Document:

EX-10.1

 Exhibit 10.1 
 Execution Version 
 ASIAN COAST DEVELOPMENT (CANADA) LTD. 

THIRD AMENDED AND RESTATED SHAREHOLDERS AGREEMENT 
 Dated as of May 24, 2013 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	ARTICLE 1 SCOPE AND EFFECT OF AGREEMENT	  	 	2	  
			
	Section 1.1	  	Support of Terms	  	 	2	  
			
	Section 1.2	  	Terms to Prevail over Constating Documents	  	 	2	  
			
	Section 1.3	  	Amended and Restated Agreement.	  	 	3	  
		
	ARTICLE 2 GOVERNANCE AND MANAGEMENT OF THE COMPANY	  	 	3	  
			
	Section 2.1	  	Board Rights	  	 	3	  
			
	Section 2.2	  	Pinnacle Advisor	  	 	11	  
			
	Section 2.3	  	Access to Information	  	 	11	  
		
	ARTICLE 3 TRANSFERS AND RELATED COVENANTS	  	 	14	  
			
	Section 3.1	  	Transfer Restrictions	  	 	14	  
			
	Section 3.2	  	Tag-Along Right.	  	 	22	  
			
	Section 3.3	  	Drag-Along Right	  	 	27	  
			
	Section 3.4	  	Minority Investor Exit Sale Right	  	 	30	  
			
	Section 3.5	  	Right of First Negotiation	  	 	31	  
			
	Section 3.6	  	Disposition of Securities	  	 	32	  
			
	Section 3.7	  	Recognition of Transfers and Endorsement on Certificates	  	 	32	  
			
	Section 3.8	  	Waiver of Rights	  	 	33	  
		
	ARTICLE 4 PREEMPTIVE RIGHTS	  	 	33	  
			
	Section 4.1	  	Preemptive Rights	  	 	33	  
			
	Section 4.2	  	Waiver of Rights	  	 	36	  
		
	ARTICLE 5 REGISTRATION RIGHTS	  	 	36	  
			
	Section 5.1	  	Registration Rights	  	 	36	  
		
	ARTICLE 6 CONSENT RIGHTS AND ADDITIONAL COVENANTS	  	 	36	  
			
	Section 6.1	  	Majority Vote Consent Rights	  	 	36	  
			
	Section 6.2	  	Minority Consent Rights	  	 	40	  
			
	Section 6.3	  	Covenants of the Company	  	 	47	  
			
	Section 6.4	  	Additional Covenants and Representations of the Parties.	  	 	50	  
			
	Section 6.5	  	Backstop Lookback Protection	  	 	53	  

  

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	Section 6.6	  	May 2013 Loan Agreement Lookback Protection	  	 	58	  
			
	Section 6.7	  	Related Provisions	  	 	64	  
			
	Section 6.8	  	Anti-Dilution Protection	  	 	65	  
			
	Section 6.9	  	Creation of the Class VII Non-Voting Shares	  	 	68	  
			
	Section 6.10	  	Management Top-Up.	  	 	69	  
		
	ARTICLE 7 DEFINITIONS AND INTERPRETATION	  	 	69	  
			
	Section 7.1	  	Certain Definitions	  	 	69	  
			
	Section 7.2	  	Headings	  	 	89	  
			
	Section 7.3	  	Extended Meanings	  	 	89	  
			
	Section 7.4	  	Currency	  	 	89	  
		
	ARTICLE 8 CONFIDENTIALITY	  	 	90	  
			
	Section 8.1	  	Confidentiality Covenant	  	 	90	  
			
	Section 8.2	  	Other Permitted Disclosure	  	 	90	  
			
	Section 8.3	  	Remedies	  	 	91	  
		
	ARTICLE 9 [INTENTIONALLY OMITTED]	  	 	91	  
		
	ARTICLE 10 MISCELLANEOUS	  	 	91	  
			
	Section 10.1	  	Termination	  	 	91	  
			
	Section 10.2	  	Amendments	  	 	92	  
			
	Section 10.3	  	Waiver	  	 	92	  
			
	Section 10.4	  	Assignment	  	 	92	  
			
	Section 10.5	  	Enforcement	  	 	93	  
			
	Section 10.6	  	Notices	  	 	93	  
			
	Section 10.7	  	Further Assurances	  	 	95	  
			
	Section 10.8	  	Binding Effect	  	 	95	  
			
	Section 10.9	  	No Third Party Beneficiaries	  	 	95	  
			
	Section 10.10	  	Severability	  	 	95	  
			
	Section 10.11	  	Entire Agreement	  	 	96	  
			
	Section 10.12	  	Governing Law	  	 	96	  
			
	Section 10.13	  	Independent Legal Advice	  	 	96	  
			
	Section 10.14	  	Expenses	  	 	96	  
			
	Section 10.15	  	Counterparts	  	 	96	  
			
	Section 10.16	  	English Language	  	 	97	  

  

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 THIRD AMENDED AND RESTATED SHAREHOLDERS AGREEMENT 

This THIRD AMENDED AND RESTATED SHAREHOLDERS AGREEMENT (this “Agreement”), dated as of May 24, 2013, is by and
among (i) Asian Coast Development (Canada) Ltd., a Canadian corporation (the “Company”), (ii) Harbinger II S.à r.l., Blue Line ACDL, Inc., Breakaway ACDL, Inc., Credit Distressed Blue Line Master Fund, Ltd., Global
Opportunities Breakaway Ltd., and Harbinger China Dragon Intermediate Fund, L.P. (collectively, “Harbinger”), (iii) PNK Development 18, LLC, a Delaware limited liability company and a subsidiary of Pinnacle
Entertainment, Inc., a Delaware corporation (such subsidiary, “Pinnacle”) and (iv) PNK Development 31, LLC, a Delaware limited liability company and a subsidiary of Pinnacle Entertainment, Inc. Capitalized terms used
but not otherwise defined in this Agreement shall have the meanings set forth in Section 7.1. 
 RECITALS

 WHEREAS, the Company, Harbinger and Pinnacle entered into the Shareholders Agreement, dated as of August 8, 2011
(the “Original Shareholders Agreement”), when Pinnacle made its initial investment in the Company pursuant to the Pinnacle Subscription Agreement; 
 WHEREAS, the Company, Harbinger and Pinnacle entered into an Amended and Restated Shareholders Agreement, dated as of August 29, 2012, in connection with, inter alia, the 2012 Subscription
Agreement as amended by the First Amendment to the Amended and Restated Shareholders Agreement dated as of September 28, 2012 (as amended, the “First Amended Shareholders Agreement”); 

WHEREAS, the Company, Harbinger and Pinnacle entered into a Second Amended and Restated Shareholders Agreement, dated as of
December 6, 2012, in connection with, inter alia, the Backstop Loan Agreement (the “Second Amended Shareholders Agreement”); 
 WHEREAS, Harbinger and Pinnacle are shareholders of the Company; and 
 WHEREAS,
the Company, Harbinger and Pinnacle desire to grant to Harbinger and Pinnacle, as the case may be, certain rights with respect to their respective investments according to the following terms and conditions. 

NOW, THEREFORE, in consideration of the mutual premises and covenants set forth herein, the parties hereto agree as follows: 

  

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 ARTICLE 1 
 SCOPE AND EFFECT OF AGREEMENT 
 Section 1.1 Support of Terms.

 (a) Each of Harbinger and Pinnacle agrees with the other that it shall vote its respective Voting Securities (or, if more
convenient, execute written shareholders’ consent resolutions) and in all other respects use its reasonable best efforts and take all such steps as may reasonably be within its powers so as to cause the Company or any Company Party to comply
with and act in the manner contemplated by the provisions hereof, and so as to implement to their full extent the provisions of this Agreement and, to the extent, if any, permitted by Applicable Law, shall each use reasonable best efforts and take
all such steps as may reasonably be within its powers so as to cause its respective nominee(s) as director so to act. For purposes of this Section 1.1(a), the terms “Harbinger” and “Pinnacle” shall include their
respective Entity Affiliates that own Equity Securities. 
 (b) The Company shall (i) comply with its obligations under
this Agreement, and (ii) use reasonable best efforts and take all such steps as may reasonably be within its powers to otherwise implement to their full extent the provisions of this Agreement. 

The parties hereto agree that their intent is to grant to each of Harbinger and Pinnacle (and their respective Entity Affiliates) certain rights with
respect to its investment as more particularly set forth in this Agreement, and in accordance with the terms and conditions hereof, and that notwithstanding anything to the contrary set out in the Existing Shareholders Agreement or the Supplemental
Agreement, the respective rights and obligations of the Company and Harbinger (including its Entity Affiliates) vis-à-vis each other under the Existing Shareholders Agreement and Supplemental Agreement shall, except as otherwise
expressly provided herein, be subject and subordinate to the further agreements of the Company, Harbinger and Pinnacle set forth in this Agreement. Harbinger further acknowledges that it shall irrevocably terminate and waive in favor of the Company
and Pinnacle certain of its governance consent rights and covenants, including without limitation certain rights of first refusal and preemptive rights, in each case as more particularly set out in the Termination and Waiver dated as of
August 29, 2012 granted by Harbinger in favor of the Company and Pinnacle. Without limiting the foregoing, until the termination of this Agreement in accordance with its terms, Harbinger acknowledges that, notwithstanding section 6.6 of the
Existing Shareholders Agreement, it and its Entity Affiliates shall only be permitted to transfer Securities in accordance with the terms of this Agreement. 
 Section 1.2 Terms to Prevail over Constating Documents. If any of the provisions of this Agreement conflict with the Constating Documents, the provisions of this Agreement shall prevail to the
extent of each such conflict, and each of the Company, Harbinger and Pinnacle shall, if reasonably possible, cause the Constating Documents to be amended so as to eliminate such conflict. 

  

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 Section 1.3 Amended and Restated Agreement. 

This Agreement is intended to represent a continuation of the Second Amended Shareholders Agreement, as amended and restated upon the
terms and conditions set out herein, and from and after the date hereof supersedes and replaces the Second Amended Shareholders Agreement (which in turn superseded and replaced the First Amended Shareholders Agreement) in its entirety. 

ARTICLE 2 

GOVERNANCE AND MANAGEMENT OF THE COMPANY 
 Section 2.1 Board Rights. 
 (a) Non-Voting Period. At any time
other than during a Voting Period, the following provisions shall apply: 
 (i) Size and Composition.

 (A) At any time during which Harbinger is the Majority Party: 

(1) Subject to Section 2.1(a)(i)(A)(2), Harbinger and Pinnacle shall vote their respective Voting Securities
so that the Board shall be composed of at least seven (7) but no more than twelve (12) directors, of which Pinnacle shall nominate a number of individuals from the number of directors to be elected that represents Pinnacle’s then
ownership percentage of the Equity Voting Power, rounded up or down to the nearest whole number, but not less than two (2) directors (any director nominated by Pinnacle, a “Pinnacle Director”), with the remaining directors
being nominated by Harbinger (any director nominated by Harbinger, a “Harbinger Director”), and Harbinger and Pinnacle shall vote their respective Voting Securities to elect such Pinnacle Directors and Harbinger Directors (including
without limitation, the appointment of additional Harbinger Directors or Pinnacle Directors, if any and as applicable, immediately following the end of the Voting Period); provided, however, that (x) in no event shall Harbinger
vote its Voting Securities in a manner that would cause the number of Pinnacle Directors serving on the Board at any time to be less than two (2) directors, (y) Harbinger shall take all necessary action as promptly as practicable,
including without limitation effecting an increase in the size of the Board or removal of some of the Harbinger Directors and causing the appointment of Pinnacle Directors, such that the number of Pinnacle Directors reflects the foregoing provision,
and (z) any such appointment in furtherance of this Section 2.1(a)(i)(A)(1) shall only be permitted in accordance with the terms of the Constating Documents. 

(2) Harbinger, as the Majority Party, shall have the sole right to recommend in writing any increase or decrease in the
size of the Board between seven (7) and twelve (12) directors, and Pinnacle shall vote its Voting Securities so that the Board shall be comprised of such number of directors as recommended by Harbinger. In the event that the size of the
Board is so increased or decreased, Harbinger shall vote its Voting Securities so that the number of Pinnacle Directors on the Board shall be in proportion to Pinnacle’s then ownership percentage of the Equity Voting Power, rounded up or down
to the nearest whole number; provided, however, that in no event shall Harbinger vote its Voting Securities in a manner that would cause the number of Pinnacle Directors serving on the Board at any time to be less than two
(2) directors. In the event that the number of Pinnacle Directors on the Board at any time is less than its proportionate share based on Pinnacle’s then ownership percentage of the Equity Voting Power, rounded up or down to the nearest
whole number, then Pinnacle shall have the right to require (exercisable by written notice to Harbinger) that Harbinger, as the Majority Party, take, and Harbinger shall take, all necessary action, including without limitation effectuating an
increase in the size of the Board or removal of some of the Harbinger Directors and causing the appointment of additional Pinnacle Directors and voting its Voting Securities thereafter, such that the number of Pinnacle Directors reflects
Pinnacle’s proportionate share of such voting power; provided, however, that in no event shall Harbinger vote its Voting Securities in a manner that would cause the number of Pinnacle Directors serving on the Board at any time to
be less than two (2) directors. 

  

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 (B) At any time during which Harbinger is the Minority Party: 

(1) Harbinger and Pinnacle shall vote their respective Voting Securities so that (x) the Board shall be composed of
at least seven (7) but no more than twelve (12) directors, and (y) the number of directors nominated by each of Pinnacle and Harbinger shall be proportionate to their then-respective ownership percentages of the Equity Voting Power,
rounded up or down to the nearest whole number. 
 (2) Pinnacle, as the Majority Party, shall have the sole
right to recommend in writing any increase or decrease in the size of the Board between seven (7) and twelve (12) directors, and Harbinger, as the Minority Party, shall vote its Voting Securities so that the Board shall be comprised of
such number of directors as recommended by Pinnacle. In the event that the size of the Board is so increased or decreased, Pinnacle shall vote its Voting Securities so that the number of Harbinger Directors on the Board shall be in proportion to
Harbinger’s then ownership percentage of the Equity Voting Power, rounded up or down to the nearest whole number; provided, however, that in no event shall Pinnacle vote its Voting Securities in a manner that would cause the
number of Harbinger Directors serving on the Board at any time to be less than two (2) directors. In the event that the number of Harbinger Directors on the Board at any time is less than its proportionate share based on Harbinger’s then
ownership percentage of the Equity Voting Power, rounded up or down to the nearest whole number, then Harbinger shall have the right to require (exercisable by written notice to Pinnacle) that Pinnacle, as the Majority Party, take, and Pinnacle
shall take, all necessary action, including without limitation effectuating an increase in the size of the Board or removal of some of the Pinnacle Directors and causing the appointment of additional Harbinger Directors and voting its Voting
Securities thereafter, such that the number of Harbinger Directors reflects Harbinger’s proportionate share of such voting power; provided, however, that in no event shall Pinnacle vote its Voting Securities in a manner that would
cause the number of Harbinger Directors serving on the Board at any time to be less than two (2) directors. 

  

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 (C) Independent Director. Subject to Section 2.1(d)(xii),
at any time other than during a Voting Period (whether Harbinger is the Majority Party or otherwise), Harbinger shall be required to include an Independent Director as one of its nominees for election as a director pursuant to
Section 2.1(a); provided, that during the period ending on or before the twelve (12) month anniversary of the Class VI Closing Date, Harbinger shall be required to propose the Chairman Nominee as its Independent Director
nominee pursuant hereto for any election; provided further, however, that in the event the Chairman Nominee is unable or unwilling to serve or ceases to be an Independent Director, Harbinger shall be required to propose an Independent
Director to serve on the Board. In all such events, Harbinger and Pinnacle shall vote their respective Voting Securities such that the Independent Director nominee proposed by Harbinger would be elected as a director to the Board. For the avoidance
of doubt, as soon as practicable following the termination of a Voting Period and solely to the extent Pinnacle has nominated, and such director is at such time serving as, an Independent Director, (1) the Independent Director (including the
Chairman Nominee if the Chairman Nominee is the Chairman of the Board) shall remain on the Board, but shall be designated to be a Harbinger Director without derogating from any of the rights set forth in Section 2.1(a)(i)(A) and
(2) Pinnacle shall be entitled to appoint a replacement Pinnacle Director and Harbinger agrees to cause its appointed directors to act so as to effectuate Pinnacle’s right to appoint such Pinnacle Director in accordance with the foregoing,
including by causing its directors to increase the size of the Board and fill a vacancy on the Board with such replacement Pinnacle Director. 
 (ii) For the avoidance of doubt, neither Harbinger nor Pinnacle shall be required to vote their respective Voting Securities in the manner set forth in Section 2.1(a)(i) at any time during a
Voting Period. 
 (iii) Subject to Applicable Law, the parties shall cause their nominees to the Board to call
and hold a special meeting of the shareholders of the Company if necessary to effectuate the provisions of this Section 2.1(a). 
 (b) Voting Period. At any time during the duration of any Voting Period, the following provisions shall apply: 

(i) Size and Composition. Harbinger and Pinnacle shall vote their respective Voting Securities so that the Board
shall be composed of (A) such number of directors as is set forth in Section 4.1(c) of the Existing Shareholders Agreement, of which six (6) directors shall be nominated by Harbinger and shall vote their respective Voting
Securities to elect such six (6) nominees and (B) no more than ten (10) directors. From and after the date of this Agreement, Harbinger agrees to (A) nominate, as part of its slate of six nominees for the election as directors,
the number of individuals proposed by Pinnacle in writing that, in respect of such slate of six (6) director nominees, represents Pinnacle’s then ownership percentage of the Equity Voting Power, rounded up or down to the nearest whole
number; provided that Harbinger shall be required to nominate at least two nominees proposed by Pinnacle; and (B) vote its Voting Securities to elect such Pinnacle nominees. With respect to any remaining directors that may be nominated
for election as a director of the Company by the Principal Shareholders in accordance with the terms and conditions of Section 4.1(c) of the Existing Shareholders Agreement, Harbinger shall not (and shall not permit its Subsidiaries to),
without first obtaining Pinnacle’s written consent (which consent shall not be unreasonably withheld or delayed), make any affirmative decision as to the eligibility or qualifications of any such nominees that may be proposed by the Principal
Shareholders, provided that rejection of nominees proposed by the Principal Shareholders shall not require Pinnacle’s written consent. 

  

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 (ii) Board Observer. In addition to any right to nominate a director
in accordance with this Agreement, the Company shall invite and permit at least one representative designated by the Majority Party, at least one representative designated by the Minority Party and any other individuals in the Board’s
discretion to attend all duly called meetings of the Board and any committee thereof (whether in person, telephonically or otherwise) solely in a non-voting observer capacity (each, a “Board Observer”) and, in this respect, shall
give the Board Observer copies of all notices, minutes, consents and other materials that the Company provides to its directors in connection with such meeting, subject to the limitations set forth below in Section 2.3 and
provided that the Board Observer shall enter into an agreement with the Company providing that the Board Observer shall hold in confidence and trust all information provided to him or her or learned by him or her in connection with the
observer rights described herein, except to the extent otherwise required by Applicable Law and any other regulatory process to which such party is subject. For the avoidance of doubt, (1) the Board Observer designated by Pinnacle may share all
such information with PEI and its Entity Affiliates and (2) the Board Observer designated by Harbinger may share all such information with Harbinger and its Entity Affiliates. 

(iii) Independent Directors. Subject to Section 2.1(d)(xii), at any time during which Pinnacle is the
Minority Party, Pinnacle may, but is not required to, propose an Independent Director as one of its nominees for election as a director pursuant to Section 2.1(b)(i), and Harbinger and Pinnacle shall vote their respective Voting
Securities such that the Independent Director nominee proposed by Pinnacle would be elected as a director to the Board. Notwithstanding the foregoing, during the period ending on the later of the twelve (12) month anniversary of the Class VI
Closing Date and the end of the Voting Period, Pinnacle shall propose the Chairman Nominee as nominee for election as an Independent Director pursuant to Section 2.1(b)(i); provided, however, that in the event the Chairman
Nominee is unable or unwilling to serve or ceases to be an Independent Director, Harbinger and Pinnacle shall use their reasonable best efforts to cause such person to resign from the Board, Pinnacle shall be entitled to propose an Independent
Director to serve on the Board, and Harbinger and Pinnacle shall use their best efforts to cause their respective directors to fill the vacancy such that the Independent Director nominee proposed by Pinnacle would be elected as a director to the
Board and, if necessary, to otherwise vote their respective Voting Securities such that such Independent Director is elected as a director to the Board. 

  

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 (c) For purposes of this Section 2.1, the terms “Harbinger” and
“Pinnacle” shall include their respective Entity Affiliates that own Voting Securities. 
 (d) In General. At
all times during the term of this Agreement (whether during a Voting Period or otherwise), the following provisions shall apply: 
 (i) Committees. Each of Harbinger and Pinnacle shall have the right to appoint at least one director to each of the Audit Committee, the Compensation Committee, the Nominating Committee, the
Corporate Governance Committee, the Investment Committee, and the Compliance Committee, and any other committees of the Board formed after the date of this Agreement (including, but not limited to, any executive committee, special committee, and the
Operating Committee). Each of Harbinger and Pinnacle shall, to the extent permitted by Applicable Law, use its reasonable best efforts and take all such steps as may reasonably be within its powers so as to cause its respective appointed directors
to act so as to effectuate each party’s right to appoint at least one committee member in accordance with the foregoing sentence; provided, however, that the majority of committee members on any such committee (other than the
Executive Committee and the Operating Committee) shall consist of directors appointed by the Majority Party. 

(ii) Executive Committee. Each of Harbinger and Pinnacle shall, to the extent permitted by Applicable Law, use its
reasonable best efforts and take all such steps as may reasonably be within its powers so as to cause its respective appointed directors to (A) appoint an Executive Committee of the Board with the greatest director powers an executive committee
of a board of directors may possess under Applicable Law (the “Executive Committee”), and (B)(1) designate the following Persons to constitute the Executive Committee: two directors designated by the Majority Party and one
director designated by the Minority Party, who shall be the voting members of such Committee, and the Chief Executive Officer of the Company and the Pinnacle Advisor, (2) not revoke or alter the authority given to the Executive Committee,
(3) not override any decision made by the Executive Committee, (4) not terminate the appointment of, or change the membership of, the Executive Committee, and (5) not fill vacancies in the Executive Committee, except in the case of
each of the foregoing clauses (1) - (5), as provided herein or as otherwise may be agreed to in writing by Harbinger and Pinnacle. Each of Harbinger and Pinnacle shall take all actions, and shall to the extent permitted by Applicable Law,
cause its respective appointed directors to take all actions, necessary or appropriate to effectuate the delegation of authority to the Executive Committee for the matters set forth in this Section 2.1(d)(ii), including the adoption of
resolutions of the Board in accordance with Applicable Law. 
 (iii) Operating Committee. Each of
Harbinger and Pinnacle shall, to the extent permitted by Applicable Law, use its reasonable best efforts and take all such steps as may reasonably be within its powers so as to cause its respective appointed directors to (A) appoint an
Operating Committee of the Board with such director powers as to be set forth in a charter document mutually agreed upon by Harbinger and Pinnacle (the “Operating Committee”), and (B)(1) designate the following Persons to
constitute the Operating Committee: one director designated by the Majority Party, one director designated by the Minority Party, who shall be the voting members of such Committee, and the Chief Executive Officer of the Company and the Pinnacle
Advisor, (2) not revoke or alter the authority given to the Operating Committee, (3) not override any decision made by the Operating Committee, (4) not terminate the appointment of, or change the membership of, the Operating
Committee, and (5) not fill vacancies in the Operating Committee, except in the case of each of clauses (1) - (5), as provided herein or as otherwise may be agreed to in writing by Harbinger and Pinnacle. Each of Harbinger and
Pinnacle shall take all actions, and shall to the extent permitted by Applicable Law, cause its respective appointed directors to take all actions, necessary or appropriate to effectuate the delegation of authority to the Operating Committee for the
matters set forth in this Section 2.1(d)(iii), including the adoption of resolutions of the Board in accordance with Applicable Law. 

  

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 (iv) Future Funding Committee. Each of Harbinger and Pinnacle shall,
to the extent permitted by Applicable Law, use its reasonable best efforts and take all such steps as may reasonably be within its powers so as to cause its respective appointed directors to (A) appoint a Future Funding Committee of the Board
(the “Future Funding Committee”) to make recommendations to the Board from time to time apprising the Board of the Future Funding Committee’s beliefs as to the Company’s need for additional financing, including the amount
of financing being recommended by the Future Funding Committee for the Company and an approximate timetable for such recommended financing (the “Financing Need Recommendation”), and (B)(1) designate the following Persons to
constitute the Future Funding Committee: one director designated by Harbinger, one director designated by Pinnacle, the Independent Director(s) of the Company and any Board Observer of the Company that would be an Independent Director if such
individual were appointed to the Board, (2) not revoke or alter the authority given to the Future Funding Committee, (3) not terminate the appointment of, or change the membership of, the Future Funding Committee, and (4) not fill
vacancies in the Future Funding Committee, except in the case of each of clauses (1) - (4), as provided herein or as otherwise may be agreed to in writing by Harbinger and Pinnacle. Upon receipt of a Financing Need Recommendation from the
Future Funding Committee, each of Pinnacle and Harbinger shall, to the extent permitted by Applicable Law, use its reasonable best efforts and take all such steps as may reasonably be within its powers so as to cause its respective appointed
directors to call a meeting of the Board in order for the Board to make a determination as to whether the Financing Need Recommendation is in the best interest of the Company in accordance with their fiduciary duties under Applicable Law. Each of
Pinnacle and Harbinger shall, to the extent permitted by Applicable Law, use its reasonable best efforts and take all such steps as may reasonably be within its powers so as to cause its respective appointed directors to approve or reject the
Financing Need Recommendation. Each of Harbinger and Pinnacle shall take all actions, and shall to the extent permitted by Applicable Law, cause its respective appointed directors to take all actions, necessary or appropriate to effectuate the
delegation of authority to the Future Funding Committee for the matters set forth in this Section 2.1(d)(iv), including the adoption of resolutions of the Board in accordance with Applicable Law. For the avoidance of doubt and subject to
the authority delegated to the Independent Committee in Section 2.1(d)(v), the Board shall maintain sole and absolute authority, in its sole discretion, to determine (A) the Company’s need for additional financing, including
the amount of any financing or the approximate timetable related thereto, and (B) any and all matters being considered and recommended by the Future Funding Committee. 

  

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 (v) Independent Committee. In connection with the Administrative
Services Agreement and certain actions as set forth in Section 6.1(b) and Section 6.2(a), each of Harbinger and Pinnacle shall, to the extent permitted by Applicable Law, use its respective reasonable best efforts and take
all such steps as may reasonably be within its respective powers so as to cause its respective appointed directors to appoint an Independent Committee of the Board consisting solely of Independent Directors (the “Independent
Committee”). The Independent Committee shall have the full power and authority of the Board with respect to the review of any action to be taken by the Company in connection with (A) the Administrative Services Agreement to the extent
and in accordance with the provisions therein, (B) the approval of any Replacement Funding on such terms as the Independent Committee may determine, which approval must occur within ninety (90) days of the date that the Company and
Pinnacle become aware of the breach by Harbinger (or its Affiliates) of an obligation to fund a commitment under the Backstop Loan Agreement and (C) the approval of any Future Funding in accordance with Section 6.1(b)(i)(C) and
Section 6.2(a). Each of Harbinger and Pinnacle shall, to the extent permitted by Applicable Law, use its reasonable best efforts to, and take all such steps as may reasonably be within its powers as to cause its respective directors to,
(1) designate only Independent Directors to the Independent Committee, (2) not revoke or alter the authority given to the Independent Committee, (3) not override any decision made by the Independent Committee, (4) not terminate
the appointment of, or change the membership of, the Independent Committee, and (5) not fill vacancies in the Independent Committee, except in the case of each of clauses (1) - (5), as provided herein or as otherwise may be agreed to
in writing by the Company, Harbinger and Pinnacle. Without derogating from the power and authority granted hereby or by any resolution of the Board, the scope of any powers and authority of the Independent Committee in addition to those set forth
above shall, subject to the Business Corporations Act (British Columbia) be set forth in a charter document to be mutually agreed upon by Harbinger and Pinnacle. Each of Harbinger and Pinnacle shall take all actions, and shall to the extent
permitted by Applicable Law, cause its respective appointed directors to take all actions, necessary or appropriate to effectuate the delegation of authority to the Independent Committee for the matters set forth in this
Section 2.1(d)(v), including the adoption of resolutions of the Board in accordance with Applicable Law. 
 (vi) Chairman of the Board. Subject to Section 2.1(b)(iii), during the period ending on the twelve (12) month anniversary of the Class VI Closing Date, Harbinger and Pinnacle shall vote
their respective Voting Securities so that the Chairman Nominee shall be nominated as a director and appointed as Chairman of the Board. In the event that the Chairman Nominee is no longer serving as a director of the Company during such twelve
(12) month period or, following such twelve (12) month period, the Board determines to appoint a different Chairman of the Board, then the Board shall take such action as determined by the Board to be in the best interests of the Company
and its shareholders to select a new Chairman of the Board, and each of the Majority Party and the Minority Party agrees with the other that it shall to the extent, if any, permitted by Applicable Law, use its reasonable best efforts and take all
such steps as may reasonably be within its powers so as to cause its respective nominee(s) as director to vote to elect the nominee selected by the Board to be appointed as Chairman of the Board. 

  

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 (vii) Removal and Replacement of Directors. Any director may be
removed from the Board or from any committee at any time, with or without cause, only at the direction of the shareholder that designated such director. If a vacancy is created on the Board or a committee as a result of the death, disability,
retirement, resignation, or removal of any director, then the shareholder that designated such director shall have the right to designate such director’s replacement. 

(viii) Voting at Meetings. Each of Harbinger and Pinnacle shall vote their Voting Securities at any meeting of
shareholders called to elect directors in favor of electing individual nominees to the Board in accordance with the provisions of this Section 2.1. 
 (ix) Timing. To the extent permitted, the election or designation of Harbinger’s and Pinnacle’s nominees as set forth above in this Section 2.1 will be effected as soon as
practicable following designation of such nominees. 
 (x) Termination of Board Rights. Notwithstanding
the foregoing provisions of this Section 2.1, if, at any time, the Minority Party (together with its Entity Affiliates) shall cease to own at least seven and one half percent (7.5%) of the Equity Voting Power (other than as a result
of falling below such threshold immediately following a Drag-Along Transaction under Section 3.3 herein, as applicable), then (A) such Minority Party shall cease to have the right to designate any director(s) or Board Observer
pursuant to Section 2.1 and the Majority Party shall no longer have any obligation with respect to voting its Voting Securities accordingly, (B) the Minority Party shall cause any and all of its directors to resign from the Board
and any committees (or such director(s) shall be removed from the Board and any committees), as applicable, as soon as practicable and, in any case, prior to the date of the next Board or committee meeting or action by written consent and
(C) the Company shall no longer be obligated to invite or permit Board Observers designated by the Minority Party to attend meetings or have access to information regarding the Company. 

(xi) Subsidiary Boards. If, and solely to the extent that, the Majority Party determines to exercise any right to
designate a member to any board of directors or similar governing body of any Subsidiary of the Company, then the Majority Party and the Minority Party shall each vote their respective Voting Securities so that the number of directors nominated by
each of the Majority Party and the Minority Party to such board or governing body is in proportion to their then respective ownership percentages of the Equity Voting Power, rounded up or down to the nearest whole number. 

(xii) Continued Appointment of Independent Director. Each of Harbinger and Pinnacle shall use its best efforts to
cause their respective directors to, and if necessary to otherwise vote their respective Voting Securities to, ensure that there is at all times at least one Independent Director on the Board and, if at any time, any Independent Director ceases to
be an Independent Director or ceases to be on the Board, the party that nominated such Independent Director shall act promptly to (including causing their respective directors to, and if necessary to otherwise vote their respective Voting
Securities to) appoint a replacement Independent Director in the most expedient manner permitted by Applicable Law and all parties shall take such other action as is necessary to cause the election of the replacement Independent Director.

  

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 Section 2.2 Pinnacle Advisor. In addition to Pinnacle’s right to appoint
the Pinnacle Director(s) and a Board Observer, Pinnacle shall also have the right to appoint, at Pinnacle’s sole cost and expense, an employee of Pinnacle to serve in a senior advisory capacity at the Company, subject to any additional
limitations that may be set forth in any management agreement related to the Ho Tram Project (the “Pinnacle Advisor”). For the avoidance of doubt, (a) the Pinnacle Advisor shall not be deemed to be an employee of the Company,
(b) the Pinnacle Advisor shall not have the right to attend or observe any meetings of the Board or its committees unless and until requested by the Board (unless the Person serving as the Pinnacle Advisor is also a Pinnacle Director or
Pinnacle Board Observer), except for the Operating Committee and the Executive Committee as respectively set forth in Section 2.1(d)(ii)(B) and Section 2.1(d)(iii)(B), and (c) no action taken by the Pinnacle Advisor
shall constitute the act of or otherwise serve to bind the Company. The Company shall give the Pinnacle Advisor copies of all notices, minutes, consents, and other materials that the Company provides to its directors in connection with any Board
meeting, subject to the limitations set forth below in Section 2.3 and provided that the Pinnacle Advisor shall enter into an agreement with the Company providing that he or she shall hold in confidence and trust all information
provided to the Pinnacle Advisor or learned by the Pinnacle Advisor in connection with the rights described herein, except to the extent otherwise required by Applicable Law or any other regulatory process to which Pinnacle, PEI or the Pinnacle
Advisor is subject or except as otherwise permitted under this Agreement. The Pinnacle Advisor may, as it deems necessary or desirable, share all such information with PEI and its Entity Affiliates, and their respective officers, directors,
employees and agents. For the avoidance of doubt, Pinnacle acknowledges that the costs and expenses incurred by the Pinnacle Advisor in connection with their actions undertaken pursuant to this Section 2.2 shall not constitute
reimbursable expenses of the consultant under the Administrative Services Agreement. 
 Section 2.3 Access to
Information. 
 (a) Books and Records. 

(i) All books and records, including all records relating to or reflecting the operations of the Ho Tram Project or any
other Company project, shall be (a) maintained at the principal executive offices of the Company, and (b) made available to Harbinger and Pinnacle, the Harbinger Director(s), the Pinnacle Director(s), the Pinnacle Board Observer and the
Pinnacle Advisor for examination, audit, inspection, and copying at any time; provided, however, that the Board, following deliberations without any of the Pinnacle Director, Pinnacle Board Observer or Pinnacle Advisor in attendance,
reserves the right to withhold any information and to exclude each Pinnacle Director, Pinnacle Board Observer or Pinnacle Advisor, as the case may be, from any meeting or portion thereof if access to such information or attendance at such meeting is
presently or in the future restricted or prohibited by the terms and conditions of any management or other agreement relating to the Ho Tram Project or any other Company project (including, as of the date hereof, the MGM Management Agreement);
provided, however, that the Board (excluding any Pinnacle Director, Pinnacle Board Observer or Pinnacle Advisor) shall instruct management to use its reasonable best efforts to identify and redact any prohibited or restricted
information from any such agreement in an effort to make the remainder of such agreement available to Pinnacle, the Pinnacle Director(s), the Pinnacle Board Observer and the Pinnacle Advisor, and the Board (excluding any Pinnacle Director, Pinnacle
Board Observer or Pinnacle Advisor) shall request that the other party to such management or other agreement agree to minimize or eliminate such restrictions and prohibitions. Upon termination of this Agreement or, if earlier, at such time as either
Harbinger or Pinnacle (together with its respective Entity Affiliates) no longer owns at least seven and one half percent (7.5%) of the Equity Voting Power, all such books and records shall be turned over to the Company immediately and shall
remain the property of the Company, subject to access by such party upon reasonable notice for examination, audit, inspection, and copying solely for purposes of such party’s accounting and tax requirements or the calculation and verification
of amounts remaining due between the Company and such party following such termination. For the avoidance of doubt, nothing contained in this Agreement other than this Section 2.3(a) shall affect or limit the rights to access or inspect
Company information and books and records that either Harbinger or Pinnacle and its respective Director(s) may have under the applicable corporate laws of the Company’s jurisdiction of incorporation or organization. 

  

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 (ii) [Intentionally omitted] 

(iii) Tax Reporting. In addition, the Company shall keep adequate books and records and shall provide Harbinger
and Pinnacle on a timely basis with access to such books and records and with such other information that either reasonably request to enable it to satisfy all its tax reporting obligations arising from its ownership of an interest in the Company
and to make such tax elections as it deems appropriate. Without limiting the generality of the foregoing, such information shall include (A) records of all distributions and other transactions of the Company or any of its subsidiaries,
(B) computations of income, earnings and profits, ordinary earnings, net capital gains, tax basis and foreign taxes, (C) PFIC Annual Information Statements as described in Section 1.1295-1(g) of the Treasury Regulations (or any
successor Treasury Regulations) and any other information reasonably requested to enable Harbinger and/or Pinnacle and their respective Entity Affiliates to elect to treat the Company or any of its subsidiaries as a “QEF” under
Section 1295 of the Code, to continue such qualification as a QEF and to satisfy the Harbinger’s and/or Pinnacle’s and their respective Entity Affiliates’ attendant reporting obligations, and (D) if the Company is or becomes
a “controlled foreign corporation” within the meaning of Section 957 of the Code, such information as the Harbinger and/or Pinnacle and their respective Entity Affiliates reasonably request to satisfy their tax reporting obligations.
The Company shall engage U.S. tax advisors mutually acceptable to Harbinger and Pinnacle, and provide such assistance and cooperation as is reasonably necessary for such U.S. tax advisors to determine the tax basis, allocable share of income,
earnings and profits, ordinary earnings, net capital gains, tax basis and foreign taxes and other tax attributes of the Company relevant to Harbinger’s and Pinnacle’s interest in the Company. 

  

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 (b) Financial Reporting Requirements. 

(i) Without limiting Section 2.3(a), subject to Applicable Law and compliance with Article 8, the
Company will, and will cause its Subsidiaries to furnish promptly to Harbinger and Pinnacle all information concerning the business and properties of the Company and its Subsidiaries, including financial information, as Harbinger or Pinnacle may
reasonably request, to the extent that Harbinger or Pinnacle reasonably concludes that such information is necessary to permit it to comply with any applicable securities laws (including, without limitation, any such reporting obligations under
Sections 13(a) and 15(d) of the Exchange Act or, in the case of Pinnacle, in connection with an offering or sale of debt or equity securities of PEI (or its Affiliates) (as applicable) in an offering registered under the Securities Act or exempt
from such registration, in such form as reasonably requested by Harbinger or Pinnacle, as the case may be, to comply with its respective Exchange Act or Securities Act reporting obligations, which will mean, at a minimum, that the financial
information will either be presented in accordance with U.S. GAAP or in a manner which will permit Harbinger or Pinnacle, as the case may be, to convert such information into financial statements in accordance with U.S. GAAP without incurring
material cost or delay. In addition, the Company shall cause its officers, employees, counsel and public accountants to cooperate with Harbinger and Pinnacle, as the case may be, in connection with their respective compliance with applicable
securities laws or, in the case of Pinnacle, with any offering of PEI’s (or its Affiliate’s) securities (as applicable), including customary assistance in connection with underwritten offerings. 

(ii) In particular, but without limiting the generality of paragraph (b)(i) above, and subject to
Section 2.3(a), the Company will make the following financial information available to Harbinger and Pinnacle and each of their outside independent auditors on a recurrent basis (without need of specific request by Harbinger or Pinnacle)
for examination, audit, inspection, and copying: 
 (A) Monthly unaudited management reports of the Company and
its Subsidiaries, within thirty (30) days after the end of each month; 
 (B) Quarterly unaudited
consolidated financial statements of the Company, within forty (40) days after the end of each fiscal quarter (and with respect to the quarterly unaudited consolidated financial statements and audit report of the Company for the fiscal quarter
ended March 31, 2012 and June 30, 2012, such information will be provided by August 31, 2012, and if not made available by such date, the Company shall provide access to the auditor’s work papers and any and all proposed,
recorded and past audit adjustments on a timely basis); 

  

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 (C) Annual consolidated financial statements of the Company accompanied by
the audit report of the auditor, within ninety (90) days after the end of each fiscal year (and with respect to the annual consolidated financial statements and audit report of the Company for the year ended December 31, 2011, such
information will be provided by August 31, 2012, and if not made available by such date, the Company shall provide access to the auditor’s work papers and any and all proposed, recorded and past audit adjustments on a timely basis); and

 (D) Such non-consolidated financial statements and reports as may be requested by Harbinger or Pinnacle,
acting reasonably; 
 provided, however, that in the event that Harbinger or Pinnacle reports financial results
and financial position of the Company as a consolidated subsidiary, then the Company will use commercially reasonable efforts to provide the foregoing financial information and access to Harbinger’s and Pinnacle’s independent outside
auditors on such shorter time frames as Harbinger and Pinnacle may reasonably specify taking into account their applicable periodic reporting obligations under the Exchange Act. 

ARTICLE 3 

TRANSFERS AND RELATED COVENANTS 
 Section 3.1 Transfer Restrictions. 
 (a) Harbinger and Pinnacle
Restrictions. Transfers of Securities held by either Harbinger or Pinnacle shall be subject to the following provisions: 
 (i) Each of Harbinger and Pinnacle may Transfer its Securities (x) as permitted under and in accordance with the terms and conditions of Section 3.2 and (y) pursuant to a pro rata
optional redemption by the Company of any Securities that, by their terms, may be redeemed by the Company at its option. 
 (ii) Each of Harbinger and Pinnacle shall be permitted to Transfer Securities to a parent, subsidiary, Affiliate or other legal entity, in each case, that directly or indirectly “controls”, is
controlled by or is under common control with, Harbinger or Pinnacle, as applicable (such an entity or person, an “Entity Affiliate”) without restriction (including, without limitation, any of the Transfer restrictions contained in
this Article 3). For purposes of this provision, the holding of at least fifty-one percent (51%) of the equity or voting interest of an entity, or the direct or indirect ability to direct or cause the direction of the management of
the business and affairs of an entity, shall be deemed to constitute “control”. 
 (iii)
Unsuitability. 

  

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 (A) If, at any time any Gaming Problem in Vietnam exists for the Company as
a result of issues relating to the Majority Party, the following provisions shall apply: 
 (1) For as long a
period as the Vietnam Gaming Authority will permit (the “Majority Party Cure Period”), the Majority Party must use commercially reasonable efforts to cure all regulatory concerns giving rise to the Gaming Problem. During such
period, the Minority Party shall not partake in any discussions or negotiations with the regulator in question without the Majority Party’s consent, except as may be required by Applicable Law or such regulator (and in the event that the
Minority Party is so required to partake in discussions or negotiations with such regulator, the Minority Party shall give the Majority Party such advance notice of such discussions or negotiations as is reasonably practicable and use commercially
reasonable efforts to seek permission from the applicable regulator in question for the Majority Party to jointly participate in such discussions or negotiations). 

(2) During the Majority Party Cure Period, and for as long a period as the Vietnam Gaming Authority will permit (not to
exceed six (6) months after the expiration of the Majority Party Cure Period, unless the Majority Party and the Minority Party mutually agree on a longer period) (the “Majority Party Sale Period”), the Majority Party shall be
permitted to sell to an unaffiliated third party its Securities (including in a sale to a third party of all of the outstanding Equity Securities in the Company), in each case subject to the Minority Party’s right of first negotiation under
Section 3.5 and such six (6) month period after the expiration of the Majority Party Cure Period shall not commence until the Minority Party’s right of first negotiation shall have expired. 

(3) During the Majority Party Cure Period and the Majority Party Sale Period, the Majority Party will use its
commercially reasonable efforts to take such action as is reasonably necessary and permitted by the Vietnam Gaming Authority in order to seek to preserve the value of the Company, including, as determined in the Majority Party’s sole discretion
and to the extent not otherwise required by the Vietnam Gaming Authority, Transferring its Securities to a Divestiture Trust. Following one hundred and eighty (180) days after the termination of the Majority Party Cure Period, the Minority
Party or the Company may direct the Majority Party to transfer its Securities to a Divestiture Trust. 
 (4)
Following the expiration of the Majority Party Sale Period, the Minority Party shall be provided with as long a period as the Vietnam Gaming Authority will permit (not to exceed six (6) months after the expiration of the Majority Party Sale
Period, unless the Majority Party and the Minority Party mutually agree on a longer period) (the “Minority Party Sale Period”) in which to sell to an unaffiliated third party its Securities, subject to the Majority Party’s
right of first negotiation under Section 3.5 and such six (6) month period after the expiration of the Majority Party Sale Period shall not commence until the Majority Party’s right of first negotiation under
Section 3.5 shall have expired. 

