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RELOCATION PROCESS
The relocation to the new Yankee Stadium is a momentous, once-in-a-lifetime event for the Yankees and Yankees fans. In connection with the development of the Relocation Program for the new Yankee Stadium, we conducted our own internal analysis and canvassed various industry sources, including sports teams that recently engaged in a relocation program. As a result of such efforts, the goal of the Relocation Program is to provide as many Licensees as possible with the opportunity to tailor their Plans to their seating preferences at the new Yankee Stadium.

In order to make your relocation as seamless and convenient as possible, here are some answers to questions which will likely arise from the Relocation Program. While we have tried to anticipate your questions, we are happy to answer any other questions you may have concerning the Relocation Program and the new Yankee Stadium. Please visit our website, www.yankees.com, or contact us at (718) 293-6000 or via e-mail at relocation@yankees.com and we will be happy to help.

 PART 1: NEW STADIUM - GENERAL INFORMATION

1. Where will the new Yankee Stadium be located?
The new Yankee Stadium will be located one block from Yankee Stadium at 161st Street and River Avenue, Bronx, New York. The enclosed "New Yankee Stadium" Digital Video Disc is a convenient source of new Yankee Stadium information. In addition, please note that you can access a virtual tour of the new Yankee Stadium online at www.yankees.com.

2. Will the seat sections in the new Yankee Stadium be numbered in the same manner and order as they are in Yankee Stadium?
No. We took advantage of the opportunity to number the seating areas in the new Yankee Stadium to reflect the original sequential section numbering system used in the original Yankee Stadium in 1923. Please see page 22 for more information.

3. On which side of the new Yankee Stadium will the Yankees dugout be located?
The first-base side.

4. What public transportation options are available for traveling to and from the new Yankee Stadium?
Since the new Yankee Stadium will be located one block from Yankee Stadium, the current modes of mass transportation for travel to and from Yankee Stadium will continue to be available. In addition, in or about April 2009, a new Metro North station will be located within walking distance of the new Yankee Stadium. It is expected that all three lines (Harlem, Hudson and New Haven) will be accessible at the new Yankee Stadium Metro North station.

5. Will the new Yankee Stadium offer seating for guests with disabilities?
The new Yankee Stadium will be in full compliance with all ADA requirements (as well as similar New York State and New York City requirements) and will offer wheelchair, aisle-transfer and companion seats in a variety of seat locations and prices, including Yankees Premium Offerings seat locations. Further information is contained in the "Guests With Disabilities" section of this Guide.

 PART 1: RELOCATION PROGRAM - GENERAL INFORMATION

1. Which Licensees are eligible for the Relocation Program?
All Licensees who licensed and maintained a Plan for the 2008 Season will be eligible to participate in the Relocation Program for the new Yankee Stadium.

2. How was the Relocation Program designed?
The Relocation Program has been designed to provide as many Licensees as possible with the opportunity to tailor their Plans to their seating preferences in the new Yankee Stadium. Please see page 30 for more information.

3. What types of Plans will be offered for the new Yankee Stadium?
Beginning with the 2009 Season, the Yankees will offer a Full Season Plan, a 41-Game Plan, two different 20-Game Plans, three different 15-Game Plans, two different 12-Game Plans and an 11-Game Plan. Please see pages 20-21 for more information.

4. Which Plans that are offered during the 2008 Season will not be offered for the 2009 Season?
The current "A" Plan (61 Games) will no longer be offered after the conclusion of the 2008 Season. In addition, all other current Plans, other than the Full Season Plan, will be modified commencing with the 2009 Season. Please see pages 20-21 for more information.

5. I am an "A" Plan Licensee for the 2008 Season. What will my options be in the new Yankee Stadium?
The "A" Plan, which currently includes 61 Games, will not be offered in the new Yankee Stadium. All "A" Plan Licensees will be assigned Full Season Plans in a location in the new Yankee Stadium that is reasonably comparable to their location during the 2008 Season (as determined by the Yankees in its sole and absolute discretion). If you wish to decline the Full Season Plan that has been assigned to you, you should select the "decline" option online. A Yankees representative will contact you to discuss the 41-Game Plan and Partial Season Plan pool options. Please see pages 36-37 for more information.

