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to local entrepreneurs ("Entrepreneurship Hosting Events"). Each event will include a speaker and an opportunity for participants to engage in networking. The agenda and location for each event will be determined by the GSB after consultation with the City Manager or his or her designee. Example speakers and topics may include a Stanford faculty member speaking on issues such as leadership or managing change, a venture capitalist speaking on investment in Silicon Valley companies, and/or a Redwood City leader addressing issues particular to local businesses. - a. Pro�ram Venue and Amenities. The GSB will arrange a venue located within Redwood City for each of the Entrepreneurship Hosting Events. The GSB will provide speakers,beverages and snacks for each event. b. Advance Notice. The City Manager or his or her designee and the GSB will select dates for each of the Entrepreneurship Hosting Events at least six months in advance of each event. Once each event date has been selected, the GSB will deduct the event amount from the program's budget allocation. The GSB will work cooperatively with the City to reschedule dates once per year if substitute dates are available at no additional cost to the GSB, including opportunity costs. c. Marketing Materials. The City will be responsible for advertising the Entrepreneurship Hosting Events. In order to assist the City in advertising the events, the GSB will develop and produce up to 2,000 copies of written materials, such as a brochure or flyer, as well as web-based content to describe each Entrepreneurship Hosting Event. City will be responsible for disseminating the marketing materials. d. Initial Budget Allocation. The initial budget allocated to the Entrepreneurship Hosting Events is $64,000 per event, for total amount of$640,000. e. Effect of Fees Char�ed to Participants and/or Reallocation of Bud e�ted Amounts. The City Manager may choose to require attendees to pay a fee to attend the Entrepreneurship Hosting Events. If the City Manager requires participants to pay such a fee, the participants will remit payment directly to the GSB. The GSB will hold such payments in a non-interest bearing account established to supplement the Entrepreneurship Hosting Events budget allocation. By mutual agreement, the City Manager and the GSB also may elect to reallocate to the Entrepreneurship Hosting Events any unused amounts allocated to other programs described in this Exhibit C. f. Extension of Pro r�am Beyond the Initial Five-Year Period. Upon mutual agreement of the Parties, the GSB may continue to provide the Entrepreneurship Hosting Events until the budget allocated to this program has been expended (the initial budget allocation plus any supplemental amount collected from attendees and any amount reallocated to this program from other programs). After the initial five-year period, the GSB may increase the cost for each event by an amount that corresponds to any increases in the actual costs of providing venues, speakers, food and marketing materials associated with such events. If the Parties do not agree to extend this program beyond the initial five-year period, or if the remaining budgeted amount for the program is less than the annual cost for the program, the remaining budgeted amount will be reallocated to a different program described in this Exhibit C. EXHIBIT C 4 ATTY/AGR/2013.134/STANFORD DEVELOPMENT AGREEMENT REV: 08-14-13 PT