New York City Awards Trademark License for Merchandise to GreenLight Collectibles

NYC Tourism + Conventions, Inc.

(formerly known as NYC & Company), on behalf of the New York City Department of Small Business Services ( SBS ) has awarded a Sole Source License Agreement ( License ), pursuant to Section 1-16 of the Concession Rules of the City of New York, to GreenLight Collectibles LLC whose address is 5901 Lakeside Blvd Indianapolis, IN 46278 for the non-exclusive use of city-owned trademarks on merchandise.

The License Agreement will provide for a license term beginning on Jan 1, 2025, and shall continue through December 31, 2027 (the initial term ), with an option to renew the agreement for an additional 2 year(s), from January 1, 2028, to December 31, 2029 (the renewal term ). For the initial term, GreenLight Collectibles, LLC.

will pay the City the greater of a minimum guarantee of $25,000 versus a percentage of net sales based on the following royalty rate structures: (1) For the Standard Model: seven percent (7%) of Net Sales. (2) In the event there is the Standard Model that includes an additional mark of a third party (such inclusion subject in each case to Licensor s prior written approval): four percent (4%) of Net Sales.

(3) In the event, the Licensed Product includes only the Property and no other marks: twelve percent (12%) of Net Sales.

Any other combination of the Property with a third party s mark not falling within the categories described above is expressly excluded from this License, unless otherwise agreed to in writing by Licensor; however, if such a combination is subsequently approved by Licensor in writing, it shall be subject to the twelve percent (12%) royalty rate.

The parties shall have the option to renew this License Agreement on substantially the same terms and conditions for the renewal term. Agency: Small Business Services Status: Award