Document:

Sponsorship and Beverage Availability Agreement

 EXHIBIT 10.2 
 ***CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT UNDER RULE 24B-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

 EXECUTION VERSION 
 SPONSORSHIP & BEVERAGE AVAILABILITY AGREEMENT 
 -by and among- 
 BROOKLYN ARENA, LLC,

 NEW JERSEY BASKETBALL, LLC 
 -and- 
 JONES SODA CO.

 Dated 
 October 25, 2007 

 TABLE OF CONTENTS 
  

					
	  	  	 	  	Page
	 ARTICLE I    TERM
	  	1
	 Section 1.1
	  	 Term
	  	1
		
	 ARTICLE II    FEES
	  	2
	 Section 2.1
	  	 Rights Fees
	  	2
	 Section 2.2
	  	 Annual Fee Adjustment
	  	3
	 Section 2.3
	  	 Pro Rata Adjustments
	  	3
	 Section 2.4
	  	 Licensing
	  	3
		
	 ARTICLE III    ENTITLEMENTS; BEVERAGE AVAILABILITY
	  	3
	 Section 3.1
	  	 Construction Period Entitlements
	  	3
	 Section 3.2
	  	 New Jersey Team Sponsorship
	  	4
	 Section 3.3
	  	 Arena Rights Entitlements
	  	4
	 Section 3.4
	  	 Brooklyn Team Sponsorship
	  	4
	 Section 3.5
	  	 Beverage Availability
	  	4
	 Section 3.6
	  	 Beverage Merchandising
	  	6
	 Section 3.7
	  	 Collaboration
	  	5
		
	 ARTICLE IV    EXCLUSIVITY
	  	6
	 Section 4.1
	  	 Category Exclusivity
	  	6
	 Section 4.2
	  	 Exclusivity Exceptions
	  	7
		
	 ARTICLE V    TRADEMARKS
	  	8
	 Section 5.1
	  	 Trademarks
	  	8
		
	 ARTICLE VI    ARENA DEVELOPMENT AND OPERATION
	  	9
	 Section 6.1
	  	 Arena Development and Construction
	  	10
	 Section 6.2
	  	 Special Termination Right
	  	10
		
	 ARTICLE VII    FORCE MAJEURE; EMINENT DOMAIN
	  	10
	 Section 7.1
	  	 Effect of Force Majeure
	  	10
	 Section 7.2
	  	 Total Condemnation of Arena
	  	10
	 Section 7.3
	  	 Partial Condemnation of Arena
	  	10
		
	 ARTICLE VIII    REPRESENTATIONS AND WARRANTIES
	  	10
	 Section 8.1
	  	 Representations and Warranties of the Brooklyn Parties
	  	10
	 Section 8.2
	  	 Representations and Warranties of Sponsor
	  	11
		
	 ARTICLE IX    DEFAULT AND REMEDIES
	  	12
	 Section 9.1
	  	 Default by Sponsor
	  	12
	 Section 9.2
	  	 Rights and Remedies of the Brooklyn Parties
	  	12
	 Section 9.3
	  	 Default by the Brooklyn Parties
	  	12
	 Section 9.4
	  	 Rights and Remedies of Sponsor
	  	13
	 Section 9.5
	  	 Limitation of Damages
	  	13

  

 -i- 

					
	 ARTICLE X    INSURANCE
	  	13
	 Section 10.1
	  	 Insurance
	  	13
	 ARTICLE XI    GOVERNING LAW
	  	14
	 Section 11.1
	  	 Governing Law
	  	14
	 Section 11.2
	  	 Consent to Jurisdiction
	  	14
	 Section 11.3
	  	 Waiver of Jury Trial
	  	14
	 ARTICLE XII    CERTAIN DEFINED TERMS
	  	15
	 Section 12.1
	  	 Certain Defined Terms
	  	15
	 ARTICLE XIII    MISCELLANEOUS
	  	16
	 Section 13.1
	  	 Entire Agreement
	  	16
	 Section 13.2
	  	 Binding Effect; Successors
	  	16
	 Section 13.3
	  	 Third Party Beneficiaries
	  	16
	 Section 13.4
	  	 Press Releases
	  	16
	 Section 13.5
	  	 Severability
	  	16
	 Section 13.6
	  	 Cumulative Rights
	  	16
	 Section 13.7
	  	 Assignment by the Brooklyn Parties
	  	17
	 Section 13.8
	  	 Assignments by Sponsor
	  	17
	 Section 13.9
	  	 Prevailing Party Fees
	  	18
	 Section 13.10
	  	 Descriptive Headings; References
	  	18
	 Section 13.11
	  	 Notices
	  	18
	 Section 13.12
	  	 Counterparts
	  	19
	 Section 13.13
	  	 Amendments and Waivers
	  	19
	 Section 13.14
	  	 Separateness of the Brooklyn Parties
	  	20
	 Section 13.15
	  	 NBA Rules and Regulations; Other Rules and Laws
	  	20
	 Section 13.16
	  	 Interest
	  	21
	 Section 13.17
	  	 Means of Payment
	  	21
	 Section 13.18
	  	 Arena Lease
	  	21
	 Section 13.19
	  	 Exculpation
	  	21

  

 ii 

 INDEX OF DEFINED TERMS 
  

			
	 Defined Terms
	  	 Referenced Article or Section

	 Affiliate
	  	Article XII
	 Agreement
	  	Preamble
	 Approved Cups
	  	3.6(ii)
	 Arena
	  	Recitals
	 Arena Events
	  	Recitals
	 Arena Lease
	  	Recitals
	 Arena Rights Entitlements
	  	3.3
	 Assign
	  	13.7
	 Assignment
	  	13.7
	 Best’s Reports
	  	10.4
	 Beverage Competitor
	  	13.15(iii)
	 Beverage Concession Plan
	  	3.5(iii)
	 Beverage Equipment
	  	3.5(iii)
	 Beverage Equipment Loan Agreement
	  	3.5(iii)
	 Beverage Mix Target
	  	3.5(ii)
	 Brooklyn Arena
	  	Preamble
	 Brooklyn Arena Marks
	  	5.1
	 Brooklyn Parties
	  	Preamble
	 Brooklyn Party Default
	  	9.3
	 Brooklyn Party Marks
	  	5.1
	 Brooklyn Team Sponsorship Rights
	  	3.4
	 Business Day
	  	Article XII
	 Commencement Date
	  	Preamble
	 Construction Period Entitlements
	  	3.1
	 CSDs
	  	4.1(i)
	 Early Expiration Option
	  	1.1
	 Enhanced Water
	  	4.1(iii)
	 Expiration Date
	  	1.1
	 Entitlements
	  	Recitals
	 Exclusive Beverage Availability Rights
	  	4.1
	 Exclusive Category
	  	4.1
	 Fees
	  	2.1
	 Force Majeure
	  	Article XII
	 GABA Drinks
	  	4.1
	 Governmental Authority
	  	Article XII
	 Law
	  	Article XII
	 Licensed Product
	  	2.3
	 LOI
	  	Recitals
	 NBA
	  	Recitals

  

 iii 

			
	 NBAP
	  	13.15
	 NBA Rules and Regulations
	  	13.15
	 Nets
	  	Recitals
	 New Jersey Team Sponsorship Rights
	  	3.2
	 NJ Basketball
	  	Preamble
	 NJ Basketball Marks
	  	5.1
	 Opening Date
	  	1.1
	 Parties
	  	Preamble
	 Person
	  	Article XII
	 Sponsor
	  	Preamble
	 Sponsor Default
	  	9.1
	 Sponsor Marks
	  	5.1
	 Sponsor’s Products
	  	4.1
	 Team Occupancy Date
	  	3.2
	 Term
	  	1.1
	 Third Party Energy Drink Sponsorship
	  	2.2
	 Water
	  	4.1(ii)

  

 iv 

 SCHEDULES 
  

	
	 Schedule 3.1 - Construction Period Entitlements

	 Schedule 3.2 - New Jersey Team Sponsorship Rights

	 Schedule 3.3 - Arena Rights Entitlements

	 Schedule 3.4 - Brooklyn Team Sponsorship Rights

	
	 Exhibit A - [***] Agreement (see TAB 2)

  

 - v - 
 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 ***CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT UNDER RULE 24B-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. 
 SPONSORSHIP & BEVERAGE AVAILABILITY AGREEMENT 
 This Sponsorship & Beverage Availability Agreement
(this “Agreement”) is made and entered into as of this 25th day of October, 2007 (the “Commencement Date”) by and among (i) (a) Brooklyn Arena, LLC, a Delaware limited liability company
(“Brooklyn Arena”), and (b) New Jersey Basketball, LLC, a New Jersey limited liability company (“NJ Basketball”, and together with Brooklyn Arena, the “Brooklyn Parties” ), and
(ii) Jones Soda Co., a Washington corporation (“Sponsor”). Sponsor and the Brooklyn Parties are collectively referred to herein as the “Parties”. 
 W I T N E S S E T H: 
 WHEREAS, NJ Basketball owns the New Jersey Nets basketball team (the “Nets”), a franchise of the National Basketball Association (“NBA”), which currently plays its home games in the Continental Airlines
Arena, in East Rutherford, New Jersey; 
 WHEREAS, Brooklyn Arena, both directly and through its Affiliates, is developing and intends to
construct a first-class sports and entertainment arena on a site situated at the intersection of Atlantic Avenue and Flatbush Avenue in Brooklyn, New York (the “Arena”); 
 WHEREAS, subsequent to the completion of the Arena (i) NJ Basketball intends to relocate the Nets franchise to the Arena and thereafter play Nets
home games in the Arena, pursuant to the terms of a lease or license agreement by and between the Brooklyn Parties, as amended from time to time (the “Arena Lease”), and (ii) the Brooklyn Parties intend to host other major
spectator and participant events in the Arena (“Arena Events”); and 
 WHEREAS, the Parties desire that Sponsor, in
consideration of certain rights fees and other good and valuable consideration described herein, be entitled to certain sponsorship, promotional, media, hospitality and other rights and entitlements in association with the Arena and the Nets
(collectively, the “Entitlements”), all as more fully set forth herein. 
 NOW, THEREFORE, in consideration of the foregoing
and the mutual representations, warranties, covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby
agree as follows: 
 ARTICLE I 
 TERM 
 Section 1.1 Term. The term of this Agreement (the
“Term”) shall commence upon the Commencement Date and, unless earlier terminated or extended in accordance with its terms, shall expire on the date (the “Expiration Date”) which is the seventh (7th) anniversary of the Opening Date (as defined below); provided, however, that should the Opening Date occur during the pendency of a Nets
season, the Term shall be extended beyond the 7th anniversary of 

 
the Opening Date to cover the equivalent of seven (7) Nets seasons hereunder. The date on which Brooklyn Arena has obtained a temporary Certificate of
Occupancy for the Arena is the “Opening Date.” Notwithstanding the foregoing, Sponsor shall have the option to cause the expiration of this Agreement as of the fifth (5th) anniversary of the Opening Date (the “Early Expiration Option”) (i) by providing written notice to either of the Brooklyn Parties of its intent to exercise the Early Expiration Option no
later than eighteen (18) months prior to the fifth (5th) anniversary of the Opening Date and (ii) by making a payment to Brooklyn Arena in
the amount of $[***] at the time such written notice is delivered by Sponsor. 
 ARTICLE II 
 FEES 
 Section 2.1 Rights Fees.
Sponsor shall pay to the applicable Brooklyn Parties, in United States Dollars, the following non-refundable fees (collectively, the “Fees”) and value-in-kind (“VIK”) consideration: 
 (i) The New Jersey Team Sponsorship Rights fees (which shall be payable to NJ Basketball) in the amount of $[***], with the first year
payment due and payable in full upon the Commencement Date and such payment in each subsequent year of the Agreement through the Team Occupancy Date to be made on November 1. 
 In addition, Sponsor shall provide to NJ Basketball, on a VIK basis, $[***] worth of Sponsor’s beverage products (at Sponsor’s wholesale pricing) within the Exclusive Category (as defined below) in each year
between the Commencement Date and the Team Occupancy Date. The exact beverage product mix within the Exclusive Category shall be designated by Sponsor and the place and date(s) of delivery of such VIK product shall be mutually agreed upon by NJ
Basketball and Sponsor. 
 (ii) The Arena Rights Entitlements fees (which shall be payable to Brooklyn Arena) in the amount of
$[***] each year, due and payable in two (2) installments, with the first payment of $[***] due and payable no later than one hundred eighty (180) days prior to the scheduled Opening Date and the second payment of $[***] due and payable on
the actual Opening Date; thereafter the Arena Rights Fees shall be due and payable in advance in two (2) equal installments on April 1 and November 1 of each year throughout the Term. 
 In addition, Sponsor shall provide to Brooklyn Arena, on a VIK basis, $[***] of Sponsor’s beverage products (at Sponsor’s [***]) within the Exclusive Category
in each year between the Opening Date and the end of the Term. The exact beverage product mix within the Exclusive Category shall be designated by Sponsor and the place and date(s) of delivery of such VIK product shall be mutually agreed upon by
Brooklyn Arena and Sponsor. 
 (iii) The Brooklyn Team Sponsorship Rights fees in the amount of $[***] each year, payable in
two (2) installments, with the first payment of $[***] due and payable no later than one hundred eighty (180) days prior to the scheduled Team Occupancy Date and the second payment of $[***] due and payable on the actual Team Occupancy
Date; thereafter the Brooklyn Team Sponsorship fees shall be due and payable in advance in two (2) equal installments on April 1 and November 1 of each year throughout the Term. 
 The initial payment in Section 2.1(ii) and 2.1(iii), collectively, shall also be deemed to be sufficient consideration to the Brooklyn Parties for the Construction
Period Entitlements (as defined below) granted to Sponsor under Section 3.1 
  

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 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 Section 2.2 Annual Fee Adjustment. Excluding the Fee set forth in Section 2.1(i), the
Fees paid by Sponsor shall be increased annually by an amount equal to [***]), compounded on an annual basis, of such Fees for each year throughout the Term (the “Annual Fee Adjustment”). 
 In addition, if, between the Opening Date and the end of the Term, either of the Brooklyn Parties [***] a [***] with a [***] and [***] as a [***] (e.g., the right of the
[***] to [***] a [***] pursuant to a [***] with the [***] (a “[***]”), the [***] will be [***] by $[***] in each year of the Agreement through the remainder of the Term beginning with the [***] of a [***]. 
 Section 2.3 [***]. The [***] and [***] shall be [***] on a [***] to accommodate for the Team Occupancy Date occurring during the pendency of
a Nets season. In such instance, the New Jersey Team [***] (and [***]) and the Brooklyn Team Sponsorship Rights fees [***] be [***] on a [***] to [***] for the [***] of [***] the Nets play its home games in each of its New Jersey arena and in the
Arena in such Nets season. 
 Section 2.4 Licensing. If Sponsor [***] a [***] (as [***]) under this Agreement, either Brooklyn
Arena or NJ Basketball (as designated by the Brooklyn Parties) shall be [***] to [***] of [***] to $[***] by [***] from such [***] for each [***]. The [***] to be paid to the designated Brooklyn Party [***] be [***] on a [***] with respect to
each such [***]. For the avoidance of any doubt, any [***] under this Section 2.4 shall be subject to NBA Rules and Regulations (as defined below; see Section 13.15). 
 “[***]” means a [***] where a [***] is the [***] depicted. For the avoidance of doubt, a [***] that contains a [***] in a secondary fashion [***] to communicate [***] with either of the Brooklyn
Parties, and with a [***] being the [***] on the [***] be [***] a [***]. 
 ARTICLE III 
 ENTITLEMENTS 
 Section 3.1
Construction Period Entitlements. During the period between the Commencement Date and the Opening Date, each of the Brooklyn Parties, as applicable, shall provide to Sponsor, and Sponsor shall be entitled to the Entitlements set forth on
Schedule 3.1 (the “Construction Period Entitlements”). 
  

