Document:

Exclusivity Agreement, dated January 21, 2004

 Exhibit 10.43 
  
 EXCLUSIVITY AGREEMENT 
  

This EXCLUSIVITY AGREEMENT (this “Agreement”), is entered into, as of January 21, 2004, between Trump Hotels & Casino Resorts, Inc., a
Delaware corporation (the “Company”), and DLJ Merchant Banking Partners III, L.P., a Delaware limited partnership (“DLJMB”). 
  
 The parties have engaged in preliminary, non-binding discussions regarding the terms of a possible transaction between the Company and DLJMB pursuant to
which DLJMB would make a substantial equity investment in the Company in connection with a restructuring of the debt securities of the Company’s subsidiaries (the “Transaction”). 
  
 As a condition to pursuing the Transaction, DLJMB has requested that the
Company enter into this Agreement and the Company is willing to do so. 
  
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, and intending to be legally bound, the parties hereto agree as follows: 
  
 1. Exclusivity. DLJMB is aware that, prior to the date of this Agreement, the Company has had several discussions
with one or more third parties concerning a possible transaction or transactions which may or may not be similar to the Transaction proposed by DLJMB. Notwithstanding the foregoing, the Company agrees that it shall not, and shall not permit any of
its respective subsidiaries or affiliates, and will cause its respective officers, directors, employees, agents and representatives (including Donald J. Trump) not to, at any time during the sixty (60) day period commencing on the date hereof (the
“Exclusivity Period”), directly or indirectly, (a) solicit, initiate or encourage submission of further proposals or offers from any person, other than DLJMB, relating to any acquisition or purchase of all or a significant portion of the
assets of, including any river boat or other gaming facility or any contract to manage any gaming facility, or any equity interest in, the Company, any of its subsidiaries or affiliates controlled by the Company or any business combination involving
the Company or any of its subsidiaries or affiliates controlled by the Company, or the declaration or payment of any dividend or any change in the public debt or capital structure of the Company or any of its subsidiaries or affiliates controlled by
the Company, (b) further participate in any negotiations regarding, or furnish to any other person any additional non-public information with respect to, or otherwise further cooperate in any way with, or assist or participate in, facilitate or
encourage, any effort or attempt by any other person other than DLJMB to do or seek any of the foregoing. During the Exclusivity Period, (x) the Company shall promptly advise DLJMB if any such proposal or offer, or any inquiry or contact with any
person with respect thereto, is made, shall promptly inform DLJMB of all the terms and conditions thereof, and shall furnish to DLJMB copies of any such written proposal or offer and the contents of any communications in response thereto (it being
understood that the Company shall not be required to take any action pursuant to 

 
this clause (x) that would violate any pre-existing confidentiality obligation enforceable against the Company), and (y) the Company shall not waive any
provisions of any “standstill” agreements between the Company and any party. During the Exclusivity Period, the Company shall not, without the consent of DLJMB, enter into, or commit to enter into, any material transaction outside the
ordinary course of business or any transactions of the type described in Paragraph 1(a). In addition, the Company agrees that it will immediately cease, from the date hereof through the end of the Exclusivity Period, any existing discussions or
negotiations with any party other than DLJMB or its affiliates that relate to, or may reasonably be expected to lead to, any transaction outside of the ordinary course of business, consistent with its past practices, or any transaction of the type
described in Paragraph 1(a). The Company shall have the right to terminate the Exclusivity Period upon five (5) days prior written notice to DLJMB if DLJMB terminates discussions regarding the potential Transaction or otherwise abandons or ceases to
actively pursue the Transaction prior to the expiration of the Exclusivity Period. If DLJMB notifies the Company that DLJMB is terminating discussions regarding the potential Transaction, then the Company shall have the right to immediately
terminate the Exclusivity Period. 
  
