Document:

Confidentiality and Non-Competition Agreement between AsiaInfo and Feng Liu

 Exhibit 10.42 
 Asiainfo Technologies (China) Limited 
 Confidentiality and Non-Competition Agreement

  

	Party A:	Name: AsiaInfo Technologies (China) Limited 

 Address: Zhongdian Information Tower, No.6 Zhongguancun South Street, Haidian District, Beijing, P.R.China 
 Legal representative:
Steve Zhang 
  

	Party B:	Name: Feng Liu 

 Address: 
 ID card No.: 110108197110158954 
 Party A and
Party B mutually recognize that Party B may have access to or become aware of the trade secrets of Party A during the employment of Party B, and that the trade secrets of Party A have significant effect on Party A’s competitive advantages in
the market. Party B acknowledges that, if the trade secrets of Party A are not effectively protected, the production and operations of Party A may be threatened, and the company may even sustain irrecoverable losses. In consideration of the
foregoing, Party A and Party B hereby enter into this agreement in accordance with the current applicable laws and regulations of the People’s Republic of China with respect to the confidentiality maintenance of the trade secrets of Party A by
Party B and prohibition of business strife during the period when Party B is employed by Party A and after Party B quits Party A. 
  

	1.	General principles and definitions 

  

	 	1.1	In order to protect the legal rights and interests of both parties, the following principles shall apply to this agreement: this agreement should prevent any unfair competition
activities against the company as well as ensure that the right of labor to which Party B is entitled by law should be realized. 

  

	 	1.2	The “Service Term” referred to in this agreement shall mean the period from the time when Party B commences to receive salary from Party A to the time of termination (or
extinguishment) of the labor relation between Party A and Party B. 

  

	 	1.3	A “Separation” referred to in this agreement shall mean that either party expressly indicates the intention to dissolve or terminate the employment relation and put such
intention into action, and shall comprise of all regular separations, such as resignation, dismissal, or dissolution or termination of the labor (contract) relation, and all irregular separations. 

  

	 	1.4	A “Third Party” referred in this Agreement shall mean any person or entity that is related to either Party A or Party B, including but not limited to Party A’s
customers, suppliers, business partners and Party B’s prior employers. 

  

	 	1.5	The “Trade Secrets” referred to in this agreement shall include but not be limited to: 

  

	 	1.5.1	the technical information and operational information which are unknown to the public, may generate economic benefits for Party A, with practicability, and are subject to Party
A’s confidentiality measures; 

  

	 	1.5.2	 the items for which Party A has organized R&D or which are otherwise obtained by Party A, and which may have specific complete technical contents, or may
constitute a technical resolution for a product or technology and improvements thereof, or may be part of the technical elements of a certain product or technology, including but not limited to (1) software 

  

 1 

	 	 
product designs currently owned, developed or conceived by Party A; (2) computer programs; (3) information and materials concerning the service
projects currently owned, developed or conceived by Party A; and (4) Trade Secrets of third parties for which Party A undertakes the responsibility of confidentiality; and 

  

	 	1.5.3	the entirety or part of the elements of Party A’s project management, technical management, archive management, quality management methods, pricing methods, development plans,
investment plans, operation rules, commercial network, client name-lists, goods supply information, advertising planning, management experience, financial status, price lists, human resource planning, and other information. 

 

	 	1.6	A “Competing Unit” referred to in this agreement shall mean any individual, company, enterprise, partnership, department, association, institutional unit, social entity or
other organization which engages in the same kind of business as Party A (including similar business), or provides the same kind of services as Party A, or constitutes an actual or potential competition against the business of Party A within the
territorial scope of Mainland China, Hong Kong, Macau, and Taiwan area. These competing units include but are not limited to the following: 

  

	 	1.6.1	An enterprise which is in the same industry as Party A; 

  

	 	1.6.2	An enterprise or organization of any other type (or in any other industry) which engages in any business identical or similar to the main services performed by Party B for Party A;

  

	 	1.6.3	A company, enterprise, or other organization which provides professional consultation or advisory services to the enterprise or organization referred to in the preceding paragraphs.

  

	 	1.7	The “Non-competition Obligations” referred to in this agreement shall mean the obligations set forth in Articles 3.3 and 3.4 of this agreement. 

 

	2.	Protection of Trade Secrets and attribution of intellectual property rights 

  

	 	2.1	Party B agrees not to divulge, disclose, provide or disseminate, in any manner to any person or entity at any time, the Trade Secrets defined in Article 1 of this agreement or the
trade secrets or confidential information which may affect the business of Party A or matters relating to the business of Party A, unless with Party A’s express consent in writing. 

  

	 	2.2	Upon Party B’s Separation, Party B shall unconditionally deliver to Party A all business related carriers which are possessed or controlled by Party B, including but not
limited to equipment, CDs, magnetic disks, magnetic tapes, notebooks, memoranda, reports, archives, samples, books, correspondence, lists, and other written and graphic records. 

  

	 	2.3	Party B undertakes not to disclose the Trade Secrets of Party A under this agreement to the subsequent employer(s) of Party B. 

  

	 	2.4	Unless with Party A’s authorization and consent in writing, all the inventions made by Party B in connection with his/her own job, either separately or jointly with others,
during his/her Service Term, shall be owned by Party A. 

  

	 	2.5	Party B shall have the obligation to disclose to Party A all the intellectual property rights applied or obtained by Party B during the Service Term of Party B and within one year
after Party B’s Separation. 

  

	 	2.6	Party B undertakes that the intellectual property rights to the patents and all other intellectual properties accomplished by Party B in connection with his/her own job or
assignments at Party A or the business within one year following his/her Separation from Party A shall be owned by Party A. 

  

 2 

	3.	Third-Party procedures 

  

	 	3.1	During Party B’s Service Term, if Party B is engaged in any project assignments for a Third Party, Party B shall strictly abide by such Third Party’s rules and regulations
on safety, work process and confidentiality and privacy. 

  

	 	3.2	Unless and until upon written approval of Party A and/or the Third Party, Party B shall not add, delete, revise any data or program in the Third Party’s system or software.

  

	 	3.3	Party B agrees that Party B shall not take any non-work related individuals to the Third Party’s business location. 

  

	4.	Non-competition clause 

  

	 	4.1	Party B undertakes not to engage in, for his/her own or on behalf of others, or participate in the operation of, any business which is competing with Party A directly or indirectly,
during his/her Service Term without Party A’s prior written consent. 

  

	 	4.2	During Party B’s Service Term, without Party A’s prior written consent, Party B undertakes that: it will not pursue a second occupation; it will not accept or acquire any
position (including but not limited to a position of partner, director, supervisor, shareholder, manager, staff member, agent, consultant, etc) in any Competing Unit or any other economic organization or social entity having direct economic relation
with Party A; it will not provide to such Competing Units with any advisory services (regardless whether with or without compensation) or any other assistance (such as engaging in any business the scope of which is identical or similar to the
business which Party A is currently undertaking or Party A may decide to develop from time to time); it will not make use of his/her position at Party A in order to obtain benefits by any improper means; it will not seek private interests for
himself/herself by utilizing his/her position and authority in Party A. 

