Document:

EX-10.9

 Exhibit 10.9 
 INDUSTRIAL SPACE LEASE 
 (GROSS) 

THIS LEASE, dated July 1, 2012, for reference purposes only, is made by and between ROBERT D. DUCOTE and GAIL H. DUCOTE
(“Landlord”), and Viasystems Corporation (“Tenant”), to be effective and binding upon the parties as of the date of the last designated signatories to this Lease shall have executed this Lease (the “Effective Date of
this Lease”). 
 ARTICLE 1 
 REFERENCES 
  

	1.1	REFERENCES: All references in this Lease (subject to any further clarification contained in this Lease) to the following terms shall have the following meaning or refer
to the respective address, person, date, time period, amount, percentage, calendar year or fiscal year as below set forth: 

  

					
	 A.     Tenant’s Address for Notice:
	  	 355 Turtle Creek Court
 San
Jose, CA. 95125
	  	
			
	 B.     Tenant’s Representative:

            Phone number:
	  	 John R. Johnston
 503-992-4280,
503-805-7972 mobile
	  	
			
	 C.     Landlord’s Address for Notice:
	  	 18781 Westview Drive
 Saratoga,
CA. 95070
	  	
			
	 D.     Landlord’s Representative:

            Phone Number:
	  	 Robert Ducote
 408-313-9972
mobile, 873-2300
	  	
			
	 E.     Intended Commencement Date:
	  	July 1, 2012	  	
			
	 F.      Intended Term:
	  	36 Months	  	
			
	 G.     Lease Expiration Date:
	  	June 30, 2015	  	
			
	 H.     Tenant’s Punch List Period:
	  	Fifteen (15) days	  	
			
	 I.       First Month’s Prepaid Rent:
	  	$12,487.00	  	
			
	 J.      Last Month’s Prepaid Rent:
	  	$807.61	  	
			
	 K.     Tenant’s Security Deposit:
	  	Not applicable	  	

  

					
		 		 	Initial
                                      
      

					
			
	 L.     Late Charge Amount:
	  	$100.00	  	
			
	 M.    Real Property Tax Base Year:
	  	2012-2013	  	
			
	 N.     Insurance Base Year:
	  	2012-2013	  	
			
	 O.     Tenant’s Required Liability Coverage:
	  	$500,000.00	  	
			
	 P.      Tenant’s Number of Parking Spaces:
	  	Entire lot for 355 Turtle Creek Court	  	

  

	Q.	Project and Building: That certain real property situated in the City of San Jose, County of Santa Clara, State of California, as presently improved with one
(1) building, which real property is shown on the Site Plan attached hereto as Exhibit “A” and is commonly known as or otherwise described as follows: 

“A one story concrete tilt-up building consisting of approximately 13,990 square feet located at 355 Turtle Creek Court, San Jose, CA
95125” 
  

	R.	Leased Premises: That certain interior space within the Building, which space is shown outlined in red on the Floor Plan attached hereto as Exhibit “B”
consisting of approximately 13,990 square feet and, for purposes of this Lease, agreed to contain said number of square feet. The Leased Premises are commonly known as or otherwise described as follows: 

“Approximately 13,990 square feet of office and warehouse space consisting of that one story concrete tilt-up building located at 355
Turtle Creek Court, San Jose, CA 95125, in its entirety” 
  

	S.	Base Monthly Rent: The term “Base Monthly Rent” shall mean the following: Without prior demand, Tenant shall pay monthly rent on or before the tenth day of
each month as follows: 

 MONTHS 1-12: TWELVE THOUSAND FOUR HUNDRED EIGHTY SEVEN & 00/100 DOLLARS
($12,487.00) 
 MONTHS 13-24: TWELVE THOUSAND EIGHT HUNDRED TWENTY FIVE & 00/100 DOLLARS ($12,825.00) 

MONTHS 25-36: THIRTEEN THOUSAND NINETY FIVE & 00/100 DOLLARS ($13, 095.00) 

 

	T.	Permitted Use: The term “Permitted Use” shall mean the following: Office use and machining and fabrication of electronic components. Such use shall not
include the manufacture, use, or storage of industrial solvents, excepting ordinary janitorial cleaning solutions and then only in quantities necessary for routine janitorial cleaning of the demised premises. Notwithstanding the foregoing sentence,
such solvents may be used or stored on the premises if and only if Tenant obtains written authorization executed by Landlord specifying the solvent or solvents permitted to be used or stored and the permissible quantities of each solvent.

  

	U.	Exhibits: The term “Exhibits” shall mean the Exhibits to this Lease, which is described as follows: 

Exhibit “A”—Site Plan showing the Project and delineating the building in which the Leased Premises are
located. 
  

	V.	Addenda: The term “Addenda” shall mean the Addendum or (Addenda) to this Lease. 

  

					
		 	2	 	Initial
                                      
      

 ARTICLE 2 
 LEASED PREMISES TERM AND POSSESSION 
  

	2.1	DEMISE OF LEASED PREMISES: Landlord hereby leases to Tenant and tenant hereby leases from Landlord for Tenant’s own use in the conduct of Tenant’s business
and not for purposes of speculating in real estate, for the Lease Term and upon the terms and subject to the conditions of this Lease, that certain interior space described in Article 1 as the Leased Premises, reserving and excepting to Landlord the
exclusive right to all profits to be derived from any assignments or sub-lettings by Tenant during the Lease Term by reason of the appreciation in the fair market rental value of the Leased Premises. Landlord further reserves the right to install,
maintains, use and replace ducts, wires, conduits and pipes leading through the Leased Premises in locations which will not materially interfere with Tenant’s use of the Lease Premises. Tenant’s Lease of the Leased Premises, together with
the appurtenant right to use the Common Areas as described in Paragraph 2.2 below, shall be conditioned upon and be subject to the continuing compliance by Tenant with (i) all the terms and conditions of this Lease, (ii) all Laws governing
the use of the Leased Premises and the Project, (iii) all Private Restrictions, easements and other matters now of public record respecting the use of the Leased Premises and the Project, and (iv) all reasonable rules and regulations from
time to time established by Landlord. 

  

	2.2	RIGHT TO USE COMMON AREAS: As an appurtenant right to Tenant’s right to the use of the Leased Premises, Tenant shall have the non-exclusive right to use the Common
Areas in conjunction with other tenants of the Project and their invitees, subject to the limitations on such use as set forth in Article 4, and solely for the purposes for which they were designed and intended. Tenant’s right to use the Common
Areas shall terminate concurrently with any termination of this Lease. 

  

	2.3	LEASE COMMENCEMENT DATE AND LEASE TERM: The term of this Lease shall begin, and the Lease Commencement Date shall be deemed to have occurred, on the Intended
Commencement Date (as set forth in Article 1) unless either (i) Landlord is unable to deliver possession of the Leased Premises to Tenant on the Intended Commencement Date, in which case the Lease Commencement Date shall be as determined
pursuant to Paragraph 2.7 below (the “Lease Commencement Date”). The term of this Lease shall end on the Lease Expiration Date (as set forth in Article 1), irrespective of whatever date the Lease Commencement Date is determined to be
pursuant to the foregoing sentence. The Lease Term shall be that period of time commencing on the Lease Commencement Date and ending on the Lease Expiration Date (the “Lease Term”). 

 

	2.4	DELIVERY OF POSSESSION: Landlord shall deliver to Tenant possession of the Leased Premises on or before the Intended Commencement Date (as set forth in Article 1) in
their presently existing condition, broom clean, unless Landlord shall have agreed, as a condition to Tenant’s obligation, to accept possession of the Leased Premises, pursuant to an Addenda attached to and made a part of this Lease to modify
existing interior improvements or to make, construct and/or install additional specified improvements within the Leased Premises, in which case Landlord shall deliver to Tenant possession of the Leased Premises on or before the Intended Commencement
Date as so modified and/or improved. If Landlord is unable to so deliver possession of the Leased Premises to Tenant on or before the Intended Commencement Date, for whatever reason, Landlord shall not be in default under this Lease, nor shall this
Lease be void, voidable or cancelable by Tenant until the lapse of one hundred twenty days after the Intended Commencement Date (the “delivery grace period”); however, the Lease Commencement Date shall not be deemed to have occurred until
such date as Landlord notifies Tenant that the Leased Premises are Ready for Occupancy. Additionally, the delivery grace period above set forth shall be extended for such number of days as Landlord may be delayed in delivering possession of the
Leased Premises to Tenant by reason of Force Majeure or the actions of Tenant. If Landlord is unable to deliver possession of the Leased Premises to Tenant within the described delivery grace period (including any extensions thereof by reason of
Force Majeure of the actions of Tenant), then Tenant’s sole remedy shall be to cancel and terminate this Lease, and in no event shall Landlord be liable to Tenant for such delay. Tenant may not cancel this Lease at any time after the date
Landlord notifies Tenant the Lease Premises are Ready for Occupancy. 

  

					
		 	3	 	Initial
                                      
      

	2.5	ACCEPTANCE OF POSSESSION: Tenant acknowledges that it has inspected the Leased Premises and is willing to accept them in their existing condition, broom clean, unless
Landlord shall have agreed, as a condition to Tenant’s obligation to accept possession of the Leased Premises, pursuant to an Addenda attached to and made a part of this Lease to modify existing interior improvements or to make, construct
and/or install additional specified improvements within the Leased Premises, in which case Tenant agrees to accept possession of the Lease Premises when Landlord has substantially completed such modifications or improvements and the Lease Premises
are Ready for Occupancy. If Landlord shall have so modified existing improvements or constructed additional improvements within the Leased Premises for Tenant, Tenant shall, with Tenant’s punch list Period (as set forth in Article 1) which
shall commence on the date that Landlord notifies Tenant that the Leased Premises are Ready for Occupancy, submit to Landlord a punch list of all incomplete and/or improper worked performed by Landlord. Upon the expiration of Tenant’s punch
list Period, Tenant shall be conclusively deemed to have accepted the Leased Premises in their then-existing condition as so delivered by landlord to Tenant, except as to those items reasonably set forth in Tenant’s punch list, provided that
such punch list was submitted to Landlord with Tenant’s Punch list Period. Additionally, Landlord agrees to place in good working order all existing plumbing, lighting, heating, ventilating and air conditioning systems within the Leased
Premises and all man doors and roll-up truck doors serving the Leased Premises to the extent that such systems and/or items are not in good operating condition as of the date Tenant accepts possession of the Leased Premises; provided that, an only
if, Tenant notifies Landlord in writing of such failures or deficiencies within five business days from the date Tenant so accepts possession of the Lease Premises. 

 

	2.6	SURRENDER OF POSSESSION: Immediately prior to the expiration or upon the sooner termination of this Lease, tenant shall remove all of Tenant’s signs from the
exterior of the Building and shall remove all of Tenant’s equipment, trade fixtures, furniture, supplies, wall decorations and other personal property from the Leased Premises, and shall vacate and surrender the Leased Premises to Landlord in
the same condition, broom clean, as existed at the Lease Commencement Date, reasonable wear and tear expected. Tenant shall repair all damage to the Leased Premises caused by Tenant’s removal of tenant’s property and all damage to the
exterior of the Building caused by Tenant’s removal of Tenant’s signs. Tenant shall patch and refinish, to Landlord’s reasonable satisfaction, all penetrations made by Tenant or its employees to the floor, walls or ceiling of the
Lease Premises, whether such penetrations were made with Landlord’s approval or not. Tenant shall repair or replace all stained or damaged ceiling tiles, wall coverings and floor coverings to the reasonable satisfaction of Landlord. Tenant
shall repair all damage caused by Tenant to the exterior surface of the Building and the paved surfaces of the outside areas adjoining the Leased Premises and, where necessary, replace or resurface same. Additionally, Tenant shall, prior to the
expiration or sooner termination of this Lease, remove any improvements constructed or installed by Tenant which Landlord requests be so removed by Tenant and repair all damage caused by such removal. If the Leased Premises are not surrendered to
Landlord in the condition required by this Paragraph at the expiration or sooner termination of this Lease, Landlord may, at Tenant’s expense, so remove Tenant’s signs, property and/or improvements not so removed and make such repairs and
replacements not so made or hire, at Tenant’s expense, independent contractors to perform such work. Tenant shall be liable to Landlord for all costs incurred by Landlord in returning the Leased Premises to the required condition, plus interest
on all costs incurred from the date paid by Landlord at the then maximum rate of interest not prohibited by Law until paid, payable by Tenant to Landlord within tent days after receipt of a statement therefore from Landlord. Tenant shall indemnify
Landlord against loss or liability resulting from delay by Tenant in so surrendering the Leased Premises, including, without limitation, any claims made by any succeeding tenant or any losses to Landlord due to the lost opportunities to lease
succeeding tenants. 

  

	2.7	EARLY OCCUPANCY: If Tenant enters into possession of the Lease Premises prior to the Intended Commencement Date (or permits its contractors to enter the Leased Premises
prior to the Intended Commencement Date), unless otherwise agreed in writing by Landlord, the Lease Commencement Date shall be deemed to have occurred on such sooner date, and Tenant shall be obligated to perform all its obligations under this
Lease, including the obligation to pay rent, from that sooner date. 

  

					
		 	4	 	Initial
                                      
      

 ARTICLE 3 
 RENT, LATE CHARGES AND SECURITY DEPOSITS 
  

	3.1	BASE MONTHLY RENT: Commencing on the Lease Commencement Date (as determined pursuant to Paragraph 2.3 above) and continuing throughout the Lease Term, Tenant shall pay
to Landlord, without prior demand therefore, in advance on the first day of each calendar month, as base monthly rent, the amount set forth as “Base Monthly Rent” in Article 1 (the “Base Monthly Rent”). 

 

	3.2	ADDITIONAL RENT: Commencing on the Lease Commencement Date (as determined pursuant to Paragraph 2.3 above) and continuing throughout the Lease Term, Tenant shall pay to
Landlord as additional rent (the “Additional Rent”) the following amounts: 

  

	 	A.	Tenant’s Proportionate Share of all increases in Landlord’s Insurance Costs and Real Property Taxes over those paid during the period set forth in Article 1
as the “Insurance Base Year” and the “Real Property Tax Base Year”, respectively, plus an accounting fee equal to five percent of such increase. Payment shall be made by whichever of the following methods is from time to time
designated by Landlord: 

  

	 	(1)	Landlord may bill to Tenant, on a periodic basis not more frequent than monthly, Tenant’s Proportionate Share of any increases in Landlord’s Insurance Costs
or Real Property Taxes, as paid or incurred by Landlord during the current period over those paid or incurred in the same period during the applicable Base Year, and Tenant shall pay such share of such increases, together with an accounting fee
equal to five percent of the amount billed, within ten days after receipt of a written bill therefore from Landlord; or 

  

	 	(2)	Landlord may deliver to Tenant Landlord’s reasonable estimate of the increase in Landlord’s Insurance Costs and/or Real Property Taxes it anticipates will be
paid or incurred for the ensuing calendar or fiscal year, as the case requires, over those paid or incurred during the applicable Base Year, and Tenant shall pay its Proportionate Share of the estimated increases for such year, together with an
accounting fee equal to five percent of the amount billed, in equal monthly installments during such year with the installments of Base Monthly Rent. Landlord reserves the right to change from time to time the method of billing Tenant its
Proportionate Share of such increases or the periodic basis on which such increases are billed. 

  

	 	B.	Landlord’s share of the consideration received by Tenant upon certain assignments and subletting as required by Article 7; 

 

	 	C.	Any legal fees and costs that Tenant is obligated to pay or reimburse to Landlord pursuant to Article 13; and 

 

	 	D.	Any other charges or reimbursements due Landlord from Tenant pursuant to the terms of this Lease. 

 

	 	E.	For the purposes of this Lease, the term “Additional Rent” shall not include an accounting fee equal to five percent (5%) of the increase in the
Tenant’s Proportionate Share in any increases in Landlord’s Insurance Costs or Real Property Taxes. No such charge shall be imposed on the Tenant during the term of the Lease. 

  

					
		 	5	 	Initial
                                      
      

	3.3.	YEAR-END ADJUSTMENTS: If Landlord shall have elected to charge Tenant its Proportionate Share of the increases in Landlord’s Insurance Costs and/or Real Property
Taxes on an estimated basis in accordance with the provisions of Paragraph 3.2A(2) above, Landlord shall furnish to Tenant within three months following the end of the applicable calendar or fiscal year, as the case may be, a statement setting forth
(i) the amount of Landlord’s Insurance Costs and/or Real Property Taxes paid or incurred during the just ended calendar or fiscal year, as appropriate, (ii) the amount of Landlord’s Insurance Costs and/or Real Property Taxes paid
or incurred during the applicable Base Year, and (iii) Tenant’s Proportionate Share of the increases, if any, in Landlord’s Insurance Costs and/or Real Property Taxes for the just ended fiscal or calendar year, as appropriate. If
Tenant shall have paid more than its Proportionate Share of such increases for the previous year, Landlord shall, at its election, either (i) credit the amount of such overpayment toward the next ensuing payment or payments of Additional Rent
that would otherwise be due or (ii) refund in cash to Tenant the amount of such overpayment. If such year-end statement shall show that Tenant did not pay its Proportionate Share of any such increases in full, then Tenant shall pay to Landlord
the amount of such underpayment, together with the accounting fee applicable thereto, within ten days from Landlord’s billing of same to Tenant. The provisions of this Paragraph shall survive the expiration or sooner termination of this Lease.

  

	3.4	LATE CHARGE AND INTEREST ON RENT IN DEFAULT: Tenant acknowledges that the late payment by Tenant of any monthly installment of Base Monthly Rent or any Additional Rent
will cause Landlord to incur certain costs and expenses not contemplated under this Lease, the exact amounts of which are extremely difficult or impractical to fix. Such costs and expenses will include, without limitation, administration and
collection costs and processing and accounting expenses. Therefore, if any installment of Base Monthly Rent is not received by Landlord from Tenant with six calendar days after the same becomes due, Tenant shall immediately pay to Landlord a late
charge in an amount equal to the amount set forth in Article 1 as the “Late Charge Amount”, and if any Additional Rent is not received by Landlord within six calendar days after same becomes due, Tenant shall immediately pay to Landlord a
late charge in an amount equal to ten percent of the Additional Rent not so paid. Landlord and Tenant agree that this late charge represents a reasonable estimate of such costs and expenses and is fair compensation to Landlord for its loss suffered
by reason of Tenant’s failure to make timely payment. In no event shall this provision for a late charge be deemed to grant to Tenant a grace period or extension of time within which to pay any rental installment or prevent Landlord from
exercising any right or remedy available to Landlord upon Tenant’s failure to pay each rental installment due under this Lease when due, including the right to terminate this Lease. If any rent remains delinquent for a period in excess of six
calendar days, then, in addition to such late charge, Tenant shall pay to Landlord interest on any rent that is not so paid from said sixth day at the then maximum interest rate not prohibited by Law until paid. 

 

	3.5	PAYMENT OF RENT: All rent shall be paid in lawful money of the United States, without any abatement, deduction or offset for any reason whatsoever, to Landlord at such
address as Landlord may designate from time to time. Tenant’s obligation to pay Base Monthly Rent and all Additional Rent shall be prorated at the commencement and expiration of the Lease Term. The failure of Tenant to pay any of the Additional
Rent as required pursuant to this Lease when due shall be treated the same as a failure by Tenant to pay Base Monthly Rent when due, and Landlord shall have the same rights and remedies against Tenant as Landlord would have if Tenant failed to pay
the Base Monthly Rent when due. 

  

	3.6	PREPAID RENT: Tenant has paid to Landlord the amount set forth in Article 1 as “First Month’s Prepaid Rent” as prepayment of rent for credit against the
first installment(s) of Base Monthly Rent due hereunder. Additionally, Tenant has paid to Landlord the Monthly Rent due hereunder, subject, however, to the provisions of Paragraph 3.7 below. 

  

					
		 	6	 	Initial
                                      
      

	3.7	SECURITY DEPOSIT: Tenant has deposited with Landlord the amount set forth in Article 1 as the “Security Deposit” as security for the performance by Tenant of
the terms of this Lease to be performed by Tenant, and not as prepayment of rent. Landlord may apply such portion or portions of the Security Deposit as are reasonably necessary for the following purposes: (i) to remedy any default by Tenant in
the payment of Base Monthly Rent or Additional Rent or a late charge or interest on default rent; (ii) to repair damage to the Lease Premises caused by Tenant; (iii) to clean and repair the Lease Premises following their surrender to
Landlord if not surrendered in the condition required pursuant to the provisions of Article 2; and (iv) to remedy any other default of Tenant to the extent permitted by Law including, without limitation, paying in full on Tenant’s behalf
any sums claimed by material-men or contractors of Tenant to be owing to them by Tenant for work done or improvements made at Tenant’s request to the Lease Premises. In this regard, Tenant hereby waives any restriction on the uses to which the
Security Deposit may be applied as contained in Section 1950.7(c) of the California Civil Code and/or any successor statute. In the event the Security Deposit or any portion thereof is so used, Tenant shall pay to Landlord, promptly upon
demand, an amount in cash sufficient to restore the Security Deposit to the full original sum if Tenant fails to promptly restore the Security Deposit and if Tenant shall have paid to promptly restore the Security Deposit and if Tenant shall have
paid to Landlord any sums as “Last Month’s Prepaid Rent” Landlord may, in addition to any other remedy Landlord may have under this Lease reduce the amount of Tenant’s Last Month’s Prepaid Rent by transferring all or
portions of such Last Month’s Prepaid Rent to Tenant’s Security Deposit until such Security Deposit is restored to the amount set forth in Article 1. Landlord shall not be deemed a trustee of the Security Deposit. Landlord may use the
Security Deposit in Landlord’s ordinary business and shall not be required to segregate it from its general accounts. Tenant shall not be entitled to any interest on the Security Deposit. If Landlord transfers the Building during the Lease
Term, Landlord may pay the Security Deposit to any subsequent owner in conformity with the provisions of Section 1905.7 of the California Civil Code and/or any successor statute. In which event the transferring landlord shall be released from
all liability for the return of the Security Deposit. Tenant specifically grants to Landlord (and hereby waives the provisions of California Civil Code Section to the contrary) a period of sixty days following a surrender of the Leased Premises by
Tenant to Landlord within which to restore the Security Deposit (less permitted deductions) to Tenant, if being agreed between Landlord and Tenant that sixty days is a reasonable period of time within which to inspect the Lease Premises, make
required repairs, receive and verify workmen’s billings therefore, and prepare a final accounting with respect to such deposit. In no event shall the Security Deposit, or any portion thereof, be considered prepaid rent.

 For the purposes of this Lease, paragraph 3.7 “Security Deposit” above, shall not be
applicable during this Lease Term. 
 ARTICLE 4 
 USE OF LEASED PREMISES AND COMMON AREAS 
  

	4.1	PERMITTED USE: Tenant shall be entitled to use the Leased Premises solely for the “Permitted use” as set forth in Article 1 and for no other purpose
whatsoever. Tenant shall continuously and without interruption use the Lease Premises for such purpose for the entire Lease Term. Any discontinuance of such use for a period of thirty consecutive calendar days shall be, at Landlord’s election,
a default by Tenant under the terms of this Lease. Subject to the limitations contained in this Article 4, Tenant shall have the right to use the Common Areas, in conjunction with other tenants and during normal business hours, solely for the
purposes for which they were intended and for no other purposes whatsoever. Tenant shall not have the right to use the exterior surfaces of exterior walls, the area beneath the floor or the area above the ceiling of the Leased Premises.

  

	4.2	GENERAL LIMITATIONS ON USE: Tenant shall not do or permit anything to be done in or about the Leased Premises, the Building, the Common Areas or the Project which does
or could (i) interfere with the rights of other tenants or occupants of the Building or the Project, (ii) jeopardize the structural integrity of the Building or (iii) cause damage to any part of the Building or the Project. Tenant
shall not operate any equipment within the Leased Premises which does or could (i) injure, vibrate or shake the Leased Premises or the building, (ii) damage, overload or impair the efficient operation of any electrical, plumbing, heating,
ventilating or air conditioning systems within or servicing the Lease Premises or the Building or (iii) damage or impair the efficient operation of the sprinkler system (if any) within or servicing the Leased Premises or the Building. Tenant
shall not install any equipment or antennas on or make any penetrations of the exterior walls or roof of the Building. Tenant shall not affix any equipment to or make any penetrations or cuts in the floor, ceiling or walls of the Leased Premises.
Tenant shall not place any loads upon the floors, walls ceilings or roof systems, which could endanger the structural integrity of the Building or damage its floors, foundations or supporting structural components. Tenant shall not place any
explosive, flammable or harmful fluids or other waste materials in the drainage systems of the Building or the Project. Tenant shall not drain or discharge any fluids in the landscaped areas or across the paved areas o the Project. Tenant shall not
use any area located outside the Leased Premises for the storage of its materials, supplies, inventory or equipment, and all such materials, supplies, inventory and equipment shall at all times be stored within the Leased Premises. Tenant shall not
commit nor permit to be committed any waste in or about the Leased Premises, the Common Areas or the Project. 

  

					
		 	7	 	Initial
                                      
      

	4.3	NOISE AND EMISSIONS: All noise generated by Tenant in its use of the Leased Premises shall be confined or muffled so that it does not interfered with the businesses or
annoy other tenants of the Building or the Project. All dust, fumes odors and other emissions generated by Tenant’s use of the Leased Premises shall be sufficiently dissipated in accordance with sound environmental practices and exhausted from
the Leased Premises in such a manner so as not to interfere with the businesses of or annoy other tenants of the Building or the Project, or cause any damage to the Leased Premises or the Building or any component part thereof or the property of
other tenants of the Building of the Project. 

  

	4.4	TRASH DISPOSAL: Tenant shall provide trash and garbage disposal facilities inside the Leased Premises for all of its trash, garbage and waste requirements (other than
general office waste which may be disposed of in the trash bins provided by Landlord), and shall cause such trash, garbage and waste to be regularly removed from the Leased Premises at Tenant’s sole cost. Tenant shall keep all areas outside the
Leased Premises and all fire corridors and mechanical equipment rooms in or about the Leased Premises free and clear of all trash, garbage, waste and boxes containing same at all times. 

 

	4.5	PARKING: Tenant is allocated, and Tenant and its employees and invitees shall have the non-exclusive right to use, not more than the number of parking spaces set forth
in Article 1 as “Tenant’s Number of Parking Spaces”. Tenant shall not, at any time, use or permit its employees or invitees to use more parking spaces than the number so allocated to Tenant. Tenant shall not have the exclusive right
to use any specific parking space, and Landlord reserves the right to designate from time to time the location of the parking spaces allocated for Tenant’s use. In the event Landlord elects or is required by any Law to limit or control parking
within the Project, whether by validation of parking tickets or any other method, Tenant agrees to participate in such validation or other program as reasonably established by Landlord. Tenant shall not, at any time, park or permit to be parked any
trucks or vehicles adjacent to entryways or loading areas within the Project so as to interfere in any way with the use of such areas, nor shall Tenant, at any time, park or permit the parking of Tenant’s trucks or other vehicles, or the trucks
and vehicles of Tenant’s suppliers or others, in any portion of the Common Areas not designated by Landlord for such use by Tenant. Tenant shall not, at any time, park or permit to be parked any recreational vehicles, inoperative vehicles or
equipment on any portion of the common parking area or other Common Areas of the Project. Tenant agrees to assume responsibility for compliance by its employees and invitees with the parking provisions contained herein. If Tenant or its employees
park any vehicle within the Project in violation of these provisions, then Landlord may charge Tenant, as Additional Rent, and Tenant agrees to pay, as Additional Rent, Ten Dollars per day for each day or partial day that each such vehicle is parked
in any area other than that designated. Tenant hereby authorizes Landlord, at Tenant’s sole expense, to tow away from the Project and store until redeemed by its owner any vehicle belonging to Tenant or Tenant’s employees parked in
violation of these provisions. 

  

	4.6	SIGNS: Tenant shall not place or install on or within any portion of the Leased Premises, the Building, the Common Areas or the Project any sign (other than a business
identification sign first approved by Landlord in accordance with this Paragraph), advertisements, banners, placards or pictures which are visible from the exterior of the Leased Premises. Tenant shall not place or install on or within any portion
of the Leased Premises, the Building, the Common Areas or the Project any business identification sign which is visible from the exterior of the Leased Premises until Landlord shall have first approved in writing the location, sized, content,
design, method of attachment and material to be used in the making of such sign. Any signs, once approved by Landlord, shall be installed only in strict compliance with Landlord’s approval, at Tenant’s expense, using a person first
approved by Landlord to install same. Landlord may remove any signs (not first approved in writing by Landlord), advertisements, banners, placards or pictures so placed by Tenant on or with the Leased Premises, the Building, the Common Areas or the
Project and charge to tenant the cost of such removal, together with any costs incurred by landlord to repair any damage caused thereby, including any cost incurred to restore the surface upon which such sign was so affixed to its original
condition. Tenant shall remove any such signs, repair any damage caused thereby, and restore the surface upon which the sign was affixed to its original condition, all to Landlord’s reasonable satisfaction, upon the termination of this Lease.

  

					
		 	8	 	Initial
                                      
      

	4.7	COMPLIANCE WITH LAWS AND PRIVATE RESTRICTIONS: Tenant shall not use or permit any person to use the Leased Premises in any manner, which violates any Laws or Private
Restrictions. Tenant shall abide by and shall promptly observe and comply with, at its sole cost and expense, all Laws and Private Restrictions respecting the use and occupancy of the Lease Premises, the Building, the Common Areas or the Project and
shall defend with competent counsel, indemnify and hold Landlord harmless from any claims, damages or liability resulting from Tenant’s failure to do so. 

 

	4.8	COMPLIANCE WITH INSURANCE REQUIREMENTS: With respect to any insurance policies carried by Landlord in accordance with the provisions of this Lease, Tenant shall not
conduct (nor permit any other person to conduct) any activities with the Leased Premises, or store, keep or use anything with the Leased Premises with (i) is prohibited under the terms of any of such policies, (ii) could result in the
termination of the coverage afforded under any of such policies, (iii) could give to the insurance carriers the right to cancel any of such policies, or (iv) could cause an increase in the rates (over standard rates) charged for the
coverage afforded under any such policies. Tenant shall comply with all requirements of any insurance company, insurance underwriter, or Board of Fire Underwriters which are necessary to maintain, at standard rates, the insurance coverage’s
carried by either Landlord or Tenant pursuant to this Lease. 

  

	4.9	LANDLORD’S RIGHT TO ENTER: Landlord and its agents shall have the right to enter the Leased Premises during normal business hours and subject to Tenant’s
reasonable security measures for the purpose of (i) inspecting the same; (ii) supplying any services to be provided by Landlord to Tenant; (iii) showing the Leased Premises to prospective purchasers, mortgagees or tenants;
(iv) making necessary alternations, additions or repairs; (v) performing any of Tenant’s obligations when Tenant has failed to do so after giving Tenant reasonable written notice of its intent to do so; and (vi) posting notices
of non-responsibility. Additionally, Landlord shall have the right to enter the Leased Premises at times of emergency. Any entry into the Leased Premises or portions thereof obtained by Landlord in accordance with this Paragraph shall not under any
circumstances be construed or deemed to be a forcible or unlawful entry into, or a detainer of, the Leased Premises, or an eviction, actual or constructive, of Tenant from the Leased Premises or any portion thereof. 

 

	4.10	CONTROL OF COMMON AREAS: Landlord shall at all times have exclusive control of the Common Areas. Landlord shall have the right, without the same constituting an actual
or constructive eviction and without entitling Tenant to any reduction in or abatement of rent, to: (i) temporarily closed any part of the Common Areas to whatever extent required in the opinion of Landlord’s counsel to prevent a
dedication thereof or the accrual of any prescriptive rights therein: (ii) temporarily close all or any part of the Common Areas to perform maintenance or for any other reason deemed sufficient by Landlord; (iii) change the shape, size,
location, number and extent of improvements within the Common Areas including, without limitation, changing the location of driveways, entrances, exits, parking spaces, parking areas, sidewalks, directional or locator signs, or the direction of the
flow of traffic; and (iv) to make additions to the Common Areas including, without limitation, the construction of parking structures. Landlord shall have the right to change the name or address of the Building. Tenant in its use of the Common
Areas, shall keep the Common Areas free and clear of all obstructions created or permitted by Tenant. If, in the opinion of Landlord, unauthorized persons are using any of the Common Areas by reason of, or under claim of, the express or implied
authority or consent of Tenant, then Tenant, upon demand of Landlord, shall restrain, to the fullest extent then allowed by Law, such unauthorized use, and shall initiate such appropriate proceedings as may be required to so restrain such use.
Nothing contained herein shall affect the right of Landlord at any time to remove any unauthorized person from the Common Areas or to prohibit the use of the Common Areas by unauthorized persons, including without limitation, the right to prohibit
mobile food and beverage vendors. In exercising any such right regarding the Common Areas, Landlord shall make a reasonable effort to minimize any disruption to Tenant’s business. 

  

					
		 	9	 	Initial
                                      
      

	4.11	RULES AND REGULATIONS: Landlord shall have the right from time to time to establish reasonable rules and regulations and/or amendments or additions thereto respecting
the use within the Project and the use of the Common Areas for the care and orderly management of the Project and the safety of its tenants, occupants and invitees. Upon delivery to Tenant of a copy of such rules and regulations or any amendments or
additions thereto, Tenant shall comply with such rules and regulations. A violation by Tenant of any of such rules and regulations shall constitute a default by Tenant under this Lease. If there is a conflict between the rules and regulations and
any of the provisions of this Lease, the provisions of this Lease shall prevail. Landlord shall not be responsible or liable to Tenant for the violation of such rules and regulations by any other tenant of the Project. 

 

	4.12	ENVIRONMENTAL PROTECTION: Landlord may voluntarily cooperate in a reasonable manner with the efforts of all governmental agencies in reducing actual or potential
environmental damage. Tenant shall not be entitled to terminate this Lease or to any reduction or abatement of rent by reason of such compliance or cooperation. Tenant agrees at all times to cooperate fully with Landlord and to abide by all rules
and regulations and requirements which Landlord may reasonably prescribe in order to comply with the requirements and recommendations of governmental agencies regulating, or otherwise involved in, the protection of the environment.

 ARTICLE 5 
 REPAIRS, MAINTENANCE, SERVICES AND UTILITIES 
  

	5.1	REPAIRS AND MAINTENANCE: Except in the case of damage to or destruction of the Leased Premises, the Building or the Project caused by an Act of God or other peril, in
which case the provisions of Article 10 shall control, the parties shall have the following obligations and responsibilities with respect to the repair and maintenance of the Leased Premises, the Building and the Common Areas.

  

	 	A.	Tenant’s Obligation: Tenant shall, at all times during the Leased Term and at its sole cost and expense, regularly clean and continuously keep and maintain in good
order, condition and repair the Leased Premises and every part thereof and all appurtenances thereto, including, without limiting the generality of the foregoing, (i) all interior walls, floors and ceilings, (ii) all windows, doors and
skylights, (iii) all electrical wiring, conduits, connectors and fixtures, (iv) all plumbing, pipes, sinks, toilets, faucets and drains, (v) all lighting fixtures, bulbs and lamps, (vi) all heating, ventilating and air
conditioning equipment located within the Leased Premises or located outside the Leased Premises (e.g. rooftop compressors) and serving the Leased Premises (other tan Common HVAC as defined in Subparagraph B below), and all entranceways to the
Leased Premises. Tenant, if requested to do so by Landlord, shall have at Tenant’s sole cost and expense, a licensed heating, ventilating and air conditioning contractor to regularly and periodically inspect (not less frequently than every
three months) and perform required maintenance on the heating, ventilating and air conditioning equipment and systems serving the Leased Premises, or alternately, Landlord may so contract in its own name for such regular and periodic inspections of
and maintenance on such heating, ventilating and air conditioning equipment and systems and charge to Tenant, as Additional Rent, the cost thereof. Tenant shall, at its sole cost and expense, repair all damage to the Building, the Common Areas or
the Project caused by the activities of Tenant, its employees, invitees or contractors promptly following written notice from Landlord to so repair such damage. If Tenant shall fail to perform the required maintenance or fail to make repairs
required of it pursuant to Paragraph within a reasonable period of time following notice from Landlord to do so, then Landlord may, at its election and without waiving any other remedy it may otherwise have under this Lease or at Law, perform such
maintenance or make such repairs and charge to Tenant, as Additional Rent, the costs so incurred by Landlord for same. All glass within or a part of the Leased Premises, both interior and exterior, is at the sole risk of Tenant and any broken glass
shall promptly be replaced by Tenant at Tenant’s expense with glass of the same kind, size and quality. 

  

					
		 	10	 	Initial
                                      
      

	 	B.	Landlord’s Obligation: Landlord shall, at all times during the Lease Term, maintain in good condition and repair; (i) the exterior and structural parts of the
Building (including the foundation, sub-flooring, load- bearing and exterior walls, and roof); (ii) the Common Areas; and (iii) the electrical and plumbing systems located outside the Leased Premises which service the Building.
Additionally, to the extent that the Building contains central heating, ventilating and or air conditioning systems located outside the Leased Premises and designed to service, and then servicing, more than a single tenant within the Building,
(“Common HVAC”), Landlord shall maintain in good operating condition and repair such Common HVAC equipment and systems. 

  

	5.2	SERVICES AND UTILITIES: The parties shall have the following responsibilities and obligations with respect to obtaining and paying the cost of providing the following
utilities and other services to the Leased Premises. 

  

	 	A.	Gas and Electric: Tenant shall arrange, at its sole expense and in its own name, for the supply of gas and electricity to the Leased Premises. In the event that such
services are not separately metered, Tenant shall, at its sole expense, cause such meters to be installed. Tenant shall be responsible for determining if the local supplier of gas and/or electricity can supply the needs of Tenant and whether or not
the existing gas and/or electrical distribution systems within the Building and the Leased Premises are adequate for Tenant’s needs. Tenant shall pay all charges for gas and electricity as so supplied to the Leased Premises.

  

	 	B.	Water: Tenant shall arrange, at its sole expense and in its own name, for the supply of water to the Leased Premises. 

 

	 	C.	Security Services: Tenant acknowledges that Landlord is not responsible for the security of the Leased Premises or the protection of Tenant’s property or
Tenant’s employees, invitees or contractors, and that to the extent Tenant determines that such security or protection services are advisable or necessary, Tenant shall arrange for an pay the costs of providing same. 

 

	 	D.	Trash Disposal: Landlord will provide one trash bin or each building within the Project for use by the tenants of such building for disposal of general office waste
only and for no other purpose. In no event shall Tenant use the trash bins provided by Landlord for disposal of any of its industrial waste, garbage or trash, and in no event shall Landlord be required to provide extra bins for such purpose to
because other tenants of the Building or the Project are using such bins for such purpose. 

  

	5.3	ENERGY AND RESOURCE CONSUMPTION: Landlord may voluntarily cooperate in a reasonable manner with the efforts to governmental agencies and/or utility suppliers in
reducing energy or other resource consumption within the Project. Tenant shall not be entitled to terminate this Lease or to any reduction in or abatement of rent by reason of such compliance or cooperation. Tenant agrees at all times to cooperate
fully with Landlord and to abide by all reasonable rules established by Landlord (i) in order to maximize the efficient operation of the electrical, heating, ventilating and air conditioning systems and all other energy or other resource
consumption systems within the Project and/or (ii) in order to comply with the requirements and recommendations of utility suppliers and governmental agencies regulating the consumption of energy and/or other resources.

  

					
		 	11	 	Initial
                                      
      

	5.4	LIMITATION OF LANDLORD’S LIABILITY: Landlord shall not be liable to Tenant for injury to Tenant, its employees, agents, invitees or contractors, damage to
Tenant’s property or loss of Tenant’s business or profits, nor shall Tenant be entitled to terminate this Lease or to any reduction in or abatement of rent by reason of (i) Landlord’s failure to perform any maintenance or repairs
to the Project until Tenant shall have first notified Landlord, in writing, of the need for such maintenance or repairs, and then only after Landlord shall have had a reasonable period of time following its receipt of such notice within which to
perform such maintenance or repairs, or (ii) any failure, interruption, rationing or other curtailment in the supply of water, electric current, gas or other utility service to the Leased Premises, the Building or the Project from whatever
cause (other than Landlord’s gross negligence or willful misconduct), or (iii) the unauthorized intrusion or entry into the Leased Premises by third parties (other than Landlord). 

ARTICLE 6 

ALTERATIONS AND IMPROVEMENTS 
  

	6.1	BY TENANT: Tenant shall not make any alterations to or modifications of the Leased Premises or construct any improvements to or within the Leased Premises without
Landlord’s prior written approval, and then not until Landlord shall have first approved, in writing, the plans and specifications therefore, which approval shall not be unreasonably withheld. All such modifications, alterations or
improvements, once so approved, shall be made, constructed or installed by Tenant at Tenant’s expense, using a licensed contractor first approved by Landlord, in substantial compliance with the Landlord-approved plans and specifications
therefore. All work undertaken by Tenant shall be done in accordance with all Laws and in good and workmanlike manner using new materials of good quality. Tenant shall not commence the making of any such modifications or alterations or the
construction of any such improvements until (i) all required governmental approvals and permits shall have been obtained, (ii) all requirements regarding insurance imposed by this Lease have been satisfied, (iii) Tenant shall have
given Landlord at least five business days prior to written notice of its intention to commence such work so that Landlord may post and file notices of non-responsibility, and (iv) if requested by Landlord, Tenant shall have obtained contingent
liability and broad form builder’s risk insurance in an amount satisfactory to Landlord to cover any perils relating the proposed work not covered by insurance carried by Tenant pursuant to Article 9. In no event shall Tenant make any
modifications, alterations or improvements to the Common Areas or any areas outside the Leased Premises. As used in the Article, the term “modifications”, alterations and/or improvements” shall include, without limitation, the
installation of additional electrical outlets, overhead lighting fixtures, drains, sinks, partitions, doorways, or the like. 

  

	6.2	OWNERSHIP OF IMPROVEMENTS: All modifications, alternations and improvements made or added to the Leased Premises by Tenant (other than Tenant’s inventory,
equipment, movable furniture, wall decorations and trade fixtures) shall be deemed real property and a part of the Leased Premises, but shall remain the property of Tenant during the Lease Term. Any such modifications, alterations or improvements,
once completed, shall not be altered or removed from the Leased Premises during the Lease Term without Landlord’s written approval first obtained in accordance with the provisions of Paragraph 6.1 above. At the expiration or sooner termination
of this Lease, all such modifications, alterations and improvements (other than Tenant’s inventory, equipment, movable furniture, wall decorations and trade fixtures) shall automatically become the property of the Landlord and shall be
surrendered to Landlord as part of the Leased Premises as required pursuant to Article unless Landlord shall require Tenant to remove any of such modifications, alterations or improvements in accordance with the Provision of Article 2, in which case
Tenant shall so remove same. Landlord shall have no obligation to reimburse to Tenant all or any portion of the cost or value of any such modifications, alterations or improvements so surrendered to Landlord. All modifications, alterations or
improvements which are installed or constructed on or attached to the Leased Premises by Landlord at Landlord’s expense shall be deemed real property and a part of the Leased Premises and shall be the property of Landlord. All lighting,
plumbing, electrical, heating, ventilating and air conditioning fixtures, partitioning, window coverings, wall coverings and floor coverings installed by Tenant shall be deemed improvements to the Leased Premises and not trade fixtures of Tenant.

  

					
		 	12	 	Initial
                                      
      

	6.3	ALTERATIONS REQUIRED BY LAW: Tenant shall make all modifications, alterations, and improvements to the Leased Premises, at its sole cost, that are required by Law
because of (i) Tenant’s use or occupancy of the Leased Premises, (ii) Tenant’s application for any permit or governmental approval, or (iii) Tenant’s making of any modifications, alterations, or improvements to or
within the Leased Premises. 

  

	6.4	LIENS: Tenant shall keep the Leased Premises, the Building and the Project free from any liens and shall pay value due all bills arising out of any work performed,
materials furnished, or obligations incurred by Tenant, its agents, employees or contractors related to the Leased Premises. if any such claim of lien is recorded against Tenant’s interest in this Lease, the Leased Premises, the Building or the
Project, Tenant shall bond against, discharge or otherwise cause such lien to be entirely released within ten days after the same has been so recorded. 

 ARTICLE 7 
 ASSIGNMENT AND SUBLETTING BY TENANT 

 

	7.1	BY TENANT: Tenant shall neither assign this Lease nor sublet the Lease Premises without obtaining the written consent of the Landlord to do so, however, that Landlord
shall not arbitrarily or unreasonably refuse to grant consent to such assignment or subletting, and provided further that a consent to one assignment or subletting by Landlord shall not be deemed a consent to any subsequent assignment or subletting.
Any assignment or subletting without the consent of the Landlord shall be void and shall, at the option of the Landlord, terminate this Lease. The acceptance of rent by Landlord from any person or entity other than the Tenant, or the acceptance of
rent by Landlord from Tenant with knowledge of a violation of the provisions of this paragraph, shall not be deemed a waiver by Landlord of any provision of this Article or this Lease or to be a consent to any assignment or subletting by Tenant.

  

	7.2	MERGER OR REORGANIZATION: If Tenant is a corporation, any dissolution, merger, consolidation or other reorganization of Tenant, or the sale or other transfer in the
aggregate over the Lease Term of a controlling percentage of the capital stock of Tenant shall not be deemed a voluntary assignment of Tenant’s interest in this Lease. However, should Tenant dissolve, merge, consolidate, or otherwise
reorganize, Tenant shall notify Landlord in writing of the proposed change in its status fifteen (15) days prior to the effective date of such dissolution or reorganization. 

 

	7.3	LANDLORD’S CONSENT: If Tenant shall desire to assign its interest under this Lease or to sublet the Leased Premises, Tenant must first notify Landlord, in writing,
of its intent to so assign or sublet, specifying in detail the terms of such assignment or subletting, including, by way of illustration but not of limitation, the name of the proposed assignee or sublessee, the proposed assignee’s
sublessee’s intended use of the leased premises, a current financial statement of such proposed assignee or sublessee, and the form of documents to be used in effectuating such assignment or subletting. Land lord shall have a period of fifteen
(15) days following receipt of such notice to either (i) consent to such assignment or subletting, or (ii) refuse to consent to such requested assignment or subletting, provided that such consent shall not be unreasonably or
arbitrarily refused. During said fifteen (15) day period, Tenant covenants and agrees to supply Landlord, upon request, all necessary or relevant information which Landlord may reasonably request respecting such proposed assignment or
subletting and/or the proposed assignee or sublessee. 

  

					
		 	13	 	Initial
                                      
      

	7.4	CONDITIONS TO LANDLORD’S CONSENT: If Landlord elects to consent to such requested assignment or subletting, such consent shall be expressly conditioned upon the
occurrence of each of the conditions set forth below. Any purported assignment or subletting made prior to the full and complete satisfaction of each of the following conditions shall be void and shall, at the option of Landlord, constitute a
material default of this Lease permitting Landlord to terminate this Lease unless such default is cured by Tenant satisfying each condition within five (5) days of receipt of written notice of the default. The conditions are as follows:

  

	 	A.	Landlord having approved in form and substance the assignment or sublease agreement, which approval shall not be unreasonably withheld. 

 

	 	B.	Each such sublessee or assignee having agreed in writing satisfactory to Landlord to assume, to be bound by, and to perform the obligations of this Lease to be
performed by Tenant. 

  

	 	C.	Tenant having delivered to Landlord a complete and fully executed duplicate original of each sublease agreement or assignment agreement. 

 

	 	D.	Tenant and Tenant’s sublessee shall have entered into a written agreement with and for the benefit of Landlord satisfactory to Landlord whereby Tenant and
Tenant’s sublessee jointly agree to pay to Landlord one hundred percent of all excess rentals to be paid by such sublessee as and when such excess rentals are so paid. 

 

	7.5	EXCESS RENTALS DEFINED: The term “excess rentals” shall mean all consideration to be paid by the sublessee to Tenant or to any other on Tenant’s behalf
or for Tenant’s benefit for the sublease of the Leased Premises in excess of the rent due Landlord under the terms of this Lease for the same period, less any commissions paid by Tenant to a licensed real estate broker for arranging such
sublease. Tenant agrees that the portion of any excess rentals arising from any subletting by Tenant, which is to be paid to Landlord pursuant to this Article, now, is and shall then be the property of Landlord and not the property of Tenant.

  

	7.6	EFFECT OF LANDLORD’S CONSENT: No assignment or subletting, even with the consent of Landlord, shall relieve Tenant of it’s primary obligation to pay rent and
to perform all of the other obligations to be performed by Tenant hereunder. Consent by Landlord to one or more assignments or sublettings by Tenant shall not be deemed to be consent to any subsequent assignment or subletting.

  

	7.7	GOOD FAITH: The rights granted to Tenant by this Article are granted in consideration of Tenant’s express covenant that all pertinent allocations which are made by
Tenant between the value of this Lease and the value of any of Tenant’s personal property which may be conveyed or leased generally concurrently with and which may reasonably be considered a part of the same transaction as the permitted
assignment or subletting shall be made fairly, honestly and in good faith. If Tenant shall breach this Covenant of Good Faith, Landlord may immediately declare Tenant to be in default under the terms of this Lease and terminate this Lease and/or
exercise any other rights and remedies Landlord would have under the terms of this Lease in the case of a material default by Tenant under this Lease. 

  

	7.8	EFFECT OF LANDLORD’S CONSENT: No subletting, assignment or encumbrance, even with the consent of Landlord shall relieve Tenant of its personal and primary
obligation to pay rent and to perform all of the other obligations to be performed by Tenant hereunder. Consent by Landlord to one or more assignments or encumbrances of Tenant’s interest in this Lease or to one or more subletting of the Leased
Premises shall not be deemed to be a consent to any subsequent assignment, encumbrance or subletting. If Landlord shall have been ordered by a court of competent jurisdiction to consent to a requested assignment or subletting, or such an assignment
or subletting shall have been ordered over the objection of Landlord, such assignment or subletting shall not be binding between the assignee (or sub-lessee) and Landlord until such a time as all conditions set forth in Paragraph 7.4 above have been
fully satisfied (to the extent not then satisfied) by the assignee or sub-lessee, including, without limitation, the payment to Landlord of all agreed assignment considerations and/or excess rentals then due Landlord. 

