STADIUM COST $672 M

COBB TRANSPORTATION CONTRIBUTION: $14 MILLIONCUMBERLAND CID CONTRIBUTION: $10 MILLION

LOCAL ANNUAL CONTRIBUTIONS:*EXISTING HOTEL/MOTEL TAX $940,000 REALLOCATION OF EXISTING REVENUES** $8.67 MILLIONRENTAL CAR TAX $400,000CUMBERLAND DISTRICT TAX $5.15 MILLIONCUMBERLAND DISTRICT CIRCULATOR FEE $2.74 MILLION

ATLANTA BRAVES: $372 MILLIONLOCAL CONTRIBUTION: $300 MILLION

OVERALL INVESTMENT

ATLANTA BRAVESLOCAL

$672 MILLIONTOTAL

$17.9 MILLIONPER YEAR

BRAVES55%

LOCAL45%

[PERCENTAGES BASED ON NET PRESENT VALUE]

ECONOMIC IMPACT

• 5,227 construction jobs with $235,000,000 in construction earnings, $35,000,000 of which will be in earned in Cobb County.• 3,141 ongoing ballpark jobs, resulting in $35,800,000 in earnings, with 1,617 of those jobs in Cobb County, resulting in earnings of $6,232,500 in Cobb County. • Visitor spending, resulting in 873 jobs which provide $25,000,000 in earnings, of which $8,906,754 will be earned in the county.

These numbers do not include the anticipated tax revenues from the planned Braves-owned mixed-use development around the stadium.

*ANNUAL CONTRIBUTIONS COVER PRINCIPAL AND INTEREST OF BOND ISSUANCE.

ATLANTA BRAVES UPFRONT CONTRIBUTION: $280 MILLION

ATLANTA BRAVES ANNUAL CONTRIBUTIONS:*RENT $3 MILLION NAMING RIGHTS REVENUE $1.5 MILLIONPARKING REVENUE $1.5 MILLIONADVERTISING REVENUE $100,000

$6.1 MILLIONPER YEAR

**NO INCREASE IN PROPERTY TAXES TO COBB HOMEOWNERS.

Atlanta Braves and Cobb County Major Deal Points Summary

1. Overview. The Atlanta Braves, Cobb County and the Cobb­Marietta Coliseum and Exhibit Hall Authoritywill be executing a Memorandum of Understanding (MOU) that sets forth their respective rights andobligations for development of the Atlanta Braves stadium in Cobb County.

2. Term. The term of the MOU is thirty years, commencing with the 2017 Atlanta Braves season. The AtlantaBraves will have the right to extend the term for an additional five years through the 2051 major leaguebaseball season.

3. Stadium Project Budget. The total budget for the stadium is approximately $672,000,000. This includesstadium, parking and related infrastructure.

4. Allocation of Total Stadium Project Cost.

Atlanta Braves Contribution: $372,000,000 – 55%

The Atlanta Braves’ upfront commitment is up to $280,000,000 (minimum contribution of$230,000,000).

The Atlanta Braves’ total contribution of $372,000,000 over the life of the stadium project consists of$280,000,000 paid by Opening Day 2017 and $92,000,000 (Net Present Value) being financed overthe 30­year term of the stadium operating agreement, and paid via Atlanta Braves’ annual guaranteedrevenues ($6,100,000 annually), as detailed below:

1. Rent: $3,000,0002. Naming Rights Revenue: $1,500,0003. Parking Revenue: $1,500,0004. Marquee Advertising Revenue:            $   100,000

Total: $6,100,000

Local (Cobb County/Cumberland CID/Authority) Contribution: $300,000,000 – 45%

$14,000,000 – The local commitment includes a transportation improvement contribution ofapproximately $14,000,000.

$10,000,000 – The commitment of the Cumberland Community Improvement District includes acontribution of approximately $10,000,000.

$276,000,000 – The Cobb­Marietta Coliseum and Exhibit Hall Authority will issue $368,000,000 ofthirty (30) year revenue bonds of which the Atlanta Braves’ annual financial commitments will cover$92,000,000 of the bond issuance. Annual payments on the remaining $276,000,000 will be paid

from the following sources (projected totals):

1. Existing Hotel/Motel Tax – (Cobb County Portion): $940,0002. Reallocation of existing Property Tax Revenues (no increase in property tax millage rate for Cobb County

homeowners): $8,670,0003. New three percent Rental Car Tax: $400,000 (to be approved by County)4. New Cumberland Special Service District Tax: $5,150,000 (Consists of approximately three mills property

tax increase in approximately the footprint of the Cumberland CID. This equals about $120 annually on$100,000 market value property.)

5. New Cumberland Special Service District Hotel Circulator Fee: $2,740,000 ($3 per room per night chargefor hotels and motels in district footprint)

5. Stadium Design and Construction. The Atlanta Braves organization will serve as the design andconstruction manager for the project. The Atlanta Braves will be responsible for any cost overruns.

6. Operation and Management of Stadium. Except for the County’s right to conduct a limited number ofspecial events, the Atlanta Braves have exclusive rights to use and operate the Stadium and permit third partiesto do the same.

7. Stadium Revenues. Except for the County’s share of naming rights revenues, parking revenues and marqueeadvertising revenues, the Atlanta Braves will retain all revenues associated with the Stadium.

8. Stadium Expenses. The Atlanta Braves are responsible for all operating expenses of the Stadium. TheAtlanta Braves and the County will be jointly responsible for all capital maintenance expenses of the Stadium.

9. Additional Agreements. The MOU also sets forth that the parties will execute more definitive agreements inconnection with the Stadium Project including a Stadium Operating Agreement, Development Agreement,Non­Relocation Agreement, Transportation and Infrastructure Agreement and any other agreements that theParties deem necessary.