Document:

EX-10.2

 Exhibit 10.2 
 AMENDED AND RESTATED PLEDGE AGREEMENT 
 This AMENDED AND RESTATED PLEDGE
AGREEMENT dated as of February 1, 2013 (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 January 28, 2011 (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 January 28, 2011 (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 not an Unrestricted 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 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. 

  
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 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). 
 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 

  
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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. 
 (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). 

  
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 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 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. 

  
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 (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 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 

  
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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 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. 

  
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 (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. 
 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

		
		 	 SPEEDWAY MOTORSPORTS, INC.,
 a Delaware corporation

			
		 	By:	 	 /s/ William R. Brooks

		 	Name:	 	 William R. Brooks

		 	Title:	 	 Vice Chairman and CFO

		
		 	 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/ Brenda J. Manduk

		 	Name:	 	 Brenda 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.
	  	New Hampshire Motor Speedway, Inc.	  	 	9	  	  	 	322	  
	 Speedway Motorsports, Inc.
	  	Texas Motor Speedway, Inc.	  	 	1	  	  	 	1,000	  
	 Speedway Motorsports, Inc.
	  	SMISC Holdings, Inc.	  	 	2	  	  	 	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, LLC	  	 	N/A	  	  	 	N/A	  
	 Speedway Motorsports, Inc.
	  	Nevada Speedway, LLC	  	 	N/A	  	  	 	N/A	  
	 Speedway Motorsports, Inc.
	  	Speedway Funding, LLC	  	 	N/A	  	  	 	N/A	  
	 Charlotte Motor Speedway, LLC
	  	INEX Corporation	  	 	1	  	  	 	5,000	  
	 Charlotte Motor Speedway, LLC
	  	U.S. Legend Cars International, Inc.	  	 	5	  	  	 	5,000	  
	 Speedway Properties Company, LLC
	  	Speedway Media, LLC	  	 	N/A	  	  	 	N/A	  
	 SMISC Holdings, Inc.
	  	TSI Management Company, LLC	  	 	N/A	  	  	 	N/A	  
	 Speedway Motorsports, Inc.
	  	Speedway Properties Company, LLC	  	 	N/A	  	  	 	N/A	  
	 Speedway Motorsports, Inc.
	  	SMI Systems, LLC	  	 	N/A	  	  	 	N/A	  
	 SMISC Holdings, Inc.
	  	SMI Trackside, LLC	  	 	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:]Advisory and Non-Compete/Non-Solicitation Agreement

 Exhibit 10.29 
 ADVISORY AND NON-COMPETE/NON-SOLICITATION AGREEMENT 
 This Advisory and
Non-Compete/Non-Solicitation Agreement (“Agreement”) is made and entered into by and between Southwest Airlines Co. (“Company”), and Laura Wright (“Advisor”) effective as
January 31, 2013. 
 1. Termination of Employment and Advisory Period. 

(a) Advisor voluntarily terminated her employment with the Company effective as of January 31, 2013 (the “Separation
Date”). 
 (b) From the Separation Date and for a period of six months following such date (“Consulting
Period”), Advisor shall provide consulting services necessary for the transition of Advisor’s duties while she was an employee of the Company and on special projects, as requested by the Chief Executive Officer of the Company. The
level of services to be performed by Advisor during the Consulting Period will not exceed a level equal to 20% of the average level of services performed by Advisor during the 36-month period immediately preceding the Separation Date. 

(c) Advisor shall be an independent contractor and not an agent or employee of the Company. Neither the relationship of the Company and
Advisor nor any provision of this Agreement shall be construed to authorize Advisor to take any action, make or fail to make any decision, representation or commitment, binding upon the Company or any of its affiliated companies in the absence of
written specific authorization executed by an executive officer of the Company. The Company shall at all times be free to employ other consultants to perform services in addition to or in lieu of the services to be provided by Advisor. Subject to
the provisions of this Agreement, Advisor shall be free to devote such time, energy and skill during regular business hours as she is not obligated to devote hereunder to the Company in such manner as she deems fit and to such persons, firms or
corporations as she chooses. 
 2. Confidentiality, Non-Compete and Non-Solicitation Obligations. 

