0001193125-08-011474 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • January 24th, 2008 • Sports Properties Acquisition Corp. • Blank checks • New York

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is entered into as of the 17th day of January 2008, by and among Sports Properties Acquisition Corp., a Delaware corporation (the “Company”), and the undersigned parties listed under Investors on the signature page hereto (each, an “Investor” and collectively, the “Investors”).

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WARRANT AGREEMENT
Warrant Agreement • January 24th, 2008 • Sports Properties Acquisition Corp. • Blank checks • New York

This Warrant Agreement made as of January 17, 2008, between Sports Properties Acquisition Corp., a Delaware corporation, with offices at 437 Madison Avenue, New York, New York 10022 (the “Company”), and Continental Stock Transfer & Trust Company, a New York corporation, with offices at 17 Battery Place, New York, New York 10004 (the “Warrant Agent”).

INVESTMENT MANAGEMENT TRUST AGREEMENT
Investment Management Trust Agreement • January 24th, 2008 • Sports Properties Acquisition Corp. • Blank checks • New York

This Agreement is made as of January 17, 2008, by and between Sports Properties Acquisition Corp. (the “Company”) whose principal office is located at 437 Madison Avenue, New York, New York 10022 and Continental Stock Transfer & Trust Company (the “Trustee”) located at 17 Battery Place, New York, New York 10004.

Sports Properties Acquisition Corp. 23,000,000 Units UNDERWRITING AGREEMENT dated January 17, 2008 Banc of America Securities LLC
Underwriting Agreement • January 24th, 2008 • Sports Properties Acquisition Corp. • Blank checks • New York
SPORTS PROPERTIES ACQUISITION CORP. ADMINISTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • January 24th, 2008 • Sports Properties Acquisition Corp. • Blank checks • New York

This Agreement is dated January 17, 2008 and is entered into between Medallion Financial Corp. (“Firm”) and Sports Properties Acquisition Corp. (“Client”). Firm and Client agree that Firm will provide to Client for and in consideration of the fees set forth herein, an exclusive license to use the offices as provided herein below and, in common with Firm’s other clients, the non-exclusive license to use Firm’s facilities and services as outlined below.

SECURITIES ESCROW AGREEMENT
Securities Escrow Agreement • January 24th, 2008 • Sports Properties Acquisition Corp. • Blank checks • New York

THIS SECURITIES ESCROW AGREEMENT, dated as of January 17, 2008 (the “Agreement”), by and among Sports Properties Acquisition Corp., a Delaware corporation (the “Company”), the undersigned parties listed under Initial Stockholders on the signature page hereto (collectively, the “Initial Stockholders”) and CONTINENTAL STOCK TRANSFER & TRUST COMPANY, a New York corporation (the “Escrow Agent”).

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