2015-210-E Public Affairs - SWAN USA, Inc./Shelbourne Capital LLC d/b/a Sheraton Chapel Hill Hotel for Service Awards ceremony $11,040

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DocuSign Envelope ID:8EO53641-901 B-43AE-A5A8-E1 70697F7DCA Printed:2015-04-08 i Quote#:500-1 VEOT18 I Minimum Food&Beverage Revenue(based on committed food&beverage minimum): $9,400.00 i AV Equipment $1,290.00 Room Rental Revenue: $350.00 Total Minimum Revenue: $11,040.00 If Customer does not fulfill all of its commitments or cancels this Agreement,Customer agrees that Hotel will suffer damages that will be difficult to determine. The"Attrition"and"Cancellation"provisions below provide for liquidated damages agreed upon by e the parties as a reasonable estimate of Hotel's losses and do not constitute a penalty of any kind. gg, I'? Cancellation: If Customer cancels this Agreement, Customer will provide written notice to Hotel, accompanied (except in the case of a Force Majeure)by payment of the amounts indicated below: p C. 61-90 days prior to 25-Jun-2015: 25%of Total Minimum Revenue=$2760.00 31-60 days prior to 25-Jun-2015: 60%of Total Minimum Revenue=$6624.00 30 days or less prior to 25-Jun-2015: 80%of Total Minimum Revenue=$8832.00 C The parties agree that the amounts included in this Cancellation clause are reasonable estimates of the losses that would be incurred by Hotel and factor in Hotel's ability to mitigate its losses through resale. F Payment Options: Payment will be made as indicated below. Please check applicable option. Customer Pays Guest Pays Event Food&Beverage(including taxes, service charges, and administrative charges): Master Account: Hotel will set up a"Master Account"for Customer for payment of charges under this Agreement. Customer must review all charges billed to the Master Account to ensure accurate billing. r Payment: Unless direct billing has been established, Customer will pay the estimated amount of the Master Account as shown ' on the deposit schedule. Customer will advise Hotel of its expected method of payment of the Master Account at least 30 days ' in advance of 25-Jun-2015. If Customer will pay using a credit card honored by Hotel, a valid credit card must be provided to Hotel no later than 25-Jun-2015 and all Master Account charges will be charged to such credit card at departure. Any amounts not paid at departure will accrue interest at 1%%per month from the date of departure. Upon application and review by Hotel, Hotel may elect to extend direct billing privileges to Customer. If direct billing has been established,payment of all undisputed amounts is due within 30 days of Customer's receipt of invoice from Hotel,and if not paid within 30 days will accrue interest at 1 %per month from date of departure. Customer must notify Hotel of any disputes within 5 business days of Customer's receipt of j invoice from Hotel or disputes will be considered waived. If Hotel determines after establishing direct billing or a deposit schedule that Customer's credit status has changed negatively, Hotel may require payment of all estimated Master Account charges no later than 14 days before 25-Jun-2015. Concessions: Hotel will be providing$1000.00 sponsorship based of 300 or more guest attending this event. Estimated retail value of offered concessions=$1000.00 Use of Event and Function Space: To protect the safety and security of all Hotel guests and property, Customer will obtain Hotel's advance written approval before using items in event and function space that could create noise, noxious odors or hazardous effects(e.g.,loud music,smoke or fog machines,dry ice,confetti cannons,candles,or incense)and before engaging in any activities outside of the reserved function rooms(e.g.,registration table). Customer will obtain any required Fire Marshall or other safety approvals,and will pay any expenses incurred by Hotel as a result of such activity,such as resetting smoke or fire alarms or unusual clean up costs. Security: Hotel does not provide security in the event and function space and all personal property left in the event or function ; space is at the sole risk of the owner. Customer will advise its attendees that they are responsible for safekeeping of their personal property. Hotel may reasonably require Customer to retain security personnel in order to safeguard guests or property in Hotel. Security personnel are not authorized to carry firearms without advance Hotel approval. ii Ancillary Services: Hotel may provide, or contract with third parties to provide, ancillary services (e.g., AN, drayage, florists, exhibitors)to Customer for additional charges. Except with respect to certain services(e.g., rigging services), Customer may use its own vendors for such services provided that Customer's proposed vendors meet minimum standards established by Hotel,including insurance and indemnification requirements. With respect to audiovisual services, Customer will inform)-iotel of its decision to bring its own vendor at least 60 days prior to 25-Jun-2015, and will sign, and have its audiovisual v TO gn,an ADS (� Page 2 of 4 Customer Initials Hotel initials