  

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 (5) Following the expiration of the Minority Party Sale Period, if a sale
of the Minority Party’s Securities has not been effected (or a definitive agreement with respect thereto has not been executed), or at such earlier time if the Vietnam Gaming Authority so requires, the Minority Party shall have the right,
exercisable over a period of ninety (90) days following the expiration of the Minority Party Sale Period (which ninety (90) day period shall commence on the earlier of (x) the next Business Day following a period of six
(6) months from the commencement of the Minority Party Sale Period, or (y) the date on which written notice from the Company or HTPCL, as applicable, to the Minority Party is received to the effect that the Vietnam Gaming Authority has not
permitted the Minority Party Sale Period to run a full six (6) months or the Vietnam Gaming Authority requires the period for the Minority Party’s right to require the Company to purchase its Securities to commence earlier), to require the
Company to purchase all, but not less than all, of its Securities, unless prior to the expiration of such ninety (90) day period the Majority Party transfers its Securities to such a Divestiture Trust, in which case (I) such ninety
(90) day period shall be tolled, and (II) the Minority Party shall not have a right to require the Company to purchase all of the Minority Party’s Securities, in each such case of clauses (I) and (II), so long as the Majority
Party’s Securities are held by such a Divestiture Trust and the Vietnam Gaming Authority permits the continuation of such holding by the Divestiture Trust. If the Minority Party exercises such right, the Company shall repurchase such Securities
at an aggregate purchase price equal to the amount initially allocated thereto as of the date of the Minority Party’s purchase of such Securities (the “Purchase Price”). The form of consideration to be paid by the Company may,
in the Company’s sole discretion, be either cash or one or more promissory notes issued to the Minority Party by the Company (A) in an aggregate principal amount equal to the Purchase Price, (B) bearing no interest, (C) having a
term of thirty-six (36) months, and (D) which, subject to receipt of any approval required under any Gaming Laws, shall be secured by a first priority security interest, in form and substance reasonably satisfactory to the Minority Party,
in such Securities. 
 (B) If, at any time any Gaming Problem in the United States of America exists for the
Majority Party or the Minority Party, as applicable (such party with such Gaming Problem, the “Affected Party”, and the other party which is not the Affected Party, the “Non-Affected Party”) as a result of issues
relating to the Company, the following provisions shall apply: 
 (1) For as long a period as the relevant U.S.
Gaming Authority will permit (the “Affected Party U.S. Cure Period”), the Company must use reasonable best efforts to cure all regulatory concerns giving rise to the Gaming Problem. During such period, the Company shall not partake
in any discussions or negotiations with the applicable regulator in question without the Affected Party’s consent, except as may be required by Applicable Law or such regulator (and in the event that the Company is so required to partake in
discussions or negotiations with such regulator, the Company shall give the Affected Party such advance notice of such discussions or negotiations as is reasonably practicable and use commercially reasonable efforts to seek permission from the
regulator in question for the Affected Party to jointly participate in such discussions or negotiations). 

  

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 (2) During the Affected Party U.S. Cure Period, and for as long a period as
the relevant U.S. Gaming Authority will permit, the Affected Party shall be permitted to sell to an unaffiliated third party its Securities, subject to the Non-Affected Party’s right of first negotiation under Section 3.5.

 (C) If, at any time any Gaming Problem in the United States of America exists for the Affected Party as a
result of issues relating to the Non-Affected Party, the following provisions shall apply: 
 (1) For as long a
period as the relevant U.S. Gaming Authority will permit (the “Non-Affected Party U.S. Cure Period”), such Non-Affected Party must use commercially reasonable efforts to cure all regulatory concerns giving rise to such Gaming
Problem, including, without limitation, cooperating with the Affected Party to provide such U.S. Gaming Authority such information about the Non-Affected Party as the Affected Party may reasonably request and to partake in discussions with such U.S.
Gaming Authority to the extent requested by the Affected Party. During such period, the Non-Affected Party shall not partake in any discussions or negotiations with such U.S. Gaming Authority without the Affected Party’s consent, except as may
be required by Applicable Law or such regulator (and in the event that the Non-Affected Party is so required to partake in discussions or negotiations with such regulator, the Non-Affected Party shall give the Affected Party such advance notice of
such discussions or negotiations as is reasonably practicable and use commercially reasonable efforts to seek permission from the regulator in question for the Affected Party to jointly participate in such discussions or negotiations). 

(2) During the Non-Affected Party U.S. Cure Period, and for as long a period as the relevant U.S. Gaming Authority will
permit (the “Affected Party U.S. Sale Period”), the Affected Party shall be permitted to (a) sell its Securities to an unaffiliated third party, subject to the Non-Affected Party’s right of first negotiation under
Section 3.5, and/or (b) transfer its Securities to a Divestiture Trust (and may continue any efforts to attempt to sell its Securities while such Securities remain in such Divestiture Trust). 

(3) In addition, at any time following the Non-Affected Party U.S. Cure Period, the Affected Party shall have the right
to require the Company to purchase all, but not less than all, of its Securities. If the Affected Party exercises such right, the Company shall repurchase such Securities at the Purchase Price within thirty (30) days of the exercise of such
right. The form of consideration to be paid by the Company shall be cash; provided, however, the Company may, in its sole discretion, pay the consideration for such purchase by issuing one or more promissory notes to the Affected Party
(a) in an aggregate principal amount equal to the Purchase Price, (b) bearing no interest, (c) with the term (with payment in full being due on the last day of the term) being a period of time equal to five (5) years;
provided, however, that such five (5) year term shall be reduced by that number of days that is equal to the number of days after the expiration of the Non-Affected Party U.S. Cure Period; provided, further, that in no event shall
the period of such term be less than three (3) years, and (d) which, subject to receipt of any approval required under any Gaming Laws, shall be secured by a first priority security interest, in form and substance reasonably satisfactory
to the Affected Party, in such Securities. 

  

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 (D) If, at any time any Gaming Problem in Vietnam exists for the Company as
a result of issues relating to the Minority Party, the following provisions shall apply: 
 (1) For as long a
period as the Vietnam Gaming Authority will permit (the “Minority Party Cure Period”), the Minority Party must use commercially reasonable efforts to cure all regulatory concerns giving rise to such Gaming Problem. During such
period, the Majority Party shall not partake in any discussions or negotiations with the applicable regulator in question without the Minority Party’s consent, except as may be required by Applicable Law or such regulator (and in the event that
the Majority Party is so required to partake in discussions or negotiations with such regulator, the Majority Party shall give the Minority Party such advance notice of such discussions or negotiations as is reasonably practicable and use
commercially reasonable efforts to seek permission from the regulator in question for the Minority Party to jointly participate in such discussions or negotiations). 

(2) Following the expiration of the Minority Party Cure Period, and for as long a period as the Vietnam Gaming Authority
will permit (the “Minority Party Vietnam Sale Period”), the Minority Party shall be required to use commercially reasonable efforts to attempt to sell its Securities to an unaffiliated third party, subject to the Majority
Party’s right of first negotiation under Section 3.5. 
 (3) During the Minority Party Cure
Period and at any time thereafter, the Minority Party may transfer its Securities to a Divestiture Trust. The Minority Party’s Securities may remain in such a Divestiture Trust while the Minority Party continues any efforts to attempt to sell
its Securities during the Minority Party Vietnam Sale Period. 
 (4) Following the expiration of the Minority
Party Vietnam Sale Period, if a sale of the Minority Party’s Securities has not been effected (or a definitive agreement with respect thereto has not been executed) and if the Minority Party’s Securities are not then currently held by a
Divestiture Trust, the Majority Party shall have the right, exercisable over a period of ninety (90) days (which ninety (90) day period shall commence on that date written notice from the Company or HTPCL, as applicable, to the Minority
Party is received to the effect that the Vietnam Gaming Authority has not permitted the Minority Party Sale Period to continue) to purchase all, but not less than all, of the Minority Party’s Securities immediately following the expiration of
such ninety (90) day period, unless prior to the expiration of such ninety (90) day period the Minority Party transfers its Securities to such a Divestiture Trust, in which case (a) such ninety (90) day period shall be tolled,
and (b) the Majority Party shall not have a right to purchase all of the Minority Party’s Securities, in each such case of clauses (a) and (b), so long as such Securities are held by such a Divestiture Trust and the Vietnam Gaming
Authority permits the continuation of such holding by the Divestiture Trust. In the exercise of any such purchase right, the purchase price for such Securities by the Majority Party shall be the Purchase Price for such Securities. The form of
consideration to be paid by the Majority Shareholder shall be cash; provided, however, that the Majority Party may, in its sole discretion, pay the consideration for such purchase by issuing one or more promissory notes to the Minority
Party (a) in an aggregate principal amount equal to the Purchase Price, (b) bearing no interest, (c) with the term (with payment in full being due on the last day of the term) being a period of time equal to five (5) years;
provided, however, that such five (5) year term shall be reduced by that number of days that is equal to the number of days after the expiration of the Minority Party Cure Period; provided, further, that in no event
shall the period of such term be less than three (3) years, and (d) which, subject to receipt of any approval required under any Gaming Laws, shall be secured by a first priority security interest, in form and substance reasonably
satisfactory to the Minority Party, in such Securities. 

  

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 (5) Following the expiration of the ninety (90) day period set forth
in Section 3.1(a)(iii)(D)(4) above, the Majority Party or the Company may direct the Minority Party to transfer its Securities to a Divestiture Trust. 

(E) Notwithstanding anything to the contrary set forth in this Section 3.1(a)(iii), immediately upon such
time that the Company, the Majority Party or Minority Party, as applicable, has taken any action which the applicable regulator in question confirms has fully and finally remediated the Gaming Problem or otherwise causes such regulator to withdraw
or discontinue its investigation or pursuit of any action with respect to such Gaming Problem, the rights and obligations of the Company, the Majority Party and/or Minority Party, as applicable, with respect to the Transfer of Securities pursuant to
clauses (A) through (D) above, and arising as a result of such Gaming Problem, shall immediately terminate, it being acknowledged and agreed that all of such rights and obligations shall remain fully applicable to any other Gaming Problem
that may have arisen or may thereafter arise. 
 (F) In furtherance of the foregoing and in connection with a
Transfer of Securities pursuant to this Section 3.1(a)(iii), the Company shall provide, and shall cause its Subsidiaries, and shall use its reasonable best efforts to cause each of its and their respective representatives, including
legal, tax, regulatory and accounting, to provide, all cooperation reasonably requested by the Majority Party or the Minority Party, as applicable, in their capacity as a Transferring party in accordance with the terms of this
Section 3.1(a)(iii), which cooperation shall include (1) providing, as promptly as practicable, to the Transferring party all financial and other information regarding the Company and its Subsidiaries (including information
regarding the business, operations, financial projections and prospects of the Company) as may be reasonably requested by the Transferring party to assist in preparation of customary materials to be used for the completion of the Transfer, except as
may be limited by Section 2.3, (2) affording prospective purchasers access to the Company’s senior management, including due diligence sessions (including accounting due diligence sessions), (3) executing and delivering
(or using reasonable best efforts to obtain from its advisors), and causing its Subsidiaries to execute and deliver (or use reasonable best efforts to obtain from the advisors of such Subsidiaries), customary certificates as to valid existence,
incumbency and due authorization, or other documents and instruments related to such Transfer as may be reasonably requested by the Transferring party as necessary and customary in connection with such a Transfer, and (4) using its reasonable
best efforts, to have its independent accountants provide their reasonable cooperation in connection with such Transfer. 

  

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 (iv) Constating Documents. 

(A) To the extent any Transfer is permitted pursuant to the terms of this Agreement, the Company shall use reasonable
best efforts, including without limitation taking all such steps as may reasonably be within its powers, to permit such Transfer to be effected in compliance with the terms of this Agreement and the Constating Documents. 

(B) The Company, Harbinger and Pinnacle shall each use their respective reasonable best efforts, including without
limitation taking all such steps as may reasonably be within their respective powers (including, with respect to each of Harbinger and Pinnacle, voting its respective Voting Securities (or, if more convenient, executing written shareholders’
consent resolutions), so as to cause any Transfer permitted under this Agreement to be deemed a permissible Transfer under Section 2.11 of the Articles of the Company. 

(C) The Company represents and warrants to Harbinger and Pinnacle that the Board has resolved, by all required corporate
action, that any Transfer permitted under this Agreement shall be deemed a permissible Transfer under Section 2.11 of the Articles of the Company and that such Board approval shall satisfy the requirement to obtain the approval of the Board for
purposes of Section 2.11 of the Articles of the Company. In addition, the parties hereto agree, in their capacity as holders of a majority of the Common Shares, that any Transfer permitted under this Agreement is hereby approved by them and
shall therefore be a permissible Transfer under Section 2.11 of the Articles. 
 (b) Additional Harbinger Transfer
Provisions. In addition to Section 3.1(a) and Section 6.4, Transfers of Securities held by Harbinger shall also be subject to the following provisions: 

(i) Subject to Pinnacle’s right to Transfer its Securities pursuant to Section 3.2, or to acquire
Harbinger’s Securities pursuant to Section 3.5, Harbinger shall be entitled to Transfer and assign in whole or in part to an unaffiliated third party any or all of its Securities, and any or all of its right, title and interest in
and to, and all of its obligations under or in respect of, this Agreement and any such Securities or other agreement or instrument, without restriction and without the consent of the Company or any other Person. 

(c) Additional Pinnacle Transfer Provisions. In addition to Section 3.1(a), Transfers of Securities held by Pinnacle
shall also be subject to the following provisions: 
 (i) For as long as Pinnacle is the Minority Party and
except as otherwise permitted pursuant to this Article 3, Pinnacle shall not Transfer Securities unless such Transfer is specifically approved by the Board and Harbinger, each in their sole discretion. 

  

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 (ii) Following the earlier of (A) the first anniversary of the Opening
Date of the First Gaming Resort and (B) August 8, 2015, subject to Harbinger’s right to Transfer its Securities pursuant to Section 3.2, Pinnacle shall be entitled to Transfer and assign in whole or in part to an unaffiliated
third party any or all of its Securities, and any or all of its right, title and interest in and to, and all of its obligations under or in respect of, this Agreement and any such Securities or other agreement or instrument, without restriction and
without the consent of the Company or any other Person. 
 (iii) Pinnacle shall be required to Transfer its
Equity Securities under and in accordance with the terms and conditions of Section 3.3. 
 (iv)
Pinnacle may, in its sole discretion, elect to Transfer its remaining Securities under and in accordance with the terms and conditions of Section 3.4. 

(v) Pinnacle may, in its sole discretion, elect to Transfer its remaining Securities under and in accordance with the
terms and conditions of Section 6.1(c). 
 (vi) Pinnacle and its Entity Affiliates may, in their
sole discretion, elect to Transfer Securities or transfer interests in Pinnacle to PEI’s stockholders or to conduct an initial public offering of interests of Pinnacle, in each case to the extent that such action (A) is previously
consented to in writing by the Board (which consent shall not be unreasonably withheld), (B) occurs from and after such time as any class of the Equity Securities is traded on an established trading market (including, without limitation, the
Hong Stock Exchange, Singapore Stock Exchange or Toronto Stock Exchange), and (C) is not effected until following the earlier of (1) the first anniversary of the Opening Date of the First Gaming Resort, and (2) August 8, 2015.

 (d) Related Provisions. 
 (i) Notwithstanding anything to the contrary in this Agreement, no Transfers shall be permitted by either Harbinger or Pinnacle (A) if such Transfer would violate any Applicable Law or involve a
Transfer to a Non-Qualified Person, (B) without the prior written consent of the Board and the Majority Party, if such Transfer would impair a material license or regulatory approval of the Company (or any of its Subsidiaries) or cause a change
of control of any such license without the Company having received all required approvals of Governmental Authorities and other required approvals, or (C) without the prior written consent of the Board (which shall not be unreasonably withheld)
if such Transfer would cause the Company or its Subsidiaries to be subject to the reporting requirements of the Exchange Act. 
 (ii) Any transferee or Entity Affiliate of Harbinger or Pinnacle, as applicable, that after the date of this Agreement acquires any Securities in a Transfer or other acquisition in accordance with the
terms and conditions of this Agreement shall, as a condition precedent to effectiveness of the Transfer or other acquisition of such Securities, (A) become a party to this Agreement by completing and executing a counterpart signature page or
joinder to this Agreement in a form reasonably satisfactory to the Company and the Majority Party, (B) assume the rights and obligations under this Agreement of the transferor of such Securities as they relate to such transferred Securities
(including without limitation the transfer restrictions set forth in Article 3 and the preemptive rights set forth in Article 4), (C) execute all such other agreements or documents as may reasonably be requested by the Company and
the Majority Party, (D) obtain all regulatory approvals needed in connection with such Transfer or acquisition, (E) deliver such signature page and, if applicable, other agreements and documents to the Company, and (F) to the extent
the Transfer and/or other acquisition of Securities by such transferee or Entity Affiliate results in such transferee or Entity Affiliate, together with its Entity Affiliates, owning at least fifty percent (50%) of the Equity Voting Power,
reaffirm in writing the effectiveness of the Pinnacle Management Agreement in accordance with its terms. Such Person shall, upon satisfaction of such conditions and its acquisition of such Securities in compliance with this Agreement, be a party to
this Agreement for all purposes hereunder. 

  

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 (iii) Any Transfer constituting a pledge of Securities or other grant of a
lien or security interest therein, directly or indirectly, for any debt or other obligation must be made pursuant to a bona fide credit agreement, loan agreement, indenture or other agreement pursuant to which credit is extended or made available by
an unaffiliated third party to the party making such pledge or granting such lien or security interest. For purposes of clarity, the Parties acknowledge that the Securities may not be pledged in violation of the foregoing sentence. 

(iv) In the event of a Transfer constituting a pledge of Securities or other grant of a lien or security interest
therein, directly or indirectly, the beneficiary of such pledge, lien or security interest, in lieu of executing a joinder to become a party hereto, shall execute and deliver a joinder agreeing to be bound by all of the provisions of this Agreement
with respect to the Securities so pledged or subjected to such lien or security interest, except as otherwise provided in Section 3.2(f)(ii), Section 3.3(f) and Section 3.5(a). 

(v) Any Transfer or attempted Transfer of Securities in violation of any provision of this Agreement shall be null and
void. 
 Section 3.2 Tag-Along Right. 
 If either the Majority Party (to the extent the Majority Party does not elect to exercise its Drag-Along rights in full under Section 3.3) or the Minority Party or their respective Entity
Affiliates (as the case may be, such party, together with its Entity Affiliates, is referred to as the “Transferring Seller”) proposes to Transfer any particular series or class of a Security (such specific series or class of
Security, a “Tag-Along Security”) that it holds directly or indirectly to any Person other than an Entity Affiliate of Harbinger or Pinnacle, as the case may be (the “Third-Party Offeror”), in a bona fide
transaction (the “Tag-Along Sale”), then the other party that is not the Transferring Seller, together with its Entity Affiliates (such other party, together with its Entity Affiliates, the “Tag-Along Party”), shall
have the right to participate in all Transfers of Tag-Along Securities by the Transferring Seller to the Third-Party Offeror on the following terms and conditions: 

  

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 (a) Mechanics. 

(i) If the Transferring Seller has received an offer (including a preliminary indication of interest) relating to
potential Tag-Along Sale, the Transferring Seller shall promptly, but no later than two (2) Business Days following receipt of such offer (including a preliminary indication of interest) by the Third Party Offeror, notify the Tag-Along Party in
writing (A) specifying (to the extent such information is known to the Transferring Seller) (i) the name and address of the Third-Party Offeror intending to purchase the Tag-Along Securities, (ii) the amount of Tag-Along Securities
proposed to be purchased and the purchase price the Third-Party Offeror is willing to pay for such Tag-Along Securities to be purchased and the other material terms and conditions of the Tag-Along Sale, and (iii) that the Tag-Along Party has
the rights provided under this Section 3.2 in respect of the proposed Tag-Along Sale and (B) attaching copies of any written documentation embodying or relating to such offer (the “Preliminary Tag-Along Notice”).

 (ii) If such offer has developed into a reasonably definitive proposal for a Tag-Along Sale and the
Transferring Seller intends to proceed with the Tag-Along Sale, the Transferring Seller shall promptly, but no later than two (2) Business Days following receipt or conveyance of such reasonably definitive proposal, notify the Tag-Along Party
in writing (A) specifying (i) the name and address of the Third-Party Offeror intending to purchase the Tag-Along Securities, (ii) the amount of Tag-Along Securities proposed to be purchased and the purchase price the Third-Party
Offeror is willing to pay for such Tag-Along Securities to be purchased and the other material terms and conditions of the Tag-Along Sale, and (iii) that the Tag-Along Party has the rights provided under this Section 3.2 in respect
of the proposed Tag-Along Sale and (B) attaching copies of all written documentation relating to such proposed Tag-Along Sale (the “Tag-Along Notice”). 

(iii) The right of a Tag-Along Party to participate in a Tag-Along Sale may be exercised by delivery of a written notice
to the Transferring Seller (the “Tag-Along Acceptance Notice”) within twenty (20) Business Days following receipt of the Tag-Along Notice or, if later and if applicable, within twenty-five (25) Business Days of receipt of
the Majority Party’s written notice to the Minority Party under Section 6.2(b)(ii)(B)(7)(b) of the Majority Party’s or its Entity Affiliates’ proposed sale, Transfer or other disposition of Financing Securities. The
Tag-Along Acceptance Notice shall state the number or amount of Tag-Along Securities that such Tag-Along Party wishes to include in such Tag-Along Sale to the Third-Party Offeror (which shall not be in excess of the applicable Pro Rata Tag-Along
Portion). Upon the giving of a Tag-Along Acceptance Notice, such Tag-Along Party shall be entitled and obligated to sell the Tag-Along Securities set forth in the Tag-Along Acceptance Notice to the Third-Party Offeror on the terms set forth in the
Tag-Along Notice, and the Transferring Seller shall not consummate the sale of any Tag-Along Securities to the Third Party Offeror if the Third Party Offeror does not purchase all Tag-Along Securities which each Tag-Along Party desires to sell
(which shall not be in excess of the applicable Pro Rata Tag-Along Portion or the Adjusted Majority Party Pro Rata Tag Along Portion) pursuant to this Section 3.2. 

  

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 (b) Amount to be Sold. The Tag-Along Party shall be entitled to sell to the
Third-Party Offeror, in conjunction with the closing of the Third-Party Offeror’s purchase of Tag-Along Securities from the Transferring Seller, up to that portion of its Tag-Along Securities determined by: 

(i) with respect to Tag-Along Securities other than Company Debt, multiplying (A) the number of Tag-Along Securities
that are held by the Tag-Along Party by (B) the quotient obtained by dividing (1) the number of Tag-Along Securities to be sold to the Third-Party Offeror by the Transferring Seller by (2) the total number of Tag-Along Securities then
held by the Transferring Seller; provided, however, that in the event that the Minority Party and/or one or more of its Entity Affiliates is the Transferring Seller and immediately prior to the consummation of any such Tag Along Sale
the Minority Party and its Entity Affiliates collectively own thirty-three percent (33%) or less of the voting power of the outstanding Voting Securities at such time of determination, the Majority Party and its Entity Affiliates shall only be
permitted to Transfer fifty percent (50%) of the total number of Tag-Along Securities to be sold to the Third-Party Offeror that the Majority Party and its Entity Affiliates would otherwise have been permitted to Transfer in such Tag-Along Sale
under the formula described in this sentence excluding this proviso (the “Adjusted Majority Party Pro Rata Tag Along Portion”); 
 (ii) with respect to Company Debt, multiplying (A) the principal amount of outstanding Company Debt held by and accrued and unpaid interest owed to the Tag-Along Party by (B) the quotient
obtained by dividing (1) the principal amount of outstanding Company Debt to be sold to the Third-Party Offeror by the Transferring Seller by (2) the aggregate principal amount of outstanding Company Debt held by and accrued and unpaid
interest owed to the Transferring Seller; and 
 (iii) the Transferring Seller shall use its commercially
reasonable efforts to include in the proposed Tag-Along Sale to the Third-Party Offeror all of the Tag-Along Securities that the Tag-Along Party has requested to have included pursuant to the applicable Tag-Along Acceptance Notice, it being
understood that the Third-Party Offeror shall not be required to purchase Tag-Along Securities in excess of the number set forth in the Tag-Along Notice. In the event the Third-Party Offeror elects to purchase less than all of the Tag-Along
Securities sought to be sold by the Transferring Seller and the Tag-Along Party, the number of Tag-Along Securities to be Transferred to the Third-Party Offeror by the Transferring Seller and the Tag-Along Party shall be reduced so that each such
shareholder is entitled to sell its Pro Rata Tag-Along Portion of the number of Tag-Along Securities the Third-Party Offeror elects to purchase (which in no event may be less than the number of Securities set forth in the Tag-Along Notice). For
purposes of this Section 3.2, the “Pro Rata Tag-Along Portion” shall mean: 
 (A)
Tag Along Securities other than Company Debt: with respect to the number of Tag-Along Securities other than Company Debt to be sold by each shareholder (whether the Transferring Seller or the Tag-Along Party, as the case may be), the number
of Tag-Along Securities other than Company Debt equal to the product of (1) the total number of Tag-Along Securities that the Third-Party Offeror proposes to purchase and (2) a fraction (x) the numerator of which is equal to the
number of Tag-Along Securities then held by such shareholder and (y) the denominator of which is equal to the number of Tag-Along Securities then held collectively by the Transferring Seller and the Tag-Along Party; provided,
however, that in the event that the Minority Party and/or one or more of its Entity Affiliates is the Transferring Seller and immediately prior to the consummation of any such Tag Along Sale the Minority Party and its Entity Affiliates
collectively own thirty-three percent (33%) or less of the voting power of the outstanding Voting Securities at such time of determination, the Majority Party and its Entity Affiliates shall only be permitted to Transfer the Adjusted Majority
Party Pro Rata Tag Along Portion (but for purposes of applying that definition in this section, using the formula described in this sentence excluding this proviso); and 

  

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 (B) Company Debt: with respect to the amount of Company Debt to be
sold by each shareholder (whether the Transferring Seller or the Tag-Along Party, as the case may be), the amount of Company Debt equal to the product of (1) the total amount of outstanding Company Debt that the Third-Party Offeror proposes to
purchase and (2) a fraction (x) the numerator of which is equal to the principal amount of outstanding Company Debt held by and accrued and unpaid interest owed to such shareholder and (y) the denominator of which is equal to the
principal amount of outstanding Company Debt held by and accrued and unpaid interest owed collectively to the Transferring Seller and the Tag-Along Party. 
 (c) Consideration to be Received. The consideration to be received by the Tag-Along Party shall be the same form and amount of consideration per Tag-Along Security to be received by the
Transferring Seller, and the terms and conditions of the Tag-Along Sale shall be the same as those upon which the Transferring Seller sells its Tag-Along Securities. 
 (d) Related Documentation. 
 (i) In connection with the
transaction contemplated by Section 3.2, each Tag-Along Party will agree to make substantially the same customary representations, covenants, indemnities and agreements as the Transferring Seller so long as they are made severally and
not jointly and the liabilities thereunder are borne on a pro rata basis based on the consideration to be received by the Transferring Seller; provided that (A) any general indemnity given by the Transferring Seller, applicable to
liabilities not specifically related to the Transferring Seller or its ownership of the respective Tag-Along Securities to be Transferred by it, to the Third-Party Offeror in connection with the Tag-Along Sale shall be apportioned with the Tag-Along
Party according to the consideration received by each of the Transferring Seller and the Tag-Along Party, (B) the aggregate liability of any such Transferring Seller or the Tag-Along Party in connection with such representations, covenants,
indemnities and agreements shall not exceed such party’s net proceeds from the Tag-Along Sale, and (C) any representation and indemnification obligation relating specifically to a Transferring Seller or the Tag-Along Party, its respective
Tag-Along Securities and/or its respective authorization, execution and delivery of agreements and instruments in connection with the Tag-Along Sale to the Third-Party Offeror shall be made and borne only by such party. 

  

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 (ii) Each Tag-Along Party shall execute and deliver all agreements and other
documents as the Transferring Seller executes and delivers in connection with the Tag-Along Sale if so required by the Transferring Seller. 
 (e) Fees and Expenses. Harbinger and Pinnacle shall each pay its own fees and expenses incurred in connection with a Tag-Along Sale under this Section 3.2, to the extent not paid or
reimbursed by the Company or the Third-Party Offeror. 
 (f) Application of Tag-Along. 

(i) This Section 3.2 shall not apply to any Transfer of Equity Securities in a Drag-Along Transaction for
which the Transferring Seller shall have elected to exercise its rights under Section 3.3 or an Exit Sale for which Pinnacle shall have elected to exercise its rights under Section 3.4 (except to the extent expressly provided
otherwise in Section 3.4) or to a Transfer described in Section 3.1(a) hereof or in Section 3.1(c)(vi) hereof. 
 (ii) Notwithstanding anything to the contrary in this Section 3.2, in the event that (A) any party hereto enters into or executes a Transfer constituting a pledge of Securities or other
grant of a lien or security interest therein, directly or indirectly, or (B) there is a further Transfer of the Securities so pledged or subjected to such lien or security interest pursuant to a foreclosure on such pledge, lien or security
interest, or a Transfer in lieu of foreclosure (any such further Transfer pursuant to a pledge, lien or security interest, a “Subsequent Transfer”), this Section 3.2 (other than Section 3.2(f)(ii)) shall not
apply to any such Transfer or Subsequent Transfer. For purposes of clarity, the transferee in any Subsequent Transfer shall comply with Section 3.1(d)(ii) and be and become bound by the provisions of this Agreement, including without
limitation this Section 3.2. 
 (iii) With respect to warrants, options, stock appreciation rights
or similar rights with an exercise privilege or a settlement payment or mechanism at a price related to any class or series of Securities or with a value derived in whole or in part from the value of any series or class of Securities, which
warrants, options, stock appreciation rights or similar rights do not contain any preferences, rights or obligations, other than the right to acquire, settle at a price related to or with a value derived in whole or in part from the value of, such
underlying Securities (a “Derivative Instrument”), such Derivative Instruments shall be included within the definition of Tag-Along Securities for purposes of this Section 3.2. As a result of the foregoing sentence, in
the event that the Transferring Seller seeks to Transfer Derivative Instruments pursuant to this Section 3.2, the Tag Along Party shall have the right to participate in such Transfer of Derivative Instruments by Transferring to the Third
Party Offeror the number or amount of Derivative Instruments and/or Securities underlying such Derivative Instruments as calculated under Section 3.2(b)(i) or 3.2(b)(iii), as applicable; provided, that for purposes of that
calculation, Securities underlying such Derivative Instruments and such Derivative Instruments shall be treated as equivalent Tag Along Securities. The consideration to be received by the Tag Along Party in this context shall be the same form and
amount of consideration (as adjusted, as necessary, to account for the lack of an exercise price associated with the Securities underlying such Derivative Instruments being Transferred and to account for the value per unit of the Securities
underlying such Derivative Instrument where such Derivative Instrument is exercisable for or relates to more than one unit of the Securities underlying such Derivative Instrument) per Tag Along Security to be received by the Transferring Seller, and
the terms and conditions of the Tag Along Sale shall be the same as those upon which the Transferring Seller sells its Tag-Along Securities. 

  

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 (iv) For purposes of this Section 3.2, Common Shares and Class
VII Non-Voting Shares shall be deemed equivalent and treated as the same series or class of Securities when determining the Tag-Along Security provided that (A)(1) if a Transferring Seller proposes to Transfer Common Shares or Class VII
Non-Voting Shares in the relevant Tag-Along Sale, the Tag-Along Party’s right to participate in such Tag-Along Sale shall first apply to the precise class of shares which the Transferring Seller proposes to Transfer (either Common Shares or
Class VII Non-Voting Shares), to the extent held by such Tag-Along Party and (2) only once such Tag-Along Party has included all shares it holds, if any, of such precise class of shares in such Tag-Along Sale, shall the Tag-Along Party be
permitted to include shares of such other deemed equivalent class of shares in such Tag-Along Sale, (B) if the Transferring Seller proposes to Transfer both Common Shares and Class VII Non-Voting Shares in the relevant Tag-Along Sale, the
Tag-Along Party, if it chooses to participate in such Tag-Along Sale, shall include in such sale Common Shares and Class VII Non-Voting Shares in the closest proportion (in relation to each other) as possible to the proportion of Common Shares and
Class VII Non-Voting Shares (in relation to each other) being Transferred by the Transferring Seller and, to the extent that such Tag Along Party does not hold enough shares of a particular precise class to meet such proportion, may include shares
of the other deemed equivalent class of shares in such Tag-Along Sale and (C) for purposes of this Section 3.2, all classes of Company Debt having the same seniority shall be treated as the same series or class of Securities when
determining the Tag-Along Security. 
 Section 3.3 Drag-Along Right. 

(a) General. 
 (i) If (A) Harbinger by itself or together with any other holder(s) of Equity Securities proposes to Transfer Equity Securities which collectively represent more than fifty percent (50%) of the
Equity Voting Power in a single or series of substantially related transactions to an unaffiliated third party (a transaction in which this Section 3.3(a)(i) is applicable, a “Drag-Along Transaction”) and (B), then if
requested by Harbinger, Pinnacle (unless it then owns Equity Securities representing thirty-three percent (33%) or more of the Equity Voting Power) shall be required to sell its Pro Rata Drag-Along Portion of its Equity Securities in the
Drag-Along Transaction pursuant to this Section 3.3. For purposes hereof, the “Pro Rata Drag-Along Portion” means that portion of Securities determined by multiplying (A) the number of Common Shares and Class VII
Non-Voting Shares on a Fully Diluted Basis that are held by Pinnacle by (B) the quotient obtained by dividing (1) the number of Common Shares and Class VII Non-Voting Shares on a Fully Diluted Basis to be sold to the purchaser by Harbinger
(and such other holders, as applicable) by (2) the total number of Common Shares and Class VII Non-Voting Shares on a Fully Diluted Basis then held by Harbinger (and such other holders, as applicable). As near as possible, composition of the
Pinnacle’s Pro Rata Drag-Along Portion as between Common Shares and Class VII Non-Voting Shares shall match the proportion of Common Shares and Class VII Non-Voting Shares being Transferred by Harbinger. 

  

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 (ii) Without limiting the foregoing, (A) if the proposed Drag-Along
Transaction is structured as a sale of assets or a merger, amalgamation, consolidation, liquidation, dissolution, winding-up, recapitalization or similar corporate transaction or otherwise requires approval of Company shareholders, Pinnacle will
vote or cause to be voted all Voting Securities that it holds or with respect to which Pinnacle has the power to direct the voting and which are entitled to vote on such transaction in favor of such transaction and will waive any appraisal,
dissenters’ or similar rights which Pinnacle may have in connection therewith, (B) if the proposed Drag-Along Transaction is structured as or involves a sale, redemption, reorganization or recapitalization of Equity Securities, Pinnacle
agrees to sell its Pro Rata Drag-Along Portion of the Equity Securities being sold in such Drag-Along Transaction on the terms and conditions approved by Harbinger, and (C) if directed by Harbinger, Pinnacle will exercise or convert, as
applicable, all in-the-money options, warrants or other rights to purchase or subscribe for Equity Securities or into Equity Securities held by Pinnacle. 
 (b) Closing. Harbinger shall provide written notice (the “Drag-Along Notice”) to Pinnacle not later than the date of acceptance of the Drag-Along Transaction by Harbinger and in
any event not later than fifteen (15) Business Days prior to the closing date of the Drag-Along Transaction. The Drag-Along Notice shall set forth the consideration to be paid by the purchaser for the Equity Securities, the identity of the
purchaser, and the material terms of the Drag-Along Transaction. 
 (c) Consideration to be Received. 

(i) In the event that immediately prior to the consummation of any Drag-Along Transaction, Pinnacle (together with its
Entity Affiliates) owns ten percent (10%) or less of the Equity Voting Power, then the consideration to be received by Pinnacle pursuant to such Drag-Along Transaction shall be solely in the form of cash, regardless of the form of consideration
per Equity Security to be received by Harbinger based on the transaction value per Equity Security designated in the applicable Drag-Along Transaction. 
 (ii) In the event that immediately prior to the consummation of a Drag-Along Transaction in which some or all of the consideration to be received by Harbinger and Pinnacle is non-cash consideration,
Pinnacle (together with its Entity Affiliates) owns in excess of ten percent (10%) of the Equity Voting Power, then the consideration to be received by Pinnacle shall be the same form and amount of consideration per Equity Security to be
received by Harbinger, and the terms and conditions of such sale shall be the same as those upon which Harbinger sells its Equity Securities. 

  

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 (A) Notwithstanding the foregoing in Section 3.3(c)(ii),
Pinnacle shall have the right, with respect to one-half of the aggregate non-cash consideration that Pinnacle is compelled to receive pursuant to such Drag-Along Transaction, to require Harbinger to purchase in cash from Pinnacle up to US$75,000,000
of the non-cash consideration received by Pinnacle based on the transaction value per Equity Security designated in the applicable Drag-Along Transaction. In order to exercise this right, Pinnacle must provide Harbinger with written notice within
ten (10) Business Days following the date the Drag-Along Notice is received by Pinnacle pursuant to Section 3.3(b), or otherwise Pinnacle shall be deemed to have forfeited any rights to require such purchase. In lieu of making any
cash payment otherwise required to be made by Harbinger to Pinnacle pursuant to the first sentence of this clause (A), Harbinger shall have the right, but not the obligation, to deliver one or more promissory notes to Pinnacle issued by Harbinger
(1) having an aggregate principal amount equal to the amount of such cash payment otherwise so required, (2) bearing a rate of interest equal to two percent (2%) per annum, (3) having a term of no later than one hundred and
twenty (120) days from the closing date of the Drag-Along Transaction, (4) containing such terms and conditions (in addition to the aforementioned principal amount, interest rate and term) as Harbinger determines is or could be reasonably
imposed by a financial institution lending to Harbinger on an unrelated basis, and (5) which shall be secured by a first priority security interest, in form and substance reasonably satisfactory to Pinnacle, in the non-cash consideration
purchased by Harbinger from Pinnacle. 
 (d) Related Documentation. In connection with a Drag-Along Transaction, Pinnacle
will agree to make substantially the same customary representations, covenants, indemnities and agreements as Harbinger so long as they are made severally and not jointly and the liabilities thereunder are borne on a pro rata basis based on the
consideration to be received by Harbinger; provided, that: 
 (i) any general indemnity given by
Harbinger and such other holders (as applicable), applicable to liabilities not specifically related to Harbinger or such other holders (as applicable) or their ownership of the respective Equity Securities to be Transferred by Harbinger and such
other holders (as applicable), to the purchaser in connection with such Drag-Along Transaction shall be apportioned among Harbinger, such other holders (as applicable) and Pinnacle according to the consideration received by each such party;

 (ii) the aggregate liability of Pinnacle in connection with such representations, covenants, indemnities and
agreements shall not exceed Pinnacle’s net proceeds from the Drag-Along Transaction; 
 (iii) any
representation and indemnification obligation relating specifically to a selling holder, its Equity Securities and/or its authorization, execution and delivery of agreements and instruments in connection with the Drag-Along Transaction shall be made
and borne only by such selling holder; and 

  

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 (iv) Pinnacle shall not be required if requested by the purchaser in the
Drag-Along Transaction to enter into any non-compete agreements with respect to the conduct of its and its Entity Affiliate’s businesses in connection with the Drag-Along Transaction unless such non-compete restrictions: 

(A) are limited to (1) any area within a three hundred (300) kilometer radius of either
the Ho Tram Project if Pinnacle or any of its Entity Affiliates is the operator of any hotel or casino therein or any other then-existing Company project at which Pinnacle or any of its Entity Affiliates is the operator of any hotel or casino, and
(2) the city of Da Nang and all areas of Vietnam south of the sixteenth (16th) parallel; and 
 (B) do not limit (1) Pinnacle’s
or its Entity Affiliate’s rights under the Pinnacle Management Agreement, (2) Pinnacle’s or its Entity Affiliate’s ability to operate any of its or its Entity Affiliates’ then-existing sites, or (3) Pinnacle’s or
its Entity Affiliates’ ability to develop, construct or acquire any site with a hotel, casino, racetrack, sports, or entertainment venue or related or ancillary businesses that is prior to the date of the Drag-Along Notice subject to an
executed term sheet (which may be non-binding) or definitive agreement with an unaffiliated third party regarding the development, construction or acquisition of such a facility, or located or to be located on a parcel of land purchased, leased or
otherwise controlled by Pinnacle or any of its Entity Affiliates (including, without limitation, pursuant to an option to purchase or lease such land) for the purpose of developing or constructing such a facility. 

(e) Fees and Expenses. Harbinger and Pinnacle shall each pay its own fees and expenses incurred in connection with a Drag-Along
Transaction, to the extent not paid or reimbursed by the Company or the purchaser. 
 (f) Non-Applicability of Drag-Along
Right. Notwithstanding anything to the contrary in this Section 3.3, in the event that (A) any party hereto enters into or executes a Transfer constituting a pledge of Securities or other grant of a lien or security interest
therein, directly or indirectly, or (B) there is a Subsequent Transfer, parts (a) through (e) of this Section 3.3 shall not apply to any such Transfer or Subsequent Transfer. For purposes of clarity, the transferee in any
Subsequent Transfer shall comply with Section 3.1(d)(ii) and be and become bound by the provisions of this Agreement, including without limitation this Section 3.3. 

Section 3.4 Minority Investor Exit Sale Right. 
 (a) Following such time that (i) the Minority Party (together with its Entity Affiliates) ceases to hold at least seven and one half percent (7.5%) of the Equity Voting Power, or
(ii) solely in Pinnacle’s or its Entity Affiliates’ case, a Competitor becomes the holder of Equity Securities in an amount equal to or more than (A) ten percent (10%) of the outstanding Equity Securities on a Fully Diluted
Basis, or (B) ten percent (10%) of the Equity Voting Power, the Minority Party and its Entity Affiliates shall have the right to elect at any time following the consummation of an occurrence described in clause (i), or solely in
Pinnacle’s or its Entity Affiliates’ case, clause (ii), to Transfer all or a portion of their then remaining Securities in a single transaction to an unaffiliated third party (such unaffiliated third party, an “Exit Sale
Purchaser”, and such transaction, an “Exit Sale”), subject to the Majority Party’s rights of first negotiation set forth in Section 3.5. 

  

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 (b) In the event that, pursuant to paragraph (a) of this Section 3.4, the
Minority Party (together with any of its Entity Affiliates) consummates an Exit Sale to an unaffiliated third party, then the Majority Party shall retain its right to elect to be a Tag-Along Party in such Exit Sale so long as the Minority Party
(together with its Entity Affiliates) is selling less than one hundred percent (100%) of its Securities in such Exit Sale; provided, however, that the Majority Party shall be entitled to sell to the Exit Sale Purchaser up to that
portion of its Securities equal to the Adjusted Majority Party Pro Rata Tag-Along Portion, as applicable. 
 Section 3.5
Right of First Negotiation. 
 (a) In the event that either Harbinger or Pinnacle or any of their respective Entity
Affiliates proposes to Transfer any Securities (other than Transfers permitted by Sections 3.1(a)(ii), and, solely in Pinnacle’s case, also Section 3.1(c)(vi)) (such Transferring party, together with its Entity
Affiliates, the “ROFN Seller”), the ROFN Seller shall provide the other party, together with its Entity Affiliates (such other party, together with its Entity Affiliates, the “ROFN Buyer”), with written notice of
its intent to Transfer such Securities, which notice shall set forth the number of Securities proposed to be Transferred (the “ROFN Notice”). For a period of twenty (20) Business Days following receipt of the ROFN Notice (the
“ROFN Period”), if and solely to the extent initiated by the ROFN Buyer during the ROFN Period, the ROFN Buyer and the ROFN Seller shall, on an exclusive basis, negotiate in good faith with one another regarding a transaction
pursuant to which the ROFN Buyer would acquire all, but not less than all, of the Securities to be Transferred by the ROFN Seller as set forth in the ROFN Notice (the “ROFN Transaction”). Unless and until definitive documentation
providing for the terms and conditions of a ROFN Transaction is executed and delivered by all parties thereto, (i) the ROFN Seller, except with respect to its obligation to negotiate in good faith on an exclusive basis as set forth above, shall
have no obligation or liability whatsoever to the ROFN Buyer with respect to any ROFN Transaction, including any obligation to enter into either a non-binding term sheet or letter of intent, or definitive documentation, providing for the terms and
conditions of the ROFN Transaction, and (ii) the ROFN Buyer shall not have any claim of any nature whatsoever (including any claim for breach of contract or detrimental reliance) in connection therewith. Notwithstanding the foregoing, and for
the avoidance of doubt, (x) the provisions of this Section 3.5 shall not apply to entering into or executing a Transfer constituting a pledge of Securities or other grant of a lien or security interest therein, directly or
indirectly, and (y) the provisions of this Section 3.5 shall apply to Subsequent Transfers, except that the ROFN Period with respect to such Subsequent Transfers shall be fifteen (15) Business Days instead of twenty
(20) Business Days. 
 (b) If at the expiration of the ROFN Period, the ROFN Seller and ROFN Buyer have not entered into a
non-binding term sheet or non-binding letter of intent with respect to a ROFN Transaction, the ROFN Seller may, prior to the six (6) month anniversary of the last day of the ROFN Period, seek to Transfer all or a portion of its Securities
covered by the ROFN Notice to an unaffiliated third party subject to Section 3.2. 

