Page 8 - The Pitons Cup Slot Licensing Agreement

40. On or before the Race Acceptances Date, or for an international horse on or before the date of its
arrival in Saint Lucia, the Slot Licensee must ensure that the horse and the trainer, any assistant
trainer, the jockey, all track work riders, all stable hands, all veterinarians and all farriers to be
associated with the horse are licensed, registered or otherwise approved if required by the Slot
Licensors.

41. The Club may refuse the nomination and/or acceptance of any horse in the Race for any reason
permissible under the Rules and Regulations of Racing. Further, in the event that the nomination
and/or acceptance of a horse in the Race is refused, or the horse is scratched or disqualified by the
Club or its Stewards pursuant to the Rules and Regulations of Racing and other than in accordance
with clauses 33, 34 or 35, then the Rules and Regulations of Racing apply in respect of any
prizemoney.

42. If there are less than eight (8) 2019 Slots Licenses granted and paid for by 2nd October 2019 then
the Slot Licensors may, in their absolute discretion, cancel the Race, terminate this Slot License
Agreement and refund any instalment of the Slot License Fee paid by the Slot Licensee within 14
days.

43. The Slot Licensee expressly and irrevocably assigns exclusively to the Slot Licensors all intellectual
property, media rights and sponsorship rights in connection with the promotion of the Race, the
running of the Race and post-Race coverage of the Race including, without limitation, the name
and likeness of the Slot Licensee and any co-owners of any horse entered in the Race, and of
jockeys, trainers, colors, logos, silks and any other associated or identifying characteristics, as well
as any other matter relating to the participation of the horse in the Race. Promotion by the Slot
Licensors may include, without limitation, televising, broadcasting and/or recording in any manner
of the Race and the activities incident to them, and broadcasting (on any platform including digital
platforms), exhibiting and/or exploiting the same by any means now or hereafter including, without
limitation, licensing such rights to others for uses approved by the Slot Licensors. The Slot Licensee
hereby expressly, irrevocably and perpetually waives on its behalf and on behalf of its agents and
employees (including the trainers and jockeys) any and all rights it may have in connection with any
matter referred to in this clause. For the avoidance of doubt, this includes any such rights within
Saint Lucia and internationally. Further, the Slot Licensee expressly agrees to the terms and
conditions of the Privacy Policies of the Slot Licensors as published from time to time and expressly
agrees to the secondary disclosure of the Slot Licensor’s identity for any purpose related to the
Race, including but not limited to marketing or promotion of the Race and inclusion on any register
of Slot Licensees maintained by the Slot Licensors.

44. Nothing in this License Agreement creates a joint venture, agency, partnership or common
enterprise between the Slot Licensors and the Slot Licensee.

45. All claims and objections arising out of the application or interpretation of the Rules and Regulations
of Racing in relation to the Race, or these terms and conditions of the Race, except for disputes
that can be legally appealed, shall be decided solely by the Club in its absolute discretion.

46. The Slot Licensors shall have no legal liability for the actions of any party arising in connection with
the Race. The Slot Licensee releases, waives against and discharges the Slot Licensors, to the
fullest extent permitted under the law, from any claims, losses, obligations, costs and expenses
arising from or due to personal injuries or property damages of any kind or description to any person,
property or horses owned or controlled by the Slot Licensee occurring during the Race or related
to the Race.

2019 Slot License Agreement 8|Page