Standard Contracts
CANTERBURY PARK HOLDING CORPORATION, Issuer AND U.S. Bank National Association, Trustee INDENTURE Dated as of _________________, 20__ Debt SecuritiesIndenture • October 10th, 2019 • Canterbury Park Holding Corp • Services-racing, including track operation • New York
INDENTURE, dated as of __________, 20__, among CANTERBURY PARK HOLDING CORPORATION, a Minnesota corporation (the “Company”), and U.S. Bank National Association, a national banking association, as trustee (the “Trustee”):
MORTGAGE, SECURITY AGREEMENT, FIXTURE FINANCING STATEMENT AND ASSIGNMENT OF LEASES AND RENTS BY CANTERBURY PARK ENTERTAINMENT LLC AS MORTGAGOR, TO BREMER BANK, NATIONAL ASSOCIATION AS MORTGAGEE, TO SECURE $10,000,000 REVOLVING PROMISSORY NOTE...Mortgage, Security Agreement, Fixture Financing Statement and Assignment of Leases and Rents • March 4th, 2021 • Canterbury Park Holding Corp • Services-racing, including track operation
Tax statements for the real property described in this instrument should be sent to: Canterbury Park Entertainment LLC 1100 Canterbury Park Road Shakopee, Minnesota 55379 This instrument was drafted by: WINTHROP & WEINSTINE, P.A. 225 South Sixth Street, Suite 3500 Minneapolis, Minnesota 55402
SECOND AMENDMENT AGREEMENTSecond Amendment Agreement • November 14th, 2018 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS SECOND AMENDMENT AGREEMENT (this “Amendment”) is made as of the 30th day of September, 2018, by and among CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Borrower”), Canterbury Park Holding Corporation, a Minnesota corporation (the “Guarantor”), Canterbury Park Concessions, Inc., a Minnesota corporation (“Canterbury Concessions”), and BREMER BANK, NATIONAL ASSOCIATION, a national banking association (the “Lender”).
THIRD AMENDMENT AGREEMENTGeneral Credit and Security Agreement • October 4th, 2019 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS THIRD AMENDMENT AGREEMENT (this “Amendment”) is made as of the 30th day of September, 2019, by and among CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Borrower”), CANTERBURY PARK HOLDING CORPORATION, a Minnesota corporation (the “Guarantor”), CANTERBURY PARK CONCESSIONS, INC., a Minnesota corporation (“Canterbury Concessions”), and BREMER BANK, NATIONAL ASSOCIATION, a national banking association (the “Lender”).
SEVENTH AMENDMENT AGREEMENTGeneral Credit and Security Agreement • February 2nd, 2024 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS SEVENTH AMENDMENT AGREEMENT (this “Amendment”) is made effective as of the 31 day of January, 2024, by and among CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Borrower”), CANTERBURY PARK HOLDING CORPORATION, a Minnesota corporation (the “Guarantor”), CANTERBURY PARK CONCESSIONS, INC., a Minnesota corporation (“Canterbury Concessions”), and BREMER BANK, NATIONAL ASSOCIATION, a national banking association (the “Lender”).
AMENDMENT TO AMENDED AND RESTATED OPERATING AGREEMENT OF DORAN CANTERBURY I, LLCOperating Agreement • May 14th, 2019 • Canterbury Park Holding Corp • Services-racing, including track operation
THIS AMENDMENT is made effective as of December 20, 2018 to that certain Amended and Restated Operating Agreement dated August 17, 2018 (the “Operating Agreement”) among Doran Shakopee, LLC, a Minnesota limited liability company (“Doran”), Canterbury Development LLC, a Minnesota limited liability company (“Canterbury”), and Doran Canterbury I, LLC, a Minnesota limited liability company (the “Company”). Doran and Canterbury are each hereinafter referred to as a “Member” and together as the “Members.”
CONTRACT FOR PRIVATE REDEVELOPMENT between CITY OF SHAKOPEE, MINNESOTA, ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF SHAKOPEE, MINNESOTA, CANTERBURY DEVELOPMENT LLC, and CANTERBURY PARK HOLDING CORPORATION Dated: August 10, 2018Private Redevelopment Contract • August 14th, 2018 • Canterbury Park Holding Corp • Services-racing, including track operation
(A)Construction Plans and Specifications and Approval Thereof. The Developer will engage, at Developer's expense, a duly licensed professional civil engineer authorized to practice within the State of Minnesota to prepare detailed plans, specifications, and a cost estimate for the complete installation of all Developer Improvements, in accordance with the most recent editions of the City of Shakopee Design Criteria; the City of Shakopee General Specifications and Standard Detail Plates for Street & Utility Construction; Municipal State Aid Rules and Plan Requirements; and the Shakopee Public Utilities Commission (SPUC) Water Policy Manual and submit them to the City Engineer and to the SPUC Utilities Manager for written approval prior to commencement of construction.
