Common use of Grant of License by NEM Clause in Contracts

Grant of License by NEM. NEM hereby grants to PROMOTER a non-transferable, non- exclusive, royalty-free license to use, strictly in accordance with the terms of this Agreement, the NASCAR and Series Logo(s) marks listed on Exhibit 3 to this Agreement (collectively, the "NASCAR Marks"), as they may be amended, added, and/or deleted from time to time, in connection with the publicity, promotion and advertising of each applicable Event. This license shall terminate upon the expiration or termination of the sanction granted by this Agreement.i) Terms and Conditions of Use. PROMOTER shall display the official NASCAR logo, the Series Logos (with such Series Logo(s) use to be at NEM’s direction) and the phrase "NASCAR Cup Series Championship Event" (as applicable) (collectively, the "Official Logos") in all publicity, advertising, tickets and promotion relating to each Event, in accordance with subsection 11.u) of this Agreement. The number and specific location of such displays and the color and size of the Official Logos shall be subject to NEM’s approval, and PROMOTER shall abide by and comply with all determinations and directives of NEM with respect to such matters. NEM may disapprove and prohibit PROMOTER's actual or intended use of the NASCAR Marks in any location, media or publication if NEM determines that such use is or will be detrimental to NEM, NASCAR, to an Event, to the series of which each Event is a part, or to the sport.ii)

Grant of License by NEM. NEM hereby grants to PROMOTER a non-transferable, non- non-exclusive, royalty-free license to use, strictly in accordance with the terms of this Agreement, the NASCAR and NASCAR Sprint Cup Series Logo(s) marks listed on Exhibit 3 to this Agreement (collectively, the "“NASCAR Marks"”), as they may be amended, added, and/or deleted from time to time, in connection with the publicity, promotion and advertising of each applicable Event. This license shall terminate upon the expiration or termination of the sanction granted by this Agreement.iAgreement. i) Terms and Conditions of Use. PROMOTER shall display the official NASCAR logo, the official NASCAR Sprint Cup Series Logos (with such Series Logo(s) use to be at NEM’s direction) logo and the phrase "“NASCAR Sprint Cup Series Championship Event" (as applicable) ” (collectively, the "“Official Logos"”) in all publicity, advertising, tickets and promotion relating to each Event, in accordance with subsection 11.u) of this Agreement. The number and specific location of such displays and the color and size of the Official Logos shall be subject to NEM’s approval, and PROMOTER shall abide by and comply with all determinations and directives of NEM with respect to such matters. NEM may disapprove and prohibit PROMOTER's ’s actual or intended use of the NASCAR Marks in any location, media or publication if NEM determines that such use is or will be detrimental to NEM, NASCAR, to an Event, to the series of which each Event is a part, or to the sport.ii)sport.