Document:

Exhibit
10.3

 

EXECUTION COPY

 

 

 

ADMINISTRATION
AGREEMENT

among

HARLEY-DAVIDSON
MOTORCYCLE TRUST 2009-3,

as
Issuer,

HARLEY-DAVIDSON
CREDIT CORP.,

as
Administrator,

HARLEY-DAVIDSON
CUSTOMER FUNDING CORP.,

as
Trust Depositor,

and

THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

as
Indenture Trustee

 

Dated
as of October 1, 2009

 

 

 

TABLE OF CONTENTS

 

	
  SECTION 1.

  	
  DUTIES OF THE
  ADMINISTRATOR

  	
  1

  
	
  SECTION 2.

  	
  RECORDS

  	
  7

  
	
  SECTION 3.

  	
  COMPENSATION

  	
  7

  
	
  SECTION 4.

  	
  ADDITIONAL INFORMATION TO
  BE FURNISHED TO THE ISSUER

  	
  7

  
	
  SECTION 5.

  	
  INDEPENDENCE OF THE
  ADMINISTRATOR

  	
  7

  
	
  SECTION 6.

  	
  NO JOINT VENTURE

  	
  7

  
	
  SECTION 7.

  	
  OTHER ACTIVITIES OF
  ADMINISTRATOR

  	
  7

  
	
  SECTION 8.

  	
  TERM OF AGREEMENT;
  RESIGNATION AND REMOVAL OF ADMINISTRATOR

  	
  7

  
	
  SECTION 9.

  	
  ACTION UPON TERMINATION,
  RESIGNATION OR REMOVAL

  	
  8

  
	
  SECTION 10.

  	
  NOTICES

  	
  9

  
	
  SECTION 11.

  	
  AMENDMENTS

  	
  9

  
	
  SECTION 12.

  	
  SUCCESSORS AND ASSIGNS

  	
  9

  
	
  SECTION 13.

  	
  GOVERNING LAW

  	
  10

  
	
  SECTION 14.

  	
  HEADINGS

  	
  10

  
	
  SECTION 15.

  	
  COUNTERPARTS

  	
  10

  
	
  SECTION 16.

  	
  SEVERABILITY

  	
  10

  
	
  SECTION 17.

  	
  NOT APPLICABLE TO
  HARLEY-DAVIDSON IN OTHER CAPACITIES

  	
  10

  
	
  SECTION 18.

  	
  LIMITATION OF LIABILITY OF
  OWNER TRUSTEE AND INDENTURE TRUSTEE

  	
  10

  
	
  SECTION 19.

  	
  THIRD-PARTY BENEFICIARY

  	
  11

  
	
  SECTION 20.

  	
  SURVIVABILITY

  	
  11

  

 

 

This Administration
Agreement, dated as of October 1, 2009, among Harley-Davidson Motorcycle
Trust 2009-3 (the “Issuer”),
Harley-Davidson Credit Corp. (together with its successors and assigns “Harley-Davidson Credit”) in its capacity
as administrator, the “Administrator”),
Harley-Davidson Customer Funding Corp. (the “Trust
Depositor”) and The Bank of New York Mellon Trust Company, N.A., not
in its individual capacity but solely as Indenture Trustee (together with its
successors and assigns, the “Indenture
Trustee”).

 

W I T N E S S E T H:

 

WHEREAS, the Issuer is
issuing the Notes pursuant to the Indenture, dated as of the date hereof (the “Indenture”), between the Issuer and the
Indenture Trustee (capitalized terms used herein that are not otherwise defined
shall have the meanings ascribed thereto in the Indenture or the Sale and
Servicing Agreement);

 

WHEREAS, the Issuer has
entered into certain agreements in connection with the issuance of the Notes
including (i) a Sale and Servicing Agreement, dated as of the date hereof
(the “Sale and Servicing Agreement”),
among the Issuer, the Indenture Trustee, the Trust Depositor and
Harley-Davidson Credit, as servicer (in such capacity, the “Servicer”), and (ii) the Indenture
(collectively referred to hereinafter as the “Transaction
Documents”);

 

WHEREAS, pursuant to the
Transaction Documents, the Issuer and the Owner Trustee are required to perform
certain duties in connection with (i) the Notes and the collateral
therefor pledged pursuant to the Indenture (the “Collateral”) and (ii) the beneficial ownership
interest in the Issuer (the registered holder of such interest being referred
to herein as the “Owner”);

 

WHEREAS, the Issuer and the
Owner Trustee desire to have the Administrator perform certain of the duties of
the Issuer and the Owner Trustee referred to in the preceding clause and to
provide such additional services consistent with the terms of this Agreement
and the Transaction Documents as the Issuer and the Owner Trustee may from time
to time request; and

 

WHEREAS, the Administrator
has the capacity to provide the services required hereby and is willing to
perform such services for the Issuer and the Owner Trustee on the terms set
forth herein;

 

NOW, THEREAFTER, in
consideration of the mutual covenants contained herein, and other good and
valuable consideration, the receipt and adequacy of which are hereby
acknowledged, the parties hereto agree as follows:

 

Section 1.              Duties
of the Administrator.

 

(a)           Duties with respect to the Indenture.

 

 

(i)            The Administrator agrees to perform all its
duties as Administrator and the duties of the Issuer and the Owner Trustee
under the Transaction Documents.  In
addition, the Administrator shall consult with the Owner Trustee regarding the
duties of the Issuer or the Owner Trustee under the Indenture.  The Administrator shall monitor the
performance of the Issuer and shall advise the Owner Trustee when action is
necessary to comply with the respective duties of the Issuer and the Owner
Trustee under the Indenture.  The
Administrator shall prepare for execution by the Issuer or shall cause the
preparation by other appropriate persons of, all such documents, reports,
filings, instruments, certificates and opinions that it shall be the duty of
the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the
Indenture.  In furtherance of the
foregoing, the Administrator shall take all appropriate action that the Issuer
or the Owner Trustee is required to take pursuant to the Indenture including,
without limitation, such of the foregoing as are required with respect to the
following matters under the Indenture (references are to Sections of the
Indenture):

 

(A)          the duty to cause the Note Register to be kept and
to give the Indenture Trustee notice of any appointment of a new Note Registrar
and the location, or change in location, of the Note Register (Section 2.04);

 

