LOGO LICENSE AGREEMENT

1. Logo. "Logo" shall mean any one or more logos depicted in the attached Exhibit A, or such additional or replacement logos as NYM may provide from time to time under this Agreement.



2. Solicited use. Subject to compliance with the terms and conditions of this Agreement, NYM hereby grants to Licensee a nonexclusive right to use the Logo solely in conjunction with the following product or products, in response to requests for the product and Logo from Assemblies of God churches, districts and ministries:



3. Unsolicited use. The Licensee is not authorized to distribute products containing the Logo that have not been specifically requested by one or more Assemblies of God churches or districts, unless (1) it submits a request in writing to NYM setting forth the details of the desired use of the Logo on unsolicited products, and (2) NYM authorizes such unsolicited use in writing.



4. Royalty. The Licensee shall pay NYM a royalty fee equal to 5% of the retail price of each product that is sold containing the Logo, payable quarterly, on products intended for re-sale by the customer. The 5% fee must be clearly listed on all applicable customer invoices and reported to nym quarterly. This royalty is payable on the sale of both solicited and unsolicited sales of products containing the Logo.



5. Term. NYM shall have the right to terminate the Agreement with or without cause upon thirty (30) days prior written notice. From and after termination or expiration of this Agreement, Licensee shall cease and desist from all use of the Logo.



6. Warranty. The Licensee warrants that it will use the Logo solely as provided in this Agreement, and will not use the Logo in any manner that will diminish or otherwise damage nym’s good will in the Logo.



7. Limitations on use. The Licensee may not alter the appearance of the Logo. The Logo must stand by itself so as to avoid unintended associations with any other objects, including, without limitation, type, photographs, illustrations, borders and edges.