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In Memory of
Mark Howard
1964-2008

Rent An Allison Legacy Car for the Next Race!!

The Basics:
Price Per Race/Event: $1000.00
Plus $3000 damage deposit which you get back if there is no damage to the car.

We provide a car which will pass CompCar technical inspection and meets all requirements for competing
in an Allison Legacy race PLUS support at the race. Everything is detailed in the Rental Agreement. Got More Questions? Call Michael at (919) 906-1256.

The RENTAL AGREEMENT

WHEREAS, ______________________________________________________,
hereinafter known as “Lessee” desires to lease from Michael Cooper Racing, LLC,
PO Box 415, 214 Oakwood Drive, Pittsboro, North Carolina 27312, hereinafter known
as “Lessor”, an Allison Legacy Race Car, and

WHEREAS, the parties hereto desire to establish in writing the terms and conditions
under which Lessee will lease said car.

NOW, THEREFORE, in consideration of the foregoing the parties hereto agree as follows:

1. Lessee will lease from the Lessor an Allison Legacy Race Car for the following date(s) (“Event”):

________________________________________________________________________

2. Lessee agrees to pay the sum of $1,000.00 (One Thousand Dollars) for the
Event (“Rental Fee”). The Rental Fee will be paid by Cash or Certified Check
made payable to Michael Cooper Racing, LLC at least 7 (seven) days in
advance of the Event to secure the car for the Event. Additionally, Lessee
agrees to post either Cash or Certified Check made payable to Michael
Cooper Racing, LLC for the amount of $3000.00 (Three Thousand Dollars)
as the damage deposit pursuant to Paragraph 5 below. This damage deposit
must be presented to CompCar of North Carolina, Inc. Official Kenny Allison
during the Sign-In Process at the track the morning of the Event. The Rental
Fee is a flat fee for providing the car. No portion will be returned due to the
Lessee’s inability to continue. If the car is damaged in the event and is
unable to continue, the full Rental Fee plus the cost of any damage is retained
by Michael Cooper Racing, LLC.

3. In consideration of the lease stated herein the Lessor agrees to provide an
Allison Legacy Race Car which passes CompCar of NC, Inc. technical inspection.

4. Lessee shall be responsible for all required credentials, entry fees, test day fees,
racing fuel, new race tires, protective clothing and helmet, travel expenses, food
& lodging expenses and/or any other personal expenses.

5. Lessee agrees to be responsible for the payment of any and all damage to the car,
including, but not limited to, engine and body work caused as a result of the use of said car.
Lessee agrees to be held liable for damage to the car and for damage to any trackside
property caused by the Lessee. If the car is damaged by the driving error of other
driver(s) or vehicle(s) on the course, the Lessee remains liable for all damage to the
car even if the Lessee may have no fault in the incident. All repairs shall be made by
Michael Cooper Racing, LLC at the expense of the Lessee. Parts will be charged at
cost and labor will be charged at a rate of $100 per hour. Lessee agrees that
damages will first be deducted from the damage deposit referenced in Paragraph 2.
Lessee agrees that sums due in accordance with this paragraph above the $3,000.00
damage deposit shall be paid within 10 (ten) days of the presentation of an itemized
bill. Late payments will be charged at an eighteen percent (18%) annual rate on the
unpaid balance, from the due date.

