SECOND AMENDMENT AGREEMENTSecond Amendment Agreement • February 6th, 2003 • Mandalay Resort Group • Services-miscellaneous amusement & recreation
This Second Amendment Agreement dated as of February 4, 2003 ("Amendment") is entered into with reference to (a) the Revolving Loan Agreement dated August 22, 2001 (the "Revolving Loan Agreement") and (b) the Term Loan Agreement dated August 22, 2001 (the "Term Loan Agreement" and together with the Revolving Loan Agreement, the "Loan Agreements"), in each case among Mandalay Resort Group, a Nevada corporation ("Borrower"), the Lenders therein named and Bank of America, N.A., as Administrative Agent. The Loan Agreements have heretofore been amended by the First Amendment Agreement dated December 19, 2001, and the Capital Markets Term Loan referred to therein has been repaid in full and terminated. Borrower and the Administrative Agent, acting on behalf of the Requisite Lenders under each of the Loan Agreements, hereby agree to amend each of the Loan Agreements as follows:
