Document:

Amend. and Restated Pledge Agreement dated of January 28, 2011

 Exhibit 10.35 
 AMENDED AND RESTATED PLEDGE AGREEMENT 
 This AMENDED AND RESTATED PLEDGE
AGREEMENT dated as of January 28, 2011 (as amended and modified, this “Pledge Agreement”) by those parties identified as “Pledgors” on the signature pages hereto and such other parties as may become Pledgors hereunder
after the date hereof (the “Pledgors”) in favor of BANK OF AMERICA, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) for the Lenders (as hereinafter defined) under the Credit Agreement
described below amends and restates that certain Existing Pledge Agreement (as defined below). 
 RECITALS 

A. The Lenders have made loans and extensions of credit to Speedway Motorsports, Inc., a Delaware corporation (“Speedway
Motorsports”), and Speedway Funding, LLC, a Delaware limited liability company (“Speedway Funding” — hereinafter Speedway Motorsports and Speedway Funding may be referred to collectively as the
“Borrowers”), upon the terms and conditions provided in that Amended and Restated Credit Agreement dated as July 14, 2009 (as amended, modified, renewed, restated, replaced or supplemented prior to the date hereof, the
“Existing Credit Agreement”) among the Borrowers, the Guarantors, the several banks and financial institutions identified therein and Bank of America, N.A., as Administrative Agent. 

B. In connection with the Existing Credit Agreement, the Borrowers, the Guarantors and the Administrative Agent entered into that certain
Pledge Agreement dated as of July 14, 2009 (as amended, modified, extended, renewed, restated, replaced or supplemented prior to the date hereof, the “Existing Pledge Agreement”). 

C. The Borrowers, the Guarantors, the Lenders and the Administrative Agent have entered into that certain Amended and Restated Credit
Agreement dated as of the date hereof (as amended, modified, extended, renewed, restated, replaced or supplemented from time to time, the “Credit Agreement”), pursuant to which the Existing Credit Agreement has been amended and
restated and the obligations under the Existing Credit Agreement have been continued. 
 D. In connection with the Credit
Agreement, the Lenders and the Pledgors have agreed to amend and restate (but not effect a novation of) the Existing Pledge Agreement in accordance with the terms of this Pledge Agreement. 

AGREEMENT 

NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent and the Lenders to enter into the Credit
Agreement and to induce the Lenders to make their respective loans and extensions of credit thereunder, the Pledgors hereby agree with the Administrative Agent, for the ratable benefit of the holders of the Secured Obligations, to amend and restate
the Existing Pledge Agreement in its entirety as follows: 
 1. Defined Terms. (a) Unless otherwise defined herein,
terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
 (b) The
following terms shall have the following meanings: 
 “Collateral”: the Pledged Stock and all
Proceeds thereof. 

 “Collateral Account”: any account established to hold money
Proceeds, maintained under the sole dominion and control of the Administrative Agent, subject to withdrawal by the Administrative Agent for the account of the Lenders as provided in Section 8(a) hereof. 

“Issuers”: the collective reference to the companies identified on Schedule 1 hereto as the
issuers of the Pledged Stock; individually, each an “Issuer.” 
 “Pledged
Stock”: with respect to each Pledgor, (a) 100% of the issued and outstanding Capital Stock of each Domestic Subsidiary that is directly owned by such Pledgor and (b) 65% of the issued and outstanding Capital Stock entitled to vote
(within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Capital Stock not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) of each Foreign Subsidiary that is directly owned
by such Pledgor, including without limitation the Capital Stock of the Subsidiaries owned by such Pledgor as set forth on Schedule 1 hereto, in each case together with the certificates (or other agreements or instruments), if any,
representing such Capital Stock, and all options and other rights, contractual or otherwise, with respect thereto, including, but not limited to, the following: 
 (i) all Capital Stock representing a dividend thereon, or representing a distribution or return of capital upon or in respect thereof, or resulting from a stock split, revision, reclassification or other
exchange therefor, and any subscriptions, warrants, rights or options issued to the holder thereof, or otherwise in respect thereof; and 
 (ii) in the event of any consolidation or merger involving the Issuer thereof and in which such Issuer is not the surviving Person, all shares of each class of the Capital Stock of the successor Person
formed by or resulting from such consolidation or merger, to the extent that such successor Person is a direct Subsidiary of a Pledgor. 
 “Proceeds”: all “proceeds” as such term is defined in the Uniform Commercial Code as in effect in the State of North Carolina on the date hereof. 

“Secured Obligations”: without duplication, (i) all Obligations and (ii) all costs and expenses
incurred in connection with enforcement and collection of the Obligations, including the Attorney Costs. 

“Securities Act”: the Securities Act of 1933, as amended. 

“Uniform Commercial Code” or “UCC”: the Uniform Commercial Code from time to time in
effect in the State of North Carolina. 
 (c) The words “hereof,” “herein” and
“hereunder” and words of similar import when used in this Pledge Agreement shall refer to this Pledge Agreement as a whole and not to any particular provision of this Pledge Agreement, and section and paragraph references are to this
Pledge Agreement unless otherwise specified. 
 (d) The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms. 
 2. Pledge; Grant of Security Interest. Each of the
Pledgors hereby grants to the Administrative Agent, for the benefit of the holders of the Secured Obligations, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Pledgor in the
Collateral, whether 

  
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now owned or hereafter acquired, as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured
Obligations. 
 Without limiting the generality of the foregoing, it is hereby specifically understood and agreed that the
Pledgor may from time to time hereafter deliver additional Capital Stock to the Administrative Agent as collateral security for the Secured Obligations. Upon delivery to the Administrative Agent, such additional Capital Stock shall be deemed to be
part of the Collateral and shall be subject to the terms of this Pledge Agreement whether or not Schedule 1 is amended to refer to such additional Capital Stock. 
 3. Stock Powers. Concurrently with the delivery to the Administrative Agent of each certificate representing one or more shares of Pledged Stock, each of the Pledgors shall deliver an undated stock
power in substantially the form of Schedule 2 hereto covering such certificate, duly executed in blank with, if the Administrative Agent so requests, signature guaranteed. 

4. Representations and Warranties. Each Pledgor represents and warrants that: 

(a) The Pledged Stock constitutes (i) 100% of the issued and outstanding shares of all classes of capital stock of
each Domestic Subsidiary of the Borrowers (other than Unrestricted Subsidiaries) and (ii) 65% (or such greater percentage which would not result in material adverse tax consequences) of the issued and outstanding capital stock entitled to vote
(within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding capital stock not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) of each Foreign Subsidiary of the Borrowers.

 (b) All of the Pledged Stock has been duly and validly issued and are fully paid and nonassessable.

 (c) The Pledgor is the record and beneficial owner of, and has good and marketable title to, the Pledged Stock
of such Pledgor, free of any and all Liens or options in favor of, or claims of, any other Person, except the security interests created by this Pledge Agreement. 

