AMENDMENT OF LEASE AGREEMENT
Exhibit 10.2
AMENDMENT OF LEASE AGREEMENT
THIS AMENDMENT is entered into on July 26, 1994, between
DAYTONA BEACH RACING AND RECREATIONAL FACILITIES DISTRICT, created by Chapter 31343, Special Laws
of Florida 1955 (“District”) and INTERNATIONAL SPEEDWAY CORPORATION, formerly known as XXXX FRANCE
RACING, INC., a Florida corporation, with its principal office in Daytona Beach, Volusia County,
Florida (“Corporation”).
R E C I T A L S :
The Parties recite and declare:
A. The Parties entered into a Lease Agreement on November 8, 1957 (the “Lease”),
which is recorded in Official Records Book 114, Page 496, Public Records of Volusia County,
Florida, for the Premises upon which is operated Daytona International Speedway. The
Premises is more fully described in SECTION I of the Lease.
B. It is the desire of the Parties to amend certain provisions of the Lease and they
have executed this Amendment for that purpose.
FOR VALUABLE CONSIDERATION the Parties agree as follows:
1. The District waives and releases its right pursuant to Paragraph (E) of the
provision entitled “GENERAL” of SECTION II of the Lease to terminate the Lease at the end
of the ten (10) year period ending in 1997.
2. All provisions of the Lease are incorporated in this Amendment and are hereby
amended or supplemented to conform with this Amendment, but in all other respects are to be
and shall continue in full force and effect.
IN WITNESS WHEREOF, each of the Parties hereto has caused this instrument to be
executed by its proper officers after due authorization this 26th day
of July, 1994.
Attest:
Secretary
Witnesses: | DAYTONA BEACH RACING AND RECREATIONAL FACILITIES DISTRICT |
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/s/ illegible
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By: | /s/ Xxxx Xxxxxxxx | ||
Chairman | ||||
/s/ Xxxxxxx X. Xxxxx
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Attest: | /s/ illegible | ||
Secretary |
INTERNATIONALSPEEDWAY CORPORATION | ||||
/s/ illegible
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By: | /s/ Xxxxx X. France | ||
President | ||||
/s/ Xxxxxxx X. Xxxxx
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Attest: | /s/ Xxxx X. Xxxxxxx | ||
Secretary |
STATE OF FLORIDA
COUNTY OF VOLUSIA
COUNTY OF VOLUSIA
The foregoing instrument was acknowledged before me this 26th day of
July, 1994, by Xxxx Xxxxxxxx & illegible as Chairman and Secretary of Daytona Beach
Racing and Recreational Facilities District for and on its behalf.
/s/ Xxxxxxx X. Xxxxx | ||||
Notary Public | ||||
Xxxxxxx X. Xxxxx | ||||
(type/print name) | ||||
My Commission expires: | OCTOBER 5, 1997 | |||
Commission No.: | XX000000 | |||
XXXXX XX XXXXXXX
XXXXXX XX XXXXXXX
XXXXXX XX XXXXXXX
The
foregoing instrument was acknowledged before me this 26th day of July,
1994, by Xxxxx X. France & Xxxx X. Xxxxxxx as President and Secretary of
International Speedway Corporation for and on its behalf.
/s/ Xxxxxxx X. Xxxxx | ||||
Notary Public | ||||
Xxxxxxx X. Xxxxx | ||||
(type/print name) | ||||
My Commission expires: | OCTOBER 5, 1997 |
Commission No.: | CC320361 | |||