Orange County NC Website
3.4.1. Sports Endeavors Inc. shall have the right, subject to the provisions of this Section, to <br />utilize the Facility for company events. Sports Endeavors, Inc. shall provide Orange <br />County with not less than thirty (30) days notice of any such request to utilize the Facility. <br />Such usage shall be on the dates mutually agreed upon by the parties, based on Facility <br />availability. Sports Endeavors, Inc. shall reimburse Orange County for any related fees or <br />costs typically chazged or incurred by Orange County associated with the company events <br />(i.e. set up, security, supervision, clean up, etc.). <br />3.5. Advisorv Board. <br />3.5.1. In the event an Advisory Boazd is created with regard to use of the Facility by Orange <br />County, Sports Endeavors, Inc. shall have the option, at its sole discretion, to place at <br />least one (1) member on such Advisory Board. <br />4. PAYMENTS. Sports Endeavors, Inc shall, on or before thirty (30) days following the date of this <br />Agreement, pay Orange County the amount of Thirty Thousand and No/100 Dollars ($ 30,000.00) <br />This amount shall also be paid by Sports Endeavors, Inc. during the month of July in each of the <br />following four years. In addition, Sports Endeavors shall pay Orange County up to $30,000 and <br />No/100 Dollars ($30,000) per yeaz for five years within 30 days from receipt of matching funds, as a <br />matching contribution to the amount that Orange County is able to raise with funds provided by <br />other businesses and/or donors to the Facility. <br />5. INTELLECTUAL PROPERTY <br />5.1. Sports Endeavors Inc. grants Orange County the right to use its trademazks, trade names and <br />service marks, including the Sports Endeavors, Inc. and Eurosport logos ("Sports Endeavors <br />Marks") solely in connection with the identification of the Facility and use on the Promotional <br />Media. Prior to use of the Sports Endeavors Marks in the Promotional Media or on signage, <br />Orange County shall provide Sports Endeavors Inc. with examples of proposed uses prepazed by <br />or for Orange County for review and approval. Orange County acknowledges that its use of the <br />Sports Endeavors Mazks shall inure to the sole benefit of Sports Endeavors Inc. and shall not <br />create any right, title or interest in same in favor of Orange County. Orange County agrees to <br />comply with Sports Endeavors' guidelines as may be provided to Orange County from time to <br />time concerning use of Sports Endeavors Mazks. Sports Endeavors, Inc. reserves the right to <br />prohibit the use of Sports Endeavors Marks, or to modify any materials depicting Sports <br />Endeavors Mazks, if in its sole judgment such use may be illegal, misleading or inappropriate. <br />5.2. Orange County grants Sports Endeavors, Inc. the right to use the Facility name and images for <br />marketing purposes, in any media, subject to prior and timely review by Orange County. Such <br />review is intended to help ensure accuracy and coordination of mazketing and public relations <br />efforts between Sports Endeavors, Inc. and Orange County related to the Facility. <br />5.3. Orange County grants Sports Endeavors, Inc. the right to use the Orange County seal (logo), <br />which is a registered mark with the North Cazolina Secretary of State's office, solely in <br />connection with the identification of the Facility. Sports Endeavors Inc. acknowledges that its <br />use of the Orange County seal (logo} shall inure to the sole benefit of Orange County and shall <br />not create any right, title or interest in same in favor of Sports Endeavors. Sports Endeavors, <br />Inc. agrees to comply with Orange County's guidelines as may be provided to Sports <br />Endeavors, Inc. from time to time concerning use of its seal (logo), or to modify any materials <br />depicting its seal, if in its sole judgment such use may be illegal, misleading or inappropriate. <br />5.4. Each party shall provide a single point of contact for any approvals required under the <br />Agreement ("Approval Coordinator"), as named below: <br />Page 3 of 7 <br />