  

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 (c) If prior to the expiration of the ROFN Period, the ROFN Seller and the ROFN Buyer have
entered into a non-binding term sheet or non-binding letter of intent with respect to a ROFN Transaction, then for a period of forty (40) Business Days following the execution of such non-binding term sheet or non-binding letter of intent (the
“ROFN Definitive Documentation Period”), the ROFN Buyer and the ROFN Seller shall, on an exclusive basis, negotiate in good faith with one another regarding definitive documentation providing for the terms and conditions of the ROFN
Transaction. Unless and until definitive documentation providing for the terms and conditions of the ROFN Transaction is executed and delivered by all parties thereto, (i) the ROFN Seller, except with respect to its obligation to negotiate in
good faith on an exclusive basis as set forth above, shall have no obligation or liability whatsoever to the ROFN Buyer with respect to any ROFN Transaction, including any obligation to enter into definitive documentation providing for the terms and
conditions of the ROFN Transaction, and (ii) the ROFN Buyer shall not have any claim of any nature whatsoever (including any claim for breach of contract or detrimental reliance) in connection therewith. 

(d) If at the expiration of the ROFN Definitive Documentation Period, the ROFN Seller and ROFN Buyer have not entered into definitive
documentation to consummate a ROFN Transaction, the ROFN Seller may, prior to the six (6) month anniversary of the last day of the ROFN Definitive Documentation Period, seek to Transfer all or a portion of its Securities covered by the ROFN
Notice to an unaffiliated third party subject to Section 3.2. 
 (e) If the ROFN Seller does not consummate a sale
of its Securities covered by the ROFN Notice to an unaffiliated third party (or enter into definitive documentation with respect thereto) prior to the six (6) month anniversary of the last day of the ROFN Definitive Documentation Period, if
applicable (or if the ROFN Definitive Documentation Period is not applicable, the ROFN Period), for any reason whatsoever, the ROFN Seller shall forfeit any and all rights to consummate such a Transfer, and the ROFN Buyer’s right of first
negotiation under this Section 3.5 shall again be in full force and effect should the ROFN Seller seek to Transfer such Securities again. 
 Section 3.6 Disposition of Securities. In connection with any disposition of Securities by Harbinger or Pinnacle, to the extent still required by Applicable Law or to the extent requested by
Harbinger or Pinnacle, as the case may be, the Company shall provide required information and reasonable assistance to Harbinger or Pinnacle, as the case may be, in connection with any application that may be made by such party for a certificate to
be issued pursuant to Section 116 of the Income Tax Act (Canada) (a “Section 116 Certificate”) or related provisions, or any notification pursuant to Section 116 of the Income Tax Act (Canada) or related
provisions. 
 Section 3.7 Recognition of Transfers and Endorsement on Certificates. The Company shall not recognize
any Transfers of Securities made in violation of this Agreement. Any and all certificates representing Securities now or hereafter owned by either Harbinger or Pinnacle or their respective Entity Affiliates during the term of this Agreement (whether
such Securities are issued initially or with respect to Transfer or otherwise) shall have endorsed thereon in bold type the following legend: 

  

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 “The securities represented by this certificate are subject to the provisions of
a Third Amended and Restated Shareholders Agreement dated May 24, 2013, as amended from time to time, and such securities are not transferable on the books of the Company except in accordance and compliance with the terms and conditions of such
Agreement.” 
 Section 3.8 Waiver of Rights. Notwithstanding any other provision of this
Article 3, either Harbinger or Pinnacle may waive its rights with respect to any particular offer or right given under this Article 3 by notice in writing to the Company and the other party to this Agreement. 

ARTICLE 4 

PREEMPTIVE RIGHTS 
 Section 4.1 Preemptive Rights. 
 (a) The Company grants to each of
Harbinger and Pinnacle (together with their respective Entity Affiliates) separately the right to purchase up to its Pro Rata Preemptive Portion of all or any part of Preemptive Securities that the Company from time to time after the date hereof
proposes to issue, or to grant an option or other right for the purchase or subscription for; provided, however, that at the relevant time, such shareholder (i) solely with respect to the issuance by the Company of Equity
Securities (and, for the avoidance of doubt, this clause (i) of this proviso shall not apply to the extent that an issuance by the Company of Securities consists of Debt of the Company, or other interest or participation in Debt of the Company,
or any combination of any of the foregoing), continues to hold together with its Entity Affiliates at least that number of Equity Securities as is equal to the lesser of (A) fifty percent (50%) of the Equity Securities that are owned by
such shareholder and its Entity Affiliates immediately following the consummation of the transactions contemplated by the Pinnacle Subscription Agreement, and (B) seven and one half percent (7.5%) of the total amount of Equity Securities
outstanding on a Fully Diluted Basis on such date immediately prior to such issuance, and (ii) is an “accredited investor” (as defined in Rule 501 of Regulation D promulgated under the Securities Act) (each such shareholder,
together with its Entity Affiliates, a “Preemptive Person”). 
 (i) For purposes of this
Article 4, “Pro Rata Preemptive Portion” means, with respect to any Preemptive Person, on any issuance date for Preemptive Securities, the amount of Preemptive Securities equal to the product of: 

(A) New Class or Series of Preemptive Securities: With respect to the issuance of a new class or series of
Preemptive Securities not previously issued by the Company (a “New Class of Securities”), the product of (x) the total number or amount of such Preemptive Securities to be issued by the Company on such date, multiplied
by (y) a fraction (1) the numerator of which is equal to the total number of Common Shares and Class VII Non-Voting Shares on a Fully Diluted Basis then held by such Preemptive Person immediately prior to such issuance of
Preemptive Securities and (2) the denominator of which is equal to the total number of Common Shares and Class VII Non-Voting Shares held by Harbinger and Pinnacle (together with their respective Entity Affiliates) outstanding on such date
immediately prior to such issuance on a Fully Diluted Basis. 

  

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 (B) “Add-On” Securities: With respect to the issuance of
Preemptive Securities that are of a class or series previously issued by the Company prior to the issuance of such Preemptive Securities (excluding the Common Shares and Class VII Non-Voting Shares, the calculation for which is set forth below in
Section 4.1(a)(i)(C)) (“Add-On Securities”), the product of (x) the total number or amount of such Preemptive Securities to be issued by the Company on such date, multiplied by (y) a fraction
(1) the numerator of which is equal to the total number of such Preemptive Securities of such class or series, if any, then held by such Preemptive Person immediately prior to such issuance of such Preemptive Securities, and (2) the
denominator of which is equal to the total number of all such Preemptive Securities of such class or series outstanding on such date immediately prior to such issuance on a Fully Diluted Basis; provided, however, that Add-On Securities
that are convertible into Common Shares and/or Class VII Non-Voting Shares shall be treated as Securities of such previously issued class or series rather than as the Common Shares and/or Class VII Non-Voting Shares into which such Add-On Securities
are convertible. 
 (C) Common Shares and Class VII Non-Voting Shares: With respect to the issuance of
additional Common Shares and/or Class VII Non-Voting Shares, the product of (x) the total number or amount of such Preemptive Securities to be issued by the Company on such date, multiplied by (y) a fraction (1) the
numerator of which is equal to the total number of Common Shares and Class VII Non-Voting Shares on a Fully Diluted Basis then held by such Preemptive Person immediately prior to such issuance of Preemptive Securities and (2) the denominator of
which is equal to the total number of Common Shares and Class VII Non-Voting Shares held by Harbinger and Pinnacle (together with their respective Entity Affiliates) outstanding on such date immediately prior to such issuance on a Fully Diluted
Basis. 
 (b) The number or amount of Preemptive Securities that the Preemptive Persons may purchase pursuant to this
Section 4.1 shall be referred to as the “Preemptive Security Purchase Securities”. The purchase right provided in this Section 4.1 shall apply at the time of issuance of any right, warrant, or option or
convertible or exchangeable security and not to the conversion, exchange or exercise thereof. Except as expressly provided in this Article 4 or Section 6.2(b)(ii)(B), Pinnacle shall not assert any preemptive rights pursuant to any
other agreements in existence as of the date hereof. 
 (c) The Company shall give written notice of a proposed issuance or sale
described in Section 4.1(a) to the Preemptive Persons within five (5) Business Days after any such issuance or sale is duly approved by the Board and at least twenty-five (25) Business Days prior to the proposed issuance or
sale. Such notice (the “Issuance Notice”) shall set forth the material terms and conditions of such proposed transaction, including the proposed manner of disposition, the number or amount and description of the Preemptive
Securities proposed to be issued, the proposed issuance date, and the proposed purchase price per security, as applicable. Such notice shall also be accompanied by any written offer from a prospective purchaser to purchase such Preemptive
Securities. 

  

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 (d) At any time during the twenty-five (25) Business Day period following the receipt
of an Issuance Notice, each Preemptive Person shall have the right to elect irrevocably (except as provided in the proviso to this sentence) to purchase its Pro Rata Preemptive Portion of the number of Preemptive Security Purchase Securities, at the
purchase price set forth in the Issuance Notice and upon the other terms and conditions specified in the Issuance Notice by delivering a written notice to the Company, provided that if there is a material change in the terms of the Preemptive
Securities, the Company shall give written notice of such change as promptly as practicable to the Preemptive Persons, in which case any Preemptive Person may revoke any such election made by such Preemptive Person by delivering a written notice to
the Company. Except as provided in Section 4.1(c), such purchase shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice. 

(e) If any Preemptive Person fails to exercise fully its right to purchase its Pro Rata Preemptive Portion of all or any part of
Preemptive Securities within the periods described above, the Company shall be free to complete the proposed issuance or sale of the Preemptive Securities described in the Issuance Notice (including by selling such Preemptive Securities to Harbinger
or Pinnacle) with respect to which the Preemptive Persons failed to exercise the right set forth in this Section 4.1 on terms no less favorable to the Company than those set forth in the Issuance Notice (except that the number of
securities to be issued or sold may be reduced); provided that (i) such issuance or sale is closed within ninety (90) days after the date the related Issuance Notice was given, and (ii) the price and other material terms at
which the Preemptive Securities are issued or sold must be equal to or higher than the purchase price and on terms no less favorable than the material terms described in the Issuance Notice. In the event that the Company has not sold such Preemptive
Securities within such ninety (90) day period, the Company shall not thereafter issue or sell any Preemptive Securities, without first again offering such securities to Harbinger and Pinnacle in the manner provided in this
Section 4.1. 
 (f) For the avoidance of doubt, any exercise of the Majority Party’s preemptive rights may be
subject to the Minority Party’s consent rights as and solely to the extent applicable under Section 6.2. 
 (g)
In addition to the preemptive rights set forth in this Article 4, the Company agrees to negotiate in good faith with Harbinger and Pinnacle to grant Harbinger and Pinnacle (together with their respective Entity Affiliates) separately the
right to purchase up to its Pro Rata Preemptive Portion (to the extent permitted by Applicable Law) of all or any part of an issuance of securities of a Subsidiary that is not, or would not be immediately following the proposed issuance, wholly
owned (directly or indirectly) by the Company that such non-wholly owned Subsidiary from time to time after the date hereof proposes to issue, or to grant an option or other right for the purchase or subscription therefor. For the avoidance of
doubt, there shall not be any preemptive rights granted to Harbinger and/or Pinnacle (or their respective Entity Affiliates) with respect to any securities issued at any time by a direct or indirect wholly-owned Subsidiary of the Company, except for
issuances of securities as a result of which such Subsidiary would cease to be so wholly-owned. 

  

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 Section 4.2 Waiver of Rights. Notwithstanding any other provision of this
Article 4, either Harbinger or Pinnacle may waive its rights with respect to any particular offer or right given under this Article 4 by notice in writing to the Company and the other party to this Agreement. 

ARTICLE 5 

REGISTRATION RIGHTS 
 Section 5.1 Registration Rights. The Company shall not confer upon any Person (whether pursuant to a shareholders agreement or otherwise) any registration rights or similar benefits with
respect to Common Shares being registered under the Exchange Act or Common Shares becoming listed or traded on a stock exchange or stock market unless the Company delivers to Harbinger and Pinnacle notice thereof and concurrently provides Harbinger
and Pinnacle with equal or more favorable registration rights and benefits (such rights and benefits to be granted to Harbinger and Pinnacle in proportion to their then relative ownership of Securities). 

ARTICLE 6 

CONSENT RIGHTS AND ADDITIONAL COVENANTS 
 Section 6.1 Majority Vote Consent Rights. 
 (a) The Company (which for
purposes of this Section 6.1 shall include the Company and its Subsidiaries) shall not, without first obtaining the affirmative vote or written consent of the Majority Party, which affirmative vote or consent shall be given or withheld
in the Majority Party’s sole discretion following consultation with the Minority Party, take any of the following actions (which actions may also be subject to the Minority Party’s written consent if and solely to the extent applicable
under Section 6.2): 
 (i) enter into a merger, amalgamation, consolidation, disposal of all or
substantially all of the Company’s and its subsidiaries’ assets, restructuring, reorganization or similar corporate transaction involving the Company or any of its Securities; 

(ii) dissolve, liquidate, voluntarily commence bankruptcy proceedings or wind-up the operations of the Company or any
subsidiary. 

  

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 (iii) establish or discontinue any significant line of business not
expressly permitted by the terms of the Company’s investment certificate; 
 (iv) change the legal form or
jurisdiction of incorporation of the Company, or make any amendment to the Articles of the Company; 
 (v)
except as set forth in Section 3.1(a)(iii) or as contemplated by the terms of the Series V Special Shares or the Class VI Shares, declare, set aside or pay any dividend or other distribution (whether in cash, stock or property) in
respect of the Company’s capital stock, or pay or otherwise distribute any cash or property to any of its security holders in their capacity as such; 
 (vi) issue or sell any capital stock of any class or series or any other securities of the Company, or issue or grant any warrants, rights or options, or securities that are exchangeable for, or
convertible into, shares of the Company’s capital stock, except for security issuances resulting from rights granted as of the date hereof or contemplated herein (including without limitation, (A) the grant or exercise of (1) the
Pinnacle Option, (2) the Backstop Warrants, (3) the May 2013 Warrants or (4) the Pinnacle Backstop Warrants or Alternate Backstop Warrants, (B) top-up issuances pursuant to the 2011 Harbinger Subscription Agreement or the
Pinnacle Subscription Agreement, (C) the issuance, sale, grant, exercise, conversion or exchange of securities pursuant to any Future Funding or Replacement Funding, (D) the exercise of options or warrants outstanding as of the date hereof
or (E) the conversion of convertible securities outstanding as of the date hereof); 
 (vii) split,
combine, reclassify or redeem (except as set forth in Section 3.1(a)(iii), as expressly permitted by the terms of the Series V Shares or the Class VI Shares) or materially modify any of the rights, preferences, restrictions or conditions
of any shares of capital stock of the Company, effect a recapitalization or similar event or issue or authorize or propose the issuance of any other securities in respect of, in lieu of, or in substitution for, shares of capital stock of the
Company, or accelerate the vesting of any options, restricted stock, stock appreciation rights or similar rights other than as currently contemplated by any current Company option or Company plan; or 

(viii) except as set forth in Section 3.1(a)(iii), as expressly permitted by the terms of the Series V Shares
or the Class VI Shares, redeem, repurchase or otherwise acquire or offer to acquire any outstanding warrants, rights, or options to acquire shares of capital stock of the Company; 

(ix) except as set forth in Section 3.1(a)(iii) or pursuant to a Permitted Encumbrance, the BIDV Facility or
the BIDV Working Capital Facility, incur or modify any Indebtedness for borrowed money in excess of US$5,000,000 in the aggregate or guarantee any Indebtedness of another Person or guarantee any debt securities of another Person; 

(x) except and solely to the extent any of the following are specifically set forth in the MGM Management Agreement, the
Pinnacle Management Agreement, the Administrative Services Agreement or any other management or administrative agreement to be entered into by the Company with respect to the Ho Tram Project as matters requiring the sole consent of the operator
thereunder: 

  

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 (A) make any loans or advances to any other third Person (including any
advance of salary to employees), make any investments in or capital contributions to any third Person or forgive or discharge in whole or in part any outstanding loans or advances other than advances to employees for travel and business expenses or
in connection with intra-company loans or advances made in the ordinary course of business and consistent with past practice; 
 (B) place or allow the creation of any Encumbrance on any of the assets or properties of the Company, other than Permitted Encumbrances, the Capital Mortgage Agreement and encumbrances pursuant to the
BIDV Facility, the Backstop Loan Agreement, the May 2013 Loan Agreement or the BIDV Working Capital Facility; 

(C) enter into, assume, amend or modify any of the following contracts of the Company: 

(1) any Contract or series or group of related Contracts that the Company reasonably anticipates will, in accordance
with its terms, involve aggregate payments by the Company or any of its subsidiaries of more than US$5,000,000 over the life of such Contract; 
 (2) any Contract or series or group of related Contracts that the Company reasonably anticipates will, in accordance with its terms, involve aggregate payments to the Company or any of its subsidiaries of
more than US$5,000,000 over the life of such Contract; 
 (3) any material joint venture or partnership
contract, limited liability company agreement or other contract involving the sharing of profits or losses by the Company or any of its subsidiaries with any other Person; or 

(4) any agreement relating to employment or severance or similar arrangement that (a) the Company reasonably
anticipates will, in accordance with its terms, involve aggregate payments of more than US$300,000 within any twelve (12) month period or, solely with respect to severance Contracts, US$750,000 over the life of such severance Contract,
(b) involves any change in compensation of any Key Employee, or a change in any of the material terms of any employment, compensation or severance agreement with any Key Employee, or an approval of any discretionary or bonus payment to any Key
Employee (other than annual bonus payments pursuant to employment contracts), or (c) involves the creation or establishment of any cash or equity-based incentive compensation plan or contract or amendment thereto; 

(xi) approve or modify, in any material respect, the Annual Budget of the Ho Tram Project, the First Gaming Resort or the
Second Gaming Resort, as applicable; 

  

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 (xii) make, or commit to make after the date of this Agreement, any
individual or a series of related capital expenditures in excess of US$5,000,000 in the aggregate, in each case other than capital expenditures made in accordance with the approved Construction Budget for the First Gaming Resort or the Second Gaming
Resort or the Annual Budget; 
 (xiii) sell, dispose of, transfer, lease, sell and lease back or license any
material property, tangible asset or interest therein of the Company, except in the ordinary course of business consistent with past practice; 
 (xiv) make any acquisition or disposition of assets in any single transaction or series of related transactions, other than in the ordinary course of business in accordance with the Annual Budget, for
consideration in excess of US$5,000,000 in the aggregate; 
 (xv) hire or terminate the Company’s Chief
Executive Officer, the Chief Operating Officer, the Chief Financial Officer, any General Director, any General Manager, the General Counsel, the Chief Marketing Officer, the Chief Development Officer, the Chief Administrative Officer, any President
(or, with respect to the foregoing, any other Person serving in a similar capacity) or any other officer or employee with aggregate annual compensation in excess of US$450,000 (such an employee, a “Key Employee”); or 

(xvi) affect in a material adverse manner the tax position of the Securities with respect to the amount of income,
deduction, tax credit or other tax attributes referable to the Company by making, revoking or changing any tax election (other than as otherwise required by changes in Applicable Law or any Vietnam VAT), or taking any other discretionary action with
respect to a taxing authority; 
 provided, however, that the Majority Party consent rights under this Section 6.1(a)
shall terminate from and after such time another shareholder (together with its Entity Affiliates) of the Company owns Voting Securities with voting power greater than the voting power possessed by the Voting Securities then owned collectively by
Harbinger and Pinnacle and their Entity Affiliates. 
 (b) Notwithstanding anything in Section 6.1(a) to the
contrary, the consent of the Majority Party or its Entity Affiliates shall not be required in the event that (i) the Board approves a Financing Need Recommendation, (ii) either or both of Harbinger and Pinnacle or their respective Entity
Affiliates are the only parties proposing terms for such financing, which terms shall be substantially identical, or more favorable, to the Company than the terms of the Class VI Shares (“Future Funding”), (iii) in connection
with such Future Funding with Harbinger and/or Pinnacle or their respective Entity Affiliates, the Independent Committee (or, to the extent that no Independent Committee has been established or there are no then current members, the Independent
Director(s)) shall have the full authority of the Board and the Company to approve the Future Funding with Harbinger and/or Pinnacle or their respective Entity Affiliates on such terms as the Independent Committee (or, to the extent that no
Independent Committee has been established or there are no then current members, the Independent Director(s)) may determine without the consent of either Harbinger or Pinnacle or their respective Entity Affiliates; provided, that any such
Future Funding shall only be exempt from such consent if Harbinger and/or Pinnacle are the only parties participating in the Future Funding and (iv) each of Harbinger and Pinnacle and its respective Entity Affiliates shall have the right to
participate in such Future Funding in accordance with the terms and conditions of the preemptive rights set forth in Article IV. For the purposes of the terms of the Series V Special Shares or Class VI Shares (as applicable), this provision
shall be deemed to constitute a consent to such Future Funding by an instrument in writing signed by Harbinger or Pinnacle, as the case may be, and its respective Entity Affiliates and delivered to the Company at its head office. 

  

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 (c) Consent Sale. In the event (i) the requisite affirmative vote or written
consent of the Majority Party is obtained with respect to a transaction or transactions described in Sections 6.1(a)(i) (merger, etc.), (ii) (dissolution, etc.), (iii) (significant line of business),
(vi) (issue capital stock or other securities, etc.), (vii) (reclassify capital stock, etc.), (ix) (incur Indebtedness, etc.) or (xi) (Encumbrances), and (ii) the transaction(s) subject to such
affirmative vote or consent of the Majority Party is consummated, the Minority Party (together its Entity Affiliates) shall be entitled, subject to the Majority Party’s right to Transfer its Securities pursuant to Article 3 as a
Tag-Along Party as well as the Majority Party’s right of first negotiation pursuant to Section 3.5, to Transfer and assign in whole or in part to an unaffiliated third party any or all of its Securities, and any or all of its right,
title and interest in and to, and all of its obligations under or in respect of, this Agreement and any such Securities or other agreement or instrument, without restriction and without the consent of the Company or any other Person (such a Transfer
or assignment, “Consent Sale”). The Minority Party shall be required to provide the Company with written notice of its intent to explore a Consent Sale within forty (40) Business Days following consummation of the transaction
subject to the Majority Party’s consent (which forty (40) Business Day period shall run concurrently with the periods set forth in Section 3.5). Within seven (7) months (or such longer period as may be reasonably required
in order to obtain any necessary regulatory approvals as long as the Minority Party and the prospective transferee are using commercially reasonable efforts to obtain such approvals) following the latest to occur of (i) the expiration of such
forty (40) Business Day period, (ii) the expiration of the ROFN Period prior to entering into a non-binding term sheet or non-binding letter of intent with respect to a ROFN Transaction, or (iii) the expiration of the ROFN Definitive
Documentation Period, if applicable, prior to the execution of definitive documentation with respect to a ROFN Transaction, the Minority Party will be required to consummate such Consent Sale if it is to be consummated at all. In addition, any such
Consent Sale shall also comply with the notice, timing and other applicable Transfer requirements and obligations set forth in Article 3 as relates to the Consent Sale (including, but not limited to, the Majority Party’s rights
under Sections 3.2); provided, however, that in no event shall the provisions of Article 3 operate to shorten the time periods expressed in the preceding sentence of this Section with respect to the Minority
Party’s ability to pursue and subsequently consummate a Consent Sale. 
 Section 6.2 Minority Consent Rights.

  

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 (a) Notwithstanding anything in this Agreement to the contrary, the Company shall not (and
shall not permit its Subsidiaries to), without first obtaining the Minority Party’s written consent, which consent shall not be unreasonably withheld: 
 (i) amend, alter or repeal (including by means of a merger, consolidation or otherwise) any provision of the Articles of Incorporation of the Company (including, without limitation, the Notice of
Articles) or Bylaws of the Company in a manner that adversely affects the Minority Party; provided, however, any amendment or modification that is ministerial in nature that does not affect the Minority Party adversely shall not be
taken into account for purposes of this Section, and as a result, not require the Minority Party’s separate consent pursuant hereto; 
 (ii) split, combine, reclassify, redeem (except as expressly permitted by the terms of the Series V Shares or the Class VI Shares) or modify in a manner that adversely affects the Minority Party
(A) any Securities that the Minority Party owns, or (B) any of the rights, preferences, restrictions, conditions or privileges of any Securities that the Minority Party owns provided, however, that, for purposes
of this clause (ii), the Common Shares and the Class VII Non-Voting Shares shall be treated as the same Security, so that this clause (ii) shall be applicable with respect to a specified action with respect to the Common Shares or the Class VII
Non-Voting Shares, as the case may be, even if the Minority Party does not own shares of such class of shares, as long as the Minority Party owns shares of the other class of shares; 

(iii) amend or modify the Existing Shareholders Agreement, other than to terminate it in its entirety; 

(iv) materially reduce (A) any element or amenity of the Scope (including, without limitation, any of those elements
or amenities identified in clauses (i) – (xi) of the definition of Scope) of the First Gaming Resort, or (B) the Standard of any Scope element or amenity of the First Gaming Resort; 

(v) solely to the extent Pinnacle is the Minority Party, modify the Construction Budget of the First Gaming Resort based
solely on a Company Decision so as to (A) increase the Scope or the Standard of the First Gaming Resort, or (B) alter the construction timetable of the First Gaming Resort, in each case to an extent that the expenditures directly related
to the First Gaming Resort exceed three percent (3%) of the amount of (I) in the case of Zone A-1 of the First Gaming Resort, those items identified as “Items Subject to three percent (3%) Variance” (the dollar amounts of
such items are included in the Ho-Tram Resort Zone A-1 Cost Plan #14B) set forth on Schedule 6.2(a)(v) in the aggregate or (II) in the case of Zone A-2 of the First Gaming Resort, the aggregate Construction Budget first established for
Zone A-2; provided, however, that Pinnacle’s consent shall not be required if the amount of any such expenditure exceeds the amount of such items (or of such first Construction Budget, in the case of Zone A-2) by more than three
percent (3%) but less than seven and one half percent (7.5%) in the aggregate and an unaffiliated third party is willing to fund such excess expenditure amount. For purposes of this subsection (v), a “Company Decision”
means a decision of the Company with respect to the Construction Budget, Scope or the Standard of the First Gaming Resort that is within the sole discretion and control of the Company and which is not based on factors or elements (including, without
limitation, Force Majeure events or increases resulting from direct purchases of commodities) which are outside of the control of the Company; 

  

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 (vi) solely to the extent Pinnacle is the Minority Party, make any
modification other than of an immaterial nature to (A) the Construction Budget of the Second Gaming Resort, (B) any element or amenity of the Scope (including, without limitation, any of those elements or amenities identified in clauses
(i) – (xi) of the definition of Scope) of the Second Gaming Resort, or (C) the Standard of any Scope element or amenity of the Second Gaming Resort; provided, however, that any increase in expenditures to the extent
resulting from increases from direct purchases of commodities or a Force Majeure event shall not be taken into account for purposes of this Section, and as a result, not require Pinnacle’s separate consent pursuant hereto; or 

(vii) make expenditures in excess of US$1,000,000 per Company project, in the aggregate, at any time prior to but not
including the Opening Date of the Second Gaming Resort; provided, however, that for the avoidance of doubt, expenditures related to (A) the Ho Tram Project, (B) amenities, facilities and services made available for the use
and enjoyment of the prospective occupants of the Ho Tram Project, or (C) any land or improvements not within or located upon the site of the Ho Tram Project but which provide shared benefits to the Ho Tram Project, shall each not be included
within this limitation, and as a result, not require the Minority Party’s separate consent pursuant hereto, 
 provided that,
notwithstanding anything in this Section 6.2(a) to the contrary, the consent of the Minority Party or its Entity Affiliates shall not be required in the event that (A) the Board approves a Financing Need Recommendation,
(B) either or both of Harbinger and Pinnacle or their respective Entity Affiliates are the only parties proposing terms for a Future Funding, (C) in connection with such Future Funding with Harbinger and/or Pinnacle or their respective
Entity Affiliates, the Independent Committee (or, to the extent that no Independent Committee has been established or there are no then current members, the Independent Director(s)) shall have the full authority of the Board and the Company to
approve the Future Funding with Harbinger and/or Pinnacle or their respective Entity Affiliates on such terms as the Independent Committee (or, to the extent that no Independent Committee has been established or there are no then current members,
the Independent Director(s)) may determine without the consent of either Harbinger or Pinnacle or their respective Entity Affiliates; provided, that any such Future Funding shall only be exempt from such consent if Harbinger and/or Pinnacle
or their respective Entity Affiliates are the only parties participating in the Future Funding and (D) each of Harbinger and Pinnacle and its respective Entity Affiliates shall have the right to participate in such Future Funding in accordance
with the terms and conditions of the preemptive rights set forth in Article IV. For the purposes of the terms of the Series V Special Shares or Class VI Shares (as applicable), this provision shall be deemed to constitute a consent to such
Future Funding by an instrument in writing signed by Pinnacle or Harbinger, as the case may be, and delivered to the Company at its head office. 

  

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 (b) Notwithstanding anything in this Agreement to the contrary, the Company shall not (and
shall not permit its Subsidiaries), without first obtaining the Minority Party’s express written consent determined in the Minority Party’s sole discretion, enter into or make or amend any transaction, contract, agreement, understanding or
arrangement (including the terms of any Securities or any debt or equity interests in a Company Subsidiary that are owned by a Related Party) between the Company or any of its subsidiaries, on one hand, and a Related Party or any of its Entity
Affiliates, on the other hand (such transactions, contracts, agreements, understandings or arrangements to include without limitation (i) the making of any payment to such Related Party or any of its Entity Affiliates, (ii) any purchase,
sale, lease or exchange of property or securities, the rendering of any service or the payment of any management, advisory or similar fees, (iii) the making of any guarantee, support agreement or similar arrangement for the benefit of such
Related Party or any of its Entity Affiliates, or (iv) the issuance of any Securities (including, without limitation, issuances of Securities pursuant to the preemptive right under Article 4 hereof or issuances to fund any increase
the Construction Budget, Scope or the Standard of the First Gaming Resort or the Second Gaming Resort even if, as it relates to the First Gaming Resort, the Minority Party does not otherwise have a consent right with respect to such increase) or
amendment of the terms of any Securities or any debt or equity interests in a Company Subsidiary); provided, however, that the following agreements or transactions shall not be included within this provision, and as a result, not
require the Minority Party’s separate consent pursuant hereto: 
 (i) transactions pursuant to existing
agreements or instruments that were entered into on or prior to the date of this Agreement (other than amendments thereto from and after the date of this Agreement), which are set forth on Schedule 6.2(b)(i); and 

(ii) the issuance or sale by the Company of any Securities to an unaffiliated third party (or parties) in which each of
Harbinger and Pinnacle had an opportunity to acquire such Securities pursuant to and in accordance with Article 4 (the “Financing Securities”); provided, however, that in the event Harbinger and/or its
Entity Affiliates propose to acquire in excess of either twenty percent (20%) or US $50,000,000 in aggregate value of such issuance or sale of new Financing Securities: 

(A) such acquisition of Financing Securities by Harbinger and/or its Entity Affiliates (only if such acquisition is in
excess of twenty percent (20%) of such issuance or sale of new Financing Securities, and without regard to the aggregate value of such Financing Securities acquired) shall require the prior approval of a majority of the Independent Directors.
For the avoidance of doubt, at any such Board meeting, the excluded Harbinger Directors and Pinnacle Directors may participate in any such meeting even though such excluded directors’ votes will not be counted on such matter; and 

(B) Subject to Section 6.2(b)(ii)(B)(4), for a period of three (3) years following each issuance or sale
of Financing Securities by the Company contemplated by this Section 6.2(b)(ii) (each such issuance, a “Corresponding Issuance”), Pinnacle (together with its Entity Affiliates) shall have the right to acquire from
Harbinger and its Entity Affiliates up to the Look Back Portion of the Financing Securities acquired by Harbinger and its Entity Affiliates in the Corresponding Issuance as calculated below (and for illustrative purposes only, as set forth on
Schedule 6.2(b)(ii)(B)): 

  

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 (1) Up to but not including the first anniversary of the completion of the
Corresponding Issuance (the “First Anniversary”), Pinnacle (together with its Entity Affiliates) shall have the right, by delivering written notice to Harbinger, to purchase from Harbinger and its Entity Affiliates up to such amount
of Financing Securities equal to the Look Back Portion at the price per Financing Security paid by Harbinger and/or its Entity Affiliates in the Corresponding Issuance. 

(2) From the First Anniversary up to and including the third anniversary of the completion of the Corresponding Issuance
(the “Third Anniversary”), Pinnacle (together with its Entity Affiliates) shall have the right, by delivering written notice to Harbinger, to purchase from Harbinger and its Entity Affiliates up to such amount of Financing
Securities equal to the Sliding Look Back Portion at the price per Financing Security paid by Harbinger and/or its Entity Affiliates in the Corresponding Issuance. For purposes of this subsection, the “Sliding Look Back Portion”
means a number of Financing Securities determined by multiplying (a) the Look Back Portion by (b) the quotient obtained by dividing (1) the total number of days between (and including) (x) the date of exercise of Pinnacle’s
right to purchase the Sliding Look Back Portion and (y) the Third Anniversary, by (2) seven hundred and thirty (730). Such adjustment to Pinnacle’s Look Back Portion in arriving at the Sliding Look Back Portion of Securities shall be
referred to as the “Sliding Look Back Adjustment”. 
 (3) Solely for purposes of this
Section 6.2(b)(ii)(B): 
 a) each Corresponding Issuance shall be treated as a separate and
independent issuance or sale of a New Class of Securities for purposes of this Section 6.2(b)(ii)(B), and the right of Pinnacle and its Entity Affiliates to acquire from Harbinger and its Entity Affiliates the corresponding Look Back
Portion (as may be subject to a Sliding Look Back Adjustment) shall be subject to a separate Look Back Portion determination and a separate Sliding Look Back Adjustment determination. 

b) the “Look Back Portion” applicable to an acquisition by Pinnacle and its Entity Affiliates pursuant
to this Section 6.2(b)(ii)(B) of Financing Securities initially acquired by Harbinger or its Entity Affiliates from the Company as part of the Corresponding Issuance shall equal: 

i) the product of: 
 A) a fraction, the numerator of which shall equal the total number of Common Shares and Class VII Non-Voting Shares on a Fully Diluted Basis then held by Pinnacle and its Entity Affiliates immediately
prior to such Corresponding Issuance, and the denominator of which is equal to the total number of Common Shares and Class VII Non-Voting Shares held by Harbinger and Pinnacle (together with their respective Entity Affiliates) outstanding on such
date immediately prior to such Corresponding Issuance on a Fully Diluted Basis, expressed as a percentage; multiplied by: 

  

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 B) the number of Financing Securities initially acquired by Harbinger or
its Entity Affiliates from the Company as part of the Corresponding Issuance; 
 minus

 ii) the number of Financing Securities initially acquired by Pinnacle or its Entity Affiliates from the
Company as part of the Corresponding Issuance. 
 (4) Notwithstanding the foregoing, Pinnacle’s (together
with its Entity Affiliates’) ability to exercise its rights under this Section 6.2(b)(ii)(B) shall: 
 a) terminate, with respect to any Financing Securities, upon a bona fide sale by Harbinger to an unaffiliated third party of such Financing Securities not in contravention of the terms and conditions of
this Agreement. 
 b) terminate at the earlier of such time when (I) Pinnacle owns, together with its
Entity Affiliates, forty percent (40%) or more of the voting power of the outstanding Voting Securities collectively held by Harbinger and Pinnacle (together with their respective Entity Affiliates) at any such time of determination, or
(II) Harbinger, together with its Entity Affiliates, no longer (x) has the right, either individually or collectively with Pinnacle in accordance with the terms of Article 2, to appoint at least half of the directors to the
Board (and does not have nominees then serving on the Board that represent at least fifty percent (50%) of all directors then serving on the Board), and (y) owns at least fifty percent (50%) of the voting power of the outstanding
Voting Securities. 
 (5) The parties shall consummate such purchase by Pinnacle and sale by Harbinger, and
shall cause their respective Entity Affiliates to consummate such purchase and sale if applicable, within fifteen (15) Business Days of the giving of such written notice of exercise by Pinnacle to Harbinger. 

(6) The right of Pinnacle (together with its Entity Affiliates) to purchase Financing Securities pursuant to this
Section 6.2(b)(ii)(B) shall include the right of Pinnacle to acquire from Harbinger and its Entity Affiliates, at the time of its purchase of Financing Securities in the Corresponding Issuance, at a purchase price and on the timing set
forth below, all Securities received by Harbinger and its Affiliates in respect thereof or accrued in respect of such Financing Securities as dividends (including without limitation accrued but undeclared dividends), interest or other payments or
distributions since the time Harbinger and/or its Entity Affiliates acquired such Financing Securities in the Corresponding Issuance (“PIK Securities”). 

  

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 (7) Pinnacle shall pay the consideration for PIK Securities by issuing one
or more promissory notes to Harbinger: 
 a) with an aggregate principal amount equal to the value of the PIK
Securities; 
 b) bearing no interest; 

c) with the term (with payment in full being due on the last day of the term) being a period of time equal to the
earliest to occur of (I) five (5) years, (II) a bona fide sale by Pinnacle of such PIK Securities to an unaffiliated third party, or any other liquidity event involving such PIK Securities in which cash is received in full
satisfaction of such PIK Securities (including, but not limited to, a redemption in full for cash of such PIK Securities by the Company), or (III) a bona fide sale by Harbinger of all, but not less than all, of the Financing Securities related
to the PIK Securities by Harbinger to an unaffiliated third party, or any other liquidity event involving such Financing Securities in which cash is received in full satisfaction of such PIK Securities (including, but not limited to, a redemption in
full for cash of such Financing Securities by the Company); and 
 d) which shall be secured by a first
priority security interest, in form and substance reasonably satisfactory to Harbinger, in the PIK Securities. 

(8) Related Notice Provisions. 

a) In case the Company shall propose (I) to pay any dividend, make any interest payment or other payment or
distribution in respect of Financing Securities, in cash or in any form other than additional Securities, (II) any repurchase, retirement, redemption, refinancing, exchange, convert or other similar action with respect to Financing Securities,
(III) to effect any capital reorganization, (IV) to effect any consolidation, merger or sale, organic change, transfer or other disposition of all or substantially all of its property, assets or business, or (V) to effect the
liquidation, dissolution or winding up of the Company, then in each such case, at least twenty (20) Business Days before such action, the Company shall deliver to Pinnacle a written notice of such proposed action, which shall specify the date
on which a record is to be taken for the purposes of such dividend, interest or other payment or distribution or rights, or the date on which such repurchase, retirement, redemption, exchange or other similar action, refinancing, reclassification,
reorganization, consolidation, merger, sale, organic change, transfer, disposition, liquidation, dissolution, or winding up is to take place and the date of participation therein by the holders of Financing Securities, if any such date is to be
fixed, and shall also set forth such facts with respect thereto as shall be reasonably necessary to indicate the effect of such action on the Financing Securities. 

  

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 b) In case Harbinger or its Entity Affiliates shall propose to sell,
Transfer or otherwise dispose of all or a portion of its Financing Securities, then in each such case, at least twenty-five (25) Business Days before such action, Harbinger shall deliver to Pinnacle a written notice of such proposed action.
This twenty-five (25) Business Day notice period shall run concurrently with the time periods set forth in the various Transfer related provisions set forth in Article 3. 

(9) Harbinger and its Entity Affiliates each agree that, upon any exercise by Pinnacle or its Entity Affiliates of their
right pursuant to this Section 6.2 to acquire any Financing Securities, Harbinger and its Entity Affiliates shall transfer and assign good and marketable title to the relevant Financing Securities to Pinnacle or its Entity Affiliates free and
clear of any pledges, liens, encumbrances, security interests or other charges. 
 Section 6.3 Covenants of the
Company. 
 (a) Compliance Related Covenants 

(i) The Company and each of its Subsidiaries will (A) fully comply at all times with the U.S. Foreign Corrupt
Practices Act, as amended, and the Canadian Corruption of Foreign Public Officials Act, and (B) comply in all material respects with all other applicable domestic and foreign anti-bribery or anti-corruption laws and other Applicable Laws that
prohibit payments to improperly influence foreign or domestic government officials (collectively, the “Anti-Corruption Laws”). 
 (ii) The Company and each of its Subsidiaries will fully comply at all times with (A) all applicable U.S. and foreign government laws and regulations concerning the exportation of any products,
technology, technical data or services, including those administered by, without limitation, the U.S. Department of Commerce, the U.S. Department of State, and the U.S. Department of the Treasury, and (B) U.S. and international economic and
trade sanctions and anti-boycotting laws and regulations, including, but not limited to, those administered by the Office of Foreign Assets Control (“OFAC”), the Internal Revenue Service and other agencies within the U.S. Department
of the Treasury (collectively, the “Export Control and Economic Sanctions Laws”). 
 (iii) The
Company and each of its Subsidiaries will fully comply at all times with all applicable anti-money laundering legal and regulatory requirements to prevent and detect money laundering under U.S. or applicable foreign (collectively,
“Anti-Money Laundering Laws”). The Company and its Subsidiaries shall develop, implement, and maintain anti-money laundering compliance programs that are risk-based and reasonably designed to comply with applicable Anti-Money
Laundering Laws and to prevent and detect money laundering (“AML Programs”). The AML Programs shall include a person or persons with responsibility for overseeing the AML Program; procedures for identifying, verifying the identity
of, and conducting due diligence of customers on a risk basis and at certain monetary thresholds; reasonable procedures and processes for identifying and, where required or permitted by applicable laws and regulations, reporting to competent
government authorities suspicious activity; training for all appropriate personnel; and independent testing to assess compliance with and the effectiveness of the AML Programs. 

  

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 (iv) Neither the Company nor any of its Subsidiaries will, and the Company
and each of its Subsidiaries shall ensure that no director, officer, employee or agent, or distributor, consultant or Affiliate over which the Company exercises control, or other person acting on behalf of the Company or its Subsidiaries will, take
any action, either directly or indirectly, that would reasonably be expected to result in a violation of the Anti-Corruption Laws, the Export Control and Economic Sanctions Laws or the Anti-Money Laundering Laws, including but not limited to:

 (A) as applicable, making, offering, promising or authorizing any payment, contribution, gift, entertainment,
bribe, rebate, kickback, or any other thing of value, regardless of form or amount, to any (1) foreign or domestic government official or employee; (2) employee of a foreign or domestic government-owned or controlled entity;
(3) foreign or domestic political party, political official, or candidate for political office; or (4) any officer or employee of a public international organization, to obtain a competitive advantage, or to receive favorable treatment in
obtaining or retaining business; 
 (B) engaging in any sales, exports, re-exports, imports, transactions, or
other activities in, relating to, or involving, directly or indirectly, countries subject to U.S. economic sanctions, or that otherwise would be prohibited if performed by U.S. persons or entities; or 

(C) engaging in any transaction, investment, undertaking, or activity in violation of the criminal provisions against
money laundering under U.S. or applicable foreign law. 
 (v) The Company shall report to Pinnacle and Harbinger
any (A) commissions, fees, or political contributions made by the Company or any of its Subsidiaries, or a director, officer, employee, agent, distributor, consultant, affiliate, or other person acting on behalf of the Company or its
Subsidiaries; or (B) any corruption-related concerns or incidents relating to the Company or its Subsidiaries, including but not limited to requests for any thing of value from a government official or employee, or any political party or
candidate for political office, and offers or promises of any thing of value to a government official or employee, or any political party or candidate for political office by a director, officer, employee, agent, distributor, consultant, affiliate,
or other person acting on behalf of the Company or its Subsidiaries. Any such report shall be made promptly in writing and will detail the concern or incident, including by providing the nature, location, and employees or agents involved in the
incident, as well as any remedial measures taken. 

  

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 (vi) Notwithstanding anything to the contrary herein (including the
restrictions applicable to Pinnacle in Section 2.3 of this Agreement), for the purpose of confirming compliance with the covenants in this Section 6.3, the Company and its Subsidiaries shall permit Pinnacle and Harbinger each
of their duly authorized representatives or agents to inspect any of its assets or books and records, visit any of its properties, to conduct appraisals and valuations, to examine and make copies of its books and records, and to discuss its affairs,
finances, and accounts with, and to be advised as to the same by, its officers and employees at such reasonable times and intervals as Pinnacle or Harbinger may designate with reasonable prior notice to the Company and its Subsidiaries. 

