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Sell advertising space for publication in the City's bi-monthly publication known <br />as the Ramsey Resident. <br />2.2 Wheels of Thunder shall compile all ads, complete the necessary copy and <br />graphics and then forward the fully completed ad to the City. The City will be <br />responsible for cutting and pasting the individual advertisements into the Ramsey <br />Resident. <br />2.3 Wheels of Thunder will advertise the Ramsey Resident advertising space for sale <br />on its web site, including the relevant price list. <br />2.4 Wheels of Thunder through its staff will represent the City and the Ramsey <br />Resident in a professional, business -like manner at all times. <br />2.5 Wheels of Thunder shall provide the City with a current advertising rate schedule <br />and keep the same current during the term of this Agreement listing the <br />advertising rate charged for ad placement in the Ramsey Resident. The City may <br />in its discretion amend the said rate schedule. <br />3. CITY OBLIGATIONS. <br />3.1 The City will display Wheels of Thunder on its web site and provide a link to <br />Wheels of Thunder's web site for Ramsey Resident advertisement sales. <br />3.2 The City through its staff will, at all times, refer to Wheels of Thunder in a <br />professional, business -like manner. <br />4. CONSIDERATION <br />4.1 For its sales services Wheels of Thunder shall receive fifty percent (50%) of all <br />advertising revenue received by it for advertisements it sells in the Ramsey <br />Resident. <br />4.2 Wheels of Thunder will require each of its advertising customers to make their <br />advertising payment payable directly to the City. <br />4.3 All payments for sales services will be paid by the City within 30 days of the date <br />the City receives the payment from the respective advertisers. <br />5. COMPLIANCE WITH LAWS/STANDARDS <br />5.1 General. Wheels of Thunder shall abide by all Federal, State or local laws, <br />statutes, ordinances, rules and regulations now in effect or hereinafter adopted <br />pertaining to this Agreement <br />5.2 Licenses. Wheels of Thunder shall procure, at its own expense, all licenses, <br />permits or other rights required for the provision of services contemplated by this <br />Agreement. <br />2 <br />