(a) The Advisor acknowledges that the Company has trade, business and financial secrets and other confidential and proprietary
information (collectively, the “Confidential Information”). Confidential information includes, but is not limited to, sales materials, technical information, strategic information, business plans, processes and compilations
of information, records, specifications and information concerning customers or venders, customer lists, and information regarding methods of doing business. As defined herein, Confidential Information shall not include information that is generally
known to other persons or entities who can obtain economic value from its disclosure or use. 
 (b) The Advisor is aware of
those policies implemented by the Company to keep its Confidential Information secret, including those policies limiting the disclosure of information on a need-to-know basis, requiring the labeling of documents as “confidential,” and
requiring the keeping of information in secure areas. The Advisor acknowledges that the Confidential Information has been developed or acquired by the Company through the expenditure of substantial time, effort and money and provides the Company
with an advantage over competitors who do not know or use such Confidential Information. 

  

					
		 	Page 1 of 8	 	Initials: /s/ LW

 (c) During and following the Consulting Period, the Advisor shall hold in confidence and not
directly or indirectly disclose or use or copy or make lists of any Confidential Information except to the extent authorized in writing by the Chief Executive Officer or compelled by legal process, other than to an employee of the Company or a
person to whom disclosure is reasonably necessary or appropriate in connection with the performance by the Advisor of her duties pursuant to this Agreement. The Advisor agrees to use reasonable efforts to give the Company notice of any and all
attempts to compel disclosure of any Confidential Information, in such a manner so as to provide the Company with written notice at least five days before disclosure or within one business day after the Advisor is informed that such disclosure is
being or will be compelled, whichever is earlier. Such written notice shall include a description of the information to be disclosed, the court, government agency, or other forum through which the disclosure is sought, and the date by which the
information is to be disclosed, and shall contain a copy of the subpoena, order or other process used to compel disclosure. 

(d) The Advisor further agrees not to use any Confidential Information for the benefit of any person or entity other than the Company.

 (e) All records, files, documents and materials, or copies thereof, relating to the Company’s and its affiliates’
business which the Advisor shall prepare, or use, or be provided with as a result of the Agreement or which the Advisor has prepared, or used, or been provided with as a result of her employment with the Company, shall be and remain the sole
property of the Company or its affiliates, as the case may be, and shall be returned promptly by the Advisor to the owner upon termination of the Consulting Period. 
 (f) The Advisor acknowledges and agrees that the nature of the Confidential Information which the Company provided to her by the Company during the term of her employment, and commits to provide to her
during the Consulting Period, would make it difficult, if not impossible, for her to perform in a similar capacity for a Competing Business (as defined below) without disclosing or utilizing the Confidential Information. The Advisor further
acknowledges and agrees that the Company’s business is conducted throughout the country in a highly competitive market. Accordingly, the Advisor agrees that she will not (other than for the benefit of the Company pursuant to this Agreement)
directly or indirectly, individually or as an officer, director, employee, shareholder, consultant, contractor, partner, joint venturer, agent, equity owner or in any capacity whatsoever (1) during the term of Non-Competition, engage in the
airline business or in any other business activity that the Company is conducting, or is intending to conduct, on the Separation Date in any geographical area in which the Company conducts business (a “Competing
Business”), or (2) during the Term of Non-Solicitation, (i) hire, attempt to hire, or contact or solicit with respect to hiring any employee of the Company, or (ii) solicit, divert or take away any customers or
customer leads (as of the end of the Consulting Period) of the Company. The “Term of Non-Competition” and the “Term of Non-Solicitation” shall each be defined as that term beginning on the
Separation Date and continuing until the three-year anniversary of the Separation Date. 
 (g) During the Consulting Period the
Company shall provide the Advisor with Confidential Information of the Company as described in Section 2(a). Accordingly, in consideration for the Company’s commitment to provide Confidential Information to the Advisor and the
Consideration and in order to protect the value of the Confidential Information 

  

					
		 	Page 2 of 8	 	Initials: /s/ LW

 
to the Company, the Advisor agrees that during the Term of Non-Competition or the Term of Non-Solicitation, she will not directly or indirectly disclose or use or disclose for any reason
whatsoever any Confidential Information obtained by reason of her employment or consulting relationship with the Company or any predecessor, except as required to conduct the business of the Company. The obligations of the Advisor set forth in the
preceding sentence are in addition to, and not in lieu of, the obligations of the Advisor set forth in Section 2(c) of this Agreement. 
 (h) During the Term of Non-Competition, the Advisor will not use the Advisor’s access to, knowledge of, or application of Confidential Information to perform any duty for any Competing Business; it
being understood and agreed to that this Section 2(h) shall be in addition to and not be construed as a limitation upon the covenants in Section 2(f) hereof. 
 (i) The Advisor acknowledges that the geographic boundaries, scope of prohibited activities, and time duration of the preceding paragraphs are reasonable in nature and are no broader than are necessary to
maintain the confidentiality and the goodwill of the Company and the confidentiality of its Confidential Information and to protect the other legitimate business interests of the Company. 