(B)           the notification of Noteholders of the final
principal payment on their Notes (Section 2.07(b));

 

(C)           the fixing or causing to be fixed of any
special record date and the notification of the Indenture Trustee and
Noteholders with respect to special payment dates, if any (Section 2.07(c));

 

(D)          the preparation of or obtaining of the documents and
instruments required for execution and authentication of the Notes and delivery
of the same to the Indenture Trustee (Section 2.02);

 

(E)           the preparation, obtaining or filing of the
instruments, opinions and certificates and other documents required for the
release of Collateral (Section 2.12);

 

(F)           the maintenance of an office in the City of
Wilmington, Delaware, for registration of transfer or exchange of Notes (Section 3.02);

 

(G)           the duty to cause newly appointed Paying
Agents, if any, to deliver to the Indenture Trustee the instrument specified in
the Indenture regarding funds held in trust (Section 3.03);

 

(H)          the direction to the Indenture Trustee to deposit
monies with Paying Agents, if any, other than the Indenture Trustee (Section 3.03);

 

(I)            the obtaining and preservation of the Issuer’s
qualification to do business in each jurisdiction in which such qualification
is or shall be necessary to protect the validity and enforceability of the
Indenture, the Notes, the Collateral and each other instrument and agreement
included in the Collateral (Section 3.04);

 

2

 

(J)            the preparation of all supplements and
amendments to the Indenture and all financing statements, continuation
statements, instruments of further assurance and other instruments and the
taking of such other action as is necessary or advisable to protect the
Collateral other than as prepared by the Servicer (Section 3.05);

 

(K)          the delivery of the Opinion of Counsel on the
Closing Date and certain other statements as to compliance with the Indenture
(Sections 3.06 and 3.09);

 

(L)           the identification to the Indenture Trustee
in an Officer’s Certificate of a Person with whom the Issuer has contracted to
perform its duties under the Indenture (Section 3.07(b));

 

(M)         the notification of the Indenture Trustee and each
Rating Agency of an Event of Termination under the Sale and Servicing Agreement;

 

(N)          the duty to cause the Servicer to comply with Article Five
and Article Nine of the Sale and Servicing Agreement (Section 3.14);

 

(O)          the preparation and obtaining of documents and
instruments required for the release of the Issuer from its obligations under
the Indenture (Section 3.10(b) and Section 3.11(b));

 

(P)           the delivery of written notice to the
Indenture Trustee and each Rating Agency of each Event of Default under the
Indenture and each Event of Termination by the Servicer under the Sale and
Servicing Agreement (Section 3.18);

 

(Q)          the monitoring of the Issuer’s obligations as to the
satisfaction and discharge of the Indenture and the preparation of an Officer’s
Certificate and the obtaining of the Opinion of Counsel and the Independent
Certificate relating thereto (Section 4.01);

 

(R)           the compliance with any written directive of
the Indenture Trustee with respect to the sale of the Collateral in a
commercially reasonable manner if an Event of Default shall have occurred and
be continuing (Section 5.04);

 

(S)           the preparation and delivery of notice to
Noteholders of the removal of the Indenture Trustee and the appointment of a
successor Indenture Trustee (Section 6.08);

 

(T)           the preparation of any written instruments
required to confirm more fully the authority of any co-trustee or separate
trustee and any written instruments necessary in connection with the
resignation or removal of the Indenture Trustee or any co-trustee or separate
trustee (Sections 6.08 and 6.10);

 

(U)          the furnishing of the Indenture Trustee with the
names and addresses of Noteholders during any period when the Indenture Trustee
is not the Note Registrar (Section 7.01);

 

3

 

(V)           the opening of one or more accounts in the
Indenture Trustee’s name, the preparation and delivery of Issuer Orders,
Officer’s Certificates and Opinions of Counsel and all other actions necessary
with respect to investment and reinvestment of funds in the Trust Accounts
(Sections 8.02 and 8.03);

 

(W)         the preparation of an Issuer Request and Officer’s
Certificate and the obtaining of an Opinion of Counsel and Independent
Certificates, if necessary, for the release of the Collateral (Sections 8.04
and 8.05);

 

(X)          the preparation of Issuer Orders and the obtaining
of Opinions of Counsel with respect to the execution of supplemental indentures
and the mailing to the Noteholders of notices with respect to such supplemental
indentures (Sections 9.01, 9.02 and 9.03);

 

(Y)           the execution and delivery of new Notes conforming
to any supplemental indenture (Section 9.06);

 

(Z)           the duty to notify Noteholders of redemption
of the Notes or to cause the Indenture Trustee to provide such notification (Section 10.02);

 

(AA)       the preparation and delivery of all Officer’s
Certificates, Opinions of Counsel and Independent Certificates with respect to
any requests by the Issuer to the Indenture Trustee to take any action under
the Indenture (Section 11.01(a));

 

(BB)        the preparation and delivery of Officer’s
Certificates and the obtaining of Independent Certificates, if necessary, for
the release of property from the lien of the Indenture (Section 11.01(b));

 

(CC)        the notification of the Rating Agencies, upon the
failure of the Issuer, the Owner Trustee or the Indenture Trustee to provide
notification;

 

(DD)       the preparation and delivery to Noteholders and the
Indenture Trustee of any agreements with respect to alternate payment and
notice provisions (Section 11.06);

 

(EE)         the recording of the Indenture, if applicable (Section 11.14);
and

 

(FF)         the appointment of a successor Indenture Trustee.

 

(ii)           The Administrator will:

 

(A)          except as otherwise expressly provided in the
Indenture, pay the Indenture Trustee’s fees and reimburse the Indenture Trustee
upon its request for all reasonable expenses, disbursements and advances
incurred or made by the Indenture Trustee in accordance with any provision of
the Indenture (including the reasonable compensation, expenses and
disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence or bad faith;

 

4

 

(B)           indemnify the Indenture Trustee and its
agents for, and hold them harmless against, any loss, liability or expense
incurred without negligence or bad faith on their part, arising out of or in
connection with the acceptance or administration of the transactions
contemplated by the Indenture, including the reasonable costs and expenses of
defending themselves against any claim or liability in connection with the
exercise or performance of any of their powers or duties under the Indenture;
and

 

(C)           indemnify the Owner Trustee and its agents
for, and hold them harmless against, any loss, liability or expense incurred
without negligence or bad faith on their part, arising out of or in connection
with the acceptance or administration of the transactions contemplated by the
Trust Agreement, including the reasonable costs and expenses of defending
themselves against any claim or liability in connection with the exercise or
performance of any of their powers or duties under the Trust Agreement.

