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County Fair Agreement Date: October 26, 2015 Parties: 1. Turf Paradise L.L.L.P., hereinafter referred to as "Turf'. 2. Maricopa County Fair, Inc., a private, nonprofit Arizona corporation, hereinafter referred to as "Fair" Subject: Maricopa County Fair racing meetings to be conducted at Turf Paradise Race Track, hereinafter referred to as "Race Track", located at 19th Avenue and Bell Road, Phoenix, Arizona. Turf is the owner of the Race Track and regularly conducts horse racing at said track, The Fair has contracted Turf seeking to arrive at an agreement which will provide for and permit Fair to conduct a race meeting at the Race Track as prescribed by A.R.S. 5-111E. Date for the race meet is January 2nd, -rd, 9", and 10th, 2016, January 7th, 8th, 14 and 15th, 2017, January 6th, 7th, 13th, and 14th, 2018. The parties agree to the following: 1) Fair has submitted and this agreement becomes a part of an application before the Arizona Racing Commission, hereinafter referred to as "Commission", for a permit to conduct a horse racing meeting at the Race Track on January 2nd , -rd , 9th and 10th, 2015. The application is subject to Commission approval under Arizona Revised Statutes. 2) For a number of reasons, including but not limited to Fair's lack of financing, experience and personnel necessary to conduct a good and appropriate horse race meeting, Fair has requested Turf to agree, and Fair and Turf hereby do agree, that Turf, as agent for and on behalf of the Fair, shall provide the necessary financing and personnel for conducting Fair's horse racing meeting at the Race Track on the aforementioned days on the following conditions to which Turf and Fair hereby mutually agree: a) All of the expenses relating to the horse racing to be conducted during the Fair meeting on the aforementioned days, and any losses resulting therefrom of every kind and nature whatsoever, shall be borne by Turf, and Fair shall in no way be responsible for or obligated therefor. b) Except as hereinafter provided, all of the income and profit derived from the conduct of horse racing at the Fair meet, including but not limited to admissions, concessions, etc. shall be retained by and belong to Turf. c) Fair shall contribute to the purse schedule for the aforementioned days if the Fair receives purse money from the Arizona County Fairs Racing Fund. d) All profits during the fair meet, less our usual management fee, will be paid to Maricopa County Fair, Inc. The management fee is defined as all amounts in excess of 2% of all handle wagered on and off track in the State of Arizona on all live (non simulcast)races during the county fair meet less any amount which may hereafter be assessed by the state of Arizona pursuant to the provisions of A.R.S. 5-111-D. e) Turf Paradise shall provide Fair and Commission with a complete financial report on the Fair's racing meeting within 60 days after said meet. 3) Fair shall be named as additional insured on Jockey insurance and all other liability insurance during the Fair's racing meeting at the Race Track 4) Turf shall supply Commission with purse schedule, number of races to be held each day and the claiming price, if any. 5) Turf shall supply any other infoimation to the Commission relating to the Fair's application for a racing meeting at the Race Track. Signatures below indicate acceptance of this agreement as written. TP Racing LLLP October 26, 2015 Dave Johnson V Date Vice President, Assistant General Manager October 26, 2015 Date Karen Searle Print Executive Director Title From: Karen Searle Sent: Saturday, August 20, 2016 12:47 PM To: Fran McCarroll - COBX Subject: Maricopa County Fair Racing Dates Hi Fran, I hope all is well!! Looks like I need 2018 racing dates approved by the B.O.S. I have attached a copy of the current Turf Paradise contract. I also attached the last letter of approval showing the 2015, 2016, and 2017 dates. The B.O.S.'s have already approved 2017, but now I need 2018 dates approved, please. What do.you need from me? REALLY appreciate your help!!!! Karen Searle Executive Director 1