(vii) The Company and its Subsidiaries shall comply with the requirements of all Gaming Laws, and the rules, regulations
and decrees, directives and orders of any Gaming Authority that are applicable to the Company or its Subsidiaries. 
 (b)
Additional Covenants. 
 (i) Indemnification Agreements. The Company shall use reasonable best
efforts and take all such steps as may reasonably be within its powers to enter into customary indemnification agreements with each of the Harbinger Directors and the Pinnacle Directors, which indemnification agreements shall be substantially
similar to and on no less favorable terms than the existing indemnification agreements between the Company and each member of the Board as in effect immediately prior to the execution of this Agreement. In addition, the Company shall use reasonable
best efforts and take all such steps as may reasonably be within its powers to enter into customary indemnification agreements with each the Harbinger Board Observer(s), the Pinnacle Board Observer(s) and the Pinnacle Advisor. 

(ii) No Grant of Conflicting Rights. The Company will not grant any rights to any party that would conflict with
this Agreement including without limitation rights of first refusal and consent rights, and will terminate, as soon as reasonably practicable, any agreements granting such rights that are in existence. 

(iii) The Company will comply (and will cause any Subsidiary to comply) with the requirements of all Applicable Laws
(including Environmental Laws), rules, regulations and decrees, directives and orders of any Governmental Authority that are applicable to it or to any of its properties or the properties of its Subsidiaries, except where non-compliance could not
reasonably be expected to have a Material Adverse Effect. 
 (iv) The Company will use its best efforts to
comply with the Investment Certificate and where it is unable to do so to make reasonable efforts to have the Investment Certificate amended, except where non-compliance could not reasonably be expected to have a Material Adverse Effect. 

(v) The Company will comply with the Lease, except where noncompliance could not reasonably be expected to have a
Material Adverse Effect. 

  

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 (vi) The Company will promptly give notice to Harbinger and Pinnacle upon
becoming aware of (A) any violation of any Environmental Law, (B) any claim, inquiry, proceeding, investigation or other action, including a request for information or a notice of potential liability under any Environmental Law, by or from
any Governmental Authority or any third party claimant, or (C) the discovery of the release of any hazardous material at, on, under or from any of its real or leasehold properties or any facility or equipment thereat in excess of reportable or
allowable standards or levels under any Environmental Law, in each case with respect to the properties and operations of the Company and/or its Subsidiaries, and in each case that could reasonably be expected to have a Material Adverse Effect.

 (vii) Except where failure to comply with this Section 6.3(b)(vii) could not reasonably be
expected to have a Material Adverse Effect, the Company will keep its and its Subsidiaries’ insurable properties adequately insured at all times by financially sound and reputable insurers; maintain such other insurance, to such extent and
against such risks, including fire and other risks insured against by extended coverage, as is usually maintained in the same general area by companies engaged in the same or similar businesses, including public liability insurance against claims
for personal injury or death or property damage occurring upon, in, about or in connection with the use of any properties owned, occupied or controlled by it or the use of any products sold by it; and maintain such other insurance as may be required
by Applicable Law. 
 (viii) The Company will keep the Policy in full force and effect and will use reasonable
commercial efforts to ensure that the Policy is complied with by the Company and its Subsidiaries in all material respects on an ongoing basis. 
 (ix) The Company shall provide each of Harbinger and Pinnacle, at the sole expense of the requesting party, with all information reasonably requested by it to enable it to satisfy their tax reporting
obligations arising out of the transactions contemplated by the 2012 Subscription Agreement. 
 Section 6.4 Additional
Covenants and Representations of the Parties. 
 (a) Harbinger Compliance with Obligations Under the BIDV Facility.
Notwithstanding anything in this Agreement to the contrary, Harbinger shall, and shall cause each of its Entity Affiliates other than the Company to perform their respective obligations under the BIDV Facility including, without limitation, the
Undertaking dated March 22, 2011, and shall not, or permit any of its Entity Affiliates to, exercise any rights or otherwise take or permit any actions including, without limitation, with respect to their Equity Securities in the Company
that could result in a Potential Event of Default or Event of Default under and as defined in the BIDV Facility, except any Potential Event of Default or Event of Default that may result from a Transfer of Securities that is required by Applicable
Law or pursuant to the terms and conditions of Section 3.1(a)(iii). Harbinger represents and warrants that as of the date of this Agreement, Harbinger and each of its Entity Affiliates are in compliance with their respective obligations
under the BIDV Facility and have not taken any actions that could result in a Potential Event of Default or Event of Default under and as defined in the BIDV Facility. 

  

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 (b) Back-Stop Loan Agreement. For so long as Pinnacle is not party to the Back-Stop
Loan Agreement, Harbinger shall not permit any amendment or modification to the Back-Stop Loan Agreement and the documents evidencing or otherwise securing same without first obtaining Pinnacle’s express written consent determined in
Pinnacle’s sole discretion if such amendment or modification seeks to (i) decrease the amount available for borrowing thereunder, (ii) increase the interest payable for borrowings thereunder, shorten the term of the loans available
thereunder, or (iii) increase the collateral provided as security therefor; otherwise, such consent may not be unreasonably denied or delayed. Any request for Pinnacle’s consent to an amendment or modification shall, to be effective, be
accompanied by a reasonably detailed explanation of the proposed amendment or modification and the underlying reasons therefor or purpose, and provide Pinnacle with all appropriate documents that may be necessary to properly evaluate the propriety
of the proposed amendment, together with a draft effecting same. The forgoing consent provisions shall not apply in respect of prepayments made by the Company. 
 (c) Confirmation of Pinnacle’s Rights. Harbinger and Pinnacle (but not the Company) agree as follows: 
 (i) in the event that (A) an Additional Equity Event has occurred, (B) top-up adjustments in favour of Harbinger and its Entity Affiliates under Section 3.7 of the 2011 Harbinger
Subscription Agreement and in favour of Pinnacle and its Entity Affiliates under Section 3.6 of the Pinnacle Subscription Agreement in respect of such Additional Equity Event, if any, have been completed (the “Top-Up
Adjustments”), (C) after the completion of the Top-Up Adjustments, if any, Pinnacle and its Entity Affiliates do not own a number of Common Shares equal to the Target Percentage (as defined in the Pinnacle Subscription Agreement on the
assumption that Additional Equity Event has the meaning specified in this Agreement and the time for determination of the Target Percentage is immediately prior to the Additional Equity Event), and (D) Harbinger and its Entity Affiliates have
Harbinger Zero Consideration Rights in connection with such Additional Equity Event and such Harbinger Zero Consideration Rights have resulted in an equity issuance or adjustment in favour of Harbinger and/or its Entity Affiliates (a
“Harbinger Equity Adjustment”), then Harbinger, on behalf of itself and its Entity Affiliates, shall take all necessary action to cause Common Shares held by Harbinger and/or its Entity Affiliates to be transferred promptly to
Pinnacle and its Entity Affiliates, such that following the Additional Equity Event, the Harbinger Equity Adjustment and such transfer of Common Shares, Pinnacle and its Entity Affiliates own a number of Common Shares as is equal to the Target
Percentage (defined as indicated above); and 
 (ii) in the event that (A) no Additional Equity Event has occurred and
therefore paragraph (c)(i) above does not apply and (B) Harbinger and its Entity Affiliates have Harbinger Zero Consideration Rights and such Harbinger Zero Consideration Rights have resulted in an equity issuance or adjustment in favour of
Harbinger and/or its Entity Affiliates (a “Non-Claim Adjustment”), then Harbinger, on behalf of itself and its Entity Affiliates, shall take all necessary action to cause Common Shares held by Harbinger and/or its Entity Affiliates
to be transferred promptly to Pinnacle and its Entity Affiliates, such that following the Non-Claim Adjustment and such transfer of Common Shares, Pinnacle and its Entity Affiliates own a number of Common Shares as is equal to the Target Percentage
(as defined in the Pinnacle Subscription Agreement on the assumption that the time for determination of the Target Percentage is immediately prior to the event that gives rise to such Non-Claim Adjustment). 

  

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 (iii) In the event of the transfer by Harbinger or its Entity Affiliates of all or any
portion of the Harbinger Zero Consideration Rights, the transferee shall as a condition to the completion of such transfer assume the obligations of Harbinger and its Entity Affiliates hereunder related to the Harbinger Zero Consideration Rights so
acquired. Such assumption of such obligations shall be in writing in a form reasonably satisfactory to Pinnacle. For the avoidance of doubt, the obligation of a transferor to ensure that a transferee of Harbinger Zero Consideration Rights assumes
the obligations hereunder related to the Harbinger Zero Consideration Rights so acquired shall apply to successive transfers of Harbinger Zero Consideration Rights and to subsequent transferors and transferees thereof. 

(d) Confirmation For purposes of clarity, the foregoing provisions of Section 6.4(c) are not intended to duplicate the
rights of Pinnacle under Section 3.6 of the Pinnacle Subscription Agreement, or any other equity adjustment rights in favour of Pinnacle, and the provisions of such section shall be applied and construed accordingly. The parties acknowledge
that nothing contained in Section 6.4(c) shall derogate from or limit the rights of Pinnacle and its Entity Affiliates under Section 3.6 of the Pinnacle Subscription Agreement, nor shall anything contained in
Section 6.4(c) derogate from or limit the rights of Harbinger and its Entity Affiliates under Section 3.7 of the 2011 Harbinger Subscription Agreement. 
 (e) Zero Consideration Issuance Protection Rights. Harbinger, on behalf of itself and its Entity Affiliates, agrees that any Harbinger Zero Consideration Rights shall terminate and be of no further
force or effect upon (i) the consummation of a Qualified IPO, unless and to the extent that Harbinger and Pinnacle mutually agree in writing that such rights should not be terminated upon the consummation thereof, or (ii) the conversion of
all Series V Preferred Shares and Class VI Preferred Shares in a Qualifying Conversion. Harbinger, on behalf of itself and its Entity Affiliates, further agrees that (i) neither the issuance nor exercise of the Pinnacle Option, any Pinnacle
Backstop Warrant, any Additional Backstop Warrant, any Alternate Backstop Warrant, any May 2013 Warrant or any Alternate May 2013 Warrant is a zero consideration issuance and (ii) neither such issuance or such exercise shall give rise to any
anti-dilution adjustment, zero consideration adjustment or other similar anti-dilution or zero consideration equity adjustment or equity issuance rights in favor of Harbinger or any of its Entity Affiliates. 

(f) Taxes. In the event that an advance of funds by or on behalf of the Company to HTPCL, including without limitation by way of
loan, equity contribution or charter capital contribution, gives rise for Canadian income tax purposes to a deemed dividend in favour of any of Harbinger, Pinnacle or any Entity Affiliate of such parties (each an “Affected Tax
Party”) (as determined by the relevant Affected Tax Party, acting reasonably), whether under existing or draft legislation (but in the case of draft legislation only where the draft legislation is intended to retroactively apply to the
period of time which includes the date of the advance) (the “Tax Legislation”), the Company shall account for and remit to the appropriate tax authority the entirety of the tax otherwise payable by each Affected Tax Party in respect
of such deemed dividend on behalf of the relevant Affected Tax Party. Such remittance shall be made at the date that the investment is made in HTPCL for purposes of Section 212.3 of the Income Tax Act (Canada) or such other date as
required by law, and evidence of payment of such withholding tax shall be provided to the relevant Affected Tax Party. The Company’s obligation to pay withholding tax pursuant hereto shall not extend to any investment made by the Company in
HTPCL from the US $60,000,000 subscription funds paid to the Company for Class VI Shares pursuant to the 2012 Subscription Agreement or any Replacement Funding which replaces any portion of the said US $60,000,000. Each of the parties hereto shall
use reasonable commercial efforts to exclude themselves and their respective Entity Affiliates from the operation of the provisions of the Tax Legislation which could reasonably impose any such deemed dividend, including by filing elections as
required to reduce or avoid the aforementioned deemed dividend; provided, however, and for greater certainty, that such reasonable commercial efforts shall not impose upon any party or any of its Entity Affiliates (i) any restriction from
reorganizing its corporate structure or transferring its securities of the Company, or (ii) any requirement to reorganize its corporate structure or transfer its securities of the Company. In the event that the remittance is made and ultimately
refunded to any Affected Tax Party, in whole or in part, any such refunded amount shall be held in trust by the Affected Tax Party for the benefit of the Company and returned to the Company forthwith. 

  

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 Section 6.5 Backstop Lookback Protection 

(a) During the Backstop Lookback Period, Pinnacle (together with its Entity Affiliates) shall have the right to require each Backstop
Lender to assign to Pinnacle up to the Backstop Proportionate Amount of each Backstop Advance made by, or for and on behalf of, such Backstop Lender as calculated below: 

(i) up to but not including the First Backstop Anniversary, Pinnacle (together with its Entity Affiliates) shall
have the right, by delivering written notice to the Harbinger Agent, to require each Backstop Lender to assign to Pinnacle up to the Backstop Proportionate Amount of each Backstop Advance made by, or for and on behalf of, such Backstop Lender; and

 (ii) from the First Backstop Anniversary up to and including the Third Backstop Anniversary, Pinnacle
(together with its Entity Affiliates) shall have the right, by delivering written notice to the Harbinger Agent, to require each Backstop Lender to assign to Pinnacle up to the Sliding Proportionate Backstop Amount of each Backstop Advance made by,
or for and on behalf of, such Backstop Lender. For purposes of this subsection, the “Sliding Proportionate Backstop Amount” means an amount determined by multiplying (A) the Backstop Proportionate Amount by (B) the
quotient obtained by dividing (1) the total number of days between (and including) (x) the date of exercise of Pinnacle’s right to purchase the Sliding Proportionate Backstop Amount and (y) the Third Backstop Anniversary, by
(2) seven hundred and thirty (730). Such adjustment to the Backstop Proportionate Amount in arriving at the Sliding Proportionate Backstop Amount shall be referred to as the “Sliding Backstop Adjustment”. 

(b) Solely for purposes of this Section 6.5: 

(i) the “Backstop Proportionality Factor” applicable to an assignment to Pinnacle and its Entity
Affiliates pursuant to this Section 6.5 of a portion of a Backstop Advance shall equal: 
 (A)
twenty-seven percent (27%); multiplied by 

  

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 (B) the Sliding Backstop Adjustment, if and as applicable. 

(ii) the “ Backstop Proportionate Amount” applicable to an assignment to Pinnacle and its Entity
Affiliates pursuant to this Section 6.5 of a portion of a Backstop Advance shall equal: 
 (A)
twenty-seven percent (27%), multiplied by  
 (B) the amount of such Backstop Advance, net of any
repayments or prepayments thereon. 
 (c) In the event of a sale, transfer or other disposition by a Backstop Lender of all or
any portion the Backstop Advances or the Additional Backstop Warrants (the Backstop Advances, the Additional Backstop Warrants and any Backstop PIK Securities are each referred to herein as a “Backstop Asset” and, collectively, as
the “Backstop Assets”) to an unaffiliated third party which would cause such Backstop Lender to hold less than twenty-seven percent (27%) of its original interest in any Backstop Asset (the “Minimum Backstop Retained
Original Interest”), such transferee shall, as a condition to the completion of such sale, transfer or other disposition, assume the obligations of such Backstop Lender hereunder, provided, however, only in respect of such
portion of the percentage of the Backstop Asset so acquired by the transferee as relates to the shortfall in such Backstop Lender’s Minimum Backstop Retained Original Interest; provided, however that in the event of a sale,
transfer or other disposition by a Backstop Lender of all or any portion a Backstop Asset to Harbinger or any of its Entity Affiliates, such transferee shall, as a condition to the completion of such sale, transfer or other disposition, assume the
obligations of a Backstop Lender hereunder related to the percentage of the Backstop Asset so acquired; provided, further that the required assumption of the obligations of a Backstop Lender under this Section 6.5(c) shall
not apply in the case of a sale, transfer or other disposition by a Backstop Lender to Pinnacle or its Entity Affiliates. An assumption of the obligations by a transferee as set forth in and required by this Section 6.5(c) shall be in
writing in a form reasonably satisfactory to Pinnacle. For the avoidance of doubt, the obligation of a transferor to ensure that a transferee of a Backstop Asset becomes subject to this Section 6.5(c) and assumes the obligations
hereunder relating to such Backstop Asset shall apply to successive sales, transfers and other dispositions of such Backstop Asset and to subsequent transferors and transferees thereof, except in the case of a transfer to Pinnacle or its Entity
Affiliates. 
 (d) The purchase price payable by Pinnacle (or its Entity Affiliates purchasing a part of a Backstop Advance) to
a Backstop Lender for an assignment of a part of a Backstop Advance under this Section 6.5 shall be an amount equal to one hundred percent (100%) of the original principal amount of the portion of such Backstop Advance being
assigned, net of any repayments or prepayments received by such Backstop Lender as of immediately prior to the effective time of such assignment to Pinnacle or its Entity Affiliates. Such assignment shall exclude any and all accrued but unpaid
interest on the original principal amount of such Backstop Advance so assigned up to (but not including) the date of such assignment, which excluded interest shall continue to be payable by the Company to that Backstop Lender. 

(e) The parties shall consummate such assignment (including the assignments of Additional Backstop Warrants contemplated by
Section 6.5(f) and of Backstop PIK Securities contemplated by Section 6.5(g)) by a Backstop Lender to Pinnacle on a Business Day within fifteen (15) Business Days of the giving of such written notice of exercise by
Pinnacle to the Harbinger Agent. The assigning Backstop Lender or Pinnacle shall deliver to the Company the fully executed document(s) pursuant to which such assignment was effected, together with all information reasonably required by the Company
to determine the appropriate future payments to be made by the Company to the assigning Backstop Lender and Pinnacle in respect of such Backstop Advance. 

  

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 (f) The right of Pinnacle (together with its Entity Affiliates) to require an assignment of
a part of a Backstop Advance pursuant to this Section 6.5 shall include the right of Pinnacle to acquire from the relevant Backstop Lender on the date of such assignment, at no additional cost to Pinnacle, subject to compliance with
Applicable Laws, Additional Backstop Warrants covering the number of Common Shares equal to (A) the number of Common Shares covered by the Additional Backstop Warrants originally issued to such Backstop Lender (as such number of Common Shares
may be adjusted pursuant to the terms of such Additional Backstop Warrants), multiplied by (B) the Backstop Proportionality Factor, multiplied by (C)(1) the amount of the part of the Backstop Advance(s) acquired by
Pinnacle (and/or its Entity Affiliates) from the relevant Backstop Lender, divided by (2) the total amount of the Backstop Advances that Pinnacle (and its Entity Affiliates) are entitled to acquire from such Backstop Lender
pursuant to Section 6.5(a) as of the date of such assignment (and for the avoidance of doubt, Pinnacle and its Entity Affiliates shall remain entitled to acquire such Additional Backstop Warrants covering their full entitlement of Common Shares
notwithstanding any repayment or prepayment of the associated Backstop Advance); provided, however, that, such Additional Backstop Warrants shall be assigned to Pinnacle and/or its Entity Affiliates notwithstanding that such assigned
Additional Backstop Warrants have been exercised in part prior to such assignment, and Pinnacle and/or its Entity Affiliates shall have the benefit of all remaining rights of such assigned Additional Backstop Warrants, including without limitation,
the right to an increase in the Additional Backstop Entitlement pursuant to Section 6.8. 
 For the avoidance of doubt, any sales,
transfers or other dispositions by Harbinger of any Backstop Advances or Additional Backstop Warrants to any Persons other than Pinnacle and its Entity Affiliates shall not reduce the amount of Additional Backstop Warrants that Pinnacle or its
Entity Affiliates are entitled to acquire pursuant to this Section 6.5(f). 
 (g) The right of Pinnacle (together
with its Entity Affiliates) to purchase a part of a Backstop Advance together with a portion of the Additional Backstop Warrants under this Section 6.5 shall include the right of Pinnacle (together with its Entity Affiliates) to acquire
from Harbinger and its Entity Affiliates, at the time of its purchase of a portion of such Backstop Advance and associated Additional Backstop Warrants , at a purchase price and on the timing set forth below, all Securities (other than the
Additional Backstop Warrants themselves, which shall be included in the assignment of such Backstop Advance and other than Common Shares issued upon exercise of the Additional Backstop Warrants not in contravention of the terms of this Agreement)
received by, or accrued in favour of, Harbinger and its Entity Affiliates in respect of such Backstop Advance or Additional Backstop Warrants as dividends (including, without limitation, accrued but undeclared dividends) or other payments or
distributions (excluding interest (whether paid or accrued and unpaid) on such Backstop Advance up to (but not including) the date of such purchase by Pinnacle (or its Entity Affiliates)) since the time Harbinger and/or its Entity Affiliates made
such Backstop Advance (the “Backstop PIK Securities”). For greater certainty, Backstop PIK Securities as defined herein shall exclude Original Backstop Warrants and all Securities and other returns or distributions received by
Harbinger and its Affiliates in respect thereof. 

  

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 (h) Pinnacle shall pay the consideration for Backstop PIK Securities by issuing one or more
promissory notes to Harbinger or its applicable Entity Affiliate: 
 (i) with an aggregate principal amount
equal to the value of the Backstop PIK Securities; 
 (ii) bearing no interest; 

(iii) with the term (with payment in full being due on the last day of the term) being a period of time equal to the
earliest to occur of (A) five (5) years, (B) a bona fide sale by Pinnacle of such Backstop PIK Securities to an unaffiliated third party, or any other liquidity event involving such Backstop PIK Securities in which cash is
received in full satisfaction of such Backstop PIK Securities (including, but not limited to, a redemption in full for cash of such Backstop PIK Securities by the Company), or (C) a bona fide sale by Harbinger or its Entity Affiliates of
all, but not less than all, of the Backstop Advances related to the Backstop PIK Securities by Harbinger or its Entity Affiliates to an unaffiliated third party, or any other liquidity event involving such Backstop Advances in which cash is received
in full satisfaction of such Backstop PIK Securities (including, but not limited to, a repayment in full for cash of such Backstop Advances by the Company and termination of any further obligation to lend with respect thereto); and 

(iv) which shall be secured by a first priority security interest, in form and substance reasonably satisfactory to
Harbinger, in the Backstop PIK Securities. 
 (i) Each Backstop Lender agrees, upon any exercise by Pinnacle or its Entity
Affiliates of their right to acquire any Backstop Assets of such Backstop Lender, to transfer and assign good and marketable title to the relevant Backstop Assets held by such Backstop Lender to Pinnacle or its Entity Affiliates free and clear of
any pledges, liens, encumbrances, security interests or other charges (collectively hereinafter, “Liens”). In the event that upon such exercise, in Pinnacle’s reasonable determination, a Backstop Lender is not able to assign
good and marketable title to any relevant Backstop Asset to Pinnacle or its Entity Affiliates free and clear of Liens (such lender in such case, a “Proposed Transferor Backstop Lender”), then in addition to all other remedies at law
and/or in equity that Pinnacle and/or its Entity Affiliates may have against such Proposed Transferor Backstop Lender, upon Pinnacle’s written notice to the Company (which notice shall state that Pinnacle had attempted to acquire Backstop
Assets from such Proposed Transferor Backstop Lender identified in such notice in accordance with Section 6.5(a) and Section 6.5(f)), the following transactions shall be consummated so as to afford Pinnacle, to the maximum
extent possible, the full benefit of its rights under Section 6.5 and Section 6.8: 

  

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 (i) Pinnacle and/or its Entity Affiliates shall lend and the Company shall
borrow from Pinnacle and/or its Entity Affiliates, on substantially the same terms and conditions as the Backstop Advance (including with respect to maturity, interest rate and other terms), a principal amount equal to the portion of the Payment
Amount (as such term is defined in the Backstop Loan Agreement) of the Backstop Advance that Pinnacle and/or its Entity Affiliates sought to acquire from such Proposed Transferor Backstop Lender (such loan, an “Alternate Backstop
Loan”). In the event that Pinnacle or one of its Entity Affiliates makes an Alternate Backstop Loan, Pinnacle or such Entity Affiliate shall be and become a Backstop Lender for all purposes of this Agreement as if Pinnacle or such Entity
Affiliate had received an assignment of a portion of a Backstop Advance from the Proposed Transferor Backstop Lender as the Backstop Lender under Section 6.5(a). The Company shall deliver appropriate documentation, in form and substance
reasonably satisfactory to Pinnacle, evidencing such Alternate Backstop Loan to Pinnacle and/or its Entity Affiliates (such documentation referred to as the “Alternate Backstop Note”); 

(ii) the Company agrees to apply all the cash proceeds of the Alternate Backstop Loan promptly to prepay to such Proposed
Transferor Backstop Lender its respective portion of such Backstop Advance that Pinnacle and/or its Entity Affiliates had intended to acquire from such Proposed Transferor Backstop Lender; 

(iii) the holder of an Alternate Backstop Note shall be entitled to its proportionate interest in all of the benefits and
security afforded to the Backstop Lenders under and pursuant to the Backstop Loan Agreement. The Company, Harbinger and each of Harbinger’s relevant Entity Affiliates agree to execute and deliver all instruments and agreements, and to consent
to such registrations, as may be required in the opinion of Pinnacle, acting reasonably, to properly entitle Pinnacle to all of the rights it would otherwise have been entitled to receive as if the Backstop Assets referable to the Backstop Advance,
as replaced by the Alternate Backstop Loan, were assigned to Pinnacle by such Proposed Transferor Backstop Lender; 
 (iv) the number of Common Shares covered by the Additional Backstop Warrants of such Proposed Transferor Backstop Lender shall be automatically reduced, and without requirement of any action on the part
of such Proposed Transferor Backstop Lender, by the number of Common Shares that would have been covered by an Additional Backstop Warrant (or portion thereof) assigned to Pinnacle and/or its Entity Affiliates pursuant to Section 6.5(f),
and the Company shall notify such Proposed Transferor Backstop Lender of the calculation of such reduction, which calculation shall be conclusive absent manifest error; 

(v) the Company agrees to and shall issue a warrant (an “Alternate Backstop Warrant”) to Pinnacle or its
Entity Affiliates, in form and substance substantially identical to the form of Additional Backstop Warrants issued to such Proposed Transferor Backstop Lender (including an Additional Backstop Entitlement, which is subject to increase pursuant to
Section 6.8, but excluding any of the provisions as shall not be applicable to Pinnacle and its Entity Affiliates including, without limitation, any restriction on exercise and any automatic reduction in the shares covered by such
warrant relating to PNK Prepayments) covering the number of Common Shares covered by Additional Backstop Warrants Pinnacle and/or its Entity Affiliates sought to acquire from such Proposed Transferor Backstop Lender under Section 6.5(f).
An Alternate Backstop Warrant shall be an Additional Backstop Warrant for all purposes of this Agreement as if Pinnacle or such Entity Affiliate had received an assignment of all or a portion of an Additional Backstop Warrant from a Backstop Lender
under Section 6.5(f); 

  

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 (vi) the Additional Backstop Entitlement of such Alternate Backstop Warrant
shall be adjusted pursuant to the anti-dilution adjustments in Section 6.8 in the case of a Qualifying Issuance, whether such Qualifying Issuance occurred prior or subsequently to, or concurrently with, the issuance of such Alternate
Backstop Warrant; and 
 (vii) for greater clarity, the references to “Backstop Lender” and
“Proposed Transferor Backstop Lender” in this Section 6.5(i) shall not include Pinnacle and/or its Entity Affiliates. 
 (j) Each Backstop Lender agrees that, during the Backstop Lookback Period, it shall not exercise any Additional Backstop Warrant it holds with respect to more than seventy-three percent (73%) of
securities comprising the portion of the original Additional Backstop Entitlement (as adjusted pursuant to the terms of such Additional Backstop Warrant) exercisable on a cumulative basis under the terms of such Additional Backstop Warrant. Any
attempted exercise by such Backstop Lender of any portion of such Additional Backstop Warrants as relates to more than such seventy-three percent (73%) of such securities, as aforementioned, shall be null and void, of no force or effect
whatsoever, and shall not be honoured by the Company. 
 Section 6.6 May 2013 Loan Agreement Lookback
Protection 
 (a) During the May 2013 Lookback Period, Pinnacle (together with its Entity Affiliates) shall have the right
to require each May 2013 Harbinger Lender to assign to Pinnacle up to the May 2013 Proportionate Amount of all May 2013 Advances made by, or for and on behalf of, such May 2013 Harbinger Lender as calculated below: 

(i) up to but not including the First May 2013 Anniversary, Pinnacle (together with its Entity Affiliates) shall
have the right, by delivering written notice to the Harbinger Agent, to require each May 2013 Harbinger Lender to assign to Pinnacle up to the May 2013 Proportionate Amount of all May 2013 Advances made by, or for and on behalf of, such May 2013
Harbinger Lender; and 
 (ii) from the First May 2013 Anniversary up to and including the Third May 2013
Anniversary, Pinnacle (together with its Entity Affiliates) shall have the right, by delivering written notice to the Harbinger Agent, to require each May 2013 Harbinger Lender to assign to Pinnacle up to the Sliding Proportionate May 2013 Amount of
all May 2013 Advances made by, or for and on behalf of, such May 2013 Harbinger Lender. For purposes of this subsection, the “Sliding Proportionate May 2013 Amount” means an amount determined by multiplying (A) the May 2013
Proportionate Amount by (B) the quotient obtained by dividing (1) the total number of days between (and including) (x) the date of exercise of Pinnacle’s right to purchase the Sliding Proportionate May 2013 Amount and
(y) the Third May 2013 Anniversary, by (2) seven hundred and thirty (730). Such adjustment to the May 2013 Proportionate Amount in arriving at the Sliding Proportionate May 2013 Amount shall be referred to as the “Sliding May 2013
Adjustment”. 

  

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 (b) Solely for purposes of this Section 6.6: 

(i) the “May 2013 Proportionate Amount” applicable to an assignment to Pinnacle and its Entity
Affiliates pursuant to this Section 6.6 of a portion of all May 2013 Advances made by, or for and on behalf of, a May 2013 Harbinger Lender shall equal: 

(A) twenty-seven percent (27%), multiplied by  

(B) the amount of all such May 2013 Advances, net of any repayments or prepayments thereon; minus

 (C) the product of: 

(1) the portion of any Pinnacle Advance (excluding PNK Prepayments under the May 2013 Loan Agreement) made by Pinnacle
pursuant to the May 2013 Loan Agreement, which reduced dollar-for-dollar the obligation of such May 2013 Harbinger Lender to make a loan advance under the May 2013 Loan Agreement, multiplied by  

(2) seventy-three percent (73%). 
 (c) In the event of a sale, transfer or other disposition by a May 2013 Harbinger Lender of all or any portion the May 2013 Advances, the May 2013 Warrants or all or any portion of its commitment under
the May 2013 Loan Agreement to make a May 2013 Advance (the May 2013 Advances, the May 2013 Warrants, such commitment under the May 2013 Loan Agreement to make a May 2013 Advance and any May 2013 PIK Securities are each referred to herein as a
“May 2013 Asset” and, collectively, as the “May 2013 Assets”) to an unaffiliated third party which would cause such May 2013 Harbinger Lender to hold less than twenty-seven percent (27%) of its original
interest in any May 2013 Asset (the “Minimum May 2013 Retained Original Interest”), such transferee shall, as a condition to the completion of such sale, transfer or other disposition, assume the obligations of such May 2013
Harbinger Lender hereunder, provided, however, only in respect of such portion of the percentage of the May 2013 Asset so acquired by the transferee as relates to the shortfall in such May 2013 Harbinger Lender’s Minimum May 2013
Retained Original Interest; provided, however that in the event of a sale, transfer or other disposition by a May 2013 Harbinger Lender of all or any portion a May 2013 Asset to Harbinger or any of its Entity Affiliates, such
transferee shall, as a condition to the completion of such sale, transfer or other disposition, assume the obligations of a May 2013 Harbinger Lender hereunder related to the percentage of the May 2013 Asset so acquired; provided,
further that the required assumption of the obligations of a May 2013 Harbinger Lender under this Section 6.6(c) shall not apply in the case of a sale, transfer or other disposition by a May 2013 Harbinger Lender to Pinnacle or
its Entity Affiliates. An assumption of the obligations by a transferee as set forth in and required by this Section 6.6(c) shall be in writing in a form reasonably satisfactory to Pinnacle. For the avoidance of doubt, the obligation of
a transferor to ensure that a transferee of a May 2013 Asset becomes subject to this Section 6.6(c) and assumes the obligations hereunder relating to such May 2013 Asset shall apply to successive sales, transfers and other dispositions
of such May 2013 Asset and to subsequent transferors and transferees thereof, except in the case of a transfer to Pinnacle or its Entity Affiliates. 

  

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 (d) The purchase price payable by Pinnacle (or its Entity Affiliates purchasing a part of a
May 2013 Advance) to a May 2013 Harbinger Lender for an assignment of a part of a May 2013 Advance under this Section 6.6 shall be an amount equal to one hundred percent (100%) of the original principal amount of the portion of such
May 2013 Advance being assigned, net of any repayments or prepayments received by such May 2013 Harbinger Lender as of immediately prior to the effective time of such assignment to Pinnacle or its Entity Affiliates. Such assignment shall exclude any
and all accrued but unpaid interest on the original principal amount of such May 2013 Advance so assigned up to (but not including) the date of such assignment, which excluded interest shall continue to be payable by the Company to that May 2013
Harbinger Lender. 
 (e) The parties shall consummate such assignment (including the assignments of May 2013 Warrants
contemplated by Section 6.6(f) and of May 2013 PIK Securities contemplated by Section 6.6(g)) by a May 2013 Harbinger Lender to Pinnacle on a Business Day within fifteen (15) Business Days of the giving of such written
notice of exercise by Pinnacle to the Harbinger Agent. The assigning May 2013 Harbinger Lender or Pinnacle shall deliver to the Company the fully executed document(s) pursuant to which such assignment was effected, together with all information
reasonably required by the Company to determine the appropriate future payments to be made by the Company to the assigning May 2013 Harbinger Lender and Pinnacle in respect of such May 2013 Advance. 

(f) The right of Pinnacle (together with its Entity Affiliates) to require an assignment from each May 2013 Harbinger Lender of a part of
all May 2013 Advances made by, or for and on behalf of, such May 2013 Harbinger Lender pursuant to this Section 6.6 shall include the right of Pinnacle to acquire from each May 2013 Harbinger Lender on the date of such assignment, at no
additional cost to Pinnacle, subject to compliance with Applicable Laws, the May 2013 Warrants of each type of May 2013 Warrant (i.e., May 2013 Minimum Warrants and May 2013 Primary Warrants) issued to such May 2013 Harbinger Lender (including
pursuant to any future entitlement to May 2013 Primary Warrants issuable upon a Qualifying Conversion associated with the portion of all May 2013 Advances acquired by Pinnacle from such May 2013 Harbinger Lender, as described in the next following
sentence) covering the number of Class VII Non-Voting Shares equal to: 
 (i)(A) for each type of May 2013
Warrant, the number of Class VII Non-Voting Shares covered by such type of May 2013 Warrant, in the aggregate, originally issued to such May 2013 Harbinger Lender (as such number of Class VII Non-Voting Shares may be adjusted pursuant to the terms
of such May 2013 Warrants), multiplied by  
 (B) twenty-seven percent (27%); minus

 (C) the product of: 

  

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 (1) the number of Class VII Non-Voting Shares covered by such type of May
2013 Warrant associated with the portion of any Pinnacle Advance (excluding PNK Prepayments under the May 2013 Loan Agreement) made by Pinnacle pursuant to the May 2013 Loan Agreement, which reduced dollar-for-dollar the obligation of such May 2013
Harbinger Lender to make a loan advance under the May 2013 Loan Agreement; multiplied by  
 (2)
seventy-three percent (73%); 
 (ii) multiplied by (1) the portion of the May 2013 Advance(s)
acquired by Pinnacle (and/or its Entity Affiliates) from such May 2013 Harbinger Lender, divided by (2) the maximum portion of the May 2013 Advances that Pinnacle (and its Entity Affiliates) are entitled to acquire from such May
2013 Harbinger Lender pursuant to Section 6.6(a) as of the date of such assignment (and for the avoidance of doubt, Pinnacle and its Entity Affiliates shall remain entitled to acquire such May 2013 Warrants covering their full entitlement of
Class VII Non-Voting Shares notwithstanding any repayment or prepayment of the associated May 2013 Advance); 

(iii) multiplied by the Sliding May 2013 Adjustment, if and as applicable; 

provided, however, that, such May 2013 Warrants shall be assigned to Pinnacle and/or its Entity Affiliates notwithstanding that such
assigned May 2013 Warrants have been exercised by the relevant May 2013 Harbinger Lender in part prior to such assignment, and Pinnacle and/or its Entity Affiliates shall have the benefit of all remaining rights of such assigned May 2013 Warrants.
In the event that, following Pinnacle’s exercise of its right to acquire a portion of such May 2013 Advance(s) from such May 2013 Harbinger Lender, May 2013 Primary Warrants are issued to such assigning May 2013 Harbinger Lender in respect of a
May 2013 Advance by such May 2013 Harbinger Lender, such May 2013 Harbinger Lender shall promptly assign such May 2013 Primary Warrants to Pinnacle covering the number of Class VII Non-Voting Shares pursuant to the formula in the preceding sentence
as if such May 2013 Primary Warrants had been issued to such May 2013 Harbinger Lender prior to Pinnacle’s exercise of its right to acquire a portion of such May 2013 Advance(s) from such May 2013 Harbinger Lender. 

For the avoidance of doubt, any sales, transfers or other dispositions by Harbinger of any May 2013 Advances or May 2013 Warrants to any
Persons other than Pinnacle and its Entity Affiliates shall not reduce the amount of May 2013 Warrants that Pinnacle or its Entity Affiliates are entitled to acquire pursuant to this Section 6.6(f). 

(g) The right of Pinnacle (together with its Entity Affiliates) to purchase a part of a May 2013 Advance together with a portion of the
May 2013 Warrants under this Section 6.6 shall include the right of Pinnacle (together with its Entity Affiliates) to acquire from Harbinger and its Entity Affiliates, at the time of its purchase of a portion of such May 2013 Advance and
associated May 2013 Warrants, at a purchase price and on the timing set forth below, all Securities (other than the May 2013 Warrants themselves, which shall be included in the assignment of such May 2013 Advance and other than Class VII Non-Voting
Shares issued upon exercise of the May 2013 Warrants not in contravention of the terms of this Agreement) received by, or accrued in favour of, Harbinger and its Entity Affiliates in respect of such May 2013 Advance or May 2013 Warrants as dividends
(including, without limitation, accrued but undeclared dividends) or other payments or distributions (excluding interest (whether paid or accrued and unpaid) on such May 2013 Advance up to (but not including) the date of such purchase by Pinnacle
(or its Entity Affiliates)) since the time Harbinger and/or its Entity Affiliates made such May 2013 Advance (the “May 2013 PIK Securities”). 

  

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 (h) Pinnacle shall pay the consideration for May 2013 PIK Securities by issuing one or more
promissory notes to Harbinger or its applicable Entity Affiliate: 
 (i) with an aggregate principal amount
equal to the value of the May 2013 PIK Securities; 
 (ii) bearing no interest; 

(iii) with the term (with payment in full being due on the last day of the term) being a period of time equal to the
earliest to occur of (A) five (5) years, (B) a bona fide sale by Pinnacle of such May 2013 PIK Securities to an unaffiliated third party, or any other liquidity event involving such May 2013 PIK Securities in which cash is
received in full satisfaction of such May 2013 PIK Securities (including, but not limited to, a redemption in full for cash of such May 2013 PIK Securities by the Company), or (C) a bona fide sale by Harbinger or its Entity Affiliates of
all, but not less than all, of the May 2013 Advances related to the May 2013 PIK Securities by Harbinger or its Entity Affiliates to an unaffiliated third party, or any other liquidity event involving such May 2013 Advances in which cash is received
in full satisfaction of such May 2013 PIK Securities (including, but not limited to, a repayment in full for cash of such May 2013 Advances by the Company and termination of any further obligation to lend with respect thereto); and 

(iv) which shall be secured by a first priority security interest, in form and substance reasonably satisfactory to
Harbinger, in the May 2013 PIK Securities. 
 (i) Each May 2013 Harbinger Lender agrees, upon any exercise by Pinnacle or its
Entity Affiliates of their right to acquire any May 2013 Assets of such May 2013 Harbinger Lender, to transfer and assign good and marketable title to the relevant May 2013 Assets held by such May 2013 Harbinger Lender to Pinnacle or its Entity
Affiliates free and clear of any Liens. In the event that upon such exercise, in Pinnacle’s reasonable determination, a May 2013 Harbinger Lender is not able to assign good and marketable title to any relevant May 2013 Asset to Pinnacle or its
Entity Affiliates free and clear of Liens (such lender in such case, a “Proposed May 2013 Lender Transferor”), then in addition to all other remedies at law and/or in equity that Pinnacle and/or its Entity Affiliates may have
against such Proposed May 2013 Lender Transferor, upon Pinnacle’s written notice to the Company (which notice shall state that Pinnacle had attempted to acquire May 2013 Assets from such Proposed May 2013 Lender Transferor identified in such
notice in accordance with Section 6.6(a) and Section 6.6(f)), the following transactions shall be consummated so as to afford Pinnacle, to the maximum extent possible, the full benefit of its rights under
Section 6.6: 

  

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 (i) Pinnacle and/or its Entity Affiliates shall lend and the Company shall
borrow from Pinnacle and/or its Entity Affiliates, on substantially the same terms and conditions as the May 2013 Advance (including with respect to maturity, interest rate and other terms), a principal amount equal to the portion of the Payment
Amount (as such term is defined in the May 2013 Loan Agreement) of the May 2013 Advance that Pinnacle and/or its Entity Affiliates sought to acquire from such Proposed May 2013 Lender Transferor (such loan, an “Alternate May 2013
Loan”), which shall be recorded as set forth in the May 2013 Loan Agreement and have the same effect as if Pinnacle or such Entity Affiliate had received an assignment of a portion of a May 2013 Advance from the Proposed May 2013 Lender
Transferor as the May 2013 Harbinger Lender under Section 6.6(a); 
 (ii) the Company agrees to
apply all the cash proceeds of the Alternate May 2013 Loan promptly to prepay to such Proposed May 2013 Lender Transferor its respective portion of such May 2013 Advance that Pinnacle and/or its Entity Affiliates had intended to acquire from such
Proposed May 2013 Lender Transferor; 
 (iii) the holder of an Alternate May 2013 Loan shall be entitled to its
proportionate interest in all of the benefits and security afforded to the May 2013 Lenders under and pursuant to the May 2013 Loan Agreement. The Company, Harbinger and each of Harbinger’s relevant Entity Affiliates agree to execute and
deliver all instruments and agreements, and to consent to such registrations, as may be required in the opinion of Pinnacle, acting reasonably, to properly entitle Pinnacle to all of the rights it would otherwise have been entitled to receive as if
the May 2013 Assets referable to the May 2013 Advance, as replaced by the Alternate May 2013 Loan, were assigned to Pinnacle by such Proposed May 2013 Lender Transferor; 

(iv) the number of Class VII Non-Voting Shares covered by each type of May 2013 Warrant of such Proposed May 2013 Lender
Transferor shall be automatically reduced, and without requirement of any action on the part of such Proposed May 2013 Lender Transferor, by the number of Class VII Non-Voting Shares that would have been covered by such type of May 2013 Warrant (or
portion thereof) assigned to Pinnacle and/or its Entity Affiliates pursuant to Section 6.6(f), and the Company shall notify such Proposed May 2013 Lender Transferor of the calculation of such reduction, which calculation shall be
conclusive absent manifest error; 
 (v) the Company agrees to and shall issue a warrant or warrants (each, an
“Alternate May 2013 Warrant”) to Pinnacle or its Entity Affiliates, in form and substance substantially identical to the forms of May 2013 Warrants (including without limitation any May 2013 Primary Warrants when and as issued in
connection with a Qualifying Conversion in the future) issued to such Proposed May 2013 Lender Transferor (excluding any of the provisions as shall not be applicable to Pinnacle and its Entity Affiliates including, without limitation, any
restriction on exercise and any automatic reduction in the shares covered by such warrant relating to PNK Prepayments) covering the number of Class VII Non-Voting Shares covered by May 2013 Warrants Pinnacle and/or its Entity Affiliates sought to
acquire from such Proposed May 2013 Lender Transferor under Section 6.6(f). An Alternate May 2013 Warrant shall be a May 2013 Warrant for all purposes of this Agreement as if Pinnacle or such Entity Affiliate had received an assignment
of all or a portion of a May 2013 Warrant from a May 2013 Harbinger Lender under Section 6.6(f); and 

  

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 (vi) for greater clarity, the references to “Proposed May 2013 Lender
Transferor” in this Section 6.6(i) shall not include Pinnacle and/or its Entity Affiliates. 
 (j) Each May
2013 Harbinger Lender agrees that, during the May 2013 Lookback Period, it shall not exercise any May 2013 Warrant it holds with respect to more than: 
 (i) seventy-three percent (73%) of the securities comprising the aggregate number of all Lenders’ original Class VII Non-Voting Share Entitlements under the same type of May 2013 Warrant as such
May 2013 Warrant (being either May 2013 Minimum Warrants or May 2013 Primary Warrants), in each case for the May 2013 Tranche in respect of which such May 2013 Warrant was issued (as adjusted pursuant to the terms of such May 2013 Warrant);
multiplied by  
 (ii) the quotient obtained by dividing (A) the amount of such Harbinger
Lender’s May 2013 Advance for the May 2013 Tranche in respect of which such May 2013 Warrant was issued, by (B) the amount of the May 2013 Advances made by all Harbinger Lenders for the May 2013 Tranche in respect of which such May 2013
Warrant was issued, 
 (the “Unreserved Lookback Amount”). 

