Sponsorship Statement

Sponsorship Statement

Parties

Sponsor Name:

Individual Corporation Limited Liability Company (LLC) Other:

Recipient / Organizer Name:

Individual Corporation Limited Liability Company (LLC) Other:

Recitals

WHEREAS, Sponsor is willing to provide financial or in-kind support to promote the event or program identified below on the terms and conditions set forth in this Sponsorship Statement;

WHEREAS, Recipient organizes, manages, or conducts the Event/Program and will provide benefits, acknowledgments, and other sponsorship deliverables to Sponsor in accordance with this Statement;

WHEREAS, the Parties wish to memorialize their respective obligations as to the Event/Program, payment, confidentiality and related terms.

Event / Program Details

Scope of Work

Describe the sponsorship services, deliverables, branding, activation and timelines to be provided by Sponsor and Recipient. Include milestones, responsibilities and acceptance criteria.

Sponsor Benefits

Specify the marketing, association, ticketing, hospitality or on-site benefits Sponsor will receive in exchange for the sponsorship contribution.

Payment Terms

Sponsorship Amount:

First Installment Due Date:

Late Payment: If any payment is not received by Recipient within days after the due date, a late fee equal to % of the overdue amount or the maximum permitted by applicable law, whichever is less, shall apply. Interest accrues thereafter at the lesser of the legal rate or % per month.

Taxes and Withholding: Each Party is responsible for any taxes imposed on its own income; any taxes required to be withheld by law will be deducted in accordance with applicable law and promptly remitted.

Term and Termination

Term Commencement Date: . Term End Date: .

Either Party may terminate this Sponsorship Statement for material breach by the other Party upon days' prior written notice specifying the nature of the breach and allowing the breaching Party an opportunity to cure. Termination does not relieve Sponsor of payment obligations accrued prior to termination nor Recipient's obligation to deliver benefits already paid for, except as expressly set forth herein.

Confidentiality

Each Party (the "Receiving Party") shall keep confidential and not disclose to any third party any non-public information of the other Party (the "Disclosing Party") that is identified as confidential or that, by its nature, should reasonably be understood to be confidential. Confidential information does not include information that is or becomes publicly available through no fault of the Receiving Party, is already known to the Receiving Party at the time of disclosure, is independently developed by the Receiving Party, or is required to be disclosed by law or court order (provided the Receiving Party gives prompt notice to the Disclosing Party and cooperates in any lawful effort to limit disclosure).

The Receiving Party shall use the same degree of care to protect Confidential Information as it uses to protect its own confidential information, but in no event less than reasonable care. The obligations of confidentiality survive termination of this Statement for a period of years, except for trade secrets which shall be protected for as long as they remain trade secrets.

Representations; Indemnity

Each Party represents and warrants that it has the authority to enter into this Statement and to perform its obligations. Sponsor shall indemnify, defend and hold harmless Recipient and its officers, directors and employees from and against any third-party claims arising out of Sponsor's materials, branding or marketing content, except to the extent caused by Recipient's gross negligence or willful misconduct. Recipient shall indemnify Sponsor for claims arising from Recipient's failure to perform its obligations or from Recipient-controlled activities at the Event.

Governing Law; Dispute Resolution

This Sponsorship Statement shall be governed by and construed in accordance with the laws of the State of without regard to its conflicts of laws principles. The Parties shall attempt to resolve disputes in good faith by negotiation. If the Parties cannot resolve a dispute within 30 days, either Party may pursue remedies in a court of competent jurisdiction in the designated state.

Entire Agreement

This Sponsorship Statement, together with any exhibits or attachments expressly incorporated herein, constitutes the entire agreement between the Parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, understandings and communications, whether written or oral. Any amendment or waiver must be in writing and signed by authorized representatives of both Parties.

Miscellaneous

No Party may assign this Statement without the prior written consent of the other Party, except that either Party may assign to an affiliate or successor in connection with a merger or sale of substantially all of its assets. The invalidity or unenforceability of any provision shall not affect the remaining provisions, which shall remain in full force and effect.

Acknowledgment

By signing below, each Party warrants that the person signing on its behalf has the authority to bind that Party to the terms of this Sponsorship Statement and acknowledges receipt of a fully executed copy.

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