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 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 Section 3.2 New Jersey Team Sponsorship. During the period between the Commencement Date and the
date on which the Nets begin using the Arena as their home arena for the performance of NBA games (the “Team Occupancy Date”), NJ Basketball shall provide to Sponsor, and Sponsor shall be entitled to the Entitlements set forth on
Schedule 3.2 (the “New Jersey Team Sponsorship Rights”). 
 For the Nets participation in the NBA playoffs during the Term applicable to
this Section 3.2, the New Jersey Team Sponsorship Rights will automatically be extended to Sponsor; provided, however, that, incremental to the Fees, Sponsor will be charged the amounts specified in Schedule 3.2 for each
applicable Entitlement on a per playoff game basis, for the New Jersey Team Sponsorship Rights it receives in each such home playoff game. Such fees shall not include tickets, which shall be at playoff rates. NJ Basketball will invoice Sponsor for
the New Jersey Team Sponsorship Rights conveyed during each NBA playoffs during the Term applicable to this Section 3.2 on a net, 30-day basis after completion of the Nets’ participation in each such NBA playoffs. 
 Section 3.3 Arena Rights Entitlements. During the period between the Opening Date and the end of the Term, Brooklyn Arena shall provide to
Sponsor, and Sponsor shall be entitled to the Entitlements set forth on Schedule 3.3 (collectively, the “Arena Rights Entitlements”). The Brooklyn Parties shall pay all costs of fabrication, construction, installation, and operation
of all signage set forth in Schedule 3.3 and of all associated collateral in the Arena that bear any Sponsor Mark. The parties acknowledge and agree that all signage, displays and other items that are intended to be displayed in or on the Arena, are
subject to compliance with all applicable governmental rules, regulations, requirements and approvals. 
 Section 3.4 Brooklyn Team
Sponsorship. During the period between the Team Occupancy Date and the end of the Term, NJ Basketball shall provide to Sponsor, and Sponsor shall be entitled to the Entitlements set forth on Schedule 3.4 (the “Brooklyn Team Sponsorship
Rights”). 
 For the Nets participation in the NBA playoffs during the Term applicable to this Section 3.4, the Brooklyn Team Sponsorship
Rights will automatically be extended to Sponsor; provided, however, that, incremental to the Fees, Sponsor will be charged the amounts specified in Schedule 3.2 for each applicable Entitlement, on a per playoff game pro rata basis, for the Brooklyn
Team Sponsorship Rights it receives in each such home playoff game. NJ Basketball will invoice Sponsor for the Brooklyn Team Sponsorship Rights conveyed during each NBA playoffs during the Term applicable to this Section 3.4 on a net,
30-day basis after completion of the Nets’ participation in each such NBA playoffs. 
 Section 3.5 Beverage Availability.

 (i) Any beverages within the Exclusive Category served or sold at the Arena during the Term shall be Sponsor’s
Products. Brooklyn Arena shall, and shall cause its Arena concessionaire and agents to, purchase all Sponsor’s Products sold, served, or dispensed at the Arena from Sponsor (or its designated co-packer or distributor). 
  

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 (ii) Brooklyn Arena (and its concessionaire), shall determine which Sponsor Products are
to be sold, served, or dispensed at the Arena; provided, however, that Brooklyn Arena agrees that exclusive of Sponsor Products sold, served or dispensed in the Arena retail area to be known as the “Jones Soda Shoppe,” the
targeted mix between Sponsor Products to be sold, served or dispensed at the Arena shall be [***] % fountain and [***] % bottle/can (the “Beverage Mix Target”). Brooklyn Arena agrees to discuss with Sponsor every six (6) months
when requested by Sponsor (as of the Commencement Date) to determine whether the Beverage Mix Target should be adjusted based upon general consumer demand for beverages within the Exclusive Category. 
 (iii) [***] to [***] the [***] to the Opening Date (at a [***] by [***]), at [***], all [***] and [***] (and [***] such as [***])
(collectively, the “[***]”) reasonably [***] to [***] and/or [***] Sponsor’s Products in the Arena, including, as applicable and without specific limitation, at [***], and luxury suite service (collectively, the
“[***]”); provided, however, that, if, at any time after the Opening Date, [***] that additional [***] is [***] to accommodate for[***] at the [***] for [***] (as defined below), [***] to [***] and [***] at [***] such
[***] (and [***] and such [***]). 
 Periodically during the period between the Commencement Date and the Opening Date, Brooklyn Arena shall keep Sponsor
apprised of the [***] and [***] to [***] with [***] (as reasonably requested by [***]) in the development of the [***]. 
 Prior to the Opening Date and
delivery of the [***] to the [***], Brooklyn Arena and Sponsor shall, consistent with the other [***] of this [***], agree on [***] for the [***] of the [***] by [***] to [***], which shall be in the form attached as Exhibit A to this Agreement
(see TAB 2 – the “[***] ). 
 (iv) Prior to the Opening Date, Brooklyn Arena (in
coordination with Brooklyn Arena’s concessionaire as determined by Brooklyn Arena) and Sponsor will mutually agree in good faith on the [***] will [***] to Brooklyn Arena’s concessionaire for Sponsor’s Products to be sold in the Arena
by Brooklyn Arena’s concessionaire (i.e., fountain product syrup and bottle/can); provided, however, that in no instance will [***] such [***] than it [***] to [***] venues or properties in the [***] of the [***]. If no [***] or
[***], Brooklyn Arena and Sponsor will [***] a [***] or [***] in the [***] most [***] to the [***] of the [***] for such [***]. 
 Section 3.6 Beverage Merchandising. Sponsor has the right to merchandise Sponsor’s Products at the Arena, including the following specific rights: 
 (i) Menuboard Advertising; Beverage Equipment. Sponsor’s Marks (as defined below) of Sponsor’s Products shall be
prominently listed on (x) the menuboards of all Arena concession stands serving Sponsor’s Products and (y) Beverage Equipment. 
 (ii) Approved Cups. All Sponsor’s Products that are fountain-based and served, sold, or dispensed at the Arena concession stands shall be in “Approved Cups” (i.e., cups 

  

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 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 
to be co-branded with a Sponsor’s Mark and the mark for the name of the Arena) or in promotional containers designed or approved in writing by Sponsor.
The Brooklyn Parties or their concessionaires shall be responsible for all costs associated with the design, manufacture, delivery, and supply of Approved Cups, except that Sponsor shall bear the cost of any necessary approvals as contemplated by
this subsection (ii). 
 Section 3.7 Collaboration. The Brooklyn Parties will collaborate in good faith with Sponsor throughout
the Term in connection with Sponsor’s efforts to increase the relevance and distribution of Sponsor’s Products in the greater New York metropolitan area, including, without limitation, the Brooklyn Parties’ assistance in the
development of Sponsor customer loyalty programs with Nets season ticket holders and other customer oriented programs. 
 ARTICLE IV

 EXCLUSIVITY 
 Section
4.1 Category Exclusivity. From the Opening Date through the end of the Term, and for so long as Sponsor is not in default of this Agreement, subject to Section 4.2 below and Section 13.15 below, neither Brooklyn Arena nor NJ
Basketball shall: (a) display (or cause or authorize the display of) signage or other advertisements in the Arena or on the Arena premises, nor engage in sponsorship or promotional activities for or concerning beverage products in the Exclusive
Category other than beverage products in the Exclusive Category of or concerning Sponsor; (b) grant any form of trademark visibility or promotional or advertising rights to any beverage products in the Exclusive Category other than beverage
products in the Exclusive Category of or concerning Sponsor; (c) grant advertising or promotion rights - including use of the Brooklyn Party Marks - to any third party in a way that permits a third party to use such rights in association with
beverage products in the Exclusive Category other than beverage products in the Exclusive Category of or concerning Sponsor; (d) permit any Nets player or other NJ Basketball employee to use the Brooklyn Party Marks to sponsor or endorse any
beverage product in the Exclusive Category other than beverage products in the Exclusive Category of or concerning Sponsor; or (e) grant any third party the right to conduct promotions involving beverages in the Exclusive Category or related
beverage products (by way of illustration but not limitation, coolers), including promotions that relate primarily to non-beverage products that involve a beverage product in the Exclusive Category other than beverage products in the Exclusive
Category of or concerning Sponsor. In connection therewith, Sponsor acknowledges that the Entitlements granted hereby shall relate only to Sponsor’s products or services within the Exclusive Category and that Sponsor shall have no rights to
Entitlements outside the Exclusive Category. 
 In addition, Sponsor’s beverage products within the Exclusive Category shall be the only beverage
products served or sold within the Arena or on the Arena premises (the “Exclusive Beverage Availability Right”). 
 The “Exclusive
Category” shall include the following nonalcoholic beverages: 
 (i) carbonated soft drinks (“CSDs”);

  

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 (ii) packaged water (i.e., labeled as a “water”, but non-carbonated and with no
nutritive or non-nutritive sweeteners or other additives) (“Water”); 
 (iii) enhanced water (i.e., labeled
as a “water”, but containing as additives, carbonation, nutritive or non-nutritive sweeteners, vitamins or minerals) (“Enhanced Water”); and 
 (iv) beverage products marketed for their energy enhancement properties and containing gamma-aminobutyric acid (“GABA
Drinks”); for the avoidance of doubt and without specific limitation, (y) any “tea” products and (z) beverage products marketed as “energy” drinks that contain caffeine, are in no instance deemed to be within
the Exclusive Category. 
 Sponsor’s beverage products within the Exclusive Category shall be refereed to as “Sponsor’s Products.”

 For the avoidance of doubt, the only beverages within the Exclusive Category are CSDs, Water, Enhanced Water, and GABA Drinks. 
 Section 4.2 Exclusivity Exceptions. Sponsor agrees that the exclusivity described in Section 4.1 is limited as follows: 
 (i) This Agreement is based on the understanding that [***] are [***] to [***] to [***] or [***] in the [***], and not [***] for which
[***] or [***] of the [***] or may have [***] to [***] or [***], including [***] in such [***]. 
 (ii) [***] that its [***]
does not apply to and [***] not be [***] from, [***] of [***] or [***] in the [***] (other than those of Sponsor) if [***] by the [***] or [***] of a [***] by a [***], or other [***]. The exception in this Section 4.2(ii) shall not apply to the
Exclusive Beverage Availability Right. 
 (iii) [***] that its [***] does not apply to, and [***] not be [***] for [***] or
[***] in the [***] which are [***] by a [***], even if such [***] or its [***] are within the [***] and understands that [***] or [***] of such [***] may require [***] of [***] (which shall be limited to the [***] by the [***] and [***] as part of
its [***] of the [***] or [***] or other [***] (e.g., a [***] of the [***] by the [***] or the [***] or [***] or other [***] to the [***] for the event) other than those of Sponsor which are within the Exclusive Category, and/or removal or other
obstruction of [***] or other [***]. The exception in this Section 4.2(iii) shall not apply to the Exclusive Beverage Availability Right. 
 (iv) [***] that [***] the [***] may [***] the [***] as [***] for [***]. Such [***] shall include, by way of example and without limitation, a [***] or [***], or a [***]. Moreover, [***] that such [***] may [***] in
the [***], for [***] of [***] and in conjunction with such [***]. Such [***] may include [***] of [***] of [***] in the [***]. In such case, [***] not [***]. The exception in this Section 4.2(iv) shall not apply to the Exclusive Beverage
Availability Right. 
  

 - 7 - 
 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 (v) [***] its [***] not [***] to, and [***] and [***] not be [***] within the [***] of
the [***], so long as such [***] and the [***] of such [***] (by way of example but not limitation, in a [***] by [***] of the [***] do not [***] or [***] of any of the [***] or [***] or suggest any [***] by or [***] with [***] or [***]. 

