Document:

Guaranty
Agreement

 

THIS
GUARANTY AGREEMENT (this “Guaranty”) is made and entered into effective as of September 24, 2019
(the “Effective Date”), by and between Novo Integrated Sciences, Inc., a Nevada corporation (“Guarantor”),
and Fitness International, LLC, a California limited liability company, on its own behalf and on behalf of its wholly owned
subsidiary, Fitness & Sports Clubs, LLC, a Delaware limited liability company (individually and collectively, “Licensor”).

 

WITNESSETH:

 

WHEREAS,
simultaneously with the execution of this Guaranty, Licensor and a subsidiary of Guarantor, Novomerica Health Group, Inc., a Nevada
corporation (“Licensee”), have entered into that certain Master Facility License Agreement (the “Agreement”)
dated September 24, 2019 for the licenses of portions (the “Service Areas”) of certain Licensor
health and fitness clubs to Licensee, as further described in the Agreement;

 

WHEREAS,
Guarantor is an affiliate of Licensee and will derive some benefit from Licensor licensing the Service Area to Licensee; and

 

WHEREAS,
Licensor has required that Guarantor execute this Guaranty as a condition to Licensor entering into the Agreement.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Guarantor and Licensor
agree as follows:

 

1.
Defined Terms. For purposes of this Guaranty, all capitalized terms used but not defined herein shall have the meaning
ascribed to them in the Agreement.

 

2.
Guaranty. From and after the Effective Date, Guarantor hereby irrevocably guarantees the full, unconditional, and prompt
payment and performance of all of Licensee’s obligations and liabilities under the Agreement, including, without limitation,
the payment of all rent and other charges due thereunder. Guarantor’s guarantee of such obligations and liabilities is subject
to all of the provisions of the Agreement applicable thereto and all other matters affecting the enforcement thereof. This is
a guaranty of payment and performance and not of collection. The liability of Guarantor under this Guaranty shall be direct and
immediate and not conditioned on the pursuit of any remedy against Licensee or any other person or against any lien available
to Licensor, its successors or assigns. Guarantor hereby waives any right to require that an action be brought against Licensee
or any other person (provided, however, Licensor agrees to undertake reasonable collection efforts against Licensee before demanding
payment from Guarantor under this Guaranty). In the event of a default by Licensee under the Agreement, Licensor shall have the
right to enforce its rights, powers and remedies thereunder or hereunder in any order, and all rights, powers and remedies available
to Licensor in such event shall be nonexclusive and cumulative of all other rights, powers and remedies provided thereunder or
hereunder or by law or in equity. This Guaranty shall be enforceable according to its terms against Guarantor, his or her heirs,
personal representatives, successors and assigns, without the necessity for any suit or proceedings against Licensee on Licensor’s
part of any kind or nature whatsoever and without the necessity of any notice of non-payment, non-performance, or non-observance
or of any notice of acceptance of this Guaranty or of any other notice or demand to which Guarantor might otherwise be entitled,
all of which Guarantor hereby expressly waives. This Guaranty shall be a continuing Guaranty and the liability of Guarantor hereunder
shall in no way be affected, modified, or diminished by reason of any assignment of the Agreement by Licensee or any renewal,
modification or extension of the Agreement or by reason of any modification or waiver of or change in any of the terms, covenants,
conditions or provisions of the Agreement by Licensor and Licensee, or by reason of any extension of time that may be granted
by Licensor to Licensee, or by reason of any dealings or transactions or matter or thing occurring between Licensor and Licensee,
or by reason of any bankruptcy, insolvency, reorganization, arrangement, assignment for the benefit of creditors, receivership
or trusteeship affecting Licensee or any of Licensee’s property, whether or not notice of any of same shall be given to
Guarantor.

 

    	 	 	 

    	 

    

 

3.
Enforcement. The obligations of Guarantor under this Guaranty are expressly contingent and conditioned upon (i) Licensor
delivering to Guarantor written notice of any default by Licensee under the Agreement, and (ii) Licensee having failed to cure
such default within any applicable cure period provided under the Agreement if applicable, it being understood and agreed that
certain defaults under the Agreement do not include a cure period and as such, entitle Licensor to terminate the Agreement immediately
upon written notice to Licensee.

 

4.
Term. Notwithstanding anything contained herein to the contrary, this Guaranty shall remain in effect until the termination
or expiration of the Long Beach – Downey Ave. License.

 

5.
Notices. All notices, demands, deliveries and other communications (collectively, “Notices”) required under
or related to this Guaranty shall be deemed effectively given when personally delivered, when received by receipted overnight
delivery, or five (5) days after being deposited in the United States mail, with postage prepaid thereon, certified mail, return
receipt requested, addressed as follows:

 

	If
    to Guarantor:	Novo
    Integrated Sciences, Inc.
	 	119
    Westcreek Dr., Suite 1
	 	Woodbridge,
    Ontario, L4L9M6
	 	 
	If
    to Licensor:	Fitness
    International, LLC
	 	3161
    Michelson Drive, Suite 600
	 	Irvine,
    California 92612
	 	Attention:
    General Counsel
	 	Facsimile
    number: (866) 430-1079
	 	 
	With
a copy sent to the attention of:	Licensing Department, at the same address

 

Guarantor
or Licensor may change its address for Notices by sending written notice to the other party in accordance with the terms of this
section.

 

6.
Successors and Assigns. This Guaranty shall be binding upon Guarantor, Licensor and their respective successors and assigns.

 

7.
Governing Law. This Guaranty shall be governed by the laws of the State of California.

 

    	 	 	 

    	 

    

 

8.
Attorney Fees. The prevailing party in any legal proceeding arising out of or related to this Guaranty shall be entitled
to recover the reasonable attorneys’ fees, litigation expenses and court costs it incurs in connection with such legal proceeding
from the non-prevailing party therein.

 

9.
No Waiver. The failure of Guarantor or Licensor to insist upon the strict performance of one or more of the provisions
of this Guaranty or to take advantage of any of its rights under this Guaranty shall not be construed as a waiver of any such
provisions or the relinquishment of any such rights, rather the same shall continue and remain in full force and effect.

 

10.
Entire Agreement. This Guaranty contains the final, complete and entire agreement with respect to the matters contained
herein, and no prior agreement or understanding related to such matters shall be effective for any purpose.

 

11.
Modification. This Guaranty may not be amended, modified or terminated, except by a written agreement signed by Guarantor
and Licensor.

 

12.
Interpretation. The titles, captions and paragraph headings herein are inserted for convenience only and shall not define,
limit or expand the scope or content of this Guaranty. This Guaranty shall be construed without regard to any rule requiring construction
against the draftsman. No inference shall be drawn from the deletion of any words or phrases contained in this Guaranty.

 

13.
Severability. If any provisions of this Guaranty or the application thereof to any person or circumstance shall be invalid
or unenforceable, the remainder of this Guaranty and the application of such provision to other persons or circumstances shall
not be affected thereby, but rather this Guaranty shall be enforced to the greatest extent permitted by law.

 

[Signature
Page Follows]

 

    	 	 	 

    	 

    

 

IN
WITNESS WHEREOF, Guarantor and Licensor have caused this Guaranty to be executed as of the date first written above.

 

	LICENSOR:	 	GUARANTOR:
	 	 	 
	Fitness
    International, LLC	 	Novo
    Integrated Sciences, Inc.
	 	 	 	 	 
	Signature:
    	/s/
    Kathryn Polson	 	Signature:
    	/s/
    Robert Mattacchione
	Name:
    	Kathryn
    Polson	 	Name:
    	Robert
    Mattacchione
	Title:
    	Chief
    Financial Officer	 	Title:
    	CEO
	 	 	 	 	 
	Signature:
    	/s/
    Todd von Sprecken	 	 	 
	Name:
    	Todd
    von Sprecken	 	 	 
	Title:
    	Chief
    Development OfficerMASTER
FACILITY LICENSE AGREEMENT

 

This
Master Facility License Agreement (this “Agreement”) is between LAF Canada Company, an entity organized under
the laws of Nova Scotia (“Licensor”), and Novo Healthnet Limited, Inc. an Ontario corporation (“Licensee”).
Licensor and Licensee are each sometimes referred to in this Agreement as a (“Party”) and collectively as the
(“Parties”). This Agreement shall be effective as of September 24, 2019 (such date, the “Effective
Date”).

 

Licensor
is engaged in the business of operating facilities at which it provides health club services to individuals who have executed
membership agreements with Licensor or who are otherwise authorized by Licensor to access such facilities (such individuals, as
determined solely by Licensor, “Members”).

 

Licensee
is engaged in the business of providing physical therapy and ancillary health services, and identifying third parties to be approved
by Licensor (as approved, “Sublicensees”) to provide such services in certain of Licensors facilities, as designated
herein.

 

The
Parties therefore agree as follows:

 

1.
Licenses.

 

1.1.
Grant by LMA and Facility License Agreement. It is acknowledged that, from time to time as set forth herein or as the Parties
otherwise agree, Licensee may wish to identify Sublicensees to provide certain services in facilities operated by Licensor, and
Licensor may (subject to the satisfaction of any reasonable due diligence requests) desire to grant to such Sublicensees the right
to do the same. In such an event, the Parties agree that: (a) for each Facility (as defined below), with the exception of the
Initial Licenses (as defined and as set forth below), the Parties will execute a location memorandum agreement in substantially
the form attached hereto as exhibit A-1 (each such fully-executed memorandum, an “LMA”), and (b) for each Sublicensee,
Licensee will execute a Facility License Agreement in substantially the form attached hereto as exhibit A-2 (a “Facility
License Agreement”), it being understood and agreed that each LMA and/or Facility License Agreement may set forth additional
terms and conditions with respect to the provision of Services in any particular Service Area. Each Facility License Agreement
shall be subject to Licensor’s prior written approval, which approval may be withheld in Licensor’s sole and absolute
discretion. Upon the execution of the applicable LMA and Facility License Agreement, Sublicensee shall have the right, subject
to the terms hereof, to (A) occupy and use, on an exclusive basis, for the purposes of providing the Services (as defined in section
5.2.1), within the Licensor facility identified in such LMA (such a facility, a “Facility”), in an area of
space specified in such LMA (such a specified area, a “Service Area”); (B) access and use, on a non-exclusive
basis, for the purpose of providing the Services, the Facility’s Equipment and a Pool Lane (as defined below); and (C) use,
on a non-exclusive basis, such Facility’s common areas (e.g., the lobby and reception area) solely as necessary to access
the Facility’s Service Area, Equipment and a Pool Lane (any such license granted by an LMA, including each of the Initial
Licenses described in section 1.2, a “License”). For the avoidance of doubt, as between the Parties, this Agreement
will govern the construction, opening and provision of Services in each Service Area and the execution of each LMA shall also
subject the construction, opening, and provision of Services in each Service Area to the terms and conditions of this Agreement.
For the further avoidance of doubt, an LMA must be executed by the Parties for each License other than the Licenses set forth
on schedule 1.2, and each LMA shall grant a separate License for the particular Facility identified therein.

 

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1.1.1
Direct Provision of Services by Licensee. In the event that Licensee desires to provide Services directly (as opposed to
a Sublicensee providing Services) within a Services Area, a Facility License Agreement need not be executed for such License;
however, for the avoidance of doubt, in the event Licensee provides such Services or assumes any obligations of a Sublicensee,
Licensee shall be considered a “Sublicensee” for the purposes of this Agreement and all terms and provisions of this
Agreement applicable to Sublicensees and all terms and provisions of the applicable Facility License Agreement shall apply to
Licensee.

 

1.2.
Initial Licenses. This Agreement grants separate Licenses for each of the Licenses listed on schedule 1.2 (subject to the
provisions in section 1.5 pertaining to Licensor’s revocation rights) without requiring an LMA to be executed for such Licenses
(hereafter, the Licenses listed on schedule 1.2 shall be referred to as the “Initial Licenses”); provided,
however, that the Initial Licenses will only be in effect if Licensee has executed a Facility License Agreement with the Sublicensee(s)
who intend to provide Services with respect to the Initial Licenses, and provided further, that Licensor reserves the right to
revoke certain Initial Licenses if the conditions set forth in section 1.5 are not satisfied. The Parties agree that while additional
Licenses may be granted from time to time pursuant to section 1.1 above, this Agreement does not obligate either Party to agree
to any additional Licenses other than the Initial Licenses.

 

1.3.
No Tenancy Created. Licensee specifically covenants and agrees, for Licensor’s benefit, and as a material condition
of this Agreement, that neither this Agreement nor any License granted hereunder nor any of Licensee’s rights in connection
herewith or therewith shall constitute a lease and that Licensee shall not bring any action against Licensor or interpose any
defense against Licensor based upon the theory that this Agreement or any License granted hereunder constitutes a lease; and Licensee
expressly waives any substantive or procedural rights that Licensee may have that are predicated upon the rights of a tenant of
real property. Notwithstanding anything in this Agreement to the contrary, should this Agreement be deemed by any court, governmental
authority, or quasi-governmental authority to constitute or create a lease, then Licensor shall have all of the rights and remedies
of a Facility Owner of real property available pursuant to applicable law.

 

1.4
Sublicensees.

 

1.4.1
Screening and Prior Consent. Prior to entering into any Facility License Agreement for a Facility, Licensee must: (a) screen
the prospective Sublicensee to determine if the prospective Sublicensee meets the managerial, operational, experience, quality,
character and business standards established by Licensee and those that may be specified by Licensor from time to time, (b) provide
Licensor with any and all information that Licensor reasonably requests in order to evaluate the prospective Sublicensee, and
(c) obtain Licensor’s written consent of the prospective Sublicensee. Licensor will grant or withhold its consent within
30 days after receipt of all information specified in this section. Licensor will have no obligation to consent to any prospective
Sublicensee presented by Licensee, and its consent may be withheld in its sole and absolute discretion.

 

1.4.2
Execution of Agreements. With respect to each Facility, Licensee will enter into a Facility License Agreement with the
applicable Sublicensee. Licensee will ensure that Licensor receives a fully-executed copy of each Facility License Agreement executed
pursuant to this Agreement prior to any Sublicensee opening for business at a Facility.

 

1.4.3
Sublicensee Information. During the Master Term, Licensee will provide to Licensor any information relating to the any
Sublicensee that Licensor reasonably requests from time to time, including an up-to-date list of each Sublicensee and the Facility
at which each Sublicensee provides Services.

 

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1.4.4
Termination of Facility License Agreement. If a Facility License Agreement is terminated or a Sublicensee otherwise ceases
to operate at a Facility prior to the expiration or termination of the applicable License Term for any reason, Licensee shall
have the right, but not the obligation, to operate in place of such Sublicensee at the applicable Facility in accordance with
the terms of this Agreement and the applicable LMA and Facility License Agreement until such time as Licensee identifies a prospective
Sublicensee that Licensor approves in accordance with this section 1.4 to provide Services within the Service Area for the remainder
of the applicable License Term.

 

1.5
Development Obligation. Licensee commits to develop and open for business within: (a) at least 4 of the Facilities listed
on schedule 1.2 by December 31, 2019; and (b) beginning in the month of January 2020, at least 2 additional Facilities listed
on schedule 1.2 per calendar month until all of the Facilities listed on schedule 1.2 have opened for business (the foregoing
obligation, the “Development Obligation”). In the event that Licensee fails to meet the Development Schedule
(regardless of the month in which such noncompliance with the Development Schedule occurs), the Initial Licenses which Licensee
has developed and opened for business shall remain unaffected; however, Licensee shall lose the right to develop the remaining
Initial Licenses and Licensor shall, within such Facilities, have the right to provide (or contract with a third party to provide)
services which may be competitive with Licensee’s services.

 

1.6
Parent Guaranty. Licensee represents and warrants that it is a wholly-owned subsidiary of Novo Integrated Sciences, Inc.,
a Nevada corporation (“Parent”). Parent shall execute a guaranty (the “Parent Guaranty”)
in a form approved by Licensor whereby Parent will guaranty the full, unconditional, and prompt performance of Licensee’s
obligations hereunder (including the payment of all fees and other amounts payable under the MFLA). For the avoidance of doubt,
the Parent Guaranty will guaranty the prompt payment and performance of Licensee’s obligations with respect to all Licenses
hereunder. The parties agree that the Parent Guaranty shall remain in effect until the termination or expiration of the Agreement.

 

2.
Service Areas.

 

2.1.
Tender of a Service Area. Following Licensor’s timely receipt of all monies due to Licensor within three business
days after the Grant Date of a License (including, but not limited to, the deposits set forth in sections 4.3 and 4.4) and provided
that the LMA and Facility License Agreement for the applicable Facility have been executed (a) Licensor shall deliver the applicable
Service Area in “AS IS” condition and with all faults (including, without limitation, as subject to vibrations, odors,
and noises from Licensor’s operations, and subject to all applicable laws (including all zoning, municipal, county, provincial
and state laws, ordinances and regulations governing the Service Area and Facility) and any easements, covenants or restrictions
of record with respect thereto) and with all mechanical systems that serve the Service Area (e.g., electrical, HVAC) in good and
working order (and Licensee agrees that the manner in which such Facility as a whole is heated, ventilated and air conditioned
by Licensor in the ordinary course is sufficient for the operation of Licensee’s and the applicable Sublicensee’s
business in the applicable Service Area), and (b) Licensee and its contractors shall be afforded access to the applicable Facility
during its normal business hours (unless otherwise agreed by Licensor) solely as necessary to construct the Improvements to the
corresponding Service Area, provided that Licensee will (and will cause its contractors to) minimize any undue disruptions to
Licensor’s business during such periods of access.

