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7. If either party defaults in its obligations and does not cure such default within ten <br />(10) days of receipt of notice of such default, the non - defaulting party may immediately <br />terminate the contract. <br />IN WITNESS WHEREOF, the parties hereto have duly and validly authorized <br />and executed this contract as of this _ day of 2001. <br />ORANGE COUNTY RACEWAY, INC. <br />Micb(ael Hudson, President <br />COUNTY OF ORANGE <br />Stephen Halkiotis, Chair <br />/` <br />Coun <br />Approved as to form: <br />ttorney <br />