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($1,000,000) bodily injury each person, One Million Dollars ($1,000,000) <br />property damage. <br />The County shall be an additional named insured on the General Liability Insurance <br />Policy secured by the Speedway, and the Speedway shall provide appropriate <br />documentation of this status to the County. <br />7. The contract may be reviewed annually no later than January 1, and may be <br />renewed, modified, or amended at that time, or at any other time, upon the mutual <br />written agreement of the parties. <br />8. This contract may be terminated at any time by either party by giving 90 days <br />notice to the other party in writing. <br />9. If either party defaults in its obligations including remitting timely payments and <br />does not cure such default within ten (10) days of receipt of notice of such default, the <br />non-defaulting parry may immediately terminate the contract. The right of immediate <br />termination contained in this Paragraph 9 is in addition to the County's ability to <br />immediately cease providing personnel, services and equipment to the Speedway for any <br />non-payment or late payment as specified in Paragraph 1 & 2. <br />IN WITNESS WHEREOF, the parties hereto have duly and validly authorized <br />and executed this contract as of the date first above written. <br />ORANGE COUNTY SPEEDWAY RACING, LLC <br />By: <br />Vance W. Agee, Member/Manager <br />COUNTY OF ORANGE <br />