 

    	 	3	 

    	 

    

 

2.2.
Construction of a Service Area. With respect to each License granted hereunder, unless the Parties otherwise mutually agree
in the corresponding LMA, the following shall apply: (a) Licensee shall be responsible for providing, at the Facility subject
to such LMA, a Service Area with only such mutually agreed improvements and FF&E as are (i) set forth in a written, detailed
construction memorandum that shall include, inter alia, construction drawings, plans and specifications and an estimated
date of completing the construction of such improvements and the installation of such FF&E (such improvements and FF&E,
the “Improvements”; such memorandum, in substantially the form attached hereto as exhibit C, a “Construction
Memorandum”; and such estimated date, an “Estimated Completion Date”) or (ii) otherwise approved
by Licensor in advance; (b) Licensee’s construction and installation of such Improvements shall commence promptly following
(and no sooner than) the Grant Date of the applicable License and Licensor’s (i) receipt of the fully-executed LMA and Facility
License Agreement for the applicable License, (ii) written approval of the Construction Memorandum for such Facility (as evidenced
by Licensor’s execution of such Construction Memorandum), which approval Licensor may withhold if Licensee is in default
under or breach of this Agreement (including with respect to any other License) and has failed to timely cure such default or
breach if curable hereunder; (iii) written approval of any and all general contractors engaged to improve the Service Area (which
contractors shall be licensed, insured, non-union, possessing of good labor relations, and experienced in commercial construction);
(iv) receipt of copies of, or reasonably satisfactory evidence that Licensee or the applicable Sublicensee has obtained, such
licenses or permits as are required by applicable law with respect to Licensee’s proposed construction of and Licensee’s
or the applicable Sublicensee’s operation of business in the Service Area at such Facility (to the extent such licenses
or permits may be obtained prior to the commencement of construction and installation of the Improvements); (v) receipt of any
permits or approvals (including, but not limited to, construction permits, building permits, entitlement approvals or approvals
necessary under Licensor’s premises lease for the applicable Facility) required to construct the Improvements (or copies
thereof); and (vi) receipt of all monies then due to Licensor (including, but not limited to, the deposits set forth in sections
4.3 and 4.4); and (c) Licensee shall be responsible for 100% of the construction and installation costs related to the Improvements
(including, but not limited to, the costs of any construction permits, building permits, entitlement approvals or approvals necessary
under Licensor’s premises lease for the applicable Facility. For the avoidance of doubt, Licensee shall be solely responsible
for equipping a Service Area with any and all FF&E, for the costs of such FF&E and for any and all expenses related to
such FF&E, and after the Commencement Date of a License, any and all upgrades to the corresponding Service Area will also
be at Licensee’s sole cost and expense and subject to Licensor’s prior written consent, and except as may be expressly
provided elsewhere in this Agreement, Licensor shall not be required to repair or replace any broken or damaged items in a Service
Area. For the purposes hereof, “FF&E” shall mean any furniture, fixture, or equipment that is not permanently
attached to the building and which is necessary or reasonable for Licensee’s or Sublicensee’s business, including,
but not limited to: seating, desks and chairs; storage and display shelves; telephone systems, phones, accessories and cabling;
televisions and monitors, video equipment and connections; computer(s), server(s) with back-up systems, terminals and screens;
functional and decorative art, framed art, art objects, mirrors and accessories; security systems; signage and branding; and other
equipment and incidentals. Notwithstanding the foregoing, Licensee agrees and acknowledges that, unless otherwise noted in the
applicable LMA, this Agreement does not grant Licensee any ownership interest in any improvements, furniture, fixtures and equipment
owned by Licensor, whether located in a Service Area or otherwise.

 

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2.3.
No Liens. Licensee shall not permit any mechanic’s, materialman’s or other lien to any Service Area or Facility
in connection with any labor, materials or services furnished or claimed to have been furnished to a Service Area or Facility,
or in connection with any Improvements made, by or on behalf of Licensee. If any such lien shall be filed against a Service Area
or Facility, Licensee shall cause the same to be discharged of record or bonded to the reasonable satisfaction of Licensor. If
Licensee shall fail to cause such lien to be so discharged or bonded within 30 days after written notice of the filing thereof,
then, in addition to any other right or remedy of Licensor, Licensor may, but shall not be obligated to, discharge the same by
(a) paying the claimant an amount sufficient to settle and discharge the claim, (b) posting a release bond, or (c) taking such
action as Licensor shall deem appropriate in Licensor’s sole discretion. Licensee shall pay to Licensor, on demand, all
costs incurred by Licensor in settling and discharging any such lien (including reasonable attorneys’ fees and bond premiums).

 

2.4.
Completion of Improvements; Opening for Business. Prior to opening for business in a Service Area, Licensee shall (a) notify
Licensor in writing of the completion of construction and installation of the Service Area’s Improvements (such notice,
a “Completion Notice”), (b) provide Licensor with written proof that Licensee has fully paid any and all contractors
for all work performed in connection with the construction and installation of the applicable Improvements, and (c) permit Licensor
to inspect such Service Area to determine whether the Improvements comply with the requirements of this Agreement and the applicable
Construction Memorandum. Within five business days after its receipt of a Completion Notice, Licensor shall deliver written notice
to Licensee that either (i) identifies any defective, non-compliant or reasonably disapproved work in the applicable Service Area
(a “Disapproval Notice”) or (ii) approves of the applicable Improvements (an “Approval Notice”).
If Licensor delivers a Disapproval Notice to Licensee, Licensee must remedy the work identified in such Disapproval Notice and
thereafter send Licensor another Completion Notice notifying Licensor of the same, and upon receipt of such Completion Notice,
Licensor shall again have five business days to deliver a Disapproval Notice or an Approval Notice to Licensee with respect to
the Improvements. Notwithstanding the foregoing, if within five business days after its receipt of a Completion Notice, Licensor
fails to deliver a Disapproval Notice or an Approval Notice, then the applicable Improvements shall be deemed approved by Licensor
(and such failure shall not be deemed a breach or default). In no event may Licensee or a Sublicensee open for business in a Service
Area prior to the earlier of (A) Licensee’s receipt of an Approval Notice or (B) five business days after Licensee’s
delivery of a Completion Notice to Licensor and not receiving a Disapproval Notice with respect to the applicable Service Area.
Further, in no event shall Licensor’s failure to deliver a Disapproval Notice, or Licensor’s delivery of an Approval
Notice, constitute a waiver of any of Licensor’s rights hereunder, including the right to enforce the terms and conditions
of this Agreement or the applicable Construction Memorandum, whether relating to conditions that existed at the time of its receipt
of a Completion Notice or not.

 

2.5.
Maintenance, Repairs and Alterations. Licensee shall, and shall ensure that Sublicensees, at Licensee’s and Sublicensee’s
sole cost and expense, maintain each Service Area in a neat, first-class condition, and keep in good order, condition and repair
all FF&E therein, and all maintenance, repairs, alterations, improvements, installations and modifications to the Service
Area shall be at Licensee’s or the applicable Sublicensee’s sole cost and expense. Following the completion of construction
and installation of the Improvements of each Service Area, neither Licensee nor any Sublicensee shall make any further alterations,
improvements, installations or modifications to a Service Area without Licensor’s prior written consent, which consent may
be withheld in Licensor’s sole and absolute discretion (any such approved alterations, etc., “Permitted Alterations”).
Should Licensee or any Sublicensee make any alterations, improvements, installations or modifications to a Service Area without
the prior written approval of Licensor, or use a contractor not expressly approved by Licensor, Licensee or Sublicensee (as directed
by Licensor) shall remove the same and repair any damage occasioned by the installation or removal of the same, at Licensee’s
sole cost and expense upon surrender of the Service Area, and, in addition, at any time during the applicable License Term Licensor
may require that Licensee or Sublicensee (as directed by Licensor) remove any part or all of such unapproved alterations, improvements,
installations or modifications, and repair any damage occasioned by the installation or removal of the same, at Licensee’s
or the applicable Sublicensee’s sole cost and expense. All Service Area alterations, improvements, installations and modifications
by Licensee or Sublicensees (including, without limitation, any Permitted Alterations), and all repairs and replacements of FF&E,
shall be made and done in a good and workmanlike manner and be of good and sufficient quality and material, and all such alterations,
improvements, installations and modifications (but not any FF&E) shall be the property of Licensor and (if not required to
be removed) shall remain upon and be surrendered to Licensor with the Service Area at the termination or expiration of the applicable
License Term, except as otherwise provided herein. Licensor will have access to each Service Area, including all storage areas
therein, other than areas containing “personal information” or “personal health information” or “protected
health information” as such terms are defined under Canada’s Personal Information Protection and Electronic Documents
Act (“PIPEDA”), Ontario’s Personal Health Information Protection Act (“PHIPA”) and
the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), respectively (such information,
“PHI”) to conduct inspections and undertake such maintenance, repairs and alterations as Licensor deems necessary
or desirable upon 24 hours’ notice to Licensee. Licensee will supply Licensor with a key to all lockable doors within each
Service Area, including all storage areas other than areas containing PHI, and shall cooperate fully with Licensor’s personnel
in the event that Licensor determines the need to access and inspect the Services Area.

 

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2.6.
Suitability of Facilities and Service Areas. No representations, warranties or covenants are made by Licensor regarding
the present or future suitability of any Facility or Service Area for the conduct of Licensee’s or Sublicensee’s business
therein, or that any Service Area or Facility meets current laws governing the operation of Licensee’s or Sublicensee’s
business or provision of Services. By executing an LMA, Licensee acknowledges and agrees that Licensee has satisfied itself by
Licensee’s own independent investigation that the Facility identified thereon is suitable for Licensee’s and the applicable
Sublicensee’s intended use and that the manner in which the Facility as a whole is heated, ventilated and air conditioned
by Licensor in the ordinary course of Licensor’s business is sufficient for the operation of Licensee’s and the applicable
Sublicensee’s business and the provision of Licensee’s and the applicable Sublicensee’s Services and accepts
the Facility and its Service Area in an “AS IS” condition and with all faults (including, without limitation, as subject
to vibrations, odors, and noises from Licensor’s operations, and subject to all applicable laws (including all zoning, municipal,
county, provincial and state laws, ordinances and regulations governing the Service Area and Facility) and any easements, covenants
or restrictions of record with respect thereto).

 

3.
Duration.

 

3.1.
Master Term. Unless sooner terminated as provided herein, the term of this Agreement shall begin as of the Effective Date
and shall expire simultaneously with the expiration or the earlier termination of the License Term (as defined below) of the last
remaining License granted hereunder (such term of this Agreement, the “Master Term”). Upon the expiration or
termination of this Agreement, the Master Term shall automatically end and the rights of Licensee granted hereunder and under
any non-expired and non-terminated Licenses (and all rights of all Sublicensees to occupy the Facilities) shall likewise terminate,
except as may otherwise be expressly provided herein.

 

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3.2.
License Term. The initial term of each License granted hereunder shall begin on, and such grant shall be effective as of,
such License’s Grant Date and shall continue for a period of five years, unless sooner terminated as provided herein (each
such term, the “Initial License Term”). Each License’s Initial License Term shall be subject to an option
exercisable by Licensee to extend such term for one additional consecutive period of five years (each such option, an “Option”;
each such additional period, an “Option Term”; and any Initial License Term as the same may be extended by
an Option Term, a “License Term”). Provided that Licensee is not in default under or breach of this Agreement
(including with respect to any other License), and subject to the terms and conditions hereof, Licensee may exercise an Option
only by giving written notice thereof to Licensor at least 90 days prior to the expiration of the applicable Initial License Term,
and if Licensee fails to notify Licensor of its exercise of an Option by such deadline, said Option shall be of no force or effect.
Notwithstanding the foregoing or anything to the contrary herein, in no event shall a License Term continue beyond (a) the then-current
term of Licensor’s premises lease for the applicable Facility (including any renewal terms, if exercised) or (b) the termination
or expiration of this Agreement.

 

3.3.
License Grant Date. A License’s “Grant Date” shall be the date set forth in the applicable LMA.

 

3.4.
License Commencement Date. Without limiting the provisions of section 2.4, a License’s “Commencement Date”
shall be the earlier to occur of (a) the date on which Licensee receives an Approval Notice with respect to the corresponding
Service Area, (b) the date that is five business days after the date on which Licensee delivers a Completion Notice to Licensor
(provided that Licensee has not received within such period a Disapproval Notice with respect to the applicable Service Area),
(c) the date on which Licensee or the applicable Sublicensee actually opens for business in such Service Area; or (d) the date
that is 120 days after the applicable Estimated Completion Date of the License (or the date that is six months after the License’s
Grant Date if the Construction Memorandum fails to indicate an Estimated Completion Date).

 

4.
Fees and Payments.

 

4.1.
Monthly License Payment. With respect to each License granted hereunder, for the period beginning as of the Commencement
Date of such License and continuing until the expiration or earlier termination of such License, Licensee shall pay to Licensor,
for the right to provide the Services at the Facility subject to such License or to grant a license to a Sublicensee to do so,
a recurring monthly payment in the amount set forth on schedule 1.2 (for the Initial Licenses) or in the corresponding LMA (for
the Licenses other than the Initial Licenses) (such payment, the “Monthly License Payment”). Such payments
shall be made monthly in advance, on the first day of each month (or the next business day if the first day of the applicable
month is not a business day) of the applicable License Term, without offset or deduction. A Monthly License Payment that is due
with respect to any period during a License Term that is less than one month shall be prorated based on the actual amount of days
of the calendar month involved. Monthly License Payments will not be refunded, in whole or in part, upon any termination or expiration
of this Agreement or at any other time or under any other circumstances whatsoever except as expressly provided in this Agreement.
Monthly License Payments are subject to a periodic increase as set forth in section 4.8. In the event that Licensee does not pay
a Monthly License Payment, Licensor shall have the right (but not the obligation) to request the Monthly License Payment directly
from the applicable Sublicensee, and such Sublicensee shall be obligated to pay to Licensor such Monthly License Payment directly
upon demand by Licensor.

 

    	 	7	 

    	 

    

 

4.2.
Monthly License Payment Abatement. Notwithstanding the provisions in section 4.1 above and provided that Licensee is in
compliance with all other terms and conditions of this Agreement, in consideration of each License hereunder: (a) the first full
Monthly License Payment shall be abated in its entirety, (b) the second and third Monthly License Payments shall be abated by
50%, and (c) the fourth and fifth Monthly License Payments shall be abated by 25%. For the purposes of clarity, if the first month
of a License Term is a partial month for which a prorated Monthly License Payment applies (as provided in section 4.1), the prorated
Monthly License Payment for such month shall not be considered the first payment with respect to the abatement provision in this
section, but rather the Monthly License Payment for the immediately following month shall be considered the first payment subject
to abatement as provided in this section.

 

4.3.
First and Last Months’ Deposit. With respect to each License granted hereunder, Licensee shall, within three business
days after such License’s Grant Date, pay to Licensor a non-refundable amount equal to the sum of two full Monthly License
Payments under such License; such payment will be maintained by Licensor as a credit toward Licensee’s first full and last
full (i.e., non-prorated) months’ Monthly License Payments due with respect to such License. If a License’s Monthly
License Payment increases during the Master Term, Licensee shall, at the time of such increase, deposit with Licensor additional
money so that the total amount corresponding to the applicable License’s last months’ Monthly License Payment held
by Licensor pursuant to this section 4.3 equals the then-current amount of one Monthly License Payment due with respect to such
License.

 

4.4.
Facility Equipment Deposit. With respect to each License granted hereunder, Licensee shall, within three business days
after such License’s Grant Date, deposit with Licensor the sum of 50% of the Monthly License Payment under such License
as a deposit for such License (such deposit, the “Facility Equipment Deposit”). The Parties both agree that
this amount shall continue to be retained by Licensor for Licensee’s faithful performance of Licensee’s obligations
under this Agreement. If Licensee fails to pay any payment or other charges due hereunder, or otherwise defaults under or breaches
any provision of this Agreement, Licensor may use, apply or retain all or any portion of said deposit (a) as payment for any sum
(including any Monthly License Payment) due hereunder, (b) as payment for any other sum that Licensor may become obligated to
pay by reason of Licensee’s default or breach hereunder or the default of any Sublicensee or (c) to compensate Licensor
for any loss or damage which Licensor may suffer thereby. In addition, Licensor may use, apply or retain all or any portion of
any such Facility Equipment Deposit as payment for any out-of-pocket costs incurred by Licensor in connection with approving a
Construction Memorandum, whether or not such Construction Memorandum is executed by Licensor. If Licensor so uses or applies all
or any portion of any such deposit, Licensee shall, within five business days after written demand therefore, deposit cash with
Licensor in an amount sufficient to restore said deposit to the full amount then required of Licensee. If a Monthly License Payment
increases during the applicable License Term, Licensee shall, at the time of such increase, deposit with Licensor additional money
so that the total amount corresponding to the applicable License’s Facility Equipment Deposit held by Licensor pursuant
to this section 4.4 equals the then-current amount of 50% of one current Monthly License Payment due with respect to such License.
Licensor shall not be required to keep any Facility Equipment Deposit separate from its general accounts. With respect to each
License granted hereunder, if Licensee has performed all of Licensee’s obligations with respect to such License, said deposit,
or so much thereof as is not applied by Licensor as permitted hereunder, shall be returned, without payment of interest or other
increment for its use, to Licensee (or, at Licensor’s option, to the last assignee, if any, of Licensee’s interest
hereunder) within 30 days after the expiration of the applicable License Term and after Licensee and the applicable Sublicensee
has vacated the applicable Service Area and Facility. No trust relationship is created herein between Licensor and Licensee with
respect to said Facility Equipment Deposit.

 

    	 	8	 

    	 

    

 

4.5.
Required Capital Expenditures. With respect to each License granted hereunder, after the applicable Commencement Date,
Licensee shall not be responsible for any capital repairs, replacements or improvements to a Facility that would be considered
a “capital expenditure” under generally accepted accounting principles (a “Capital Expenditure”)
unless (a) Licensor is required to make such Capital Expenditure as a direct result of or in order to comply with any applicable
laws (including, without limitation, compliance with the Americans With Disabilities Act of 1990) and such Capital Expenditure
is for capital repairs, replacements or improvements to any portion of the applicable Facility of which a Service Area is a part
(in which case Licensee shall be responsible for Licensee’s Share of the costs of such Capital Expenditure) or (b) such
Capital Expenditure is required solely as the result of Licensee’s or a Sublicensee’s specific use of the Service
Area at the applicable Facility (in which case Licensee shall be wholly responsible for the costs of such Capital Expenditure).
In the event Licensee is responsible, in whole or part, for the costs of a Capital Expenditure under this Agreement, Licensor
shall provide Licensee with 30 days’ prior written notice that Licensee shall be obligated to pay such costs within 30 days
after Licensee’s receipt of an invoice therefor. As used in this Agreement, “Licensee’s Share”
shall be determined by multiplying the total costs of the Capital Expenditure by a fraction, the numerator of which is the floor
area of the applicable Service Area and the denominator of which is the floor area of the applicable Facility (provided, however,
that if such Capital Expenditure relates solely to the Service Area, then Licensee’s Share shall equal 100%). Licensee’s
Share of a Capital Expenditure shall be paid without any deductions, set-offs or counterclaims, and failure to pay such sum shall
carry the same consequences as Licensee’s failure to pay Monthly License Payments when due.

 

4.6.
Late Charges. Licensee acknowledges that late payment by Licensee to Licensor of any Monthly License Payment or other sum
due hereunder will cause Licensor to incur costs not contemplated by this Agreement, the exact amount of which will be extremely
difficult to ascertain. Such costs include, but are not limited to, processing and accounting charges. Accordingly, if any Monthly
License Payment or other sum due from Licensee shall not be received by Licensor or Licensor’s designee on or before the
date that it is due, then, without any requirement for notice to Licensee, Licensee shall pay to Licensor a late charge equal
to three percent of such overdue amount. In addition, if the payment is more than three days late, interest in the amount of five
percent per month, or the maximum amount permitted by law, whichever is less, shall be due on the overdue amount until full payment
is received by Licensor or its designee. The Parties hereby agree that such late charge and interest represent a fair and reasonable
estimate of the costs Licensor will incur by reason of late payment by Licensee. For the avoidance of doubt, Licensor’s
election to collect unpaid Monthly License Payments (as set forth in section 4.1 above) shall not preclude Licensor from collecting
from Licensee the late charges set forth in this section. Notwithstanding anything in this Agreement to the contrary, acceptance
of such late charge and interest by Licensor shall in no event constitute a waiver of any default by Licensee with respect to
such overdue amount, nor shall it prevent Licensor from exercising any of its other rights or pursuing any remedies available
to it hereunder or in law or equity.