6. I am a Partial Season Plan Licensee for the 2008 Season. What will my options be in the new Yankee Stadium?
At the present time, all current 2008 Partial Season Plans will be modified for the 2009 Season. However, you will be eligible to participate in the Relocation Program. You will initially be assigned to a Plan in a location that is based upon your preferences as indicated in the Relocation Program Questionnaire that you submitted. Please see pages 40-41 for more information.

7. I am a 20-Game Flex Plan Licensee for the 2008 Season. What will my options be in the new Yankee Stadium?
A 20-Game Flex Plan will not be offered for the 2009 Season. However, you will be eligible to participate in the Relocation Program. We will be offering two separate pre-determined 20-Game Plans for the 2009 Season. You will initially be assigned to a Plan in a location that is based upon your preferences as indicated in the Relocation Program Questionnaire that you submitted. Please see pages 40-41 for more information.

8. How will seats and seat locations be assigned in the new Yankee Stadium?
The Yankees will attempt to assign existing Full Season and "A" Plan Licensees seats in locations that are reasonably comparable to the location of the Licensee's seats at Yankee Stadium (as determined by the Yankees in its sole and absolute discretion). With respect to existing "B" Plan and Partial Season Plan Licensees, the Yankees will attempt to assign seat locations in accordance with the Licensees' seating preferences as expressed in the Licensees Relocation Program Questionnaires. However, please note, unlike existing Full Season and "A" Plan Licensees, under the Relocation Program, "B" Plan and Partial Season Plan Licensees will not receive reasonably comparable seat location assignments. All seat location assignments for existing "B" Plan and Partial Season Plan Licensees will be made in accordance with the Licensee's preferences as reflected in the Relocation Program Questionnaire submitted by the Licensee. All seat locations will be determined by the Yankees, subject to the pool selection process. Please see pages 36, 38 and 40, respectively, for more information.

9. If I am a Licensee under an "A" Plan in 2008, how many seats can I license?
By accepting your initial Full Season Plan assignment, you will be entitled to license the same number of seats in the new Yankee Stadium as were included in your Plan at the end of the 2008 Season. The "A" Plan will not be offered in the new Yankee Stadium. Please see page 36 for more information.

10. If I am a Licensee under a "B" Plan in 2008, how many seats can I license?
By accepting your initial 41-Game Plan assignment or upgrading to a Full Season Plan, you will be entitled to license the same number of seats in the new Yankee Stadium as were included in your Plan at the end of the 2008 Season. Please see pages 39 and 37, respectively, for more information.

11. If I am a "B" Plan Licensee or Partial Season Plan Licensee in 2008, can I license a Full Season Plan?
In order to be eligible to receive an offer to license a Full Season Plan, you would need to indicate your desire to upgrade to a Full Season Plan on your Relocation Program Questionnaire and submit the Relocation Program Questionnaire by the Response Deadline that is reflected in the letter accompanying this Guide. You will then be placed in the Full Season Plan pool and a Yankees representative will contact you in accordance with your priority within the Full Season Plan pool. If you receive an offer to license seats under a Full Season Plan during the pool process, you will be entitled to license the number of seats which is equal to the number of Full Season Equivalent seats included in your Plan(s) at the end of the 2008 Season and, subject to availability, a maximum of the number of seats included in your largest Plan at the end of the 2008 Season. You may also choose to license fewer seats than your Full Season Equivalent. Please see page 35 for more information.

EXAMPLE:If you had four seats under a "B" Plan (46 Games) for the 2008 Season, the total number of seats covered by such Plan is 184. 184 seats divided by 81 equals 2.27 Full Season Equivalent seats. If you receive an offer to license seats through the Full Season Plan pool, you would be entitled to license two or fewer seats and, subject to availability, a maximum of four seats under a Full Season Plan.
EXAMPLE:If you had 10 seats under a Partial Season "C" Plan (15 Games), eight seats under a Partial Season "D" Plan (12 Games) and 10 seats under a Partial Season "E" Plan (Eight Games), all for the 2008 Season, the total number of seats covered by all Plans is 326. 326 seats divided by 81 equals 4.02 Full Season Equivalent seats. If you receive an offer to license seats through the Full Season Plan pool, you would be entitled to license four or fewer seats and, subject to availability, a maximum of 10 seats under a Full Season Plan.