  

	 	4.3	Upon Separation from Party A due to any reason, without the prior written consent of Party A, Party B shall not hold any position in any Competing Unit within the period to
which the economic compensation fee for non-competition paid by Party A is applicable. 

  

	 	4.4	Upon Separation from Party A due to any reason, without the prior written consent of Party A, Party B will not establish and manage, either directly or indirectly, any
enterprise which is in competition with Party A, within the period to which the economic compensation fee for non-competition paid by Party A is applicable, including but not limited to the establishment or management of: 

 

	 	4.4.1	an enterprise which is in the same industry as Party A; 

  

	 	4.4.2	an enterprise or organization of any other type (or in any other industry) which engages in any business identical or similar to the main services performed by Party B for Party A;
or 

  

	 	4.4.3	an enterprise, or other organization which provides professional consultation or advisory services to the enterprise or organization, referred to in the preceding paragraphs.

  

	 	4.5	At the time when Party B delivers a resignation notice to Party A or Party A delivers a dismissal notice to Party B, namely, upon termination or dissolution of the labor contract,
Party B shall have the obligation to notify Party A in writing of his/her true subsequent destination. During the non-competition period in which Party B enjoys the economic compensation fee, Party B shall have the obligation to notify Party A in
writing of his/her each new employer unit, position, and the business nature of the new employer unit. The time limit for notice shall be one week from the date of commencement of Party B’s employment at the new unit. 

 

	 	4.6	 Party B agrees that, during his/her Service Term and within two years from his/her Separation from Party A, Party B warrants not to instigate, entice, encourage,
solicit, or otherwise attempt to affect, directly or indirectly, any other staff member of Party A for the purpose of leaving Party A and 

  

 3 

	 	 
serving Party B or any other individual or entity; Party B warrants not to solicit Party A’s clients or pervious clients for seizing their business and
gaining direct or indirect benefits, with the exception of Party B’s activities for performance of his/her duties during the Service Term at Party A. 

  

	5.	Payment of compensation fee 

  

	 	5.1	Within one month after Party B’s Separation from Party A, Party A shall decide whether it requests Party B to undertake the Non-competition Obligation as well as the period of
non-competition. 

  

	 	5.2	If Party A decides to require Party B to undertake the Non-competition Obligation, it shall pay the non-competition compensation fee according to Article 5.3 of this agreement.

  

	 	5.3	The non-competition compensation fee shall be 50% of Party B’s annual salary (if the local government stipulates a minimum more than this amount, such minimum shall
prevail). The non-competition period to which such compensation fee is applicable shall be 12 months, commencing on the date of Party B’s Separation from Party A. 

  

	 	5.4	The non-competition compensation fee to Party B shall be paid in one of the following means: 

  

	 	5.4.1	a lump sum payment payable one month after Party B’s termination date; or 

  

	 	5.4.2	a monthly payment payable to Party B after Party B’s termination. Such payment is payable each month as long as Party B is subject to the non-competition provisions of this
Agreement 

  

	 	 	The non-competition compensation fee shall be collected by Party B at Party A’s corporate address (or paid by Party A to Party B via bank or post office). If Party B refuses to
receive the payment, Party A may submit the payment of the compensation fee to the relevant authority for deposit according to law. The time when such submission is completed shall be deemed to be the date of payment of the compensation fee.

  

	 	5.5	If Party A fails to pay the non-competition compensation fee to Party B within one month after Party B’s Separation, Party A shall be deemed to have released Party B from
the Non-competition Obligation (which means that Party B may not be subject to the obligations set forth in and only in Articles 3.3 and 3.4). Upon such time, Party B shall not claim against Party A for payment of the non-competition compensation
fee in any manner (including but not limited to arbitration or litigation). 

  

	6.	Liabilities for breach of contract 

  

	 	6.1	If Party B is in breach of any of the provisions set forth in Articles 2.1, 2.2, 2.3, 3.1, 3.2, and 3.6 by way of non-performance or improper performance of his/her obligations,
Party A will affix the administrative or civil liabilities on Party B in accordance with the relevant laws, regulations and corporate rules; where the circumstance is serious, Party A will additionally petition the judicial authorities to
investigate into Party B’s criminal liabilities. If Party A sustains any loss, Party B shall be liable for compensation. If it is difficult to calculate the amount of such loss, the amount of compensation shall be the greater of (1) no
less than 50% of the aggregate of Party B’s salary already paid by Party A and other expenses during the Service Term; or (2) RMB 300,000. If such compensation payment is insufficient to pay for Party A’s actual damages, Party A
reserves the right to recover liquidated damages from Part B. The payment of the default penalty shall not be intended as a dissolution or termination of Party B’s relevant confidentiality obligation referred to above. 

 

	 	6.2	 During the period of existence of the labor relation between Party A and Party B, Party A may directly deduct the full or part of the amount from the salary,
remuneration, bonus, various compensation fees, and other income due and payable to Party B in order to recover Party A and or any Third Parties’ losses. The damages borne by Party B to Party A shall include but not be limited to the losses,
direct and/or indirect, tangible and/or intangible, property and/or non-property related, 

  

 4 

	 	 
sustained by Party A and or any Third Parties due to Party B’s breach of contract, as well as the reasonable expenses incurred by Party A for
investigation into Party B’s breaching activities. 

  

	7.	Termination of Non-competition Obligation 

 The two
parties agree that Party B’s Non-competition Obligation shall automatically terminate upon the occurrence of any of the following circumstances: 
  

	 	7.1	The non-competition period for Party B stipulated in this agreement expires; 

  

	 	7.2	Party A refuses to pay the non-competition compensation fee to Party B, or delays the due payment of the compensation fee for one month or more without justifiable cause; and

  

	 	7.3	Party A’s status of a legal person is terminated and there is no unit or individual that will assume its rights and obligations. 

  

	8.	Severability 

 The invalidity of any provision of
this agreement shall not affect the validity, legitimacy and enforceability of other provisions, and said invalid provision shall be replaced by another valid, legal, and enforceable provision which reflects the original intent of the parties to the
greatest extent. 
  

	9.	Notice 

  

	 	9.1	Notices may be delivered in person, or by courier (including commercial express delivery), registered mail, or public announcement. 