(d) Upon delivery to the Administrative Agent of any stock certificates evidencing the Pledged Stock, the security
interest created by this Pledge Agreement will constitute a valid, perfected first priority security interest in the Collateral, enforceable in accordance with its terms against all creditors of the Pledgor and any Persons purporting to purchase any
Collateral from the Pledgor, except as affected by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether
considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 
 (e)
Except as previously disclosed to the Administrative Agent, none of the Pledged Stock consisting of partnership or limited liability company interests (i) is dealt in or traded on a securities exchange or in a securities market, (ii) by
its terms expressly provides that it is a security governed by Article 8 of the UCC, (iii) is an investment company security, (iv) is held in a securities account or (v) constitutes a “Security” (as such term is defined in
the UCC). 

  
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 5. Covenants. Each Pledgor covenants and agrees with the Administrative Agent and the
Lenders that, from and after the date of this Pledge Agreement until the Secured Obligations under the Credit Agreement have been satisfied in full and the Commitments have been terminated: 

(a) If the Pledgor shall, as a result of its ownership of the Pledged Stock, become entitled to receive or shall receive
any stock certificate (including, without limitation, any certificate representing a stock dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate issued in connection with any
reorganization), option or rights, whether in addition to, in substitution of, as a conversion of, or in exchange for any shares of the Pledged Stock, or otherwise in respect thereof, the Pledgor shall accept the same as the agent of the
Administrative Agent and the Lenders, hold the same in trust for the Administrative Agent and the Lenders and deliver the same forthwith to the Administrative Agent in the exact form received, duly indorsed by the Pledgor to the Administrative
Agent, if required, together with an undated stock power covering such certificate duly executed in blank by the Pledgor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to the
terms hereof, as additional collateral security for the Secured Obligations. Any sums paid to a Pledgor upon or in respect of the Pledged Stock upon the liquidation or dissolution of any Issuer shall be paid over to the Administrative Agent to be
held by it hereunder as additional collateral security for the Secured Obligations, and in case any distribution of capital shall be made on or in respect of the Pledged Stock or any property shall be distributed upon or with respect to the Pledged
Stock pursuant to the recapitalization or reclassification of the capital of the Issuer or pursuant to the reorganization thereof, the property so distributed shall be delivered to the Administrative Agent to be held by it hereunder as additional
collateral security for the Secured Obligations. If any sums of money or property so paid or distributed in respect of the Pledged Stock shall be received by the Pledgor, the Pledgor shall, until such money or property is paid or delivered to the
Administrative Agent, hold such money or property in trust for the Lenders, segregated from other funds of the Pledgor, as additional collateral security for the Secured Obligations. 

(b) Without the prior written consent of the Administrative Agent, the Pledgor will not (i) vote to enable, or take
any other action to permit, any Issuer to issue any stock or other equity securities of any nature or to issue any other securities convertible into or granting the right to purchase or exchange for any stock or equity securities of any nature of
any Issuer, (ii) sell, assign, transfer, exchange, or otherwise dispose of, or grant any option with respect to, the Collateral, (iii) create, incur or permit to exist any Lien or option in favor of, or any claim of any Person with respect
to, any of the Collateral, or any interest therein, except for the security interests created by this Pledge Agreement or (iv) enter into any agreement or undertaking restricting the right or ability of the Pledgor or the Administrative Agent
to sell, assign or transfer any of the Collateral. 
 (c) The Pledgor shall maintain the security interests
created by this Pledge Agreement as first, perfected security interests and shall defend such security interests against claims and demands of all Persons whomsoever. At any time and from time to time, upon the written request of the Administrative
Agent, and at the sole expense of the Pledgor, the Pledgor will promptly and duly execute and deliver such further instruments and documents and take such further actions as the Administrative Agent may reasonably request for the purposes of
obtaining or preserving the full benefits of this Pledge Agreement and of the rights and powers herein granted. If any amount payable under or in connection with any of the Collateral shall be or become evidenced by any promissory note, other
instrument or chattel paper, such promissory note, instrument or chattel paper shall be immediately delivered to the Administrative Agent, duly endorsed in a manner satisfactory to the Administrative Agent, to be held as Collateral pursuant to this
Pledge Agreement. 

  
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 (d) The Pledgor shall pay, and save the Administrative Agent and the Lenders
harmless from, any and all liabilities with respect to, or resulting from any delay in paying, any and all stamp, excise, sales or other taxes which may be payable or determined to be payable with respect to any of the Collateral or in connection
with any of the transactions contemplated by this Pledge Agreement, except for any such liabilities which result from the gross negligence or willful misconduct of the Administrative Agent. 

(e) The Pledgor shall not, without executing and delivering, or causing to be executed and delivered, to the
Administrative Agent such agreements, documents and instruments as the Administrative Agent may require, issue or acquire any Capital Stock consisting of an interest in a partnership or a limited liability company that (i) is dealt in or traded
on a securities exchange or in a securities market, (ii) by its terms expressly provides that it is a security governed by Article 8 of the UCC, (iii) is an investment company security, (iv) is held in a securities account or
(v) constitutes a “Security (as such term is defined in the UCC). 
 6. Cash Dividends; Voting Rights. Unless
an Event of Default has occurred and the Administrative Agent has given notice to the Pledgors of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7 hereof, the Pledgors shall be permitted
to receive all cash dividends, to the extent permitted in the Credit Agreement, in respect of the Pledged Stock and to exercise all voting and corporate rights with respect to the Pledged Stock; provided, however, that no vote shall be
cast or corporate right exercised or other action taken which, in the Administrative Agent’s reasonable judgment, would impair the Collateral or which would be inconsistent with or result in any violation of any provision of the Credit
Agreement, this Pledge Agreement or any other Credit Document. 
 7. Rights of the Lenders and the Administrative Agent.
(a) All money Proceeds received by the Administrative Agent hereunder shall be held by the Administrative Agent for the benefit of the Lenders in a Collateral Account. All Proceeds while held by the Administrative Agent in a Collateral Account
(or by the Pledgors in trust for the Administrative Agent and the Lenders) shall continue to be held as collateral security for all the Secured Obligations and shall not constitute payment thereof until applied as provided in
Section 8(a) hereof. 
 (b) At any time after an Event of Default has occurred and the Administrative Agent has
given notice to the Pledgors of its intent to exercise the following rights to the Pledgors, (i) the Administrative Agent shall have the right to receive any and all cash dividends paid in respect of the Pledged Stock and make application
thereof to the Secured Obligations in the order set forth is Section 9.3 of the Credit Agreement, and (ii) all of the Pledged Stock shall be registered in the name of the Administrative Agent or its nominee, and the Administrative Agent or
its nominee may thereafter exercise (A) all voting, corporate and other rights pertaining to the Pledged Stock at any meeting of shareholders of any Issuer or otherwise and (B) any and all rights of conversion, exchange, subscription and
any other rights, privileges or options pertaining to the Pledged Stock as if it were the absolute owner thereof (including, without limitation, the right to exchange at its discretion any and all of the Pledged Stock upon the merger, consolidation,
reorganization, recapitalization or other fundamental change in the corporate structure of any Issuer, or upon the exercise by any Pledgor or the Administrative Agent of any right, privilege or option pertaining to the Pledged Stock, and in
connection therewith, the right to deposit and deliver any and all of the Pledged Stock with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Administrative Agent may determine),
all without liability except to account for property actually received by it, but the Administrative Agent shall have no duty to the Pledgors to exercise any such right, privilege or option and shall not be responsible for any failure to do so or
delay in so doing. 