12. Why can't I be assigned the same seats in the new Yankee Stadium that I currently have in Yankee Stadium?
The design and configuration of the new Yankee Stadium differs from the current Yankee Stadium. Therefore, none of the decks, levels or sections of the new Yankee Stadium is comparable to those in Yankee Stadium.

13. May I license additional Plans during the Relocation Program other than the Plan to which I am initially assigned during the Relocation Program?
No. However, following the completion of the Relocation Program, you may request additional Plans, but such request will be subject to availability of seats for such Plan. Requests for additional Plans will be prioritized using the criteria discussed under the Relocation Program section of this Guide. You may speak to a Yankees representative in connection with your preferences by contacting us at (718) 293-6000 or contact us via e-mail at relocation@yankees.com.

14. Can I sell or otherwise transfer my right to participate in the Relocation Program or any Seniority or other priority status provided to me thereunder?
No, any such attempt to sell or otherwise transfer any such right will result in immediate disqualification under the Relocation Program and may result in the termination of your current Plan and/or any Plan secured for the 2009 Season. This section outlines the Relocation Program for each type of Plan offered for the 2009 Season and describes your options to upgrade or change your current Plan(s). Please note that due to the high demand for Full Season Plans and Yankees Premium Offerings, a significant portion of the seats located within the infield on both decks of the new Yankee Stadium will be offered as part of Full Season Plans only. Please note that in the new Yankee Stadium, the Plans, the number and type of seating areas and the corresponding amenities will differ from those offered or provided in Yankee Stadium.

UPGRADING TO A FULL SEASON PLAN
All "B" Plan Licensees and Partial Season Plan Licensees will have the opportunity to upgrade to a Full Season Plan prior to the assignment by the Yankees of 41-Game Plan and Partial Season Plan seat locations, subject to availability.

If you are a current "B" Plan Licensee or a current Partial Season Plan Licensee, you must indicate your desire to upgrade to a Full Season Plan on your Relocation Program Questionnaire and submit the Relocation Program Questionnaire by the Response Deadline. You will then be placed in the Full Season Plan pool and a Yankees representative will contact you, in accordance with your priority within the Full Season Plan pool, to inform you of the inventory available in Full Season Plan seat locations. If you are a current "B" Plan Licensee or a current Partial Season Plan Licensee who chooses to upgrade to a Full Season Plan by entering the Full Season Plan pool, at a minimum, you will be entitled to license the number of seats which is equal to the number of Full Season Equivalent seats included in your Plan(s) at the end of the 2008 Season (or fewer if you so desire) and, subject to availability, a maximum of the number of seats included in your largest Plan at the end of the 2008 Season. See question 11 in the "Relocation Program" portion of the "Questions & Answers: Part 1 – new Yankee Stadium and Relocation General Information" section of this Guide for further information.

YANKEES PREMIUM OFFERINGS
If you choose to license seating in any of the Yankees Premium Offerings areas, you will not forfeit your position as a Licensee under your current Plan and will be given an assignment based upon your current Plan, which you may continue to maintain. Please see the "Yankees Premium Offerings" section of this Guide for more information.

Dugout Lounge

 CURRENT FULL SEASON AND "A" PLAN LICENSEES

STEP 1 - SEATING ASSIGNMENT
If you licensed and maintained a Full Season or an "A" Plan (61 Games) for the 2008 Season, you will be assigned (a) the same number of seats that were included in your 2008 Full Season or "A" Plan and (b) seat locations in the new Yankee Stadium that the Yankees believe to be reasonably comparable to your current seat locations in the current Yankee Stadium. Please note that current "A" Plan Licensees will not have the option of continuing under the "A" Plan beginning with the 2009 Season because the "A" Plan will not be available. Accordingly, if you are a current "A" Plan Licensee, you automatically will be assigned seats under a Full Season Plan.

