Document:

sec document

                                                          Exhibit 10.6

                          AMENDMENT NO. 2 TO
                 16% SENIOR UNSECURED PROMISSORY NOTE

     Reference is hereby made to that certain Promissory Note dated December 10,
2002, as amended to date (the "NOTE"), issued by Alpha Hospitality  Corporation,
a Delaware  corporation (the  "COMPANY"),  to the order of Societe Generale (the
"HOLDER"), in the principal amount of $1,600,000.

     WHEREAS, an $800,000 payment is due and payable under the Note on April 15,
2003;

     WHEREAS,  the Holder has agreed to restructure the terms of this payment as
provided in the Amendment below as consideration for (i) the Company's  issuance
to the Holder of 10,000 shares of the Company's common stock, $.01 par value per
share ("COMMON STOCK"),  (ii) the Company's payment to the Holder of $250,000 to
be credited  against the outstanding  principal amount of the Note and (iii) the
Company's  payment to the Holder of all outstanding  accrued but unpaid interest
on the Note (together, the "RESTRUCTURING TERMS");

     WHEREAS,  the  Holder has agreed to accept  shares of Common  Stock,  to be
valued at $8.00  per  share,  for any  payments  due to the  Holder in excess of
$150,000 under the Restructuring Terms; and

     WHEREAS, the parties hereto are in discussions with respect to the exchange
by the Holder of the Note for certain shares of the Company's common stock.

     NOW,  THEREFORE,  in  consideration  of the premises  and mutual  covenants
hereinafter set forth, the parties hereto, intending to be legally bound, hereby
agree as follows:

     1.  AMENDMENT.  Section 3(A) of the Note is hereby amended by deleting such
subsection in its entirety and inserting in its stead the following:

          "(A) The payment of the  principal on this Note shall be due
          in such amounts and on such payment dates (each,  a "Payment
          Date") as follows:  (i) $250,000 shall be due and payable on
          April 15, 2003, and (ii) $1,350,000 shall be due and payable
          on  June  15,  2003.  Accrued  interest  on the  outstanding
          principal  amount of this Note shall also be due and payable
          on each  Payment  Date.  Interest  will  accrue  on  overdue
          payments of  principal  and  interest at the rate of 16% per
          annum."

     2.  REGISTRATION  OF  SHARES.  The  Company  shall (a)  prepare  and file a
registration  statement (the "REGISTRATION  STATEMENT") under the Securities Act
of 1933, as amended,  relating to the resale of the shares of Common Stock to be
issued to the Holder under the  Restructuring  Terms (the "SHARES"),  (b)use its
best  efforts to cause such  Registration  Statement  to become  effective on or
before April 30, 2003 (the "FIRST TARGET DATE"),  but in all events on or before
June 15, 2003 (the "SECOND  TARGET  DATE") and (c) use its best efforts to cause
such  Registration  Statement  to  remain  effective  for a period  of two years
commencing on the date such  Registration  Statement  becomes  effective or such
shorter period as will terminate when all of the Shares have been disposed of by
the Holder or are otherwise  available for resale pursuant to Rule 144 under the
Securities Act of 1933, as amended.  If the Registration  Statement has not been

declared effective by the Securities and Exchange  Commission ( the "SEC") on or
before the First Target Date, then on the first business day following the First
Target Date the Company shall pay to the Holder the sum of $60,000 as liquidated
damages for such delay. Moreover, if such Registration Statement is not declared
effective  by the SEC on or before the  Second  Target  Date,  then on the first
business  day  following  the Second  Target Date the  Company  shall pay to the
Holder an  additional  sum of $90,000 as  liquidated  damages  for such  further
delay.

     3. GOVERNING LAW. This Amendment  shall be governed by,  enforced under and
construed in accordance  with the laws of the State of New York,  without giving
effect to the principles of conflicts of laws thereof.

     4.  MISCELLANEOUS.  This  Amendment  shall be binding upon and inure to the
benefit of and be enforceable  by the  respective  successors and assigns of the
parties  hereto.  This Amendment may be executed in any number of  counterparts,
each of which shall be an original,  but all of which together shall  constitute
one  instrument.  Except as amended hereby,  the Note remains  unmodified and in
full force and effect.

                            [Signature Page Follows]

             [SIGANTURE PAGE TO AMENDMENT NO. 2 TO PROMISSORY NOTE]

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Amendment to be
executed by the undersigned, thereunto duly authorized, as of April 14, 2003.