  
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 8. Remedies. (a) At any time after an Event of Default has occurred, at the
Administrative Agent’s election, the Administrative Agent may apply all or any part of Proceeds held in any Collateral Account in payment of the Secured Obligations in the order set forth in Section 9.3 of the Credit Agreement. 

(b) At any time after an Event of Default has occurred, the Administrative Agent, on behalf of the Lenders, may exercise, in addition to
all other rights and remedies granted in this Pledge Agreement and in any other instrument or agreement securing, evidencing or relating to the Secured Obligations, all rights and remedies of a secured party under the Uniform Commercial Code.
Without limiting the generality of the foregoing, the Administrative Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon the
Pledgors or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize upon the Collateral, or any part thereof, and/or may
forthwith sell, assign, give an option or options to purchase or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more parcels at public or private sale or sales, in the
over-the-counter market, at any exchange, broker’s board or office of the Administrative Agent or any Lender or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on credit or
for future delivery without assumption of any credit risk. The Administrative Agent or any Lender shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such private sale or sales, to purchase the
whole or any part of the Collateral so sold, free of any right or equity of redemption in any Pledgor, which right or equity of redemption is hereby waived and released. The Administrative Agent shall apply any Proceeds from time to time held by it
and the net proceeds of any such collection, recovery, receipt, appropriation, realization or sale, after deducting all reasonable costs and expenses of every kind incurred in respect thereof or incidental to the care or safekeeping of any of the
Collateral or in any way relating to the Collateral or the rights of the Administrative Agent and the Lenders hereunder, including, without limitation, reasonable attorneys’ fees and disbursements of counsel to the Administrative Agent, to the
payment in whole or in part of the Secured Obligations, in the order set forth in Section 9.3 of the Credit Agreement, and only after such application and after the payment by the Administrative Agent of any other amount required by any
provision of law, need the Administrative Agent account for the surplus, if any, to any Pledgor. To the extent permitted by applicable law, each Pledgor waives all claims, damages and demands it may acquire against the Administrative Agent or any
Lender arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least twenty
(20) days before such sale or other disposition. The Pledgors shall remain liable for any deficiency if the proceeds of any sale or other disposition of Collateral are insufficient to pay the Secured Obligations and the reasonable fees and
disbursements of any attorneys employed by the Administrative Agent or any Lender to collect such deficiency. 
 9.
Registration Rights; Private Sales. (a) If the Administrative Agent shall determine to exercise its right to sell any or all of the Pledged Stock pursuant to Section 8 hereof, and if in the opinion of the Administrative Agent
it is necessary or advisable to have the Pledged Stock, or that portion thereof to be sold, registered under the provisions of the Securities Act, the Pledgors will cause the Issuer thereof to (i) execute and deliver, and cause the directors
and officers of such Issuer to execute and deliver, all such instruments and documents, and do or cause to be done all such other acts as may be, in the opinion of the Administrative Agent, necessary or advisable to register the Pledged Stock, or
that portion thereof to be sold, under the provisions of the Securities Act, (ii) to use its best efforts to cause the registration statement relating thereto to become effective and to remain effective for a period of one year from the date of
the first public offering of the Pledged Stock, or that portion thereof to be sold, and (iii) to make all amendments thereto and/or to the related prospectus which, in the opinion of the Administrative Agent, are necessary or advisable, all in
conformity with the requirements of the Securities Act and the 

  
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rules and regulations of the SEC applicable thereto. Each Pledgor acknowledges and agrees to cause such Issuer to comply with the provisions of the securities or “Blue Sky” laws of any
and all jurisdiction which the Administrative Agent shall designate and to make available to its security holders, as soon as practicable, an earnings statement (which need not be audited) which will satisfy the provisions of Section 11(a) of
the Securities Act. 
 (b) Each Pledgor recognizes that the Administrative Agent may be unable to effect a public sale of any or
all the Pledged Stock, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws or otherwise, and may be compelled to resort to one or more private sales thereof to a restricted group of purchasers which
will be obligated to agree, among other things, to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof. Each Pledgor agrees that any such private sale may result in prices and other
terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made in a commercially reasonable manner. The Administrative Agent shall be under no
obligation to delay a sale of any of the Pledged Stock for the period of time necessary to permit the Issuer thereof to register such securities for public sale under the Securities Act, or under applicable state securities laws, even if such Issuer
agrees to do so. 
 (c) Each Pledgor further agrees to use its commercially reasonable efforts to do or cause to be done all
such other acts as may be necessary to make such sale or sales of all or any portion of the Pledged Stock pursuant to Sections 8 and 9(a) valid and binding and in compliance with any and all other applicable Requirements of Law. Each
Pledgor further agrees that a breach of any of the covenants contained in Sections 8 and 9(a) will cause irreparable injury to the Administrative Agent and the Lenders, that the Administrative Agent and the Lenders have no adequate
remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in Sections 8 and 9(a) shall be specifically enforceable against such Pledgor, and such Pledgor hereby waives and agrees not to
assert any defenses against an action for specific performance of such covenants except for a defense that no Event of Default has occurred. 
 10. Irrevocable Authorization and Instruction to Issuer. Each Pledgor hereby authorizes and instructs each Issuer to comply with any instruction received by it from the Administrative Agent in
writing that (a) states that an Event of Default has occurred and (b) is otherwise in accordance with the terms of this Pledge Agreement, without any other or further instructions from such Pledgor, and such Pledgor agrees that each Issuer
shall be fully protected by the Pledgors in so complying. 
 11. Administrative Agent’s Appointment as
Attorney-in-Fact. (a) Each Pledgor hereby irrevocably constitutes and appoints the Administrative Agent and any officer or agent of the Administrative Agent, with full power of substitution, as its true and lawful attorney-in-fact with
fully irrevocable power and authority in the place and stead of such Pledgor and in the name of such Pledgor or in the Administrative Agent’s own name, from time to time in the Administrative Agent’s discretion, for the purpose of carrying
out the terms of this Pledge Agreement, to take any and all appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of this Pledge Agreement, including, without
limitation, any financing statements, endorsements, assignments or other instruments of transfer. 
 (b) Each Pledgor hereby
ratifies all that said attorneys shall lawfully do or cause to be done pursuant to the power of attorney granted in Section 11(a) hereof. All powers, authorizations and agencies contained in this Pledge Agreement are coupled with an
interest and are irrevocable until the Secured Obligations have been satisfied in full and the Commitments have been terminated. 
 12. Duty of Administrative Agent. The Administrative Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its possession, under
Section 9-207 of 

