0001047469-08-002032 Sample Contracts

AMENDMENT NO. 1 TO RIGHTS AGREEMENT
Rights Agreement • February 29th, 2008 • Penn National Gaming Inc • Services-miscellaneous amusement & recreation • Pennsylvania

THIS AMENDMENT NO. 1 (this “Amendment”), dated as of June 15, 2007, to the Rights Agreement, dated as of March 2, 1999 (the “Rights Agreement”) between Penn National Gaming, Inc., a Pennsylvania corporation (the “Company”) and Continental Stock Transfer and Trust Company, a New York corporation (the “Rights Agent”).

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