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7.1 Pa. mets. All payments due and owing under this contract shall be paid to the County by the Licensee, and all documents required to substantiate such payments shall be Provided, no later than five (5) days after the closing of each annual fair. 7.2 Liquidated Damaves. (a) In the event that any required item of equipment, or its equivalent, herein agreed to be furnished by Licensee should not be so available during the Fair, the sum FIVE THOUSAND DOLLARS ($5,000.00) for each spectacular, FOUR THOUSAND DOLLARS ($4,000.00) for each major, TWO THOUSAND DOLLARS ($2,000.00) for each kiddie ride shall be paid by Licensee to the County, in addition to other amounts herein provided for. This subsection shall not apply where unavailability is no longer than two (2) days. (b) If Licensee fails or refuses to bring its carnival to the fair in accordance with this agreement, Licensee will pay to the County the sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000.00) each year Licensee defaults and County may terminate this agreement upon notice to Licensee. 7.3 Countv or State Auditor may Audit Sales. (a) The County or State Auditor, or others as designated by the County, may take steps it deems reasonable and necessary to monitor and to audit ticket sales and any other business records relating to business of the Licensee, including but not limited to auditing receipts by: (1) Stationing its representative in any booth; (2) Checking cash register totals or subtotals; (3) Examining Licensee's ticket sales booths; (4) Checking ticket inventories; and (5) Taking all other steps necessary or appropriate to monitor the use and distribution of tickets and audit the amount of gross receipts from sales of goods and services. (b) Licensee agrees to keep accurate and complete books and records of accounts including but not limited to payroll and general ledgers that will be available on reasonable notice for inspection by agents or employees of the County or State Auditor. Licensee shall keep all records required by this agreement for five (5) years after termination of this agreement. 7.4 Advertising for Carnival and Kittitas CountyFair. Licensee shall pay to the County the first year of this agreement TWO THOUSAND DOLLARS ($2,000.00), and for each year of this agreement thereafter TWO THOUSAND DOLLARS ($2,000.00), for a total of TEN THOUSAND DOLLARS ($10,000.00), to be used by the County for advertising the Kittitas County Fair and Carnival. Payment shall be made on or before June 1 of each year. Carnival Contract 2017-2022 Page 9 of 13