Any attempted exercise by such May 2013 Harbinger Lender of any portion of such May 2013 Warrant as relates to more than the Unreserved
Lookback Amount shall be null and void, of no force or effect whatsoever, and shall not be honoured by the Company. 
 (k) For
purposes of this Section 6.6, in the event that a May 2013 Harbinger Lender assigns or transfers all or any portion of its commitment under the May 2013 Loan Agreement to make a May 2013 Advance (other than to Pinnacle), the assigning or
transferring May 2013 Harbinger Lender and the assignee or transferee of such commitment (other than Pinnacle) shall be treated as one and the same May 2013 Harbinger Lender, including without limitation for purposes of the calculations contemplated
by this Section 6.6 and for purposes of the obligation to transfer May 2013 Assets to Pinnacle should Pinnacle exercise its right to acquire May 2013 Assets as contemplated herein. 

Section 6.7 Related Provisions 
 (a) In case the Company shall propose (i) to pay any dividend, make any interest payment or other payment or distribution in respect of any Backstop Advances, Additional Backstop Warrants, May 2013
Advances, May 2013 Warrants, Common Shares or Class VII Non-Voting Shares, in cash or in any form other than additional Securities (excluding interest accruals contemplated by the Backstop Loan Agreement and the May 2013 Loan Agreement),
(ii) any repurchase, retirement, redemption, refinancing, exchange, conversion or other similar action with respect to any Backstop Advances, Additional Backstop Warrants, May 2013 Advances, May 2013 Warrants, Common Shares or Class VII
Non-Voting Shares, (iii) to effect any capital reorganization, (iv) to effect any consolidation, merger or sale, organic change, transfer or other disposition of all or substantially all of its property, assets or business, or (v) to
effect the liquidation, dissolution or winding up of the Company, then in each such case, at least twenty (20) Business Days before such action, the Company shall deliver to Pinnacle a written notice of such proposed action, which shall specify
the date on which a record is to be taken for the purposes of such dividend, interest or other payment or distribution or rights, or the date on which such repurchase, retirement, redemption, exchange or other similar action, refinancing,
reclassification, reorganization, consolidation, merger, sale, organic change, transfer, disposition, liquidation, dissolution, or winding up is to take place and the date of participation therein by the holders of any Backstop Advances, Additional
Backstop Warrants, May 2013 Advances, May 2013 Warrants, Common Shares or Class VII Non-Voting Shares, if any such date is to be fixed, and shall also set forth such facts with respect thereto as shall be reasonably necessary to indicate the effect
of such action on any Backstop Advances, Additional Backstop Warrants, May 2013 Advances, May 2013 Warrants, Common Shares or Class VII Non-Voting Shares. 

  

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 (b) In case Harbinger or its Entity Affiliates shall propose to sell, transfer or otherwise
dispose of all or a portion of its Backstop Advances, Additional Backstop Warrants, May 2013 Advances or May 2013 Warrants then in each such case, at least twenty-five (25) Business Days before such action, Harbinger shall deliver to Pinnacle a
written notice of such proposed action. This twenty-five (25) Business Day notice period shall run concurrently with the time periods set forth in the various Transfer related provisions set forth in Article 3. 

(c) The Company shall take all such action as may reasonably be required to give effect to any assignment undertaken in accordance with
this Section 6.7, the Backstop Loan Agreement, the relevant Additional Backstop Warrants, the May 2013 Loan Agreement and the relevant May 2013 Warrants. 
 (d) For purposes of clarity, Pinnacle’s right to acquire Backstop Assets and May 2013 Assets from Harbinger and its Entity Affiliates shall be governed by Section 6.5,
Section 6.6, Section 6.7 and Section 6.8 (in the case of Backstop Assets) and not Section 6.2 of this Agreement. 
 Section 6.8 Anti-Dilution Protection. 
 (a) Subject to
Section 6.8(b), in the event that on or before the date that is two (2) months after the date on which the First Gaming Resort is open to the general public for both overnight accommodation and casino gaming, the Company enters into
a binding commitment for Debt Financing and/or Equity Financing, excluding for all purposes: 
 (i) all Debt
Financings where the applicable principal, interest and/or other amounts to become due and owing are convertible or exchangeable into Common Shares at a conversion or exchange price per Common Share which is equal to or greater than the Conversion
Denominator (as such term is defined in section 24.4 of the Company’s Articles (and any successor provision thereof)) as shall be determined as of the closing date of the relevant Debt Financing transaction; and 

  

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 (ii) all Equity Financings with third parties pursuant to which Common
Shares or other securities convertible or exchangeable into Common Shares are issued, at an issue price per Common Share or at a conversion or exchange price per Common Share which is equal to or greater than the Conversion Denominator (as such term
is defined in section 24.4 of the Company’s Articles (and any successor provision thereof)) as shall be determined as of the closing date of the relevant Equity Financing; 
 (in each case, a “Qualifying Issuance”) 
 then the Additional Backstop
Entitlement of each Backstop Lender, subject to allocation in accordance with Section 6.8(e), shall be increased by: 
 (A) in the case of a Backstop Lender that is not Pinnacle or any of its Entity Affiliates, the lowest number of Common Shares that, when added to the number of Common Shares and Class VII Non-Voting
Shares owned by such Backstop Lender, on a Fully Diluted Basis, at the time of the closing of such Qualifying Issuance, would result in such Backstop Lender owning, on a Fully Diluted Basis, a percentage of the outstanding Common Shares and Class
VII Non-Voting Shares (after giving effect to such Qualifying Issuance and any other adjustment(s) made in respect of any other Backstop Lender(s) pursuant to this Section 6.8), on a Fully Diluted Basis, equal to the percentage of the
outstanding Common Shares and Class VII Non-Voting Shares, on a Fully Diluted Basis, owned by such Backstop Lender, on a Fully Diluted Basis, immediately prior to the closing of such Qualifying Issuance; and 

(B) in the case of a Backstop Lender that is Pinnacle or any of its Entity Affiliates, the lowest number of Common Shares
that, when added to the number of Common Shares and Class VII Non-Voting Shares owned by Pinnacle and its Entity Affiliates, on a Fully Diluted Basis, at the time of the closing of such Qualifying Issuance, would result in Pinnacle owning, on a
Fully Diluted Basis, a percentage of the outstanding Common Shares and Class VII Non-Voting Shares (after giving effect to such Qualifying Issuance and any other adjustment(s) made in respect of any other Backstop Lender(s) pursuant to this
Section 6.8), on a Fully Diluted Basis, equal to the percentage (the “Pinnacle Reference Percentage”) of the outstanding Common Shares and Class VII Non-Voting Shares, on a Fully Diluted Basis, owned by Pinnacle and its
Entity Affiliates, on a Fully Diluted Basis, immediately prior to the closing of such Qualifying Issuance (provided, that if any such increase in the Additional Backstop Entitlement affects more than one holder of an Additional Backstop Warrant that
is Pinnacle and its Entity Affiliates, then such increase in the Additional Backstop Entitlement shall be apportioned among such holders on a pro rata basis in accordance with their holdings of Common Shares and Class VII Non-Voting Shares on a
Fully Diluted Basis). The parties agree that if Pinnacle (or any of its Entity Affiliates) acquires an Additional Backstop Warrant after a Qualifying Issuance, then (i) the Additional Backstop Entitlement with respect to Pinnacle (or any of its
Entity Affiliates) shall be increased in accordance with this Section 6.8(a)(ii)(B) instead of Section 6.8(a)(ii)(A), as though Pinnacle (or its Entity Affiliates) had acquired such Additional Backstop Warrants on or prior to
the date of the closing of such Qualifying Issuance and (ii) the Pinnacle Reference Percentage shall give effect to the acquisition of such Additional Backstop Warrant as if such acquisition occurred immediately prior to the closing of such
Qualifying Issuance, 

  

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 provided, however, that to the extent that a Backstop Lender owns Class VII Non-Voting Shares on a
Fully Diluted Basis, immediately prior to the closing of such Qualifying Issuance, then in lieu of Common Shares solely, the Additional Backstop Entitlement of such Backstop Lender shall be increased by an aggregate number of Common Shares and Class
VII Non-Voting equaling the Common Share adjustment referenced above in such proportion as most closely approximates the proportion of Common Shares and Class VII Non-Voting Shares such Backstop Lender owns on a Fully Diluted Basis, immediately
prior to the closing of such Qualifying Issuance and provided further, however, that for purposes of this Section 6.8, each reference to the number of Common Shares and Class VII Non-Voting Shares owned by such Backstop Lender
shall, as applicable, be interpreted to mean and be determined, as follows: 
 (1) in respect of the Backstop
Lender that is Harbinger II S.à r.l.: 
 a) the portion of the aggregate number of Common Shares and
Class VII Non-Voting Shares held by Harbinger II S.à r.l. that is attributable to Master Fund on the basis of the aggregate debt and equity interests held by Master Fund in Harbinger II S.à r.l, as shall be determined by Harbinger II
S.à r.l.; and 
 b) the portion of the aggregate number of Common Shares and Class VII Non-Voting Shares
held by Harbinger II S.à r.l. that is attributable to Harbinger Capital Partners Special Situations Fund, L.P. by its general partner, Special Situations Fund, on the basis of the aggregate debt and equity interests held by Special Situations
Fund in Harbinger II S.à r.l., as shall be determined by Harbinger II S.à r.l.; 
 (2) in respect
of the Backstop Lender that is Blue Line ACDL, Inc., the aggregate number of Common Shares and Class VII Non-Voting Shares held by Blue Line ACDL, Inc. and Credit Distressed Blue Line Master Fund, Ltd., collectively, and 

(3) in respect of the Backstop Lender that is Breakaway ACDL, Inc., the aggregate number of Common Shares and Class VII
Non-Voting Shares held by Breakaway ACDL, Inc. and Global Opportunities Breakaway Ltd, collectively. 
 (b) For each Backstop
Lender that is not Pinnacle or any of its Entity Affiliates, the adjustment pursuant to this Section 6.8 shall apply on any one or more occasions on which a Qualifying Issuance occurs, and such adjustment or adjustments shall apply
notwithstanding that a Backstop Lender may have previously purchased some or all of the Common Shares purchasable pursuant to its Additional Backstop Warrant. 
 (c) In the case of a Backstop Lender that is Pinnacle or any of its Entity Affiliates, the adjustment pursuant to this Section 6.8 shall (i) only be available to such Backstop Lender if
an adjustment has been made pursuant to this Section 6.8 for any Backstop Lender that is not Pinnacle or any of its Affiliates and (ii) apply on any one or more occasions on which a Qualifying Issuance occurs, and such adjustment or
adjustments shall apply notwithstanding that a Backstop Lender may have previously purchased some or all of the Common Shares purchasable pursuant to its Additional Backstop Warrant. 

  

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 (d) For greater clarity, an Additional Backstop Warrant may be exercised with respect to an
increase in the Additional Backstop Entitlement at any time prior to, concurrently with or following a Qualifying Issuance, in each case in accordance with the terms of the Additional Backstop Warrant. 

(e) In the event of an assignment or transfer of an Additional Backstop Warrant which results in the issuance of a new warrant to an
assignee or transferee, such assignee or transferee shall be entitled to its proportionate share of any adjustment under this Section 6.8 to which the prior holder was entitled, determined by reference to the number of Common Shares
which such holder is entitled to purchase; provided, however, that the adjustment under this Section 6.8 to the Additional Backstop Entitlement of Additional Backstop Warrants held by Pinnacle and/or its Entity Affiliates
shall be determined under Section 6.8(a)(ii)(B). 
 (f) Notwithstanding the foregoing, any holder of an Additional
Backstop Warrant may, in its sole and unfettered discretion, waive all or any part of the adjustment obligation in its favour as set out in this Section 6.8. 
 (g) The adjustment in this Section 6.8 shall apply in addition to and notwithstanding the completion of any other adjustment provided for in this Agreement. 

(h) The parties acknowledge and agree that the rights granted by this Section 6.8 shall terminate and this
Section 6.8 shall be of no further force and effect following the conversion of all Series V Preferred Shares and Class VI Preferred Shares in a Qualifying Conversion. 

Section 6.9 Creation of the Class VII Non-Voting Shares 

(a) As soon as reasonably practicable and in any event on or before June 21, 2013, the Company shall hold a shareholders’
meeting to approve and authorize the creation of the Class VII Non-Voting Shares, a new class of non-voting shares of the Company, which shall have all of the rights, entitlements, privileges, restrictions and conditions of, and shall otherwise be
identical or equivalent in all respects to the Common Shares, with the exception of any voting rights and shall provide that no amendment shall cause the terms of the Class VII Non-Voting Shares to deviate from the terms of the Common Shares other
than that the Class VII Non-Voting Shares shall not have any voting rights. Each of Harbinger and Pinnacle shall, subject to Applicable Law, use their best efforts to cause their nominees to the Board to take such action as is necessary to give
effect to this Section 6.9. 
 (b) At the shareholders’ meeting referred to in Section 6.9(a), each
of Harbinger and Pinnacle shall vote their Voting Securities in favour of approving and authorizing the creation of the Class VII Non-Voting Shares. 
 (c) The issuance of the May 2013 Warrants by the Company shall in all cases be subject to and conditional upon the compliance by both Harbinger and Pinnacle with their obligations as set forth in
Section 6.9(b). Each of Harbinger and Pinnacle acknowledges and agrees that, in the event that either Harbinger or Pinnacle fails to comply with its obligations as set forth in Section 6.9(b), the Company, without liability,
shall not be required to authorize the creation and issuance of the Class VII Non-Voting Shares nor deliver any Class VII Non-Voting Shares after the exercise or purported exercise of any May 2013 Warrant. 

  

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 Section 6.10 Management Top-Up. 

The Company acknowledges and agrees that, for the purposes of the exercise of the rights of directors and management of the Company
contained in the letter agreement dated December 23, 2010, between the Company, Harbinger Capital Investments S.a.r.l, Blue Line ACDL, Inc. and Breakaway ACDL, Inc. (the “December 2010 Letter Agreement”), the term “New
Warrants”, as used in the December 2010 Letter Agreement, shall refer only to the Original Backstop Warrants. 
 ARTICLE 7

 DEFINITIONS AND INTERPRETATION 
 Section 7.1 Certain Definitions. 
 “Add-On
Securities” has the meaning set forth in Section 4.1(a)(i)(B). 
 “Additional Backstop
Entitlement” has the meaning set forth in each Additional Backstop Warrant and each Alternate Backstop Warrant, as applicable. 
 “Additional Backstop Warrants” means the Harbinger Additional Backstop Warrants, the Blue Line Additional Backstop Warrants and the Breakaway Additional Backstop Warrants, and, if issued,
the Alternate Backstop Warrants. 
 “Additional Equity Event” has the meaning set out in
Section 3.6 of the Pinnacle Subscription Agreement, on the assumption that the term “Equity Related Claim” as used in Section 3.6 of the Pinnacle Subscription Agreement has the meaning set out in this Agreement;

 “Adjusted Majority Party Pro Rata Tag-Along Portion” has the meaning set forth in
Section 3.2(b)(i). 
 “Administrative Services Agreement” means the Administrative Services
Agreement to be negotiated and entered into pursuant to the Term Sheet dated as of August 28, 2012, between the Company and PNK Development 31, LLC, among others. 
 “Affected Party” has the meaning set forth in Section 3.1(a)(iii)(B). 
 “Affected Party U.S. Cure Period” has the meaning set forth in Section 3.1(a)(iii)(B)(1). 
 “Affected Party U.S. Sale Period” has the meaning set forth in Section 3.1(a)(iii)(C)(2). 
 “Affected Tax Party” has the meaning set forth in Section 6.4(i). 

  

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 “Affiliate” means, when used with reference to any Person, any other Person
directly or indirectly controlling, controlled by, or under direct or indirect common control with, the referent Person or such other Person, as the case may be. For the purposes of this definition, the term “control” when used with
respect to any specified Person means the power to direct or cause the direction of management or policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms
“affiliated,” “controlling,” and “controlled” have meanings correlative of the foregoing. 

“Agreement” has the meaning set forth in the preamble, as this Agreement may be amended or supplement from time to time.

 “Alternate Backstop Loan” has the meaning set forth in Section 6.5(i)(i). 

“Alternate Backstop Note” has the meaning set forth in Section 6.5(i)(i). 

“Alternate Backstop Warrant” has the meaning set forth in Section 6.5(i)(vi). 

“Alternate May 2013 Loan” has the meaning set forth in Section 6.6(i)(i). 

“Alternate May 2013 Warrant” has the meaning set forth in Section 6.6(i)(v). 

“Annual Budget” means the annual budget for the Ho Tram Project, the First Gaming Resort or the Second Gaming Resort, as
the context herein shall so require. 
 “Anti-Corruption Laws” has the meaning set forth in
Section 6.3(a)(i). 
 “Anti-Money Laundering Laws” has the meaning set forth in
Section 6.3(a)(iii). 
 “Applicable Law” means as to any Person, the Constating Documents of such
Person, and all applicable provisions of (a) constitutions, treaties, statutes, laws (including the common law), rules, regulations, ordinances, codes, or orders of any Governmental Authority, (b) any consents or approvals of any
Governmental Authority, and (c) any orders, decisions, injunctions, judgments, awards, decrees of, or agreements with any Governmental Authority. 
 “arm’s-length” has the meaning set forth in the Income Tax Act (Canada). 
 “Backstop Advance” means a loan advance completed by a Backstop Lender to the Company pursuant to the terms of the Backstop Loan Agreement. 

“Backstop Asset” has the meaning set forth in Section 6.5(c). 

“Backstop Lender” means (a) each of Harbinger II S.à r.l., Blue Line ACDL, Inc. and Breakaway ACDL, Inc.,
and (b) any Entity Affiliate of Harbinger II S.à r.l., Blue Line ACDL, Inc. and/or Breakaway ACDL, Inc. who becomes a party to the Backstop Loan Agreement in connection with its assumption of a portion of one or more Backstop Advances
and (c) if and when it becomes a party to the Backstop Loan Agreement or makes an Alternate Backstop Loan, Pinnacle and/or its Entity Affiliates. 

  

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 “Backstop Loan Agreement” means the Amended and Restated Backstop Loan
Agreement dated December 6, 2012, by and among the Company and the Backstop Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time. 

“Backstop Lookback Period” means the period commencing on December 6, 2012, and ending on the third anniversary of
the Final Backstop Advance Date; provided that such period as it applies to each Backstop Lender shall be extended by any Funding Default Period referable to such Backstop Lender. 

“Backstop PIK Securities” has the meaning set forth in Section 6.5(g). 

“Backstop Proportionality Factor” has the meaning set forth in Section 6.5(b)(i). 

“Backstop Proportionate Amount” has the meaning set forth in Section 6.5(b)(ii). 

“Backstop Warrants” means collectively, the Harbinger Backstop Warrants, the Blue Line Backstop Warrants and the
Breakaway Backstop Warrants. 
 “BIDV” means Bank for Investment and Development of Vietnam. 

“BIDV Facility” means the binding term loan facility granted by BIDV and HDBank in favor of HTPCL, and all related loan
and security agreements required in connection therewith, whereby BIDV and HDBank have made a binding debt funding commitment in favor of HTPCL in the amount of at least $175 million, together with any Supplemental Agreements (as therein
defined) pursuant to which additional lenders join the binding term loan facility. 
 “BIDV Working Capital
Facility” means the contemplated $35,000,000 working capital facility with BIDV. 
 “Blue Line Additional
Backstop Warrants” means the entitlement of Blue Line ACDL, Inc. under Warrant Certificate CS-13 dated December 6, 2012, to 26,786,784 Common Shares upon exercise of the warrants evidenced thereby. 

  

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 “Blue Line Backstop Warrants” means the Blue Line Original Backstop
Warrants and the Blue Line Additional Backstop Warrants. 
 “Blue Line Minimum Warrants” means the aggregate
entitlement of Credit Distressed Blue Line Master Fund, Ltd. under the warrant certificate(s) issued by the Company to Credit Distressed Blue Line Master Fund, Ltd. from time to time pursuant to section 3.4 of the May 2013 Loan Agreement, upon
exercise of the warrants evidenced thereby, to a number of Class VII Non-Voting Shares up to the aggregate Class VII Non-Voting Share Entitlement(s) contained therein. 
 “Blue Line Original Backstop Warrants” means the entitlement of Credit Distressed Blue Line Master Fund, Ltd. under the Second Amended and Restated Warrant Certificate CS-10 dated
December 6, 2012, to 52,226,568 Common Shares upon exercise of the warrants evidenced thereby. 
 “Blue Line
Primary Warrants” means the aggregate entitlement of Credit Distressed Blue Line Master Fund, Ltd. under the warrant certificate(s) issued by the Company to Credit Distressed Blue Line Master Fund, Ltd. from time to time pursuant to section
3.5 of the May 2013 Loan Agreement, upon exercise of the warrants evidenced thereby, to a number of Class VII Non-Voting Shares up to the aggregate Class VII Non-Voting Share Entitlement(s) contained therein. 

“Board” means the Board of Directors of the Company as constituted from time to time. 

“Board Observer” has the meaning set forth in Section 2.1(b)(ii). 

“Brand and License Agreement” has the meaning set forth in the Pinnacle Subscription Agreement. 

“Breakaway Additional Backstop Warrants” means the entitlement of Breakaway ACDL, Inc. under Warrant Certificate CS-14
dated December 6, 2012, to 5,357,356 Common Shares upon exercise of the warrants evidenced thereby. 
 “Breakaway
Backstop Warrants” means the Breakaway Original Backstop Warrants and the Breakaway Additional Backstop Warrants. 

“Breakaway Original Backstop Warrants” means the entitlement of Global Opportunities Breakaway Ltd. under Amended and
Restated Warrant Certificate CS-11 dated December 6, 2012, to 10,445,313 Common Shares upon exercise of the warrants evidenced thereby. 
 “Business Day” means a day other than a Saturday, Sunday or other day that is a statutory or civic holiday in the Province of Ontario or in the State of New York. 

“Capital Mortgage Agreement” means the capital mortgage to be granted by the Company in favour of Harbinger II
S.à r.l., for the benefit of itself, Blue Line ACDL, Inc. and Breakaway ACDL, Inc., in each case as lenders under the Backstop Loan Agreement, as the same may be amended, restated, supplemented or otherwise modified from time to time.

 “Chairman Nominee” means the individual agreed upon by the Parties hereto. 

“Class VI Closing Date” has the same meaning as “Closing” as defined in the 2012 Subscription Agreement.

 “Class VI Shares” means the Class VI Preferred Shares of the Company. 

“Class VII Non-Voting Share Entitlement” has the meaning set forth in each May 2013 Warrant and each Alternate May 2013
Warrant, as applicable. 
 “Class VII Non-Voting Shares” means the Class VII Non-Voting Shares of the Company
to be authorized and issued by the Company pursuant to Section 6.9. 
 “Closing Date” means the closing
date of the purchase of the Pinnacle Purchased Shares by Pinnacle pursuant to the Pinnacle Subscription Agreement. 

  

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 “Code” means the Internal Revenue Code of 1986, as amended, and the
rules and regulations promulgated thereunder. 
 “Common Shares” means the common shares in the capital of the
Company. 
 “Company” has the meaning set forth in the preamble. 

“Company Decision” has the meaning set forth in Section 6.2(a)(v). 

“Company Parties” means the affiliates or subsidiaries of the Company, whether currently in existence or created after
or on April 17, 2007. 
 “Competitor” means any Persons or its Affiliates (a) that is or becomes
engaged in the operation or management of casinos and/or hotels as a material component of its business activities, and (b) operates and/or manages 10,000 slot machines (or equivalents, such as video poker terminals) or 250 gaming
tables collectively in the North America, Asia, Australia, and New Zealand regions. 
 “Confidential
Information” means any information relating to the management, operations, marketing, distribution and financial affairs, whether or not reduced to writing, including but not limited to a formula, pattern, compilation, program, method,
technique or process, or information contained or embodied in a product, device or mechanism and any research, data, know-how, analysis or plan related to the Company’s business or any other business opportunity considered by the Company, which
is used, or may be used, in the Company’s trade or business, including but not limited to the Company’s business, is of value to the Company and is not generally known by competitors or other participants in that trade or business and that
Confidential Information does not include information which a party can demonstrate (a) is in the public domain prior to its disclosure to such party by the Company, (b) becomes part of the public domain after its disclosure to a party
without violation of any obligation of confidentiality by such party, (c) is known by such party prior to disclosure by the Company, (d) is in a recipient’s possession prior to receipt thereof from a party, (e) is disclosed to a
recipient by the Company without a similar confidentiality agreement, (f) is disclosed by a party pursuant to a requirement imposed by a governmental agency or is otherwise required to be disclosed by operation of law, except that prior to such
disclosure, such party shall notify the Company and give the Company the opportunity to object to such disclosure, or (g) is authorized by the Company to be disclosed or is otherwise designated by the Company as no longer subject to the
provisions of Article 8. 
 “Consent Sale” has the meaning set forth in Section 6.1(c).

 “Constating Documents” means the Notice of Articles and Articles of the Company, together with any
amendments thereto or replacements thereof. 
 “Construction Budget” means the construction budget for the Ho
Tram Project, the First Gaming Resort or the Second Gaming Resort, as the context herein shall so require. 

“Corresponding Issuance” has the meaning set forth in Section 6.2(b)(ii)(B). 

  

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 “Debt” means, in respect of any Person (a) all debts and liabilities
of the Person for borrowed money, whether incurred or assumed, (b) all guarantees, sureties and similar obligations granted by the Person, (c) any obligation evidenced by bonds, debentures, notes, or other similar instruments,
(d) capital lease obligations (as determined under GAAP) of such Person, (e) any obligation secured by any lien existing on property owned or acquired by the Person, (f) any debt or liability of the Person representing the deferred
acquisition cost of property or assets created or arising under any conditional sale agreement or other title retention agreement, and (g) any liabilities, contingent, unmatured or other, under indemnities or other agreements of the Person
given in respect of any bankers’ acceptance, letter of credit, or letter of guarantee; provided, however, that “Debt” does not include deferred taxes or obligations to trade creditors (including employees) incurred in
the ordinary course of business. 
 “Debt Financing” means a financing by the Company with a person other than
a party hereto or an Entity Affiliate thereof by way of (a) loan or similar obligation, (b) any obligation evidenced by bonds, debentures, notes, or other similar instruments, (c) capital lease obligations (as determined under GAAP),
(d) bankers’ acceptances, (e) any obligation secured by any lien existing on property owned or acquired by the Company, (f) any debt or liability representing the deferred acquisition cost or purchase price of property or assets
and (g) to the extent not included in subsections (a) to (f) above, any binding commitment to provide funding to the Company which is not incurred or issued in connection with an Equity Financing, which, in respect of each of
subsections (a) to (g) above, by its terms provides that principal, interest and/or other amounts to be become due and owing in connection with such financing is convertible or exchangeable into Common Shares. 

“December 2010 Letter Agreement” has the meaning set forth in Section 6.10. 

“Derivative Instrument” has the meaning set forth in Section 3.2(f)(ii). 

“Dispute Period” means the period ending thirty (30) days following receipt by the Company of either a Claim Notice
or an Indemnity Notice. 
 “Divestiture Trust” means a divestiture trust for the benefit of the party that is
Transferring its Securities to such trust as is permitted by the applicable Gaming Authority to remediate any Gaming Problem. 

“Drag-Along Notice” has the meaning set forth in Section 3.3(b). 

“Drag-Along Transaction” has the meaning set forth in Section 3.3(a)(i). 

“Encumbrances” means all mortgages, liens, pledges, security interests, charges, claims, restrictions and encumbrances
of any nature whatsoever, excluding licenses to intellectual property. 
 “Entity Affiliate” has the meaning
set forth in Section 3.1(a)(ii). 
 “Environmental Law” means any and all applicable foreign,
federal, provincial, state and local laws and regulations relating to the protection of human health and safety, the environment or hazardous or toxic substances or wastes, pollutants or contaminants. 

  

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 “Equity Financing” means a financing by the Company by way of the issuance
to a Person other than a party hereto or an Entity Affiliate thereof of (a) any Common Share and/or (b) any other securities of the Company which entitle the holder thereof to purchase or acquire, or is otherwise convertible or
exchangeable into, a Common Share; 
 “Equity Related Claim” means any potential claims, assertions or alleged
violations in respect of contract or law (whether made as a claim in contract or otherwise) by any person who is or was a securityholder of the Company at any time (or a person claiming to be a securityholder of the Company at any time) in respect
of, or related to, or involving acts or omissions occurring at any time, past present or future, and whether asserted by such securityholder or person or by its Affiliates, successors or assigns. 

“Equity Securities” means any series or class of shares or equity securities of the Company, including the Common Shares
and any series or class of shares, or any options, warrants, rights or other instruments or securities that are directly or indirectly (and whether or not on a contingency) convertible into, or exercisable or exchangeable for, any shares or equity
securities of the Company, including Common Shares (whether or not such derivative securities are issued by the Company). 

“Equity Voting Power” means the aggregate number of votes represented by (a) the Voting Securities of the Company
outstanding on the date of any relevant determination of the “Equity Voting Power” (including, but not limited to the Common Shares, the Series V Special Shares and the Class VI Shares), (b) the shares underlying the vested portion of
the Pinnacle Option, but excluding any unvested portion of the Pinnacle Option and (c) the shares underlying any outstanding warrants (but excluding any warrants which are outstanding but not yet exercisable on the date of any relevant
determination of the “Equity Voting Power”). 
 “Exchange Act” means the United States Securities
Exchange Act of 1934, as amended from time to time and the rules and regulations promulgated thereunder. 
 “Executive
Committee” has the meaning set forth in Section 2.1(d)(ii). 
 “Existing Shareholders
Agreement” means the Amended and Restated Shareholders’ Agreement, dated April 15, 2010 (as amended to date), by and among the other shareholder signatories thereto. 

“Exit Notice” has the meaning set forth in Section 3.4(b). 

“Exit Sale” has the meaning set forth in Section 3.4(a). 

“Exit Sale Purchaser” has the meaning set forth in Section 3.4(a). 

“Export Control Laws” has the meaning set forth in Section 6.3(a)(ii). 

“Final Backstop Advance Date” has the meaning set forth in the Backstop Loan Agreement. 

  

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 “Final May 2013 Advance Date” has the meaning ascribed to the term
“Final Advance Date” in the May 2013 Loan Agreement. 
 “Financing Securities” has the meaning set
forth in Section 6.3(b)(ii). 
 “First Anniversary” has the meaning set forth in
Section 6.2(b)(ii)(B)(1). 
 “First Backstop Anniversary” means, with respect any Backstop Lender,
the first anniversary of the earlier of (a) the later of (i) the Final Backstop Advance Date and (ii) the date such Backstop Lender completes its funding under and pursuant to the Backstop Loan Agreement and (b) the date upon
which the Company terminates the obligation to make all or any remaining portion of the Backstop Advance(s) that have not been advanced by, or for and on behalf of, such Backstop Lender as of that date, whether unilaterally or with the written
agreement of such Backstop Lender. 
 “First Gaming Resort” means the gaming resort on Zone A of the Ho
Tram Project, otherwise known as the gaming resort on “Zone A-1” of the Ho Tram Project. 
 “First May 2013
Anniversary” means, with respect any May 2013 Lender, the first anniversary of the earlier of (a) the later of (i) the Final May 2013 Advance Date and (ii) the date such May 2013 Lender completes its funding under and
pursuant to the May 2013 Loan Agreement and (b) the date upon which the Company terminates the obligation to make all or any remaining portion of the May 2013 Advance(s) that have not been advanced by, or for and on behalf of, such May 2013
Lender as of that date, whether unilaterally or with the written agreement of such May 2013 Lender. 
 “Force
Majeure” means an act of God, act of state, labor dispute, shortage of labor or materials, natural or man-made disaster or other casualty, taking, civil commotion, riot, mob violence, insurrection, malicious mischief, sabotage, rebellion,
act of public enemy, terrorism, war, invasion, embargo, infectious disease, material disruption in airline or other transportation systems, act of a governmental authority in its sovereign capacity, local, regional or world threats or outbreak of
epidemic or pandemic disease(s), travel advisories or alerts issued by any governmental authority or any international agency or body or any other cause beyond the reasonable control of the Person to which such condition relates, including any
material and adverse changes in general economic or market conditions directly or indirectly resulting from the foregoing conditions, but excluding the inability of a Person to meet its financial obligations. 

“Fully Diluted Basis” means the aggregate number of Common Shares and Class VII Non-Voting Shares, assuming the
issuance, conversion or exercise (as the case may be) into Common Shares and Class VII Non-Voting Shares of any and all options (including the vested portion of such options, including the Pinnacle Option, but excluding any unvested portion of such
options, including the Pinnacle Option), warrants (but excluding any outstanding May 2013 Minimum Warrants and May 2013 Primary Warrants to the extent not yet exercisable on the date of any relevant determination of the number of Common Shares and
Class VII Non-Voting Shares on a “Fully Diluted Basis”) and convertible or exchangeable securities issued by the Company (including without limitation the Common Shares underlying the Series V Special Shares and the Class VI Shares).

  

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 “Funding Default Period” means (a) with respect to any Backstop Lender
and as to any Backstop Advance it is required to make under and pursuant to the Backstop Loan Agreement, the period commencing as of the date such Backstop Lender was required to make such Backstop Advance and ending as of the date such Backstop
Lender makes such Backstop Advance and (b) with respect to any May 2013 Lender and as to any May 2013 Advance it is required to make under and pursuant to the May 2013 Loan Agreement, the period commencing as of the date such May 2013 Lender
was required to make such May 2013 Advance and ending as of the date such May 2013 Lender makes such May 2013 Advance. 

“Future Funding” has the meaning set forth in Section 6.1(b)(i). 

“GAAP” means generally accepted accounting principles in Canada consistently applied throughout the specified period and
in the immediately prior comparable period. 
 “Gaming” means to deal, operate, carry on, conduct, maintain or
expose for play any casino games of chance, gaming devices and other gaming activities in accordance with applicable Gaming Laws. 
 “Gaming Authority” means those national, state, local, and other governmental, regulatory, and administrative authorities, agencies, boards, commissions and officials responsible for or
involved in the regulation of gaming or gaming activities or the interpretation or enforcement of Gaming Laws, whether in Vietnam or in any other jurisdiction of the world to which the Company, Harbinger or its Entity Affiliates, or Pinnacle or PEI
or its Entity Affiliates, is subject. 
 “Gaming Laws” means those laws pursuant to which any Gaming Authority
possesses regulatory, licensing, or permit authority over gaming, whether in Vietnam or in any other jurisdiction of the world, and any Gaming License and/or other approval granting to the Company, Harbinger or Pinnacle or any of their respective
Entity Affiliates the ability to conduct Gaming activities, as any of the same may be amended from time to time. 

“Gaming License” means any concession, certificate, decree, license, permit, approval, authorization, registration,
finding of suitability, franchise, or entitlement issued by any Gaming Authority or Governmental Authority necessary for or relating to the conduct of activities under any Gaming Laws. 

“Gaming Problem” means any circumstance such that a party’s participation in the Ho Tram Project is deemed likely,
based on verifiable information or information received from any Gaming Authority or otherwise, to preclude or materially delay, impede, or impair the ability of such party or any other party to this Agreement or any of their respective Entity
Affiliates, or any business entity with respect to which such party, such other party to this Agreement or such Entity Affiliate holds a Gaming License, to obtain or retain any Gaming License (whether upon initial grant, renewal or otherwise), or to
result in the imposition of disciplinary action, including without limitation financial penalties or materially burdensome terms, limitations and conditions on any Gaming License. 

“Governmental Authority” means the government of the United States of America, Canada or Vietnam or any other foreign
government and, in each such case, any state, commonwealth, territory, county or municipality thereof, or the government of any political subdivision of any of the foregoing, or any authority, agency, ministry, court or other similar body exercising
executive, legislative, judicial, regulatory or administrative authority of such government. 

  

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 “Harbinger” has the meaning set forth in the preamble. 

“Harbinger Additional Backstop Warrants” means the entitlement of Harbinger II S.à r.l. under Warrant Certificate
CS-12 dated December 6, 2012, to 57,145,140 Common Shares upon exercise of the warrants evidenced thereby. 

“Harbinger Agent” has the meaning set forth in the Backstop Loan Agreement. 

“Harbinger Backstop Warrants” means the Harbinger Original Backstop Warrants and the Harbinger Additional Backstop
Warrants. 
 “Harbinger Common Share Parties” means Harbinger II, S.à r.l., Credit Distressed Blue Line
Master Fund, Ltd. and Global Opportunities Breakaway Ltd. 
 “Harbinger Common Shares” means 252,527,842 Common
Shares registered in favor of the Harbinger Common Share Parties on August 8, 2011. 
 “Harbinger
Director” has the meaning set forth in Section 2.1(a)(i)(A)(1). 
 “Harbinger Equity
Adjustment” has the meaning set forth in Section 6.4(c)(i). 
 “Harbinger Minimum
Warrants” means the aggregate entitlement of Harbinger II S.à r.l. under the warrant certificate(s) issued by the Company to Harbinger II S.à r.l. from time to time pursuant to section 3.4 of the May 2013 Loan Agreement, upon
exercise of the warrants evidenced thereby, to a number of Class VII Non-Voting Shares up to the aggregate Class VII Non-Voting Share Entitlement(s) contained therein. 
 “Harbinger Original Backstop Warrants” means the entitlement of Harbinger II S.à r.l. under Amended and Restated Warrant Certificate CS-9 dated December 6, 2012, to
111,416,678 Common Shares upon exercise of the warrants evidenced thereby. 
 “Harbinger Primary Warrants”
means the aggregate entitlement of Harbinger II S.à r.l. under the warrant certificate(s) issued by the Company to Harbinger II S.à r.l. from time to time pursuant to section 3.5 of the May 2013 Loan Agreement, upon exercise of the
warrants evidenced thereby, to a number of Class VII Non-Voting Shares up to the aggregate Class VII Non-Voting Share Entitlement(s) contained therein. 
 “Harbinger Series V Parties” means Harbinger II S.à r.l., Blue Line ACDL, Inc. and Breakaway ACDL, Inc. 
 “Harbinger Series V Shares” means 1,420,584 Series V Special Shares registered in favor of the Harbinger Series V Parties on August 8, 2011. 

  

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 “Harbinger Subscription Agreements” means the historical subscription and
exchange agreements made between the Company and the Harbinger Common Share Parties and/or their predecessors in interest, pursuant to which the Harbinger Common Share Parties or their predecessors in interest acquired securities of the Company or
pursuant to which securities have been converted, exercised or exchanged, and includes for greater certainty the 2011 Harbinger Subscription Agreement. 
 “Harbinger Zero Consideration Rights” means any anti-dilution adjustment, zero consideration adjustment or other similar equity adjustment or equity issuance rights that Harbinger and its
Entity Affiliates may possess in any Securities or instruments owned, or similar rights held, by Harbinger and its Entity Affiliates (including, without limitation, in (a) warrants acquired by Harbinger and its Entity Affiliates in connection
with that certain Loan Agreement dated as of July 27, 2010 by and among certain Harbinger entities and the Company (including, without limitation, any warrants substituted therefor) and (b) Backstop Warrants acquired by Harbinger and its
Entity Affiliates in connection with or as a result of advances made pursuant to the Backstop Loan Agreement (including, without limitation, any warrants substituted therefor), but in each case excluding customary anti-dilution rights related to
subdivision of shares, consolidation of shares, stock dividend, merger, amalgamation or similar event, and excluding top-up adjustments in favour of Harbinger and its Entity Affiliates under Section 3.7 of the 2011 Harbinger Subscription
Agreement). 
 “HDBank” means Housing Development Commercial Joint Stock Bank. 

“Ho Tram Project” means the development of Ho Tram resort, an entertainment tourism and international conference center
complex located on the Ho Tram Strip property in Phuoc Thuan Village, Xuyen Moc District, Ba Ria–Vung Tau Province, Vietnam. 
 “Holder” has the meaning set forth in each Additional Backstop Warrant, as applicable. 
 “HTPCL” means Ho Tram Project Company Limited. 

“Indebtedness” means, as to any Person (a) indebtedness created, issued or incurred by such Person for borrowed
money (whether by loan or the issuance and sale of debt securities), (b) any obligation evidenced by bonds, debentures, notes, or other similar instruments, (c) capital lease obligations (as determined under GAAP) of such Person,
(d) obligations of such Person to pay the deferred purchase or acquisition price of property or services, other than trade accounts payable arising, and accrued expenses incurred, in the ordinary course of business, (e) indebtedness of
others secured by an encumbrance on the property of such Person, whether or not the respective indebtedness so secured has been assumed by such Person, (f) obligations of such Person in respect of letters of credit or similar instruments issued
or accepted by banks and other financial institutions for the account of such Person, and (g) indebtedness of others guaranteed of such Person. 
 “Independent Committee” has the meaning set forth in Section 2.1(d)(iv). 
 “Independent Director” means an independent, neutral and impartial Individual member of the Board who: (a) is not otherwise disqualified to act as a director under the provisions of
Section 124 of the Business Corporations Act (British Columbia), and (b) has no material relationship (or has not had any material relationship within the last three (3) years) with the Company or its Affiliates (other than in
his capacity as a director) or with any shareholder of the Company who owns more than five percent (5%) of any class of capital stock of the Company (or its Affiliates) including, but not limited to, Harbinger and Pinnacle, or any of their
respective Affiliates, such that the relationship could reasonably be expected to interfere with the exercise of such director’s independent judgment. 

  

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 “Individual” shall mean a natural person, whether acting for himself or
herself, or in a representative capacity. 
 “Investment Certificate” means the investment certificate dated
March 12, 2008, as amended on April 4, 2013, granted to HTPCL by the Government of Vietnam in respect of the Ho Tram Lands. 
 “Issuance Notice” has the meaning set forth in Section 4.1(c). 
 “Lease” means the fifty (50) year lease of the Ho Tram Lands granted to HTPCL pursuant to a lease agreement dated May 21, 2008, between HTPCL and the People’s Committee of
Ba Ria – Vung Tau Province. 
 “Liens” has the meaning set forth in Section 6.5(i). 

“Liquidity Event” means a “going public” transaction by the Company (including, without limitation, the Common
Shares becoming listed on a stock exchange or stock market). 
 “Loan Agreement” means the Loan Agreement,
dated July 27, 2010, by and among Harbinger and the Company, pursuant to which Harbinger agreed to loan the Loan Amount to the Company to be used as charter capital to finance Phase 1 of Zone A1 of the Ho Tram Project. 

“Loan Amount” means the amount that Harbinger agreed to loan to the Company pursuant to the terms and conditions of the
Loan Agreement. 
 “Look Back Portion” has the meaning set forth in Section 6.2(b)(ii)(B)(3)(b).

 “Majority Party” means whichever of Harbinger or Pinnacle (together with their respective Entity Affiliates)
owns the majority of the Equity Voting Power collectively held by Harbinger and Pinnacle (together with their respective Entity Affiliates) at such time of determination. 
 “Majority Party Cure Period” has the meaning set forth in Section 3.1(a)(iii)(A)(1). 
 “Majority Party Sale Period” has the meaning set forth in Section 3.1(a)(iii)(A)(2). 
 “Master Fund” means Harbinger Capital Partners Master Fund I, Ltd. 
 “Material Adverse Effect” means, with respect to any event, matter or circumstance, any change or effect that individually or when taken together with all other changes or effects that
have occurred during any relevant period of time before the determination of the occurrence of that change or effect, is or is reasonably likely to (i) be materially adverse to the business, operations, results of operations, prospects, assets,
liabilities or financial condition of the Company and its Subsidiaries on a consolidated basis, (ii) cause the review of the Investment Certificate for a purpose that would be materially adverse to the Company or its Subsidiaries, the
revocation of the Investment Certificate or the imposition of a burdensome condition or restriction on the Investment Certificate by a Governmental Authority, or (iii) cause the Ho Tram Project to be suspended, materially delayed or cancelled.

