SEC Contract Filing

Filing Date: 2016-07-11

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>d226525dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><div style="width:100%;margin-left:0%; margin-right:0%;border:solid 1px;padding-top:2pt;padding-bottom:3pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; padding-top:0pt; margin-left:1%; margin-right:1%; font-size:10pt; font-family:Times New Roman"><B>THIS AGREEMENT IS NOT, AND SHALL NOT BE DEEMED, A SOLICITATION FOR CONSENTS TO THE CEOC PLAN PURSUANT TO
SECTIONS 1125 AND 1126 OF THE BANKRUPTCY CODE. VOTES ON THE CEOC PLAN SHALL NOT BE SOLICITED UNTIL SUCH PARTY HAS RECEIVED THE DISCLOSURE STATEMENT AND RELATED BALLOT(S), AS APPROVED BY THE BANKRUPTCY COURT. </B></P></div>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED RESTRUCTURING SUPPORT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Amended and Restated Restructuring Support Agreement dated as of July&nbsp;9, 2016 (as amended, supplemented, or otherwise modified from
time to time, this &#147;<U>Agreement</U>&#148;) amends, restates, and replaces in its entirety the Restructuring Support Contribution Agreement dated as of June&nbsp;12, 2016, including all schedules, annexes, and exhibits attached thereto, among:
(i)&nbsp;Caesars Entertainment Operating Company, Inc. (&#147;<U>CEOC</U>&#148;), on behalf of itself and each of the debtors in the Chapter 11 Cases and its other direct and indirect Subsidiaries (as defined below, collectively, the
&#147;<U>Company</U>&#148;), and (ii)&nbsp;Caesars Acquisition Company, on behalf of itself and each of its direct and indirect Subsidiaries (collectively, &#147;<U>CAC</U>,&#148; and together with the Company, each referred to as a
&#147;<U>Party</U>&#148; and collectively referred to as the &#147;<U>Parties</U>&#148;). All capitalized terms not defined herein shall have the meanings ascribed to them in the CEOC Plan (as defined below). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECITALS: </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, before the date hereof, the Parties and their representatives engaged in arm&#146;s-length, good-faith negotiations regarding
a potential reorganization and realignment of certain of the Parties&#146; respective assets and operations, restructuring of the Company&#146;s funded indebtedness and settlement of potential and actual claims asserted by the Company against its
non-debtor affiliates pursuant to the CEOC Plan, which negotiations resulted in the terms and conditions of this Agreement and the terms and conditions set forth in the CEOC Plan, including without limitation the Merger (collectively, the
&#147;<U>Restructuring</U>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company has investigated claims and causes of action against CAC and its
affiliates, sponsors, and others, as more fully disclosed in the CEOC Disclosure Statement (as defined below) (the &#147;<U>SGC Investigation</U>&#148;); <U>provided</U>, <U>however</U>, that CAC disputes many of the conclusions reached by the
Company as a result of the SGC Investigation and expressly reserves all rights to challenge those conclusions in connection with any litigation regarding the CEOC Plan or otherwise; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, a chapter 11 examiner appointed in the Chapter 11 Cases investigated the claims and causes of action held by the Company and
its chapter 11 estates against CAC, and its affiliates, sponsors, and others, as more fully described in the <I>Final Version of Examiner&#146;s Final Report (Substantially Unredacted)</I> Chapter 11 Cases, Docket No.&nbsp;3720 (the
&#147;<U>Examiner Report</U>&#148;); <U>provided</U>, <U>however</U>, that CAC disputes many of the conclusions articulated in the Examiner Report and expressly reserves all rights to challenge those conclusions in connection with any litigation
regarding the CEOC Plan or otherwise; </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Restructuring, the CEOC Plan and the distributions to be made to creditors
under the CEOC Plan are dependent upon the substantial, valuable contributions that CAC, through New CEC (as defined below) has agreed to make on, and subject to, the terms and conditions of this Agreement and the CEOC Plan; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS,</B> the Restructuring, the CEOC Plan and the distributions of New CEC securities to be made to creditors under the CEOC Plan are
dependent and expressly conditioned upon the occurrence of a merger of CEC (as defined below) and CAC on terms and conditions acceptable to each of CEC and CAC; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Restructuring settles all potential and actual claims of the Company against its non-debtor affiliates, including against
CAC and its affiliates, sponsors, officers and directors and including all potential claims and causes of action investigated by the SGC Investigation and discussed in the Examiner Report, on the terms a