 

4.7.
Taxes. In addition to the sums above, Licensee and Sublicensees will pay all federal, provincial, state and local sales,
value added, use, privilege and excise taxes, all taxes on license fees and rental payments (if any) and all similar taxes arising
from Licensee’s and/or Sublicensee’s operations under this Agreement prior to delinquency (excluding any taxes based
upon Licensor’s net taxable income and any real estate taxes to be paid by Licensor with respect to a Facility). If such
taxes are due based on the locality of a Facility subject to a License hereunder, such taxes shall be paid by Licensee concurrently
with the other payments due under such License (e.g., with the monthly payments of the Monthly License Payment). If any federal,
provincial, state or local sales, value added, use, privilege and excise taxes are due relating to Licensee’s or Sublicensee’s
business, then Licensee or the appropriate Sublicensee, as applicable, will report the taxes directly to the applicable taxing
authority. Licensee and Sublicensees shall also pay prior to delinquency all taxes assessed against and levied upon FF&E and
all other personal property of Licensee and Sublicensee contained in or about any Facility or Service Area and remit such taxes
directly to the applicable taxing authority.

 

    	 	9	 

    	 

    

 

4.8.
Monthly License Payment Adjustment. Beginning on the first anniversary of the Commencement Date of each License and on
each one-year anniversary of such date thereafter (each such date, an “Anniversary Date”), the amount of the
Monthly License Payment due each month under the applicable License shall be increased by a sum equal to two percent of the then-current
Monthly License Payment amount (i.e., the Monthly License Payment amount due immediately prior to the applicable Anniversary Date).
Licensor shall compute the amount of the applicable increase and provide written notice of the same to Licensee; provided, however,
that Licensor’s failure to provide such notice in a timely manner shall not relieve Licensee of its obligation to pay such
increased amounts.

 

4.9.
Payee Information; Miscellaneous. Licensee’s obligation to pay Licensor the fees and payments described in this section
4 is not dependent on Licensee’s receipt of any payments from any Sublicensees. All payments made pursuant to this Agreement
shall be made in Canadian Dollars and paid via preauthorized debit agreement, as authorized in exhibit D, to LAF Canada Company
at 3161 Michelson Drive, Suite 600, Irvine California 92612, Attention: Licensing Department or as Licensor otherwise designates
in writing to Licensee. The Parties agree that all fees, payments, and deposit amounts set forth in this section 4 reflect fair
market value. No amounts paid to Licensor will be refunded, in whole or in part, upon any termination of this Agreement or at
any other time or under any other circumstances whatsoever, except as expressly provided in this Agreement, and there shall be
no abatement of any of Licensee’s payments due hereunder following a License’s Commencement Date, except as expressly
provided herein. Licensee may not, under any circumstances, set off, deduct or otherwise withhold any payments, interest charges,
late fees or any other monies payable under this Agreement on grounds of Licensor’s alleged non-performance of any obligations.

 

5.
Operations.

 

5.1.
Customers. Subject to the terms and conditions hereof, Sublicensees shall have the right to provide the Services both to
customers of Sublicensee’s business who are Members and to customers who are not Members (and customers who are not Members
shall have no obligation to become Members in order to receive the Services) (any such customers of Sublicensees, or guests of
customers of Sublicensees, “Customers”). Prior to being granted access to a Facility, each Customer must present
identifying materials documenting such Customer’s affiliation with the applicable Sublicensee. Each Customer must remain
under the direct supervision of the applicable Sublicensee at all times while such Customer is utilizing the Services, and all
Customers will be subject to the rules and regulations set forth by Licensor, or incorporated by reference, in exhibit E hereto
(the “License Rules and Regulations”), as well as any rules and regulations posted in a particular Facility,
all of which Licensor may modify from time to time. Sublicensees shall require all Customers to sign a waiver and release of liability
in a form approved by Licensor prior, and as a prerequisite, to receiving Services, and Sublicensees shall retain such waivers
executed by its Customers and provide complete copies thereof to Licensor upon request. Until notified by Licensor of a change
in the form of such waiver and release of liability, Sublicensees shall require Customers to sign the form attached hereto as
attachment B to exhibit E.

 

    	 	10	 

    	 

    

 

5.2.
Permitted Uses.

 

5.2.1.
Service Area. With respect to each License granted hereunder, each Sublicensee shall be permitted to offer, advertise,
sell and provide to Customers within the applicable Service Area only the services set forth on exhibit B (such services, the
“Services”), subject to the terms and conditions hereof.

 

5.2.2.
Equipment. With respect to each License granted hereunder, each Sublicensee shall be permitted to make limited use of the
fitness equipment located outside of the Service Area at the Facility subject to such License (collectively, the “Equipment”),
provided that (a) such Equipment is not otherwise in use or needed by Licensor, Members or Licensor’s other guests or invitees,
(b) Sublicensee does not cause any particular piece of Equipment to be used continuously for more than 30 minutes, (c) each Customer
remains under the direct supervision of a Sublicensee-employed licensed physical therapist or licensed physical therapist assistant
at all times, (d) no more than three Customers and three such Sublicensee personnel are using Equipment at any given time and
(e) Sublicensee returns all moveable Equipment to its proper location within the Facility after each use.

 

5.2.3.
Pool Lane. With respect to each License granted hereunder, Sublicensee shall be permitted to use up to one lap lane of
the Facility’s existing pool (if any) a (“Pool Lane”) for the sole purpose of providing the Services,
provided that (a) Licensor’s pool-based group fitness classes are not in session, (b) each Customer using the Pool Lane
remains under the direct supervision of a Sublicensee-employed licensed physical therapist or licensed physical therapist assistant
at all times, (c) no more than three Customers and three such Sublicensee personnel are using the Pool Lane at any given time
and (d) Licensee ensures, at Licensee’s or Sublicensee’s sole cost and expense, that one individual employed by Licensee
or Sublicensee who is CPR and First Aid certified by the American Red Cross, or other equivalent program, remains on duty for
the benefit and supervision of Sublicensee’s Customers in the pool (unless applicable law requires a greater level of supervision
for Sublicensee’s Customers in the pool, in which case Licensee shall provide such greater supervision at Licensee’s
or Sublicensee’s sole cost and expense).

 

5.3.
Prohibited Uses. Except as set forth in 5.2, exhibit B, or as otherwise expressly permitted herein, Licensee and Sublicensee
are prohibited from engaging in any activities at any Facility without the prior written permission of Licensor. Without limiting
the foregoing, Licensee and Sublicensee are expressly prohibited from offering, advertising, selling or providing any (a) Personal
Training or (b) memberships, or other means of access, to any Licensor facilities (apart from memberships or access solely to
Sublicensee’s business in a Service Area). In addition, neither Licensee, any Sublicensee, nor any of their agents, contractors,
employees, representatives, Customers, guests or invitees (together with Licensee, the “Licensee Parties”)
shall have any right to access or use any facilities, amenities or services in any Licensor facility (including, without limitation,
a Facility’s exercise equipment, workout floor, racquetball courts, basketball courts, lobby chairs, “Kids Klub,”
“Kids Klub” restrooms, locker rooms, lockers, showers, saunas group fitness classes, towels, pool, and spa), except
as strictly necessary to access and use a Facility’s Service Area or if such Licensee Party is a Member or has a current
Licensor-issued guest pass permitting access to or use of such facilities, amenities or services. Notwithstanding the foregoing
(i) Sublicensee’s employees and Customers who are not Members may access a Facility’s locker rooms solely for the
limited purpose of using the restrooms therein and not for changing or storing clothes or other uses, (ii) a Sublicensee employee
who is a Member may use a Facility’s facilities, amenities and services pursuant to the terms of such person’s membership
agreement with Licensor, but only during hours when such person is not working or scheduled to work, in the Facility as an employee
of Sublicensee and (iii) a Customer who is a Member may use a Facility’s facilities, amenities and services pursuant to
the terms of such person’s membership agreement with Licensor. Licensee or Sublicensee, as applicable, shall inform all
Licensee Parties of the foregoing restrictions in this section. For the purposes of this Agreement, “Personal Training”
means athletic training, physical training, personal training or similar services (including, without limitation, instruction,
education, guidance, advice, training, counsel or assistance with respect to bodybuilding, weight loss, figure development, nutrition,
diet, physical fitness, exercise, cardiovascular endurance, flexibility, muscular strength or muscular endurance, as well as assessing
fitness needs, designing appropriate exercise regimens, and motivating clients to achieve fitness goals) rendered on a one-on-one
or small-group basis.

 

    	 	11	 

    	 

    

 

5.4.
License Rules and Regulations. Licensee shall, and Licensee shall instruct the other Licensee Parties (as applicable) to,
observe and comply with the License Rules and Regulations. Licensor reserves the right to modify the License Rule and Regulations
and adopt such other rules and regulations as Licensor may deem necessary in Licensor’s sole and absolute discretion for
the operation of any Facility at any time; provided, however, that Licensor agrees to apply and enforce the License Rules and
Regulations in substantially the same manner that it applies and enforces such License Rules and Regulations with respect to its
other customers and licensees. The License Rules and Regulations shall be binding and conclusive on the Licensee Parties (as applicable)
and are not subject to a standard of reasonableness.

 

5.5.
Business Hours. Sublicensee’s anticipated hours of operation at each Service Area will be set forth in the applicable
LMA. Each Sublicensee shall post a sign, the form and content of which must be approved in writing by Licensor, in each Service
Area listing the hours that such Service Area is open for business. Licensee agrees that neither it nor any Sublicensee shall
have any right of access to any Facility or Service Area when the Facility is not open for business. Licensor will use commercially
reasonable efforts to provide Licensee as much advance notice as is practical if a Facility is not going to be open for its normal
business hours.

 

5.6.
Parking. Licensee Parties (including all Sublicensees) shall abide by any vehicle parking rules and regulations as set
forth by Licensor relating to each Facility. The Licensee Parties shall have the same rights and obligations to the non-exclusive
use of available parking at each Facility as are enjoyed by or as are imposed on Licensor’s Members who use such Facility.
Notwithstanding the foregoing, Licensor reserves the right to be reimbursed by Licensee for any parking fees that Licensor may
be required to pay as a result of Licensee Parties parking at the Facility.

 

5.7.
No Nuisance. At each Facility subject to a License hereunder, Licensee agrees that it, and each Sublicensee, shall conduct
its business and control and supervise the Licensee Parties in such a professional manner so as not to create any nuisance or
interfere with, annoy, or disturb (including, without limitation, as a result of any picket, strike or labor dispute at or near
the Facility by Licensee’s or Sublicensee’s employees) Licensor’s operation of the Facility or any of Licensor’s
employees, Members, licensees or invitees.

 

5.8.
No Disparagement; Cooperation. Licensee, Sublicensee, and their agents, contractors, employees and representatives shall
(a) not speak negatively to Customers or Members (or prospective Customers or Members) about any of the Licensor Parties, any
other Licensor’s other licensees or any Licensor facility (including any Facility), or in any way directly or indirectly
make any remarks, orally or in writing, whether to the media or via social media or otherwise, that could reasonably be construed
as disparaging of or intended to be harmful to the business, business reputation or personal reputation of any of the Licensor
Parties or any such licensees, (b) not promote, at a Facility, any health and fitness facilities that compete with Licensor, and
(c) work cooperatively with Licensor’s personnel.

 

    	 	12	 

    	 

    

 

5.9.
Personnel. Licensee will remain active in overseeing the operation of Sublicensee’s business in the Facilities. Licensee
or Sublicensees (as applicable) shall be responsible for providing all staffing necessary to provide the Services. In connection
with the development and operation of Sublicensee’s business at a Facility, Licensor will have no responsibility or obligation
with respect to (a) hiring, training or supervising efficient, competent and courteous employees of good character for the operation
of the Sublicensee’s business, (b) the terms of such employees’ employment and compensation or (c) the proper training
of such employees in the operation of Sublicensee’s business. Licensee represents, warrants and covenants that all staff
employed by, or providing services to or on behalf of, Licensee or Sublicensee (as applicable) are and will at all times be duly
licensed and credentialed, to the extent required by applicable law. Licensee will, and will cause each Licensee Party, to abide
by all laws while in the Facilities, including but not limited to laws against harassment and discrimination, as well as all state
and federal labor laws. Licensee will, and will require each Sublicensee, to maintain all legally required insurance (e.g. workers’
compensation and unemployment) and benefits with regard to its employees, comply with all state and federal wage and hour laws
and pay all applicable state, federal and local payroll taxes.

 

5.10.
Internet. Neither Licensee, Sublicensee, nor their agents, contractors, employees or representatives shall install any
Internet access, or access or use any Licensor-provided Internet access available at a Facility, without the prior written approval
of Licensor’s Chief Information Officer, Principal IT Architect or Director, IT Infrastructure.

 

6.
Compliance.

 

6.1.
Compliance with Laws. Licensee represents and warrants that attached hereto as schedule 6.1 is a list of all licenses and
permits that Sublicensee needs to perform the Services at each Facility licensed hereunder. Licensee further covenants to update
schedule 6.1 as necessary to comply with the preceding sentence. Notwithstanding the foregoing, Licensee shall, and shall cause
each Sublicensee to, obtain and maintain in good standing throughout Master Term all licenses and permits that are legally required
in connection with the conduct, ownership, use, occupancy or operation of Sublicensee’s business and provision of Sublicensee’s
Services at each Facility, whether or not contained on schedule 6.1 hereto. Licensee covenants that it shall cause the agents,
contractors, employees and representatives of Licensee and Sublicensee to, at Licensee’s sole cost and expense, comply with
all applicable federal, provincial, state, county and municipal laws, codes, rules, orders, requirements, ordinances and regulations
governing the operation of Sublicensee’s business and the provision of Sublicensee’s Services in and about each Facility
and Service Area (including, without limitation, those requiring the licensure or certification of Licensee, Sublicensee, or their
agents, contractors, employees and representatives and the provision of Services to Customers, as well as any Payment Card Industry
security standards, if applicable). Licensee shall ensure that all Sublicensees conduct their business and provide their Services
and control and supervise their personnel in a lawful manner and shall not use or permit the use of any Facility or Service Area
in any manner that violates applicable laws. Licensee shall be solely responsible for compliance with any and all franchise laws
(such as those pertaining to franchise sales, registration, or disclosure) with respect to the Licensee-Sublicensee relationship.

 

6.2.
Certain Publicly Funded Programs. Licensee represents and warrants that neither Licensee nor Sublicensees participate in,
and covenants that neither Licensee nor Sublicensees will enroll as a provider or otherwise participate in, any state, provincial,
federal or other publicly funded healthcare program during the Master Term and will not submit any claims for reimbursement for
any of the Services to any state, provincial or federal healthcare program. Licensee represents and warrants that neither Licensee
nor Licensor are federal or provincial “prime contractors,” “subcontractors” or “first-tier subcontractors,”
as such terms are defined in 41 C.F.R § 60-1.3, or Medicare Advantage “first tier entities” or “downstream
entities,” as such terms are defined in 42 C.F.R. § 422.2 or government contractors of any sort (any of the foregoing,
a “Government Contractor”). Licensee agrees further that it shall notify Licensor immediately in the event
that it determines or is informed by any government agency that Licensee or any Sublicensee is a Government Contractor or if Licensee
or any Sublicensee intends to participate in any publicly funded healthcare program.

 

    	 	13	 

    	 

    

 

6.3.
No Referrals Required. The Parties expressly acknowledge that neither Licensor nor any of its owners, directors, officers,
agents, contractors, employees or representatives are required or have been encouraged to refer patients to Licensee or Sublicensee,
and that any remuneration paid to Licensor hereunder is not offered, paid, solicited or received with the intent of inducing or
encouraging the referral of patients or customers to Licensee or Sublicensee. The Parties further expressly agree that (a) each
Service Area does not exceed that which is reasonable and necessary for the legitimate business of Sublicensee in such Service
Area and (b) the fees and other remuneration paid to and received by Licensor hereunder (including, without limitation, Monthly
License Payments) (i) are set in advance, (ii) are consistent with fair market value, (iii) have been negotiated as part of an
arms-length transaction, (iv) do not take into account the volume or value of any referrals or other business generated between
the Parties, nor do they include any additional charges attributable to the proximity or convenience of either Party to the other
as a potential referral source, and (v) would be commercially reasonable even if no referrals are made between Licensee and Licensor
or their respective affiliates.

 

7.
Exclusivity; Non-Competition; Non-Solicitation.

 

7.1.
Exclusivity. Licensee acknowledges and agrees that it is not obtaining any exclusive rights to operate at the Facilities;
however, with respect to each License granted hereunder, for as long as such License is in effect and following the execution
by the Parties of an LMA for a particular Facility and, as applicable, the execution by Licensee and the applicable Sublicensee
of a Facility License Agreement for such Facility, Licensor shall not grant to any third party the right to offer the Services
at the Facility subject to such License. Licensor reserves to itself all access and use rights relating to its Facilities other
than those expressly granted under this Agreement. Without limiting the foregoing, Licensee acknowledges that, from time to time,
Licensor may arrange temporary promotions, sometimes involving third parties, to give away items or services to Licensor’s
Members or guests (which may include Customers); however, Licensor shall not include a direct third-party competitor of Licensee
or the applicable Sublicensee in any such promotions at a Facility. Licensor may, at Licensee’s request, but subject to
Licensor’s sole discretion, permit Licensee and Sublicensees to include promotions of Licensee’s and Sublicensee’s
Services during such temporary promotions. Any such promotions of Licensee’s and Sublicensee’s Services shall comply
with all applicable laws, rules and regulations.

 

7.2.
Non-Competition. At each Facility, Licensee, Sublicensee, and their agents, contractors, employees and representatives
at each Facility shall not sell, advertise, offer or promote, orally or in any medium that now exists or that exists in the future,
any fitness club operator other than Licensor.

 

7.3.
Non-Solicitation. During the Master Term and for a period of six months thereafter, Licensee agrees not to solicit for
hire any current or former employee of Licensor and Licensor agrees not to solicit for hire any current or former employee of
Licensee. Notwithstanding the foregoing, a Party may solicit or hire a current or former employee of the other Party (such soliciting
or hiring party, a “Hiring Party”) if such current or former employee (a) initiates contact with the Hiring
Party regarding possible employment or (b) responds to a general advertisement for employment placed by the Hiring Party (including,
without limitation, any general advertisement for employment placed on the Hiring Party’s website).