(vi) [***] its [***] apply to, and [***] and [***] (but in the case of [***] such acknowledgement applies solely with respect to [***]
the [***]) shall not be [***] by [***] of [***], so long as [***] and the [***] do [***] or [***] of any of the [***] or [***] or [***] any [***] by or [***] the [***] or [***]. The exception in this Section 4.2(vi) shall not apply to the
Exclusive Beverage Availability Right. 
 (vii) [***] that [***] to, and that [***] may be [***]: (a) in the case of NBA
league sponsors advertising during broadcasts of Nets games pursuant to the NBA’s national broadcasting agreements, or as mandated by any NBA Rules and Regulations, or (b) in the case of sponsors advertising during broadcasts of other
Arena Events which are subject to other similar sanctioning bodies and governing authorities (e.g., NCAA, NHL, US Olympic Committee or International Olympic Committee) or as mandated by the rules and regulations of such other sanctioning bodies and
governing authorities. The exception in this Section 4.2(vii) shall not apply to the Exclusive Beverage Availability Right. 
 ARTICLE V

 TRADEMARKS 
 Section
5.1 Trademarks. 
 (i) Limited License to Use Sponsor’s Trademarks for Promotional Purposes. Sponsor hereby
grants to the Brooklyn Parties a limited license to use the tradenames, trademarks, service marks and logos (collectively, “Sponsor Marks”) of Sponsor, on a [***], for advertising, marketing and promotional endeavors directly
related to the Arena and the Nets. Use of the Sponsor Marks associated with these activities shall be subject to prior written approval by Sponsor, including all artwork using the Sponsor Marks, and with such usage solely to fulfill Brooklyn
Parties’ obligations under this Agreement. Sponsor hereby agrees to indemnify, defend and hold each of the Brooklyn Parties, including their respective members, managers, officers, employees and agents, from any and all losses, damages, claims,
actions, liabilities, costs and expenses (including reasonable attorneys fees) arising from any third party claim alleging that the Sponsor Marks infringe upon the intellectual property rights of such third party (provided such alleged infringement
does not arise out of the unauthorized or misuse of the Sponsor Marks). 
 (ii) Brooklyn Parties’ Trademarks.

 (a) During the Term, Sponsor will have the limited right to utilize the tradenames, trademarks, service marks and logos of
NJ Basketball (“NJ Basketball Marks”) in conjunction with Sponsor’s advertising, marketing, and promotional endeavors. Use of the NJ 
  

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 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 
Basketball Marks associated with these activities shall be [***] to the [***] local [***] as [***] by the [***] (as of the Commencement Date, [***] out from
the [***] of the [***] of [***] and shall be subject to prior written approval by the Nets and the NBA and to the NBA Rules and Regulations, including all artwork using the NJ Basketball Marks, which shall not be unreasonably withheld. As it relates
to NJ Basketball only and not to the NBA, withholding approval shall be deemed reasonable only if NJ Basketball reasonably determines that the use of the NJ Basketball Marks are nonconforming (e.g., improper color or trademark nonconformity), or
reasonably determines that such use would have an adverse impact on the public image or public relations of NJ Basketball. If NJ Basketball does not respond to a request for approval from Sponsor within [***] Business Days, then Sponsor may deliver
notice to NJ Basketball regarding such failure to approve, and if NJ Basketball does not respond within [***], then such request for approval shall be deemed granted (subject any required NBA approval). Any response to a request for approval denying
such request shall explain with reasonable specificity the reason for denying approval. 
 (b) During the Term, Sponsor will
have the limited right to utilize, on a [***], the tradenames, trademarks, service marks and logos of Brooklyn Arena (“Brooklyn Arena Marks”; the NJ Basketball Marks and the Brooklyn Arena Marks are sometimes collectively referred
to as the “Brooklyn Party Marks”) in conjunction with Sponsor’s advertising, marketing, and promotional endeavors. Use of the Brooklyn Arena Marks associated with these activities shall be subject to prior written approval by
Brooklyn Arena (which shall also be responsible for securing any necessary consents from Barclays as well), including all artwork using the Brooklyn Party Marks, , which shall not be unreasonably withheld. Withholding approval shall be deemed
reasonable only if Brooklyn Arena reasonably determines that the use of the Brooklyn Arena Marks are nonconforming (e.g., improper color or trademark nonconformity), or reasonably determines that such use would have an adverse impact on the public
image or public relations of Brooklyn Arena. If Brooklyn Arena does not respond to a request for approval from Sponsor within [***] Business Days, then Sponsor may deliver notice to Brooklyn Arena regarding such failure to approve, and if Brooklyn
Arena does not respond within [***], then such request for approval shall be deemed granted. Any response to a request for approval denying such request shall explain with reasonable specificity the reason for denying approval. 
 (c) The Brooklyn Parties hereby agree to indemnify, defend and hold Sponsor, including its respective directors, officers, employees and
agents, from any and all losses, damages, claims, actions, liabilities, costs and expenses (including reasonable attorneys fees) arising from any third party claim alleging that the Brooklyn Parties Marks infringe upon the intellectual property
rights of such third party. 
  

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 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 ARTICLE VI 
 ARENA DEVELOPMENT AND OPERATION 
 Section 6.1 Arena Development and Construction. Brooklyn
Arena shall develop, construct and complete (or cause the development, construction and completion of) the Arena as a first class NBA sports/entertainment arena. 
 Section 6.2 Special Termination Right. If the Opening Date has not occurred by November 1, 2012, Sponsor shall have, as its sole and exclusive remedy, the right to terminate this Agreement by written
notice to the Brooklyn Parties delivered by not later than December 31, 2012. 
 ARTICLE VII 
 FORCE MAJEURE; EMINENT DOMAIN 
 Section 7.1 Effect of Force Majeure. If a Party is unable to perform its obligations under this Agreement due to a Force Majeure event (as such term is defined in Section 12.1) (other than a payment obligation hereunder), upon
notice to the other Parties, such Party’s obligations shall be abated for the duration of the Force Majeure event. 
 Section 7.2
Total Condemnation of Arena. If the Arena, substantially all of the Arena, or the right of either of the Brooklyn Parties to occupancy or possession of the Arena, shall be taken by eminent domain or condemnation by any Governmental Authority
for any public or private use or purpose, the Term shall terminate upon the earlier of (i) the date when the possession of the portion of the Arena or right so taken shall be required for such use or purpose or (ii) the effective date of
the taking. In such event, the Fees paid or due shall be apportioned as of the date of such taking or condemnation. 
 Section 7.3 Partial
Condemnation of Arena. If less than all or substantially all of the Arena shall be taken or condemned by any Governmental Authority for any public or private use or purpose, and Brooklyn Arena determines, in its sole discretion, within a
reasonable period of time after such taking or condemnation, that the remaining portion of the Arena cannot economically and feasibly be used to host the Nets for playing NBA basketball games, then this Agreement may, in such case, be terminated by
Brooklyn Arena by written notice, and the Fees paid or due for the period during which the taking occurs shall be apportioned as of the date of such taking or condemnation. 
 ARTICLE VIII 
 REPRESENTATIONS AND WARRANTIES 
 Section 8.1 Representations and Warranties of the Brooklyn Parties. Each of the Brooklyn Parties, severally and not jointly, represents and
warrants to Sponsor as follows: 
 (i) Organization; Power and Authority. Brooklyn Arena is a Delaware limited
liability company and NJ Basketball is a New Jersey limited liability company, and each is duly formed and validly existing in good standing under the laws of its state of organization and has 

  

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full power and authority to carry on its operations now being conducted and to consummate the transactions contemplated by this Agreement. 
 (ii) Due Execution; Binding Agreement. The execution, delivery and performance of this Agreement by such Brooklyn Party has been
duly and validly approved by all necessary action of such Brooklyn Party and its members. This Agreement has been duly executed and delivered by such Brooklyn Party and constitutes the valid and binding agreement of each such Brooklyn Party
enforceable in accordance with its terms, except as the same may be limited by bankruptcy or other laws relating to the enforcement of creditors’ rights and the application of general principles of equity. 
 (iii) No Consents or Conflicts. The execution, delivery and performance by such Brooklyn Party of this Agreement and the
consummation by such Brooklyn Party of the transactions contemplated hereby: (a) require no consent, waiver, agreement or approval of any Person, except for approval by the NBA and NBA Properties (“NBAP”), which approval is
being obtained contemporaneously with the execution of this Agreement, and (b) do not and will not (1) conflict with or violate any provision of the certificate of formation or operating agreement of such Brooklyn Party,
(2) contravene or conflict with or constitute a violation of any provision of any Law binding upon or applicable to such Brooklyn Party, or (3) result in a violation or breach of, or constitute (with or without notice or lapse of time or
both) a default under any of the terms, conditions or provisions of any material note, bond, mortgage, indenture, lease, license, contract, agreement or other instrument or obligation to which such Brooklyn Party is a party or any of its respective
properties or assets may be bound, which conflict would prevent such Brooklyn Party’s ability to perform its obligations hereunder; provided, that the Parties acknowledge that the Arena as a venue for NJ Basketball “home” NBA
games, the relocation of NJ Basketball to the Arena, and the Arena Lease are subject to NBA approval. 
 Section 8.2 Representations and
Warranties of Sponsor. Sponsor represents and warrants to the Brooklyn Parties as follows: 
 (i) Power and
Authority. Sponsor is a corporation duly organized and validly existing in good standing under the laws of Washington and has full power and authority to carry on its operations now being conducted and to consummate the transactions contemplated
by this Agreement. 
 (ii) Due Execution; Binding Agreement. The execution, delivery and performance of this Agreement
by Sponsor has been duly and validly approved by all necessary action of Sponsor. This Agreement has been duly executed and delivered by Sponsor and constitutes the valid and binding agreement of Sponsor enforceable in accordance with its terms,
except as the same may be limited by bankruptcy or other laws relating to the enforcement of creditors’ rights and the application of general principles of equity. 
 (iii) No Consents or Conflicts. The execution, delivery and performance by Sponsor of this Agreement and the consummation by
Sponsor of the transactions contemplated hereby: (a) require no consent, waiver, agreement or approval of any Person except as set forth herein, and (b) do not and will not (1) contravene or conflict with or constitute a violation of
any 

  

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provision of any Law binding upon or applicable to Sponsor, or (2) result in a violation or breach of, or constitute (with or without notice or lapse of
time or both) a default under any of the terms, conditions or provisions of any material note, bond, mortgage, indenture, lease, license, contract, agreement or other instrument or obligation to which Sponsor is a party or any of its respective
properties or assets may be bound which conflict would prevent Sponsor’s ability to perform its obligations hereunder. 
 ARTICLE IX

 DEFAULT AND REMEDIES 
 Section 9.1 Default by Sponsor. The occurrence of one or more of the following matters shall constitute a default by Sponsor (a “Sponsor Default”): 
 (i) Sponsor’s failure to pay any of the Fees when due within [***] days after notice by either of the Brooklyn Parties specifying the
amounts due. 
 (ii) Sponsor’s failure to pay any other amounts when due to the Brooklyn Parties hereunder, within [***]
days after notice by either of the Brooklyn Parties specifying the failure and demanding that it be corrected. 
 (iii)
Sponsor’s failure to perform or comply with any other material term or condition of this Agreement and such non-performance shall continue for a period of [***] days after notice by either of the Brooklyn Parties to Sponsor specifying the
failure and demanding that it be corrected; provided, however, if Sponsor has taken reasonable steps to cure such failure within such [***] days, but the failure is of a type or character which is not reasonably susceptible of cure
within such [***] days, but would be capable of cure by Sponsor using reasonable efforts, Sponsor shall have such additional time as may be necessary in order to effect such cure, but not to exceed an additional [***] days. 
 Section 9.2 Rights and Remedies of the Brooklyn Parties. Upon the occurrence of a Sponsor Default, the Brooklyn Parties shall have the right to do
any one or more of the following: (i) enforce the specific remedies provided for herein, (ii) recover all damages provided by law or in equity; (iii) exercise any other right or remedy at law or in equity, including obtaining an
injunction or order of specific performance and (iv) terminate this Agreement. 
 Section 9.3 Default by the Brooklyn Parties.
The occurrence of one or more of the following matters shall constitute a default by the applicable Brooklyn Party (a “Brooklyn Party Default”): 
 (i) Either of the Brooklyn Parties’ failure to pay any amounts when due to Sponsor hereunder within [***] days after notice by
Sponsor specifying the failure and demanding that it be corrected. 
  

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 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 (ii) Either of the Brooklyn Parties’ failure to perform or comply with any other
material term or condition of this Agreement and such non-performance shall continue for a period of [***] days after notice by Sponsor to the Brooklyn Parties specifying the failure and demanding that it be corrected; provided,
however, if the Brooklyn Parties have taken reasonable steps to cure such failure within such [***] days, but the failure is of a type or character which is not reasonably susceptible of cure within such [***] days, but would be capable of
cure by the Brooklyn Parties using reasonable efforts, the Brooklyn Parties shall have such additional time as may be necessary in order to effect such cure, but not to exceed an additional [***] days. 
 Section 9.4 Rights and Remedies of Sponsor. Upon the occurrence of a Brooklyn Party Default, Sponsor shall have the right to do any one or more of
the following: (i) enforce the specific remedies provided for herein, (ii) recover all damages provided by law or in equity; (iii) exercise any other right or remedy at law or in equity, including seeking an injunction or order of
specific performance, except for remedies expressly provided herein to be sole and exclusive remedies; and (iv) upon repeated and recurring Brooklyn Party Defaults after expiration of all applicable notice and cure periods, if any, provided for
herein, Sponsor shall have the right to terminate this Agreement, but only if [***] and/or [***] by the Brooklyn Parties are [***] a [***] and [***] for [***]. In [***] have the right to [***], except as [***] in [***], and [***]. 
 Section 9.5 Limitation of Damages. Notwithstanding anything to the contrary contained herein, in no event shall a Party be liable to the other
Party for any consequential or indirect damages which the other Party may suffer, nor any punitive, special exemplary or similar damages, including but not limited to any such damages for loss of use, loss of business, loss of profit, even if
advised of the possibility of such damages or if such damage could have been reasonably foreseen. 
 ARTICLE X 
 INSURANCE 
 Section 10.1
Insurance. Throughout the Term, Sponsor shall carry and maintain the following insurance coverages and coverage amounts: 
 (i) Commercial General Liability Insurance in an amount of not less than $5,000,000 per occurrence and in the aggregate (per location), covering bodily injury (including death), personal injury, defamation, property damage including loss of
use, contractual liability, and products/completed operations. 
  

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 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of 1934, as amended.

