EXHIBIT B: OBLIGATIONS AND RIGHTS OF Sponsor:
1. As full consideration for Sponsorship Benefits, “SPONSOR” agrees to pay agreement amount on or before the date of the event.
1. Sponsor agrees to give Owner a royalty-free, non-exclusive license to use and display the Sponsor’s Trademarks, only for the Term of this Agreement and only for the purposes described herein; provided, however, no such use or advertising will be effected unless in compliance with Sponsor’s brand identification. All use of Sponsor’s Trademarks must be approved prior to inclusion by Owner, approval not to be unreasonably withheld or denied.
2. Sponsor agrees to abide by the Owners desire to protect the concession sales rights of the Venue(s) by agreeing not to give away food or beverage items, or other such promotional items without prior written authorization by Owner. Any giveaway or promotional items submitted for approval by the Owner must display the Sponsor logo or logo of a promotional partner.
3. Sponsor agrees to be responsible for any and all costs incurred to promote their presence at the Event(s) to include staffing, booth, signage or on-site activations not previously outlined or through any additional advertising outside of the agreed print schedule included in this agreement.
4. Sponsor agrees to be responsible for costs incurred for set-up, teardown and operation of Sponsor’s promotional space at the Event(s).
5. Sponsor agrees to abide by the submission deadlines set forth in the following Schedule and Deadlines and agrees that missed deadlines may result in the loss of certain Sponsor benefits.
6. Sponsor agrees to be responsible for the procurement and delivery of all promotional material, which Sponsor will display under the terms of this Agreement throughout the promotional period.
7. Sponsor agrees to be responsible for maintaining its promotional space at the Event(s), in an attractive manner throughout each Event.
8. Sponsor shall have the first right of consideration to renew this Agreement based upon mutually agreeable terms within thirty (30) days after the end of the Event.