  

	 	9.2	Notices shall be delivered to the following addresses, unless modified by way of a prior written notice: 

 If to Party A: 
 Address: 
 Postal code: 
 Attention: 
 Telephone no.: 
 Facsimile no.: 
 If to Party B: 
 Address: 
 Postal code: 
 Attention: 
 Telephone no.: 
 Facsimile no.: 
 Email: 
  

	 	9.3	Notices or correspondence shall be deemed effectively given 

  

	 	9.3.1	upon the date on which the receiving party signs to acknowledge the receipt if delivered by courier (including commercial express delivery); or 

  

 5 

	 	9.3.2	seven (7) days after the date of issuance of the postal receipt by the post office if delivered by registered mail. 

  

	10.	Modification; waiver 

  

	 	10.1	This agreement may only be amended or modified with the mutual consent of both parties evidenced by a written document signed by them. 

  

	 	10.2	The consent, waiver, or change rendered by either party to this agreement with respect to a certain event shall only be applicable to that event, and shall not be presumed as the
approach of that party to any event of the same kind which may occur in the future, unless otherwise expressly indicated in writing. 

  

	 	10.3	Failure or delay to exercise any right under or related to this agreement by either party shall not be deemed as a waiver of such right. 

  

	11.	Related Parties 

  

	 	11.1	During Party B’s Service Term, Party B may have contact or become familiar with Trade Secrets of any of Party A’s related parties, or any individuals or entities related
to Party A’s related parties (including but not limited customers, suppliers and business partners of Party A’s related parties). Party B shall be equally bound by this agreement with regards to the Trades Secrets of Party A’s related
parties, or any individuals or entities that are related to Party A’s related parties, including any rules and regulations regarding third-party procedures. Party A and Party A’s related parties, may individually or collectively seek any
further damages that resulted from Party B’s violation of this agreement. 

  

	 	11.2	Party A’s related parties include, but not limited to: Lenovo AsiaInfo Technologies (Chengdu), Inc. and Beijing Star VATS Technologies Inc. (China). 

 

	12.	Signature 

  

	 	12.1	Each party acknowledges that it has carefully reviewed and fully understands the contents of all the provisions of this agreement and the legal implication of these contents. This
agreement shall become effective upon signature / seal of Party A’s authorized representative and Party B. 

  

	 	12.2	This agreement shall have two counterparts, each of which shall be held by each party respectively, and all of which shall have equal legal force. 

  

					
	Party A (Seal):	 	Party B:	 	 /s/    FENG LIU

		
	Date of signature:	 	Date of signature: January 1, 2008
			
	(Seal of AsiaInfo Technologies (China), Inc)	 		 	

  

 6Stock Purchase Agreement

 Exhibit 10.1 
 EXECUTION COPY 
 STOCK PURCHASE AGREEMENT 
 This Stock Purchase Agreement (“Agreement”) dated the 28th day of January, 2009 is entered into between Midwest Racing, Inc., a California
corporation (“Midwest”), Dover Motorsports, Inc., the ultimate corporate parent to Midwest (“Dover”, and collectively with Midwest, “Seller”) and Gulf Coast Entertainment, L.L.C., a Delaware limited liability company
(“Buyer”). 
 WITNESSETH 
 WHEREAS, Seller owns 100% of the authorized, issued and outstanding stock (hereafter collectively the “Stock”) of Memphis International Motorsports Corporation, a Tennessee corporation d/b/a Memphis
Motorsports Park (the “Company”); and 
 WHEREAS, the Company owns and holds good and marketable fee title to that certain parcel
of real property and all the buildings and improvements thereon as fully described in Exhibit A hereto (the “Real Property”) and good and marketable title to all of its other owned assets and facilities thereon or as otherwise held or
situated (the “Property”); and 
 WHEREAS, Seller desires to sell and Buyer desires to purchase 100% of the Stock on the terms and
conditions set forth in this Agreement; 
 NOW, THEREFORE, in consideration of the promises, covenants, warranties and representations
herein, the parties agree as follows: 
 Section 1. Definitions. 
 In addition to the terms elsewhere defined, the following terms shall have the following meanings: 
 1.1
“Buyer’s LLC Agreement” shall mean the Limited Liability Company Agreement of Buyer. 
 1.2 “Cash Purchase
Price” shall mean the sum of $10,000,000. 

 1.3 “Closing Date” shall be the date on which the closing occurs, which shall be no more
than three days after all the closing conditions set forth herein have been satisfied, unless otherwise mutually agreed by the parties. Closing shall be deemed effective, and the events scheduled for the Closing Date herein shall be deemed to occur
simultaneously, as of 12:01 a.m. on the day on the Closing Date. 
 1.4 “Confidentiality Agreement” shall mean that certain
confidentiality agreement dated the 12th day of June, 2008 between Buyer and Dover Motorsports, Inc. 
 1.5 “Interest in
Buyer” shall mean a 2% Special Member interest in Buyer. 
 1.6 “Project Funding” shall mean funding for the
Alabama Motorsports Park, a Dale Earnhardt, Jr. Speedway has been secured, to Buyer’s reasonable satisfaction, and Buyer has the ability to draw down on the funds to pay the Purchase Price. 
 1.7 “Purchase Price” shall mean both the Cash Purchase Price and the Interest in Buyer. 
 1.8 “Special Member” shall mean a Special Member as defined in Section 1.53 to Buyer’s LLC Agreement attached as
Exhibit B. 
 1.9 “Tax(es)” shall mean all federal, state or local income, gross receipts, sales, use, real property or
similar taxes, assessments, fees, or other governmental charges, together with any interest or penalties thereon. 
 Section 2. Sale of the
Stock. 
 2.1 Acquisition of Stock. Upon Closing, on the Closing Date, Seller hereby agrees to sell the Stock, free and clear
of any and all liens, charges, pledges, claims, security interests, rights of others, and other encumbrances, and Buyer agrees to purchase the Stock and to pay the Purchase Price to Seller. On or before the Closing Date, Seller shall deliver all
stock certificates for the Stock to Buyer properly endorsed. 
  

