Racing_Hamilton by niusheng11

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									          OFFICIAL
         PROPOSAL


Fairgrounds Speedway USA, LLC
               &
  Tennessee State Fair Board
 Tennessee State Fairgrounds
        Nashville, TN


           Chad Chaffin
        Bobby Hamilton, Jr.




          2011 & 2012
Fairgrounds Speedway USA, LLC to be operated by Chad Chaffin and Bobby
Hamilton, Jr. Donnie Redd to be hired as general manager for the company
effective immediately upon approval of agreement.

Bobby Hamilton, Jr. former NASCAR Sprint Cup and NASCAR Nationwide Series
driver and currently part-time NASCAR Camping World Truck Series driver.
Hamilton owns Highland Rim Speedway and Riverview Speedway Park both
located in Tennessee.

Chad Chaffin is a former NASCAR Sprint Cup and Nationwide Series driver and
competed full time in the NASCAR Camping World Truck Series. Chaffin owns a
successful business in the Nashville area. He is a former two time champion of
the track located at the Tennessee State Fairgrounds.

Donnie Redd retired from Nissan North America in Smyrna, TN with 25 years
service. Redd is a timing and scoring official with the NASCAR Sprint Cup,
Nationwide and Camping World Truck Series for the past 15 years. He has been a
long time official with the speedway located at the fairgrounds and has served in
various capacities over the years.

Barry Clapp is the founder and owner of Tennessee Drift of Middle Tennessee
which held events in 2010 at the fairgrounds. Clapp is a local dirt track driver and
has competed in many NASCAR sanctioned events at the fairgrounds. In
conjunction with his drift organization his public relations and promotional skills
will be an asset to the Fairgrounds Speedway USA, LLC team.

The track located at the Tennessee State Fairgrounds is regarded to many as the
premier short track in the nation. The track is known for having more drivers who
have moved to NASCAR and other national touring series and claiming success.
Darrell Waltrip, Jeff Green and the late Bobby Hamilton, Sr. claimed national
championships within NASCAR after getting their start at the Nashville track.
Sterling Marlin claimed two Daytona 500 championships made his racing debut at
the fairgrounds facility. Bobby Hamilton, Jr. and Chad Chaffin have won in the
upper divisions of NASCAR.
The speedway has a rich tradition of greatness within the state and city of
Nashville. The first asphalt event was held in 1958. The first champion was Bob
Reuther who drove a car maintained by Preacher Hamilton and Bud Hamilton and
sponsored by the late country music icon, Marty Robbins.

A 2011 season will be the 54th year of racing at the famed speedway. The
fairgrounds facility is the second oldest facility to hold stock car racing events in
the nation.

It is our intention to return local racing to its proper place in relevance to other
sporting and entertainment events in Nashville. We want to bring people to the
fairgrounds and to serve as a support activity for visitors to our great city.

Please bear in mind in order to have a successful season time is of the essence. To
fulfill our obligations and for the Tennessee State Fair Board to realize this
proposals full potential we respectfully request your consideration and action be
taken at the April 5th, 2011 fair board meeting.

a. Twenty (20) race events over the course of two years (2011 & 2012). Ten race
events for the 2011 season and ten race events for the 2012 season.

b. Payment of $5,000.00 per event for use of on track activities for Friday,
Saturday and Sunday of scheduled events. (Race events canceled due to weather
or other types of disaster may be rescheduled without additional penalty by both
parties). Utilities, Public address system, scoring equipment included in payment.
All on-track activities on these days are covered under this payment.

c. Payment of $750.00 per month for use of speedway office facility, fixtures and
utilities included. Fairgrounds Speedway USA, LLC provides tracks phone service
and internet.

d. Payment of $250.00 for use of lights during night practice and/or testing at
the speedway; except for actual spectator viewed races as noted above in section
(b).
e. Payment of $75.00 per hour to the fair board for any scheduled types of
rental, ride-a-long and open practice, etc., on Monday or Thursday of the
weekday.

f. Agree to meet insurance requirements to secure agreement.