 2. Access. Upon
reasonable advance notice to the Company, the Company shall allow DLJMB and its representatives full and complete access to the assets and the books, records and documents of the Company and its subsidiaries and affiliates during normal business
hours or such other hours as the Company and DLJMB shall agree and subject to the reasonable rules of the Company, and the Company shall make available (subject to the same conditions) the officers, employees, attorneys, independent accountants and
other agents of the Company and its subsidiaries and affiliates to discuss the business, condition (financial or otherwise) or prospects of the Company in furtherance of the Transaction. Such access and information shall be subject to the terms of
the confidentiality agreement between the Company and DLJMB dated as of September 29, 2003. 
  
 3. Publicity. This Agreement is intended to be confidential and its existence shall not be disclosed by DLJMB or the Company to any person unless required by law or the rules or regulations of the New York
Stock Exchange or unless requested by any regulatory agency, including, but not limited to, any gaming authority or agency; provided, however, that the foregoing shall not prohibit a party from making any such disclosure to any of the
following (“Permitted Recipients”): (i) officers and directors of such party or any subsidiary, (ii) agents and advisors of such party or its subsidiaries (including legal, tax and financial advisors), (iii) applicable gaming authorities
in connection with requesting approval for the proposed Transaction, and (iv) any other person with the prior consent of the other parties. In the event the Company determines that any public announcement of this Agreement is required, the Company
shall afford DLJMB the opportunity to review and comment on such public announcement prior to its release. In any event, if any party discloses, without the prior written consent of the other parties, the fact that discussions concerning a
Transaction between the parties are taking place or the status or terms of any possible Transaction to any person other than a 

  

 2 

 
Permitted Recipient, then DLJMB (in the case of a disclosure by the Company or any of its Permitted Recipients described in clause (i) or (ii) of the
definition thereof) or (ii) the Company (in the case of a disclosure by DLJMB or any of its Permitted Recipients described in clause (i) or (ii) of the definition thereof) may terminate discussions concerning the Transaction and the Exclusivity
Period. 
  
 4. Expenses. The Company agrees to reimburse
DLJMB, but only if the Transaction is consummated, for all reasonable and accountable out-of-pocket expenses (including without limitation the fees, charges, disbursements and expenses of financial advisors, accountants, consultants, attorneys and
other advisors) incurred by DLJMB and paid to third parties (which shall include CSFB and its affiliates other than DLJMB) by DLJMB in connection with the Transaction (the “Transaction Expenses”). Reimbursement of the Transaction Expenses
shall be made out of the proceeds of the Transaction based upon the submission by DLJMB to the Company of an invoice for such Transaction Expenses. In the event that the Company materially breaches its obligations under this Agreement, the Company
shall reimburse DLJMB for the Transaction Expenses regardless of whether the Transaction is consummated. 
  
 5. No Agreement Regarding the Transaction. There are no legally binding obligations among the parties relating to the Transaction except those
specifically set forth herein. Each party acknowledges and agrees that this Agreement expresses the parties’ interests in continuing discussions regarding the Transaction and is not intended to, and does not, create any legally binding
obligation on any party to consummate the Transaction. Such an obligation will arise only upon the negotiation, execution and delivery of final definitive agreements relating to the Transaction in form and substance satisfactory to the parties and
their respective counsel. Neither the discussions or negotiations between the parties hereto nor this Agreement is intended to, and they do not, create any fiduciary or other special duties or obligations between the parties hereto other than those
specifically set forth herein, including any implied covenant of good faith or fair dealing. 
  
 6. Non-Assignability. This Agreement shall not be assignable without the prior written consent of the non-assigning party. 
  
 7. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of Delaware.

  
 8. Entire Agreement. This Agreement constitutes the
entire agreement between the parties with respect to the subject matter hereof and supersedes any prior oral or written agreements related thereto. 
  
 9. Amendments and Waivers. Neither this Agreement nor any of the terms hereof may be terminated, amended or waived orally, but only by an
instrument in writing signed by the party against which enforcement of the termination, amendment or waiver is sought. The performance or observance of any provision of this Agreement may 

  

 3 

 
be waived in whole or in part and any period of time relating to such performance or observance may be extended from time to time, as agreed by the parties
hereto. 
  
