TAMPA BAY BUCCANEERS
May 4, 1996
Dear Xxxxxx:
The purpose of this letter is to evidence the agreement between you (the
"Licensee") and the Buccaneers Limited Partnership, a _____ are limited
partnership (the "Buccaneers") to enter into a Luxury Suite License Agreement
(the "License Agreement") on terms and conditions substantially similar to the
form agreement being executed by other licensees. The Licensee shall have the
right, pursuant to the License Agreement, to use and enjoy a private suite (a
"Luxury Suite") at the new football stadium (the "Stadium") to be constructed in
Tampa, Florida primarily for the exhibition of professional football games by
the Tampa Bay Buccaneers NFL football team.
1) Location: The proposed location of the Luxury Suite to be
licensed is as set forth on Exhibit 1 hereto (the "Suite").
2) Term: The term of the License Agreement shall commence at the
start of the first National Football League ("NFL") on for
which the Stadium is constructed and ready for the exhibition
of NFL football games, and shall continue for the number of
years set forth on Exhibit 1 hereto.
3) License Fee: The annual fee for the use and enjoyment of the
Suite by the Licensee during the term of the License Agreement
shall be as set forth on Exhibit 1 hereto (the "License Fee").
The License Fee shall be subject to adjustment as described in
the License Agreement. The Licensee shall pay the amounts set
forth on Exhibit 1 hereto as a security deposit (the "Security
Deposit"). The Security Deposit shall be paid in two (2)
separate payments consisting of an initial payment in the
amount described in Exhibit 1 attached hereto, which shall be
paid upon execution of this Agreement, and a second payment in
the amount described in Exhibit 1 attached hereto, which shall
be paid on or before July 1, 1998. The Security Deposit may be
commingled by the Buccaneers with their Independent funds, and
may be used by The Buccaneers for any purpose. The Security
Deposit shall be refunded to the Licensee upon expiration of
the License Agreement pursuant to the terms thereof. No
interest shall be paid to Licensee on the Security Deposit. In
the event the Licensee shall fail to make the second payment
of the Security Deposit or the enter into the License
Agreement, the Licensee shall forfeit all payments of the
Security Deposit which have been paid pursuant to the terms
hereof.
4) The Licensee and The Buccaneers shall enter in to the License
Agreement within thirty (30) days of the date of this
Agreement. Upon execution of the License Agreement by the
Licensee and The Buccaneers, the terms and conditions of the
License Agreement shall supersede all of the terms and
conditions of this letter.
Very truly yours,
BUCCANEERS LIMITED PARTNERSHIP,
a Delaware Limited Partnership
By: Tampa Bay Broadcasting, Inc.,
Its general partner
By: _______________________________
Name:__________________________
Title:_________________________
Attachments
ACKNOWLEDGED AND AGREED TO:
Swifty Carwash & Quik-Lube, Inc.
By:______________________________
(Signature)
Xxxxxx Xxxxxx, President
TAMPA BAY BUCCANEERS
LUXURY SUITE LICENSE AGREEMENT
EXHIBIT 1
Name, Address and Date: 5/4/98
Telephone No. of the Name: Swifty Carwash & Quik-Lube, Inc.
Licensee: Address: 00000 Xxxxxxx Xxxx
Xxxxxx, Xxxxxxx
000-000-0000
Location of Suite No.: LS-074-C
Luxury Suite: (A diagram showing where the suite will be
located is attached)
Term of License Agreement: No. of Football Seasons: 6
License Fee: Annual Fee: $30,000
(subject to increase as described in the
License Agreement)
Security Deposit: Initial Security
Deposit paid
upon execution: $15,000
Remaining Security
Deposit due July 1,
1998: $7,869.60
Total Security
Deposit: $30,000
Please review the above information and initial here if it is correct: ___RS___
Xxx Xxxxxxxxx Xxxxx * Xxxxx, Xxxxxxx 00000 * (000) 000-0000 * Fax (000) 000-0000
