Document:

Stock Puchase Agreement dated Oct 30, 2007

 Exhibit 10.34 
 STOCK PURCHASE AGREEMENT 
 This Stock Purchase Agreement (“Agreement”) is entered
into by and among Robert P. Bahre and Gary G. Bahre (“Sellers”) and Speedway Motorsports, Inc. (“Buyer”). 
 WHEREAS,
Sellers together own 100% of the issued and outstanding stock (the “Stock”) in New Hampshire Speedway, Inc. d/b/a New Hampshire International Speedway (the “Company”). 
 WHEREAS, Sellers desire to sell and Buyer desires to purchase 100% of the Stock in the Company on the terms and conditions set forth in this Agreement.

 NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth in this Agreement, the payment of a $100,000
non-refundable deposit (the “Deposit”) by Buyer to Sellers, and other good and valuable consideration, Sellers and Buyer agree as follows: 
 1.
Sale of the Stock/Purchase Price/Seller Retained Assets/Company Subsidiaries. 
 a. Sellers agree to sell the Stock to Buyer, and Buyer
agrees to purchase the Stock for a purchase price of $340,000,000 (the “Purchase Price”). The Deposit shall be credited towards the Purchase Price. 
 b. Prior to Closing Sellers shall take ownership, directly or indirectly, to the Company assets listed on Schedule 1 attached hereto. 
 c. The companies listed on Schedule 2 attached hereto are all the wholly or partly owned subsidiaries of the Company. 
 2.
Closing of Sale. 
 a. The Closing shall take place at 11:00 a.m., Buyer’s local time, within ten (10) days following satisfaction
of the conditions in paragraph 4 of this Agreement, but not sooner than January 2, 2008. Buyer may assign its rights herein to a wholly owned subsidiary, provided that Buyer guarantees all obligations of such assignee hereunder. 
 b. At Closing, Sellers shall deliver to Buyer all stock certificates for the Stock, and shall properly endorse to Buyer all of the Stock. In exchange for
such endorsement of the Stock to Buyer, Buyer shall at Closing wire to Sellers the Purchase Price to an account designated by Sellers. Sellers shall take all steps necessary to transfer ownership of the Stock to Buyer on the books and records of the
Company and to cause the Company to issue a new stock certificate for the Stock in the name of the Buyer. The Stock shall be sold to Buyer free and clear of all liens and encumbrances, and Buyer shall have good, marketable title to the Stock.

 c. Sellers shall ensure that the indebtedness set forth on Schedule 3 attached hereto shall be satisfied at or prior to Closing.

 3. Subject to any exceptions noted in Schedule 5, Sellers make the following representations, and in the event one or
more of these representations are not correct at the Closing, Buyer shall not be obligated to purchase the Stock, but may do so at its sole discretion. 
 a. Sellers have all necessary authority to sell the Stock to Buyer. 
 b. Sellers will use commercially
reasonable efforts to obtain any third party consents to the sale of the Stock, that Buyer reasonably may request. The parties will (and Sellers will cause Company to) give any notices to, make any filings with, and use its commercially reasonable
efforts to, obtain any authorizations, consents, and approvals required by governments and governmental agencies for the sale of the Stock. 
 c. The Company owns and operates New Hampshire International Speedway, which (among other things) hosted two (2) NASCAR Nextel/Sprint Cup races in 2007. The Company owns all of the assets and rights reasonably necessary to operate the
existing business of the Company, including but not limited to the New Hampshire International Speedway oval track and all land and attendant structures, offices and improvements, and all registered and unregistered intellectual property, and
intangibles associated with the New Hampshire International Speedway. The Company has executed Sanctioning Agreements with NASCAR to host two (2) NASCAR Sprint Cup races during the 2008 season. The Company’s cash balance at Closing
(including cash and cash equivalents) will be not less than the amount which equals (i) all deposits and other deferred revenue received by Seller prior to Closing for 2008 scheduled events minus (ii) the Estimated Deferred 2007
Receivables, as defined in Paragraph 5.c below. 
 d. The debts and obligations of the Company (including, without limitation, current
liabilities) will not exceed the total cumulative amount of Two Hundred Fifty Thousand Dollars ($250,000) (exclusive of any deferred New Hampshire state income, franchise or business profits taxes). Pending the Closing, Sellers will cause the
Company to be operated in the ordinary course of business consistent with past practices, and (except in the good faith conduct of its ordinary course of business) the Company will not sell or otherwise dispose of any of the assets of the Company,
will not incur additional indebtedness, and will refrain from extraordinary actions not in the ordinary course of business; provided, however, that the Company may in any event pay cash compensation (including unusual or one-time bonuses to
employees), forgive stockholder loans and/or pay stockholder distributions (in cash) so long as the minimum cash balance requirements of subparagraph c above are satisfied at Closing and as long as such payments and/or forgiveness of loans do
not result in any costs or liabilities to be assumed by Buyer or retained by the Company following the Closing; and provided further that the Company may sell or transfer to either or both Sellers the assets listed in Schedule 1. 
 e. Sellers are not aware of any pending or threatened material claims, litigation or governmental investigations against the Company. 
 4. Hart-Scott-Rodino Antitrust Improvement Act of 1976 
 Sellers and Buyer have filed, or will timely file on or before November 15, 2007, an acquired person’s and acquiring person’s notification and report form as required by the Hart- 

