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<br /> SEP-23-98 15,54 FROM, TANGER SAN MARCOS ID, PAGE 3 <br /> pwvide the City with pn)of of the advertising and copies' of invoices for the advertising. Funds <br /> expended by Tanger may include placement fees, design fees, agency commissions or other fees <br /> traditionaJly charged by third parties to Tanger, Tanger will not pay itself or any of its officers or <br /> employees for any services it provides in connection with the advertising expenses incurred under <br /> this agreement. SUbject to the maximum City contribution of $ 100,000 the City will reimburse <br /> Tanger 50% of all advertising costs incurred by Tanger under this agreement within 30 days from <br /> receipt of invoice copies and advertising proofs, <br /> 5, Tanger shall provide City with an analysis of funds expended under this agreement, and <br /> reports on traffic. sales. sales tax and zip code analysis for the Tanger Outlet Center. These <br /> reports will be due on Febmary 15, 1999, May 15, 1999. and October 15, 1999, <br /> {). This Agreement may be renewed under the same terms and conditions ifboth parties <br /> provide their written consent to the renewal on or before September 3O. 1999. <br /> 7, Neithcr party may assign its rights or obligations under this agreement without the <br /> written consent oflhe other party. All amendments to this agreement must be in writing and <br /> signed by both pal1ies. <br /> 8. This Agreement shall he c()ßstrued according to taws of the State of Texas. This <br /> agreement is pcñorm able in San Marcos, Hays County, Texas. <br /> T ANGER PROPERTIES LIMITED <br /> PARTNERSHIP, a North Carolina limited <br /> pannership <br /> By: <br /> Stanley K. Tanger, Authorized Agent and <br /> Chief Executive Officer and Chairman of the <br /> Board of Tanger Factory Outlet Centers, <br /> Inc, <br /> CITY OF SAN MARCOS, TEXAS <br /> By: ~""'" <br /> Larry D. Gilley, City Manager <br /> STATE OF NORTH CAROLINA <br /> COUNTY OF "..."",.,-, <br />