Extension Agreement to Live Racing Agreement among Penn National Turf Club, Mountainview Thoroughbred Racing Association, and Pennsylvania Horsemen’s Benevolent and Protective Association
This agreement extends the existing Live Racing Agreement among Penn National Turf Club, Inc., Mountainview Thoroughbred Racing Association, and the Pennsylvania Horsemen’s Benevolent and Protective Association, Inc. The extension is effective from March 23, 1999, through 11:59 p.m. on May 31, 2004. All original terms and conditions remain in effect during this period. The extension is confirmed by the signatures of authorized representatives from each party.
Exhibit 10.2
AGREEMENT
For good and valuable consideration, the LIVE RACING AGREEMENT (the “Agreement”) effective March 23, 1999 through January 1, 2004 by and among PENN NATIONAL TURF CLUB, INC., MOUNTAINVIEW THOROUGHBRED RACING ASSOCIATION, the PENNSYLVANIA HORSEMEN’S BENEVOLENT AND PROTECTIVE ASSOCIATION, INC., and all of its terms and conditions are hereby extended by the mutual consent of all parties through 11:59 p.m. on 5/31/04.
To indicate their acceptance of this extension of the Agreement, the duly authorized agents of the parties have executed below.
| PENNSYLVANIA NATIONAL TURF |
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| By: | /s/ Richard T. Schnaars |
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| Name: | Richard T. Schnaars |
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| Title: | Vice Pres./Gen. Mgr. |
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| Dated: | 3/30/04 |
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| MOUNTAINVIEW THOROUGHBRED |
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| By: | /s/ Richard T. Schnaars |
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| Name: | Richard T. Schnaars |
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| Title: | Vice Pres./Gen. Mgr. |
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| Dated: | 3/30/04 |
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| PENNSYLVANIA HORSEMEN’S |
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| By: | /s/ John J. Wanes |
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| Name: | John J. Wanes |
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| Title: | President |
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| Dated: | 3/30/04 |
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