 

(b)           Additional Duties.

 

(i)            In addition to the duties set forth in Section 1(a)(i),
the Administrator (A) shall perform such calculations and shall prepare or
shall cause the preparation by other appropriate persons of, and shall execute
on behalf of the Issuer or the Owner Trustee, all such documents, reports,
filings, instruments, certificates and opinions that the Issuer or the Owner
Trustee are required to prepare, file or deliver pursuant to the Transaction
Documents or under Section 5.03 of the Trust Agreement, (B) shall
execute and deliver on behalf of the Trust one or more certifications as to
TALF eligibility, one or more indemnity undertakings and other documents,
certificates, notices, press releases, agreements and instruments contemplated
thereby or related thereto or otherwise necessary or incidental to qualifying
the Class A Notes as “eligible collateral” under the Federal Reserve Bank
of New York’s Term Asset-Backed Securities Loan Facility and (C) at the
request of the Owner Trustee shall take all appropriate action that the Issuer
or the Owner Trustee are required to take pursuant to the Transaction
Documents.  In furtherance thereof, the Owner
Trustee shall, on behalf of the Issuer, execute and deliver to the
Administrator and to each successor Administrator appointed pursuant to the
terms hereof, one or more powers of attorney substantially in the form of Exhibit A hereto, appointing the Administrator
the attorney-in-fact of the Issuer for the purpose of executing on behalf of
the Owner Trustee and the Issuer all such documents, reports, filings,
instruments, certificates and opinions. 
Subject to Section 5, and in accordance with the directions of the
Issuer, the Administrator shall administer, perform or supervise the
performance of such other activities in connection with the Collateral
(including the Transaction Documents) as are not covered by any of the
foregoing provisions and as are expressly requested by the Issuer and are
reasonably within the capability of the Administrator.

 

(ii)           Notwithstanding anything in this Agreement or
the Transaction Documents to the contrary, the Administrator shall be
responsible for promptly notifying the Owner Trustee in the event that any
withholding tax is imposed on the Trust’s payments (or allocations of income)
to a Certificateholder as contemplated in Section 5.01(d) of the
Trust Agreement.  Any such notice shall
specify the amount of any withholding tax required to be withheld by the Owner
Trustee pursuant to such provision.

 

5

 

(iii)          Notwithstanding anything in this Agreement or the
Transaction Documents to the contrary, the Administrator shall be responsible
for performance of the duties of the Owner Trustee set forth in Section 5.03(a),
(b), (c) and (d), the penultimate sentence of Section 5.03 and Section 5.04(a) of
the Trust Agreement with respect to, among other things, accounting and reports
to the Certificateholders; provided, however,
that the Owner Trustee shall retain responsibility for the distribution of
information forms necessary to enable each Certificateholder to prepare its
federal and state income tax returns.

 

(iv)          If the sole Certificateholder is not the
Administrator or any of its Affiliates, the Administrator shall satisfy its
obligations with respect to clauses (ii) and (iii) above by
retaining, at the expense of the Trust payable by the Administrator, a firm of
independent public accountants (the “Accountants”)
acceptable to the Owner Trustee, which shall perform the obligations of the
Administrator thereunder.

 

(v)           The Administrator shall perform the duties of
the Administrator specified in Section 10.02 of the Trust Agreement required
to be performed in connection with the resignation or removal of the Owner
Trustee, and any other duties expressly required to be performed by the
Administrator under the Trust Agreement.

 

(vi)          In carrying out the foregoing duties or any of its
other obligations under this Agreement, the Administrator may enter into
transactions or otherwise deal with any of its Affiliates; provided, however, that the terms of any
such transactions or dealings shall be in accordance with any directions
received from the Issuer and shall be, in the Administrator’s opinion, no less
favorable to the Issuer than would be available from unaffiliated parties.

 

(c)           Non-Ministerial Matters.

 

(i)            With respect to matters that in the
reasonable judgment of the Administrator are non-ministerial, the Administrator
shall not take any action unless within a reasonable time before the taking of
such action, the Administrator shall have notified the Owner Trustee of the
proposed action and the Owner Trustee shall not have withheld consent or
provided an alternative direction.  For
the purpose of the preceding sentence, “non-ministerial
matters” shall include, without limitation:

 

(A)          the amendment of or any supplement to the Indenture;

 

(B)           the initiation of any claim or lawsuit by the
Issuer and the compromise of any action, claim or lawsuit brought by or against
the Issuer (other than in connection with the collection of the Contracts);

 

(C)           the amendment, change or modification of any
other Transaction Documents;

 

(D)          the appointment of successor Note Registrars,
successor Paying Agents and successor Indenture Trustees pursuant to the
Indenture or the appointment of successor Administrators or a successor
Servicer, or the consent to the assignment by the Note Registrar, Paying Agent or
Indenture Trustee of its obligations under the Indenture; and

 

6

 

(E)           the removal of the Indenture Trustee.

 

(ii)           Notwithstanding anything to the contrary in
this Agreement, the Administrator shall not be obligated to, and shall not, (A) make
any payments to the Noteholders under the Transaction Documents, (B) sell
the Collateral pursuant to clause (iv) of Section 5.04 of the
Indenture, (C) take any other action that the Issuer directs the
Administrator not to take on its behalf or (D) take any other action which
may be construed as having the effect of varying the investment of the Holders.

 

Section 2.              Records.   The Administrator shall maintain appropriate
books of account and records relating to services performed hereunder, which
books of account and records shall be accessible for inspection by the Issuer
and the Owner Trustee at any time during normal business hours.

 

Section 3.              Compensation.  As compensation for the performance of the
Administrator’s obligations under this Agreement and as reimbursement for its
expenses related thereto, the Administrator shall be entitled to a monthly fee
which shall be solely an obligation of the Trust Depositor and shall be in an
amount as shall be agreeable to the Trust Depositor and the Administrator.

 

Section 4.              Additional
Information to be Furnished to the Issuer.  The Administrator shall furnish to the Issuer
from time to time such additional information regarding the Collateral as the
Issuer shall reasonably request.

