NEW JERSEY SWIMMING and BAG TAGS INC. HAS FORMED A PARTNERSHIP

Terms of Mutual Understanding

Between Bag Tags, Inc. (“BTI”) & New Jersey Swimming (“NJS”)

A.  Bag Tags, Inc. agrees to provide the following benefits and services:

1. Include the NJS logo on all NJS Member Clubs’ orders with club approval.
2. Ensure that all usage of the NJS logos and trademarks is consistent with the design parameters authorized and provided by NJS.
3. All NJS clubs will be offered preferential pricing.  See attached Preferential Pricing Sheet.
4. $25 dollars will be paid to NJS for all orders containing the NJS logo.
5. A summary of all orders with payment will be delivered semi-annually.

B.  New Jersey Swimming agrees to:

1. Support and endorse Bag Tags, Inc. as an approved supplier of BTI products.
2. Provide any assistance that they believe is in the best interest of NJS and BTI to help foster benefits for the NJS sanctioned clubs.

This mutual understanding is designed to simply foster a cooperative working relationship.  The terms will remain in effect until BTI and New Jersey Swimming decide to mutually modify them.

BAG TAG INC WEBSITE

NJ SWIMMING MEMBERS PREFERENTIAL PRICE LIST

NJ SWIMMING LOGOS:  1   2