 

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7.4.
Member Contact. In no event will Licensee, Sublicensee, or their agents, contractors, employees or representatives encourage
any Member to disenroll from, or to cancel or freeze such Member’s membership or other agreement for personal training or
other services with, Licensor to facilitate a sale or continued provision of Services to such Member.

 

8.
Insurance.

 

8.1.
General Liability Insurance. Licensee shall, and shall cause each Sublicensee to, at such party’s sole expense, obtain
and keep in force during the Master Term a policy of comprehensive general liability insurance in an amount of not less than One
Million Dollars ($1,000,000) per occurrence, and with an aggregate of not less than Three Million Dollars ($3,000,000) of bodily
injury and property damage combined, or in such greater amounts as reasonably determined by Licensor, provided that Licensee and
each Sublicensee also maintains throughout the Master Term an excess or umbrella liability policy in an amount of not less than
Two Million Dollars ($2,000,000) (which aggregate amounts shall apply separately to each Facility and may not be combined with
other locations operated by Licensee or a Sublicensee without Licensor’s written approval). Such policies shall each (a)
insure Licensee and the Sublicensee and name Licensor and each Facility’s premises owner (“Facility Owner”)
as additional insureds against liability arising out of the use, occupancy or maintenance of each Service Area and Facility by
the Licensee Parties, (b) include a waiver of subrogation in favor of Licensor and each Facility Owner, (c) be written as primary
policy coverage and non-contributing with respect to any coverage that Licensor or a Facility Owner may carry; and (d) have a
deductible or self-insured retention amount, as applicable, of not more than Ten Thousand Dollars ($10,000).

 

8.2.
Professional Liability Insurance. Licensee shall, and shall cause each Sublicensee to, at such party’s sole cost
and expense, obtain and keep in force during the Master Term a policy of professional liability insurance in an amount of not
less than One Million Dollars ($1,000,000) per occurrence, and with an aggregate of not less than Three Million Dollars ($3,000,000),
or in such greater amounts as reasonably determined by Licensor, which aggregate amounts shall apply separately to each Facility
and may not be combined with other locations operated by Licensee or a Sublicensee without Licensor’s written approval.
Such policy shall (a) insure Licensee and the Sublicensee and name Licensor and each Facility Owner as additional insureds against
liability arising out of the services provided by Sublicensee, (b) include a waiver of subrogation in favor of Licensor and each
Facility Owner, (c) be written as primary policy coverage and non-contributing with respect to any coverage that Licensor or a
Facility Owner may carry, (d) have a deductible or self-insured retention amount, as applicable, of not more than Ten Thousand
Dollars ($10,000), and (e) include sexual abuse and molestation coverage within the policy limits, if not covered under a policy
described in section 8.1. Notwithstanding the foregoing, and for the avoidance of doubt, if Licensee’s or Sublicensee’s
professional liability insurance policy does not permit the naming of Licensor or a Facility Owner as additional insureds, in
the event that Licensor or a Facility Owner are named in a suit alleging losses that are covered under Licensee’s or Sublicensee’s
professional liability insurance policy, Licensee shall indemnify and hold harmless Licensor and the Facility Owner for such losses.

 

    	 	15	 

    	 

    

 

8.3.
Workers’ Compensation and Employer’s Liability Insurance. Licensee shall, and shall cause each Sublicensee
to, at such party’s sole cost and expense, (a) obtain and keep in force during the Master Term a policy of workers’
compensation insurance with respect to each Facility in compliance with statutory limits in the state or province in which the
Facility is located (but in an amount not less than One Million Dollars ($1,000,000)), and (b) employer’s liability insurance
in an amount of not less than One Million Dollars ($1,000,000) per accident or disease, or greater if required by law, which policies
shall include a waiver of subrogation in favor of Licensor and the applicable Facility Owner. If Licensee or Sublicensee is exempt
from carrying workers’ compensation with respect to a Facility, and if Licensee provides a signed waiver of liability and
acknowledgment in form and substance satisfactory to Licensor concerning such lack of coverage, then Licensee shall not be required
to comply with the foregoing clause (a).

 

8.4.
Automobile Insurance. If Licensee or Sublicensee transports any Customers or other persons to or from a Facility, then
Licensee shall, and shall cause each Sublicensee to, at such party’s sole cost and expense, obtain and keep in force during
the Master Term a policy of automobile insurance (including owned, non-owned and hired car coverage) in an amount of not less
than One Million Dollars ($1,000,000) combined single limit (each accident), or in such greater amounts as reasonably determined
by Licensor. Such policy shall: (a) insure Licensee and name Licensor and each Facility Owner as additional insureds; (b) include
a waiver of subrogation in favor of Licensor and each Facility Owner; (c) be written as primary policy coverage and non-contributing
with respect to any coverage that Licensor or a Facility Owner may carry; and (d) have a deductible or self-insured retention
amount, as applicable, of not more than Ten Thousand Dollars ($10,000).

 

8.5.
Construction Related. During the construction and installation of any Improvements to any Service Area, Licensee shall
obtain and keep in force (if it is performing such work) and cause all of its contractor(s) that are performing such work to obtain
and keep in force insurance as specified in exhibit F attached hereto.

 

8.6.
Additional Policies. Licensee shall, and shall cause each Sublicensee to, at such party’s sole cost and expense,
obtain and keep in force during the Master Term such other insurance policies in such coverage amounts as Licensor may reasonably
require Licensee or Sublicensee to maintain with respect to the operation of Sublicensee’s business in a Facility. In the
event that Licensor requires such other additional insurance policies after the Effective Date, Licensee shall have 60 days to
comply with such additional requirements, and shall provide Licensor with written proof thereof.

 

8.7.
Insurance Policies. With respect to each License granted hereunder, Licensee shall deliver to Licensor certificates evidencing
the existence and amounts of insurance required under sections 8.1 through 8.6, inclusive, prior to Licensee’s (or any Sublicensee’s)
occupancy of the applicable Service Area (and in the case of insurance required under section 8.5, prior to the start of the construction
and installation of the applicable Improvements), and these shall name LAF Canada Company, each Facility Owner or any other person
or entity designated by Licensor as an additional insured. Licensee shall also provide the applicable additional insured endorsement(s)
naming Licensor and the applicable Facility Owner(s) as additional insureds. Such insurance policies shall be issued from an insurer
with a rating of “A” or better and a financial size category of XI or greater in the latest edition of the A.M. Best
key rating guide, and such insurer shall be licensed to do business in the jurisdiction(s) in which the Facilities are located.
No policy required under this Agreement shall be cancelled or subject to reduction of coverage or other modification except after
30 days prior written notice to Licensor. Licensee shall, at least 30 days prior to the expiration of such policies, furnish Licensor
with evidence of renewals thereof. In the event that Licensor changes any insurance requirements hereunder after the Effective
Date or introduces additional insurance requirements other than those set forth in this section 8, Licensee shall have sixty 60
days to comply with such changed or additional requirements and shall provide Licensor with written proof thereof. For the avoidance
of doubt, with respect to each Facility at which a Sublicensee operates, Licensee agrees (a) to ensure that each such Sublicensee
obtains insurance coverage of the types and in the amounts required under sections 8.1 through 8.6, inclusive, (b) that Licensor’s
receipt of evidence of such coverage shall be a perquisite of a Sublicensee entering, occupying or operating at a Facility, and
(c) that Licensee shall remain liable to Licensor for any failure of a Sublicensee to obtain any such required coverage.

 

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8.8.
Additional Insureds, Loss Payees. For purposes of naming additional insureds and loss payees under this section 8, Licensor’s
names and addresses is set forth below; each Facility Owner’s name and address shall be set forth in the applicable LMA
or separately provided by Licensor.

 

LAF
Canada Company

3161
Michelson Dr., Suite 600

Irvine,
California 92612

 

8.9.
No Representation of Adequate Coverage. Licensor makes no representation that the insurance coverage and amounts specified
in this section 8 are adequate to cover Licensee’s or any Sublicensee’s property or obligations under this Agreement.
Compliance with the above insurance requirements of this section 8 shall not limit the liability of Licensee hereunder.

 

8.10
Sublicensee’s Insurance. Licensee will strictly enforce each Sublicensee’s obligation to maintain the required
insurance for the applicable Facility under the applicable Facility License Agreement.

 

9.
Indemnification; Damages.

 

9.1.
Indemnification By Licensee - General. Licensee shall, and shall cause each Sublicensee to, defend, hold harmless and indemnify
Licensor, each Facility Owner, their respective affiliates, and such parties’ respective owners, directors, officers, agents,
contractors, employees and representatives (together with Licensor, the “Licensor Parties”) from and against
any and all damages, losses, liabilities, obligations, claims, encumbrances, deficiencies, costs and expenses, (including, without
limitation, reasonable attorneys’ fees and other costs and expenses incident thereto) (collectively, “Losses”)
suffered, sustained, incurred or required to be paid by any of the Licensor Parties arising out of any claim relating to (a) any
breach or non-fulfillment of any representation, warranty or covenant made under this Agreement, an LMA, or a Facility License
Agreement by Licensee or any Sublicensee, (b) any bodily injury or death of any person, or damage to real or tangible personal
property, arising from the use of a Facility or Service Area by Licensee, Sublicensee, or their agents, contractors, employees
or representatives, (c) the conduct of Licensee’s or Sublicensee’s business or any activity, work or things done,
permitted or suffered by any of the Licensee Parties in or about any Service Area, Facility, or elsewhere, (d) any act or omission
of any of the Licensee Parties, (e) any claims by any Sublicensee against any Licensor Parties, including, without limitation,
those relating to a breach by Licensee of this Agreement, any LMA, any Facility License Agreement or any other agreement between
Licensee and any Sublicensee, or relating to Licensee’s conduct toward a Sublicensee, (f) any Losses as defined under a
Facility License Agreement; and (g) any and all actions, suits, proceedings, claims, demands, assessments, judgments, costs, losses,
damages, liabilities and reasonable legal and other expenses incident to the foregoing (any such claim relating to the foregoing
(a) through (g), a “Claim”). For the avoidance of doubt, Licensor need not have first paid for any Losses in
order to be indemnified hereunder.

 

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9.2.
Indemnification By Licensee - Special. It is the intent and understanding of the Parties that Licensor is not and will
not become as a result of entering into the transactions contemplated hereunder either a Government Contractor or subject, as
a business associate or otherwise, to HIPAA, or any applicable federal and provincial privacy, personal information or personal
health information laws, including PIPEDA and PHIPA, or a custodian of PHI under any such legislation. In addition, Licensee shall
not, and it shall cause its Licensee, Sublicensees, and their agents, contractors, employees, representatives not to, disclose
or otherwise provide to any Licensor Party any PHI or direct or instruct any current or prospective Customer or government agency
to deliver any mail to the Facility that may contain PHI. However, for Licensor’s benefit, and as a material condition to
this Agreement, Licensee specifically covenants and agrees that it shall indemnify, defend and hold harmless the Licensor Parties
from and against any and all Losses suffered, sustained, incurred or required to be paid by any of the Licensor Parties arising
from any inquiry, investigation, audit, compliance evaluation, allegation, claim, charge, determination, finding or other similar
action by a government agency (including, without limitation, the Department of Labor’s Office of Federal Contract Compliance
Programs, the Department of Health and Human Services, the Centers for Medicare & Medicaid Services, the Privacy Commissioner
of Canada, or the Information and Privacy Commissioner of Ontario) alleging or otherwise concerning Licensor’s or Licensee’s
performance, or actual or alleged status, as a Government Contractor or related to Licensee’s or Licensor’s actual
or alleged compliance or non-compliance under PIPEDA, PHIPA, HIPAA or any other privacy, personal information or personal health
information legislation in connection with this Agreement (any such inquiry, investigation, etc., a “Special Claim”).

 

9.3.
Indemnification by Licensor; No Waiver by Licensee. Notwithstanding the foregoing, no provision of this Agreement shall
operate to waive any claim that Licensee has or may have against Licensor for or on account of the willful misconduct or gross
negligence of Licensor, and Licensor shall defend, indemnify and hold harmless Licensee from and against any and all Losses suffered,
sustained, incurred or required to be paid by Licensee arising from any third-party claim relating to the willful misconduct or
gross negligence of Licensor.

 

9.4.
Indemnification Procedures.

 

9.4.1.
Claim Notices. A Party seeking indemnification hereunder (the “Indemnified Party”) shall deliver to
the other Party (the “Indemnifying Party”) a written notice of any Claim or Special Claim for which the Indemnified
Party intends to base a request for indemnification hereunder (such notice, a “Claim Notice”); provided, however,
that an Indemnified Party’s failure to provide a Claim Notice shall not relieve the Indemnifying Party of any liability
that it may have to the Indemnified Party hereunder. Each Claim Notice must contain a description of the Claim or Special Claim,
as applicable, and the nature and amount of the related Losses (to the extent that the nature and amount of such Losses are known
at the time), and an Indemnified Party shall furnish promptly to the Indemnifying Party copies of all reasonably necessary papers
and official documents received in respect of any such Losses (unless the disclosure of such materials is prohibited by confidentiality
obligations or applicable law).

 

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9.4.2.
Indemnifying Party’s Duty to Defend. An Indemnifying Party’s duty to defend under this section 9 shall apply
immediately, regardless of whether the Indemnified Party has paid any sums or incurred any detriment arising out of or relating,
directly or indirectly, to the Claim or Special Claim giving rise to the Claim Notice. Further, an Indemnifying Party shall, within
30 days after receiving a Claim Notice, send written notice to the Indemnified Party acknowledging the Indemnifying Party’s
responsibility for the defense of the Claim or Special Claim referenced therein (any such claim so acknowledged by an Indemnifying
Party, an “Indemnified Claim”) and shall thereafter undertake, conduct and control, through reputable independent
counsel of its own choosing (which the Indemnified Party shall find reasonably satisfactory), at the Indemnifying Party’s
sole cost and expense, the settlement or defense thereof. In addition, the Indemnifying Party shall, upon the Indemnified Party’s
request from time to time, inform the Indemnified Party of all material developments and events relating to such matters. With
respect to any such Indemnified Claim, the Indemnified Party (a) shall fully cooperate, in a good faith and commercially reasonable
manner, with the Indemnifying Party in connection therewith and (b) may employ, at any time, separate counsel to represent it,
provided that in such case the Indemnifying Party shall be solely responsible for the costs and expenses of any such separate
counsel.

 

9.4.3.
Indemnified Party’s Assumption of Defense. Notwithstanding anything to the contrary in this section 9, an Indemnified
Party may, at its election, defend an Indemnified Claim with counsel of its own choosing and without the Indemnifying Party’s
participation if (a) the Indemnified Claim is one for which the Indemnified Party properly gave the Indemnifying Party a Claim
Notice and the Indemnifying Party fails to assume the defense or fails to prosecute the defense or refuses to defend the Indemnified
Claim, (b) the Indemnified Claim seeks only an injunction or other equitable relief against the Indemnified Party, (c) the Indemnified
Claim includes a Special Claim or (d) the Indemnified Party reasonably believes (i) that there are one or more legal or equitable
defenses available to it that are different from or in addition to those available to the Indemnifying Party, (ii) counsel for
the Indemnifying Party could not adequately represent the interests of the Indemnified Party because such interests could be in
conflict with those of the Indemnifying Party or (iii) the action or proceeding involves, or could have a material effect on,
any material matter beyond the scope of the indemnification or defense obligations of the Indemnifying Party. If an Indemnified
Party assumes control of the defense, the Indemnifying Party shall reimburse the Indemnified Party promptly and periodically for
the actual, documented costs incurred in defending against the Indemnified Claim (including reasonable attorneys’ fees and
expenses) and remain responsible to the Indemnified Party for any Losses for which it has an indemnification obligation under
this section 9.

 

9.4.4.
Settlement of Claims. With respect to any Indemnified Claim for which an Indemnifying Party has assumed control of the
defense, the Indemnifying Party shall give prompt written notice to the Indemnified Party of any proposed settlement, compromise
or consent to the entry of any judgment of such claim, and an Indemnifying Party may not, without the Indemnified Party’s
prior written consent (which shall not be unreasonably withheld, conditioned or delayed), settle or compromise any such claim
or consent to the entry of any judgment regarding such claim unless such settlement, compromise or consent (a) includes an unconditional
release of the Indemnified Party from all liability arising out of such claim, (b) does not contain any admission or statement
suggesting any wrongdoing or liability on behalf of such Indemnified Party and (c) does not contain any equitable order, judgment
or term (other than the fact of payment or the amount of such payment) that in any manner affects, restrains or interferes with
the business of the Indemnified Party. Similarly, an Indemnified Party may not, without the Indemnifying Party’s prior written
consent (which shall not be unreasonably withheld, conditioned or delayed), settle or compromise any Indemnified Claim or consent
to the entry of any judgment regarding such claim unless (i) such claim is one for which the Indemnified Party properly delivered
a Claim Notice and the Indemnifying Party failed to assume the defense or failed to prosecute such defense or refused to defend
such claim under this section 9, (ii) such claim is a Special Claim or (iii) such settlement, compromise or consent (A) includes
an unconditional release of the Indemnifying Party from all liability arising out of such claim, (B) does not contain any admission
or statement suggesting any wrongdoing or liability on behalf of the Indemnifying Party, and (C) does not contain any equitable
order, judgment or term (other than the fact of payment or the amount of such payment) that in any manner affects, restrains or
interferes with the business of the Indemnifying Party.

 

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9.5.
Damages. Licensee, as a material part of the consideration to Licensor, hereby assumes all risk of damage and injury to
the persons and property of the Licensee Parties while the same are in, upon or about any Facility or Service Area, arising from
any cause (and Licensee hereby waives all claims in respect thereof against the Licensor Parties), except to the extent such damage
or injury results from the gross negligence or more culpable act or omission of Licensor. Licensee shall be liable for any and
all damage to a Service Area or Facility caused by any of the Licensee Parties, except if such damage is caused by a Licensee
Party in her capacity as a Member.

