Exchange and Registration Rights AgreementExchange and Registration Rights Agreement • January 12th, 2010 • Mountaineer Park Inc • Services-miscellaneous amusement & recreation • New York
MTR Gaming Group, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the Initial Purchaser (as defined herein) upon the terms set forth in the Purchase Agreement (as defined herein) $10,000,000 in aggregate principal amount of its 12.625% Senior Secured Notes due 2014, which are irrevocably and unconditionally guaranteed by each of the subsidiary guarantors listed on the signature page of this Agreement (the “Guarantors”). As an inducement to the Initial Purchaser to enter into the Purchase Agreement and in satisfaction of a condition to the obligations of the Initial Purchaser thereunder, the Company and the Guarantors agree with the Initial Purchaser for the benefit of holders (as defined herein) from time to time of the Registrable Securities (as defined herein) as follows:
