Common Contracts

NONBINDING TERM SHEET BETWEEN

November 27th, 2022

• Filed
  November 27th, 2022

This Nonbinding Term Sheet (“Term Sheet”) dated this day of September, 2014 outlines the general terms, conditions, and assumptions upon which a newly formed entity that is indirectly owned and controlled by principals of The Cordish Companies and Findlay Sports and Entertainment, LLC (“Developer”) would privately finance, develop, and operate a new, state-­‐of-­‐the-­‐art stadium (“Stadium”) designed to accommodate a Major League Soccer (“MLS”) team on City owned land located at Symphony Park in downtown Las Vegas (“Project Site”) with the assistance of the City of Las Vegas and City Parkway V, Inc., (an affiliate of the City), (collectively “City”). In this document, “Stadium” does not include any portion of the stadium described above that is financed with City funds described in Section 5a(v) below (“City Financing”), or if legally required or to the extent agreed to by the parties, 5a(iv) below; “stadium” includes both the Stadium and any portion of the stadium described above fin