  

					
		 	14	 	Initial
                                      
      

 ARTICLE 8 
 LIMITATION ON LANDLORD’S LIABILITY AND INDEMNITY 
  

	8.1	LIMITATION ON LANDLORD’S LIABILITY AND RELEASE: Landlord shall not be liable to Tenant for, and Tenant hereby releases Landlord and its partners and officers from,
any and all liability, whether in contract, tort or any other basis, for any injury to or any damage sustained by Tenant, its agents, employees, contractors or invitees; any damage to Tenant’s property; or any loss to Tenant’s business,
loss of Tenant’s profits or other financial loss of Tenant resulting from or attributable to the condition of, the management of, the maintenance of, or the protection of the Leased Premises, the Building, the Project or the Common Areas,
including, without limitation, any such injury, damage or loss resulting from (i) the failure, interruption, rationing or other curtailment or cessation in the supply of electricity, water, gas or other utility service to the Project, the
Building or the Leased Premises; (ii) the vandalism or forcible entry into the Building or the Leased Premises; (iii) the penetration of water into or onto any portion of the Leased Premises through roof leaks or otherwise; (iv) the
failure to provide security and/or adequate lighting in or about the Project, the Building or the Leased Premises; (v) the existence of any design or construction defects within the Project, the Building or the Leased Premises; (vi) the
failure of any mechanical systems to function properly (such as the HVAC systems); or (vii) the blockage of access to any portion of the Project, the Building or the Leased Premises, except to the extent such damage was proximately caused by
Landlord’s active negligence, willful misconduct, or Landlord’s failure to perform an obligation expressly undertaken pursuant to this Lease but only if Tenant shall have given Landlord prior written notice to perform such obligation and
Landlord shall have failed to perform such obligation within a reasonable period of time following receipt of written notice from Tenant to so perform such obligation. In this regard, Tenant acknowledges that it is fully apprised of the provisions
of Law relating to releases, and particularly to those provisions contained in Section 1542 of the California Civil Code, which read as follows: 

 “A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially
affected his settlement with the debtor.” 
 Notwithstanding such statutory provision, and for the purpose of implementing a
full and complete release and discharge, Tenant hereby (i) waives the benefit of such statutory provision and (ii) acknowledges that, subject to the exceptions specifically set forth herein, the release and discharge set forth in this
Paragraph is a full and complete settlement and release and discharge of all claims and is intended to include in its effect, without limitation, all claims which Tenant, as of the date hereof, does not know of our suspect to exist in its favor.

  

	8.2	TENANT’S INDEMNIFICATION OF LANDLORD: Tenant shall defend, with counsel satisfactory to Landlord, any claims made or legal actions filed or threatened by third
parties against Landlord with respect to the death, bodily injury, personal injury, damage to property or interference with contractual or property rights suffered by any third party (including other tenants within the Project) which
(i) occurred within the Leased Premises or (ii) resulted from Tenant’s use or occupancy of the Leased Premises or the Common Areas or (iii) resulted from Tenant’s activities in or about the Leased Premises, the Building or
the Project, and Tenant shall indemnify and hold Landlord, Landlord’s principals, employees and agents harmless from any loss, including loss of rents by reason of vacant space which otherwise would have been leased but for such activities,
liability, penalties, or expense whatsoever (including any legal fees incurred by Landlord with respect to defending such claims) resulting therefrom, except to the extent proximately caused by the active negligence or willful misconduct of
Landlord. This indemnity agreement shall survive until the latter to occur of (i) the date of the expiration, or sooner termination, of this Lease, or (ii) the date Tenant actually vacates the Leased Premises. Notwithstanding the
foregoing, Tenant shall be under no duty to indemnify and hold Landlord harmless, nor defend Landlord, against any liability, claims, or damages arising because of Landlord’s failure to make any repairs required by this Lease or to take any
action required by this Lease or to take any action required of Landlord by this Lease, provided that the Landlord has been properly notified by Tenant of the required repair or action. The term “properly notified” shall mean notice as
prescribed in Paragraph 13.10 of this Lease. 

  

					
		 	15	 	Initial
                                      
      

 ARTICLE 9 
 INSURANCE 
  

	9.1	TENANT’S INSURANCE: Tenant shall maintain insurance complying with all of the following: 

 

	 	A.	Tenant shall procure pay for and keep in full force and effect, at all times during the Lease Term, the following: 

 

	 	(1)	Comprehensive general liability insurance insuring Tenant against liability for personal injury, bodily injury, death and damage to property occurring within the Leased
Premises, or resulting from Tenant’s use or occupancy of the Leased Premises or the Common Areas, or resulting from Tenant’s activities in or about the Leased Premises, with combined single limit coverage of not less than the amount of
Tenant’s Required Liability Coverage (as set forth in Article 1), which insurance shall contain a “broad form liability” endorsement insuring Tenant’s performance of Tenant’s obligation to indemnify Landlord as contained in
Article 8.2. 

  

	 	(2)	Fire and property damage insurance in so-called “fire and extended coverage” form insuring Tenant against loss from physical damage to Tenant’s personal
property, inventory, trade fixtures and improvements within the Leased Premises with coverage for the full actual replacement cost thereof: 

  

	 	(3)	Pressure vessel insurance, if applicable; 

  

	 	(4)	Product liability insurance (including, without limitation, if food and/or beverages are distributed, sold and/or consumed within the Leased Premises, to the extent
obtainable, coverage for liability arising out of the distribution, sale or consumption of food and/or beverages (including alcoholic beverages, if applicable) at the Leased Premises) for not less than Tenant’s Required Liability Coverage (as
set forth in Article 1); 

  

	 	(5)	Workers’ compensation insurance and any other employee benefit insurance sufficient to comply with all Laws; and 

 

	 	(6)	With respect to making of alterations or the construction of improvements or the like undertaken by Tenant, contingent liability and builder’s risk insurance, in
an amount and with coverage satisfactory to Landlord. 

  

	 	B.	Each policy of liability insurance required to be carried by Tenant pursuant to this Paragraph or actually carried by Tenant with respect to the Leased Premises
(i) shall, except with respect to insurance required by Subparagraph A (6) above, name Landlord, and such others as are designated by Landlord, as additional insured; (ii) shall be primary insurance providing that the insurer shall be
liable for the full amount of the loss, up to and including the total amount of liability set forth in the declaration of coverage, without the right of contribution from or prior payment by any other insurance coverage of Landlord; (iii) shall
be in a form satisfactory to Landlord; (iv) shall be carried with companies reasonably acceptable to Landlord; (v) shall provide that such policy shall not be subject to cancellation, lapse or change except after at least thirty days prior
written notice to Landlord; and (vi) shall contain a so-called “severability” or “cross liability” endorsement. Each policy of property insurance maintained by tenant with respect to the Leased Premises or any property
therein (i) shall provide that such policy shall not be subject to cancellation, lapse or change except after at least thirty days prior written notice to Landlord and (ii) shall contain a waiver and/or a permission to waive by the insurer
of any right of subrogation against Landlord, its principals, employees, agents and contractors, which might arise by reason of any payment under such policy or by reason of any act or omission of Landlord, its principals, employees, agents or
contractors. 

  

					
		 	16	 	Initial
                                      
      

	 	C.	Prior to the time Tenant or any of its contractors enters the Leased Premises, Tenant shall deliver to the Landlord, with respect to each policy of insurance required
to be carried by Tenant pursuant to this Article, a copy of such policy (appropriately authenticated by the insurer as having been issued, premium paid, providing the coverage required by this Paragraph and containing the provisions specified
herein. With respect to each renewal or replacement of any such insurance, the requirements of this Paragraph must be complied with not less than thirty days prior to the expiration or cancellation of the policy being renewed or replaced. Landlord
may, at any time and from time to time, inspect and/or copy any and all insurance policies required to be carried by Tenant pursuant to this Article. If Landlord’s Lender, insurance broker or advisor or counsel reasonably determines at any time
that the amount of coverage set forth in Paragraph 9.1A for any policy of insurance Tenant is required to carry pursuant to this Article is not adequate, then Tenant shall increase the amount of coverage for such insurance to such greater amount as
Landlord’s Lender, insurance broker or advisor or counsel reasonably deems adequate; provided, however, such increased level of coverage may not exceed the level of coverage for such insurance commonly carried by comparable businesses similarly
situated and operating under similar circumstances. 

  

	9.2	LANDLORD’S INSURANCE: With respect to insurance maintained by Landlord: 

 

	 	A.	Landlord shall maintain, as the minimum coverage required of it by this Lease, fire and property damage insurance in so-called “fire and extended coverage”
form insuring Landlord (and such others as Landlord may designate) against loss from physical damage to the Building with coverage of not less than ninety percent of the full actual replacement cost thereof and against loss of rents for a period of
not less than six months. Such fire and property damage insurance, at Landlord’s election but without any requirement on Landlord’s behalf to do so, (i) may be written in so-called “all risk” form, excluding only those
perils commonly excluded from such coverage by Landlord’s then property damage insurer; (ii) may provide coverage for physical damage to the improvements so insured for up to the entire full actual replacement cost thereof; (iii) may
be endorsed to cover loss or damage caused by any additional perils against which Landlord may elect to insure, including earthquake and/or flood; (iv) may provide coverage for loss of rents for a period of up to twelve months; and (v) may
contain “deductibles” not exceeding One Thousand Dollars per occurrence (or up to five percent of the Building’s replacement value in the case of earthquake and/or flood insurance). Landlord shall not be required to cause such
insurance to cover any of Tenant’s personal property, inventory and trade fixtures, or any modifications, alterations or improvements made or constructed by Tenant to or within the Leased Premises. 

 

	 	B.	Landlord shall maintain comprehensive general liability insurance insuring Landlord (and such others as are designated by Landlord) against liability for personal
injury, bodily injury, death, and damage to property occurring in, on or about, or resulting from the use or occupancy of the Project, or any portion thereof, with combined single limit coverage of at least Two Million Dollars. Landlord may carry
such greater coverage as Landlord or Landlord’s Lender, insurance broker or advisor or counsel may from time to time determine is reasonably necessary for the adequate protection of Landlord and the Project. 

 

	 	C.	Landlord may maintain any other insurance, which in the opinion of its insurance broker or advisor or legal counsel is prudent to carry under the given circumstances.

  

	9.3	MUTUAL WAIVER OF SUBROGATION: Landlord hereby releases Tenant, and Tenant hereby releases Landlord and its respective partners and officers, agents, employees and
servants, from any and all liability for loss, damage or injury to the property of the other in or about the Leased Premises which is caused by or results from a peril or event or happening which would be covered by insurance required to be carried
under the terms of this Lease, or is covered by insurance actually carried and in force at the time of the loss, by the party sustaining such loss; however, that such waiver shall be effective only to the extent permitted by the insurance covering
such loss and to the extent such insurance is not prejudiced thereby. 

  

					
		 	17	 	Initial
                                      
      

 ARTICLE 10 
 DAMAGE TO LEASED PREMISES 
  

	10.1	LANDLORD’S DUTY TO RESTORE: If the Leased Premises are damaged by any peril after the Effective Date of this Lease, Landlord shall restore the Leased Premises, as
and when required by this Paragraph, unless this Lease is terminated by Landlord pursuant to Paragraph 10.2 or by Tenant pursuant to Paragraph 10.3. All insurance proceeds available from the fire and property damage insurance carried by Landlord
shall be paid to and become the property of Landlord. If this Lease is terminated pursuant to either Paragraph 10.2 or 10.3, all insurance proceeds available from insurance carried by Tenant which cover loss to property that is Landlord’s
property or would become Landlord’s property on termination of this Lease shall be paid to and become the property of Landlord, and the remainder of such proceeds shall be paid to and become the property of Tenant. If this Lease is not
terminated pursuant to either Paragraph 10.2 or 10.3, all insurance proceeds available from insurance carried by Tenant which cover loss to property that is Landlord’s property shall be paid to and become property of Landlord, and all proceeds
available which cover loss to property which would become the property of Landlord upon the termination of this Lease shall be paid to and remain the property of Tenant. If this Lease is not so terminated, then upon receipt of the insurance proceeds
(if the loss is covered by insurance) and the issuance of all necessary governmental permits, Landlord shall commence and diligently prosecute to completion the restoration of the Leased Premises, to the extent then allowed by Law, to substantially
the same condition in which the Leased Premises existed as of the Lease Commencement Date. Landlord’s obligation to restore shall be limited to the Leased Premises and interior improvements constructed by Landlord. Landlord shall have no
obligation to restore any other improvements to the Leased Premises or any of Tenant’s personal property, inventory, trade fixtures, and other improvements constructed by Tenant to like or similar condition as existed at the time of such damage
or destruction. 

  

	10.2	LANDLORD’S RIGHT TO TERMINATE: Landlord shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised only
by delivery to Tenant of a written notice of election to terminate within thirty days after the date of such damage or destruction: 

  

	 	A.	The Building is damaged by any peril covered by valid collectible insurance actually carried by Landlord and in force at the time of such damage or destruction (an
“insured peril”) to such an extent that the estimated cost to restore the Building exceeds the lesser of (i) the insurance proceeds available from insurance actually carried by Landlord, or (ii) seventy-five percent of the then
actual replacement cost thereof: 

  

	 	B.	The Building is damaged by an uninsured peril, which peril Landlord was required to insure against pursuant to the provisions of Article 9 of this Lease, to such an
extent that the estimated cost to restore the Building exceeds the lesser of (i) the insurance proceeds which would have been available had Landlord carried such required insurance, or (ii) seventy-five percent of the then actual
replacement cost thereof; 

  

	 	C.	The Building is damaged by an uninsured peril, which peril Landlord was not required to insure against pursuant to the provisions of Article 9 of this Lease, to any
extent. 

  

	 	D.	The Building is damaged by any peril and, because of the Laws then in force, (i) may not be restored at reasonable cost as required by Paragraph 10.1 above, or
(ii) may not be used for the same use being made thereof before such damage, whether or not restored as required by this Article. 

  

	10.3	TENANT’S RIGHT TO TERMINATE: If the Leased Premises are damaged by any peril and Landlord does not elect to terminate this Lease or is not entitled to terminate
this Lease pursuant to this Article, then as soon as reasonably practicable, Landlord shall furnish Tenant with the written opinion of Landlord’s architect or construction consultant as to when the restoration work required of Landlord may be
complete. Tenant shall have the option to terminate this Lease in the event any of the following occurs, which option may be exercised in the case of A or B below only by delivery to Landlord of a written notice of election to terminate within seven
days after Tenant receives from Landlord the estimate of the time needed to complete such restoration: 

  

	 	A.	The Leased Premises are damaged by any peril and, in the reasonable opinion of Landlord’s architect or construction consultant, the restoration of the Leases
Premises cannot be substantially completed within nine months after the date of such damage; or 

  

	 	B.	The Leased Premises are damaged by any peril within nine months of the last day of the Lease Term and, in the reasonable opinion of Landlord’s architect or
construction consultant, the restoration of the Leased Premises cannot be substantially completed within ninety days after the date such restoration is commenced; or 

  

					
		 	18	 	Initial
                                      
      

	 	C.	Landlord does not complete the restoration of the Leased Premises within nine months from the date of the damage, provided that such nine-month period of time shall be
extended for such number of days as Landlord may be delayed by reason of Force Majeure. 

  

	10.4	TENANT’S WAIVER: Landlord and Tenant agree that the provisions of Paragraph 10.3 above, captioned “Tenant’s Right to Terminate”, are intended to
supersede and replace the provisions contained in California Civil Code, Section 1932, Subdivision 2, and California Civil Code Section 1934, and accordingly, Tenant hereby waives the provisions of said Civil Code Sections and the
provisions of any successor Code Sections or similar Laws hereinafter enacted. 

  

	10.5	ABATEMENT OF RENT: In the event of damage to the Leased Premises, which does not result in the termination of this Lease, the Base Monthly Rent (and any Additional
Rent) shall be temporarily abated during the period of restoration in proportion to the degree to which Tenant’s use of the Leased Premises is impaired by such damage. 

ARTICLE 11 

CONDEMNATION 
  

	11.1	LANDLORD’S RIGHT TO TERMINATE: Subject to Paragraph 11.3, Landlord shall have the option to terminate this Lease if, as a result of a taking by means of the
exercise of the power of eminent domain (including inverse condemnation and/or voluntary sale or transfer by Landlord to an entity having the power of eminent domain under threat of condemnation), (i) all or any part of the Leased Premises is
so taken, (ii) more than thirty-three and one-third percent of the Building’s leasable area is so taken, (iii) more than thirty-three and one-third percent of the Common Area is so taken, or (iv) because of the Laws then in
force, the Leased Premises may not be used for the same use being made thereof before such taking, whether or not restored as required by Paragraph 11.4 below. Any such option to terminate by Landlord must be exercisable within a reasonable period
of time; to be effective as of the date of possession is taken by the condemner. 

  

	11.2	TENANT’S RIGHT TO TERMINATE: Subject to Paragraph 11.3, Tenant shall have the option to terminate this Lease, if, as a result of any taking by means of the
exercise of the power of eminent domain (including inverse condemnation and/or a voluntary sale or transfer by Landlord to an entity having the power of eminent domain under threat of condemnation), (i) all of the Leased Premises is so taken,
(ii) thirty-three and one-third percent or more of the Leased Premises is so taken and the part of the Leased Premises that remains cannot, within a reasonable period of time, be made reasonably suitable for the continued operation of the
Tenant’s business, or (iii) there is a taking of a portion of the Common Area and, as a result of such taking, Landlord cannot provide parking spaces within the Project (or within a reasonable distance therefrom) equal in number to at
least sixty-six and two-thirds percent of Tenant’s Number of Parking Spaces (as set forth in Article 1), whether by rearrangement of the remaining parking areas in the Common Area (including, if Landlord elects, construction of multi-deck
parking structures or re-striping for compact cars where permitted by Law), or by providing alternative parking facilities on other land within reasonable walking distance of the Leased Premises. Tenant must exercise such option within a reasonable
period of time, to be effective on the later to occur of (i) the date that possession of that portion of the Common Area or the Leased Premises that is condemned is taken by condemner or (ii) the date Tenant vacates the Leased Premises.

  

					
		 	19	 	Initial
                                      
      

	11.3	TEMPORARY TAKING: If any portion of the Leased Premises is temporarily taken for one year or less, this Lease shall remain in effect. If any portion of the Leased
Premises is temporarily taken for a period which either exceeds one year or which extends beyond the natural expiration of the Lease Term, then Landlord and Tenant shall each independently have the option to terminate this Lease, effective on the
date possession is taken by the condemner. 

  

	11.4	RESTORATION AND ABATEMENT OF RENT: If any part of the Leased Premises is taken by condemnation and this Lease is not terminated, then Landlord shall repair any damage
occasioned thereby to the remainder of the Leased Premises to a condition reasonably suitable for Tenant’s continued operations and otherwise, to the extent practicable, in the manner and to the extent provided in Paragraph 10.1. As of the date
possession is taken by the condemning authority, (i) the Base Monthly Rent shall be reduced in the same proportion that the area of that part of the Leased Premises so taken (less any addition to the area of the Leased Premises by reason of any
reconstruction) bears to the area of the Leased Premises immediately prior to such taking, and (ii) Tenant’s Proportionate Share shall be appropriately adjusted. 

 

	11.5	DIVISION OF CONDEMNATION AWARD: Any award made for any condemnation of the Project, the Building, the Common Areas or the Leased Premises, or any portion thereof, shall
belong to and be paid to Landlord, and Tenant hereby assigns to Landlord all of its right, title and interest in any such award; provided, however, that Tenant shall be entitled to receive any condemnation award that is made directly to Tenant
(i) for the taking of personal property, inventory or trade fixtures belonging to Tenant (ii) for the interruption of Tenant’s business or its moving costs, (iii) for loss of Tenant’s goodwill, or (iv) for any temporary
taking where this Lease is not terminated as a result of such taking. The rights of Landlord and Tenant regarding any condemnation shall be determined as provided in this Article, and each party hereby waives the provisions of Section 1265.130
of the California Code of Civil Procedure, and the provisions of any similar law hereinafter enacted, allowing either party to petition the Superior Court to terminate this Lease and/or allocating condemnation awards between Landlord and Tenant in
the event of a taking of the Leased Premises. 

 ARTICLE 12 

DEFAULTS AND REMEDIES 
  

	12.1	EVENTS OF TENANTS DEFAULTS: Tenant shall be in default of its obligations under this Lease if any of the following events occur: 

 

	 	A.	Tenant has failed to pay Base Monthly Rent or any Additional Rent within five (5) days after written notice from Landlord that it is due (provided, however, that
Landlord shall not be required to give more than two (2) such notices in any twelve (12) consecutive month period, after which Tenant shall be in default if it fails to pay any rent or other charge when due); or 

 

	 	B.	Tenant shall have done or permitted to have been done any act, use or thing in its use, occupancy or possession of the Leased Premises or in its use of the Common Areas
which is prohibited by the terms of this Lease and, within thirty (30) days after written notice from Landlord specifying the nature of the default with reasonable particularity has failed to cure such default (provided, however, that if the
default is of such a nature that it cannot be completely remedied within such thirty (30) day period, this provision shall be complied with if Tenant begins to cure the default within the thirty (30) day period and thereafter proceeds with
due diligence and in good faith to effect the cure as soon as practicable); or 

  

	 	C.	Tenant has failed to perform any other term or provision of this Lease within thirty (30) days after written notice from Landlord specifying the nature of the
default with reasonable particularity (provided, however, that if the default is of such a nature that it cannot be completely remedied within such thirty (30) day period, this provision shall be complied with if Tenant begins to cure the
default within the thirty (30) day period and thereafter proceeds with due diligence and in good faith to effect the cure as soon as practicable); or 

  

					
		 	20	 	Initial
                                      
      

	 	D.	Tenant shall have sublet the Leased Premises or assigned or encumbered its interest in this Lease in violation of the provisions contained in Article 7, whether
voluntarily or by operation of Law; or 

  

	 	E.	Tenant shall have abandoned the Leased Premises; or 

  

	 	F.	Tenant or any Guarantor of this Lease shall have permitted or suffered the sequestration or attachment of, or execution on, or the appointment of a custodian or
receiver with respect to, all or any substantial part of the property or assets of Tenant (or such Guarantor) or any property or asset essential to the conduct of Tenant’s (or such Guarantor’s) business, and Tenant (or such Guarantor)
shall have failed to obtain return or release of the same within thirty days thereafter, or prior to sale pursuant to such sequestration, attachment or levy, whichever is earlier; or 

 

	 	G.	Tenant or any Guarantor of this Lease shall have made a general assignment of all or a substantial part of its assets for the benefit of creditors; or

  

	 	H.	Tenant or any Guarantor of this Lease shall have allowed (or sought) to have entered against it a decree or order which: (i) grants or constitutes an order for
relief, appointment of a trustee, or confirmation of a reorganization plan under the bankruptcy laws of the United States; (ii) approves as properly filed a petition seeking liquidation or reorganization under said bankruptcy laws or any other
debtor’s relief law or similar statute of the United States or any state thereof; or (iii) otherwise directs the winding up or liquidation of Tenant; provided, however, if any decree or order was entered without Tenant’s consent or
over Tenant’s objection, Landlord may not terminate this Lease pursuant to this Subparagraph if such decree or order is rescinded or reversed within thirty days after its original entry. 

 

	 	I.	Tenant or any Guarantor of this Lease shall have availed itself of the protection of any debtor’s relief law, moratorium law or other similar Law which does not
require the prior entry of a decree or order. 

  

	12.2	LANDLORD’S REMEDIES: In the event of any default by Tenant, and without limiting Landlord’s right to indemnification as provided in Article 8.2, Landlord
shall have the following remedies, in addition to all other rights and remedies provided by Law or otherwise provided in this Lease, to which Landlord may resort cumulatively, or in the alternative: 

 

	 	A.	Landlord may, at Landlord’s election, keep this Lease in effect and enforce, by an action at law or in equity, all of its rights and remedies under this Lease
including, without limitation, (i) the right to recover the rent and other sums as they become due by appropriate legal action, (ii) the right to make payments required of Tenant, or perform Tenant’s obligations and be reimbursed by
Tenant for the cost thereof with interest at the then maximum rate of interest not prohibited by Law from the date the sum is paid by Landlord until Landlord is reimbursed by Tenant, and (iii) the remedies of injunctive relief and specific
performance to prevent Tenant from violating the terms of this Lease and/or to compel Tenant to perform its obligations under this Lease, as the case may be. 

 

	 	B.	Landlord may, at Landlord’s election, terminate this Lease by giving Tenant written notice of termination in which event this Lease shall terminate on the date set
forth for termination in such notice. Any termination under this Subparagraph shall not relieve Tenant from its obligation to pay Landlord all Base Monthly Rent or Additional Rent then or thereafter due, or any other sums due or thereafter accruing
to Landlord, or from any claim against Tenant for damages previously accrued or then or thereafter accruing. In no event shall any one or more of the following actions by Landlord, in the absence of a written election by Landlord to terminate this
Lease, constitute a termination of this Lease: 

  

	 	(1)	Appointment of a receiver of keeper in order to protect Landlord’s interest hereunder; 

 

	 	(2)	Consent to any subletting of the Leased Premises or assignment of this Lease by Tenant, whether pursuant to the provisions hereof or otherwise; or

  

					
		 	21	 	Initial
                                      
      

	 	(3)	Any other action by Landlord or Landlord’s agents intended to mitigate the adverse effects of any breach of this Lease by Tenant, including, without limitation,
any action taken to maintain and preserve the Leased Premises or any action taken to re-let the Leased Premises, or any portion thereof, for the account of Tenant and in the name of Tenant. 

 

	 	C.	In the event Tenant breaches this Lease and abandons the Leased Premises, Landlord may terminate this Lease, but his Lease shall not terminate unless Landlord gives
Tenant written notice of termination. No act by or on behalf of Landlord intended to mitigate the adverse effect of such breach, including those described by Subparagraph B (1), (2) and (3) immediately preceding, shall constitute a
termination of Tenant’s right to possession unless Landlord gives Tenant written notice of termination. If Landlord does not terminate this Lease by giving written notice of termination, Landlord may enforce all its rights and remedies under
this Lease, including the right to recover rent as it becomes due under this Lease as provided in California Civil Code Section 1951.4, as in effect on the Effective Date of this Lease. 

 

	 	D.	In the event Landlord terminates this Lease, Landlord shall be entitled, at Landlord’s election, to damages in an amount as set forth in California Civil Code
Section 1951.2, as in effect on the Effective Date of this Lease. For purposes of computing damages pursuant to said Section 1951.2, an interest rate equal to the maximum rate of interest then not prohibited by Law shall be used where
permitted. Such damages shall include, without limitation: 

  

	 	(1)	The worth at the time of award of the amount by which the unpaid rent for the balance of the term after the time of award exceeds the amount of such loss that Tenant
proves could be reasonably avoided, computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus one percent: and 

 

	 	(2)	Any other amount necessary to compensate Landlord for all detriment proximately caused by Tenant’s failure to perform Tenant’s obligations under this Lease,
or which in the ordinary course of things would be likely to result therefrom, including, without limitation, the following: (i) expenses for cleaning, repairing or restoring the Leased Premises; (ii) expenses for altering, remodeling or
otherwise improving the Leased Premises for the purpose of re-letting, including removal of existing leasehold improvements and/or installation of additional leasehold improvements (regardless of how the same is funded, including reduction of rent,
a direct payment or allowance to a new tenant, or otherwise); (iii) broker’s fees, advertising costs and other expenses of re-letting the Leased Premises; (iv) costs of carrying the Leased Premises, such as taxes, insurance premiums,
utility charges and security precautions; (v) expenses incurred in removing, disposing of and/or storing any of Tenant’s personal property, inventory or trade fixtures remaining therein; (vi) attorney’s fees, expert witness fees,
court costs and other reasonable expenses incurred by Landlord (nut not limited to taxable costs) in retaking possession of the Leased Premises, establishing damages hereunder, and re-leasing the Leased Premises; and (vii) any other expenses,
costs or damages otherwise incurred or suffered as a result of Tenant’s default. 

  

	12.3	LANDLORD’S DEFAULT AND TENANT’S REMEDIES: In the event Landlord fails to perform any of its obligations under this Lease, Landlord shall nevertheless not be
in default under the terms of this Lease until such time as Tenant shall have first given Landlord written notice specifying the nature of such failure to perform its obligations, and then only after Landlord shall have had a reasonable period of
time following its receipt of such notice within which to perform such obligations. In the event of Landlord’s default as above set forth, then, and only then, Tenant shall have the following remedies only: 

 

	 	A.	Tenant may then proceed in equity or at law to compel Landlord to perform its obligations and/or recover damages proximately caused by such failure to perform (except
as and to the extent Tenant has waived its right to damages as provided in this Lease). 

  

	 	B.	Tenant, at its option, may then cure any default of Landlord at Landlord’s cost. If, pursuant to this Subparagraph, Tenant reasonably pays any sum to any third
party or does any act that requires the payment of any sum to any third party at any time by reason of Landlord’s default, the sum paid by Tenant shall be immediately due from Landlord to Tenant at the time Tenant supplies Landlord with an
invoice therefore (provided such invoice sets forth and is accompanied by a written statement of Tenant setting forth in reasonable detail the amount paid, the party to whom it was paid, the date it was paid, and the reasons giving rise to such
payment), together with interest at twelve percent per annum from the date of such invoice until Tenant is reimbursed by Landlord. 

  

					
		 	22	 	Initial
                                      
      

	12.4	LIMITATION ON TENANT’S RECOURSE: If Landlord is a corporation, trust, partnership, joint venture, unincorporated association, or other form of business entity,
Tenant agrees that (i) the obligations of Landlord under this Lease shall not constitute personal obligations of the officers, directors, trustees, partners, joint venturers, members, owners, stockholders, or other principals of such business
entity and (ii) Tenant shall have recourse only to the assets of such business entity for the satisfaction of such obligations and not against the assets of such officers, directors, trustees, partners, joint venturers, members, owners,
stockholders or principals (other than to the extent of their interest in the assets owned by such business entity). Additionally, if Landlord is a partnership, then Tenant covenants and agrees: 

 

	 	A.	No partner of Landlord shall be sued or named as a part in any suit or action brought by Tenant with respect to any alleged breach of this Lease (except to the extent
necessary to secure jurisdiction over the partnership and then only of that sole purpose); 

  

	 	B.	No service of process shall be made against any partner of Landlord except for the sole purpose of securing jurisdiction over the partnership; and

  

	 	C.	No writ of execution will ever be levied against the assets of any partner of Landlord other than to the extent of his interest in the assets of the partnership. Tenant
further agrees that each of the foregoing covenants and agreements shall be enforceable by Landlord and by any partner of Landlord and shall be applicable to any actual or alleged misrepresentation or nondisclosure made respecting this Lease or the
Leased Premises or any actual or alleged failure, default or breach of any covenant or agreement either expressly or implicitly contained in this Lease or imposed by statute or at common law. 

 

	12.5	TENANT’S WAIVER: Landlord and Tenant agree that the provisions of Paragraph 12.3 above are intended to supercede and replace the provisions of California Civil
Code 1932. (1), 1941 and 1942, and accordingly, Tenant hereby waives the provisions of Section 1932(1), 1941 and 1942 of the California Civil Code and/or any similar or successor Law regarding Tenant’s right to terminate this Lease or to
make repairs and deduct the expenses of such repair from the rent due under this Lease. Tenant hereby waives any right of redemption or relief from forfeiture under the Laws of the State of California, or under any other present or future Law, in
the event Tenant is evicted or Landlord takes possession of the Leased Premises by reason of any default by Tenant. 

 ARTICLE 13 
 GENERAL PROVISIONS 

 

	13.1	TAXES ON TENANT’S PROPERTY: Tenant shall pay before delinquency any and all taxes, assessments, license fees, use fees and public charges of whatever nature or
description levied, assessed or imposed against Tenant or Tenant’s estate in this Lease or Tenant’s property or improvements made by Tenant to the Leased Premises. Tenant shall pay before delinquency and all taxes, assessments, license
fees, use fees and public charges of whatever nature or description levied, assessed or imposed by a governmental agency against Landlord by reason of or based upon Tenant’s use of public facilities or services, or Tenant’s consumption of
public utilities, energy, water or other resources which become due during the Lease Term. On demand by Landlord, Tenant shall furnish Landlord with satisfactory evidence of these payments. If any such taxes, assessments, fees or public charges are
levied against Landlord, Landlord’s property, the Building or the Project, or if the assessed value of the Building or the Project is increased by the inclusion therein of a value placed upon same, then Landlord, after giving written notice to
Tenant, shall have the right, regardless of the validity thereof, to pay such taxes, assessment, fee or public charge and bill Tenant, as Additionally Rent, the amount of such taxes, assessment, fee or public charge so paid on Tenant’s behalf.
Tenant shall, within ten days from the date it receives an invoice from Landlord setting forth the amount of such taxes, assessment, fee or public charge so levied, pay to Landlord, as Additional Rent, the amount set forth in said invoice. Failure
by Tenant to pay the amount so invoiced within said ten-day period shall be conclusively deemed a default by Tenant under this Lease. Tenant shall have the right, and with Landlord’s full cooperation if Tenant is not then in default under the
terms of this Lease, to bring suit in any court of competent jurisdiction to recover from the taxing authority the amount of any such taxes, assessment, fee or public charge so paid. 

  

					
		 	23	 	Initial
                                      
      

	13.2	HOLDING OVER: This Lease shall terminate without further notice on the Leased Expiration Date (as set forth in Article 1). Any holding over by Tenant after expiration
of the Lease Term shall neither constitute a renewal or extension of this Lease nor give Tenant any rights in or to the Leased Premises except as expressly provided in this Paragraph. Any such holding over shall be deemed an unlawful detainer or the
Leased Premises unless Landlord has consented to same. Any such holding over to which Landlord has consented shall be construed to be a tenancy from month to month, on the same terms and conditions herein specified insofar as applicable, except that
the Base Monthly Rent shall be increased to an amount equal to one hundred ten percent of the Base Monthly Rent payable during the last full month immediately preceding such holding over. 

 

	13.3	SUBORDINATION TO MORTGAGES: This Lease is subject and subordinate to all underlying ground leases and to all mortgages and deeds of trust which affect the Building and
are of public record as of the Effective Date of this Lease, and to all renewals, modifications, consolidation, replacements and extensions thereof. However, if the lessor under any such ground lease or any Lender holding any such mortgage or deed
of trust shall advise landlord that it desires or requires this Lease to be made prior and superior thereto, then, upon written request of Landlord to Tenant, Tenant shall promptly execute, acknowledge and deliver any and all documents or
instruments which Landlord and such lessor or Lender deem necessary or desirable to make this Lease prior thereto. Tenant hereby consents to Landlord’s ground leasing the land underlying the Building and/or encumbering the Building as security
for future loans on such terms as Landlord shall desire, all of which future ground leases, mortgages or deeds of trust shall be subject and subordinate to this Lease. However, if any lessor under any such future ground lease or any Lender holding
such future mortgage or deed of trust shall desire or require that this Lease be made subject and subordinate to such future ground lease, mortgage or deed of trust, then Tenant agrees, within ten days after Landlord’s written request
therefore, to execute, acknowledge and deliver to Landlord any and all documents or instruments requested by Landlord or such lessor or Lender as may be necessary or proper to assure the subordination of this Lease to such future ground lease,
mortgage or deed of trust; but only if such lessor or Lender agrees to recognize Tenant’s rights under this Lease and not to disturb Tenant’s quiet possession of the Leased Premises so long as Tenant is not in default under this Lease.

  

	13.4	TENANT’S ATTORNMENT UPON FORECLOSURE: Tenant shall, upon request, attorn (i) to any purchaser of the Building, (ii) to any grantee or transferee
designated in any deed given in lieu of foreclosure of any security interest encumbering the Building, or (iii) to the lessor under any underlying ground lease of the land underlying the Building, should such ground lease be terminated;
provided that such purchaser, grantee or lessor recognizes Tenant’s rights under this Lease. 

  

	13.5	MORTGAGEE PROTECTION: In the event of any default on the part of Landlord, Tenant will give notice by certified mail to any Lender or lessor under any underlying ground
lease who shall have requested, in writing, to Tenant that it be provided with such notice, and Tenant shall offer such Lender or lessor a reasonable opportunity to cure the default, including time to maintain possession of the Lease Premises by
power of sale or judicial foreclosure or other appropriate legal proceedings as reasonably necessary to effect a cure. 

  

					
		 	24	 	Initial
                                      
      

	13.6	ESTOPPEL CERTIFICATES: Tenant will, following any request by Landlord, promptly execute and deliver to Landlord an estoppel certificate (i) certifying that this
Lease is unmodified and in full force and effect, or, if modified, stating the nature of such modification and certifying that this Lease, as so modified, is in full force and effect, (ii) stating the date to which the rent and other charges
are paid in advance, if any, (iii) acknowledging that there are not, to Tenant’s knowledge, any uncured defaults on the part of the Landlord hereunder, or specifying such defaults if any are claimed, and (iv) certifying such other
information about this Lease as may be reasonably requested by Landlord. Tenant’s failure to execute and deliver such estoppel certificate within ten days after Landlord’s request therefore shall be material default by Tenant under this
Lease, and Landlord shall have all of the rights and remedies available to Landlord as Landlord would otherwise have in the case of any other material default by Tenant, including the right to terminate this Lease and sue for damages proximately
caused thereby it being agreed and understood by Tenant that Tenant’s failure to so deliver such estoppel certificate in a timely manner could result in Landlord being unable to perform committed obligations to other third parties which were
made by landlord in reliance upon this covenant of Tenant. Landlord and Tenant intend that any statement delivered pursuant to this Paragraph may be relied upon by any Lender or purchaser or prospective Lender or purchaser of the Building, the
Project, or any interest therein. 

  

	13.7	TRANSFER BY LANDLORD: Landlord and its successor in interest shall have the right to transfer their interest in the Building, Project, or any portion thereof at any
time and to any person or entity. In the event of any such transfer, the Landlord originally named herein (and in the case of any subsequent transfer, the transferor), from the date of such transfer, (i) shall be automatically relieved without
any further act by any person or entity, of all liability for the performance of the obligations of the Landlord hereunder which may accrue after the date of such transfer and (ii) shall be relieved of all liability for the performance of the
obligations of the Landlord hereunder which have accrued before the date of transfer if its transferee agrees to assume and perform all such prior obligations of the Landlord hereunder. Tenant shall attorn to any such transferee. After the date of
any such transfer, the term “Landlord” as used herein shall mean the transferee of such interest in the Building or the Project. 

  

	13.8	FORCE MAJEURE: The obligations of each of the parties under this Lease (other than the obligation to pay money) shall be temporarily excused if such party is prevented
or delayed in performing such obligation by reason of any strikes, lockouts or labor disputes; inability to obtain labor, materials, fuels or reasonable substitutes therefore; governmental restrictions, regulations, controls, action or inaction;
civil commotion; inclement weather, fire or other acts of God; or other causes (except financial inability) beyond the reasonable control of the party obligated to perform (including acts or omissions of the other party) for a period equal to the
period of any such prevention, delay or stoppage. 

  

	13.9	NOTICES: Any notice required or desired to be given by a party regarding this Lease shall be in writing and shall be personally served, or in lieu of personal service
may be given by depositing such notice in the United States mail, certified, postage prepaid, addressed to the other party as follows: 

  

	 	A.	If addressed to Landlord, to Landlord at its Address for Notices (as set forth in Article 1) 

 

	 	B.	If addressed to Tenant, to Tenant at its Address for Notices (as set forth in Article 1). Any notice given by certified mail shall be deemed given on the date receipt
was acknowledged to the postal authorities. Any notice given by mail other than certified mail shall be deemed given only if received by the other party, and then on the date of receipt. Each party may, by written notice to the other in the manner
aforesaid, change the address to which notices addressed to it shall thereafter be mailed. 

  

	13.10	ATTORNEYS’ FEES: In the event any party shall bring any action, arbitration proceeding or legal proceeding alleging a breach of any provision of this Lease, to
recover rent, to terminate this Lease, or to enforce, protect, determine or establish any term or covenant of this Lease or rights or duties hereunder of either party, the prevailing party shall be entitled to recover from the non-prevailing party
as a part of such action or proceeding, or in a separate action for that purpose brought within one year from the determination of such proceeding, reasonable attorney’s fees, expert witness fees, court costs and other reasonable expenses
incurred by the prevailing party. In the event that Landlord shall be required to retain counsel to enforce any provision of this Lease, and if Tenant shall thereafter cure (or desire to cure) such default, Landlord shall be conclusively deemed the
prevailing party and Tenant shall pay to Landlord all attorneys’ fees, expert witness fees, court costs and other reasonable expenses so incurred by Landlord promptly upon demand. Landlord may enforce this provision by either (i) requiring
Tenant to pay such fees and costs as a condition to curing its default or (ii) bringing a separate action to enforce such payment, it being agreed by and between Landlord and Tenant that Tenant’s failure to pay such fees and costs upon
demand shall constitute a breach of this Lease in the same manner as a failure by Tenant to pay the Base Monthly Rent, giving Landlord the same rights and remedies as if Tenant failed to pay the Base Monthly Rent. 

  

					
		 	25	 	Initial
                                      
      

	13.11	DEFINITIONS: Any term that is given a special meaning by any provisions in this Lease shall, unless otherwise specifically stated, have such meaning whenever used in
this Lease in any addendum or amendment hereto. In addition to the terms defined in Article 1, the following terms shall have the following meanings: 

  

	 	A.	REAL PROPERTY TAXES: The terms “real Property Tax” and “Real Property Taxes” shall each mean (i) all taxes, assessments, levies and other
charges of any kind or nature whatsoever, general and special, foreseen and unforeseen (including all installments of principal and interest required to pay any general or special assessments for public improvements and any increases resulting from
reassessments caused by any change in ownership or new construction), now or hereafter imposed by any governmental or quasi-governmental authority or special district having the direct or indirect power to tax or levy assessments, which are levied
or assessed for whatever reason against the Project or any portion thereof, or Landlord’s interest therein, or the fixtures, equipment and other property of Landlord that is an integral part of the Project and located thereon, or
Landlord’s business of owing, leasing or managing the Project or the gross receipts, income or rentals from the Project; (ii) all charges, levies or fees imposed by any governmental authority against Landlord by reason of or based upon the
use of or number of parking spaces within the Project, the amount of public services or public utilities used or consumed (e.g. water, gas, electricity, sewage or surface water disposal) at the Project, the number of persons employed by tenants of
the Project, the size (whether measured in area, volume, number of tenants or whatever) or the value of the Project, or the type of use or uses conducted within the Project; and (iii) all costs and fees (including attorneys’ fees) incurred
by Landlord in contesting any Real Property Tax and in negotiating with public authorities as to any Real Property Tax. If, at any time during the Lease Term, the taxation or assessment of the Project prevailing as of the Effective Date of this
Lease shall be altered so that in lieu of or in addition to any Real Property Tax described above there shall be levied, assessed or imposed (whether by reason of a change in the method of taxation or assessment, creation of a new tax or charge, or
any other cause) and alternate, substitute, or additional tax or charge (i) on the value, size, use or occupancy of the Project or Landlord’s interest therein or (ii) on or measured by the gross receipts, income or rentals from the
Project, or on Landlord’s business of owning, leasing or managing the Project or (iii) computed in any manner with respect to the operation of the Project, then any such tax or charge, however designated, shall be included within the
meaning of the terms “Real Property Tax” or “Real Property Taxes” for purposes of this Lease. If any Real Property Tax is partly based upon property or rents unrelated to the Project, then only that part of such Real Property Tax
that is fairly allocable to the Project shall be included within the meaning of the terms “Real Property Tax” or “Real Property Taxes”. Notwithstanding the foregoing, the terms “Real Property Tax” or “Real Property
Taxes” shall not include estate, inheritance, transfer, gift or franchise taxes of Landlord or the federal or state income tax imposed on Landlord’s income from all sources. 

 

	 	B.	LANDLORD’S INSURANCE COSTS: The term “Landlord’s Insurance Costs” shall mean the costs to Landlord to carry and maintain the policies of fire and
property damage insurance for the Project and general liability insurance required, or permitted, to be carried by Landlord pursuant to Article 9, together with any deductible amounts paid by Landlord upon the occurrence of any insured casualty or
loss. 

  

	 	C.	READY FOR OCCUPANCY: The term “Ready for Occupancy” shall mean the date upon which (i) the Leased Premises are suitable for Tenants occupancy in a broom
clean condition and (ii) the improvements, if any, to be made to the Leased Premises by Landlord as a condition to Tenant’s obligation to accept possession of the Leased Premises have been substantially completed and the appropriate
governmental building department (i.e. the City building department, if the Project is located within a City, or otherwise the County building department) shall have approved the construction of the improvements as complete or is willing to so
approve the construction of the improvements as complete subject only to compliance with specified conditions which are the responsibility of Tenant to satisfy. 

  

					
		 	26	 	Initial
                                      
      

	 	D.	TENANT’S PROPORTIONATE SHARE: The terms “Tenant’s Proportionate Share” and Tenant’s Share” as used with respect to an item pertaining to
the Building, shall each mean that percentage obtained by dividing the leasable square footage contained within the Leased Premises (as set forth in Article 1) by the total leasable square footage contained within the Building as the same from time
to time exists or, as used with respect to an item pertaining to the Project, shall each mean that percentage obtained by dividing the leasable square footage contained within the Leased Premises (as set forth in Article 1) by the total leasable
square footage contained within the Project as the same from time to time exists, unless, as to any given item, such a percentage allocation unfairly burdens or benefits a given tenant(s), in which case Landlord shall have the exclusive right to
equitably allocate such item so as to not unfairly burden or benefit a given tenant(s). Landlord’s determination of any such special allocation shall be final and binding upon Tenant unless made in bad faith. 

 

	 	E.	BUILDINGS PROPORTIONATE SHARE: The terms “Building’s Proportionate Share” and “Building’s Share” shall each mean that percentage which is
obtained by dividing the leasable square footage contained within the Building by the leasable square footage contained with all buildings located within the Project, unless, as to any given item, such a percentage allocation unfairly burdens or
benefits a given building(s), in which case Landlord shall have the exclusive right to equitably allocate such item so as to not unfairly burden or benefit any given building(s). Landlord’s determination of any such special allocation shall be
final and binding upon Tenant unless made in bad faith. 

  

	 	F.	LAW: The term “Law” shall mean any judicial decision and any statute, constitution, ordinance, resolution, regulation, rule, administrative order, or other
requirement of any municipal, county, state, federal, or other governmental agency or authority having jurisdiction over the parties to this Lease, the Leased Premises, the Building or the Project, or any of them in effect either at the Effective
Date of this Lease or at any time during the Lease Term, including, without limitation, any regulation, order, or policy of any quasi-official entity or body (e.g. a board of fire examiners or a public utility or special district).

  

	 	G.	LENDER: The term “Lender” shall mean any beneficiary, mortgagee, secured party, or other holder of any deed of trust, mortgage or other written security
device or agreement affecting the Project, and the note or other obligations secured by it. 

  

	 	H.	PRIVATE RESTRICTIONS: The term “Private Restrictions” shall mean all recorded covenants, conditions and restrictions, private agreements, easements, and any
other recorded instruments affecting the use of the Project, as they may exist from time to time. 

  

	 	I.	RENT: The term “rent” shall mean collectively Base Monthly Rent and all Additional Rent. 

 

	13.12	GENERAL WAIVERS: One party’s consent to or approval of any act by the other party requiring the first party’s consent or approval shall not be deemed to waive
or render unnecessary the first party’s consent to or approval of any subsequent similar act by the other party. No waiver of any provision hereof or any breach of any provision hereof shall be effective unless in writing and signed by the
waiving party. The receipt by Landlord of any rent or payment with or without knowledge of the breach of any other provision hereof shall not be deemed a waiver of any such breach. No waiver of any provision of this Lease shall be deemed a
continuing waiver unless such a waiver specifically states so in writing and is signed by both Landlord and Tenant. No delay or omission in the exercise of any right or remedy accruing to either party upon any breach by the other party under this
Lease shall impair such right or remedy or be construed as a waiver of any such breach theretofore or thereafter occurring. The waiver by either party of any breach of any provision of this Lease shall not be deemed to be a waiver of any subsequent
breach of the same or any other provisions herein contained. 

  

					
		 	27	 	Initial
                                      
      

	13.13	MISCELLANEOUS: Should any provision of this Lease prove to be invalid or illegal, such invalidity or illegality shall in no way affect, impair or invalidate any other
provision hereof, and such remaining provisions shall remain in full force and effect. Time is of the essence with respect to the performance of every provision of this Lease in which time of performance is a factor. Any copy of this Lease, which is
executed by the parties, shall be deemed an original for all purposes. This Lease shall, subject to the provisions regarding assignment, apply to and bind the respective heirs, successors, executors, administrators and assigns of Landlord and
Tenant. The term “party” shall mean Landlord or Tenant as the context implies. If Tenant consists of more than one person or entity, then all members of Tenant shall be jointly and severally liable hereunder. This Lease shall be construed
and enforced in accordance with the Laws of the State of California. The language in all parts of this Lease shall in all cases be construed as a whole according to its fair meaning, and not strictly for or against either Landlord or Tenant. The
captions used in this Lease are for convenience only and shall not be considered in the construction or interpretation of any provision hereof. When the context of this Lease requires, the neuter gender includes the masculine, the feminine, a
partnership or corporation or joint venture, and the singular includes the plural. The terms “must”, “shall”, “will” and “agree” are mandatory. The term “may” is permissive. When a party is required
to do something by this Lease, it shall do so at its sole cost and expense without right of reimbursement from the other party unless specific provision is made therefore. Where Tenant is obligated not to perform any act or is not permitted to
perform any act, Tenant is also obligated to restrain any others reasonably within its control, including agents, invitees, contractors, subcontractors and employees, from performing said act. Landlord shall not become or be deemed a partner or a
joint venturer with Tenant by reason of any of the provisions of this Lease. 

 ARTICLE 14 

CORPORATE AUTHORITY, BROKERS AND ENTIRE AGREEMENT 
  

	14.1	CORPORATE AUTHORITY: If Tenant is a corporation, each individual executing this Lease on behalf of said corporation represents and warrants that Tenant is validly
formed and duly authorized and existing, that Tenant is qualified to do business in the State of California, that Tenant has the full right and legal authority to enter into this Lease, that he is duly authorized to execute and deliver this Lease on
behalf of the Tenant in accordance with the bylaws and/or a board of directors’ resolution of Tenant, and that this Lease is binding upon Tenant in accordance with its terms. Tenant shall, within thirty days after execution of this Lease,
deliver to Landlord a certified copy of the resolution of its board of directors authorizing or ratifying the execution of this Lease, and if Tenant fails to do so, Landlord at its sole election may elect to (i) extend the Intended Commencement
Date by such number of days that Tenant shall have delayed in so delivering such corporate resolution to Landlord or (ii) terminate this Lease. 