 2 

 2.2 Cash Purchase Price. The Cash Purchase Price of $10,000,000 shall be paid to Seller by wire
transfer as follows: 
 On February 27, 2009, Buyer will provide Seller a non-refundable deposit of $100,000, which deposit shall be
credited against the Cash Purchase Price. 
 Upon Closing, the $9,900,000 balance of the Cash Purchase Price shall be paid by 5:00 PM EST on
the Closing Date. 
 2.3 Interest in Buyer. Upon Closing, Buyer shall deliver to Midwest or Dover on the Closing Date a Membership
Certificate evidencing Midwest’s or Dover’s Interest in Buyer. 
 2.4 Environment Assessment. Buyer shall have until
February 27, 2009 to obtain a Phase I environmental assessment of the Real Property with results that are satisfactory to it or to otherwise satisfy itself as to the environmental condition of the Real Property. If the results are not
satisfactory to it, Buyer may terminate this Agreement, provided that Seller shall be provided with the reason(s) for dissatisfaction and be afforded a reasonable opportunity to cure or remediate any environmental deficiency or concern. In such
event, and notwithstanding anything herein to the contrary, Buyer shall not be required to pay the deposit referenced in Section 2.2 until Seller has made the cure or remediation or otherwise provided to Buyer adequate assurances that it will
do so. 
 2.5 Project Funding. Should Project Funding not occur by April 30, 2009, either party may terminate this Agreement upon
written notice to the other party; provided that upon the request of any party, the parties will discuss in good faith the extension of the foregoing termination date. Buyer shall notify Seller when Project Funding occurs and agrees that it will
ensure that the initial draw of funds under Project Funding must include the Cash Purchase Price. Buyer shall not be obligated to proceed with the transactions contemplated herein or pay the $9,900,000 balance of the Cash Purchase Price if Project
Funding does not occur. 
 2.6 Conditions to Closing. Buyer’s obligation to pay the Purchase Price and Seller’s obligation
to sell the Stock on the Closing Date is subject to the fulfillment on or before the Closing 

  

 3 

 
Date of each of the following conditions: the conditions set forth in Section 2.4 and 2.5 above; the representations and warranties set forth in
Section 3.1, 3.2, 3.3, 3.4 and 3.7 shall be true and correct as of the date hereof and the Closing Date; the execution of the Management Agreement, as defined in Section 4.3, between Buyer and Dover, in form and substance satisfactory to
Buyer and Dover; and all covenants and agreements contained in this Agreement to be performed by Midwest, Company, Dover and Buyer shall have been performed and complied with in all material respects. Buyer’s obligation to close is further
contingent upon the Risk of Loss provision set forth in Section 8 below. There shall be no other conditions to Closing. Other than as set forth above, a breach of a representation or warranty shall give rise to an indemnity claim under
Section 6 but not affect Closing. Buyer shall upon execution of this Agreement continue to have full and complete access to all of the books, records, contracts, leases, Tax returns, and accounts of the Company and may make such examination and
take such excerpts therefrom as Buyer may deem necessary or desirable. Upon the mutual agreement of the parties, or in the event the conditions described in this section have not been satisfied by April 30, 2009, this Agreement may be
terminated; provided that upon the request of any party, the parties will discuss in good faith the extension of the foregoing termination date. 
 Section 3. Representations and Warranties by Seller and Company. 
 Seller and Company represent and warrant to Buyer that as
of the date of this Agreement and as of the Closing Date: 
 3.1 Corporate Standing. Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of Tennessee with full corporate authority to own and operate its Property and conduct its business. Seller has no knowledge of any jurisdiction where qualification to do business as a
foreign corporation by Company is necessary or where failure to be so qualified could reasonably be expected to have a material adverse effect on the Company’s financial condition or business as now conducted. 
  

 4 

 3.2 Authorization. Seller has all full and complete legal capacity, right, and corporate power to
enter into this Agreement and to consummate the transactions contemplated hereby, and Seller has taken all action required to be taken by it by law, its Certificate of Incorporation or By Laws, or otherwise to authorize or ratify the execution and
delivery of this Agreement and the consummation of the transactions contemplated hereby. Further, the offer and sale of the Stock to Buyer does not constitute a violation of any state of federal securities laws or any Blue Sky laws. 
 3.3 Capitalization. The Stock of the Company consists of 1,000 shares of Common Stock, of which 250 shares are issued and outstanding. The Stock
is, and when delivered and paid for in compliance with the provisions of this Agreement will be, duly authorized, validly issued in compliance with all applicable laws, rules, and regulations and fully paid and nonassessable. There are no
outstanding warrants, options, agreements, convertible or exchangeable securities or other commitments pursuant to which the Company is or may become obligated to issue, sell, purchase, return or redeem any shares of capital stock or other
securities, and there are no equity securities of the Company reserved for issuance for any purpose. There are no agreements, arrangements, proxies or understandings that restrict or otherwise affect voting or transfer of any of the capital stock of
the Company. The Company does not own, directly or indirectly, and has no contract to acquire, any capital stock of or other direct or indirect equity interest in any Person. 
 3.4 Title to Stock. Seller is the owner of, and has good and marketable title in fee simple absolute to the Stock. Notwithstanding anything in
this Agreement to the contrary, Seller forever warrants its title to the Stock of the Company to be sold, assigned, and transferred pursuant to this Agreement, and Seller will forever indemnify and save harmless the Buyer, its successors and
assigns, for and from any and all claims and demands of any kind or nature whatsoever that may be made to, under, or against any of such Stock, and against any lien, execution, or attachment upon any such Stock, made by any person claiming to hold
or have a right to any interest therein by or through Seller. 
  

 5 

 3.5 Material Contracts. A list of all of the Company’s agreements/contracts in effect as of
the date of this Agreement with a value of $100,000 or more and all other contracts-material to the Company, including any sanction agreements with NASCAR and NHRA (hereafter collectively the “Material Contracts”) along with the current
expiration dates thereof if applicable are set forth in Exhibit C. The Material Contracts are to the Seller’s and Company’s knowledge valid, binding and in full force and effect in all material respects, and except for the sanction
agreements, no consents are required for such Material Contracts to remain valid, binding and in full force and effect as a result of the consummation of the transactions contemplated herein. There are no leases outstanding with respect to the Real
Property. Seller and Company further represent and warrant that all races at the Memphis Motorsports Park are under contract with Company and not Midwest or Dover or any other third party. A list of all major sanctioned races, along with all the
other functions and events owned, sponsored, held, or operated by Company at the Memphis Motorsports Park, is attached hereto as Exhibit D. If requested by Buyer, Company and Seller shall provide Buyer prior to Closing with copies of any agreements
relating to the aforementioned races, functions, or events to the extent material. Dover will guarantee fulfillment of the obligations of Company under its sanction agreements with NASCAR for the 2009 season pursuant to the terms of the Management
Agreement, as defined in Section 4.3. 
 3.6 Financial Statements. The Company’s balance sheet , statements of income and
cash flows as of December 31, 2008 (the “Financial Statements”), are attached hereto as Exhibit E, are true and correct, and fairly present the financial condition of the Company as of that date as a subsidiary of a larger
organization providing funding and other services described in Section 4.3; they do not, however, represent the financial condition that the Company might have had as a stand alone entity. 
 3.7 Effect of Agreement. Neither the execution of this Agreement nor the consummation of the transactions contemplated hereunder, will result in
the creation of any lien, charge or encumbrance 

  