 10. Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall be deemed an original, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. 
  
 11. Termination. This Agreement will terminate upon the earliest of
(a) termination or expiration of the Exclusivity Period in accordance with the terms hereof, (b) execution by the parties of definitive agreements with respect to a Transaction or (c) such earlier date as may be agreed upon by the parties hereto.
Notwithstanding the foregoing, in the event this Agreement is terminated, the parties hereto agree that the provisions of Sections 3, 5, 7, 11 and the last sentence of Section 4 hereof shall survive any such termination and shall continue in full
force and effect. 
  

 4 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed on its
behalf by its officer thereunto duly authorized, all as of the day and year first above written. 
  

			
	TRUMP HOTELS & CASINO RESORTS, INC.
		
	By:	 	/S/    SCOTT C. BUTERA
	 	 	

	 Name:
	 	Scott C. Butera
	 Its:
	 	Executive Vice President
	
	DLJ MERCHANT BANKING PARTNERS III, L.P.
	 
	By: DLJ Merchant Banking III, Inc., its Managing General Partner
		
	By:	 	/S/    STEVE RATTNER
	 	 	

	 Name:
	 	Steve Rattner
	 Its:
	 	Authorized Signatory

  
  

 5Letter Agreement, dated February 12, 2004

 Exhibit 10.44 
  
 LETTER AGREEMENT 
  
 This LETTER AGREEMENT (this “Agreement”) is entered into as of February 12, 2004, between Trump Hotels & Casino Resorts, Inc., a Delaware
corporation (the “Company”) and Trump Hotels & Casino Resorts Holdings, L.P., a Delaware limited partnership (“Trump Holdings”), and DLJ Merchant Banking Partners III, L.P., a Delaware limited partnership (“DLJMB”).

  
 WHEREAS, on January 21, 2004, the Company and DLJMB entered
into an Exclusivity Agreement (the “Exclusivity Agreement”) setting forth certain matters related to a possible transaction pursuant to which DLJMB would make a substantial equity investment in the Company in connection with a
restructuring of the debt securities of the Company’s subsidiaries and its controlled affiliates (the “Transaction”), which agreement remains in full force and effect; 
  
 WHEREAS, the Company has advised DLJMB that it has determined that it will publicly disclose the fact that it has entered
into the Exclusivity Agreement with DLJMB and is in active negotiations with respect to the Transaction; 
  
 WHEREAS, the Exclusivity Agreement provides that DLJMB may terminate such discussions with the Company with respect to the Transaction if such a
disclosure is made without its consent; 
  
 WHEREAS, DLJMB is
concerned about the risks attendant to negotiating the Transaction in a public forum, the reputational issues associated with the possible failure to consummate the Transaction, and the uncertainties associated with accomplishing the restructuring
of the Company’s subsidiaries’ and its controlled affiliates’ debt as well as the significant time, effort and expense which needs to be devoted to the project; 
  
 WHEREAS, DLJMB nonetheless remains interested in the Transaction; 
  
 WHEREAS, in light of the potential “stalking horse” role which may
be played by DLJMB and the Company’s desire to assure DLJMB’s continued pursuit of the Transaction and the Company’s desire to consummate the Transaction, the Company has determined to provide some certainty to DLJMB in connection
with the significant time, effort and expense which DLJMB will continue to expend in order to consummate the Transaction; and 
  
 WHEREAS, the Board of Directors of the Company has determined that it is in the best interests of the Company and its various constituencies for the
Company to enter into this Agreement. 

 NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, and
intending to be legally bound, the parties hereto agree as follows: 
  
 1. Exclusivity Agreement. The Company agrees that it, and any of its respective subsidiaries or affiliates, will and will cause all of their respective officers, directors, employees, agents and representatives (including Donald J.
Trump) to comply with the provisions set forth in paragraph 1 of the Exclusivity Agreement. The Exclusivity Agreement is hereby amended as follows: The Exclusivity Period defined therein shall mean the period ending on May 31, 2004. The Exclusivity
Agreement, as amended by this Agreement, remains in full force and effect. 
  
