This Termination Agreement (“Agreement”) made this
31st day of August, 2007 by, between and among DONALD J. TRUMP
(“DJT”), an individual having an office at 725 Fifth
Avenue, New York, New York 10022, TRUMP WORLD PUBLICATIONS LLC
(“TWP”), a New York limited liability company, with an
office c/o The Trump Organization LLC, 725 Fifth Avenue, New York,
New York 10022 and SOBE LIFE, LLC (“SOBE”), an Illinois
limited liability company with an office c/o Premiere Publishing
Group, 386 Park Avenue South,16th floor, New York, NY 10016. DJT,
TWP and SOBE are sometimes referred to individually as a
“Party” and collectively as “Parties”.
WHEREAS, DJT and SOBE are parties to a certain License Agreement
dated as of May 28, 2004 (the “License Agreement”)
pursuant to which DJT licensed to SOBE the right to use the words
“Trump” and “Trump World” (collectively,
the “Trump Brand”) in connection with the
identification and publication by SOBE of Trump World Magazine (the
“Magazine”); and
WHEREAS, TWP and SOBE are parties to a certain Publishing
Agreement, as amended by First Amendment of Publishing Agreement,
each dated as of May 28, 2004, and a Second Amendment to Publishing
Agreement dated as of July 28, 2005 (collectively, the
“Publishing Agreement”) pursuant to which TWP granted
SOBE the right to publish the Magazine pursuant to the terms of the
Publishing Agreement; and
WHEREAS, DJT and SOBE desire to terminate the License Agreement as
of August 31, 2007 (the “Termination Date”) and TWP and
SOBE desire to terminate the Publishing Agreement as of the
Termination Date, on the terms and provisions herein provided.
NOW THEREFORE, in consideration of the mutual terms, covenants and
provisions herein contained and other good and valuable
consideration the receipt and sufficiency of which is herein
acknowledged, the Parties agree as follows:
