EXHIBIT 10.5
April 19, 2002
BY FEDERAL EXPRESS
Xxxxxx X. Xxxxxxxxxx
c/o The Colonel's Brainerd International Raceway, Inc.
0000 Xxxxxxxxxx Xxxxxxx
Xxxxxxxx, Xxxxxxxx 00000
Xxx X. Xxxx, PC
000 xxxx Xxxx Xxxx, Xxxxx 000
Xxxxxxxxxx Xxxxx, Xxxxxxxx 00000
Gentlemen:
Pursuant to Section 3 of the Sanction Agreement dated March 9, 1999 by and
between The Colonel's Brainerd International Raceway, Inc. and National Hot Rod
Association, as amended (collectively the "Agreement"), we write to exercise
NHRA's option to extend the term of the Agreement for one additional three-year
term, which additional term will expire on December 31, 2005.
We look forward to continuing to work with you.
Sincerely,
Xxxxx Xxxxxxxx
Senior Vice President,
Business Operations and
Chief Financial Officer
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