                                     ALPHA HOSPITALITY CORPORATION

                                     By: /s/ Scott A. Kaniewski
                                        ------------------------------------
                                        Name:  Scott A. Kaniewski
                                        Title: Chief Financial Officer

                                     SOCIETE GENERALE

                                     By: /s/ Francois Barthelemy
                                        ------------------------------------
                                        Name:  Francois Barthelemy
                                        Title: Managing Directorsec document

                                                          Exhibit 10.7

                          AMENDMENT NO. 3 TO
                 16% SENIOR UNSECURED PROMISSORY NOTE

     Reference is hereby made to that certain Promissory Note dated December 10,
2002, as amended to date (the "NOTE"),  issued by Empire Resorts, Inc. (formerly
Alpha Hospitality  Corporation),  a Delaware corporation (the "COMPANY"), to the
order of Societe Generale (the "HOLDER"), in the principal amount of $1,600,000.

     WHEREAS,  the remaining unpaid  principal amount of the Note  ($1,350,000),
and all unpaid accrued  interest  thereon,  is due and payable on June 15, 2003;
and

     WHEREAS,  the Holder has agreed to extend this  payment due date until June
20, 2003.

     NOW,  THEREFORE,  in  consideration  of the premises  and mutual  covenants
hereinafter set forth, the parties hereto, intending to be legally bound, hereby
agree as follows:

     1.  AMENDMENT.  Section 3(A) of the Note is hereby amended by deleting such
subsection in its entirety and inserting in its stead the following:

          "(A) The payment of the  principal on this Note shall be due
          in such amounts and on such payment dates (each,  a "Payment
          Date") as follows:  (i) $250,000 shall be due and payable on
          April 15, 2003, and (ii) $1,350,000 shall be due and payable
          on  June  20,  2003.  Accrued  interest  on the  outstanding
          principal  amount of this Note shall also be due and payable
          on each  Payment  Date.  Interest  will  accrue  on  overdue
          payments of  principal  and  interest at the rate of 16% per
          annum."

     2. GOVERNING LAW. This Amendment  shall be governed by,  enforced under and
construed in accordance  with the laws of the State of New York,  without giving
effect to the principles of conflicts of laws thereof.

     3.  MISCELLANEOUS.  This  Amendment  shall be binding upon and inure to the
benefit of and be enforceable  by the  respective  successors and assigns of the
parties  hereto.  This Amendment may be executed in any number of  counterparts,
each of which shall be an original,  but all of which together shall  constitute
one instrument.  Except as amended  hereby,  and by amendments 1 and 2 (all such
previous amendments being valid and applicable), the Note remains unmodified and
in full force and effect.

                       [Signature Page Follows]

        [SIGANTURE PAGE TO AMENDMENT NO. 3 TO PROMISSORY NOTE]

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Amendment to be
executed by the undersigned, thereunto duly authorized, as of June 12, 2003.

                                     EMPIRE RESORTS, INC.
                                     (FORMERLY ALPHA HOSPITALITY CORPORATION)

                                     By: /s/ Scott A. Kaniewski
                                        ----------------------------------------
                                        Name:  Scott A. Kaniewski
                                        Title: Chief Financial Officer

                                     SOCIETE GENERALE

                                     By: /s/ Francois Barthelemy
                                        ----------------------------------------
                                        Name:  Francois Barthelemy
                                        Title: Managing Directorsec document

                                                                    Exhibit 10.9

              FIRST AMENDMENT OF LAND PURCHASE AGREEMENT

     THIS FIRST AMENDMENT OF LAND PURCHASE  AGREEMENT (this "AMENDMENT") is made
and entered  into as of April 30, 2004 (the  "EFFECTIVE  DATE"),  by and between
Catskill  Development,  L.L.C., a New York limited liability company,  having an
address at Monticello  Raceway,  P.O. Box 5013,  Route 17B Monticello,  New York
12701 ("SELLER"),  and Cayuga Catskill Gaming Authority,  an  instrumentality of
the Cayuga Nation of New York, whose address is Post Office Box 11,  Versailles,
NY 14168  ("PURCHASER").  This  Amendment is entered into with  reference to the
following facts:

     A. Seller is the seller and  Purchaser  is the  purchaser  pursuant to that
certain  Land  Purchase  Agreement,  dated  April 30,  2003 (the "LAND  PURCHASE
AGREEMENT"),  affecting  certain premises  located at Monticello,  New York (the
"PREMISES"),  Which  Premises  contain  approximately  29  acres,  all  as  more
particularly described in the Land-Purchase Agreement.

     B. The Premises are more particularly described in Exhibit A attached.

     D. Seller and Purchaser desire to amend certain of the teens and provisions
of the Sale Purchase Agreement,  upon the terms and conditions set forth in this
Amendment.

