Common use of REPRESENTATIONS AND WARRANTIES OF PARENT AND Clause in Contracts

REPRESENTATIONS AND WARRANTIES OF PARENT AND. MERGER SUB 24 5.1 Organization and Qualification 24 5.2 Authority Relative to this Agreement 24 5.3 Non-Contravention 25 5.4 Reliance 25 ARTICLE VI. COVENANTS OF ADAYTUM 26 6.1 Conduct of Business in Ordinary Course 26 6.2 Dividends, Issuance of, or Changes in Securities 27 6.3 Governing Documents 27 6.4 No Dispositions 27 6.5 Indebtedness 27 6.6 Compensation 27 6.7 Claims 27 6.8 Access to Properties and Records 27 6.9 Breach of Representations and Warranties 27 6.10 Consents 28 6.11 Tax Returns 28 6.12 Preparation of Disclosure and Solicitation Materials 28 6.13 Exclusivity; Acquisition Proposals 28 6.14 Notice of Events 28 6.15 Commercially Reasonable Efforts 28 6.16 Insurance 28 ARTICLE VII. COVENANTS OF PARENT 29 7.1 Breach of Representations and Warranties 29 7.2 Consents 29 7.3 Commercially Reasonable Efforts 29 7.4 Officers and Directors 29 7.5 Notice of Events 29 ARTICLE VIII. ADDITIONAL AGREEMENTS 30 8.1 Legal Conditions to the Merger 30 8.2 Employee Benefits 30 8.3 Expenses 30 8.4 Additional Agreements 30 8.5 Public Announcements 30 8.6 Confidentiality 31 8.7 Xxxx-Xxxxx-Xxxxxx Filing 31 8.8 Closing Balance Sheet 31 8.9 United States Real Property Holding Corporation 31

REPRESENTATIONS AND WARRANTIES OF PARENT AND. MERGER SUB 24 5.1 39 Section 4.01 Organization and Qualification 24 5.2 Authority Relative to this Agreement 24 5.3 Non39 Section 4.02 Authorization of Transaction; Binding Effect 39 Section 4.03 Noncontravention 39 Section 4.04 Broker’s Fees 40 Section 4.05 Financing 40 Section 4.06 Litigation 41 Section 4.07 Solvency 41 Section 4.08 Investment Intent; Restricted Securities 41 Section 4.09 Ownership of Merger Sub; No Prior Activities 42 Article V PRE-Contravention 25 5.4 Reliance 25 ARTICLE VI. CLOSING COVENANTS OF ADAYTUM 26 6.1 Conduct 42 Section 5.01 Operation of Business in Ordinary Course 26 6.2 Dividends, Issuance of, or Changes in Securities 27 6.3 Governing Documents 27 6.4 No Dispositions 27 6.5 Indebtedness 27 6.6 Compensation 27 6.7 Claims 27 6.8 42 Section 5.02 Notices and Consents 45 Section 5.03 Access to Properties and Records 27 6.9 Breach of Representations and Warranties 27 6.10 Consents 28 6.11 Tax Returns 28 6.12 Preparation of Disclosure and Solicitation Materials 28 6.13 Exclusivity45 Section 5.04 Contact with Business Relations 46 Section 5.05 Exclusivity 46 Section 5.06 Regulatory Filings 46 Section 5.07 Notification 48 Section 5.08 280G Matters 48 Section 5.09 Debt Financing. 49 Section 5.10 Requisite Stockholder Approval; Acquisition Proposals 28 6.14 Stockholder Notice of Events 28 6.15 Commercially Reasonable Efforts 28 6.16 Insurance 28 ARTICLE VII. COVENANTS OF PARENT 29 7.1 Breach of Representations and Warranties 29 7.2 Consents 29 7.3 Commercially Reasonable Efforts 29 7.4 Officers and Directors 29 7.5 Notice of Events 29 ARTICLE VIII. 51 Article VI ADDITIONAL AGREEMENTS 30 8.1 Legal Conditions 52 Section 6.01 Further Assurances 52 Section 6.02 Press Releases 52 Section 6.03 Parent Transaction Expenses 52 Section 6.04 Confidentiality 52 Section 6.05 Reasonable Best Efforts to Complete 53 Section 6.06 Employee Matters 53 Section 6.07 Provision Respecting Representation of the Merger 30 8.2 Employee Benefits 30 8.3 Expenses 30 8.4 Additional Agreements 30 8.5 Public Announcements 30 8.6 Confidentiality 31 8.7 Xxxx-Xxxxx-Xxxxxx Filing 31 8.8 Closing Balance Sheet 31 8.9 United States Real Property Holding Corporation 31Company 54