FIRST AMENDMENT TO SECURITY AGREEMENTSecurity Agreement • June 9th, 2020 • Canterbury Park Holding Corp • Services-racing, including track operation
This First Amendment to Security Agreement (this “Amendment”) is made as of June 1, 2020 by and between the Shakopee Mdewakanton Sioux Community (the “Pledgor”), a federally recognized Indian tribe, and Canterbury Park Holding Corporation, a Minnesota corporation (the “Secured Party”). The Pledgor and the Secured Party are sometimes referred to herein collectively as the “Parties” or individually as a “Party.”
SECOND AMENDMENT TO AMENDED AND RESTATED OPERATING AGREEMENT OF DORAN CANTERBURY I, LLCOperating Agreement • May 14th, 2019 • Canterbury Park Holding Corp • Services-racing, including track operation
THIS SECOND AMENDMENT is made effective as of March 15, 2019 to that certain Amended and Restated Operating Agreement dated August 17, 2018 among Doran Shakopee, LLC, a Minnesota limited liability company (“Doran”), Canterbury Development LLC, a Minnesota limited liability company (“Canterbury”), and Doran Canterbury I, LLC, a Minnesota limited liability company (the “Company”), as amended by that certain Amendment dated December 20, 2018 (as so amended, the “Operating Agreement”). Doran and Canterbury are each hereinafter referred to as a “Member” and together as the “Members.”
FIFTH AMENDMENT AGREEMENTGeneral Credit and Security Agreement • December 23rd, 2020 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS FIFTH AMENDMENT AGREEMENT (this “Amendment”) is made as of the 23 day of December, 2020, by and among CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Borrower”), Canterbury Park Holding Corporation, a Minnesota corporation (the “Guarantor”), Canterbury Park Concessions, Inc., a Minnesota corporation (“Canterbury Concessions”), and BREMER BANK, NATIONAL ASSOCIATION, a national banking association (the “Lender”).
FOURTH AMENDMENT AGREEMENTGeneral Credit and Security Agreement • October 2nd, 2020 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS FOURTH AMENDMENT AGREEMENT (this “Amendment”) is made as of the 30th day of September, 2020, by and among CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Borrower”), Canterbury Park Holding Corporation, a Minnesota corporation (the “Guarantor”), Canterbury Park Concessions, Inc., a Minnesota corporation (“Canterbury Concessions”), and BREMER BANK, NATIONAL ASSOCIATION, a national banking association (the “Lender”).
GENERAL CREDIT AND SECURITY AGREEMENTGeneral Credit and Security Agreement • March 30th, 2017 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS GENERAL CREDIT AND SECURITY AGREEMENT, dated as of the 14th day of November, 2016, between Bremer Bank, National Association, a national banking association, having its mailing address and principal place of business at 1995 Rahncliff Court, Eagan, Minnesota 55122 (herein called “Lender”), and Canterbury Park Entertainment LLC, a Minnesota limited liability company, having offices at 1100 Canterbury Road, Shakopee, Minnesota 55379, (herein called “Borrower”).
AMENDMENT AGREEMENTAmendment Agreement • March 27th, 2018 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS AMENDMENT AGREEMENT (this “Amendment”) is made as of the 30th day of September, 2017, by and among CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Borrower”), CANTERBURY PARK HOLDING CORPORATION, a Minnesota corporation (the “Guarantor”), CANTERBURY PARK CONCESSIONS, INC., a Minnesota corporation (“Canterbury Concessions”), and BREMER BANK, NATIONAL ASSOCIATION, a national banking association (the “Lender”).
SIXTH AMENDMENT AGREEMENTGeneral Credit and Security Agreement • March 4th, 2021 • Canterbury Park Holding Corp • Services-racing, including track operation • Minnesota
THIS SIXTH AMENDMENT AGREEMENT (this “Amendment”) is made effective as of the 28th day of February, 2021, by and among CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Borrower”), CANTERBURY PARK HOLDING CORPORATION, a Minnesota corporation (the “Guarantor”), CANTERBURY PARK CONCESSIONS, INC., a Minnesota corporation (“Canterbury Concessions”), and BREMER BANK, NATIONAL ASSOCIATION, a national banking association (the “Lender”).
NEGATIVE PLEDGE AGREEMENTNegative Pledge Agreement • February 2nd, 2024 • Canterbury Park Holding Corp • Services-racing, including track operation
THIS NEGATIVE PLEDGE AGREEMENT (this “Agreement”), is made effective as of January 31, 2024, by CANTERBURY PARK ENTERTAINMENT LLC, a Minnesota limited liability company (the “Owner”), in favor of BREMER BANK, NATIONAL ASSOCIATION, a national banking association, its successors and/or assigns (the “Lender”).
FIRST AMENDMENT TO CONTRACT FOR PRIVATE REDEVELOPMENTContract for Private Redevelopment • January 31st, 2022 • Canterbury Park Holding Corp • Services-racing, including track operation
Canterbury Park Entertainment, LLC, hereby consents to the First Amendment to Contract for Private Redevelopment between City of Shakopee, Minnesota, Economic Development Authority for the City of Shakopee, Minnesota; Canterbury Development LLC and Canterbury Park Holding Corporation, dated September 7, 2021, which amends the Contract for Private Redevelopment, dated August 8, 2018 (as amended, the “Agreement”) and agrees that its property shall be subject to the terms of the Agreement.