 

Section 5.              Independence
of the Administrator.  For
all purposes of this Agreement, the Administrator shall be an independent
contractor and shall not be subject to the supervision of the Issuer or the
Owner Trustee with respect to the manner in which it accomplishes the
performance of its obligations hereunder. 
Unless expressly authorized by the Issuer, the Administrator shall have
no authority to act for or represent the Issuer or the Owner Trustee in any way
and shall not otherwise be deemed an agent of the Issuer or the Owner Trustee.

 

Section 6.              No Joint
Venture.  Nothing
contained in this Agreement (i) shall constitute the Administrator and
either of the Issuer or the Owner Trustee as members of any partnership, joint
venture, association, syndicate, unincorporated business or other separate
entity, (ii) shall be construed to impose any liability as such on any of
them or (iii) shall be deemed to confer on any of them any express,
implied or apparent authority to incur any obligation or liability on behalf of
the others.

 

Section 7.              Other
Activities of Administrator.  Nothing herein shall prevent the
Administrator or its Affiliates from engaging in other business or, in its sole
discretion, from acting in a similar capacity as an administrator for any other
Person or entity even though such person or entity may engage in business
activities similar to those of the Issuer, the Owner Trustee or the Indenture
Trustee.

 

Section 8.              Term of
Agreement; Resignation and Removal of Administrator.  This Agreement shall continue in force until
the termination of the Issuer, upon which event this Agreement shall
automatically terminate.

 

(a)           Subject to Section 8(d) and Section 8(e),
the Administrator may resign its duties hereunder by providing the Issuer with
at least 60 days’ prior written notice.

 

7

 

(b)           Subject to Section 8(d) and
Section 8(e), the Issuer may remove the Administrator without cause by
providing the Administrator with at least 60 days’ prior written notice.

 

(c)           Subject to Section 8(d) and
Section 8(e), at the sole option of the Issuer, the Administrator may be
removed immediately upon written notice of termination from the Issuer to the
Administrator if any of the following events shall occur:

 

(i)            the
Administrator shall default in the performance of any of its duties under this
Agreement and, after notice of such default, shall not cure such default within
ten days (or, if such default cannot be cured in such time, shall not give
within ten days such assurance of cure as shall be reasonably satisfactory to
the Issuer);

 

(ii)           a court having
jurisdiction in the premises shall enter a decree or order for relief, and such
decree or order shall not have been vacated within 60 days, in respect of the
Administrator in any involuntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect or appoint a
receiver, liquidator, assignee, custodian, trustee, sequestrator or similar
official for the Administrator or any substantial part of its property or order
the winding-up or liquidation of its affairs; or

 

(iii)          the
Administrator shall commence a voluntary case under any applicable bankruptcy,
insolvency or other similar law now or hereafter in effect, shall consent to
the entry of an order for relief in an involuntary case under any such law, or
shall consent to the appointment of a receiver, liquidator, assignee, trustee,
custodian, sequestrator or similar official for the Administrator or any
substantial part of its property, shall consent to the taking of possession by
any such official of any substantial part of its property, shall make any
general assignment for the benefit of creditors or shall fail generally to pay
its debts as they become due.

 

The Administrator agrees
that if any of the events specified in clauses (ii) or (iii) above
shall occur, it shall give written notice thereof to the Issuer and the
Indenture Trustee within seven days after the occurrence of such event.

 

(d)           No resignation
or removal of the Administrator pursuant to this Section shall be
effective until (i) a successor Administrator shall have been appointed by
the Issuer and (ii) such successor Administrator shall have agreed in
writing to be bound by the terms of this Agreement in the same manner as the
Administrator is bound hereunder.

 

(e)           The appointment
of any successor Administrator shall be effective only after the satisfaction
of the Rating Agency Condition with respect to the proposed appointment.

 

(f)            Subject to Section 8(d) and
8(e), the Administrator acknowledges that upon the appointment of a Successor
Servicer pursuant to the Sale and Servicing Agreement, the Administrator shall
immediately resign and such Successor Servicer shall automatically become the
Administrator under this Agreement.

 

Section 9.              Action
upon Termination, Resignation or Removal. 
Promptly upon the effective date of termination of this Agreement
pursuant to Section 8 or the resignation or removal of the

 

8

 

Administrator pursuant to Section 8(a),
(b) or (c) respectively, the Administrator shall be entitled to be
paid all fees and reimbursable expenses accruing to it to the date of such
termination, resignation or removal.  The
Administrator shall forthwith upon such termination pursuant to Section 8
deliver to the Issuer all property and documents of or relating to the
Collateral then in the custody of the Administrator.  In the event of the resignation or removal of
the Administrator pursuant to Section (a), (b) or (c), respectively,
the Administrator shall cooperate with the Issuer and take all reasonable steps
requested to assist the Issuer in making an orderly transfer of the duties of
the Administrator.

 

Section 10.            Notices.   All notices, demands, certificates, requests
and communications hereunder (“notices”) shall be in writing and shall be effective
(a) upon receipt when sent through the U.S. mails, registered or certified
mail, return receipt requested, postage prepaid, with such receipt to be
effective the date of delivery indicated on the return receipt, or (b) one
Business Day after delivery to an overnight courier, or (c) on the date
personally delivered to an Authorized Officer of the party to which sent, or (d) on
the date transmitted by legible telecopier transmission with a confirmation of
receipt, in all cases addressed to the recipient at the address for such
recipient set forth in the Sale and Servicing Agreement.

 

Each party hereto may, by
notice given in accordance herewith to each of the other parties hereto,
designate any further or different address to which subsequent notices shall be
sent.

