SETTLEMENT AND FORBEARANCE AGREEMENTSettlement and Forbearance Agreement • August 17th, 2016 • CAESARS ENTERTAINMENT Corp • Hotels & motels • New York
This Settlement and Forbearance Agreement dated as of August 15, 2016 (as amended, supplemented, or otherwise modified from time to time, this “Agreement”), is among: (i) Caesars Entertainment Operating Company, Inc. (“CEOC”), on behalf of itself and each of the debtors in the Chapter 11 Cases and its other direct and indirect Subsidiaries (collectively, the “Company”); (ii) Caesars Entertainment Corporation (“CEC,” and together with the Company and CEC the “Caesars Parties”); and (iii) Frederick Barton Danner (“Danner”), a holder of CEOC’s 6.5% senior notes due 2016 and the plaintiff in Frederick Barton Danner v. Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc., No. 14-cv-7973 (S.D.N.Y.) (the “Danner Lawsuit”). Danner and the Caesars Parties are each referred to as a “Party” and collectively referred to as the “Parties”. All capitalized terms not defined herein shall have the meanings ascribed to them in the June 28 CEOC Plan (as defined below).
