Common Contracts

2 similar Security Agreement contracts by Dirt Motor Sports, Inc., World Racing Group, Inc.

SECURITY AGREEMENT
Security Agreement • June 17th, 2009 • World Racing Group, Inc. • Services-racing, including track operation • New York

WHEREAS, the Grantor has issued separate senior secured promissory notes to the Secured Parties (the “Notes”) in the aggregate principal amount of up to $15,000,000 pursuant to a Note Purchase Agreement by and among the Grantor and each of the Secured Parties dated the date hereof (the “Purchase Agreement”); and

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SECURITY AGREEMENT
Security Agreement • October 2nd, 2007 • Dirt Motor Sports, Inc. • Services-racing, including track operation • New York

WHEREAS, the Grantor has issued separate senior secured promissory notes to the Secured Parties (the "Notes") in the aggregate principal amount of up to $15,000,000 pursuant to a Note Purchase Agreement by and among the Grantor and each of the Secured Parties dated the date hereof (the "Purchase Agreement"); and

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