(j) If any court determines that any portion of this Section 2 is invalid or unenforceable, the remainder of this Section 2
shall not thereby be affected and shall be given full effect without regard to the invalid provisions. If any court construes any of the provisions of this Section 2, or any part thereof, to be unreasonable because of the duration or scope of
such provision, such court shall have the power to reduce the duration or scope of such provision and to enforce such provision as so reduced. 
 (k) The Advisor’s covenants under this Section 2 of the Agreement shall be construed as an agreement independent of any other provision of this Agreement; and the existence of any claim or cause
of action of Advisor against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of this covenant. 
 (l) The parties shall execute such documents and take such other action as is necessary or appropriate to effectuate the provisions of this Agreement. 

(m) As used in this Section 2 and in Section 4, “Company” shall include Southwest Airlines Co. and any
of its affiliates. 
 3. Consideration. 
 (a) In consideration for Advisor’s promises herein and provided that the Advisor continues to comply with the restrictive covenants set forth in Section 2, the Company shall: 

(i) Pay Advisor $40,000 for each month of the six month Consulting Period (the “Advisory Fee”), on the last
regular pay date of each calendar month beginning in February 2013 and ending in July 2013. The Company will not withhold from the Advisory Fee any sums for income tax, unemployment insurance, social security, or any other withholding pursuant to
any law, nor will the Company make available to Advisor any of the benefits 

  

					
		  	Page 3 of 8	  	Initials: /s/ LW

 
afforded to employees of the Company other than retirement benefits available to her due to her age and service and group health plan continuation coverage, to the extent Advisor timely elects
pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended. Advisor expressly acknowledges and agrees that Advisor is solely responsible for the payment of all income and other taxes associated with the Advisory Fee.

 (ii) Upon the execution and delivery of release (in the form attached Exhibit A) on or prior to July 31, 2013 (and not
subsequently revoked), in consideration for the Advisor’s covenants set forth in Section 2, pay Advisor an amount equal to $1,821,600 on the first regular pay date in August 2013. The Company will withhold from the amounts payable pursuant
to this Section 3(a)(ii) all federal, state, city, or other income or employment taxes as may be required pursuant to any law or governmental regulation or ruling. 
 (iii) In accordance with the terms of the Company’s Amended and Restated 2007 Equity Incentive Plan and the related terms and conditions applicable to Advisor’s restricted stock unit grants,
provide for the continued vesting of restricted stock units held by the Advisor during the Consulting Period. The Company will withhold with respect to such restricted stock units all federal, state, city, or other income or employment taxes as may
be required pursuant to any law or governmental regulation or ruling. 
 (iv) Provide (A) Advisor and her spouse with
lifetime unlimited NRMR and NRSA travel and (B) any “qualifying child” (as defined in section 152(c) of the Internal Revenue Code of 1986, as amended, (the “Code”)) of Advisor with NRSA travel, in each case, on
Southwest Airlines and AirTran in accordance with the Company policy in effect from time to time regarding retiree travel for former officers of the Company, such benefit (in the case of NRMR travel) commencing on the date that is six months
following the Separation Date. Also on such date, Advisor shall be reimbursed for her cost in purchasing positive space airfare during the six-month period for herself and her spouse. Advisor agrees to provide timely notice to the Company of any
such expenses (and any other documentation that the Company may reasonably require to substantiate such expenses) in order to facilitate the Company’s timely reimbursement of the same. The reimbursement pursuant to this Section 3(c)(iv) is
not subject to liquidation or exchange for another benefit and the amount of such reimbursement is payable only in 2013 and is not payable in, and will not affect the amount of any reimbursements that Advisor may receive in, any other taxable year.

 (b) The consideration set forth in this Section 3 is referred to as the “Consideration.”

 4. Cooperation Post-Employment. During and following the Consulting Period, Advisor will cooperate with and assist the
Company in defense of any claim, litigation or administrative proceeding brought against the Company, as reasonably requested by the Company. Such cooperation and assistance shall include, but not be limited to, (i) interviews of Advisor by
legal counsel for the Company as reasonably requested by such counsel, (ii) Advisor providing documents (or copies thereof) and executing affidavits as reasonably requested by such counsel, (iii) Advisor appearing for depositions, trials,
and other proceedings as reasonably requested by such counsel, and (iv) Advisor communicating with any party adverse to the Company, or with a representative, agent or legal counsel for any such party, concerning any

  

					
		  	Page 4 of 8	  	Initials: /s/ LW

 
pending or future claims or litigation or administrative proceeding solely through legal counsel for the Company. The Company will pay all reasonable out-of-pocket expenses incurred by Advisor in
providing such cooperation and assistance, provided such expenses have been pre-approved by the Company. Nothing in this paragraph 4 is intended to cause Advisor to testify other than truthfully in any proceeding or affidavit. 