  

	14.2	BROKERAGE COMMISSIONS: Tenant warrants that it has not had any dealings with any real estate broker(s), leasing agent(s) or salesmen, other than those persons or
entities named in Article 1 as the “Brokers” with respect to the lease by it of the Leased Premises pursuant to this Lease, and that it will indemnify, defend with competent counsel, and hold Landlord harmless from any liability for the
payment of any real estate brokerage commissions, leasing commissions or finder’s fees claimed by any other real estate broker(s), leasing agent(s) or salesmen to be earned or due and payable by reason of Tenant’s agreement or promise
(implied or otherwise) to pay (or have Landlord pay) such a commission or finder’s fee by reason of its leasing the Leased Premises pursuant to this Lease. 

 

	14.3	ENTIRE AGREEMENT: This Lease, the Exhibits (as described in Article 1) and the Addenda (as described in Article 1), which Exhibits and Addenda are by this reference
incorporate herein, constitute the entire agreement between the parties, and there are no other agreements, understandings or representations between the parties relating to the lease by Landlord of the Leased Premises to Tenant, except as expressed
herein. No subsequent changes, modifications or additions to this Lease shall be binding upon the parties unless in writing and signed by both Landlord and Tenant. 

  

					
		 	28	 	Initial
                                      
      

	14.4	LANDLORD’S REPRESENTATIONS: Tenant acknowledges that neither Landlord nor any of its agents made any representations or warranties respecting the Project, the
Building or the Leased Premises, upon which Tenant relied in entering into this Lease, which are not expressly set forth in this Lease. Tenant further acknowledges that neither Landlord nor any of its agents made any representations as to
(i) whether the Lease Premises may be used for Tenant’s intended use under existing Law or (ii) the suitability of the Leased Premises for the conduct of Tenant’s business or (iii) the exact square footage of the Leased
Premises, and that Tenant relied solely upon its own investigations respecting said matters. Tenant expressly waives any and all claims for damage by reason of any statement, representation, warranty, promise or other agreement of Landlord or
Landlord’s agent(s), if any, not contained in this Lease or in any Addenda hereto. 

 ARTICLE 15

 OPTION TO RENEW LEASE 
  

	15.1	OPTION TO RENEW LEASE: Provided that Tenant is not in default under this Lease beyond the applicable notice and cure period at the time of exercise of any such option
or at the time of commencement of any renewal term, Tenant is hereby granted two (2) options to renew the term of the Lease. Each option shall be for a period of thirty (36) months and each such period being a “Renewal Term”.

  

	 	A.	Tenant shall occupy the Premises during the Renewal Term under the same terms and conditions specified in the Lease, except the Tenant shall lease the Premises in its
then “as-is” condition, with Tenant being entitled to no additional tenant improvement allowance or other right to require the improvements to be made to the Premises. The Base Monthly Rent for the first Renewal Term shall be the then
Market Rate, but not less than the Base Monthly Rate for the Premises in effect immediately prior to the commencement of such Renewal Term. During the second Renewal Term, the Base Monthly Rent shall be the then Market Rate, but not less than the
Base Monthly Rate for the Premises in effect immediately prior to the commencement of such Renewal Term. 

  

	 	B.	As used herein, the term “Market Rate” shall be initially determined by Landlord as the amount as the base annual rent per square foot then being charged in
comparable industrial buildings located in the metropolitan area of San Jose, California (the “Comparable Buildings”) for space comparable to the Premises and taking into consideration all other relevant factors establishing similarity or
dissimilarity between the comparable lease and the leasing of the Premises to Tenant for the Renewal Term, including without limitation, escalations (including type, base year and stop), concessions, length of lease term, size and location of the
Premises, tenant improvement allowances quality and quantity of any existing tenant improvements, quality and creditworthiness of Tenant, amenities offered, location of building, and other generally applicable concessions, allowances, terms and
conditions of tenancy. The reference to the foregoing factors is illustrative only and the presence or absence of such factors shall be taken into account in determining Market Rate. 

 

	 	C.	Within thirty (30) days after Landlord receives the notice of Tenant’s exercise of the second renewal option, Landlord shall notify Tenant of the proposed
Market Rate, as well as any escalation rate applicable to the second Renewal Term. In the event that landlord and Tenant are not able to agree as to the market Rate and any applicable escalation rate within thirty (30) days of good faith
negotiation, then the Base Monthly Rate for the second Renewal Term shall be determined by the arbitration provision set forth below. 

  

					
		 	29	 	Initial
                                      
      

	 	D.	If Landlord and Tenant cannot agree on the Base Monthly rent to be paid during the second Renewal Term as provided above, then each party shall immediately select an
arbitrator to determine the base Monthly Rent to be paid by Tenant during the applicable period. If the two arbitrators agree on the Base Monthly Rent to be paid by the Tenant, then their decision shall be binding on the parties. If the arbitrators
cannot agree within fifteen (15) days following their appointment on the Base Monthly Rent to be paid, then the two shall, within five (5) days thereafter, select a third arbitrator who will consider the 

 

	 	proposal of each party’s arbitrator, and shall, within five (5) days from the third arbitrator’s appointment, adopt the findings of either the
Landlord’s or Tenant’s arbitrator with respect to Base Monthly Rent to be paid during the applicable period, which finding shall be final and binding upon the parties. If one of the parties appoints an arbitrator and the other party does
not do so within the period provided herein, the decision of the single arbitrator appointed by the one party shall be binding upon the parties. 

  

	 	E.	Tenant may exercise its right to renew the Lease by giving to Landlord written notice of its election to renew the Lease not later than 90 days prior to the expiration
of the then current Term or Renewal Term, as applicable. 

  

	 	F.	Tenant shall not be entitled to more than two (2) renewal options. In the event Tenant fails to timely notify Landlord in the manner herein specified, Tenant shall
be conclusively deemed to have waived its right to enter into the applicable Renewal Term or any subsequent Renewal Term. 

  

	 	G.	The options to renew provided hereunder shall be automatically transferred to any assignee of Tenant’s interest under this Lease. 

ARTICLE 16 

INTENT TO SELL PROPERTY 
  

	16.1	LANDLORD’S NOTICE OF INTENT TO SELL PROPERTY: Should Landlord actively pursue sale of 355 Turtle Creek Court, or receive an unsolicited offer on the property
during the Lease term, then Landlord shall notify Tenant or Tenant’s management by registered mail 30 days in advance of offering to others or within 30 days of an unsolicited offer. Tenant shall reply with its interest or decline within
15 days after Landlord’s notice. 

  

					
		 	30	 	Initial
                                      
      

 

 

  

					
		 	31	 	Initial
                                      
      

 

 

  

					
		 	32	 	Initial
                                      
      

 IN WITNESS WHEREOF, Landlord and Tenant have executed this Lease as of the respective dates below set
forth with the intent to be legally bound thereby as of the Effective Date of this Lease first above set forth. 
  

							
	 	 	 	 	 	 	AS LANDLORD:
				
	 Dated: June 21, 2012
	 		 		 	
				
		 		 		 	By: Gail H. Ducote
				
		 		 		 	By: Robert D. Ducote
				
		 		 		 	AS TENANT:
				
	 Dated: June 19, 2012
	 		 		 	
				
		 		 		 	Viasystems Corporation
				
		 		 		 	By: Daniel J. Weber
		 		 		 	       V.P.

 If Tenant is a corporation, the authorized officers must sign on behalf of the corporation and indicate
the capacity in which they are signing. This Lease must be executed by the chairman of the board, president, or vice-president, and the secretary, assistant secretary, the chief financial officer or assistant treasurer, unless the bylaws or a
resolution of the board of directors shall otherwise provide, in which event a certified copy of the bylaws or a certified copy of the resolution, as the case may be, must be attached to this Lease. 

  

					
		 	33	 	InitialEquity Interest Purchase Agreement

 Exhibit 10.102 
 EQUITY INTEREST PURCHASE AGREEMENT 
 dated as of May 7, 2012 

by and among 

PENN NATIONAL GAMING, INC., 
 as Buyer 
 HARRAH’S MARYLAND HEIGHTS, LLC, 

as the Company 

CAESARS ENTERTAINMENT OPERATING COMPANY, INC., 
 HARRAH’S MARYLAND HEIGHTS OPERATING COMPANY, AND 
 PLAYERS MARYLAND HEIGHTS
NEVADA, LLC 
 together, as Sellers 
 and 
 CAESARS ENTERTAINMENT CORPORATION, 

as Parent 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	ARTICLE I. PURCHASE AND SALE OF EQUITY INTERESTS	  	 	1	  
			
	 Section 1.1
	  	Purchase and Sale of Equity Interests	  	 	1	  
	 Section 1.2
	  	Excluded Assets	  	 	3	  
	 Section 1.3
	  	Retention of Assets	  	 	4	  
	 Section 1.4
	  	Assignability and Consents	  	 	5	  
	 Section 1.5
	  	Removal of Excluded Assets	  	 	6	  
		
	ARTICLE II. TREATMENT OF LIABILITIES	  	 	6	  
			
	 Section 2.1
	  	Assumed Liabilities	  	 	6	  
	 Section 2.2
	  	Excluded Liabilities	  	 	7	  
		
	ARTICLE III. PURCHASE PRICE AND DEPOSIT	  	 	8	  
			
	 Section 3.1
	  	Purchase Price	  	 	8	  
	 Section 3.2
	  	Deposit	  	 	8	  
	 Section 3.3
	  	Allocation of Purchase Price	  	 	9	  
	 Section 3.4
	  	Risk of Loss	  	 	10	  
	 Section 3.5
	  	Tax Withholding	  	 	10	  
		
	ARTICLE IV. WORKING CAPITAL ADJUSTMENT AND OTHER ADJUSTMENTS	  	 	10	  
			
	 Section 4.1
	  	Estimated Closing Statement	  	 	10	  
	 Section 4.2
	  	Estimated Operations Statement	  	 	10	  
	 Section 4.3
	  	Final Adjustments	  	 	11	  
	 Section 4.4
	  	Accounts Receivable; Accounts Payable; Deposits	  	 	12	  
	 Section 4.5
	  	Corrective Actions	  	 	13	  
	 Section 4.6
	  	Prorations	  	 	13	  
		
	ARTICLE V. CLOSING	  	 	14	  
			
	 Section 5.1
	  	Time and Place	  	 	14	  
	 Section 5.2
	  	Deliveries at Closing	  	 	14	  
		
	ARTICLE VI. REPRESENTATIONS AND WARRANTIES OF PARENT AND SELLERS	  	 	16	  
			
	 Section 6.1
	  	Organization of Parent and Sellers	  	 	16	  
	 Section 6.2
	  	Authority; No Conflict; Required Filings and Consents	  	 	16	  
	 Section 6.3
	  	Title to Equity Interests	  	 	17	  
	 Section 6.4
	  	Litigation	  	 	17	  

  
 i 

							
	ARTICLE VII. REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	 	18	  
			
	 Section 7.1
	  	Organization of the Company; Capitalization	  	 	18	  
	 Section 7.2
	  	Authority; No Conflict; Required Filings and Consents	  	 	18	  
	 Section 7.3
	  	Financial Statements	  	 	20	  
	 Section 7.4
	  	No Undisclosed Liabilities	  	 	20	  
	 Section 7.5
	  	Taxes	  	 	20	  
	 Section 7.6
	  	Real Property	  	 	22	  
	 Section 7.7
	  	Intellectual Property	  	 	23	  
	 Section 7.8
	  	Agreements, Contracts and Commitments	  	 	24	  
	 Section 7.9
	  	Litigation	  	 	24	  
	 Section 7.10
	  	Environmental Matters	  	 	24	  
	 Section 7.11
	  	Permits; Compliance with Laws	  	 	25	  
	 Section 7.12
	  	Labor Matters	  	 	26	  
	 Section 7.13
	  	Employee Benefits	  	 	26	  
	 Section 7.14
	  	Brokers	  	 	28	  
	 Section 7.15
	  	Title to Purchased Assets	  	 	28	  
	 Section 7.16
	  	Affiliate Transactions	  	 	28	  
	 Section 7.17
	  	Minimum Cash	  	 	28	  
	 Section 7.18
	  	Vendors	  	 	29	  
	 Section 7.19
	  	Absence of Changes	  	 	29	  
	 Section 7.20
	  	Insurance Coverage	  	 	29	  
		
	ARTICLE VIII. REPRESENTATIONS AND WARRANTIES OF BUYER	  	 	29	  
			
	 Section 8.1
	  	Organization	  	 	29	  
	 Section 8.2
	  	Authority; No Conflict; Required Filings and Consents	  	 	29	  
	 Section 8.3
	  	Brokers	  	 	30	  
	 Section 8.4
	  	Financing	  	 	31	  
	 Section 8.5
	  	Licensability of Principals	  	 	31	  
	 Section 8.6
	  	Permits; Compliance with Gaming Laws	  	 	31	  
	 Section 8.7
	  	Waiver of Buyer’s Further Due Diligence Investigation	  	 	32	  
	 Section 8.8
	  	Litigation	  	 	32	  
		
	ARTICLE IX. COVENANTS	  	 	32	  
			
	 Section 9.1
	  	Conduct of Business Prior to the Closing	  	 	32	  
	 Section 9.2
	  	Cooperation; Notice; Cure	  	 	35	  
	 Section 9.3
	  	No Solicitation	  	 	36	  
	 Section 9.4
	  	Employee Matters	  	 	37	  
	 Section 9.5
	  	Access to Information and the Real Property; Post-Closing Cooperation	  	 	39	  
	 Section 9.6
	  	Governmental Approvals	  	 	41	  
	 Section 9.7
	  	Publicity	  	 	43	  
	 Section 9.8
	  	Further Assurances and Actions	  	 	43	  

  
 ii 

							
	 Section 9.9
	  	Transfer Taxes; HSR Filing Fee	  	 	44	  
	 Section 9.10
	  	No Control	  	 	44	  
	 Section 9.11
	  	Reservations; Guests; Valet Parking; Other Transition Matters	  	 	44	  
	 Section 9.12
	  	Transfer of Utilities	  	 	46	  
	 Section 9.13
	  	Certain Transactions	  	 	47	  
	 Section 9.14
	  	FCC Approvals	  	 	47	  
	 Section 9.15
	  	Insurance and Casualty	  	 	47	  
	 Section 9.16
	  	Certain Notifications	  	 	48	  
	 Section 9.17
	  	Non-Solicitation	  	 	48	  
	 Section 9.18
	  	Transfer of Assets	  	 	48	  
	 Section 9.19
	  	Customer List	  	 	49	  
	 Section 9.20
	  	Lien Release	  	 	49	  
	 Section 9.21
	  	Financing	  	 	49	  
		
	ARTICLE X. CONDITIONS TO CLOSING	  	 	50	  
			
	 Section 10.1
	  	Conditions to Each Party’s Obligation to Effect the Closing	  	 	50	  
	 Section 10.2
	  	Additional Conditions to Obligations of Buyer	  	 	50	  
	 Section 10.3
	  	Additional Conditions to Obligations of Sellers	  	 	51	  
		
	ARTICLE XI. TERMINATION AND AMENDMENT	  	 	51	  
			
	 Section 11.1
	  	Termination	  	 	51	  
	 Section 11.2
	  	Effect of Termination	  	 	53	  
		
	ARTICLE XII. SURVIVAL; INDEMNIFICATION	  	 	54	  
			
	 Section 12.1
	  	Survival of Representations, Warranties, Covenants and Agreements	  	 	54	  
	 Section 12.2
	  	Indemnification	  	 	55	  
	 Section 12.3
	  	Procedure for Claims between Parties	  	 	56	  
	 Section 12.4
	  	Defense of Third Party Claims	  	 	56	  
	 Section 12.5
	  	Resolution of Conflicts and Claims	  	 	58	  
	 Section 12.6
	  	Limitations on Indemnity	  	 	58	  
	 Section 12.7
	  	Payment of Damages	  	 	59	  
	 Section 12.8
	  	Exclusive Remedy	  	 	59	  
	 Section 12.9
	  	Tax Matters	  	 	60	  
		
	ARTICLE XIII. TITLE TO REAL PROPERTY	  	 	63	  
			
	 Section 13.1
	  	Title Policy and UCC Search	  	 	63	  
	 Section 13.2
	  	Defects Arising After the Effective Date	  	 	63	  
	 Section 13.3
	  	Failure to Cure Title Defects	  	 	65	  
	 Section 13.4
	  	Survey	  	 	65	  
	 Section 13.5
	  	AS IS	  	 	65	  

  
 iii

							
	 Section 13.6
	  	No Conflict	  	 	68	  
		
	ARTICLE XIV. MISCELLANEOUS	  	 	68	  
			
	 Section 14.1
	  	Definitions	  	 	68	  
	 Section 14.2
	  	Governing Law; Consent to Jurisdiction; Waiver of Trial by Jury	  	 	82	  
	 Section 14.3
	  	Notices	  	 	83	  
	 Section 14.4
	  	Interpretation	  	 	83	  
	 Section 14.5
	  	Entire Agreement	  	 	84	  
	 Section 14.6
	  	Severability	  	 	84	  
	 Section 14.7
	  	Assignment	  	 	84	  
	 Section 14.8
	  	Parties of Interest	  	 	84	  
	 Section 14.9
	  	Counterparts	  	 	85	  
	 Section 14.10
	  	Mutual Drafting	  	 	85	  
	 Section 14.11
	  	Amendment	  	 	85	  
	 Section 14.12
	  	Extension; Waiver	  	 	85	  
	 Section 14.13
	  	Time of Essence	  	 	85	  

  
 iv 

 EXHIBITS 
  

			
	Exhibit A	  	Form of Bill of Sale and Assignment
		
	Exhibit B	  	Form of Assignment and Assumption Agreement
		
	Exhibit C	  	Form of Trademark Assignment Agreement
		
	Exhibit D	  	Form of Deposit Escrow Agreement
		
	Exhibit E	  	Form of Customer List
		
	Exhibit F	  	Form of Assignment of Equity Interests
		
	SCHEDULES	  	
		
	Schedule A	  	Rebranding Plan
		
	Schedule B	  	Calculation of Net Working Capital
		
	Schedule C	  	Calculation of Tray Ledger and Markers

  
 v 

 EQUITY INTEREST PURCHASE AGREEMENT 

THIS EQUITY INTEREST PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of May 7, 2012 (the
“Effective Date”), by and among Penn National Gaming, Inc., a Pennsylvania corporation (“Buyer”), Caesars Entertainment Corporation, a Delaware corporation (“Parent”), Caesars Entertainment
Operating Company, Inc., a Delaware corporation (“CEOC”), Harrah’s Maryland Heights Operating Company, a Nevada corporation (“HMHO”), Players Maryland Heights Nevada, LLC, a Nevada limited liability company
(“PMHN”, together with CEOC and HMHO, “Sellers”), and Harrah’s Maryland Heights, LLC, a Delaware limited liability company (the “Company”). Capitalized terms used herein and not otherwise
defined shall have the meanings set forth in Section 14.1. 
 WHEREAS, Sellers are the beneficial and record owners of all
of the issued and outstanding membership interests of the Company (the “Equity Interests”); 
 WHEREAS, the
Board of Directors of Parent believes that it is in the best interests of the Company, Sellers and Sellers’ members and stockholders to sell all of the Equity Interests; and 

WHEREAS, Buyer desires to acquire from Sellers and Sellers desire to sell to Buyer, all of Sellers’ right, title and interest in and
to the issued and outstanding Equity Interests on the terms and subject to the conditions set forth herein, after which the Company shall become a wholly-owned subsidiary of Buyer. 

NOW, THEREFORE, the parties hereto, in consideration of the premises and of the mutual representations, warranties and covenants
contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, agree as follows: 
 ARTICLE I. 
 PURCHASE AND SALE OF EQUITY INTERESTS 

Section 1.1 Purchase and Sale of Equity Interests. Upon the terms and subject to the conditions set forth in this Agreement,
at the Closing, Sellers shall sell and Buyer shall purchase from Sellers, the Equity Interests free and clear of all Liens and Encumbrances other than Permitted Liens and Permitted Encumbrances. As a result of Buyer’s acquisition of the Equity
Interests, Buyer shall indirectly acquire all of the Company’s right, title and interest in, and under those certain rights and assets set forth below, free and clear of all Liens and Encumbrances other than Permitted Liens and Permitted
Encumbrances, but excluding the Excluded Assets (the “Purchased Assets”): 
 (a) the Real Property; 

(b) subject to Section 1.4, the Assumed Contracts; 
 (c) the Acquired Personal Property; 
 (d) Intentionally Omitted; 

 (e) the Tray Ledger (pursuant to Section 4.2(a)); 

(f) the Markers (pursuant to Section 4.2(b)); 
 (g) Intentionally omitted. 
 (h) the Transferred Marks and Domain Names, the Other
Transferred Registered IP, and the other Intellectual Property listed on Section 1.1(h) of the Company Disclosure Letter (collectively, the “Transferred Intellectual Property”); 

(i) the organizational documents, minute and stock books and records, and corporate seals of the Company; 

(j) (i) all corporate records of the Company, (ii) all other books and records of the Company relating exclusively to the Business
(except (A) to the extent related to the Excluded Liabilities, the Excluded Assets or otherwise proprietary to Sellers or their Affiliates (other than the Company) and (B) the Customer Database), including all architectural, structural,
service manuals, engineering and mechanical plans, electrical, soil, wetlands, environmental, and similar reports, studies and audits in the Company’s possession or control, (iii) all plans and specifications for the Casino in the
Company’s possession or control and (iv) all human resources and other employee-related files and records relating to the Transferred Employees, except to the extent prohibited by Law; provided, however, Sellers may retain
archival copies of all books, files and records as set forth in Section 1.3; 
 (k) the Customer List; 

(l) the Company Permits, Governmental Approvals and Gaming Approvals exclusively related to the Casino, and pending applications
therefor, to the extent transferable by Law; 
 (m) all current assets reflected in the Final Closing Net Working Capital,
including Gift Certificates and Accounts Receivable; 
 (n) all bookings, contracts, or reservations for the use or occupancy of
guest rooms and/or meeting and banquet facilities of the Casino which use or occupancy is scheduled to occur on or after the Closing Date; 
 (o) all advertising, marketing and promotional materials exclusively used or held for use in the Business and to the extent such materials do not include any System Marks and other than the Harrah’s
Branded Paraphernalia; 
 (p) all landline telephone numbers used at the Casino on the Closing Date; 

(q) all rights, claims, rebates, discounts and credits (including all guarantees, indemnities, warranties and similar rights),
performance or other bonds, security or other deposits, advance payments and prepaid rents in favor of the Company to the extent relating exclusively to (i) the Business as of the Closing Date, (ii) the Purchased Assets, or (iii) the
Assumed Liabilities; 

  
 2 

 (r) all goodwill associated with the Business; 

(s) all refunds or rebates of Taxes to which Buyer is entitled under Section 12.9(g); 

(t) the Rewards Information; 
 (u) any and all insurance proceeds, condemnation awards or other compensation awards for loss or damage to any Purchased Assets, the Real Property and the Business to the extent occurring after the date
hereof but prior to the Closing Date, and all right and claim of Sellers and the Company or any of their respective Affiliates to any such insurance or other compensation not paid by the Closing Date; and 

(v) all other assets and properties of the Company exclusively used or held for use in connection with the Business. 

Section 1.2 Excluded Assets. Notwithstanding anything to the contrary contained in this Agreement, immediately prior to the
Closing, the Company shall assign to Sellers (or their designee) and Sellers (or their designee) shall obtain the right, title and interest in and to each and all of the following assets of the Company (the “Excluded Assets”):

 (a) the Excluded Contracts; 
 (b) any rights, claims and credits (including all guarantees, indemnities, warranties and similar rights) in favor of the Company to the extent relating to (i) any excluded assets set forth in this
Section 1.2, (ii) any Excluded Liability or (iii) the operation of the Business prior to the Closing Date, in the case of clause (iii), other than those that are specifically Purchased Assets under Section 1.1; 

(c) the Markers listed on Section 1.2(c) of the Company Disclosure Letter; 

(d) except for the Tray Ledger and the Markers (other than those Markers listed on Section 1.2(c) of the Company Disclosure Letter)
(all of which are part of the Purchased Assets but shall be purchased in accordance with Section 4.2 hereof), and except for the Front Money which shall be treated as set forth in Section 9.11(d) hereof, all chips or tokens of other
casinos, cash, cash equivalents, bank deposits or similar cash items of Sellers, the Company or Sellers’ Affiliates held at the Casino as of the Closing to the extent not reflected in the Final Closing Net Working Capital; 

(e) all refunds or rebates of Taxes to which Sellers are entitled under Section 12.9(g); 

  
 3 

 (f) all of the human resources and other employee-related files and records, other than such
files and records relating exclusively to the Transferred Employees (which files and records Sellers may retain an archival copy of, to the extent permitted by Law); 
 (g) the Excluded Personal Property; 
 (h) the Excluded Software; 

(i) all indebtedness, accounts payable, or other obligations owed to the Company by any Seller or any of their Affiliates; 

(j) without limitation to Buyer’s rights pursuant to Sections 1.1(k) and 1.1(t), the Customer Database; 

(k) all data, files and other materials located on any storage device (including personal computers and servers) located at the Real
Property (other than the books and records described in Section 1.1(j) hereof); 
 (l) without limitation to Buyer’s
rights pursuant to Sections 1.1(k) and 1.1(t), the Total Rewards Program and any other player loyalty or rewards program of Sellers or their Affiliates and all customer related data; 

(m) any assets set forth on Section 1.2(m) of the Company Disclosure Letter; 

(n) the Company Benefit Plans; 
 (o) the Company Insurance Policies (except as provided in Section 9.15); 

(p) the System Marks; 
 (q) the Harrah’s Branded Paraphernalia; and 
 (r) all other assets and
properties of the Company not exclusively used or held for use in connection with the Business. 
 Section 1.3 Retention
of Assets. Notwithstanding anything to the contrary contained in this Agreement, Sellers and their Affiliates may retain and use, at their own expense, archival copies of all of the Assumed Contracts, books, records and other documents or
materials conveyed hereunder, in each case, which (a) are used in connection with Sellers’ or any of their Affiliates’ businesses other than the Business or (b) if Sellers, in good faith, determine that Sellers are reasonably
likely to need access to, in connection with the preparation or filing of any Tax Returns or compliance with any other Tax reporting obligations or the defense (or any counterclaim, cross-claim or similar claim in connection therewith) of any suit,
claim, action, proceeding or investigation (including any Tax audit or examination) against or by Sellers, the Company or any of its Affiliates pending or threatened as of the Closing Date; provided, that Sellers shall, and shall cause their
Affiliates to, hold such documents or materials relating to the Business, and all confidential or proprietary information contained therein, confidential pursuant to Section 9.5(b). 

  
 4 

 Section 1.4 Assignability and Consents. 

(a) Notwithstanding anything to the contrary contained in this Agreement, if the attempted or actual conveyance, assignment or transfer to
Sellers (or their designee) of any Excluded Assets is non-assignable or non-transferrable, by its terms, without the consent of a third party (each, a “Non-Assignable Excluded Asset”), then Sellers and Buyer shall each use their
reasonable best efforts to obtain the authorization, approval, consent or waiver of such other party to the assignment of any such Non-Assignable Excluded Asset. Notwithstanding the foregoing, in no event shall the failure to obtain a consent with
respect to a Non-Assignable Excluded Asset delay or otherwise impede the Closing, but the Closing shall not constitute the sale, conveyance, assignment, transfer or delivery of any such Non-Assignable Excluded Asset, and this Agreement shall not
constitute a conveyance, assignment, transfer or delivery of any such Non-Assignable Excluded Asset unless and until such authorization, approval, consent or waiver is obtained. The parties shall enter into a commercially reasonable arrangement to
provide that Sellers shall receive the interest of the Company in the benefits and obligations under such Non-Assignable Excluded Asset, and Sellers shall be liable to the Company in a fashion equivalent to what Sellers’ Liabilities would be
under the Non-Assignable Excluded Asset if it were assigned, until such time as such third party authorization, approval, consent or waiver shall have been obtained, and such arrangement shall include performance by the Company as an agent of
Sellers to the extent commercially reasonable. Provided that Sellers are liable for all Liabilities related to a Non-Assignable Excluded Asset that Sellers would otherwise be liable for under this Agreement if such Non-Assignable Excluded Asset
constituted an Excluded Asset, Buyer shall, and shall cause the Company to, promptly pay over to Sellers (or their designee) the net amount (after expenses and Taxes) of all payments received by it in respect of such Non-Assignable Excluded Asset.
In the event that the Company acts as Sellers’ agent or is otherwise required to act to fulfill obligations related to a Non-Assignable Excluded Asset pursuant to this Section 1.4(a), Sellers shall assist and fully cooperate with Buyer and
the Company in fulfilling such obligations. 
 (b) Once authorization, approval or waiver of or consent for the conveyance,
assignment or transfer of any such Non-Assignable Excluded Asset is obtained, such Non-Assignable Excluded Asset shall be conveyed, assigned, transferred and delivered to Sellers (or their designee) without any further action by the parties hereto.
Notwithstanding anything to the contrary contained in this Agreement, Sellers shall assume all Liabilities in respect of any Non-Assignable Excluded Asset that Sellers would otherwise assume under this Agreement if such Non-Assignable Excluded Asset
constituted an Excluded Asset if it is receiving the benefits thereof; provided, further, that Sellers shall also be liable to the Company for performing its obligations under the arrangements described in Section 1.4(c) hereof.

 (c) Buyer understands and agrees that it is solely Buyer’s responsibility to obtain any and all operating agreements
(other than the Assumed Contracts) necessary to conduct the Business from and after the Closing Date, including replacement software license agreements for the software which will replace the Excluded Software. Subject to the terms

  
 5 

 
hereof, Buyer shall also be responsible for obtaining new licenses and permits for the operation of the Business from and after the Closing. Except as set forth in Section 1.1(l) hereof, no
licenses or permits will be transferred by Sellers in connection with the sale of the Equity Interests. 
 Section 1.5
Removal of Excluded Assets. All items located at the Real Property that constitute Excluded Assets may be removed on or prior to the Closing Date and within ninety (90) days after the Closing Date (the “Removal Period”)
by Sellers, their Affiliates or their respective Representatives, with the removing party making any repairs necessary as a result of any damage caused during such removal, but without any obligation on the part of Sellers, their Affiliates or any
removing party to replace any item so removed. Buyer will provide Sellers, their Affiliates and their respective Representatives with reasonable access to the Real Property to effect such removal, at reasonable times within the Removal Period and
after at least one (1) business day’s prior notice to Buyer, and Sellers will use reasonable efforts to minimize disruption to Buyer’s operations. Buyer, at its option, will have the right to have a Representative present during any
such removal activity. Sellers recognize that Buyer will be replacing Excluded Software and that Buyer desires that its replacement software will be operational as of the Closing. Sellers agree to, and to cause the Company to, cooperate reasonably
with Buyer in effecting the transition from Excluded Software to replacement software, by allowing Buyer access to the Real Property to install the replacement software; provided that: (a) there shall be no material interference with the
Business before the Closing; (b) Sellers shall be reimbursed for any reasonable out-of-pocket costs incurred by the Company in connection with such cooperation; and (c) if Sellers or the Company shall be required to reveal proprietary
information of Sellers or their Affiliates to Buyer in connection with such cooperation, then Sellers or the Company will, at Sellers’ option, either (i) not de-install third party Excluded Software that is now installed on personal
computers that are included in the Acquired Personal Property (unless required to do so by Law or by agreement with the provider of the Excluded Software) and Buyer agrees that Buyer will either obtain new licenses for such Excluded Software or
cease to use such Excluded Software following the Closing, or (ii) de-install third party Excluded Software that is now installed on personal computers included in the Acquired Personal Property. Buyer’s agreement pursuant to this
Section 1.5 shall survive the Closing and shall be covered by Buyer’s indemnification obligations in ARTICLE XII hereof and enforceable by Sellers by any means available at Law or equity, including injunctive relief, which Buyer hereby
agrees is an appropriate remedy. If Sellers do not remove all of the Excluded Assets located at the Real Property within the Removal Period, then Buyer may dispose of or retain any such remaining Excluded Assets. 

ARTICLE II. 

TREATMENT OF LIABILITIES 
 Section 2.1 Assumed Liabilities. Upon the terms and subject to the conditions set forth in this Agreement, the Company shall retain and be solely responsible for, and as a result of
Buyer’s acquisition of the Equity Interests Buyer shall indirectly assume, only the Liabilities of the Company set forth in this Section 2.1, other than the Excluded Liabilities (collectively the “Assumed Liabilities”):

  
 6 

 (a) all Liabilities relating to the Purchased Assets or the Business, including all
Liabilities, burdens and obligations arising in respect to any Assumed Contracts, accruing, arising out of, or relating to events, occurrences, pending or threatened litigation, acts, omissions and claims happening from and after the Closing;

 (b) all Liabilities for replacement of, or refund for, damaged, defective or returned goods relating to the Purchased Assets
from and after the Closing, including items purchased in a gift shop or similar facility at the Casino from and after the Closing, but not including any pending product liability or litigation claims relating to the sale of any goods happening prior
to the Closing; 
 (c) all Liabilities with respect to entertainment and hotel reservations relating to the Casino (to the
extent reflected in the Final Closing Net Working Capital) from and after the Closing; 
 (d) all Liabilities for (i) Taxes
arising out of or relating to the ownership of the Company or the Purchased Assets after the Closing Date and (ii) Transfer Taxes that are the responsibility of Buyer pursuant to Section 9.9(a), in each case other than any Excluded Taxes
(it being agreed and understood that this clause (d) is the only clause of Section 2.1 that applies to Taxes); 
 (e)
any Liabilities relating to the employment of the Transferred Employees by Buyer and its Affiliates (including, following the Closing, the Company and its Subsidiaries) solely to the extent accruing, arising out of, or relating to events,
occurrences, acts, omissions and claims happening after the Closing (for the avoidance of doubt, including any Liabilities relating to the termination of any Transferred Employee from and after the Closing); 

(f) all current Liabilities reflected in the Final Closing Net Working Capital, including the Progressive Liabilities and the Customer
Deposits; 
 (g) any Liabilities assumed by Buyer pursuant to Section 9.4(f) hereof; 

(h) without limiting the rights and obligations of the parties set forth in ARTICLE XII hereof, all Liabilities under Environmental Laws,
including Environmental Liabilities relating to, resulting from, caused by or arising out of ownership, operation or control of the Real Property or the other Purchased Assets, arising before or after the Closing Date, and any Liability relating to
contamination or exposure to Hazardous Substances at or attributable to the Real Property or the other Purchased Assets; 
 (i)
all of the Company’s gaming chips and tokens with respect to the Business, which are branded with the name, design, logo or other similar indicia of the Casino, that are in circulation as of the Closing (collectively, the “Chips and
Tokens”); and 
 (j) any items set forth on Section 2.1 of the Company Disclosure Letter. 

Section 2.2 Excluded Liabilities. Notwithstanding anything contained in this Agreement to the contrary, immediately prior to
the Closing, the Company shall assign and 

  
 7 

 
Sellers shall assume, and from and after such time Sellers shall be responsible for, only the following Liabilities of the Company (“Excluded Liabilities”): 

(a) except as specifically listed in Section 2.1, all Liabilities relating to any Purchased Assets or the Business accruing, arising
out of, or relating to events, occurrences, pending or threatened litigation, acts, omissions and claims happening or existing prior to the Closing, including all Liabilities arising from any breach of any Assumed Contract by Sellers or the Company
on or prior to the Closing; 
 (b) any Liabilities for any Excluded Taxes; 

(c) any Liabilities relating to the Transferred Employees accruing, arising out of, or relating to events, occurrences, pending or
threatened litigation, acts, omissions and claims happening or existing prior to the Closing and any Liabilities arising out of or relating to the employment of any directors, employees or other service providers of Sellers or any of their
Affiliates (other than the Transferred Employees), regardless of when arising; 
 (d) any Liabilities owed to any Seller or any
of their Affiliates other than the Company; 
 (e) any Liability that relates to any Excluded Asset, unless otherwise included
in the Final Closing Net Working Capital; 
 (f) any pending product liability or litigation claims relating to the sale of any
goods happening prior to the Closing; and 
 (g) any Liability of the Company for expenses or fees relating to the preparation,
negotiation or entering into of this Agreement, including fees of financial advisors, attorneys, consultants and accountants. 

ARTICLE III. 
 PURCHASE PRICE AND DEPOSIT 
 Section 3.1 Purchase Price. At the
Closing, as consideration for the Equity Interests, Buyer shall deliver or cause to be delivered by electronic transfer of immediately available funds to an account designated by Sellers a cash payment equal to the sum of (a) six hundred ten
million dollars ($610,000,000) (the “Purchase Price”) plus (b) the Estimated Closing Payment (which can be a positive or negative number) plus (c) the Estimated Operations Payment. The Purchase Price, together with the
Estimated Closing Payment and the Estimated Operations Payment is the “Closing Payment.” 
 Section 3.2
Deposit. On the date hereof, Buyer shall deposit nine million one-hundred fifty thousand dollars ($9,150,000) (the “Deposit”) with Deutsche Bank National Trust Company (the “Escrow Agent”) pursuant to an
escrow agreement in substantially the form attached hereto as Exhibit D (the “Deposit Escrow Agreement”) executed and delivered by Parent, Buyer and the Escrow Agent on the Effective Date; provided, further that
for each two-month period by which the Outside Date is extended by Parent or Buyer pursuant to Section 5.1(b)(ii), Buyer shall, 

  
 8 

 
subject to Section 5.1(b)(iii), deposit an additional nine million one-hundred fifty thousand dollars ($9,150,000) (each, an “Extension Deposit”) with the Escrow Agent
pursuant to the Deposit Escrow Agreement promptly and in any event within three (3) business days of such extension. Upon the Closing, the Deposit and any Extension Deposit, plus the interest accrued thereon shall be credited against the
Purchase Price and the parties shall instruct the Escrow Agent to promptly release and pay the Deposit and any Extension Deposit, plus the interest accrued thereon to Parent (or its designee) pursuant to the terms of the Deposit Escrow Agreement.
Upon the termination of this Agreement, the parties shall instruct the Escrow Agent to promptly release and pay the Deposit and any Extension Deposit, plus the interest accrued thereon to Buyer or Parent, as applicable, pursuant to
Section 11.2(c) hereof and the terms of the Deposit Escrow Agreement. In the event of any inconsistency between the terms and provisions of the Deposit Escrow Agreement and the terms and provisions of this Agreement, the terms and provisions of
this Agreement shall control, absent an express written agreement between the parties hereto to the contrary, which written agreement acknowledges and expressly amends this Section 3.2. 

Section 3.3 Allocation of Purchase Price. For federal income Tax and applicable state and local Tax Purposes, Buyer and
Sellers hereby agree to treat (and to cause their respective Affiliates to treat) the purchase and sale of Equity Interests pursuant to this Agreement in accordance with Revenue Ruling 99-6 (Situation 2). No more than thirty (30) days after the
Determination Date, Buyer shall prepare and deliver to Sellers a written statement setting forth the allocation of the purchase price (as determined for federal income tax purposes, taking into account any additional amounts payable pursuant to
Section 4.3 and any assumed liabilities that are required to be treated as part of the purchase price for federal income tax purposes) among the Purchased Assets (and any other assets that are considered to be acquired for federal income tax
purposes) in accordance with Section 1060 of the Code and the Treasury Regulations thereunder (the “Purchase Price Allocation”). Buyer and Sellers shall endeavor in good faith to agree on the Purchase Price Allocation. If Buyer
and Sellers have not agreed on the Purchase Price Allocation within sixty (60) days following the Determination Date, then any disputed matter(s) will be finally and conclusively resolved by an independent accounting firm of recognized national
standing reasonably acceptable to Buyer and Sellers with no existing relationship with either party (the “Auditor”) in accordance with this Agreement, as promptly as practicable, and such resolution(s) will be reflected on the
Purchase Price Allocation, provided that the resolution for each disputed item contained in the Auditor’s determination shall be made subject to the definitions and principles set forth in this Agreement, and shall be consistent with
either the position of Sellers or Buyer. Buyer and Sellers shall each use its reasonable best efforts to furnish to the Auditor such work papers and other documents and information pertaining to the disputed item as the Auditor may request. Sellers
and Buyer shall bear their own expenses in the preparation and review of the Purchase Price Allocation, except that the fees and expenses of the Auditor shall be borne equally by Buyer on the one hand and Sellers on the other hand. Buyer and Sellers
shall file all Tax Returns (including, but not limited to, IRS Form 8594) consistent with the Purchase Price Allocation, and shall not take any position inconsistent with the Purchase Price Allocation or agree to any proposed adjustment to the
Purchase Price Allocation by any Governmental Entity, without first giving the other parties prior written notice and an opportunity to confer regarding such adjustment; provided, however, that the Purchase Price Allocation shall be
adjusted by any other amounts paid under this Agreement following the 

  
 9 

 
Determination Date that affect the purchase price for federal income tax purposes; and provided, further, that nothing contained herein shall prevent Buyer or Sellers from settling
any proposed deficiency or adjustment by any Governmental Entity based upon or arising out of the Purchase Price Allocation, or require Buyer or Sellers to litigate before any court any proposed deficiency or adjustment by any Governmental Entity
challenging the Purchase Price Allocation. 
 Section 3.4 Risk of Loss. Subject to Section 9.15 hereof, until
the Closing, Sellers shall bear the risk of any loss or damage to the Company, including the Purchased Assets, from condemnation, fire, casualty or any other occurrence. Following the Closing, Buyer shall bear the risk of any loss or damage to the
Company, including the Purchased Assets, from condemnation, fire, casualty or any other occurrence. 
 Section 3.5 Tax
Withholding. Notwithstanding anything in this Agreement to the contrary, Buyer shall be entitled to deduct and withhold from any amounts otherwise payable under this Agreement to Sellers or any other Person such amounts as are required to be
deducted or withheld under the Code, or any provision of applicable Law with respect to the making of such payment. To the extent that amounts are so deducted and withheld and paid over to the applicable Governmental Entity, such deducted and
withheld amounts shall be treated for all purposes of this Agreement as having been paid to Sellers or such other Person in respect of which such deduction and withholding were made. 

ARTICLE IV. 

WORKING CAPITAL ADJUSTMENT AND OTHER ADJUSTMENTS 
 Section 4.1 Estimated Closing Statement. No less than five (5) business days prior to the Closing Date, Sellers shall prepare and deliver to Buyer a written closing statement (the
“Estimated Closing Statement”) of the Estimated Closing Net Working Capital, including the resulting Estimated Closing Net Working Capital Overage (if any) or Estimated Closing Net Working Capital Shortage (if any), and the
proration amounts pursuant to Section 4.6 (to the extent not already reflected in the Estimated Closing Net Working Capital), which Estimated Closing Statement shall be prepared in good faith and on a basis consistent with the preparation of
the Financial Information and the calculation of Net Working Capital set forth on Schedule B. Any amounts determined to be due and owing to Sellers pursuant to the Estimated Closing Statement shall be paid by Buyer at the Closing pursuant to
Section 3.1 hereof (the “Estimated Closing Payment”). Any amounts determined to be due and owing to Buyer by Sellers pursuant to the Estimated Closing Statement shall reduce the Closing Payment payable to Sellers at the Closing
pursuant to Section 3.1. 
 Section 4.2 Estimated Operations Statement. Not less than five (5) business
days prior to the Closing Date, Sellers shall prepare and deliver to Buyer an estimated accounting for the Casino as of the Closing Date of each of the items set forth in this Section 4.2 (the “Estimated Operations Statement”),
which Estimated Operations Statement shall be prepared in good faith and on a basis consistent with the calculation of the Tray Ledger and Markers set forth on Schedule C. All amounts determined to be due and owing to Sellers by Buyer pursuant to
the Estimated Operations Statement shall be paid by Buyer to Sellers at the Closing, pursuant to Section 3.1 hereof (the “Estimated Operations Payment”). 

  
 10 

 (a) Tray Ledger. Buyer shall purchase the Tray Ledger for the Casino at the face
amount of such Tray Ledger as set forth in the Estimated Operations Statement. 
 (b) Markers. Buyer shall purchase the
Markers for the Casino from Sellers at the face amount of such Markers as set forth in the Estimated Operations Statement. 

(c) House Funds. Buyer and Sellers shall mutually agree upon a procedure consistent with the counting of House Funds in the
Ordinary Course of Business and in accordance with applicable Laws for counting and determining all House Funds as of the Closing, with such amount being included in the Calculation of the Estimated Closing Net Working Capital. Buyer shall have no
obligation to purchase chips or tokens of other casinos, all of which shall be retained by Sellers and are Excluded Assets. 

Section 4.3 Final Adjustments. 
 (a) No more than ninety (90) days after the Closing Date, Sellers shall prepare and deliver to Buyer a written statement (the “Final Closing Statement”) of the Final Closing Net
Working Capital, including the resulting Final Closing Net Working Capital Overage (if any) or Final Closing Net Working Capital Shortage (if any), and including a detailed breakdown of the various amounts of each component of Net Working Capital,
and the proration amounts pursuant to Section 4.6 (to the extent not already reflected in the Estimated Closing Net Working Capital), which Final Closing Statement shall be prepared in good faith and on a basis consistent with the preparation
of the Financial Information and the calculation of Net Working Capital set forth on Schedule B. Any such amounts determined pursuant to the Final Closing Statement shall be paid to either Sellers or Buyer pursuant to Section 4.3(d) hereof (the
“Final Closing Payment”). 
 (b) No more than ten (10) business days after the Closing Date, Sellers shall
deliver to Buyer a final accounting as of the Closing of each of the items set forth in Section 4.2 hereof (the “Final Operations Statement”), which Final Operations Statement shall be prepared in good faith and on a basis
consistent with the calculation of the Tray Ledger and Markers set forth on Schedule C. Any such amounts determined pursuant to the Final Operations Statement shall be paid to either Sellers or Buyer, as applicable, pursuant to Section 4.3(d)
hereof (the “Final Operations Payment”). 
 (c) If Buyer disagrees with the calculation of any amounts on the
Final Closing Statement and/or the Final Operations Statement (collectively, the “Final Statements”), Buyer shall, within twenty (20) business days after its receipt of the applicable Final Statement, notify Sellers of such
disagreement in writing, setting forth in detail the particulars of such disagreement. Sellers will provide Buyer reasonable access to any of Sellers’ records and relevant employees not otherwise available to Buyer as a result of the
transactions contemplated hereby, to the extent reasonably related to Buyer’s review of the Final Statements. If Buyer does not provide such notice of disagreement within the twenty (20) business day period, Buyer shall be deemed to have
accepted the applicable Final Statement and the calculation of all amounts set forth thereon, which shall be final, binding and conclusive for purposes of this Agreement and not subject to any further recourse by Buyer or its Affiliates. If any such
notice of disagreement is timely provided, Buyer and Sellers shall use reasonable best efforts for a period of five (5) 

  
 11 

 
business days (or such longer period as they may mutually agree) to resolve any disagreements with respect to the calculation of any and all amounts set forth on the applicable Final Statement.
If, at the end of such period, the parties are unable to fully resolve the disagreements, the Auditor shall resolve any remaining disagreements. The Auditor shall be instructed to (i) consider only such matters as to which there is a
disagreement, (ii) determine, as promptly as practicable, whether the disputed amounts set forth on the applicable Final Statement were prepared in accordance with the standards set forth in this Agreement, and (iii) deliver, as promptly
as practicable, to Sellers and Buyer its determination in writing. The resolution for each disputed item contained in the Auditor’s determination shall be made subject to the definitions and principles set forth in this Agreement, and shall be
consistent with either the position of Sellers or Buyer. Sellers and Buyer shall bear their own expenses in the preparation and review of the Estimated Closing Statement, Final Closing Statement, Estimated Operations Statement and Final Operations
Statement, except that the fees and expenses of the Auditor shall be paid one-half by Buyer and one-half by Sellers. The determination of the Auditor shall be final, binding and conclusive for purposes of this Agreement and not subject to any
further recourse by Buyer, Sellers or their respective Affiliates. Any dispute with respect to the Final Statements will not affect any undisputed amounts in the Final Statements or the related payments contemplated by Section 4.3(d) hereof.
The date on which an amount set forth on a Final Statement is finally determined in accordance with this Section 4.3(c) is hereinafter referred to as the “Determination Date.” 

(d) Any amounts determined to be due and owing to Sellers from Buyer or to Buyer from Sellers, as applicable, pursuant to this
Section 4.3 shall be paid by Sellers to Buyer or by Buyer to Sellers, as applicable, within two (2) business days after the applicable Determination Date. 
 Section 4.4 Accounts Receivable; Accounts Payable; Deposits. 
 (a)
Accounts Receivable. After the Closing, Parent and Sellers shall promptly deliver to Buyer any cash, checks or other property that they or any of their Affiliates receive to the extent relating to the Accounts Receivable of the Business
included in the Final Closing Net Working Capital. After the Closing, Buyer shall promptly deliver to Sellers any cash, checks or other property that Buyer or its Affiliates receive to the extent relating to any Accounts Receivable existing as of
the Closing Date and not included in the Final Closing Net Working Capital. Neither party nor their Affiliates shall agree to any settlement, discount or reduction of the Accounts Receivable belonging to the other party. Neither party nor their
Affiliates shall assign, pledge or grant any security interest in the Accounts Receivable of the other party. 
 (b) Accounts
Payable. Each party and their Affiliates will promptly deliver to the other a true copy of any invoice, written notice of accounts payable or written notice of a dispute as to the amount or terms of any accounts payable received from the
creditor of such accounts payable to the extent such accounts payable is owed by the other party. Should either party discover it has paid an accounts payable belonging to the other party, then Buyer or Sellers, as applicable, shall provide written
notice of such payment to the other party and the other party shall promptly reimburse the party that paid such accounts payable all amounts listed on such notice. 

  
 12 

 (c) Customer Deposits. Customer Deposits received by the Company relating to rooms,
services and/or events relating to the period from and after the Closing shall be retained by the Company at the Closing and included in the calculation of the Final Closing Net Working Capital. Sellers shall not have further liability or
responsibility after Closing with respect to any Customer Deposits relating to the period from and after the Closing and Sellers and their Affiliates shall be entitled to retain Customer Deposits to the extent of rooms and/or services furnished by
Sellers prior to the Closing. “Customer Deposits” include all security and other deposits, advance or pre-paid rents or other amounts and key money or deposits (including any interest thereon) and Front Money. 

Section 4.5 Corrective Actions. If, after the Closing, Sellers and Buyer determine that Sellers have transferred to Buyer,
directly or indirectly, any assets or Liabilities that, pursuant to the terms of this Agreement, constitute Excluded Assets or Excluded Liabilities, or Sellers have retained any assets or Liabilities that, pursuant to the terms of this Agreement,
constitute Purchased Assets or Assumed Liabilities, then such assets or Liabilities shall be returned or transferred, as applicable, for no additional payment, and the other party shall be obliged to accept such return or transfer. 