 

Section 11.            Amendments.  This Agreement may be amended from time to
time by a written amendment duly executed and delivered by the parties hereto,
with the written consent of the Owner Trustee but without the consent of the
Noteholders or the Certificateholders, for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this
Agreement or of modifying in any manner the rights of the Noteholders or the
Certificateholders; provided that such amendment will not, in the Opinion of
Counsel satisfactory to the Indenture Trustee, materially and adversely affect
the interest of any Noteholder or Certificateholder.  This Agreement may also be amended by the
parties hereto with the written consent of the Owner Trustee, the Required
Holders and the Holders of the Certificates evidencing a majority of the
outstanding Certificate Balance of the Certificates for the purpose of adding
any provisions to or changing in any manner or eliminating any of the provisions
of this Agreement or of modifying in any manner the rights of Noteholders
and/or the Certificateholders; provided,
however, that no such amendment may (i) increase or reduce in
any manner the amount of, or accelerate or delay the timing of, collections of
payments on the Contracts or distributions that are required to be made for the
benefit of the Noteholders or the Certificateholders, as the case may be, or (ii) reduce
the aforesaid percentage of the holders of Notes or Certificates, as
applicable, which are required to consent to any such amendment, without the
consent of the holders of all outstanding Notes or the consent of the holders
of all outstanding Certificates, as applicable. 
Notwithstanding the foregoing, the Administrator may not amend this
Agreement without the permission of the Trust Depositor, which permission shall
not be unreasonably withheld.

 

Section 12.            Successors
and Assigns.  This Agreement
may not be assigned by the Administrator unless such assignment is previously
consented to in writing by the Issuer, the Indenture Trustee and the Owner
Trustee and subject to the satisfaction of the Rating Agency Condition in
respect thereof.  An assignment with such
consent and satisfaction, if accepted by the assignee, shall bind the assignee
hereunder in the same manner as the Administrator is bound hereunder.  Notwithstanding the

 

9

 

foregoing, this Agreement
may be assigned by the Administrator without the consent of the Issuer or the
Owner Trustee to a corporation or other organization that is a successor (by
merger, consolidation or purchase of assets) to the Administrator; provided
that such successor organization executes and delivers to the Issuer, the Owner
Trustee and the Indenture Trustee an agreement, in form and substance
reasonably satisfactory to the Owner Trustee and the Indenture Trustee, in
which such corporation or other organization agrees to be bound hereunder by
the terms of said assignment in the same manner as the Administrator is bound
hereunder.  Subject to the foregoing,
this Agreement shall bind any successors or assigns of the parties hereto.

 

Section 13.            Governing
Law.  THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS, WITHOUT REFERENCE
TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF
THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

 

Section 14.            Headings.  The section and subsection headings hereof
have been inserted for convenience of reference only and shall not be construed
to affect the meaning, construction or effect of this Agreement.

 

Section 15.            Counterparts.  This Agreement may be executed in several
counterparts, each of which shall be an original and all of which shall constitute
but one and the same agreement.

 

Section 16.            Severability.  Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall be ineffective to the
extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof and any such prohibition or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

 

Section 17.            Not
Applicable to Harley-Davidson Credit in Other Capacities.  Nothing in this Agreement shall affect any
obligation Harley-Davidson Credit may have in any other capacity.

 

Section 18.            Limitation
of Liability of Owner Trustee and Indenture Trustee.

 

(a)           Notwithstanding
anything contained herein to the contrary, this instrument has been
countersigned by Wilmington Trust Company not in its individual capacity but
solely in its capacity as Owner Trustee of the Issuer and in no event shall
Wilmington Trust Company in its individual capacity or any beneficial owner of the
Issuer have any liability for the representations, warranties, covenants,
agreements or other obligations of the Issuer hereunder, as to all of which
recourse shall be had solely to the assets of the Issuer.  For all purposes of this Agreement, in the performance
of any duties or obligations of the Issuer hereunder, the Owner Trustee shall
be subject to, and entitled to the benefits of, the terms and provisions of
Articles Six, Seven and Eight of the Trust Agreement.

 

(b)           Notwithstanding
anything contained herein to the contrary, this Agreement has been
countersigned by The Bank of New York Mellon Trust Company, N.A. not in its
individual capacity but solely as Indenture Trustee and in no event shall The
Bank of New York Mellon Trust Company, N.A. have any liability for the
representations, warranties, covenants, agreements or other obligations of the
Issuer hereunder or in any of the certificates, notices or agreements delivered
pursuant hereto, as to all of which recourse shall be had solely to the assets
of the Issuer.

 

10

 

Section 19.            Third-party
Beneficiary.  The Owner
Trustee is a third-party beneficiary to this Agreement and is entitled to the
rights and benefits hereunder and may enforce the provisions hereof as if it
were a party hereto.

 

Section 20.            Survivability.  The obligations of the Administrator
described in Section 1(a)(ii) hereof shall survive termination of
this Agreement.

 

[signature
page follows]

 

11

 

IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed and delivered as
of the day and year first above written.

 

	
   

  	
   

  	
  HARLEY-DAVIDSON MOTORCYCLE
  TRUST 2009-3

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  Wilmington Trust Company,
  not in its individual capacity but solely as Owner Trustee

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  J. Christopher Murphy

  
	
   

  	
   

  	
   

  	
  Printed
  Name: J. Christopher Murphy

  
	
   

  	
   

  	
   

  	
  Title:
  Financial Services Officer

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  HARLEY-DAVIDSON CUSTOMER
  FUNDING  CORP., as Trust Depositor 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Perry A. Glassgow

  
	
   

  	
   

  	
   

  	
  Printed
  Name: Perry A. Glassgow

  
	
   

  	
   

  	
   

  	
  Title:
  Vice President, Treasurer and Assistant Secretary

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE BANK OF NEW YORK
  MELLON TRUST  COMPANY, N.A., not in its
  individual capacity  but solely as Indenture
  Trustee 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  David H. Hill

  
	
   

  	
   

  	
   

  	
  Printed
  Name: David H. Hill

  
	
   

  	
   

  	
   

  	
  Title:
  Assistant Vice President

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  HARLEY-DAVIDSON CREDIT
  CORP.,  as Administrator 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Perry A. Glassgow

  
	
   

  	
   

  	
   

  	
  Printed
  Name: Perry A. Glassgow

  
	
   

  	
   

  	
   

  	
  Title:
  Vice President, Treasurer  and Assistant Secretary 

  

 

 

Signature
Page to Administration Agreement

 

 

LIMITED POWER OF ATTORNEY

 

	
  State of Illinois

  	
  )

  
	
   

  	
  ) SS.