STEP 2 - ACCEPTING OR DECLINING YOUR SEATING ASSIGNMENT
Upon receiving your 2009 Plan invoice, which will indicate your initial assigned seat location, you may either accept or decline the assignment. You must notify the Yankees by the due date reflected on the invoice as to whether you wish to accept or decline the assignment. Your options and the manner in which you may accept or decline your assignment are described below.

If you accept: If you wish to accept your assignment, please consult the invoice you will receive, which will indicate your assigned seat location, and submit your first 2009 Plan installment payment by the due date reflected on the invoice. You may make your payment online by accessing your "My Yankees Account" on www.yankees.com and selecting the "View/Pay Invoice" banner and following the instructions or by mail pursuant to the instructions included on the invoice. If you fail to make your first installment payment by the due date reflected on the invoice or fail to decline your assignment as described below (in order to request an alternative Full Season Plan seat location or to downgrade to an alternative 2009 Plan), your assignment location will be forfeited without any further contact from the Yankees.

If you decline: If you would prefer an alternative Full Season Plan seat location or would like to downgrade to an alternative 2009 Plan, you may decline your assignment online by accessing your "My Yankees Account" on www.yankees.com and selecting the "Account Settings" banner and clicking on "Personal Preferences." If you decline your assignment in this manner, the Yankees will consult the Relocation Program Questionnaire you have provided, if any, with respect to your Plan preferences and place you in a Plan pool in accordance with your preferences. Please remember, if you are in the Full Season Plan pool, the pool will be comprised of other Licensees of Full Season and "A" Plans who have declined their assignments and other Licensees who would like to upgrade to a Full Season Plan. If you have indicated on your Relocation Program Questionnaire that you would like to downgrade to a smaller Plan, you will instead be entered into the corresponding pool discussed under the "B Plan Licensees" or "Partial Season Plan Licensees" section of this Guide. If you have not provided a Relocation Program Questionnaire, you will be entered into the Full Season Plan pool automatically, unless you indicate a different preference when you decline. Please note that if you decline your assignment, that assigned location will be immediately forfeited and released into the available seats and there can be no assurance that such assigned location or any other requested location will be available to you at a later date.

Following the due date reflected on the invoice accompanying your initial assignment, all remaining seats, if any, available for Full Season Plans will first be offered to those Licensees participating in the Full Season Plan pool, based upon Seniority (including all applicable tie-breakers), regardless of the type of Plan maintained in the current Yankee Stadium. All determinations by the Yankees with respect to priority shall be final. The "Pool Participation Generally" section provides for a more detailed description, including examples of the pool process and payment instructions.

 CURRENT "B" PLAN LICENSEES

STEP 1 - SEATING ASSIGNMENT
If you licensed and maintained a "B" Plan for the 2008 Season, you will be assigned the same number of seats in a 41-Game Plan in the new Yankee Stadium as are included in your Plan at the end of the 2008 Season. In making assignments under the Relocation Program, the Yankees will, among other things, consider your seating preferences as indicated on your Relocation Program Questionnaire. Please note, however, that your assigned seat location will not likely be comparable to your current seat location in Yankee Stadium.

STEP 2 - ACCEPT OR DECLINE YOUR SEATING ASSIGNMENT
Upon receiving your 2009 Plan invoice, which will indicate your initial assigned seat location, you may either accept or decline the assignment. You must notify the Yankees by the due date reflected on the invoice as to whether you wish to accept or decline the assignment. Your options and the manner in which you may accept or decline your assignment are described below.