Section 4.6 Prorations. The prorations relating to the Purchased Assets and the ownership and operation of the Business set
forth in this Section 4.6 will be made as of the Closing. The prorations shall be estimated and prepared by Sellers and included in the Estimated Closing Statement and the Final Closing Statement delivered to Buyer pursuant to Section 4.1
and Section 4.3, respectively (in each case to the extent not already reflected in the Estimated Closing Net Working Capital). 
 (a) Utility meters will be read, to the extent that the utility company will do so, during the daylight hours on the Closing Date (or as near as practicable prior thereto), with charges to that time paid
by Sellers and charges thereafter paid by Buyer. Prepaid utility charges shall be adjusted on the Estimated Closing Statement and Final Closing Statement. Charges for utilities which are un-metered, or the meters for which have not been read on the
Closing Date, will be prorated between Buyer and Sellers as of the Closing. Sellers or Buyer, as appropriate, shall, upon receipt, submit a copy of the utility billings for any such charges to the other party and such receiving party shall pay its
pro-rata share of such charges to the submitting party within seven (7) days from the date of any such submission (to the extent not already reflected in the Estimated Closing Net Working Capital). 

(b) All income and expenses pursuant to the Assumed Contracts will be prorated between Buyer and Sellers as of the Closing Date on the
Estimated Closing Statement and Final Closing Statement. Sellers shall receive a credit on the Estimated Closing Statement and Final Closing Statement for (i) the amount of any prepaid rents related to periods from and after the Closing, and
(ii) security deposits, or other deposits previously paid by Sellers under the Assumed Contracts, less any such amounts paid to and collected by Sellers under the Assumed Contracts. Any amounts received by Buyer under the Assumed Contracts
related to any period prior to the Closing shall be promptly paid to Sellers. Any amounts received by Sellers under the Assumed Contracts related to any period after the Closing shall be promptly paid to Buyer. 

  
 13 

 Except as otherwise specified in this Section 4.6 or agreed by the parties or with
respect to adjustments to the Purchase Price made pursuant to Section 4.3, the net amount of all such prorations will be settled and paid on the Closing Date. 
 ARTICLE V. 
 CLOSING 

Section 5.1 Time and Place. 
 (a) Unless this Agreement is earlier terminated pursuant to ARTICLE XI hereof, the closing of the transactions contemplated by this Agreement, including the purchase and sale of the Equity Interests (the
“Closing”), shall take place promptly (but in no event more than five (5) business days) following the satisfaction or waiver by the applicable party of the conditions set forth in ARTICLE X hereof (other than those conditions
to be satisfied or waived at or upon the Closing), at such time and place as is agreed to by the parties (the “Closing Date”), to be effective as of 12:01 a.m. Central Time on the Closing Date. 

(b) Notwithstanding the foregoing: 
 (i) Sellers may postpone the Closing Date as set forth in Section 13.2 hereof; 
 (ii) the Closing Date shall not be later than the date which is six (6) months after the date of this Agreement (as may be extended pursuant to this Section 5.1, the “Outside
Date”), unless extended by Parent or Buyer, one or more times, by a two (2) month period by providing the other with a written notice of an intent to postpone the Closing Date no earlier than ten (10) business days prior to the
then-applicable Outside Date and no later than five (5) business days prior to the then-applicable Outside Date (any which extension shall give rise to Buyer’s obligation to pay an Extension Deposit pursuant to Section 3.2);
provided, however, that in no event shall the Closing Date be later than the date which is twelve (12) months after the date of this Agreement; and 
 (iii) notwithstanding anything to the contrary in this Section 5.1(b), if, at the time of delivery of an extension notice pursuant to Section 5.1(b)(ii), (x) Buyer has taken, or agreed to
or committed to take (A) any action in breach of Section 9.13, or (B) any action that has materially delayed, or is reasonably likely to materially delay, the receipt of, or materially impact the ability of a party to obtain, any
Required Governmental Consent that has not been obtained, or (C) any action that has caused, or is reasonably likely to cause, any Governmental Entity to commence or re-open a Proceeding that would reasonably be expected to challenge or prevent
the transactions contemplated by this Agreement or delay the Closing beyond the Outside Date, then the amount of the Extension Deposit payable by Buyer pursuant to Section 3.2 in connection with such extension shall be equal to twenty-three
million three-hundred sixty-three thousand dollars ($23,363,000). 
 Section 5.2 Deliveries at Closing. The
following documents will be executed and/or delivered by Buyer, Sellers and/or the Company, as appropriate, at or prior to the Closing: 
 (a) Bill of Sale for Personal Property. A Bill of Sale and Assignment substantially in the form attached as Exhibit A (the “Bill of Sale and Assignment”), conveying to
Sellers (or their designee) all of the Excluded Assets. 

  
 14 

 (b) Excluded Liabilities. An Assignment and Assumption Agreement substantially in the
form attached as Exhibit B (the “Assignment and Assumption Agreement”) to transfer the Excluded Liabilities to Sellers (or their designee), and Sellers agree to execute and deliver such other assumption agreements or other
documents required by any Person to effectuate the assumption of the Excluded Liabilities. 
 (c) FIRPTA Certificate. A
duly executed non-foreign person affidavit of each Seller (or, in the case of a Seller that is a disregarded entity, the Person treated as the “transferor” with respect to such Seller within the meaning of Treasury Regulations
Section 1.1445-2(b)(2)(iii)) dated as of the Closing Date, sworn under penalty of perjury and in form and substance required under the Treasury Regulations issued pursuant to Section 1445 of the Code, stating that such Seller is not a
“foreign person” as defined in Section 1445 of the Code. 
 (d) Buyer Certificates. The certificates
required by Sections 10.3(a) and (b) hereof. 
 (e) Sellers Certificates. The certificates required by Sections
10.2(a) and (b) hereof. 
 (f) Trademark Assignment. The short-form Trademark Assignment Agreement substantially in
the form attached hereto as Exhibit C (the “Trademark Assignment Agreement”), conveying certain Transferred Intellectual Property from CLC to the Company. 

(g) Equity Interests. An Assignment of Equity Interests substantially in the form attached as Exhibit F (the
“Assignment of Equity Interests”), conveying to Buyer (or its designee) all of the Equity Interests, and certificates evidencing the Equity Interests, to the extent the Equity Interests are certificated. 

(h) Resignations. Resignations, effective as of the Closing Date, of those officers of the Company as Buyer may request in writing
no less than ten (10) days prior to the Closing Date. 
 (i) Other Documents. Any other documents, instruments or
agreements which are reasonably requested that are necessary to consummate the transactions contemplated hereby and have not previously been delivered (including execution and delivery by Sellers to the Title Insurer of customary affidavits and
other documentation as to matters of title in a form reasonably acceptable to Sellers and Title Insurer to allow Title Insurer to issue the Endorsement). 

  
 15 

 ARTICLE VI. 
 REPRESENTATIONS AND WARRANTIES OF PARENT AND SELLERS 
 Parent and Sellers
represent and warrant to Buyer that the statements contained in this ARTICLE VI are true and correct as of the date of this Agreement (except as to such representations and warranties that address matters as of a particular date, which are given
only as of such date). 
 Section 6.1 Organization of Parent and Sellers. Parent and Sellers are each duly organized
and validly existing under the laws of its state of organization and has all requisite power and authority to own, lease and operate its assets and to carry on its business as now being conducted. Parent and Sellers are each duly qualified or
licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary, except where the failure to be
so qualified, licensed or in good standing would not, individually or in the aggregate, be reasonably likely to (x) have a material adverse effect on Parent or Sellers or a Company Material Adverse Effect or (y) materially impair or
materially delay the Closing. Each Seller is a direct or indirect wholly-owned Subsidiary of Parent. 
 Section 6.2
Authority; No Conflict; Required Filings and Consents. 
 (a) Parent and each Seller have all requisite power and
authority to enter into this Agreement and each of the Ancillary Agreements to which it is a party and to consummate the transactions contemplated hereby and thereby. Parent’s and each Sellers’ execution and delivery of this Agreement and
each Ancillary Agreement to which it is a party and the consummation by Parent and Sellers of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of Parent and Sellers. This Agreement has
been, and each Ancillary Agreement will be at or prior to the Closing, duly executed and delivered by Parent and Sellers and, assuming the due authorization, execution and delivery by the other parties hereto and thereto, this Agreement constitutes,
and each Ancillary Agreement when so executed and delivered will constitute, the valid and binding obligation of Parent and Sellers, enforceable against Parent and Sellers in accordance with their respective terms, subject, as to enforcement, to
(i) applicable bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereinafter in effect affecting creditors’ rights generally and (ii) general principles of equity. 

(b) The execution and delivery by Parent and each Seller of this Agreement and each Ancillary Agreement to which it is a party does not,
and the consummation by Parent and Sellers of the transactions contemplated hereby and thereby and the compliance by Parent and Sellers with any provisions hereof or thereof will not, (i) conflict with, or result in any violation or breach of,
any provision of the organization documents of Parent or Sellers, (ii) result in any violation or breach of, or constitute (with or without notice or lapse of time, or both) a default (or give rise to a right of termination, cancellation or
acceleration of any obligation or loss of any material benefit) under, or require a consent or waiver under, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, Contract or obligation to which Parent or Sellers
are a party or by which Parent or Sellers or the Purchased 

  
 16 

 
Assets may be bound, (iii) result in the creation of any Lien or Encumbrance (other than Permitted Liens and Permitted Encumbrances) on any of the Purchased Assets pursuant to, any note,
bond, mortgage, indenture, agreement, lease, license, permit, franchise, instrument, obligation or other Contract to which Parent or Sellers are a party or by which Parent or Sellers or the Purchased Assets may be bound or affected, or
(iv) subject to the governmental filings and other matters referred to in Section 7.2(c) hereof, conflict with or violate any permit, concession, franchise, license, judgment, or Law applicable to Parent or Sellers or the Purchased Assets,
except, in the case of clauses (ii), (iii) and (iv), for any such breaches, conflicts, violations, defaults, terminations, cancellations, accelerations, losses or failures to obtain any such consent or waiver which would not, individually or in
the aggregate, be reasonably likely to (x) have a material adverse effect on Parent or Sellers or a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. 

(c) No consent, approval, finding of suitability, license, permit, waiver, order or authorization of, or registration, declaration or
filing with, any court, administrative agency, commission, Gaming Authority or other governmental or regulatory authority or instrumentality (“Governmental Entity”) is required by or with respect to Parent or Sellers in connection
with the execution and delivery of this Agreement or the Ancillary Agreements by Parent and Sellers, the compliance by Parent and Sellers with any of the provisions hereof or thereof, or the consummation by Parent and Sellers of the transactions to
which they are a party that are contemplated hereby, except for (i) the filing of the notification under, and compliance with any other applicable requirements of, the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the
rules and regulations promulgated thereunder (the “HSR Act”), (ii) any approvals and filing of notices required under the Gaming Laws, (iii) such consents, approvals, orders, authorizations, permits, filings, declarations
or registrations related to, or arising out of, compliance with statutes, rules or regulations regulating the consumption, sale or serving of alcoholic beverages or tobacco or the renaming or rebranding of the operations at the Real Property,
(iv) such other filings, consents, approvals, findings of suitability, licenses, waivers, orders, authorizations, permits, registrations and declarations as may be required under the Laws of any jurisdiction in which Parent and Sellers conduct
any business or own any assets, the failure of which to make or obtain would not, individually or in the aggregate, be reasonably likely to have a material adverse effect on Parent or Sellers or a Company Material Adverse Effect and (v) any
consents, approvals, orders, authorizations, registrations, permits, declaration or filings required by Buyer or any of its Subsidiaries, Affiliates or key employees (including under the Gaming Laws). 

Section 6.3 Title to Equity Interests. Sellers are the record and beneficial owners of all Equity Interests, free and clear
of all Liens, Encumbrances or any other restrictions on transfer other than restrictions on transfer arising under applicable securities Laws. Sellers are not party to any option, warrant, purchase right or other Contract (other than this Agreement)
obligating Sellers to sell, transfer, pledge or otherwise dispose of Equity Interests. Sellers are not a party to any voting trust, proxy or other agreement or understanding with respect to the Equity Interests. 

Section 6.4 Litigation. There is no action, suit or proceeding, claim, arbitration or investigation against Parent or
Sellers, pending, or as to which Parent or Sellers have received 

  
 17 

 
any written notice of assertion or which, to Sellers’ knowledge, have been threatened against, Sellers, the Purchased Assets, the Real Property or the Business before any Governmental Entity
that, individually or in the aggregate, would be reasonably likely to have a Company Material Adverse Effect or materially impair or materially delay the Closing. 
 ARTICLE VII. 
 REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 The Company represents and warrants to Buyer that the statements contained in this ARTICLE VII are true and correct as of
the date of this Agreement and as of the Closing (except as to such representations and warranties that address matters as of a particular date, which are given only as of such date), except as expressly set forth herein and in the corresponding
section of the Disclosure Letter delivered by the Company to Buyer herewith (the “Company Disclosure Letter”). The Company Disclosure Letter shall be arranged in paragraphs corresponding to the numbered and lettered paragraphs
contained in this Agreement and the disclosure in any paragraph shall, to the extent reasonably apparent on the face of such disclosure that the matter disclosed is relevant to another paragraph in this Agreement, qualify such other paragraph.

 Section 7.1 Organization of the Company; Capitalization. The Company is duly organized and validly existing under
the laws of its state of organization and has all requisite power and authority to own, lease and operate its assets and to carry on the Business as now being conducted. The Company is duly qualified or licensed to do business and is in good
standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification or licensing necessary, except where the failure to be so qualified, licensed or in good
standing would not, individually or in the aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. All of the Equity Interests are duly authorized, validly
issued, fully paid and nonassessable and were issued in compliance with all applicable Laws. No Person has any rights in, or rights to acquire from the Company, any other equity related interests of the Company or any other securities convertible
into, or exercisable or exchangeable for, equity interests of the Company. There are no outstanding options, warrants or other securities or subscription, preemptive or other rights convertible into or exchangeable or exercisable for any equity or
voting interests of the Company and there are no “phantom stock” rights, stock appreciation rights or other similar rights with respect to the Company. The Company does not own any direct or indirect equity interest, participation or
voting right in any other Person or any options, warrants, convertible securities, exchangeable securities, subscription rights, preemptive rights, rights of first refusal, conversion rights, exchange rights, repurchase rights, stock appreciation
rights, phantom stock, profit participation or other similar rights in or issued by any other Person. 
 Section 7.2
Authority; No Conflict; Required Filings and Consents. 
 (a) The Company has all requisite power and authority to enter
into this Agreement and each of the Ancillary Agreements to which it is a party and to consummate the transactions contemplated hereby and thereby. The Company’s execution and delivery of this Agreement and each Ancillary Agreement to which it
is a party and the consummation by the 

  
 18 

 
Company of the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of the Company. This Agreement has been, and each Ancillary Agreement
will be at or prior to Closing, duly executed and delivered by the Company party thereto and, assuming the due authorization, execution and delivery by the other parties hereto and thereto, this Agreement constitutes, and each Ancillary Agreement
when so executed and delivered will constitute, the valid and binding obligation of the Company, enforceable against the Company in accordance with their respective terms, subject, as to enforcement, to (i) applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws now or hereinafter in effect affecting creditors’ rights generally and (ii) general principles of equity. 
 (b) The execution and delivery by the Company of this Agreement and each Ancillary Agreement to which it is a party, the consummation by the Company of the transactions contemplated hereby and thereby,
and the compliance of the Company with any provisions hereof or thereof, does not or will not, (i) conflict with, or result in any violation or breach of, any provision of the organization documents of the Company, (ii) result in any
violation or breach of, or constitute (with or without notice or lapse of time, or both) a default (or give rise to a right of termination, cancellation or acceleration of any obligation or loss of any material benefit) under, or require a consent
or waiver under, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, Contract or obligation to which the Company is a party or by which the Company or the Purchased Assets may be bound, (iii) result in the
creation of any Lien or Encumbrance (other than Permitted Liens and Permitted Encumbrances) on any of the Purchased Assets pursuant to, any note, bond, mortgage, indenture, agreement, lease, license, permit, franchise, instrument, obligation or
other Contract to which the Company is a party or by which the Company or the Purchased Assets may be bound or affected, or (iv) subject to the governmental filings and other matters referred to in Section 7.2(c) hereof, conflict with or
violate any permit, concession, franchise, license, judgment, or Law applicable to the Company or the Purchased Assets, except, in the case of clauses (ii), (iii) and (iv), for any such breaches, conflicts, violations, defaults, terminations,
cancellations, accelerations, losses or failures to obtain any such consent or waiver which would not, individually or in the aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or
materially delay the Closing. 
 (c) No consent, approval, finding of suitability, license, permit, waiver, order or
authorization of, or registration, declaration or filing with, any Governmental Entity is required by or with respect to the Company in connection with the execution and delivery of this Agreement or the Ancillary Agreements by the Company or the
consummation by the Company of the transactions to which it is a party that are contemplated hereby, except for (i) the filing of the notification under, and compliance with any other applicable requirements of, the HSR Act, (ii) any
approvals and filing of notices required under the Gaming Laws, (iii) such consents, approvals, orders, authorizations, permits, filings, declarations or registrations related to, or arising out of, compliance with statutes, rules or
regulations regulating the consumption, sale or serving of alcoholic beverages or tobacco or the renaming or rebranding of the operations at the Real Property, (iv) such other filings, consents, approvals, findings of suitability, licenses,
waivers, orders, authorizations, permits, registrations and declarations as may be required under the Laws of any jurisdiction in which the Company conducts any business or owns any Purchased Assets, the failure of which to make or obtain would not,
individually or in the 

  
 19 

 
aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing, and (v) any consents, approvals, orders,
authorizations, registrations, permits, declaration or filings required by Buyer or any of its Subsidiaries, Affiliates or key employees (including under the Gaming Laws). 
 Section 7.3 Financial Statements. 
 (a) Section 7.3 of the Company
Disclosure Letter contains a true and complete copy of the audited financial statements of the Company for the twelve (12) months ended December 31, 2011 and December 31, 2010 (the “Financial Information”). Except as
noted therein, the Financial Information was prepared in accordance with GAAP in effect at the time of such preparation applied on a consistent basis throughout the periods involved and fairly presents in all material respects the financial position
and results of operations of the Business as of such date and the results of the Business for such period. No representation or warranty is made that Buyer will be able to operate the Business for the costs reflected in the Financial Information.

 (b) The Company has devised and maintained systems of internal accounting controls sufficient to provide reasonable
assurances that (i) transactions are executed in accordance with management’s general or specific authorization, (ii) transactions are recorded as necessary to permit the preparation of the Financial Information in conformity with
GAAP, to the extent applicable, or the Company’s internal accounting principles and to maintain proper accountability for items, (iii) access to its property and assets is permitted only in accordance with management’s general or
specific authorization and (iv) the recorded accountability for items is compared with the actual levels at reasonable intervals and appropriate action is taken with respect to any differences. 

(c) The Financial Information was prepared from the books and records of the Company, which (i) have been maintained in material
compliance with applicable legal and accounting requirements and reasonable business practices, (ii) are in all material respects complete and correct and fairly reflect, in all material respects, all dealings and transactions in respect of the
Business and the assets and liabilities thereof, and (iii) represent the financial information which is included in the consolidated audited financial statements of Parent. 

Section 7.4 No Undisclosed Liabilities. Except (i) as set forth in the Financial Information, (ii) for Excluded
Liabilities and (iii) for Liabilities incurred since December 31, 2011 in the Ordinary Course of Business, the Company has no Liabilities which would, individually or in the aggregate, reasonably be expected to cause a Company Material
Adverse Effect. 
 Section 7.5 Taxes. 
 (a) Except as would not, individually or in the aggregate, reasonably be expected to cause a Company Material Adverse Effect, the Company has timely filed with the appropriate Governmental Entities all
Tax Returns required to be filed by the Company and all such Tax Returns are true, complete and accurate. The Company has timely paid all Taxes due from the Company whether or not shown on such Tax Returns or the Company has established an adequate
reserve therefor in the Financial Information in accordance with GAAP, except as would not, individually or in the aggregate, reasonably be expected to cause a Company Material Adverse Effect. 

  
 20 

 (b) Other than as set forth on Section 7.5(b)(i) of the Company Disclosure Letter ,
there are no claims, actions, audits or other proceedings with any Governmental Entities are presently ongoing or pending or threatened in writing in respect of any material Taxes of the Company. There are no outstanding waivers extending the
statutory period of limitation relating to Taxes of the Company. Schedule 7.5(b)(ii) of the Company Disclosure Letter lists each agreement with any Governmental Entity with respect to any material Tax holiday or other material Tax incentive
currently in effect with respect to the Company or the Purchased Assets, and Sellers have delivered or made available to Buyer a copy of any such agreement with the relevant Governmental Entity. 

(c) There are no Liens for Taxes (other than Permitted Liens) on the Company or any Purchased Assets, except as which would not,
individually or in the aggregate, reasonably be expected to cause a Company Material Adverse Effect. None of the Purchased Assets are required to be treated for Tax purposes as owned by a Person other than the Company. Except as would not,
individually or in the aggregate, reasonably be expected to cause a Company Material Adverse Effect, (i) the Company has complied in all respects with all Laws relating to the payment and withholding of Taxes, including with respect to payments
made to employees, independent contractors, shareholders or other Persons, and (ii) all Persons classified by the Company as independent contractors are correctly classified for Tax purposes. 

(d) The Company is not a party to or bound by any Tax sharing, Tax indemnity, or Tax allocation agreement other than any such agreements
that are customary ordinary course commercial contracts not primarily related to Taxes. No “closing agreements” described in Section 7121 of the Code (or any comparable provision of state, local or foreign Law) have been entered into
by or with respect to the Company and no Tax ruling has been requested or received by or with respect to the Company, in each case, that (x) would bind Buyer or any of its Affiliates (including the Company) after the Closing and (y) would
have, or reasonably be expected to have, a material effect on the Purchased Assets, the Business, Buyer, any Affiliate of Buyer or the Company after the Closing. 
 (e) The Company has not entered into any “listed transaction” within the meaning of Treasury Regulations Section 1.6011-4(b)(2). Neither Buyer nor the Company will be required to include
any material item of income in, or exclude any material item of deduction from, taxable income for any Post-Closing Period as a result of any (i) adjustment required by reason of a change in method of accounting for a Pre-Closing Period under
Section 481(c) of the Code (or any corresponding or similar provision of state, local or foreign Law), or (ii) installment sale or intercompany transaction made prior to the Closing. 

(f) The Company has not distributed the capital stock of any corporation in a transaction intended to qualify under Section 355 of
the Code within the past two years prior to the date of this Agreement, nor has the Company been distributed in a transaction intended to qualify under Section 355 of the Code within the past two years prior to the date of this Agreement. The
Company is and since 2002 has been classified as a partnership for federal 

  
 21 

 
income tax purposes, and during this period neither the Company nor any of its Affiliates has received any written notice from any Governmental Entity challenging such classification and no
Affiliate has taken a position inconsistent with such classification. Since 2002 and, to the knowledge of the Company, from the formation of the Company to 2002, the Company has never been a member of any consolidated, combined, unitary or
affiliated Tax Return group. The Company does not own stock or other equity interests, for tax purposes or otherwise, in any corporation, partnership or other entity. 
 Section 7.6 Real Property. 
 (a) All Real Property owned by the Company is
described on Section 7.6(a) of the Company Disclosure Letter (the “Owned Real Property”). The Company has valid and insurable (at ordinary rates) fee simple title to the Owned Real Property subject, in each case, to all
Permitted Liens and Permitted Encumbrances. 
 (b) The Company does not lease any Real Property. 

(c) There are no actions, proceedings, governmental investigations, arbitrations, unsatisfied orders or judgments, actions, litigation,
suits, or other proceedings, pending (or, to the Company’s knowledge, overtly contemplated or threatened) against the Company or otherwise relating to the Real Property or the interests of the Company therein, which would be reasonably likely
to interfere with the use, ownership, improvement, development and/or operation of the Real Property; in each case except for such actions, proceedings or litigation, which, individually or in the aggregate, would not be reasonably likely to
(x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. 
 (d) There are
no pending condemnation, eminent domain, or similar proceedings or actions pending or, to the Company’s knowledge, threatened with regard to the Real Property. 
 (e) There are no violations or alleged violations of any Laws with respect to the Real Property, including but not limited to zoning and the Americans with Disabilities Act matters which would,
individually or in the aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. To the Company’s knowledge, there are no material inquiries, complaints,
proceedings or investigations (excluding routine, periodic inspections) pending regarding compliance of the Real Property with any such Laws. 
 (f) To the Company’s knowledge, all material Improvements located on, under, over or within the Real Property (including chillers and elevators), and all other aspects of each parcel of Real
Property, are in good operating condition and repair and are structurally sound and free of any material defects. 
 (g) The
Company has not filed notices of protest or appeal against, or commenced proceedings to recover, real property tax assessments against any of the Real Property. 

  
 22 

 Section 7.7 Intellectual Property. 

(a) Section 7.7(a)(1) of the Company Disclosure Letter lists all of the trademark and service mark registrations and applications
owned by the Company and Caesars License Company, LLC, an indirect wholly-owned subsidiary of Parent (“CLC”) as of the date hereof and used exclusively in connection with the operation of the Business, and all of the Internet domain
names registered by or for the benefit of the Company or CLC and used exclusively in the Business (collectively, the “Transferred Marks and Domain Names”), which Transferred Marks and Domain Names will be owned by the Company at the
Closing. Section 7.7(a)(2) of the Company Disclosure Letter lists all issued patents or patent applications or any registered copyrights that are owned by the Company and used exclusively in the Business (“Other Transferred Registered
IP”). To the Company’s knowledge, no Transferred Marks and Domain Names or Other Transferred Registered IP are now involved in any opposition or cancellation proceeding and, to the Company’s knowledge, no such proceeding is or has
been threatened in writing with respect thereto. To the Company’s knowledge, all Transferred Marks and Domain Names and Other Transferred Registered IP are subsisting, valid and enforceable, and no abandonment, cancellation, or forfeiture of
any of the Transferred Marks and Domain Names or Other Transferred Registered IP is pending or threatened in writing. To the Company’s knowledge, neither the Company nor any of its Affiliates have received any written notice or claim
challenging the validity or enforceability of any Transferred Marks and Domain Names or Other Transferred Registered IP that remains pending or unresolved as of the date hereof. 

(b) Except as set forth on Section 7.7(b) of the Company Disclosure Letter, the Company and CLC own exclusively, free and clear of
all Liens (except for any Permitted Liens), all Transferred Intellectual Property. Neither the Company nor any of its Affiliates has received any written notice or claim challenging the Company’s or CLC’s ownership of any Transferred
Intellectual Property, in each case that remains pending or unresolved as of the date hereof. To the Company’s knowledge, as of the date hereof the Company and CLC own or possess, and at the Closing the Company will own or possess, adequate and
enforceable rights to use all Transferred Intellectual Property or Intellectual Property licensed to the Company or CLC, as applicable, pursuant to an Assumed Contract that is used in connection with the Business, as currently operated, without
material restrictions or material conditions on use (except as set forth in the Assumed Contracts). 
 (c) To the Company’s
knowledge, the Business, including the operation of the Casino and the use of any of the Transferred Intellectual Property in connection therewith, has not infringed upon, misappropriated or violated, and do not infringe upon, misappropriate or
violate, any Intellectual Property of any third party, in each case, in any material respect. Neither the Company nor any of its Affiliates has received any written notice or claim asserting that any such infringement, misappropriation, or violation
is or may be occurring or has or may have occurred that remains pending or unresolved. To the Company’s knowledge, no third party is misappropriating, infringing, or violating in a material manner any Transferred Intellectual Property.

  
 23 

 Section 7.8 Agreements, Contracts and Commitments. (i) Each Assumed
Contract is valid and binding upon the Company (and, to the Company’s knowledge, on all other parties thereto), in accordance with its terms and is in full force and effect, (ii) there is no breach or violation of or default by the Company
or, to the Company’s knowledge, by any other party under any of the Assumed Contracts, whether or not such breach, violation or default has been waived, and (iii) no event has occurred with respect to the Company or, to the Company’s
knowledge, any other party, which, with notice or lapse of time or both, would constitute a breach, violation or default of, or give rise to a right of termination, modification, cancellation, foreclosure, imposition of a Lien, prepayment or
acceleration under, any of the Assumed Contracts, which breach, violation, default, termination, modification, cancellation, foreclosure, imposition of a Lien, prepayment or acceleration referred to in clause (ii) or (iii) would,
individually or in the aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. None of Sellers, the Company or any of their Affiliates has received any written
notice (or, to the knowledge of the Company, any oral or other notice) of the intention of any Person to terminate, nor has there been any termination of, any Assumed Contract. The Company has made available to Buyer a true, correct and complete
copy of all material Assumed Contracts, together with all amendments, waivers or other changes thereto. 
 Section 7.9
Litigation. Other than as set forth on Section 7.9 of the Company Disclosure Letter, there is no action, suit or proceeding, claim, arbitration or investigation against the Company, pending, or as to which the Company has received any
written notice of assertion or, to the Company’s knowledge, threatened against, the Company, the Purchased Assets, the Real Property or the Business before any Governmental Entity, that, individually or in the aggregate, would be reasonably
likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. The Company, the Purchased Assets, the Real Property and the Business are not subject to any judgment, decree, injunction, rule
or order of any Governmental Entity or any arbitrator that individually or in the aggregate materially interfere with, or would reasonably be expected to materially interfere with, the ability of the Business to be conducted as it is currently
conducted or to utilize its properties, assets and rights as currently utilized. 
 Section 7.10 Environmental
Matters. Except as have not had and would not, individually or in the aggregate, be reasonably likely to have a Company Material Adverse Effect, (a) there are no Environmental Liabilities, (b) there are no Environmental Conditions,
(c) there is no pending or, to the Company’s knowledge, threatened enforcement action regarding an Environmental Condition or compliance with Environmental Laws with respect to the Real Property or the Business, (d) no Hazardous
Substance is located on the Real Property, except for amounts permitted by Environmental Laws as used in the Ordinary Course of Business of the Casino (e) in the past three (3) years the Company has not received a written notice from any
Governmental Entity or third party alleging a violation of any Environmental Law and (f) the Company is in compliance with all applicable Environmental Laws. The Company possesses all licenses, permits, certificates, registrations, approvals,
authorizations and consents from any Governmental Entity required under Environmental Laws with respect to operation of the Business. As promptly as reasonably practicable, and in any event within thirty (30) days of the Effective Date, the
Company will provide Buyer with true and complete copies of (i) all licenses, permits, certificates, registrations, approvals, authorizations and consents from 

  
 24 

 
any Governmental Entity issued to the Company under Environmental Laws (“Environmental Authorizations”) and (ii) all written notices received by the Company from any
Governmental Entity or third party alleging a violation of any Environmental Law that are, in each case, in the Company’s possession, custody or control. 
 Section 7.11 Permits; Compliance with Laws. 
 (a) The Company and, to
the Company’s knowledge, each of the Company’s directors, officers, key employees and Persons performing management functions similar to officers and partners hold all permits, registrations, findings of suitability, licenses, variances,
exemptions, certificates of occupancy, orders and approvals of all Governmental Entities (including all authorizations under Gaming Laws) necessary to conduct the Business (the “Company Permits”), each of which is in full force and
effect, except for such Company Permits the failure of which to hold would not, individually or in the aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing,
and no event has occurred which permits, or upon the giving of notice or passage of time or both, would permit, revocation, non-renewal, modification, suspension, limitation or termination of any of the Company Permits that are currently in effect,
the loss of which would, individually or in the aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. All Company Permits that are material to the Business,
and all permits of the Company that are pending but not yet issued, are listed in Section 7.11(a) of the Company Disclosure Letter. The Company and, to the Company’s knowledge, the Company’s directors, officers, key employees and
Persons performing management functions similar to officers and partners, are, and since January 1, 2009 have been, in compliance with the terms of the Company Permits, except for such failures to comply as would not, individually or in the
aggregate, be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. The Business is, and since January 1, 2009 has been, conducted in accordance with applicable Law
(including the Gaming Laws), except for such noncompliance which, individually or in the aggregate, does not have and would not be reasonably likely to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay
the Closing. The Company has not received notice of any investigation or review by any Governmental Entity with respect to the Real Property, the Business, the other Purchased Assets or the Assumed Liabilities that is pending, and, to the
Company’s knowledge, no investigation or review is threatened, nor has any Governmental Entity indicated any intention to conduct the same, other than those the outcome of which would not, individually or in the aggregate, be reasonably likely
to (x) have a Company Material Adverse Effect or (y) materially impair or materially delay the Closing. 
 (b) Neither
the Company nor, to the Company’s knowledge, any of the Company’s directors, officers, key employees or partners or Persons performing management functions similar to officers or partners have received any written claim, demand, notice,
complaint, court order or administrative order from any Governmental Entity in the past three (3) years under, or relating to any violation or possible violation of any Gaming Laws in connection with or related to the Business which resulted in
or would be reasonably likely to result in any material fine or penalty. To the Company’s knowledge, there are no facts, which if known to the regulators under the Gaming Laws would be reasonably likely to result in the revocation,

  
 25 

 
limitation or suspension of a license, finding of suitability, registration, permit or approval of the Company or any of its officers, directors, key employees or Persons performing management
functions similar to an officer or partner, or limited partner under any Gaming Laws, in each case in connection with or related to the Business. 
 Section 7.12 Labor Matters. 
 (a) Each Property Employee who is not a
Reserved Employee is employed by the Company or a Subsidiary thereof, and no Reserved Employee is employed by the Company or a Subsidiary thereof. As promptly as reasonably practicable, and in any event within thirty (30) days of the Effective
Date, Sellers will provide Buyer with an accurate and complete list of each Property Employee as of the date of such list stating each such individual’s (i) date of commencement of employment, (ii) current position,
(iii) business location, (iv) annual/weekly/hourly rates of compensation, (v) actual and target incentive and discretionary bonus amounts for the 2011 and 2012 calendar years, (vi) status as full or part time, (vii) accrued
vacation and (viii) credited service under the Company Benefit Plans (such list to be updated periodically between the date hereof and the Closing Date upon the reasonable request of Buyer to reflect new hires, transfers and terminations not
inconsistent with Section 9.1(t)). 
 (b) The Company is not and has not been a party to or is, bound by, or otherwise
obligated with respect to, any collective bargaining agreement, labor union contract, trade union agreement or foreign works council contract (any such arrangement, a “Labor Agreement”). There are no unfair labor practice charges,
complaints or petitions for elections pending against the Company before the National Labor Relations Board, or any similar Governmental Entity, or of which the Company has received notice. There is no strike, slowdown, work stoppage or lockout, or,
to the Company’s knowledge, threat thereof, by or with respect to any Property Employees, and no such strike, slowdown, work stoppage, lockout, or, to the Company’s knowledge, threat thereof, by or with respect to any Property Employees
has occurred in the past five years. To the Company’s knowledge, there have been no activities or proceedings of any labor union to try to organize any non-unionized Property Employees during the last five years, and there are no petitions for
elections pending against the Company before the National Labor Relations Board or any similar Governmental Entity or of which the Company or its Affiliates have received notice. 

Section 7.13 Employee Benefits. 
 (a) Section 7.13(a) of the Company Disclosure Letter sets forth an accurate and complete list of all (i) “employee welfare benefit plans,” within the meaning of Section 3(1) of
the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations thereunder (“ERISA”); (ii) “employee pension benefit plans,” within the meaning of Section 3(2) of ERISA; and
(iii) material bonus, stock option, stock purchase, restricted stock, incentive, fringe benefit, profit-sharing, pension or retirement, deferred compensation, medical, life insurance, disability, accident, salary continuation, employment,
consulting, change-in-control, retention, severance, accrued leave, vacation, sick pay, sick leave, supplemental retirement, unemployment and any other compensation or benefit plans, programs, agreements,

  
 26 

 
arrangements, commitments and/or practices (whether or not insured) for employees of Sellers and their Subsidiaries who are located at the Real Property or perform services exclusively related to
the Business (the “Property Employees”), other than the Reserved Employees (all of the foregoing plans, programs, arrangements, commitments, practices and Contracts referred to in (i), (ii) and (iii) above are referred to
as the “Company Benefit Plans”). The Company does not sponsor, maintain, or otherwise have any obligations with respect to, nor has the Company ever sponsored, maintained, or otherwise had any obligation with respect to, any
employee benefit plan, program, agreement, arrangement, commitment, practice or Contract (other than any such plan, program, agreement, arrangement, commitment, practice or Contract maintained by Sellers (or any Affiliate of Sellers other than the
Company) with respect to which (x) the Company is a sponsor or contributor as a participating employer but (y) Buyer and its Affiliates (including, following the Closing, the Company) shall have no responsibility or Liability). 

(b) True and complete copies of each of the following documents (or accurate summaries thereof) have been made available to Buyer:
(i) Company Benefit Plans, including with respect to any Company Benefit Plan that is not in writing, a written description of the material terms thereof and (ii) with respect to any Company Benefit Plan, (A) any related trust
agreement, or insurance contract or documents relating to other funding arrangements, (B) for the three (3) most recently ended plan years, all IRS Form 5500s (and any financial statements and other schedules attached thereto),
(C) all current summary plan descriptions and subsequent summaries of material modifications to the extent required under ERISA, (D) a current IRS determination or opinion letter that is intended to be qualified under Section 401(a)
of the Code if applicable; and (E) the most recent financial and actuarial valuation reports if applicable. 
 (c) Except
as disclosed in Section 7.13(c) of the Company Disclosure Letter, (i) each Company Benefit Plan that is intended to qualify under Section 401(a) of the Code has either received a favorable determination or opinion letter from the IRS
as to its qualified status or, if the remedial amendment period for such Company Benefit Plan has not yet expired, all amendments to such Company Benefit Plan that are required by the IRS through the date hereof have been adopted on a timely basis,
and each trust established in connection with any Company Benefit Plan that is intended to be exempt from federal income taxation under Section 501(a) of the Code is so exempt, and no fact or event has occurred that could affect adversely the
qualified status of any such Company Benefit Plan or the exempt status of any such trust; (ii) there has been no prohibited transaction (within the meaning of Section 406 of ERISA or Section 4975 of the Code, other than a transaction
that is exempt under a statutory or administrative exemption) with respect to any Company Benefit Plan with respect to which the Company would be reasonably expected to have any liability; (iii) no action or other administrative proceeding has
been brought, or to the Company’s knowledge, is threatened, against or with respect to any such Company Benefit Plan, including but not limited by any Property Employee (other than routine benefits claims), any audit or inquiry by the IRS or
United States Department of Labor (“DOL”), or any termination or similar proceeding by the DOL or the Pension Benefit Guaranty Corporation with respect to which the Company is reasonably expected to have any liability; and
(iv) no Company Benefit Plan is a multiemployer pension plan (as defined in Section 3(37) of ERISA) (“Multiemployer Plan”), multiple employer plan (within the meaning of Section 4063 or 4064 of ERISA or
Section 413(c) of the Code) (“Multiple Employer Plan”) or other pension plan subject to Title IV of ERISA or Section 412 of the Code. There does not now exist, nor do any circumstances exist that could result in, any
Controlled Group Liability that would be a Liability of the Company following the Closing. 

  
 27 

 (d) No Company Benefit Plan that is a “welfare benefit plan” within the meaning of
Section 3(1) of ERISA provides retiree or post-employment benefits to any Property Employees or to the employees of the Company’s ERISA Affiliates, other than pursuant to Section 4980B of the Code or any similar state Law. The Company
and its ERISA Affiliates have complied in all material respects with the provisions of Part 6 of Title I of ERISA and Sections 4980B, 9801, 9802, 9811 and 9812 of the Code with respect to the Property Employees. 

(e) Each Company Benefit Plan and each employment agreement that is being assumed by Buyer pursuant to this Agreement that is a
“nonqualified deferred compensation plan” (within the meaning of Section 409A(d)(1) of the Code) is, and has in the past been maintained, in material compliance with Section 409A of the Code. 

(f) Neither the execution or delivery of this Agreement nor the consummation of the transactions contemplated by this Agreement will,
either alone or in conjunction with any other event, (i) result in any payment or benefit becoming due or payable, or required to be provided, to any director, employee or independent contractor of the Company, (ii) increase the amount or
value of any benefit or compensation otherwise payable or required to be provided to any such director, employee or independent contractor, (iii) result in the acceleration of the time of payment, vesting or funding of any such benefit or
compensation, (iv) result in any “excess parachute payment” within the meaning of Section 280G(b)(1) of the Code or (v) or result in any limitation on the right of the Company to amend, merge, terminate or receive a
reversion of assets from any Company Benefit Plan or related trust. 
 Section 7.14 Brokers. Except for the fees and
commissions of Deutsche Bank Securities Inc. (which fees and commissions are the sole responsibility of Sellers), the Company has not employed and no Person has acted directly or indirectly as a broker, financial advisor or finder for the Company or
incurred any Liability for any brokerage fees, commissions or finder’s fees in connection with the transactions contemplated by this Agreement. 
 Section 7.15 Title to Purchased Assets. The Company has good and marketable title to, or a valid leasehold interest in, the tangible personal property constituting Purchased Assets, free and
clear of any Encumbrances or Liens other than for Permitted Encumbrances and Permitted Liens. 
 Section 7.16 Affiliate
Transactions. There are no transactions, Contracts or other obligations between the Company, on the one hand, and any officer, director or Affiliate of the Company, on the other, that will constitute an Assumed Liability or that will otherwise
continue after Closing. 
 Section 7.17 Minimum Cash. As of the Closing, the Business will have an amount of House
Funds at least equal to the minimum bankroll required by applicable Gaming Laws, if any. 

  
 28 

 Section 7.18 Vendors. As promptly as reasonably practicable, and in any event
within thirty (30) days of the Effective Date, Sellers will provide Buyer with a list of the vendors of the Business as of the date of such list, including the product or service provided by, and the principal contact information for, each such
vendor. 
 Section 7.19 Absence of Changes. Since December 31, 2011, the Business has been conducted in the
Ordinary Course of Business, and there has not been any event, occurrence, state of circumstances or facts or change that has had or that would be reasonably expected, individually or in the aggregate (x) to have a Company Material Adverse
Effect or (y) to materially impair or materially delay the Closing. 
 Section 7.20 Insurance Coverage. Sellers
and the Company maintain adequate insurance coverage in accordance with reasonable commercial standards, including material insurance policies and fidelity bonds and self-insurance programs, in each case in respect of the Purchased Assets, the Real
Property and the business and operations of the Business and its employees (collectively, the “Insurance Policies”). 
 ARTICLE VIII. 
 REPRESENTATIONS AND WARRANTIES OF BUYER 

Buyer represents and warrants to Sellers that the statements contained in this ARTICLE VIII are true and correct as of the this Agreement
and as of the Closing (except as to such representations and warranties that address matters as of a particular date, which are given only as of such date), except as expressly set forth herein and in the corresponding section of the Disclosure
Letter delivered by Buyer to Sellers herewith (the “Buyer Disclosure Letter”). The Buyer Disclosure Letter shall be arranged in paragraphs corresponding to the numbered and lettered paragraphs contained in this Agreement and the
disclosure in any paragraph shall, to the extent reasonably apparent on the face of such disclosure that the matter disclosed is relevant to another paragraph in this Agreement, qualify such other paragraph. 

Section 8.1 Organization. Buyer is duly organized, validly existing and in good standing under the laws of its state of
organization and has all requisite corporate power and authority to carry on its business as now being conducted. Buyer is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or
operated by it or the nature of the business conducted by it makes such qualification or licensing necessary, except where the failure to be so qualified, licensed or in good standing would not, individually or in the aggregate, be reasonably likely
to have a Buyer Material Adverse Effect. 
 Section 8.2 Authority; No Conflict; Required Filings and Consents.

 (a) Buyer has all requisite corporate power and authority to enter into this Agreement and each of the Ancillary Agreements to
which it is a party and to consummate the transactions contemplated hereby and thereby. Buyer’s execution and delivery of this Agreement and each of the Ancillary Agreements to which it is a party and the consummation by Buyer of the
transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of Buyer. This Agreement has been, and each Ancillary Agreement will be at or prior to the Closing, duly executed and delivered by Buyer and,
assuming the due 

  
 29 

 
authorization, execution and delivery of the other partiers hereto, this Agreement constitutes, and each Ancillary Agreement when so executed and delivered will constitute, the valid and binding
obligation of Buyer, enforceable against Buyer in accordance with their respective terms, subject, as to enforcement, to (i) applicable bankruptcy, insolvency, reorganization, moratorium or similar laws now or hereinafter in effect affecting
creditors’ rights generally and (ii) general principles of equity. 
 (b) The execution and delivery by Buyer of this
Agreement and each Ancillary Agreement to which it is a party does not, and the consummation by Buyer of the transactions contemplated hereby and thereby and the compliance by Buyer with any provisions hereof or thereof will not, (i) conflict
with, or result in any violation or breach of, any provision of the organizational documents of Buyer, (ii) result in any violation or breach of, or constitute (with or without notice or lapse of time, or both) a default (or give rise to a
right of termination, cancellation or acceleration of any obligation or loss of any material benefit) under, or require a consent or waiver under, any of the terms, conditions or provisions of any note, bond, mortgage, indenture, lease, Contract or
obligation to which Buyer is a party or by which Buyer or any of its properties or assets may be bound, or (iii) subject to the governmental filings and other matters referred to in Section 8.2(c) hereof, conflict with or violate any
permit, concession, franchise, license, judgment, or Law applicable to Buyer or any of its properties or the assets, except, in the case of clauses (ii) and (iii), for any such breaches, conflicts, violations, defaults, terminations,
cancellations, accelerations, losses or failures to obtain any consent or waiver which would not, individually or in the aggregate, be reasonably likely to (x) have a Buyer Material Adverse Effect or (y) materially impair or materially
delay the Closing. 
 (c) No consent, approval, finding of suitability, license, permit, waiver, order or authorization of, or
registration, declaration or filing with, any Governmental Entity is required by or with respect to Buyer or its Affiliates in connection with the execution and delivery of this Agreement or the Ancillary Agreements by Buyer, the compliance by
Sellers with any of the provisions hereof or thereof, or the consummation by Buyer of the transactions that are contemplated hereby, except for (i) the filing of the notification report under, and compliance with any other applicable
requirements of, the HSR Act, (ii) any approvals and filing of notices required under the Gaming Laws, (iii) such consents, approvals, orders, authorizations, permits, filings, declarations or registrations related to, or arising out of,
compliance with statutes, rules or regulations regulating the consumption, sale or serving of alcoholic beverages or tobacco or the renaming or rebranding of the operations at the Real Property, (iv) such other filings, consents, approvals,
findings of suitability, licenses, waivers, orders, authorizations, permits, registrations and declarations as may be required under the Laws of any jurisdiction in which Buyer conducts any business or owns any assets, the failure of which to make
or obtain would not, individually or in the aggregate, be reasonably likely to (x) have a Buyer Material Adverse Effect or (y) materially impair or materially delay the Closing and (v) any consents, approvals, orders, authorizations,
registrations, permits, declaration or filings required by Parent, Sellers or the Company or any of their Subsidiaries, Affiliates or key employees (including under the Gaming Laws). 

Section 8.3 Brokers. Neither Buyer nor any of its Representatives have employed, and no Person has acted directly or
indirectly as a broker, financial advisor or finder for Buyer or incurred any Liability for any brokerage fees, commissions or finder’s fees in connection with the transactions contemplated by this Agreement. 

  
 30 

 Section 8.4 Financing. Buyer will have available at the Closing sufficient funds
to enable Buyer to pay (x) the sum of the Purchase Price, the Estimated Closing Payment and the Estimated Operations Payment and (y) the Final Closing Payment and the Final Operations Payment, in each case pursuant to Section 4.2
hereof. 
 Section 8.5 Licensability of Principals. Except as set forth in Section 8.5 of the Buyer Disclosure
Letter, neither Buyer nor any of its current Representatives or Affiliates (collectively the “Buyer Related Parties”) has ever withdrawn, been denied, or had revoked, a gaming license or related finding of suitability by a
Governmental Entity or Gaming Authority within the last five (5) years. Buyer and each of the Buyer Related Parties are in good standing in each of the jurisdictions in which Buyer or any Buyer Related Party owns or operates gaming facilities.
To Buyer’s knowledge, as of the date hereof, there are no facts, which if known to the Gaming Authorities would (a) be reasonably likely to result in the denial, revocation, limitation or suspension of a gaming license currently held or
other Gaming Approval, or (b) result in a negative outcome to any finding of suitability proceedings currently pending, or under the suitability proceedings necessary for the consummation of this Agreement. Buyer is not aware of any material
investigations of it or any of its subsidiaries operating in Missouri which investigations could result in revocation of or material discipline related to its Class A License. 

Section 8.6 Permits; Compliance with Gaming Laws. 
 (a) Buyer, and to its knowledge, each of its Affiliates, directors, officers, key employees and Persons performing management functions similar to officers and partners holds all permits, registrations,
findings of suitability, licenses, variances, exemptions, certificates of occupancy, orders and approvals of all Governmental Entities (including all authorizations under Gaming Laws) necessary to conduct the business and operations of Buyer (the
“Buyer Permits”), each of which is in full force and effect except for such Buyer Permits, the failure of which to hold would not, individually or in the aggregate, be reasonably likely to (x) have a Buyer Material Adverse
Effect or (y) materially impair or materially delay the Closing, and no event has occurred which permits, or upon the giving of notice or passage of time or both would permit, revocation, non-renewal, modification, suspension, limitation or
termination of the Buyer Permits that are currently in effect, the loss of which would, individually or in the aggregate, be reasonably likely to (x) have a Buyer Material Adverse Effect or (y) materially impair or materially delay the
Closing. Buyer, and to Buyer’s knowledge, Buyer’s directors, officers, key employees and Persons performing management functions similar to officers and partners are, and since January 1, 2009 have been, in compliance with the terms
of the Buyer Permits, except for such failures to comply, as would not, individually or in the aggregate, be reasonably likely to (x) have a Buyer Material Adverse Effect (y) materially impair or materially delay the Closing. Buyer has not
received notice of any investigation or review by any Governmental Entity with respect to Buyer that is pending, and, no investigation or review is threatened, nor has any Governmental Entity indicated any intention to conduct the same, other than
those the outcome of which would not, individually or in the aggregate, be reasonably likely to (x) have a Buyer Material Adverse Effect or (y) materially impair or materially delay the Closing. 

