Advertising AgreementASSIGNMENT
This Assignment is made and entered into July / , 2009, between FCH/HHC HOTELS,
L.L.C., ("FCH/HHC") and ANDREA INVESTMENTS, LLC ("Andrea") with the consent of the
CITY OF SALINA, KANSAS, d/b/a the Salina Bicentennial Center ("City").
Recitals
A. FCH/HHC, as the assignee of HHC Hotels, LLC, and the City are parties to a
certain Advertising Agreement dated May 10, 2007, for on -premises advertising at the Salina
Bicentennial Center (the "Advertising Agreement").
B. Andrea has recently purchased from FCH/HHC the property previously known as
the Salina Holiday Inn for the purpose of operating the property as a Ramada Inn.
C. Andrea desires to take an assignment of the Advertising Agreement and to modify
the on -premises advertising at the Salina Bicentennial Center for the purpose of advertising the
Ramada Inn.
The parties agree and covenant:
1. Assignment. FCH/HHC assigns to Andrea and Andrea accepts all rights and
obligations under the Advertising Agreement.
2. Modification of Signage. Attachment A to the Advertising Agreement outlines
the applicable advertising specifications. The cost of modifying the advertising to reflect the
name change has been estimated at $2,770, as follows:
Six sign panels by Power Ad $2,020
One sign panel by Daktronics 750
Total $2,770
Andrea agrees to pay the actual cost of the sign panel modifications by direct invoice from
Power Ad and Daktronics.
3. Payment Schedule. Attachment B to the Advertising Agreement outlines the
applicable payment schedule. FCH/HHC has paid all payments due for "Agreement Year 2" —
services rendered June 1, 2008 to May 31, 2009. Andrea agrees to assume responsibility for the
Advertising Fees for the remaining term of the Advertising Agreement commencing with
Payment 1 of $750 due June 1, 2009, per the Attachment B payment schedule.
4. Binding Effect. This Assignment shall be binding up the parties and their
successors and authorized assigns.
EXECUTED as of the date first written above.
FCH/HHC HOTELS, L.L.C. ANDREA INVESTMENTS, LLC.
By: James Heumann, President By: ody Harris, General Manager
CONSENT TO ASSIGNMENT
In accordance with paragraph 5 of the Advertising Agreement, the City consents to this
assignment of the Advertising Contract.
CITY OF SALINA, KANSAS
By: Jason Gage, Cit anager