1.1. The Sponsor shall pay the Club 5000 (five thousand) euros (the “Contribution”) to support the Club’s activities in managing and training a team of cricket players, participating in sporting events and competitions, and developing the game of cricket (hereinafter the “Purpose”).
1.2. The Sponsor shall pay the Contribution to the Club’s bank account (specified separately by the Club) no later than by the 5th (fifth) banking day as of the signing of the Agreement by both Parties.
1.3. The Club warrants that the Contribution will only be used for the Purpose defined in this Agreement and not for any other purpose.