  
 31 

 (b) Neither Buyer, nor any director, officer, key employee or partner of Buyer or its
Affiliates has received any written claim, demand, notice, complaint, court order or administrative order from any Governmental Entity in the past three (3) years under, or relating to, any violation or possible violation of any Gaming Laws,
other than as would not reasonably be expected, individually or in the aggregate, to (i) have a Buyer Material Adverse Effect or (ii) materially impair or materially delay the Closing. To the knowledge of Buyer, there are no facts, which
if known to the regulators under the Gaming Laws could reasonably be expected to result in the revocation, limitation or suspension of a license, finding of suitability, registration, permit or approval of Buyer or its Affiliates, or any of their
officers, directors, key employees or Persons performing management functions similar to an officer or partner, or limited partner under any Gaming Laws. Neither Buyer nor any officer, director, key employee or Person performing management function
similar to an officer or partner of Buyer or their Affiliates, has suffered a suspension or revocation of any Buyer Permit held under the Gaming Laws, other than as would not reasonably be expected, individually or in the aggregate, to (i) have
a Buyer Material Adverse Effect or (ii) materially impair or materially delay the Closing. 
 Section 8.7 Waiver of
Buyer’s Further Due Diligence Investigation. Subject to ARTICLE XIII hereof, Buyer acknowledges that it is familiar with the Purchased Assets and has had the opportunity, directly or through its representatives to inspect the Purchased
Assets and conduct due diligence activities. Without limitation of the foregoing, Buyer acknowledges that the Purchase Price has been negotiated based on Buyer’s express agreement that there would be no contingencies to the Closing other than
the conditions set forth in ARTICLE X hereof. Further, without limiting any representation, warranty, covenant, obligation or condition of Sellers or the Company expressly set forth herein, Buyer acknowledges that it has waived and hereby waives as
a condition to the Closing any further due diligence reviews, inspections or examinations with respect to the Real Property, including with respect to engineering, environmental, survey, financial, operational, regulatory and legal compliance
matters. 
 Section 8.8 Litigation. There are no actions, claims, suits or proceedings pending or, to Buyer’s
knowledge, threatened against Buyer before any Governmental Entity, which, if determined adversely, could prevent or materially delay Buyer from completing the transactions contemplated by this Agreement. 

ARTICLE IX. 

COVENANTS 

Section 9.1 Conduct of Business Prior to the Closing. During the period from the date of this Agreement and continuing until
the earlier of the termination of this Agreement or the Closing, subject to any written instructions of any Governmental Entity and to the limitations set forth below, Sellers shall cause the Company to (except to the extent as expressly provided by
this Agreement or to the extent that Buyer shall otherwise grant its prior consent in writing, which consent may not be unreasonably withheld, conditioned or delayed) carry on the Business in the Ordinary Course of Business, including the payment of
its debts and Taxes when due (subject to good faith disputes over such debts or Taxes, provided that, in the case of disputes 

  
 32 

 
over such Taxes, the Company’s failure to pay such Taxes when due would not, individually or in the aggregate, have an adverse effect on Buyer or any of its Affiliates (including, following
the Closing, the Company) that is material), and use commercially reasonable efforts consistent with past practices and policies to maintain the effectiveness of the Company Permits, preserve the Purchased Assets, preserve intact the present
business organization, keep available the services of its present officers and key employees and preserve relationships with customers, suppliers, distributors and others having business dealings with the Company with respect to the Business,
perform in all material respects all of its obligations under the Assumed Contracts, comply with all applicable Laws in all material respects and maintain the books and records of the Company in the Ordinary Course of Business. Without limiting the
generality of the foregoing, except as expressly provided by this Agreement or as disclosed on Section 9.1 of the Company Disclosure Letter, during the period from the date of this Agreement and continuing until the earlier of the termination
of this Agreement or the Closing, without the prior written consent of Buyer (which consent shall not be unreasonably withheld, conditioned or delayed), the Company shall not, and Sellers, with respect to subsections (e), (f), (l), (m) and
(u) below, shall not: 
 (a) sell, transfer, lease, dispose of, grant or otherwise authorize the sale, transfer, lease,
disposition, grant of, any of the Purchased Assets (other than a Permitted Encumbrance), except for (i) sales of current assets in the Ordinary Course of Business, (ii) sales of equipment and other non-current assets in the Ordinary Course
of Business which, individually, do not exceed $25,000 or which, in the aggregate, do not exceed $500,000, or (iii) leases of the Real Property that are terminable, without the payment of any consideration for early termination, on no more than
one hundred eighty (180) days’ notice; 
 (b) incur any Liabilities that are Assumed Liabilities, except for
Liabilities incurred (i) pursuant to Section 9.1(p), or (ii) in the Ordinary Course of Business not exceeding $100,000 individually or $250,000 in the aggregate; 

(c) enter into, modify, amend, terminate or renew any of the Assumed Contracts or waive, release or assign any material rights or claims
related to any Assumed Contracts, except (i) for modifications or amendments in the Ordinary Course of Business that would not reasonably be expected to have an adverse economic impact on the Business in excess of $100,000 individually or
$250,000 in the aggregate and do not otherwise impair any material right or claim related to the Assumed Contract or impose or renew any material restriction on the Company, (ii) for renewals in the Ordinary Course of Business for a term of
twelve (12) months or less or (iii) as required by applicable Law; 
 (d) subject any of the Purchased Assets to or
suffer or permit the creation on the Purchase Assets of a Lien or Encumbrance, other than Permitted Liens or Permitted Encumbrances created in the Ordinary Course of Business; 
 (e) fail to maintain its existing insurance coverage of all types relating to Purchased Assets (however, in the event any such coverage shall be terminated or lapse, or any claim is made against such
coverage that causes the amount of insurance coverage to cease to be adequate in accordance with reasonable commercial standards, Sellers shall notify Buyer as 

  
 33 

 
promptly as practicable, so that Buyer may purchase “gap” insurance at its option, and shall use their commercially reasonable efforts to procure substantially similar substitute
insurance policies, which in all material respects are in at least such amounts, subject to the same deductibles, and against such risks as are currently covered by such policies); 

(f) amend the Company’s certificate of formation or operating agreement (or similar organizational documents), or any terms of their
outstanding equity interests or other securities; 
 (g) enter into a plan of consolidation, merger, share exchange or
reorganization with any Person, effect any recapitalization, reclassification or other change in their capitalization, or adopt a plan of complete or partial liquidation; 
 (h) waive, release or assign any material rights or material claims that would otherwise constitute a Purchased Asset, except as contemplated by this Agreement; 

(i) enter into any material transaction or transaction outside of the Ordinary Course of Business with any Affiliate relating to the
Business to the extent such transaction would be an Assumed Liability or an Assumed Contract; 
 (j) enter into any Contract the
effect of which would be to grant to a third party any license to use any Transferred Intellectual Property; 
 (k) enter into
any settlement, consent decree or other agreement or arrangement with a third party or Governmental Entity other than (i) as does not involve the institution of mandated new procedures or other business conduct or the imposition of equitable or
similar relief on the Company and (ii) is not reasonably likely to result in the revocation, limitation or suspension of any Company Permit; 
 (l) expend any insurance, condemnation awards or other compensation awarded for loss or damage to any Purchased Asset; 
 (m) issue or sell or encumber any Equity Interests or any securities convertible into, or rights to acquire, any Equity Interests; 
 (n) purchase any equity interests in or securities of, or make any other investment in or loans or advances to, any Person; 
 (o) except in the Ordinary Course of Business, acquire any material assets that would constitute Purchased Assets; 
 (p) fail to make maintenance capital expenditures, in the Ordinary Course of Business, in a total amount equal to the pro rata portion of the aggregate maintenance capital expenditures for the twelve
months beginning on the effective date contemplated by the capital budget set forth in Section 9.1(p) of the Company Disclosure Letter (“Required Capital Expenditures”); 

  
 34 

 (q) engage in any new line of business; 

(r) make any material change to its financial accounting methods, principles or practices, except as may be required by Law or by GAAP;

 (s) make, change or revoke any Tax election, change any of its methods of reporting income or deductions for Tax purposes,
compromise any Tax liability or settle any Tax claim, audit or dispute, or file any amended Tax Return except, in each case, for any action that would not, individually or in the aggregate, have an adverse effect on Buyer or any of its Affiliates
(including, following the Closing, the Company) that is material; or 
 (t) except (1) as required by a Company Benefit
Plan as in effect on the date hereof, (2) as required by applicable Law, (3) in the Ordinary Course of Business or (4) as a result of changes or actions by Parent that are not solely directed at the Company or the Property Employees,
(i) enter into, adopt, amend or terminate any employee benefit plan, program, agreement, arrangement, commitment or practice for the benefit or welfare of any Property Employee, other than immaterial amendments that will not result in increased
cost to Buyer and its Affiliates (including, following the Closing, the Company and its Subsidiaries), (ii) increase the compensation or benefits payable to any Property Employee or pay any amounts to any Property Employee not otherwise due,
(iii) enter into any new, or amend any existing, Labor Agreement or similar agreement with respect to the Company, (iv) provide any funding for any rabbi trust or similar arrangement, or (v) (A) transfer any employee who is a
Property Employee as of the date of this Agreement to an employing entity other than the Company or to a location other than the Real Property, or otherwise change such employee’s duties or employer so that the employee would no longer
constitute a Property Employee, (B) take any action that results in the number of Property Employees on the Closing Date exceeding the number of Property Employees on the date of this Agreement or (C) transfer the employment of any
Reserved Employee to the Company; or 
 (u) enter into a Contract to do any of the foregoing, or to authorize or announce an
intention to do any of the foregoing. 
 It is agreed and understood that if Buyer does not grant or deny consent to a proposed
action within five (5) business days of receipt of the written request by Sellers to take such action by the individuals set forth in Section 9.1 of the Buyer Disclosure Letter at the email addresses set forth therein, Buyer shall be
deemed to have consented to such action notwithstanding any other provision of this Section 9.1. Except as expressly contemplated by this Agreement, nothing contained in this Agreement shall give Buyer, directly or indirectly, the right to
control or direct the Company’s operations prior to the Closing. Prior to the Closing, the management of the Company shall exercise, consistent with and in accordance with the terms and conditions of this Agreement, complete control and
supervision over the operations of the Company. 
 Section 9.2 Cooperation; Notice; Cure. 

(a) Subject to compliance with applicable Law (including antitrust Laws and Gaming Laws), from the date hereof until the Closing, Sellers
and Buyer shall confer on a 

  
 35 

 
regular basis with one or more Representatives of the other party to discuss the general status of the Business. Sellers and the Company shall, to the fullest extent permitted by Law (including
antitrust Laws and Gaming Laws), provide up to four (4) Representatives designated by Buyer (the “Designated Buyer Representatives”) with reasonable access to the Reserved Employees during normal business hours, and shall use
their reasonable best efforts to assist the Designated Buyer Representatives in familiarizing themselves with the operation of the Business. 
 (b) Sellers and Buyer shall promptly notify the other in writing of, and will use all commercially reasonable efforts to cure before the Closing Date, any event, transaction or circumstance, as soon as
practical after it becomes known to such party, that causes or is reasonably expected to cause any representation, covenant or agreement of Parent, Sellers, the Company or Buyer under this Agreement to be breached in any material respect or that
renders or is reasonably expected to render untrue in any material respect any representation or warranty of Parent, Sellers, the Company or Buyer contained in this Agreement. Nothing contained in Section 9.1 above shall prevent Sellers or the
Company from giving such notice, using such efforts or taking any action to cure any such event, transaction or circumstance. No notice given pursuant to this Section 9.2 shall have any effect on the representations, warranties, covenants or
agreements contained in this Agreement for purposes of determining satisfaction of any condition contained herein. 

Section 9.3 No Solicitation. Prior to the earlier of the Closing and the termination of this Agreement in accordance with
Section 11.1 hereof, neither Parent, Sellers, the Company, nor any of their respective shareholders, members, directors, officers, employees, advisors, agents or other representatives (collectively, “Representatives”), directly
or indirectly, through Affiliates or otherwise, shall (a) solicit, initiate, or encourage (including by way of furnishing information) or take any other action to facilitate knowingly any inquiries or proposals that constitute, or could
reasonably be expected to lead to, a proposal or offer of any kind that constitute, or could reasonably be expected to lead to, an Acquisition Proposal, (b) engage in negotiations or discussions with any person (or group of persons) other than
Buyer or its Affiliates (a “Third Party”) concerning, or provide any non-public information to any person or entity relating to, any Acquisition Proposal, (c) continue any prior discussions or negotiations with any Third Party
concerning any Acquisition Proposal or (d) accept, or enter into any agreement concerning, any Acquisition Proposal with any Third Party or consummate any Acquisition Proposal. From and after the date hereof until the earlier of the termination
of this Agreement or the Closing, Parent, Sellers and the Company will, and will cause their respective Affiliates to (i) use their reasonable best efforts to cause to be returned or destroyed promptly after the date hereof all confidential
information provided or made available to any Person other than Buyer and its Affiliates and its and their Representatives in connection with a potential transaction involving the Business or the Company, (ii) terminate all access for such
Persons to the electronic dataroom accessible through RR Donnelley Venue with respect to the Business and (iii) not amend, modify, waive or fail to enforce any of the terms or conditions included in any confidentiality agreements with respect
to the Business or the Company. 

  
 36 

 Section 9.4 Employee Matters. 

(a) Each Property Employee, other than the Reserved Employees, who is an employee of the Company as of the Closing shall hereinafter be
referred to as a “Transferred Employee”. Each of the Property Employees is an at-will employee, except that certain Property Employees may be eligible for severance compensation upon certain termination events under an employment
agreement that covers any such Property Employee as set forth on Section 7.13(a) of the Company Disclosure Letter. 
 (b)
Effective as of the Closing, Buyer shall assume all employment agreements set forth in Section 9.4(b) of the Company Disclosure Letter to the extent in effect as of the Closing, provided that the applicable Property Employee consents to such
assignment to the extent required by the terms of the applicable employment agreement. 
 (c) For a period of at least one
(1) year immediately following the Closing Date, (x) Buyer shall provide the Transferred Employees who remain employed by the Company with base compensation, bonus opportunity and annual and long-term incentive compensation opportunity
that are in the aggregate, on an employee by employee basis, no less favorable than those which the Transferred Employees were provided by the Company or its Affiliates immediately prior to the Closing and (y) Buyer shall honor the severance
policies of the Company and its Affiliates with respect to Transferred Employees. 
 (d) For a period of at least one
(1) year immediately following the Closing Date, Buyer shall, pursuant to plans and arrangements established or maintained by Buyer (the “Buyer Benefit Plans”), provide the Transferred Employees who remain employed by the
Company employee benefits (including medical benefits) which are no less favorable in the aggregate on an employee by employee basis than those which the Transferred Employees were provided under the Company Benefit Plans immediately prior to
Closing. To the extent permitted under the terms of the Buyer Benefit Plans, Buyer shall cause service with the Company and its Affiliates prior to the Closing to be treated the same as service with any of Buyer and its Affiliates from and after the
Closing Date for purposes of eligibility, vesting, and benefit accrual under the Buyer Benefit Plans (except (i) to the extent giving such credit would result in duplication of benefits, (ii) for benefit accrual purposes under any defined
benefit pension plan, (iii) for purposes of any retiree medical plan or (iv) for any newly established plan of Buyer for which similarly situated employees of Buyer do not receive past service credit). 

(e) Effective immediately after the Closing, Buyer shall cause the Transferred Employees to be covered by one or more medical benefit
plans (“Buyer’s Medical Plans”), which shall provide benefits to the Transferred Employees and their dependents which in the aggregate are substantially comparable to the benefits that were provided to the Transferred Employees
and their dependents by the Company Benefit Plans immediately prior to Closing. To the extent permitted under the terms of Buyer’s Medical Plans, Buyer shall cause any Transferred Employees or their dependents to not be subject to any
“pre-existing conditions” exclusions or limitations or “actively at work” requirements which would cause any of the Transferred Employees or their dependents otherwise to be excluded from Buyer’s Medical Plans immediately
after the Closing. To the extent permitted under the terms of Buyer’s Medical Plans, Buyer shall give effect, in determining any deductible and maximum out-of-pocket limitations, to claims incurred and amounts paid by, and amounts reimbursed
to, such employees for the calendar year in which the Closing occurs under any welfare benefit plans maintained or contributed to by the Company for its benefit immediately prior to the Closing Date. 

  
 37 

 (f) Effective as of the Closing Date, Buyer shall establish or designate a defined
contribution retirement plan which is qualified or eligible for qualification under Section 401(a) of the Code (the “Buyer’s 401(k) Plan”). Each Transferred Employee who participates in the Harrah’s Entertainment,
Inc. Savings and Retirement Plan (the “Company 401(k) Plan”) who satisfies the eligibility requirements of Buyer’s 401(k) Plan shall become eligible to participate in Buyer’s 401(k) Plan on the date he or she becomes an
employee of Buyer and, to the extent permitted under the terms of Buyer’s 401(k) Plan, Buyer shall cause such Transferred Employee to be credited with eligibility service and vesting service for all periods of service with the Company or any
other Person if so credited with such service under the Company 401(k) Plan. Buyer or its applicable Subsidiary shall cause Buyer’s 401(k) Plan to accept “eligible rollover distributions” (as defined in Section 402(c)(4) of the
Code) from Transferred Employees with respect to such Transferred Employees’ account balances (including loans) under the Company 401(k) Plan in the form of cash (and, as applicable, promissory notes with respect to loans), if elected by such
Transferred Employees. 
 (g) Parent maintains a plan qualified under Section 125 of the Code (the “Company’s
125 Plan”) that includes flexible spending accounts for medical care reimbursements and dependent care reimbursements (“Reimbursement Accounts”). As soon as reasonably practicable following the Closing Date, cash equal to
the aggregate value as of the Closing Date of the Reimbursement Accounts of the Transferred Employees shall be transferred from Parent to a plan established by Buyer intended to qualify under Section 125 of the Code (“Buyer’s 125
Plan”). Upon receipt of such amount, Buyer and Buyer’s 125 Plan shall assume all obligations with respect to the Reimbursement Accounts for the Transferred Employees as of the Closing Date. Buyer shall recognize the elections of the
Transferred Employees under the Company’s 125 Plan for purposes of Buyer’s 125 Plan for calendar year 2012. Parent shall provide Buyer with all information reasonably requested in order for Buyer and Buyer’s 125 Plan to satisfy the
obligations set forth in this Section 9.4(g). 
 (h) No provision of this Agreement shall create any third party
beneficiary rights in any Transferred Employee, or any beneficiary or dependent thereof, with respect to the compensation, terms and conditions of employment and/or benefits that may be provided to any Transferred Employee by Buyer or under any
benefit plan which Buyer may maintain. In no event shall the terms of this Agreement be deemed to (i) establish, amend, or modify any Company Benefit Plan or any other benefit plan, program, agreement or arrangement maintained or sponsored by
Buyer, the Company or any Subsidiary of the Company or any of their respective Affiliates; (ii) alter or limit the ability of Buyer or any of its Subsidiaries (including, after the Closing Date, the Company or any Subsidiary of the Company) to
amend, modify or terminate any benefit or employment plan, program, agreement or arrangement after the Closing Date; or (iii) confer upon any Property Employee any right to employment or continued employment or continued service with Buyer or
any of its Subsidiaries (including, following the Closing Date, the Company or any Subsidiary of the Company), or constitute or create an employment or other agreement with any Property Employee. 

  
 38 

 (i) On or following the Closing, Buyer shall comply with all provisions of the WARN Act with
respect to all Transferred Employees. As part of its obligations under ARTICLE XII hereof, Buyer shall indemnify, defend and hold Sellers and the Company harmless from and against any Liability to any Transferred Employees or any Governmental Entity
that may result to Sellers and/or the Company based on Buyer’s failure to comply with any provision of the WARN Act as required by this Section 9.4(i), including, but not limited to, fines, back pay and attorneys’ fees. Sellers shall
notify Buyer of any terminations of the employment of any employees of the Company that occur during the ninety (90)-day period prior to the Closing. 
 (j) Sellers shall indemnify, defend and hold Buyer and its Affiliates harmless from and against any Controlled Group Liability. 
 Section 9.5 Access to Information and the Real Property; Post-Closing Cooperation. 
 (a) Upon reasonable notice, subject to applicable Law, including antitrust Laws and Gaming Laws, the Company shall afford Buyer’s Representatives reasonable access, during normal business hours,
during the period from the date hereof to the Closing, to the Real Property (including the Casino) and to all personnel, properties, books, Contracts and records of the Casino and, during such period, the Company shall furnish promptly to Buyer all
material information concerning the Business (including the Real Property) as Buyer may reasonably request (collectively, the “Inspection”); provided, however, that (i) Buyer shall provide the Company with at
least twenty-four (24) hours’ prior written notice of any Inspection; (ii) if the Company so requests, Buyer’s Representatives shall be accompanied by a Representative of the Company; (iii) Buyer shall not initiate contact
with employees or other representatives of the Company other than such Representative designated by the Company without the prior written consent of Sellers or the Company, which consent shall not be unreasonably withheld or delayed;
(iv) Buyer’s Representatives shall not be entitled to perform any physical testing of any nature with respect to any portion of the Real Property without the Company’s prior written consent if in the reasonable judgment of the Company
such testing would reasonably be expected to materially interfere with the Business and/or cause damage to the Purchased Assets; (v) Buyer shall not materially interfere with the Business; (vi) Buyer shall, at its sole cost and expense,
promptly repair any damage to the Purchased Assets or any other property owned by a Person other than Buyer arising from or caused by Inspection, and shall reimburse the Company for any loss arising from or caused by any Inspection, and restore the
Purchased Assets or such other third-party property to substantially the same condition as existed prior to such Inspection, and shall indemnify, defend and hold harmless Sellers, the Company and its Affiliates from and against any personal injury
or property damage claims, liabilities, judgments or expenses (including reasonable attorneys’ fees) incurred by any of them arising or resulting therefrom; and (vii) in no event shall this Section 9.5(a) constitute a limitation of
Buyer’s waiver of further due diligence in Section 8.7 hereof, nor shall the results of any such Inspection be a condition to Buyer’s obligations under this Agreement or limit the provisions of Section 13.5 hereof. Prior to
entering the Real Property to perform any tests and assessments or for any other reason permitted hereunder and, thereafter, Buyer shall maintain a policy of comprehensive public liability insurance in an amount not less than $10,000,000 naming the
Company as additional primary insured, insuring against any and all Liabilities for damages to property or injury or death to 

  
 39 

 
persons arising out of the entry onto the Real Property of all persons and property on Buyer’s behalf. Such insurance policy shall be with a nationally recognized insurance company
reasonably acceptable to the Company and shall provide that it may not be terminated without providing the Company at least thirty (30) days written notice. Prior to Buyer’s entry onto the Real Property, Buyer shall deliver to the Company
a certificate of insurance evidencing the insurance policy required by this Section 9.5(a). 
 (b) Following the Closing
Date, each party hereto will hold, and will use its best efforts to cause its Affiliates and its and their respective Representatives to hold, in strict confidence from any Person (other than any such Affiliate or Representative) all documents and
information concerning the other party or any of its Affiliates (and, for the avoidance of doubt, treating information concerning the Business and the Purchased Assets as information concerning Buyer) unless (i) compelled to disclose by
judicial or administrative process (including in connection with obtaining the necessary approvals of this Agreement and the transactions contemplated hereby of any Governmental Entity) or by other requirements of Law or (ii) disclosed in an
action or proceeding brought by another party hereto in pursuit of its rights or in the exercise of its remedies hereunder, or unless such documents or information can be shown to have been (1) previously known by the party receiving such
documents or information (other than pursuant to breach of an agreement to keep such information confidential), (2) in the public domain (either prior to or after the furnishing of such documents or information hereunder) through no fault of
such receiving party or (3) later acquired by the receiving party from another source if the receiving party is not aware that such source is under an obligation to another party hereto to keep such documents and information confidential. Buyer
and the Company agree that in the event any proprietary information or knowledge relating to an Excluded Asset is obtained, revealed or otherwise made known to Buyer in effecting (x) the transition from Excluded Software to replacement software
pursuant to Section 1.4(c) hereof, specifically, or (y) the removal of the Excluded Assets, generally, Buyer shall not reveal, disclose, employ or otherwise use any such proprietary information and will hold such information in confidence
in accordance with the terms of the Confidentiality Agreement. No information or knowledge obtained in any investigation pursuant to this Section 9.5 shall affect or be deemed to modify the obligations of the parties to consummate the
transactions contemplated herein. 
 (c) Following the Closing, and for so long as Sellers on the one hand or Buyer on the other
hand, or their respective Affiliates are prosecuting, participating in, contesting or defending any action, claim, investigation, suit or proceeding, whenever filed or made, in connection with or involving in any way (i) this Agreement or the
transactions contemplated hereby or (ii) the conduct or operation of the Business prior to or after the Closing, including any action, claim, investigation, suit or proceeding related to the Excluded Assets and/or the Excluded Liabilities, the
other party shall (and shall cause its Affiliates, and its and their respective Representatives, to) (A) cooperate with such party and its Affiliates and their Representatives with the prosecution, participation, contest or defense,
(B) provide such party and its Affiliates and their Representatives with reasonable access and duplicating rights to all properties, books, contracts, commitments and records (whether in paper or electronic form) related to the Real Property
and (C) make available to such party and its Affiliates and their Representatives its personnel (including, by Buyer, the Transferred Employees), including for 

  
 40 

 
purposes of fact finding, consultation, testimony, interviews, depositions and witnesses, in each case as shall be reasonably necessary in connection with the prosecution, participation, contest
or defense of the applicable action, claim, investigation, suit or proceeding by such party and its Affiliates and Representatives. 
 (d) Upon reasonable notice, subject to applicable Law, including antitrust Laws and Gaming Laws, Parent shall afford Buyer’s Representatives reasonable access, during normal business hours, for up to
ninety (90) days following the Closing, to each Reserved Employee for so long as he or she is an employee of Parent or its Subsidiaries; provided, however, that Buyer shall not initiate contact with the Reserved Employees without
the prior written consent of Parent, which consent shall not be unreasonably withheld or delayed. 
 Section 9.6
Governmental Approvals. 
 (a) The parties hereto shall cooperate with each other and use their reasonable best efforts to
(i) as promptly as practicable, take, or cause to be taken, all appropriate action, and do or cause to be done, all things necessary, proper or advisable under applicable Law or otherwise to consummate and make effective the transactions
contemplated by this Agreement as promptly as practicable; (ii) obtain from any Governmental Entities any consents, approvals, findings of suitability, expiration or terminations of waiting periods, licenses, permits, waivers, approvals, orders
or authorizations required (A) to be obtained or made by Sellers, the Company or Buyer or any of their respective Affiliates or any of their respective Representatives and (B) to avoid any action or proceeding by any Governmental Entity
(including those in connection with the HSR Act), in connection with the authorization, execution and delivery of this Agreement and the consummation of the transactions governed herein; and (iii) make all necessary registrations, declarations
and filings, and thereafter make any other submissions with respect to this Agreement, as required under (A) any applicable federal or state securities Laws, (B) the HSR Act, (C) the Gaming Laws, including, providing information with
respect to, executing, filing and participating in meetings with the Missouri Gaming Commission with respect to, the Petition for Change in Control and (D) any other applicable Law (collectively, the “Governmental Approvals”),
and to comply with the terms and conditions of all such Governmental Approvals. The parties hereto and their respective Representatives and Affiliates shall file as promptly as practicable, but in no event later than fifteen (15) days after the
date hereof, all required initial applications and documents in connection with obtaining the Governmental Approvals (including under applicable Gaming Laws and the HSR Act) and shall act diligently and promptly to pursue the Governmental Approvals
and shall cooperate with each other in connection with the making of all filings referenced in the preceding sentence, provided that, Buyer shall bear the ultimate responsibility of obtaining all Gaming Approvals on or before the Outside
Date. Subject to applicable Laws relating to the exchange of information, prior to making any application or material written communication to or filing with any Governmental Entity with respect to Governmental Approvals, each party shall provide
the other parties with drafts thereof and afford the other parties a reasonable opportunity to comment on such drafts. Buyer, Sellers and the Company shall use reasonable best efforts to schedule and attend any hearings or meetings with Governmental
Entities to obtain the Governmental Approvals as promptly as possible, and, to the extent permitted by the Governmental Entity, each party shall offer the other parties the opportunity to participate in all telephonic conferences and all

  
 41 

 
meetings with any Governmental Entity to the extent relating to Governmental Approvals. Buyer, Sellers and the Company shall, to the extent practicable, consult with the other parties on, in each
case, subject to applicable Laws relating to the exchange of information (including antitrust Laws and Gaming Laws), all the information relating to Buyer, Sellers or the Company, as the case may be, and any of their respective Affiliates or
Representatives which appear in any filing made with, or written materials submitted to, any third party or any Governmental Entity to the extent made or submitted in connection with the transactions contemplated by this Agreement, other than
personal information on individuals who are filing applications. Without limiting the foregoing, Buyer, Sellers and the Company will notify the other parties promptly of the receipt of comments or requests or other communications (whether oral or
written) from Governmental Entities to the extent relating to Governmental Approvals and, promptly supply the other parties with copies of all written correspondence between the notifying parties or any of their Representatives and Governmental
Entities with respect to Governmental Approvals. Buyer, Sellers and the Company shall share responsibility for devising and implementing the strategy for obtaining any clearances required under the HSR Act in connection with the transactions
contemplated by this Agreement, provided, however, that (i) in the event of disagreement between Buyer on the one hand and Sellers and the Company on the other hand, Buyer’s view shall prevail, and (ii) Buyer shall take
the lead in all meetings and communications with any Governmental Entity in connection with obtaining such clearances. 
 (b)
Without limiting Section 9.6(a) hereof, Buyer, Sellers and the Company shall: 
 (i) each use its reasonable best efforts
to avoid the entry of, or to have vacated or terminated, any decree, order, or judgment that would restrain, prevent or delay the Closing, on or before the Outside Date, including defending through litigation on the merits any claim asserted in any
court by any Person; and 
 (ii) each use its reasonable best efforts to avoid or eliminate each and every impediment under any
antitrust, competition or trade regulation Law that may be asserted by any Governmental Entity or any other Person with respect to the Closing so as to enable the Closing to occur as soon as reasonably possible (and in any event no later than the
Outside Date), including implementing, contesting, or resisting any litigation before any court or administrative tribunal seeking to restrain or enjoin the Closing; provided, however, that Buyer and its Affiliates shall be required to
(and nothing in this Agreement shall require Sellers, the Company or any of its Affiliates to) commit to any divestitures, licenses or hold separate or similar arrangements with respect to its or their respective assets or conduct of business
arrangements, to the extent necessary to obtain any approval from a Government Entity required to consummate the transactions contemplated hereby. 
 (c) Buyer, Sellers and the Company shall promptly advise each other upon receiving any communication from any Governmental Entity whose consent or approval is required for consummation of the transactions
contemplated by this Agreement to the extent that such communication is related to the Governmental Approvals. Buyer, Sellers and the Company shall each use its reasonable best efforts to take, or cause to be taken, all actions reasonably necessary
to defend any lawsuits or other legal proceedings challenging this Agreement or the 

  
 42 

 
consummation of the transactions contemplated hereby and shall seek to prevent the entry by any Governmental Entity of any decree, injunction or other order challenging this Agreement or the
consummation of the transactions contemplated hereby. The parties agree to appeal, as promptly as possible, any decree, injunction or other order challenging this Agreement or the consummation of the transaction contemplated hereby and use
reasonable best efforts to have any such decree, injunction or other order vacated or reversed. 
 (d) From the date of this
Agreement until the Closing, each party shall promptly notify all other parties hereto in writing of any pending or, to the knowledge of Buyer, Sellers or the Company, as appropriate, threatened action, suit, arbitration or other proceeding or
investigation by any Governmental Entity or any other Person (i) challenging or seeking damages in connection with the Closing or any other transaction contemplated by this Agreement or (ii) seeking to restrain or prohibit the consummation
of the Closing. 
 Section 9.7 Publicity. Parent and Sellers on the one hand and Buyer on the other hand shall agree
on the form and content of the initial press release regarding the transactions contemplated hereby and thereafter shall consult with each other before issuing, provide each other the opportunity to review and comment upon, and use commercially
reasonable efforts to agree upon, any press release or other public statement with respect to any of the transactions contemplated hereby and shall not issue any such press release or make any such public statement prior to such consultation and
prior to considering in good faith any such comments, except as may be required by applicable Law or any listing agreement with any nationally recognized stock exchange. Notwithstanding anything to the contrary herein, Buyer and Parent may make any
public statement in response to questions by the press, analysts, investors or those attending industry conferences or financial analysts conference calls, so long as any such statements are not inconsistent with previous press releases, public
disclosures or public statements made jointly by Buyer and Parent or made by one party and reviewed by the other and do not reveal non-public information regarding the transactions contemplated by this Agreement. 

Section 9.8 Further Assurances and Actions. 
 (a) Subject to the terms and conditions herein, each of the parties hereto agrees to use its reasonable best efforts to take, or cause to be taken, all appropriate action, and to do, or cause to be done,
all things reasonably necessary, proper or advisable under applicable Laws to consummate and make effective the transactions contemplated by this Agreement, including, (i) obtaining all licenses, permits, consents, approvals, authorizations,
qualifications and orders of Governmental Entities and parties to Contracts as are necessary or advisable for consummation of the transactions contemplated by this Agreement and (ii) to fulfill all conditions precedent applicable to the
Closing. 
 (b) In case at any time after the Closing any further action is necessary to carry out the purposes of this
Agreement, to vest Buyer with full title to the Equity Interests, the Purchased Assets and the assumption of the Assumed Liabilities, or to vest Sellers with full title to the Excluded Assets and the assumption of the Excluded Liabilities, Buyer,
Sellers and the Company shall take all commercially reasonable action necessary (including executing and 

  
 43 

 
delivering further notices, assumptions, releases and acquisitions); provided, that if such action is necessary due to events or circumstances particular to Buyer, Buyer shall bear the
cost of such action, and otherwise Sellers shall bear the cost of such action. All costs and expenses related to recording the Trademark Assignment Agreement shall be borne by Buyer. 

Section 9.9 Transfer Taxes; HSR Filing Fee. 
 (a) All transfer, recording, documentary, sales, use, stamp, registration and other such Taxes (including real estate transfer or similar Tax that arise from any indirect transfer of property as a result
of the transfer of the Equity Interests) and related fees (including any penalties, interest and additions to Tax) incurred with respect to the purchase and sale of the Equity Interests pursuant to this Agreement (“Transfer Taxes”)
shall be paid by Buyer. Buyer shall indemnify, defend and hold Sellers harmless from and against any and all amounts for which Buyer is liable pursuant to this Section 9.9(a). The party responsible under applicable Law for filing the Tax
Returns pertaining to and paying such Transfer Taxes shall (i) timely file such Tax Returns and remit to the applicable Governmental Authority payment of the Transfer Taxes required to be remitted therewith and (ii) promptly provide a copy
of such Tax Return to the other party. If Sellers have paid such Transfer Taxes they shall be reimbursed for such Taxes promptly by Buyer. Buyer and Sellers shall cooperate as requested in preparing, executing and filing all such Tax Returns and
related documentation on a timely basis as may be required to comply with the provisions of any applicable Law. 
 (b) The
filing fee required to be paid in connection with the pre-merger notification filing under the HSR Act shall be paid by Buyer. 

Section 9.10 No Control. Except as permitted by the terms of this Agreement, prior to the Closing, Buyer shall not directly
or indirectly control, supervise, direct or interfere with, or attempt to control, supervise, direct or interfere with, the Company, including the Casino, the Real Property and the other Purchased Assets. Until the Closing, the operations and
affairs of the Company, including the Casino, the Real Property and the other Purchased Assets, are the sole responsibility of and under the Company’s complete and exclusive control, except as expressly provided for in this Agreement.

 Section 9.11 Reservations; Guests; Valet Parking; Other Transition Matters. 

(a) Reservations. Buyer will honor the terms and rates of all reservations (in accordance with their terms) at the Casino made
prior to the Closing by guests or customers, including advance reservation cash deposits, for rooms or services confirmed by the Company for dates after the Closing Date, provided that such agreements were made in the Ordinary Course of
Business. From and after the date hereof, the Company may continue to accept reservations for periods after the Closing in the Ordinary Course of Business. Buyer recognizes that such reservations may include discounts or other benefits, including
benefits under frequent player or casino awards programs, group discounts, other discounts or requirements that food, beverage or other benefits be delivered by Buyer to the guest(s) holding such reservations following the Closing. Buyer will honor
all room allocation agreements and banquet facility and service agreements which have been granted to groups, persons or other customers for periods 

  
 44 

 
after the Closing Date at the rates and terms provided in such agreements; provided that such agreements were made in the Ordinary Course of Business. Buyer agrees that Sellers can make,
or have made, any representation or warranty that any party holding a reservation or agreement for rooms, facilities or services will utilize such reservation or honor such agreement and Buyer, by the execution hereof, assumes the risk of
non-utilization of reservations and non-performance of such agreements from and after the Closing. 
 (b) Guests’ Safe
Deposit Boxes. Not later than thirty (30) days prior to the Closing, the Company shall use commercially reasonable efforts to send a notice by certified mail to the last known address of each Person who has stored personal property in safe
deposit boxes located at the Casino, advising them that they must make arrangements with Buyer to continue use of their safe deposit box and that if they should fail to do so within fifteen (15) days after the date of such notice is sent, the
box will be opened in the presence of a Representative of the Company, a Representative of Buyer, and a Notary Public; and the contents of such box will be sealed in a package by the Notary Public, who shall write on the outside the name of the
Person who rented the safe deposit box and the date of the opening of the box in the presence of the Representatives of the Company and Buyer, respectively. The Notary Public and the Representatives of the Company and Buyer shall then execute a
certificate reciting the name of the Person who rented the safe deposit box, the date of the opening of the box and a list of its contents. The certificate shall be placed in the package and a copy of it sent by certified mail to the last known
address of the person who rented the safe deposit box. The package will then be placed in a vault arranged by Buyer. Pursuant to ARTICLE XII hereof, Parent and Sellers shall be responsible for and indemnify Buyer against claims of alleged missing
items not contained on the certificate, and Buyer shall be responsible for and indemnify Sellers against claims of alleged missing items listed on the certificate. 
 (c) Guests’ Baggage. Prior to the Closing, the Company and Buyer shall take inventory of: (i) all baggage, suitcases, luggage, valises and trunks of hotel guests checked or left in the
care of the Casino; (ii) all luggage or other property of guests retained by the Casino as security for unpaid accounts receivable; and (iii) the contents of the baggage storage room; provided, however, that no such baggage,
suitcases, luggage, valises or trunks shall be opened. Except for the property referred to in (ii) above, which shall be removed from the Casino by the Company within ten (10) days after the Closing, all such baggage and other items shall
be sealed in a manner to be agreed upon by the parties and listed in an inventory prepared and signed jointly by Representatives of the Company and Buyer as of the Closing. Said baggage and other items shall continue to be stored by the Company and
Buyer shall be responsible for claims with respect thereto. 
 (d) Front Money. 

(i) Pursuant to the Gaming Laws of the State of Missouri, the Company shall, at least thirty (30) days prior to the Closing, to the
extent legally required, submit for approval to all applicable Gaming Authorities a plan containing customary terms for the inventory of the Front Money at the Casino. Buyer and the Company agree to cooperate fully with each other in effectuating
the plan that is approved by the applicable Gaming Authorities. 

  
 45 

 (ii) Effective as of the Closing, Representatives of Buyer and the Company shall take
inventory of all Front Money and identify what Persons are entitled to what portions of such Front Money. All such Front Money shall be retained in the Casino cage and listed in an inventory prepared and signed jointly by Representatives of Buyer
and the Company no later than the Closing. Buyer shall be responsible from and after the Closing for all Front Money and shall distribute Front Money only to the Persons and only in the amounts as determined pursuant to this Section 9.11(d).

 (e) Vehicles with Valet Parking. On the Closing Date, the Company shall transfer control of all motor vehicles that
were checked and placed in the care of the Business (the “Inventoried Vehicles”) to Buyer. Thereafter, Buyer shall be responsible for the Inventoried Vehicles, provided that Sellers shall be liable to the owners of such
Inventoried Vehicles with respect to any damages occurring prior to the Closing Date as a result of actions taken by the Business and its employees or contractors (including damages (as a result of actions taken by the Business and its employees or
contractors) set forth in the damage report) or items missing from or damaged in such Inventoried Vehicles and such liability shall be an Excluded Liability for the purposes of this Agreement. 

(f) Rebranding. Prior to and following the Closing Date, as the case may be, the Company, Sellers and Buyer shall timely complete
all steps required under the Rebranding Plan attached hereto as Schedule A. 
 (g) Transition Planning. In order
to facilitate an effective transition of all of the services, systems and functions necessary to operate the Business (the “Transitioned Functions”) from Sellers to Buyer and its Affiliates at Closing, during the thirty
(30) day period after the Effective Date (the “Transition Planning Date”), the Parties shall work together in good faith in the development of a reasonably detailed written plan (the “Transition Plan”) setting out the
steps that the parties will take to transition the Transitioned Functions from Parent and Sellers to Buyer and its Affiliates, including among other things the transition of any leased slot machines located at the Casino, and to send communications
to customers regarding the transactions contemplated hereby. Each party shall use its reasonable best efforts to perform its responsibilities under the Transition Plan in order to effect transition of all Transitioned Functions to Buyer and its
Affiliates at or prior to Closing. If Sellers do not identify to Buyers a Transitioned Function, in connection with the creation of the Transition Plan, on or prior to the Transition Planning Date, and such omission would materially impair
Buyer’s ability to operate the Casino after the Closing Date, then, at Buyer’s request, Parent shall agree to perform such Transitioned Function on behalf of the Company, at cost, for a number of days from and after the Closing Date equal
to the number of days that passed after the Transition Planning Date before Sellers first identify such Transitioned Function to Buyer; provided, that Parent shall not be required to perform any Transitioned Functions on behalf of the Company
pursuant to this Section 9.11(g) after a date that is ninety (90) days after the Closing Date. 
 Section 9.12
Transfer of Utilities. Prior to the Closing, the Company shall notify all utility companies servicing the Real Property of the anticipated change in ownership of the Real Property and request that all billings after the Closing be made to
Buyer at the applicable Real Property. Buyer shall be responsible for paying all deposits required by utility companies in 

  
 46 

 
order to continue service at the Real Property for periods after the Closing and shall take any other action and make any other payments required to assure uninterrupted availability of utilities
at the Real Property for all periods after the Closing. Following the Closing, all utility deposits made by the Company relating to the pre-Closing period will be refunded directly to Sellers by the utility company holding same; provided that
if any such utility deposit is returned to the Company following the Closing, Buyer shall promptly remit such deposit to Sellers. 
 Section 9.13 Certain Transactions. From the date hereof until the Closing Date, neither Buyer, Sellers nor the Company shall, and shall not permit any of their respective Affiliates to,
acquire or agree to acquire by merging or by consolidating with, or by purchasing assets of or a substantial portion of equity in, or any other manner, any business or any corporation, partnership, association or other business organization or
division thereof engaged in the gaming business in the State of Missouri and/or the greater St. Louis area if such acquisition or agreement to acquire could reasonably be expected to adversely affect Buyer’s ability to obtain the Gaming
Approvals or to consummate the transactions contemplated by this Agreement, as applicable. 
 Section 9.14 FCC
Approvals. 
 (a) The Company and Buyer will, as applicable, within ten (10) days of the Effective Date, execute and
file filing copies of FCC applications to either (i) seek the consent of the FCC to the assignment of the FCC Licenses to Buyer, or (ii) have the FCC Licenses reissued by the FCC in the name of Buyer, as appropriate (collectively, the
“FCC Approvals”). The Company and Buyer agree to use their respective reasonable best efforts to cooperate with any requests for information, filing of forms, communications with the FCC or other actions which are reasonably
necessary in order to obtain the FCC Approvals. 
 (b) If the FCC Approvals have not been obtained on or before the Closing Date
and no special temporary authority has been granted by the FCC that allows Buyer to operate under the FCC Licenses, then (i) the Closing shall nevertheless occur as scheduled, and (ii) the parties will comply with any applicable
requirements of the FCC or applicable Law (including the Company tendering for cancellation the FCC Licenses). Buyer agrees that it will not use or operate the equipment which is the subject of the FCC Licenses or the FCC Approvals after the Closing
in violation of any requirements of the FCC or any applicable Law. 
 Section 9.15 Insurance and Casualty. If,
before the Closing, the Casino is damaged by fire or other casualty, then, subject to the satisfaction or waiver by the applicable party of the conditions set forth in ARTICLE X hereof, the Closing shall proceed as scheduled, and Sellers shall,
after the Closing Date, (i) promptly pay to Buyer all insurance proceeds received by Sellers or their Affiliates with respect to such damage, destruction or other loss, less any proceeds applied to the physical restoration of the Casino, to the
extent such restoration expenditures were approved by Buyer in writing, (ii) take such actions as may reasonably be requested by Buyer in connection with the tendering of such claims to the applicable insurers with respect to such damage,
destruction or other loss and (iii) assign to Buyer all rights of Sellers and their Affiliates against third parties (other than against its insurance carriers) with respect to any causes of action, whether or not litigation has commenced as of
the Closing Date, in connection with such 

  
 47 

 
damage, destruction or other loss; provided, that the proceeds of such insurance shall be subject to (and recovery thereon shall be reduced by the amount of) any applicable deductibles and
co-payment provisions or any payment or reimbursement and shall constitute full compensation for the damage to the Casino, and Sellers and their Affiliates shall have no responsibility for restoration or repair of the Casino or any resultant loss,
directly, by subrogation, or otherwise; and provided, further, that if one or more prior claims has been made after the Effective Date against the insurance with respect to the Purchased Assets that causes the amount of insurance
coverage to be insufficient to cover such damage, destruction or other loss and the Company has failed to notify Buyer of such claim(s) pursuant to Section 9.1(e), then Sellers shall pay or cause to be paid the insurance proceeds with respect
to such other claim(s) to Buyer so that it receives the full amount of insurance proceeds that it would have received but for such prior claim(s). 
 Section 9.16 Certain Notifications. From the date of this Agreement until the Closing, Parent, Sellers, the Company and Buyer shall promptly notify the other parties in writing, as soon as
practical after it becomes known to such party, of: 
 (a) any breach by such party of any of its representations, warranties,
covenants or obligations contained in this Agreement; and 
 (b) any fact, circumstance, event or action which will result in,
or would reasonably be expected to result in, the failure of Parent, Sellers, the Company or Buyer to timely satisfy any of the closing conditions specified in ARTICLE X hereof. 

Nothing contained in Section 9.16 shall prevent Parent, Sellers, the Company or Buyer from giving such notice, using such efforts or
taking any action to cure any of the foregoing. No notice given pursuant to this Section 9.16 shall have any effect on the representations, warranties, covenants or agreements contained in this Agreement for purposes of determining satisfaction
of any condition contained herein or the parties’ rights to indemnification hereunder. 
 Section 9.17
Non-Solicitation. Each party agrees that it shall not, and shall cause their respective Affiliates not to, prior to the one (1)-year anniversary of the Closing Date, solicit employment of employees of the other party or the other party’s
Affiliates that such soliciting party had substantial contact with as a result of the transactions contemplated by this Agreement; provided, however, that the restrictions contained in this Section 9.17 shall not apply to
(a) general solicitations not specifically directed to any employee of a party or such party’s Affiliates, and (b) any solicitation or hiring of an individual who is not employed by the other party or such party’s Affiliates at
the time of such solicitation or hiring of that individual and so long as such party did not cause, induce or attempt to cause or induce such employee to no longer be employed by such other party. 

Section 9.18 Transfer of Assets. To the extent that Parent, Sellers or any of their Affiliates (other than the Company) holds
at or prior to the Closing any asset, property or right that is exclusively used or held for use in connection with the Business, Sellers shall cause such Person to promptly, and in any event prior to the Closing, transfer such asset, property or
right to the Company. 

  
 48 

 Section 9.19 Customer List. 

(a) Consent. Parent or Sellers shall solicit customers’ consents, on an “opt-out” basis, for transfer of the
information on the Customer List and the Rewards Information not less than forty five (45) days prior to the anticipated Closing Date. 
 (b) No Direct Marketing. From and after the Closing until the four (4) year anniversary of the Closing Date, Parent and Sellers shall not, and shall cause their Affiliates not to (i) make
any direct marketing to the customers on the Customer List for any casino property within a ninety (90)-mile radius of the Casino or (ii) sell, license or otherwise permit any Person to use the Customer Database or any portion thereof to make
any direct marketing to the customers on the Customer List for any property within a ninety (90)-mile radius of the Casino; provided, that this Section 9.19(b) shall not restrict Parent and Sellers from marketing to customers on the
Customer List in connection with online gaming, online play-for-fun games, or other online interactive games conducted by Parent. 
 Section 9.20 Lien Release. Parent and Sellers shall use their reasonable best efforts to facilitate and encourage the making of any filings, releases, discharges, deeds and other documents
necessary to evidence the release by all financial institutions and other Persons to which any indebtedness (including guarantee obligations in respect thereof) of the Company is outstanding (the “Lenders”) of all Liens and
Encumbrances in connection therewith relating to the Purchased Assets, the Equity Interests, the Business or the Company (“Lender Liens”), and all obligations (including guarantee obligations) of the Company in respect of such
indebtedness (“Loan Obligations”), substantially simultaneously with the Closing Date. Promptly after the Effective Date, Parent and Sellers shall request that the Lenders deliver letters or similar written confirmation (each,
a “Release Confirmation”), substantially simultaneously with the Closing Date, confirming that (a) all Lender Liens shall be, upon the Closing Date, released by all lenders thereunder and (b) all Loan Obligations shall be,
upon the Closing Date, released. Parent and Sellers shall keep Buyer reasonably informed (orally and in writing) on a current basis regarding any material developments relating to their request for Release Confirmations, including by reporting
any conversations with a Lender or its Representatives relating to the Release Confirmations, any rejection of a Release Confirmation by a Lender or any failure of a Lender to respond to a request for a Release Confirmation, and by furnishing copies
of any relevant written correspondence or draft documentation. 
 Section 9.21 Financing. 

Prior to the Closing, Buyer will use its reasonable best efforts to obtain any financing necessary to pay the Purchase Price, the
Estimated Closing Payment, the Estimated Operations Payment and all fees and expenses necessary or related to the consummation of the transactions contemplated by this Agreement. Parent, Sellers and the Company shall provide all cooperation
reasonably requested by Buyer in connection with obtaining any such financing, including furnishing financial and other pertinent information necessary to show the pro forma impact of the transactions contemplated by this Agreement on Buyer and its
Subsidiaries; provided that Buyer shall be reimbursed for any reasonable out-of-pocket costs incurred by the Company in connection with such cooperation. 

