EXHIBIT 11 AMENDMENT OF CONSTRUCTION LOAN AGREEMENT This Agreement, entered this 19th day of September, 1996, by and between Winners Entertainment, Inc. and its wholly owned subsidiary Mountaineer Park, Inc. ("WINS/MPI") and Richard C. Breeden, solely...Settlement Agreement • January 25th, 1999 • Breeden Richard C • Services-miscellaneous amusement & recreation • West Virginia
Route 2, South P. 0. Box 358 Chester, West Virginia 26034Letter Agreement • January 25th, 1999 • Breeden Richard C • Services-miscellaneous amusement & recreation
EXHIBIT 3 CONSTRUCTION LOAN AGREEMENT AMENDMENT Construction Loan Agreement Amendment dated December 7, 1994, among Bennett Management and Development Corp., a New York corporation ("Lender"), Mountaineer Park, Inc., a West Virginia corporation...Construction Loan Agreement • January 25th, 1999 • Breeden Richard C • Services-miscellaneous amusement & recreation
Construction Loan Agreement Amendment dated December 7, 1994, among Bennett Management and Development Corp., a New York corporation ("Lender"), Mountaineer Park, Inc., a West Virginia corporation ("Borrower"), and Winners Entertainment, Inc., a Delaware corporation and parent of Borrower ("Winners").
November 9, 1995 Mr. Kevin J. Kuppel Treasurer Bennett Management & Development Corp. Two Clinton Square Syracuse, NY 13202 Re: Construction Loan Agreement between Bennett Management & Development Corp., Mountaineer Park, Inc. and Winner's...Breeden Richard C • January 25th, 1999 • Services-miscellaneous amusement & recreation
This letter sets forth the agreement between Bennett Management & Development Corp., Mountaineer Park, Inc. and Winner's Entertainment, Inc. that if: (a) the Loan from Bennett Management & Development Corp. to Mountaineer Park, Inc. in the principal amount of $10.2 million is paid in full by December 1, 1995, and (b) Mountaineer Park, Inc. and Winner's Entertainment, Inc. deliver to Bennett Management & Development Corp. a broad form general release of all liability arising out of or related to the Loan, Bennett Management & Development Corp. will transfer to Winner's Entertainment, Inc. all of its current and future rights to any shareholder interest in Winner's Entertainment, Inc. at no additional cost to Winner's Entertainment, Inc., and a duly executed release of the deed of trust.
BENNETT MANAGEMENT & DEVELOPMENT CORPORATIONBreeden Richard C • January 25th, 1999 • Services-miscellaneous amusement & recreation
RE: Credit in the principal amount of $10,200,000 extended by Bennett Management & Development Corp. (the "Loan") pursuant to a certain June 27, 1994 Construction Loan Agreement by and among Bennett Management & Development Corp., Lender, Mountaineer Park, Inc., Borrower, and Winners Entertainment, Inc., Winners, as amended
November 28, 1995 Mr. Edson R. Arneault, President Winner's Entertainment, Inc. Route 2 South, P.O. Box 358 Chester, WV 26034 RE: CONSTRUCTION LOAN AGREEMENT BETWEEN BENNETT MANAGEMENT & DEVELOPMENT CORP., MOUNTAINEER PARK, INC. AND WINNER'S...Breeden Richard C • January 25th, 1999 • Services-miscellaneous amusement & recreation
This letter sets forth the agreement between BMDC, Mountaineer Park, Inc. and Winner's Entertainment, Inc. that if (a) the Loan from BMDC to Mountaineer Park, Inc. in the principal amount of $10.2 Million plus all accrued and unpaid interest** is paid in full by December 10, 1995, and (b) Mountaineer Park, Inc. and Winner's Entertainment, Inc. deliver to BMDC a broad form general release of all liability arising out of or related to the Loan, BMDC will transfer to Winner's Entertainment, Inc. all of its current and future rights to any shareholder interest in Winner's Entertainment, Inc. at no additional cost to Winner's Entertainment, Inc., and a duly executed release of the deed of trust.
