Page 5 - The Pitons Cup Slot Licensing Agreement
P. 5
21. Slot License Fees are to be paid to the Royal Saint Lucia Turf Club Limited as follows:
Bank Name: Bank of Saint Lucia
Bank address: 1 Bridge Street, PO Box 1860, Castries, St. Lucia
Beneficiary Name: Royal Saint Lucia Turf Club Limited
Beneficiary Address: Pointe Seraphine, Po Box 195, Castries, St. Lucia
Bank account number: 660005951 (XCD), 660006084 (USD)
Swift Code: BOSLLCLC
Please send a payment confirmation email or call your Club contact once the payment has been
processed.
22. A Slot License is only confirmed upon the full payment of the Slot License Fee.
23. The Club will keep a list of parties (“Reserve Slot Licensees”) that have expressed interest to be a
Slot Licensee but who were unable to secure a Slot License. These parties will be listed as reserved
in the order of their enquiry and offered any Slot Licensee that is not paid in full as stipulated in
Clause 20.
24. The Reserve Slot Licensees will be required to pay the Slot License Fee in full within 48 hours of
notification to secure any available Slot License.
Transfer, assignment or other dealings with Slot License
25. The Slot Licensee [and any person(s) holding an economic interest in the Slot License as
contemplated in clause 26)] can be any person or any number of persons or any entity or number
of entities approved by the Slot Licensors in writing in their absolute discretion.
26. The Slot License may, subject to the Slot Licensee obtaining the prior written approval of the Slot
Licensors (which may be given or withheld in the Slot Licensors’ absolute direction), be assigned,
transferred, joint ventured, leased or dealt with in other commercial ways at any time prior to the
Slot License Dealing Deadline.
27. Without limiting the Slot Licensors’ absolute discretion in clauses 25 and 26, the Slot Licensors can
refuse to provide their approval if the ownership structure or proposed dealing with the Slot License
(including, but not limited, to any dealing with the economic benefit of the Slot License) would or
may, in the opinion of the Slot Licensors, be in breach of the law or result in the Slot Licensors being
subjected to an undue compliance burden in order to comply with any legal or regulatory
requirements. Further, the Slot Licensee [and any person(s) holding an economic interest in the
Slot License as contemplated in clause 26 or any close associate) is not to have a beneficial interest
in more than two Slot Licenses in any year at any one time, without the written approval of the Slot
Licensors in their absolute discretion.
28. The Slot Licensee is to provide the Slot Licensors with all information and documents reasonably
required by them for the purposes of exercising their discretion under clauses 25 and 26, such
information and documents to be provided on a timely basis and within sufficient time for the Slot
Licensors to determine whether to provide their written approval by the Slot Dealing Deadline.
Further, if, after grant of the Slot License or the Slot Licensors’ approval of a dealing with the Slot
2019 Slot License Agreement 5|Page