  
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the Uniform Commercial Code or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar securities and property for its own account, except that the
Administrative Agent shall have no obligation to invest funds held in any Collateral Account and may hold the same as demand deposits. Neither the Administrative Agent, any Lender nor any of their respective directors, officers, employees or agents
shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Pledgor or any other Person or
to take any other action whatsoever with regard to the Collateral or any part thereof. 
 13. Authorization of Financing
Statements. Pursuant to Section 9-708 of the Uniform Commercial Code, each Pledgor authorizes the Administrative Agent to prepare and file financing statements with respect to the Collateral in such form and in such filing offices as the
Administrative Agent reasonably determines appropriate to perfect the security interests of the Administrative Agent under this Pledge Agreement. Such financing statements may describe the collateral in the same manner as described herein or may
contain an indication or description of collateral that describes such property in any other manner as the Administrative Agent may determine is necessary or advisable to ensure the perfection of the security interest in the collateral granted to
the Administrative Agent in connection herewith. 
 14. Authority of Administrative Agent. Each Pledgor acknowledges that
the rights and responsibilities of the Administrative Agent under this Pledge Agreement with respect to any action taken by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option, voting right, request,
judgment or other right or remedy provided for herein or resulting or arising out of this Pledge Agreement shall, as between the Administrative Agent and the Lenders, be governed by the Credit Agreement and by such other agreements with respect
thereto as may exist from time to time among them, but, as between the Administrative Agent and such Pledgor, the Administrative Agent shall be conclusively presumed to be acting as agent for the Lenders with full and valid authority so to act or
refrain from acting, and neither any Pledgor nor any Issuer shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 
 15. Notices. All notices shall be given or made in accordance with Section 11.1 of the Credit Agreement. 
 16. Severability. Any provision of this Pledge Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, 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. 

17. Amendments in Writing; No Waiver; Cumulative Remedies. (a) None of the terms or provisions of this Pledge Agreement may
be waived, amended, supplemented or otherwise modified except by a written instrument executed by the Pledgors and the Administrative Agent, provided that any provision of this Pledge Agreement may be waived by the Administrative Agent and
the Lenders in a letter or agreement executed by the Administrative Agent or by facsimile transmission from the Administrative Agent. 
 (b) Neither the Administrative Agent nor any Lender shall by any act (except by a written instrument pursuant to Section 17(a) hereof), delay, indulgence, omission or otherwise be deemed to
have waived any right or remedy hereunder or to have acquiesced in any Default or Event of Default or in any breach of any of the terms and conditions hereof. No failure to exercise, nor any delay in exercising on the part of the Administrative
Agent or any Lender, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or privilege hereunder shall preclude 

  
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any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by the Administrative Agent or any Lender of any right or remedy hereunder on any one
occasion shall not be construed as a bar to any right or remedy which the Administrative Agent or such Lender would otherwise have on any future occasion. 
 (c) The rights and remedies herein provided are cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or remedies provided by law. 

18. Section Headings. The section headings used in this Pledge Agreement are for convenience of reference only and are not to
affect the construction hereof or be taken into consideration in the interpretation hereof. 
 19. Successors and
Assigns. This Agreement shall be binding upon the successors and assigns of the Pledgors and shall inure to the benefit of the Administrative Agent and the Lenders and their successors and assigns, provided that the Pledgors may not assign any
of their rights or obligations under this Pledge Agreement without the prior written consent of the Administrative Agent and any such purported assignment without such prior written consent shall be null and void. 

20. Term of Agreement. This Agreement and the security interests granted hereunder shall remain in full force and effect until the
Secured Obligations under the Credit Agreement have been satisfied in full and the Commitments have been terminated, at which time the Administrative Agent shall release and terminate the security interests granted to it hereunder. Upon such release
and termination, (a) the Pledgors shall be entitled to the return, at the Pledgors’ expense, of any and all funds in the Collateral Account and such of the Collateral held by the Administrative Agent as shall not have been sold or
otherwise applied pursuant to the terms hereof and (b) the Administrative Agent shall, at the Pledgors’ expense, execute and deliver to the Borrowers such UCC termination statements and other documents as the Borrower shall reasonably
request to evidence such release and termination. 
 21. Joint and Several Obligations of Pledgors. 

(a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial
accommodation to be provided by the holders of the Secured Obligations, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertaking of each of the Pledgors to accept joint and several liability
for the obligations of each of them. 
 (b) Each of the Pledgors jointly and severally hereby irrevocably and
unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Pledgors with respect to the payment and performance of all of the Secured Obligations arising under this Pledge Agreement, the other
Credit Documents and any other documents relating to the Secured Obligations, it being the intention of the parties hereto that all the Secured Obligations shall be the joint and several obligations of each of the Pledgors without preferences or
distinction among them. 
 (c) Notwithstanding an provision to the contrary contained herein, in any other of the
Credit Documents or in any other documents relating to the Secured Oblations the obligations of each Guarantor under the Credit Agreement and the other Credit Documents shall be limited to an aggregate amount equal to the largest amount that would
not render such obligations subject to avoidance under Section 548 of the Bankruptcy Code or any comparable provisions of any applicable state law. 

  
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 22. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NORTH CAROLINA. 

  
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 IN WITNESS WHEREOF, the undersigned have caused this Pledge Agreement to be duly executed
and delivered as of the date first above written. 
  

			
	PLEDGORS:
	
	 CHARLOTTE MOTOR SPEEDWAY, LLC,
 a North Carolina limited liability company

		
	By:	 	 /s/ William R. Brooks

	Name:	 	 William R. Brooks

	Title:	 	 Executive Vice President

	
	 LAS VEGAS MOTOR SPEEDWAY, LLC,
 a Delaware limited liability company

		
	By:	 	 /s/ William R. Brooks

	Name:	 	 William R. Brooks

	Title:	 	 Vice President

	
	 SPEEDWAY MOTORSPORTS, INC.,
 a Delaware corporation

		
	By:	 	 /s/ William R. Brooks

	Name:	 	 William R. Brooks

	Title:	 	 Vice Chairman and Chief Financial Officer

	
	 SPEEDWAY PROPERTIES COMPANY, LLC,
 a Delaware limited liability company

		
	By:	 	 /s/ William R. Brooks

	Name:	 	 William R. Brooks

	Title:	 	 President

	
	 SMISC HOLDINGS, INC.,
 a North Carolina corporation

		
	By:	 	 /s/ William R. Brooks

	Name:	 	 William R. Brooks

	Title:	 	 Executive Vice President

					
	ADMINISTRATIVE	 	
	AGENT:	 	BANK OF AMERICA, N.A.,
		 	as Administrative Agent
			
		 	By:	 	 /s/ Bridgett J. Manduk

		 	Name:	 	 Bridgett J. Manduk

		 	Title:	 	 Assistant Vice President

 Schedule 1 
 Description of Pledged Stock 
  

							
	 Pledgor
	  	 Issuer
	  	 Cert. No.
	  	 No. of

Shares

				
	Speedway Motorsports, Inc.	  	Atlanta Motor Speedway, LLC	  	N/A	  	N/A
	Speedway Motorsports, Inc.	  	Bristol Motor Speedway, LLC	  	N/A	  	N/A
	Speedway Motorsports, Inc.	  	Charlotte Motor Speedway, LLC	  	N/A	  	N/A
	 Speedway Motorsports, Inc.