 2. Expenses. The Company shall reimburse DLJMB for all Transaction Expenses (as defined in the Exclusivity Agreement) incurred by DLJMB beginning after the date of this Agreement and accruing until, and shall
be payable upon, the earlier to occur of (i) the consummation of an Alternative Transaction (as defined below) and (ii) the date that is eighteen months following the date of this Agreement; provided, however, Transaction Expenses through such date
shall be payable immediately upon the sale (whether through a stock sale or sale of assets) of either the Trump Marina Hotel Casino or the Trump Indiana Casino Hotel; provided, further, that (a) such reimbursement obligation shall not duplicate any
amounts reimbursed under the Exclusivity Agreement and (b) the aggregate amount of Transaction Expenses reimbursed to DLJMB shall not exceed $5 million. At such time as the Company is required to reimburse DLJMB for the Transaction Expenses pursuant
to the preceding sentence, such reimbursement shall be made promptly based upon the submission by DLJMB to the Company of an invoice for such Transaction Expenses, which invoice shall contain a reasonably detailed breakdown and supporting
documentation reflecting any amounts due under such invoice. 
  
 3. Transaction Fee. The Company will become obligated to pay $25 million (the “Transaction Fee”) to DLJMB if, on or prior to December 1, 2004, an Alternative Transaction occurs. The Transaction Fee (if any) shall be earned
by DLJMB upon the occurrence of any Alternative Transaction but shall not become payable by the Company until consummation of any Alternative Transaction without regard to when such Alternative Transaction occurs. 
  
 An “Alternative Transaction” will occur when the Company, any of
its subsidiaries or any of its controlled affiliates enters into a definitive agreement (including an agreement subject to court approval), files a voluntary plan of reorganization with a court or files an exchange offer registration statement with
the SEC, in each case with respect to: 
  

	 	•	Any transaction described in any of subparagraphs (a)(i)-(iii) which has an effect described in subparagraph (b), and 

  

 2 

	 	•	Any transaction described in subparagraph (a)(iv), 

  
 in each case whether consummated out-of-court or through a bankruptcy proceeding, without the participation of DLJMB or any of its affiliates (other than
CSFB and its affiliates in connection with advisory or financing activities): 
  
 (a)(i) any direct or indirect sale, whether by sale of equity or substantially all the assets, merger or consolidation (including, without limitation, any sale pursuant to Section 363 of title 11 of the United States
Code (the “Bankruptcy Code”)) of the Company, any of its subsidiaries or any of its controlled affiliates, (ii) any sale of securities of the Company, any of its subsidiaries or any of its controlled affiliates, (iii) any restructuring of
indebtedness of the Company, any of its subsidiaries or any of its controlled affiliates, including, without limitation, the filing of a plan of reorganization under Chapter 11 of the Bankruptcy Code; or (iv) any person other than Donald J. Trump,
his spouse and his legal heirs and legatees (the “Trump Group”) shall acquire and own, directly or indirectly, in the aggregate a greater percentage of the Voting Stock of the Company than the Trump Group (other than pursuant to or
resulting from the confirmation of a plan of reorganization under Chapter 11 of the Bankruptcy Code that is not proposed by the Company); 
  
 (b) Any such transaction shall have (x) a value in excess of $200 million to the Company, any of its subsidiaries, or any of its
controlled affiliates, it being understood that for such purposes, value shall mean the aggregate dollar amount of proceeds received and net indebtedness assumed, forgiven or compromised or (y) shall result in the ownership of more than 50% of the
voting stock or control of the board of directors of any subsidiary or controlled affiliate of the Company with an asset fair market value of in excess of $200 million. 
  