 6 

 
on the Stock, the Real Property or the Property of Company. The Stock is presently, and will continue to be through the Closing Date, free of any and all
liens, options, warrants, calls, subscription rights, security interests, debts, attachments, executions, commitments of any kind, or other encumbrances whatsoever and not subject to any preemptive rights or rights of first refusal. Further, no
consent, approval, authorization or release from any third party is required in connection with the Seller’s and Company’s valid execution, delivery, and performance of this Agreement or transfer and assignment of the Stock to Buyer, other
than consent from Seller’s lenders which will be obtained by Seller at or prior to Closing. Other than as provided above, no representation or warranty is made as to the assignability of any agreement to which Company is a party or the effect
that the transactions contemplated hereby will have on the other parties to such agreements. 
 3.8 Litigation and Other Legal
Matters. There is no demand, claim, action, suit, litigation, arbitration, mediation, settlement, order, or other proceeding of any kind or nature whatsoever pending, or to Seller’s knowledge threatened or reasonably expected, against
Company or its Real Property or Property or its officers, directors, members, managers, employees, agents, or servants or the Stock which, if sustained, would materially adversely affect Company’s business after the Closing Date, or
Buyer’s use and enjoyment of the Real Property, Property and Stock of Company. 
 3.9 Judgments. There has been no decision,
order or other holding arising out of any litigation, arbitration, mediation, order, settlement or other proceeding involving Company which will materially adversely affect the continuation by Company or Buyer, after the Closing Date, of the
business as presently operated by Company, or the use and enjoyment of the Real Property, Property and Stock of Company. 
 3.10 Tax
Matters. Company has timely filed all required federal, state, and local Tax returns and all necessary reports and returns for all other Taxes due to the federal, state, and local governmental agencies, and it has set up adequate reserve for, or
fully paid and discharged, all such 

  

 7 

 
Taxes accrued up to the Closing Date. These returns are true and correct in all material respects. All Taxes shown to be due and payable on such returns, any
assessments imposed, and all other Taxes due and payable by the Company on or before the Closing Date have been paid or will be paid by the Seller and Company prior to the time they become delinquent. There are no litigations, proceedings,
assessments, reassessments, charges, fees, or audits arising out of or relating to Taxes pending, threatened, or anticipated against the Company. 
 3.11 No Indebtedness. Company has no indebtedness for borrowed money other than indebtedness to be discharged on or prior to the Closing Date. As of the Closing Date, the Company will have no debts of any kind or nature whatsoever
other than those incurred in the ordinary course of business consistent with past practices, such as trade payables and vehicle or equipment leases. Further, Seller and Company will ensure that no mortgages, liens, charges, executions, attachments,
security interests, or other monetary encumbrances exist with respect to the Real Property, Property, the Stock, or the Company as of the Closing Date. All inter-company accounts will be eliminated prior to the Closing Date. 
 3.12 Conduct of Business. Company is not prohibited by agreement or by law from conducting its business. No investigation of Company or its
business by any governmental agency, which could materially adversely affect its business, is now in process or to the best of its knowledge is threatened, and Company is not in violation of any law, regulation or other governmental enactment in the
conduct of its business which could materially adversely affect Company or its business. 
 3.13 Labor. Company is not a party to any
collective bargaining agreement with any labor union and Seller and Company have no knowledge that there is currently pending or threatened petition by employees of Company for a representation election. There is no contract of employment with any
officer, director, agent, servant, or employee of the Company which is not terminable at will. 
  

 8 

 3.14 Insurance. Company has had and will have as of the Closing Date Comprehensive General
Liability, Comprehensive Automobile Liability, Workers Compensation, Employer’s Liability, and Umbrella Liability (or other excess liability) insurance policies in force which provided or provide coverage for all occurrences of bodily injury,
personal injury and/or property damage and workers compensation that have occurred or will have occurred prior to the Closing Date for which claims have been or will have been made or will be made in the future. 
 3.15 Environmental. To Seller’s and Company’s knowledge, since July 1, 1998, Company, its operations and facilities, and the Real
Property have been, and will continue to be as of the Closing Date, in compliance in all material respects with all local, state, and federal environmental laws, rules, and regulations and no environmental condition currently exists or, other than
as disclosed in environmental assessments provided to Buyer, has existed (including the presence, storage, release or disposal of hazardous substances) related thereto which would constitute a violation of any local, state, or federal environmental
law, rule, or regulation or result in any environmental penalty, fine, or liability of any kind or nature whatsoever. Company and Seller have provided Buyer with copies of any and all environmental reports, studies, memos, correspondence or other
documents whatsoever to their knowledge or in their possession conducted with respect to, or in any way relating to, the Real Property, the Company, its operations, and facilities. 
 3.16 Real Property. The Company has valid, good and marketable fee simple title to all the Real Property free and clear of all liens and
encumbrances whatsoever, excepting those which have been disclosed to Buyer on the title report delivered to Buyer. Seller has delivered to Buyer copies of the deeds and other instruments (as recorded) by which the Company acquired such Real
Property interests, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of Seller or the Company and relating to such property or interests. The Real Property, and the improvements, buildings and structures
thereon, (i) constitute all of the real property used or operated 

  

 9 

 
by the Company, and (ii) may continue to be used for the operation of its business as currently operated by the Company after the Closing. To
Seller’s knowledge, the Company holds all permits and licenses it is required to maintain in connection with the operation of the facilities located on the Real Property. The Company does not own or hold, and is not obligated under or a party
to, any option, right of first refusal or other contractual right to purchase, acquire, sell or dispose of the Real Property, or any portion thereof or interest therein. To Seller’s and Company’s knowledge, all improvements on the Real
Property are structurally sound and adequately supported by the soils and foundations thereunder and are free from material defects and any need for material repairs. The Real Property is serviced by utilities sufficient to enable the Real Property
and the improvements thereon to continue to be used in a manner consistent with Company’s past practice. 
 Section 4. Representations
and Warranties by Buyer. 
 Buyer represents and warrants to Seller that as of the date of this Agreement: 
 4.1 Corporate Standing. Buyer is a limited liability company duly organized, validly existing and in good standing under the laws of Delaware.

 4.2 Authorization. Buyer has all limited liability company power to enter into this Agreement and to consummate the transactions
contemplated hereby, and Buyer has taken all action required to be taken by it by law, the Buyer LLC Agreement, or otherwise to authorize or ratify the execution and delivery of this Agreement and the consummation of the transactions contemplated
hereby. Buyer has passed a binding Resolution (attached hereto as Exhibit F) that upon the Closing of this transaction, requires that Buyer shall amend the Buyer LLC Agreement to, reflect Midwest or Dover as a 2% Special Member effective as of the
Closing Date. 
 4.3 Familiarity with Business; AS IS, WHERE IS Sale. Buyer and its officers are familiar with the condition of
Company, its assets and facilities and the financial condition and the operations of Company’s business and have conducted all examinations and investigations with respect thereto as 

  