  

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Scott-Rodino Antitrust Improvement Act of 1976, as amended (“HSR Act”) with respect to the transactions contemplated by this Agreement. Sellers and
Buyer shall use commercially reasonable efforts and shall cooperate with each other as shall be reasonably necessary to secure the termination of any applicable HSR Act or other waiting period and to obtain as promptly as possible all other
necessary approvals, authorizations and consents of governmental authorities required to be obtained by it, to consummate the transactions contemplated in this Agreement. Sellers and Buyer further agree to use commercially reasonable efforts to
comply promptly with all requests or requirements for information, documentary or otherwise, by any governmental authority pursuant to the HSR Act or other applicable law. Buyer shall have no obligation to close on the transaction herein until all
required governmental approvals have been obtained and the HSR Act waiting period has expired or earlier terminated. 
 5. Miscellaneous. 
 a. Buyer will use commercially reasonable efforts to assist Sellers in obtaining any third party consents to the sale of the Stock sought by Buyer or
Sellers. 
 b. Either Sellers or Buyer may (unless such party is then in breach of this Agreement) terminate this Agreement if the Closing
has not occurred by March 31, 2008, or such later date as the parties agree upon. 
 c. For purposes hereof, “Estimated Deferred
2007 Receivables” means the sum of (i) the estimated ancillary media rights payments payable to the Company in 2008 for 2007 events (estimated to be in the amount of Nine Hundred Fifty Thousand Dollars ($950,000)), plus
(ii) other corporate and sponsorship payments owed to the Company at the time of Closing for sponsorship rights, corporate tickets and hospitality accommodations for 2007 events. After the Closing, Buyer shall use reasonable and diligent
efforts to collect the aforesaid ancillary media rights payments and corporate and sponsorship payments (the “Deferred 2007 Receivables”) when due. On June 15, 2008, Sellers will make a payment to Buyer (or vice versa) as follows: to
the extent that the actual amount collected by Buyer on account of the Deferred 2007 Receivables is less than the Estimated Deferred 2007 Receivables, Sellers will pay Buyer an amount equal to the deficit; and to the extent that the actual amount
collected by Buyer on account of the Deferred 2007 Receivables exceeds the Estimated Deferred 2007 Receivables, Buyer will pay Sellers an amount equal to the excess. Such payments will be made in cash and will constitute an adjustment of the
purchase price for the Stock. Buyer will provide Sellers with reasonable access to accounting and other records useful in the calculation and confirmation of the actual amount collected by Buyer on account of the Deferred 2007 Receivables.

 d. This Agreement shall be governed and construed in accordance with the laws of the State of New Hampshire without giving effect to any
choice or conflict of law provision or rule that would cause application of the laws of any jurisdiction other than the State of New Hampshire. 
 e. Each of the parties acknowledges and agrees that the other parties would be damaged irreparably in the event any of the provisions of this Agreement are not performed in accordance with their specific terms or otherwise are breached.
Accordingly, each of the parties 

  

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agrees that the other party shall be entitled to an injunction or injunctions to prevent breaches of the provisions of this Agreement and to enforce
specifically this Agreement and the terms and provisions hereof in any action instituted in any court having jurisdiction over the parties and the matter, in addition to any other remedy to which they may be entitled, at law or in equity.

 f. Sellers will be provided by Buyer the benefits set forth on Schedule 4 attached hereto. 
 g. This Agreement constitutes the entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior agreements,
understandings, negotiations, representations and discussions, whether oral or written of the parties. No amendment, supplement, modification or waiver of this agreement shall be binding unless executed in writing by the party to be bound thereby.
Neither party is relying on any promise, statement or representation other than those expressly written in this Agreement. 
 h. This
Agreement may be executed by facsimile transmission, and may be executed in one or more counterparts, each of which shall be deemed an original and which together shall constitute a single document. 
  