REPRESENTATIONS AND WARRANTIES OF PARENT AND. MERGER SUB 24 5.1 43 Section 4.01 Organization and Qualification 24 5.2 Authority Relative 43 i Section 4.02 Capitalization 43 Section 4.03 Authorization 44 Section 4.04 Consents 44 Section 4.05 Financing 45 Section 4.06 Ownership of Shares 46 Section 4.07 No Other Transactions 46 Section 4.08 Litigation 47 Section 4.09 Brokers and Other Advisors 47 ARTICLE V CERTAIN COVENANTS AND AGREEMENTS 47 Section 5.01 Certain Actions Pending Merger 47 Section 5.02 Proxy Statement 50 Section 5.03 Company Shareholders’ Meeting 52 Section 5.04 No Solicitation; No Adverse Company Recommendation 53 Section 5.05 Reasonable Best Efforts; Regulatory Matters 57 Section 5.06 Access 59 Section 5.07 Notification of Certain Matters 60 Section 5.08 Public Announcements 60 Section 5.09 Directors’ and Officers’ Indemnification 60 Section 5.10 Certain Litigation 62 Section 5.11 Merger Sub Shareholder Approval 63 Section 5.12 Rule 16b-3 63 Section 5.13 Financing 63 Section 5.14 Cooperation as to this Agreement 24 5.3 Certain Indebtedness 67 Section 5.15 Takeover Statutes 68 Section 5.16 Stock Exchange Delisting 68 Section 5.17 Commitments of Parent 69 Section 5.18 Voting Matters 69 Section 5.19 FCC Approvals 69 ARTICLE VI CONDITIONS PRECEDENT 70 Section 6.01 Conditions to Each Party’s Obligation to Effect the Merger 70 Section 6.02 Conditions to the Obligation of the Company to Effect the Merger 70 Section 6.03 Conditions to the Obligation of Parent and Merger Sub to Effect the Merger 70 ARTICLE VII TERMINATION 71 Section 7.01 Termination 71 Section 7.02 Effect of Termination 73 Section 7.03 Termination Fee; Expenses 73 ARTICLE VIII MISCELLANEOUS 75 Section 8.01 Non-Contravention 25 5.4 Reliance 25 ARTICLE VI. COVENANTS OF ADAYTUM 26 6.1 Conduct of Business in Ordinary Course 26 6.2 Dividends, Issuance of, or Changes in Securities 27 6.3 Governing Documents 27 6.4 No Dispositions 27 6.5 Indebtedness 27 6.6 Compensation 27 6.7 Claims 27 6.8 Access to Properties and Records 27 6.9 Breach Survival of Representations and Warranties 27 6.10 Consents 28 6.11 Tax Returns 28 6.12 Preparation 75 Section 8.02 Amendment 75 Section 8.03 Waiver 75 Section 8.04 Special Committee Approval 75 Section 8.05 Applicable Law; Jurisdiction; Service 75 Section 8.06 Specific Performance 77 ii Section 8.07 Notices 78 Section 8.08 Entire Agreement 79 Section 8.09 No Other Representations or Warranties 79 Section 8.10 Assignment 80 Section 8.11 Counterparts 80 Section 8.12 No Third Party Beneficiaries 80 Section 8.13 Non-Recourse 80 Section 8.14 Severability; Enforcement 81 Section 8.15 Transfer Taxes 81 Section 8.16 Effect of Disclosure and Solicitation Materials 28 6.13 Exclusivity; Acquisition Proposals 28 6.14 Notice of Events 28 6.15 Commercially Reasonable Efforts 28 6.16 Insurance 28 ARTICLE VII. COVENANTS OF PARENT 29 7.1 Breach of Representations Designated Individuals 81 EXHIBITS Exhibit A Rollover Shareholders Exhibit B Surviving Charter Exhibit C Surviving Bylaws AGREEMENT AND PLAN OF MERGER This AGREEMENT AND PLAN OF MERGER (this “Agreement”) is made and Warranties 29 7.2 Consents 29 7.3 Commercially Reasonable Efforts 29 7.4 Officers entered into as of May 22, 2019 by and Directors 29 7.5 Notice among NASCAR Holdings, Inc., a Florida corporation (“Parent”), Nova Merger Sub, Inc., a Florida corporation and a wholly owned subsidiary of Events 29 ARTICLE VIII. ADDITIONAL AGREEMENTS 30 8.1 Legal Conditions to Parent (“Merger Sub”), and International Speedway Corporation, a Florida corporation (the Merger 30 8.2 Employee Benefits 30 8.3 Expenses 30 8.4 Additional Agreements 30 8.5 Public Announcements 30 8.6 Confidentiality 31 8.7 Xxxx-Xxxxx-Xxxxxx Filing 31 8.8 Closing Balance Sheet 31 8.9 United States Real Property Holding Corporation 31“Company”).

