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7. MX Live has requested and will sell (36) thirty -six 10'x10' booths or spaces. <br />Placement of booths or spaces assigned to MX Live will start near MX Live's stage at <br />the intersection of 4th Street and Broadway and will continue Eas ton 4th Street. MX' <br />Live's 36 booths or spaces will be located on 4"' Street between Broadway and Main <br />Street. <br />S. Velazquez Publishing and MX Live hereby agree to share all costs associated with <br />the production of the street festival indicated in item 3 as follows: Velazquez <br />.Publishing is responsible for 64% of total costs. MX Live is responsible for 36% of <br />total costs. <br />9. With the exception of City of Santa Ana services, Velazquez Publishing is billed and <br />required to pay for all services indicated in item 3 prior to the event. MX Live must <br />pay Velazquez Publishing 36% of the total costs as follows: 50% on or before August <br />11, 2010, and the remaining 50% balance on or before August 27, 2010. <br />10. If full payment is not received by Velazquez Publishing on or before <br />August 27, 2010, this contract is null and void. <br />11. Velazquez Publishing and MX Live hereby agree to share all City of Santa Ana costs <br />associated with the production of the street festival and parade as follows: Velazquez <br />Publishing is responsible for 64% of the City's costs. MX Live is responsible for <br />36% of the City's costs. The City of Santa Ana will independently execute contracts <br />with Velazquez Publishing and MX Live. The City of Santa Ana will independently <br />bill Velazquez Publishing and MX Live after the event. <br />12. Revenue generated from parade participating sponsors contracted by either Velazquez <br />Publishing or MX Live will be used to offset the City of Santa Ana parade costs. The <br />balance will be shared by Velazquez Publishing and MX Live as indicated in item 11. <br />13. Carnival revenue will be shared as follows: Velazquez Publishing will pay MX Live <br />36% of the revenue as soon as it is received from the carnival operator. <br />14. Advertising will be discretionary. MV Live is not required to share the cost of <br />Velazquez Publishing's advertising expenses. Velazquez Publishing is not required <br />to share the cost of MX Live's advertising expenses. <br />15. MX Live Entertainment has agreed to honor Velazquez Publishing's revenue from <br />past years' sponsors. In the event MX Live can generate higher revenue from <br />Velazquez Publishing's previous sponsors, MX Live will pay Velazquez Publishing <br />an amount equal to that sponsor's previous years' contribution. Velazquez <br />Publishing's past sponsors can be found in 2008 and 2009 promotional materials. <br />By: G cia <br />MX Live Entertainment <br />r` <br />By. Ser o Velazquez, . resident <br />Velazquez Publishing <br />25G -33 <br />