  
	
  County of Cook

  	
  )

  

 

KNOW ALL PERSONS BY THESE
PRESENTS, that Wilmington Trust Company, a Delaware banking corporation (the “Owner Trustee”), whose principal
executive office is located at Wilmington Trust Company, 1100 North Market
Street, Wilmington, Delaware Attention: 
Trust Administration, by and through its duly elected and authorized
officer, J. Christopher Murphy, a Financial Services Officer, on behalf of
itself and of Harley-Davidson Motorcycle Trust 2009-3 (the “Trust”) as Issuer under the
Administration Agreement, dated as of October 1, 2009 (the “Administration Agreement”), among the
Trust, Harley-Davidson Customer Funding Corp., The Bank of New York Mellon
Trust Company, N.A., as Indenture Trustee, and Harley-Davidson Credit Corp., as
Administrator, does hereby nominate, constitute and appoint Harley-Davidson
Credit Corp., a Nevada corporation, each of its officers from time to time and
each of its employees authorized by it from time to time to act hereunder,
jointly and each of them severally, together or acting alone, its true and
lawful attorney-in-fact, for the Owner Trustee and the Issuer in their name,
place and stead, in the sole discretion of such attorney-in-fact, to perform
such calculations and prepare or cause the preparation by other appropriate
persons of, and to execute on behalf of the Issuer or the Owner Trustee, all
such documents, reports, filings, instruments, certificates and opinions that
the Issuer or the Owner Trustee is required to prepare, file or deliver
pursuant to the Administration Agreement, and to take any and all other action,
as such attorney-in-fact may deem necessary or desirable in accordance with the
directions of the Owner Trustee and in connection with its duties as
Administrator or successor Administrator under the Administration
Agreement.  Capitalized terms used herein
that are not otherwise defined shall have the meanings ascribed thereto in the
Administration Agreement.

 

The Owner Trustee hereby
ratifies and confirms the execution, delivery and performance (whether before
or after the date hereof) of the above-mentioned documents, reports, filings,
instruments, certificates and opinions, by the attorney-in-fact and all that
the attorney-in-fact shall lawfully do or cause to be done by virtue hereof.

 

The Owner Trustee hereby
agrees that no person or other entity dealing with the attorney-in-fact shall
be bound to inquire into such attorney-in-fact’s power and authority hereunder
and any such person or entity shall be fully protected in relying on such power
of authority.

 

This Limited Power of
Attorney may not be assigned without the prior written consent of the Owner
Trustee.  It is effective immediately and
will continue until it is revoked.

 

 

This Limited Power of
Attorney shall be governed and construed in accordance with the laws of the
State of Illinois without reference to principles of conflicts of law.

 

Executed as of this 1st day
of October, 2009.

 

 

	
   

  	
   

  	
  Wilmington
  Trust Company, not in its individual capacity but solely as Owner Trustee

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ J. Christopher Murphy

  
	
   

  	
   

  	
   

  	
  Printed Name:

  	
  J. Christopher Murphy

  
	
   

  	
   

  	
   

  	
  Title:

  	
  Financial Services Officer

  
						

 

 

CERTIFICATE OF ACKNOWLEDGMENT OF

NOTARY PUBLIC

 

	
  State of Delaware

  	
  )

  
	
   

  	
  ) SS.

  
	
  County of New Castle

  	
  )

  

 

	
  On October 6, 2009
  before me,

  	
  Amanda E. Gamble

  	
   

  

[Insert name and title of
notary]

	
  personally appeared J.
  Christopher Murphy.

  

 

XXX       personally
known to me, or

 

o            proved to me on
the basis of satisfactory evidence to be the person(s) whose name(s) is/are

 

subscribed to the within
instrument and acknowledged to me that he/she/they executed the same in
his/her/their authorized capacity(ties), and that by his/her/their signature(s) on
the instrument the person(s), or the entity upon behalf of which person(s) acted,
executed the instrument.

 

	
   

  	
   

  	
  WITNESS
  my hand and official seal.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Signature:

  	
  /s/ Amanda E. Gamble

  	
   

  
	
   

  	
   

  	
  Notary
  Public, State of Delaware

  
	
   

  	
   

  	
  My
  Commission Expires May 15, 2011

  	
  [SEAL]Exhibit 10.1

 

SEVENTH AMENDMENT

TO FIFTH AMENDED AND RESTATED CREDIT AGREEMENT

 

This SEVENTH AMENDMENT TO FIFTH AMENDED AND RESTATED
CREDIT AGREEMENT (this “Seventh Amendment”), dated as of October 13,
2009, is entered into by and among: (A) MTR GAMING GROUP, INC., a Delaware
corporation (“MTRI”), MOUNTAINEER PARK, INC., a West Virginia
corporation (“MPI”), PRESQUE ISLE DOWNS, INC., a Pennsylvania
corporation (“PIDI”), and SCIOTO DOWNS, INC., an Ohio corporation (“SDI”
and together with MTRI, MPI, and PIDI, each, a “Borrower” and
collectively, the “Borrowers”); (B) Lenders constituting the
Requisite Lenders; and (C) WELLS FARGO BANK, NATIONAL ASSOCIATION, as
administrative agent and collateral agent for the Lenders under the Credit
Agreement, the Swingline Lender and the L/C Issuer (in such capacity, the “Agent
Bank”).  Capitalized terms used
herein and not otherwise defined herein shall have the meanings given to them
in the Credit Agreement defined below.

 

RECITALS

 

A.            Borrowers, the Agent Bank and the Lenders have previously
entered into that certain Fifth Amended and Restated Credit Agreement, dated as
of September 22, 2006, as amended by that certain First Amendment to Fifth
Amended and Restated Credit Agreement dated as of June 19, 2007, as
further amended by that certain Limited Waiver and Second Amendment to Fifth
Amended and Restated Credit Agreement dated as of March 31, 2008, as
further amended by that certain Third Amendment to Fifth Amended and Restated
Credit Agreement dated as of May 9, 2008, as further amended by that
certain Fourth Amendment to Fifth Amended and Restated Credit Agreement dated
as of December 19, 2008, as further amended by that certain Limited
Consent and Fifth Amendment to Fifth Amended and Restated Credit Agreement
dated as of July 15, 2009 and as further amended by that certain Sixth
Amendment to Fifth Amended and Restated Credit Agreement dated as of August 12,
2009 (collectively, the “Existing Credit Agreement” and as the same may
be further amended, restated, supplemented or otherwise modified and in effect
from time to time, including, but not limited to, by this Seventh Amendment,
the “Credit Agreement”), by and among Borrowers, the Lenders, and Wells
Fargo Bank, National Association, as Agent Bank, L/C Issuer and Swingline
Lender.