REPRESENTATIONS AND WARRANTIES OF PARENT AND. MERGER SUB 24 5.1 Organization and Qualification 24 5.2 31 Section 4.1 Qualification, Organization, Etc 31 Section 4.2 Capital Stock 32 Section 4.3 Corporate Authority Relative to this Agreement 24 5.3 Non-Contravention 25 5.4 Reliance 25 Agreement; No Violation 33 Section 4.4 Reports and Financial Statements 34 Section 4.5 No Undisclosed Liabilities 34 Section 4.6 Compliance 35 Section 4.7 Investigations; Litigation 35 Section 4.8 Debt Financing 35 Section 4.9 Information Supplied 36 Section 4.10 Solvency 36 Section 4.11 Material Contracts 37 Section 4.12 Finders or Brokers. 38 Section 4.13 Required Vote 38 Section 4.14 No Additional Representations 38 ARTICLE VI. V COVENANTS OF ADAYTUM 26 6.1 AND AGREEMENTS 38 Section 5.1 Conduct of Business in Ordinary Course 26 6.2 Dividends, Issuance of, or Changes in Securities 27 6.3 Governing Documents 27 6.4 No Dispositions 27 6.5 Indebtedness 27 6.6 Compensation 27 6.7 Claims 27 6.8 Access to Properties by the Company 38 Section 5.2 Conduct of Business by Parent 43 Section 5.3 Investigation 45 Section 5.4 Exclusive Dealing 45 Section 5.5 Filings; Other Actions 51 Section 5.6 Regulatory Approvals; Reasonable Best Efforts 53 Section 5.7 Takeover Statute 55 Section 5.8 Public Announcements 55 Section 5.9 Indemnification and Records 27 6.9 Breach Insurance 56 Section 5.10 Control of Representations and Warranties 27 6.10 Consents 28 6.11 Tax Returns 28 6.12 Preparation of Disclosure and Solicitation Materials 28 6.13 Exclusivity; Acquisition Proposals 28 6.14 Notice of Events 28 6.15 Commercially Reasonable Efforts 28 6.16 Insurance 28 ARTICLE VIIOperations 57 Section 5.11 Stock Exchange Listing 58 Section 5.12 Financing. COVENANTS OF PARENT 29 7.1 Breach of Representations and Warranties 29 7.2 Consents 29 7.3 Commercially Reasonable Efforts 29 7.4 Officers and Directors 29 7.5 Notice of Events 29 ARTICLE VIII. ADDITIONAL AGREEMENTS 30 8.1 Legal Conditions to the Merger 30 8.2 Employee Benefits 30 8.3 Expenses 30 8.4 58 Section 5.13 Verso Junior Noteholder Consent 64 Section 5.14 Verso Junior Notes 64 Section 5.15 Shareholder Litigation 66 Section 5.16 Additional Agreements 30 8.5 Public Announcements 30 8.6 Confidentiality 31 8.7 Xxxx-Xxxxx-Xxxxxx Filing 31 8.8 Closing Balance Sheet 31 8.9 United States Real Property Holding Corporation 3166 Section 5.17 Employee Matters 66 Section 5.18 Cooperation with Solvency Opinion 68 Section 5.19 Confirmation of Capitalization. 68 Section 5.20 Recapitalization Dividend 69 Section 5.21 Section 16 Matters 71 Section 5.22 Share Consideration Adjustment. 71