							
	Sellers:	 		 	Buyer:
			
	 /s/ Robert P. Bahre
	 		 	Speedway Motorsports, Inc.
	Robert P. Bahre	 		 	
		 		 	By:	 	 /s/ O. Bruton Smith

	Date: October 30, 2007	 		 		 	O. Bruton Smith
		 		 		 	Chairman and Chief Executive Officer
				
	 /s/ Gary G. Bahre
	 		 	Date:	 	October 29, 2007
	Gary G. Bahre	 		 		 	
				
	Date: October 30, 2007	 		 		 	

  

 4Third Amendment to Credit Agreement dated as of April 16, 2007

 Exhibit 4.13 
 THIRD AMENDMENT 
 Dated as of April 16, 2007 
 This THIRD AMENDMENT (this “Amendment”) is entered into between INNOPHOS, INC., a Delaware corporation (the
“Borrower”), and BEAR STEARNS CORPORATE LENDING INC., as administrative agent under the Credit Agreement described below (in such capacity, the “Administrative Agent”). 
 PRELIMINARY STATEMENTS 
 1. Reference is made to the Credit Agreement dated as of August 13, 2004 among the Borrower, the lenders and agents party thereto and the Administrative Agent, as amended by the First Amendment dated as of
February 2, 2005 and the Second Amendment dated as of October 27, 2006 (the “Credit Agreement”). Capitalized terms used but not otherwise defined herein are used with the meanings given in the Credit Agreement.

 2. The Borrower has requested that the Credit Agreement be amended as herein set forth. 
 3. The Administrative Agent has received consents and authorizations relating to this Amendment (or facsimiles thereof) from Lenders constituting
the Required Lenders. 
 Now, therefore, the parties hereto agree as follows: 
 SECTION 1. Amendments to Credit Agreement.
 (a) Section 1.1 of the Credit Agreement is amended: 
 (i) by deleting the definition of
“Holdings Notes” and inserting the following in its place: 
 “Holding Company Notes”: promissory notes issued by the
Parent or Holdings that (a) mature no earlier than the fifth anniversary of the issue date thereof, (b) do not require any prepayment, redemption or purchase prior to maturity, except asset sale and change of control offers on terms in
good faith determined by the Parent’s board to be consistent with prevailing market practice for unsecured high-yield holding company notes, (c) are not secured by any Lien on any property of the Parent or Holdings or any Group Member,
(d) are not supported by any Guarantee Obligation of any Group Member, (e) are outstanding in an aggregate amount, determined on the basis of the original issue amount on the original issue date after giving effect to any original issue
discount (and without counting any subsequent additions thereto by accretion from original issue discount or by payment of interest in kind), not exceeding $120,000,000 and (f) if and to the extent constituting Incremental Holding Company
Notes, do not require any payment of interest accruing or accreting at any time prior to the fifth anniversary of the issue date thereof, except by accretion or addition to principal. 