 

B.            Borrowers
have requested certain amendments to the Existing Credit Agreement as set forth
below.

 

C.            The Agent Bank and Lenders
constituting at least Requisite Lenders are willing to grant such requests on
the terms and subject to the conditions set forth in this Seventh Amendment.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing, the
mutual covenants and agreements set forth below and other good and valuable
consideration, the receipt and adequacy 

 

1

 

of which are hereby acknowledged, the parties hereby
agree, except as otherwise set forth herein, as of the Seventh Amendment
Effective Date (as defined in Section 2 below) as follows:

 

SECTION 1.                       Amendments.  On the terms
and subject to the conditions of this Seventh Amendment (including the
satisfaction of the conditions precedent set forth in Section 2
below), the Existing Credit Agreement is hereby amended as follows:

 

(a)                                  Definition of
“Aggregate Commitment”.

 

(i)            As
of the Seventh Amendment Effective Date, the definition of “Aggregate
Commitment” in Section 1.01 of the Existing Credit Agreement is
hereby amended and restated in its entirety as follows:

 

“Aggregate Commitment” shall mean reference to
the aggregate amount committed by Lenders for advance to or on behalf of the
Borrowers as Borrowings under the Credit Facility in the principal amount of
Ten Million Dollars ($10,000,000.00), as may be reduced from time to time by: (i) the
Scheduled Reductions, (ii) Voluntary Permanent Reductions, and/or (iii) Mandatory
Commitment Reductions.

 

(ii)           The
Borrowers acknowledge and agree that the Aggregate Commitment Reduction
Schedule is not affected by the reduction in the Aggregate Commitment resulting
from the amendment set forth above.

 

(b)                                 Definition of “Permitted
Second Lien Indebtedness”. 
As of the Seventh Amendment Effective Date, the definition of “Permitted
Second Lien Indebtedness” in Section 1.01 of the Existing Credit
Agreement is hereby amended and restated in its entirety as follows:

 

“Permitted Second Lien Indebtedness” shall mean
Indebtedness owing by the Borrower Consolidation incurred pursuant to the
Senior Secured Indenture.

 

(c)                                  Definition of “Senior
Secured Indenture”. 
As of the Seventh Amendment Effective Date, the definition of “Senior
Secured Indenture” in Section 1.01 of the Existing Credit Agreement
is hereby amended and restated in its entirety as follows:

 

“Senior Secured Indenture” shall mean that
certain Indenture, dated as of the Fifth Amendment Effective Date, by and among
MTRI, as issue, the guarantors party thereto, and Wilmington Trust Company, as
trustee and as collateral agent.

 

(d)                                 Definition of “Senior
Secured Notes”. 
As of the Seventh Amendment Effective Date, the definition of “Senior
Secured Notes” in Section 1.01 of the Existing Credit Agreement is
hereby amended and restated in its entirety as follows:

 

“Senior Secured Notes” shall mean the senior
secured notes due 2014 in an aggregate principal amount of $260,000,000 issued
pursuant to the Senior Secured Indenture.

 

(e)                                  Section 5.08(e)/Compliance
Certificate.  As of the Seventh 

 

2

 

Amendment Effective Date, Section 5.08(e) of the
Existing Credit Agreement is hereby amended by replacing the phrases (i) “Senior
Unsecured Notes” with “Senior Secured Notes” and  (ii) “Senior Unsecured Indenture” with “Senior
Secured Indenture” therein.

 

(f)                                    Section 6.05(c)/Permitted Second
Lien Indebtedness.  As of the Seventh Amendment Effective Date, Section 6.05(c) of
the Existing Credit Agreement is hereby amended and restated in its entirety as
follows:

 

“c.                                 So long as the Second Lien Intercreditor
Agreement is in full force and effect, Permitted Second Lien Indebtedness up to
an aggregate principal amount not exceeding Two Hundred Sixty Million Dollars
($260,000,000) less any repayments of principal or redemptions thereof;”

 

(g)                                 Replacement Exhibit/Compliance
Certificate.  As of the Seventh Amendment Effective
Date, the Exhibit D of the Existing Credit Agreement is hereby
amended and restated in its entirety with Exhibit D attached
hereto.

 

SECTION 2.                       Conditions Precedent to
the Effectiveness of this Seventh Amendment.  The amendments
contained in Section 1 above are conditioned upon satisfaction of
the following conditions (the first date on which all of the following
conditions have been satisfied being referred to herein as the “Seventh
Amendment Effective Date”):

 

(a)                                  Due execution and delivery by Borrowers
and Lenders constituting the Requisite Lenders of this Seventh Amendment;

 

(b)                                 The Agent Bank shall have received, on
behalf of the Lenders: (i) an amendment to each mortgage, deed of trust
and real property security document in form and substance satisfactory to the
Agent Bank and (ii) such endorsements as the Agent Bank may require in
connection with each existing title policy (or in lieu of such endorsements, an
agreement from the title company to issue such endorsements promptly after the
Seventh Amendment Effective Date);

 

(c)                                  The representations and warranties in
this Seventh Amendment shall be true and correct as of the Seventh Amendment
Effective Date; and

 

(d)                                 The Borrowers shall have paid all fees
and expenses payable to the Agent Bank and the Lenders to be paid on or prior
to the Seventh Amendment Effective Date.

 

SECTION 3.                       Representations and
Warranties.  In order to induce the Agent Bank and the
Lenders to enter into this Seventh Amendment and to amend the Existing Credit
Agreement in the manner provided in this Seventh Amendment, Borrowers represent
and warrant to the Agent Bank and each Lender as follows:

 

(a)                                  Power and Authority. 
Borrowers have all requisite corporate power and authority to enter into
this Seventh Amendment and to carry out the transactions contemplated by, and
perform their obligations under, the Credit Agreement.

 

3

 

(b)                                 Authorization of Agreements. 
The execution and delivery of this Seventh Amendment by Borrowers and
the performance of the Credit Agreement by Borrowers has been duly authorized
by all necessary action, and this Seventh Amendment has been duly executed and
delivered by Borrowers.

 

(c)                                  Enforceability. 
This Seventh Amendment constitutes the legal, valid and binding
obligation of each Borrower enforceable against such Borrower in accordance
with its terms, except as may be limited by bankruptcy, insolvency, other
similar laws affecting the enforcement of creditors’ rights in general or
general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law).