  
 49 

 ARTICLE X. 
 CONDITIONS TO CLOSING 
 Section 10.1 Conditions to Each
Party’s Obligation to Effect the Closing. The respective obligations of each party to this Agreement to effect the Closing shall be subject to the satisfaction of each of the following conditions on or prior to the Closing, any of which may
be waived in whole or in part in a writing executed by all of the parties hereto: 
 (a) No Injunctions. No Governmental
Entity of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any order, executive order, stay, decree, judgment or injunction or statute, rule or regulation which is in effect (whether temporary, preliminary or
permanent) and which prevents or prohibits the consummation of, or that makes it illegal for either party hereto to consummate, the transactions contemplated by this Agreement. 

(b) HSR Act. Any applicable waiting periods, together with any extensions thereof, under the HSR Act shall have expired or been
terminated. 
 Section 10.2 Additional Conditions to Obligations of Buyer. The obligation of Buyer to effect the
Closing is subject to the satisfaction of each of the following conditions prior to the Closing, any of which may be waived in whole or in part in writing exclusively by Buyer; provided, however, that Buyer may not waive the condition
set forth in Section 10.2(d) below until the date this is eleven (11) months from the Effective Date and in the event such condition is waived, Buyer agrees not to operate the Casino until such time as all Required Governmental Consents
are obtained by Buyer: 
 (a) Representations and Warranties. (i) The representations and warranties of Parent,
Sellers and the Company contained in Sections 6.1 (Organization of Parent and Sellers), 6.2 (Authority; No Conflict; Required Filings and Consents), 6.3 (Title to Equity Interests), 7.1 (Organization of the Company; Capitalization) and 7.2
(Authority; No Conflict; Required Filings and Consents) shall be true and correct in all material respects at and as of the Closing as if made at and as of such time and (ii) all of the other representations and warranties of Parent, Sellers
and the Company contained in this Agreement shall be true and correct (without giving effect to any limitation as to “materiality” or “Company Material Adverse Effect” set forth therein) at and as of the Closing as if made at and
as of such time (except to the extent expressly made as of an earlier date, in which case as of such earlier date), except where the failure of such representations and warranties to be true and correct would not, individually or in the aggregate,
reasonably be expected to result in a Company Material Adverse Effect. Buyer shall have received a certificate signed on behalf of the Company by an officer of Sellers to such effect. 

(b) Performance of Obligations of Parent, Sellers and the Company. Parent, Sellers and the Company shall have performed in all
material respects all covenants, agreements and obligations required to be performed by Parent, Sellers and the Company under this Agreement at or prior to the Closing, including delivery of items listed in Section 5.2 hereof and curing
Monetary Defects in accordance with Article XIII hereof. Buyer shall have received a certificate signed on behalf of Sellers by an officer of Sellers and the Company to such effect. 

  
 50 

 (c) Deliverables. Sellers and the Company shall have delivered executed copies of the
Ancillary Agreements and other closing deliverables described in ARTICLE V to be delivered by them. 
 (d) Governmental
Consents. All consents, approvals, findings of suitability, licenses, permits, waivers, orders or authorizations of and registrations, declarations or filings with any Governmental Entity of competent jurisdiction in respect of the Gaming Laws
required or necessary in connection with the transactions contemplated by this Agreement and necessary for ownership and operation of the Real Property and the Business (including approval of the Petition for Change in Control and the approval,
licensing or registration of Buyer and such of its (i) officers, executive directors, key employees or Persons performing management functions similar to officers, (ii) shareholders and (iii) key business affiliates as may be required
by applicable Gaming Authorities) (the “Required Governmental Consents”) have been obtained by Buyer and shall be in full force and effect by Buyer. 
 Section 10.3 Additional Conditions to Obligations of Sellers. The obligations of Sellers to effect the Closing are subject to the satisfaction of each of the following conditions prior to the
Closing, any of which may be waived in whole or in part in writing exclusively by Sellers: 
 (a) Representations and
Warranties. (i) The representations and warranties of Buyer contained in Sections 8.1 (Organization) and 8.2 (Authority; No Conflict; Required Filings and Consents) shall be true and correct in all material respects at and as of the Closing
as if made at and as of such time and (iii) all of the other representations and warranties of Buyer contained in this Agreement shall be true and correct (without giving effect to any limitation as to “materiality” or “Buyer
Material Adverse Effect” set forth therein) at and as of the Closing as if made at and as of such time, except where the failure of such representations and warranties to be true and correct would not, individually or in the aggregate,
reasonably be expected to result in a Buyer Material Adverse Effect. Sellers shall have received a certificate signed on behalf of Buyer by an executive officer of Buyer to such effect. 

(b) Performance of Obligations of Buyer. Buyer shall have performed in all material respects all covenants, agreements and
obligations required to be performed by it under this Agreement at or prior to the Closing, including delivery of items listed in Section 5.2. Sellers shall have received a certificate signed on behalf of Buyer by an executive officer of Buyer
to such effect. 
 (c) Deliverables. Buyer shall have delivered executed copies of the Ancillary Agreements and other
closing deliverables described in ARTICLE V to be delivered by it. 
 ARTICLE XI. 

TERMINATION AND AMENDMENT 
 Section 11.1 Termination. This Agreement may be terminated at any time prior to the Closing (with respect to Sections 11.1(b) through (g) hereof, by written notice by the terminating
party to the other parties): 
 (a) by mutual written agreement of Sellers and Buyer; 

  
 51 

 (b) by Sellers or Buyer, if the transactions contemplated hereby shall not have been
consummated on or prior to the Outside Date; provided, however, that the right to terminate this Agreement under this Section 11.1(b) shall not be available to Sellers or Buyer, respectively, if Sellers’ (or Parent’s or
the Company’s) or Buyer’s failure, respectively, to fulfill any obligation of Sellers (or Parent or the Company) or Buyer, respectively, under this Agreement has been the primary cause of the failure of the Closing to occur on or before
the Outside Date; 
 (c) by Sellers or Buyer, if any Gaming Authority made a final, non-appealable determination that such
Gaming Authority will not issue to Buyer all Gaming Approvals; 
 (d) by Sellers or Buyer, if a court of competent jurisdiction
or other Governmental Entity shall have issued a non-appealable final order, decree or ruling or taken any other non-appealable final action, in each case, having the effect of permanently restraining, enjoining or otherwise prohibiting the Closing
and the transactions contemplated hereby; provided, however, that the right to terminate this Agreement under this Section 11.1(d) shall not be available to Sellers or Buyer, respectively, if Sellers’ (or Parent’s or the
Company’s) or Buyer’s failure, respectively, to fulfill any obligation of Sellers (or Parent or the Company) or Buyer, respectively, under this Agreement has been the primary cause of, or materially contributed to, such action; 

(e) by Buyer, if the Company, Sellers or Parent have breached any representation, warranty, covenant or agreement on the part of the
Company, Sellers or Parent set forth in this Agreement which (i) would result in a failure of a condition set forth in Sections 10.1(a) or (b) or Sections 10.2(a), (b), (c) or (d) hereof and (ii) is not cured within thirty
(30) calendar days after written notice thereof; provided, however, that if such breach cannot reasonably be cured within such thirty (30) day period but can be reasonably cured prior to the Outside Date, and the Company,
Sellers and Parent are diligently proceeding to cure such breach, this Agreement may not be terminated pursuant to this Section 11.1(e); provided, further, that Buyer’s right to terminate this Agreement under this
Section 11.1(e) shall not be available if, at the time of such intended termination, Sellers have the right to terminate this Agreement under Section 11.1(b), (c), (d) or (f) hereof; 

(f) by Sellers, if Buyer has breached any representation, warranty, covenant or agreement on the part of Buyer set forth in this
Agreement which (i) would result in a failure of a condition set forth in Sections 10.1(a) or (b) or Section 10.3(a), (b) or (c) hereof and (ii) is not cured within thirty (30) calendar days after written notice
thereof; provided, however, that if such breach cannot reasonably be cured within such thirty (30) day period but can be reasonably cured prior to the Outside Date, and Buyer is diligently proceeding to cure such breach, this
Agreement may not be terminated pursuant to this Section 11.1(f); provided, further, that Buyer shall have no right to cure its failure to timely make any Extension Deposit and such failure shall result in an immediate right of
Sellers to terminate hereunder; provided, further, that Sellers’ right to terminate this Agreement under this Section 11.1(f) shall not be available if, at the time of such intended termination, Buyer has the right to
terminate this Agreement under Section 11.1(b), (c), (d) or (e) hereof; or 
 (g) by Buyer, pursuant to
Section 13.2(b) or 13.3. 

  
 52 

 Section 11.2 Effect of Termination. 

(a) Liability. In the event of termination of this Agreement as provided in Section 11.1 hereof, this Agreement shall
immediately become void and there shall be no Liability on the part of Buyer or Sellers, or their respective Affiliates or Representatives, other than Sections 1.5, 9.5(b) and 11.2 and ARTICLE XIII hereof; provided, however, that
nothing contained in this Section 11.2 shall relieve or limit the Liability of either party to this Agreement for any fraudulent or willful breach of this Agreement. 
 (b) Fees and Expenses. Except as otherwise expressly provided in this Agreement, all fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be
paid by the party incurring such expenses, whether or not the Closing is consummated. Any cancellation charges of the Escrow Agent or Title Insurer shall be paid by the party who breached this Agreement, and, if no party breached this Agreement,
then each of Sellers and Buyer shall pay one-half of such cancellation charges. 
 (c) Application of the Deposit and any
Extension Deposit. 
 (i) Upon the termination of this Agreement pursuant to Section 11.1(e) and (g) hereof, the
Deposit and any Extension Deposit, together with interest earned thereon, shall be paid to Buyer. 
 (ii) Upon the termination
of this Agreement for any reason other than pursuant to Section 11.1(e) and (g) hereof, the Deposit and any Extension Deposit, together with any interest earned thereon, shall be paid to Sellers (or their designee). 

(d) Certain Terminations. In the event that (w) this Agreement is terminated pursuant to Section 11.1(b) or (c),
(x) one or more Required Governmental Consents has not been obtained at or prior to the time of such termination, (y) all of the condition to Buyer’s obligation to effect the Closing set forth in Sections 10.1(a) or (b) and
Sections 10.2(a), (b), (c) and (d) have been satisfied, or waived by Buyer, other than those conditions that are not satisfied because of the failure to obtain such Required Governmental Consent(s) and (z) any action announced,
entered into or commenced by Buyer after the Effective Date (a “Buyer Corporate Transaction”) was a material cause of the failure to obtain such Required Governmental Consent(s) prior to the termination date, then, within three
(3) business days of the consummation by Sellers of any Company Sale pursuant to a binding arms length agreement with a non-affiliated third party purchaser (the “Third Party Purchaser”) entered into within twelve
(12) months of such termination date (a “New Sale Agreement”), Buyer shall pay to Sellers the amount, if any, by which (i) the Purchase Price less the amount of the Deposit and any Extension Deposit previously released to
Sellers pursuant to Section 11.2(c) exceeds (ii) the New Sale Price (the “Make-Whole Amount”); provided, that, if Sellers and/or the Company enter into a New Sale Agreement, they shall use all reasonable best
efforts to maximize the New Sale Price and shall permit Buyer to participate on the same process as all other bidders in the sales process seeking a Third Party Purchaser; provided, however, that prior to entry into a New Sale
Agreement, Sellers and the Company may use its good faith judgment to determine the most favorable Company Sale proposal, considering all legal, regulatory and financial aspects 

  
 53 

 
(including certainty of closing). In the event of a termination of this Agreement of the type described in the first sentence of this Section 11.2(d), there shall be no Liability on the part
of Buyer or its Affiliates or Representatives other than payment of the Make-Whole Amount (if any) pursuant to this Section 11.2(d), and as set forth in Section 11.2(c); provided, however, that nothing contained in this
Section 11.2(d) shall relieve or limit the Liability of Buyer for any fraudulent or willful breach of this Agreement. For the avoidance of doubt, the parties acknowledge and agree that this Section 11.2(d) does not limit Buyer’s
obligations pursuant to Section 9.13 hereof and does not restrict Buyer’s ability to engage in a Buyer Corporate Transaction. 
 ARTICLE XII. 
 SURVIVAL; INDEMNIFICATION 

Section 12.1 Survival of Representations, Warranties, Covenants and Agreements. 

(a) Except as set forth in ARTICLE XI and Section 12.1(b) hereof, the representations, warranties, covenants and agreements of each
party hereto shall remain operative and in full force and effect regardless of any investigation made by or on behalf of any other party hereto, any Person controlling any such party or any of their Representatives whether prior to or after the
execution of this Agreement. 
 (b) The representations and warranties made by Parent, Sellers, the Company and Buyer in this
Agreement shall survive the Closing until (and claims based upon or arising out of such representations and warranties may be asserted at any time before) six (6) months after the Closing Date, provided, however, that the
representations made in Sections 6.1 (Organization of Sellers), 6.2 (Authority; No Conflict; Required Filings and Consents), 6.3 (Title to Equity Interests), 7.1 (Organization of the Company), 7.2 (Authority; No Conflict; Required Filings and
Consents), 7.14 (Brokers), 7.17 (Minimum Cash), 8.1 (Organization), 8.2 (Authority; No Conflict; Required Filings and Consents), 8.3 (Brokers) (collectively, the “Fundamental Representations”) shall survive indefinitely, and the
representations and warranties in Section 7.5 (Tax) shall survive until sixty (60) days following the expiration of the statute of limitations (taking into account any extensions or waivers thereof) applicable to the collection of the
applicable Tax that is the subject of such representations. The period of time a representation or warranty survives the Closing pursuant to the preceding sentence shall be the “Survival Period” with respect to such representation
or warranty. The parties intend for the preceding two sentences to shorten the otherwise applicable statute of limitations and agree that, subject to the last sentence of this Section 12.1(b), no claim may be brought based upon, directly or
indirectly, any of the representations and warranties contained in this Agreement after the Survival Period with respect to such representation or warranty. The covenants and agreements of the parties hereto in this Agreement shall survive the
Closing without any contractual limitation on the period of survival (other than those covenants and agreements that are expressly required to remain in full force and effect for a specified period of time). The termination of the representations
and warranties provided herein shall not affect a party (i) in respect of any claim made by such party in reasonable detail in writing received by an Indemnifying Party prior to the expiration of the applicable Survival Period provided herein,
or (ii) in respect of any claim grounded in fraud or willful misconduct of the Indemnifying Party. 

  
 54 

 Section 12.2 Indemnification. 

(a) Except with respect to Taxes that are governed by Section 12.2(d), from and after the Closing, Parent and Sellers shall
indemnify, save and hold harmless Buyer and its Affiliates and its and their respective Representatives, successors and assigns (each, a “Buyer Indemnified Party” and collectively, the “Buyer Indemnified Parties”)
from and against any and all costs, losses, Taxes, Liabilities, obligations, damages, claims, demands and expenses (whether or not arising out of third-party claims), including interest, penalties, reasonable attorneys’ fees and all amounts
paid in investigation, defense or settlement of any of the foregoing (herein, “Damages”), incurred in connection with, arising out of, or resulting from: 
 (i) any breach of any representation or warranty other than a Fundamental Representation made by Parent, Sellers or the Company in this Agreement; 

(ii) any breach of Fundamental Representation made by Parent, Sellers or the Company in this Agreement; 

(iii) any breach of any covenant (excluding any Damages incurred in connection with, arising out of, or resulting from a breach of
Section 9.1(p) that have been reflected in Net Working Capital) or agreement made, or to be performed, by Parent, Sellers or the Company in this Agreement; 
 (iv) the Excluded Liabilities; 
 (v) the Excluded Assets; or 

(vi) the ownership, use, registration, maintenance, licensing or previous transfer of the Purchased Assets prior to the Closing or the
conduct of the Business prior to the Closing. 
 (b) Except with respect to Taxes that are governed by Section 12.2(d),
from and after the Closing, Buyer shall indemnify, save and hold harmless Sellers, the Company and their respective Affiliates and its and their Representatives, successors and (each, a “Seller Indemnified Party” and collectively,
the “Seller Indemnified Parties”) from and against any and all Damages incurred in connection with, arising out of, or resulting from: 
 (i) any breach of any representation or warranty other than a Fundamental Representation made by Buyer in this Agreement; 
 (ii) any breach of Fundamental Representation made by Buyer in this Agreement; 

(iii) any breach of any covenant or agreement made, or to be performed, by Buyer in this Agreement; 

(iv) the Assumed Liabilities; 

  
 55 

 (v) the Purchased Assets; or 

(vi) the ownership, use, registration, maintenance, licensing or further transfer of the Purchased Assets after the Closing or the
conduct of the Business after the Closing. 
 (c) Interpretation. Notwithstanding anything in this Agreement to the
contrary, the term Damages shall not include any consequential, special or incidental damages, claims for lost profits, or punitive or similar damages, except in cases where such damages are recovered from an Indemnified Party by a third party.

 (d) Tax Indemnification. 
 (i) From and after the Closing, Sellers shall indemnify, save and hold harmless the Buyer Indemnified Parties from and against any and all Damages incurred in connection with, arising out of, or resulting
from: (A) any breach of any representation or warranty contained in Section 7.5 (Taxes); (B) any breach of any covenant or agreement made, or to be performed by Parent, Sellers or the Company on or prior to the Closing Date, pursuant
to Section 3.3, Section 9.1(s), Section 9.9(a) and Section 12.9; and (C) any Excluded Taxes. 
 (ii)
From and after the Closing, Buyer shall indemnify, save and hold harmless the Seller Indemnified Parties from and against any and all Damages incurred in connection with, arising out of, or resulting from: (A) any breach of any covenant or
agreement made, or to be performed by Buyer, pursuant to Section 3.3, Section 9.9(a) and Section 12.9; and (B) any Taxes of the Company or relating to the Purchased Assets for any Post-Closing Period; in each case, other than
Taxes for which Sellers are responsible pursuant to Section 12.2(d)(i). 
 Section 12.3 Procedure for Claims
between Parties. Except with respect to Taxes that are governed by Section 12.2(d), if a claim for Damages is to be made by a Buyer Indemnified Party or Seller Indemnified Party (each, an “Indemnified Party” and
collectively, the “Indemnified Parties”) entitled to indemnification hereunder, such party shall give written notice briefly describing the claim and, to the extent then ascertainable, the monetary damages sought (each, a
“Notice”) to the indemnifying party hereunder (the “Indemnifying Party” and collectively, the “Indemnifying Parties”) as soon as reasonably practicable after such Indemnified Party becomes aware of
any fact, condition or event which may give rise to Damages for which indemnification may be sought under this ARTICLE XII. Any failure to submit any such notice of claim to the Indemnifying Party shall not relieve any Indemnifying Party of any
Liability hereunder, except to the extent that the Indemnifying Party was actually prejudiced by such failure. 

Section 12.4 Defense of Third Party Claims. 
 (a) Except with respect to Taxes that are governed by Section 12.2(d), if any lawsuit, action, proceeding, investigation, claim or enforcement action is initiated against an Indemnified Party by any
third party (each, a “Third Party Claim”) for which indemnification under this ARTICLE XII may be sought, Notice thereof, together with copies of all notices and communication relating to such Third Party Claim, shall be given to
the Indemnifying Party as 

  
 56 

 
promptly as reasonably practicable. The failure of any Indemnified Party to give timely Notice hereunder shall not affect rights to indemnification hereunder, except to the extent that the
Indemnifying Party was actually prejudiced by such failure. 
 (b) If it so elects at its own cost, risk and expense, the
Indemnifying Party shall be entitled to: 
 (i) take control of the defense and investigation of such Third Party Claim at its
sole cost and expense if the Indemnifying Party notifies the Indemnified Party in writing that the Indemnifying Party will indemnify the Indemnified Party for any Damages related to the Third Party Claim; 

(ii) employ and engage attorneys of its own choice (provided that such attorneys are reasonably acceptable to the Indemnified Party) to
handle and defend the same, unless the named parties to such action or proceeding include both one or more Indemnifying Parties and an Indemnified Party, and the Indemnified Party has reasonably concluded that there may be one or more legal defenses
or defense strategies available to such Indemnified Party that are different from or additional to those available to an applicable Indemnifying Party or that there exists or is reasonably likely to exist a conflict of interest, in which event such
Indemnified Party shall be entitled, at the Indemnifying Parties’ reasonable cost, risk and expense, to separate counsel (provided that such counsel is reasonably acceptable to the Indemnifying Party); and 

(iii) compromise or settle such Third Party Claim, which compromise or settlement shall be made (x) only with the written consent
of the Indemnified Party, such consent not to be unreasonably withheld, or (y) if such compromise or settlement contains an unconditional release of the Indemnified Party in respect of such claim, without any cost, liability or admission of
wrongdoing of any nature whatsoever to or by such Indemnified Party, and provides only for monetary damages that will be paid in full by the Indemnifying Party. 
 (c) If the Indemnifying Party elects to assume the defense of a Third Party Claim, the Indemnified Party shall cooperate in all reasonable respects with the Indemnifying Party and its attorneys in the
investigation, trial and defense of such Third Party Claim and any appeal arising therefrom; provided, however, that the Indemnified Party may, at its own cost, participate in the investigation, trial and defense of such lawsuit or action and
any appeal arising therefrom. The parties shall cooperate with each other in any notifications to insurers. 
 (d) If the
Indemnifying Party fails to assume the defense of such Third Party Claim within fifteen (15) calendar days after receipt of the Notice, the Indemnified Party against which such Third Party Claim has been asserted will have the right to
undertake, at the Indemnifying Parties’ reasonable cost, risk and expense, the defense, compromise or settlement of such Third Party Claim on behalf of and for the account and risk of the Indemnifying Parties; provided, however, that
such Third Party Claim shall not be compromised or settled without the written consent of the Indemnifying Party, which consent shall not be unreasonably withheld. 
 (e) If the Indemnified Party assumes the defense of the Third Party Claim, the Indemnified Party will keep the Indemnifying Party reasonably informed of the progress of any such defense, compromise or
settlement. 

  
 57 

 (f) If the Indemnifying Party notifies the Indemnified Party that it does not dispute its
liability to the Indemnified Party with respect to the Third Party Claim or fails to notify the Indemnified Party whether the Indemnifying Party disputes its liability to the Indemnified Party with respect to such Third Party Claim within sixty
(60) days of the Notice of such Third Party Claim having been provided to the Indemnifying Party, the Damages arising from such Third Party Claim will be conclusively deemed a liability of the Indemnifying Party and the Indemnifying Party shall
pay the amount of such Damages to the Indemnified Party on demand following the final determination thereof. If the Indemnifying Party disputes its liability with respect to such claim within such 60-day period, then such dispute shall be resolved
in accordance with the terms and conditions of Section 12.5. 
 (g) This Section 12.4 shall not apply to any claim
with respect to Taxes that are governed by Section 12.2(d), which shall be governed exclusively by Section 12.9(c). 

Section 12.5 Resolution of Conflicts and Claims. 
 (a) If the Indemnifying Party objects in writing to any claim for indemnification made by an Indemnified Party in any written Notice of a claim (an “Objection Notice”), Sellers, on the
one hand, and Buyer, on the other hand, shall attempt in good faith to agree upon the rights of the respective parties with respect to each of such claims, and such Sellers and Buyer shall provide information to the other party (as reasonably
requested) related to the issues set forth in the Objection Notice. If Sellers and Buyer should so agree, a memorandum setting forth such agreement shall be prepared and signed by both parties. 

(b) If no such agreement is reached after good faith negotiation, either Buyer or Sellers may demand mediation of the dispute, unless the
amount of the damage or loss is at issue in a pending action or proceeding involving a Third Party Claim, in which event mediation shall not be commenced until such amount is ascertained or both parties agree to mediation. In any such mediation,
Buyer and Sellers agree to employ a mediator from the American Arbitration Association (the “AAA”) to assist them in reaching resolution of such dispute according to the Commercial Mediation Rules of the AAA. The mediator shall be a
corporate attorney with at least fifteen (15) years experience in acquisitions. The fees and expenses of the mediator shall be shared equally by Buyer and Sellers. If, after mediation efforts, Buyer and Sellers should agree as to all or a
portion of a claim, a memorandum setting forth such agreement shall be prepared and signed by both parties. If after reasonable efforts, and over a period of sixty (60) calendar days, the parties are unable to reach agreement on such dispute
utilizing the mediator, the parties shall be permitted to proceed with any legal remedy available to such party. 
 (c) The
provisions of this Section 12.5 shall apply to disputes between the parties as to Tax matters subject to Section 12.9, with the term “Third Party Claim” replaced with “Tax Claim”. 

Section 12.6 Limitations on Indemnity. 
 (a) No Buyer Indemnified Party shall seek, or be entitled to, indemnification from any of the Indemnifying Parties pursuant to Section 12.2(a)(i) hereof to the extent the aggregate claims for Damages
of the Buyer Indemnified Parties for which indemnification is 

  
 58 

 
sought pursuant to Section 12.2(a)(i) hereof are less than six million one-hundred thousand dollars ($6,100,000) (the “Deductible”) or exceed an amount equal to thirty
million five-hundred thousand dollars ($30,500,000) (the “Cap”); provided, that, if the aggregate of all claims for Damages for which indemnification is sought pursuant to Section 12.2(a)(i) hereof equals or exceeds the
Deductible, then the Buyer Indemnified Parties shall be entitled to recover for such Damages, subject to the limitations in this Section 12.6(a), only to the extent such Damages exceed the Deductible, but in any event not to exceed the Cap.

 (b) In addition to the limitations set forth in Section 12.6(a), no Buyer Indemnified Party shall seek, or be entitled
to, indemnification from any of the Indemnifying Parties pursuant to Section 12.2(a)(i) hereof to the extent any individual claim or series of related individual claims for Damages of the Buyer Indemnified Parties for which indemnification is
sought pursuant to Section 12.2(a)(i) hereof is less than $100,000, at which time, subject to the limitation set forth herein, the Buyer Indemnified Party shall be entitled to indemnification for the full amount of all such Damages from and
including the first dollar of such Damages and all such Damages shall count towards the satisfaction of the Deductible. 
 (c)
In calculating the amount of any Damages payable to a Buyer Indemnified Party or a Seller Indemnified Party hereunder, the amount of the Damages (i) shall not be duplicative of any other Damage for which an indemnification claim has been made
and (ii) shall be computed net of any amounts actually recovered by such Indemnified Party under any insurance policy with respect to such Damages (net of any costs and expenses incurred in obtaining such insurance proceeds). If an Indemnifying
Party pays an Indemnified Party for a claim and subsequently insurance proceeds in respect of such claim is collected by the Indemnified Parties, then the Indemnified Party promptly shall remit the insurance proceeds (net of any costs and expenses
incurred in obtaining such insurance proceeds) up to the amount paid by Indemnifying Party to Indemnifying Party. The Indemnified Parties shall use commercially reasonable efforts to obtain from any applicable insurance company any insurance
proceeds in respect of any claim for which the Indemnified Parties seek indemnification under this ARTICLE XII. 

Section 12.7 Payment of Damages. Except as otherwise permitted in Section 12.9(a), an Indemnified Party shall be paid in
cash by an Indemnifying Party the amount to which such Indemnified Party may become entitled by reason of the provisions of this ARTICLE XII, within ten (10) business days after such amount is determined either by mutual agreement of the
parties or on the date on which both such amount and an Indemnified Party’s obligation to pay such amount have been determined by a final judgment of a court or administrative body having jurisdiction over such proceeding. 

Section 12.8 Exclusive Remedy. 
 (a) After the Closing, the indemnities provided in this ARTICLE XII shall constitute the sole and exclusive remedy of any Indemnified Party for Damages arising out of, resulting from or incurred in
connection with any claims regarding matters arising under or otherwise relating to this Agreement; provided, however; that this exclusive remedy for Damages does not preclude a party from bringing an action for specific performance or
other equitable 

  
 59 

 
remedy to require a party to perform its obligations under this Agreement. Without limiting the foregoing, Buyer, Parent and Sellers each hereby waive (and, by their acceptance of the benefits
under this Agreement, each Buyer Indemnified Party and Seller Indemnified Party hereby waives), from and after the Closing, any and all rights, claims and causes of action (other than claims of, or causes of action arising from, fraud or willful
misconduct) such party may have against the other party arising under or based upon this Agreement or any schedule, exhibit, disclosure letter, document or certificate delivered in connection herewith, and no legal action sounding in tort, statute
or strict liability may be maintained by any party (other than a legal action brought solely to enforce or pursuant to the provisions of this ARTICLE XII). Notwithstanding anything to the contrary in this Section 12.8, in the event of willful
misconduct, or a fraudulent breach of the representations, warranties, covenants or agreements contained herein, by Buyer, Parent or Sellers, any Indemnified Party shall have all remedies available at law or in equity (including for tort) with
respect thereto. 
 (b) Without limiting the foregoing, the Buyer Indemnified Parties and the Seller Indemnified Parties hereby
waive and agree not to seek (whether under any Environmental Law or otherwise) any statutory or common law remedy (whether for contribution, equitable indemnity or otherwise) against any Indemnifying Party with regard to any Environmental Condition
or Environmental Liability, except solely in accordance with the exclusive remedy provided in this ARTICLE XII. 

Section 12.9 Tax Matters. 
 (a) Treatment of Indemnification Payments. All indemnification payments made pursuant to this ARTICLE XII shall be treated by the parties for income Tax purposes as adjustments to the purchase
price, unless (i) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Law) or (ii) Buyer provides Sellers with its written consent,
which consent shall not be unreasonably withheld, conditioned or delayed. 
 (b) Tax Returns. 

(i) Sellers shall prepare or cause to be prepared all Tax Returns required to be filed by, with respect to or that include the Company
with respect to taxable periods of the Company ending on or before the Closing Date (the “Pre-Closing Separate Tax Returns”), and such Pre-Closing Separate Tax Returns, to the extent they relate to the Company, shall be prepared
consistent with past practices and this Agreement, except as otherwise required by applicable Law. Sellers shall file or cause to be filed all Pre-Closing Separate Tax Returns that are required to be filed on or before the Closing Date and Sellers
shall pay, or cause to be paid, all such Taxes shown as due on such Tax Returns. Buyer shall file or cause to be filed all Pre-Closing Separate Tax Returns for the Company that are prepared by Sellers pursuant to the first sentence of this
Section 12.9(b)(i) that are due after the Closing Date and, subject to the other provisions in this Agreement, shall pay or cause to be paid all Taxes shown as due on such Pre-Closing Separate Tax Returns, provided that neither Buyer nor
the Company shall be required to sign or file any Tax Return (i) not prepared in accordance with this Agreement or (ii) if it reasonably determines that there is not substantial authority supporting each material

  
 60 

 
position reflected on such Tax Return (or such higher standard as may be required under applicable state, local or foreign Law to avoid the imposition of penalties) and, provided, further,
that signing and filing a Tax Return in accordance with the foregoing provision shall not be considered an acknowledgement that such Tax Return complies with the requirements of this Agreement. Sellers shall pay to Buyer no later than three
(3) business days prior to the due date for filing any Pre-Closing Separate Tax Return referenced in the preceding sentence, the amount of Taxes shown as due on such Pre-Closing Separate Tax Returns. Sellers shall provide Buyer a copy of each
such Pre-Closing Separate Tax Return for its review and comment a reasonable number of days prior to the due date (including any applicable extension) of such Tax Return, and Sellers shall reasonably consider any written comments of Buyer received
prior to filing such Pre-Closing Separate Tax Return. If the Company is permitted under any applicable income Tax Law to treat the Closing Date as the last day of the taxable period in which the Closing occurs, Buyer and Sellers shall treat (and
shall cause their respective Affiliates to treat) the Closing Date as the last day of such taxable period. 
 (ii) Buyer shall
prepare or cause to be prepared all Tax Returns of the Company for taxable periods starting on or before the Closing Date and ending after the Closing Date (each, a “Straddle Period”), and shall cause such Tax Returns to be prepared
consistent with past practices, except as otherwise required by applicable Law. The Company shall file or cause to be filed all such Tax Returns for any Straddle Period and, subject to the other provisions in this Agreement, shall pay or cause to be
paid all Taxes shown as due on such Tax Returns. Sellers shall pay to Buyer no later than three (3) business days prior to the due date for filing any Tax Return for any Straddle Period the amount of Taxes owing with respect to the Straddle
Period for which Sellers are responsible pursuant to Section 12.2(d)(i). Buyer shall provide Sellers a copy of each such Tax Return for their review and comment a reasonable number of days prior to the due date (including any applicable
extension) of such Tax Return, and Buyer shall reasonably consider any written comments of Sellers received by Buyer prior to filing such Tax Return. 
 (iii) For purposes of the indemnity provisions of this Agreement, in the case of any Taxes that are imposed on a periodic basis and are payable for a Straddle Period, the portion of such Tax related to
the portion of such Straddle Period ending on and including the Closing Date shall (A) in the case of any Taxes other than gross receipts, employment, sales or use Taxes, Taxes based upon or related to income and other similar Taxes, be deemed
to be the amount of such Tax for the entire Straddle Period multiplied by a fraction the numerator of which is the number of days in the Straddle Period ending on and including the Closing Date and the denominator of which is the number of days in
the entire Straddle Period, and (B) in the case of any Tax based upon or related to income and any gross receipts, employment, sales or use Tax and other similar Taxes, be deemed equal to the amount which would be payable if the relevant Tax
period ended on and included the Closing Date. 
 (c) Tax Contest. Buyer or Sellers, as applicable, shall promptly notify
Sellers or Buyer, as applicable, in writing upon receipt by Buyer (or, following the Closing, the Company) or Sellers, as applicable, of a written notice of any audit or administrative or judicial proceeding with respect to Taxes of the Company
which Sellers or Buyer, as applicable, may be responsible for pursuant to Section 12.2(d) (a “Tax Claim”); provided, however, no failure or 

  
 61 

 
delay by Buyer or Sellers, as applicable, to provide notice of a Tax Claim shall reduce or otherwise affect the obligation of Sellers or Buyer, as applicable, hereunder except to the extent
Sellers or Buyer, as applicable, is actually prejudiced thereby. Buyer and Sellers shall cooperate with each other in the conduct of any Tax Claim. Sellers shall have the right to control the conduct of any Tax Claim for a period that ends on or
prior to the Closing Date if Sellers provide Buyer with notice of its election to control such claim within twenty (20) days of Buyer notifying Sellers of such Tax Claim. If Sellers do not elect to control any such Tax Claim within the time
period set forth above, then Buyer shall be entitled to control all aspects of such claim. Buyer shall control any Tax Claim for a period that begins before and ends after the Closing Date. If the resolution of any Tax Claim for any Pre-Closing
Period or Straddle Period could reasonably be expected to have an adverse effect on the party that is not in control of such claim, (A) the party in control of such claim shall keep the other party reasonably informed regarding the progress and
substantive aspects of such Tax Claim, (B) the other party shall be entitled to participate in any proceedings with respect to such Tax Claim and (C) the party in control of such claim shall not compromise or settle any such Tax Claim
without obtaining the other party’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding anything to the contrary in this Agreement, Buyer shall have the right to exclusively control
the conduct of any audit or administrative or judicial proceeding with respect to the Company for any taxable period other than a Straddle Period beginning after the Closing Date. 

(d) Cooperation. Buyer and Sellers shall reasonably cooperate, as and to the extent reasonably requested by the other party, in
connection with the filing of Tax Returns and any audit, litigation or other proceeding with respect to Taxes of the Company. Such cooperation shall include the retention and (upon the other party’s request, provided that the other party
provides reimbursement for all reasonable out of pocket expenses) the provision of records and information reasonably relevant to any such audit, litigation or other proceeding and making employees available on a mutually convenient basis to provide
additional information and explanation of any material provided hereunder. Each of Buyer and Sellers shall (i) retain all books and records in its (or its Affiliate’s) possession after the Closing with respect to Tax matters pertinent to
the Company relating to any taxable period beginning before the Closing Date until expiration of the statute of limitations (taking into account any extensions thereof) of the respective taxable periods and (ii) give the other party reasonable
written notice prior to transferring, destroying or discarding any such books and records and, if the other party so requests, shall allow the requesting party to take possession of such books and records. 

(e) Certain Actions After Closing. Neither Buyer nor any of its Affiliates (including, after the Closing, the Company) shall,
without the prior written consent of Sellers (such consent not to be unreasonably withheld, conditioned or delayed), (i) make or change any (A) Tax election of the Company for a taxable period (or portion thereof) ending on or before the
Closing Date or (B) property Tax election of the Company affecting the Tax Claim described in Section 7.5(b)(i) of the Company Disclosure Letter in respect of certain property Taxes of the Company for the 2011 taxable period,
(ii) amend, refile or otherwise modify (or grant an extension of any applicable statute of limitations with respect to) any Tax Return of the Company for a taxable period (or portion thereof) ending on or before the Closing Date, or
(iii) cause the Company to engage in any transaction on the Closing Date after the Closing that is 

  
 62 

 
outside of the ordinary course of business, except for the transactions contemplated by this Agreement; in each case, except for any action that would not, individually or in the aggregate, have
an adverse effect on Sellers or any of their Affiliates (including, with respect to a taxable period (or portion thereof) ending on or before the Closing Date, the Company) that is material. 

(f) Tax Sharing Agreements. Any and all existing Tax sharing or similar agreements between Sellers or any of their Affiliates, on
the one hand, and the Company, on the other hand, shall be terminated and all payables and receivables arising thereunder shall be settled, in each case prior to the Closing Date. After the Closing, neither Buyer nor the Company shall have any
further rights or liabilities thereunder. 
 (g) Tax Refunds. Sellers shall be entitled to any refund (whether by way of
payment or reduction in Taxes otherwise payable in cash) received by Buyer or the Company of Taxes constituting an Excluded Liability; provided, however, that Sellers shall not be entitled to any refund of Taxes to the extent that such
refund is attributable to the carryback of a loss or other Tax attribute arising in a Post-Closing Period. Except as provided in the foregoing sentence, Buyer shall be entitled to any other refund of or with respect to the Company or with respect to
Transfer Taxes paid by Buyer pursuant to Section 9.9(a). If any party receives a refund to which another party is entitled pursuant to this Section 12.9(g), such party shall pay over such refund (net of costs or Taxes to the party
receiving such refund) to the party entitled to such refund no later than ten (10) business days following receipt of such refund. 
 ARTICLE XIII. 
 TITLE TO REAL PROPERTY 

Section 13.1 Title Policy and UCC Search. Buyer has obtained the Title Commitment and agrees to accept the Title Policy
delivered by the Company on or immediately prior to the date hereof and the Uniform Commercial Code search of Sellers dated as of April 25, 2012 (the “UCC Search”). Buyer hereby acknowledges receipt of the Title Commitment,
Title Policy and the UCC Search as evidence of the status of the Company’s title to the Purchased Assets and acceptance of the matters thereon as Permitted Liens. Buyer agrees to accept valid and insurable (at ordinary rates) fee simple title
to the Real Property subject to the Permitted Liens and Permitted Encumbrances. Buyer shall have the option upon the Closing Date to purchase a date-down endorsement to the Title Policy (or, at Buyer’s option, a new title insurance policy)
together with a non-imputation endorsement (if available) (the “Endorsement”), insuring that the Company is the owner of the Real Property described in the Title Policy, subject to the exceptions set forth in the Endorsement. Buyer
shall pay the premium for the Endorsement. 
 Section 13.2 Defects Arising After the Effective Date. 

(a) The UCC Search shall be updated by the Company not earlier than thirty (30) days and not later than ten (10) days prior to
the Closing Date. The Endorsement, if Buyer elects to obtain such Endorsement, shall be updated by Buyer not earlier than thirty (30) days and not later than ten (10) days prior to the Closing Date. If the updated UCC Search and/or
Endorsement, if applicable, discloses defects in title not shown by (i) the applicable Title Policy, (ii) UCC Search, (iii) the Company Disclosure Letter, (iv) the Title Commitment or (v) this

  
 63 

 
Agreement which, in any case, render fee simple title to the Real Property uninsurable (at ordinary rates) (“Non-Monetary Defects”), or, if the Real Property should become
subject to a Monetary Defect (together with any Non-Monetary Defects, “Additional Exceptions”), Buyer may object to such Additional Exceptions by delivering to the Company an itemized written notice of Buyer’s objection to such
Additional Exceptions (“Defect Notice”) within fifteen (15) days after the date of receipt by Buyer of the updated Endorsement, if applicable, or UCC Search or, if earlier, the Closing Date (the “Notice
Period”). Additional Exceptions will not be deemed to include any Permitted Liens or Permitted Encumbrances. Buyer’s failure to deliver a Defect Notice during the Notice Period shall be deemed a waiver of Buyer’s right to object
to such Defect(s), and Buyer shall then accept such title as is described in the Endorsement and UCC Search, as updated, without reserving any claim against the Company for such Defect(s); provided that such a failure shall not limit any
claim that Buyer may have with respect to a breach of the Company’s obligations pursuant to Section 9.1(d) hereof). 

(b) If Buyer provides a Defect Notice to the Company during the Notice Period, the Company shall have five (5) days after receipt of
the Defect Notice within which to give written notice to Buyer as to whether the Company will elect to cure any Additional Exceptions. The Company shall be under no obligation to remove any Additional Exceptions that are not Monetary Defects (and
that are not created as a consequence of a breach of the Company’s obligations pursuant to Section 9.1(d) hereof), and any refusal of the Company to do so shall not be a default of the Company under this Agreement. Failure to notify Buyer
in writing within such period of the Company’s election shall be deemed the Company’s election not to cure any such Additional Exceptions. If the Company elects, in its sole discretion, to cure any Additional Exceptions, the Company shall
have thirty (30) days after receipt of the Defect Notice to cure such Additional Exceptions which Company has elected to cure, and the Closing shall, if necessary, be extended accordingly. Buyer shall have five (5) business days following
either receipt of the Company’s notice electing not to cure any Additional Exceptions or the date on which the Company is deemed to have elected not to cure any Additional Exceptions in which to elect (in each case, without limitation to any
claim that Buyer may have with respect to a breach of the Company’s obligations pursuant to Section 9.1(d) hereof) either to (i) waive its objection to the Additional Exceptions that the Company does not or is deemed not to elect to
cure and to proceed with Closing; or (ii) terminate this Agreement upon written notice to the Company and Escrow Agent. The Company shall be obligated to cure Monetary Defects in accordance with Section 13.2(c). 

(c) The Company shall be obligated to cure monetary Liens encumbering the Real Property (other than any non-delinquent Taxes and
assessments and any monetary Liens created or suffered by Buyer or consented to by Buyer), including financing liens or encumbrances created by, under or through or the Company or that are held by the Company or any of its Affiliates
(“Monetary Defects”) in the manner provided below. In order to cure a Monetary Defect, or any Additional Exception that the Company elects to cure in accordance with this Article XIII, the Company shall have the option to extend the
Closing Date for a period of thirty (30) days, by giving written notice of such extension election to Buyer and Escrow Agent on or prior to the Closing Date. The Company may cure Monetary Defects, and any Additional Exceptions that the Company
elects to cure, by any of the following methods to the extent applicable: (i) removing the Monetary Defect or applicable Additional Exceptions of 

  
 64 

 
record; (ii) posting a bond which causes a Monetary Defect to cease to be a Lien on the Real Property; or (iii) providing indemnification to the Title Insurer against adverse final
adjudication of any Monetary Defect or such Additional Exception and having the Title Insurer provide an endorsement, if applicable, which deletes such Monetary Defect or such Additional Exception as an exception to coverage. 

Section 13.3 Failure to Cure Title Defects. If the Company fails to cure a Monetary Defect that it is obligated to cure in
accordance with Section 13.2 hereof, or an Additional Exception that the Company had elected to cure in accordance with Section 13.2 hereof, such failure shall be a default by the Company and this Agreement shall, at the option of Buyer
(to be exercised by written notice to the Company given no later than the earlier of: (a) the Closing Date or (b) five (5) business days after such the Company’s notice to Buyer of such the Company’s election not to cure or
attempt to cure such title defects), be terminated, the Escrow Agent shall return the Deposit to Buyer and Buyer and the Company shall be released and discharged from any further obligation to each other hereunder; provided, that if Buyer so elects,
Buyer may accept such title as is tendered by the Company without a reduction in the Purchase Price or reservation of claim against the Company (but without limitation to any claim that Buyer may have with respect to a breach of the Company’s
obligations pursuant to Section 9.1(d) hereof). Buyer’s right to terminate this Agreement pursuant to this Section 13.3 shall apply to the entire Agreement and notwithstanding anything contained to the contrary herein, if Buyer elects
to terminate this Agreement pursuant to this Section 13.3, Buyer shall not, in any event, have a right to terminate less than all of this Agreement. 
 Section 13.4 Survey. Buyer agrees to accept the Real Property subject to all matters shown by the surveys described on Section 13.4 of the Company Disclosure Letter (collectively, the
“Survey”). The Company shall, at Buyer’s sole cost and expense, cause the Survey to be updated and recertified to Buyer not earlier than one hundred twenty (120) days and not later than fifteen (15) days prior to the
Closing. If a recertified updated and recertified Survey reveals: (a) any material encroachments of the Real Property onto property of others; (b) any material encroachments of property of others onto the Real Property; or (c) the
location of any title matter on the Real Property in a manner that would materially and adversely affect the ability to use the Real Property as presently constructed and located on the Real Property; or any other matter which would render title to
the Real Property uninsurable and unmarketable, and if such matters were not revealed by the Survey, then such disclosure shall be an Additional Exception as to which the provisions of Sections 13.2 and 13.3 hereof shall govern Buyer’s and the
Company’s rights and obligations. 
 Section 13.5 AS IS. SUBJECT ONLY TO THE COMPANY’S REPRESENTATIONS AND
WARRANTIES AND COVENANTS EXPRESSLY SET FORTH HEREIN OR ANY CERTIFICATE OR AGREEMENT DELIVERED PURSUANT HERETO AND SUBJECT TO THE CONDITIONS, RIGHTS AND OBLIGATIONS SET FORTH HEREIN AND THEREIN, BUYER EXPRESSLY ACKNOWLEDGES AND AGREES, AND REPRESENTS
AND WARRANTS TO SELLER AND THE COMPANY, THAT BUYER HAS OR WILL HAVE THE OPPORTUNITY TO FULLY EXAMINE AND INSPECT THE PURCHASED ASSETS PRIOR TO THE EXECUTION OF THIS AGREEMENT AND THAT BUYER IS FULLY CAPABLE OF EVALUATING AND HAS EVALUATED THE
PURCHASED ASSETS’ 

  
 65 

 
SUITABILITY FOR BUYER’S INTENDED USE THEREOF, AND BUYER IS PURCHASING THE PURCHASED ASSETS WITH ALL DEFECTS IN THEIR “AS IS”, “WHERE IS” CONDITION AND WITH ALL FAULTS,
WHETHER KNOWN, UNKNOWN, APPARENT, OR LATENT. BUYER’S DECISION TO PURCHASE THE PURCHASED ASSETS IS NOT BASED ON ANY COVENANT, WARRANTY, PROMISE, AGREEMENT, GUARANTY, OR REPRESENTATION BY THE COMPANY, SELLER OR ANY OF THEIR AFFILIATES OR
REPRESENTATIVES AS TO CONDITION, PHYSICAL OR OTHERWISE, TITLE, LEASES, RENTS, REVENUES, INCOME, EXPENSES, OPERATION, ZONING OR OTHER REGULATION, COMPLIANCE WITH LAW, SUITABILITY FOR PARTICULAR PURPOSES OR ANY OTHER MATTER WHATSOEVER EXCEPT TO THE
EXTENT EXPRESSLY SET FORTH IN THIS AGREEMENT. SUBJECT ONLY TO THE COMPANY’S REPRESENTATIONS, WARRANTIES AND COVENANTS EXPRESSLY CONTAINED HEREIN, THE CONDITIONS SET FORTH IN ARTICLE X AND THE REPRESENTATIONS, WARRANTIES, AND CONDITIONS SET
FORTH IN ALL CERTIFICATES AND AGREEMENTS DELIVERED BY THE COMPANY PURSUANT TO THIS AGREEMENT, BUYER ACKNOWLEDGES AND AGREES THAT NEITHER THE COMPANY, SELLER, NOR ANY OF THEIR AFFILIATES NOR ANY OF THEIR RESPECTIVE REPRESENTATIVES HAS MADE, AND BUYER
SPECIFICALLY WAIVES AND RELINQUISHES ALL RIGHTS, PRIVILEGES AND CLAIMS ARISING OUT OF, ANY ALLEGED REPRESENTATIONS, WARRANTIES (INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR USE, AND WARRANTIES ARISING FROM A COURSE OF
DEALING, USAGE OR TRADE), PROMISES, COVENANTS, AGREEMENTS OR GUARANTIES OF ANY KIND OR CHARACTER WHATSOEVER, WHETHER EXPRESS OR IMPLIED, ORAL OR WRITTEN, PAST, PRESENT OR FUTURE, WHICH MAY HAVE BEEN MADE OR GIVEN, OR WHICH MAY BE DEEMED TO HAVE BEEN
MADE OR GIVEN, BY THE COMPANY, ITS AFFILIATES OR ANY OF THEIR RESPECTIVE REPRESENTATIVES, AS TO, CONCERNING OR WITH RESPECT TO: 

(A) THE VALUE OF THE PURCHASED ASSETS (REGARDLESS OF, WITHOUT LIMITATION, ANY STATEMENTS MADE BY THE COMPANY OR ANY ENTRY MADE IN THE
COMPANY’S FINANCIAL STATEMENTS); 
 (B) THE INCOME DERIVED OR TO BE DERIVED FROM THE PURCHASED ASSETS; 

(C) THE SUITABILITY OF THE REAL PROPERTY FOR ANY AND ALL ACTIVITIES AND USES WHICH BUYER MAY CONDUCT THEREON, INCLUDING, THE
POSSIBILITIES FOR FUTURE DEVELOPMENT OF THE REAL PROPERTY; 
 (D) THE FITNESS OF THE PURCHASED ASSETS FOR ANY PARTICULAR
PURPOSE; 
 (E) THE MANNER OR QUALITY OF REPAIR, STATE OF REPAIR OR LACK OF REPAIR OF THE PURCHASED ASSETS; 

  
 66 

 (F) THE NATURE, QUALITY OR CONDITION OF THE PURCHASED ASSETS, INCLUDING SOILS CONDITION, ANY
GRADING OR OTHER WORK PERFORMED ON OR WITH RESPECT TO THE REAL PROPERTY, AND THE GEOLOGICAL CONDITION OF THE REAL PROPERTY; 

(G) THE COMPLIANCE OF OR BY THE REAL PROPERTY OR ITS OPERATION WITH ANY APPLICABLE LAWS; 

(H) THE MANNER OR QUALITY OF THE CONSTRUCTION OR MATERIALS, IF ANY, INCORPORATED INTO THE REAL PROPERTY; 

(I) COMPLIANCE WITH ANY ENVIRONMENTAL PROTECTION, POLLUTION OR LAND USE LAWS, RULES, REGULATIONS, ORDERS OR REQUIREMENTS, INCLUDING TITLE
III OF THE AMERICANS WITH DISABILITIES ACT OF 1990 OR ANY ENVIRONMENTAL LAWS, AS ANY OF THE FOREGOING MAY BE AMENDED FROM TIME TO TIME AND REGULATIONS PROMULGATED UNDER ANY OF THE FOREGOING FROM TIME TO TIME; 

(J) THE PRESENCE, SUSPECTED PRESENCE OR ABSENCE OF HAZARDOUS SUBSTANCES AT, ON, UNDER, OR ADJACENT TO THE REAL PROPERTY; 

(K) THE CONTENT, COMPLETENESS OR ACCURACY OF THE STUDY MATERIALS OR ANY PLANS, DRAWINGS, DESCRIPTIONS OR THE LIKE WITH RESPECT TO THE
REAL PROPERTY; 
 (L) THE CONFORMITY OF THE REAL PROPERTY TO PAST, CURRENT OR FUTURE APPLICABLE ZONING OR BUILDING REQUIREMENTS;

 (M) DEFICIENCY OF ANY DRAINAGE; 
 (N) THE FACT THAT THE REAL PROPERTY MAY BE LOCATED ON OR NEAR EARTHQUAKE FAULTS OR IN SEISMIC HAZARD ZONES; 
 (O) THE EXISTENCE OR NON-EXISTENCE OF VESTED LAND USE, ZONING OR BUILDING ENTITLEMENTS AFFECTING THE REAL PROPERTY; OR 
 (P) ANY OTHER MATTER CONCERNING THE NATURE OR CONDITION OF THE REAL PROPERTY, PHYSICAL OR OTHERWISE. 
 SUBJECT ONLY TO THE COMPANY’S REPRESENTATIONS, WARRANTIES AND COVENANTS EXPRESSLY CONTAINED HEREIN, THE CONDITIONS SET FORTH IN ARTICLE X, THE RIGHTS AND OBLIGATIONS SET FORTH IN ARTICLE X, AND ANY
CERTIFICATES DELIVERED BY THE COMPANY PURSUANT TO THIS AGREEMENT, BUYER FURTHER ACKNOWLEDGES AND AGREES THAT THE PURCHASE PRICE REFLECTS THE PARTIES’ AGREEMENT TO CONVEY THE EQUITY INTERESTS, INCLUDING THE REAL PROPERTY ON AN “AS IS, WHERE
IS” BASIS 

  
 67 

 
AND BUYER HAS SPECIFICALLY AGREED TO DO SO IN ORDER TO INDUCE SELLER AND THE COMPANY TO ENTER INTO THIS AGREEMENT. BUYER FURTHER ACKNOWLEDGES THAT NEITHER SELLER NOR THE COMPANY IS LIABLE FOR AND
SHALL NOT BE BOUND IN ANY MANNER BY ANY ORAL OR WRITTEN STATEMENTS, REPRESENTATIONS OR INFORMATION PERTAINING TO THE COMPANY, INCLUDING THE PURCHASED ASSETS, OR THE OPERATION THEREOF, FURNISHED BY ANY REPRESENTATIVE OF THE COMPANY, EXCEPT TO THE
EXTENT CONTAINED IN THE REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY EXPRESSLY SET FORTH HEREIN AND IN ANY CERTIFICATES DELIVERED BY THE COMPANY PURSUANT TO THE TERMS OF THIS AGREEMENT. SUBJECT ONLY TO THE COMPANY’S REPRESENTATIONS,
WARRANTIES AND COVENANTS EXPRESSLY CONTAINED HEREIN, THE CONDITIONS SET FORTH IN ARTICLE X AND ANY CERTIFICATES AND AGREEMENTS DELIVERED BY THE COMPANY PURSUANT TO THIS AGREEMENT, BUYER FURTHER ACKNOWLEDGES AND AGREES THAT, TO THE MAXIMUM EXTENT
PERMITTED BY LAW, THE SALE OF THE EQUITY INTERESTS, INCLUDING THE TRANSFER OF THE REAL PROPERTY AS PROVIDED FOR HEREIN IS MADE ON AN “AS IS”, “WHERE IS” CONDITION AND BASIS WITH ALL FAULTS, AND SUBJECT TO ALL APPLICABLE LAWS
GOVERNING OR LIMITING THE DEVELOPMENT, USE OR OPERATION OF THE PURCHASED ASSETS OR THE CASINO (SUBJECT ONLY TO THE COMPANY’S REPRESENTATIONS, WARRANTIES AND COVENANTS EXPRESSLY SET FORTH HEREIN AND IN ANY CERTIFICATES DELIVERED BY THE COMPANY
PURSUANT TO TERMS OF THIS AGREEMENT), AND THAT THE COMPANY HAS NO OBLIGATIONS TO MAKE REPAIRS, REPLACEMENTS OR IMPROVEMENTS OF ANY KIND TO THE PURCHASED ASSETS. 
 Section 13.6 No Conflict. Nothing in this Article XIII shall limit or modify the Company’s obligations pursuant to Section 9.1(d) hereof or any remedies that may be available to
Buyer in connection with any breach of such obligations pursuant to this Agreement. 
 ARTICLE XIV. 