 (ii) Umbrella Liability Insurance in excess of the coverages in subsection (i) above
in an amount of not less than $10,000,000, with any aggregate to apply in the same manner as the underlying insurance. 
 All such insurance shall be
obtained from financially sound carriers which possess an A (Excellent) rating or better and a minimum Class X financial size category as listed at the time of issuance by A.M. Best Insurance Reports (“Best’s Reports”), with
the aforesaid rating classifications to be adjusted if and to the extent the Best’s Reports adjusts its ratings categories and may be maintained through blanket policies. Sponsor shall name the Brooklyn Parties as additional insureds. The
insurance policies shall provide that coverage may not be cancelled without the insurer giving at least 30 days prior notice to the Brooklyn Parties. The Sponsor shall not cancel any required insurance policy or waive or amend any material provision
of the same without the prior written consent of the Brooklyn Parties, which consent shall not be unreasonably withheld. Upon the reasonable request of the Brooklyn Parties, the Sponsor shall deliver to the Brooklyn Parties a certificate of
insurance or other appropriate evidence of maintenance of its respective insurance coverage required under this Agreement including copies of insurance policies. 
 ARTICLE XI 
 GOVERNING LAW 
 Section 11.1 Governing Law. This Agreement and all other documents to be entered into in connection with the transactions contemplated hereby
shall be governed by, and construed and enforced in accordance with, the substantive laws of the State of New York without regard to its principles of conflicts of law. 
 Section 11.2 Consent to Jurisdiction. The Parties consent and submit to the exclusive jurisdiction of the United States District Court for the Southern District of New York or the Supreme Court for the State of
New York, New York County, in connection with the enforcement of this Agreement and all other documents to be entered into in connection with the transactions contemplated hereby. 
 Section 11.3 WAIVER OF JURY TRIAL. THE PARTIES WAIVE ANY RIGHTS TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY ANY OF
THE PARTIES AGAINST ANY OTHER PARTY ON, OR IN RESPECT OF, ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS AGREEMENT OR ANY DOCUMENT OR INSTRUMENT DELIVERED IN CONNECTION WITH THIS AGREEMENT, THE RELATIONSHIP OF PARTIES
HEREUNDER, AND/OR ANY CLAIM OF INJURY OR DAMAGE. 
  

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 ARTICLE XII 
 CERTAIN DEFINED TERMS 
 Section 12.1 Certain Defined Terms. The capitalized terms contained
and used and not previously defined in this Agreement have the respective meanings ascribed to them as follows: 
 “Affiliate” means, with respect to any Person, any other Person directly or indirectly controlling, directly or indirectly controlled by or under direct or indirect, control with such Person. As used in this definition, the
term “control,” “controlling” or “controlled by” shall mean in possession, directly or indirectly, of the power either to (i) vote fifty percent (50%) or more of the securities or interests having ordinary
voting power for the election of directors (or other comparable controlling body) of such Person or (ii) direct or cause the direction of the actions, management or policies of such Person, whether through the ownership of voting securities or
interest, by contract or otherwise, excluding in each case, any lender of such Person or any Affiliate of such lender. 
 “Business Day” shall mean a day other than a Saturday or Sunday or any other day on which banks are not required or authorized to close in New York City. 
 “Force Majeure” means, with respect to any Party, an event or condition that is caused by facts and circumstances that
are beyond the reasonable control of such Party, including, without limitation, the enactment, imposition or modification of any Law, which occurs after the date of this Agreement and which prohibits or materially impedes the performance of the
obligations of the Parties hereunder, confiscation or seizure by any Governmental Authority, condemnations by any Governmental Authority, litigation, wars or war-like action (whether actual and pending or expected, and whether de jure or de facto),
arrests or other restraints of government (civil or military), blockades, insurrections, civil disturbances, epidemics, landslides, lightning, earthquakes, hurricanes, storms, wash-outs, explosions, nuclear reaction or radiation, radioactive
contamination, acts or the failure to act of any Governmental Authority, acts of God, fire, explosion, national emergency, flood, drought, war, acts of terrorism, riot, sabotage, embargo, strikes or other labor trouble, failure of utility providers,
interruption of or delay in transportation, a national health emergency, compliance with any order or regulation of any Governmental Authority, or any event otherwise outside the reasonable control of such Party. 
 “Governmental Authority” means any federal, state, local or foreign government, legislature, governmental or
administrative agency or commission, any self-regulatory association or authority, any court or other tribunal of competent jurisdiction, or any other municipality, governmental authority or instrumentality or quasi-governmental entity or authority
having jurisdiction or other authority over the Arena and/or the Parties hereto. 
 “Law” means any federal,
state, local or foreign constitution, treaty, law, statute, ordinance, rule, code, regulation, interpretation, directive, policy, order, writ, decree, injunction, judgment, stay or restraining order, provisions and conditions of permits, licenses,
registrations and other operating authorizations, and any judgment, opinion, ruling or decision of, agreement 

  

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with or by, or any other requirement of, any Governmental Authority, currently in effect or which may hereinafter, be enacted as existing or amended, and any
rules or regulations promulgated thereunder; which may affect the respective rights and obligations of the Parties hereunder. 
 “Person” means a human being, labor organization, partnership, firm, enterprise, association, joint venture, corporation, limited liability company, cooperative, legal representative, foundation, society, political party,
estate, trust, trustee, trustee in bankruptcy, receiver or any other organization or entity whatsoever, including any Governmental Authority. 
 ARTICLE XIII 
 MISCELLANEOUS 
 Section 13.1 Entire Agreement. This Agreement, together with the Schedules attached hereto and the other agreements, certificates and documents delivered in connection herewith contains the entire agreement
among the Parties with respect to the transactions contemplated by this Agreement and supersedes all prior agreements or understandings, whether written or oral, between or among any of the Parties with respect to the subject matter hereof.
Ambiguities shall not be construed against the drafter of this Agreement. 
 Section 13.2 Binding Effect; Successors. Each Party binds
itself and its successors and authorized assigns to the other and to the successors and authorized assigns of the other Party with respect to all covenants and other terms of this Agreement. 
 Section 13.3 Third Party Beneficiaries. Nothing in this Agreement shall create a contractual relationship with or a cause of action in favor of a
third party against any Party and no third party shall be deemed a third party beneficiary of this Agreement or any provision hereof. 
 Section 13.4 Press Releases. The Parties will agree in advance on any press announcements regarding this Agreement, and the timing of the release of any such announcements. The Parties contemplate issuing a mutually approved press
release following the execution of this Agreement. 
 Section 13.5 Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such a manner as to be effective and valid under applicable law. If, however, any provision of this Agreement, or portion thereof, is prohibited by law or found invalid under any law, such provision or portion thereof, only
shall be ineffective without in any manner invalidating or affecting the remaining provisions of this Agreement or the valid portion of such provision, which provisions are deemed severable. 
 Section 13.6 Cumulative Rights. Except as expressly provided herein, the Parties’ respective rights and remedies under the various provisions
of this Agreement shall be construed as cumulative, and no one of them is exclusive of the other or exclusive of any rights or remedies allowed by law or equity, including but not limited to rights of specific performance or other injunctive relief,
which the Parties acknowledge, due to the unique nature of the obligations imposed hereby, the Parties shall be entitled to hereunder. 
  

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 Section 13.7 Assignment by the Brooklyn Parties. Neither of the Brooklyn Parties shall sell,
transfer, assign, sublet, mortgage, pledge or grant a security interest in (collectively, “Assign”) its interest in this Agreement or any of its rights under this Agreement without the prior written consent of Sponsor, except as
follows: 
 (i) NJ Basketball may Assign its interest in this Agreement to any Person in connection with a sale or transfer of
the Nets franchise in a transaction approved by the NBA. In connection with any such assignment (“Assignment”), NJ Basketball shall require the assignee to be bound by the terms and provisions hereof and assume all of the
obligations of NJ Basketball hereunder from and after the date of such Assignment. In the event of such Assignment, NJ Basketball shall be relieved of any further obligations under this Agreement other than those obligations that were to be
performed prior to the effective date of such assignment. 
 (ii) Brooklyn Arena may Assign its interest in this Agreement to
any Person in connection with a sale or transfer of the Arena. In connection with any Assignment, Brooklyn Arena shall require the assignee to be bound by all the terms and provisions hereof and assume all of the obligations of Brooklyn Arena
hereunder from and after the date of such Assignment. In the event of such Assignment, Brooklyn Arena shall be relieved of any further obligations under this Agreement other than those obligations that were to be performed prior to the effective
date of such assignment. 
 (iii) Any of the Brooklyn Parties may sublicense or Assign any of its intellectual property rights
arising under this Agreement for purposes of facilitating the use and/or exploitation thereof for the benefit of the assigning party as contemplated hereunder, provided that no such sublicense or Assignment shall relieve such Brooklyn Party of any
of its obligations to Sponsor hereunder. Notwithstanding the foregoing, nothing in this subsection (iii) shall be deemed permission by Sponsor to sublicense any of the Sponsor Marks. 
 (iv) Each Brooklyn Party shall have the right to Assign this Agreement and its right to receive payments from Sponsor hereunder to any
bank, lending or financing institution or any other lender, to secure any indebtedness of the Brooklyn Parties. If either Brooklyn Party notifies Sponsor of any such Assignment to any bank, lending or financing institution or other lender, then
Sponsor shall, if and when requested by any such bank, lending or financing institution or other lender in writing, pay all amounts payable by Sponsor hereunder to such Brooklyn Party directly to such bank, lending or financing institution or other
lender, as the case may be. In connection therewith, Sponsor agrees to provide such further assurances and additional documentation as is reasonably requested by any such bank, lending or financing institution or any other lender. 
 Section 13.8 Assignments by Sponsor. Sponsor shall not Assign its interest in this Agreement or any of its rights under this Agreement without the
prior written consent of the Brooklyn Parties in its sole discretion. Notwithstanding the foregoing, Sponsor may Assign all or any portion of its interest in this Agreement to any successor in interest in connection with a 

  

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merger, corporate restructuring, reorganization or consolidation, resulting in a change of control of Sponsor or its ultimate parent, provided that the
assignee assumes in writing for the benefit of the Brooklyn Parties all obligations in respect thereof to the Brooklyn Parties under this Agreement; and provided that such assignee has a consolidated bona fide net worth, net of goodwill, at
least comparable to that of Sponsor at the time of such Assignment. In the event of such Assignment, Sponsor shall be relieved of any further obligations under this Agreement. Except as provided in this Section 13.8, no Assignment of this
Agreement or of the rights of Sponsor under this Agreement shall relieve Sponsor of any of its obligations to the Brooklyn Parties under this Agreement. 
 Section 13.9 Prevailing Party Fees. In the event that any litigation arises out of this Agreement between the Parties hereto, the non-prevailing Party shall pay the prevailing Parties reasonable attorneys’
fees and expenses incurred in connection with such litigation. 
 Section 13.10 Descriptive Headings; References. The table of
contents and the descriptive headings are for convenience only and shall not control or affect the meaning or construction of any provision of this Agreement. A reference in this Agreement to an Article, Section, or Schedule is to the referenced
Article, Section, or Schedule of this Agreement. 
  

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 Section 13.11 Notices. All notices, demands, certificates or other communications under this
Agreement shall be in writing (except where otherwise expressly provided) and shall be deemed delivered: (i) when actually received if personally delivered by hand or by reputable courier service, or (ii) three Business Days after deposit
in the U.S. Mail postage prepaid, certified mail return receipt requested, and in each case properly addressed as follows: 
  

			
	If to Sponsor:	  	 Sponsor
 Jones Soda Co.
 234 Ninth Ave. N.
 Seattle, WA 98109
 Attn.: Peter van Stolk, President & CEO

		
	With a copy to:	  	 Salter Joyce Ziker, PLLC
 1601 Fifth Avenue, Suite
2040
 Seattle, WA 98101 
 Attn: Barry Ziker, Esq.

		
	If to Brooklyn Arena or NJ Basketball:	  	 c/o Nets Sports and Entertainment, LLC
 390 Murray Hill
Parkway
 East Rutherford, NJ 07073
 Attn.: Chief Executive
Officer
  
 and
  
 Forest City Ratner Companies
 One MetroTech Center North
 Brooklyn, NY 11201
 Attn.: General Counsel

		
	With a copy to:	  	 NETS Basketball
 390 Murray Hill Parkway
 East Rutherford, NJ 07073
 Attn.: General Counsel

 Any Party, by notice to the others, may change its address for purposes of notices under this Agreement on not
less than ten (10) days prior written notice. 
 Section 13.12 Counterparts. This Agreement (and each amendment, modification and
waiver in respect of it) may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be an original instrument, but all such counterparts together shall constitute but one instrument. Delivery of an executed
counterpart of a signature page of this Agreement (and each amendment, modification and waiver in respect of it) by facsimile or other electronic transmission shall be effective as delivery of a manually executed original counterpart of each such
instrument. 
 Section 13.13 Amendments and Waivers. This Agreement may not be amended, modified, altered or supplemented other than
by means of a written instrument duly executed and delivered by the Parties hereto. Except as expressly provided in this Agreement, no waiver of any provision of, or consent or 

  

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approval required by, this Agreement, nor any consent to or approval of any departure here from, shall be effective unless it is in writing and signed by the
Party against whom enforcement of any such waiver, consent or approval is sought. Such waiver, consent or approval shall be effective only in the specific instance and for the purpose for which given. Neither the failure of any Party to enforce, nor
the delay of any Party in enforcing, any condition, provision or part of this Agreement at any time shall be construed as a waiver of that condition, provision or part or forfeit any rights to future enforcement thereof. No action taken pursuant to
this Agreement, including any investigation by or on behalf of any Party hereto, shall be deemed to constitute a waiver by the Party taking action of compliance by any other Party with any representation, warranty, covenant or agreement contained
herein. 
 Section 13.14 Separateness of the Brooklyn Parties. Notwithstanding anything to the contrary set forth in this Agreement,
the Parties acknowledge and agree that the rights and obligations of each of the Brooklyn Parties under this Agreement are separate and not joint and that neither Brooklyn Party shall have any liabilities or obligations for the actions, omissions or
breaches of the other Brooklyn Party. Any default by either Brooklyn Party in the performance of its obligations under this Agreement shall not constitute a default in respect of the obligations of the other Brooklyn Party under this Agreement, and
neither Brooklyn Party shall be directly liable for the performance of the other Brooklyn Party’s obligations hereunder. 
 Section
13.15 NBA Rules and Regulations; Other Rules and Laws. 
 (i) This Agreement is subject to (a) the Constitution
and By-Laws of, and other rules, regulations and requirements of or issued by, the NBA, as they presently exist and as they may, from time to time, be entered into, created or amended (the “NBA Rules and Regulations”), (b) if
and to the extent applicable, the rules and regulations of the NCAA, NHL, U.S. Olympic Committee or International Olympic Committee and all other similar sanctioning bodies and governing authorities, as the same may be amended or adopted from time
to time, and (c) all Laws, as any of the above currently exist or as they may be amended or modified from time to time hereafter, including without limitation, any other quasi-governmental entities established to perform such functions.

