Team Texas Sponsorship Agreement
This Sponsorship Agreement (“Agreement”), dated:
is entered into between ConectUS Wireless, 5900 S Lake Forest Dr., Ste 300 in McKinney, Texas 75070 (“Sponsor”), and Team Texas, 3545 Lone Star Cir., Fort Worth, Texas 76177 (“Organizer”).
WHEREAS, Organizer is the organizer of Team Texas School (“School”); and
WHEREAS, Organizer and Sponsor have reached agreement on terms and conditions upon which Sponsor will sponsor the School and wish to memorialize that agreement herein.
NOW, THEREFORE, in consideration of the mutual covenants, terms, and conditions set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
1. Term: The start date for this agreement shall be July 20, 2026, and shall continue for an initial term of twelve (12) months from such start date (the “Initial Term”). Sponsor shall have the option, upon at least sixty (60) days’ written notice prior to the end of the Initial Term, to extend this Agreement for an additional twelve (12) month period. Team Texas retains the right to agree to or decline the extension.
2. Sponsorship: Organizer hereby engages Sponsor, and Sponsor hereby accepts such engagement, each subject to the terms and conditions set forth in this Agreement, to be the sole sponsor of the School.
3. Sponsorship Benefits: In consideration of Sponsor’s payment of the Compensation, Organizer shall provide Sponsor with the Sponsorship Benefits set forth in Schedule A.
4. Compensation: In consideration of and subject to Organizer's provision of the Sponsorship Benefits and other undertakings hereunder, Sponsor shall pay Organizer a one-time sponsorship fee of Twenty-Four Thousand Dollars ($24,000.00), payable upon execution of this Agreement. Such payment shall constitute full payment for the initial twelve (12) month Term.
a. In the event this Agreement is terminated by Organizer prior to the expiration of the Initial Term for any reason other than Sponsor's material breach of this Agreement, Organizer shall refund to Sponsor the unearned, prorated portion of the sponsorship fee representing the full calendar months remaining in the Initial Term following the effective date of termination. Such refund shall be made within thirty (30) days after the effective date of termination.
5. License Grant: Each Party hereby grants to the other Party a non-exclusive, non-transferable, non-sublicensable right and license to use the Party’s Marks as necessary to provide the Sponsorship Benefits during the Term.
6. Insurance: Throughout the Term, Organizer shall maintain, at its sole cost and expense, at least the types and amounts of insurance coverage as are set forth in Schedule B. All insurance policies shall: (i) require the insurer to give Sponsor at least 30 days’ prior written notice of cancellation, non-renewal, or reduction in coverage; waive any right of subrogation of the insurers against Sponsor; and (iii) name Sponsor and its successors and assigns as additional insureds.
7. Termination: Sponsor may terminate this Agreement without cause upon at least thirty (30) days' prior written notice to Organizer. Either Party may terminate this Agreement immediately upon written notice if: (i) the other Party materially breaches this Agreement and such breach is incapable of cure or remains uncured for thirty (30) days after written notice; or (ii) the other Party becomes insolvent, files for bankruptcy, or is otherwise unable to pay its debts as they become due.
a. If Organizer terminates this Agreement for any reason other than Sponsor's material breach, Organizer shall reimburse Sponsor, in accordance with Section 4, for the unearned prorated portion of the prepaid Twenty-Four Thousand Dollar ($24,000.00) sponsorship fee attributable to the remaining full months of the Initial Term. Sponsor's right to such reimbursement shall survive termination of this Agreement.
8. Effect of Termination: On expiration or earlier termination of this Agreement all licenses granted hereunder will also terminate and the parties will be relieved of their respective further obligations. The provisions set forth in the following Sections, and any other right or obligation of the parties in this Agreement that, by its nature, should survive termination or expiration of this Agreement, will survive any expiration or termination of this Agreement.
9. Representations: Each party represents and warrants to the other Party that: (i) it is duly organized, validly existing, and in good standing as a corporation or other entity as represented herein under the laws and regulations of its jurisdiction of incorporation, organization, or chartering; (ii) it has the full right, power, and authority to enter into this Agreement, to grant the rights and licenses granted hereunder, and to perform its obligations hereunder; (iii) the execution of this Agreement by its representative whose signature is set forth at the end hereof has been duly authorized by all necessary corporate action of the Party; and (iv) when executed and delivered by both Parties, this Agreement will constitute the legal, valid, and binding obligation of such Party, enforceable against such Party in accordance with its terms..