Speedway Motorsports, Inc.
 Speedway Motorsports,
Inc.
 Speedway Motorsports, Inc.
	  	 Las Vegas Motor Speedway, LLC

New Hampshire Motor Speedway, Inc.
 Texas Motor
Speedway, Inc.
 SMISC Holdings, Inc.
	  	 N/A
 9
 1
 2
	  	 N/A
 322
 1,000
 1,000

	Speedway Motorsports, Inc.	  	Speedway Sonoma, LLC	  	N/A	  	N/A
	Speedway Motorsports, Inc.	  	Kentucky Raceway, LLC	  	N/A	  	N/A
	Speedway Motorsports, Inc.	  	Speedway TBA, Inc.	  	2	  	1,000
	Charlotte Motor Speedway, LLC	  	INEX Corporation	  	1	  	5,000
	 Charlotte Motor Speedway, LLC

Las Vegas Motor Speedway, LLC
 Las Vegas Motor
Speedway, LLC
 Speedway Properties Company, LLC
 SMISC Holdings, Inc.
 Speedway Motorsports, Inc.

Speedway Motorsports, Inc.
 SMISC Holdings,
Inc.
	  	 U.S. Legend Cars International, Inc.
 Nevada Speedway, LLC
 Speedway Funding, LLC
 Speedway Media, LLC
 TSI Management Company, LLC

Speedway Properties Company, LLC
 SMI Systems,
LLC
 SMI Trackside, LLC
	  	 5
 N/A
 N/A
 N/A
 N/A
 N/A
 N/A
 N/A
	  	 5,000
 N/A
 N/A
 N/A
 N/A
 N/A
 N/A
 N/A

 SCHEDULE 2 
 Form of Irrevocable Stock Power 
 FOR VALUE RECEIVED, the undersigned hereby
sells, assigns and transfers to the following shares of capital stock of
                                , a
             corporation: 
  

			
	 Certificate No.
	  	 No. of Shares

and irrevocably appoints its agent and attorney-in-fact to transfer all or any part of such capital stock and to take all necessary and appropriate
action to effect any such transfer. The agent and attorney-in-fact may substitute and appoint one or more persons to act for him. 
  

					
	Date:	 	                           
                                         
,
		 	a
                                        
corporation

					
		
		 	By:
                                         
                     
		 	Name:	 	
		 	Title:	 	

  

					
	Witnessed by:	 	[Signature Guaranteed:]Form of Freescale Holdings Nonqualified Stock Option Agreement

 Exhibit 10.2 
 [FORM OF INCENTIVE EQUITY OPTION] 
 FREESCALE HOLDINGS 

NONQUALIFIED STOCK OPTION AGREEMENT 
 THIS AGREEMENT (the “Agreement”), is made effective as of December 1, 2006 (the “Date of Grant”), between Freescale Holdings (Bermuda) I, Ltd., a Bermuda limited company (the
“Company”), and              (the “Participant”): 
 R E C I T A L S: 

WHEREAS, the Company has adopted the Freescale Holdings 2006 Management Incentive Plan (the “Plan”), which Plan is incorporated
herein by reference and made a part of this Agreement. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan; and 
 WHEREAS, the Committee has determined that it would be in the best interests of the Company and its shareholders to grant the Stock Option provided for herein to the Participant pursuant to the Plan and
the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree
as follows: 
 1. Grant of the Option. The Company hereby grants (subject to the Participant’s execution of the
Investors Agreement) to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of
             shares of Common Stock (each a “Share” and collectively, the “Shares”). The purchase price of the Shares subject to the Option shall be
$             per Share (the “Option Price”). The Option is intended to be a non-qualified stock option, and is not intended to be treated as an option that complies with
Section 422 of the Code. 
 2. Vesting. 
 (a) Subject to the Participant’s continued Employment with the Company, or except as otherwise provided below, the Option shall vest and become exercisable with respect to twenty-five percent
(25%) of the Shares initially covered by the Option on each of the first, second, third and fourth anniversaries of the Date of Grant. At any time, the portion of the Option which has become vested and exercisable as described above (or
pursuant to Sections 2(b) or 4 below) is hereinafter referred to as the “Vested Portion”. 
 (b) Notwithstanding any
other provisions of this Agreement to the contrary, in the event of a Change of Control, the unvested portion of the Option shall become vested and exercisable for an additional number of Shares where that additional number of Shares equals the
remaining unvested Shares multiplied by the Change of Control Cash Consideration Fraction. For purposes of 

 
this Agreement, “Change of Control Cash Consideration Fraction” shall mean, with respect to a Change of Control, the portion of the per Share consideration which is paid in the form of
cash, provided that if the Change of Control Cash Consideration Fraction is .75 or higher, it shall be deemed to be 1. Notwithstanding the above, in the event the Participant’s Employment is terminated by the Company or any successor thereto
without Cause or by the Participant for Good Reason, in each case following a Change of Control, the Option shall immediately become fully vested and exercisable. 
 3. Exercise of Option. 
 (a) Period of Exercise. Subject to the
provisions of the Plan and this Agreement, the Participant may exercise all or any part of the Vested Portion of the Option at any time prior to the earliest to occur of: 

(i) the tenth anniversary of the Date of Grant; 

(ii) one (1) year following the date of the Participant’s termination of Employment due to death or Disability;

 (iii) ninety (90) days following the date of the Participant’s termination of Employment for any
reason other than due to the Participant’s death or Disability; and 
 (iv) the date of the
Participant’s termination of Employment for Cause. 
 (b) Method of Exercise. 

