Page 6 - The Pitons Cup Slot Licensing Agreement

License as contemplated in clause 26, the Slot Licensors become aware of any matter, event or
occurrence that would have resulted in the Slot Licensors, in their absolute discretion, refusing to
grant the Slot License or provide their approval to any such dealing, then the Slot Licensors may,
in their absolute discretion, terminate the Slot License, refund any part of the License Fee paid to
date and offer a new Slot License to a different party (but are under no obligation to do so). For the
avoidance of doubt, the Slot Licensors’ right of termination extends to matters, events or
occurrences that occur before or after the relevant grant of Slot License or approval of dealing,
provided that the Slot Licensors were not aware of such matter, event or occurrence at the time
that the Slot License was granted or the prior approval was given.

29. The Slot Licensee does not have to be the owner of the horse that is entered by it to run in the
Race. However, the Slot Licensee is still required to comply with the Rules and Regulations of
Racing in respect of the horse that is entered by it to run in the Race, including but not limited to,
the declaration of the interests and shares of all parties in that horse which, for the avoidance of
doubt, includes the economic benefit of the Slot License (for example, where there is an agreement
as to prizemoney split). Further, the owner(s) and trainer of that horse (as notified to the Club) retain
all the rights and responsibilities under the Rules and Regulations of Racing. In the event of
disagreement between those parties and the Slot Licensee as to whether the horse should be
scratched for veterinary reasons, that matter will be determined by the Club’s veterinarian.

Default

30. In the event of an Insolvency Event in respect of the Slot Licensee or a material breach by a Slot
Licensee of these terms and conditions including, without limitation, any dealing in a Slot License
in breach of clauses 25 or 26 or a default by the Slot Licensee (“Defaulting Licensee”) in payment
of the Slot License Fee by the dates specified in clause 20, the Slot Licensors may:
a. terminate this Slot License (and any other Slot License or Option for a Slot License
held by the Defaulting Licensee);
b. recover any outstanding Slot License Fee(s) arising from termination of the Slot
License(s) as a debt due and payable to Club by the Defaulting Licensee including by
setting-off any monies due to the Defaulting Licensee by the Club. For the avoidance
of doubt, the Defaulting Licensee expressly consents to the set-off of any monies in
any Stakes Payment account that the Defaulting Licensee holds with the Club against
any outstanding Slot License Fee(s);
c. offer a new Slot License(s) to a different party (but is under no obligation to do so).

Nomination and acceptance of horse by Slot Licensee

31. The Slot Licensee is entitled to nominate and accept for one horse for the Race by the Race
Acceptances Date. The Slot Licensors have the absolute discretion to reject the nomination and
acceptance of a horse that is of a minimum standard of Stakes Class (Caribbean racing) or
Allowance/City Class (USA, Europe etc) standing.

32. The Slot Licensee is entitled to accept with their Selected Horse for the Support Feature by Race
Acceptances Date.

Scratchings and substitution
33. If Slot Licensee’s horse is scratched before 7.30am on the day of the Race:

2019 Slot License Agreement 6|Page