5. Warranties and Other Obligations of Advisor. Advisor agrees, represents and warrants that: 

(a) The Consideration is not something to which Advisor is otherwise indisputably entitled, is good and sufficient consideration for
Advisors execution and non-revocation of this Agreement. 
 (b) Advisor is legally and mentally competent to sign this
Agreement. 
 (c) Advisor presently possesses the exclusive right to receive all of the Consideration paid in exchange for this
Agreement. 
 6. Choice of Law. This Agreement shall be interpreted and construed in accordance with and shall be
governed by the laws of the State of Texas (without regard to any conflicts of law principle which would require the application of some other state law) and, when applicable, the laws of the United States. 

7. Entire Agreement. This Agreement constitutes the entire agreement of the parties relating to the subject matter hereof. Any
previous agreements with respect to this subject matter are superseded by this Agreement and are of no further force or effect, provided that Advisors continuing obligations under the Employment Agreement shall remain in full force and effect
according to its terms. No term, provision or condition of this Agreement may be modified in any respect except by a writing executed by both Advisor and the Company. No person has any authority to make any representation or promise on behalf of any
of the parties not set forth in this Agreement. This Agreement has not been executed in reliance upon any representation or promise except those contained herein. 
 8. Acknowledgment of Terms. Advisor acknowledges that Advisor has carefully read this Agreement; that Advisor has had the opportunity for review of it by Advisor’s attorney; and that Advisor
is signing this Agreement voluntarily. 
 9. Waiver. The failure of either party to enforce or to require timely
compliance with any term or provision of this Agreement shall not be deemed to be a waiver or relinquishment of rights or obligations arising hereunder, nor shall this failure preclude the enforcement of any term or provision or avoid the liability
for any breach of this Agreement. 
 10. Severability. Each part, term or provision of this Agreement is severable from
the others. Notwithstanding any possible future finding by a duly constituted authority that a particular part, term or provision is invalid, void or unenforceable, this Agreement has been made with the clear intention that the validity and
enforceability of the remaining parts, terms and provisions shall not be affected thereby. 

  

					
		  	Page 5 of 8	  	Initials: /s/ LW

 11. Construction. This Agreement shall be deemed drafted equally by all the parties.
Its language shall be construed as a whole and according to its fair meaning. Any presumption or principle that the language is to be construed against any party shall not apply. The headings in this Agreement are only for convenience and are not
intended to affect construction or interpretation. The plural includes the singular and the singular includes the plural; “and” and “or” are each used both conjunctively and disjunctively; “any,” “all,”
“each,” or “every” means “any and all, and each and every;” “including” and “includes” are each “without limitation;” and “herein,” “hereof,” “hereunder” and
other similar compounds of the word “here” refer to the entire Agreement and not to any particular paragraph, subparagraph, section or subsection. 
 12. Timing. Advisor acknowledges and agrees Advisor has had a reasonable time to consider this Agreement before executing it. 

13. Advice to Consult Counsel. The Company hereby advises Advisor to consult with an attorney prior to executing this Agreement.

 14. Survival. The respective rights and obligations of the parties hereunder shall survive any termination of
this Agreement to the extent necessary to the intended preservation of such rights and obligations. The provisions of this Section are in addition to the survivorship provisions of any other section of this Agreement. 

15. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original,
but all of which together will constitute one and the same Agreement. Signatures delivered by facsimile shall be deemed effective for all purposes. 
 16. Section 409A. This Agreement is intended to be exempt from or compliant with Section 409A of the Code and the provisions of this Release shall be construed
accordingly. Advisor’s “separation from service” within the meaning of Treasury Regulation § 1.409A-1(h) was January 31, 2013. 
 17. Notices. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested,
postage prepaid, or by facsimile, as follows: 
 If to Advisor:
          Laura Wright 

                    
            [HOME ADDRESS] 
 If to the
Company:   Southwest Airlines Co. 
    2702 Love Field Drive, HDQ-4GC 

   Dallas, Texas 75235 
    Attn: Vice President, General Counsel 
 or to such other address as either party
shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 
 REMAINDER OF PAGE INTENTIONALLY LEFT BLANK 

  

					
		  	Page 6 of 8	  	Initials: /s/ LW

 
			
	 LAURA WRIGHT

	
	 /s/ Laura Wright

	 Date: 2-5-2013

	
	 SOUTHWEST AIRLINES CO.

