0000020212-06-000062 Sample Contracts

CHURCHILL DOWNS INCORPORATED RESTRICTED STOCK AGREEMENT 90,000 SHARES
Restricted Stock Agreement • November 7th, 2006 • Churchill Downs Inc • Services-racing, including track operation • Kentucky

THIS RESTRICTED STOCK AGREEMENT (the “Agreement”) is made as of the 18th day of July, 2006 by and between Robert L. Evans (the “Executive”), and Churchill Downs Incorporated (the “Company”), a Kentucky corporation with its principal place of business at 700 Central Avenue, Louisville, Kentucky 40208.

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EMPLOYMENT AGREEMENT
Employment Agreement • November 7th, 2006 • Churchill Downs Inc • Services-racing, including track operation • Kentucky

EMPLOYMENT AGREEMENT (this “Agreement”), dated as of July 18, 2006 (the “Effective Date”), by and between Churchill Downs Incorporated, a Kentucky corporation (the “Company”), and Robert L. Evans (“Executive”).

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CHURCHILL DOWNS INCORPORATED STOCK OPTION AGREEMENT 130,000 OPTIONS
Stock Option Agreement • November 7th, 2006 • Churchill Downs Inc • Services-racing, including track operation • Kentucky

THIS STOCK OPTION AGREEMENT (“Agreement”) is made as of the 18th day of July, 2006, between Churchill Downs Incorporated, a Kentucky corporation, with its principal place of business at 700 Central Avenue, Louisville, Kentucky 40208 (“Company”), and Robert L. Evans (“Executive”).

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CHURCHILL DOWNS INCORPORATED RESTRICTED STOCK UNITS AGREEMENT 65,000 UNITS
Restricted Stock Units Agreement • November 7th, 2006 • Churchill Downs Inc • Services-racing, including track operation • Kentucky

THIS RESTRICTED STOCK UNITS AGREEMENT (the “Agreement”) is made as of the 18th day of July, 2006 by and between Robert L. Evans (the “Executive”), and Churchill Downs Incorporated (the “Company”), a Kentucky corporation with its principal place of business at 700 Central Avenue, Louisville, Kentucky 40208.

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