SECURITY AGREEMENTSecurity Agreement • July 7th, 2005 • Boundless Motor Sports Racing Inc • Blank checks • Florida
This Security Agreement, dated as of the 30th day of June, 2005, is by and between Richard F. Murphy (“Secured Party”), and Volusia Operations, LLC, a Florida limited liability company (“Debtor”). Terms used herein but not otherwise defined shall have the meanings ascribed thereto in the Purchase Agreement (as defined below).
ContractBoundless Motor Sports Racing Inc • July 7th, 2005 • Blank checks
THIS INSTRUMENT PREPARED BY AND SHOULD BE RETURNED TO: Harlan L. Paul, Esquire Paul & Elkind, P.A. 142 East New York Avenue DeLand, Florida 32724
GUARANTYGuaranty • July 7th, 2005 • Boundless Motor Sports Racing Inc • Blank checks • Florida
This Guaranty (“Guaranty”) is entered into as of June 30, 2005, by Boundless Motor Sports Racing, Inc., a Colorado corporation (“Guarantor”), for the benefit of Richard F. Murphy (“Murphy”).
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • July 7th, 2005 • Boundless Motor Sports Racing Inc • Blank checks • Florida
This Asset Purchase Agreement, dated as of June 7, 2005, is by and among Volusia Operations, LLC, a Florida limited liability company (“Purchaser”), Volusia Speedway Park, Inc., a Florida corporation (the “Company”), and Richard F. Murphy (“Shareholder”). The Company and Shareholder are sometimes each referred to herein as a “Seller” and collectively, as the “Sellers”.
