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HomeMy WebLinkAboutStaff Report 319-07City of Palo Alto City Manager’s Report TO: FROM: DATE: SUBJECT: CITY 5~NAGER JULY 23, 2007 APPROVAL OF THE zlHONORABLE CITY COUNCIL --r DEPARTM-ENT: CITY MANAGER’S OFFICE CMR: 319:07 2008 AMGEN TOUR OF CALIFORNIA CITY PARTICIPATION AGREEMENT WITH AEG AND STANFORD UNIVERSITY IN ORDER TO HOST THE "OVERALL START" RECOMMENDATION Staff recommends that Council authorize the City Manager or his desig-nee: 1. Negotiate and execute 2008 Amgen Tour of California City Participation A~eement with AEG and Stanford University in substantially the form as Attachment A; and 2. Negotiate and execute a Memorandum of Understanding bem~een the City, Stanford University and the Local Organizing Committee regarding fundraising efforts for the Tour (Attachment B). BACKGROUND The Tour of California (Tour) is an eight day "stage" bicycling race. The race traverses some of the more beautiful locations and cities within California to provide spectators and competitors with a good sampling of the State of California. It is also designed to be a challenging event for the athletes; essentially a shorter, American version of the Tour de France. The Tour is in its third year and already claims to be the largest sporting event in the United States. AEG estimates the more than 1.6 million spectators watched the event in person last year. Extensive (14 hours) national television coverage is provided for this event on the Versus (formerly Outdoor Life Network) channel. AEG also has international broadcasting ageements in place. The Tour consists of 18 world class professional cycling teams representing over 24 countries. The number of people who travel with the race is estimated at 800 people including the riders, event staff and the media. DISCUSSION CMR:319:07 Page 1 of 4 AEG solicited the City of Palo Alto and Stanford University in May 2007 to be the "Overall Start" for the 2008 Tour of California. As a result of this solicitation, staff entered into detailed discussions with Stanford and AEG. On June 18, 2007, Mayor Yoriko Kishimoto, Council Members Bern Beecham, and John Barton submitted a Colleagues’ Memo to the full Counci! recommending that staff pursue discussions with AEG and Stanford to host the Tour. The Council authorized the Mayor and City Manager to enter into a Letter of Intent with AEG and Stanford to host the Tour subject to approval of a formal a~eement. AEG subsequently selected the City of Palo Alto and Stanford University to be the "Overall Start" for the Tour of California on February 17, 2008. This particular portion of the race begins with a prol%o-ue event. This prologue is essentially a time-trial where each athlete rides individually against the clock for the best time possible. Benefits The prologue of the Tour of California will draw an estimated 50,000 people to Palo Alto to view the event, tile equivalent of a Stanford football game. This will provide an economic benefit to the City as the spectators spend time and money in Palo Alto at various restaurants, hotels, and shops. Since it is the start of the Tour of California, the prologue event will receive approximately two hours of nationa! television coverage featuring Palo Alto and Stanford. Hosting the Tour will help to accelerate the Destination Palo Alto initiative. Course Route The prologue route is approximately 2.5 miles in len~h (Attachment C). The start area will be directly in front of City Hall on Hamilton Avenue. Riders will proceed eastbound on Hamilton Avenue and make a left mm onto Webster Street. The route will immediately turn to the west as riders turn left onto University Avenue to showcase downtown Palo Alto. The riders will continue on University Avenue and. continue straight as it rams into Palm Avenue. As riders approach Stanford University, they will ride counter-clockwise around the oval and finish at Museum Drive and Palm Avenue. At the end of the Prologue, a host stage will be placed on a parking lot at Stanford University. A lifestyle festival and other related Tour events will be conducted at the host stage. Local Organizin~ Committee Each host city is required to have a Local Organizing Committee (LOC). According to AEG, "the purpose of the LOC is to plan and execute local tour initiatives of behalf of the host venue." The LOC will take the lead in raising funds to cover all expenses associate with the Tour. Currently, the LOC is co-chaired by:. Chris Ewert, Director, Marketing Operations - Adobe Systems Inc. Frank Scioscia, Associate Director Major Gifts - Stanford Engineering CMR:319:07 Page 2 of 4 Joe Manning, Associate Professor, Stanford University Glenn Rawlinson, Account Executive Strategic Applications, SAP America Summary of Key Contract Terms and Cost Sharing Arrangement Under the proposed contract, City and Stanford University will jointly host the Tour. The hosts will be responsible for providing vaiious goods and services associated with the Tour, including police services, road closure services, EMS/EMT services, portable restrooms, and trash removal. Because the Tour will be jointly hosted by the City and Stanford and because the stage location will be at the Stanford campus, some of these costs include Stanford provided resources. In addition, the Host is expected to recruit and train volunteers to assist local police and Tour personnel. In exchange, AEG will provide various Host benefits, including Host recognition at promotional events, provision of VIP credentials, and participation in ancillary fundraising events. Further, the Agreement allows the Host to raise local revenues through parking programs, food and beverage concessions and other ancillary events associated with the Tour. Under the Agreement, the City and Stanford will be required to indemnify and hold harmless AEG and other related entities for any negligent or willful misconduct, and AEG will indemnify the City and Stanford for any negligent or willful misconduct by AEG. It is contemplated that the LOC will raise all of the necessary funds to cover local expenses under the A~eement. To the extent there is a shortfall and the local Tour revenues are not adequate to cover the costs, the City, Stanford and AEG will each bear one-third of those costs. Cost Estimate The City of Palo Alto and Stanford University are responsible to provide sig~ficant support and are responsible for a number of costs associated with the set up and the day of the Tour of California. The preliminary estimate for combined Palo Alto and Stanford costs to host this event is $195,000. This is a conservative estimate. The City and Stanford are in the process of preparing more detailed cost estimates for this event. It is expected that the overall costs will be reduced as additional event planning continues. The brunt of the costs is related to public safety/police services. As indicated above, Stanford wil! share responsibility for the total event costs. It is the understanding of all parties involvedthat the LOC will raise funds to cover the expenses incurred by the City and Stanford University. Any costs not covered by LOC fundraising efforts will be split by the City, Stanford University and AEG by one-third. Any revenue generated from the event, including but not limited to parking fees, concessions, and local sponsorships will be donated to non-profit charities. The City, Stanford, and AEG will each designate which charities will receive up to one-third of that amount. The Palo Alto Chamber of Commerce and the Palo Alto Downtown Business and Professional Association are supportive of this event, particularly as it relates to the Destination Palo Alto effort. CMR:319:07 Page 3 of 4 RESOUCE IMPACT This event will require a moderate amount of staff time related to pre-event planning. The planning effort w-ill span multiple departments. These costs will be absorbed by the City. Similarly, it is expected that Stanford University will absorb its administrative costs associated with this event. A significant amount of additional staff time will be required for set up and the actual race. The major impact will be on public safety and public works. The initial cost estimate for the City of Palo Alto and Stanford University is $195,000. It is anticipated that these costs will be offset by the LOC’s fundraising efforts. In the event that the LOC is unable to meet its fiandraising goals, AEG w~ll reimburse one-third of the City and Stanford’s costs associated with this event. POLICY IMPLICATIONS This recommendation is consistent with existing City policy. Chris Mogen~n, Assistant to the City Manager CITY MANAGER APPROVAL:~ Frank Benest, City Manager ATTACHMENTS Attachment A: Participation Agreement Attachment B: LOC Memorandum of Understanding Attachment C: Course Route CMR,~ 19.07 Page 4 of 4 Attachment A AMGEN TOUR OF CALIFORNIA CITY PARTICIPATION AGREEMENT Overall Start Prologue: City of Palo Alto This Amgen Tour of California City Participation Agreement (hereinafter referred to as the "Agreement") is entered into as of this __ day of ,2007, by and between AEG Cycling, LLC, a California limited liability company ("AEG Cycling"), on the one hand, and City of Palo Alto, a municipal corporation organized under the laws of the State of California ("City") and The Board of Trustees of the Leland Stanford Junior University, a trust with corporate powers under the laws of the State of California ("Stanford"). (City and Stanford are sometimes collectively referred to as City/Stanford and AEG Cycling, City and Stanford are sometimes hereinafter collectively referred to as the "Parties" and individually as a "Party".) RECITALS: WHEREAS, AEG Cycling owns the Amgen Tour of California, a multi-stage cycling race across the State of California (the "Tour"); WHEREAS, in connection with its ownership of the Tour, AEG Cycling has rights to certain marks, !ogos, and other distinctive indicia of the Tour; WHEREAS, AEG Cycling has contracted Medalist Sports ("Medalist") to assist with presenting, organizing and coordinating the Tour and developing its route and to utilize the Tour Marks (as hereinafter offered) in connection therewith; WHEREAS, City/Stanford wish to acquire the rights and benefits of hosting the Host Stage (as that term is defined herein) and to undertake all of the obligations related to such hosting, all under the terms and conditions of this Agreement; and WHEREAS, AEG Cycling wishes to grant such rights to the City/Stanford under the terms and conditions of this Agreement. NOW THEREFORE, in consideration of the promises and covenants contained herein and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the Parties hereby agree as follows: 1. Designation of Host and Location of Host StaRe Location. AEG Cycling licenses to City/Stanford (the "Host") the right to host the Overall Start!Prologue (the "Host Stage") for the Tour to be held in February, 2008. The 2008 Tour is scheduled to be held from February 17th through February 24th, 2008 and the Host Stage is scheduled to be held on Sunday, February 17~h, 2008. Host accepts such license and agrees to exercise such license to host the Host Stage and to undertake and perform the Host Obligations, as defined hereinafter and as set forth more specifically in Section 4 of this Agreement. The Host Stage shall be held at a location in City and at Stanford agreed to by the Parties and set forth in Exhibit E hereto (the "Host Stage Location"). 2. Term. The term of this Agreement shall begin as of the date first set forth above (the "Effective Date") and, unless earlier terminated in accordance with the terms set forth herein, shal! continue through and including March, 2008 (the "Term"). 