If you accept: If you wish to accept your assignment, please consult the invoice you will receive, which will indicate your assigned seat location, and submit your first 2009 Plan installment payment by the due date reflected on the invoice. You may make your payment online by accessing your "My Yankees Account" on www.yankees.com and selecting the "View/Pay Invoice" banner and following the instructions or by mail pursuant to the instructions included on the invoice. If you fail to make your first installment payment by the due date reflected on the invoice or fail to decline your assignment as described below (in order to request an alternative 41-Game Plan seat location or to downgrade to an alternative 2009 Plan), your assignment location will be forfeited without any further contact from the Yankees. If you decline: If you would prefer an alternative 41-Game Plan seat location or would like to downgrade to an alternative 2009 Plan, you may decline your assignment online by accessing your "My Yankees Account" on www.yankees.com and selecting the "Account Settings" banner and clicking on "Personal Preferences." If you decline your assignment in this manner, the Yankees will consult the Relocation Program Questionnaire you have provided, if any, with respect to your Plan preferences. If you have indicated on your Relocation Program Questionnaire that you would prefer a 41-Game Plan, you will then be entered into a pool comprised of other Licensees of 41-Game Plans who have declined their assignments and other Licensees who would prefer to switch to a 41-Game Plan. If you have indicated on your Relocation Program Questionnaire that you would prefer to downgrade to a Partial Season Plan, you will instead be entered into the corresponding pool discussed below under "Partial Season Plan Licensees." If you have not provided a Relocation Program Questionnaire, you will be entered into the 41-Game Plan pool automatically, unless you indicate a different preference when you decline. Please note that if you decline your assignment, that assigned location will immediately be forfeited and there can be no assurance that such assigned location or any other requested location will be available to you at a later date.

Following the due date set forth on the invoice reflecting your initial assignment, all remaining seats, if any, available for 41-Game Plans will first be offered to those Licensees participating in the 41-Game Plan pool based on the same priority criteria and in the same manner as described previously in the "Current Full Season and 'A' Plan Licensees" section of this Guide. All determinations by the Yankees with respect to priority shall be final. The "Pool Participation Generally" section provides a more detailed description, including examples, of the pool process and payment instructions.

 CURRENT PARTIAL SEASON PLAN LICENEES

STEP 1 - SEATING ASSIGNMENT
If you licensed and maintained a Partial Season Plan for the 2008 Season, you will be assigned the same number of seats in the new Yankee Stadium as are included in your Partial Season Plan at the end of the 2008 Season. In making assignments under the Relocation Program, the Yankees will, among other things, consider your seating preferences as indicated on your Relocation Program Questionnaire. Please note, however, that your assigned seat location will not likely be comparable to your current seat location in Yankee Stadium. Further, since the Partial Season Plans being offered for the 2009 Season in the new Yankee Stadium are not identical to the current Partial Season Plans, you will be given an opportunity on the Relocation Program Questionnaire to indicate the 2009 Partial Season Plan that you believe works best for you.

STEP 2 - ACCEPT OR DECLINE YOUR SEATING ASSIGNMENT
Upon receiving your 2009 Plan invoice, which will indicate your initial assigned seat location, you may either accept or decline the assignment. You must notify the Yankees by the due date reflected on the invoice as to whether you wish to accept or decline the assignment. Your options and the manner in which you may accept or decline your assignment are described below.

If you accept: If you wish to accept your assignment, please consult the invoice you will receive, which will indicate your seat location, and submit your first 2009 Plan installment payment by the due date reflected on the invoice. You may make your payment online by accessing your "My Yankees Account" on www.yankees.com and selecting the "View/Pay Invoice" banner and following the instructions or by mail pursuant to the instructions included on the invoice. If you fail to make your first installment payment by the due date reflected on the invoice or fail to decline your assignment as described below (in order to request an alternative Partial Season Plan seat location or to request an alternative 2009 Plan), your initial assignment location will be forfeited without any further contact from the Yankees.

If you decline: If you would prefer an alternative Partial Season Plan seat location or would like to request an alternative 2009 Plan, you may decline your assignment online by accessing your "My Yankees Account" on www.yankees.com and selecting the "Account Settings" banner and clicking on "Personal Preferences." If you decline your assignment in this manner, the Yankees will consult the Relocation Program Questionnaire you have provided, if any, with respect to your Plan preferences. If you have indicated on your Relocation Program Questionnaire that you would prefer to maintain a Partial Season Plan, you will then be entered into a pool comprised of other Licensees of Partial Season Plans who have declined their assignments and other Licensees who would prefer to switch to a Partial Season Plan. If you have not provided a Relocation Program Questionnaire, you will be entered into the Partial Season Plan pool automatically, unless you indicate a different preference when you decline. Please note that if you decline your assignment, that assigned location will immediately be forfeited and there can be no assurance that such assigned location or any other requested location will be available to you at a later date.