10. Organizer Indemnification: Organizer shall indemnify, defend, and hold harmless Sponsor and its officers, directors, employees, agents, successors, and assigns (each, a “Sponsor Indemnitee”) from and against any and all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs, or expenses of whatever kind, including reasonable attorneys’ fees, the cost of enforcing any right to indemnification hereunder, and the cost of pursuing any insurance providers (collectively, “Losses”), resulting from any claim, suit, action, or proceeding (each, an “Action”) arising out of or related to: (i) the School, including Organizer’s advertising, marketing, or promotion of the Event, the Organizer Marks and Event Materials; (ii) any use, presentation, display, or distribution of Sponsor Materials in a manner not expressly permitted by this Agreement; or (iii) Organizer’s breach of any representation, warranty, covenant, or obligation of Organizer under this Agreement..
11. Sponsor Indemnification: Sponsor shall indemnify, defend, and hold harmless Organizer and its officers, directors, employees, agents, successors, and assigns (each, an “Organizer Indemnitee”) from and against all any and all Losses resulting from any Action arising out of or related to: (i) the Sponsor Materials, solely as used, presented, displayed, and distributed without alteration and otherwise in strict compliance with this Agreement or (ii) Sponsor’s breach of any representation, warranty, covenant, or obligation of Sponsor under this Agreement.
12. Confidential Information: The Parties shall execute a separate Non-Disclosure Agreement, which is expressly incorporated herein.
13. Return of Materials: At the conclusion of Term, Consultant shall deliver to Company all records, files, memoranda, notes, designs, data, reports, price lists, customer lists, drawings, plans, and other documents (and all copies or reproductions of such materials) relating to the business of the Company.
14. Independent Contractors: The relationship between the parties is that of independent contractors. Nothing contained in this Agreement shall be construed as creating any agency, partnership, joint venture, or other form of joint enterprise, employment, or fiduciary relationship between the parties, and neither party shall have authority to contract for or bind the other party in any manner whatsoever.
15. Notices: All notices, requests, consents, claims, demands, waivers, and other communications hereunder must be in writing and sent via e-mail to the respective signatories to this Agreement.
16. Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement.
17. Amendment: This Agreement may be amended only in a writing signed by both Parties.
18. Governing Law: This Agreement shall be construed, interpreted and enforced in accordance with the laws of Texas.
19. Waiver of Jury Trial: Each party irrevocably and unconditionally waives any right it may have to a trial by jury in respect of any legal action arising out of or relating to this Agreement or the transactions contemplated hereby.
20. Attorney’s Fees: In the event that any action, suit, or other legal or administrative proceeding is instituted or commenced by either party hereto against the other party arising out of or related to this Agreement, the prevailing party shall be entitled to recover its reasonable attorneys’ fees and court costs from the non-prevailing party.
21. Severability: In the event that any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year set forth above.
Signature - For Organizer – Team Texas
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For ConectUS to fill out and sign
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Signature - For Sponsor - ConectUS Wireless
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Anticipated Deliverables Schedule A - Team Texas
Subject to the terms and conditions of this Agreement, Organizer shall use commercially reasonable efforts to provide the following sponsorship benefits and promotional deliverables throughout the Term:
1. Branding and Promotional Assets
a. Maintain two (2) NASCAR race vehicles displaying ConectUS branding pursuant to mutually approved artwork and branding guidelines.
b. Maintain one (1) NASCAR Stretch Limousine displaying ConectUS branding pursuant to mutually approved artwork and branding guidelines.
c. Maintain the ConectUS-branded race vehicles and limousine in good condition, subject to ordinary wear and tear resulting from normal use.