  

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 “May 2013 Advance” means a loan advance completed by a May 2013 Harbinger
Lender to the Company pursuant to the terms of the May 2013 Loan Agreement. 
 “May 2013 Asset” has the meaning
set forth in Section 6.6(c). 
 “May 2013 Harbinger Lender” means (a) each of Harbinger II
S.à r.l. and Credit Distressed Blue Line Master Fund, Ltd. and (b) any Entity Affiliate of Harbinger II S.à r.l. or Credit Distressed Blue Line Master Fund, Ltd. who becomes a party to the May 2013 Loan Agreement in connection
with its assumption of a portion of one or more May 2013 Advances. 
 “May 2013 Lenders” means (a) each
May 2013 Harbinger Lender and (c) Pinnacle and/or its Entity Affiliates (including, without limitation, if it makes a May 2013 Alternate Backstop Loan). 
 “May 2013 Loan Agreement” means the Loan Agreement dated May 24, 2013, by and among the Company and the May 2013 Lenders, as the same may be amended, restated, supplemented or
otherwise modified from time to time. 
 “May 2013 Lookback Period” means the period commencing on May 24,
2013, and ending on the third anniversary of the Final May 2013 Advance Date; provided that such period as it applies to each May 2013 Lender shall be extended by any Funding Default Period referable to such May 2013 Lender. 

“May 2013 Minimum Warrants” means the Harbinger Minimum Warrants, the Blue Line Minimum Warrants and the Pinnacle
Minimum Warrants, and, if issued, the Alternate May 2013 Warrants referable to such. 
 “May 2013 PIK
Securities” has the meaning set forth in Section 6.6(g). 
 “May 2013 Primary Warrants”
means the Harbinger Primary Warrants, the Primary Warrants and the Pinnacle Primary Warrants, and, if issued, the Alternate May 2013 Warrants referable to such. 
 “May 2013 Proportionate Amount” has the meaning set forth in Section 6.6(b)(ii). 
 “May 2013 Tranche” has the meaning ascribed to the term “Tranche” in the May 2013 Loan Agreement. 
 “May 2013 Warrants” means the May 2013 Minimum Warrants and the May 2013 Primary Warrants. 

  

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 “MGM Management Agreement” means the MGM Grand Resort & Casino, Ho
Tram Management Agreement, dated November 17, 2008, between Ho Tram Project Company Limited and MGM Mirage Hospitality International Holdings Limited. 
 “Minimum Backstop Retained Original Interest” has the meaning set forth in Section 6.5(c). 
 “Minimum May 2013 Retained Original Interest” has the meaning set forth in Section 6.6(c). 
 “Minority Party” means whichever of Harbinger or Pinnacle (together with their respective Entity Affiliates) owns the minority of the Equity Voting Power collectively held by Harbinger
and Pinnacle (together with their respective Entity Affiliates) at such time of determination. 
 “Minority Party Cure
Period” has the meaning set forth in Section 3.1(a)(iii)(D)(1). 
 “Minority Party Sale
Period” has the meaning set forth in Section 3.1(a)(iii)(A)(4). 
 “Minority Party Vietnam Sale
Period” has the meaning set forth in Section 3.1(a)(iii)(D)(2). 
 “New Class of
Securities” has the meaning set forth in Section 4.1(a)(i)(A). 
 “Non-Affected Party” has
the meaning set forth in Section 3.1(a)(iii)(B). 
 “Non-Affected Party U.S. Cure Period” has the
meaning set forth in Section 3.1(a)(iii)(C)(1). 
 “Non-Claim Adjustment” has the meaning set forth
in Section 6.4(c)(ii). 
 “Non-Qualified Person” means a Person that is themselves or is an
Affiliate or associate of, (a) a Person controlled by, or associated with organized crime, or a Person convicted of an indictable offense, (b) a Person with whom contracting or conducting business based on the identity of such
Person’s owners or officers, directors or executive employees or officers, directors or executive employees of such owners would represent a violation of Applicable Laws, or (c) a Person otherwise generally recognized in the business
community as being a person, firm, or corporation with whom neither a prudent business person nor a reasonable financial institution would wish to associate in a commercial venture such as the Ho Tram Project. 

“OFAC” has the meaning set forth in Section 6.3(a)(ii). 

“Opening Date” means the date on which the First Gaming Resort or the Second Gaming Resort, as the case may be, or any
portion thereof, is open to the general public. 
 “Operating Committee” has the meaning set forth in
Section 2.1(d)(iii). 

  

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 “Original Backstop Warrants” means the Blue Line Original Backstop
Warrants, the Breakaway Original Backstop Warrants and the Harbinger Original Backstop Warrants. 
 “PEI” means
Pinnacle Entertainment, Inc. or its successor or any parent entity thereof. 
 “Permitted Encumbrances” means
(a) mechanics’, warehousemen’s, materialmens’, contractors’ and workmens’ liens, and other similar Encumbrances arising in the ordinary course for obligations that are not delinquent, (b) liens for current taxes
and other statutory liens and trusts not yet due and payable or that are being contested in good faith provided there are adequate reserves maintained therefore, (c) liens, pledges or deposits incurred or made in connection with workmen’s
compensation, unemployment insurance and other social security benefits, or securing the performance of bids, tenders, statutory obligations, progress payments, surety and appeal bonds and other obligations of like nature, in each case incurred in
the ordinary course of business consistent with past practice, and (d) liens and other Encumbrances that are immaterial in character, amount and extent and which do not materially detract from the value or materially interfere with the present
or proposed use of the properties they affect. 
 “Person” means any individual, corporation, co-operative,
partnership, limited partnership, firm, unincorporated association, joint venture, syndicate, trust (including a business trust), estate, succession, governmental body, or other form of entity or organization of any nature whatsoever. 

“PIK Securities” has the meaning set forth in Section 6.2(b)(iii)(B)(6). 

“Pinnacle” has the meaning set forth in the preamble. 

“Pinnacle Advance” has the meaning set forth in the May 2013 Loan Agreement. 

“Pinnacle Advisor” has the meaning set forth in Section 2.2. 

“Pinnacle Backstop Warrants” means the entitlement of Pinnacle under (a) Warrant Certificate CS-15 dated
December 6, 2012, to 39,875,634 Common Shares upon exercise of the warrants evidenced thereby and (b) Warrant Certificate CS-16 dated December 21, 2012, to 24,439,905 Common Shares upon exercise of the warrants evidenced thereby.

 “Pinnacle Director” has the meaning set forth in Section 2.1(a). 

“Pinnacle Management Agreement” means the Resort Management Agreement entered into on August 8, 2011, between HTPCL
and PNK (VN), Inc. concerning the management of the Second Gaming Resort. 
 “Pinnacle Minimum Warrants”
means the aggregate entitlement of Pinnacle under the warrant certificate(s) issued by the Company to Pinnacle from time to time pursuant to section 3.4 of the May 2013 Loan Agreement, upon exercise of the warrants evidenced thereby, to a number of
Class VII Non-Voting Shares up to the aggregate Class VII Non-Voting Share Entitlement(s) contained therein. 

  

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 “Pinnacle Primary Warrants” means the aggregate entitlement of Pinnacle
under the warrant certificate(s) issued by the Company to Pinnacle from time to time pursuant to section 3.5 of the May 2013 Loan Agreement, upon exercise of the warrants evidenced thereby, to a number of Class VII Non-Voting Shares up to the
aggregate Class VII Non-Voting Share Entitlement(s) contained therein. 
 “Pinnacle Option” means the option to
purchase Common Shares granted to Pinnacle pursuant to the Amended and Restated Stock Option Agreement dated as of August 29, 2012, between the Company and PNK Development 31, LLC, as amended, restated and/or otherwise modified from time to
time. 
 “Pinnacle Reference Percentage” has the meaning set forth in Section 6.8(a)(ii)(B).

 “Pinnacle Subscription Agreement” means that certain Share Subscription Agreement, dated as of May 25,
2011, between the Company and PNK Development 18, LLC with respect to Pinnacle’s purchase of Common Shares and Series V Special Shares, as amended, restated and/or otherwise modified from time to time. 

“PNK Prepayment” has the meaning set forth in the Backstop Loan Agreement and the May 2013 Loan Agreement, as the
context may require. 
 “Policy” means the Anti-Corruption Policy attached hereto as Schedule “E”.

 “Preemptive Person” has the meaning set forth in Section 4.1(a). 

“Preemptive Securities” means Securities issued after the date hereof other than (a) Equity Securities issued
pursuant to share dividends, share splits or similar transactions undertaken in accordance with this Agreement, (b) options or Equity Securities issued pursuant to the Stock Option Plan to full time employees of the Company or its Subsidiaries,
(c) Equity Securities, options or warrants of the Company or the Company Parties issued in connection with corporate partnering, strategic alliance, technology transfer, equipment financing, leasing, commercial credit or similar transactions
representing up to an aggregate of ten percent (10%) of the Common Shares and Class VII Non-Voting Shares on a Fully Diluted Basis and with the approval of the Board, where such transactions do not have the raising of capital as a primary
objective and provided that the securities so issued rank pari passu with the Common Shares and Class VII Non-Voting Shares, (d) Equity Securities, options or warrants of the Company or Company Parties issued in connection with
bona fide acquisitions, mergers or similar transactions representing up to an aggregate of ten percent (10%) of the Common Shares and Class VII Non-Voting Shares on a Fully Diluted Basis with the approval of the Board, where such transactions
do not have the raising of capital as a primary objective and provided that the securities so issued rank pari passu with the Common Shares and Class VII Non-Voting Shares, (e) Equity Securities or Debt of the Company Parties
issued to the Company, (f) Equity Securities issued pursuant to a Liquidity Event, provided that the Liquidity Event results in the acquisition of Equity Securities on a Fully Diluted Basis representing more than twenty percent
(20%) of aggregate entitlement upon liquidation or dissolution of the Company of all Equity Securities of the Company and provided that the consideration to be raised and paid to the Company in connection with the Liquidity Event is not
less than US$100 million, (g) any public offering of Equity Securities or any public offering of Debt subsequent to the occurrence of a Liquidity Event in which the consideration to be raised and paid to the Company in connection such
event is not less than US$100 million, and (h) the Pinnacle Option and the shares underlying the Pinnacle Option. 

  

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 “Preemptive Security Purchase Securities” has the meaning set forth in
Section 4.1(b). 
 “Principal Shareholders” has the meaning set forth in the Existing Shareholders
Agreement. 
 “Pro Rata Drag-Along Portion” has the meaning set forth in Section 3.3(a)(i).

 “Pro Rata Preemptive Portion” has the meaning set forth in Section 4.1(a). 

“Pro Rata Tag-Along Portion” has the meaning set forth in Section 3.2(b)(iii). 

“Proposed May 2013 Lender Transferor” has the meaning set forth in Section 6.6(i). 

“Proposed Transferor Backstop Lender” has the meaning set forth in Section 6.5(i). 

“Purchase Price” has the meaning set forth in Section 3.1(a)(iii)(A)(5). 

“Qualified IPO” means the first completion of an underwritten public offering for capital raising purposes that results
in (a) each of (i) aggregate net proceeds of at least US$75 million to the Company and (ii) the issuance of Equity Securities which represent, immediately following such issuance, at least fifteen (15%) of the Common Shares
and Class VII Non-Voting Shares on a Fully Diluted Basis, and (b) the listing of the Common Shares on a stock exchange or stock market. 
 “Qualifying Conversion” has the meaning set forth in the May 2013 Loan Agreement. 
 “Qualifying Issuance” has the meaning set forth in Section 6.8. 
 “Related Party” means the Majority Party and any Significant Party. 
 “Replacement Funding” has the meaning set forth in Section 6.1(b)(ii). 
 “Representatives” means the directors, officers, employees, managers and advisors (including attorneys, accountants, investment bankers and consultants), as well as the Affiliates, of a
specified Person. 
 “ROFN Buyer” has the meaning set forth in Section 3.5(a). 

“ROFN Definitive Documentation Period” has the meaning set forth in Section 3.5(c). 

“ROFN Notice” has the meaning set forth in Section 3.5(a). 

“ROFN Period” has the meaning set forth in Section 3.5(a). 

  

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 “ROFN Seller” has the meaning set forth in Section 3.5(a).

 “ROFN Transaction” has the meaning set forth in Section 3.5(a). 

“Scope” means the overall scope of the First Gaming Resort or the Second Gaming Resort, as applicable, which shall
include without limitation all major elements and amenities of the resort such as (i) the design and square footage of the casino floor, (ii) the minimum number of slot machines (or equivalents) and table games, (iii) the minimum
number of hotel floors, (iv) the minimum, design, square footage and number of hotel rooms and separate bungalows (including number of suites), (v) the number, square footage, theme of restaurants, bars and nightclubs, (vi) the square
footage, location, number of retail space, (vii) the square footage of any convention space, (viii) the overall size, seating and production capacity and design of any venues for live concert or events, (ix) the square footage, design
and capacity of spa, pools and recreation facilities and amenities, (x) the size and capacity of public and employee parking structures, together with all exterior features, and (xi) all on-site and off-site improvements and infrastructure
related thereto. 
 “SEC” means the United States Securities and Exchange Commission. 

“Second Gaming Resort” means the second gaming resort of the Ho Tram Project. 

“Section 116 Certificate” has the meaning set forth in Section 3.6. 

“Securities” means any Equity Security, Debt of the Company, or other interest or participation in Equity Securities or
Debt of the Company, or any combination of any of the foregoing. 
 “Securities Act” means the United States
Securities Act of 1933, as amended from time to time, and the rules and regulations promulgated thereunder. 
 “Series V
Amendments” means the amendments to the rights, preferences, restrictions, conditions, and privileges of the Series V Shares set forth in Schedule “F” to the 2012 Subscription Agreement. 

“Series V Special Shares” means the Special Shares Series V of the Company. 

“Significant Party” means any Person (together with its Entity Affiliates) that owns twenty percent (20%) or more
of the voting power of the outstanding Voting Securities at any such time. 
 “Sliding Backstop Adjustment” has
the meaning set forth in Section 6.5(a)(ii). 
 “Sliding Look Back Adjustment” has the meaning set
forth in Section 6.2(b)(ii)(B)(2). 
 “Sliding Look Back Portion” has the meaning set forth in
Section 6.2(b)(ii)(B)(2). 
 “Sliding May 2013 Adjustment” has the meaning set forth in
Section 6.6(a)(ii). 

  

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 “Sliding Proportionate Backstop Amount” has the meaning set forth in
Section 6.5(a)(ii). 
 “Sliding Proportionate May 2013 Amount” has the meaning set forth in
Section 6.6(a)(ii). 
 “Special Situations Fund” means Harbinger Capital Partners Special
Situations GP, LLC. 
 “Standard” means the plans, specifications, and standards for the design, construction,
development, outfitting, and equipping of the hotel and the casino on the First Gaming Resort or the Second Gaming Resort, as applicable, including without limitation the quality of the building type, interior build-out, interior and exterior
finishes and amenities (which in the case of the First Gaming Resort shall in general be at a world-class international luxury standard and in the case of the Second Casino Resort shall in general be at standard specified in the Brand and License
Agreement), all as developed by the Company and the operator of such gaming resort, the applicable architect, and the applicable interior designer, as supplemented or modified from time to time, and as approved by the Company, which in all events
shall comply with the applicable standard(s) set forth in the applicable management agreement. 
 “Stock Option
Plan” means the Company’s currently in force stock option plan, dated as of October 14, 2006, pursuant to which the Company is authorized to grant options for the purchase of no more than fifteen percent (15%) of the
issued and outstanding Common Shares from time to time. 
 “Subsequent Transfer” has the meaning set forth in
Section 3.2(f)(ii). 
 “Subsidiary” means, with respect to a Person, each other Person in which
such Person owns, directly or indirectly, capital stock or other equity interests representing more than fifty percent (50%) of the outstanding capital stock or other equity interests, the holders of which are generally entitled to vote for the
election of the board of directors or other governing body of such other Person. 
 “Supplemental Agreement”
means the Supplemental Agreement, dated as of July 13, 2010 by and between the Company and Harbinger Capital Investments S.a.r.l. 
 “Tag-Along Acceptance Notice” has the meaning set forth in Section 3.2(a)(iii). 
 “Tag-Along Notice” has the meaning set forth in Section 3.2(a)(ii). 
 “Tag-Along Party” has the meaning set forth in Section 3.2. 
 “Tag-Along Sale” has the meaning set forth in Section 3.2. 
 “Tag-Along Security” has the meaning set forth in Section 3.2. 
 “Tax Legislation” has the meaning set forth in Section 6.4(i). 
 “Third Anniversary” has the meaning set forth in Section 6.2(b)(ii)(B)(2). 

  

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 “Third Backstop Anniversary” means, with respect to any Backstop Lender,
the third anniversary of the earlier of (a) the later of (i) the Final Backstop Advance Date and (ii) the date such Backstop Lender completes its funding under and pursuant to the Backstop Loan Agreement and (b) the date upon
which the Company terminates the obligation to make all or any remaining portion of the Backstop Advance(s) that have not been advanced by, or for and on behalf of, such Backstop Lender as of that date, whether unilaterally or with the written
agreement of such Backstop Lender. 
 “Third May 2013 Anniversary” means, with respect to any May 2013 Lender,
the third anniversary of the earlier of (a) the later of (i) the Final May 2013 Advance Date and (ii) the date such May 2013 Lender completes its funding under and pursuant to the May 2013 Loan Agreement and (b) the date upon
which the Company terminates the obligation to make all or any remaining portion of the May 2013 Advance(s) that have not been advanced by, or for and on behalf of, such May 2013 Lender as of that date, whether unilaterally or with the written
agreement of such May 2013 Lender. 
 “Third-Party Offeror” has the meaning set forth in
Section 3.2. 
 “Top-Up Adjustments” has the meaning set forth in Section 6.4(c)(i).

 “Transfer” means, directly or indirectly, to sell, transfer, assign, pledge, encumber, hypothecate, or
similarly dispose of, either voluntarily or involuntarily, or to enter into any contract, option, or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation, or similar disposition of,
any Securities owned by a Person or any interest (including a beneficial interest) therein owned by a Person. The foregoing notwithstanding, it is acknowledged and agreed that “Transfer” as herein defined shall not, and shall not be deemed
to, include: (i) any Transfer of any interest in PEI (or of any entity that directly or indirectly holds any interest in PEI), by any means whatsoever (including, without limitation, by virtue of trading of such interests on a stock exchange or
other market, private transfers, new issuances, mergers, consolidations, tender offers or any other transactions); (ii) the Transfer of any interest in, or held by, any Subsidiary of PEI other than Transfers after which PEI no longer owns,
directly or indirectly, the respective Securities it owned immediately prior to such Transfer, it being agreed that such continuing ownership shall not be required with respect to a transfer of all or substantially all of the assets of PEI and its
Subsidiaries, and such transfer of all or substantially all of the assets of PEI and its Subsidiaries shall not be and shall not be deemed a Transfer for all purposes of this Agreement; or (iii) any pledge by PEI or any of its Subsidiaries
effected to secure the obligations under a PEI Debt Facility, and any Transfers pursuant to the exercise of rights thereunder. “PEI Debt Facility” for purposes hereof means any credit agreement, loan agreement, indenture or other
agreement pursuant to which credit is extended or made available to PEI and some or all of its Subsidiaries. 

“Transferring Seller” has the meaning set forth in Section 3.2. 

“Treasury Regulations” means the regulations prescribed under the Code. 

“2011 Harbinger Subscription Agreement” means that certain Subscription Agreement dated August 8, 2011, between the
Company, as issuer, the Harbinger Series V Parties and the Harbinger Common Share Parties pursuant to which Harbinger II S.à r.l. acquired common shares and Series V Special Shares of the Company, as amended, restated and/or otherwise
modified from time to time. 

  

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 “2012 Subscription Agreement” means that certain Share Subscription
Agreement dated as of August 28, 2012, between the Company, as issuer, and each of the Harbinger and Pinnacle parties thereto, as subscribers, as amended and restated on September 28, 2012, and as the same may be further amended and/or
restated from time to time, pursuant to which (a) such Harbinger parties will commit to invest a total of US$44,400,000 in the Company to purchase up to 444,000 Class VI Shares and (b) such Pinnacle parties will commit to invest a total of
US$15,600,000 in the Company to purchase up to 156,000 Class VI Shares. 
 “Unreserved Lookback Amount” has the
meaning set forth in Section 6.6(j). 
 “U.S. GAAP” means generally accepted accounting principles
in the United States consistently applied throughout the specified period and in the immediately prior comparable period. 

“Vietnam” means the Socialist Republic of Vietnam. 

“Voting Period” means that period of time during which the Existing Shareholders Agreement remains in full force and
effect and a valid and enforceable agreement of the parties thereto. 
 “Voting Securities” means the Common
Shares, the Series V Special Shares and the Class VI Shares, and any other series or class of voting shares created by the Company from time to time, and, to the extent required by the British Columbia Business Corporations Act in respect of
any matter, and only to such extent, the Class VII Non-Voting Securities. 
 Section 7.2 Headings. The division of
this Agreement into Sections and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement. The terms “this Agreement”, “hereof”,
“hereunder” and similar expressions refer to this Agreement and not to any particular Section or other portion hereof and include any agreement supplemental hereto. Unless something in the subject matter or context is inconsistent
therewith, references herein to Sections and Paragraphs are to Sections and Paragraphs of this Agreement. 
 Section 7.3
Extended Meanings. In this Agreement words importing the singular number only shall include the plural and vice versa, words importing the masculine gender shall include the feminine and neuter genders and vice versa and words importing
persons shall include individuals, partnerships, associations, trusts, unincorporated organizations and corporations. 

Section 7.4 Currency. All references to currency herein are to lawful money of the United States of America. 

  

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 ARTICLE 8 
 CONFIDENTIALITY 
 Section 8.1 Confidentiality Covenant. Except
as required by Applicable Law, each of Harbinger and Pinnacle hereby covenants and agrees that it shall not, without the consent of the other shareholder and the Company, directly or indirectly, communicate or disclose to any Person, or use for any
purpose other than the business or the administration of any investment by such shareholder, any Confidential Information acquired by such shareholder, nor shall it utilize or make available any such Confidential Information, directly or indirectly,
in connection with the Transfer or proposed Transfer of any of its Securities. Nothing in this Agreement shall prevent disclosure of Confidential Information to Harbinger’s or Pinnacle’s directors, officers, employees or agents or its
financial, legal, accounting or other advisors provided such advisors are informed in advance as to the confidential nature of the communication and agree to keep such information confidential. 

Section 8.2 Other Permitted Disclosure. 
 (a) Each of Harbinger and Pinnacle may also disclose Confidential Information to any potential purchaser of its Securities any relevant information, except for trade secrets, with respect to the Company
and its Subsidiaries, in order to allow such a potential purchaser to determine whether to acquire such Securities, provided that said shareholder shall first obtain from any Person to whom information is to be disclosed, a confidentiality
agreement as to such information. 
 (b) Pinnacle and its Entity Affiliates may make disclosures to third Persons (including,
but not limited to, disclosures to security analysts or made during earnings calls) regarding Confidential Information or such other information about the Company so long as the disclosure of any such information is mutually agreed to in writing
from time to time by Pinnacle, the Company and Harbinger. As a result of such pre-approval with respect to such information, Pinnacle and its Entity Affiliates shall not be required to seek the approval of the Company and Harbinger prior to each
subsequent disclosure of such pre-approved information. 
 (c) Notwithstanding anything in this Agreement to the contrary, the
parties thereto acknowledge that PEI and its Entity Affiliates shall be entitled to make such disclosures regarding the Company and its Subsidiaries and their affairs (including, without limitation, financial information) as they deem necessary or
appropriate in connection with (a) PEI’s and its Entity Affiliates’ reporting or disclosure obligations under United States securities laws, rules and regulations and rules and regulations of stock exchanges and stock markets where
their securities are listed or traded, whether in connection with documents filed with or information supplied to the SEC, stock exchanges or other stock markets on which its securities may be listed or traded (which for purposes hereof shall
include earnings releases filed by PEI with the SEC), (b) disclosures to Governmental Authorities (including, without limitation, Gaming Authorities), and (c) corporate transactions, including without limitation public or private
securities transactions, loans and other financing transactions, proxy solicitations and merger and acquisition transactions, including, without limitation, merger and acquisition transactions involving PEI itself. 

  

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 Section 8.3 Remedies. Each of the parties agrees that the restrictions contained
in this Agreement are necessary and fundamental to the protection of the Company’s business and that all such restrictions are reasonable and valid and all defenses to the strict enforcement thereof are hereby waived. Each of the parties
acknowledges that a breach or threatened breach of any provision of this Article 8 will result in the Company and the other shareholder party hereto suffering irreparable harm not compensated by damages alone. Accordingly, the parties
agree that the Company and the other shareholder party hereto shall be entitled to interim and permanent injunctive relief, specific performance and other equitable remedies, in addition to any other relief to which such Person may be entitled under
Applicable Law. 
 ARTICLE 9 
 [INTENTIONALLY OMITTED] 
 ARTICLE 10 

MISCELLANEOUS 
 Section 10.1 Termination. 
 (a) Subject to the early termination of
any provision as a result of an amendment to this Agreement agreed to by Harbinger and Pinnacle as provided under Section 10.2: 
 (i) Upon the consummation of a Qualified IPO: 
 (A) the provisions
of Article 2, Article 3 and Article 4 shall terminate; and 
 (B) all other provisions of
this Agreement shall survive the consummation of a Qualified IPO and continue in effect. 
 (ii) Upon the
occurrence of a Liquidity Event other than a Qualified IPO: 
 (A) the provisions of Article 2,
Article 3 and Article 4 shall terminate if the managing underwriter advises the Company in good faith that, in its view, the survival of any of Article 2, Article 3 or Article 4 following the
consummation of such offering would materially impair its ability to recognize fair value for the Common Shares to be offered; and 

  

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 (B) all other provisions of this Agreement shall survive the consummation of
a such Liquidity Event and continue in effect. 
 (b) If either Harbinger or Pinnacle no longer directly or indirectly has any
beneficial interest in any Equity Securities and is otherwise not in default of this Agreement, then from that point forward such Person shall be deemed to no longer be a party to this Agreement; provided, further, that where such a
Person disposed of its Equity Securities in compliance with the provisions of this Agreement it shall be entitled to the benefit of and be bound by the rights and obligations set forth in this Agreement in respect of any matter occurring prior to
such disposition. 
 (c) Nothing in this Agreement shall relieve any party from any liability for the breach of any obligations
set forth in this Agreement. Nothing in this Section 10.1 is intended to have any effect on other contracts or agreements to which the Company is a party. 
 Section 10.2 Amendments. This Agreement and the provisions herein may be amended only if any such amendment is in writing and has been approved by Harbinger, Pinnacle and the Company and any
permitted assignees and transferees of such parties. A copy of each such amendment shall be sent to each shareholder that is a party hereto and shall be binding upon each such shareholder; provided, that the failure to deliver a copy of such
amendment shall not impair or affect the validity of such amendment. 
 Section 10.3 Waiver. The failure of a party
in any one or more instances to insist upon strict performance of any of the terms of this Agreement or to exercise any right or privilege arising under it shall not preclude it from requiring by reasonable notice that any other party duly perform
its obligations or preclude it from exercising such a right or privilege under reasonable circumstances, nor shall waiver in any one instance of a breach be construed as an amendment of this Agreement or waiver of any later breach. A party’s
failure or delay in exercising any right under this Agreement will not operate as a waiver of that right. 
 Section 10.4
Assignment. 
 (a) The Company shall not assign this Agreement or its interest herein or any part hereof except with the
prior written consent of the Majority Party and the Minority Party. Harbinger and Pinnacle shall not assign this Agreement except in the manner expressly contemplated herein. 
 (b) Notwithstanding anything to the contrary in this Agreement, each Harbinger entity that is a signatory hereto may assign from time to time any and all of its right, title and interest in and to, and
all of its obligations under or in respect of, this Agreement and any Securities or other agreement or instrument related thereto, to any other Harbinger entity that is a signatory hereto without restriction and without the consent of the Company,
the Board, Pinnacle or any other Person, and immediately upon such assignment, any such Harbinger transferee shall be deemed to include within the definition of “Harbinger” for all purposes under this terms and conditions of this
Agreement. 

  

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 (c) Notwithstanding anything to the contrary in this Agreement, neither Harbinger nor
Pinnacle nor their respective Entity Affiliates may Transfer Securities except in compliance with the terms of this Agreement. 

Section 10.5 Enforcement. The parties to this Agreement agree that irreparable damage would occur in the event that any of
the provisions of this Agreement to be performed by Harbinger, Pinnacle or the Company were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that each of the Company and each non-breaching
shareholder shall be entitled to an injunction or injunctions or such other equitable relief as may be deemed proper by a court of competent jurisdiction to prevent breaches by any shareholder party or the Company to this Agreement and to enforce
specifically the terms and provisions of this Agreement applicable to any such shareholder or the Company, this being in addition to any other remedy or relief to which each such party is entitled under Applicable Law or in equity, and that neither
any shareholder or the Company shall resist an application for such injunction, injunctions, or other equitable relief on the ground that the Company or any other shareholder has an adequate remedy under Applicable Law. In the event that the
Company, Harbinger or Pinnacle shall file suit to enforce the covenants contained in this Agreement (or obtain any other remedy in respect of any breach thereof), the prevailing party in the suit shall be entitled to recover, in addition to all
other damages to which it may be entitled, the costs incurred by such party in conducting the suit, including reasonable attorney’s fees and expenses. 
 Section 10.6 Notices. All notices, demands or requests required or permitted under this Agreement must be in writing, and shall be made by hand delivery, certified mail, overnight courier
service, electronic mail or facsimile to the address, electronic mail address or facsimile number set forth below such shareholder’s name, but any party may designate a different address, electronic mail address or facsimile number by a notice
similarly given to the Company. Any such notice or communication shall be deemed given when delivered by hand, if delivered on a Business Day, the next Business Day after delivery by hand if delivered by hand on a day that is not a Business Day;
four (4) days after being deposited in the United States mail, postage prepaid, return receipt requested, if mailed; on the next Business Day after being deposited for next day delivery with Federal Express or a similar overnight courier; when
receipt is acknowledged, whether by facsimile confirmation or return electronic mail, if sent by facsimile or electronic mail on a Business Day; and the next Business Day following the day on which receipt is acknowledged whether by facsimile
confirmation or return electronic mail, if sent by facsimile or electronic mail on a day that is not a Business Day. 
 (a) to
the Company: 
 Asian Coast Development (Canada) Ltd. 

  

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 1055 West Hastings Street – Suite 2150 

Vancouver, British Columbia 
 Canada V6E 2E9 
 Attention: Lloyd Nathan 

Facsimile: (778) 329-0439 
 Email: lnathan@asiancoastdevelopment.com 
 with a copy, not constituting
notice, to: 
 Heenan Blaikie LLP 
 #2200 – 1055 West Hastings Street 
 Vancouver, British Columbia 

Canada V6E 2E9 

Attention: John Legge 
 Facsimile: (604) 669-5101 
 Email: jlegge@heenan.ca 

(b) to Harbinger: 
 Harbinger II S.à r.l. 
 412F, route d’Esch 

L-1471 Luxembourg 

Attention: Christine Bourg, Senior Corporate Officer 
 Facsimile: (+352) 47 11 01 
 with a copy, not constituting notice, to:

 Milbank, Tweed, Hadley & McCloy LLP 
 1 Chase Manhattan Plaza 
 New York, NY 10005 

Attention: Alexander Kaye 
 Facsimile: (212) 822-5171 
 Email: akaye@milbank.com 

and with a further copy not constituting notice, to: 
 Harbinger Capital Partners Master Fund I, Ltd. 
 c/o Harbinger Capital Partners

 450 Park Avenue, 30th Floor 
 New York NY 10022 
 Attention: General Counsel 

Facsimile: (212) 898-1309 
 Email: rroger@harbingercapital.com 
 (c) to Pinnacle and PNK Development 31, LLC:

  

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 PNK Development 18, LLC 

8918 Spanish Ridge Ave. 
 Las Vegas, NV 89148 
 Attention: Corporate Secretary 

Facsimile: (702) 784-7773 
 with a copy, not constituting notice, to: 
 Irell & Manella LLP

 1800 Avenue of the Stars 
 Suite 900 
 Los Angeles, CA 90067-4276 

Attention: Ashok Mukhey 
 Facsimile: (310) 203-7199 
 Email: amukhey@irell.com 

Section 10.7 Further Assurances. 
 (a) Each of the parties hereto shall from time to time at the request of any of the other parties hereto and without further consideration, execute and deliver all such other additional assignments,
transfers, instruments, notices, releases and other documents and shall do all such other acts and things as may be necessary or desirable to carry out the true intent and meaning of this Agreement. 

(b) The Company shall use its commercially reasonable efforts to negotiate future Company contracts to provide that at such time as
Pinnacle shall become the holder of a majority of the voting power of the outstanding Voting Securities, such event shall not constitute a “change of control” or similar occurrence under any such future Company contract. 

(c) Each of Harbinger and Pinnacle agrees to not, without the written consent of the other party, amend the Harbinger Subscription
Agreements or the Pinnacle Subscription Agreement, respectively, or the 2012 Subscription Agreement. 
 Section 10.8
Binding Effect. This Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns. 

Section 10.9 No Third Party Beneficiaries. Nothing expressed or referred to in this Agreement will be construed to give any
Person, other than the Company, Harbinger and Pinnacle any legal or equitable right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. 

Section 10.10 Severability. If any provision of this Agreement is determined to be invalid or unenforceable in whole or in
part, such invalidity or unenforceability shall attach only to such provision or part thereof and the remaining part of such provision and all other provisions hereof shall continue in full force and effect. 

  

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 Section 10.11 Entire Agreement. This Agreement constitutes the entire agreement
among the parties pertaining to the specific subject matter hereof and supersedes any and all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties related to such specific subject matter. There are
no warranties, representations or other agreements among the parties in connection with the specific subject matter hereof except as specifically set forth herein and therein. 
 Section 10.12 Governing Law. 
 (a) This Agreement shall be deemed to
be made in, and in all respects shall be interpreted, construed and governed by and in accordance with the laws of the Province of British Columbia and the federal laws of Canada applicable therein without regard to any conflict of law principles
thereof that would result in the application of the laws of any other jurisdiction. 
 (b) Each of the parties agrees that any
action or proceeding arising out of or relating to this Agreement must be instituted in the Courts of the Province of British Columbia, waives any objection which it may have now or later to the venue of that action or proceeding, irrevocably and
unconditionally submits to the exclusive jurisdiction of those Courts in that action or proceeding and agrees to be bound by any final judgment of those Courts. 
 Section 10.13 Independent Legal Advice. With respect to the preparation of this Agreement and the rights and obligations herein, all parties to this Agreement acknowledge and confirm that they
have been advised to seek, and have sought or otherwise have waived, independent legal advice with respect to this Agreement and the documents delivered pursuant thereto. 
 Section 10.14 Expenses. Except as otherwise expressly provided herein, each party will pay its own costs and expenses, including legal and accounting expenses, related to the negotiation,
preparation and execution of this Agreement and the transactions occurring substantially simultaneously with the execution of this Agreement. 
 Section 10.15 Counterparts. This Agreement may be executed by facsimile or other electronic transmission and in as many counterparts as are necessary, each of which shall be deemed to be an
original, and shall be binding on each party when each party hereto has signed and delivered one such counterpart. When a counterpart of this Agreement has been executed by each party, all counterparts together shall constitute one agreement.

  

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 Section 10.16 English Language. The parties acknowledge that they have required
that these presents be drawn up in the English language. Les parties reconnaissent avoir exigé que les présentes soient rédigées en langue anglaise. 
 [Signature Pages Follow] 

  

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 IN WITNESS WHEREOF the parties, intending to be legally bound, have executed and delivered
this Agreement. 
  

									
	ASIAN COAST DEVELOPMENT (CANADA) LTD.	 		 	HARBINGER II S.À R.L.
					
	Per:	 	/s/ Stephen Shoemaker	 		 	Per:	 	/s/ Robin Rogers
	Name:	 	Stephen Shoemaker	 		 	Name:	 	
	Title:	 	Chief Financial Officer	 		 	Title:	 	
					
		 		 		 	Per:	 	/s/ Nicolas Gérard
		 		 		 	Name:	 	Nicolas Gérard
		 		 		 	Title:	 	
			
	BLUE LINE ACDL, INC.	 		 	BREAKAWAY ACDL, INC.
					
	Per:	 	/s/ Keith Hladek	 		 	Per:	 	/s/ Keith Hladek
	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	HARBINGER CHINA DRAGON INTERMEDIATE FUND, L.P., By: Harbinger Capital Partners II LP, its investment manager	 		 	CREDIT DISTRESSED BLUE LINE MASTER FUND, LTD., By: Harbinger Capital Partners II LP, its investment manager
					
	Per:	 	/s/ Keith Hladek	 		 	Per:	 	/s/ Keith Hladek
	Name:	 		 		 	Name:	 	
	Title:	 		 		 	Title:	 	
			
	GLOBAL OPPORTUNITIES BREAKAWAY LTD., By: Harbinger Capital Partners II LP, its investment manager	 		 	PNK DEVELOPMENT 18, LLC
					
	Per:	 	/s/ Keith Hladek	 		 	Per:	 	/s/ Carlos Ruisanchez
	Name:	 		 		 	Name:	 	C. Ruisanchez
	Title:	 		 		 	Title:	 	CFO & Treasurer

 [Signature Page to Third Amended and Restated Shareholders Agreement] 

  

- 98 - 

			
	PNK DEVELOPMENT 31, LLC
		
	Per:	 	/s/ Carlos Ruisanchez
	Name:	 	C. Ruisanchez
	Title:	 	EVP, Chief Financial Officer & Treasurer

 [Signature Page to Third Amended and Restated Shareholders Agreement] 

  

- 99 - 

 Schedule 6.2(a)(v) 
 Project Delta 
 Construction Budget Analysis – Zone A1 

Items Subject to 3% Variance 
 Hard Costs: 
 Convention Center 

Casino 
 Retail

 Hotel 

Back of House 

External Works 
 Soft Costs:

 FF&E/OS&E 
 IT Systems 
 Project Office 

Nursery (Golf Course) 
 Acceleration Cost 
 Pre-Opening 

Items Not Subject to 3% Variance 
 Remaining Budget Costs: 
 Consultant Fees 

Local and Provincial Authority Fees 
 HTP OH / Insurance / MGM CAA Fees and Other 
 Buses 

Helicopters 

Currency conversion from USD to VND 
 Importation Duties 
 Cost Escalation 

Project Contingency 

 Schedule 6.2(b)(i) 
 All agreements and instruments referred to in Schedule “D” to the Pinnacle Subscription Agreement to which Harbinger or any of its Entity Affiliates is a party, together with (i) the Blue
Line Loan Agreement, (ii) the Administrative Services Agreement to be entered into between Asian Coast Development (Canada) Ltd. and PNK Development 31, LLC, among others, pursuant to the Services Agreement Term Sheet, (iii) the Stock
Option Agreement dated as of August 29, 2012 between Asian Coast Development (Canada) Ltd. and PNK Development 31, LLC and (iv) all Transaction Documents to which Harbinger or any of its Entity Affiliates is a party. 

 Schedule 6.2(b)(ii)(B) 

Illustrative Examples of Purchase Right set forth in Section 6.2(b)(ii)(B) 

This Schedule 6.2(b)(ii)(B) and the attached spreadsheet and timeline are for illustrative purposes only and set forth
several examples of Pinnacle’s right to acquire from Harbinger and its Entity Affiliates Financing Securities pursuant to the terms and conditions of Section 6.2(b)(ii)(B) (solely for purposes of this Schedule and corresponding
spreadsheet and timeline, the “Look Back Right”). To the extent that there is a conflict between this Schedule, the corresponding spreadsheet and timeline, on the one hand, and the Agreement, on the other hand, the terms and
conditions of the Agreement shall prevail. Capitalized terms used in this Schedule, the corresponding spreadsheet and timeline that are not defined herein shall have the meanings set forth in the Agreement. 

Universal Assumptions 
 The assumptions below shall apply to each illustrative example provided for in this Schedule, and shall be in addition to the specific assumptions set forth in each illustrative example in this Schedule.
These universal assumptions assume that immediately following the consummation of the transactions contemplated by this Agreement: 
  

	 	(a)	the Company will have 100 Common Shares issued and outstanding. 

  

	 	(b)	Harbinger will own 70 Common Shares on a Fully Diluted Basis. 

  

	 	(c)	Pinnacle will own 26 Common Shares on a Fully Diluted Basis. 

  

	 	(d)	As a result, relative to one another: 

  

	 	(i)	Harbinger will own (A) 73% of the Common Shares collectively held by Harbinger and Pinnacle and (B) 70% of the Common Shares on a Fully Diluted Basis; and

  

	 	(ii)	Pinnacle will own (A) 27% of the Common Shares collectively held by Harbinger and Pinnacle and (B) 26% of the Common Shares on a Fully Diluted Basis.

  

	 	(e)	For purposes of this Schedule 6.2(b)(ii)(B), the terms “Harbinger” and “Pinnacle” shall include their respective Entity Affiliates that own
Equity Securities. 

 (collectively, the assumptions above in clauses (a) – (e) are referred to in
this Schedule as the “Universal Assumptions”). 

  
 1 

 Scenario #1 
  

	 	•	 	 Three issuances of Common Shares by the Company. 

 

	 	•	 	 Harbinger fully exercises its preemptive rights from Company in all issuances. 

 

	 	•	 	 Pinnacle’s exercises of its preemptive rights varies by issuance. 

 

	 	•	 	 Pinnacle exercises Look Back Right related to Issuance 2. 

In addition to the Universal Assumptions, the following additional assumptions apply to Scenario #1: 

 

	(1)	The Company issues 100 Common Shares on Day 1 (“Issuance 1”). 

 

	 	(a)	Harbinger fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(C), acquires
72.92 Common Shares from the Company in Issuance 1. 

  

	 	(i)	i.e., 72.92 Common Shares equals: 

  

	 	(A)	100 Common Shares issued by the Company in Issuance 1 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 70 Common Shares held by Harbinger prior to Issuance 1 and the denominator of which is 96 Common Shares held
collectively by Harbinger and Pinnacle prior to Issuance 1. 

  

	 	(b)	Pinnacle fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(C), acquires
the remaining 27.08 Common Shares from the Company in Issuance 1. 

  

	 	(i)	i.e., 27.08 Common Shares equals: 

  

	 	(A)	100 Common Shares issued by the Company in Issuance 1 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 26 Common Shares held by Pinnacle prior to Issuance 1 and the denominator of which is 96 Common Shares held
collectively by Harbinger and Pinnacle prior to Issuance 1. 

  

	 	(c)	No remaining Common Shares in Issuance 1. 

  

	(2)	Exactly one year following Issuance 1, the Company issues another 100 Common Shares (“Issuance 2”). 

 

	 	(a)	Harbinger fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(C), acquires
72.92 Common Shares from the Company in Issuance 2. 

  

	 	(i)	i.e., 72.92 Common Shares equals: 

  

	 	(A)	100 Common Shares issued by the Company in Issuance 2 multiplied by 

  
 2 

	 	(B)	a fraction, the numerator of which is 142.92 Common Shares held by Harbinger prior to Issuance 2 and the denominator of which is 196.00 Common Shares held
collectively by Harbinger and Pinnacle prior to Issuance 2. 

  

	 	(b)	Pinnacle exercises 50% of its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(C), acquires
13.54 Common Shares from the Company in Issuance 2. 

  

	 	(i)	i.e., 13.54 Common Shares equals: 

  

	 	(A)	100 Common Shares issued by the Company in Issuance 2 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 53.08 Common Shares held by Pinnacle prior to Issuance 2 and the denominator of which is 196.00 Common Shares held
collectively by Harbinger and Pinnacle prior to Issuance 2 divided by 

  

	 	(C)	2 (i.e., 50%). 

  

	 	(c)	The remaining Common Shares from Issuance 2 (i.e., 13.54 Common Shares) are acquired by stockholders other than Harbinger or Pinnacle.

  

	(3)	Look Back Right: 

  

	 	(a)	During the notice period with respect to Issuance 3 as provided for in Section 4.1(c) and prior to the issuance in Issuance 3, Pinnacle fully
exercises its Look Back Right with respect to Issuance 2 to acquire 6.21 Common Shares from the 72.92 Common Shares that Harbinger acquired in Issuance 2. 

 

	 	(i)	i.e., 6.21 Common Shares equals the difference between: 

  

	 	(A)	the product of: 

  

	 	(I)	Pinnacle’s Common Share ownership interest relative to Harbinger’s Common Share ownership interest immediately prior to Issuance 2, expressed as a
percentage (27.08%), multiplied by 

  

	 	(II)	the Common Shares purchased by Harbinger from the Company in Issuance 2 (72.92 Common Shares). 

minus 
  

	 	(B)	13.54 Common Shares that Pinnacle purchased from the Company in Issuance 2. 

** Note: Because this Look Back Right is exercised before the First Anniversary of Issuance 2, there is no Sliding Pro
Rata Adjustment. 

  
 3 

	(4)	On the second anniversary of Issuance 1, the Company issues another 100 Common Shares (“Issuance 3”). 

 

	 	(a)	Harbinger fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(C), acquires
74.22 Common Shares from the Company in Issuance 3. 

  

	 	(i)	i.e., 74.22 Common Shares equals: 

  

	 	(A)	100 Common Shares issued by the Company in Issuance 3 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 209.63 Common Shares held by Harbinger prior to Issuance 3 and the denominator of which is 282.46 Common Shares
held collectively by Harbinger and Pinnacle prior to Issuance 3. 