g. Mufflers to be mandatory for local events and all divisions that participate in
more than one event at the speedway. Willing to conduct test to demonstrate the
effectiveness of mufflers, or determine which mufflers should be mandated.

h. $1.00 per sale of each tire sold will be designated for use to a charity or to a
community related activity within District 17 of Metro Nashville. The distribution
of funds to be coordinated with (SNAP) committee members, if no preference
track management will determine a worthwhile charity.

i. $1.00 per sale of each tire sold will be donated to the general fund of Fall-
Hamilton Elementary School, 500 Wedgewood Avenue, Nashville,TN 37203

j. 0.5 (5 cents) per gallon of racing fuel sold will be designated for use to a
charity or to a community activity within District 17 of Metro Nashville. The
distribution of funds to coordinated with (SNAP) committee members, if no
preference track management will determine a worthwhile charity.

k. 0.5 (5 cents) per gallon of racing fuel sold will be donated to the general fund
of Fall-Hamilton Elementary School, 500 Wedgewood Avenue, Nashville, TN
37203.

l. $50.00 per major billboard sold to be designated for use to a charity or to a
community related activity within District 17 of Metro Nashville. The distribution
of funds to coordinated with (SNAP) committee members, if no preference track
management will determine a worthwhile charity.

m. $50.00 per major billboard sold to be paid as royalty to the Tennessee State
Fair Board.

n. Prepared to meet guidelines and safety standards set forth by the agreement.
o. Concessions: open to discussion to setup for the season or work with the
present concession group contracted by the facility with explanation of
Fairgrounds Speedway USA, LLC, either being granted concession rights or
royalties as such.

p. Concessions agreement considered only for general admission paying
customers. Fairgrounds Speedway USA, LLC reserves the right to have catering
and provide food and beverage to VIP customers and sponsors.

q. Ride-a-longs during the ten scheduled events at intermission; proceeds will be
contributed 50% to Vanderbilt Children’s Hospital and 50% to the general fund of
Fall-Hamilton Elementary School, 500 Wedgewood Avenue, Nashville, TN 37203.

r. The naming rights of the speedway to be retained by Fairgrounds Speedway
USA, LLC. A 5% royalty on all sponsor revenue to be paid to the Tennessee State
Fair Board. (i.e.: race day sponsorship, division title sponsorships, etc.)

s. The All American 400 race event (not including support events on previous
days). .50 (50 cents) of each general admission ticket sold will be paid as royalty
to the Tennessee State Fair Board.

t.   The All American 400 race event (not including support events on previous
days). .50 (50 cents) of each general admission ticket sold will be donated to the
Vanderbilt Children’s Hospital.

u.    The payment of $5,000.00 for the first event to be paid upfront with the
approval of this agreement. Payments for remaining events to be paid in the same
accordance. The second event paid prior to first event, the third event paid prior
to the second event, etc. etc. for the remainder of the events. (Check attached to
the original agreement).

v. This agreement is valid thru Wednesday, April 6th, 2011, we reserve the right
to withdraw after that date.
The planned activities for use of speedway facility for 2011 and 2012 calendar
years.

   a. Racing programs to be conducted for the ten events each year include
      programs on the 5/8th mile and ¼ mile facility.
   b. Program will include Late Model Stock Car, SuperTruck and on the 5/8th
      mile. The quarter mile to include Sportsman, Super Stock, Dwarf,
      Frontrunner and Legends .
   c. Additional types of racing cars and or trucks may be scheduled as program
      is selected for the year.
   d. Two (2) Ken-Ten Late Model Series events to be scheduled beginning with
      the 2011 season and option for 2012 season.
   e. Presently in discussion with Frank Kimmel Street Stock Nationals for an
      event to be scheduled for 2011 season and option for 2012.
   f. Plans for 2011 and 2012 to hold All American 400 weekend. Three day
      event.
   g. Presently in discussion with ARCA Series (Automobile Racing Club of
      America) for an event to be held in 2012.
   h. Presently in discussion with NASCAR for NASCAR K & N Pro East Series
      event to be held in 2012.

								
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