0001047469-03-039307 Sample Contracts

NON-QUALIFIED STOCK OPTION CONTRACT
Non-Qualified Stock Option Contract • December 4th, 2003 • MTR Gaming Group Inc • Services-miscellaneous amusement & recreation • Delaware

THIS NON-QUALIFIED STOCK OPTION CONTRACT is entered into as of June 30, 2003 by and between MTR Gaming Group, Inc. a Delaware corporation (the "Company"), and Richard F. Strafella (the "Optionee"), an executive employee of a subsidiary of the Company.

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NON-QUALIFIED STOCK OPTION CONTRACT
Non-Qualified Stock Option Contract • December 4th, 2003 • MTR Gaming Group Inc • Services-miscellaneous amusement & recreation • Delaware

THIS NON-QUALIFIED STOCK OPTION CONTRACT is entered into as of July 7, 2003 by and between MTR Gaming Group, Inc. a Delaware corporation (the "Company"), and James V. Stanton (the "Optionee").

FORM OF NON-QUALIFIED STOCK OPTION CONTRACT
Non-Qualified Stock Option Contract • December 4th, 2003 • MTR Gaming Group Inc • Services-miscellaneous amusement & recreation • Delaware

THIS NON-QUALIFIED STOCK OPTION CONTRACT is entered into as of , by and between MTR Gaming Group, Inc. a Delaware corporation (the "Company"), and (the "Optionee").

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