(i) Each election to exercise the Vested Portion shall be subject to the terms and conditions of the Plan and shall be in
writing, signed by the Participant or by his or her executor, administrator, or permitted transferee (subject to any restrictions provided under the Plan and the Investors Agreement), made pursuant to and in accordance with the terms and conditions
set forth in the Plan and received by the Company at its principal offices, accompanied by payment in full as provided in the Plan. 
 (ii) The Option Price may be paid by delivery of cash or check acceptable to the Committee or by means of withholding of Shares subject to the Vested Portion with an aggregate Fair Market Value equal to
(A) the aggregate exercise price and (B) unless the Company is precluded or restricted from doing so under debt covenants, minimum statutory withholding taxes with respect to such exercise, or by such other method provided under the Plan
and explicitly approved by the Committee. In the event that the Vested Portion is exercised by a person other than the Participant, the Company shall ascertain the authority of the Option holder to exercise the Vested Portion and shall deliver the
Shares hereunder to the Option holder after it is satisfied as to such authority. 
 (iii) Notwithstanding any
other provision of the Plan or this Agreement to the contrary, the Vested Portion may not be exercised prior to the completion of any registration or qualification of the Option or the Shares under applicable state and federal securities or other
laws, or under any ruling or regulation of any governmental 

  
 2 

 
body or national securities exchange that the Committee shall in its sole discretion determine to be necessary or advisable. The Committee shall use its best efforts to cause any registration or
qualification of the Option or the Shares to be completed. 
 (iv) Upon the Company’s determination that the
Vested Portion of the Option has been validly exercised as to any of the Shares, the Company shall issue certificates in the Participant’s name for such Shares. However, the Company shall not be liable to the Participant for damages relating to
any reasonable delays in issuing the certificates to such Participant, any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves which it promptly undertakes to correct. 

(v) In the event of the Participant’s death, the Option shall remain exercisable by the Participant’s executor
or administrator, or the person or persons to whom the Participant’s rights under this Agreement shall pass by will or by the laws of descent and distribution as the case may be, to the extent set forth in Section 3(a). Any heir or legatee
of the Participant shall take rights herein granted subject to the terms and conditions hereof. 
 (vi) In no
event may a Participant or any other holder of an Option who has not executed the Investors Agreement exercise any part of the Vested Portion. 
 4. Termination of Employment. 
 (a) General. If the
Participant’s Employment is terminated for any reason, the Option shall, to the extent not then vested (after giving effect to the provisions of Section 2(b) and this Section 4), terminate upon such termination of Employment and the
Vested Portion of the Option shall remain exercisable for the period set forth in Section 3(a) and shall thereafter terminate. 
 (b) For Cause. The Option (including any Vested Portion thereof) shall terminate upon the Participant’s termination of Employment for Cause. 

(c) Without Cause or for Good Reason. Upon the Participant’s termination of Employment without Cause or by the Participant
for Good Reason, the Option shall become vested and exercisable for an additional number of Shares equal to the number of Shares subject to the Option (if any) that would have vested on the next anniversary of the Date of Grant if the Participant
had remained employed until such date (the “Subsequent Tranche”), multiplied by a fraction, the numerator of which equals the number of days elapsed from the vesting date immediately preceding termination of the Participant’s
Employment through the Participant’s termination of Employment and the denominator of which equals 365 plus, if so determined in the sole discretion of the Chief Executive Officer of the Company, the Subsequent Tranche; subject in all
circumstances to the maximum of the total number of Shares subject to the Option as of the date of such termination of Employment. Any portion of the Option that is not exercisable after giving effect to the above provisions of this
Section 4(c) shall terminate immediately effective as of the termination of the Participant’s Employment. 

  
 3 

 (d) Death. Upon the Participant’s termination of Employment due to death, the
Option shall become fully vested and exercisable. 
 (e) Disability. Upon the Participant’s termination of
Employment due to Disability, the Option shall become fully vested and exercisable. 
 (f) Retirement. Upon the
Participant’s termination of Employment due to Retirement and solely to the extent so determined by the Company’s Chief Executive Officer, the Option shall become vested and exercisable for an additional number of Shares equal to the
Subsequent Tranche multiplied by a fraction, the numerator of which equals the number of days elapsed from the vesting date immediately preceding termination of Participant’s Employment through the Participant’s termination of Employment
and the denominator of which equals 365; subject in all circumstances to the maximum of the total number of Shares subject to the Option as of the date of such termination of Employment. Any portion of the Option that is not exercisable after giving
effect to the above provisions of this Section 4(f) shall terminate immediately effective as of the termination of the Participant’s Employment. 
 (g) By the Participant other than due to Disability or Good Reason. If the Participant’s Employment is terminated on account of a termination of the Participant’s Employment initiated by
the Participant other than due to Disability or Good Reason, then the unvested portion of the Option then held by the Participant shall be automatically forfeited. 
 (h) Forfeiture. Notwithstanding anything herein to the contrary, if the Participant breaches any Restrictive Covenants applicable to the Participant (including, without limitation, the Restrictive
Covenants set forth in Exhibit A hereto) following termination of the Participant’s Employment by the Participant other than due to Disability or Good Reason, in each case on or after the second anniversary of the Date of Grant, then
(x) any portion of the Option that vested during the twelve-month period immediately preceding the date of termination (the “Preceding Tranche”) shall be automatically forfeited, (y) any Shares acquired pursuant to the exercise
of an Option in the Preceding Tranche shall be subject to the call option set forth in Section 6 of the Investors Agreement and (z) any proceeds from the sale of Shares described in preceding clause (y), shall be immediately repaid to the
Company. Notwithstanding anything herein to the contrary, if the Participant breaches any Restrictive Covenants applicable to the Participant (including, without limitation, the Restrictive Covenants set forth in Exhibit A hereto) during the
Severance Period (as defined below) then (x) any Vested Portion then held by the Participant shall be automatically forfeited, (y) any Shares acquired pursuant to the exercise of the Option shall be subject to the call option set forth in
Section 6 of the Investors Agreement and (z) any proceeds from the sale of Shares described in preceding clause (y), shall be immediately repaid to the Company. For purposes of this Agreement “Severance Period” shall mean, in the
event of termination of the Participant’s Employment in circumstances entitling the Participant to severance under an applicable plan or policy or an individual agreement, and under which plan, policy or individual agreement the Participant
elects to and actually receives severance, the two-year period immediately following the date of such termination. 
 5.
Certain Covenants. The Participant hereby agrees and covenants to perform all of his obligations set forth in Exhibit A hereto (which is incorporated by reference hereby) and acknowledges that the Participant’s obligations set forth in
Exhibit A constitute a 

  
 4 

 
material inducement for the Company’s grant of Options to the Participant, but, as to the Company’s remedy, subject only to the provisions set forth in subsection (f) of Exhibit A.