 

9.6.
Exemption of Licensor from Liability. Except as may be expressly provided herein, all property kept, stored or maintained
in any Service Area or any Facility or elsewhere by Licensee or any Sublicensee shall be so kept, stored or maintained at the
sole risk of such party. Licensee agrees that, except as may be expressly provided herein, no Licensor Party shall be liable for
loss, damage or injury (a) to Licensee’s or any Sublicensee’s business or any loss of income therefrom, or to the
goods, merchandise, products or other property of any of the Licensee Parties or to any other person in or about any Service Area
or Facility or elsewhere (b) to any Licensee Party, whether such loss, damage or injury is caused by or results from theft, fire,
steam, electricity, gas, water or rain, or from the breakage, leakage, obstruction or other defects of pipes, sprinklers, wires,
appliances, plumbing, air conditioning or lighting fixtures, or from any other cause, whether said loss, damage or injury results
from conditions arising upon a Service Area or upon other portions of a Facility, or from other sources or places, or from new
construction or the repair, alteration or improvement of any part of any Service Area or Facility or of the equipment, fixtures
or appurtenances applicable thereto, and regardless of whether the cause of such loss, damage or injury or the means of repairing
the same is inaccessible or (c) arising from any act or neglect of any Licensor Party or any other licensee, occupant or user
of any Licensor facility or portion thereof or as a result of the failure of Licensor to enforce the provisions of any other agreement
of any other licensee, occupant or user of such facility.

 

10.
Default. The occurrence of any one or more of the following events shall constitute a material default by Licensee under
this Agreement (a “Default”):

 

10.1.
Failure to Make Payments When Due. The failure by Licensee to pay any Monthly License Payment or any other payment required
to be made by Licensee hereunder, as and when due, where such failure shall continue for a period of five days after written notice
thereof from Licensor to Licensee, shall constitute a Default.

 

10.2.
Insolvency. Licensee shall be in Default following (a) the making by Licensee of any general arrangement or general assignment
for the benefit of creditors, (b) Licensee becoming a “debtor” as defined in 11 U.S.C. §101 or any successor
statute thereto (unless, in the case of a petition filed against Licensee, the same is dismissed within 60 days), (c) the appointment
of a trustee or receiver to take possession of substantially all of Licensee’s assets located at a Facility or of Licensee’s
interest in this Agreement, where possession is not restored to Licensee within 30 days or (d) the attachment, execution or other
judicial seizure of substantially all of Licensee’s assets located at a Facility or of Licensee’s interest in this
Agreement, where such seizure is not discharged within 30 days. Default under this section 10.2 shall be deemed a non-curable
Default for which Licensor shall have the right to terminate this Agreement immediately upon written notice of Default to Licensee.

 

    	 	20	 

    	 

    

 

10.3.
Cross Default. The breach or default by Licensee under any other agreement with Licensor (beyond the applicable cure period,
if any) including, without limitation, any LMA, shall constitute a Default.

 

10.4.
Breach of Specified Provisions. The breach of any of the covenants, conditions or provisions of 5.3 (“Prohibited
Uses”), 5.7 (“No Nuisance”), 5.8 (“No Disparagement”), 6.2 (“Certain Publicly Funded Programs”),
7.2 (“Non-Competition”), 7.4 (“Member Contact”), 8 (“Insurance”), 11.2.1 (“Surrender”),
14 (“Hazardous Materials”), 15 (“Non-Disclosure”) or 16.7 (“Assignment”) shall constitute
a Default. A Default under this section 10.4 shall be deemed a non-curable Default for which Licensor shall have the right to
terminate this Agreement immediately upon written notice of Default to Licensee.

 

10.5.
Breach of Other Provisions. The breach of any of the terms, provisions or conditions of this Agreement other than those
described in this section 10, where such breach continues for a period of five days after written notice thereof from Licensor
to Licensee, shall constitute a Default; provided, however, that if the nature of such breach is such that more than five days
are reasonably required for its cure, then Licensee shall not be deemed to be in Default under this section 10.5 if Licensee commences
such cure within said five-day period and thereafter diligently prosecutes such cure to completion.

 

10.6.
Failure to Construct. The failure of Licensee to commence construction and installation of a Service Area’s Improvements
within 90 days after the applicable License’s Grant Date shall constitute a Default. In addition, Licensee’s failure
to complete a Service Area’s Improvements within 120 days after the applicable Estimated Completion Date (or within six
months after the License’s Grant Date if the Construction Memorandum fails to indicate an Estimated Completion Date) shall
constitute a Default (it being understood that a Service Area’s Improvements shall be deemed “complete” when
Licensee receives an Approval Notice, which shall not be unreasonably withheld or delayed, or fails to receive such a notice within
five business days after receiving a Completion Notice and does not in the interim receive a Disapproval Notice, with respect
to such Service Area). Default under this section 10.6 shall be deemed a non-curable Default for which Licensor shall have the
right to terminate the License granted with respect to the applicable Facility immediately upon written notice of Default to Licensee.

 

10.7.
Failure to Operate. The failure of Sublicensee to commence operations at a Service Area within 30 days after the applicable
License’s Commencement Date shall constitute a Default. Default under this section 10.7 shall be deemed a non-curable Default
for which Licensor shall have the right to terminate the License granted with respect to the applicable Facility immediately upon
written notice of Default to Licensee.

 

10.8.
Abandonment. The vacation or abandonment of any Service Area by Licensee and Sublicensee, where such vacation or abandonment
is not permitted in advance in writing by Licensor, shall constitute a Default. For the purposes hereof, vacation shall mean the
failure by Licensee and Sublicensee to occupy the applicable Service Area continuously during the minimum hours of operation set
forth in the applicable LMA (or, if no minimum hours are specified in such LMA, for at least six hours per day, six days per week)
for a continuous period of seven days or more or for a total of 21 days or more in any one-year period at the applicable Facility
(excluding in the event of Licensee’s failure to operate as a result of war, strike, natural disaster or other act of God),
whether or not the Monthly License Payment is paid. Default under this section 10.8 shall be deemed a non-curable Default for
which Licensor shall have the right to terminate the License granted with respect to the applicable Facility immediately upon
written notice of Default to Licensee.

 

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10.9.
General or Facility Default. Any Default under sections 10.1 through 10.5 shall be deemed a “General Default”
(in which case Licensor may terminate this Agreement and all Licenses hereunder). Any Default under section 10.6, 10.7 or 10.8
shall be deemed a “Facility Default” (in which case Licensor may terminate only the License granted with respect
to the applicable Facility or Facilities). Any Default under section 10.5 shall be deemed a Facility Default (with respect to
each applicable Facility) if such default pertains solely to one or more particular Facilities (but not to all Facilities) and
a General Default if such default pertains to all Facilities.

 

10.10
Facility License Agreement Default. The occurrence of any of the following events shall be considered a “Facility
License Agreement Default”, upon which (except as limited by applicable law), Licensor may require Licensee to terminate
the Facility License Agreement of any Sublicensee at a Facility, without penalty, upon delivery of written notice to Licensee:

 

10.10.1.
A Sublicensee offers for sale at the Facility subject to such Facility License Agreement any item or service not authorized by
Licensor and fails to come into full compliance within three business days after written notice thereof from Licensor.

 

10.10.2.
A Sublicensee fails to comply with Licensor’s Rules and Regulations within three business days after receiving written notice
thereof from Licensor.

 

10.10.3.
A Sublicensee violates the obligations of confidentiality, non-disclosure, or non-disparagement set forth in the applicable Facility
License Agreement.

 

10.10.4.
A Sublicensee defaults under, breaches or fails to perform any other material provision of this Agreement or the applicable Facility
License Agreement or any agreement relating to the operation of its business at the applicable Facility, provided that such default,
breach or failure continues for 10 days after Licensor provides written notice thereof to Licensee of such failure.

 

11.
Termination.

 

11.1.
Grounds for Termination. In addition to any grounds for termination provided for elsewhere in this Agreement, this Agreement
or an individual License granted hereunder, as applicable, may be terminated as follows:

 

11.1.1.
Intentionally Omitted.

 

11.1.2.
For Cause. Upon the occurrence of a General Default, Licensor may terminate this Agreement (and all Licenses granted hereunder)
by providing written notice thereof to Licensee. Upon the occurrence of a Facility Default, Licensor may terminate the applicable
License by providing written notice thereof to Licensee. Licensor may also terminate this Agreement (and all Licenses granted
hereunder) by providing written notice thereof to Licensee in the event of: (a) three or more Facility Defaults by Licensee within
any 12-month period, or (b) three or more Facility License Agreement Defaults by the same Sublicensee.

 

11.1.3.
Cessation of Business by Licensor. In the event of a Facility’s Closure, the corresponding License for that Facility
shall automatically terminate. For the purposes hereof, “Closure” means that (a) Licensor has elected to permanently
and completely cease doing business at a Facility (it being understood that this Agreement shall in no way restrict Licensor’s
ability to make such election) or (b) Licensor has completely ceased doing business at the Facility for a continuous period of
at least 30 days, other than for purposes of repairing, remodeling or renovating the Facility or as a result of terrorism, fire,
act of God, governmental act or failure to act, riot, picket, strike, labor dispute, breakdown, accident or any other cause beyond
Licensor’s control (whether similar or dissimilar to the foregoing events). Licensor will provide Licensee with at least
30 days’ prior notice of the intended Closure of a Facility.

 

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11.1.4.
Termination or Expiration of Premises Lease. In the event of the termination or expiration of Licensor’s premises
lease for a Facility, the corresponding License for that Facility shall automatically terminate.

 

11.1.5.
Licensor’s Inability to Secure Permits. In the event that Licensor is unable to secure any permit, consent or approval
(including, but not limited to, any entitlement approval, building permit, construction permit, variance, approval or consent
by a Facility Owner, etc.) that requires application by Licensor (as opposed to Licensee), Licensor may terminate the corresponding
License upon written notice to Licensee. For the avoidance of doubt (a) Licensor shall in good faith diligently endeavor to secure
all such permits and approvals and (b) if for any reason Licensor cannot secure any such permit, approval, etc., Licensor shall
not be subject to any liability therefore, nor shall the validity of this Agreement or the obligations of the Parties hereunder
be affected, but in such case, Licensor will refund to Licensee its deposits and payments (if any) provided with respect to the
applicable License under sections 4.3 and 4.4 (or so much thereof as is not applied or retained by Licensor as permitted hereunder).

 

11.1.6.
Licensee’s Failure to Obtain Approvals. In the event that Licensee fails to provide, within 90 days after the execution
of an LMA, reasonably satisfactory evidence that Licensee or Sublicensee, as applicable has obtained such licenses or permits
as are required by applicable law with respect to Sublicensee’s proposed operation of business in the applicable Service
Area (to the extent such licenses or permits may be obtained prior to the commencement of construction of the Service Area’s
Improvements), Licensor may terminate the LMA immediately by delivering written notice to Licensee. For the avoidance of doubt
(a) Licensee or Sublicensee, as applicable, shall in good faith diligently endeavor to obtain such licenses or permits before
the expiration of such 90-day period and (b) if for any reason Licensee or Sublicensee cannot secure any such license or permit,
Licensee shall not be subject to any liability therefore, nor shall the validity of this Agreement or the obligations of the Parties
hereunder be affected, but in such case, Licensor will refund to Licensee its deposits and payments (if any) provided with respect
to the applicable License under sections 4.3 and 4.4 (or so much thereof as is not applied or retained by Licensor as permitted
hereunder).

 

11.1.7.
Certain Changes in Law; Special Claim. It is the intent of the Parties to structure and implement this Agreement in accordance
with all applicable laws. If Licensor determines that this Agreement or the Services provided by Licensee or a Sublicensee violate,
or present a substantial risk of violating, any law or industry standard or guideline or that compliance thereunder would cause
Licensor to incur expenses not expressly contemplated hereunder, or if Licensor learns of or there occurs any change in any law
or guidance or government agency interpretation of the same that results, or presents a substantial risk of resulting, based on
Licensor’s sole determination, in Licensor becoming a Government Contractor or Licensor becoming subject to PIPEDA, PHIPA
or HIPAA, or impacting the Services to be provided or Sublicensee’s ability to provide Services at the Facilities, then
Licensor shall have the right to terminate this Agreement (or the particular License(s) at issue) immediately upon written notice
to Licensee. In addition, upon the occurrence of a Special Claim, Licensor may terminate this Agreement (and all Licenses granted
hereunder) by providing written notice to Licensee.

 

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11.1.8.
Demand by Facility Owner. In the event a Facility Owner, or a third party with rights under any document affecting title
to the applicable real property, requires Licensor to cease offering, or to cause Sublicensee to cease offering, some or all of
the Services, Licensor shall have the right to terminate this Agreement (or the particular License(s) at issue) immediately upon
written notice to Licensee.

 

11.1.9.
Change of Control. In the event of a transfer or sale of all or substantially all of Licensor’s assets used in the
operation of a Facility, or in the event of a merger, consolidation, change in control or similar transaction involving a Facility,
Licensor (or its successors or assigns) may terminate the applicable License(s) by providing 60 days’ written notice thereof
to Licensee.

 

11.2.
Consequences of Termination, Expiration.

 

11.2.1.
Surrender. In the event a License expires or terminates, the following shall apply: (a) Licensee shall, at its sole cost
and expense, cause each Sublicensee to surrender the applicable Services Area and immediately remove all of Sublicensee’s
FF&E, signs, personal belongings, materials, merchandise, goods and products from the Facility subject to such License, repair
any damage occasioned by the same or caused by any Licensee Parties, leave the applicable Service Area in the same condition as
received, ordinary wear and tear and Permitted Alterations excepted, clean and free of debris, and vacate the Facility (it being
understood that any damage or deterioration of the Service Area shall not be deemed ordinary wear and tear if the same could have
been prevented by good maintenance practices by the applicable Sublicensee, and provided that Licensor reserves the right to specify
in any written approval of any Permitted Alterations that the same must be removed by Licensee upon surrender of the applicable
Service Area); (b) except strictly as necessary to comply promptly with (a), Licensee’s and Sublicensee’s right to
provide Services at, and its right of access to, the applicable Facility shall terminate; (c) Licensee shall immediately pay to
Licensor all monies due to Licensor under the expiring or terminating License through the date of such expiration or termination
(including, without limitation, all Monthly License Payments then due, and including any prorated fees for the month in which
such expiration or termination occurred); (d) Licensee shall cause each Sublicensee to issue any and all refunds that may be owed
to Customers as a result of such expiration or termination (or alternatively, Licensee shall be directly liable to Customers for
any such refunds owed by Sublicensees); (e) Licensee shall have no right to relocate Sublicensee’s business to any other
of Licensor’s facilities; and (f) Licensor shall have the right to solicit third parties to provide services identical or
substantially similar to the Services at any or all of the Facilities at which a License has expired or terminated. For the avoidance
of doubt, the termination or expiration of this Agreement shall constitute the termination or expiration, as applicable, of all
Licenses. Notwithstanding the foregoing or anything to the contrary in this Agreement, upon the termination of a License for Default,
Licensee shall, at Licensor’s option, restore the applicable Service Area to its original state as of the applicable Grant
Date.

 

11.2.2.
Preservation of Remedies. Termination of this Agreement or of any License granted hereunder shall not prejudice any other
remedy to which a Party may be entitled either at law, in equity or under this Agreement. Without limiting the foregoing, in the
event Licensee fails to comply with section 11.2.1 following the termination or expiration of a License, Licensor may, at any
time thereafter, with or without notice or demand and without limiting Licensor in the exercise of any other right or in the pursuit
of any other remedy that Licensor may have by reason of such failure (a) require Licensee to terminate Sublicensee’s right
to possession of the applicable Service Area by any lawful means (in which case Licensor shall be entitled to recover from Licensee
all damages incurred by Licensor by reason of such failure including, but not limited to, the cost of recovering possession of
the Service Area and reasonable attorneys’ fees incurred in connection therewith) and (b) remove from the applicable Facility,
at Licensee’s sole expense, all of Sublicensee’s signs, equipment, personal belongings, materials, merchandise, goods
and products and dispose of all such items as Licensor sees fit, in its sole discretion, and without any liability to Licensee.

 

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11.2.3.
Holding Over. Licensee shall ensure that upon the expiration or earlier termination of any LMA, Facility License Agreement
or this Agreement, the applicable Sublicensee(s) shall surrender the applicable Services Areas and vacate the applicable Facilities
as provided in this Agreement. If such Sublicensee(s) do not immediately surrender and vacate any Facility for which the License
has expired or terminated as provided herein, then all of the terms and conditions of this Agreement shall continue to apply,
except that: (a) Licensee shall automatically forfeit all rights to the applicable Facility Equipment Deposit held by Licensor
and (b) the Monthly License Payment payable by Licensee with respect to such Facility shall be increased to the product of two
multiplied by the amount of the Monthly License Payment that would be payable pursuant to the provisions of this Agreement if
such License had not expired or terminated, and Licensee shall be obligated to pay such increased Monthly License Payment, and
any late charges or interest thereon, and any other payments owed to Licensor under such License, as applicable, as and when due,
during any such period of holdover. Such Monthly License Payments shall be computed by Licensor and paid by Licensee throughout
such holdover period until the applicable Facility or Facilities have been surrendered and vacated by the applicable Sublicensee(s).
Licensor’s acceptance of such payments shall not in any manner adversely affect its other rights and remedies and in no
event shall any holdover be deemed a permitted extension or renewal of the Master Term, and nothing contained herein shall be
construed to constitute Licensor’s consent to any holdover or to give Licensee any right with respect thereto.

 

11.3
Termination of Facility License Agreement. Upon the expiration or termination of any Facility License Agreement prior to
the expiration or termination of the Agreement and prior to the expiration or termination of the applicable LMA: (a) Licensee
will immediately pay all monies then due and owing to Licensor under this Agreement relating to the Facility subject to the Facility
License Agreement if such expiration or termination results in there being no Facility License Agreements in effect with respect
to the applicable Facility, and if the expiration or termination of a Facility License Agreement results in there being no Facility
License Agreements in effect under an LMA, then such LMA shall automatically terminate, (b) the applicable Sublicensee will have
no right to operate at such Facility or access or use such Facility, and (c) Licensee shall cause the applicable Sublicensee to
surrender and vacate the applicable Facility as provided in section 11.2.1.

 

12.
Utilities.

 

12.1.
Payment. Licensor shall be responsible for the incremental costs of Sublicensee’s use of each of the Facilities’
existing gas, electric, sewer and water utilities (and Licensor shall not provide, or be responsible for Licensee’s or Sublicensee’s
use of, any other utilities or services, such as janitorial services, Internet, phone or cable service). Notwithstanding the foregoing,
if Licensor determines that Sublicensee’s use of any utility at a Facility is materially out of the ordinary or excessive,
then Licensee shall be obligated to reimburse Licensor for the monthly costs of such utility usage to the extent such monthly
costs exceed the 12-month trailing average of the cost of such utility paid by Licensor with respect to that Facility immediately
prior to the applicable License’s Commencement Date (such costs, “Excess Utility Expenses”). By way of
example only and solely for the avoidance of doubt, if Licensor’s 12-month trailing average of the cost of electricity usage
for a Facility is $1,000, and if such costs increases to $1,500 per month during the applicable License Term due to Sublicensee’s
use of electricity, Licensee shall pay $500 per month to Licensor as Excess Utility Expenses. Licensee shall pay any Excess Utility
Expenses within 30 days after receipt of an invoice therefor, without any deductions, set-offs or counterclaims, and failure to
timely pay the Excess Utility Expenses shall carry the same consequences as Licensee’s failure to pay the Monthly License
Payment. For the avoidance of doubt, nothing in this Agreement obligates Licensor to provide Licensee or any Sublicensee with
access to Internet service or to pay for the installation of any mechanical or other systems required by Licensee or a Sublicensee
(except as may be mutually agreed in a Construction Memorandum), which costs (if any) shall be the sole responsibility of Licensee
or Sublicensee, as applicable, and subject to Licensor’s prior approval. Licensee agrees to comply with energy conservation
programs implemented by Licensor.

