Mississippi State University Alumni, Inc. - Page 7

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          activities.  PB&T agreed to submit to petitioner for advance                
          approval each endorsement and related marketing material.                   
               The 1987 agreement did not require petitioner to keep copies           
          of credit card applications or provide them to alumni.                      
               3.   License To Use Intangible Property                                
               The 1987 agreement gave PB&T the exclusive right to use                
          petitioner's name on the affinity credit cards and in related               
          marketing materials.                                                        
               MSU gave PB&T permission to use MSU's registered trademark,            
          the "walking bulldog", on the affinity credit cards and related             
          marketing material.  MSU did not charge petitioner or PB&T for              
          PB&T's use of the MSU trademark because MSU wanted petitioner to            
          receive all of the payments from PB&T for the affinity credit               
          card program.  Petitioner agreed to use its best efforts to keep            
          MSU's permission to use the trademark.                                      
               4.   Membership Lists and Updates                                      
               PB&T agreed that all membership lists petitioner provided              
          were to remain petitioner's property and confidential.  PB&T                
          agreed to use petitioner's mailing lists only for the affinity              
          credit card unless PB&T had petitioner's written consent to use             
          them for other purposes.  PB&T agreed to give address changes it            
          received from cardholders to petitioner monthly at no charge.               









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Last modified: May 25, 2011