		
	 By:
	 	 /s/ Gary C Kelly

	 Name: Gary C Kelly

	 Title: Chief Executive Officer

	 Date: 2-5-13

  

					
		  	Page 7 of 8	  	

 EXHIBIT A 

 GENERAL RELEASE OF CLAIMS 

This General Release of Claims (the “Release”) is entered into between Laura Wright
(“Advisor”) and Southwest Airlines Co. (the “Company”). For and in consideration of the mutual covenants and promises set out in this Release, and for other good and valuable consideration, the
receipt and sufficiency of which are acknowledged, Advisor and the Company agree: 
 Section 1. Date of Termination. Advisor’s
employment with the Company terminated on January 31, 2013 and Advisor’s service relationship as an independent contractor terminated as of July 31, 2013 (the “Termination Date”). 

Section 2. Non-Compete/Non-Solicitation Payment. Provided Advisor executes and delivers to the Company this Release no later than July 31,
2013 (the “Release Return Date”) and does not revoke it within seven days of execution, the Company agrees to pay to Advisor the amount set forth in Section 2(a)(ii) of the Advisory and Non-Compete/Non-Solicitation
Agreement effective as of February 1, 2013, less appropriate, legally-required deductions, on the first regular pay date of the Company in August 2013. 
 Section 3. Company Property and Expenses. Advisor must return any materials or property (other than personal effects) that Advisor has acquired or prepared while employed by the Company and in
connection with such employment including, without limitation, all computer hardware, software, documents (whether or not electronic), files, records, keys and any other Company equipment, materials, documents or other property on or before the
Termination Date.
 Section 4. Release. 
 A. Advisor agrees to, and hereby does, release and discharge the Company and any parent, subsidiary, predecessor, successor, assign or affiliated entity, along with their respective owners, partners,
officers, members, directors, employees, agents, attorneys, successors, administrators and insurers (collectively the “Company Parties”), from any and all claims, demands, liabilities and causes of action, whether statutory
or common law, including, but not limited to, any claim for salary, bonus, benefits, payments, expenses, costs, damages, penalties, compensation, remuneration, wages, contractual entitlements or pursuant to any employment agreement or similar
agreement between Advisor and the Company, and all claims or causes of action relating to any matter occurring on or prior to the date that Advisor executed this Release, including without limitation any alleged violation of: (i) the Age
Discrimination in Employment Act of 1967 and Older Worker’s Benefit Protection Act of 1990, as amended; (ii) Title VII of the Civil Rights Act of 1964, as amended; (iii) the Civil Rights Act of 1991; (iv) Sections 1981 through
1988 of Title 42 of the United States Code, as amended; (v) the Employee Retirement Income Security Act of 1974, as amended; (vi) the Immigration Reform Control Act, as amended; (vii) the Americans with Disabilities Act of 1990, as
amended; (viii) the National Labor Relations Act, as amended; (ix) the Occupational Safety and Health Act, as amended; (x) the Family and Medical Leave Act of 1993, as amended; (xi) the Worker Adjustment and Retraining
Notification Act; (xii) any state or federal anti-discrimination law; (xiii) any state or 