 (ii) This Agreement and all of Sponsor’s rights hereunder are subject to all of the rules, regulations and agreements
of the NBA and its affiliated entities, as they presently exist or as they may, from time to time, be entered into, created or amended; and this Agreement (and any amendment hereto) must be submitted to NBA Properties, Inc. (“NBAP”)
by NJ Basketball within ten (10) days of execution for its approval and shall not be effective or enforceable until it is expressly approved by NBAP. 
 (iii) In the event of any change in NBA Rules and Regulations after the Commencement Date, or any implementation or application of such NBA rules after the Commencement Date, the effect of which would be to reduce
materially the value of Entitlements or other benefits being provided to Sponsor herein, including the granting by the NBA of any rights to a beverage sponsor in the Exclusive Category (a “Beverage Competitor”) to make use of the
Brooklyn Parties Marks for purposes of promoting the products or services of a Beverage Competitor in a manner inconsistent with past NBA practice, the Parties will negotiate in good faith appropriate equitable adjustments in the other entitlements
and/or (in the event that make-good media or other inventory is not otherwise available or adequate compensation) the amount of the Fees payable by Sponsor herein. In the event that any such change in NBA Rules and Regulations after the Commencement
Date shall be sufficiently fundamental to constitute a frustration of the purposes for which Sponsor entered into this Agreement, Sponsor shall have the right to terminate this Agreement. 
  

 - 20 - 

 Section 13.16 Interest. If any amount payable by a Party hereunder is not paid on the due date,
such unpaid amount shall bear interest from the due date until paid at 1.5% per month on the amount of the payment past due (or, if less, the maximum rate then permitted by law), calculated on a simple interest basis for the actual number of
days past due. 
 Section 13.17 Means of Payment. Each payment hereunder shall be made by wire transfer of immediately available
United States’ funds to such account as each of the Brooklyn Parties may specify from time to time, or such other means as may be mutually agreed to by the relevant parties. 
 Section 13.18 Arena Lease. The parties acknowledge that the land on which the Arena will be constructed is not currently leased by the Brooklyn
Parties. It is currently contemplated that the land will be ground leased or licensed to, or managed by, Brooklyn Arena (or an Affiliate of Brooklyn Arena) pursuant to the Arena Lease. Sponsor recognizes that the Arena Lease does not currently exist
and agrees to make such amendments or modifications to this Agreement, and to provide such further assurances and additional documentation as are reasonably requested by the Brooklyn Parties to enable the Brooklyn Parties to negotiate and consummate
the Arena Lease with the applicable authorities; provided that the Arena Lease shall not materially increase the obligations or materially decrease the benefits of Sponsor otherwise provided under this Agreement without regard to this
Section 13.18. 
 Section 13.19 Exculpation. Sponsor shall look only to a Brooklyn Party or its property for the satisfaction of
Sponsor’s remedies or for the collection of a judgment (or other judicial process) requiring the payment of money by such Brooklyn Party in the event of any default by such Brooklyn Party hereunder, and no property or assets of such Brooklyn
Party’s partners, members, officers, directors, shareholders or principals, disclosed or undisclosed, or the partners, members, officers, directors, shareholders or principals, disclosed or undisclosed, of any entity which is a partner,
shareholder or member of such Brooklyn Party, shall be subject to levy, execution or other enforcement procedure for the satisfaction of Sponsor’s remedies under or with respect to this Agreement, the relationship of Sponsor and such Brooklyn
Party hereunder, or the exercise by Sponsor’s of its rights hereunder. Each Brooklyn Party shall look only to Sponsor or its property for the satisfaction of a Brooklyn Party’s remedies or for the collection of a judgment (or other
judicial process) requiring the payment of money by Sponsor in the event of any default by Sponsor hereunder, and no property or assets of Sponsor’s partners, members, officers, directors, shareholders or principals, disclosed or undisclosed,
or the partners, members, officers, directors, shareholders or principals, disclosed or undisclosed, of any entity which is a partner, shareholder or member of Sponsor, shall be subject to levy, execution or other enforcement procedure for the
satisfaction of a Brooklyn Party’s remedies under or with respect to this Agreement, the relationship of either Brooklyn Party and Sponsor hereunder, or the exercise by either Brooklyn Party of its rights hereunder. 
 [SIGNATURE PAGE FOLLOWS] 
  

 - 21 - 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.

  

									
	BROOKLYN ARENA, LLC	 		 	NEW JERSEY BASKETBALL, LLC
	    By: Nets Sports and Entertainment, LLC	 		 	    By: Brooklyn Basketball, LLC
		 		 	    By: Nets Sports and Entertainment, LLC
					
	By:	 	/s/ Brett D. Yormark	 		 	By:	 	/s/ Brett D. Yormark
	Name:	 	Brett D. Yormark	 		 	Name:	 	Brett D. Yormark
	Title:	 	Chief Executive Officer	 		 	Title:	 	Chief Executive Officer
			
	JONES SODA CO.	 		 	
					
	By:	 	/s/ Peter van Stolk	 		 		 	
		 	Peter van Stolk	 		 		 	
		 	President & Chief Executive Officer	 		 		 	

  

 S - 1 

 SCHEDULE 3.1 
 Construction Period Entitlements 
 GRANTED IN ACCORDANCE WITH SECTION 3.1 

  

			
	 ITEM
	  	 DESCRIPTION

		
	 [***]
	  	[***] inclusion at [***] and [***] of [***] to be [***] by the [***]
		
	 [***]
	  	Reference on [***]
		
	 [***]
	  	[***] effort relative to [***] positioning and/or mentions in our [***] and [***] (e.g., [***]), and other [***] relative to [***]

  

 Schedule 3.1, Page 1 
 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of
1934, as amended. 

 SCHEDULE 3.2 
 New Jersey Team Sponsorship Rights 
 GRANTED IN ACCORDANCE WITH SECTION 3.2

  

			
	 ITEM
	  	 DESCRIPTION

		
	 [***]
	  	[***] (the [***] for this Entitlement shall be $[***])
		
	 [***]
	  	[***] of [***] (the [***] for this Entitlement shall be [***])
		
	 [***]
	  	[***] of [***] (the [***] for this Entitlement shall be [***])
		
	 [***]
	  	[***] advertisement within [***] of [***]
		
	 [***]
	  	[***]annually and [***] for each such [***] set ([***] to mutually agreed upon)
		
	 [***]
	  	As part of the [***] will receive [***] in games and [***] by [***] apportioned over each regular season to be [***] to by NJ Basketball on behalf of Sponsor to [***] the
[***]
		
	 [***]
	  	Sponsor to receive a [***] with [***]on [***]

  

 Schedule 3.2, Page 1 
 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of
1934, as amended. 

 SCHEDULE 3.3 
 Arena Rights Entitlements 
 GRANTED IN ACCORDANCE WITH SECTION 3.3

 (applicable to each event at the Arena, subject to Section 4.2) 
  

			
	 ITEM
	  	 DESCRIPTION

		
	 “Jones Soda Stoop” and “Jones Soda Shoppe”; Way Finding
	  	Title sponsorship rights to the “Jones Soda Stoop” and the “Jones Soda Shoppe”, with Sponsor’s Marks to be the dominant commercial branding in both such Arena
locations (Sponsor Mark-branded way finding signage will be placed at various high-traffic Arena locations to designated the above-identified Arena locations)
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]
		
	 [***]
	  	[***]

  

 Schedule 3.3, Page 1 
 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of
1934, as amended. 

 SCHEDULE 3.4 
 Brooklyn Team Sponsorship Rights 
 GRANTED IN ACCORDANCE WITH SECTION 3.4 

  

			
	 ITEM
	  	 DESCRIPTION

		
	 [***]
	  	[***]; total [***] per game (the [***] for this Entitlement shall be [***]
		
	 [***]
	  	[***] unit of [***] for each [***] by the Nets [***], plus [***] (the [***] for this Entitlement shall be [***]
		
	 [***]
	  	[***] in-game unit of [***] for each Nets’ game [***] (the [***] for this Entitlement shall be [***]
		
	 [***]
	  	[***] in Nets’ [***] (i.e., as of the Commencement Date: [***]
		
	 [***]
	  	Sponsor [***] placement in the [***]
		
	 [***]
	  	[***] for all Nets regular season [***] during each NBA season between the Opening Date and the end of the Term
		
	 [***]
	  	[***] to [***] for [***] Nets regular season games during each NBA season between the Team Occupancy Date and the end of the Term (the specific games to mutually agreed upon between the
parties)
		
	 [***]
	  	During each regular season home game, Sponsor [***] the [***] to a [***] (the specifics of which TBD on a season-by-season basis)

  

	*	subject to adjustment in accordance with Section 2.2 

  

 Schedule 3.4, Page 1 
 ***Certain portions of this exhibit have been omitted and filed separately with the Commission pursuant to a request for confidential treatment under Rule 24b-2 promulgated under the Securities Exchange Act of
1934, as amended.Lease dated as of August 8, 2007

 Exhibit 10.1 
 August 8, 2007 
 Beijing Oriental Plaza Co., Ltd. 
 

 
 and 
 Beijing Lionbridge Global Solutions Technologies, Inc 
  

 TENANCY AGREEMENT 
 in respect of 
 Unit(s)[ 1,2,3,4,5,6,12 ]on Level [ 3 ], Office Tower [ W1 ], 
 The Towers, Oriental Plaza, 
 No.1 East Chang An Avenue, 
 Dong Cheng District, Beijing, 100738, China 
  

  

 THIS TENANCY AGREEMENT made this Eighth day of August Two Thousand and Seven 
 BETWEEN the party named and described as the Landlord in Part 1 of the Schedule hereto (“Landlord” which expression shall where the context
admits include its successors and assignees) of the one part and the party named and described as Tenant in Part 1 of the Schedule hereto (“Tenant”) of the other part. 
 WHEREBY IT IS AGREED as follows: 
 1. The Landlord shall let and the Tenant shall take All Those premises
(“Premises”) which form part of the building (“Building”) set out in Part 2 of the Schedule hereto of the development known as ORIENTAL PLAZA

 (“Development”) situate at No.1 East Chang An Avenue, Dong Cheng District, Beijing, the People’s Republic of China Together with all those fixtures fittings furniture or any other articles or
things provided by the Landlord as set out in the Appendix Four hereto (if any) (“Fixtures and Fittings”) for the term defined in Part 3 of the Schedule hereto (“Term”) YIELDING AND PAYING therefor throughout the
Term the rent (“Rent”) and management fees (“Management Fees”) as are set out in Part 4 of the Schedule hereto and subject to the terms and conditions hereinafter contained. 
 2. The Schedule hereto together with the Standard Conditions of the Tenancy Agreement (“Standard Conditions”) set out in Appendix One hereto as varied
and/or modified by the Special Conditions (“Special Conditions”) specified in Appendix Two hereto and other Appendices expressly annexed hereto shall form part of this Tenancy Agreement and shall be incorporated into this Tenancy
Agreement. 
 SCHEDULE ABOVE REFERRED TO 
 This Schedule sets out the details and particulars of this Tenancy Agreement and unless the context otherwise requires the terms specified in this Schedule shall have the meanings therein ascribed to them. 
 Part 1 – the Parties 
  

			
	Landlord:	 	Beijing Oriental Plaza Co., Ltd

		
	Address:	 	No.1, East Chang An Avenue, Dong Cheng District, Beijing, the People’s Republic of China (P.C. No.:100738)
		
	Tenant:	 	Beijing Lionbridge Global Solutions Technologies, Inc
	Address:	 	Room 909, Tower C1, Oriental Plaza
		 	1 East Chang An Ave, Dong Cheng District
		 	Beijing, P. R. China 100738
	  
 Part 2 – the Premises
  

	Premises:	 	Unit(s) [1,2,3,4,5,6,12] on Level [3] of the Building (as shown for identification purposes only colored Red on the plan(s) annexed hereto as Appendix Three)
		
	Building:	 	Office Tower [ W1 ] of the Towers at Oriental Plaza
		
	Gross Floor Area:	 	Approx. [1,846] square metres (the gross floor area is for reference only and it includes the usable space of the Premises and a pro-rata share of the enclosing structural elements and the
mechanical and electrical installation areas and common facilities for the day-to-day operation of the Building)
	  
 Part 3 – the Term
  

	Term:	 	[ 3 ] years (Inclusive of the Commencement Date and Expiry Date)
		
	Commencement Date:	 	[2007/11/1]
	Expiry Date:	 	[2010/11/30]

 Part 4 – the Rent and the Management Fees 
  

			
	Rent:	 	Renminbi [¥221,520.00] [$29,615.00]per calendar month and payable according to the terms hereof
		
	Management Fees:	 	Renminbi [¥61,841.00] [$8,268.00]per calendar month and payable according to the terms hereof

 Part 5 – the Deposit and Advance Payment 
  

			
	Deposit:	 	An amount in Renminbi [¥850,083.00] [$113,647.00]by way of cash security
		
	Advance Payment:	 	Renminbi [¥283,361.00] [$37,882.00] payable for the Rent and Management Fees from [2007/11/1] to [2007/11/30]

							
	Landlord:	  	Beijing Oriental Plaza Co., Ltd. (company chop)	 		 	
	Legal Representative:	  	Kam Hing Lam	 	
				
		  	  
	 	(signature)	 	
	Office Address:	  	Level 12, Tower C2, The Towers, Oriental Plaza,	 	
		  	No.1 East Chang An Avenue, Dongcheng District, Beijing	 	
	Telephone:	  	8518 8888	 	
	Fax:	  	8518 6021	 	
	Postal Code:	  	100738	 	
			
	Tenant:	  	Beijing Lionbridge Global Solutions Technologies, Inc. (company chop)	 	
	Legal Representative:	  	Kong Yan	 		 	
				
		  	  
	 	(signature)	 	
	Office Address:	  	Room 909, Tower C1, The Towers, Oriental Plaza	 	
		  	No.1, East Chang An Ave., Dong Cheng District	 	
		  	Beijing, P.R. China	 	
			
	Telephone:	  	+86-10-85186161	 	
			
	Fax:	  	+86-10-85186933	 	
	Postal Code:	  	100738	 	

  