 10 

 
they have deemed necessary or desirable. Subject to the representations or warranties of Seller and Company and Dover and the other terms and conditions
contained in this Agreement, Buyer is proceeding with the Closing on an “AS IS, WHERE IS” basis with respect to Company, its assets and facilities based solely upon its working knowledge of Company’s business and any examinations and
investigations made prior to the Closing Date and not in reliance upon any representations or warranties of Seller or Company or Dover other than those contained in this Agreement. Buyer acknowledges that Company relied on Dover for administrative
or systems support (including financial, legal, human resources, information services, risk management and ticketing services) (collectively, “Management Services”) and prior to the Closing Date, Buyer and Dover shall negotiate a
management agreement (the “Management Agreement”) pursuant to which Dover will provide Management Services to Buyer for the racetrack facility on the Real Property and for the racetrack facility to be owned or operated by Buyer at the
Alabama Motorsports Park, a Dale Earnhardt, Jr. Speedway. 
 Section 5. Closing. 
 At the Closing, Seller and/or Company shall deliver to Buyer the following: 
  

	 	(a)	A copy of the Certificate of Incorporation of the Company; its By-Laws, minute book, share book and seal; a copy of the deed or deeds to the Real Property; a copy of the previously
existing title policy issued with respect to the Real Property, and all other papers relating to the title to such property; and all other books of account, records, and contracts of the Company; 

  

	 	(b)	Certificates for all of the Stock of the Company, duly endorsed for transfer, with proper state transfer tax stamps affixed, if applicable; 

  

 11 

	 	(c)	The resignations of each officer and director of the Company properly executed and duly accepted by the Company (other than the resignation of the Company’s vice president and
general manager); and 

  

	 	(d)	Such other deliverables as are expressly required by the terms of this Agreement. 

 Section 6. Indemnification. 
 6.1 As of the Closing Date, Seller agrees to defend, indemnify and hold harmless
Buyer from and against the following: 
 6.1.1 Breach or Misrepresentation. Any and all damage, loss, deficiency, cost or expense
resulting from a misrepresentation by Seller or Company or Dover in this Agreement or Seller’s or Company’s or Dover’s breach of any warranty in this Agreement, or from non-fulfillment of any obligations hereunder on the part of
Seller. 
 6.1.2 Lawsuits and Legal Matters Relating to This Transaction. Any and all claims, causes of action, actions, suits, other
proceedings, demands, assessments, outstanding orders, judgments, costs and reasonable legal and other expenses incident to the foregoing Section 6.1.1. 
 6.1.3 Insurance Claims. Any and all claims, causes of action, actions, suits, other proceedings, demands, penalties, fines, assessments, settlements, arbitrations, mediations, orders, losses, liabilities,
damages or judgments against Company or its officers, directors, members, managers, employees, servants, agents or assigns to the extent arising or accruing on or prior to the Closing Date, including the costs and reasonable legal and other expenses
incident to the foregoing, to the extent of a nature which would be covered by a broad form insurance policy or policies providing comprehensive general liability, automobile liability, workers’ compensation or employer’s liability
coverage, or to the extent that the insurance coverage referred to in Section 3.14 is inadequate or to the extent the insurers under such policies improperly deny coverage. 
  

 12 

 6.1.4 Other Lawsuits and Legal Matters. To the extent indemnification is not otherwise provided
under Section 6.1.1, 6.1.2 or 6.1.3, any and all claims, causes of action, actions, suits, other proceedings, demands, penalties, fines, assessments, settlements, arbitrations, mediations, orders, losses, liabilities, damages or judgments
against Company or its officers, directors, members, managers, employees, servants, agents or assigns to the extent but only to the extent arising or accruing on or prior to the Closing Date, including the costs and reasonable legal and other
expenses incident to the foregoing. 
 6.1.5 Environmental Claims Excluded. Unless addressed by Section 6.1.1, Seller shall have
no liability for claims arising from the environmental condition of the Real Property including any liability relating to the presence, storage, releases or disposed of hazardous substances. 
 6.2 As of the Closing Date, Buyer agrees to defend, indemnify and hold harmless Seller from and against the following: 
 6.2.1 Breach or Misrepresentation. Any and all damage, loss, deficiency, cost or expense resulting from a misrepresentation by Buyer in this
Agreement or Buyer’s breach of any warranty in this Agreement, or from non-fulfillment of any obligations hereunder on the part of Buyer. 
 6.2.2 Lawsuits and Legal Matters Relating to This Transaction. Any and all claims, causes of actions, actions, suits, other proceedings, demands, assessments, outstanding orders, judgments, costs and reasonable legal and other
expenses incident to the foregoing Section 6.2.1. 
 6.3 Survival. The indemnification obligations contained in this Section
shall expire two (2) years from the Closing Date, except for those arising from (i) Taxes, which will expire six months after the expiration of the statute of limitations on any such Tax deficiency, (ii) the indemnification
obligations contained in Section 6.1.3, which shall expire, when applicable, six (6) months after expiration of the applicable statutes of limitations if not brought/asserted by that time, and (iii) a 

  

 13 

 
breach of the representations and warranties contained in Section 3.3, 3.4 or 3.7, which shall not expire. 
 6.4 Notice of Claims. Each party shall give the other party prompt notice of any claim by third parties which, if successful, would result in any
obligation or liability covered by the indemnification provided for in this Agreement and shall promptly tender the defense of same to the potential indemnifying party. The tendering party shall have the right, at its own expense, to participate in
the defense of any litigation and to participate in any settlement negotiations or alternative dispute resolution process with respect to any such third-party claim. 
 6.5 Liability Cap; No Consequential Damages. Neither party shall be liable to the other under this Section for indemnification obligations in excess of $2,000,000, except that no indemnification cap shall exist
for claims arising (i) under Section 6.1.3, (ii) from a breach of a covenant contained herein or any obligation imposed after the date hereof, including those relating to Taxes under Section 11.2, (iii) from a breach of a
representation or warranty contained in Sections 3.3, 3.4, 3.7 or 3.10. Neither party shall be liable to the other for that party’s lost profits or other consequential or incidental damages. However, to the extent that a third party’s
claim otherwise covered by the indemnity obligations herein includes such damages, the preceding sentence shall not apply. In the event that this transaction does not close due to Buyer’s failure to receive Project Funding, Seller’s sole
and exclusive remedy against Buyer shall be Seller’s entitlement to retain the $100,000 non-refundable deposit which shall serve as liquidated damages. Otherwise, following Closing nothing contained in this Section shall limit Seller’s
ability to sue for and recover the balance of the Cash Purchase price if not paid as provided herein or Buyer’s ability to require transfer of the Stock as provided herein. 
  