3. HOST. Host shall be subject to the following requirements: a. General. At all times during the Term of this Agreement, City will not discriminate in any way on the basis of age, sex, race, national origin, handicap, religion or any other characteristic protected by law, in the conduct of its activities. b. Structure. Host will be led by one or more chairperson(s) who will be primarily responsible for performance of Host’s obligations under this Agreement. Such chairperson(s) shall ensure that the Host’s representatives relating to Tour include individuals with experience in the following areas and whose responsibilities could be as follows for the Host Stage in City/Stanford (Host shall have the option to have one individual handle more than one responsibility): (1) Sponsorship/Sales Director; (2) Operations Director (3) Finance Director; (4) Media & Public Relations Director; (5) Medical/EMT Coordinator; (6) Technical Director; (7) Volunteer Director; (8) VIP/Hospitality Director; (9) Schoo!/Community Outreach (10)Ancillary Events/Lifestyle Festival Liaison 4. Host Obligations. In consideration of the license granted by AEG Cycling to host the Host Stage as set forth in Section 1 and the Host Benefits as set forth in Section 5 of this Agreement and in addition to those other obligations set forth in this Agreement, Host agrees to undertake and perform the following obligations (collectively, the "Host Obligations"): a. Implementation in Accordance with Plannin~ Manual. Host shall provide assistance in accordance with the 2008 Planning Manual for the Tour to be furnished by AEG Cycling or Medalist to Host within a reasonable period of time following the execution of this Agreement. b. Publicity and Promotion. Host shall use its reasonable efforts to publicize and promote the Tour and the Host Stage through all loca! media. c. Host Obligation Specifications. Provide the following at the sole expense of Host in accordance with the operational and technical specifications set forth on Exhibit "A" (collectively, the "Host City 2008 Request for Proposal"): (1) Auxiliary_ Space and Equipment for Tour Requirements: Those types of areas, premises and equipment for the time period desig-nated on Exhibit A; (2) Police Services: Local police services to work in coordination with the California State Highway Patro! and California Department of Transportation, as well as Tour representatives and City volunteers, to provide for safe road closure, fixed- post positions, traffic and crowd control and general public safety; (3) Public Works and Road Services: Support police efforts to ensure road c!osure and course safety; (4) Permits: Host shall expeditiously process requests for all local permits for operation of the Tour in Host’s locale and presentation of the Host Stage, including but not limited to special event permits, parking permits, road closure and use permits, alcohol permits, and concession sales permits; (5) EMS/EMT Services: Emergency medical services and emergency medical technicians to serve the general public at and on the day of the Host Stage in City; (6) Portable and/or Public Restrooms: Portable (e.g., port-o-johns) or public restroom facilities on the day of the Host Stage in a number and location to be determined by Tour representatives in consultation with Host; (7) Waste Management/Trash Removal: Waste management and trash removal services following conclusion of the Host Stage in City/Stanford; and (8) Volunteers: Recruitment of that number of volunteers designated on Exhibit "A" to this letter to assist local police and Tour personnel with various functions to be designated by Tour representatives. Host will be responsible for the selection of its volunteers and AEG Cycling and Medalist will assist Host in training such volunteers. All volunteers will be expected to perform their assigned duties and services in a professional and highly competent manner, to the best and full limit of their abilities at all times and in accordance with the highest quality standards, applicable law and the rules and regulations established by Host, Medalist and AEG Cycling. All volunteers will be required to sign the standard Volunteer Waiver and Release of Liability, Assumption of Risk and Indemnity Agreement form for the Tour and City/Stanford. 3 d. Tour Course Layout and Host Sta~e Location. Host, Medalist and AEG Cycling agree on the design and layout of that portion of the City and Stanford through which the Tour course will run (as set forthin Exhibit E). Subject to all normal permitting requirements, Host shall provide access to such course without imposition of any extraordinary site fees. e. Ambush-Free Zone. Host agrees to work with AEG Cycling and Medalist to create a zone which consists of the Host Stage Location and a radius around the Host Stage Location (the ~Ambush-Free Zone") that shall be free from temporary merchandise vending, temporary advertising, and temporary signs and inflatable items. Nothing herein shall obligate Host to take any actions as it relates to permanent retail establishments in the Ambush-Free Zone. The parameters of the Ambush-Free Zone should be within a 1-block radius of the Start/Finish area. f. Ambush Marketing. Host agrees to use its commercially reasonable efforts to: (1) minimize the "ambush marketing" of Tour sponsors and local sponsors in and around City and the Host Stage Location during the Tour; (2) prevent Commercial Exploitation Rights (as hereinafter defined) identified with City from being granted by any governmental agency to any entity that is not a Tour sponsor during the period commencing two (2) weeks prior to, through Tuesday following the conclusion of the Tour; and (3) prevent other City-controlled and conflicting major sporting events from being scheduled in City during the week prior to, through the week following, the Tour, unless such major sporting events are approved in writing by AEG Cycling and under such conditions as Medalist and AEG Cycling may specify (nothing in this section is intended to prevent or restrict intercollegiate sporting events held on the Stanford campus). g. Merchandise Counterfeiting and Trademark Enforcement. Host shall cooperate with AEG Cycling in preventing unauthorized use of the Tour Marks, admissions for the Host Stage and other intellectual property and the sale or distribution of unlicensed merchandise bearing the Tour Marks or any other reference to the Tour. Such commitment shall apply and be in force during the Term of this Agreement, particularly with respect to the period beginning February 1 prior to the Tour and continuing through thirty (30) days following the Tour. Host will cooperate with AEG Cycling by permitting AEG Cycling the right to pursue (at its expense) legal enforcement measures to prevent unauthorized use of the intellectual property regarding the Tour, including but not limited to action against any seller or distributor of unlicensed merchandise. Host, in conjunction with such appropriate .governmental entities, will help to identify and communicate information to AEG Cycling regarding unauthorized use of the intellectual property of the Tour, including but not limited to sales or distribution of unlicensed merchandise. The decision to pursue civil legal action or settle claims against an unauthorized user of the intellectual property of AEG Cycling or against a seller or distributor of unlicensed merchandise will be at the sole discretion of AEG Cycling. h. Media and Marketing Plan Cooperation. Host wilt cooperate with the media and marketing plan of AEG Cycling and its contractors, Medalist and designated 4 public relations entity, including accommodating television broadcasters, sponsors, and other persons and entities to whom and to which AEG Cycling has granted and will grant rights. i. Tour Sponsor Recoanition. Host agrees that Tour sponsors shall have the right to have recognition and visibility at the Host Stage Location and that AEG Cycling shall determine placement of signage, recognition and visibility. j. Ancillary Events. Before staging any ancillary events in connection with the rights licensed by AEG Cycling as set forth in this Agreement, Host shall obtain the prior written approval of AEG Cycling and Medalist for the type, location and anticipated size of the event as well as sponsors. k. Sale of Merchandise. Host agrees that no merchandise other than that designated by AEG Cycling will be sold on-site at the Host Stage Location during the Tour without the prior written consent of AEG Cycling. 1. Reference to Name of Tour. Host shall refer to the Tour by the exact name supplied by AEG Cycling from time-to-time, including any title or presenting sponsor identification (should title or presenting sponsorship rights be granted), and shall use best efforts to include, in all agreements that Host may enter into with third parties, a requirement that all third parties utilize the exact name for the Tour supplied by AEG Cycling from time-to-time. Notwithstanding anything to the contrary herein, ifAEG Cycling changes the name or logo of the Tour after Host has created Tour related identification, Host shall not be required to recreate the Tour related identification. m. Proposed Host Contracts. Host shall use best efforts to submit to AEG Cycling for prior review and approval, such approval not to be unreasonably withheld, denied or conditioned, all material contracts that Host proposes to enter into with respect to: (1) the obligations undertaken by Host in connection with the Tour; and (2) Host’s organization of any ancillary events. All such proposed Host contracts shall be subject to the terms of Section 8 of this Agreement. n. Anti-Gouging Provisions. Host shall exercise commercially reasonable efforts to make sure that hospitality services (including lodging and restaurants) are provided at reasonable prices for visitors and tenants. o. Cycling Requirements. Host will use best efforts to respect the minimum requirements for the sport of cycling as defined by the various governing organizations over the sport of cycling and all other reasonable requirements established by AEG Cycling as set forth in the 2008 Planning Manual to be provided by AEG Cycling or Medalist to Host within a reasonable period of time following the execution of this Agreement. p. Guidelines and Amendments. All services and other activities required to be performed or provided by Host described in this Agreement will be performed or provided in compliance with all reasonable and customary guidelines, standards, policies and directives (collectively, "Guidelines") developed and issued by Medalist and AEG Cycling from time to time. Host recognizes that, while the contents of the Planning Manual issued by Medalist represents the current position of Medalist and AEG Cycling on such matters, such material may evolve as a result of technological and other changes, some of which may be beyond the control of the Parties to this Agreement. Medalist and AEG Cycling reserves the right to propose amendments to this Agreement to address such changes. Should amendments to the Agreement or Guidelines result in adverse effects on the financial or other obligations of Host, it will so inform AEG Cycling in writing and AEG Cycling will then negotiate with Host in order to address such adverse effects in a mutually satisfactory manner. q. Pro~ess Reports. Except to the extent any such dates occur after the execution of this Agreement, on November 31, December 31 and January 28, during the Term of this Agreement, Host will submit to Medalist and AEG Cycling written progress reports describing the status of its plans relating to the Host Stage and the Host Stage Location and any related events, as well as copies of committee meeting minutes. Such periodic p~,ogress reports shall include, but not be limited to, information on: (1) the local sponsorships sold by Host and the status of efforts to present local sponsorship opportunities