 

(d)                                 No Conflict. 
The execution and delivery by Borrowers of this Seventh Amendment and
the performance by Borrowers of each of this Seventh Amendment and the Credit
Agreement do not and will not (i) violate any law, rule, regulation,
order, writ, injunction or decree of any court or Governmental Authority to
which Borrowers are subject, (ii) violate any provision of, or result in
the breach or the acceleration of, or entitle any other Person to accelerate
any indenture, evidence of indebtedness, loan or financing agreement, or other
agreement or instrument to which any Borrower is bound or (iii) result in
the creation or imposition of any lien, charge, or encumbrance of any nature
whatsoever upon any of their respective property or assets.

 

(e)                                  Governmental Consents. 
No authorization or approval or other action by, and no notice to or
filing with, any Governmental Authority is required for the due execution,
delivery and performance by Borrowers of this Seventh Amendment.

 

SECTION 4.                       Miscellaneous.

 

(a)                                  Reference to and Effect Upon the Existing
Credit Agreement and other Loan Documents.

 

(i)            Except
as specifically amended by this Seventh Amendment and the documents executed
and delivered in connection herewith, the Existing Credit Agreement and each
other Loan Document shall remain in full force and effect and each is hereby
ratified and confirmed by the Borrower. 
Without limiting the foregoing, the Liens granted pursuant to the Security
Documents shall continue in full force and effect.

 

(ii)           Each
reference in the Existing Credit Agreement to “this Credit Agreement”, “hereunder”,
“hereof”, “herein” or any other word or words of similar import shall mean and
be a reference to the Credit Agreement as amended hereby, and each reference in
any other Loan Document to the Existing Credit Agreement or any word or words
of similar import shall be and mean a reference to the Credit Agreement as
amended hereby.

 

(iii)          The
execution and delivery of this Seventh Amendment and performance of the Credit
Agreement shall not, except as expressly provided herein, constitute a waiver
of any provision of, or operate as a waiver of any right, power or remedy of
the Agent Bank or the Lenders under the Existing Credit Agreement or any of the
other Loan Documents.

 

4

 

(iv)          If
there is any conflict between the terms and provisions of this Seventh
Amendment and the terms and provisions of the Existing Credit Agreement or any
other Loan Document, the terms and provisions of this Seventh Amendment shall
govern.

 

(b)                                 Expenses.  Borrowers
acknowledge that all costs and expenses of the Agent Bank incurred in
connection with this Seventh Amendment and the related Loan Documents will be
paid in accordance with Section 10.20 of the Credit Agreement.

 

(c)                                  Headings.  Section and
subsection headings in this Seventh Amendment are included for convenience of
reference only and shall not constitute a part of this Seventh Amendment for
any other purpose or be given any substantive effect.

 

(d)                                 Counterparts. 
This Seventh Amendment may be executed in one or more counterparts, each
of which shall be deemed an original but all of which together shall constitute
one and the same instrument. 
Transmission by telecopier or electronic mail of an executed counterpart
of this Seventh Amendment shall be deemed to constitute due and sufficient
delivery of such counterpart.

 

(e)                                  Governing Law. 
This Seventh Amendment shall be governed by and construed according to
the laws of the State of Nevada without reference to conflicts of law
rules.  The scope of the foregoing
governing law provision is intended to be all-encompassing of any and all
disputes that may be brought in any court or any mediation or arbitration
proceeding and that relate to the subject matter of this Seventh Amendment,
including contract claims, tort claims, breach of duty claims and all other
common law and statutory claims.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

5

 

IN WITNESS WHEREOF, the
parties hereto have duly executed this Seventh Amendment as of the date first
above written.

 

	
   

  	
  BORROWERS:

  
	
   

  	
   

  	
   

  
	
   

  	
  MTR
  GAMING GROUP, INC.,

  
	
   

  	
  a
  Delaware corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Robert F. Griffin

  
	
   

  	
  Name:

  	
  Robert
  F. Griffin

  
	
   

  	
  Title:

  	
  President
  & CEO

  
	
   

  	
   

  	
   

  
	
   

  	
  MOUNTAINEER
  PARK, INC.,

  
	
   

  	
  a
  West Virginia corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Robert F. Griffin

  
	
   

  	
  Name:

  	
  Robert
  F. Griffin

  
	
   

  	
  Title:

  	
  President
  & CEO

  
	
   

  	
   

  	
   

  
	
   

  	
  PRESQUE
  ISLE DOWNS, INC.,

  
	
   

  	
  a
  Pennsylvania corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John W. Bittner, Jr.

  
	
   

  	
  Name:

  	
  John
  W. Bittner Jr.

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
  SCIOTO
  DOWNS, INC.,

  
	
   

  	
  an
  Ohio Corporation

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  John W. Bittner, Jr.

  
	
   

  	
  Name:

  	
  John
  W. Bittner Jr.

  
	
   

  	
  Title:

  	
  Chief
  Financial Officer

  

 

 

	
   

  	
  BANKS

  
	
   

  	
   

  	
   

  
	
   

  	
  WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent Bank, Lender,
  Swingline Lender and L/C Issuer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Ryan Edde

  
	
   

  	
  Name:

  	
  Ryan
  Edde

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

	
   

  	
  NATIONAL
  CITY BANK, successor by merger to NATIONAL CITY BANK OF PENNSYLVANIA, Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Emil Kwaczala

  
	
   

  	
  Name:

  	
  Emil
  Kwaczala

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

	
   

  	
  CIT
  LENDING SERVICES CORPORATION, Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Anthony Holland

  
	
   

  	
  Name:

  	
  Anthony
  Holland

  
	
   

  	
  Title:
  

  	
  Vice
  President

  

 

 

	
   

  	
  PNC
  BANK,

  
	
   

  	
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Troy Brown

  
	
   

  	
  Name:

  	
  Troy
  Brown

  
	
   

  	
  Title:

  	
  Vice
  President

  

 

 

	
   

  	
  FIFTH
  THIRD BANK,

  
	
   

  	
  Lender

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Neil Corry-Roberts

  
	
   

  	
  Name:

  	
  Neil
  Corry-Roberts

  
	
   

  	
  Title:

  	
  Senior
  Vice President

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