 14 

 6.6 Insurance Offset. To the extent that a party has insurance to cover a claim subject to
indemnification hereunder, this agreement is not intended to waive any rights to coverage and the indemnifying party shall have the right to pursue collection of insurance proceeds. 
 Section 7. Conduct of Business. 
 Between the date of execution hereof and the
Closing Date, Seller will cause Company to conduct Company’s business in the usual, regular and ordinary course in substantially the same manner as previously conducted. Seller will not dispose of any of its Real Property or Property, cause or
allow Company to make distributions of any kind outside the ordinary course of business consistent with past practice, or cause or allow Company to incur any expense outside the ordinary course of business consistent with past practice, prior to the
Closing Date without the prior consent of Buyer. On the Closing Date, Company shall have working capital (but no cash) consistent with that reflected on the Financial Statements, subject to fluctuations in the ordinary course of business as allowed
under the terms hereof. Seller will not cause Company to delay payables or accelerate receivables outside the ordinary course of business consistent with past practice. Seller and Company represent and warrant that, other than with respect to
general economic conditions and their effect on the motorsports industry, there has not been as of December 31, 2008 nor as of the date of the execution of this Agreement: (i) any material adverse change in the Company’s financial
condition, Real Property, Property, liabilities, or business, other than changes in the ordinary course of business; (ii) any damage, destruction or loss materially and adversely affecting the Real Property, Property or business; or
(iii) any event or condition of any character materially adversely affecting the Company’s business. Should any of the foregoing occur between the date of execution of this Agreement and the Closing Date, Seller and Company will promptly
inform Buyer. 
  

 15 

 Section 8. Risk of Loss. 
 In the event of any destruction, theft, loss or damage to Company’s Real Property or Property prior to the Closing Date, Seller shall assign to Buyer
its right to recover insurance proceeds but shall have no other liability to Buyer (other than satisfaction of the deductible). Notwithstanding the foregoing, if, prior to the Closing Date, the Real Property is (i) condemned in whole or in
part, or (ii) damaged or destroyed in an amount exceeding $500,000, then in the event that these occurrences can reasonably be expected to result in a loss to the Company of any of its three major sanctioned races, this Agreement shall become
null and void at Buyer’s option (to be exercised within thirty (30) days) or Buyer may renegotiate with Seller a new mutually agreeable Purchase Price. 
 Section 9. Public Announcements. 
 The initial press release with respect to the execution of this
Agreement shall be a joint press release acceptable to Buyer and Seller. Thereafter, prior to Closing, Buyer and Seller shall consult with each other before issuing any press release with respect to the transactions contemplated by this Agreement
and shall not issue any such press release prior to such consultation and review by the other party of such release, except as may be required by law, court process or by obligations pursuant to any listing agreement with a national securities
exchange. The parties agree that prior to Closing, any public statements they make shall be consistent with such press releases. 
 Section 10. Employee Benefits. 
 Company has no employee benefit plans other than those established
by Dover and participation by Company’s employees in benefits provided by Dover shall cease on the Closing Date provided, however, that Seller and/or Dover shall be responsible for providing Company’s employees all benefits, such as vested
pension benefits, earned or accrued as of the Closing Date (but excluding vacation pay properly accrued on the Financial Statements). Dover shall provide Buyer with benefits 

  

 16 

 
related information prior to the Closing Date. Buyer agrees to provide substantially comparable benefits to Company employees post closing (excluding
pension). 
 Section 11. Tax Matters. 
 11.1 Section 338(h)(10) Election. Buyer and Seller intend that for income tax purposes this stock purchase transaction will be treated as a purchase for cash of the assets of Company. To the extent Buyer
elects to form a wholly owned corporate subsidiary to act as Buyer hereunder, Buyer and Seller are eligible to and shall make a timely and effective joint election (the “338(h)(10) Election”) under Section 338(h)(10) of the Internal
Revenue Code. No later than ten (10) days prior to the Closing Date, Seller will deliver to Buyer a completed Internal Revenue Form 8023-A and the required schedules (the “Form”) providing for the 338(h)(10) Election. If any changes
or supplements are required to the Form, Seller and Buyer will promptly agree on such changes. Seller and Buyer shall execute the Form on or prior to the Closing Date. After the Closing Date, Seller will file the Form, and any required supplements,
and will provide assurance to Buyer that it has done so. Buyer shall provide such information as Seller may request from it in order to prepare the Form and any required supplements. None of Buyer, Seller and their affiliates shall take any action
or fail to take any action which would cause the 338(h)(10) Election not to be made; provided that if Buyer does not elect to form a wholly owned corporate subsidiary to act as Buyer hereunder, then the foregoing covenants of Buyer contained in this
Section 11.1 shall be void. 
 11.2 Liability for Taxes. Seller shall be liable for, and shall indemnify and hold Buyer harmless
from any Taxes imposed on Company for any taxable period, or portion thereof, ending on or before the Closing Date. Buyer shall be liable for, and shall indemnify and hold Seller harmless from any Taxes imposed on Company for any taxable period
beginning after the Closing Date. Buyer agrees to pay to Seller any refund received (whether by payment, credit, offset or otherwise) after the Closing Date by Buyer or Company, in respect of any Taxes for which Seller is liable hereunder. 

  

 17 

 
Seller agrees to pay to Buyer any refund received (whether by payment, credit, offset or otherwise) by Seller in respect of any Taxes for which Buyer is
liable hereunder. The parties shall cooperate in order to take all necessary steps to claim any such refund. Any such refund received by a party or its affiliate for the account of the other party shall be paid to such other party within thirty
(30) days of receipt. Any sales, use, real property transfer, or similar taxes arising from the transactions contemplated by this Agreement shall be the responsibility of Buyer except as otherwise specified herein, such as any applicable stock
transfer tax (which shall be the responsibility of Seller). 
 All income and deductions of Company for periods ending on or prior to the
Closing Date will be included in the consolidated federal income tax returns of Dover’s consolidated tax group. Buyer and Company, shall cooperate with Dover and shall make available all necessary records and timely take all action necessary to
allow Dover or its affiliates to prepare and file its returns. 
 In the event Buyer or Seller (the “Receiving Party”) receives notice of any
examination, claim, adjustment, or other proceeding with respect to the liability of Company for Taxes for any period for which the other party is or may be liable hereunder(the “Liable Party”) the Receiving Party shall immediately notify
the Liable Party in writing and the Liable Party shall be entitled at its expense to control or settle the contest of such examination, claim, adjustment, or other proceeding, provided it may not, without the consent of the Receiving Party agree to
any settlement which could result in an increase in the amount of Taxes for which the Receiving Party is liable hereunder. The parties shall cooperate with each other and will consult with each other, in the negotiation and settlement of any
proceeding. The parties will preserve and retain all returns, schedules, work papers and all material records or other documents relating to any such returns, claims, audits, or other proceedings until the expiration of the statutory period of
limitations (including extensions) of the taxable periods to which such documents relate and until the final determination of any payments which may be required with respect to such periods under this Agreement and shall make such documents
available at the then 

  

