CN-360000-A0897-A0897-A2.pdf

This document is a Renewal and Second Amendment of Agreement between the State of Florida, Department of the Lottery, located in Tallahassee, Florida, and Machado/García-Serra, LLC, a Florida corporation based in Miami. The agreement was originally entered into for Spanish Language Hispanic Market Advertising and Related Services, initially effective November 8, 2007, and amended on June 2, 2008.

The contract is being renewed for two years, from November 8, 2010, through November 7, 2012, exercising the first and second one-year renewal options. As part of the renewal, the compensation rate is being reduced from the original 10.5% of the annual budget to 10.29% for the first renewal term (November 8, 2010 through November 7, 2011) and further reduced to 10.185% for the second renewal term (November 8, 2011 through November 7, 2012). The renewal is contingent upon the agency's satisfactory performance of services to date and the agreed-upon reduced compensation rates. The Lottery reserves its right of termination as provided in the original agreement.