MISCELLANEOUS 
 Section 14.1 Definitions. 
 (a) For purposes of this Agreement, the
term: 
 “Accounts Receivable” means all accounts receivable (including receivables and revenues for food,
beverages, telephone and casino credit), notes receivable or overdue accounts receivable, in each case, due and owing by any third party, but not including the Tray Ledger and the Markers owed to the Company or its Affiliates 

“Acquired Personal Property” means the Personal Property, excluding the Excluded Personal Property. 

  
 68 

 “Acquisition Proposal” means any proposal or offer from any Person relating
to any direct or indirect acquisition or purchase of the Real Property or the other Purchased Assets, other than the transactions with Buyer contemplated by this Agreement. 
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control
with, such first-mentioned Person. 
 “Ancillary Agreements” means the Bill of Sale and Assignment, the
Assignment and Assumption Agreement, the Trademark Assignment Agreement, the Assignment of Equity Interests, and the Deposit Escrow Agreement. 
 “Assumed Contracts” means all service contracts, equipment leases and other leases with respect to Personal Property, Intellectual Property license agreements, sign leases and other
Contracts exclusively related to the Casino, other than the Excluded Contracts and Contracts that relate to the Excluded Assets. 
 “Business” means the business conducted by the Company at or with respect to the Casino. 
 “Buyer Material Adverse Effect” means changes, events, circumstances or effects that have had, will have or would reasonably be expected to have a material adverse effect on Buyer’s
ability to perform its obligations hereunder, obtain any Gaming Approval or to consummate the transactions contemplated hereby. 

“Casino” means that certain hotel and casino located on the Real Property and commonly known as Harrah’s St. Louis.

 “Class A License” means a license granted by the Missouri Gaming Commission under the Gaming Laws to allow
the parent organization(s) or controlling entity, as determined by the executive director, to develop and operate Class B licensee(s). 
 “Class B License” means a license granted by the Missouri Gaming Commission under the Gaming Laws to maintain, conduct gambling games on, and operate an excursion gambling boat and gaming
facility at a specific location. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Company Material Adverse Effect” means changes, events, circumstances or effects that have had, will have or could
reasonably be expected to be material and adverse to the business, financial condition or results of operations of the Purchased Assets or the Business, taken as a whole; provided, that none of the following, individually and in the
aggregate, shall constitute or be taken into account in determining whether a Company Material Adverse Effect has occurred: (i) general conditions (or changes therein) in the (A) travel, hospitality or gaming industries, or in the
jurisdiction where the Company operates or (B) the financial, banking, currency or capital markets, (ii) any change in GAAP or applicable Law (other than a change in Gaming Law prohibiting or substantially restricting gaming activities
which are currently permitted at 

  
 69 

 
Closing), (iii) any change, event or effect resulting from the entering into or public announcement of the transactions contemplated by this Agreement, (iv) any change, event or effect
resulting from any act of terrorism, commencement or escalation of armed hostilities in the U.S. or internationally, and (v) the failure of the Casino to meet any financial or other projections (provided that the underlying cause of any such
failure to meet financial or other projections may be considered in determining whether a Company Material Adverse Effect has occurred); provided, however, that the matters described in clauses (i), (ii) and (iv) above shall
be considered in determining whether a Company Material Adverse Effect has occurred to the extent of any disproportionate impact on the Purchased Assets or the Business, taken as a whole, relative to other participants operating in the same
industries and geographic markets as the Business. 
 “Company Sale” means a bona fide sale of the
Business for cash, by means of a sale of all of the Equity Interests or all or substantially all of the assets of the Company to a non-affiliated third party. 
 “Confidentiality Agreement” means that certain agreement entered into as of January 10, 2012 between CEOC and Buyer. 

“Contract” means any agreement, contract, lease, power of attorney, note, loan, evidence of indebtedness, purchase
order, letter of credit, settlement agreement, franchise agreement, undertaking, covenant not to compete, employment agreement, license, instrument, obligation, commitment, understanding, policy, purchase and sales order, quotation and other
executory commitment to which any Person is a party or to which any of the assets of such Person are subject, whether oral or written, express or implied. 
 “Controlled Group Liability” means any and all liabilities (i) under Title IV of ERISA, (ii) under Section 302 of ERISA, (iii) under Sections 412 and 4971 of the Code,
(iv) as a result of a failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code, and (v) under corresponding or similar provisions of foreign laws or regulations,

 “Customer Database” means all customer databases, customer lists historical records of customers and any
other information collected with respect to customers of the Casino, including any information used in connection with marketing and promoting the Casino. 
 “Customer List” means a list of the names and key tendencies of customers listed on the Customer Database who have visited the Casino during the twenty-four (24) month period prior
to the Closing, which Customer List shall be in format and contain the information set forth on Exhibit E to the extent available in the Customer Database, and subject to receipt of consent from each customer to the transfer of such
information to the extent required by the Total Rewards Program or applicable Law. 
 “Encumbrances” means
claims, pledges, agreements, limitations on voting rights, charges or other encumbrances or restrictions on transfer of any nature. 

  
 70 

 “Environment” means ambient air, vapors, surface water, groundwater,
wetlands, drinking water supply, land surface, or subsurface strata and biota. 
 “Environmental Condition”
means, as relating exclusively to the Purchased Assets, the release into the Environment and/or presence in the Environment of any Hazardous Substance as a result of which the Company (i) has or may become liable to any Person for an
Environmental Liability, (ii) is or was in violation of any Environmental Law, (iii) has or may be required to incur response costs for compliance, investigation or remediation, or (iv) by reason of which the Real Property or other
assets of the Company, may be subject to any Lien under Environmental Laws; provided, however, that none of the foregoing shall be an Environmental Condition if such matter was fully remediated or otherwise fully corrected prior to the
date hereof in accordance with Environmental Law and to the satisfaction of the applicable Governmental Entity. 

“Environmental Laws” means all applicable and legally enforceable federal, state and local statutes or laws, common law,
judgments, orders, regulations, licenses, permits, enforceable guidance and policies, rules and ordinances relating to Hazardous Substances, pollution, restoration or protection of health, safety or the environment, including, but not limited to the
Federal Water Pollution Control Act (33 U.S.C. §1251 et seq.), Resource Conservation and Recovery Act (42 U.S.C. §6901 et seq.), Safe Drinking Water Act (42 U.S.C. §3000(f) et seq.), Toxic Substances Control Act
(15 U.S.C. §2601 et seq.), Clean Air Act (42 U.S.C. §7401 et seq.), Comprehensive Environmental Response, Compensation and Liability Act (42 U.S.C. §9601 et seq.) and other similar state and local statutes, in
effect as of the date hereof, including any judicial or administrative interpretation thereof. 
 “Environmental
Liabilities” means all Liabilities (including all reasonable fees, disbursements and expenses of counsel, expert and consulting fees and costs of investigations and feasibility studies and responding to government requests for information
or documents), fines, penalties, restitution and monetary sanctions, interest, direct or indirect, known or unknown, absolute or contingent, past, present or future, resulting from any claim or demand, by any Person or entity, under Environmental
Law and relating exclusively to the Company’s Purchased Assets or the generation and disposal of wastes or other materials relating to the Business. 
 “ERISA Affiliate” means any trade or business, whether or not incorporated, that together with the Company would be deemed a “single employer” within the meaning of
Section 4001(b) of ERISA or Section 414 of the Code. 
 “Estimated Closing Net Working Capital” means
the Company’s good faith estimate of the Net Working Capital of the Business as of the Closing. 
 “Estimated
Closing Net Working Capital Overage” means the amount, if any, by which the Estimated Closing Net Working Capital is greater than the Target Net Working Capital. 
 “Estimated Closing Net Working Capital Shortage” means the amount, if any, by which the Estimated Closing Net Working Capital is less than the Target Net Working Capital. 

  
 71 

 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated thereunder. 
 “Excluded Contracts” means all Contracts listed in
Section 14.1(a) of the Company Disclosure Letter. 
 “Excluded Personal Property” means the following:

 (i) any Personal Property covered by the equipment leases from Affiliates of the Company or other agreements by which
property owned by Affiliates of the Company is located at the Real Property and used in connection with the Business, all of which equipment leases and other agreements are set forth on Section 14.1(b) of the Company Disclosure Letter;

 (ii) all point of sale credit card verification terminals or imprint plates owned by third parties; 

(iii) any and all signs, menus, stationery, gift shop inventory or other items indicating that the Real Property is owned and/or operated
by or on behalf of the Company or its Affiliates or bearing the System Mark of the Company or its Affiliates; 
 (iv) any gaming
licenses, liquor licenses or other licenses or permits pertaining to the Real Property not indirectly transferable to Buyer, in the sale of the Equity Interests, by Law; and 
 (v) any personal property held as prizes. 
 “Excluded Software”
means all computer software owned by or licensed for use by the Company or its Affiliates, including all source codes, object codes and data bases, whether on tape, disc or other computerized format, and all related user manuals, computer records,
service codes, programs and stored materials (including all access codes and instructions needed to obtain access to and to utilize the information contained on such computer records), together with any and all updates and modifications of all of
the foregoing and all copyrights related to the foregoing, including the Customer Database and any customer tracking system. 

“Excluded Taxes” means, without duplication, all (i) Taxes (for the avoidance of doubt, other than Transfer Taxes
that are governed by Section 9.9(a)) imposed on or payable by or with respect to the Company, or for which it is liable, for any Pre-Closing Period; (ii) Taxes relating to the Excluded Assets or the Excluded Liabilities (including, for the
avoidance of doubt, any Taxes resulting from or arising out of any actions or transactions pursuant to Section 1.4(a) (but not to the extent such Taxes have reduced the amounts payable to Sellers pursuant to Section 1.4(a)) or (b) or
Section 1.5 relating to any Excluded Assets or Excluded Liabilities); (iii) Liabilities of the Company pursuant to any Tax sharing, allocation or indemnification agreement entered into before the Closing to indemnify any other Person in
respect of or relating to Taxes of such other Person to the extent such Liabilities (A) relate to a Pre-Closing Period or (B) otherwise accrue, arise out of, or relate to events, occurrences, pending or threatened litigation, acts,
omissions and claims happening or existing prior to the Closing; (iv) Taxes relating to a Pre-Closing Period for which the Company is liable (or that may be collected from the Company 

  
 72 

 
by way of offset against a refund of Tax otherwise due to the Company) under Treasury Regulation Section 1.1502-6 (or any similar provision of state, local or foreign Law) or as a successor
or transferee; and (v) Taxes of Sellers and their Affiliates (other than the Company) for any period (for the avoidance of doubt, other than Transfer Taxes that are governed by Section 9.9(a)). 

“FCC” means the Federal Communications Commission. 

“FCC Licenses” means the licenses to operate a base station or two way security radios at the Casino as described in
Section 14.1(c) of the Company Disclosure Letter. 
 “Final Closing Net Working Capital” means the Net
Working Capital of the Business as of the Closing as set forth in the Final Closing Statement. 
 “Final Closing Net
Working Capital Overage” means the amount, if any, by which the Final Closing Net Working Capital is greater than the Target Net Working Capital. 
 “Final Closing Net Working Capital Shortage” means the amount, if any, by which the Final Closing Net Working Capital is less than the Target Net Working Capital. 

“Fixtures” means all fixtures owned or leased by the Company and placed on, attached to, or located at the Real
Property. 
 “Front Money” means all money stored on deposit in the Casino cage belonging to, and stored in an
account for, any Person who is not the Company or an Affiliate of the Company. 
 “GAAP” means generally
accepted accounting principles in the United States. 
 “Gaming Approvals” means all licenses, permits,
approvals, authorizations, registrations, findings of suitability, franchises, entitlements, waivers and exemptions issued by any Gaming Authority or required by any Gaming Law necessary for or relating to the conduct of activities by any party
hereto or any of its Affiliates and the transactions contemplated hereby, including the ownership, operation, management and development of the Business, the Purchased Assets and Assumed Liabilities; specifically including a resolution by the
Missouri Gaming Commission granting the Petition for Change in Control of the Company from Sellers to Buyer as contemplated by and upon the terms set forth in this Agreement. 
 “Gaming Authorities” means any Governmental Entity with regulatory control or jurisdiction over the conduct of lawful gaming or gambling in any jurisdiction and within the State of
Missouri, specifically the Missouri Gaming Commission. 
 “Gaming Laws” means any federal, state, local or
foreign statute, ordinance (including zoning), rule, regulation, permit (including land use), consent, registration, finding of suitability, approval, license, judgment, order, decree, injunction or other authorization, including any condition or
limitation placed thereon, governing or relating to the current or contemplated casino and gaming activities and operations and manufacturing and distributing operations of the Purchased Assets, the Business or the Company. 

  
 73 

 “Gift Certificate” means any certificate, coupon, voucher or other writing
which entitles the holder or bearer to a credit (whether in a specified dollar amount or for a specified item, such as a room night or meal) to be applied against the usual charge for rooms, meals and/or other goods or services at the Casino; but
shall not include complimentary rooms (or room rates below average rack rates) granted to convention and other meeting groups in the Ordinary Course of Business. 
 “Harrah’s Branded Paraphernalia” means all personal property of the Company including chips, tokens, cards, dice, promotional coupons and tickets, marketing items, and office
supplies, which include the trade names, trade dress, logos and general marketing style associated with Parent, Sellers or their respective Affiliates, and their controlled casino operations, including Harrah’s, Caesars Entertainment,
Harrah’s St. Louis and Harrah’s Maryland Heights. 
 “Hazardous Substance” means any pollutant,
chemical, substance and any toxic, infectious, carcinogenic, reactive, corrosive, ignitable or flammable chemical, or chemical compound, or hazardous substance, material or waste, whether solid, liquid or gas, that is subject to regulation, control
or remediation under applicable Environmental Laws, or that otherwise results in any Environmental Liability, including any quantity of friable asbestos, urea formaldehyde foam insulation, PCBs, crude oil or any fraction thereof, all forms of
natural gas, petroleum products or by-products or derivatives. 
 “House Funds” means all cash and cash
equivalents located at the Casino, including cash, negotiable instruments, and other cash equivalents located in cages, drop boxes, slot machines and other gaming devices, cash on hand for the Casino manager’s petty cash fund and cashiers’
banks, coins and slot hoppers, carousels, slot vault and poker bank and cash in the registration, retail, restaurant and other non-gaming areas of the Real Property (including in vending machines, postage meters, pay phones, laundry machines and
other cash-operated equipment), and all checks, travelers’ checks, and bank drafts paid by guests of the Casino, but shall not include Front Money, which shall be treated in accordance with Section 9.11(d) hereof or the Tray Ledger, which
shall be treated in accordance with Section 4.2(a) hereof. 
 “Intellectual Property” means all
intellectual property or other proprietary rights of every kind, foreign or domestic, including all patents, patent applications, inventions (whether or not patentable), processes, technologies, discoveries, apparatus, know-how, trade secrets,
trademarks, trademark registrations and applications, domain names, trade dress, service marks, service mark registrations and applications, trade names, and all goodwill associated with the foregoing, copyright registrations, copyrightable and
copyrighted works, databases, software, rights of publicity, rights of privacy, moral rights, customer lists and confidential marketing and customer information. 
 “IRS” means the Internal Revenue Service, a division of the United States Treasury Department, or any successor thereto. 

“knowledge” means (i) when used in the phrase “Company’s knowledge” or “Sellers’
knowledge” and words of similar import, the actual knowledge of: Tim Lambert, Ryan Hammer, Matt Heiskell and Matt Anfinson and (ii) when used in the phrase “knowledge of Buyer” or “Buyer’s knowledge” and words of
similar import, the actual knowledge of: Carl Sottosanti, Frank Donaghue and Walter Bogumil. 

  
 74 

 “Law” means any foreign or domestic law, statute, code, ordinance, rule,
regulation, order, judgment, writ, stipulation, award, injunction, decree or arbitration award, policies, guidance, court decision, rule of common law or finding. 
 “Liabilities” means any direct or indirect liability, indebtedness, obligation, commitment, expense, claim, deficiency, guaranty or endorsement of or by any Person of any type, whether
accrued, absolute, contingent, matured, unmatured, liquidated, unliquidated, known or unknown. 
 “Liens” means
any mortgage, deed of trust, pledge, option, right of first refusal or first offer, conditional sale, lien, security interest, conditional or installment sale agreement, charge or other claims or rights of third parties of any kind. 

“Markers” means any amounts owed by any Person that is not an Affiliate of the Company to the Company related to the
Casino for gaming chips, tokens or similar cash equivalents used at the Real Property delivered to such Person on credit or otherwise. 
 “Net Working Capital” means the difference between (a) the current assets of the Business, including cash and cash equivalents (including House Funds), the value of inventory,
Accounts Receivable, Gift Certificates, and current prepaid expenses, to the extent benefiting the Business post-Closing and (b) the current liabilities of the Business, including accounts payable, all accrued expenses, all accrued Liabilities
with respect to the Transferred Employees, all Customer Deposits and all Progressive Liabilities, with each amount determined in accordance with GAAP applied on a basis consistent with the past practices of the Company and its Affiliates;
provided, that (x) if the Company has not made any Required Capital Expenditure required prior to the Closing Date pursuant to Section 9.1(p), then the Net Working Capital as of the Closing Date shall be deemed to be decreased by
the amount of each such shortfall, and (y) if the Company has made any Required Capital Expenditure prior to the Closing Date that is not required to be made pursuant to Section 9.1(p) until after the Closing Date, then the Net Working
Capital as of the Closing Date shall be deemed to be increased by the amount of each such early payment. For purposes of this Agreement, Net Working Capital shall exclude (i) the items set forth in Sections 4.2 and 4.6 hereof and (ii) any
Tax assets or Liabilities. 
 “New Sale Price” shall mean the aggregate consideration payable in connection
with the Company Sale that is the subject of the New Sale Agreement, taking into account any applicable purchase price adjustments. 
 “Ordinary Course of Business” shall describe any action taken by a Person if such action is consistent with such Person’s past practices and is taken in the ordinary course of such
Person’s normal day to day operations. 
 “Permitted Encumbrances” means any lien to secure payment of
real estate Taxes, including special assessments, which is a lien not yet due or payable, all matters disclosed by the Survey, zoning and subdivision ordinances (provided such ordinances are not currently violated or in anticipation of being
violated), terms and conditions of licenses, permits and approvals for the Real Property (which are disclosed on Section 7.11(a) of the Company Disclosure Letter) and Laws of any Governmental Entity having jurisdiction over the Real Property.

  
 75 

 “Permitted Liens” means, with respect to the Company (i) Liens or
Encumbrances for assessments and other governmental charges not delinquent or which are currently being contested in good faith by appropriate proceedings; (ii) Liens or Encumbrances for Taxes not yet due and payable or Taxes being contested in
good faith by appropriate proceedings; (iii) mechanics’ and materialmen’s Liens or Encumbrances not filed of record and similar charges not delinquent or which are filed of record but are being contested in good faith by appropriate
proceedings; (iv) Liens or Encumbrances in respect of judgments or awards with respect to which the Company shall in good faith currently be prosecuting an appeal or other proceeding for review and with respect to which the Company shall have
secured a stay of execution pending such appeal or such proceeding for review; (v) easements, leases, reservations or other rights of others in, or minor defects and irregularities in title to, property or assets of the Company; provided
that, such easements, leases, reservations, rights, defects or irregularities do not impair the use of the property or assets for the purposes for which they are held in any material manner; (vi) rights of tenants under operating leases and
hotel guests whose occupancy may be terminated on short notice; (vii) with respect to the Real Property, all exceptions described in the Title Policy (other than items 39-40 on Schedule B thereto), the Title Commitment (other than items 44-49
on Schedule B thereto) and the UCC Search (other than those set forth on Section 14.1(d) of the Company Disclosure Letter); (viii) any Assumed Liability; and (ix) any Lien or Encumbrance that will be released and discharged at or
prior to the Closing. 
 “Person” means an individual, corporation, limited liability company, partnership,
association, trust, unincorporated organization, other entity or “group” (as defined in Rule 13d-5(b)(1) under the Exchange Act). 
 “Personal Property” means all office, hotel, casino, barge, showroom, restaurant, bar, convention, meeting and other furniture, furnishings, fittings, appliances, equipment, equipment
manuals, slot machines, gaming tables and gaming paraphernalia (including parts or inventories thereof), passenger/delivery vehicles, computer hardware and IT hardware systems, reservations terminals, software, point of sale equipment, two-way
security radios and base station, machinery, spare parts, apparatus, appliances, draperies, art work, carpeting, keys, building materials, telephones and other communications equipment, televisions, maintenance equipment, tools, signs and signage,
office supplies, engineering, maintenance and cleaning supplies and other supplies of all kinds, stationery and printing, linens (sheets, towels, blankets, napkins), uniforms, silverware, glassware, chinaware, pots, pans and utensils, and food,
beverage, alcoholic beverage inventories, all articles of personal property now located on the Real Property for resale, whether owned or leased by the Company, and other tangible personal property that are used or held for use in the Business and
located at the Casino on the Closing Date. 
 “Petition for Change in Control” means a document filed with the
Missouri Gaming Commission in proper form to request approval of a “change in control” under 11 CSR 45-10.040(12) upon the terms and conditions set forth in this Agreement without the automatic nullification of the existing Class B License
held by the Company under the Gaming Laws that would occur absent such approval. 

  
 76 

 “Post-Closing Period” means any taxable period (including the portion of a
Straddle Period) beginning after the Closing Date. 
 “Pre-Closing Period” means any taxable period (including
the portion of a Straddle Period) ending on or before the Closing Date. 
 “Progressive Liabilities” means the
sum of (a) the face amounts of the progressive slot machine meters with an in house progressive jackpot feature (if such slot machines are not removed by the vendor at or before the Closing) and (b) the face amounts of the meters for the
table games with an in house progressive jackpot feature. 
 “Real Property” means the real property described
on Section 7.6(a) of the Company Disclosure Letter attached hereto, in each case together with the buildings located thereon and the barge located thereon, and all associated parking areas, Fixtures and all other improvements located thereon
(the buildings and such other improvements are referred to herein collectively as the (“Improvements”)); all references hereinafter made to the Real Property shall be deemed to include all rights, benefits, privileges, tenements,
hereditaments, covenants, conditions, restrictions, easements and other appurtenances on the Real Property or otherwise appertaining to or benefitting the Real Property and/or the Improvements situated thereon, including all mineral rights,
development rights, air and water rights, subsurface rights, vested rights entitling, or prospective rights which may entitle the owner of the Real Property to related easements, land use rights, air rights, viewshed rights, density credits, water,
sewer, electrical or other utility service, credits and/or rebates, strips and gores and any land lying in the bed of any street, road or alley, open or proposed, adjoining the Real Property, and all easements, rights-of-way and other appurtenances
used or connected with the beneficial use or enjoyment of the Real Property. 
 “Rebranding Plan” means the
plan for removing all Harrah’s Branded Paraphernalia from the operations of the Company as agreed upon between the parties and set forth on Schedule A attached hereto and incorporated herein. 

“Reserved Employees” means the employees of the Casino that are listed in Section 14.1(e) of the Company Disclosure
Letter. 
 “Rewards Information” means the portion of the Customer Database that includes the total points
accrued at the Casino by customers listed on the Customer List under the Total Rewards Program to the extent that Parent can obtain such information using its commercially reasonable efforts, and subject to receipt of consent from each customer to
the transfer of such information to the extent required by the Total Rewards Program or applicable Law. 
 “Room
Revenues” means all revenues from the rental of guest rooms at the Casino, together with any sales or other taxes thereon. 
 “Subsidiary” means, with respect to any party, any corporation or other organization, whether incorporated or unincorporated, of which (i) such party or any other Subsidiary of such

  
 77 

 
party is a general partner or managing member or (ii) at least 50% of the securities or other equity interests having by their terms voting power to elect a majority of the board of
directors or others performing similar functions with respect to such corporation or other organization that is, directly or indirectly, owned or controlled by such party or by any one or more of its Subsidiaries, or by such party and one or more of
its Subsidiaries. 
 “System Mark” means service marks, trademarks, trade names, fictitious business names,
slogans, color arrangements, designs, logos, Internet domain names and other similar indicia of source or origin now or hereafter used or owned by the Company or any of its Affiliates that is not used exclusively in the Business. 

“Target Net Working Capital” means $1,500,000. 
 “Taxes” means any and all taxes, charges, fees, levies, tariffs, duties, liabilities, impositions or other assessments in the nature of a tax (together with any and all interest,
penalties, additions to tax and additional amounts imposed with respect thereto) imposed by any Governmental Entity, including income, gross receipts, profits, gaming, live entertainment, excise, real or personal property, environmental, sales, use,
value-added, ad valorem, withholding, social security, retirement, employment, unemployment, workers’ compensation, occupation, service, license, net worth, capital stock, payroll, franchise, gains, stamp, transfer and recording taxes.

 “Tax Return” means any report, return (including any information return), claim for refund, election,
estimated Tax filing or payment, request for extension, document, declaration or other information or filing supplied or required to be supplied to any Governmental Entity with respect to Taxes, including attachments thereto and amendments thereof.

 “Title Commitment” means that certain title commitment number NCS-539000-3-MPLS issued by First American
Title Insurance Company, with an effective date of March 14, 2012. 
 “Title Insurer” means the title
company, if any, selected by Buyer to issue the Endorsement, if applicable. 
 “Title Policy” means that
certain policy of title insurance issued by the Chicago Title Insurance Company, dated February 6, 2008, for the benefit of the Company with respect to the Real Property. 

“Total Rewards Program” means the Total Rewards® player loyalty program of Parent and its Affiliates. 
 “Tray Ledger” means any accounts receivable of registered hotel guests who have not checked out and who are occupying hotel rooms at the Casino on the evening of the Closing Date,
including the related Room Revenues. 
 “WARN Act” means the Worker Adjustment and Retraining Notification Act
of 1988 and analogous state and local Law. 

  
 78 

 (b) The following are defined elsewhere in this Agreement, as indicated below: 

 

					
	 Terms
	  	 Cross Reference

in Agreement
	  	 
	AAA	  	Section 12.5(b)	  	
	Additional Amount	  	Section 11.2(c)	  	
	Additional Exceptions	  	Section 13.2(a)	  	
	Adjustment Date	  	Section 3.1	  	
	Agreement	  	Preamble	  	
	Assignment and Assumption Agreement	  	Section 5.2(b)	  	
	Assignment of Equity Interests	  	Section 5.2(g)	  	
	Assumed Liabilities	  	Section 2.1	  	
	Auditor	  	Section 3.3	  	
	Bill of Sale and Assignment	  	Section 5.2(a)	  	
	Buyer	  	Preamble	  	
	Buyer Benefit Plans	  	Section 9.4(d)	  	
	Buyer Disclosure Letter	  	Article VIII	  	
	Buyer Indemnified Parties	  	Section 12.2(a)	  	
	Buyer Indemnified Party	  	Section 12.2(a)	  	
	Buyer Permits	  	Section 8.6	  	
	Buyer Related Parties	  	Section 8.5	  	
	Buyers’ 125 Plan	  	Section 9.4(g)	  	
	Buyer’s 401(k) Plan	  	Section 9.4(f)	  	
	Buyer’s Medical Plans	  	Section 9.4(e)	  	
	Cap	  	Section 12.6(a)	  	
	CEOC	  	Preamble	  	
	Chips and Tokens	  	Section 2.1(i)	  	
	CLC	  	Section 7.7(a)	  	
	Closing	  	Section 5.1	  	
	Closing Date	  	Section 5.1	  	
	Closing Payment	  	Section 3.1	  	
	Commitment Letter	  	Section 8.4	  	
	Company	  	Preamble	  	
	Company’s 125 Plan	  	Section 9.4(g)	  	
	Company 401(k) Plan	  	Section 9.4(f)	  	
	Company Benefit Plans	  	Section 7.13(a)	  	
	Company Disclosure Letter	  	Article VII	  	
	Company Permits	  	Section 7.11(a)	  	
	Customer Deposits	  	Section 4.4(c)	  	
	Damages	  	Section 12.2(a)	  	
	Deductible	  	Section 12.6(a)	  	
	Defect Notice	  	Section 13.2(a)	  	
	Deposit	  	Section 3.2	  	
	Deposit Escrow Agreement	  	Section 3.2	  	

  
 79 

					
	 Terms
	  	 Cross Reference

in Agreement
	  	 
	Designated Buyer Representative	  	Section 9.2(a)	  	
	Determination Date	  	Section 4.3(c)	  	
	DOL	  	Section 7.13(c)	  	
	Effective Date	  	Preamble	  	
	Endorsement	  	Section 13.1	  	
	Environmental Authorizations	  	Section 7.10	  	
	Equity Interests	  	Recitals	  	
	ERISA	  	Section 7.13(a)	  	
	Escrow Agent	  	Section 3.2	  	
	Estimated Closing Payment	  	Section 4.1	  	
	Estimated Closing Statement	  	Section 4.1	  	
	Estimated Operations Payment	  	Section 4.2	  	
	Estimated Operations Statement	  	Section 4.2	  	
	Excluded Assets	  	Section 1.2	  	
	Excluded Liabilities	  	Section 2.2	  	
	Extension Deposit	  	Section 3.2	  	
	FCC Approvals	  	Section 9.14(a)	  	
	Final Closing Payment	  	Section 4.3(a)	  	
	Final Closing Statement	  	Section 4.3(a)	  	
	Final Operations Payment	  	Section 4.3(b)	  	
	Final Operations Statement	  	Section 4.3(b)	  	
	Final Statements	  	Section 4.3(c)	  	
	Financial Information	  	Section 7.3	  	
	Fundamental Representations	  	Section 12.1(b)	  	
	Governmental Approvals	  	Section 9.6(a)	  	
	Governmental Entity	  	Section 6.2(c)	  	
	Group Tax Returns	  	Section 12.9(b)(i)	  	
	HMHO	  	Preamble	  	
	HSR Act	  	Section 6.2(c)	  	
	Improvements	  	Section 14.1(a)	  	
	Indemnified Parties	  	Section 12.3	  	
	Indemnified Party	  	Section 12.3	  	
	Indemnifying Parties	  	Section 12.3	  	
	Indemnifying Party	  	Section 12.3	  	
	Inspection	  	Section 9.5(a)	  	
	Insurance Policies	  	Section 7.20	  	
	Inventoried Vehicles	  	Section 9.11(e)	  	
	Labor Agreement	  	Section 7.12(b)	  	
	Make-Whole Amount	  	Section 11.2(d)	  	
	Monetary Defects	  	Section 13.2(c)	  	
	Multiemployer Plan	  	Section 7.13(c)	  	
	Multiple Employer Plan	  	Section 7.13(c)	  	
	New Sale Agreement	  	Section 11.2(d)	  	

  
 80 

					
	 Terms
	  	 Cross Reference

in Agreement
	  	 
	Non-Assignable Excluded Asset	  	Section 1.4(c)	  	
	Non-Monetary Defect	  	Section 13.2(a)	  	
	Notice	  	Section 12.3	  	
	Notice Period	  	Section 13.2(a)	  	
	Objection Notice	  	Section 12.5(a)	  	
	Ordinary Course of Business	  	Section 14.1	  	
	Other Transferred Registered IP	  	Section 7.7(a)	  	
	Outside Date	  	Section 5.1	  	
	Owned Real Property	  	Section 7.6(a)	  	
	Payoff Letter	  	Section 9.20	  	
	PMHN	  	Preamble	  	
	Pre-Closing Separate Tax Returns	  	Section 12.9	  	
	Property Employees	  	Section 7.13(a)	  	
	Purchase Price	  	Section 3.1	  	
	Purchase Price Allocation	  	Section 3.3	  	
	Purchased Assets	  	Section 1.1	  	
	Reimbursement Accounts	  	Section 9.4(g)	  	
	Removal Period	  	Section 1.5	  	
	Representatives	  	Section 9.3	  	
	Required Capital Expenditures	  	Section 9.1(p)	  	
	Required Governmental Consents	  	Section 10.2(d)	  	
	Restricted Area	  	Section 9.19	  	
	Seller Indemnified Parties	  	Section 12.2(b)	  	
	Seller Indemnified Party	  	Section 12.2(b)	  	
	Sellers	  	Preamble	  	
	Sellers Disclosure Letter	  	Article VI	  	
	Straddle Period	  	Section 12.9(b)(ii)	  	
	Survey	  	Section 13.4	  	
	Survival Period	  	Section 12.1(b)	  	
	Tax Claim	  	Section 12.9(c)(ii)	  	
	Third Party	  	Section 9.3	  	
	Third Party Claim	  	Section 12.4(a)	  	
	Third Party Purchaser	  	Section 11.2(d)	  	
	Trademark Assignment Agreement	  	Section 5.2(f)	  	
	Transfer Taxes	  	Section 9.9(a)	  	
	Transferred Employees	  	Section 9.4(a)	  	
	Transferred Intellectual Property	  	Section 1.1(h)	  	
	Transferred Marks and Domain Names	  	Section 7.7(a)	  	
	Transition Plan	  	Section 9.11(g)	  	
	Transition Functions	  	Section 9.11(g)	  	
	UCC Search	  	Section 13.1	  	

  
 81 

 Section 14.2 Governing Law; Consent to Jurisdiction; Waiver of Trial by Jury.

 (a) This Agreement and the transactions contemplated hereby, and all disputes between the parties under or related to this
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 Missouri, applicable to contracts executed in and to be
performed entirely within the State of Missouri, without regard to the conflicts of laws principles thereof. 
 (b) Each of the
parties hereto hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United States Eastern District Court for the District of Missouri, and any appellate court thereof, in any action or
proceeding arising out of or relating to this Agreement or the agreements delivered in connection herewith or the transactions contemplated hereby or thereby or for recognition or enforcement of any judgment relating thereto, and each of the parties
hereby irrevocably and unconditionally (i) agrees not to commence any such action or proceeding except in such court, (ii) agrees that any claim in respect of any such action or proceeding may be heard and determined in such court,
(iii) waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any such action or proceeding in such court, (iv) waives, to the fullest extent permitted
by Law, the defense of an inconvenient forum to the maintenance of such action or proceeding in such court, and (v) to the extent such party is not otherwise subject to service of process in the State of Missouri, appoints Corporation Service
Company as such party’s agent in the State of Missouri for acceptance of legal process and agrees that service made on any such agent shall have the same legal force and effect as if served upon such party personally within such state. Each of
the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. Each party to this Agreement irrevocably
consents to service of process in the manner provided for notices in Section 14.3 hereof. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by Law. 

(c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS 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 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 AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 14.2(C). 

  
 82 

 Section 14.3 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), 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 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 Buyer, to 

 Penn National
Gaming, Inc. 
 825 Berkshire Boulevard 
 Suite 200 
 Wyomissing, Pennsylvania 19610 

with copies, which shall not constitute notice, to: 
 Wachtell, Lipton, Rosen & Katz 
 51 West 52nd Street 

New York, New York 10019 
 Attn: Daniel A. Neff 
 Facsimile: (212) 403-2000 

 

	 	(b)	if to Parent, Sellers, or the Company (prior to the Closing), to 

 Caesars Entertainment Corporation 
 One Caesars Palace Drive 

Las Vegas, Nevada 89109 
 Attention: General Counsel 
 Facsimile: (702) 407-6418 

with a copy to: 
 Latham & Watkins LLP 
 650 Town Center Drive 

20th Floor 

Costa Mesa, California 92626 
 Attention: Charles K. Ruck and Michael A. Treska 
 Facsimile: (714) 755-8290

 Section 14.4 Interpretation. When a reference is made in this Agreement to Sections, Exhibits or Schedules, such
reference shall be to a Section or Exhibit or Schedule of this Agreement unless otherwise indicated. All Exhibits and Schedules of this Agreement are incorporated herein by reference. The table of contents and headings contained in this Agreement
are for reference purposes only and shall not affect in any way the meaning or 

  
 83 

 
interpretation of this Agreement. Whenever the words “include,” “includes” or “including” are used in this Agreement they shall be deemed to be followed by the words
“without limitation.” The phrase “made available” in this Agreement shall mean that the information referred to has been made available if requested by the party to whom such information is to be made available. Buyer, Sellers
and the Company will be referred to herein individually as a “party” and collectively as “parties” (except where the context otherwise requires). 
 Section 14.5 Entire Agreement. This Agreement and all documents and instruments referred to herein constitute the entire agreement and supersede all prior agreements and understandings, both
written and oral, among the parties with respect to the subject matter hereof; provided that the Confidentiality Agreement shall remain in full force and effect after the Closing. Each party hereto agrees that, except for the representations
and warranties contained in this Agreement and the Company Disclosure Letter, neither Sellers, the Company, nor Buyer makes any other representations or warranties, and each hereby disclaims any other representations and warranties made by itself or
any of its respective Representatives or other representatives, with respect to the execution and delivery of this Agreement or the transactions contemplated hereby, notwithstanding the delivery or disclosure to any of them or their respective
representatives of any documentation or other information with respect to any one or more of the foregoing. 
 Section 14.6
Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or
incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner to the end that transactions contemplated hereby
are fulfilled to the extent possible. 
 Section 14.7 Assignment. Without the prior written consent of the other
party, neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by operation of Law (including by merger, consolidation or a change of control) or otherwise; provided, however, Buyer may assign
any of its rights in whole or in part to one or more of Buyer’s direct or indirect wholly owned Subsidiaries; provided, further that no such assignment shall relieve Buyer of any of its obligations hereunder. Any assignment in
violation of the preceding sentence shall be void and no assignment shall relieve the assigning party of any of its obligations hereunder. 
 Section 14.8 Parties of Interest. Except as set forth in ARTICLE XII hereof, this Agreement shall be binding upon and inure solely to the benefit of each party hereto and their respective
successors and assigns, and nothing in this Agreement, express or implied is intended to or shall confer upon any other Person any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 

  
 84 

 Section 14.9 Counterparts. This Agreement may be executed by facsimile or
electronic mail transmission and/or in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the
same agreement. 
 Section 14.10 Mutual Drafting. Each party hereto has participated in the drafting of this
Agreement, which each party acknowledges is the result of extensive negotiations between the parties. In the event that any ambiguity or question of intent arises, this Agreement shall be construed as if drafted jointly by the parties and no
presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 
 Section 14.11 Amendment. This Agreement may be amended by Buyer and Sellers. This Agreement may not be amended except by an instrument in writing signed on behalf of each of Buyer and Sellers.

 Section 14.12 Extension; Waiver. At any time prior to the Closing, Buyer, Sellers and the Company by action taken
or authorized by their respective boards of directors may, to the extent legally allowed (i) extend the time for or waive the performance of any of the obligations or other acts of the other parties hereto, (ii) waive any inaccuracies in
the representations and warranties contained herein or in any document delivered pursuant hereto and (iii) waive compliance with any of the agreements or conditions contained here. Any agreement on the part of a party hereto to any such
extension or waiver shall be valid only if set forth in a written instrument signed on behalf of such party. 

Section 14.13 Time of Essence. Time is of the essence with respect to this Agreement and all terms, provisions, covenants and
conditions hereof. 
 [SIGNATURE PAGE FOLLOWS] 

  
 85 

 IN WITNESS WHEREOF, the undersigned have caused this Agreement to be signed by their
respective duly authorized officers as of the date first written above. 

 

			
	BUYER
	
	 Penn National Gaming, Inc.,

a Pennsylvania corporation

		
	By:	 	 /s/ Robert S. Ippolito

	Name:	 	 Robert S. Ippolito

	Its:	 	 VP/Secretary/Treasurer

	
	THE COMPANY
	
	 Harrah’s Maryland Heights, LLC,

a Delaware limited liability company

		
	By:	 	 /s/ Jonathan S. Halkyard

	Name:	 	 Jonathan S. Halkyard

	Its:	 	 Authorized Representative

	
	PARENT
	
	 Caesars Entertainment Corporation,

a Delaware corporation

		
	By:	 	 /s/ Jonathan S. Halkyard

	Name:	 	 Jonathan S. Halkyard

	Its:	 	 EVP and Chief Financial Officer

 

			
	SELLERS
	
	 Caesars Entertainment Operating Company, Inc.,
 a Delaware corporation

		
	By:	 	 /s/ Jonathan S. Halkyard

	Name:	 	 Jonathan S. Halkyard

	Its:	 	 EVP and Chief Financial Officer

	
	 Harrah’s Maryland Heights Operating Co.,
 a Nevada corporation

		
	By:	 	 /s/ Jonathan S. Halkyard

	Name:	 	 Jonathan S. Halkyard

	Its:	 	 SVP and Treasurer

	
	 Players Maryland Heights Nevada, LLC,
 a Nevada limited liability company

	    By: Players Holding, LLC, Member
	          By: Players International, LLC, Member
		 	 By: Caesars Entertainment Operating
 Company, Inc., Member

		
	By:	 	 /s/ Jonathan S. Halkyard

	Name:	 	 Jonathan S. Halkyard

	Its:	 	 EVP and Chief Financial Officer

 
 

  
 Signature
Page to Equity Interest Purchase Agreement 

 EXHIBIT A 
 FORM OF BILL OF SALE AND ASSIGNMENT 
 This Bill of Sale and Assignment
(this “Bill of Sale”) is made as of [—], 2012, by and among Caesars Entertainment Operating Company, Inc., a Delaware corporation (“CEOC”), Harrah’s Maryland
Heights Operating Company, a Nevada corporation (“HMHO”), Players Maryland Heights Nevada, LLC, a Nevada limited liability company (“PMHN”, together with CEOC and HMHO, “Sellers”), and Harrah’s
Maryland Heights, LLC, a Delaware limited liability company (the “Company”). 
 WHEREAS, pursuant to that
certain Equity Interest Purchase Agreement, dated May 7, 2012, by and among Penn National Gaming, Inc., a Pennsylvania corporation (“Buyer”), Caesars Entertainment Corporation, a Delaware corporation, Sellers and the Company
(the “Purchase Agreement”), Sellers have agreed to sell to Buyer all of Sellers’ right, title and interest in and to the issued and outstanding Equity Interests on the terms and subject to the conditions set forth in the
Purchase Agreement; 
 WHEREAS, the Purchase Agreement provides that, immediately prior to the Closing, the Company shall assign
to Sellers (or their designee), and Sellers (or their designee) shall obtain from the Company, all right, title and interest in and to the Excluded Assets; and 
 WHEREAS, the execution and delivery of this Bill of Sale is required by Section 5.2(a) of the Purchase Agreement. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Bill of Sale hereby agree as follows: 

 

	1.	Definitions. Each capitalized term used but not defined in this Bill of Sale shall have the meaning ascribed to it in the Purchase Agreement.

  

	2.	Transfer of Assets. Effective as of immediately prior to the Closing, but conditioned upon consummation of the Closing, on the terms and subject to the
conditions of the Purchase Agreement, the Company hereby transfers, conveys, assigns and delivers to CEOC, and CEOC hereby accepts from the Company, all of the Company’s right, title and interest in and to the Excluded Assets.

  

	3.	Governance. This Bill of Sale is intended to evidence the conveyance, transfer, assignment and delivery to CEOC of the Excluded Assets effective as of
immediately prior to the Closing (but conditioned upon consummation of the Closing). 

  

	4.	Counterparts. This Bill of Sale may be executed and delivered in two or more counterparts via facsimile transmission or via email with scan or email attachment.
Any such counterpart executed and delivered via facsimile transmission or via email with scan or email attachment will be deemed an original for all intents and purposes, and all such counterparts shall together constitute one and the same
instrument. 

  

	5.	Successors and Assigns. This Bill of Sale shall bind and inure to the benefit of the respective parties and their successors and assigns. This Bill of Sale is
for the sole benefit of the parties hereto and their successors and assigns, and nothing herein expressed or implied shall give or be construed to give to any Person, other than the parties hereto and such successors or assigns, any legal or
equitable rights hereunder. 

	6.	Entire Understanding; Amendments. This Bill of Sale, the Purchase Agreement and the Ancillary Agreements, together with the exhibits and schedules thereto,
constitute the entire agreement between the parties hereto and supersede any prior understandings, agreements or representations by or between such parties, written or oral, that may have related in any way to the subject matter hereof. Nothing in
this Bill of Sale shall be construed to be a modification of, or limitation on, any provision of the Purchase Agreement, including the representations, warranties and agreements set forth therein. In the event of a conflict between this Bill of Sale
and the Purchase Agreement, the parties hereto agree that the Purchase Agreement shall control. Nothing in this Bill of Sale shall be construed as creating any third party beneficiary rights in any Person. This Bill of Sale shall not be amended or
modified except in a written document signed by all parties hereto. 

  

	7.	Governing Law. This Bill of Sale (and any claim or controversy arising out of or relating to this Bill of Sale) shall be governed by and construed in accordance
with the Laws of the State of Missouri without regard to conflicts of laws principles thereof. 

  

	8.	Section Headings; References. Section headings in this Bill of Sale are for convenience of reference only, and shall neither constitute a part of this Bill of
Sale nor affect its interpretation. All words in this Bill of Sale shall be construed to be of such number and gender as the context requires or permits. 