 
and the Credit Agreement is further amended by changing all references therein to “Holdings Notes” so as to refer to “Holding Company
Notes”; 
 (ii) inserting the following new definition in proper alphabetical order: 
 “Incremental Holding Company Notes:” at any time, (a) that portion of the original issue amount of any Holding Company Notes
in respect of which the proceeds of issuance thereof were used for any purpose other than (i) to purchase, redeem or pay principal of outstanding Holding Company Notes (including the Holdings Notes issued pursuant to the First Amendment),
(ii) to pay interest and call premium payable in connection with any such purchase, redemption or payment of principal of Holding Company Notes, or (iii) to pay underwriting discount and issuance costs allocable to Holding Company Notes
the proceeds of which were used for purposes described in clauses (i) and (ii) hereof, and (b) all increases to the principal of such portion of the original issue amount of such Holding Company Notes representing the accretion of
original issue discount or payment of interest in kind thereon. 
 and 
 (iii) by restating the definition of definition of “Unused ECF Basket” so that, in its entirety, it reads as follows: 
 “Unused ECF Basket”: at any time, the difference between (a) Excess Cash Flow for all fiscal years of the Borrower, commencing
with the fiscal year ending December 31, 2005, for which the Borrower then has made the payment required by Section 4.2(c), net of all payments required for such fiscal years under Section 4.2(c), and (b) the sum of all cash
dividends, Capital Expenditures and Permitted Acquisitions theretofore permitted by, and previously counted for the purposes of, Sections 8.6(c)(v)(A), 8.6(c)(v)(B), 8.6(c)(v)(C), 8.7(d) or 8.8(m); provided, that for the purposes of
Section 8.6(c)(v), the Unused ECF Basket shall be calculated as if the amount of the Unused ECF Basket as of December 31, 2006 were zero (without credit for any Excess Cash Flow attributable to the fiscal year ending December 31,
2005). 
 (b) Section 8.6(c) of the Credit Agreement is amended so that, in its entirety, it reads as follows: 
 the Borrower may pay dividends to Holdings to provide funding to Holdings or the Parent for: 
 (i) payment of corporate overhead expenses of Holdings and the Parent; 
  

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 (ii) so long as no Event of Default described in clauses (i) or (iii) of Section 9(k)
shall have occurred and be continuing, payment of any combined, consolidated or unitary taxes that are due and payable by the Parent, Holdings and the Borrower and payment of any taxes on the Parent’s or Holdings’ corporate franchise;

 (iii) payments permitted by Section 8.10(b) or the last sentence of Section 8.10; 
 (iv) if and so long as no Event of Default has occurred and is continuing, payment of (A) cash dividends on the Parent’s common stock in
amounts not exceeding 75 cents per share of outstanding common stock of the Parent (adjusted ratably for all future stock splits), but not in any event in the aggregate exceeding $17,500,000 per year and only for as long as the Parent’s common
stock is listed on The NASDAQ Stock Market or The New York Stock Exchange or (B) cash interest then due on Holding Company Notes not constituting Incremental Holding Company Notes; and 
 (v) if and so long as no Default has occurred and is continuing and Leverage Test Compliance would result, payment of (A) cash dividends on the
Parent’s common stock in amounts which, when paid, are counted against, and do not exceed, the then Unused ECF Basket, (B) cash interest then due on Incremental Holding Company Notes in amounts which, when paid, are counted against, and do
not exceed, the then Unused ECF Basket or (C) prepayment, redemption or purchase for retirement and cancellation of Holding Company Notes in amounts which, when paid, are counted against, and do not exceed, the then Unused ECF Basket.

 (c) Clause (iv) in Section 9(k) of the Credit Agreement is amended so that, in its entirety, it reads as follows:

 (iv) pay in cash, or become obligated to pay in cash, any of the interest accruing or accreting on any Holding Company Notes other than
under circumstances in which a dividend to pay such interest would be permitted under Section 8.6(c)(iv) or 8.6(c)(v); 
 SECTION
2. Conditions to Effectiveness. The amendments contained in Section 1 shall be effective upon satisfaction of each of the following conditions precedent no later than May 30, 2007: 
 (a) The Administrative Agent shall have executed this Amendment, shall have received original or facsimile counterparts of written authorization to
execute this Amendment duly executed and delivered by Lenders constituting the Required Lenders and shall have received counterparts of this Amendment executed by the Borrower and counterparts of the Consent appended hereto (the “Consent”)
executed by the Grantors, as defined in the Guarantee and Collateral Agreement (the “Grantors”). 
  

