Document:

EX 10.8 31Dec14

EXHIBIT 10.8

FOURTH AMENDMENT TO THE AMENDED
AND RESTATED GROUND LEASE AGREEMENT

This Fourth Amendment to the Amended and Restated Ground Lease Agreement (the "Fourth Amendment") is made and entered into effective as of July 1, 2013 by and between Primm South Real Estate Company, a Nevada corporation ("Landlord") and The Primadonna Company, LLC, a Nevada limited-liability company, successor in interest by merger to The Primadonna Corporation, a Nevada corporation ("Tenant").

R E C I T A L S:

A.    Landlord and Tenant entered into an Amended and Restated Ground Lease Agreement effective as of July 1, 1993, and as thereafter amended by the First Amendment to the Amended and Restated Ground Lease Agreement and Consent and Waiver dated August 25, 1997, the Second Amendment to the Amended and Restated Ground Lease Agreement dated July 1, 2002 and the Third Amendment to the Amended and Restated Ground Lease Agreement dated September 14, 2004 (hereinafter referred to collectively as the “Lease”).  All capitalized terms not otherwise defined in this Fourth Amendment shall have the meanings set forth in the Lease.

B.   Tenant was granted an Exclusivity Covenant under Subsection 5.2 of the Lease. The Exclusivity Covenant was renewable by Tenant in ten year increments. The last ten year increment was from July 1, 2003 through June 30, 2013. Landlord granted Tenant an extension of time to exercise Tenant’s right to renew the Exclusivity Covenant for the ten year increment July 1, 2013 through June 30, 2023. On January 3, 2014, Tenant declined to exercise its right to renew the Exclusivity Covenant. 

B.    Landlord and Tenant desire to amend the Lease as it relates to the Exclusivity Covenant.
 
A G R E E M E N T:

Now, therefore, based upon the foregoing Recitals, the mutual promises contained herein, and other valuable consideration, Landlord and Tenant agree as follows:

1.Landlord and Tenant agree that provisions of Subsection 5.2 of the Lease terminated effective July 1, 2013. 

2.Landlord and Tenant agree to execute, acknowledge and record an Amended Memorandum of Lease in the form and content attached hereto as Exhibit “P” which is incorporated herein by reference.

3.The Lease, as amended hereby, shall remain in full force and effect.  If and to the extent any terms of this Fourth Amendment are contrary or inconsistent with terms of the Amended and Restated Ground Lease Agreement, the First Amendment to the Amended and Restated Ground Lease Agreement, or the Second Amendment to the Amended and Restated Ground Lease Agreement or the Third Amendment to the Amended and Restated Ground Lease Agreement, the terms of this Fourth Amendment shall govern.

In Witness Whereof, Landlord and Tenant have executed this Fourth Amendment to the Amended and Restated Ground Lease intending it to be effective as of the day and year first written above.

Landlord:                

Primm South Real Estate Company,
a Nevada corporation

By: ___________________________________
        
Title: __________________________________

Dated: ________________________, 2014

      

Tenant: 

The Primadonna Company, LLC,
a Nevada limited liability company

By: _________________________________

Title:  _______________________________

Dated: _______________________________

[Notary blocks follow on next page.]
     
 

STATE OF ___________    )
) ss
COUNTY _____________    )

This Fourth Amendment to the Amended and Restated Ground Lease Agreement instrument was acknowledged before me on the ____ day of _______________, 2014, by _______________________, as ____________________ of Primm South Real Estate Company.

_________________________________
Notary Public

My Commission expires: _____________

STATE OF NEVADA    )
) ss
COUNTY _____________    )

This Fourth Amendment to the Amended and Restated Ground Lease Agreement was acknowledged before me on the ____ day of _______________, 2014, by __________________________, as ___________________ of The Primadonna Company, LLC. 

_________________________________
Notary Public

My Commission expires:______________

EXHIBIT “P”

APN:   237-08-201-001 
237-08-301-002
237-08-301-003
237-08-501-003
237-08-501-004    
237-08-501-006
237-08-501-007    
237-08-601-002
237-08-601-003
237-08-601-004
237-08-601-006
237-08-701-001 
237-08-701-002
237-08-801-001
237-08-801-002 
237-09-601-001
237-09-101-001
237-09-201-001
237-10-000-002

When recorded, mail to:
Marilyn L. Skender, Esq.
5420 Kietzke Lane, Suite 108
Reno, NV 89511

MEMORANDUM OF FOURTH AMENDMENT TO THE AMENDED
AND RESTATED GROUND LEASE AGREEMENT

This Memorandum of Fourth Amendment to the Amended and Restated Ground Lease Agreement (the "Memorandum") is made and entered into this ________ day of ____________, 2014, by and between Primm South Real Estate Company, a Nevada corporation ("Landlord") and The Primadonna Company, LLC, a Nevada limited-liability company, successor in interest by merger to The Primadonna Corporation, a Nevada corporation ("Tenant") to give notice to third parties of an amendment to a certain lease and certain rights and obligations of Landlord and Tenant therein.