 

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12.2.
Liability. Notwithstanding anything to the contrary herein, Licensor shall not be liable for any injury, damage or loss
to property caused by or resulting from any variation, interruption, or failure of any utility services due to any cause whatsoever,
or from failure to make any repairs or perform any maintenance at a Facility. No temporary interruption or failure of such services
incident to maintenance or to the making of repairs, alterations, improvements, installations or modifications (including, without
limitation, the remodeling or renovation of the Facility) or due to terrorism, fire, act of God, governmental act or failure to
act, riot, picket, strike, labor dispute, breakdown, accident or any other cause beyond Licensor’s control (whether similar
or dissimilar to the foregoing events) shall relieve Licensee or any Sublicensee from any of their obligations hereunder (except
as set forth in section 12.3 below) or subject Licensor to any liability hereunder, and in no event shall Licensor be liable to
Licensee or any Sublicensee for any injury, damage or loss to a Service Area or to any property therein or thereon occasioned
by bursting, rupture, leakage or overflow of any plumbing or other pipes (including, without limitation, water, steam or refrigerant
lines), sprinklers, tanks, drains, HVAC failure, drinking fountains or wash stands, or other similar cause in, above, upon or
about a Service Area or a Facility.

 

12.3.
Interruptions. There shall be no abatement of Monthly License Payments for the inadequacy, stoppage, interruption or discontinuance
of any utility or service at any Facility due to fire, act of God, governmental act or failure to act, riot, picket, strike, labor
dispute, breakdown, accident, repair or any other cause beyond (or within) Licensor’s control (whether similar or dissimilar
to the foregoing events), and Licensor shall not be liable in any respect whatsoever for the same; provided, however, that if
any such inadequacy, stoppage, interruption or discontinuance requires a Sublicensee to close a Service Area to the general public
for a period of ten or more consecutive days, then Licensee shall be entitled to a prorated abatement of the Monthly License Payments
due under the applicable License until service has been restored.

 

13.
Signs, Advertising, and Storage. Neither Licensee nor any Sublicensee shall place any signage upon the exterior of a Facility
or any signs or banners in, upon or about a Service Area without the express prior written consent of Licensor. Subject to the
prior approval of Licensor, Licensee may permit a Sublicensee to (a) place a sign in, upon or about the outside of each Service
Area (but within the applicable Facility) and (b) place in the interior of each Facility a two-sided decal or two-sided sign upon
or near a window at the entrance to the Facility, provided that Licensee agrees to remove or relocate the same promptly if any
request to do so is received from the Facility Owner or governing municipality (as depicted in exhibit G or as otherwise approved
in writing by Licensor, the “Permitted Signage”). All Permitted Signage and any other promotional materials
used by Sublicensee shall contain the following verbiage: “[insert appropriate trade name of Sublicensee (or Licensee,
if applicable)] is independently owned and operated and is not an affiliate of LA Fitness”; provided, however, that
as long as Sublicensee includes at least one sign in a Service Area that conspicuously displays the foregoing disclosure, no other
signage in the corresponding Facility is required to bear such disclosure (for the avoidance of doubt, however, all promotional
materials that refer to a Facility (e.g., by name or address) or that bear any of Licensor’s state, provincial or federal
trademarks, registered trademarks, common law marks, service marks, trade names (e.g., “LA Fitness”), copyrights,
logos, images, likenesses, patents or other intellectual property (such trademarks, etc., “Marks”) shall contain
the foregoing disclosure, as well as a statement that “Any representations made herein are made solely by [insert appropriate
trade name of Sublicensee (or Licensee, if applicable)]”). Each Facility License Agreement shall specify all of the
trade names used by the applicable Sublicensee. For the avoidance of doubt, Licensee shall obtain Licensor’s prior written
approval (not to be unreasonably withheld, conditioned or delayed) of any signage not depicted in exhibit G. Unless otherwise
expressly permitted herein or approved in writing by Licensor, neither Licensee nor Sublicensee shall store or display any signs
or merchandise or equipment outside of a Service Area. Licensee covenants that all signage used in a Facility, and any other promotional
materials used by Licensee or the Sublicensees that refer to a Facility or that bear Licensor’s Marks, shall comply with
all applicable laws. Any review or approval of any signage or other promotional materials by Licensor does not relieve Licensee
of the foregoing obligation. Upon the termination or expiration of a License, Licensee shall ensure that all of Licensee’s
and Sublicensees’ signage at the corresponding Facility shall be removed as provided in this Agreement, and Licensee shall
ensure that any damage to the applicable Facility resulting from such removal is promptly repaired at no cost to Licensor. Licensor
may also require Licensee and Sublicensees to move any Permitted Signage from time to time. Schedule 13 sets forth all of the
trade names in use by or on behalf of Licensee. Licensee represents and warrants that Licensee and the applicable Sublicensee(s)
have the right to use, display and promote the trade name(s) set forth in schedule 13 and that such use, display and promotion
does not and will not infringe or misappropriate any copyright, trademark, patent, trade secret, or other intellectual property
right of any third party, and Licensee agrees to indemnify Licensor pursuant to section 9.1 for any Losses Licensor suffers as
a result of any claim infringement or misappropriation.

 

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14.
Hazardous Materials.

 

14.1.
Hazardous Materials Prohibited. Licensee shall not, and shall not permit any Sublicensee to, use or introduce in or about
any Facility any Hazardous Material in violation of any Environmental Law. For the purposes hereof (a) “Hazardous Material”
means any substance that is (i) defined as a hazardous substance, hazardous material, hazardous waste, biohazardous materials,
pollutant, toxic substance, pesticide, contaminant or words of similar import under any Environmental Law, (ii) a petroleum product,
byproduct or other hydrocarbon substance, including, without limitation, crude oil or any fraction thereof, (iii) hazardous, toxic,
corrosive, flammable, explosive, infectious, radioactive, carcinogenic or a reproductive toxicant, or otherwise a threat to human
health, including, without limitation, infectious or medical wastes, asbestos or asbestos containing materials, polychlorinated
biphenyls, and lead or lead containing materials; or (iv) regulated pursuant to any Environmental Law; and (b) “Environmental
Law” means any all applicable laws that purport to regulate the generation, processing, production, storage, treatment,
disposal, transport or release of Hazardous Materials to the environment, or impose requirements, conditions or restrictions relating
to environmental protection, management, planning, reporting or notice or public or employee health and safety.

 

14.2.
Disposal of Medical Waste. To the extent Licensee or any Sublicensee generates any medical waste (including, without limitation,
any “red bag” waste, needles, gloves, gauze, gowns and other disposables, “Medical Waste”) (a)
the collection of such Medical Waste and the storage, clean up, disposal and transport out of the applicable Facility of such
Medical Waste shall occur at Licensee’s sole cost and expense and in full compliance with all applicable local, state, provincial
and federal laws (including, without limitation, all applicable ordinances, regulations, guidance and recommendations promulgated
or set forth by any regulatory or advisory body, including, without limitation, by the federal Occupational Safety and Health
Administration or any similar federal, provincial, state or local body), (b) the collection of Medical Waste shall occur within
the Services Area only and may not be stored at or transported through the applicable Facility except strictly as necessary to
dispose of such Medical Waste and subject to the preceding clause (a), and (c) Medical Waste may in no event be added to or combined
with any of Licensor’s trash or trash bins, dumpsters or like receptacles.

 

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15.
Non-Disclosure.

 

15.1.
Certain Definitions. For the purposes of this Agreement, the following terms have the meanings ascribed to them:

 

15.1.1.
“Confidential Information” means any information, whether provided before or after the Effective Date, that
is marked by or on behalf of a Disclosing Party as confidential, non-public or proprietary or that should reasonably be understood
by the Receiving Party to be confidential, non-public or proprietary, including, without limitation, information relating to a
Disclosing Party’s actual or potential customers; workout techniques and programs; class designs; operational processes;
marketing strategies and plans; trade secrets; pricing; information systems; budgets; revenues and expenses; financial forecasts;
profit margins; forms, procedures, memos, manuals, and training materials; relationships with suppliers, vendors, agents or other
licensees; and other facility leases or license terms; as well as any notes, compilations, summaries or other materials prepared
by or for the Receiving Party that contain, are based on, or otherwise are derived from, in whole or in part, any of the foregoing;
provided, however, that Confidential Information does not include information that (a) at the time of disclosure is, or thereafter
becomes, generally available to the public other than as a result of any material breach of this Agreement by the Receiving Party
or any of its Representatives, (b) at the time of disclosure is, or thereafter becomes, available to or known by the Receiving
Party or its Representatives from a third-party source (provided that, to the Receiving Party’s knowledge, such third party
is not and was not prohibited from disclosing such Confidential Information to the Receiving Party), (c) was known by or in the
possession of the Receiving Party or its Representatives prior to being disclosed by or on behalf of the Disclosing Party, or
(d) was or is independently developed by the Receiving Party or its Representatives without reference to or use of any of the
Disclosing Party’s Confidential Information.

 

15.1.2.
“Disclosing Party” means a Party whose Confidential Information has been received by, disclosed to or otherwise
obtained by, directly or indirectly, the other Party.

 

15.1.3.
“Receiving Party” means a Party that has received, been given access to or otherwise obtained, directly or
indirectly, any Confidential Information of the other Party

 

15.1.4.
“Representatives” means a Receiving Party’s employees, officers, directors, attorneys, accountants and
advisors (but excluding any of the same that are competitors of the Disclosing Party).

 

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15.2.
No Disclosure or Use of Confidential Information, Except as Permitted. Each Party agrees (a) not to disclose or otherwise
provide, directly or indirectly, the terms of this Agreement or any Confidential Information of a Disclosing Party to any person,
firm, corporation, or other entity, including the general public, directly or indirectly, without the prior written consent of
the Disclosing Party (except that a Receiving Party may disclose such information to its Representatives, provided that such Representatives
(i) need to review such information to assist the Receiving Party, or act on its behalf, in performing hereunder, (ii) are informed
by the Receiving Party of the confidential nature of such information, and (iii) are subject to confidentiality duties or obligations
with respect to such information that are no less restrictive than those set forth herein; (b) not to use the Confidential Information
of a Disclosing Party in connection with any work performed for the benefit of the Receiving Party or any of the Receiving Party’s
Representatives or for the benefit of any competitor of the Disclosing Party without the prior written consent of the Disclosing
Party; (c) not to copy or reproduce, in any manner, any Confidential Information of a Disclosing Party (except to the extent included
in automatically generated computer back-up or archival copies generated in the ordinary course of the Receiving Party’s
business or as required to comply with applicable law or otherwise with the prior written consent of the Disclosing Party); and
(d) to take all reasonable, necessary and appropriate actions to safeguard Confidential Information of a Disclosing Party that
at it receives from unauthorized disclosure or use, which actions will not be any less protective than the precautions taken with
respect to a Receiving Party’s own Confidential information.

 

15.3.
Ownership. Each Party’s Confidential Information shall remain the property of that Party. The Receiving Party will
not have any license in or rights to any patents, trade secrets, trademarks, copyrights, intellectual property, proprietary rights
or other Confidential Information of the Disclosing Party by virtue of this Agreement or the disclosure of such Confidential Information.

 

15.4.
Return or Destruction. Upon the request of the Disclosing Party, the Receiving Party will, at its option, promptly either
(a) return to the Disclosing Party all materials provided by the Disclosing Party containing Confidential Information, including
any copies, compilations, and extracts thereof, without retaining any copies thereof or (b) certify in writing that it has destroyed
the same. The obligations in this section 15.4 do not extend to any automatically generated back-up or archival copies created
in the ordinary course of the Receiving Party’s business, provided that any Confidential Information contained therein shall
remain subject to the non-disclosure obligations set forth herein.

 

15.5.
Remedies. Each Party acknowledges that the sharing of Confidential Information of a Disclosing Party in breach of this
Agreement, whether directly or indirectly, could have a material detrimental effect on the future profitability of the Disclosing
Party and that determining the resulting damages to the Disclosing Party would be impracticable or extremely difficult to ascertain;
therefore, the Parties agree that if a Receiving Party violates the terms of this section 15, the Disclosing Party may seek injunctive
relief in addition to any other remedy to which it is entitled.

 

15.6.
No Public Announcements. In no event may Licensee, without the prior written approval of Licensor (a) publicize or comment
on, in any medium that now exists or will exist in the future (including, without limitation, any news media or social media)
the facts and circumstances of Licensee’s experience as a licensee of Licensor or (b) make any public announcements or issue
any press releases concerning this Agreement or the transactions contemplated hereby.

 

15.7.
Survival. This section 15 shall survive the expiration or termination of this Agreement for a period of two years

 

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16.
Miscellaneous.

 

16.1.
Disputes. In the event of any dispute, claim, question, or disagreement arising from or relating to this Agreement, the
Parties shall consult with each other in good faith and, recognizing their mutual interests, attempt to reach a just and equitable
solution satisfactory to both parties. If they do not reach such solution within a period of 30 days, then, upon notice by either
Party to the other, all disputes, claims and other matters in controversy arising out of or relating to this Agreement , or the
performance or breach hereof, shall be submitted to final binding arbitration in accordance with the provisions and procedures
of this section 16.1. The arbitration provided for in this section 16.1 shall take place in Orange County, California, in accordance
with the provisions of the title 9, sections 1280 et seq. of the California Code of Civil Procedure, except as provided
to the contrary hereunder. The arbitration shall be held before and decided by a single neutral arbitrator. The single neutral
arbitrator shall be selected from a list of retired judges of the Superior Court of the State of California for the County of
Orange by a process mutually agreed upon by Licensor and Licensee. If no such agreement can be reached as to the process for selecting
the arbitrator or if the agreed method fails, the arbitrator shall be appointed in accordance with the provisions of California
Code of Civil Procedure §1281.6. Licensor and Licensee shall mutually agree upon the date and location of the arbitration,
subject to the availability of the arbitrator. If no agreement can be reached as to the date and location of the arbitration,
the arbitrator shall appoint a time and place in accordance with the provisions of California Code of Civil Procedure §1282.2(a)(1),
except that the arbitrator shall give not less than 30 days’ notice of the hearing unless the Parties mutually agree to
shorten the time for notice. Licensor and Licensee shall be entitled to undertake discovery in the arbitration in accordance with
the provisions of subsections (a) through (d) of California Code of Civil Procedure §1283.05. In conjunction with these procedures,
the Parties shall be entitled to request and obtain production of documents in discovery in the arbitration in accordance with
the same rights, remedies and procedures, and shall be subject to all of the same duties, liabilities and obligations as if the
subject matter of the arbitration were pending in a civil action before a Superior Court of the State of California. The Parties
hereby agree that any discovery taken hereunder shall be permitted without first securing leave of the arbitrator and shall be
kept to a reasonable minimum. The decision of the arbitrator may be confirmed pursuant to the provisions of California Code of
Civil Procedure §1285. The details or existence of any disputes, claims and other matters in arbitration proceedings themselves
and any discovery taken in connection with the arbitration, shall be kept strictly confidential and shall not be disclosed or
discussed with any third party, except as may be required by law. The cost of such arbitration, the cost of enforcing the arbitration
award in court and the cost of seeking a court order to compel arbitration, including reasonable attorneys’ fees, shall
be borne by the losing Party or in such proportions as the arbitrator shall decide. All reasonable costs, including reasonable
attorneys’ fees, incurred in enforcing an arbitration award in court shall be borne by the losing Party in such proceedings.
Anything to the contrary in this Agreement notwithstanding, Licensor shall have the right and option to maintain a summary action
for eviction, such as an unlawful detainer action, in a court of competent jurisdiction. Furthermore, anything to the contrary
in this Agreement notwithstanding, Licensor shall have the right and option to maintain action for injunctive and other equitable
relief against Licensee in a court of competent jurisdiction.

 

16.2.
Choice of Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of California
without giving effect to any choice or conflict of law provision or rule (whether of the State of California or any other jurisdiction)
that would cause the application of laws of any jurisdiction other than those of the State of California.

 

16.3.
Cumulative Remedies. No remedy or election hereunder shall be deemed exclusive but shall whenever possible be cumulative
with all other remedies.

 

16.4.
Entire Agreement. This Agreement, including all schedules, exhibits and attachments attached hereto, constitutes the final,
complete, and exclusive statement of the terms of the agreement between the Parties pertaining to the subject matter of this Agreement
and supersedes all prior and contemporaneous understandings or agreements of the Parties (including any prior confidentiality
agreement between the parties). No Party has been induced to enter into this Agreement by, nor is any Party relying upon, any
representation or warranty outside those expressly set forth in this Agreement.

 

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16.5.
Severability. If a court or an arbitrator of competent jurisdiction holds any provision of this Agreement to be illegal,
unenforceable, or invalid in whole or in part for any reason, the validity and enforceability of the remaining provisions, or
portions of them, will not be affected.

 

16.6.
Trademarks, Service Marks and Patents; Marketing. Licensee acknowledges the validity of all Marks owned by Licensor, and
neither Licensee nor any Sublicensee shall use any of said Marks without the prior written approval of Licensor, as set forth
below. If Licensor grants its written approval to Licensee to use any of its Marks in connection with this Agreement, Licensee
and the applicable Sublicensee shall use such Marks only in the exact form, style, and type then prescribed by Licensor, only
for the purposes expressly outlined in this Agreement or the written approval granting use of such Marks, and subject to any additional
usage guidelines provided by Licensor. Any request by Licensee or a Sublicensee to use any of Licensor’s Marks shall be
directed to Chad Abramo, Executive Vice President of Ancillary Services, at chada@fitnessintl.com, or as otherwise directed
by Licensor. Without limiting the foregoing, Licensee and Sublicensees will be solely responsible for any marketing of the Services
(including, without limitation, the preparation of all marketing materials and the costs thereof). All marketing created or used
by or on behalf of Licensee or a Sublicensee that includes Licensor’s Marks shall be subject to the prior written approval
of Licensor, which may be withheld in Licensor’s sole and absolute discretion; provided, however, that: (a) Licensee may,
without Licensor’s prior approval, list solely a Facility’s name, postal address, phone, or website address in Licensee’s
online and printed directories (but Licensee shall cease using such information upon termination of the applicable License or
upon Licensor’s request); and (b) Licensee may use Licensor’s Marks to market Licensee’s business (including
by way of announcements of pending openings) to its investor community, local businesses and households, subject to Licensor’s
prior approval, not to be unreasonably withheld, conditioned or delayed.