to various prospects; and (2) other revenues that Host has generated and expects to generate to pay the costs of discharging its obligations under this Agreement. r. Promotion of Goodwill. Host agrees to conduct the activities contemplated by this Agreement and the Planning Manual in such a way as to promote the goodwill associated with the Tour, the Host Stage and the Host Stage Location, AEG Cycling, Anschutz Entertainment group, Inc. (’°AEG"), Medalist, the State of California, and the sponsors of the Tour, and will not at any time disparage the good name, reputation, or image of the Tour, the Host Stage and the Host Stage Location, AEG Cycling, AEG, Medalist, the State of California, or the sponsors of the Tour. This section shall not be interpreted to preclude any action or proceeding by Host to enforce or defend its rights under the Agreement and shall not preclude Host or its representatives from communicating information, which Host reasonably determines to be factually accurate, pertaining to the Tour, its organizers or sponsors. s. Credentials. AEG Cycling and its contractors shall be responsible for producing credentials of all types for the Tour, including the Host Stage and Host Stage Location and further including credentials for members of the media and operational personnel, which credentials shall be produced at the sole expense of AEG Cycling. AEG Cycling shall be responsible for all decisions regarding to whom media, VIP and operational credentials should be issued and shall establish all rules and regulations regarding media access to the Tour, the Host Stage and the Host Stage Location. t. Other Event Details. The Parties each understand and agree that there are operational details relating to the Host Stage that are not addressed in this Agreement (including, but not limited to, number of booths available to Host at the festival, number of VIP/Hospitality tickets available for certain Host and LOC attendees, timing for 6 logistics and setup/tear down, and food and beverage concessionaire approval). The Parties all agree to negotiate the resolution of any such open issues promptly and in good faith u. Other Services. Host will provide those other services and undertake those other obligations set forth in Exhibit "A" attached hereto and incorporated herein by this reference, as well as those that may be reasonably requested by AEG Cycling after consultation with Host. 5. Host Benefits. In consideration of the agreement by Host to undertake and perform the Host Obligations, AEG Cycling agrees to provide the following recognition and benefits to and for the benefit of Host (collectively referred to as the "Host Benefits"): a. Recoanition. Include recognition for Host in the official Tour Guide, Tour web site, and in a press conference announcing that Host has agreed to serve as the host for the Host Stage of the Tour. Host recognition shall be in conformance with the requirements set forth in Exhibit F; b. Hospitali _ty. Provide a designated number of credentials for and grant access to VIP hospitality area that AEG Cycling intends to create; c. Local Sponsorship. Provide local sponsorship opportunities for Host to utilize, as a means of fundraising, in accordance with the terms of Section 7 of this Agreement; and d. Ancillar3, Events. Establish activities ancillary to.the Host Stage within City for the promotion of the State of California and Host, subject to the prior review and approval of AEG Cycling. 6. Financial. a. Tour Revenues. Host acknowledges and agrees that AEG Cycling shall be entitled to retain all revenues attributable to the Tour, the Host Stage and the Host Stage Location, except as may be specifically set forth in Sections 6.c. and 7 of this Agreement. b. Expenses. All Host expenses incurred by City and Stanford pursuant to Section 4.c. shall be paid from fund raising efforts of the LOC. If the funds raised by the LOC, less any revenues raised pursuant to Section 6.c. are insufficient to fully fund the full costs for the Host Location AEG, City and Stanford each agree to equally bear (one- third each) of the amount by which the actual costs less revenues exceed funds raised by the LOC. City and Stanford shall each retain invoices or other documentation sufficient to establish the expenses to be borne by AEG, City and Stanford. c. Local Revenues. Host intends to cooperate with the LOC to provide certain revenue generating programs in order to offset expenses. The parties have agreed that any additional local revenue generated from the event, including but not limited to parking fees, concessions, and local sponsorships, will be donated to non-profit charities to be designated by Stanford, the City and AEG Cycling and that each designated charity will receive up to one-third (1/3) of such additional local revenue generated. (1) Parking. Host may offer parking for spectators for the Host Stage. Host may retain all revenues from such parking and shall be responsible for all parking expenses. (2) Food and Beverage Concessions. Subject to certain VIP hospitality to be offered exclusively by AEG Cycling, Host may offer food and beverage concessions at the Host Stage Location for purchase. Host may retain all revenues derived from food and beverage concessions and shall be responsible for all expenses attendant to such concessions. (3) Ancillary_ Events. Host may create, organize and present events ancillary to the Host Stage, provided AEG Cycling and Medalist has approved such events in advance in writing, and Host may retain all revenues generated thereby. Host shall be responsible for all expenses of creating, organizing and presenting such ancillary events. 7. Local Sponsorships. Host ac ~knowledges and agrees that AEG Cycling holds and retains superior rights to grant sponsorships for the Tour, including for a title and presenting sponsor as well as for sponsorships which will grant recognition for the entire Tour (collectively, the "Tour Sponsors"). Notwithstanding the foregoing, AEG Cycling grants to Host a license to solicit and secure local sponsors to support the activities of Host in connection with the Host Stage, in accordance with the following terms and conditions: a. Designation. Each local sponsor may be given the designation °’Local Stage Sponsor", to the exclusion of any other sponsorship designation. A Local Stage Sponsor may neither be referred to nor describe its involvement with the Host Stage by any other designation, including but not limited to a sponsor of the Tour or a local sponsor of the Tour. b. Sponsorship Levels. Host may create one or more sponsorship levels for Local Stage Sponsors, including a local presenting sponsor. 8 c. Local Sponsorship Benefits. Host shall be able to provide Local Stage Sponsors with those local sponsorship benefits to be provided by AEG Cycling. Specific local sponsorship benefits will be provided upon execution of this Agreement. d. Local Sponsorship Guidelines. Sale of Local Stage Sponsor rights shall be subject to the fol!owing guidelines provided by AEG Cycling. (1) Reserved Tour Sponsor Categories. Host acknowledges that AEG Cycling has retained the exclusive right to sell sponsorship rights in specific sponsorship categories to Tour Sponsors ("the Tour Sponsor Categories"). A listing of the current Tour Sponsor Categories is set forth on Exhibit "B"(which listing may be updated by AEG Cycling to add or delete sponsor categories). Pursuant to Exhibit "B", all potential local sponsors must be pre-approved by AEG Cycling’s designated Tour Managing Director. Host acknowledges that it may not sell local sponsorship fights to become a Local Stage Sponsor to any company which manufactures, markets or distributes products or services in any of the Tour Sponsor Categories, such right being reserved to AEG Cycling for Tour Sponsors. (2) AEG Cycling Approval. AEG Cycling shall have the right of prior review and prior written approval over the identity of all proposed Local Stage Sponsors as well as recognition and benefits to be provided by Host to such Local Stage Sponsors. Host acknowledges that such review and approval is necessary to avoid conflicts between Tour Sponsors and Local Stage Sponsors. (3) Sponsorship Priority. The title sponsor of the Tour as well as all other sponsors of the Tour designated by AEG Cycling shall have priority over and rights superior to that of any local sponsor. (4) Submission of Materials to AEG Cycling. Host must submit all prospective sponsor lists and packages, art work, copy and designs to AEG Cycling for approval in advance. (5) Use of Tour Marks. Host has no authority to grant a sublicense to and Local Stage Sponsors shall have no right to use the Tour Marks at any time. (6) Recognition of Tour Sponsors. Host shall facilitate that recognition of Tour Sponsors as designated by AEG Cycling and Benefits List. (7) No Other Recognition. Local Stage Sponsors shall not receive any endorsements from individual athletes participating in the Tour without the involved athlete’s prior permission, nor will local sponsors be guaranteed broadcast exposure of any t3~pe. 8. Required Clauses. Host agrees that, in each written contract that the City/Stanford enters into with regard to the Tour, the Host Stage, the ancillary events, or rights related to either the Tour, the Host Stage, or the ancillary events, Host shall use commercially reasonable efforts to incorporate the following clauses: a. Commercial Identification Prohibition. Unless otherwise agreed in writing by AEG Cycling, all parties contracting with or providing goods or services to Host in connection with the Host Stage or the Tour and!or any ancillary events related thereto must agree that neither they nor their affiliates, agents, representatives, employees, suppliers or subcontractors shall commercially exploit in any manner the nature of their transaction with goods and/or services provided to Host for the Host Stage or the Tour, including without limitation: (1) by referring to the transaction or the goods or services, Host, the Host Stage or the Tour and/or events related thereto in any sales literature, advertisements, letters, client lists, press releases, brochures or other written, audio or visual materials; and (2) by using or allowing the use of the Tour Marks or any other service mark, trademark, copyright or trade name now or which may hereafter be owned or licensed to signify the Tour in connection with any service or product: or (3) by otherwise disclosing their affiliation with Host or the Host Stage or the Tour and/or events related thereto for a commercial purpose. b. Clearances and Licenses. All parties contracting with or providing goods or services to Host in connection with the Host Stage or the Tour or events which Host hosts or associates with during the Host Stage and/or events related thereto must agree that they are responsible for providing all clearances, licenses, permissions and consents (including without limitation all music clearances, synchronization rights, union and g~lild fees and the like) as may be necessary for the presentation of all such events, to the extent permitted by AEG Cycling, in any and all media and in any and all forms, whether now ~known or hereafter developed. c. Indemnification. Every party contracting with or providing goods or services to Host in connection with the Host Stage or the Tour and/or events related thereto must agree to indemnify, defend and hold harmless AEG Cycling, AEG, Medalist, designated public relations entity,, the State of California, Union Cycliste Internationale ("UCI"), Amgen, Inc., and Tour Sponsors, and their respective parent, subsidiary, and affiliated companies and each of their respective shareholders, members, trustees, partners, officers, directors, agents, volunteers, employees, and other representatives (collectively, the "AEG Cycling Parties") from and against any claims, demands, damages, liabilities, lawsuits, losses or expenses, including without limitation, interest, penalties, reasonable attorney’s fees, and all amounts paid in the investigation, 10 defense or settlement of any or all of the foregoing ("Claim" or "Claims") resulting from, arising out of or in connection with the contracting parties’ obligations to Host or the provision of goods or services to Host. d. Compliance with Law. Every party contracting with or providing goods or services to Host in connection with the Host Stage or the Tour and/or events related thereto must agree to comply with all laws, ordinances, orders, rules and regulations (state, federal, municipal or promulgated by other agencies or bodies having or claiming jurisdiction) applicable to the performance of such party’ s obligations to Host. e. Exculpation Clause. Every party contracting with or providing goods or services to Host in connection with the Host Stage or the Tour and/or events related thereto must agree to look solely to the assets of Host for any recourse relating to Host negligence or willful misconduct and not to those of AEG Cycling or the AEG Cycling Parties (as defined in Section 8c above). f. Insurance. Every party contracting with or providing goods or services to Host in connection with the Host Stage or the Tour and/or events related thereto must agree to maintain, at no cost to AEG Cycling or the AEG Cycling Parties, appropriate insurance coverage for Claims arising out of the contracting party’s operations, personnel, products and services. All such insurance provided by each contracting party shall be (1) primary to and non-contributory with any insurance maintained by Host, AEG Cycling and the AEG Cycling Parties; (2) shall be written by insurance companies with ratings of"A" or better in the latest edition of the A.M. Best key rating guide; and (3) sha!l provide that coverage may not be materially changed, reduced or cancelled unless thirty (30) days prior written notice thereof is furnished to Host and AEG Cycling. All liability policies shall be endorsed to name Host, AEG Cycling, Medalist, Amgen, Inc., and the AEG Cycling Parties as Additional Insureds, and shall include a waiver of subrogation in favor of the Additional Insureds. Each contracting party shall be solely responsible for the costs of all deductibles under such policies and shall remain solely and fully liable for the full amount of any Claims not covered by insurance. Each contracting party shall provide Host and AEG Cycling with certificates of insurance certifying that the appropriate insurance is in place and that the policies have been properly endorsed to meet the insurance requirements as set forth above. This section shall not apply to any agreements between Host and any other law enforcement or other public agency to provide any of the services listed in Exhibit A. 9. Licenses to Use Marks. a. Tour Marks. (1) Acknowledgements Regarding Tour Marks. AEG Cycling retains the rights to sell title and presenting sponsorships in and to the Tour and, in such event, to incorporate the name and/or marks of such title and/or presenting sponsor into the Tour 11 Marks or to develop new marks and logos for the Tour, acknowledging such title and/or presenting sponsor’s relationship with and support for the Tour. Host acknowledges the foregoing and that the term "Tour Marks" as used herein may also refer to the Tour Marks as such may be expanded to include the name and/or marks of a title and/or presenting sponsor of the Tour. Upon being advised by AEG Cycling and Medalist of a change to the Tour Marks in the event of a sale of title or presenting sponsorships, Host agrees to utilize the updated Tour Marks with the name and/or marks of a title and/or presenting sponsor, all as designated by AEG Cycling. (2) License to Use Tour Marks. AEG Cycling hereby grants to Host a limited non-exclusive license to use the name, logos, trademarks, service marks, designs, product and service identification, artwork and other symbols and distinctive indicia associated with the Tour and identified in Exhibit "C" (the "Tour Marks") during the Term of this Agreement, in accordance with the terms of this Agreement and the Tour Marks Guidelines set forth in Section 9a(6) hereinbelow, solely at or in connecting with the site of the Host Stage, including the Host Stage Location. (Such Exhibit "C" to be provided within reasonable timeframe upon execution of this Agreement). The foregoing license is subject to the right of AEG Cycling to review and approve in advance all such uses of the Tour Marks. Host shall have no right to assign, license or "pass-through" rights to use the Tour Marks to any other person or entity. In exercising this license to use the Tour Marks and in each and every reference to the Tour, Host shall utilize the Tour Marks and the exact name of the Tour designated by AEG Cycling, which shall include the name of any title and/or presenting sponsor. The Parties acknowledge and agree that, upon the expiration or termination of the Term of the Agreement, Host shall cease to use the Tour Marks. (3) License Does Not Extend to Merchandise. Host shall not manufacture or sell, or license the manufacture or sale of, any promotional or other merchandise which bears the Tour Marks. (4) Acknowledgements Regarding Goodwill. Host acknowledges the great value ofgoodwil! associated with the Tour Marks. Host acknowledges that the goodwill attached to the Tour Marks belongs exclusively to AEG Cycling. Host agrees that any and all goodwill and other rights that may be acquired by the use of the Tour Marks by Host shall inure to the benefit of AEG Cycling. (5) No Disparagement b,¢ Host. Host will not, at any time, disparage, dilute or adversely affect the validity of the Tour Marks or take any action, or otherwise suffer to be done any act or thing which may at any time, in any way materially adversely affect any rights of AEG Cycling in or to the Tour Marks, or any registrations thereof or which, directly or indirectly, may materially reduce the value of the Tour Marks or detract from their reputation. This section shall not be interpreted to preclude any action or proceeding by Host to enforce or defend its rights under this Agreement and shall not 12 preclude Host or its representatives from communicating information, which Host reasonably determines to be factually accurate, pertaining to the Tour, its organizers or sponsors. (6) Tour Marks Guidelines. Any use of the Tour Marks during the Term shall be further subject to the following conditions and limitations (collectively, the "Tour Marks Guidelines"): (a) The Tour Marks shall be used in accordance with the Amgen Tour of California Graphics Standards Manual, published by AEG Cycling from time-to-time; (b) Host shall not use the Tour Marks in any manner that is misleading or that reflects unfavorably upon the reputation of the Tour, AEG Cycling, AEG, Medalist, Amgen, Inc., the State of California or any competitor in the Tour or in any manner that is contrary to applicable laws and regulations, including, without limitation, those relating to truth in advertising and fair trade practices; (c) Host shall not (i) permit any tradename or mark of a third party to appear in conjunction with Host’s materials that display any of the Tour Marks; or (ii) participate with any third party in a promotion using the Tour Marks or permit the Tour Marks to be used in a manner that could be reasonably interpreted as a promotion or endorsement of a third party’s products or services; (d) Host shall not use the Tour Marks without the appropriate trademark or copyright designation as required by AEG Cycling; (e) Host acknowledges that its selection as a partner is not based upon the results of any quality comparison between Host and any other potential host within the State of California and agrees that it shall not represent otherwise to any third party or use the expression "preferred", by AEG Cycling or AEG, or the Tour or any similar endorsement; (f) Host shall not use the license granted under this Agreement in any comparative advertising; and (g) Host shall not, after the expiration or termination of this Agreement, use any slogan or graphic device that was developed for use in conjunction 13 with the Tour Marks if such slogan or graphic device implies an ongoing association with the Tour. b. Host Marks. (1) License to Use Host Marks. Host hereby grants to AEG Cycling a limited non-exclusive license to use the name, logos, trademarks, service marks, desi~s, product and service identification, artwork and other symbols and distinctive indicia of Host and identified in Exhibit "D" attached hereto (the "Host Marks") during the Term of ¯ this Agreement in accordance with the terms of this Agreement and the Host Marks guidelines in accordance with Section 9b(2) of this Agreement, specifically to provide Host with the Host Benefits. The foregoing license is subject to the right of Host to review and approve in advance any and all uses of the Host Marks. AEG Cycling shall have no right to assign, license or "pass-through" rights to use the Host Marks to any party, except as necessary to fulfill its obligations set forth in this Ageement. The Parties acknowledge and agree that, upon the expiration or termination of the Term of the Agreement, AEG Cycling shall discontinue any use of the Host Marks and AEG Cycling may continue to use the Tour Marks. (2) Host Marks Guidelines. AEG Cycling shall utilize the Host Marks pursuant to the license granted herein in accordance with those graphics standards supplied by Host to AEG Cycling in writing from time-to-time. 10. Trademarks. a. Tour Marks. (1) The Tour Marks, specifically including but not limited to the words "Amgen Tour of California", are and shall remain the property of AEG Cycling and AEG Cycling shall take all steps reasonably necessary to protect such Tour Marks, which steps may include registrations through the United States Patent and Trademark Office ("PTO") and foreign registrations, as it deems desirable and through reasonable prosecution of infringements. (2) The rights licensed by AEG Cycling to Host with respect to use of the Tour Marks shall convey license rights only and shall convey no rights of ownership in or to the Tour Marks. (3) AEG Cycling represents and warrants that it has the right to use the Tour Marks, specifically including but not limited to the words "Amgen Tour of California", and to license the use of the Tour Marks to Host as set forth in Section 9a of this Agreement. 14 (4) AEG Cycling (as well as Amgen) shall own all right, title and interest in and to the Tour Marks. AEG Cycling shall have the right to take all steps reasonable necessary to protect the Tour Marks through PTO registrations and such foreign registrations as it deems desirable and through reasonable prosecution of infringements. AEG Cycling shall be the record owner of all such registrations for the Tour Marks. Host shall cooperate as reasonably necessary to assist AEG Cycling in obtaining such trademark protection and in prosecuting any alleged infringements of the Tour Marks. b. Host Marks. (1) The Host Marks are and shall remain the property of Host and Host shall take all steps reasonably necessary to protect such Host Marks through the PTO and foreign registrations as it deems desirable and through reasonable prosecution of infringements. (2) Host represents and warrants that it has the right to use the Host Marks and to license the use of the Host Marks to AEG Cycling for use in connection with the Tour and to provide the Host Benefits. (3) The rights granted to AEG Cycling by Host with respect to use of the Host Marks shall convey license rights only and shall convey no rights of ownership in or to the Host Marks. 