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<br /> the City with proof of the advertising and copies of invoices for the advertising. Funds expended <br /> by Tanger may include placement fees, design fees, agency commissions or other fees traditionally <br /> charged by third parties to Tanger. Tanger will not pay itself or any of its officers or employees for <br /> any services it provides in connection with the advertising expenses incurred under this agreement. <br /> Subject to the maximum City contribution of $100,000, the City will reimburse Tanger 50% of all <br /> advertising costs incurred by Tanger under this agreement within 30 days from receipt of ìnvoice <br /> copies and advertising proofs. <br /> 5. Tanger shall provide City with a quartedy analysis of funds expended under this <br /> agreement, and quartedy reports on traffic, sales, sales tax and zip code analysis for the Tanger <br /> Outlet Center. These reports will be due on December 31, 1997, March 31, 1998, June 30, 1998 and <br /> September 30, 1998. <br /> 6. This Agreement may be renewed under the same terms and conditions if both parties <br /> provide their written consent to the renewal on or before September 30, 1998. <br /> 7. Neither party may assign its rights or obligations under this agreement without the written <br /> consent of the other party. All amendments to this agreement must be in writing and signed by both <br /> parties. <br /> 8. This Agreement shall be construed according to laws of the State of Texas. This <br /> agreement is performable in San Marcos, Hays County, Texas. <br /> TANGER PROPERTIES LIMITED <br /> PARTNERSHIP, a North Carolina limited <br /> partnership <br /> , uthorized Agent and Chief <br /> r and Chairman of the Board <br /> er Factory Outlet Centers, Inc. <br /> CITY OF SAN MARCOS, TEXAS <br /> By: ~.J M~ <br /> Larry. . G ey, City. ager <br /> STATE OF NORTH CAROLINA <br /> COUNTY OF !~ )(' ( 'rr:Lc/J <br /> This instrument was acknowledged before me on ß¡e."t.tGP.:.t.3 , 1997, by Stanley K. Tanger, <br />