     NOW,  THEREFORE,  for  Ten  Dollars  ($10)  and  other  good  and  valuable
consideration   the   receipt  and  legal   sufficiency   of  which  are  hereby
acknowledged,  Seller and  Purchaser  agree as follows  (all  capitalized  terms
defined in the Land  Purchase  Agreement  shall have the same  meanings  in this
Amendment  except to the  extent  that this  Amendment  sets  forth  some  other
definition for a particular term):

1.   Closing Date.

     In Section 9.01 of the Land Purchase  Agreement,  the date "May 1, 2004" is
deleted and replaced by the following date: "December 31, 2004."

2.   No Other Changes.

     Except  for the  foregoing  changes  in the  Land Purchase  Agreement,  the
parties ratify and confirm the Land Purchase  Agreement,  as previously amended.
Seller and Purchaser acknowledge and agree that the Land Purchase Agreement,  as
hereby amended,  is in full force and effect in accordance  with its terms.  Any
inconsistency  between this  Amendment  and the Land  Purchase  Agreement (as it
existed  before this  Amendment)  shall be resolved in favor of this  Amendment,
whether or not this Amendment specifically modifies the particular  provision(s)
in the Land Purchase  Agreement  inconsistent with this Amendment.  Wherever the
Land Purchase  Agreement refers to the Land Purchase  Agreement,  such reference
shall be deemed to refer to the Land  Purchase  Agreement  as  modified  by this
Amendment.   Sections   14.10   and  14.11  of  the  Land   Purchase   Agreement
("Nonrecourse")  shall apply to this  Amendment  as if set forth in full in this
Amendment.

3.   Certain Confirmations.

     Each of Seller and Purchaser confirms and acknowledges on its own behalf:

     3.1. Full Force and Effect.  The Land  Purchase  Agreement is in full force
and effect and has not been  supplemented,  modified or  otherwise  amended,  or
canceled,  terminated,  or surrendered,  except pursuant to this Amendment.  The
Land  Purchase  Agreement  is binding  and  enforceable  as  against  Seller and
Purchaser in accordance with its terms. The Land Purchase  Agreement as modified
by this Amendment  represents  the entire  agreement and  understanding  between
Purchaser and Seller with respect to sale/purchase of the Premises.

     3.2. No Defenses.  Neither Seller nor Purchaser has any defenses, claims or
counterclaims  with respect to the Land Purchase  Agreement  nor does  Purchaser
have any  offsets,  setoffs or other  basis for  reduction  with  respect to any
payments required under the terms of the Land Purchase Agreement.

     3.3. No Default.  To each party's best knowledge,  as of the Effective Date
neither  Seller nor  Purchaser  is in default in the  performance  of any of its
covenants, agreements or conditions contained in the Land Purchase Agreement nor
has any event  occurred  that,  with the  passage of time or giving of notice or
both,  would  constitute a default  under the Land Purchase  Agreement.  Neither
Seller nor  Purchaser  has given any notice of any uncured  default to the other
party.

4.   Miscellaneous.

     4.1.  Representations  and Warranties.  Each party  represents and warrants
that it has the legal power and authority to enter into this  Amendment  without
consent or  approval by any third  party,  and that this  Amendment  is a valid,
legal, and binding  obligation of such party  enforceable in accordance with its
terms.

     4.2.  Further  Assurances.  Each party shall take such  further  actions as
shall be reasonably  necessary from time to time to implement and effectuate the
intentions of the parties expressed in this Amendment.

     4.3.  Amendments.  The Land Purchase  Agreement may not be further amended,
discharged or terminated except by a written instrument executed by the parties.

     4.4. Counterparts.  This Amendment may be executed in counterparts, each of
which  shall  be an  original,  but  all of  which  shall  constitute  a  single
agreement.

                                       2

     IN WITNESS WHEREOF, Seller and Purchaser have executed this Amendment as of
the Effective Date.

CAYUGA CATSKILL GAMING AUTHORITY             CATSKILL DEVELOPMENT, L.L.C.

/s/ Timothy W. Twoguns                       /s/ Morad Tahbaz
--------------------------------             ---------------------------------
By:  Timothy W. Twoguns                      By: Morad Tahbaz
Its: Director                                Its:  President

Attachments:
Exhibit A = Legal Description

                                       3

                                   EXHIBIT A

                               LEGAL DESCRIPTION

     All that certain plot, piece or parcel of land situate,  lying and being in
the Village of Monticello, Town of Thompson, County of Sullivan and State of New
York  being  more  particularly  described  as Parcel  No. 1 on  "Final  Revised
Subdivision of Plat of Lands of Catskill Development, L.L.C." dated May 25, 1999
and filed in the Office of the Sullivan  County Clerk on February 4, 2002 as Map
No.  8-271,  together  with  and  subject  to  the  easements  shown  thereon.

                                      A-1

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