  

	9.	Severability. If any term or other provision of this Bill of Sale is invalid, illegal or incapable of being enforced as a result of any rule of Law or public
policy, all other terms and other provisions of this Bill of Sale shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Bill of Sale is not affected in any manner
materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Bill of Sale so as to effect the original
intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated by this Bill of Sale and the Purchase Agreement are fulfilled to the greatest extent possible. 

[Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have executed this Bill of Sale and Assignment on the
date first written above. 
  

			
	THE COMPANY
	
	 Harrah’s Maryland Heights, LLC,
 a Delaware limited liability company

		
	By:	 	  

	Name:	 	  

	Its:	 	  

	
	SELLERS
	
	 Caesars Entertainment Operating Company, Inc.,
 a Delaware corporation

		
	By:	 	  

	Name:	 	  

	Its:	 	  

	
	 Harrah’s Maryland Heights Operating Company,
 a Nevada corporation

		
	By:	 	  

	Name:	 	  

	Its:	 	  

  

							
	Players Maryland Heights Nevada, LLC,
	a Nevada limited liability company
	     By:
	 	Players Holding, LLC, Member
		 	By:	 	Players International, LLC, Member
		 		 	By:	 	Caesars Entertainment Operating Company, Inc., Member
		
	By:	 	  

	Name:	 	  

	Its:	 	  

 [Signature Page to Bill of Sale and Assignment] 

 EXHIBIT B 
 FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT 
 This Assignment and
Assumption Agreement (this “Assignment”) is made as of [—], 2012, by and among Caesars Entertainment Operating Company, Inc., a Delaware corporation (“CEOC”),
Harrah’s Maryland Heights Operating Company, a Nevada corporation (“HMHO”), Players Maryland Heights Nevada, LLC, a Nevada limited liability company (“PMHN”, together with CEOC and HMHO,
“Sellers”), and Harrah’s Maryland Heights, LLC, a Delaware limited liability company (the “Company”). 
 WHEREAS, pursuant to that certain Equity Interest Purchase Agreement, dated May 7, 2012, by and among Penn National Gaming, Inc., a Pennsylvania corporation (“Buyer”), Caesars
Entertainment Corporation, a Delaware corporation, Sellers and the Company (the “Purchase Agreement”), Sellers have agreed to sell to Buyer all of Sellers’ right, title and interest in and to the issued and outstanding Equity
Interests on the terms and subject to the conditions set forth in the Purchase Agreement; 
 WHEREAS, the Purchase Agreement
provides that immediately prior to the Closing, the Company shall assign to Sellers (or their designee), and Sellers (or their designee) shall assume and be responsible for the Excluded Liabilities; and 

WHEREAS, the execution and delivery of this Assignment is required by Section 5.2(b) of the Purchase Agreement. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this
Assignment hereby agree as follows: 
  

	1.	Definitions. Each capitalized term used but not defined in this Assignment shall have the meaning ascribed to it in the Purchase Agreement.

  

	2.	Assignment and Assumption. Effective as of immediately prior to the Closing, but conditioned upon consummation of the Closing, on the terms and subject to the
conditions of the Purchase Agreement, the Company hereby transfers, conveys, assigns and delivers to CEOC all of its rights, title and interest in and to the Excluded Contracts and the Excluded Liabilities and CEOC hereby assumes and accepts
responsibility for the Excluded Contracts and Excluded Liabilities. CEOC hereby agrees to discharge upon the terms and subject to the conditions set forth in the Purchase Agreement the Excluded Liabilities. 

 

	3.	Further Assurances. In furtherance of the foregoing, from time to time after the Closing, the parties hereto agree to do such things and promptly execute,
acknowledge, and deliver any such further assurances, documents and instruments of transfer or assignment, in each case that the other party may reasonably request for the purpose of carrying out the intent of this Assignment.

	4.	Governance. This Assignment is intended to evidence the assignment to and assumption by CEOC of the Excluded Contracts and the Excluded Liabilities effective as
of immediately prior to the Closing (but conditioned upon consummation of the Closing). 

  

	5.	Counterparts. This Assignment may be executed and delivered in two or more counterparts via facsimile transmission or via email with scan or email attachment.
Any such counterpart executed and delivered via facsimile transmission or via email with scan or email attachment will be deemed an original for all intents and purposes, and all such counterparts shall together constitute one and the same
instrument. 

  

	6.	Successors and Assigns. This Assignment shall bind and inure to the benefit of the respective parties and their successors and assigns. This Assignment is for
the sole benefit of the parties hereto and their successors and assigns, and nothing herein expressed or implied shall give or be construed to give to any Person, other than the parties hereto and such successors or assigns, any legal or equitable
rights hereunder. 

  

	7.	Entire Understanding; Amendments. This Assignment, the Purchase Agreement and the Ancillary Agreements, together with the exhibits and schedules thereto, state
the entire understanding between the parties with respect to the subject matter hereof and supersede all prior oral and written communications and agreements with respect to the subject matter hereof. Nothing in this Assignment shall be construed to
be a modification of, or limitation on, any provision of the Purchase Agreement, including the representations, warranties and agreements set forth therein. In the event of a conflict between this Assignment and the Purchase Agreement, the parties
agree that the Purchase Agreement shall control. This Assignment shall not be amended or modified except in a written document signed by all parties hereto. 

 

	8.	Governing Law; Jurisdiction. This Assignment (and any claim or controversy arising out of or relating to this Assignment) shall be governed by and construed in
accordance with the domestic Laws of the State of Missouri without regard to conflicts of laws principles thereof. 

  

	9.	Section Headings; References. Section headings in this Assignment are for convenience of reference only, and shall neither constitute a part of this Assignment
nor affect its interpretation. All words in this Assignment shall be construed to be of such number and gender as the context requires or permits. 

  

	10.	Severability. If any term or other provision of this Assignment is invalid, illegal or incapable of being enforced as a result of any rule of Law or public
policy, all other terms and other provisions of this Assignment shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Assignment is not affected in any manner
materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Assignment so as to effect the original
intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated by this Assignment and the Purchase Agreement are fulfilled to the greatest extent possible. 

 [Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have executed this Assignment and Assumption
Agreement on the date first written above. 
  

			
	THE COMPANY
	
	 Harrah’s Maryland Heights, LLC,
 a Delaware limited liability company

		
	By:	 	  

	Name:	 	  

	Its:	 	  

	
	SELLERS
	
	 Caesars Entertainment Operating Company, Inc.,
 a Delaware corporation

		
	By:	 	  

	Name:	 	  

	Its:	 	  

	
	 Harrah’s Maryland Heights Operating Company,
 a Nevada corporation

		
	By:	 	  

	Name:	 	  

	Its:	 	  

  

							
	Players Maryland Heights Nevada, LLC,
	a Nevada limited liability company
	     By:
	 	Players Holding, LLC, Member
		 	By:	 	Players International, LLC, Member
		 		 	By:	 	Caesars Entertainment Operating Company, Inc., Member
		
	By:	 	  

	Name:	 	  

	Its:	 	  

 [Signature Page to Assignment and Assumption Agreement] 

 EXHIBIT C 
 TRADEMARK ASSIGNMENT AGREEMENT 
 This Trademark Assignment Agreement (the
“Assignment”) is made and entered into as of [•], 2012, by and between Caesars License Company, LLC, a Nevada limited liability company (“Assignor”), an indirect wholly-owned subsidiary of Caesars Entertainment
Corporation, and Harrah’s Maryland Heights, LLC, a Delaware limited liability company (“Assignee”). Defined terms not specifically defined herein shall have the meanings ascribed to them in the Equity Interest Purchase
Agreement, dated as of May 7, 2012 (the “Purchase Agreement”), by and among Assignee, Penn National Gaming, Inc., a Pennsylvania corporation, and certain of Assignor’s affiliates (“Sellers”), namely
Caesars Entertainment Corporation, a Delaware corporation, Caesars Entertainment Operating Company, Inc., a Delaware corporation, Harrah’s Maryland Heights Operating Company, a Nevada corporation, and Players Maryland Heights Nevada, LLC, a
Nevada limited liability company. 
 WHEREAS, pursuant to the Purchase Agreement, Sellers have agreed to assign or cause to be
assigned to Assignee (or its designee) certain trademarks as listed on Exhibit A to this Assignment (the “Trademarks”); 
 WHEREAS, to effect the transfer of the Trademarks as contemplated in the Purchase Agreement, Assignor and Assignee desire to enter into this Assignment; and 

WHEREAS, the execution and delivery of this Assignment is required by Section 5.2(j) of the Purchase Agreement. 

NOW, THEREFORE, in consideration of the mutual promises of the parties, and for good and valuable consideration, the receipt, adequacy
and legal sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
 1. Definitions. Each
capitalized term used but not defined in this Assignment shall have the meaning ascribed to it in the Purchase Agreement. 
 2.
Assignment. Assignor does hereby sell, assign, transfer, convey and deliver to Assignee (or its designee), and Assignee does hereby accept, all of Assignor’s right, title, and interest in and to the Trademarks and any registrations or
applications for registration related thereto, and all common law rights and goodwill associated therewith, together with all rights to sue for past, present or future infringement or other violation and to collect all past, present and future
damages related thereto. Assignor further waives all claims it has to the Trademarks and agrees to cease all use of the Trademarks, as domain names, trade names, trademarks or service marks or otherwise, as of the Closing. Assignor hereby authorizes
and requests the Commissioner of Patents and Trademarks in the United States Patent and Trademark Office and the corresponding entities or agencies in any applicable state, to record Assignee as the assignee and owner of the Trademarks and to
deliver to Assignee, and to Assignee’s attorneys, agents, successors or assigns, all official documents and communications as may be warranted by this Assignment. 

  
 1 

 3. Conflicts. Notwithstanding any other provisions of this Assignment to the
contrary, Assignee acknowledges and agrees that the representations, warranties, covenants, agreements, conditions, indemnities, rights and remedies contained in the Purchase Agreement shall not be superseded, modified, replaced, amended, changed,
rescinded, or in any way affected hereby. This Assignment is subject to and controlled by the terms of the Purchase Agreement, and in the event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the
terms of the Purchase Agreement shall govern. 
 4. Further Actions. Assignor covenants and agrees, at the expense of
Assignee, to execute and deliver, at the request of Assignee (or its designee), such further instruments of transfer and assignment and to take such other actions as reasonably requested by Assignee (or its designee) to more effectively consummate
the assignments contemplated by this Assignment. 
 5. Successors and Assigns. This Assignment shall bind and inure to
the benefit of the respective parties hereto and their successors and assigns. This Assignment is for the sole benefit of the parties hereto and their successors and assigns, and nothing herein expressed or implied shall give or be construed to give
to any Person, other than the parties hereto and such successors or assigns, any legal or equitable rights hereunder. 
 6.
Governing Law. This Assignment shall be governed by and construed in accordance with the laws of the State of Missouri and the federal laws of the United States of America, without giving effect to principles of conflicts of laws that would
require the application of the laws of any other jurisdiction. 
 7. Notices. All notices and other communications
hereunder shall be in writing and shall be deemed to have been duly given when delivered in person, by telecopy with answer back, by express or overnight mail delivered by a nationally recognized air courier (delivery charges prepaid), by registered
or certified mail (postage prepaid, return receipt requested) or by e-mail with receipt confirmed by return e-mail to the respective parties as set forth below, or such other address as may be designated in writing hereafter, in the same manner, by
such party: 
 If to Assignor: 
 Caesars License Company 
 c/o Caesars Entertainment Corporation 

One Caesars Palace Drive 
 Las Vegas, Nevada 89109 
 Attention: General Counsel 

Facsimile: (702) 407-6418 
 with a copy (which shall not constitute notice) to: 
 Latham & Watkins
LLP 
 650 Town Center Drive, 20th Floor 
 Costa Mesa, California 92626 
 Facsimile No.: (714) 755-8290 

Attn: Charles K. Ruck and Michael A. Treska 

  
 2 

 If to Assignee: 
 Harrah’s Maryland Heights, LLC 
 c/o Caesars Entertainment Corporation

 One Caesars Palace Drive 
 Las Vegas, Nevada 89109 
 Attention: General Counsel 

Facsimile: (702) 407-6418 
 with a copy (which shall not constitute notice) to: 
 Wachtell, Lipton,
Rosen & Katz 
 51 West 52nd Street 
 New York, New York 10019 
 Attn: Daniel A. Neff 

Facsimile: (212) 403-2000 
 Any notice or communication delivered in person shall be deemed effective on delivery. Any notice or communication sent by e-mail, telecopy or by air courier shall be deemed effective on the first
business day following the day on which such notice or communication was sent. Any notice or communication sent by registered or certified mail shall be deemed effective on the third business day following the day on which such notice or
communication was mailed. 
 8. Amendment. Any term of this Assignment may be amended, modified, rescinded, canceled or
waived, in whole or in part, only by a written instrument signed by each of the parties’ authorized representatives or their respective permitted successors and assigns. Any amendment or waiver effected in accordance with this Section shall be
binding upon the parties and their respective successors and assigns. 
 9. Counterparts. This Assignment may be executed
in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement 

10. Severability. If any term or other provision of this Assignment is invalid, illegal or incapable of being enforced as a result
of any rule of Law or public policy, all other terms and other provisions of this Assignment shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Assignment is not
affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Assignment so as to
effect the original intent of the parties 

  
 3 

 
as closely as possible in an acceptable manner to the end that the transactions contemplated by this Assignment and the Purchase Agreement are fulfilled to the greatest extent possible.

 [SIGNATURE PAGE FOLLOWS] 

  
 4 

 IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be executed on the
date first written above. 
  

			
	ASSIGNOR
	  
 Caesars License Company, LLC,

a Nevada limited liability company

	 By: Caesars Entertainment Operating Company, Inc., its sole member

		
	By:	 	  

	Name:	 	  

	Its:	 	  

	  
 ASSIGNEE

	  
 Harrah’s Maryland Heights, LLC,

a Delaware limited liability company

		
	By:	 	  

	Name:	 	  

	Its:	 	  

  
 [Signature
Page to Trademark Assignment] 

 Exhibit A 
 Assigned Trademarks 
 U.S. Federal Registrations 

 

									
	 Mark
	  	Reg. No.	 	  	Reg. Date	 
	 Eat Up Buffet
	  	 	3455130	  	  	 	06/24/2008	  
	 Money in the Tank
	  	 	3604172	  	  	 	04/07/2009	  
	 Tuesday Night Supper Club
	  	 	3351322	  	  	 	12/11/2007	  

 Missouri State Registrations 

 

									
	 Mark
	  	Reg. No.	 	  	Reg. Date	 
	 Grill 21
	  	 	S017614	  	  	 	01/13/2004	  
	 iBonus
	  	 	S017208	  	  	 	01/24/2006	  

 Common Law 
 Club Aroma 
 Phat Tai 

 EXHIBIT D 
 ESCROW AGREEMENT 
 THIS ESCROW AGREEMENT (this
“Agreement”), dated as of May 7, 2012 (the “Effective Date”), by and among Penn National Gaming, Inc., a Pennsylvania corporation (“Buyer”), Caesars Entertainment Corporation, a Delaware
corporation (“Parent”, and together with Buyer, sometimes referred to individually as “Party” or collectively as the “Parties”) and Deutsche Bank National Trust Company (the “Escrow
Agent”). Capitalized terms used and not otherwise defined herein shall have the meanings ascribed thereto in the Purchase Agreement (defined below). 
 WHEREAS, pursuant to the Equity Interest Purchase Agreement (the “Purchase Agreement”), dated as of May 7, 2012, by and among Buyer, Parent, Caesars Entertainment Operating Company,
Inc., a Delaware corporation, Harrah’s Maryland Heights Operating Co., a Nevada corporation, Players Maryland Heights Nevada, LLC, a Nevada limited liability company, and Harrah’s Maryland Heights, LLC, a Delaware limited liability company
(the “Company”), Buyer will purchase all of the issued and outstanding membership interests of the Company, subject to the terms and conditions set forth therein; and 

WHEREAS, the Parties have agreed to deposit into escrow certain funds to be subject to the terms and conditions set forth this Agreement
and the Purchase Agreement. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged by each of the parties hereto, the parties hereto, intending to be legally bound, do hereby agree as follows: 

Section 1. Appointment of Escrow Agent. Parent and Buyer hereby appoint Deutsche Bank National Trust Company as escrow agent
in accordance with the terms and conditions set forth herein, and the Escrow Agent hereby accepts such appointment. 

Section 2. Deposit into the Escrow Property. Buyer, simultaneously with the execution and delivery of this Agreement, has
caused to be deposited with the Escrow Agent the sum of nine million one-hundred fifty thousand dollars ($9,150,000) in immediately available funds (the “Escrow Deposit”); provided, that, if the Outside Date is
extended in two-month increments pursuant to Section 5.1 of the Purchase Agreement, then pursuant to Section 3.2 of the Purchase Agreement, Buyer shall deposit an additional nine million one-hundred fifty thousand dollars ($9,150,000)
(each, an “Extension Deposit”); provided, however, in certain circumstances described in Section 5.1(b)(iii) of the Purchase Agreement, Buyer shall deposit twenty-three million three-hundred sixty-three thousand
dollars ($23,363,000) (each, an “Increased Extention Deposit”, the Increased Extension Deposit or Extenstion Deposit, as applicable, together with the Escrow Deposit, the “Escrow Funds”), in each case within three
(3) business days of each such two-month extension of the Outside Date with the Escrow Agent, which Escrow Funds shall be held by the Escrow Agent upon the terms and conditions hereinafter set forth. The foregoing property and/or funds, plus
all interest, dividends and other distributions and payments thereon (collectively, the “Distributions”) received by the Escrow Agent, less any property and/or funds distributed or paid in accordance with this Escrow Agreement, are
collectively referred to herein as the “Escrow Property”. The Escrow Agent shall have no duty to solicit the Escrow Property. 
 Section 3. Investment of the Escrow Property. The Escrow Agent shall follow the joint written instructions signed by an Authorized Person of the Parties to this Agreement (each a
“Joint Instruction”) concerning any investment or reinvestment from time to time of the Escrow Property; provided, that, in the absence of a Joint Instruction, the Escrow Property shall remain uninvested. The Escrow
Agent shall invest and reinvest the Escrow Property, upon the joint written instructions received 

  
 For internal
use only 

 
from the Parties to this Agreement, in any combination of the following: (a) Money Market Mutual Funds registered under the Investment Act of 1940; and (b) time deposits. The
Escrow Agent shall have the right to liquidate any investments held in order to provide funds necessary to make required payments under this Agreement. 
 The Escrow Agent shall have no obligation to invest or reinvest the Escrow Property if deposited with the Escrow Agent after 11:00 a.m. (E.D.T.) on such day of deposit. Instructions received after 11:00
a.m. (E.D.T.) will be treated as if received on the following business day. The Escrow Agent shall have no responsibility for any investment losses resulting from the investment, reinvestment or liquidation of the Escrow Property. Any interest or
other income received on such investment and reinvestment of the Escrow Property shall become part of the Escrow Property and any losses incurred on such investment and reinvestment of the Escrow Property shall be debited against the Escrow
Property. Notwithstanding the foregoing, the Escrow Agent shall have the power to sell or liquidate the foregoing investments whenever the Escrow Agent shall be required to release all or any portion of the Escrow Property pursuant to Section 4
hereof. In no event shall the Escrow Agent be deemed an investment manager or adviser in respect of any selection of investments hereunder. 
 Section 4. Distribution of Escrow Property. 
 (a) The Escrow Agent
shall hold the Escrow Property in its possession until instructed hereunder to deliver the Escrow Property or any specified portion thereof in accordance with a Joint Instruction. If the Escrow Property is disbursed in accordance with a court order,
the Parties shall jointly represent to the Escrow Agent that such court order is final and non-appealable. 
 (b) At the
Closing, the Escrow Property shall be credited against the Purchase Price and the Parties shall instruct the Escrow Agent to promptly release and distribute the Escrow Property to Parent (or its designee); 

(c) Upon the termination of the Purchase Agreement, if the Purchase Agreement is terminated pursuant to Section 11.1(e) and
(g) thereof, the Escrow Property shall be distributed to Buyer; provided, however, if the Purchase Agreement is terminated for any reason other than pursuant to Section 11.1(e) and (g) thereof, the Escrow Property shall
be distributed to Parent (or its designee). 
 Section 5. Termination. This Escrow Agreement shall terminate upon
the distribution of all Escrow Property from the account established hereunder. The provisions of Sections 6, 8 and 9 shall survive the termination of this Escrow Agreement and the earlier resignation or removal of the Escrow Agent. 

Section 6. Compensation of Escrow Agent. The Escrow Agent shall be entitled to a payment from Buyer of $2,500 for performance
of its duties and responsibilities under this Agreement, as more fully set forth in the fee agreement attached as Exhibit “A” hereto, and said sum will be paid simultaneously with the execution and delivery of this Agreement. Parent and
Buyer shall reimburse the Escrow Agent on demand for all customary fees and expenses and costs resulting from loss, liability, damage, disbursements, advances or expenses paid or incurred by it, which are paid or incurred after the Effective Date
and directly in the administration of its duties hereunder, including, but not limited to, counsel, advisors’ and agents’ fees and disbursements and all taxes or other governmental charges (collectively, “Costs”);
provided, that, if Escrow Agent is aware that the Costs in the aggregate will exceed the sum of $10,000, that Escrow Agent will notify Parent and Buyer in writing of the nature and total of the anticipated aggregate Costs,
provided, however, that failure to give such notice shall not absolve Parent or Buyer of any responsibility each has under this paragraph. At all times, the Escrow 

  
 2 

For internal use only 

 
Agent will have a right of set off and first lien on the funds in the Escrow Property for payment of the Costs. The obligations contained in this Section 6 shall be joint and several
obligations of Parent and Buyer, and shall survive the termination of this Escrow Agreement and the resignation or removal of the Escrow Agent. If any Costs incurred by, or any obligations owed to, the Escrow Agent or any fees owed to its counsel
hereunder are not promptly paid when due, the Escrow Agent may reimburse itself therefor from the Escrow Property and may sell, liquidate, convey or otherwise dispose of any investment in respect of the Escrow Property for such purpose. 

Section 7. Resignation of Escrow Agent. The Escrow Agent may resign and be discharged from its duties hereunder at any time
by giving thirty (30) calendar days’ prior written notice of such resignation to Parent and Buyer. Parent and Buyer may jointly remove the Escrow Agent or any successor escrow agent at any time by giving thirty (30) calendar
days’ prior written notice to the Escrow Agent or successor escrow agent, as the case may be. Upon such notice, a successor escrow agent shall be appointed by Parent and Buyer, who shall provide written notice of such to the resigning Escrow
Agent. Such successor escrow agent shall become the escrow agent hereunder upon the resignation or removal date specified in such notice. If Parent and Buyer are unable to agree upon a successor escrow agent within thirty (30) days after a
decision to remove the Escrow Agent or a resignation by the Escrow Agent, the Escrow Agent may apply to a court of competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief. The customary costs and
expenses (including its attorneys’ fees and expenses) incurred by the Escrow Agent in connection with such proceeding shall be paid equally by Parent and Buyer. Upon receipt of the identity of the successor escrow agent, the Escrow Agent shall
either deliver the Escrow Property then held hereunder to the successor escrow agent, less the Escrow Agent’s fees, costs and expenses or other obligations owed to the Escrow Agent to be paid from any interest earned in respect of the Escrow
Property, or hold any interest earned in respect of the Escrow Property (or any portion thereof), pending distribution, until all such fees, costs and expenses or other obligations are paid. Upon its resignation and delivery of the Escrow Property
as set forth in this Section 7, the Escrow Agent shall be discharged of and from any and all further obligations arising in connection with the Escrow Property or this Agreement other than with respect to Sections 8 and 9 of this Agreement.

 Section 8. Indemnification of Escrow Agent. Except as otherwise provided in Section 9(o), Parent and Buyer
shall jointly and severally indemnify, defend and hold harmless the Escrow Agent and its officers, directors, employees, representatives and agents, from and against and reimburse the Escrow Agent for any and all claims, expenses, obligations,
liabilities, losses, damages, injuries (to person, property, or natural resources), penalties, stamp or other similar taxes, actions, suits, judgments, reasonable costs and expenses (including reasonable attorney’s fees and expenses) of
whatever kind or nature (“Losses”), demanded, asserted or claimed against the Escrow Agent directly or indirectly relating to, or arising from, claims against the Escrow Agent by reason of its participation in the transactions contemplated
hereby, including without limitation all reasonable costs required to be associated with claims for damages to persons or property, and reasonable attorneys’ and consultants’ fees and expenses and court costs except to the extent caused by
the Escrow Agent’s fraud, gross negligence or willful misconduct. As soon as practicable after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of any action, suit or proceeding, the Escrow Agent shall, if a
claim in respect thereof is to be made against any of the other parties hereto, notify such other parties in writing. Nothing in this Section 8 shall constitute a waiver of any claim which Parent, on the one hand, or Buyer, on the other hand,
may have against the other party for contributions arising from their joint obligation to hold the Escrow Agent harmless hereunder. The provisions of this Section 8 shall survive the termination of this Agreement or the earlier resignation or
removal of the Escrow Agent. 

  
 3 

For internal use only 

 Section 9. The Escrow Agent. 

(a) The duties, responsibilities and obligations of Escrow Agent shall be limited to those expressly set forth herein and no duties,
responsibilities or obligations shall be inferred or implied against the Escrow Agent. The Escrow Agent shall not be subject to, nor required to comply with, any other agreement to which the Parties are a party, even though reference thereto may be
made herein, or to comply with any direction or instruction (other than those contained herein or delivered in accordance with this Escrow Agreement) from the Parties or an entity acting on their behalf. The Escrow Agent shall not be required to
expend or risk any of its own funds or otherwise incur any liability, financial or otherwise, in the performance of any of its duties hereunder. 
 (b) If at any time the Escrow Agent is served with any judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process which in any way affects the Escrow
Property (including but not limited to orders of attachment or garnishment or other forms of levies or injunctions or stays relating to the transfer of the Escrow Property), the Escrow Agent is authorized to comply therewith in any manner it or
legal counsel of its own choosing deems appropriate, provided that the Escrow Agent acts in good faith and gives reasonable notice thereof to the Parties; and if the Escrow Agent complies with any such judicial or administrative order, judgment,
decree, writ or other form of judicial or administrative process, Escrow Agent shall not be liable to any of the parties hereto or to any other person or entity even though such order, judgment, decree, writ or process may be subsequently modified
or vacated or otherwise determined to have been without legal force or effect. 
 (c) The Escrow Agent shall not be liable for
any action taken or omitted or for any loss or injury resulting from its actions or its performance or lack of performance of its duties hereunder in the absence of fraud, gross negligence or willful misconduct on its part provided that such actions
or ommissions are in good faith and consistent with the terms of this Agreement. In the absence of fraud, gross negligence or willful misconduct, in no event shall the Escrow Agent be liable under this Agreement (i) for acting in accordance
with or conclusively relying upon any instruction, notice, demand, certificate or document from Parent and Buyer or any entity acting on behalf of the Parties, (ii) for any indirect, consequential, punitive or special damages, regardless of the
form of action and whether or not any such damages were foreseeable or contemplated, (iii) for the acts or omissions of its nominees, correspondents, designees, agents, subagents or subcustodians in the administration of the Escrow Agent’s
duties hereunder, (iv) for the investment or reinvestment of any cash held by it hereunder, in each case in good faith, in accordance with the terms hereof, including without limitation any liability for any delays in the investment or
reinvestment of the Escrow Property, or any loss of interest or income incident to any such delays, or (iv) for an amount in excess of the value of the Escrow Property, valued as of the date of deposit, but only to the extent of direct money
damages. 
 (d) Upon five (5) business day’s written notice to Parent and Buyer, the Escrow Agent may consult with
legal counsel of its own choosing, at the expense of Parent and Buyer, as to any matter relating to this Escrow Agreement and the Escrow Agent shall not incur any liability for taking any action, that is consistent with its duties, obligations or
responsibities hereunder, in good faith in accordance with any advice from such counsel. 
 (e) The Escrow Agent shall not incur
any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of the Escrow Agent (including but not limited to any act or provision of any present or future
law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication
facility). 

  
 4 

For internal use only 

 (f) The Escrow Agent shall be entitled to conclusively rely upon any order, judgment,
certification, demand, notice, instrument or other writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity or the service thereof. The Escrow
Agent may act in conclusive reliance upon any instrument or signature believed by it to be genuine and may assume that any person purporting to give receipt or advice to make any statement or execute any document in connection with the provisions
hereof has been duly authorized to do so. 
 (g) The Escrow Agent shall not be responsible in any respect for the form,
execution, validity, value or genuineness of documents or securities deposited hereunder, or for any description therein, or for the identity, authority or rights of persons executing or delivering or purporting to execute or deliver any such
document, security or endorsement. The Escrow Agent shall not be called upon to advise any party as to the wisdom in selling or retaining or taking or refraining from any action with respect to any securities or other property deposited hereunder.

 (h) The Escrow Agent shall not be under any duty to give the Escrow Property held by it hereunder any greater degree of care
than it gives its own similar property and shall not be required to invest any funds held hereunder except as directed in this Escrow Agreement. Uninvested funds held hereunder shall not earn or accrue interest. 

(i) At any time, the Escrow Agent may request an instruction in writing in English from Parent and Buyer and may, at its own option,
include in such request the course of action it proposes to take and the date on which it proposes to act, regarding any matter arising in connection with its duties and obligations hereunder. The Escrow Agent shall not be liable for acting in
accordance with such a proposal on or after the date specified therein, provided that the specified date shall be at least five (5) business days after Parent and Buyer receive the Escrow Agent’s request for instructions and its proposed
course of action, and provided further that, prior to so acting, the Escrow Agent has not received the written instructions requested. 
 (j) When the Escrow Agent acts on any information, instructions, communications, (including, but not limited to, communications with respect to the delivery of securities or the wire transfer of funds)
sent by both Parent and Buyer by means of telex, facsimile, email or other form of electronic or data transmission, the Escrow Agent, absent fraud, willful misconduct or gross negligence, shall not be responsible or liable in the event such
communication is not an authorized or authentic communication of the Parties or is not in the form Parent and Buyer sent or intended to send (whether due to fraud, distortion or otherwise). Parent and Buyer shall indemnify the Escrow Agent against
any loss, liability, claim or customary expense (including legal fees and expenses) it may incur with its acting in accordance with any such communication. 
 (k) In the event of any ambiguity or uncertainty hereunder or in any notice, instruction or other communication received by the Escrow Agent hereunder, the Escrow Agent may, after providing notice to
Parent and Buyer, in its reasonable discretion, refrain from taking any action other than to retain possession of the Escrow Property, unless the Escrow Agent receives written instructions, signed by Parent and Buyer, which eliminates such ambiguity
or uncertainty. 
 (l) In the event of any dispute between or conflicting claims among Parent and Buyer and any other person or
entity with respect to any Escrow Property, the Escrow Agent shall be entitled, in its reasonable discretion, to refuse to comply with any and all claims, demands or instructions with respect to such Escrow Property so long as such dispute or
conflict shall continue, and the Escrow Agent shall not be or become liable in any way to Parent or Buyer for failure or refusal to comply with 

  
 5 

For internal use only 

 
such conflicting claims, demands or instructions. The Escrow Agent shall be entitled to refuse to act until, in its reasonable discretion, either (i) such conflicting or adverse claims or
demands shall have been determined by a final order, judgment or decree of a court of competent jurisdiction, which order, judgment or decree is not subject to appeal, or settled by agreement between the conflicting parties as evidenced in a writing
satisfactory to the Escrow Agent or (ii) the Escrow Agent shall have received security or an indemnity satisfactory to it sufficient to hold it harmless from and against any and all losses which it may incur by reason of so acting. Any court
order, judgment or decree shall be accompanied by a legal opinion by counsel for the presenting party, satisfactory to the Escrow Agent, to the effect that said order, judgment or decree represents a final adjudication of the rights of the parties
by a court of competent jurisdiction, and that the time for appeal from such order, judgment or decree has expired without an appeal having been filed with such court. The Escrow Agent shall act on such court order and legal opinions without further
question. The Escrow Agent may, in addition, elect, in its sole discretion, to commence an interpleader action or seek other judicial relief or orders as it may deem, in its reasonable discretion, necessary. The customary costs and expenses
(including reasonable attorneys’ fees and expenses) incurred in connection with such proceeding shall be paid by, and shall be deemed a joint and several obligation of, the Parent and Buyer. 

(m) The Escrow Agent shall have no responsibility for the contents of any writing of the arbitrators or any third party contemplated
herein as a means to resolve disputes and may conclusively rely without any liability upon the contents thereof. 
 (n) The
Escrow Agent does not have any interest in the Escrow Property deposited hereunder but is serving as escrow holder only and having only possession thereof. Buyer shall pay or reimburse the Escrow Agent upon request for any transfer taxes or other
taxes relating to the Escrow Property incurred in connection herewith and shall indemnify and hold harmless the Escrow Agent from any amounts that it is obligated to pay in the way of such taxes. Parent and Buyer will each provide the Escrow Agent
with a properly completed Internal Revenue Service (“IRS”) form W-9 for tax identification number certification, or IRS form W-8 for foreign person certification. If such tax reporting documentation is not provided to the Escrow Agent, the
Escrow Agent may be required to withhold a portion of any interest or other income earned on the investment of the Escrow Property. This paragraph shall survive notwithstanding any termination of this Escrow Agreement or the resignation or removal
of the Escrow Agent. 
 (o) If requested by Parent or Buyer, the Escrow Agent shall provide to such party monthly statements
identifying the holdings of Escrow Property. 
 Section 10. Miscellaneous. (a) This Agreement embodies the
entire agreement and understanding among the parties relating to the subject matter hereof and it shall stand as the final agreement unless all parties to this Agreement agree, in writing, to revise or supplement the terms of this Agreement.

 (b) This Agreement shall be governed by and construed in accordance with the laws of the State of California without
reference to the principles of conflict of laws. 
 (c) Each of the parties hereto hereby irrevocably consents to the
jurisdiction of the courts of the State of California and of any Federal Court located in the in such State in connection with any action, suit or other proceeding arising out of or relating to this Agreement or any action taken or omitted
hereunder, and waives any claim of forum non conveniens and any objections as to laying of venue. Each party further waives personal service of any summons, complaint or other process and agrees that service thereof may be made by certified or
registered mail directed to such person at such person’s address for purposes of notices hereunder. 

  
 6 

For internal use only 

 (d) All notices and other communications under this Agreement shall be in writing in
English and shall be deemed given when delivered personally, on the next business day after delivery to a recognized overnight courier or mailed first class (postage prepaid) or when sent by facsimile to the parties (which facsimile copy shall be
followed, in the case of notices or other communications sent to the Escrow Agent, by delivery of the original) at the following addresses (or to such other address as a party may have specified by notice given to the other parties pursuant to this
provision): 
 If to Buyer, to 
 Penn National Gaming, Inc. 
 825 Berkshire Boulevard 

Suite 200 

Wyomissing, Pennsylvania 19610 
 with copies, which shall not constitute notice, to: 
 Wachtell, Lipton,
Rosen & Katz 
 51 West 52nd Street 
 New York, New York 10019 
 Attn: Daniel A. Neff 

Telephone: (212) 403-1000 
 Facsimile:   (212) 403-2000 
 If to Parent, to 

Caesars Entertainment Corporation 
 One Caesars Palace Drive 
 Las Vegas, Nevada 89109 

Attention: General Counsel 
 Fax: (702) 407-6418 
 with a copy to: 

Latham & Watkins LLP 
 650 Town Center Drive 
 20th Floor 

Costa Mesa, California 92626 
 Attention: Charles K. Ruck and Michael A. Treska 
 Fax: (714) 755-8290

 If to the Escrow Agent, to: 
 Deutsche Bank National Trust Company 
 101 California Street,
47th Floor 

San Francisco, CA 94111 
 Phone: (415) 617-2801 
 Facsimile: (415) 617-4280 

Attention: Nicole DeSantis 
 E-Mail: nicole.desantis@db.com 

  
 7 

For internal use only 

 (e) The headings of the Sections of this Agreement have been inserted for convenience and
shall not modify, define, limit or expand the express provisions of this Agreement. 
 (f) This Agreement and the rights and
obligations hereunder of parties hereto may not be assigned except with the prior written consent of the other parties hereto. This Agreement shall be binding upon and inure to the benefit of each party’s respective successors and permitted
assigns. Except as expressly provided herein, no other person shall acquire or have any rights under or by virtue of this Agreement. This Agreement is intended to be for the sole benefit of the parties hereto, and (subject to the provisions of this
Section 10(f)) their respective successors and assigns, and none of the provisions of this Agreement are intended to be, nor shall they be construed to be, for the benefit of any third person. 

(g) This Agreement may not be amended, supplemented or otherwise modified without the prior written consent of the parties hereto.

 (h) The Escrow Agent makes no representation as to the validity, value, genuineness or the collectability of any document or
instrument held by or delivered to it. 
 (i) The Escrow Agent shall not be called upon to advise any party as to the wisdom in
selling or retaining or taking or refraining from any action with respect to any property deposited hereunder. 
 (j) The
Parties agree that, for income tax reporting purposes, (i) all interest and other income from investment of the Escrow Property for any tax period (whether or not such amounts have been disbursed during such tax period) shall be reported as
having been earned by Buyer and (ii) until such time that all remaining amounts of the Escrow Property have been distributed in accordance with this Agreement, Buyer shall be deemed to be the owner of such Escrow Property. The Escrow Agent
shall file any required IRS Form 1099 (and any other forms required by applicable law with respect to the Escrow Property) showing the Escrow Agent as the “payor” and Buyer as the “payee,” and shall provide Buyer with a copy of
such IRS Form 1099 (or such other forms) on or before the date on which such IRS Form 1099 (or such other form) must be provided to the “payee” under applicable law. It is understood that the Escrow Agent shall be responsible for income
tax reporting only with respect to income earned on the Escrow Property and will not be responsible for any other tax reporting. 
 (k) This Agreement may be executed in two or more counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument. 

(l) The rights and remedies conferred upon the parties hereto shall be cumulative, and the exercise or waiver of any such right or
remedy shall not preclude or inhibit the exercise of any additional rights or remedies. The waiver of any right or remedy hereunder shall not preclude the subsequent exercise of such right or remedy. 

(m) Parent and Buyer hereby represent and warrant (i) that this Agreement has been duly authorized, executed and delivered on its
behalf and constitutes its legal, valid and binding obligation and (ii) that the execution, delivery and performance of this Agreement by Parent and Buyer does not and will not violate any applicable law or regulation. 

  
 8 

For internal use only 

 (n) The invalidity, illegality or unenforceability of any provision of this Agreement shall
in no way affect the validity, legality or enforceability of any other provision; and if any provision is held to be unenforceable as a matter of law, the other provisions shall not be affected thereby and shall remain in full force and effect.

 (o) No printed or other material in any language, including prospectuses, notices, reports, and promotional material which
mentions “Bankers Trust Company”, “Deutsche Bank National Trust Company or “Deutsche Bank AG” or any of their respective affiliates by name or the rights, powers, or duties of the Escrow Agent under this Agreement shall be
issued by any other parties hereto, or on such party’s behalf, without the prior written consent of the Escrow Agent. 

(p) For purposes of this Agreement, “business day” shall mean any day that is not a Saturday or Sunday or a day on
which banks are required or permitted by law or executive order to be closed in the City of San Francisco. 
 (q) For purposes
of sending and receiving instructions or directions hereunder, all such instructions or directions shall be, and the Escrow Agent may conclusively rely upon such instructions or directions, delivered, and executed by representatives of the Parties
designated on Scheduled I attached hereto and made a part hereof (each such representative, an “Authorized Person”) which such designation shall include specimen signatures of such representatives, as such Schedule I may
be updated from time to time. 
 (r) USA PATRIOT Act Section 326 Customer Identification Program. The parties
hereto acknowledge that in order to help the United States government fight the funding of terrorism and money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act)
requires all financial institutions to obtain, verify, record and update information that identifies each person establishing a relationship or opening an account. The parties to this Agreement agree that they will provide to the Escrow Agent such
information as it may request, from time to time, in order for the Escrow Agent to satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number and other information that will allow it to
identify the individual or entity who is establishing the relationship or opening the account and may also ask for formation documents such as articles of incorporation or other identifying documents to be provided. 

  
 9 

For internal use only 

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

			
	 PENN NATIONAL GAMING, INC.
         as Buyer

		
	By	 	  

	Name:	 	
	Title:	 	
	
	 CAESARS ENTERTAINMENT CORPORATION
         as Parent

		
	By	 	  

	Name:	 	
	Title:	 	
	
	 DEUTSCHE BANK NATIONAL TRUST COMPANY
         as Escrow Agent

		
	By	 	  

	Name:	 	
	Title:	 	
		
	By	 	  

	Name:	 	
	Title:	 	

 Signature Page to Escrow Agreement 

  
 10 

For internal use only 

 Schedule I 
 Authorized Representatives 
  

					
	Name	  	                    Title	  	 Specimen Signature

			
	Robert S. Ippolito	  	Vice President, Secretary & Treasurer	  	
			
	Jonathan S. Halkyard	  	Executive Vice President and Chief Financial Officer	  	
			
	Eric Hession	  	Senior Vice President of Finance and Treasurer	  	

  
 For internal
use only 

 EXHIBIT E 
 FORM OF CUSTOMER LIST 
  

			
	Name	  	Last, first, middle initial, prefix and suffix
	Customer Number	  	Caesars will mask the number
	Social Security Number	  	
	Home Address	  	Street address, city, state, zip+4, country
	Business Address	  	Street address, city, state, zip+4, country
	Home Phone #	  	
	Business Phone #	  	
	Date of Birth:	  	
	 Email Address
 Date Customer
Established:
	  	
	Preferences (e.g.: football, rodeo, country music):	  	Interest Codes – many for one guest.
		
	 Number of Cards Issued
 Card
Issue 100YR Date
 Type of player (e.g.: cash, credit, suspended):
	  	
	Nickname:	  	
	Sex:	  	
		
	Last Play Date:	  	
		
	Drivers License Number	  	
		
	Drivers License State	  	
	Drivers License Month of Expiration	  	
	Drivers License Year of Expiration	  	
	Secondary Form of ID	  	
		
	Employer Name	  	
	Employment Position	  	
	Mail Code (Home or Business)	  	
	Bad Address Flag	  	
	Do Not Call/Do Not Mail Code	  	
	  
 Group Codes:

 
 Customer Number and Group Code
	  	
	Group Name	  	
	Arrive 100YR Date	  	
	Depart 100YR Date	  	
	  
 Credit:

 
 Customer Number
	  	
	Current Limit	  	
	Current Limit Approved 100YR date	  	
	Current Limit Approver	  	
	Temporary Limit	  	

			
	 Temporary Limit Approved 100YR date
  

Temporary Limit Approver
	  	
	Previous Limit	  	
	Previous Limit Approved 100YR date	  	
		
	Last transaction 100YR date/last credit activity	  	
		
	 Current Checks Balance
 Current
Returns Balance
 Current Safekeeping Balance
	  	
	Current redeposit balance	  	
	Customer Write Off Balance	  	
		
	Detailed Transaction data to support outstanding markers	  	
		
	Casino Hosts:	  	
		
	Casino Host Contact For Customer	  	
	Casino Host Name	  	
		
	Game Code:	  	
		
	Game Code	  	
	Game Code Description	  	
	Game Type (P=Pit, S=Slot, O=Other)	  	
	Slot Denomination	  	
		
	Slot Ratings Detail	  	Only available for 45 days of history
	Cust #	  	
	Date	  	
	Card in time	  	
	Card out time	  	
	Coin In:	  	
		
	Coin Out:	  	
		
	Theo Win:	  	
	Type of Machine:	  	
	Denom	  	
	Jackpot Amount Paid	  	
	Slot Machine #	  	

			
	Table Ratings Detail	  	Only available for 45 days of history
	Cust #	  	
	Date	  	
	Length Of play	  	
	Game Played:	  	E.g. 21, CR, RO, etc.
	Table Number:	  	
	Average Bet:	  	
	Chips In:	  	
	Cash In	  	
	Marker buy in	  	
	Total Buyin	  	
	Theo Win:	  	
	Actual Win:	  	
	Win/Loss:	  	
	Rater ID/Rated by	  	
		
	  
 Slot History
	  	This data is available in a Daily Summary record for agreed to date range beyond the 45 days of available detail ratings. To be provided in the daily summary format for the most
recent 45 days in addition to the detail level
		
	Customer	  	Will be one record per day per Slot Denom played
		
	Date	  	
	Coin In	  	
	Time – LOP (minutes)	  	
	Denom	  	
	Game Code (S=Slots)	  	
	Theo	  	
	Win/Loss	  	
		
	  
 Table History
	  	This data is available in a Daily Summary record for agreed to date range beyond the 45 days of available detail ratings. To be provided in the daily summary format for the most
recent 45 days in addition to the detail level.
		
	Customer	  	Will be one record per day per game code played
		
	Date	  	
	Buy In Cash	  	
	Buy In Marker	  	
	Average Bet	  	
	Game Code	  	
	Theo	  	
	Actual Win/Loss	  	
	Time – LOP (minutes)	  	

 Summary record for the last six months prior to close of the redeemed points/comps/value by category (Cash/Hotel/F&B,
other) at a customer level in the format attached. 

 EXHIBIT F 
 FORM OF ASSIGNMENT OF EQUITY INTERESTS AGREEMENT 
 This Assignment of
Equity Interests Agreement (this “Assignment Agreement”) is made as of [—], 2012, by and among Caesars Entertainment Operating Company, Inc., a Delaware corporation
(“CEOC”), Harrah’s Maryland Heights Operating Company, a Nevada corporation (“HMHO”), Players Maryland Heights Nevada, LLC, a Nevada limited liability company (“PMHN”, together with CEOC and
HMHO, “Sellers”), and Penn National Gaming, Inc., a Pennsylvania corporation (“Buyer”). 

WHEREAS, Sellers are the record and beneficial owners of all Equity Interests as set forth in the Purchase Agreement; 

WHEREAS, pursuant to that certain Equity Interest Purchase Agreement, dated May 7, 2012, by and among Buyer, Caesars Entertainment
Corporation, a Delaware corporation, Sellers and the Company (the “Purchase Agreement”), Sellers have agreed to sell to Buyer all of Sellers’ right, title and interest in and to the issued and outstanding Equity Interests on
the terms and subject to the conditions set forth in the Purchase Agreement; 
 WHEREAS, pursuant to the Purchase Agreement,
Sellers desire to assign and Buyer desires to acquire, all rights, title and interest in and to the Equity Interests; and 

WHEREAS, the execution and delivery of this Assignment Agreement is required by Section 5.2(k) of the Purchase Agreement;

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties to this Assignment hereby agree as follows: 
  

	1.	Definitions. Each capitalized term used but not defined in this Assignment shall have the meaning ascribed to it in the Purchase Agreement.

  

	2.	Assignment. Each of the Sellers hereby, on the terms and subject to the conditions of the Purchase Agreement, sells, assigns, transfers, conveys and delivers to
the Buyer, and the Buyer does hereby, on the terms and subject to the conditions of the Purchase Agreement, purchase, acquire and accept from Sellers, all of Sellers’ right, title and interest in and to the Equity Interests.

  

	3.	Governance. This Assignment Agreement is intended to evidence the conveyance, transfer, assignment and delivery to Buyer of the Equity Interests effective as of
the Closing. 

  

	4.	Counterparts. This Assignment Agreement may be executed and delivered in two or more counterparts via facsimile transmission or via email with scan or email
attachment. Any such counterpart executed and delivered via facsimile transmission or via email with scan or email attachment will be deemed an original for all intents and purposes, and all such counterparts shall together constitute one and the
same instrument. 

	5.	Successors and Assigns. This Assignment Agreement shall bind and inure to the benefit of the respective parties and their successors and assigns. This Assignment
Agreement is for the sole benefit of the parties hereto and their successors and assigns, and nothing herein expressed or implied shall give or be construed to give to any Person, other than the parties hereto and such successors or assigns, any
legal or equitable rights hereunder. 

  

	6.	Entire Understanding; Amendments. This Assignment Agreement, the Purchase Agreement and the Ancillary Agreements, together with the exhibits and schedules
thereto, constitute the entire agreement between the parties hereto and supersede any prior understandings, agreements or representations by or between such parties, written or oral, that may have related in any way to the subject matter hereof.
Nothing in this Assignment Agreement shall be construed to be a modification of, or limitation on, any provision of the Purchase Agreement, including the representations, warranties and agreements set forth therein. In the event of a conflict
between this Assignment Agreement and the Purchase Agreement, the parties hereto agree that the Purchase Agreement shall control. Nothing in this Assignment Agreement shall be construed as creating any third party beneficiary rights in any Person.
This Assignment Agreement shall not be amended or modified except in a written document signed by all parties hereto. 

  

	7.	Governing Law; Jurisdiction. This Assignment Agreement (and any claim or controversy arising out of or relating to this Assignment) shall be governed by and
construed in accordance with the domestic Laws of the State of Missouri without giving effect to conflicts of laws principles thereof. 

  

	8.	Section Headings; References. Section headings in this Assignment Agreement are for convenience of reference only, and shall neither constitute a part of this
Assignment Agreement nor affect its interpretation. All words in this Assignment Agreement shall be construed to be of such number and gender as the context requires or permits. 

 

	9.	Severability. If any term or other provision of this Assignment Agreement is invalid, illegal or incapable of being enforced as a result of any rule of law or
public policy, all other terms and other provisions of this Assignment Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Assignment is not affected in any
manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Assignment Agreement so as to effect
the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated by this Assignment Agreement and the Purchase Agreement are fulfilled to the greatest extent possible.

 [Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have executed this Assignment of Equity Interests
Agreement on the date first written above. 
  

			
	SELLERS	 	
	
	 Caesars Entertainment Operating Company, Inc.,
 a Delaware corporation

		
	 By:
	 	  

	 Name:
	 	  

	 Its:
	 	  

	  
 Harrah’s Maryland Heights Operating
Company,
 a Nevada corporation

		
	 By:
	 	  

	 Name:
	 	  

	 Its:
	 	  

  

							
	Players Maryland Heights Nevada, LLC,
	a Nevada limited liability company
	     By:
	 	Players Holding, LLC, Member
		 	By:	 	Players International, LLC, Member
		 		 	By:	 	Caesars Entertainment Operating Company, Inc., Member

  

			
	By:	 	  

	 Name:
	 	  

	 Its:
	 	  

	
	 BUYER

	  
 Penn National Gaming, Inc.,

a Pennsylvania corporation

		
	 By:
	 	  

	 Name:
	 	  

	 Its:
	 	  

 [Signature Page to the Assignment of Equity Interests Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]