 6. Share Restrictions, etc. Except as expressly provided herein, the Participant’s rights hereunder and with
respect to Shares received upon exercise of the Vested Portion are subject to the restrictions and other provisions contained in the Investors Agreement. 
 7. Distributions, Redemptions, etc. Upon the occurrence of an Adjustment Event, the Option Price shall be reduced by an amount equal to the per-Share amount paid in connection with the Adjustment
Event; provided, however, that any such reduction shall be limited to that portion of such amount which would not cause the Option Price to be reduced below 25% of the per-Share Fair Market Value, as of the date of such reduction. In the case of a
redemption or repurchase, the number of Shares of the class of stock redeemed or repurchased that are subject to the Option will be automatically reduced by an amount proportionate to the percentage reduction in outstanding shares of the affected
class resulting from the redemption or repurchase. 
 8. No Right to Continued Employment. The granting of the Option
evidenced hereby and this Agreement shall impose no obligation on the Company or any Affiliate to continue the Employment of the Participant and shall not lessen or affect the Company’s or its Affiliate’s right to terminate the Employment
of such Participant. 
 9. Legend on Certificates. The certificates representing the Shares purchased by exercise of the
Vested Portion shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange
upon which such Shares are listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

10. Transferability. Except as provided in the Investors Agreement, the Option may not be assigned, alienated, pledged, attached,
sold or otherwise transferred or encumbered by the Participant otherwise than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and
unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. No such permitted transfer of the Option to heirs
or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the
transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. During the Participant’s lifetime, the Vested Portion is exercisable only by the Participant or a permitted transferee (pursuant to the Investors
Agreement). 
 11. Withholding. Subject to Section 3(b)(ii), the Participant may be required to pay to the Company
or any Affiliate and the Company shall have the right and is hereby authorized to withhold from any payment due or transfer made under the Option or under the 

  
 5 

 
Plan or from any compensation or other amount owing to a Participant the amount (in cash, Shares, other securities or other property) of any applicable withholding taxes in respect of the Option,
its exercise or any payment or transfer under or with respect to the Option or the Plan and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes.

 12. Securities Laws. The issuance of any Shares hereunder shall be subject to the Participant making or entering into
such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws. 
 13. Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the
address appearing in the personnel records of the Company for the Participant or to either party at such other address as either party hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt
thereof by the addressee. 
 14. Governing Law. This Agreement and all claims arising out of or based upon this Agreement
or relating to the subject matter hereof shall be governed by and construed in accordance with the domestic substantive laws of the State of Delaware without giving effect to any choice or conflict of laws provision or rule that would cause the
application of the domestic substantive laws of any other jurisdiction. 
 15. Consent to Jurisdiction. All actions
arising out of or relating to this Agreement shall be heard and determined exclusively in any New York state or federal court sitting in the Borough of Manhattan in The City of New York. The parties hereto hereby (a) submit to the exclusive
jurisdiction of any state or federal court sitting in the Borough of Manhattan of The City of New York for the purpose of any action arising out of or relating to this Agreement brought by any party hereto, and (b) irrevocably waive, and agree
not to assert by way of motion, defense, or otherwise, in any such action, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune of from attachment or execution, that the
action is brought in an inconvenient forum, that the venue of the action is improper, or that this Agreement or the transactions contemplated hereby may not be enforced in or by any of the above-named courts. 

16. WAIVER OF JURY TRIAL. TO THE EXTENT NOT PROHIBITED BY APPLICABLE LAW WHICH CANNOT BE WAIVED, EACH PARTY HERETO HEREBY WAIVES
AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE) ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE OR ACTION, CLAIM, CAUSE OF ACTION OR SUIT (IN CONTRACT, TORT OR OTHERWISE), INQUIRY, PROCEEDING OR
INVESTIGATION ARISING OUT OF OR BASED UPON THIS AGREEMENT OR THE SUBJECT MATTER HEREOF OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED HEREBY, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING. EACH PARTY
HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTIES HERETO THAT THIS SECTION 15 CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH THEY ARE RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT AND THE

  
 6 

 
TRANSACTIONS CONTEMPLATED HEREBY. ANY PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 15 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF EACH SUCH PARTY TO THE WAIVER
OF ITS RIGHT TO TRIAL BY JURY. 
 17. Option Subject to Plan and Investors Agreement. By entering into this Agreement the
Participant agrees and acknowledges that the Participant has received and read a copy of the Plan, the Investors Agreement and the Offering Memorandum for the Plan. The Option is subject to the Plan and the Investors Agreement, each as may be
amended from time to time, and the terms and provisions of the Plan and the Investors Agreement are hereby incorporated herein by reference. By entering into this Agreement, the Participant hereby authorizes John Torres as the Participant’s
attorney-in-fact and delegates full power and authority to Mr. Torres to enter into the Investors Agreement on the Participant’s behalf. 
 18. Change in Control Severance Plan. In consideration of the grant of the Option and acknowledging that such agreement constitutes a material inducement for the grant of such Option, the
Participant hereby agrees that as of the date hereof, with respect to the Freescale Semiconductor, Inc. Officer Change in Control Severance Plan (the “CIC Plan”), in no event will there be deemed to be a Good Reason with respect to the
Participant under the CIC Plan solely by reason of (A) Freescale Semiconductor, Inc. becoming privately held in connection with the consummation of the transactions contemplated by the Merger Agreement (as defined in the Investors Agreement),
(b) on account of a lateral change to the Participant’s duties that does not affect the Participant’s reporting relationships or (c) the Participant ceasing to serve as an executive of a publicly held corporation. The Participant
further agrees that the last sentence of Section 7.4 of the CIC Plan shall be of no force and effect. 
 19.
Section 409A. It is intended that the terms of this Agreement comply with section 409A of the Code. If it is determined that the terms of this Agreement have been structured in a manner that would result in adverse tax treatment under
section 409A of the Code, the parties agree to cooperate in taking all reasonable measures to restructure the arrangement to minimize or avoid such adverse tax treatment without materially impairing Participant’s economic rights. 

20. Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement. 

 

			
	FREESCALE HOLDINGS (BERMUDA) I, LTD.
		
	By:	 	  

		 	Name: Paul C. Schorr IV
		 	Title:   President

 Agreed and
acknowledged as of the date first above written: 
  

	
	  

	Participant

  
 8 

 EXHIBIT A 
 Restrictive Covenants 
  

	 	(a)	Confidential Information. The Participant shall hold in a fiduciary capacity for the benefit of the Company and its Affiliates (collectively, the “Affiliated
Group”), all secret or confidential information, knowledge or data relating to the Affiliated Group and its businesses (including, without limitation, any proprietary and not publicly available information concerning any processes, methods,
trade secrets, research or secret data, costs, names of users or purchasers of their respective products or services, business methods, operating procedures or programs or methods of promotion and sale) that the Participant obtains during the
Participant’s Employment that is not public knowledge (other than as a result of the Participant’s violation of this Section (a)) (“Confidential Information”). The Participant shall not communicate, divulge or disseminate
Confidential Information at any time during or after the Participant’s Employment, except with the prior written consent of the Company, or as otherwise required by law or legal process or as such disclosure or use may be required in the course
of the Participant performing his duties and responsibilities with the Affiliated Group. Notwithstanding the foregoing provisions, if the Participant is required to disclose any such confidential or proprietary information pursuant to applicable law
or a subpoena or court order, the Participant shall promptly notify the Company in writing of any such requirement so that the Company or the appropriate member of the Affiliated Group may seek an appropriate protective order or other appropriate
remedy or waive compliance with the provisions hereof. The Participant shall reasonably cooperate with the Company or the appropriate member of the Affiliated Group to obtain such a protective order or other remedy. If such order or other remedy is
not obtained prior to the time the Participant is required to make the disclosure, or the Company waives compliance with the provisions hereof, the Participant shall disclose only that portion of the confidential or proprietary information which he
is advised by counsel in writing (either his or the Company’s) that he is legally required to so disclose. Upon his termination of Employment for any reason, the Participant shall promptly return to the Company all records, files, memoranda,
correspondence, notebooks, notes, reports, customer lists, drawings, plans, documents, and other documents and the like relating to the business of the Affiliated Group or containing any trade secrets relating to the Affiliated Group or that the
Participant uses, prepares or comes into contact with during the course of the Participant’s employment with the Affiliated Group, and all keys, credit cards and passes, and such materials shall remain the sole property of the Affiliated Group.
The Participant agrees to execute any standard-form confidentiality agreements with the Company that the Company in the future generally enters into with its senior executives. 

