to use said stadium upon terms satisfactory to Smith for a minimum period of ten years commencing in 1966; such lease to be awarded on or before the 6th day of July 1965


5
 When the lease shall have been acquired and Smith admitted as a member of National, Smith shall receive the following:
A.  A franchise for Atlanta in National.
B. Smith shall be entitled to participate in the 1965 selection meeting of National and shall be awarded the first choice in the first twenty rounds thereof and an extra choice at the end of each of the first five rounds.
C. Smith shall receive one-fifteenth of any sum paid by any network for any single network television contract commencing in 1966 and a pro rata share each year thereafterwhile Atlanta holds a franchise.


6
 The selection of management and coaches shall be subject to the prior approval of the Commissioner of National.  Similarly, any other persons other than Smith who shall own a share in said club shall be subject to approval by the member clubs of National.  In no event shall Smith personally own less than fifty-one percent of said franchise


7
 In addition thereto Smith shall personally guarantee all financial obligations hereinabove set out


8
 If a sixteenth franchise is granted, Smith shall not participate in any share of any monies paid for such new franchise granted by National


9
 The entity to operate the franchise and the persons owning any interest therein shall be subject to and bound by the Constitution and By-Laws of the