  

	 	(b)	Pinnacle fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(C), acquires
25.78 Common Shares from the Company in Issuance 3. 

  

	 	(i)	i.e., 25.78 Common Shares equals: 

  

	 	(A)	100 Common Shares issued by the Company in Issuance 3 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 72.83 Common Shares held by Pinnacle prior to Issuance 3 and the denominator of which is 282.46 Common Shares held
collectively by Harbinger and Pinnacle prior to Issuance 3. 

  
 4 

 Scenario #2 
  

	 	•	 	 Issuance of New Class of Securities by the Company (e.g., Series VI Special Shares). 

 

	 	•	 	 Two additional issuances of Series VI Special Shares over a 2–year period. 

 

	 	•	 	 Harbinger fully exercises its preemptive rights from Company in all issuances. 

 

	 	•	 	 Pinnacle’s exercise of its preemptive rights varies with issuance. 

 

	 	•	 	 Pinnacle exercises Look Back Rights. 

 In addition to the Universal Assumptions, the following additional assumptions apply to Scenario #2: 
  

	(1)	On Day 1, the Company issues 100 shares of a New Class of Securities – the Series VI Special Shares (“Issuance 1”).

  

	 	(a)	Harbinger fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(A), acquires
72.92 Series VI Special Shares from the Company in Issuance 1. 

  

	 	(i)	i.e., 72.92 Series VI Special Shares equals: 

  

	 	(A)	100 Series VI Special Shares issued by the Company in Issuance 1 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 70 Common Shares held by Harbinger prior to Issuance 1 and the denominator of which is 96 Common Shares held
collectively by Harbinger and Pinnacle prior to Issuance 1. 

  

	 	(b)	Pinnacle exercises 25% of its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(A), acquires
6.77 Series VI Special Shares from the Company in Issuance 1. 

  

	 	(i)	i.e., 6.77 Series VI Special Shares equals: 

  

	 	(A)	100 Series VI Special Shares issued by the Company in Issuance 1 multiplied by  

 

	 	(B)	a fraction, the numerator of which is 26 Common Shares held by Pinnacle prior to Issuance 1 and the denominator of which is 96 Common Shares held
collectively by Harbinger and Pinnacle prior to Issuance 1 divided by 

  

	 	(C)	4 (i.e., 25%). 

  

	 	(c)	The remaining Series VI Special Shares from Issuance 1 (i.e., 20.31 Series VI Special Shares) are acquired by stockholders other than
Harbinger or Pinnacle. 

  
 5 

	(2)	Exactly six months following Issuance 1, the Company issues Add-On Securities by issuing another 100 Series VI Special Shares (“Issuance
2”). 

  

	 	(a)	Harbinger fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(B), acquires
72.92 Series VI Special Shares from the Company in Issuance 2. 

  

	 	(i)	i.e., 72.92 Series VI Special Shares equals: 

  

	 	(A)	100 Series VI Special Shares issued by the Company in Issuance 2 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 72.92 Series VI Special Shares held by Harbinger prior to Issuance 2 and the denominator of which is
100 Series VI Special Shares issued and outstanding on a Fully Diluted Basis prior to Issuance 2. 

  

	 	(b)	Pinnacle fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(B), acquires
6.77 Series VI Special Shares from the Company in Issuance 2. 

  

	 	(i)	i.e., 6.77 Series VI Special Shares equals: 

  

	 	(A)	100 Series VI Special Shares issued by the Company in Issuance 2 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 6.77 Series VI Special Shares held by Pinnacle prior to Issuance 2 and the denominator of which is
100 Series VI Special Shares issued and outstanding on a Fully Diluted Basis prior to Issuance 2. 

  

	 	(c)	The remaining Series VI Special Shares from Issuance 2 (i.e., 20.31 Series VI Special Shares) are acquired by stockholders other than Harbinger or
Pinnacle. 

  

	(3)	Look Back Right – With Respect to Issuance 1: 

  

	 	(a)	One day prior to the issuance in Issuance 3 (and during the notice period with respect to Issuance 3 as provided for in Section 4.1(c)), Pinnacle
fully exercises its Look Back Right with respect to Issuance 1 to acquire 6.51 Series VI Special Shares from the 72.92 Series VI Special Shares that Harbinger acquired in Issuance 1. 

 

	 	(i)	i.e., 6.51 Series VI Special Shares equals the amount determined by: 

 

	 	(A)	the product of: 

  

	 	(I)	Pinnacle’s Common Share ownership interest relative to Harbinger’s Common Share ownership interest immediately prior to Issuance 1, expressed as a
percentage (27.08%), multiplied by 

  

	 	(II)	the Series VI Special Shares purchased by Harbinger from the Company in Issuance 1 (72.92 Series VI Special Shares) 

  
 6 

 minus 

 

	 	(B)	6.77 Series VI Special Shares that Pinnacle purchased from the Company in Issuance 1 

multiplied by 
  

	 	(C)	0.50, which represents the Sliding Pro Rata Preemptive Portion, which is equal to: 

 

	 	(I)	366 (representing the number of days between the date on which Pinnacle exercised the Look Back Right with respect to Issuance 1 and the Third Anniversary of
Issuance 1) divided by 

  

	 	(II)	730. 

  

	(4)	Look Back Right – With Respect to Issuance 2: 

  

	 	(a)	One day prior to the issuance in Issuance 3 and immediately following the exercise of the Look Back Right on Issuance 1 (and during the notice period with
respect to Issuance 3 as provided for in Section 4.1(c)), Pinnacle fully exercises its Look Back Right with respect to Issuance 2 to acquire 9.80 Series VI Special Shares from the 72.92 Series VI Special Shares
that Harbinger acquired in Issuance 2. 

  

	 	(i)	i.e., 9.80 Series VI Special Shares equals the amount determined by: 

 

	 	(A)	the product of: 

  

	 	(I)	Pinnacle’s Common Share ownership interest relative to Harbinger’s Common Share ownership interest immediately prior to Issuance 2, expressed as a
percentage (27.08%), multiplied by 

  

	 	(II)	the Series VI Special Shares purchased by Harbinger from the Company in Issuance 2 (72.92 Series VI Special Shares) 

minus 
  

	 	(B)	6.77 Series VI Special Shares that Pinnacle purchased from the Company in Issuance 2 

multiplied by 
  

	 	(C)	0.75, which represents the Sliding Pro Rata Preemptive Portion, which is equal to: 

 

	 	(I)	551 (representing the number of days between the date on which Pinnacle exercised the Look Back Right with respect to Issuance 2 and the Third Anniversary of
Issuance 2) divided by 

  

	 	(II)	730. 

  
 7 

	(5)	On the second anniversary of Issuance 1, the Company issues Add-On Securities by issuing another 100 Series VI Special Shares (“Issuance
3”). 

  

	 	(a)	Harbinger fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(B) and
taking into account the Look Back Rights exercised above, acquires 64.77 Series VI Special Shares from the Company in Issuance 3. 

  

	 	(i)	i.e., 64.77 Series VI Special Shares equals: 

  

	 	(A)	100 Series VI Special Shares issued by the Company in Issuance 3 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 129.53 Series VI Special Shares held by Harbinger prior to Issuance 3 and the denominator of which is
200 Series VI Special Shares issued and outstanding on a Fully Diluted Basis prior to Issuance 3. 

  

	 	(b)	Pinnacle fully exercises its preemptive rights under Article 4, and as a result of the calculations set forth in Section 4.1(a)(i)(B), acquires
14.92 Series VI Special Shares from the Company in Issuance 3. 

  

	 	(i)	i.e., 14.92 Series VI Special Shares equals: 

  

	 	(A)	100 Series VI Special Shares issued by the Company in Issuance 3 multiplied by 

 

	 	(B)	a fraction, the numerator of which is 29.84 Common Shares held by Pinnacle prior to Issuance 3 and the denominator of which is 200 Series VI Special
Shares issued and outstanding on a Fully Diluted Basis prior to Issuance 3. 

  

	 	(c)	The remaining Series VI Special Shares from Issuance 3 (i.e., 20.31 Series VI Special Shares) are acquired by stockholders other than
Harbinger or Pinnacle. 

  
 8 

			
		  	Schedule 6.2(b)(ii)(B) - Spreadsheet
		
	Scenario #1	  	Three Common Shares Issuances; Look Back Righton Issuance 2 Exercised
		
	Background	  	
	100.00	  	Total Common Shares issued and outstanding prior to Issuance 1
	70.00	  	Harbinger’s Common Share ownership prior to Issuance 1
	26.00	  	Pinnacle’s Common Share ownership prior to Issuance 1
	96.00	  	Harbinger’s and Pinnacle’s Common Share Ownership prior to Issuance 1
	70.00%	  	Harbinger’s % of total Common Shares issued and outstanding prior to Issuance 1
	26.00%	  	Pinnacle’s % of total Common Shares issued and outstanding prior to Issuance 1
	72.92%	  	Harbinger’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 1
	27.08%	  	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 1
		
	Issuance 1 (Day 1)	  	Issuance of Common Shares
	100.00	  	Total Common Shares Issued in Issuance 1
	72.92	  	Harbinger’s 100% Common Share acquisition from the Company in Issuance 1
	27.08	  	Pinnacle’s 100% Common Share acquisition from the Company in Issuance 1
	0.00	  	Third Party acquisition from the Company in Issuance 1
		
	200.00	  	Total Common Shares issued and outstanding following Issuance 1
		
	Issuance 2 (1 year later)	  	Issuance of Common Shares
	142.92	  	Harbinger’s Common Share ownership prior to Issuance 2
	53.08	  	Pinnacle’s Common Share ownership prior to Issuance 2
	196.00	  	Harbinger’s and Pinnacle’s Common Share ownership prior to Issuance 2
	71.46%	  	Harbinger’s % of total Common Shares issued and outstanding prior to Issuance 2
	26.54%	  	Pinnacle’s % of total Common Shares issued and outstanding prior to Issuance 2
	72.92%	  	Harbinger’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 2
	27.08%	  	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 2
		
	100.00	  	Total Common Shares issued in Issuance 2
	72.92	  	Harbinger’s 100% Common Share acquisition from the Company in Issuance 2
	13.54	  	Pinnacle’s 50% Common Share acquisition from the Company in Issuance 2
	13.54	  	Third Party acquisition from the Company in Issuance 2
		
	300.00	  	Total Common Shares issued and outstanding following Issuance 2
		
	Look Back Right	  	Prior to Issuance 3
	27.08%	  	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 2
	72.92	  	Harbinger’s 100% Common Share acquisition from the Company in Issuance 2
	13.54	  	Pinnacle’s purchased Common Shares in Issuance 2
	6.21	  	Maximum number of Common Shares subject to Look Back on Issuance 2
	0.00	  	Sliding Pro Rata Adjustment (N/A)
	6.21	  	Common Shares purchased by Pinnacle from Harbinger via Look Back Right on Issuance 2
	72.83	  	Pinnacle’s Common Share ownership following Look Back Right on Issuance 2
	209.63	  	Harbinger’s Common Share ownership following Look Back Right on Issuance 2

			
	Issuance 3 (2 years later)	  	Issuance of Common Shares
	209.63	  	Harbinger’s Common Share ownership prior to Issuance 3
	72.83	  	Pinnacle’s Common Share ownership prior to Issuance 3
	282.46	  	Harbinger’s and Pinnacle’s Common Share Ownership prior to Issuance 3
	69.88%	  	Harbinger’s % of total Common Shares issued and outstanding prior to Issuance 3
	24.28%	  	Pinnacle’s % of total Common Shares issued and outstanding prior to Issuance 3
	74.22%	  	Harbinger’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 3
	25.78%	  	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 3
		
	100.00	  	Total Common Shares issued in Issuance 3
	74.22	  	Harbinger’s 100% Common Share acquisition from the Company in Issuance 3
	25.78	  	Pinnacle’s 100% Common Share acquisition from the Company in Issuance 3
		
	Results	  	
	400.00	  	Total Common Shares issued and outstanding following Issuance 3
	283.84	  	Harbinger’s Common Share ownership following Issuance 3
	98.62	  	Pinnacle’s Common Share ownership following Issuance 3
	382.46	  	Harbinger’s and Pinnacle’s Common Share Ownership following Issuance 3
	70.96%	  	Harbinger’s % of total Common Shares issued and outstanding following Issuance 3
	24.65%	  	Pinnacle’s % of total Common Shares issued and outstanding following Issuance 3
	74.22%	  	Harbinger’s % of total Common Shares held by Harbinger and Pinnacle following Issuance 3
	25.78%	  	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle following Issuance 3

 Schedule 6.2(b)(ii)(B) - Spreadsheet 

 

									
	Scenario #2	    	New Class of Securities Issuance with Add-Ons; Look Back Rights Exercised	    				 	
				
	Background	    		    				 	
	100.00	    	Total Common Shares issued and outstanding prior to Issuance 1	    				 	
	70.00	    	Harbinger’s Common Share ownership prior to Issuance 1	    				 	
	26.00	    	Pinnacle’s Common Share ownership prior to Issuance 1	    				 	
	96.00	    	Harbinger’s and Pinnacle’s Common Share Ownership prior to Issuance 1	    				 	
	70.00%	    	Harbinger’s % of total Common Shares issued and outstanding prior to Issuance 1	    				 	
	26.00%	    	Pinnacle’s % of total Common Shares issued and outstanding prior to Issuance 1	    				 	
	72.92%	    	Harbinger’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 1	    				 	
	27.08%	    	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 1	    				 	
				
	Issuance 1 (Day 1)	    	Issuance of New Class of Securities - Series VI Special Shares	    				 	
	100.00	    	Total Series VI Special Shares Issued in Issuance 1	    				 	
	72.92	    	Harbinger’s 100% Series VI Special Shares acquisition from the Company in Issuance 1	    				 	
	6.77	    	Pinnacle’s 25% Series VI Special Shares acquisition from the Company in Issuance 1	    				 	
	20.31	    	Third Party acquisition from the Company in Issuance 1	    				 	
				
	100.00	    	Total Common Shares issued and outstanding following Issuance 1	    				 	
	100.00	    	Total Series VI Special Shares issued and outstanding following Issuance 1	    				 	
				
	Issuance 2 (6 months later)	    	Issuance of Add-On Securities - Series VI Special Shares	    				 	
	72.92	    	Harbinger’s Series VI Special Shares ownership prior to Issuance 2	    				 	
	6.77	    	Pinnacle’s Series VI Special Shares ownership prior to Issuance 2	    				 	
	100.00	    	Total Series VI Special Shares issued and outstanding prior to Issuance 2	    				 	
				
	100.00	    	Total Series VI Special Shares issued in Issuance 2	    				 	
	72.92	    	Harbinger’s 100% Series VI Special Shares acquisition from the Company in Issuance 2	    				 	
	6.77	    	Pinnacle’s 100% Series VI Special Shares acquisition from the Company in Issuance 2	    				 	
	20.31	    	Third Party acquisition from the Company in Issuance 2	    				 	
				
	100.00	    	Total Common Shares issued and outstanding following Issuance 2	    				 	
	200.00	    	Total Series VI Special Shares issued and outstanding following Issuance 2	    				 	
			
	Look Back Rights (1 day prior to Issuance 3)	    				 	
				
	    With respect to Issuance 1	    		    				 	
	27.08%	    	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 1	    				 	
	72.92	    	Harbinger’s 100% Series VI Special Shares acquisition from the Company in Issuance 1	    				 	
	6.77	    	Pinnacle’s purchased Series VI Special Shares in Issuance 1	    				 	
	12.98	    	Maximum number of Series VI Special Shares subject to Look Back on Issuance 1	    				 	
	0.50	    	Sliding Pro Rata Preemptive Portion (Third Anniversary - Exercise Date / 730)	    	 	366.00	  	 	3rd Ann - Exercise Date
	6.51	    	Series VI Special Shares purchased by Pinnacle from Harbinger via Look Back Right on Issuance 1	    				 	
	20.05	    	Pinnacle’s Series VI Special Share ownership following Look Back Right on Issuance 1	    				 	
	139.33	    	Harbinger’s Series VI Special Share ownership following Look Back Right on Issuance 1	    				 	
				
	    With respect to Issuance 2	    		    				 	
	27.08%	    	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle prior to Issuance 2	    				 	
	72.92	    	Harbinger’s 100% Series VI Special Shares acquisition from the Company in Issuance 2	    				 	
	6.77	    	Pinnacle’s purchased Series VI Special Shares in Issuance 2	    				 	
	12.98	    	Maximum number of Series VI Special Shares subject to Look Back on Issuance 2	    				 	
	0.75	    	Sliding Pro Rata Preemptive Portion (Third Anniversary - Exercise Date / 730)	    	 	551.00	  	 	3rd Ann - Exercise Date
	9.80	    	Series VI Special Shares purchased by Pinnacle from Harbinger via Look Back Right on Issuance 2	    				 	
	29.84	    	Pinnacle’s Series VI Special Share ownership following Look Back Right on Issuance 2	    				 	
	129.53	    	Harbinger’s Series VI Special Share ownership following Look Back Right on Issuance 2	    				 	
				
	    Issuance 3 (2 years later)	    	Issuance of Add-On Securities - Series VI Special Shares	    				 	
	129.53	    	Harbinger’s Series VI Special Shares ownership prior to Issuance 3	    				 	
	29.84	    	Pinnacle’s Series VI Special Shares ownership prior to Issuance 3	    				 	
	200.00	    	Total Series VI Special Shares issued and outstanding prior to Issuance 3	    				 	
				
	100.00	    	Total Series VI Special Shares issued in Issuance 3	    				 	
	64.77	    	Harbinger’s 100% Series VI Special Shares acquisition from the Company in Issuance 3	    				 	
	14.92	    	Pinnacle’s 100% Series VI Special Shares acquisition from the Company in Issuance 3	    				 	
	20.31	    	Third Party acquisition from the Company in Issuance 3	    				 	

							
			
	Results	 				    	
		
	     Common Shares
	   
	    	
		 	 	100.00	  	    	Total Common Shares issued and outstanding following Issuance 3
		 	 	70.00	  	    	Harbinger’s Common Share ownership following Issuance 3
		 	 	26.00	  	    	Pinnacle’s Common Share ownership following Issuance 3
		 	 	96.00	  	    	Harbinger’s and Pinnacle’s Common Share Ownership following Issuance 3
		 	 	70.00%	  	    	Harbinger’s % of total Common Shares issued and outstanding following Issuance 3
		 	 	26.00%	  	    	Pinnacle’s % of total Common Shares issued and outstanding following Issuance 3
		 	 	72.92%	  	    	Harbinger’s % of total Common Shares held by Harbinger and Pinnacle following Issuance 3
		 	 	27.08%	  	    	Pinnacle’s % of total Common Shares held by Harbinger and Pinnacle following Issuance 3
		
	     Series VI Special Shares
	   
	    	
		 	 	300.00	  	    	Total Series VI Special Shares issued and outstanding following Issuance 3
		 	 	194.30	  	    	Harbinger’s Series VI Special Shares ownership following Issuance 3
		 	 	44.77	  	    	Pinnacle’s Series VI Special Shares ownership following Issuance 3
		 	 	60.94	  	    	Third Party’s Series VI Special Shares ownership following Issuance 3
		 	 	239.06	  	    	Harbinger’s and Pinnacle’s Series VI Special Shares Ownership following Issuance 3
		 	 	64.77%	  	    	Harbinger’s % of total Series VI Special Shares issued and outstanding following Issuance 3
		 	 	14.92%	  	    	Pinnacle’s % of total Series VI Special Shares issued and outstanding following Issuance 3
		 	 	20.31%	  	    	Third Party’s % of total Series VI Special Shares issued and outstanding following Issuance 3
		 	 	81.27%	  	    	Harbinger’s % of total Series VI Special Shares held by Harbinger and Pinnacle following Issuance 3
		 	 	18.73%	  	    	Pinnacle’s % of total Series VI Special Shares held by Harbinger and Pinnacle following Issuance 3

 

 

			
		  	

 

 

			
		  	

 SCHEDULE “E” 

ANTI-CORRUPTION POLICY 
 ASIAN COAST DEVELOPMENT (CANADA) LTD. (THE “COMPANY”) 
 Anti-Corruption Policy 
 Purpose 

The purpose of this policy is to inform all Company employees of our policy regarding payments to government officials, and to set forth the requirement
that all staff avoid making improper payments to government officials or otherwise violating any applicable anti-bribery or anti-corruption laws, including the U.S. Foreign Corrupt Practices Act (the “FCPA”). 

All employees are prohibited from making improper payments or gifts to government officials and shall at all times maintain proper business contacts and
relationships with any government officials we encounter in the course of our business. The Company expects all employees to be familiar with this policy and will take a “zero tolerance” approach to its application, which covers all
payments to government officials, whether made by a Company employee or by a third party with whom we work. 
 Policy 

The Company requires all directors, officers, managers, employees, and those acting on behalf of the Company, to abide by all applicable laws and
regulations at all times. The Company will not pursue any business anywhere that requires us to participate in unethical or illegal activity in order to obtain or retain business. 
 Prohibited payments to Government Officials 
 No employees or any person acting on the
Company’s behalf (including subcontractors or agents) shall: 
  

	1.	Make any offer, payment, promise, or gift, or offer anything of value to any government official—whether directly to a government official or directly or
indirectly through a third party—for the purpose of unlawfully: 

  

	 	•	 	 influencing any act or decision of a government official in his official capacity; 

 

	 	•	 	 inducing a government official to do or fail to do anything in violation of his or her duty; 

 

	 	•	 	 inducing a government official to use his or her influence to affect or influence any client act or decision to assist the Company in obtaining or
retaining business; or 

	2.	Make any offer, payment, promise, or gift, or offer anything of value to any person or entity knowing or being aware (or where such employee or person acting on the
Company’s behalf should know or be aware) that any portion of the same shall be used to unlawfully influence the acts of any client or any government official. 

 In addition, no employees (or other persons for the Company’s benefit) may enter into any agreement or other arrangement, whether directly or indirectly, with any government official for the purposes
described above. 
 Exceptions to the prohibition 
 The above prohibition is subject to the exceptions listed below. Many of the exceptions have been the subject of specific legal interpretation. Accordingly, you should check with the Chief Legal Officer
prior to relying upon the listed exceptions. 
 Exceptions 

 

	(1)	the payment, gift, offer, or promise of anything of value that was made, is lawful under the written laws and regulations of the foreign official’s, political
party’s, party official’s, or candidate’s country; or 

  

	(2)	the payment, gift, offer, or promise of anything of value that was made, is a reasonable and bona fide expenditure, such as travel and lodging expenses, incurred by or
on behalf of a foreign official, party, party official, or candidate and was directly related to: 

  

	 	(A)	the promotion, demonstration, or explanation of products or services; or 

  

	 	(B)	the execution or performance of a contract with a foreign government or agency thereof. 

 Indirect Payments Prohibited 
 If a direct payment would be improper under any applicable
laws or the Company policy, then having a third party make or receive the payment on either the Company or government official’s behalf is also be prohibited. Indirect payments of the type described include any transfer of funds, property, or
services to another organization or individual in order to unlawfully benefit a government official for the purposes set forth above. Indirect violations also include any transfer of funds, property, or services to any person or organization if
there is reason to know that the recipient will use any portion to make unlawful payments on the Company’s behalf. 
 Written Contracts

 Any contract between the Company and a third-party that is retained to assist the Company in obtaining or retaining business must be in
writing (and as with all other written agreements must be reviewed by the Company’s Chief Legal Officer prior to its execution). The contract must also contain anti-bribery representations and warranties by the third-party. 

 Books and Records 
 The Company shall keep books and records that accurately and fairly reflect the transactions of the corporation and shall maintain an adequate system of internal accounting controls. 

Reporting Responsibility 
 If you are
aware of any conduct that you believe may violate this policy, you have a responsibility to report it to the Chief Legal Officer. Should you encounter a situation that raises a question in your mind regarding the propriety of the conduct involved,
you should immediately contact the Chief Legal Officer for guidance. 
 Violations of the Policy 

Any violation of this policy may result in disciplinary action up to and including termination. 
 Definitions 
 Employees: When used in this policy, “employees” refers to
directors, officers, managers, and employees of the Company. 
 Government Official: includes all employees of a government department or
agency, whether in the executive, legislative or judicial branches of government and whether at the national, state or local level (or their equivalents). The term covers part-time workers, unpaid workers, and any person “acting in an official
capacity.” Political parties, party officials, and candidates for political office are included. Foreign officials also include employees of public international organizations such as the World Bank, International Monetary Fund or the European
Union. The term covers officers and employees of companies under government ownership or control (even if the ownership is a minority interest). 
 Anything of value: Includes, but is not limited to, cash, gifts, entertainment, travel expenditures, excessive business promotional activities, and covering or reimbursing expenses of officials or
their friends or relatives.EX-10.1

 Exhibit 10.1 
 TRANSITION SERVICES AGREEMENT 
 BY AND BETWEEN 

COVIDIEN PLC 

AND 

MALLINCKRODT PLC 

DATED AS OF [—], 2013 

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I
 DEFINITIONS
	   

  

	
	 ARTICLE II
 SERVICES, DURATION AND SERVICES MANAGERS
	   

  

			
	 Section 2.01.
	  	Services	  	 	3	  
	 Section 2.02.
	  	Duration of Services	  	 	3	  
	 Section 2.03.
	  	Additional Unspecified Services	  	 	3	  
	 Section 2.04.
	  	New Services	  	 	5	  
	 Section 2.05.
	  	Services Not Included	  	 	5	  
	 Section 2.06.
	  	Transition Services Managers	  	 	5	  
	 Section 2.07.
	  	Personnel	  	 	6	  
	
	 ARTICLE III
 COVIDIEN MATERIALS
	   

  

			
	 Section 3.01.
	  	Corporate Policies	  	 	7	  
	 Section 3.02.
	  	Limitation on Rights and Obligations with Respect to the Covidien Materials	  	 	7	  
	
	 ARTICLE IV
 ADDITIONAL ARRANGEMENTS
	   

  

			
	 Section 4.01.
	  	Software and Software Licenses	  	 	8	  
	 Section 4.02.
	  	Covidien Computer-Based and Other Resources	  	 	9	  
	 Section 4.03.
	  	Access to Facilities	  	 	10	  
	 Section 4.04.
	  	Cooperation	  	 	10	  
	 Section 4.05.
	  	Data Protection	  	 	10	  
	
	 ARTICLE V
 COSTS AND DISBURSEMENTS
	   

  

			
	 Section 5.01.
	  	Costs and Disbursements	  	 	10	  
	 Section 5.02.
	  	Tax Matters	  	 	12	  
	 Section 5.03.
	  	No Right to Set-Off	  	 	13	  
	
	 ARTICLE VI
 STANDARD FOR SERVICE
	   

  

			
	 Section 6.01.
	  	Standard for Service	  	 	13	  
	 Section 6.02.
	  	Disclaimer of Warranties	  	 	13	  
	 Section 6.03.
	  	Compliance with Laws and Regulations	  	 	14	  

  
 i 

							
	 ARTICLE VII
 LIMITED LIABILITY AND INDEMNIFICATION
	   

  

			
	 Section 7.01.
	  	Consequential and Other Damages	  	 	14	  
	 Section 7.02.
	  	Limitation of Liability	  	 	14	  
	 Section 7.03.
	  	Obligation To Reperform; Liabilities	  	 	14	  
	 Section 7.04.
	  	Release and Recipient Indemnity	  	 	15	  
	 Section 7.05.
	  	Provider Indemnity	  	 	15	  
	 Section 7.06.
	  	Indemnification Procedures	  	 	15	  
	 Section 7.07.
	  	Liability for Payment Obligations	  	 	15	  
	 Section 7.08.
	  	Exclusion of Other Remedies	  	 	15	  
	 Section 7.09.
	  	Confirmation	  	 	15	  
	
	 ARTICLE VIII
 TERM AND TERMINATION
	   

  

			
	 Section 8.01.
	  	Term and Termination	  	 	16	  
	 Section 8.02.
	  	Effect of Termination	  	 	17	  
	 Section 8.03.
	  	Force Majeure	  	 	17	  
	
	 ARTICLE IX
 GENERAL PROVISIONS
	   

  

			
	 Section 9.01.
	  	No Agency	  	 	18	  
	 Section 9.02.
	  	Subcontractors	  	 	18	  
	 Section 9.03.
	  	Treatment of Confidential Information	  	 	18	  
	 Section 9.04.
	  	Further Assurances	  	 	19	  
	 Section 9.05.
	  	Dispute Resolution	  	 	19	  
	 Section 9.06.
	  	Notices	  	 	19	  
	 Section 9.07.
	  	Severability	  	 	20	  
	 Section 9.08.
	  	Entire Agreement	  	 	21	  
	 Section 9.09.
	  	No Third-Party Beneficiaries	  	 	21	  
	 Section 9.10.
	  	Governing Law	  	 	21	  
	 Section 9.11.
	  	Amendment	  	 	21	  
	 Section 9.12.
	  	Rules of Construction	  	 	21	  
	 Section 9.13.
	  	Counterparts	  	 	22	  
	 Section 9.14.
	  	Assignability	  	 	22	  
	 Section 9.15.
	  	Public Announcements	  	 	23	  
	 Section 9.16.
	  	Non-Recourse	  	 	23	  

  

					
	 SCHEDULE A Covidien Services
	  	 	A-1	  
	 SCHEDULE B Mallinckrodt Services
	  	 	B-1	  
	 EXHIBIT I Services Managers
	  	 	I-1	  

  
 ii 

 TRANSITION SERVICES AGREEMENT 

This TRANSITION SERVICES AGREEMENT, dated as of [—], 2013 (this
“Agreement”), is by and between Covidien plc, an Irish public limited company (“Covidien”), and Mallinckrodt plc, an Irish public limited company (“Mallinckrodt”). Unless otherwise defined in this
Agreement, all capitalized terms used in this Agreement shall have the meaning set forth in the Separation and Distribution Agreement, dated as of the date hereof, by and between Covidien and Mallinckrodt (as amended, modified or supplemented from
time to time in accordance with its terms, the “Separation Agreement”). 
 RECITALS 

WHEREAS, the board of directors of Covidien has determined that it is in the best interests of Covidien and its shareholders that the
Mallinckrodt Business be operated by a newly incorporated publicly traded company; 
 WHEREAS, Covidien and Mallinckrodt have
entered into the Separation Agreement; 
 WHEREAS, in order to facilitate and provide for an orderly transition under the
Separation Agreement, the Parties (as defined herein) desire to enter into this Agreement to set forth the terms and conditions pursuant to which each of the Parties shall provide to the other the Services (as defined herein) for a transitional
period; and 
 WHEREAS, the Separation Agreement requires execution and delivery of this Agreement by Covidien and Mallinckrodt
on or prior to the Distribution Date. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained
in this Agreement, the Parties, intending to be legally bound, hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 The following capitalized terms used in this Agreement shall have the meanings set forth below: 
 “Additional Services” shall have the meaning set forth in Section 2.03(a). 
 “Agreement” shall have the meaning set forth in the Preamble. 
 “Confidential Information” shall have the meaning set forth in Section 9.03(a). 
 “Covidien” shall have the meaning set forth in the Preamble. 
 “Covidien Business” shall mean the businesses and operations of the Covidien Group other than the Mallinckrodt Business. 

“Covidien Local Service Manager” shall have the meaning set forth in Section 2.06(a). 

“Covidien Materials” shall have the meaning set forth in Section 3.01(a). 

 “Covidien Services” shall have the meaning set forth in
Section 2.01. 
 “Covidien Services Manager” shall have the meaning set forth in
Section 2.06(a). 
 “Governmental Requirements” shall have the meaning set forth in the Tax Matters
Agreement. 
 “Interest Payment” shall have the meaning set forth in Section 5.01(d). 

“Mallinckrodt” shall have the meaning set forth in the Preamble. 

“Mallinckrodt Local Service Manager” shall have the meaning set forth in Section 2.06(b). 

“Mallinckrodt Services” shall have the meaning set forth in Section 2.01. 

“Mallinckrodt Services Manager” shall have the meaning set forth in Section 2.06(b) 

“New Services” shall have the meaning set forth in Section 2.04(a). 

“Party” shall mean Covidien and Mallinckrodt individually, and “Parties” means Covidien and
Mallinckrodt collectively, and, in each case, their permitted successors and assigns. 
 “Provider” shall mean
the Party or its Subsidiary or Affiliate providing a Service under this Agreement. 
 “Provider Indemnified
Party” shall have the meaning set forth in Section 7.04. 
 “Recipient” shall mean the
Party or its Subsidiary or Affiliate to whom a Service under this Agreement is being provided. 
 “Recipient Indemnified
Party” shall have the meaning set forth in Section 7.05. 
 “Reimbursement Charges” shall
have the meaning set forth in Section 5.01(c). 
 “Schedule(s)” shall have the meaning set forth in
Section 2.02. 
 “Separation Agreement” shall have the meaning set forth in the Preamble.

 “Service Baseline Period” shall have the meaning set forth in Section 2.03(c). 

“Service Charges” shall have the meaning set forth in Section 5.01(a). 

“Service Extension” shall have the meaning set forth in Section 8.01(c). 

“Service Increases” shall have the meaning set forth in Section 2.03(b). 

“Services” shall have the meaning set forth in Section 2.01. 

  
 2 

 “Taxes” shall have the meaning set forth in the Tax Matters Agreement.

 “Transfer Taxes” shall have the meaning set forth in Section 5.02(a). 

“VAT” shall have the meaning set forth in Section 5.02(a). 

ARTICLE II 

SERVICES, DURATION AND SERVICES MANAGERS 
 Section 2.01. Services. Subject to the terms and conditions of this Agreement, (a) Covidien shall provide or cause to be provided to the Mallinckrodt Group the services listed on
Schedule A to this Agreement (the “Covidien Services”) and (b) Mallinckrodt shall provide or cause to be provided to the Covidien Group the services listed on Schedule B to this Agreement (the
“Mallinckrodt Services,” and, collectively with the Covidien Services, any Additional Services, any Service Increases and any New Services, the “Services”). For the avoidance of doubt, Services provided in different
regions or countries (as indicated by such Services being listed on different subparts of the Schedules hereto) shall be considered separate Services hereunder, notwithstanding that such Services may be similar in nature. All of the Services shall
be for the sole use and benefit of the respective Recipient and its respective Party. 
 Section 2.02. Duration of Services. Subject
to the terms of this Agreement, each of Covidien and Mallinckrodt shall provide or cause to be provided to the respective Recipients each Service until the earlier to occur of, with respect to each such Service, (i) the expiration of the term
for such Service (or, subject to the terms of Section 8.01(c), the expiration of any Service Extension) as set forth on Schedule A or Schedule B (each a “Schedule”, and collectively, the
“Schedules”) or (ii) the date on which such Service is terminated under Section 8.01(b). 

Section 2.03. Additional Unspecified Services. (a) After the date of this Agreement, if Mallinckrodt or Covidien
(i) identifies a service that (x) the Covidien Group provided to the Mallinckrodt Group prior to the Distribution Date that Mallinckrodt reasonably needs in order for the Mallinckrodt Business to continue to operate in substantially the
same manner in which the Mallinckrodt Business operated prior to the Distribution Date, and such service was not included on Schedule A (other than because the Parties agreed such service shall not be provided), or (y) the Mallinckrodt
Group provided to the Covidien Group prior to the Distribution Date that Covidien reasonably needs in order for the Covidien Business to continue to operate in substantially the same manner in which the Covidien Business operated prior to the
Distribution Date, and such service was not included on Schedule B (other than because the Parties agreed such service shall not be provided), and (ii) provides written notice to the other Party within ten (10) days following the
date of the filing by Mallinckrodt of its first Annual Report on Form 10-K with the U.S. Securities and Exchange Commission requesting such additional services, then such other Party shall use its commercially reasonable efforts to provide such
requested additional services (such requested additional services, the “Additional Services”); provided, however, that no Party shall be obligated to provide any Additional Service if it does not, in its reasonable
judgment, have adequate resources to provide such Additional Service or if the provision of such Additional Service would significantly disrupt the operation of its businesses; and provided, further, that the Provider shall not be
required to provide any Additional Services if the Parties are unable to reach agreement on the terms thereof (including with respect to Service Charges 

  
 3 

 
therefor). In connection with any request for Additional Services in accordance with this Section 2.03(a), the Covidien Services Manager and the Mallinckrodt Services Manager shall in
good faith negotiate the terms of a supplement to the applicable Schedule, which terms shall be consistent with the terms of, and the pricing methodology used for, similar Services provided under this Agreement. Upon the mutual written agreement of
the Parties, the supplement to the applicable Schedule shall describe in reasonable detail the nature, scope, service period(s), termination provisions and other terms applicable to such Additional Services in a manner similar to that in which the
Services are described in the existing Schedules. Each supplement to the applicable Schedule, as agreed to in writing by the Parties, shall be deemed part of this Agreement as of the date of such agreement and the Additional Services set forth
therein shall be deemed “Services” provided under this Agreement, in each case subject to the terms and conditions of this Agreement. 
 (b) After the date of this Agreement, if (i) a Recipient requests to increase, relative to historical levels prior to the Distribution Date, the volume, amount, level or frequency, as applicable, of
any Service provided by such Provider and (ii) such increase is reasonably determined by the Recipient as necessary for the Recipient to operate its businesses (such increases, the “Service Increases”), then such Provider shall
consider such request in good faith; provided, however, that no Party shall be obligated to provide any Service Increase, including because, after good-faith negotiations between the Parties, the Parties fail to reach an agreement with
respect to the terms thereof (including with respect to Service Charges therefor). In connection with any request for Service Increases in accordance with this Section 2.03(b), the Covidien Services Manager and the Mallinckrodt Services
Manager shall in good faith negotiate the terms of an amendment to the applicable Schedule, which amendment shall be consistent with the terms of, and the pricing methodology used for, the applicable Service. Each amended Schedule, as agreed to in
writing by the Parties, shall be deemed part of this Agreement as of the date of such agreement and the Service Increases set forth therein shall be deemed a part of the “Services” provided under this Agreement, in each case subject to the
terms and conditions of this Agreement. 
 (c) Notwithstanding the foregoing clauses (a) and (b), and without limiting the
remainder of this clause (c), the Provider shall not be obligated to perform or to cause to be performed any Service in a volume or quantity in any fiscal year that exceeds the highest volumes or quantities of analogous services provided to
Covidien’s applicable functional group or Subsidiary during fiscal year 2012 (without reference to the transactions contemplated by the Separation Agreement) (the “Service Baseline Period”). If the Recipient requests that the
Provider perform or cause to be performed any Service in a volume or quantity that exceeds the highest volumes or quantities of analogous services that were provided to Covidien or its applicable functional group or Subsidiary during the Service
Baseline Period, then: (i) if such higher volume or quantity results from fluctuations occurring in the ordinary course of business of the Recipient, the Provider shall use commercially reasonable efforts to provide such requested higher volume
or quantity; and (ii) if such higher volume or quantity results from any other source, including an acquisition, merger, purchase or other business combination by the Recipient, the Parties shall cooperate and act in good faith to determine
whether the Provider shall provide such requested higher volume or quantity. If the Parties agree that the Provider shall provide the requested higher volume or quantity, then Covidien and Mallinckrodt shall document such terms in an amendment to
the applicable Schedule, which amendment shall be consistent with the terms of, 

  
 4 

 
and the pricing methodology used for, the applicable Service. Each amended subsection of Schedule A hereto, as agreed to in writing by the Parties, shall be deemed part of this Agreement as of
the date of such agreement and the volume or quantity increases set forth therein shall be deemed a part of the “Services” provided under this Agreement, in each case subject to the terms and conditions of this Agreement. 

Section 2.04. New Services. (a) From time to time during the term of this Agreement, either Party may request the other
Party to provide additional or different services which such other Party is not expressly obligated to provide under this Agreement (excluding, for the avoidance of doubt, any Additional Services or Service Increases, the “New
Services”). The Party receiving such request shall consider such request in good faith; provided, however, that no Party shall be obligated to provide any New Services, including because, after negotiations between the Parties
pursuant to Section 2.04(b), the Parties fail to reach an agreement with respect to the terms (including the Service Charges) applicable to the provision of such New Services. 

(b) In connection with any request for New Services in accordance with Section 2.04(a), the Covidien Services Manager and the
Mallinckrodt Services Manager shall in good faith (i) negotiate the applicable Service Charge and the terms of a supplement to the applicable Schedule, which supplement shall describe in reasonable detail the nature, scope, service period(s),
termination provisions and other terms applicable to such New Services, and (ii) determine any costs and expenses, including any start-up costs and expenses, that would be incurred by the Provider in connection with the provision of such New
Services, which costs and expenses shall be borne solely by the Recipient. Each supplement to the applicable Schedule, as agreed to in writing by the Parties, shall be deemed part of this Agreement as of the date of such agreement and the New
Services set forth therein shall be deemed “Services” provided under this Agreement, in each case subject to the terms and conditions of this Agreement. 
 Section 2.05. Services Not Included. It is not the intent of the Provider to render, nor of the Recipient to receive from the Provider, professional advice or opinions, whether with regard to
Tax, legal, treasury, finance, employment or other business and financial matters, technical advice, whether with regard to information technology or other matters, or the handling of or addressing environmental matters; the Recipient shall not rely
on, or construe, any Service rendered by or on behalf of the Provider as such professional advice or opinions or technical advice; and the Recipient shall seek all third-party professional advice and opinions or technical advice as it may desire or
need. 
 Section 2.06. Transition Services Managers. (a) Covidien hereby appoints and designates the individual
holding the Covidien position set forth on Exhibit I to act as its initial services manager (the “Covidien Services Manager”), who will be directly responsible for coordinating and managing the delivery of the Covidien
Services and have authority to act on Covidien’s behalf with respect to matters relating to the provision of Services under this Agreement. The Covidien Services Manager will work with the personnel of the Covidien Group to periodically address
issues and matters raised by Mallinckrodt relating to the provision of Services under this Agreement. Notwithstanding the requirements of Section 9.06, all communications from Mallinckrodt to Covidien pursuant to this Agreement regarding
routine matters involving a Service shall be made through the individual specified as the local service manager (the “Covidien Local Service Manager”) with respect to such Service on the applicable Schedule or such other individual

  
 5 

 
as may be specified by the Covidien Services Manager in writing and delivered to Mallinckrodt by email or facsimile transmission with receipt confirmed. Covidien shall notify Mallinckrodt of the
appointment of a different Covidien Services Manager or Covidien Local Service Manager(s), if necessary, in accordance with Section 9.06. 
 (b) Mallinckrodt hereby appoints and designates the individual holding the Mallinckrodt position set forth on Exhibit I to act as its initial services manager (the “Mallinckrodt Services
Manager”), who will be directly responsible for coordinating and managing the delivery of Mallinckrodt Services and have authority to act on Mallinckrodt’s behalf with respect to matters relating to this Agreement. The Mallinckrodt
Services Manager will work with the personnel of the Mallinckrodt Group to periodically address issues and matters raised by Covidien relating to this Agreement. Notwithstanding the requirements of Section 9.06, all communications from
Covidien to Mallinckrodt pursuant to this Agreement regarding routine matters involving a Service shall be made through the individual specified as the local service manager (the “Mallinckrodt Local Service Manager”) with respect to
such Service on the applicable Schedule or as specified by the Mallinckrodt Services Manager in writing and delivered to Covidien by email or facsimile transmission with receipt confirmed. Mallinckrodt shall notify Covidien of the appointment of a
different Mallinckrodt Services Manager or Mallinckrodt Local Service Manager(s), if necessary, in accordance with Section 9.06. 
 Section 2.07. Personnel. (a) The Provider of any Service will make available to the Recipient of such Service such personnel as may be necessary to provide such Service on the
understanding that such personnel shall remain employed and/or engaged by the Provider. The Provider will have the right, in its reasonable discretion, to (i) designate which personnel it will assign to perform such Service, and
(ii) remove and replace such personnel at any time; provided, however, that any such removal or replacement shall not be the basis for any increase in any Service Charge or Reimbursement Charge payable hereunder or relieve the
Provider of its obligation to provide any Service hereunder; and provided, further, that the Provider will use its commercially reasonable efforts to limit the disruption to the Recipient in the transition of the Services to different
personnel. 
 (b) In the event that the provision of any Service by the Provider requires the cooperation and services of the
personnel of the Recipient, the Recipient will make available to the Provider such personnel (who shall be appropriately qualified for purposes of so supporting the provision of such Service by the Provider) as may be necessary for the Provider to
provide such Service on the understanding that such personnel shall remain employed and/or engaged by the Recipient. The Recipient will have the right, in its reasonable discretion, to (i) designate which personnel it will make available to the
Provider in connection with the provision of such Service, and (ii) remove and replace such personnel at any time; provided, however, that any resulting increase in costs to the Provider shall be borne by the Recipient and any
adverse effect to the provision of such Service by the Provider shall not be deemed a breach of this Agreement; and provided, further, that the Recipient will use its commercially reasonable efforts to limit the disruption to the
Provider in the transition of such personnel. If the Provider, in its reasonable discretion and following discussions with the Recipient, requests the Recipient to remove and/or replace any such personnel from their roles in respect of the Services
being provided by the Provider, the Recipient shall comply with such request. 

