LOLLAPALOOZA

This contract is a multi-year festival permit agreement between the Chicago Park District and C3 Presents LLC for the production of the Lollapalooza Music Festival in Grant Park, Chicago. The agreement outlines the terms and conditions for the production of the festival, including the payment of a permit fee, the provision of services, and the responsibilities of both parties. The contract also includes provisions for the termination of the agreement, dispute resolution, and the payment of attorneys' fees. Some key points include: * The festival will be held annually in Grant Park, with a minimum of 4 days in length. * C3 Presents LLC will be responsible for organizing, producing, and holding the festival, as well as paying all costs and expenses related to the festival. * The Chicago Park District will provide certain services, including preparing Grant Park for the festival and assisting with obtaining necessary permits and licenses. * The contract includes a guaranteed payment of $2,000,000 per year, as well as a permit fee based on a percentage of festival revenue. * The agreement can be terminated by either party with 30 days' written notice, or in the event of a default by the other party. * The contract includes provisions for dispute resolution, including negotiation, mediation, and arbitration. * The agreement is governed by the laws of the State of Illinois and any disputes will be resolved through the courts of the State of Illinois.