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 (b) The Parent shall have issued and sold Holding Company Notes for aggregate net cash proceeds
sufficient to repay in full all Holding Company Notes outstanding on the date of this Amendment and shall have made arrangements reasonably satisfactory to the Administrative Agent for the application of such proceeds to the redemption of such
outstanding Holding Company Notes (including payment of a related prepayment premium in the amount of approximately $1.8 million). 
 (c) The Borrower shall have paid to the Administrative Agent, for the account of each Lender that executes and returns to the Administrative Agent its consent and authorization approving this Amendment (as circulated on March 28,
2007) by 5:00 p.m. (New York City time) on April 4, 2007, a non-refundable fee equal to 0.05% of the aggregate amount outstanding on March 28, 2007 on the Revolving Commitment and Tranche B Term Loan of such Lender. 
 (d) All fees and expense reimbursements due and payable under the Loan Documents to any Agent shall have been paid. 
 (e) The Administrative Agent shall have received such other documents and instruments as any Agent may reasonably request. 
 SECTION 3. Representations and Warranties. The Borrower represents and warrants that: 
 (a) Authority. The Borrower has the requisite power and authority to execute, deliver and perform its obligations under this Amendment
and the Credit Agreement as amended hereby. Each Grantor has the requisite power and authority to execute, deliver and perform its obligations under the Consent and the Loan Documents, as amended hereby. The execution, delivery and
performance by the Borrower of this Amendment and by the Grantors of the Consent, and the performance by each Loan Party of each Loan Document (as amended hereby) to which it is a party have been duly approved by all necessary organizational action
of such Loan Party. 
 (b) Enforceability. This Amendment has been duly executed and delivered by the Borrower and the
Consent has been duly executed and delivered by each Grantor. When the conditions to effectiveness in Section 2 of this Amendment have been satisfied, each of this Amendment, the Consent and each Loan Document (as amended hereby) is the
legal, valid and binding obligation of each Loan Party party thereto, enforceable against such Loan Party in accordance with its terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought in proceedings in equity or at law). 
 (c) Representations and Warranties. The representations and warranties made by any Loan Party in the Loan Documents are true and correct
in all material respects on the date hereof, except to the extent that such representations and warranties refer to an earlier date (in which case they are true and correct in all material respects as of such earlier date). 
 (d) No Default. No Default has occurred and is continuing. 
 SECTION 4. Reference to and Effect on the Loan Documents. 
 (a) If and when this Amendment becomes effective, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit
Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit
Agreement as amended hereby. 
  

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 (b) The Credit Agreement, as amended hereby, and the Guarantee and Collateral Agreement and the
other Loan Documents are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described
therein do and shall continue to secure the payment of all Obligations under and as defined in the Credit Agreement, as amended hereby. 
 (c) The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Lender or Agent under any of the Loan Documents or constitute, except as expressly set forth herein, a
waiver or amendment of any provision of any of the Loan Documents. 
 (d) This Amendment is a Loan Document. The provisions of
Sections 11.12 and 11.16 of the Credit Agreement shall apply with like effect to this Amendment. 
 SECTION
5. Counterparts. This Amendment (including all consents and authorizations relating hereto) and the Consent may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when
so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment (or any consent or
authorization relating hereto) or the Consent by facsimile shall be effective and enforceable as delivery of a manually executed counterpart thereof. The Administrative Agent will not have any responsibility for determining whether (and makes
no representation as to whether) any such counterpart has been duly authorized, executed or delivered or is enforceable against any party hereto. 
 SECTION 6. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York. 
 [signature pages follow] 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their
respective officers thereunto duly authorized, as of the date first written above. 
  

			
	INNOPHOS, INC.
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	 BEAR STEARNS CORPORATE LENDING INC.,
 individually and as Administrative Agent

		
	By:	 	 
	Name:	 	
	Title:	 	

 CONSENT 
 Dated as of April 16, 2007 
 The undersigned, as Grantors under the Guarantee and Collateral
Agreement and, as applicable, as parties to the other Security Documents hereby consent and agree to the foregoing Second Amendment and hereby confirm and agree that (i) each of the Guarantee and Collateral Agreement and the other Security
Documents is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all respects except that, upon the effectiveness of, and on and after the date of, said Second Amendment, each reference therein to the
“Credit Agreement”, “thereunder”, “thereof” and words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended by said Second Amendment and (ii) the
Guarantee and Collateral Agreement and the other Security Documents all of the Collateral described therein does, and shall continue to, secure the payment and performance of all of the Obligations as defined in the Guarantee and Collateral
Agreement, after giving effect to said Second Amendment. 
  

			
	INNOPHOS, INC.
		
	By:	 	 
	Title:	 	VP-Treasury
	
	INNOPHOS INVESTMENTS HOLDINGS, INC.
		
	By:	 	 
	Title:	 	VP-Treasury
	
	INNOPHOS MEXICO HOLDINGS, LLC
		
	By:	 	 
	Title:	 	VP-Treasury

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