IHRA LICENSE TERMS AND CONDITIONS

Schedule 2

IHRA LICENSE TERMS AND CONDITIONS

These IHRA License Terms and Conditions (these “Terms”) are entered into by and between Cuttell Motorsports, LLC dba IHRA (“IHRA”) and the individual applying for, accepting, or using a competition driver’s license (the “Driver”), regarding the terms and conditions for obtaining and maintaining a competition driver’s license (“License”) issued by IHRA. By applying for, accepting, or using the License, the Driver agrees to comply with these Terms and all other IHRA Rules (defined below).

1. License Terms. a. Non-Transferable. The License is personal to the Driver to whom it is issued and is strictly non-transferrable. The License may not be assigned, sold, lent, or otherwise transferred to any other individual or entity. b. Revocation by IHRA. IHRA retains the right to revoke the License at any time in its reasonable discretion. Reasons for revocation may include, but are not limited to (i) breach of these Terms; (ii) breach of any other IHRA Rule; and (iii) any conduct by the Driver that IHRA deems to be detrimental to the integrity, reputation, or operations of IHRA or its events. c. IHRA Rules. The License and these Terms are subject and subordinate to and limited by all applicable IHRA Rules. “IHRA Rules” means (i) the rules, regulations, memoranda, resolutions, policies, procedures, guidelines, interpretations and directives of IHRA; and (ii) any other agreements and arrangements to which IHRA is (or after the date hereof may become) subject or by which IHRA or its assets are (or after the date hereof may become) bound, in each case, as they may be adopted, amended, or modified from time to time. The IHRA Rules are subject to revision by IHRA in its sole and absolute discretion at such times as may be deemed necessary by IHRA. Driver will comply with all applicable IHRA Rules and will not commit any act or omission that will conflict with the IHRA Rules.

2. Chassis Certification. a. Inspection. IHRA Rules require certain minimum specifications of chassis for vehicles used in competition (“Competition Vehicles”), and IHRA may, in its sole discretion, inspect Competition Vehicles to determine compliance with such requirements. Driver acknowledges and agrees that any such inspection (i) is undertaken for the limited purpose of allowing IHRA to determine whether the Competition Vehicle’s chassis(the “Chassis”), at the time of inspection, appears to comply with IHRA Rules governing chassis construction, as this is a requirement for the vehicle being allowed to operate at IHRA or IHRA-member track events (including, but not limited to, private test sessions); (ii) does not constitute a certification for use at any location other than an IHRA or IHRA-member track; (iii) does not constitute a warranty or guaranty of any kind, including without limitation, a warranty or guarantee that that the Competition Vehicle, including the Chassis, is free of defects, latent or otherwise, that the Competition Vehicle is fit for any particular purpose, or that the vehicle as finally constituted is or will be safe to operate; and (iv) is limited to the Chassis only, and shall not extend to any other part or function of the Competition Vehicle. b. DRIVER ACKNOWLEDGES AND AGREES THAT THEY ARE NOT RELYING UPON THE IHRA CHASSIS INSPECTION FOR A DETERMINATION OF THE SAFETY OR EFFICACY OF THE CHASSIS FOR USE. Driver further agreesto assume full responsibility for ensuring that the Chassis meets the IHRA Chassis requirements, and that there are no defects, latent or otherwise, in the Chassis prior to use.

3. Assumption of Risk. By obtaining a License and participating in drag racing or drag racing related events or activities, Driver understands and acknowledges that there are certain risks involved, including, but not limited to, concussion, serious injury, death or permanent disability, contact or collision with other persons, vehicles or objects, head injury, spine injury, injury to the muscular or skeletal systems, injury to internal organs, scratches, bruises, contusions, strains, sprains, fractures, verbal abuse, loss and/or damage to sight, loss and/or damage to teeth, loss and/or damage to hearing, paralysis, inadequate or negligent first aid or emergency measures, weather-related hazards, and natural hazards. The foregoing risks may arise from, among other things, high-speed driving, collisions, mechanical failures, track conditions, and the actions of other participants. Driver acknowledges and agrees that he or she is voluntarily participating in such activities with the knowledge of the dangers involved and agrees to assume and accept all risks of such participation.

4. Release, Waiver, Indemnification. a. In return for being allowed to obtain and maintain a License, Driver, on behalf of itself and each of the other Releasors (as defined below), hereby releases and agrees not to sue IHRA and each of its respective affiliates and employees, officers, directors, direct and indirect owners, sub-contractors, sponsors, business partners and agents, and all other participants, operators, vendors, agencies, sponsors, advertisers, and owners and lessees of premises used in connection with or related to any drag racing related event or activity (collectively, the “Releasees”) from or for, as applicable, all present and future liabilities, claims and causes of action of any kind, whether at law or in equity, that may be made by the Driver, the Driver’s family