June 27, 2012

Via Personal Delivery

Mr. Steve Magness
2529 NW Rogue Valley Terrace
Beaverton, OR 97006

Re: Mutual Termination of Contract
Dear Steve:

As discussed, both you and NIKE have decided to terminate your NIKE Contract, entered
into on May 4, 2012. As such, this letter shall acknowledge that mutual decision to terminate the
Contract, effective immediately. In addition, this letter shall further serve as a release of all claims
and demands that either party may have against the other, and shall acknowledge that as of the
date above, neither party shall be liable for further performance of any obligations enumerated
under the Contract, except for any provisions thereof that, by the terms of the Contract, shall
survive the Contracts expiration.

We would like to thank you for your association with NIKE. Should an opportunity present

itself to work together again in the future, NIKE would welcome consideration of such opportunity,

Best regards,



S. Stephen Vass
Contracts Specialist Manager
NIKE Legal

 

AGREED AND ACCEPTED

Name: Steve Magness

cc: Maryann Brinkley, NIKE

ONE BOWERMAN DRIVE T: 503.67] 6453 F: 503.646.6926 NIKE.COM