0000950134-06-012636 Sample Contracts

STOCK OPTION EXCHANGE AGREEMENT
Stock Option Exchange Agreement • July 3rd, 2006 • Dirt Motor Sports, Inc. • Services-racing, including track operation

This Exchange Agreement (this “Agreement”) is dated as of June 30, 2006, by and among Dirt Motor Sports, Inc., a Delaware corporation, successor to Boundless Motor Sports Racing Inc., a Colorado corporation (the “Company”), and Joe Dickey, the holder of stock options to purchase shares of the Company’s Common Stock (the “Holder”).

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SEVERANCE AGREEMENT AND GENERAL RELEASE
Severance Agreement • July 3rd, 2006 • Dirt Motor Sports, Inc. • Services-racing, including track operation • Oklahoma

This Severance Agreement and General Release is entered into by the parties, DIRT Motor Sports, Inc., a Delaware corporation (“the Company”), and Joseph Dickey (“Dickey”). The parties hereby agree as follows:

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