 

16.7.
Assignment. This Agreement and each License granted hereunder is personal to Licensee. Neither this Agreement nor any License
nor any of Licensee’s rights hereunder or thereunder may be assigned or otherwise transferred, in whole or in part, in any
manner whatsoever (including, without limitation, by way of sublicense or franchise) by Licensee unless first approved in writing
by Licensor (with such approval not to be unreasonably withheld). Licensee will not have the right to authorize or permit any
person other than Sublicensees approved by Licensor in accordance with this Agreement to occupy or provide Services within any
Facility. Any purported assignment or transfer in violation of this section 16.7 shall be void and of no effect. For the avoidance
of doubt, Licensor shall have the absolute, unrestricted right, exercisable at any time, to transfer and assign all or any part
of its rights and obligations under this Agreement to any person or legal entity without Licensee’s consent by providing
30 days’ written notice thereof to Licensee.

 

16.8.
Binding Effect. Subject to the provisions of this Agreement restricting assignment, this Agreement shall bind the Parties,
their personal representatives, successors, Sublicensees and assigns, and nothing in this Agreement, express or implied, is intended
to or shall confer upon any other person or entity any rights, benefits or remedies of any nature whatsoever under or by reason
of this Agreement.

 

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16.9.
Notices. All notices, requests, demands and other communications required or permitted under this Agreement shall be in
writing (which shall include notice by electronic mail or facsimile transmission) and shall be deemed to have been duly made and
received when personally served; or, if sent by first class mail, registered or certified, postage prepaid, on the second day
after mailing; or, if sent by Federal Express or similar overnight courier service, expenses prepaid, when delivered; or, if sent
by electronic mail, graphic scanning or other facsimile communications equipment, when delivered by such equipment. Any such notices,
requests, demands or other communications must be properly addressed as follows (provided that either Party may change their address
for purposes hereof by giving notice to the other Party in the manner set forth below):

 

	Licensor:	Licensee:
	LAF
        Canada Company

        3161
        Michelson Drive, Suite 600

        Irvine,
        California 92612

        Attention:
        General Counsel

        Facsimile
        number: (866) 430-1079

         

        With
        a copy sent to the attention of:

        Licensing
        Department, at the same address.
	Novo
        Healthnet Limited, Inc.

        119
        Westcreek Dr., Suite 1

        Woodbridge,
        Ontario, L4L9M6

         

        Sublicensee
        (if applicable):

        See
        applicable Facility License Agreement

 

16.10.
Standard for Consent. Except as otherwise provided herein, Licensor shall not be obligated to exercise any standard of
reasonableness in determining whether to grant any consent or approval allowed or permitted in this Agreement.

 

16.11.
Relationship of the Parties; Third Party Beneficiaries. Licensee and Sublicensees are independent contractors and are solely
responsible for all aspects of the provision of Services within the Service Areas, subject only to the express conditions and
covenants established by this Agreement. The Parties agree that this Agreement is not intended to create and shall not be considered
as creating any partnership, joint venture, employment, agency or any fiduciary or other relationship between Licensor, on the
one hand, and any Licensee Party on the other hand, aside from a licensor-licensee relationship solely between Licensor and Licensee.
Neither Party shall engage in any behavior which could reasonably cause any person or entity, either directly or indirectly, to
reasonably believe that any Licensee Party is an employee of Licensor. Licensor and Licensee agree and accept that the terms of
this Agreement do not constitute an employment agreement between Licensor and any Licensee Party. Neither Licensee nor Sublicensees
will have any right or power to, or will, bind or obligate Licensor in any way or manner, nor represent that they have any right
to do so. The sole relationship between Licensee and Licensor is a commercial, arms’ length business relationship and, except
as provided in this section 16.11, there are no third party beneficiaries to this Agreement; however, Licensor will be deemed
to be a third party beneficiary to all agreements between Licensee and any Sublicensee pertaining to a Facility. Licensee’s
and Sublicensees’ businesses are, and will be kept, totally separate and apart from any that may be operated by Licensor.
Licensee acknowledges and agrees that any Sublicensee providing Services in a Service Area will enter into a franchise relationship
with Licensee and not Licensor, and has no other relationship with Licensor other than that of independent contractor.

 

16.12.
Attorneys’ Fees. If either Party brings an action to enforce the terms hereof or declare rights hereunder, the prevailing
Party in any such action, arbitration, trial or appeal thereon shall be entitled to reasonable attorneys’ fees to be paid
by the losing Party as fixed by the arbitrator or court in the same or a separate suit, and whether or not such action or suit
is pursued to decision or judgment.

 

16.13.
Consequential Damages. Notwithstanding anything to the contrary herein, Licensor shall not be liable to Licensee for consequential
damages, special damages or lost profits.

 

    	 	32	 

    	 

    

 

16.14.
No Warranty or Waiver. Except as otherwise set forth herein, neither Party makes any warranties or guarantees upon which
the other party, or any Sublicensee, may rely by providing any waiver, approval, consent, acceptance or suggestion to the other
party, or any Sublicensee, in connection with this Agreement, and assumes no liability or obligation to the other party therefor,
or by reason of any neglect, delay, or denial of any request therefor. Except as otherwise set forth herein, neither party will,
by virtue of any advice provided to the other party, assume responsibility or liability to the other party or to any third parties
(including, but not limited to, Sublicensees) to which the providing party would not otherwise be subject. No waiver by Licensor
of any provision of this Agreement shall be deemed a waiver of any other provision hereof or of any subsequent breach by Licensee,
or any Sublicensee, of the same or any other provisions. Licensor’s consent to, or approval of, any act shall not be deemed
to render unnecessary the obtaining of Licensor’s consent to or approval of any subsequent act by Licensee, or any Sublicensee.
The acceptance of any payment hereunder by Licensor shall not be a waiver of any preceding breach by Licensee of any provision
hereof, other than the failure of Licensee to pay the particular payment so accepted, regardless of Licensor’s knowledge
of such preceding breach at the time of acceptance of such payment.

 

16.15.
Authority. If Licensee is a corporation, limited liability company, trust, or general or limited partnership, Licensee,
and each individual executing this Agreement on behalf of such entity, represent and warrant that such individual is duly authorized
to execute and deliver this Agreement on behalf of said entity and that no additional signatures or consent are required for this
Agreement to be the binding legal obligation of such entity.

 

16.16.
Construction. The words “include,” “includes” and “including” when used herein shall
be deemed in each case to be followed by the words “without limitation.” The word “or” is used in the
inclusive sense of “and/or.” Reference to any agreement, document or instrument means such agreement, document or
instrument as amended or modified and in effect from time to time in accordance with the terms thereof. References to documents,
instruments or agreements shall be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto. References
to any law means any domestic or foreign federal, state, provincial, territorial or local law (statutory, common or otherwise),
statute, constitution, treaty, convention, ordinance, code, rule, regulation, administrative interpretation or other similar requirement
enacted, adopted, promulgated or applied by a governmental authority or any decision, injunction, judgment, order, writ, decree,
ruling, subpoena, or verdict entered, issued, made, or rendered by any court, administrative agency, other governmental authority
or arbitrator as the same has been amended, modified, codified, replaced or reenacted, in whole or in part, and in effect from
time to time. The words “hereunder,” “hereof,” “hereto,” and words of similar import shall
be deemed references to this Agreement as a whole and not to any particular section or other provision hereof. A “business”
day shall mean any day other than a Saturday, Sunday or United States federal holiday. As used in this Agreement, the masculine,
feminine or neuter gender, and the singular or plural, shall be deemed to include the others whenever and wherever the context
so requires. Any article, section, paragraph or subsection headings used herein are inserted for reference purposes only and shall
not in any way affect the meaning or interpretation of this Agreement. The Parties hereto agree that they have been represented
by counsel during the negotiation, preparation and execution of this Agreement and, therefore, waive the application of any law,
regulation, holding or rule of construction providing that ambiguities in an agreement or other document will be construed against
the party drafting such agreement or document.

 

16.17.
Survival. Sections 5.8 (“No Disparagement”), 7.3 (“Non-Solicitation”), 9 (“Indemnification;
Damages”) and 15 (“Non-Disclosure”), and any other provisions of this Agreement that may reasonably be interpreted
or construed as surviving the expiration or termination of this Agreement or the Licenses granted hereunder, shall survive such
expiration or termination indefinitely or as otherwise expressly provided.

 

    	 	33	 

    	 

    

 

16.18.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument. The Parties agree that a .pdf copy or facsimile copy of this
Agreement bearing authorized signatures may be treated as an original.

 

16.19
Agreements with Third Parties. Licensee acknowledges that, over time, Licensor has entered, and will continue to enter,
into agreements with other third parties and service providers for the right to operate service or retail outlets in Facilities.
These agreements may contain provisions, conditions and obligations that differ from those contained in this Agreement. The existence
of different forms of agreement and the fact that Licensor and other entities may have different rights and obligations does not
affect the duties of the parties to this Agreement to comply with the terms of this Agreement.

 

16.20
Priority of Documents. Any conflict, ambiguity or inconsistency between the terms and conditions in the documents making
up this Agreement shall be resolved in accordance with the following decreasing order of priority: (1) this Agreement, (2) the
applicable LMA, (3) the applicable Facility License Agreement, and (4) any other referenced or incorporated documents.

 

16.21
Exercise of Discretion. Whenever Licensor has reserved in this Agreement a right and/or the discretion to take or withhold
an action, or to grant or decline to grant Licensee a right to take or withhold an action, except as otherwise expressly and specifically
provided in this Agreement, Licensor may make such decision or exercise such right and/or discretion on the basis of its judgment
of what is in its best interests. Licensor’s judgment of what is in its best interests, at the time its decision is made
or its right or discretion is exercised, can be made without regard to whether: (1) other reasonable alternative decisions or
actions, or even arguably preferable alternative decisions or actions, could have been made by Licensor; (2) Licensor’s
decision or the action taken promotes its financial or other individual interest; (3) Licensor’s decision or the action
taken applies differently to Licensee and one or more other Sublicensees, or differently among Sublicensees; or (4) Licensor’s
decision or the action taken is adverse to Licensee’s interests. Licensor will have no liability to Licensee for any such
decision or action. Licensor and Licensee intend that the exercise of Licensor’s right or discretion will not be subject
to limitation or review. If applicable law implies a covenant of good faith and fair dealing in this Agreement, Licensor and Licensee
agree that such covenant will not imply any rights or obligations that are inconsistent with a fair construction of the terms
of this Agreement and that this Agreement grants Licensor the right to make decisions, take actions and/or refrain from taking
actions not inconsistent with Licensee’s rights and obligations under this Agreement.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	 	34	 

    	 

    

 

Each
party is signing this agreement on the date stated in the introductory clause.

 

	LAF Canada Company	 	Novo Healthnet Limited, Inc.
	 	 	 	 	 
	Signature:	/s/
    Kathryn Polson	 	Signature:	/s/
    Robert Mattacchione
	Name:	Kathryn Polson	 	Name:	Robert
    Mattacchione 
	Title:	Chief Financial
    Officer	 	Title:	Chairman
	 	 	 	 	 
	Signature:	/s/
    Todd von Sprecken	 	 	 
	Name:	Todd von Sprecken	 	 	 
	Title:	Chief Development
    Officer	 	 	 

 

[Signature
Page to Master Facility License Agreement (Novo Healthnet Limited, Inc.)]

 

    	 	 	 

    	 

    

 

Schedule
1.2

 

Facilities
Subject to Initial Licenses

 

	1.	That
    certain Licensor facility no. [10117] located at [1380 Don Mills Road, Toronto, ON M3B 2X2] known as “LA
    Fitness Don Mills” 1500 sf upstairs – Monthly License Payment: $5,000.
	 	 
	2.	That
    certain Licensor facility no. [10140] located at [3055 Vega Blvd. Mississauga, ON L5L 5Y3] known as “LA
    Fitness Mississauga – Vega Blvd.” 528 sf – Monthly License Payment: $4,100.
	 	 
	3.	That
    certain Licensor facility no. [10128] located at [33 William Kitchen Rd. Building J Unit 5, Scarborough, ON M1P
    5B7] known as “LA Fitness Scarborough – William Kitchen Rd.” 800 sf – Monthly License Payment:
    $4,000
	 	 
	4.	That
    certain Licensor facility no. [10130] located at [3003 Danforth Ave. Unit 40-42, Toronto, ON M4C 1M9] known
    as “LA Fitness Toronto – Danforth Ave.” – 600 sf Monthly License Payment: $4,200.
	 	 
	5.	That
    certain Licensor facility no. [10142] located at [43 Junction Road, Toronto, ON M6N 1B5] known as “LA
    Fitness Toronto – Keele St.” – 600 sf Monthly License Payment: $5,500.
	 	 
	6.	That
    certain Licensor facility no. [10118] located at [225 Fletcher’s Creek Blvd. Brampton, ON L6X 0Y7] known
    as “LA Fitness – Brampton Northwest” 800 sf – Monthly License Payment: $4,400
	 	 
	7.	That
    certain Licensor facility no. [10124] located at [1117 Maple Ave. Milton, ON L9T 0A5] known as “LA
    Fitness – Milton” 850 sf – Monthly License Payment: $4,400
	 	 
	8.	That
    certain Licensor facility no. [10138] located at [350 Taunton Road East, Whitby, ON L1R 0H4] known as “LA
    Fitness – Whitby” 490 sf – Monthly License Payment: $$3,200
	 	 
	9.	That
    certain Licensor facility no. [10120] located at [1970 Eglinton Ave. East, Toronto, ON M1L 2M6] known as “LA
    Fitness – Scarboro” 780 sf – Monthly License Payment: $4,800
	 	 
	10.	That
    certain Licensor facility no. [10134] located at [15650 Bayview Avenue, Aurora, ON L4G 6J1] known as “LA
    Fitness – Aurora” 500 sf – Monthly License Payment: $3,400
	 	 
	11.	That
    certain Licensor facility no. [10111] located at [40 Annagem Blvd. Mississauga, ON L5T 2Y3] known as “LA
    Fitness – Mississauga Annagem” 810 sf– Monthly License Payment: $5,000

 

    	 	 	 

    	 

    

 

	12.	That certain Licensor
    facility no. [10110] located at [264 Victoria Street N, Kitchener, ON N2H 5C8] known as “LA Fitness
    – Kitchener” 1400 sf – Monthly License Payment: $5,200
	 	 
	13.	That certain
    Licensor     facility no. [       ] located at
    [       ] known as “LA Fitness – Niagara Falls” 800 sf –
    Monthly License     Payment: $4,200
	 	 
	14.	That certain Licensor
    facility no. [10133] located at [90 Pinebush Rd. Cambridge, ON N1R 8J8] known as “LA Fitness –
    Cambridge” 800 sf – Monthly License Payment: $,5000.
	 	 
	15.	That certain Licensor
    facility no. [10137] located at [3100 Dixie Road, Unit 14A, Mississauga, ON L4Y 2A6] known as “LA Fitness
    Mississauga – Dixie Rd.” 600 sf Monthly License Payment: $3,900
	 	 
	16.	That certain Licensor
    facility no. [10129] located at [1326 Brant St., Burlington, ON L7P 1X8] known as “LA Fitness Burlington
    – Brant St.” 600 sf – Monthly License Payment: $4,200
	 	 
	17.	That certain Licensor
    facility no. [10115] located at [2959 Bovaird Drive East, Brampton, ON L6S 0C6] known as “LA Fitness
    – Brampton North” – 600 sf Monthly License Payment: $4,200
	 	 
	18.	That certain Licensor
    facility no. [10127] located at [10167 186th St. NW, Edmonton, AB T5S 0G5] known as “LA
    Fitness – Edmonton 186th St.” 750 sf – Monthly License Payment: $4,650

 

    	 	 	 

    	 

    

 

Schedule
6.1

 

Licenses
and Permits

 

[Licensee:
please insert]

 

    	 	 	 

    	 

    

 

Schedule
13

 

Trade
Names

 

[Licensee:
please insert]

 

    	 	 	 

    	 

    

 

[insert
Facility name]

 

Exhibit
A -1

 

Form
of Location Memorandum Agreement

 

This
Location Memorandum Agreement (“LMA”) is between LAF Canada Company (“Licensor”) and Novo
Healthnet Limited, Inc. (“Licensee”) and is effective as of the last date set forth below.

 

Licensor
and Licensee subject to that certain Master Facility License Agreement dated as of [________] (as amended from time to time, the
“MFLA”), which contemplates that Licensor and Licensee may from time to time agree to license additional Licensor
facilities.

 

Licensor
and Licensee therefore agree as follows:

 

(A)
Licensor hereby grants to Licensee the right to license to a Sublicensee the occupancy and use, within that certain Licensor facility
no. [insert] located at [insert address] known as “[insert]”), a Service Area as depicted on
Attachment A hereto. Hereafter, such facility will be deemed a Facility, and such license will be deemed a License, in each case
subject to the terms and conditions of the MFLA.

 

	(B)	The Grant Date for
    such License shall be [__].
	 	 
	(C)	The Commencement
    Date for such License shall be [__].
	 	 
	(D)	The approximate
    square footage of the Service Area referenced in (A) shall be [insert] square feet.
	 	 
	(E)	The Monthly License
    Payment for such License shall be $[insert].
	 	 
	(F)	Sublicensee’s
    minimum hours of operation shall be: _____ days a week, _____ hours per day.

 

(G)
For purposes of section 8 of the MFLA, the Facility Owner of this Facility shall be named as an additional insured as follows:
[insert].

 

(H)
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the MFLA. This LMA may
be executed in counterparts and will be as fully binding as if signed in one entire document, and counterparts delivered by facsimile
transmission or by e-mail delivery of a “.pdf” file may be used in lieu of the originals for any purpose.

 

The
Parties hereby execute this LMA by their duly authorized representatives.

 

	LAF Canada Company	 	Novo Healthnet Limited, Inc.
	 	 	 	 	 