					
	Appendices
	1.	 	Appendix One:	 	Standard Conditions
	2.	 	Appendix Two:	 	Special Conditions
	3.	 	Appendix Three:	 	Coloured Floor Plan(s)
	4.	 	Appendix Four:	 	Fixtures and Fittings

 APPENDIX ONE ABOVE REFERRED TO – STANDARD CONDITIONS 
 Clause 1 – Rent and Management Fees etc. 
 The Tenant to the intent that obligations hereunder shall continue throughout the Term hereby undertakes and agrees with the Landlord as follows: 
 1.1 (Rent and Management Fees) To pay the Rent the Management Fees and the handling charge of the cheques remittance or bank transfer on the first working day of each and every calendar month and in the manner provided in the
Schedule hereto in advance clear of all deduction, set-off or withholding by way of cheques of immediate value drawn in favour of “Beijing Oriental Plaza Co., Ltd.” or “

” or by remittance or bank transfer to the bank account designated by the Landlord in writing from time to time. The first and last payments shall be made proportionately (if applicable) according to the
number of days included in the first and last months of the Term. The Management Fees shall include without limitation all contributions towards the cost of the Landlord and/or its property manager of the Building (“the Property
Manager”) for and in providing central air-conditioning and heating, maintaining environmental hygiene of the Building including garbage disposal (excluding business or trade wastes of the Tenant), installing and maintaining common
facilities, providing water, electricity and communication services for use in the common areas, public liability insurance, fire insurance and such other insurance necessary against risks for managing the common areas of the Building, remuneration
and other benefits for security guards and other property management personnel (including consultation fees payable to professionals where necessary) and administration cost (including the remuneration of the Property Manager) and any other building
services provided by the Landlord and/or the Property Manager. The Landlord shall be entitled to prepare or revise the budget for the Management Fees periodically and any readjustment of the Management Fees, if any, shall be notified in writing to
the Tenant and shall take effect from the date specified in such notice. 
 1.2 (Advance Payment) Upon signing this Tenancy Agreement, the
Tenant shall pay to the Landlord the sum set out in Part 5 of the Schedule hereto (“Advance Payment”) which is equivalent to the aggregate of (i) one (1) month’s Rent and Management Fees as advance payment thereof; and
(ii) if the date on which the Rent is payable is not the first day of the Calendar month, the prorated monthly Rent and Management Fees according to the number of days included in the month of the Term for which the Rent and the Management are
first payable respectively under this Tenancy Agreement. 
 1.3 (Occupation Taxes) To pay and discharge all taxes charges impositions and other
outgoings of an annual or recurring nature now or hereafter to be imposed and charged by all lawful authorities upon the Premises or upon the tenant or occupier thereof under the relevant laws and regulations and to produce to the Landlord such
receipts or other evidence of any of the payments aforesaid as the Landlord may from time to time reasonably require. 
 1.4 (Charges) To
discharge all outgoings or charges for telephone services, internet, telecommunication services, electricity and other services consumed in the Premises and all necessary connection fees and deposits (if any) for such services. 
 Clause 2 – Tenant’s Obligations 
 The
Tenant to the intent that obligations hereunder shall continue throughout the Term hereby undertakes and agrees with the Landlord as follows: 
 2.1
(Compliance with regulations by-laws rules) To observe and comply with and to indemnify the Landlord against the breach of any legislation law regulation by-law rule and requirement of any government or other competent authorities
relating to the use and occupation of the Premises or to any other act deed or thing done suffered or omitted therein or thereon by the Tenant or any employee agent contractor invitee customer or visitor of the Tenant and without prejudice to the
foregoing to obtain such licence approval or permit required by any government or other competent authorities in connection with the Tenant’s use or occupation of the Premises prior to the commencement of the Tenant’s business and to
maintain the same in force and to notify the Landlord forthwith in writing of any notice received from any government or public authority concerning or in respect of the Premises or any obligation under this Clause. 
 2.2 (Obligation to take possession of property etc.) To take possession of the Premises upon the Commencement Date by following all steps and procedures
required by the Landlord, failing which possession shall be deemed to have been taken and the Term shall be deemed to have commenced on the Commencement Date without prejudice to other rights and remedies of the Landlord provided herein. 

2.3 (Internal Fitting-out Works) To fit out the Premises at the Tenant’s own cost and expenses in accordance with such plans 

  

 4 

 
and specifications as shall have been first approved in writing by the Landlord (such approval not to be unreasonably withheld), in a good and proper
workmanlike manner and in all respects in a style and manner appropriate to a first class office building and upon payment of the fitting-out deposit reserved in the Regulations and so to maintain the same throughout the Term in good repair and
condition. Delays in any event in the submission or resubmission of fitting-out plans and specifications shall not affect the commencement of the Term and the payment of the Rent the Management Fees and other amounts payable by the Tenant in
accordance with the provisions hereof. The Tenant shall not cause suffer or permit any variation to the approved fitting-out plans and specifications or to the interior design or layout of the Premises without the prior approval in writing of the
Landlord (such approval not to be unreasonably withheld) and in the event of such approval being requested it shall be a condition precedent to the granting thereof that the Tenant shall pay to the Landlord all special deposit(s) reserved in the
Regulations hereinafter described. For the avoidance of doubt, it is hereby expressly agreed that: 
  

	(i)	the Landlord approving the Tenant’s fitting-out plans and specifications as above shall not exonerate the Tenant from its obligation to seek at its own costs the appropriate
approval(s) from all relevant competent government authorities in Beijing to the fitting-out plans and specifications that the Landlord has approved before commencing the fitting-out works; and 

  

	(ii)	the Landlord shall not be responsible for any consequence resulting from the Tenant’s non-compliance with any requirement stipulated and/or imposed by the said relevant
competent government authorities in Beijing. 

 2.4 (Repair obligations) To keep all the interior non-structural parts of the
Premises including flooring and interior plaster or other finishes or rendering to walls floors and ceilings the Landlord’s fixtures and fittings therein and all additions thereto including but not limited to all doors windows electrical
installations wiring ducting and piping therein in good clean tenantable and proper repair and condition and properly preserved and painted. 
 2.5
(Injury and damage to property, indemnity and insurance) During the term of this Agreement, the Tenant shall be responsible for, and shall indemnify the aggrieved party who suffered directly in, any damages of the Premises or part of
it caused by fire, explosion, water damage or smoke emission occurs at the Premises, or from any behaviour, failure in performing duty or negligence by the Tenant or its employee, agent, contractor, authorized person, invitee, customer or visitor,
whereby the Tenant shall also be legally liable to indemnify the Landlord for any claims however caused or taken out by any person (including a third party) arising from the above incidents. 
 The Tenant is required to effect insurance cover with a reputable insurance company on public liability which include, but not limited to, damages of the Premises or
part of it caused by fire, explosion, water damage or smoke emission occurs at the Premises, or any personal injury or death and/on property loss or damage caused by any behaviour, failure in performing duty or negligence of the Tenant or its
employee, agent, contractor, authorized person, invitee, customer or visitor, with an insured amount not less than Renminbi 8,000,000.00 yuan (in each claim) or an insured amount which may be reasonably stipulated by the Landlord from time to time
and the insurance policy shall contain a clause to the effect that the insurance cover thereby effected and the terms and conditions thereof shall not be cancelled, modified or restricted, or the insured amount be reduced or the exemption amount be
increased unless the Landlord’s prior written consent is obtained. The insurance policy taken out by the Tenant shall include but not limited to the following clauses: 
  

	1.	fire, explosion, smoke emission and water damage liability; 

  

	2.	cross liability; 

  

	3.	contractual obligation; 

  

	4.	Tenant obligation; 

  

	5.	personal injuries and renunciation of subrogation rights; and 

  

	6.	clauses relating to the Premises’ modification, expansion, repairs and maintenance. 

 The Tenant shall, prior to the date of occupation of the Premises, provide to the Landlord a copy of the cover note of such policy and the receipt for the paid premium or a letter of confirmation from the insurer, so
as to prove that it has already taken out adequate insurance cover pursuant to the above requirements. The Tenant shall also within two months from the date of occupation of the Premises provide to the Landlord a copy of the above insurance policy
for records. In the event that the above policy expires during the term of the lease of the Premises, the Tenant shall complete renewal of the insurance policy duly and shall within one month from the expiry date of the previous insurance policy
provide to the Landlord copy of the renewed policy together with copy of the paid premium or a letter of confirmation from the insurer for records. 
 2.6
(Replacement of windows or curtain wall) To reimburse to the Landlord the cost of replacing all broken and damaged windows and glass or curtain wall if the same be broken or damaged by the act or neglect of the Tenant its employees
agents contractors invitees customers or visitors. 

 2.7 (Entry by Landlord) To permit the Landlord and all persons authorized by it at all reasonable times
upon notice to enter and view the state of repair of the Premises to take inventories of the fixtures therein and to carry out any works repairs or maintenance to the Premises and/or the Building provided that in the event of an emergency the
Landlord its employees or agents may enter without notice and forcibly if need be and for this purpose, the Tenant shall inform the Landlord as to the presence and nature of any security system of the Tenant installed in the Premises. 
 2.8 (Notice of repair) On receipt of any notice from the Landlord or its authorised representative specifying any repairs which are required to be done and
which are the responsibility of the Tenant hereunder forthwith to put in hand and execute the same without delay. Failure by the Tenant so to do will entitle the Landlord or its employees or agents to enter upon the Premises and forcibly if need be
to carry out any such works or repairs at the expense of the Tenant. 
 2.9 (Inform Landlord of damage) To give notice in writing to the
Landlord of any injury to person occurred in and any damage that may be suffered to the Premises and of any accident to or defects in the water pipes electrical wiring or fittings fixtures or other facilities provided by the Landlord. 
 2.10 (Directory boards) To pay the Landlord immediately upon demand the cost of affixing repairing altering or replacing as necessary the Tenant’s
name in lettering to the directory boards provided by the Landlord. 
 2.11 (Viewing Advertising and Reletting) To permit at all reasonable
times upon prior notice during the three calendar months immediately preceding the expiration of the Term prospective tenants or occupiers to inspect the Premises and every part thereof. 
 2.12 (Regulations) To observe and perform and not to contravene any of the provisions contained in the Regulations as may from time to time be adopted by the Landlord pursuant to Clause 9.1 hereof.

 2.13 (Deeming acts and defaults) To be responsible to the Landlord for any breach non-observance non-performance of the terms conditions
agreements or stipulations by and the acts neglects omissions and defaults of all employees agents contractors invitees customers or visitors of the Tenant as if they were the breach non-observance non-performance of the terms conditions agreements
or stipulations by and the acts neglects omissions and defaults of the Tenant itself. 
 2.14 (Delivery of Premises and handover) Upon expiry
or termination of this Tenancy Agreement, the Tenant shall in accordance with this clause reinstate the Premises to the condition as a bare shell to the Landlord as per the standard when the Landlord delivered the Premises to the Tenant for usage,
including but without limitation, reinstating the ceiling opening sprinkler system, smoke detectors, removing and returning fan coils, air conditioning thermostat, lamp plate, outgoing vent, incoming vent, ceiling and accessory (shall check out the
quantity at the scene in accordance with the standard mechanical and electrical installation list for the area, all the shortfall shall be supplemented or compensated by the Tenant for the damages, tear and wear of the materials) and shall deliver
the Premises to the Tenant together with all the fixtures, installation and additional facilities. The returned Premises together with all fixtures, fittings and ceiling accessory materials therein and thereto shall be in a complete, good, clean,
tenantable and properly repaired condition. The Tenant shall not be entitled to claim any compensation or damages from the Landlord in respect of any fixtures fittings or additions made by the Tenant in the Premises. Should the Landlord make such
request, the Tenant shall handle such removal of its personal belongings, fixtures, fittings and additions and be responsible for such removal and transportation costs upon the expiry of this Tenancy Agreement or its earlier termination. As such,
should there be any damages caused to the Premises and fixtures, fittings and additions which ought to be returned to the Landlord during the course of such removal, the Tenant shall make such remedy to the Landlord’s satisfaction in a proper
and sophisticated manner. Should the Tenant be unable to fulfill the aforesaid duty in accordance with the Landlord’s requirement, the Tenant agrees to pay a sum of RMB 800.00 per square meter as removal and transportation costs
irrespective of whether the Landlord handles such work itself or hires contractor to perform the same instead. The Tenant shall surrender to the Landlord all keys giving access to all parts of the Premises and permit the Landlord to remove at the
Tenant’s expenses all letters and characters relevant to the Tenant from the directory boards and from all the doors, walls or windows of the Premises and to make good any damage caused by such removal. If the Tenant fails to reinstate the
Premise (except for the case where both parties agree that the internal fittings, decoration or accessories shall be retained) and to deliver up vacant possession of the Premises on the expiry or earlier termination date of this tenancy according to
the stipulations in this Clause, the Tenant shall pay to the Landlord a late delivery compensation (which is equivalent to twice the amount of the daily Rent and Management Fee of the Premises) for each day of the period of delay in delivering
possession of the Premises to the Landlord. Further, if there are articles fixtures or fittings remained or abandoned in or at the Premises upon the expiry or earlier termination of this tenancy, the Tenant hereby agrees to disclaim the ownership of
such articles and agrees that the Landlord can freely dispose of the same including but not limited to disposal, realization or similar manners. Gains accrued there from shall belong to the landlord (if any) and costs shall be born by the Tenant (if
any) and the Landlord shall not be accountable to the Tenant or any other persons for any loss or damage in respect of such disposal or any other treatment thereof. 

