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DRAG BOAT RACE EVENT AGREEMENT <br />THIS AGREEMENT (the "Agreement") is made effective as of the.__ day of <br />—, 2020, (the "Effective Date"), by and between the following Parties: <br />SOUTHERN DRAG BOAT ASSOCIATION LLC, a Texas limited liability <br />company, whose mailing address is P.O. Box #28, Burnet, TX 78611 ("SDBA") <br />and the City of Paris, Lamar County Chamber of Commerce and the Paris VCC, <br />whose mailing address is 8 West Plaza, Paris, Texas 75460 ("City"); SDBA and <br />City may each be referred to herein as a "Party" and collectively as the "Parties". <br />The Parties hereby agree as follows: <br />9 wo <br />A, SDBA shall provide the services specified in Schedule A. <br />Consideration. In consideration of the Services rendered by SDBA, SDBA shall <br />r <br />Qr,R�j3ue—f+# Mia —sy. <br />exclusive property, all registration fees, vendor fees, sponsorship fees and profits <br />from the sale of SDBA T-shirts and the Event T-shirts, souverlirs and other <br />merchandise. SDBA shall have no interest in the proceeds from sales of other T- <br />shirts at the Event by third parties or the City. SDBA's right to sell T-shirts, etc., <br />at the Event is non-exclusive to SDBA unless specified otherwise in Schedule A <br />which swid terms in Schedule A shall control. <br />411bligations of City. In consideration of the Sei vices to be rendered by <br />SDBA, City agrees to perform the obligations and supply such goods a <br />services as specified in Schedule A. I <br />4. Cancellation of the Race. In the event of inclement weather or bad/rough <br />water conditions, the SDBA Director, or his designated representative, may <br />cancel the Event no later than 24 hours prior to the start of the Event. <br />5. COVID-19 Rider. The Parties acknowledge that the current COVID-19 <br />pandemic requires that the Event be conducted under altered conditions than <br />what would ordinarily prevail, including the exclusion of all spectators and the <br />absence of any food vendors. Consequently, SDBA agrees to abide by the <br />terms attached hereto as the COVID- 19 Rider, which is incorporated by <br />reference as if fully set forth herein. <br />i. Governance of the Race. SDBAis exclusively responsible for and has the <br />paramount authority for regulating it personnel and membership, including <br />drivers and their crews, team owners, and the composition of race boats. <br />MJg Pil I k 111111 � 11,11 <br />F-0111-OXV. M11 -a-7#111 =11 , ii i�! l 11 1111 714=11 a mill ww. # <br />