	 	(b)	Work Product and Inventions. The Affiliated Group and/or its nominees or assigns shall own all right, title and interest in and to any and all inventions, ideas, trade
secrets, technology, devices, discoveries, improvements, processes, developments, designs, know how, show-how, data, computer programs, algorithms, formulae, works of authorship, works modifications, trademarks, trade names, documentation,
techniques, designs, methods, trade secrets, technical specifications, technical data, concepts, expressions, patents, patent rights, copyrights, moral rights, and all other intellectual property rights or other developments whatsoever
(collectively, “Developments”), whether or not patentable, reduced to practice or registrable under patent, copyright, trademark or other intellectual property law anywhere in the world, made, authored, discovered, reduced to
practice, conceived, created, developed or otherwise obtained by the Participant (alone or jointly with others) during the Participant’s Employment with the Affiliated Group, and arising from or relating to such employment or the business of
the Affiliated Group (whether during business hours or otherwise, and whether on the premises of using the facilities or materials of the Affiliated Group or otherwise). The Participant shall promptly and fully disclose to the Affiliated Group and
to no one else all Developments, and hereby assigns to the Affiliated Group without further compensation all right, title and interest the Participant has or may have in any Developments, and all patents, copyrights, or other intellectual property
rights relating thereto, and agrees that the Participant has not acquired and shall not acquire any rights during the course of his employment with the Affiliated Group or thereafter with respect to any Developments. 

 

	 	(c)	Non-Recruitment of Affiliated Group Employees. The Participant shall not, at any time during the Nonsolicitation Restricted Period (as defined below), other than in the
ordinary exercise of his duties, without the prior written consent of the Affiliated Group, directly or indirectly, solicit, recruit, or employ (whether as an employee, officer, agent, consultant or independent contractor) any person who is or was
at any time during the previous 12 months, an employee, representative, officer or director of any member of the Affiliated Group. Further, during the Nonsolicitation Restricted Period, the Participant shall not take any action that could reasonably
be expected to have the effect of directly encouraging or inducing any person to cease their relationship with any member of the Affiliated Group for any reason. A general employment advertisement by an entity of which the Participant is a part will
not constitute solicitation or recruitment. The “Nonsolicitation Restricted Period” shall mean the period from the Date of Grant through the second anniversary of the Participant’s termination of Employment.

  

	 	(d)	 Non-Competition – Solicitation of Business. During the Noncompetition Restricted Period (as defined below), the Participant shall not, either
directly or indirectly, compete with the business of the Affiliated Group by 

	 	(i) becoming an officer, agent, employee, partner or director of any other corporation, partnership or other entity, or otherwise render services to or assist or hold
an interest (except as a less than 3-percent shareholder of a publicly traded corporation or as a less than 5-percent shareholder of a corporation that is not publicly traded) in any Competitive Business (as defined below), or (ii) soliciting,
servicing, or accepting the business of (A) any active customer of any member of the Affiliated Group, or (B) any person or entity who is or was at any time during the previous twelve months a customer of any member of the Affiliated
Group, provided that such business is competitive with any significant business of any member of the Affiliated Group. “Competitive Business” shall mean any person or entity (including any joint venture, partnership, firm,
corporation, or limited liability company) that conducts a business that is competitive with any significant business of the Affiliated Group as of the date of termination (or any significant business that is being actively pursued as of the date of
termination by the Affiliated Group). The “Noncompetition Restricted Period” shall mean the period from the Date of Grant through the second anniversary of the date of termination of the Participant’s Employment.

  

	 	(e)	Assistance. The Participant agrees that during and after his employment by the Affiliated Group, upon request by the Company, the Participant will assist the Affiliated
Group in the defense of any claims, or potential claims that may be made or threatened to be made against any member of the Affiliated Group in any action, suit or proceeding, whether civil, criminal, administrative, investigative or otherwise (a
“Proceeding”), and will assist the Affiliated Group in the prosecution of any claims that may be made by any member of the Affiliated Group in any Proceeding, to the extent that such claims may relate to the Participant’s
Employment or the period of the Participant’s Employment by the Affiliated Group. The Participant agrees, unless precluded by law, to promptly inform the Company if the Participant is asked to participate (or otherwise become involved) in any
Proceeding involving such claims or potential claims. The Participant also agrees, unless precluded by law, to promptly inform the Company if the Participant is asked to assist in any investigation (whether governmental or otherwise) of any member
of the Affiliated Group (or their actions), regardless of whether a lawsuit has then been filed against any member of the Affiliated Group with respect to such investigation. The Company agrees to reimburse the Participant for all of the
Participant’s reasonable out-of-pocket expenses associated with such assistance, including travel expenses and any attorneys’ fees and shall pay a reasonable per diem fee for the Participant’s service. In addition, the Participant
agrees to provide such services as are reasonably requested by the Company to assist any successor to the Participant in the transition of duties and responsibilities to such successor. Any services or assistance contemplated in this Section
(e) shall be at mutually agreed to and convenient times. 

	 	(f)	Remedies. The Participant acknowledges and agrees that the terms of this Exhibit A: (i) are reasonable in geographic and temporal scope, (ii) are necessary to
protect legitimate proprietary and business interests of the Affiliated Group in, inter alia, near permanent customer relationships and confidential information. The Participant further acknowledges and agrees that the Participant’s breach of
the provisions of this Exhibit A will cause the Affiliated Group irreparable harm, which cannot be adequately compensated by money damages. The Participant consents and agrees that the forfeiture provisions contained in the Plan, the Agreement and
the Investors Agreement, are reasonable remedies in the event the Participant commits any such breach and such forfeiture and call option shall be the Affiliated Group’s sole remedy with respect to such breach. If any of the provisions of this
Exhibit A are determined to be wholly or partially unenforceable, the Participant hereby agrees that Exhibit A or any provision hereof may be reformed so that it is enforceable to the maximum extent permitted by law. If any of the provisions of this
Exhibit A are determined to be wholly or partially unenforceable in any jurisdiction, such determination shall not be a bar to or in any way diminish the Affiliated Group’s right to enforce any such covenant in any other jurisdiction.

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