LOAN AGREEMENTLoan Agreement • May 13th, 2003 • MTR Gaming Group Inc • Services-miscellaneous amusement & recreation • Ohio
THIS LOAN AGREEMENT ("Agreement") is made this 5th day of May, 2003 by and between Scioto Downs, Inc., an Ohio corporation ("Borrower"), having as its address 6000 South High Street, Columbus, OH 43207; and MTR Gaming Group, Inc., a Delaware corporation ("Lender"), having as its address State Route 2, P.O. Box 356, Chester, WV 26034.
OPEN-END MORTGAGE, SECURITY AGREEMENT AND FINANCING STATEMENT [To Secure up to $1,000,000.00 (exclusive of interest)]MTR Gaming Group Inc • May 13th, 2003 • Services-miscellaneous amusement & recreation
Scioto Downs, Inc., an Ohio corporation ("Mortgagor"), whose address is 6000 South High Street, Columbus, Ohio 43207, in consideration of One Million Dollars ($1,000,000.00 paid or to be paid to or on behalf of Mortgagor by MTR Gaming Group, Inc., a Delaware corporation ("Mortgagee"), whose address is State Route 2, P.O. Box 356, Chester, WV 26034, hereby grants with mortgage covenants to Mortgagee, its successors and assigns forever, the approximately 173 acre parcel of land in the State of Ohio, County of Franklin, and Township of Hamilton, commonly known as 6000 South High Street, as more fully described on the Exhibit A attached to this Mortgage and made a part hereof (the "Property").
EXCLUSIVE OPTION TO PURCHASE REAL ESTATE AGREEMENTPurchase Real Estate Agreement • May 13th, 2003 • MTR Gaming Group Inc • Services-miscellaneous amusement & recreation • Ohio
On this 5th day of May, 2003 ("Effective Date"), this Exclusive Option to Purchase Real Estate Agreement ("Agreement") is granted to Scioto Downs, Inc. ("Buyer"), by Mara Enterprises, Inc., an Ohio corporation ("Seller"), to purchase the approximately 37 acre parcel of real property and any appurtenances thereto located in the State of Ohio, County of Franklin, Township of Hamilton, as more fully described in Exhibit "A" attached hereto and made a part hereof (the "Property"), subject to the terms and conditions hereof.
MEMORANDUM OF OPTIONMTR Gaming Group Inc • May 13th, 2003 • Services-miscellaneous amusement & recreation
THIS MEMORANDUM OF OPTION (this "Memorandum") is made and entered into as of this 5th day of May, 2003, by and between, (i) Mara Enterprises, Inc., an Ohio corporation (the "Optionor") and (ii) SCIOTO DOWNS, INC., an Ohio corporation ("the Optionee").
