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3 . Duration of Rights . The republication rights granted herein shall remain in effect for the <br /> duration of the subscription, at which time this Agreement shall automatically terminate . <br /> 4 . Acknowledgment and Restriction on Downstream Use . <br /> (a) LICENSEE acknowledges , understands and agrees that the STR Data is proprietary <br /> to STR. Prior to using local market report data in its publications , advertising or marketing efforts <br /> as authorized in Addendum 1 , LICENSEE agrees to provide STR with a copy of the proposed <br /> publication masthead, advertisement, or marketing plan in form and substance acceptable to STR. j <br /> Copies of all publications , whether they be electronic or hard copy, containing STR data must be <br /> faxed to (615 ) 338 - 3539 or emailed to info@str . com STR and LICENSEE further agree that STR <br /> has the right to amend or change the masthead, advertisement, marketing plan or other materials to <br /> the extent STR believes is reasonably necessary to comply with the terms and conditions hereof. <br /> (b) If LICENSEE republishes any STR Data in any form, STR must be clearly and <br /> conspicuously identified as the source of such data by means of the following notation : SOURCE : <br /> STR, INC . REPUBLICATION OR OTHER RE-USE OF THIS DATA WITHOUT THE <br /> EXPRESS WRITTEN PERMISSION OF STR IS STRICTLY PROHIBITED . The notation <br /> shall appear immediately below or in conjunction with any and all graphs , charts or tables derived <br /> for an breach of the foregoing rohibition b an <br /> from STR Data . LICENSEE shall be responsibleo <br /> Y g gp Y Y (, <br /> person or organization that receives STR Data from LICENSEE . <br /> 5 . Forecasts and Projections . Any and all forecasts or projections that include or are derived <br /> from STR Data shall be clearly and conspicuously identified as forecasts or projections of <br /> LICENSEE, and not STR. <br /> c <br /> 6 . Standard Terms and Conditions . The attached Standard Terms and Conditions are <br /> incorporated herein by reference . <br /> 7 . Entire Agreement , This Republication Rights Renewal Agreement represents the entire <br /> agreement of the parties hereto relating to the subject matter hereof, and supersedes and replaces <br /> any prior republication rights agreements between the Parties . <br /> IN WITNESS WHEREOF , the parties have executed this Republication Rights Renewal <br /> Agreement as of the date first written above . <br /> STR, INC . CHAPEL HILL/ORANGE COUNTY CVB <br /> i <br /> s <br /> x ) <br /> Lynsie Bennett ' <br /> y ; Wed Feb 1 2017 16 : 14 : 41 Y ' <br /> B B . 1�2saI'll . Z1016 <br /> Name : Lynsie Bennett Name : U to 1 i I <br /> Title : Director of Business Development, Title : � ,z os_ i yedes I <br /> Industry Partners & Destinations <br /> 898696 v1 _ 2 _ <br /> 089455-007 2/ 1 /2017 <br />