 2.15 (Repair of electrical installations piping and ducting) To repair and replace any electrical
installation wiring ducting or piping installed by the Tenant if the same becomes dangerous or unsafe or if so reasonably required by the Landlord or by the relevant utilities company and the Tenant shall use the Landlord’s nominated contractor
for the electric power project of fire-service (including thermometric sensor and smoke detection system) and the wiring (from the meter room to the Tenant’s main switch) works. The Tenant shall permit the Landlord or its agents to test the
fire-service, air-conditioning and wiring ducting or piping installed by the Tenant in the Premises at any reasonable time upon request being made. 
 2.16
(Cleaning and cleaning contractors) To keep the Premises including where the Tenant occupies the entire floor(s) the lift lobbies on the floor(s) of the Building occupied by the Tenant at all times in a clean and sanitary state and
condition. 
 2.17 (Cleaning of drains) To pay to the Landlord on demand all costs incurred by the Landlord in clearing repairing or replacing
any of the drains pipes or sanitary or plumbing apparatus choked or stopped up owing to the careless or improper use or neglect by the Tenant or any employee agent contractor invitee guest or visitor of the Tenant and to indemnify the Landlord
against any cost claim or damage caused thereby or arising therefrom. 
 2.18 (Protection from bad weather) To take all reasonable precautions
to protect the Premises against damage by storm heavy rainfall heavy snowfall or the like and in particular to ensure that all exterior doors and windows are securely fastened upon the threat of such adverse weather conditions. 
 2.19 (Outside windows and doors) To keep all outside windows and doors closed and in the event of a breach of this Clause the Landlord shall have the right
to send a representative to close any open door or doors or window or windows should the Tenant fail to forthwith comply with the Landlord’s request to close the same. 
 2.20 (Service entrances and lifts) To load and unload goods only at such times and through such service entrances and by such service lifts as shall be designated by the Landlord for this purpose from
time to time. 
 2.21 (Refuse and garbage removal) To be responsible for the removal of garbage and refuse from the Premises and to dispose of
such garbage and refuse only in those areas in the Building as shall be designated by the Landlord from time to time. 
 2.22 (Conducting of
business) To conduct the business of the Tenant so as not to prejudice the goodwill and reputation of the Building as a first class office building. 
 2.23 (Indemnity against breach) To keep the Landlord fully indemnified from and against all actions claims losses damages expenses and legal costs which the Landlord may suffer or incur as a result of or arising from any of
the Tenant’s breach non-observance or non-performance of any term condition agreement or stipulation contained in this Tenancy Agreement or out of any works carried out by the Tenant at any time during the Term to the Premises or out of
anything affixed and/or installed by the Tenant now or during the Term attached to or projecting from the Premises or arising from any act neglect or default of the Tenant. 
 Clause 3 – Landlord’s Obligations 
 The Landlord agrees with the Tenant as
follows: 
 3.1 (Quiet enjoyment) Subject to the Tenant paying the Rent, the Management Fees and other amounts hereby agreed to be paid at the
time and in the manner herein provided for payment of the same and observing and performing the terms conditions agreements and stipulations contained in this Tenancy Agreement and to be observed and performed by the Tenant to permit the Tenant to
peacefully hold and enjoy the Premises during the Term without any interruption by the Landlord or any person lawfully claiming through the Landlord provided that the Tenant acknowledges that the Landlord or the Property Manager shall have the right
to carry out renovation alteration and/or repair works within, outside and/or above the Building and that fitting-out works may be carried out by the Landlord and/or other tenants of the Building. 
 3.2 (Roof and main structure) To keep the main structural parts of the Building in a proper state of repair. 
 3.3 (Decoration) To carry out all necessary decoration to the common areas of the Building as and when the Landlord shall decide the same is necessary.

 3.4 (Cleaning) To keep the common areas and toilets and other parts of the Building for common use clean and in proper condition.

 3.5 (Common Facilities) To maintain any lifts escalators fire and security services equipment
air-conditioning plant and other common service facilities of the Building in proper working order. 
 3.6 (Directory boards) To supply
standard directory boards in the Building lobby and on the relevant floor and to allot space thereon for the Tenant’s name to be affixed thereon in such uniform lettering or characters as shall be designated by the Landlord. 
 3.7 (Air-conditioning) To provide air-conditioning services to the Premises daily from Monday to Friday from 7:30 a.m. until 8:00 p.m. (other than the
public holidays) or within such hours as shall from time to time be specified by the Landlord. No air-conditioning services will be provided on Saturday, Sunday and public holidays. If the Tenant shall require air-conditioning services outside the
hours specified by the Landlord as aforesaid the Landlord may provide the same to the Tenant on receiving reasonable prior notice of the Tenant’s requirement. The charges for such additional air-conditioning shall be determined by the Landlord
and notified to the Tenant from time to time and the Tenant shall forthwith pay the charges thereof on receipt of the demand note therefor. 
 Clause 4 – Restrictions and Prohibitions 
 The Tenant hereby agrees with the Landlord as follows: 
 4.1 (Installation and alteration) Not without the prior written consent of the Landlord (such consent not to be unreasonably withheld) to erect install or
alter any fixtures partitioning or other erection or installation in the Premises or any part thereof or to make or permit or suffer to be made any installations in or additions to the electrical wiring piping ducting and any other installations or
to install or permit or suffer to be installed any equipment apparatus or machinery which imposes a weight on any part of the flooring in excess of that for which it is designed or which requires any additional electrical wiring piping or ducting or
which consumes electricity not metered through the Tenant’s separate meter. The Landlord shall be entitled to prescribe the maximum weight and permitted location of safes and other heavy equipment and to require that the same stand on supports
of such dimensions and material to distribute the weight as the Landlord may deem necessary and that in carrying out any approved work hereunder the Tenant and its employees agents contractors and workmen shall cooperate fully with the Landlord and
all the employees agents contractors and workmen of the Landlord and with other tenants or contractors carrying out any work in the Building. The Tenant its employees agents contractors and workmen shall obey and comply with all instructions and
directions which may be given by the Landlord or its representative in connection with the carrying out of such work. 
 4.2 (Criteria for commencing
business) Not to use occupy the Premises to commence business or operation (whether temporarily or otherwise), the Landlord may at its discretion refuse to provide the necessary facilities and services to the Premises including the
electricity and air-conditioning unless and until the Tenant (i) has obtained all necessary unconditional completion/approval certificate(s) duly issued by the competent authorities in respect of all works and installation to the Premises which
shall be legally required for commencing business or operation at or in the Premises; and (ii) has deposited with the Landlord at all times during the Term copies of the relevant valid completion/approval certificate(s) therefor; failing which
the Landlord may at its discretion refuse to provide the necessary facilities and services to the Premises including the electricity supply and air-conditioning facility. 
 4.3 (Signs) Not to affix or display or permit or suffer to be affixed or displayed within or outside the Premises any signboard sign decoration advertising matter or other device whether illuminated or
not which may be visible from outside the Premises and the Landlord shall have the right to remove the same at the cost and expense of the Tenant Provided that: 
  

	(i)	the Tenant shall be entitled to have its name displayed in English and Chinese in uniform lettering and/or characters designated by the Landlord on the directory boards, such
lettering and characters and any additions or alterations thereto will be placed thereon by the Landlord at the Tenant’s expense; and 

  

	(ii)	the Tenant shall be entitled at its own expense to have its name affixed in lettering and/or characters of dimensions approved by the Landlord on the Tenant’s main entrance
door. 

 Save as provided in (i) and (ii) above, the Tenant shall not do or permit or suffer any act which may alter or otherwise
adversely affect the appearance of the Premises or the Building. 
 4.4 (User) Not to use or permit or suffer the Premises to be used for any
purpose other than as an office under the name of the Tenant only. 
 4.5 (Illegal or immoral use) Not to use or permit or suffer the Premises
to be used for any illegal immoral or improper purpose. 

 4.6 (No touting) Not to permit any touting or soliciting for business or the distributing of any pamphlets
notice or advertising matter outside the Premises or anywhere within or near the vicinity of the Building by any of the Tenant’s employees or agents. 
 4.7 (Auction and Exhibition) Not to hold or permit or suffer to be held in the Premises any exhibition auction or similar sale of things or properties of any kind. 
 4.8 (Sleeping or domestic use) Not to use or permit or suffer the Premises or any part thereof to be used as sleeping quarters. 
 4.9 (Manufacture or storage of goods) Not to use or permit or suffer the Premises to be used for the production manufacture or working of goods or merchandise nor for the storage of goods and merchandise
other than samples and exhibits in small quantities reasonably required in connection with the Tenant’s business carried on therein. 
 4.10
(Combustible or dangerous goods) Not to keep or store or permit or suffer to be kept or stored in the Premises any arms ammunition gun-powder salt-petre kerosene or other explosive or combustible substance or hazardous or unlawful
goods and not at any time during the Term to allow the Premises or any part thereof to be used in any way entailing a fine forfeiture or penalty against the Landlord under any laws for the time being in force in the People’s Republic of China.

 4.11 (Obstruction to Passages) Not to encumber or obstruct or permit or suffer to be encumbered or obstructed with any boxes packaging
rubbish or other articles or obstruction of any kind or nature any of the entrances exits staircases landing passages escalators lift lobbies or other parts of the Building in common use and the Landlord shall if it thinks fit be entitled without
notice and at the Tenant’s expense to remove and dispose of any such boxes packaging rubbish or other articles or obstruction as it sees fit without incurring any liability therefor. 
 4.12 (Articles in common area) Not to lay install affix or attach any wiring cables or other articles or things at in or upon any of the entrances exits
staircases landings passages lobbies or other parts of the Building in common use without having obtained the Landlord’s prior written consent. 
 4.13
(Sub-letting assigning) Not to assign underlet or otherwise part with the possession of or transfer the Premises or any part thereof or any interests therein nor permit or suffer any arrangement or transaction whereby any person who is
not a party to the Tenancy Agreement obtains the use possession occupation or enjoyment of the Premises or any part thereof irrespective of whether any rental or other consideration is give therefor. For the avoidance of doubts, it is expressly
agreed by the Tenant that this Tenancy Agreement shall be personal to the Tenant. 
 4.14 (Breach of insurance policy) Not to do or permit or
suffer to be done any act deed matter or thing whatsoever whereby the insurance policies on the Building and/or the Premises against loss or damage by fire and/or other insurable perils and/or claims by third parties for the time being in force may
become void or voidable or whereby the rate of premium or premiums thereon may be increased Provided that if as the result of any act deed matter or thing done permitted or suffered to be done by the Tenant the rate of premium on any such policy of
insurance shall be increased the Landlord shall be entitled without prejudice to any other remedy hereunder to recover from the Tenant the amount of any such increase. Furthermore, the Tenant shall provide relevant documentary evidence or assistance
to the insurance company upon its request. 
 4.15 (Air-conditioning) Not to install air-conditioning facilities in addition to such facilities
as are provided by the Landlord. 
 4.16 (Parking) Not to park in obstruct or otherwise use nor permit any employee agent customer invitee or
visitor of the Tenant to park in obstruct or otherwise use those areas of the Building allocated to the parking or movement of or access for vehicles or designated as loading/unloading areas otherwise than in accordance with the Regulations made by
the Landlord pursuant to Clause 9 hereof. 
 4.17 (Use of building name) Not without the prior written consent of the Landlord to use or permit
to be used the name/logo or any part of the name/logo of the Landlord or of the Building or any picture representation or likeness of the whole or any part of such name/logo or of the Building or of the Premises in connection with the business or
operations of the Tenant or for any purpose whatsoever other than to indicate the address and place of business of the Tenant only. 
 4.18 (Damages to
walls and ceiling etc.) Not without the prior written consent of the Landlord to cut maim injure drill nail or screw into mark or deface or permit or suffer to be cut maimed injured drilled into marked or defaced any doors windows walls
beams structural members or any part of the fabric of the Premises or any of the plumbing or sanitary or air-conditioning apparatus or installations therein, nor without such consent of the Landlord to do any other thing which may damage or
penetrate the existing floor screed or slab. 

 4.19 (Damage to common areas) Not to damage injure or deface any part of the common areas of the Building
including without limitation the fabric decorative features the stairs lifts escalators any trees plants or shrubs therein or thereabout. 
 4.20
(Nuisance or annoyance) Not to do or permit or suffer to be done any act or thing which may be or become a nuisance or annoyance to the Landlord or to the tenants or occupiers of other premises in the Building. 
 4.21 (Noise) Not to cause produce or permit or suffer to be produced at any time in the Premises any disturbing or irritating noise or any music sound or
noise (including sound produced by broadcasting or any apparatus or equipment capable of producing reproducing receiving or recording sound) which may be audible outside the Premises. 
 4.22 (Toilet facilities) Not to use or permit or suffer to be used the toilet facilities provided by the Landlord in the Premises or in the common areas of the Building for any purpose other than that
for which they are intended and not to throw or permit or suffer to be thrown therein any substance or object incompatible with their intended use and the Tenant shall pay to the Landlord on demand the whole expense of any breakage blockage or
damage resulting from a violation of this Clause. 
 4.23 (Animals pets and infestation) Not to keep or permit or suffer to be kept any animals
or pets inside the Premises and at the Tenant’s expense to take all such steps and precautions as shall be required by the Landlord to prevent the Premises or any part thereof from becoming infested by pests or vermin. 
 4.24 (Preparation of food and prevention of odours) Not to cook or prepare or permit or suffer to be cooked or prepared any food in the Premises or to
cause or permit any offensive or unusual odours to be produced upon or emanated from the Premises. 
 4.25 (Aerials) Not to erect any aerial on
the roof or walls of the Building or on the ceiling or walls of the Premises and not to interfere with remove dismantle or alter those common aerials (if any) provided by the Landlord. 
 Clause 5 – Exclusions 
 Unless caused through the gross negligence of the Landlord
its employees or agents, the Landlord shall not be liable to the Tenant occupier or any other person whomsoever: 
 5.1 (Lift escalators
air-conditioning etc.) In respect of any injury loss damage or death to person or property sustained by the Tenant occupier or any such other person caused by or through or in any way owing to any defect in or breakdown of any of the lifts
escalators fire and security services equipment air-conditioning plant telecommunication services or any other facilities of and in the Premises or the Building; or 
 5.2 (Electricity/water supply) In respect of any injury loss damage or death to person or property sustained by the Tenant occupier or any such other person caused by or through or in any way owing to
any failure malfunction explosion or suspension of the electricity or water supply to the Building or the Premises; or 
 5.3 (Fire and overflow of
water and vermin) In respect of any injury loss damage or death to person or property sustained by the Tenant occupier or any such other person caused by or through or in any way owing to fire or the escape of fumes smoke odours or any
substance or thing or the overflow or leakage of water from anywhere within the Building or the influx of rain water or storm water into the Building or the Premises or the activity of rats or other vermin in the Building; or 
 5.4 (Security) For the security or safekeeping of the Premises or any persons or contents therein and in particular but without prejudice to the generality
of the foregoing the provision (if any) by the Landlord or the Property Manager of watchmen and caretakers or any mechanical or electrical systems of alarm of whatever nature shall not create any obligation on the part of the Landlord or the
Property Manager as to the security of the Premises or any contents therein and the responsibility for the safety of the Premises and the contents thereof shall at all times rest with the Tenant; or 
 5.5 (Non-enforcement of the Regulations) In respect of any injury loss damage or death however caused by or arising from any non-enforcement of the
Regulations under Clause 9 or non-observance thereof by any party; or 
 Nor shall the Rent or the Management Fees payable by the Tenant hereunder or any
part thereof be abated or cease to be payable on account of any of the foregoing circumstances. 