11. Merchandising. The Parties acknowledge and agree that AEG Cycling shall be the sole licensor of all Tour-related merchandise bearing the Tour Marks and/or otherwise relating to the Tour in any way (the "Tour-Related Merchandise"). Host shall have the right to purchase Tour-Related Merchandise from the licensee for such Tour- Related Merchandise at amount to be agreed upon by and among AEG Cycling, Host and such licensee, but shall have no right or license to manufacture or distribute Tour-Related Merchandise or any other merchandise bearing the Tour Marks. Stanford shall be permitted to sell merchandise bearing Stanford marks at the Host location during the Host Stage at reasonably agreed upon locations which locations must be pre-approved by AEG Cycling and which approval shall not be unreasonably withheld, delayed or denied. 12. Approvals. a. Host agrees to submit to AEG Cycling for its prior written approval all proposed uses of the Tour Marks that Host wishes to make pursuant to the limited license granted to Host in this Agreement, including but not limited to submission of representative samples of all advertising, promotional and other materials to be used in 15 connection with Host’s products and services as well as any premiums that Host may wish to use containing the Tour Marks. If Host’s request is not responded to by AEG Cycling within ten (10) business days after AEG Cycling has received the material from Host, Host shall provide written notification to AEG Cycling of such fact and AEG Cycling agrees that any such proposed materials shall be deemed denied if Host’s request is not responded to within five (5) business days following receipt of such written notice. Host shall not distribute any material without the prior written approval of AEG Cycling. b. Host shall supply free of charge to AEG Cycling for administrative and archival purposes two (2) originals of all advertising, promotional or other materials in connection with the products and services to be used by Host in connection with the licenses granted under this Agreement. c. All requests for approval, including representative samples of all advertising, promotional and other materials shall be sent to AEG Cycling at the address for notices under this Agreement to the attention of the individual designated to receive notices for AEG Cycling. 13. Broadcast and Media Ri~hts~ Other Commercial Exploitation of Tour. As between Host and AEG Cycling, AEG Cycling controls all rights to distribute, promote, market and otherwise commercially exploit the Tour and the Host Stage by means of any and all audio, visual and audiovisual media of all types, including but not limited to television, radio, Internet and print, and wireless devices as well as with respect to sponsorship, licensing, hospitality, merchandising, and other marketing rights with respect to the Tour ("Commercial Exploitation Rights") and that Host will not purport to grant or license any such rights to a third party without the prior express written approval of AEG Cycling. AEG Cycling agrees to use commercially reasonable efforts to comply with Stanford’s media use, video, photography policies and practices related to how Stanford campus may be televised and otherwise presented in promotional materials, television, etc. Such policies and practices (the "Policy") are located at http:iiwww.stanford.eduidept/ucomm!policiesirequests.html. Notwithstanding the foregoing, Stanford agrees that the contact persons designated on the Policy will not have approval rights over AEG Cycling’s filming of the Host Stage, but will only act to assist AEG Cycling with the logistics of such filming. 14. Ownership and Protection of Intellectual Proper~. a. Ownership of Intellectual Property_. (1) Subject to the terms of Section 10 of this Agreement, each Party shall own all right, title and interest in and to all intellectual property created by or on behalf of such Party in connection with this Agreement, including without limitation, all logos, names, ideas, concepts, creative materials, promotional materials, advertising, 16 graphics, including all copyrights and proprietary rights therein, and any inventions and discoveries first conceived or developed, whether or not protected by patent, trade secret or copyright, subject to the ownership rights of the other Party to such other Party’s trademarks to the extent that such are incorporated into such intellectual property (such property being collectively referred to as the "Intellectual Property"). (That Intellectual Property which has been created by or on behalf of Host is referred to as the "Host Intellectual Property" and that Intellectual Property which has been created on behalf of AEG Cycling is referred to as the "AEG Cycling Intellectual Property".) (2) Notwithstanding the foregoing, the Parties acknowledge and agree that the Tour Marks and the distinctive colors, concepts, indicia and look displayed by AEG Cycling throughout the Tour and by AEG Cycling in its regular business operations and materials shall constitute AEG Cycling Intellectual Property and therefore be owned by AEG Cycling. Host expressly acknowledges that the Parties have agreed that all copyrightable aspects of the AEG Cycling Intellectual Property are to be considered "works made for hire" within the meaning of the Copyright Act of 1976, as amended (the "Act"), of which AEG Cycling is to be the "author" within the meaning of such Act. All such copyrightable works, as well as all copies of such works in whatever medium fixed or embodied, shall be owned exclusively by AEG Cycling as its creation and Host expressly disclaims any interest in any of them. Host expressly acknowledges that it is not a joint author and that the AEG Cycling Intellectual Property and all other work created by AEG Cycling hereunder are not joint works under the Act. (3) In the event (and to the extent) that any AEG Cycling Intellectual Property or any part or element thereof is found as a matter of law not to be "work made for hire" within the meaning of the Act, Host hereby conveys and assigns to AEG Cycling the sole and exclusive right, title and interest in the ownership to all such AEG Cycling Intellectual Property, and all copies of it, without further consideration, and agrees to assist AEG Cycling’s efforts to register, and from time to time to enforce, all patents, copyrights, and other rights and protections relating to the AEG Cycling Intellectual Property in any and all countries. To that end, Host agrees to execute and deliver all documents requested by AEG Cycling to evidence any assignment as well as otherwise in connection therewith. (4) Host understands that the term "moral rights" means any rights of paternity and integrity, including any right to claim authorship of a copyrightable work, to object to a modification of such copyrightable work and any similar right existing under the judicial or statutory law of any country or under any treaty, regardless of whether or not such right is referred to as a "moral right", including, without limitation, the rights of attribution and integrity in works of visual art pursuant to 17 U.S.C. § 106A. Host irrevocably waives and agrees never to assert any moral rights Host may have in the AEG Cycling Intellectual Property, even after any termination or expiration of this Agreement. 17 (5) The Parties agree to affix appropriate cop?a’ight and trademark notices as reasonably designated by the other, together with their own notices as appropriate, on the AEG Cycling Intellectual Property to identify AEG Cycling as the owner of the AEG Cycling Intellectual Property and Host as the owner of the Host Marks. b. Protection of Intellectual Propert3/, (1) Host acknowledges that it has no right, title or interest in the Tour Marks and that nothing in this Agreement shall be construed as an assignment to Host of any right, title or interest in the Tour Marks, except the license to use of the Tour Marks as provided in this Agreement. (2) Host agrees that AEG Cycling shall have the sole right to determine whether any action should be taken to terminate unauthorized use of the Tour Marks or to settle any proceeding brought by AEG Cycling to terminate such unauthorized use. All proceeds from any enforcement action shall belong exclusively to AEG Cycling. (3) AEG Cycling and Host agree to assist each other in the defense of any proceeding or claim with respect to the use of any Tour Marks by Host in accordance with the terms of this Agreement. AEG Cycling agrees to defend, at its expense, any such proceeding or claim on behalf of Host. Host shall be permitted to retain, at its expense, separate counsel in such defense. 15. Reservation of Rights. AEG Cycling reserves all rights not expressly licensed to Host under this Agreement. Any and all rights of AEG Cycling, including those in and to the Tour and the Tour Marks, not expressly granted to Host under this Agreement are reserved to AEG Cycling and may be exercised, marketed, exploited or disposed of by AEG Cycling concurrently with the Term of this Agreement in such form and manner as AEG Cycling wishes. Host acknowledges and agrees that this Agreement does not convey or grant to it any rights of ownership in or management of the Tour, AEG Cycling or the Tour Marks. 16. Representations and Warranties. a. By AEG Cycling. AEG Cycling represents and warrants that: (1) It has the full right, power and legal authority to enter into and fully perform this Agreement in accordance with its terms without violating the rights of any other person, that there are no other agreements or commitments, oral or written, that 18 will interfere with its full performance hereunder and that it will fully comply with all federal, state and local laws, rules and regulations applicable to the day-to-day conduct of its business and to its obligations and performances hereunder; (2) The Tour Marks do not infringe the trademarks or other proprietary rights of any other person or entity; (3) Any materials created under the control, direction or supervision of AEG Cycling shall be original, shall be owned by AEG Cycling and shall not infringe any third party copyright or trademark; and (4) It will comply with all applicable laws, regulations and ordinances pertaining to the promotion and conduct of the Tour. (5) It has inspected and approved the tour course layout and host stage location as specified in Exhibit E. b. By Host. Host represents and warrants that: (1) It has the full right, power and legal authority to enter into and fully perform this Agreement in accordance with its terms without violating the rights of any other person, that there are no other agreements or commitments, oral or written, that will interfere with its full performance hereunder and that it will fully comply with all federal, state and local laws, rules and regulations applicable to the day-to-day conduct of its business and to its obligations and performances hereunder; (2) Host owns or has the authority to grant to AEG Cycling a license to use the Host Marks; (3) The Host Marks do not infringe the trademarks or other proprietary rights of any other person or entity; (4) Any materials created under the control, direction or supervision of Host shall be original, shall be owned by Host and shall not infringe any third party copyright or trademark; and (5) It will exercise its best efforts to ensure that City officials, employees and other representatives and Host officers, directors, employees, volunteers, agents, representatives, and contracted parties promote and protect the goodwill of the Tour and not engage in conduct which is detrimental to the Tour, its Sponsors, AEG Cycling, Medalist and!or the AEG Cycling Parties. This section shall not be interpreted to preclude any action or proceeding by Host to enforce or defend its rights under this 19 Agreement and shall not preclude Host or its representatives from communicating information, which Host reasonably determines to be factually accurate, pertaining to the Tour, its organizers or sponsors. 