Following the due date set forth on the invoice reflecting your initial assignment, all remaining seats, if any, available for Partial Season Plans will be offered to those Licensees participating in the Partial Season Plan pool based on the same priority criteria and in the same manner as previously described in the "Current Full Season and "A" Plan Licensees" section of this Guide. All determinations by the Yankees with respect to priority shall be final. The "Pool Participation Generally" section provides a more detailed description, including examples, of the pool process and payment instructions.

 POOL PARTICIPATION GENERALLY

Although all Licensees may enter any of the Plan pools described in this Guide, all Plans are subject to availability and are not guaranteed to Licensees who decline their assignments and enter into a pool. You may be unable to license a Plan during the pool process if there is no seating inventory available for your selected Plan following assignment and fulfillment of the Plans for Licensees who have Seniority over you in the applicable Full Season, 41-Game or Partial Season Plan pool.

The following criteria will be used to break Seniority ties, in the following order: (i) the size (number of Games) of the Plan(s) maintained by the Licensee for the 2008 Season; (ii) the location of the Licensee's current seats (ranked from Field Championship seats down to Bleachers seats) in the Licensee's largest 2008 Plan; (iii) the section number of the Licensee's current seats (those closest to home plate receiving the highest priority) of the Licensee's largest 2008 Plan; (iv) row number, from the lowest to the highest, of the Licensee's current seats; (v) the number of seats in the Licensee's current Plan(s); and (vi) the seat numbers, from the lowest to the highest, of the Licensee's current Plan.

For example, if you have maintained your Full Season or "A" Plan (61 Games) in good standing for three consecutive years (including the 2008 Season) and a Licensee of a "B" Plan (46 Games) seeking to upgrade to a Full Season Plan has maintained such "B" Plan in good standing for four consecutive years (including the 2008 Season), the Licensee of the "B" Plan will have priority.

As another example, if you have maintained your "B" Plan in good standing for seven consecutive years (including the 2008 Season) with an initial license date of March 1, 2002, and a Licensee of a Partial Season Plan seeking to upgrade to a 41-Game Plan has maintained such Partial Season Plan in good standing for seven consecutive years (including the 2008 Season) with an initial license date of March 1, 2002, you will have priority over the Licensee of the Partial Season Plan because although you have the same Seniority (identical years of ownership and license date), creating a Seniority tie, the size of the Plan is the first priority tie-breaker and the "B" Plan (46 Games) contains more Games than any single Partial Season Plan.

If you have selected seats under the pool process, you must make the first 2009 Plan installment payment reflected online at your "My Yankees Account" on www.yankees.com within 72 hours of selection by clicking the "View/Pay Invoice" banner and following the instructions. If you fail to make your first installment payment within 72 hours (via credit card or otherwise), your selected location will be forfeited without any further contact from the Yankees.

 FAILURE TO RESPOND BY THE INVOICE DUE DATE

If you fail to accept or decline your assignment in the manner described in this Guide by the due date reflected on the invoice accompanying your assignment, you will have no right to license a Plan through the Relocation Program.

 OPTING OUT OF THE RELOCATION PROGRAM

You are not required to participate in the Relocation Program. Licensees may seek to license Plans, subject to availability, as well as tickets to individual Games, outside of the Relocation Program. However, due to the limited inventory of tickets and anticipated demand for tickets under the Relocation Program, you are strongly encouraged to participate in the Relocation Program. Any tickets licensed outside of the Relocation Program will likely result in your receiving a less desirable seating location than had you participated in the Relocation Program.

 PART 2 - SEAT ASSIGNMENT AND POOL PROCESS

1. Can I change my seat location from my initial assignment?
Yes. You may request an alternate seat location, however, you must decline your initial assignment. Your seats will then be forfeited and released. You will then be included in the respective Full Season Plan, 41-Game Plan or Partial Season Plan pool that you requested and there will be no guarantee that any requested seat location will be available. Please see pages 37, 39 and 41, respectively, for more information.

2. What happens if I do not respond to the Yankees by the due date reflected on the invoice that includes my assignment?
You will not be assured the opportunity to license a Plan pursuant to the Relocation Program. Please see page 43 for more information.

