pnhii *Agreement?) is between and LLC (immina?? 33 u??np?qp" m- ??pensnr??, a Delaware limited lintiiliirj,F eompanv havng Df?ccs at are Saute W??k?i Prime Ch'33g?* 1.1mm?: Find IMG CULLEGE, a IJeIaware limited?liability eeinpanv WIth prineipal eiilees at 540 North 'l?rade Sheet, Winstonr Salem, North Carolina film. This Agreement ate MIEREAS, IMG has till: exclusive right to enter into Df?eial Corpm? 5 ?t Agreements with respect to Intereellegiate Athletics of the University of Tess (?University?). WHEREAS, Company desires to identify itself as one of University?s Uf?eial Q?fpmim - the eonsideratl?? Spensers and to receive the benefits provided in this Agreement in return fol stated in Section VII. and other good and valuable NOW, THEREFGRE, in eensideratien ef the premises, any and MG 35' eensideration and hereby aelenewledged to be adequate, Comp follows: I. Spenser Recognitien. ty?s O?ieial Corporate A. Company will be as one of Universi ing whieh Of?cial Corporate Sponsors Sponsors at all University home games or events are and (ii) on University?s website, lewhlg language (or something similar), as B. (lernliianyr may ineerperate the fol etienal marketing and advertising: ?Of?eial approved pursuant to Seetien in its media, prern Corporate Sponsor of Tesasfll Athletics". 11, Use at University Marks. The Board of Regents of The Universit)r of Texas iystere (?Beard of Regents?) ovals all rights to University?s name, logos and symbols ?Universigl Matias?). As an Official Corporate Sponsor, Company has the right to use the iniveraitjar Marks described and depieted in Exhibit A except ?Academic Mar or ?School eels?, in peint?ef-sale displays and advertising ?int premetes the sale of Company?s Lerehandise, products andfer services. No eff~ean1pus point-ef?sale displays or enter ivertising may state or imply University endorses Company?s merehmidise, products andJor rviees. All such eff-campus point-of-sale displays and other advertising must have prior ritten approval pursuant to Section Any use of University Marks by Company other than permitted in this Sectien II. and in Sections LB, and 131. be pursuant to a license issued the Collegiate or any SEMEEI identi?ed by MG andtor University'72, II . I - .-.-.. '31? . - NCAA and 1 submitted via and C??ditiurts at the rentw?a 1rd party entity With respect te Dl?JLainih?EEth' there nu ether ?ha . "use. are. ck and ?ghmh 1 the Un1veisity. net agreed ca 113 With 3113'r [h paragraph: 1h respect tt 1 - I - L.I Negtitiatien P?fl?d thi" deltichilatiu Ib~ i'rec tn enter 1an HLE I -n this as prevrde 1 ti his. . Wi ills if ?rst refusal er rights in match i .1 granted te Campany In HHS t5 (?Spensership Ameunts") Each spensursiu such as 1'13 VII. Cenu'act 'r'ear: - ensershl Amount] ue (fen tract Year 00 Effective Date te June 3'3: 2013 Jill}? 1: 233 Jung 30? 20M 53312003000 july 1, 2014 tu June 30: 201: 1 Ell] Jill}! I, 3 July 1, 2316 in June 39, Bill? tract Year will be inveiced as fear (4) equal installments Spenser agrees te remit payment cf the annual ?mds transfer tn the applicable IMG (as such acceth may be updated er The Spenseiship Aineunts due each ("Jen en July 1, Oeteher 1, January 1, and April I. I Spenser-ship Amerurts by wire er ?nancial aceeunt identi?ed by chief ?nancial e?icer changed ?um time to time by written netice). In additien, radie advertising is included fer all regular seasen game breadcasts (and any applicable pre-seasen breadeasts); any pest-seasen breadcasts are net included in the annual Spensership Ameuuts ameuet set cut in this sectien} and Spenser and MG each agree that Spenser?s applicable feetball radre advertising fer the University will be included in pest-seasen game breadeasts en a per game basis fer the feetball team?s ?rst pestseasen game each year (fer the salts ef clan?eatien, this previsien is applicable enly fer a feetball team?s ?rst pest~seasnn game in a Centract :r?ear if the team plays in twu pestseascn games; ascend pestseasun game tn he uptienal and sabject tn the parties? mutual agreement), at rates eustemarily charged by M6 fer the Univeislty pest-seasen feetball game breadcast billings (fer feur radie epets per a hreadeast, $11,600) (which ameunts shall be due within 30 days ef inveice te me seasen men?s basketball breadc ts IMG a Fur Wat" as vvill nettfy Spenser at such est. Sheuld Spenser desire te urchas th '13 $33611 bmadcasm? applicable men basketball radte ad erti seasen game breadcasts adll be included en a per game basis at a rate $320 smg? the Past? spets per game breadcast (Which amounts shall be due within 3?0 days {if vauic? gag)? fear radio Advertising and From e?enal Pellet i as and - All advertising and premetienal materials related agh??gh?g?m PW- . . it an raised but net hmrted tn, radie and or an . .. . Gr neuneed, the I. infermatien material Jamal; . - 1 ef?- Spenser and its use hda?izs - televisiun breadcasts and print Media, all :3 Wm? ?mm? We audio: services by a - helm be . WW head company? Products nr . free Pom?f'sale V. i if: - . 1; -..- I'll-'1 a 1- ?'eJ I preduets to be and