 
federal wage and hour law; (xiv) any other local, state or federal law, regulation or ordinance; (xv) any public policy, contract, tort, or common law claim; (xvi) any allegation for
costs, fees, or other expenses including attorneys’ fees incurred in the matters referenced herein; and (xvii) any and all claims Advisor may have arising as the result of any alleged breach of any contract, incentive compensation plan or
agreement or stock option plan or agreement with any Company Party (collectively, the “Released Claims”). This Release extinguishes all rights, if any, which Advisor may have, contractual or otherwise, relating to or
arising out of Advisor’s employment with the Company and the termination of Advisor’s employment. Advisor acknowledges that Advisor has received all leaves (paid and unpaid) to which Advisor was entitled during Advisor’s employment
and, as of the date that Advisor executes this Release, Advisor has received all wages and been paid all sums (including bonuses) that Advisor is owed by the Company. This Release is not intended to indicate that any such claims exist or that, if
they do exist, they are meritorious. Rather, Advisor is simply agreeing that, in exchange for the consideration described in Section 2 of this Release, any and all potential claims of this nature that Advisor may have against the Company
Parties, regardless of whether they exist, are settled, compromised and waived.
 B. Notwithstanding this release of liability,
nothing in this Release prevents Advisor from filing any non-legally waivable claim, including a challenge to the validity of this Release with the Equal Employment Opportunity Commission (“EEOC”) or comparable state or local
agency, or participating in any investigation or proceeding conducted by the EEOC or comparable state or local agency; however, Advisor understands and agrees that Advisor is waiving any and all rights to recover any monetary or personal relief or
recovery as a result of such EEOC or comparable state or local agency proceeding or subsequent legal actions. Further, in no event shall the Released Claims include: (i) any claim which arises after the date this Release is executed by Advisor,
including any claim to enforce Advisor’s rights under this Release; (ii) any claim to any vested benefits under an employee benefit plan; or (iii) any claim to enforce indemnification or expense advancement rights, if any, under any
agreement or the Company’s charter or bylaws. 
 Section 5. Advisor’s Representation. Advisor has not brought or joined any
claims, appeals, complaints, charges or lawsuits against any Company Party and has made no assignment, sale, delivery, transfer or conveyance of any rights Advisor has asserted or may have against any of the Company Parties with respect to any
Released Claim. 
 Section 6. ADEA Rights. Advisor further acknowledges that: 

A. Advisor has been advised that Advisor has the right to seek legal counsel before signing this Release and has had adequate opportunity
to do so. Advisor warrants that Advisor executes this Release voluntarily and of Advisor’s own free will, after having a reasonable period of time to review and deliberate regarding its meaning and effect. 

B. Advisor has been given at least 21 days to review this Release and understands that if Advisor does not accept
this Release by returning an executed copy to the Company by the 22nd day after this Release is provided to Advisor, this offer will expire. 

  
 2 

 C. Advisor has seven days after signing this Release to revoke it. This Release will not
become effective or enforceable until the revocation period has expired. Any notice of revocation of the Release is effective only if received by the Vice President, General Counsel, in care of the Company at 2702 Love Field Drive, HDQ-4GC, Dallas,
Texas 75235, in writing by the close of business at 5:00 p.m. Central Standard Time on the seventh day after Advisor’s signing of this Release. If Advisor revokes Advisor’s acceptance of this Release pursuant to this Section 6C, the
Company will not provide Advisor with any non-compete/non-solicitation payment described in Section 2 above and all other terms of this Release will become null and void. 
 D. Advisor acknowledges that Advisor is receiving, pursuant to this Release, consideration in addition to anything of value to which Advisor is already entitled. 

Section 7. Section 409A. This Release is intended to be exempt from or compliant with Section 409A of the Internal Revenue Code of 1986,
as amended, and the provisions of this Release shall be construed accordingly. Advisor’s “separation from service” within the meaning of Treasury Regulation § 1.409A-1(h) was January 31, 2013. 

Section 8. Choice of Law, Modification and Execution. This Release will be construed in accordance with and governed by the laws of Texas. The
parties agree that this Release cannot be modified or amended except by a written instrument signed by Advisor and a duly authorized representative of the Company. This Release may be executed in multiple parts. 

Section 9. Entire Agreement. This Release sets forth the entire agreement between Advisor and the Company relating to the subject matter herein
and supersedes any and all prior oral or written agreements or understandings between Advisor and the Company concerning the subject matter of this Release. Neither of the parties has made any settlement, representations or warranty in connection
herewith (except those expressly set forth in this Release) that have been relied upon by the other party, or that acted as an inducement for the other party to enter into this Release 

[Signature page follows] 

  
 3 

 I ACKNOWLEDGE THAT I HAVE CAREFULLY READ THE FOREGOING AGREEMENT, UNDERSTAND ALL OF ITS TERMS, UNDERSTAND
THAT IT CONTAINS A COMPLETE RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS, AND AM ENTERING INTO IT VOLUNTARILY. 
  

							
		 		 	 /s/ Laura Wright

		 		 	Laura Wright
			
		 		 	2-5-13
		 		 	Date	 	
				
	Accepted and Agreed:	 		 		 	
			
		 		 	SOUTHWEST AIRLINES CO.
				
		 		 	By:	 	 /s/ Gary C Kelly

		 		 	Name:	 	Gary C Kelly
		 		 	Title:	 	Chief Executive Officer
		 		 	Date:	 	2-5-13

  
 4

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