 18 

 
current administrative headquarters of such party to the other party upon reasonable notice and at reasonable times, it being understood that such
representatives shall be entitled to make copies of any such books and records relating to Company and interview employees as they shall deem necessary. 
 Section 12. Certain Insurance Matters. 
 All insurance policies maintained by Dover for the benefit of Company shall
terminate at the end of the Closing Date or on such other date as may be mutually agreed upon by both Buyer and Seller. Coverage for matters occurring prior to the Closing Date shall not be affected by such termination. If requested by Buyer ,
Dover, Seller, and Company agree to provide Buyer with copies of these policies and all relevant information relating thereto prior to the Closing Date and to reasonably assist Buyer with the timely renewal thereof. 
 Section 13. Miscellaneous. 
 13.1 Notices. All notices, requests, demands, waivers and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been duly given if delivered by a recognized
overnight delivery service, in person or mailed, certified or registered mail with postage prepaid, or sent by telecopier, as follows: 
  

	 	(a)	if to Seller, to: 

 Denis McGlynn 
 President and CEO 
 Midwest Racing, Inc.

 c/o Dover Motorsports, Inc. 
 1131 N. DuPont Highway 
 Dover, DE 19903 
 Telephone: 302-857-3200 
 Facsimile: 302-734-3142 
  

 19 

 in each case, with a copy to: 
 Klaus M. Belohoubek 
 Senior Vice
President-General Counsel 
 Midwest Racing, Inc. 
 c/o Dover Motorsports, Inc. 
 3505 Silverside Road 
 Plaza Centre Bldg., Suite 203 
 Wilmington, DE
19810 
 Telephone: 302-475-6756 
 Facsimile: 302-477-3555 
  

	 	(b)	if to Buyer, to: 

 Mike Dow 
 President and Managing Member 
 Gulf
Coast Entertainment, L.L.C. 
 P.O. Box 241 
 Mobile, AL 36601 
 Office Telephone: 251-431-9882 
 Cell Phone: 251-604-4747 
 Facsimile:
251-431-9867 
 in each case, with a copy to: 
 Ben Kilborn 
 Director of Operations 
 Gulf Coast Entertainment, L.L.C. 
 P.O. Box
241 
 Mobile, AL 36601 
 Office Telephone: 251-431-9882 ext. 3 
 Facsimile: 251-431-9867 
 In each case with a copy to: 
 Bill Futterer

 Futterer Partners LLC 
 4030
Wake Forest Road 
 Suite 300 
 Raleigh, NC 27609 
 Office Telephone: 919-522-4773 
 Facsimile: 919-719-2710 
 or to such other person or address as any party shall specify by notice in writing to each of the
other parties. All such notice, requests, demands, waivers and communications shall be deemed to have been received on the date of delivery. 
  

 20 

 13.2 Entire Agreement. This Agreement, the Confidentiality Agreement, and the other documents
referred to herein or delivered pursuant hereto, collectively contain the entire understanding of the parties hereto with respect to the subject matter contained herein and supersede all prior agreements and understandings, oral and written, with
respect thereto. 
 13.3 Binding Effect; Benefit; Assignment. This Agreement shall inure to the benefit of and be binding upon the
parties hereto, but neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto without the prior written consent of the other parties; provided that Buyer may assign this Agreement
to a wholly owned subsidiary provided that it remain secondarily liable hereunder. Except as provided in the immediately preceding sentence, nothing in this Agreement, expressed or implied, is intended to confer on any person other than the parties
hereto or their respective successors and permitted assigns, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 
 13.4 Amendment and Modification. This Agreement may only be amended, modified and supplemented in writing by the parties hereto. 
 13.5 Further Actions. Each of the parties hereto agrees that, except as otherwise provided in this Agreement and subject to its legal obligations and fiduciary duties, it will use its commercially reasonable best efforts to do all
things reasonably necessary to consummate the transactions contemplated hereby. 
 13.6 Enforcement. Except for the ability of the
Buyer and Seller not to close this transaction for the valid reasons set forth herein and except for those reasons resulting in the Seller’s right to retain the $100,000 non-refundable deposit as its sole and exclusive remedy, the parties
otherwise agree that irreparable damage would occur in the event that any of the remaining provisions of this Agreement were not performed in accordance with their specific terms. It is accordingly agreed that under such circumstances the parties
shall be entitled to specific performance of the terms hereof, this being in 

  

 21 

 
addition to any other remedy to which they are entitled at law or in equity. Each of the parties hereto (a) irrevocably and unconditionally consents to
submit to the jurisdiction of any state court located in the County of New Castle, State of Delaware or in the United States District Court for the District of Delaware for the purpose of any action arising out of or based upon this Agreement or any
of the transactions contemplated by this Agreement brought by any party hereto and for the recognition and enforcement of any judgment rendered in respect thereof, and (b) waives, and agrees not to assert by way of motion, as a defense, or
otherwise, in any such action, any claim that it is not subject to the personal jurisdiction of the above-named courts, that its assets or property is exempt or immune from attachment or execution, that the actions brought in an inconvenient forum,
that the venue of the action is improper, or that this Agreement or the transactions contemplated by this Agreement may not be enforced in or by any of the above-named courts. 
 13.7 Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original, and all of which
together shall be deemed to be one and the same instrument. 
 13.8 Applicable Law. This Agreement and the legal relations between the
parties hereto shall be governed by and construed in accordance with the Laws of the State of Delaware (without regard to the conflict of laws rules thereof). 
 13.9 Severability. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void, unenforceable or against its
regulatory policy, the remainder of the terms, provisions, covenants and restrictions contained in this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 
  

 22 

 13.10 Waiver of Jury Trial. Each of the parties to this Agreement hereby irrevocably waives all
right to a trial by jury in any action, proceeding or counterclaim arising out of or relating to this Agreement or the transactions contemplated hereby. 
 13.11 Time. Time is of the essence with respect to this Agreement and the transactions contemplated hereby. 
 IN WITNESS WHEREOF, Buyer and Seller have caused this Agreement to be executed by its duly authorized officers as of the date first above written. 
  

			
	Midwest Racing, Inc.
		
	By:	 	 /s/ Denis McGlynn

	Name:	 	Denis McGlynn
	Title:	 	President and Chief Executive Officer
	
	 Memphis International Motorsports Corporation d/b/a
 Memphis Motorsports Park

		
	By:	 	 /s/ Denis McGlynn

	Name:	 	Denis McGlynn
	Title:	 	President and Chief Executive Officer
	
	Dover Motorsports, Inc.
		
	By:	 	 /s/ Denis McGlynn

	Name:	 	Denis McGlynn
	Title:	 	President and Chief Executive Officer
	
	Gulf Coast Entertainment L.L.C.
		
	By:	 	 /s/ Michael C. Dow

	Name:	 	Michael C. Dow
	Title:	 	President and Managing Member

  

 23

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00152-of-00352.parquet"}]]