Common use of Cost for Services Clause in Contracts

Cost for Services. (a) In consideration of the Services provided by Holdings to Fantex as detailed in this Agreement, Fantex shall pay Holdings an amount equal to 5% of the gross cash received by Fantex pursuant to its brand contracts, if any, for any quarterly period (the “Service Fee”), as reported in its periodic reports pursuant to the Securities Exchange Act of 1934, as amended, for such period filed with the Securities and Exchange Commission (each, a “Periodic Report”). The parties may negotiate a change to the Service Fee in good faith from time to time to the extent that the parties believe that the Service Fee is not reasonably related to the actual cost of Services in any fiscal year. (b) Fantex shall, within 30 days after the filing of a Periodic Report for any period deliver to Holdings an invoice showing the Service Fee for the prior quarterly period covered by the Periodic Report and on or about the time of the delivery of such invoice shall pay Holdings an amount equal to the Service Fee for such period . (c) Upon request, Holdings will provide to Fantex for any period an invoice for actual costs and all disbursements made on Fantex’s behalf during such quarterly period, which shall be accompanied by reasonable documentation or explanation supporting such charges.