2. Annual Driving Experience Event. Organizer shall conduct one (1) Team Texas Racing School event at Texas Motor Speedway ("TMS") during each annual Term of this Agreement, subject to track availability and force majeure events. The event shall be governed by the following commercial terms:
a. ConectUS shall be solely responsible for payment of all applicable Texas Motor Speedway track rental fees.
b. ConectUS shall guarantee a minimum purchase of seventy-five (75) driving experiences for a non-refundable fee of Sixteen Thousand Dollars ($16,000.00).
c. Additional driving experiences in excess of seventy-five (75) participants shall be billed at Four Hundred Dollars ($400.00) per additional driver.
d. ConectUS shall pay a fuel surcharge of One Thousand Five Hundred Dollars ($1,500.00) for each event.
e. $1,500 cost for use of Penthouse for RUYR event on September 16th, 2026
f. $1,000 cost for limo use from Speedway Club to Media Center for RUYR event on September 16th, 2026
g. ConectUS shall obtain and maintain all required track-day liability insurance and shall provide acceptable certificates of insurance to Texas Motor Speedway in accordance with the track's requirements.
3. Co-Branding
Organizer shall develop and utilize a current Team Texas logo or promotional mark incorporating the phrase "Powered by ConectUS" or other substantially similar co-branding language, subject to mutual approval by the Parties.
4. Website Promotion
Organizer shall prominently display the ConectUS logo, together with an appropriate hyperlink to the ConectUS website, on Organizer's primary public website throughout the Term of this Agreement.
5. Social Media Promotion
Organizer shall include ConectUS in its social media marketing efforts by:
a. Tagging or otherwise identifying ConectUS in applicable social media posts across Organizer's active social media platforms whenever reasonably appropriate;
b. Utilizing co-branded content where practical; and
c. Including photographs or video featuring a ConectUS-branded race vehicle whenever reasonably available and appropriate for the content being published.
6. Promotional Appearances
Organizer shall use commercially reasonable efforts to feature one or more ConectUS-branded race vehicles and/or the ConectUS-branded NASCAR Stretch Limousine at promotional appearances, racing school activities, corporate events, trade shows, and similar public engagements throughout the Term, when operationally feasible and consistent with Organizer's event schedule. Team Texas reserves the right to charge for setup, travel, gas, Team Texas employee costs and other associated fees such as David Starr's time.
Anticipated Deliverables - ConectUS Wireless
Subject to the terms and conditions of this Agreement, ConectUS shall use commercially reasonable efforts to provide the following marketing, promotional, and business development services throughout the Term of this Agreement.
1. Joint Marketing and Social Media Initiatives
a. Collaborate with Organizer to develop and execute a coordinated social media strategy designed to increase brand awareness, engagement, and website traffic for both Parties.
b. Subject to available content and marketing schedules, publish and/or share approximately three (3) to five (5) social media posts per week across ConectUS-owned social media platforms referencing, tagging, or otherwise promoting Team Texas Racing School, when commercially reasonable.
2. Dedicated Online Presence
a. Develop, host, and maintain a dedicated Team Texas Racing School landing page within our ConectUS website platforms, or a successor platform designated by ConectUS, containing information regarding Team Texas offerings, corporate event opportunities, and electronic inquiry forms for prospective customers.
b. Feature Team Texas Racing School on the ConectUS corporate website (
ConectUS.com) and, where appropriate, on additional ConectUS-owned websites and digital properties that collectively receive in excess of approximately six thousand (6,000) unique monthly visitors, subject to periodic website redesigns and content updates.
3. Marketing Asset Sharing
Provide Organizer with access to photographs, videos, and other marketing assets created or obtained by ConectUS relating to the Parties' collaboration, whether in raw or edited format, for Organizer's promotional use, subject to any applicable third-party intellectual property rights, licensing restrictions, or confidentiality obligations.
4. Search Engine Optimization (SEO)
Develop and implement commercially reasonable search engine optimization (SEO) initiatives designed to associate Team Texas Racing School with ConectUS digital properties by incorporating mutually agreed keywords, metadata, and related content to improve organic search rankings, website visibility, and online engagement.
5. Business Development and Partner Promotion
Use commercially reasonable efforts to introduce and promote Team Texas Racing School to ConectUS business partners, strategic alliances, vendors, and manufacturers, including, but not limited to, Samsung, Motorola, Apple, Kyocera, Google, Verizon, and other current or future partners, with the objective of encouraging consideration of Team Texas Racing School for corporate meetings, customer appreciation events, executive experiences, and other business functions conducted at or near Texas Motor Speedway.
6. General Promotional Efforts
ConectUS shall use commercially reasonable efforts throughout the Term to promote Team Texas Racing School through its marketing channels, sales organization, partner ecosystem, and customer relationships whenever appropriate and consistent with ConectUS's business objectives.