R E C I T A L S:

A.    Landlord and Tenant entered into an Amended and Restated Ground Lease Agreement effective as of July 1, 1993 (“1993 Lease”), a First Amendment to the Amended and Restated Ground Lease Agreement and Consent and Waiver dated August 25, 1997 (“First Amendment”),  a Second Amendment to the Amended and Restated Ground Lease Agreement dated July 1, 2002 (“Second Amendment”) and a  Third Amendment to the Amended and Restated Ground Lease Agreement dated September 14, 2004 (“Third Amendment”).

B.    Landlord and Tenant entered into a Fourth Amendment to the 1993 Lease by a document entitled “Fourth Amendment to the Amended and Restated Ground Lease Agreement” dated effective as of July 1, 2013 (the “Fourth Amendment”). The 1993 Lease as amended by the First Amendment, Second Amendment, Third Amendment and Fourth Amendment is referred to collectively in this Memorandum as the “Lease.”  All capitalized or defined terms not otherwise defined in this Memorandum shall have the meanings set forth in the Lease.

C.     The 1993 Lease is the subject matter of that certain Memorandum of Lease recorded on December 21, 1993 in Book 931221, as Document No. 1050 Official Records of Clark County, Nevada and recorded on December 21, 1993 as Document No. 93-554710 Official Records of San Bernardino County, California (the “1993 Memorandum”).

D.     The Second Amendment is the subject matter of that certain Amendment of Memorandum of Lease recorded on September 15, 1997, Book 970915 as Document No. 00518 of the Official Records of Clark County, Nevada and recorded on September 15, 1997 as Document No.  19970337976 Official Records of San Bernardino County, California.

E.        The Third Amendment is the subject matter of that certain Amendment of Memorandum of Lease recorded on September 16, 2004, as Document No. 20040916-0004416 of the Official Records of Clark County, Nevada and recorded on _________________, 2004  as Document No.  _____________________ Official Records of San Bernardino County, California.

F.    Landlord and Tenant, by this Memorandum, are providing record notice of the Fourth Amendment to all third parties, and of certain specific provisions therein.

A G R E E M E N T:

Now, therefore, Landlord and Tenant give notice of the following

1. The recitals set forth above are incorporated herein by this reference.

2.The provisions of the Lease as set forth Section 6 of the 1993 Memorandum captioned “Exclusivity Covenant” terminated effective as of July1, 2013. 

 
3. This Memorandum is made in accordance with the Fourth Amendment and is prepared for the purposes of recordation and notice only, and shall not alter or affect in any way the rights and obligations of the parties under the Lease.  The provisions herein are not intended to be identical to provisions set forth in the Fourth Amendment, and instead are intended by the parties solely to highlight certain obligations and rights.  In the event of any inconsistency between this Memorandum and the Lease, the terms of the Lease shall govern.

4.     This Memorandum shall be recorded with the County Recorders of Clark County, Nevada, and San Bernardino County, California. No other recordation of this Memorandum shall be made by either party without the written consent of the other party.

5.      The 1993 Lease, First Amendment, Second Amendment and Third Amendment are the subject of previously recorded memorandums.  This Memorandum supercedes and replaces previously recorded memorandums only to the extent this Memorandum is inconsistent with any previously recorded documents; otherwise the notice given by such previously recorded memorandums shall remain in full force and effect.

In Witness Whereof, Landlord and Tenant have executed this Memorandum of Fourth Amendment to the Amended and Restated Ground Lease Agreement.

Landlord:    

Primm South Real Estate Company,
a Nevada corporation

By: ___________________________________
        
Title: __________________________________

Dated: ________________________, 2014
      

Tenant: 

The Primadonna Company, LLC,
a Nevada limited liability company

By: _________________________________

Title:  _______________________________

Dated: _________________________, 2014

[Notary blocks follow on next page.]
     
 

STATE OF ___________    )
) ss
COUNTY _____________    )

This Memorandum of Fourth Amendment to the Amended and Restated Ground Lease Agreement instrument was acknowledged before me on the ____ day of _______________, 2014, by _______________________, as ____________________ of Primm South Real Estate Company.

_________________________________
Notary Public

My Commission expires: _____________

STATE OF NEVADA    )
) ss
COUNTY _____________    )

This Memorandum of Fourth Amendment to the Amended and Restated Ground Lease Agreement was acknowledged before me on the ____ day of _______________, 2014, by __________________________, as ___________________ of The Primadonna Company, LLC. 

