EX-10.1


 EXHIBIT 10.1 

AMENDMENT NO. 2 TO 

PURCHASE AND SALE AGREEMENT 

THIS AMENDMENT NO. 2 TO PURCHASE AND SALE AGREEMENT (“Amendment No. 2”) made and entered into effective as of March 22,
2017 (the “Effective Date”) amends that certain PURCHASE AND SALE AGREEMENT dated August 25, 2016, and that certain Amendment No. 1 to Purchase and Sale Agreement dated January 22, 2017 (collectively, the
“Agreement”) by and between PDC TN/FL, LLC, a Delaware limited liability company (the “Purchaser”), and Dover Motorsports, Inc., a Delaware corporation, and Nashville Speedway, USA, Inc., a Delaware corporation (collectively, the
“Seller”). 
 WITNESSETH: 

WHEREAS, Seller desires to allow Purchaser a sixty (60) day extension of the Agreement; and 

WHEREAS, Seller and Purchaser desire to enter into this Amendment No. 2 to reflect their agreement. 

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

	 	1.	Terms not otherwise defined herein shall have the meaning ascribed to them in the Agreement. 

  

	 	2.	Seller agrees and acknowledges that Purchaser retains its rights to review and provide objections to the Title Commitment and the Survey as set forth in Section 4.3 of the Agreement. 


 

	 	3.	Section 4.4 to the Agreement related to the Inspection Period is hereby revised so that the reference to 210 days now reads 270 days from the Effective Date of the Agreement. Purchaser shall be deemed to have
waived its objections under Section 4.4 with respect to geotechnical and environmental matters only. 

  

	 	4.	Section 4.7 to the Agreement related to the Approval from the Zoning Authority is revised so that the reference to 210 days now reads 270 days. 


 

	 	5.	Notwithstanding the extension of the Inspection Period in Item 3 above, Purchaser agrees, within three (3) business days from the execution hereof, to deposit Two Hundred Fifty Thousand Dollars ($250,000) of
the Five Hundred Thousand Dollars ($500,000) Earnest Money referenced in Section 2.2 to the Agreement, which shall be refundable to Purchaser pursuant to the terms and conditions of the Agreement. 


 

	 	6.	To facilitate execution, this Amendment No. 2 may be executed in as many counterparts as may be required; and it shall not be necessary that the signature of, or on behalf of, each party, or that the signatures of
the persons required to bind any party, appear on one or more such counterparts. All counterparts shall collectively constitute a single agreement. Execution evidenced by facsimile signature and/or PDF signature shall be deemed an original for all
purposes. 

  

	 	7.	Except as modified above, the terms and conditions of the Agreement shall continue in full force and effect. 


SIGNATURES ON FOLLOWING PAGE. 

  
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 SIGNATURE PAGE TO AMENDMENT NO. 2. 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 2 effective as of the Effective Date. 

 

							
	PURCHASER:	 		 	PDC TN/FL, LLC,
		 		 	a Delaware limited liability company
				
		 		 	By:	 	/s/ Whitfield Hamilton
		 		 		 	Whitfield Hamilton, Local Partner

  

							
	SELLER:	 		 	NASHVILLE SPEEDWAY, USA, INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	/s/ Klaus M. Belohoubek
		 		 		 	Klaus M. Belohoubek,
		 		 		 	Senior Vice President –General Counsel

  

							
		 		 	DOVER MOTORSPORTS, INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	/s/ Klaus M. Belohoubek
		 		 		 	Klaus M. Belohoubek,
		 		 		 	Senior Vice President –General Counsel


  
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