0000950152-04-004064 Sample Contracts

BACKGROUND ----------
Escrow Agreement • May 14th, 2004 • Mid State Raceway Inc • Services-racing, including track operation • Nevada
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GUARANTY
Guaranty • May 14th, 2004 • Mid State Raceway Inc • Services-racing, including track operation • Nevada
WITNESSETH
Loan Agreement • May 14th, 2004 • Mid State Raceway Inc • Services-racing, including track operation • Nevada
WITNESSETH
Loan Agreement • May 14th, 2004 • Mid State Raceway Inc • Services-racing, including track operation
WITNESSETH
Indemnification Agreement • May 14th, 2004 • Mid State Raceway Inc • Services-racing, including track operation • Nevada
Vestin Mortgage April 9, 2004
Mid State Raceway Inc • May 14th, 2004 • Services-racing, including track operation
QUIT CLAIM ASSIGNMENT
Mid State Raceway Inc • May 14th, 2004 • Services-racing, including track operation

FOR VALUE RECEIVED, the undersigned Shawn Scott ("Scott") All Capital LLC ("All Capital"), Vernon, LLC ("Vernon") and Capital One LLC ("Capital", and Scott, All Capital, Vernon 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.

April 10, 2004
Mid State Raceway Inc • May 14th, 2004 • Services-racing, including track operation
Exhibit 10.12 QUIT CLAIM ASSIGNMENT --------------------- FOR VALUE RECEIVED, the undersigned All Capital LLC (the "Assignor") does hereby transfer, sell, assign and convey unto Raceway Ventures, LLC (the "Assignee") all of the right, title and...
Mid State Raceway Inc • May 14th, 2004 • Services-racing, including track operation

FOR VALUE RECEIVED, the undersigned All Capital LLC (the "Assignor") does hereby transfer, sell, assign and convey unto Raceway Ventures, LLC (the "Assignee") all of the right, title and interest of the Assignor in and to the right of the Assignor to designate 6 nominees to the Board of Directors of Mid-State Raceway, Inc. ("Mid-State") as set forth in Paragraph 3 of that certain First Amendment to Loan Agreement dated June 30, 2003 between Assignor and Mid-State (the "First Amendment"), a copy of which is annexed hereto.

WITNESSETH
Acknowledgment and Indemnification Agreement • May 14th, 2004 • Mid State Raceway Inc • Services-racing, including track operation • Nevada
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