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Agenda - 10-01-2024; 8-k - Soccer.com Center - Naming Rights Agreement Renewal
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Agenda - 10-01-2024; 8-k - Soccer.com Center - Naming Rights Agreement Renewal
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4 <br /> 2.4.2. Upon a material breach of any provision of this Agreement by Sports Endeavors, if such <br /> breach is not cured within thirty(30) days after Sports Endeavors receipt of written notice <br /> from Orange County. <br /> 2.5. The provisions of Sections 8, 10, 16, 17, 18, 19, and 20 shall survive expiration or termination of this <br /> Agreement. <br /> 3. SPORTS ENDEAVORS RIGHTS AND BENEFITS <br /> 3.1. Naming Rights. <br /> 3.1.1. Sports Endeavors shall have the exclusive right to retain the Facility name <br /> "SOCCER.COM" or such other Facility name containing"SOCCER.COM" as may be <br /> agreed upon between Sports Endeavors and Orange County(the "Facility Name"). <br /> 3.1.2. All references to the Facility, regardless of media, including any electronic forms of such <br /> media, made by Orange County will include SOCCER.COM. Such references shall <br /> include, but not be limited to, all marketing materials,press releases, television and radio <br /> advertisements,promotions or announcements, tickets, ticket order forms, newspapers, <br /> magazines and any other print materials, and the Facility website ("Promotional Media"). <br /> 3.1.3. Orange County agrees that no sponsorships or other forms of advertisements relating to <br /> the Facility may be offered to third parties in the soccer, lacrosse, or rugby industry without <br /> prior approval from Sports Endeavors, which approval shall not be unreasonably withheld. <br /> In addition, Orange County agrees that it will not offer sponsorships or sell advertising to <br /> persons or entities whose business reputation or ongoing business activities might reflect <br /> adversely upon the image and reputation of Sports Endeavors. <br /> 3.2. Sig_nag_e <br /> 3.2.1. Unless otherwise stated herein, Orange County will design, install and maintain signage <br /> in the Facility recognizing Sports Endeavors/SOCCER.COM as the naming sponsor of <br /> the Facility. Appropriate lighting will be provided and maintained, at a minimum, for the <br /> main entrance sign. The main entrance sign will be a two sided high density urethane <br /> fabrication measuring 72"x 36". The designation"SOCCER.COM"will be the <br /> prominent feature. The sign will also identify Orange County Department of <br /> Environment, Agriculture, Parks and Recreation and will include the Orange County <br /> Department logo and/or the Orange County logo as well as the SOCCER.COM logo. The <br /> design of artwork for this sign will be communicated to Sports Endeavors for their <br /> approval prior to construction. <br /> 3.2.2. Orange County shall continue to use its best efforts to obtain approval from the North <br /> Carolina Department of Transportation and other governmental agencies for the <br /> placement of a minimum of two (2) directional highway signs that contain the Facility <br /> Name. <br /> 3.2.3. Orange County shall use best efforts to see that permanent signage is not modified, <br /> covered, or digitally manipulated in visual images without the prior written approval of <br /> Sports Endeavors. <br /> 3.2.4. Orange County shall place an inward facing banner that prominently displays the <br /> Soccencom logo that runs the entire length of the fence around the Facility and that <br /> covers from the bottom half of the fence up to, at minimum, a height halfway up the fence <br /> (as opposed to the entire height of the fence). See Exhibit A as an example. <br /> 3.2.5. Orange County shall place a two-sided sign, to be designed and located in the mutual <br /> discretion of the parties, that prominently displays the Soccer.com logo at the main walk- <br /> in entrance of the Facility. Such sign shall be easily viewable upon entering and exiting <br /> the Facility. See Exhibit B as an example. <br /> Page 2 of 12 <br />
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