3. What if I am not satisfied with my initial assignment and I am a Full Season Plan Licensee?
If you conclude that your initial seat assignment and location are not satisfactory, you may elect to participate in either the Full Season Plan pool, 41-Game Plan pool or the Partial Season Plan pool. However, due to the limited inventory of tickets and anticipated demand for tickets under the Relocation Program, you are strongly encouraged to accept your initial assignment. Please see page 37 for more information.

4. What happens if I am a "B" Plan or Partial Season Plan Licensee who elects to participate in the Full Season Plan pool, but later decides that I do not wish to license a Full Season Plan?
When you are contacted by a Yankees representative as part of the Full Season Plan pool process and you decline to license a Full Season Plan, then the Yankees representative will discuss your 41-Game Plan and Partial Season Plan pool options. Please see page 35 for more information.

5. What if I am not satisfied with my initial assignment and I am a "B" Plan or Partial Season Plan Licensee?
If you conclude that your initial seat assignment and location are not satisfactory, you may elect to participate in either the 41-Game Plan pool or the Partial Season Plan pool. However, due to the limited inventory of tickets and anticipated demand for tickets under the Relocation Program, you are strongly encouraged to accept your initial assignment. Please see pages 39 and 41, respectively, for more information. Part 2: Seat Assignment and Pool Process

6. If I elect to participate in the Full Season Plan pool, 41-Game Plan pool or Partial Season Plan pool, am I guaranteed the ability to license a Plan at the new Yankee Stadium?
Although the Yankees will endeavor to provide every participant in each Plan pool with an offer to license a Plan, the Yankees cannot guarantee that seat locations will in fact be available within any particular pool due to limited inventory. Please see the answer to question 6 of Part X of the "Questions & Answers" section and page 42 for more information.

7. What criteria will be used to establish priority among Licensees in the Full Season Plan pool, 41-Game Plan pool and Partial Season Plan pool?
Within each pool, Licensees will first be prioritized by Seniority, with the highest priority assigned to Licensees with the most consecutive years as a Licensee. Within each year, Licensees will be further ranked by the date on which they, through the license of a Plan, commenced such consecutive ownership. In the event of ties in Seniority, Licensees will be further ranked according to the following criteria:

FIRST - AGGREGATE PLAN(S) SIZE Licensees will be ranked by the total size of all Plans (total number of Games within all Plans belonging to a single Licensee).

SECOND - SEAT LOCATION Licensees then will be ranked by the seat location(s) assigned to each Licensee's largest Plan in the current Yankee Stadium. The priority assigned to the sections in the current Yankee Stadium (from highest to lowest) will be: Field Championship, Loge Championship, Main Championship, Main Box MVP, Field Box, Loge Box MVP, Main Reserved MVP, Tier Box MVP, Main Box, Loge Box, Main Reserved, Tier Box, Tier Reserved MVP, Tier Reserved, Bleachers.

THIRD - SECTION NUMBER Licensees next will be ranked by section number of the Licensee's largest Plan, with sections closest to home plate receiving the highest priority.

FOURTH - TIE-BREAkERS If there are any Licensees who have the same priority after applying the above criteria, the following tie-breakers will be used to further rank Licensees: row number (from lowest to highest) total number of seats in all Plans belonging to a single Licensee and seat number (from lowest to highest).

All determinations by the Yankees with respect to priority shall be final. Please see page 42 for more information.

8. Can I visit the new Yankee Stadium to see my new seat location(s) before I make a commitment?
As a result of the ongoing construction at the new Yankee Stadium, in general, we will be unable to accommodate site visit requests, but you may access virtual views of seat locations in both the new Yankee Stadium and current Yankee Stadium via our web site, www.yankees.com. In addition, there will be a preview center at the current Yankee Stadium and at Rockefeller Center during the 2008 Season dedicated to the Yankees Premium Offerings. 16 See the "Pool Participation Generally" section of this Guide on page 42.

17 See the "Pool Participation Generally" section of this Guide on page 42.

18 See the "Pool Participation Generally" section of this Guide on page 42.


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