  
 6 

 (c) No Provider shall be liable under this Agreement for any Liabilities incurred by the
Recipient Indemnified Parties that are primarily attributable to, or that are a consequence of, any actions or inactions of the personnel of the Recipient, except for any such actions or inactions undertaken pursuant to the direction of the
Provider. 
 (d) Nothing in this Agreement shall grant the Provider, or its employees, agents and third-party providers that are
performing the Services, the right directly or indirectly to control or direct the operations of the Recipient or any member of its Group. Such employees, agents and third-party providers shall not be required to report to the management of the
Recipient nor be deemed to be under the management or direction of the Recipient. The Recipient acknowledges and agrees that, except as may be expressly set forth herein as a Service (including any Additional Services, Service Increases or New
Services) or otherwise expressly set forth in the Separation Agreement, another Ancillary Agreement or any other applicable agreement, no Provider or any member of its Group shall be obligated to provide, or cause to be provided, any service or
goods to any Recipient or any member of its Group. 
 ARTICLE III 

COVIDIEN MATERIALS 
 Section 3.01. Corporate Policies. (a) Subject to the terms and conditions of this Agreement, Covidien grants to Mallinckrodt a non-exclusive, royalty-free, fully paid-up, worldwide
license to create or have created materials based on Covidien’s corporate policies and manuals (the “Covidien Materials”) for distribution to employees of Mallinckrodt and use such materials in the operation of the Mallinckrodt
Business in substantially the same manner as the Covidien Materials were used by Covidien prior to the Distribution. It is understood and agreed that, to the maximum extent permitted by applicable Law, Covidien makes no representation or warranty,
express or implied, as to the accuracy or completeness of any of the Covidien Materials, as to whether the Covidien Materials comply with Law, as to the non-infringement of any of the Covidien Materials or as to the suitability of any of the
Covidien Materials for use by Mallinckrodt in respect of its business, or otherwise. 
 (b) Notwithstanding the foregoing, the
text of any materials created by or for Mallinckrodt, and related to, or based upon, any of the Covidien Materials, may not contain any references to Covidien (or any of Covidien’s marks, names, trade dress, logos or other source or business
identifiers, including the Covidien Name and Covidien Marks), Covidien’s publications, Covidien’s personnel (including senior management), Covidien’s management structures or any other indication (other than the verbatim or
paraphrased reproduction of the content) that such materials are based upon any of the Covidien Materials. 
 Section 3.02.
Limitation on Rights and Obligations with Respect to the Covidien Materials. (a) Covidien shall have no obligation to (i) notify Mallinckrodt of any changes or proposed changes to any of the Covidien Materials, (ii) include
Mallinckrodt in any consideration of proposed changes to any of the Covidien Materials, (iii) provide draft changes of any of the Covidien Materials to Mallinckrodt for review and/or comment or (iv) provide Mallinckrodt with any updated
materials relating to any of the Covidien Materials. Mallinckrodt acknowledges and agrees that, except as expressly set forth above, Covidien reserves all rights (including all Intellectual Property rights) in, to and under the Covidien Materials
and no rights with respect to 

  
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ownership or use, except as otherwise expressly provided in this Agreement, shall vest in Mallinckrodt. The Parties acknowledge and agree that, subject to the exceptions specified in
Section 9.03, the Covidien Materials are the Confidential Information of Covidien. Mallinckrodt shall use at least the same degree of care to prevent and restrain the unauthorized use or disclosure of any confidential materials created
by or for Mallinckrodt that are based upon any of the Covidien Materials as it uses for its other confidential information of a like nature, but in no event less than a reasonable degree of care. Mallinckrodt will allow Covidien reasonable access to
personnel and information as reasonably necessary to determine Mallinckrodt’ s compliance with the provisions set forth above; provided, however, such access shall not unreasonably interfere with any of the business or operations
of Mallinckrodt. Subject to Section 9.05, in the event that Covidien determines that Mallinckrodt has not materially complied with some or all of its obligations with respect to any or all of the Covidien Materials, Covidien may
terminate Mallinckrodt’s rights with respect to such Covidien Materials upon written notice to Mallinckrodt and, in such case, Covidien shall be entitled to require such Covidien Materials to be returned to Covidien or destroyed and any
materials created by or for Mallinckrodt that are based upon such Covidien Materials to be destroyed (with such destruction certified by Mallinckrodt in writing to Covidien promptly after such termination). 

(b) If Mallinckrodt determines to cease to avail itself of any of the Covidien Materials, Covidien and Mallinckrodt shall cooperate in
good faith to take reasonable and appropriate actions to arrange for the return to Covidien or destruction of such Covidien Materials and to protect Covidien’s rights and interests in such Covidien Materials. 

ARTICLE IV 

ADDITIONAL ARRANGEMENTS 
 Section 4.01. Software and Software Licenses. (a) If and to the extent requested by Mallinckrodt, Covidien shall use commercially reasonable efforts to assist Mallinckrodt in its efforts
to obtain licenses (or other appropriate rights) to use, duplicate and distribute, as necessary and applicable, certain computer software necessary for Covidien to provide, and Mallinckrodt to receive, Covidien Services; provided,
however, that Covidien shall not be required to pay any fees or other payments or incur any obligations or liabilities to enable Mallinckrodt to obtain any such license or rights (except and to the extent that Mallinckrodt advances such fees
or payments to Covidien); provided, further, that Covidien shall not be required to seek broader rights or more favorable terms for Mallinckrodt than those applicable to Covidien or Mallinckrodt, as the case may be, prior to the date
of this Agreement or as may be applicable to Covidien from time to time hereafter; and, provided, further, that Mallinckrodt shall bear only those costs that relate solely and directly to obtaining such licenses (or other appropriate
rights) in the ordinary course. The Parties acknowledge and agree that there can be no assurance that Covidien’s efforts will be successful or that Mallinckrodt will be able to obtain such licenses or rights on acceptable terms or at all and,
where Covidien enjoys rights under any enterprise or site license or similar license, the Parties acknowledge that such license typically precludes partial transfers or assignments or operation of a service bureau on behalf of unaffiliated entities.
In the event that Mallinckrodt is unable to obtain such software licenses, the Parties shall work together using commercially reasonable efforts to obtain an alternative software license to allow Covidien to provide, and Mallinckrodt to receive,
such Covidien Services, and the Parties shall negotiate in good faith an amendment to the applicable Schedule to reflect any such new arrangement. 

  
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 (b) If and to the extent requested by Covidien, Mallinckrodt shall use commercially
reasonable efforts to assist Covidien in its efforts to obtain licenses (or other appropriate rights) to use, duplicate and distribute, as necessary and applicable, certain computer software necessary for Mallinckrodt to provide, and Covidien to
receive, Mallinckrodt Services; provided, however, that Mallinckrodt shall not be required to pay any fees or other payments or incur any obligations or liabilities to enable Covidien to obtain any such license or rights (except and to
the extent that Covidien advances such fees or payments to Mallinckrodt); provided, further, that Mallinckrodt shall not be required to seek broader rights or more favorable terms for Covidien than those applicable to Covidien or
Mallinckrodt, as the case may be, prior to the date of this Agreement or as may be applicable to Mallinckrodt from time to time hereafter; and, provided, further, that Covidien shall bear only those costs that relate solely and
directly to obtaining such licenses (or other appropriate rights) in the ordinary course. The Parties acknowledge and agree that there can be no assurance that Mallinckrodt’s efforts will be successful or that Covidien will be able to obtain
such licenses or rights on acceptable terms or at all and, where Mallinckrodt enjoys rights under any enterprise or site license or similar license, the Parties acknowledge that such license typically precludes partial transfers or assignments or
operation of a service bureau on behalf of unaffiliated entities. In the event that Covidien is unable to obtain such software licenses, the Parties shall work together using commercially reasonable efforts to obtain an alternative software license
to allow Mallinckrodt to provide, and Covidien to receive, such Mallinckrodt Services, and the Parties shall negotiate in good faith an amendment to the applicable Schedule to reflect any such new arrangement, which amended Schedule shall not
require Covidien to pay for any fees, expenses or costs relating to the software license that Covidien was unable to obtain pursuant to the provisions of this Section 4.01(b). 

(c) In the event that there are any costs associated with obtaining software licenses in accordance with Section 4.01 that
(i) would not be payable in the ordinary course, including in the form of a “transfer fee” or other similar fees or expenses payable by the Recipient or the Provider, and (ii) would not have been payable by the Recipient or the
Provider absent the need for a consent or waiver in connection with the license that the Recipient is seeking to obtain, such costs shall be borne by the Recipient. 
 Section 4.02. Covidien Computer-Based and Other Resources. (a) From and after the date of this Agreement, Mallinckrodt and its Affiliates shall cause all of their personnel having access
to the Covidien Intranet or such other computer software, networks, hardware, technology or computer based resources pursuant to the Separation Agreement, or any Ancillary Agreement, or in connection with performance, receipt or delivery of a
Service, to comply with all security guidelines (including physical security, network access, internet security, confidentiality and personal data security guidelines) of Covidien and its Affiliates (of which Covidien provides Mallinckrodt written
notice). Mallinckrodt shall ensure that the access contemplated by this Section 4.02 shall be used by such personnel only for the purposes contemplated by, and subject to the terms of, this Agreement. Except as expressly provided in the
Separation Agreement, any other Ancillary Agreement or any other applicable agreement or as required in connection with the performance or delivery of any Services, each of the Parties and its Affiliates shall cease using (and shall cause their
employees to cease using) the services made available by the other Party and its Affiliates prior to the date of this Agreement. 

  
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 Section 4.03. Access to Facilities. (a) Mallinckrodt shall, and shall cause
its Subsidiaries to, allow Covidien and its Representatives reasonable access to the facilities of Mallinckrodt necessary for Covidien to fulfill its obligations under this Agreement. 

(b) Covidien shall, and shall cause its Subsidiaries to, allow Mallinckrodt and its Representatives reasonable access to the facilities
of Covidien necessary for Mallinckrodt to fulfill its obligations under this Agreement. 
 (c) Notwithstanding the other rights
of access of the Parties under this Agreement, each Party shall, and shall cause its Subsidiaries to, afford the other Party, its Subsidiaries and Representatives, following not less than five (5) business days’ prior written notice from
the other Party, reasonable access during normal business hours to the facilities, information, systems, infrastructure, and personnel of the relevant Providers as reasonably necessary for the other Party to verify the adequacy of internal controls
over information technology, reporting of financial data and related processes employed in connection with the Services, including in connection with verifying compliance with Section 404 of the Sarbanes-Oxley Act of 2002; provided,
however, such access shall not unreasonably interfere with any of the business or operations of such Party or its Subsidiaries. 
 (d) Except as otherwise permitted by the other Party in writing, each Party shall permit only its authorized Representatives, contractors, invitees or licensees to access the other Party’s
facilities. 
 Section 4.04. Cooperation. It is understood that it will require the significant efforts of both
Parties to implement this Agreement and to ensure performance of this Agreement by the Parties at the agreed-upon levels in accordance with all of the terms and conditions of this Agreement. The Parties will cooperate, acting in good faith and using
commercially reasonable efforts, to effect a smooth and orderly transition of the Services provided under this Agreement from the Provider to the Recipient (including repairs and maintenance Services and the assignment or transfer of the rights and
obligations under any third-party contracts relating to the Services); provided, however, that this Section 4.04 shall not require either Party to incur any out-of-pocket costs or expenses. 

Section 4.05. Data Protection. The Provider shall only process personal data which it may receive from the Recipient, while
carrying out its duties under this Agreement: (a) in such a manner as is necessary to carry out those duties; (b) in accordance with the instructions of the Recipient; and (c) using appropriate technical and organizational measures to
prevent the unauthorised or unlawful processing of such personal data and/or the accidental loss or destruction of, or damage to, such personal data. 
 ARTICLE V 
 COSTS AND DISBURSEMENTS 

Section 5.01. Costs and Disbursements. (a) Except as otherwise provided in this Agreement, a Recipient of Services shall pay to the
Provider of such Services a monthly fee for the Services (or category of Services, as applicable) (each fee constituting a “Service Charge” and, collectively, “Service Charges”) as listed on the Schedules hereto.
With respect to each 

  
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Service or category of Services, the applicable Schedule shall set forth (i) the Recipient that will be invoiced the Service Charge for such Service or category of Services and (ii) the
Provider that will be paid such Service Charge. 
 (b) The amount of the Service Charge for each Service shall increase three
percent (3%) annually on each anniversary of this Agreement (including during the term of any Service Extension). In addition, during the term of this Agreement, the amount of a Service Charge for any Services (or category of Services, as
applicable) may increase to the extent of: (i) any increases mutually agreed to by the Parties, (ii) any Service Charges applicable to any Additional Services, Service Increases or New Services, and (iii) any increase in the rates or
charges imposed by any unaffiliated third-party provider that is providing Services. Together with any monthly invoice for Service Charges and Reimbursement Charges, the Provider shall provide the Recipient with documentation to support the
calculation of such Service Charges or any Reimbursement Charges. 
 (c) The Recipient shall reimburse the Provider for
reasonable out-of-pocket costs and expenses incurred by the Provider or its Affiliates in connection with providing the Services (including necessary travel-related expenses) (each such cost or expense, a “Reimbursement Charge” and,
collectively, “Reimbursement Charges”); provided, however, that any such cost or expense that is materially inconsistent with historical practice between the Parties for any Service (including business travel and
related expenses) shall require advance approval of the Recipient. Any authorized travel-related expenses incurred in performing the Services shall be incurred and charged to the Recipient in accordance with the Provider’s then-applicable
business travel policies made known to the Recipient. 
 (d) The Service Charges and Reimbursement Charges due and payable
hereunder shall be invoiced and paid in the currency expressly applicable to such Service in the relevant Schedule hereto. The Recipient shall pay the amount of each monthly invoice by wire transfer (or such other method of payment as may be agreed
between the Parties) to the Provider within sixty (60) days of the receipt of each such invoice, including appropriate documentation as described herein. In the absence of a timely notice of billing dispute in accordance with the provisions of
Article VIII of the Separation Agreement, if the Recipient fails to pay such amount by the due date, the Recipient shall be obligated to pay to the Provider, in addition to the amount due, interest at an annual default interest rate of three percent
(3%), or the maximum legal rate, whichever is lower (the “Interest Payment”), accruing from the date the payment was due through the date of actual payment. In the event of any billing dispute, the Recipient shall promptly pay any
undisputed amount. 
 (e) Subject to the confidentiality provisions set forth in Section 9.03, each Party shall, and
shall cause their respective Affiliates to, provide, upon ten (10) days’ prior written notice from the other Party, any information within such Party’s or its Affiliates’ possession that the requesting Party reasonably requests
in connection with any Services being provided to such requesting Party by an unaffiliated third-party provider, including any applicable invoices, agreements documenting the arrangements between such third-party provider and the Provider and other
supporting documentation; provided, however, that each Party shall make no more than one such request during any calendar month. 

  
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 Section 5.02. Tax Matters. (a) Without limiting any provisions of this
Agreement, the Recipient shall be responsible for (i) all excise, sales, use, transfer, stamp, documentary, filing, recordation and other similar Taxes, (ii) any value added, goods and services or similar recoverable indirect Taxes
(“VAT”) and (iii) any related interest and penalties (collectively, “Transfer Taxes”), in each case imposed or assessed as a result of the provision of Services by the Provider. In particular, but without
prejudice to the generality of the foregoing, all amounts payable pursuant to this Agreement are exclusive of amounts in respect of VAT. Where any taxable supply for VAT purposes is made pursuant to this Agreement by the Provider to the Recipient,
the Recipient shall either (i) on receipt of a valid VAT invoice from the Provider, pay to the Provider such additional amounts in respect of VAT as are chargeable on the supply of the services at the same time as payment is due for the supply
of the services; or (ii) where required by legislation to do so, account directly to the relevant Governmental Authority for any such VAT amounts. The Party required to account for Transfer Tax shall provide to the other Party evidence of the
remittance of the amount of such Transfer Tax to the relevant Governmental Authority, including, without limitation, copies of any Tax returns remitting such amount. The Provider agrees that it shall take commercially reasonable actions to cooperate
with the Recipient in obtaining any refund, return, rebate, or the like of any Transfer Tax, including by filing any necessary exemption or other similar forms, certificates, or other similar documents. The Recipient shall promptly reimburse the
Provider for any costs incurred by the Provider or its Affiliates in connection with the Recipient obtaining a refund or overpayment of refund, return, rebate, or the like of any Transfer Tax. For the avoidance of doubt, any applicable gross
receipts-based or net income-based Taxes shall be borne by the Provider unless the Provider is required by law to obtain, or allowed to separately invoice for and obtain, reimbursement of such Taxes from the Recipient. 

(b) The Recipient shall be entitled to deduct and withhold Taxes required by any Governmental Requirements to be withheld on payments
made pursuant to this Agreement. To the extent any amounts are so withheld, the Recipient shall (i) pay, in addition to the amount otherwise due to the Provider under this Agreement, such additional amount as is necessary to ensure that the net
amount actually received by the Provider will equal the full amount the Provider would have received had no such deduction or withholding been required, (ii) pay such deducted and withheld amount to the proper Governmental Authority, and
(iii) promptly provide to the Provider evidence of such payment to such Governmental Authority. The Provider shall, prior to the date of any payment to be made pursuant to this Agreement, at the request of the Recipient, make commercially
reasonable efforts to provide the Recipient any certificate or other documentary evidence (x) required by Governmental Requirements or (y) which the Provider is entitled by Governmental Requirements to provide in order to reduce the amount
of any Taxes that may be deducted or withheld from such payment and the Recipient agrees to accept and act in reliance on any such duly and properly executed certificate or other applicable documentary evidence. 

(c) If the Provider (i) receives any refund (whether by payment, offset, credit or otherwise) or (ii) utilizes any overpayment
of Taxes that are borne by Recipient pursuant to this Agreement, then the Provider shall promptly pay, or cause to be paid, to the Recipient an amount equal to the deficiency or excess, as the case may be, with respect to the amount that the
Recipient has borne if the amount of such refund or overpayment (including, for the avoidance of doubt, any interest or other amounts received with respect to such refund or overpayment) had been included originally in the determination of the
amounts to be borne by Recipient pursuant to this Agreement, net of any additional Taxes the Provider incurs or will incur as a result of the receipt of such refund or such overpayment. 

  
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 Section 5.03. No Right to Set-Off. The Recipient shall timely pay the full
amount of Service Charges and Reimbursement Charges and shall not set-off, counterclaim or otherwise withhold any amount owed to the Provider under this Agreement on account of any obligation owed by the Provider to the Recipient. 

ARTICLE VI 

STANDARD FOR SERVICE 
 Section 6.01. Standard for Service. 
 (a) The Provider agrees
(i) to perform the Services with substantially the same nature, quality, standard of care and service levels at which the same or similar services were performed by or on behalf of the Provider prior to the Distribution Date or, if not so
previously provided, then substantially similar to that which are applicable to similar services provided to the Provider’s Affiliates or other business components; and (ii) upon receipt of written notice from the Recipient identifying any
outage, interruption or other failure of any Service, to respond to such outage, interruption or other failure of such Service in a manner that is substantially similar to the manner in which such Provider or its Affiliates responded to any outage,
interruption or other failure of the same or similar services prior to the Distribution Date. The Parties acknowledge that an outage, interruption or other failure of any Service shall not be deemed to be a breach of the provisions of this
Section 6.01 so long as the applicable Provider complies with the foregoing clause (ii). 
 (b) Nothing in this
Agreement shall require the Provider to perform or cause to be performed any Service to the extent the manner of such performance would constitute a violation of applicable Law or any existing contract or agreement with a third party. If the
Provider is or becomes aware of any potential violation on the part of the Provider, the Provider shall promptly send a written notice to the Recipient of any such potential violation. The Parties each agree to cooperate and use commercially
reasonable efforts to obtain any necessary third-party consents required under any existing contract or agreement with a third party to allow the Provider to perform or cause to be performed any Service in accordance with the standards set forth in
this Section 6.01. Any costs and expenses incurred by either Party in connection with obtaining any such third-party consent that is required to allow the Provider to perform or cause to be performed any Service shall be solely the
responsibility of the Recipient. If, with respect to a Service, the Parties, despite the use of such commercially reasonable efforts, are unable to obtain a required third-party consent or the performance of such Service by the Provider would
continue to constitute a violation of applicable Laws, the Provider shall use commercially reasonable efforts in good faith to provide such Services in a manner as closely as possible to the standards described in this Section 6.01 that
would apply absent the exception provided for in the first sentence of this Section 6.01(b). 
 Section 6.02. Disclaimer of
Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, THE PARTIES ACKNOWLEDGE AND AGREE THAT THE SERVICES ARE PROVIDED AS-IS, THAT EACH RECIPIENT ASSUMES ALL RISKS 

  
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AND LIABILITY ARISING FROM OR RELATING TO ITS USE OF AND RELIANCE UPON THE SERVICES AND EACH PROVIDER, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, MAKES NO REPRESENTATION OR WARRANTY WITH
RESPECT THERETO. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH PROVIDER HEREBY EXPRESSLY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES REGARDING THE SERVICES, WHETHER EXPRESS OR IMPLIED,
EITHER IN FACT OR BY OPERATION OF LAW, BY STATUTE OR OTHERWISE, INCLUDING ANY REPRESENTATION OR WARRANTY IN REGARD TO QUALITY, PERFORMANCE, NONINFRINGEMENT, COMMERCIAL UTILITY, MERCHANTABILITY OR FITNESS OF ANY SERVICE FOR A PARTICULAR PURPOSE.

 Section 6.03. Compliance with Laws and Regulations. Each Party shall be responsible for its own compliance and
its subcontractors’ compliance with any and all Laws applicable to its performance under this Agreement. No Party will knowingly take any action in violation of any such applicable Law that results in liability being imposed on the other Party.

 ARTICLE VII 
 LIMITED LIABILITY AND INDEMNIFICATION 
 Section 7.01. Consequential
and Other Damages. Notwithstanding anything to the contrary contained in the Separation Agreement or this Agreement, the Provider shall not be liable to the Recipient or any of its Affiliates or Representatives, whether in contract, tort
(including negligence and strict liability) or otherwise, at law or equity, for any special, indirect, incidental, punitive or consequential damages whatsoever (including lost profits or damages calculated on multiples of earnings approaches), which
in any way arise out of, relate to or are a consequence of, the performance or nonperformance by the Provider (including any Affiliates and Representatives of the Provider and any unaffiliated third-party providers, in each case, providing the
applicable Services) under this Agreement or the provision of, or failure to provide, any Services under this Agreement, including with respect to loss of profits, business interruptions or claims of customers. 

Section 7.02. Limitation of Liability. The Liabilities of each Provider and its Affiliates and Representatives, collectively,
under this Agreement for any act or failure to act in connection herewith (including the performance or breach of this Agreement), or from the sale, delivery, provision or use of any Services provided under or contemplated by this Agreement, whether
in contract, tort (including negligence and strict liability) or otherwise, at law or equity, shall not exceed the total aggregate Service Charges (excluding any Reimbursement Charges) actually paid to such Provider by the Recipient pursuant to this
Agreement. The foregoing limitations on Liability in this Section 7.02 shall not apply to any breach of Section 9.03. 
 Section 7.03. Obligation To Reperform; Liabilities. In the event of any breach of this Agreement by any Provider with respect to the provision of any Services (with respect to which the
Provider can reasonably be expected to re-perform in a commercially reasonable manner), the Provider shall (a) promptly correct in all material respects such error, defect or breach or re-perform in all material respects such Services at the
request of the Recipient and at the sole cost and expense of the Provider and (b) subject to the limitations set forth in Sections 7.01 and 7.02, 

  
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reimburse the Recipient and its Affiliates and Representatives for Liabilities attributable to such breach by the Provider. The remedy set forth in this Section 7.03 shall be the sole
and exclusive remedy of the Recipient for any such breach of this Agreement. Any request for re-performance in accordance with this Section 7.03 by the Recipient must be in writing and specify in reasonable detail the particular error,
defect or breach, and such request must be made no more than one (1) month from the date such error, defect or breach becomes apparent or should have reasonably become apparent to the Recipient. 

Section 7.04. Release and Recipient Indemnity. Subject to Section 7.01, each Recipient hereby releases the
applicable Provider and its Affiliates and Representatives (each, a “Provider Indemnified Party”), and each Recipient hereby agrees to indemnify, defend and hold harmless each such Provider Indemnified Party from and against any and
all Liabilities arising from, relating to or in connection with: (a) the use of any Services by such Recipient or any of its Affiliates, Representatives or other Persons using such Services; or (b) the sale, delivery, provision or use of
any Services provided under or contemplated by this Agreement, in the case of each of clause (a) and (b), except to the extent that such Liabilities arise out of, relate to or are a consequence of the applicable Provider Indemnified
Party’s bad faith, gross negligence or willful misconduct. 
 Section 7.05. Provider Indemnity. Subject to
Section 7.01, each Provider hereby agrees to indemnify, defend and hold harmless the applicable Recipient and its Affiliates and Representatives (each a “Recipient Indemnified Party”), from and against any and all
Liabilities arising from, relating to or in connection with: (a) the use of any Services by such Recipient or any of its Affiliates, Representatives or other Persons using such Services; or (b) the sale, delivery, provision or use of any
Services provided under or contemplated by this Agreement, in the case of each of clause (a) and (b), to the extent that such Liabilities arise out of, relate to or are a consequence of the applicable Provider’s bad faith, gross negligence
or willful misconduct. 
 Section 7.06. Indemnification Procedures. The provisions of Sections 4.5 and 4.6 of the
Separation Agreement shall govern claims for indemnification under this Agreement. 
 Section 7.07. Liability for
Payment Obligations. Nothing in this Article VII shall be deemed to eliminate or limit, in any respect, Covidien’s or Mallinckrodt’s express obligation in this Agreement to pay Service Charges and Reimbursement Charges for
Services rendered in accordance with this Agreement. 
 Section 7.08. Exclusion of Other Remedies. The provisions of
Sections 7.03, 7.04 and 7.05 of this Agreement shall, to the maximum extent permitted by applicable Law, be the sole and exclusive remedies of the Provider Indemnified Parties and the Recipient Indemnified Parties, as
applicable, for any claim, loss, damage, expense or liability, whether arising from statute, principle of common or civil law, principles of strict liability, tort, contract or otherwise under this Agreement. 

Section 7.09. Confirmation. Neither Party excludes responsibility for any liability which cannot be excluded pursuant to
applicable Law. 

  
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 ARTICLE VIII 
 TERM AND TERMINATION 
 Section 8.01. Term and Termination.
(a) This Agreement shall commence immediately upon the Distribution Date and shall terminate upon the earlier to occur of: (i) the last date on which either Party is obligated to provide any Service to the other Party in accordance with
the terms of this Agreement or (ii) the mutual written agreement of the Parties to terminate this Agreement in its entirety. 
 (b) Without prejudice to a Recipient’s rights with respect to a Force Majeure, a Recipient may from time to time terminate this Agreement with respect to the entirety of any individual Service but
not a portion thereof: 
 (i) for any reason or no reason, upon providing at least sixty (60) days’
prior written notice to the Provider; provided, however, that the Recipient shall pay to the Provider the necessary and reasonable documented out-of-pocket costs incurred in connection with the wind down of such Service other than any
employee severance and relocation expenses, but including unamortized license fees and costs for equipment used to provide such Service, contractual obligations under agreements used to provide such Service, any breakage or termination fees and any
other termination costs payable by the Provider with respect to any resources or pursuant to any other third-party agreements that were used by the Provider to provide such Service (or an equitably allocated portion thereof, in the case of any such
equipment, resources or agreements that also were used for purposes other than providing Services); or 
 (ii) if
the Provider of such Service has failed to perform any of its material obligations under this Agreement with respect to such Service, and such failure shall continue to exist thirty (30) days after receipt by the Provider of written notice of
such failure from the Recipient. 
 In the event that any Service is terminated other than at the end of a month, the Service Charge associated
with such Service shall be pro-rated appropriately. The Parties acknowledge that there may be interdependencies among the Services being provided under this Agreement that may not be identified on the applicable Schedules and agree that, if the
Provider’s ability to provide a particular Service in accordance with this Agreement is materially and adversely affected by the termination of another Service in accordance with Section 8.01(b)(i), then the Parties shall negotiate
in good faith to amend the Schedule relating to such affected continuing Service, which amendment shall be consistent with the terms of, and the pricing methodology used for, comparable Services. 

(c) In connection with the termination of any Service, if the Recipient reasonably determines that it will require such Service to
continue beyond the date on which such Service is scheduled to terminate, the Recipient may request that the Provider extend such Service (any such extension, a “Service Extension”) for a specified period beyond the scheduled
termination of such Service (which period shall in no event be longer than one hundred and eighty (180) days) by written notice to the Provider no less than sixty (60) days prior to the date of such scheduled termination, and Provider shall
consider any such request in good faith; provided, however, that no Party shall be obligated to agree to any Service Extension, including because, after good-faith negotiations between the Parties, the Parties fail to reach an
agreement with respect to the terms thereof; provided, further, 

  
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however, that (i) there shall be no more than one (1) Service Extension with respect to each Service and (ii) the Provider shall not be obligated to provide such Service
Extension if a third-party consent is required and cannot be obtained by the Provider. Unless otherwise agreed by Provider and Recipient, the Service Charge applicable to any such Service Extension shall be one hundred and twenty percent
(120%) of the Service Charge applicable to such Service immediately prior to the Service Extension. In connection with any request for Service Extensions in accordance with this Section 8.01(c), the Covidien Services Manager and the
Mallinckrodt Services Manager shall in good faith (x) negotiate the terms of an amendment to the applicable Schedule, which amendment shall be consistent with the terms of the applicable Service, and (y) determine the costs and expenses
(other than Service Charges), if any, that would be incurred by the Provider or the Recipient, as the case may be, in connection with the provision of such Service Extension, which costs and expenses shall be borne solely by the Party requesting the
Service Extension. Each amended Schedule to implement a Service Extension, as agreed to in writing by the Parties, shall be deemed part of this Agreement as of the date of such agreement and any Services provided pursuant to such Service Extensions
shall be deemed “Services” provided under this Agreement, in each case subject to the terms and conditions of this Agreement. 
 Section 8.02. Effect of Termination. Upon termination of any Service pursuant to this Agreement, the Provider of the terminated Service will have no further obligation to provide the
terminated Service, and the relevant Recipient will have no obligation to pay any future Service Charges relating to any such Service; provided, however, that the Recipient shall remain obligated to the relevant Provider for the
(i) Service Charges and Reimbursement Charges owed and payable in respect of Services provided prior to the effective date of termination and (ii) any applicable charges described in Section 8.01(b)(i), which charges shall be
payable only in the event that the Recipient terminates any Service pursuant to Section 8.01(b)(i). In connection with the termination of any Service, the provisions of this Agreement not relating solely to such terminated Service shall
survive any such termination, and in connection with a termination of this Agreement, Article I, Article VII (including liability in respect of any indemnifiable Liabilities under this Agreement arising or occurring on or prior to the
date of termination), Article VIII, Article IX, all confidentiality obligations under this Agreement and liability for all due and unpaid Service Charges and Reimbursement Charges and any applicable charges payable pursuant to
Section 8.01(b)(i), shall continue to survive indefinitely. 
 Section 8.03. Force Majeure.
(a) Neither Party (nor any Person acting on its behalf) shall have any liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the
fulfillment of such obligation is prevented, frustrated, hindered or delayed as a consequence of a Force Majeure; provided, however, that (i) such Party (or such Person) shall have exercised commercially reasonable efforts to
minimize the effect of such Force Majeure on its obligations; and (ii) the nature, quality and standard of care that the Provider shall provide in delivering a Service after a Force Majeure shall be substantially the same as the nature, quality
and standard of care that the Provider provides to its Affiliates with respect to such Service. In the event of an occurrence of a Force Majeure, the Party whose performance is affected thereby shall give notice of suspension as soon as reasonably
practicable to the other stating the date and extent of such suspension and the cause thereof, and such Party shall resume the performance of such obligations as soon as reasonably practicable after the removal of such cause. 

(b) During the period of a Force Majeure, the Recipient shall be entitled to permanently terminate such Service(s) (and shall be relieved
of the obligation to pay Service Charges for such Services(s) throughout the duration of such Force Majeure) if a Force Majeure shall continue to exist for more than fifteen (15) consecutive days, it being understood that Recipient shall not be
required to provide any advance notice of such termination to Provider or pay any charges in connection therewith. 

  
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 ARTICLE IX 
 GENERAL PROVISIONS 
 Section 9.01. No Agency. Nothing in this
Agreement shall be deemed in any way or for any purpose to constitute any Party an agent of an unaffiliated party in the conduct of such other party’s business. A Provider of any Service under this Agreement shall act as an independent
contractor and not as the agent of the Recipient in performing such Service, maintaining control over its employees, its subcontractors and their employees and complying with all withholding of income at source requirements, whether federal,
national, state, local or foreign. 
 Section 9.02. Subcontractors. A Provider may hire or engage one or more
subcontractors to perform any or all of its obligations under this Agreement; provided, however, that (i) such Provider shall use the same degree of care in selecting any such subcontractor as it would if such contractor was being
retained to provide similar services to the Provider and (ii) such Provider shall in all cases remain primarily responsible for all of its obligations under this Agreement with respect to the scope of the Services, the standard for services as
set forth in Article VI and the content of the Services provided to the Recipient. 
 Section 9.03. Treatment of
Confidential Information. 
 (a) The Parties shall not, and shall cause all other persons providing Services or having
access to information of the other Party that is confidential or proprietary (“Confidential Information”) not to, disclose to any other person or use, except for purposes of this Agreement, any Confidential Information of the other
Party; provided, however, that the Confidential Information may be used by such Party to the extent that such Confidential Information has been (i) in the public domain through no fault of such Party or any member of such Group or
any of their respective Representatives, (ii) later lawfully acquired from other sources by such Party (or any member of such Party’s Group) which sources are not themselves bound by a confidentiality obligation, or
(iii) independently generated without reference to any Confidential Information of the other Party; provided, further, that each Party may disclose Confidential Information of the other Party, to the extent not prohibited by
applicable Law: (i) to its Representatives on a need-to-know basis in connection with the performance of such Party’s obligations under this Agreement; (ii) in any report, statement, testimony or other submission required to be made
to any Governmental Authority having jurisdiction over the disclosing Party; or (iii) in order to comply with applicable Law, or in response to any summons, subpoena or other legal process or formal or informal investigative demand issued to
the disclosing Party in the course of any litigation, investigation or administrative proceeding. In the event that a Party becomes legally compelled (based on advice of counsel) by deposition, interrogatory, request for documents subpoena, civil
investigative demand or similar judicial or administrative process to disclose any Confidential Information of the other Party, such disclosing Party shall provide the other Party with prompt prior written notice of such requirement, and, to the
extent reasonably practicable, cooperate with the other Party (at such other Party’s expense) to obtain a protective order or similar remedy to cause such Confidential Information not to be disclosed, including interposing all available
objections thereto, such as objections based on settlement privilege. In the event that such protective order or other similar remedy is not obtained, the disclosing Party shall furnish only that portion of the Confidential Information that has been
legally compelled, and shall exercise its commercially 
 reasonable efforts (at such other Party’s expense) to obtain assurance that
confidential treatment will be accorded such Confidential Information. 

  
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 (b) Each Party shall, and shall cause its Representatives to, protect the Confidential
Information of the other Party by using the same degree of care to prevent the unauthorized disclosure of such as the Party uses to protect its own confidential information of a like nature, but in any event no less than a reasonable degree of care.

 (c) Each Party shall be liable for any failure by its respective Representatives to comply with the restrictions on use and
disclosure of Confidential Information contained in this Agreement. 
 (d) Each Party shall comply with all applicable local,
state, national, federal and foreign privacy and data protection Laws that are or that may in the future be applicable to the provision of Services under this Agreement. 
 Section 9.04. Further Assurances. Each Party covenants and agrees that, without any additional consideration, it shall execute and deliver any further legal instruments and perform any acts
that are or may become necessary to effectuate this Agreement. 
 Section 9.05. Dispute Resolution. Any Dispute
shall be resolved in accordance with the procedures set forth in Article VIII of the Separation Agreement, which shall be the sole and exclusive procedures for the resolution of any such Dispute unless otherwise specified herein or in Article VIII
of the Separation Agreement. 
 Section 9.06. Notices. Except with respect to routine communications by the Covidien
Services Manager, Mallinckrodt Services Manager, Covidien Local Services Manager and Mallinckrodt Local Services Manager under Section 2.06, all notices, requests, claims, demands and other communications under this Agreement shall be in
writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by overnight courier service, by facsimile or electronic transmission with receipt confirmed (followed by delivery of an
original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties at the following addresses (or at such other address for a Party as shall be specified in a notice given
in accordance with this Section 9.06): 
  

	 	(i)	if to Covidien: 

 Covidien plc

 1st Floor, 20 on Hatch 
 Lower Hatch Street 
 Dublin 2 

Ireland 
 Attn:
Chief Financial Officer 
 Facsimile: +352-266-379-92 

  
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 with copies to: 
 Covidien plc 
 15 Hampshire Street 

Mansfield, MA 02048 
 Attn: General Counsel 
 Facsimile: (508) 261-8544 

Wachtell, Lipton, Rosen & Katz 
 51 West 52nd Street 
 New York, New York 10019 

Attention: Adam O. Emmerich 
                  Benjamin M. Roth 
 Facsimile: (212) 403-2000 
  

	 	(ii)	if to Mallinckrodt: 

Mallinckrodt plc 
 Damastown, Mulhuddart 
 Dublin 15 

Ireland 
 Attn:
Chief Financial Officer 
 Facsimile: +352-266-379-92 
 with copies to: 
 Mallinckrodt plc 

675 James S. McDonnell Blvd. 
 Hazelwood, MO 63042 
 Attn: General Counsel 

Facsimile: (314) 654-5366 
 Wachtell, Lipton, Rosen & Katz 
 51 West 52nd Street 

New York, New York 10019 
 Attention: Adam O. Emmerich 

                 Benjamin M. Roth 

Facsimile: (212) 403-2000 
 Section 9.07. Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced under any Law or as a matter of 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 by this Agreement 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 shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as 

closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement be consummated as originally
contemplated to the greatest extent possible. 

  
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 Section 9.08. Entire Agreement. This Agreement, together with the documents
referenced herein (including the Separation Agreement and any other Ancillary Agreements) constitutes the entire agreement between the parties with respect to the subject matter hereof, supersede all prior written and oral and all contemporaneous
oral agreements, negotiations, discussions, writings, understandings, commitments and conversations with respect to such subject matter and there are no agreements or understandings between the parties other than those set forth or referred to
herein or therein. 
 Section 9.09. No Third-Party Beneficiaries. Except as provided in Article VII with
respect to Provider Indemnified Parties and Recipient Indemnified Parties, this Agreement is for the sole benefit of the Parties and their permitted successors and assigns and nothing in this Agreement, express or implied, is intended to or shall
confer upon any other Person, including any union or any employee or former employee of Covidien or Mallinckrodt, any legal or equitable right, benefit or remedy of any nature whatsoever, including any rights of employment for any specified period,
under or by reason of this Agreement. 
 Section 9.10. Governing Law. This Agreement (and any claims or disputes
arising out of or related to this Agreement or to the transactions contemplated by this Agreement or to the inducement of any Party to enter into this Agreement or the transactions contemplated by this Agreement, whether for breach of contract,
tortious conduct or otherwise and whether predicated on common law, statute or otherwise) shall in all respects be governed by, and construed in accordance with, the Laws of the State of New York, including all matters of construction, validity and
performance, in each case without reference to any conflict of Law rules that might lead to the application of the Laws of any other jurisdiction (other than Section 5-1401 and Section 5-1402 of the General Obligations Law of the State of
New York). 
 Section 9.11. Amendment. No provision of this Agreement, including any Schedules to this Agreement,
may be amended, supplemented or modified except by a written instrument making specific reference to this Agreement or any such Schedules to this Agreement, as applicable, signed by all the Parties. 

Section 9.12. Rules of Construction. Interpretation of this Agreement shall be governed by the following rules of
construction: (a) words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires; (b) references to the terms Article, Section, paragraph
and Schedule are references to the Articles, Sections, paragraphs and Schedules of this Agreement unless otherwise specified; (c) references to “$” shall mean U.S. dollars; (d) the word “including” and words of similar
import when used in this Agreement shall mean “including without limitation,” unless otherwise specified; (e) the word “or” shall not be exclusive; (f) references to “written” or “in writing” include
in electronic form; (g) provisions shall apply, when appropriate, to successive events and transactions; (h) the headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement; (i) Covidien and Mallinckrodt have each participated in the negotiation and drafting of this Agreement and if an ambiguity or question of interpretation should arise, this Agreement shall be construed as if

  
 21 

 
drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or burdening either Party by virtue of the authorship of any of the provisions in this Agreement or any
interim drafts of this Agreement; (j) a reference to any Person includes such Person’s successors and permitted assigns; (k) any reference to “days” means calendar days unless business days are expressly specified; and
(l) when calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such period shall be excluded, and if the
last day of such period is not a business day, the period shall end on the next succeeding business day. 
 Section 9.13.
Counterparts. This Agreement may be executed in one or more counterparts, and by each Party 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. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or portable document format (PDF) shall be as effective as delivery of a manually executed counterpart of this Agreement. 

Section 9.14. Assignability. This Agreement shall not be assigned by operation of Law or otherwise without the prior written
consent of Covidien and Mallinckrodt, except that each Party may: 
 (a) assign all of its rights and obligations under this
Agreement to any of its Subsidiaries; provided, that in connection with any such assignment, the assigning Party provides a guarantee to the non-assigning Party (in a form reasonably agreed upon) for any liability or obligation of the
assignee under this Agreement; 
 (b) in connection with the divestiture of any Subsidiary or business of such Party that is a
Recipient to an acquiror that is not a competitor of the Provider, assign to the acquiror of such Subsidiary or business its rights and obligations as a Recipient with respect to the Services provided to such divested Subsidiary or business under
this Agreement; provided, that (i) in connection with any such assignment, the assigning Party provides a guarantee to the non-assigning Party (in a form reasonably agreed upon) for any liability or obligation of the assignee under this
Agreement, (ii) any and all costs and expenses incurred by either Party in connection with such assignment (including in connection with clause (iii) of this proviso) shall be borne solely by the assigning Party, and (iii) the Parties
shall in good faith negotiate any amendments to this Agreement, including the Schedules hereto, that may be necessary or appropriate in order to assign such Services; and 
 (c) in connection with the divestiture of any Subsidiary or business of such Party that is a Recipient to an acquiror that is a competitor of the Provider, assign to the acquiror of such Subsidiary or
business its rights and obligations as a Recipient with respect to the Services provided to such divested Subsidiary or business under this Agreement; provided, that (i) in connection with any such assignment, the assigning Party
provides a guarantee to the non-assigning Party (in a form reasonably agreed upon) for any liability or obligation of the assignee under this Agreement, (ii) any and all costs and expenses incurred by either Party in connection with such
assignment (including in connection with clause (iii) of this proviso) shall be borne solely by the assigning Party, (iii) the Parties shall in good faith negotiate any amendments to this Agreement, including the Schedules hereto, that may
be necessary or appropriate in order to ensure that such 

  
 22 

 
assignment will not (x) materially and adversely affect the businesses and operations of each of the Parties and their respective Affiliates or (y) create a competitive disadvantage for
the Provider with respect to an acquiror that is a competitor, and (iv) no Party shall be obligated to provide any such assigned Services to an acquiror that is a competitor if the provision of such assigned Services to such acquiror would
disrupt the operation of such Party’s businesses or create a competitive disadvantage for such Party with respect to such acquirer. 
 Section 9.15. Public Announcements. From and after the Distribution Date, the Parties shall consult with each other before issuing, and give each other the opportunity to review and comment
upon, that portion of any press release or other public statements that relates to the transactions contemplated by this Agreement, and shall not issue any such press release or make any such public statement prior to such consultation, except
(a) as may be required by applicable Law, court process or by obligations pursuant to any listing agreement with any national securities exchange or national securities quotation system; or (b) as otherwise set forth in the Separation
Agreement. 
 Section 9.16. Non-Recourse. No past, present or future director, officer, employee, incorporator,
member, partner, shareholder, Affiliate, agent, attorney or representative of either Covidien or Mallinckrodt or their Affiliates shall have any liability for any obligations or liabilities of Covidien or Mallinckrodt, respectively, under this
Agreement or for any claims based on, in respect of, or by reason of, the transactions contemplated by this Agreement. 
 [The
remainder of this page is intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed on the date first written above by
their respective duly authorized officers. 
  

			
	COVIDIEN PLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	MALLINCKRODT PLC
		
	By:	 	  

		 	Name:
		 	Title:

  
 24

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