§ 899-l. Prohibited conduct. 1. An athlete agent, with the intent to induce a student-athlete to enter into an agency contract, shall not: (a) give any materially false or misleading information or make a materially false promise or representation; (b) furnish anything of value to a student-athlete before the student-athlete enters into the agency contract; (c) furnish anything of value to any other individual or another registered athlete agent before the student-athlete enters into the agency contract; or (d) fail to notify the student-athlete before he or she signs or otherwise authenticates an agency contract for a particular sport that the signing or authentication may make the student-athlete ineligible to participate in that sport. The prohibitions contained within this subdivision shall not prohibit an athlete agent from sponsoring or furnishing equipment to an amateur athletic team through a government or not-for-profit entity registered with the secretary of state pursuant to section one hundred seventy-two of the executive law or entities exempt from article seven-A of the executive law pursuant to section one hundred seventy-two-a of the executive law, provided that sponsorship or equipment will not result in a student-athlete being rendered ineligible to participate in intercollegiate athletics. 2. An athlete agent shall not willfully: (a) initiate contact with a student-athlete unless registered pursuant to this article; (b) refuse or fail to retain or permit inspection of the records required to be retained by section eight hundred ninety-nine-k of this article; (c) fail to register when required by section eight hundred ninety-nine-c of this article; (d) provide materially false or misleading information in an application for registration or renewal of registration; or (e) predate or postdate an agency contract.