 Notwithstanding the foregoing, in no event shall the sale for fair market value (whether through sale of equity or assets)
of only one of Trump Marina Hotel Casino or Trump Indiana Casino Hotel, taken alone, constitute an Alternative Transaction. For the purposes of this Agreement, “Voting Stock” shall mean all classes of equity interests of the Company then
outstanding and generally entitled to vote in elections of the Company’s board of directors. 
  
 4. Reimbursement Obligation. Simultaneously with the execution hereof, DLJMB has entered into certain agreements with certain of the Company’s
subsidiaries relating to the potential payment of Transaction Expenses and the Transaction Fee (the “Other Agreements”). DLJMB agrees that, at such time as it has collected amounts owing hereunder and under the Other Agreements (not to
exceed an aggregate of $25 million in Transaction Fees and $5 million in Transaction Expenses), it will (a) cease its efforts to enforce such Other Agreements or collect monies due thereunder from the signatories thereto and (b) remit promptly any
amounts received in excess thereof to the Company. Notwithstanding clause (b) above, the parties will work together in order to minimize, to the extent reasonably practicable, but with no more than de minimis 

  

 3 

 
unreimbursed cost (including tax cost) to DLJMB, any adverse tax consequences to the Company, any of its subsidiaries or its controlled affiliates caused by
such remittances of any such excess amounts and, if mutually agreed, will amend this agreement in order to accomplish such purposes. 
  
 5. Non-Assignability. This Agreement shall not be assignable without the prior written consent of the non-assigning party. Any assignment attempted
in violation of this paragraph shall be void. 
  
 6. Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of Delaware without regard to its principles of conflicts of law. 
  
 7. Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersede
any prior oral or written agreements related thereto. 
  
 8.
Amendments and Waivers. Neither this Agreement nor any of the terms hereof may be terminated, amended or waived orally, but only by an instrument in writing signed by the parties hereto. 
  
 9. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart. 
  
 10. No Agreement Regarding Transaction; Effect of Definitive Agreements. This Agreement does not reflect all matters
upon which agreement must be reached in order for the Transaction to be consummated, and does not obligate the parties to execute or consummate the Investment Agreement or any other definitive agreement with respect to the Transaction. Such an
obligation will arise only upon the negotiation, execution and delivery of final definitive agreements relating to the Transaction in form and substance satisfactory to the parties and their respective counsel. Neither the discussions or
negotiations among the parties hereto nor this Agreement or the Exclusivity Agreement is intended to, and they do not, create any fiduciary or other special duties or obligations between the parties hereto other than those specifically set forth
herein or in the Exclusivity Agreement, including any implied covenant of good faith or fair dealing. In the event the parties enter into one or more definitive agreements with respect to the Transaction, such agreement(s), if entered into, (A)
shall contain certain provisions consistent with the terms set forth in this Agreement and shall include other provisions, including payments in the event the Company terminates such definitive agreements, consistent with the terms previously
discussed by the parties, and (B) shall supercede this Agreement and the Exclusivity Agreement and this Agreement and the Exclusivity Agreement shall be void and have no further force or effect. 
  

 4 

 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed on its
behalf by its officer thereunto duly authorized, all as of the day and year first above written. 
  

			
	 TRUMP HOTELS & CASINO RESORTS, INC.

		
	By:	 	/s/    JOHN P. BURKE
	 	 	

	 Name:
	 	John P. Burke
	 Its:
	 	Vice President

  

			
	TRUMP HOTELS & CASINO RESORTS HOLDINGS, L.P.
	
	By: Trump Hotels & Casino Resorts, Inc., its general partner
		
	By:	 	/s/    JOHN P. BURKE
	 	 	

	 Name:
	 	John P. Burke
	 Its:
	 	Vice President

  

			
	DLJ MERCHANT BANKING PARTNERS III, L.P.
	
	By: DLJ Merchant Banking III, Inc., its Managing General Partner
		
	By:	 	/s/    STEVE RATTNER
	 	 	

	 Name:
	 	Steve Rattner
	 Its:
	 	Authorized Signatory

  

 5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]