17. Indemnification. a. By AEG Cvclinm AEG Cycling shall indemnify, defend and hold harmless Host, its affiliates, and their respective trustees, officers, directors, partners, shareholders, members, agents, employees, and other representatives (collectively, the "Host Indemnified Parties"), from and against any and all claims, demands, damages, liabilities, lawsuits, !osses or expenses, including without limitation, interest, penalties, reasonable attorney’s fees, and all amounts paid in the investigation, defense or settlement of the foregoing (the"Claim" or "Claims") arising out of, based on or in any other manner related to: (1) the breach of any representation, warranty, material covenant or obligation of AEG Cycling under this Agreement; (2) any negligent act, negligent omission or willful conduct by AEG Cycling; and (3) any Claim that the Tour Marks or other AEG Cycling Intellectual Property infringe upon any patent, copyright, trademark, trade secret or any other right of a third party. b. By Host. Host shall indemnify, defend and hold harmless AEG Cycling, AEG, Medalist, the State of California, UCI, Amgen, Inc., and Tour Sponsors, and their respective parent, subsidiary and affiliated companies, and each of their respective officers, directors, parmers, trustees, shareholders, members, agents, employees, volunteers and other representatives (collectively, the "AEG Cycling Indemnified Parties"), from and against any and all Claims arising out of, based on or in any other manner related to: (1) the breach of any representation, warranty, material covenant or obligation of Host under this Agreement; (2) any negligent act, omission or willful conduct by Host; (3) the products, services, and other deliverables provided by Host and its employees, volunteers, agents, representatives and contractors in carrying out its obligations under this Agreement; provided, however, that Host shall not be responsible for indemnification resulting from road conditions of State of California maintained highways and roads (4) the exercise by Host of its rights and the Host Benefits under this Agreement, including but not limited to any parking, food and beverage concessions, ancillary events or local sponsorships organized by Host; (5) advertiser’s liability or other claim arising out of or in connection with the use by Host of the Tour Marks, including but not limited to any claim based upon an allegation of sponsorship or guaranty by AEG Cycling of City; (6) a claim that the Host Marks infringe upon any patent, copyright, trademark, trade secret or any other right of a third party; and (7) the failure or alleged failure by Host to comply with all Laws relating to labor relations, fair employment practices, safety and similar rules and regulations, including without limitation, the requirement of the Occupational Safety and Health Act (OSHA) of 1970 and with all Equal Employment Opportunity (EEO) provisions as required by law, regulation or executive order. Notwithstanding the foregoing, this indemnification shall not extend to or include any claims, damages, suit or attorneys fees arising out of any claim or allegation that any of the routes, roads, trails or other parts of the Tour course were 20 negligently designed or selected. Prior approval by AEG Cycling of the use of the Tour Marks or other matters as to which AEG Cycling approval is required under this Agreement shall not affect AEG Cycling’s right to indemnification as to such usage. c. Procedure Regarding Indemnification. Each Party shall give the other Party prompt written notice of any Claim coming within the scope of any indemnity expressly set forth in this Agreement. Upon written request of any indemnitee, the indemnitor will assume defense of any such Claim, action or proceeding. The indemnitee shall cooperate with the indemnitor in the investigation, defense and!or settlement of any such Claim. The indemnification obligations in this Section 17 of this Agreement shall survive the expiration and/or termination of this Agreement. 18. Termination. a. Default. Either Party may terminate this Agreement, at its option, upon written notice to the other Party, upon the occurrence of one or more of the following events (the "Termination Events"): (1) Material breach of any covenant, agreement, representation, warranty, term or condition of this Agreement, if such breach has not been waived in writing and if such breach is not cured or remedied by the breaching Party to the other Party’s reasonable satisfaction within thirty (30) days after delivery of written notice specifying the nature of the breach, or if the Parties agree that the breach is not capable of being cured or remedied within said thirty (30) days, then within the time period mutually agreed to by the Parties in a jointly approved plan of corrective action developed within thirty (30) days after the delivery of written notice to the breaching Party specifying the nature of the breach; (2) A Party becomes insolvent, fails to pay its debts or perform its obligations in the ordinary course of its business as they become due, admits in writing its insolvency or instability to pay its debts or perform its obligations as they become due, or becomes the subject of any voluntary or involuntary proceeding in bankruptcy, liquidation, dissolution, receivership or general assignment for the benefit of creditors, provided that, if such condition is assumed involuntarily, it has not been dismissed with prejudice within sixty (60) days after its commencement; or (3) A Party is the subject of public controversy of such a magnitude that such Party’s association with the other Party pursuant to this Agreement creates a negative association for such other Party, in the reasonable judgment of such other Party, in which case the other Party may terminate this Agreement without cost or penalty. 21 b. Effect of Termination. Should either Party terminate this Agreement as a result of a Termination Event set forth in subsection a above, then upon termination of this Agreement, Host’s Host Benefits shall terminate and Host shall cease using the Tour Marks. In addition, should such termination result from termination notice given by Host to AEG Cycling from occurrence of a Termination Event of the type set forth in Sections 18.a. 1 or 18.a.2 above, AEG Cycling shall repay to Host all amounts actually expended by Host in performing its obligations hereunder; provided, however that in no event shall AEG Cycling be liable for amounts in excess of $10,000 in the aggregate for any particular Tour. Should termination result from termination notice given by AEG Cycling to Host from occurrence of a Termination Event of the type set forth in Sections 18.a. 1 or 18.a.2 above, Host shall repay to AEG Cycling all amounts expended by AEG Cycling in licensing to Host the right to host the Host Stage, to provide the Host Benefits, and to relocate the site for the Host Stage; provided, however, that in no event shall Host be liable to AEG Cycling for amounts in excess of $10,000. 19. Independent Contractors. AEG Cycling, City and Stanford are each independent contractors with respect to each other and nothing herein shall be deemed or construed to create any parmership, joint venture or agency relationship among or between them. City and Stanford are simply serving as host to the Host Stage of the Tour under the license of rights granted herein and is agreeing herein to provide certain services and to undertake certain obligations in order to acquire certain marketing rights and benefits. No Party shall have any authority to contract or bind any other Party in any manner and shall not represent itself as the agent of the other. Moreover, AEG Cycling acknowledges that while both City and Stanford are both co-hosting the Host Stage, each is a separate and independent legal entity and neither has any authority to act on or on behalf of the other. 20. Insurance. ¯a. AEG Cycling Provided Insurance. Throughout the Term of this Agreement (including any extensions thereof), AEG Cycling shall provide and maintain, at its expense, the following insurance policies which shall protect the AEG Cycling Parties on a primary basis from any and all Claims arising out of or in connection with respect to the staging of each Tour and the obligations of AEG Cycling pursuant to this Agreement: (1) Event Liability insurance (inclusive of CGL as well as auto liability) of with limits not less than $1,000,000 each occurrence and $2,000,000 in the aggregate; (2) Auto Liability & Physical Damage insurance covering Claims arising out of the use, operation or maintenance of any vehicle (whether owned, non- owned, leased, hired or borrowed) by AEG Cycling, with limits not less than $1,000,000 each accident combined single limit for bodily injury and property damage 22 (3) Workers’ Compensation insurance covering AEG Cycling’s employees with limits as required by statutory law, including Employer’s Liability coverage with limits not less than $500,000 each accident; (4) Umbrella and/or Excess Liability insurance with limits not less than $5,000,000 each occurrence shall apply in excess of and on a following form basis to the primary Commercial General Liability, Automobile Liability and Employer’s Liability policies; and (5) Any other insurance necessary and appropriate for the staging of the Tour as determined by AEG Cycling and Medalist. All such insurance to be maintained by AEG Cycling shall be (1) primary with respect to Claims arising out of the AEG Cycling’s staging of each Tour-and the obligations of AEG Cycling pursuant to this Agreement; (2) shall be written by insurance companies with ratings of"A" or better in the latest edition of the A.M. Best key rating guide; and (3) shall provide that coverage may not be materially changed, reduced or cancelled unless thirty (30) days prior written notice thereof is furnished to Host. Policies (1), (2) and (4) above shall be endorsed to name Host as Additional Insureds with respect to the negligent acts or omissions of AEG Cycling. At least 15 days prior to each Tour, AEG Cycling shall provide Host with a certificate of insurance certifying that the appropriate insurance is in place and that the policies have been properly endorsed to meet the insurance requirements as set forth above. b. AEG Cycling Optional Insurance. AEG Cycling may, but shall not be obligated to, secure Event Cancellation insurance providing reimbursement of insured losses if any Tour does not take place, in whole or in part, due to any Act of God or other event beyond the control of the AEG Cycling and those other circumstances set forth in Sections 21 and 22 of this Agreement. Covered perils may include adverse weather conditions; natural disasters; outbreak of disease; damage to or loss of venue; unavoidable transportation delays; non-appearance of key participants due to death, injury or illness; situations which pose significant danger to the public or Tour participants; and other causes beyond AEG Cycling’s control which are not specifically excluded under the policy. Notable exclusions will include war, civil commotion, riot, martial law, seizure, or radioactive/nuclear contamination; poor event planning and management; fraud, misrepresentation or concealment. All event cancellation proceeds shall constitute the property of AEG Cycling. AEG Cycling’s obligation to secure Event Cancellation insurance is limited to the extent such coverage is available at a reasonable cost in the sole discretion of AEG Cycling. c. Host Provided Insurance. Throughout the Term of this Agreement (including any extensions thereof), Host shall provide and maintain, at its expense, the following insurance policies (or in the event Host is self-insured, a program of 23 insurance), which shall protect Host, AEG Cycling, Medalist, Amgen, Inc. and the AEG Cycling Parties on a primary basis from any and all Claims arising out of or in connection with the Host’s activities, operations, representations and warranties, rights, obligations and duties of Host pursuant to this Agreement: (1) General Liability insurance or self-insurance with limits not less than $1,000,000 each occurrence and $2,000,000 in the aggregate. Such insurance shall include coverage for contractual liability, products-completed operations, personal and advertising injury, premises damage legal liability, liquor liability (if applicable), property damage and bodily injury liability (including death); (2) Auto Liability & Physical Damage insurance or self-insurance covering Claims arising out of the use, operation or maintenance of any vehicle (whether owned, non-owned, leased, hired or borrowed) by Host, with limits not less than $1,000,000 each accident combined single limit for bodily injury and property damage; (3) Workers’ Compensation insurance covering Host’s employees with limits as required by statutory law, including Employer’s Liability coverage with limits not less than $1,000,000 each accident, $1,000,000 disease-each employee and $1,000,000 disease-policy limit; (4) Umbrella and!or Excess Liability insurance with limits not less than $3,000,000 each occurrence shall apply in excess of and on a following form basis to the primary Commercial General Liability, Automobile Liability and Employer’s Liability policies; (5) Any other insurance necessary and appropriate for covering the Host’s activities, operations, representations and warranties, rights, obligations and duties pursuant to this Agreement. Any such third party insurance maintained by Host shall be (1) primary to and non- contributory with any insurance maintained by AEG Cycling and the AEG Cycling Parties; (2) shall be written by insurance companies with ratings of’°A" or better in the latest edition of the A.M. Best key rating guide; and (3) shall provide that coverage may not be materially changed, reduced or cancelled unless thirty (30) days prior written notice thereof is furnished to AEG Cycling. Policies (1), (2) and (4) above shall be endorsed to name AEG Cycling and the AEG Cycling Indemnified Parties (as defined in Section 17.b. of this Agreement) as Additional Insureds with respect to the negligent acts or omissions of Host. 24 At least 15 days prior to each Tour, Host shall provide AEG Cycling with a certificate of insurance certifying that the appropriate insurance is in place and that the policies have been properly endorsed to meet the insurance requirements as set forth above. 21. Force Maieure. In the event that the Tour does not take place or is rescheduled, in whole or in part, due to any Act of God or other event not reasonably foreseeable by the Parties or beyond the control of the Parties which is generally considered an event of force majeure ("Force Majeure"), including without limitation, weather, fire, flood, act of public enemy or terrorism, strike or labor dispute, governmental action or directive or local, regional or national day of mourning, whether such event of Force Majeure has occurred in a community through which the Tour course shall run or not, then AEG Cycling may discontinue provision of the Host Benefits to and for the benefit of Host and Host need not continue to perform those Host Obligations which remain unperformed as of the date of cancellation or postponement. AEG Cycling shall determine, using a reasonableness standard, whether the Tour is to be cancelled in whole or in part or postponed due to a Force Majeure event. Should the Tour be cancelled in whole or in part due to an event of Force Majeure, AEG Cycling shall have no further obligation, financial or otherwise, to Host in connection with the Tour and Host shall have no further obligation to AEG Cycling in connection with the Tour. In the event that the Tour is postponed in whole or in part due to an event of Force Majeure and AEG Cycling intends to reschedule the Tour, AEG Cycling and Host shall discuss in good faith the terms under which such rescheduling should occur. In the event of such cancellation or postponement due to a Force Majeure event, the obligations of AEG Cycling and the rights of Host shall be as specifically set forth in this Section 21 as the sole and exclusive remedy by virtue of such cancellation or postponement. 22. Cancellation or Postponement of Tour for Reason Other than Force Maieure. AEG Cycling shall have the sole and unfettered right to cancel or postpone the Tour or any Host Stage. In such event, Host acknowledges and agrees that AEG Cycling shall have no financial responsibility to Host as a consequence of such cancellation or postponement. However, should AEG unilaterally cancel the Host Stage for reasons other than Force Majeure or a Termination Event, AEG shall, subject to the terms of Section 18.b., repay to Host all amounts reasonably expended by Host in performing its obligations hereunder. In the event of such cancellation or postponement for a reason other than Force Majeure, the obligations of AEG Cycling and the rights of Host shall be as specifically set forth in this Section 22 as the sole and exclusive remedy by virtue of such cancellation or postponement. Upon providing notice of cancellation or postponement, AEG Cycling shall have no further obligation to provide Host with any of the Host Benefits as set forth in this Agreement. 23. Public Announcement. The Parties agree to make a joint public announcement and press release upon in the near future following execution of this Agreement. The Parties agree that the form and substance of such announcement and press release shall be mutually agreed between the Parties. 25 24. Arbitration. The Parties agree that any dispute between them arising out of, based upon, or relating to this Agreement, shall be resolved exclusively by arbitration conducted in accordance with the Commercial Rules then in effect of the American Arbitration Association. Such arbitration shall be held in the City and County of San Francisco, California. Judgment upon the award rendered shall be final and non- appealable and may be entered in a court having jurisdiction. Each Party shall bear its own expenses arising out of any such proceeding, except that the fees and costs of any arbitrator(s) shall be borne equally by the Parties. Notwithstanding the obligations set forth in this Section, the Parties shall be permitted to seek equitable relief to prevent the unauthorized uses of said Party’s marks. 25. Liability of the Parties. a. Host. Host acknowledges and agrees that it shall be responsible for each and every obligation under this Agreement and, therefore, that any liability for breach of any obligation of Host hereunder shall constitute an obligation of Host hereunder. b. AEG Cycling. AEG Cycling acknowledges and agrees that it shall be responsible for each and every obligation under this Agreement and, therefore, that any liability for breach of any obligation of AEG Cycling hereunder shall constitute an obligation of AEG Cycling hereunder 26. Specific Performance. Host agrees and acknowledges that the duties, obligations and responsibilities of AEG Cycling under this Agreement are unique, and, therefore, Host agrees and acknowledges that monetary damages may not be an adequate remedy for breach of this Agreement. Therefore, Host acknowledges and agrees that, in the event of a breach by Host, AEG Cycling may suffer irreparable harm. Therefore, upon establishing legal and sufficient proof, AEG Cycling may be entitled to the remedy of specific performance, which shall not be the exclusive remedy for any violation of breach of this Agreement. Notwithstanding anything to the contrary herein, Host shall not have the right to seek specific performance as a remedy hereunder. 27. General. a. Assi,_aunent. Host may not assign any rights or obligations under this Agreement or this Agreement itself, in whole or in part, without the prior express written consent of AEG Cycling. Notwithstanding the foregoing, AEG Cycling may retain the services of subcontractors to discharge certain obligations under this Agreement. b. Notices. Except as expressly provided to the contrary herein, any notice, consent, report, documents or other item to be given, delivered, furnished or received hereunder shall be deemed given, delivered, furnished and received when given in writing and personally delivered to and received by an officer or designated employee of the applicable Party, seventy-two (72) hours after the same is deposited in the United 26 States mail, postage prepaid, registered or certified first class mail, return receipt requested addressed as set forth below, or to such other address as either of the parties shall advise the other in writing or sent by confirmed facsimile transmission: If to Host: CITY OF PALO ALTO 250 Hamilton Avenue, 7th Floor Palo Alto, CA 94303 Attn.: _Frank Benest, City Manager The Board of Trustees of the Leland Stanford Junior University Address Stanford, CA 94305 Attention: If to AEG Cycling: 1100 S. Flower St, Suite 3200 Los Angeles, CA 90015 Arm: Shawn Hunter with a copy to: AEG Cycling, LLC 1100 S. Flower St, Suite 3200 Los Angeles, CA 90015 Arm: Shervin Mirhashemi, Esq. c. Entire A~eement; Modifications. This Agreement constitutes the entire agreement of the Parties hereto pertaining to the subject matter hereof and supersedes all prior agreements and understandings between the Parties with respect to the subject matter hereof. This Agreement may not be modified, amended or supplemented or otherwise changed, except by a written document executed by an authorized representative of each of the Parties hereto. d. No Waiver of Rights and Breaches. No failure or delay of any Party in the exercise of any right given to such Party hereunder shall constitute a waiver thereof, nor shall any single or partial exercise of any such right preclude other or further exercise thereof or of any other right. The waiver by a Party of any default of any other Party hereunder shall not be deemed to be a waiver of any such subsequent default or other default of any Party. e. Captions. Section headings used in this Agreement are for convenience of reference only and shall not affect the construction of any provision of this Agreement. 27 f. Successors and Assians. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective successors and authorized assi~s. g. Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of California and for all purposes governed by and construed in accordance with the laws of the State of California. h. Construction of A~eement. Each Party acknowledges that it has participated in the negotiation of this Agreement and that no provision of this Agreement shall be construed against or interpreted to the disadvantage of any Party hereto by any court or other governmental or judicial authority by reason of such Party having or deemed to have structured, dictated or drafted such provision. i. Intentionally Omitted. j. Survival. Those covenants, acknowledgments, representations, agreements and obligations contained in Sections 9.a.4, 9.a.5, 9.a.6.g, 13-16, 17, 18.b., 20-22, and 24- 27 of this Agreement shall survive the expiration and/or termination of this Agreement. k. Compliance with Law. Rules and Regulations. The Parties agree to comply with all federal, state and local laws, ordinances, orders, rules and regulations applicable to the performance of their respective obligations under this Agreement, both now existing and as such may hereinafter be adopted. I. Time of Essence. The Parties agree that time is of the essence in performing obligations under this Agreement. m. Exhibits. The documents attached hereto as exhibits are incorporated by reference herein and made a part of this Agreement as if fully set forth herein. n. Severability. The determination that any provision of this Agreement is invalid or unenforceable shall not invalidate this Agreement, all of such provisions being inserted conditionally upon their being considered legally valid, and this Agreement shall be construed and performed in all respects as if such invalid or unenforceable provision(s) were omitted. o. Exclusive Jurisdiction. The Parties agree that, subject to the provisions of Section 24, venue of any judicial action in connection with this Agreement shall lie exclusively in the state or federal courts located in the City and County of San Francisco, 28 California. All Parties accept, generally and unconditionally, the exclusive jurisdiction of such courts and any related appellate court and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Agreement. The Parties further agree that each irrevocably waives any objection it may now have or hereafter have as to the jurisdiction or venue of any such suit, action or proceeding brought in such court or that such court is an inconvenient forum. All Parties acknowledge that each possesses the requisite minimum contacts with the State of California sufficient to establish jurisdiction over Host in State and Federal Courts in California. p. Further Assurances. The Parties agree to execute and deliver, or cause to be executed and delivered, such instruments and documents as either Party may reasonably request or require to carry out more effectively the purpose and intent of this Agreement. q. Intentionally Omitted. r. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same agreement. s. No Third Part~ Beneficiaries. It is expressly understood that there are no third party beneficiaries to this Agreement. 29 IN WITNESS WHEREOF, the Parties hereto have caused their duly authorized representatives to execute this A~eement on their respective behalf, all as of the day and year first above written. AEG CYCLING: AEG CYCLING, LLC By: Name: Shawn Hunter Title: President, AEG Sports & Chief Marketing Officer HOST: CITY OF PALO ALTO By: Frank Behest City Manager Approved as to form: Sr. Asst. City Attorney The BOARD OF TRUSTEES OF THE LELAND STANFORD JL~IOR UNIVERSITY By: Jean McCown Title: 30 EXHIBITS A B C D E. F. Host City 2008 Request for Proposal Tour Sponsors Tour Marks Host Marks Tour Location Recognition of Host EXHIBIT A Host City 2008 Request for Proposal (see attached) A HOST CITY REQUIREMENTS - OVERALL START HOST CITY REQUIREMENTS - OVERALL START As a partner of the Amgen Tour of California, Hosts are REQUIRED to provide the following support and assume all related costs as part of their bid submission. RACE OPERATIONS POLICE SERVICES - Local (City and!or County) police services and related costs are the responsibility of the Host city. In coordination with California Highway Patrol (CHP), CalTrans, as well as the Tour’s motor and road marshals and in conjunction with the LOC volunteer pro~am, local police provide for a safe road closure, which may include fixed-post positions, traffic control, crowd control, enforcing no-parking zones and maintaining general public safety. PUBLIC WORKS AND ROAD SERVICES - Local Public Works and Road Services are the responsibility of the Host city. The city will absorb the cost for all services within the city limits. These services are necessary to support police efforts to ensure road closure and safety of the course. These services include: ¯ Detours and detour equipment (ATOC will provide 6000 feet of start!finish fencing) ¯ Barricades ¯Cones ¯Printin~posting of No Parking signs ¯Removal/restoration and street repair PERMIT SERVICES - All fees associated with city permits and permit requirements for the operation of the event are to be procured by the Host venue on behalf of the Tour. They include, but are not limited to: ¯ Parking-both on and off street ¯ Alcoholic beverages -consumption in public, if served at a start, from cups and cans, in a private VIP area ¯ Road closures and use -closure and use of roads for setup and racing (includes permits for construction of staging, tents, wiring and electrical, portable generators, power equipment, and fork lift) ¯ Special and Ancillary Events - pre-event and race day ¯ Banners and Signs -hanging and display ofpre-event, race day advertising, and sponsor banners. ¯ Concession Sales - on-site merchandise and concession stands as requested by ATOC. EMT/EMS SERVICES - It is the responsibility of the Host venue to provide EMT/EMS services for the general public the day of the Host Stage. Please note that the Tour provides medical services for the athletes, team support and staff personnel. Placement of EMT/EMS services will be decided by the Tour’s Technical Director in consultation with Host. RESIDENT/BUSINESS NOTIFICATIONS - Host cities are responsible for notifying local residents and businesses of the impact of the tour including road closures, traffic advisories etc. Notifications should be hi-lingual, including both an English and Spanish version. PORT-O-LETS - Host cities will secure port-o-let services or public restrooms during the day of the Host Stage. The number of units and placement &the units will be mutua!ly agreed upon by the Host venue and the Tour’s Technical Director. WASTE MANAGEMENT - Host cities will provide waste management!trash removal services during the event and at the conclusion. LIFESTYLE FESTIVAL - The Host venue is required to support the tour with the Lifestyle Festival by assisting with the following: ¯Allocation of a suitable area for the festival; ¯Handle all festival permits and associated fees; ¯Provide electricity and waste management; ¯Parking for vendors. AWARDS - ¯ LOC will provide 8 floral bouquets to be used in the awards ceremony. HOTELS. PARKING AND MEALS (OVERALL START VENUE) HOTEL ACCOMODATIONS LOC site visit rooms - Twent3, (20) Hotel Room Nights at the required room rate of $99 (or less), including all taxes and fees, to be used from July 1, 2007 to Feb 17, 2008 VIP/SPONSOR Hotel Rooms - Host Venue Must Secure the Requested Rooms at the required room rate of $99 (or less), including all taxes and fees. These rooms shall be paid for by AEG Cycling Host Venue Financially Responsible for: FINISH ADVANCE CREW = 143 rooms (91 singles; 52 doubles) Night before the Overall Start. MEALS PER DIEM-Excluding athletes and team support personnel, a dinner per diem of $15 (per person) should be provided for the staff of (410) people in lieu of an organized dinner meal. LUNCH MEAL - The Host should assist the tour with providing a lunch meat the day of the Overall Start stage, for approximately 35 working media. The lunch meal should be located at the designated Media Office. AUXILIARY SPACES The Host venues are responsible for providing the following auxiliary spaces. PRESS WORK ROOM (3 days -day of race and the two (2) days preceding day of race) - Requires approximately 500 to 1,000 square feet. Must have power, DSL and wireless internet access T1 Line- A minimum of a T1 Line established at the finishline near the TV compound (to be mutually determined) PARKING REQUIREMENTS TEAM PARKING (Day of race)- Requires parking for approximately 150 vehicles. VIP/SPONSOR PARKING - Requires parking located adjacent to the start/finish area for approximately 150 vehicles for VIP’s and Sponsors. FESTIVAL EVENT VENDOR PARKING-Requires parking within close proximity of the start/finish area for approximately 100 vehicles for event and festival vendors. EXHIBIT B TOUR SPONSORS Protected Cate~oories (Exclusivity) ¯Biotechnology ¯Energy Bar ¯Energy Drink ¯Financial Services ¯Health Insurance ¯Security Systems Category ¯Software ¯Web Portal The following categories will NOT be allowed for inclusion in the 2008 Amgen Tour of California: ¯Firearms ¯Gamin~Gambling ¯Pornography ¯Spirits/Hard alcohol ¯Tobacco Protected categories by AEG Sponsorship These categories are subject to change over the course of the planning process. AEG Cycling will inform all Host cities regarding any additions/deletions made based on National Sponsorship. ¯Apparel/footwear ¯Automobile ¯Cable/satellite ¯Consumer electronics ¯Credit card ¯Gas/convenience ¯Gyms ¯Home construction ¯Risk insurance ¯SodaYwater ¯Technology ¯Telecommunications ¯Wine ¯Wireless communications ¯Wireless device B-1 EXHIBIT C Tour Marks TourofCalifornia C-1 EXHIBIT D Host Marks (to be inserted) D-1 Exhibit E (Tour Route) E-1 Exhibit F (Host Recognition) F-1 Attachment B City of Palo dto Office of the City Manager July 17, 2007 Joe Manning 658 Escondido Rd. Stanford, CA 94305 Chris Ewert 345 Park Avenue San Jose, CA 95110 Frank Sciscia 2160 Mills Ave. Menlo Park, CA 94025 Glenn Rawlinson 350 Ambar Way Menlo Park, CA 94025 Re: Memorandum of Understanding Dear Messieurs Manning, Ewert, Sciscia, Rawlinson: This will confirm our high level understanding of the role of the Local Organizing Committee (LOC) in connection with the planned Tour of California event. The City of Palo Alto and Stanford University have entered into an agreement with AEG Sports in order to host the Prologue of the Tour of California (Tour) on Sunday, February 17, 2008. The Tour will help promote the sport of cycling, provide visibility to the City and Stanford, as well as generate local economic activity by attracting visitors to Palo Alto hotels, restaurants, merchants and other hospitality and visitor-related amenities. There will be a number of costs associated with hosting the Prologue, especially public safety, emergency medical, and public works staffing costs. We are fortunate that a Local Organizing Committee (LOC) is committed to Printed with soy-based in-ks on 100% recycled paper processed without chlorine RO. Box 10250 Palo Alto, CA 94303 650.329.2563 650.325.5025 fax raising funds from local sponsors to cover hosting costs. The LOC is co- chaired by Chris Ewert, Director of Marketing for Adobe Systems, Inc.; Joe Manning, Associate Professor at Stanford University; Frank Scioscia, former Event Director of San Francisco Grand Prix; and Glenn Rawlinson, Account Executive Strategic Applications SAP America. The LOC’s role is to provide fundraising for the local host costs of the Tour. The local Tour costs are described in more detail in Exhibit A to this letter. It is anticipated that the LOC will raise sufficient funds to cover all of the local Tour costs. The current rough estimate of these costs is $195,000. In addition, the LOC has agreed to secure the necessary hotel rooms required by AEG for the event. To the extent the City or Stanford receive any revenues from the event (through parking, concessions or the like), those revenues will be applied to offset the local host costs. As a further "safety net" measure, AEG has agreed to cover one-third of any local hosting costs not covered by LOC fund-raising. The City and Stanford have agreed to cover the remaining two-thirds. The formal staff contacts for the two hosts are: City of Palo Alto Chris Mogensen 250 Hamilton Avenue (650) 329-2512 Chris, moqensen@cityofpaloalto,orq Stanford University Matthew Bahls Building 170, ist Floor 650 723-6318 mbahls@stanford.edu The City of Palo Alto and Stanford University look forward to working cooperatively with members of the LOC on this exciting and rewarding Tour of California Prologue. Sincerely, Yoriko Kishimoto Mayor City of Palo Alto Jean McCown Assistant Vice President Director of Community Relations Stanford University Frank Benest City Manager 2 City of Palo Alto Agreed: Chris Ewert, Co-Chair Joe Manning, Co-Chair Frank Sciosci, Co-Chair Glenn Rawlinson, Co-Chair Attachment Attachment C