6. The undersigned shall indemnify, waive any and all claims against and hold
MICHAEL COOPER RACING, LLC (“MCR”), MICHAEL WILSON COOPER (“Michael Cooper”),
KENT WILSON COOPER (“Kent Cooper”) and/or STANLEY ROBERT SCOTT (“Bobby Scott”)
harmless from any and all claims arising from the conduct, management or the performance
of the job of renting, storing, preparing, repairing, transporting or maintaining race cars.
This agreement is applicable to race cars owned and/or operated by MCR, Michael Cooper,
Kent Cooper, Bobby Scott and/or the undersigned. This indemnity, waiver of claims and
hold harmless agreement shall apply to any and all conditions arising from any accident,
injury, or damage whatsoever caused by or to any person, or property by MCR, Michael
Cooper, Kent Cooper and/or Bobby Scott; including, but not limited to, loss or total destruction
of property or severe injury or loss of life. Further, by execution of this agreement, the
undersigned hereby remises, releases, acquits, satisfies and forever discharges MCR,
Michael Cooper, Kent Cooper, Bobby Scott and any companies affiliated with MCR,
Michael Cooper, Kent Cooper and/or Bobby Scott their respective present and former
officers, directors, shareholders and agents. This indemnity, Waiver of Claims and Hold
Harmless Agreement further discharges any and all relatives, family members,
successors, assigns and heirs of MCR, Michael Cooper, Kent Cooper and/or Bobby Scott.
The undersigned further releases MCR, Michael Cooper, Kent Cooper and/or Bobby Scott
from any and all liabilities from all, and all manners of actions, cause and causes of
action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
specialties, covenants, contracts, controversies, agreements, promises, variances,
trespasses, damages, judgments, execution, claims and demands whatsoever, in
law or in equity, which undersigned ever had, now has, or may have in the future, or of
which any personal representative, institution, successor, heir or assign of the
undersigned can, shall or may have, against MCR, Michael Cooper, Kent Cooper
and/or Bobby Scott. The aforementioned indemnification shall not be affected by a
claim that negligence either of MCR, Michael Cooper, Kent Cooper and/or Bobby
Scott or their respective agents, contractors, employees, or licensees contributed in
whole or in part to the loss or damages of the undersigned. This Indemnity, Waiver
of Claims and Hold Harmless Agreement shall apply to any matter, cause or thing
whatsoever from the beginning of time and until the end of time.

7. As a result of the purposes for which the parties hereto have entered into this agreement,
the provisions hereto are personal to Lessee and Lessor. Therefore, neither party shall assign
his interest in this agreement.

8. In the event that it becomes necessary for the Lessor to enforce any of the provisions
of this agreement, the Lessee shall be responsible for the payment of all costs
and fees, including legal fees, incurred in the prosecution of said action if the Lessor
is the successful litigant.

9. The Lessor has not made and does not make any representation, warranty, or covenant,
express or implied, with respect to the condition, quality, durability, or suitability of the car,
except that the car was in “race worthy” condition prior to the commencement of the rental
period and that the said car will pass the CompCar of NC, Inc. technical inspection prior
to the commencement of the event. The Lessor will not be liable to Lessee for any liability,
loss, or damage caused or alleged to be caused directly or indirectly by the car, by any
inadequacy thereof, or defect therein, or by any incident in connection therewith.

10. Lessee shall make no alterations to the car without the express prior consent of the
Lessor during the lease period.

11. This document contains the entire agreement between the parties and any modification
hereof shall be in writing and executed by both parties.

12. Due to the extreme stresses of racing, there is no warranty expressed or implied, on
any products or services sold or leased from Michael Cooper Racing, LLC.

13. This agreement shall be interpreted in accordance with the laws of the State of North Carolina.
Any dispute arising from the use of the car, this contract or services provided will be settled in
Chatham County, North Carolina.

14. In the event of a cancellation by the Lessee, a 7 (seven) day notice must be given to
Michael Cooper Racing, LLC. If the vehicle can be rented to another customer, the
deposit will be refunded. If not, the deposit shall be retained to cover the cost of preparing the car.

IN WITNESS WHEREOF, the parties hereunto execute this agreement this _______ day of

________________, 20_____.

Lessee: ________________________________________

Lessor: _______________________________________
Michael Wilson Cooper, Owner
Michael Cooper Racing, LLC

Lessee Contact Information:

Address: _________________________________________________

_________________________________________________

Phone Numbers: ___________________________________________

*************************************

_____________________ County, North Carolina

I, ___________________________________, Notary Public, certify that

_______________________________________ personally appeared before me this day,
acknowledging to me that he or she signed the foregoing document.

Date:__________________ (Official Seal)

Official Signature of Notary: ___________________________________

My commission expires: ___________

***************************************

Chatham County, North Carolina

I, ___________________, Notary Public, certify that Michael Wilson Cooper personally appeared
before me this day, acknowledging to me that he signed the foregoing document.

Date:__________________ (Official Seal)

Official Signature of Notary: ___________________________________

My commission expires: ___________