Exhibit 10.13
QUIT CLAIM ASSIGNMENT
FOR VALUE RECEIVED, the undersigned Xxxxx Xxxxx ("Xxxxx") All
Capital LLC ("All Capital"), Xxxxxx, LLC ("Xxxxxx") and Capital One LLC
("Capital", and Xxxxx, All Capital, Xxxxxx and Capital One collectively the
"Assignor") does hereby transfer, sell, assign and convey unto Raceway Ventures,
LLC (the "Assignee") any and all rights of every kind, nature or description, if
any, which Assignor has to provide debt or equity financing to Mid-State
Raceway, Inc.
Except as herein expressly provided to the contrary, the
within assignment is being made by the Assignor (and accepted by the Assignee)
without representation, warranty, covenant or agreement of any kind nature or
description, including without limitation the existence of the rights herein
assigned and/or the right or ability of the Assignee to exercise and/or enforce
the rights herein assigned. Assignor represents that: (a) prior to the date
hereof the Assignor has not transferred, sold, assigned or conveyed the right
herein assigned, and/or any interest therein, to any person and/or entity; (b)
the execution, delivery and performance of this Assignment is within the power
and authority of the Assignor, has been authorized by the taking of all required
actions and does not violate the constitutional documents of the Assignor, and
(c) from and after the date hereof the Assignor shall not exercise or attempt to
exercise the within assigned right.
IN WITNESS WHEREOF, the Assignor has executed this Quit Claim
Assignment this 10th day of April, 2004.
All Capital, LLC
By: /s/ Xxxxx Xxxxx
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Name: Xxxxx Xxxxx
Xxxxxx LLC
By: /s/ Xxxxx Xxxxx
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Name: Xxxxx Xxxxx
Capital One LLC
By: /s/ Xxxxx Xxxxx
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Name: Xxxxx Xxxxx
/s/ Xxxxx Xxxxx
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Xxxxx Xxxxx, Individually