 Clause 6 – Abatement of Rent 
 If the Premises or any part thereof shall be destroyed or so damaged by fire bad weather Act of God force majeure or other cause not attributable directly or indirectly
to any act or default of the Tenant as to render the Premises unfit for use and occupation the Rent hereby agreed to be paid or a part thereof proportionate to the nature and extent of the damage sustained shall cease to be payable until the
Premises shall have been restored or reinstated Provided Always that the Landlord shall be under no obligation to repair or reinstate the Premises if in its opinion it is not reasonably economical or practicable so to do and Provided Further that if
the whole or substantially the whole of the Premises which have been destroyed or rendered unfit for use and occupation shall not have been repaired and reinstated within six months of the occurrence of the destruction or damage either party hereto
shall be entitled at any time before the same are so repaired and reinstated to terminate this Agreement by notice in writing to the other but without prejudice to the rights and remedies of either party against the other in respect of any
antecedent claim or breach of the agreements terms and conditions herein contained or of the Landlord in respect of the Rent the Management Fees and other charges payable hereunder prior to the coming into effect of the cessation. 
 Clause 7 – Default 
 It is hereby further
expressly agreed and declared as follows: 
 7.1 (Default) Entirely without prejudice to the provisions of Clause 8.1, if (i) the Rent, the
Management Fees and/or other amounts payable by the Tenant under this Tenancy Agreement or any part thereof shall be unpaid for fourteen (14) days after the same shall have become payable (whether the Tenant has been demanded to pay or not); or
(ii) any breach non-observance or non-performance by the Tenant of any of the terms agreements stipulations or conditions hereof; or (iii) any of the assets of the Tenant has been seized or distrained by the People’s Court or any
competent authority; or (iv) the Tenant shall become bankrupt or being a corporation shall go into liquidation; or (v) any petition shall be filed for the bankruptcy or winding up of the Tenant; or (vi) the Tenant shall otherwise
become insolvent or make any composition or arrangement with its creditors or shall suffer any execution to be levied on the Premises (each such case a “Default”), THEN the Landlord may EITHER disconnect all electricity, air-conditioning,
water, telephone, internet, other utility services and/or supplies to the Premises provided that a three (3) days’ prior notice has been given to the Tenant of the Landlord’s intention to do so OR exercise all of the following rights
(the “Remedial Rights”) if such Default(s) has/have not been remedied within seven (7) days after a written notice has been served by the Landlord to the Tenant: 
  

	(i)	to enter or re-enter on the Premises or any part thereof in the name of the whole; 

  

	(ii)	to terminate this Tenancy Agreement absolutely but without prejudice to any right of action of the Landlord in respect of any outstanding breach or non-observance or non-performance
by the Tenant of any of the agreements stipulations and conditions herein contained; 

  

	(iii)	to forfeit the Deposit and other deposits paid by the Tenant without prejudice to the Landlord’s right of deduction in accordance with Clause 8 and claim for further
compensation; and 

  

	(iv)	to do all lawful things and/or to take all lawful actions which the Landlord considers necessary or desirable to remedy the Default(s). 

 All relevant costs and expenses incurred by the Landlord in connection with the disconnection and the subsequent re-connection of the electricity air-conditioning,
water, telephone, internet, other utility services and/or supplies to the Premises shall be paid by the Tenant and shall be recoverable from the Tenant as a debt or be deductible by the Landlord from the Deposit paid by the Tenant in accordance with
Clause 8 hereof. 
 7.2 (Exercise of right) A written notice served by the Landlord on the Tenant in manner hereinafter mentioned to the effect
that the Landlord thereby exercises the power of re-entry and determination of the Tenancy Agreement herein contained shall be a full and sufficient exercise of such power without physical entry on the part of the Landlord. Upon dispatch of the
written notice of re-entry, the Premises shall be deemed to have been repossessed by the Landlord and the Tenant shall be deemed evicted. Thereafter, the Landlord shall be entitled to dispose of the Premises and any items or chattels left on the
Premises in such manner as it wishes and it shall not incur any liability to the Tenant therefor. 
 7.3 (Acceptance of Rent and Management
Fees) Acceptance of the Rent and/or the Management Fees and/or other amounts by the Landlord shall not be deemed to operate as a waiver by the Landlord of any right to proceed against the Tenant in respect of any breach non-observance or
non-performance by the Tenant of any of the agreements stipulations and conditions herein contained and on the Tenant’s part to be observed and performed. 
 7.4 (Payment Order) The Rent payable in respect of the Premises shall be and be deemed to be in arrears if not paid in advance at the times and in the manner hereinbefore provided for payment thereof. In such a case, the
Landlord may apply for Payment Order issued by the People’s Court in accordance with the Article 189 of the “PRC Civil Procedure Law” and all costs and expenses thus incurred shall be borne by the Tenant. 

 7.5 (Overdue Delinquent Payment) Without prejudice to the Landlord’s other rights and remedies on such
default, if the Rent, the Management Fees or any other charges payable by the Tenant under this Tenancy Agreement or any part thereof shall not be paid in the manner and at the time specified in Clause 1 hereof, then Overdue Delinquent Payment shall
be payable by the Tenant at the rate of 0.1% of the due and unpaid amount per day calculated on daily basis from the due date up to the date of actual payment (both inclusive). 
 7.6 (Undertaking) Save and except in the event of force majeure during the agreed rental period, the Tenant shall under no circumstances terminate this Tenancy Agreement prematurely. If this Tenancy
Agreement is terminated prematurely or cannot be performed due to causes of the Tenant, the Landlord shall not be required to return to the Tenant the Deposit already paid. Further, the Tenant shall also be required to pay all the rentals that
should be payable during the un-performed term of the Tenancy Agreement. In case the loss to the Landlord caused by such termination exceeds the rentals that should be payable during the un-performed term of the Tenancy Agreement, the Tenant shall
be liable to indemnify the Landlord for such exceeding loss. The Landlord shall have the right to offer the Premises to other tenants so as to minimize the loss that may arise from the Tenant’s breach of contract. 
 Clause 8 – Deposit 
 8.1 (The
Deposit) The Tenant shall on the signing hereof deposit with the Landlord the Deposit in Renminbi specified in Part 5 of the Schedule to this Tenancy Agreement to secure the due observance and performance by the Tenant of the terms
conditions agreements and stipulations contained in this Tenancy Agreement and to be observed and performed by the Tenant. The Deposit shall be retained by the Landlord throughout the Term free of any interest and in the event of any breach or
non-observance or non-performance by the Tenant of any of the agreements stipulations or conditions aforesaid the Landlord shall be entitled, by exercising its Remedial Rights provided in this Tenancy Agreement, to terminate this Agreement, forfeit
the Deposit and claim further compensation for the costs expenses loss or damage thus incurred. Notwithstanding the foregoing, the Landlord may in any such event at its option deduct immediately after the occurrence of the breach non-observance or
non-performance of any agreement stipulation or condition of this Tenancy Agreement from the Deposit the amount of any monetary loss incurred by the Landlord in consequence of such breach non-observance or non-performance with or without prior
notice to the Tenant in which event the Tenant shall as a condition precedent to the continuation of the tenancy deposit with the Landlord the amount so deducted within 7 days after receiving the written notice of the Landlord demanding the same and
if the Tenant shall fail so to do the Landlord shall forthwith be entitled to exercise all of its Remedial Rights. 
 8.2 (Repayment of the
Deposit) Subject as aforesaid the Deposit shall be refunded to the Tenant by the Landlord without interest within thirty (30) days after (a) the expiration of this Tenancy Agreement and the delivery of vacant possession to the
Landlord in accordance with Clause 2.14 above (b) the settlement of the last outstanding claim by the Landlord against the Tenant in respect of any breach non-observance or non-performance of any of the agreements stipulations or conditions
herein contained and on the part of the Tenant to be observed and performed (c) the relevant telephone telecommunication and electricity authorities have cleared the Tenant’s telephone telecommunication and electricity accounts; whichever
is the latest. The Deposit shall be refunded to the Tenant without interest in the same amount as it was paid to the Landlord, subject, however, to the Landlord’s right to make deduction, withholding or set off according to the terms of this
Tenancy Agreement. 
 Clause 9 – Regulations 
 9.1 (Introduction of Regulations) The Landlord reserves the right from time to time and by notice in writing to the Tenant to make and introduce and subsequently amend adopt or abolish if necessary such
rules and regulations (“Regulations”) as it may consider necessary for the control of use of parking spaces, fitting-out and the access operation management and maintenance of the Building and/or the Development as a first class
development and for the compliance of the relevant laws regulations or requirements imposed by the competent authorities. 
 9.2 (Conflict)
Such Regulations shall be supplementary to the terms and conditions contained in this Tenancy Agreement and shall not in any way derogate from such terms and conditions. In the event of conflict between such Regulations and the terms and conditions
of this Tenancy Agreement, the terms and conditions of this Tenancy Agreement shall prevail. 

 Clause 10 – Interpretation and Miscellaneous 
 10.1 (Headings and indices) The headings and indices (if any) are intended for guidance only and do not form part of this Tenancy Agreement nor shall any
of the provisions of this Tenancy Agreement be construed or interpreted by reference thereto or in any way affected or limited thereby. 
 10.2
(Condonation not a waiver) No condoning excusing or overlooking by the Landlord of any default breach or non-observance or non-performance by the Tenant at any time or from time to time of any of the Tenant’s obligations herein
contained shall operate as a waiver of the Landlord’s rights hereunder in respect of any continuing or subsequent default breach or non-observance or non-performance or so as to defeat or affect in any way the rights and remedies of the
Landlord hereunder in respect of any such continuing or subsequent default or breach and no waiver by the Landlord shall be inferred from or implied by anything done or omitted by the landlord unless expressed in writing and signed by the Landlord.
Any consent given by the Landlord shall operate as a consent only for the particular matter to which it relates and in no way shall it be considered as a waiver or release of any of the provisions hereof nor shall it be construed as dispensing with
the necessity of obtaining the specific written consent of the Landlord in the future, unless expressly so provided. 
 10.3 (Landlord’s rights
regarding common areas and common facilities) The Landlord reserves the right to remove cancel relocate or otherwise change or carry out any alteration or addition or other works to the common areas and common facilities of the Building and
such other part or parts of the Building (other than the Premises) and to restrict the access or rights of way thereof from time to time and in such manner as the Landlord may in its absolute discretion deem fit without the same constituting an
actual or constructive eviction of the Tenant and without incurring any liability whatsoever to the Tenant therefor. 
 10.4 (Service of
notices) Any notice required to be served hereunder shall be in writing and shall be sufficiently served on the Tenant if addressed to the Tenant and sent by prepaid post to or delivered by hand at the Premises or the Tenant’s last
known place of business or residence in Beijing China and shall be sufficiently served on the Landlord if addressed to the Landlord and sent by prepaid post to or delivered by hand at the address given in this Tenancy Agreement or any other address
which the Landlord may notify to the Tenant from time to time. 
 10.5 (Exclusion of warranties) This Tenancy Agreement sets out the full
agreement reached between the parties and supercedes all prior representations, agreements, covenants or warranties. No other representations or warranties have been made or given relating to the Landlord or the Tenant or the Building or the
Premises and if any such representation or warranty has been made given or implied the same is hereby waived. 
 10.6 (Name of Building) The
Landlord reserves the right to name the Building with any such name or style as it in its sole discretion may determine and at any time and from time to time to change alter substitute or abandon any such name without compensation to the Tenant
Provided that the Landlord shall give the Tenant and the postal and other relevant government authorities not less than three months notice of its intention so to do. 
 10.7 (Business License) Prior to signing this Tenancy Agreement, the Tenant shall produce to the Landlord for inspection the business license or registration certificate issued by the Government of the
People’s Republic of China and the relevant Power of Attorney and in case where the Tenant is a corporation, the by-laws or the memorandum and articles of association of the Tenant and a certified copy of the board minutes of the Tenant
authorizing the Tenant’s representative to execute this Tenancy Agreement. Without prejudice to the foregoing, the Tenant represents and warrants to the Landlord that it has all requisite power and authority to execute and deliver this Tenancy
Agreement and to perform its obligations hereunder, and that the person signing this Tenancy Agreement on behalf of the Tenant has been duly authorized to do so by all necessary corporate or other action of the Tenant. 
 10.8 (Condition of Premises) The Premises shall be delivered to the Tenant on “as is” basis as of the date on which possession thereof shall be
delivered to the Tenant by the Landlord. The Tenant shall accept the Premises so delivered as tenantable and in accordance with this Tenancy Agreement. 
 10.9 (Costs and Expenses) Unless the laws and regulations of the People’s Republic of China provide to the contrary in which event such contrary provisions shall apply, all expenses including stamp duty for and incidental
to the creation of this Tenancy Agreement shall be borne equally by the Landlord and the Tenant. Each party shall bear its own legal costs, if any. 
 10.10
(Governing Law and Jurisdiction) This Tenancy Agreement shall be governed by and construed in accordance with the laws of the People’s Republic of China. Should any dispute arise under this Tenancy Agreement and resolution thereof
cannot be reached through consultation between the Landlord and the Tenant, then either party may submit the dispute to a competent People’s Court in Beijing Municipality. 
 10.11 (Execution and Language) This Tenancy Agreement shall be executed in Chinese version. The English translation of this Tenancy Agreement, if so provided by the Landlord, is for the Tenant’s
reference only. The Landlord does not warrant or represent that the contents of the English translation and the meaning conveyed by its wordings are the same as the Chinese version. In case of conflict and inconsistency, the Chinese version shall
prevail. 

 APPENDIX TWO ABOVE REFERRED TO – SPECIAL CONDITIONS 
 Unless otherwise expressly agreed, if there is any inconsistency between the terms of any part of this Tenancy Agreement with those of the Special Conditions, the terms
of the Special Conditions shall prevail.

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