_________________________________
Notary Public

My Commission expires: ______________EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
 SUPPLEMENTAL
INDENTURE 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of April 25, 2014, by and among each of
the undersigned subsidiary guarantors (the “Subsidiary Guarantors”), each a subsidiary of Caesars Growth Properties Holdings, LLC (or its successor), CAESARS GROWTH PROPERTIES HOLDINGS, LLC, a Delaware limited liability company, and
CAESARS GROWTH PROPERTIES FINANCE, INC., a Delaware corporation (together, the “Issuers”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee under the indenture referred to below (the
“Trustee”). 
 W I T N E S S E T H : 

WHEREAS the Issuers have heretofore executed and delivered to the Trustee an indenture (as amended, supplemented or otherwise modified, the
“Indenture”) dated as of April 17, 2014, providing for the issuance of the Issuers’ 9.375% Second-Priority Senior Secured Notes due 2022 (the “Notes”), initially in the aggregate principal amount of
$675,000,000; 
 WHEREAS Section 4.11 of the Indenture provides that under certain circumstances the Issuers are required to cause the
Subsidiary Guarantors to execute and deliver to the Trustee a supplemental indenture pursuant to which the Subsidiary Guarantors shall unconditionally guarantee all the Issuers’ Obligations under the Notes and the Indenture pursuant to a Note
Guarantee on the terms and conditions set forth herein; and 
 WHEREAS pursuant to Section 9.01 of the Indenture, the Trustee, the
Issuers and the Subsidiary Guarantors, if any, are authorized to execute and deliver this Supplemental Indenture; 
 NOW THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Subsidiary Guarantors, the Issuers, and the Trustee mutually covenant and agree for the equal and ratable benefit of the
holders of the Notes as follows: 
 1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in
the preamble or recital hereto are used herein as therein defined, except that the term “holders” in this Supplemental Indenture shall refer to the term “holders” as defined in the Indenture and the Trustee acting
on behalf of and for the benefit of such holders. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture
as a whole and not to any particular section hereof. 
 2. Agreement to Guarantee. The Subsidiary Guarantors hereby agree, jointly
and severally with all existing guarantors (if any), to unconditionally guarantee the Issuers’ Obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in Article XII of the Indenture and to be bound by
all other applicable provisions of the Indenture and the Notes and to perform all of the obligations and agreements of a guarantor under the Indenture. 

 3. Notices. All notices or other communications to the Subsidiary Guarantors shall be
given as provided in Section 13.02 of the Indenture. 
 4. Ratification of Indenture; Supplemental Indentures Part of Indenture.
Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture
for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 5.
Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

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

  
 2 

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

			
	CAESARS GROWTH PROPERTIES HOLDINGS, LLC
	
	CAESARS GROWTH PROPERTIES FINANCE, INC.
		
	By:		 /s/ Craig Abrahams

	Name:		Craig Abrahams
	Title:		Chief Financial Officer and Secretary

 [Signature Page to Supplemental Indenture] 

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

					
	SUBSIDIARY GUARANTORS:
	
	 PHWLV, LLC
 TSP OWNER LLC

CAESARS GROWTH CROMWELL, LLC
 CAESARS GROWTH QUAD, LLC

3535 LV NEWCO, LLC
 CAESARS GROWTH BALLY’S LV, LLC

FHR NEWCO, LLC
 LVH NEWCO, LLC

FLAMINGO-LAUGHLIN NEWCO, LLC
 PARBALL NEWCO, LLC

CAESARS GROWTH HARRAH’S NEW ORLEANS, LLC

		
	By:		 /s/ Craig Abrahams

			Name:		Craig Abrahams
			Title:		Chief Financial Officer and/or Secretary

  
 [Signature Page to
Supplemental Indenture] 

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

					
	SUBSIDIARY GUARANTORS:
	
	 CAESARS GROWTH PH FEE, LLC
 CAESARS
GROWTH PH, LLC

	
	 By: Caesars Growth Properties Holdings, LLC

its sole member

	
	 By: Caesars Growth Properties Parent, LLC

its sole member

	
	 By: Caesars Growth Partners, LLC

its sole member

	
	 By: Caesars Acquisition Company

its managing member

		
	By:		 /s/ Craig Abrahams

			Name:		Craig Abrahams
			Title:		Chief Financial Officer

  
 [Signature Page to
Supplemental Indenture] 

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

					
	SUBSIDIARY GUARANTORS:
	
	 JAZZ CASINO COMPANY, L.L.C.
 JCC
HOLDING COMPANY II LLC

		
	By:		 /s/ Diane Wilfong

			Name:		Diane Wilfong
			Title:		Assistant Secretary
	
	JCC FULTON DEVELOPMENT, L.L.C.
	
	 By: JCC Holding Company II LLC

its sole member

		
	By:		 /s/ Diane Wilfong

			Name:		Diane Wilfong
			Title:		Assistant Secretary

  
 [Signature Page to
Supplemental Indenture] 

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

			
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:		 /s/ Raymond S. Haverstock

			Name: Raymond S. Haverstock
			Title:   Vice President

  
 [Signature Page to
Supplemental Indenture]

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