	Signature:	 	 	Signature:	 
	Name:	 	 	Name	 
	Title:	 	 	Title:	 
	Date:	 	 	Date	 
	 	 	 	 	 
	Signature: 	 	 	 	 
	Name 	 	 	 	 
	Title: 	 	 	 	 
	Date: 	 	 	 	 

 

    	 	 	 

    	 

    

 

[insert
Facility name]

 

Exhibit
A-2

 

Form
of Facility License Agreement

 

    	 	 	 

    	 

    

 

Exhibit
B

 

Services

 

	Permitted
    Use	 	Detailed
    Description 
	Out-patient
    physical and/or occupational therapy 	 	General
    orthopedic physical and/or occupational therapy including rehabilitation of the hands or upper extremities and foot and ankle
    rehabilitation: physical and/or occupational therapy for sports injuries, spine rehabilitation, including, but not limited
    to, mobilization, stabilization and back education, industrial rehabilitation medicine, work hardening or conditioning of
    the injured worker, and other therapeutic interventions included in the scope of practice of physical and/or occupational
    therapy, which are rendered:

 

	 	(1)	by
    a: (a) licensed physical therapist (“PT”), (b) physical therapy assistant (“PTA”) (which individual
    shall be licensed, if required by applicable law), (c) licensed occupational therapist (“OTR”), or (d) licensed
    occupational therapist assistant (“COTA”); and
	 	 	 
	 	(2)	with
    respect to ongoing treatment (e.g. following an initial evaluation that determined the need for ongoing treatment) is provided
    pursuant to a treatment plan developed by a PT or OTR, which is consistent with the statutes and regulations governing the
    provision of therapy services and the respective state practice acts for physical and occupational therapy; and
	 	 	 
	 	(3)	Where
    required by law, is pursuant to an order, referral and/or certification by a physician or authorized non-physician practitioner.

 

In
addition:

 

	 	1.	All
    Services rendered must be provided: (a) directly pursuant to a bona fide prescription issued by a licensed physician or other
    licensed healthcare provider (e.g., nurse practitioner); and/or (b) pursuant to a Customer’s medical benefits under
    a provincial social healthcare program, a private insurance plan and/or workers’ compensation insurance (collectively,
    “Insurance”).
	 	 	 
	 	2.	In
    no event shall Licensee, Sublicensee or Licensee’s or Sublicensee’s agents, employees, representatives or contractors
    offer, advertise, sell, promote, provide or otherwise engage in Personal Training, as such term is defined in the Agreement,
    at the Facility.

 

    	 	 	 

    	 

    

 

Exhibit
C

 

Form
of Construction Memorandum

 

Subject
to the terms and conditions of that certain Master Facility License Agreement between LAF Canada Company (“Licensor”),
and Novo Healthnet Limited, Inc., a(n) [insert state of formation] corporation (“Licensee”) (such agreement,
as amended from time to time, the “MFLA”), Licensee shall construct the following mutually agreed upon improvements
to the Service Area within that certain Licensor facility no. [insert] located at [insert address] known as “[insert]”),
(enclose construction drawings and plans and specifications and attach additional pages if necessary):

 

●
[TBD]

 

●
[TBD]

 

●
[TBD]

 

●
[TBD]

 

Licensee’s
detailed written estimate of the expected total costs of such Improvements is (attach additional pages if necessary): [______]

 

Estimated
Completion Date of the Improvements: [______]

 

All
plans and specifications must be reviewed and approved by Licensor, whether or not attached to this memorandum.

 

Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the MFLA. This memorandum may be
executed by facsimile transmission or by e-mail delivery of a “.pdf” file and the same may be used in lieu of the
original for any purpose.

 

Accepted
and agreed on [______].

 

	LAF
    Canada Company	 	Novo
    Healthnet Limited, Inc.
	 	 	 	 	 
	Signature:	 	 	Signature:	 
	Name	 	 	Name	 
	Title:	 	 	Title:	 

 

    	 	 	 

    	 

    

 

Exhibit
D

 

PAD
Agreement

 

Licensee
(or other authorizing individual indicated below) authorizes the use of electronic funds transfer for Licensor’s collection
of the Monthly License Payments due under that certain Master Facility License Agreement between LAF Canada Company, an entity
organized under the laws of Nova Scotia (“Licensor”), and Novo Healthnet Limited, Inc., an Ontario corporation
(“Licensee”) (such agreement, the “MFLA”), as follows (capitalized terms used but not defined
herein have the meanings given to such terms in the MFLA).

 

(a)
PAD Agreement. I, ____________, hereby authorize my bank to draw a debit in paper, electronic or other form by the method
indicated below (“PAD Payment”) and post it to my account (“Account”) for purposes of satisfying
the Monthly License Payments due to LAF Canada Company pursuant to the MFLA.

 

Checking
account #: ____________________________ (attach voided check)

Account
route #: ____________________________

Bank
name: ____________________________

Bank
address: ____________________________

City/province/zip:
____________________________

 

OR

 

Credit
card account #: ____________________________ exp. date __________

 

I
further authorize my bank to honour and pay such debits, including Monthly License Payments as identified above and any remaining
balance due, if not paid by the due date. This PAD Agreement and my authorization are provided for the benefit of Licensor and
my bank and are provided in consideration of my bank agreeing to process debits against my Account in accordance with the Rules
of the Canadian Payments Association. I agree that any direction I may provide to draw from the Account designated above in accordance
with this PAD Agreement shall be binding on me as if signed by me, and, in the case of paper debits, as if they were cheques signed
by me. I acknowledge that in order to revoke or cancel this PAD Agreement, I must provide 10 days’ written notice of revocation
or cancellation of this PAD Agreement to Licensor. Such a revocation applies only to the method of payment and I agree that revocation
or cancellation of this PAD Agreement does not terminate the MFLA unless I also provide written notice of such termination in
accordance with the terms of the MFLA. More information on the right to cancel the PAD Agreement authorization may be obtained
from my bank or by visiting www.cdnpay.ca.

 

(b)
Disputing a PAD Payment. I may dispute a PAD payment by providing a signed declaration to my bank under the following conditions:
(a) the PAD Payment was not drawn in accordance with this PAD Agreement, (b) this PAD Agreement was revoked or cancelled or (c)
pre-notification of a change in payment amount was not received by you when such notice was otherwise required. I acknowledge
that in order to obtain reimbursement form my bank for the amount of a disputed PAD Payment, I must sign a declaration to the
effect that (a), (b) or (c) above took place and present it to my bank not later than 90 calendar days after the date on which
the disputed PAD Payment was posted to my Account. I acknowledge that, after this 90-day period, I shall resolve any dispute regarding
a PAD Payment solely with Licensor, and that my bank shall have no liability to me respecting any such disputed PAD Payment.

 

    	 	 	 

    	 

    

 

(c)
Credit Card Payment Option Authorization. Now or in the future I may choose to pay amounts described herein through my
credit card account. If I choose to do so, I hereby authorize Licensor to charge the credit card provided by me on the dates and
in the amounts authorized by the MFLA.

 

(d)
Additional Terms. I have certain recourse rights if any debit does not comply with my authorization in this PAD Agreement.
For example, I have the right to receive reimbursement for any debit that is not authorized or not consistent with this PAD Agreement.
To obtain more information on my recourse rights, I may contact my bank or visit www.cdnpay.ca. In the event of any change in
the Account information I have provided with this PAD Agreement, I acknowledge that this authorization shall continue with respect
to any new Account information I provide for PAD Payment purposes. Furthermore, I understand and consent to the disclosure of
any personal information that may be contained in this PAD Agreement to the processing bank. I acknowledge and agree that by signing
this PAD Agreement I agree to all the terms and conditions of this PAD Agreement, and I agree to comply with the Rules of the
Canadian Payment Association or any other rules and regulations which may affect the services described herein, as may be introduced
in the future or are currently in effect and I agree to execute any further documentation which may be prescribed from time to
time by the Canadian Payment Association with respect to the services described herein. Any inquiries regarding this PAD Agreement
may be directed to Licensor as provided in the MFLA.

 

I
certify that all information provided by me with respect to the Account is accurate and I agree to inform Licensor in writing
of any change in the Account information provided in this PAD Agreement at least 10 days prior to the next due date of a PAD Payment.
In the event of any such change, this PAD Agreement shall continue in respect of any new Account to be used for PAD Payments.
I further acknowledge that by providing and delivering this authorization to Licensor, it shall constitute delivery by me to my
bank and I hereby authorize such delivery by Licensor.

 

I
acknowledge that my bank is not required to verify that the pre-authorized debit has been issued in accordance with the particulars
of this MFLA, including, but not limited to, verifying the amount. Additionally, I consent to the disclosure of any personal information
contained in this MFLA to the extent any such disclosure is directly related to and necessary for the proper application of Rule
H1.

 

I
understand and acknowledge that a $10.00 (CAD) fee will be charged by Licensor on any and all withdrawals returned unpaid by my
bank. Finally, I waive any requirement that Licensor provide me with any prior notice of the amount to be withdrawn, which I acknowledge
may change from month to month per the terms of the MFLA.

 

	Licensee:	 
	 	 
	Novo Healthnet Limited, Inc.  	 
	 	 
	Signature:	 	 
	Name	 	 
	Title:	 	 

 

    	 	 	 

    	 

    

 

Exhibit
E

 

License
Rules And Regulations

 

	1.	Business
    Hours. Licensee must be open for business at each Service Area as set forth in the Agreement or as otherwise agreed in
    writing from time to time.
	 	 
	2.	Business
    Address. The U.S. Postal Service and other carriers may not deliver mail to Licensor facilities. Accordingly, Licensee
    may not use a Facility address as a mailing address. For the sole purpose of providing a billing address or a physical address
    to its Customers and payors, Licensee may use the address of a Facility with a suite number of “[insert trade name]”;
    however, Licensee understands and agrees that mail may not be delivered to a Facility address and that Licensor will not be
    liable for any mail sent to Licensee at such an address.
	 	 
	3.	Dress
    Code. Licensee and its agents, contractors, employees and representatives are required to dress in a professional manner
    while operating Licensee’s business in a Facility. Any clothing worn by the Licensee or its agents, contractors, employees
    or representatives shall properly identify Licensee’s independent nature by identifying the name of Licensee’s
    business. While working in a Facility, Licensee’s agents, contractors, employees and representatives may not wear apparel
    displaying a Licensor “logo” or trade name or any clothing that shall in any way indicate or imply that Licensee
    or any of its agents, contractors, employees or representatives are employees of Licensor. Street clothing, including, but
    not limited to, blue jeans, sandals, hard sole shoes and shorts (such restrictions being consistent with the general club
    dress code) are not acceptable apparel while working in a Facility.
	 	 
	4.	Cleanliness.
    Licensee is required to maintain a clean, healthy and sanitary working environment at all times. Licensee being cited
    or warned by county, state, provincial or city health inspectors for maintaining unsatisfactory working conditions may become
    grounds for termination of the Agreement.
	 	 
	5.	Professional
    Conduct. Licensee and its agents, contractors, employees and representatives shall maintain a high professional standard
    of conduct at all times, including, without limitation, with respect to language, conduct and appearance. Licensee shall at
    all times be aware that each Licensor Facility is a sports club seeking to serve its Members and their guests with the highest
    level of service. In addition to these License Rules and Regulations, the Licensee Parties shall at all times abide by the
    Facility Rules and Regulations attached hereto as Attachment A and incorporated by reference herein and any other rules as
    posted at a Facility (the “Facility Rules and Regulations”), which Licensor may revise without notice at any time.
	 	 
	6.	Food
    and Drug Requirements. Licensee and its agents, contractors, employees and representatives agree not to violate laws,
    rules, policies or codes enforced or promulgated by the U.S Food and Drug Administration, Health Canada, the Ontario Ministry
    of Health and Long-term Care, the College of Physiotherapists of Ontario, or similar bodies (including, without limitation,
    by offering, selling, prescribing or providing services or products or diagnosing conditions in violation thereof) while conducting
    business in a Facility.
	 	 
	7.	Commissions.
    Under no circumstances is Licensee, its agents, contractors, employees or representatives permitted to give money, commissions,
    or gratuities to any Licensor employee, nor is Licensee, its employees, agents, representatives or contractors permitted to
    solicit or accept money, commissions or gratuities from any Licensor employee for any reason.
	 	 
	8.	Phones
    and Sales Desks. Licensee and its agents, contractors, employees and representatives are not permitted to use Licensor
    phones, computers, printers or desks at any time.

 

    	 	 	 

    	 

    

 

	9.	Respect
    for Clients and Fellow Professionals. Licensee and its agents, contractors, employees and representatives agree to act
    with integrity in their relationships with colleagues, fellow licensees, club staff and other professionals to enhance the
    contribution of all parties to the achievement of optimum benefits for Licensee’s Customers and Licensor’s Members.
	 	 
	10.	Equipment
    Use. Licensee agrees that its agents, contractors, employees and representatives will NOT use any workout equipment, wherever
    located in any Facility, or other services offered at a Facility, at any time for their personal use, unless such individuals
    are Members, as set forth in the Agreement. If Licensee’s agents, contractors, employees or representatives are Members,
    then such individuals may workout at a Facility at which they are a Member pursuant to the terms of their respective membership
    agreements with Licensor, provided such individuals do so during hours when they are not working, or scheduled to work, in
    that Facility.
	 	 
	11.	Personal
    Training; Group Fitness. Except as may be expressly permitted in the Agreement, Licensee and its agents, contractors,
    employees and representatives agree not to conduct or advise Licensor Members or Licensee Customers, invitees or guests with
    respect to Personal Training or Group Fitness, nor to coach or instruct any Members or guests in connection with prescribed
    nutritional plans or programs.

 

    	 	 	 

    	 

    

 

Attachment
A to Exhibit E

 

Facility
Rules and Regulations

 

	1.	Each
    Licensee Customer must be personally accompanied or directly supervised by an agent, employee or representative of Licensee
    at all times while such Customer is using a Service Area.
	 	 
	2.	Licensee
    Parties will refrain from engaging in loud, foul or slanderous language or molesting, badgering or harassing Members, Members’
    guests, and Facility agents, contractors, employees licensees and representatives. Threatening or violent conduct is prohibited.
	 	 
	3.	Licensee
    Parties shall not offer any Services to Licensor’s employees free of charge or at discounted rates, unless approved
    in writing in advance by Licensor’s Chief Financial Officer, General Counsel or Vice President of New Business Development.
    Except as otherwise agreed in writing by the Parties, Licensee Parties shall not attempt, in any way, to influence Licensor’s
    employees to endorse or promote Licensee or any Services.
	 	 
	4.	Except
    as permitted in the Agreement, no Licensee Party may coach or train Members or Members’ guests (as determined solely
    by Licensor). Licensee Parties may not engage in any unsanctioned business or enterprise while at a Licensor facility.
	 	 
	5.	From
    time to time, Licensor may permit independent contractors to offer products or services to Members (including to any Licensee
    Party who is a Member). Licensor does not stand behind or in any way make any representations or warranties concerning, or
    guarantee the quality or reliability of, these products or services, including whether or not these independent contractors
    will remain in business for any period of time.
	 	 
	6.	Licensor
    is not liable to Licensee Parties for any personal property that is lost, damaged or stolen while on or around a Facility’s
    premises, including but not limited to, any vehicle or its contents, or any property left in a locker.
	 	 
	7.	Licensee
    Parties may not bring illegal drugs or alcoholic beverages onto Licensor premises.
	 	 
	8.	The
    front desk telephone may only be used by Licensee Parties only in an emergency. Cell phone usage and photography is prohibited
    in the locker rooms.
	 	 
	9.	A
    Licensee Party is liable to Licensor for any Facility damage caused by said Party.
	 	 
	10.	Customers
    shall be required to sign a waiver and release of liability in a form approved by Licensor and as often as deemed necessary
    by Licensor. Until notified by Licensor of a change in the form of waiver and release of liability, Licensee shall require
    Customers to sign the form attached hereto as Attachment B to exhibit C: Form of Waiver of Liability.
	 	 
	11.	Customers
    may be offered health and fitness memberships or sales presentations by Licensor and may be invited to participate in a personal
    training or fitness assessment by Licensor.
	 	 
	12.	Customers
    are not permitted to use any facilities or services, including, without limitation, lockers, group fitness classes, exercise
    equipment, basketball courts, racquetball courts, lobby chairs, Kids Klub, Kids Klub restroom, towels, etc., except as explicitly
    provided in the Agreement.
	 	 
	13.	Licensee
    Parties may not use Licensor’s towel service.
	 	 
	14.	Licensee
    Parties will abide by any additional Licensor rules and regulations posted at a Facility.

 

    	 	 	 

    	 

    

 

Attachment
B to Exhibit E

 

Form
of Waiver of Liability

 

I
understand and acknowledge that Novo Healthnet Limited, Inc. is licensing facilities (“Facilities”) from LAF Canada
Company to perform the evaluation and treatment procedures that are deemed necessary by my therapist in the treatment of my condition.
In consideration of being permitted to make use of and/or have access to the Facilities, I do hereby, on behalf of myself, on
behalf of any minor or other person for whom I have requested such evaluation and treatment procedures (“Minor”),
on behalf of my heirs, successors and assigns, and on behalf of such Minor’s heirs, successors and assigns, release and
forever discharge LAF Canada Company, its affiliates, and their respective successors, related entities, directors, officers,
employees, and agents (collectively, “Releasees”) from, and hereby waive and release, any and all claims, demands,
actions, and causes of action whatsoever arising out of or in any way related to any loss, damage, or injury, including death,
that may be sustained by me and/or such Minor in, on, upon, in connection with or while making use of the Facilities, regardless
of whether any such loss, damage, or injury is caused by the active or passive negligence of the Releasees or otherwise and regardless
of whether any such liability arises in tort, contract, strict liability or otherwise, to the fullest extent allowed by law.

 

	 	 	 	 	 
	Patient
    Signature	 	Witness	 	Date

 

FOR
MINORS: As parent or legal guardian, I have read, understand, and agree with all items stated above and hereby authorized
Novo Healthnet Limited, Inc. to administer physical therapy treatment as prescribed to ________________________ (Patient
Name).

 

	 	 	 	 	 
	Parent/Guardian
    Name	 	Parent/Guardian
    Signature	 	Date

 

    	 	 	 

    	 

    

 

Exhibit
F

 

Contractor
Insurance

 

Worker’s
compensation insurance as required by applicable laws and employer’s liability Insurance with limits of not less than Five
Hundred Thousand Dollars ($500,000) and any insurance required by any employee benefit acts or other statutes applicable where
the work is to be performed as will protect the insuring party’s general contractor and subcontractors from any and all
liability under the aforementioned acts.

 

Commercial
general liability insurance (including contractor’s protective liability) with a combined single limit (bodily injury and
property damage) of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) in the
aggregate. Such insurance shall provide for explosion, collapse and underground coverage and contractual liability coverage and
shall insure the insuring party’s general contractor and/or subcontractors against any and all claims for personal injury,
including death resulting therefrom and damage to the property of others and arising from its operations under the contract, whether
such operations are performed by the insuring party’s general contractor, subcontractors or any of their subcontractors,
or by anyone directly or indirectly employed by any of them. Such insurance policy shall include (a) a products/completed operations
endorsement, and (b) endorsements deleting the employee exclusion on personal injury and the liquor liability exclusion.

 

Automobile
liability insurance, including the ownership, maintenance and operation of any automotive equipment, owned, hired and non-owned
in an amount not less than One Million Dollars ($1,000,000) combined single limit (bodily injury and property damage) per occurrence
and in the aggregate. Such insurance shall insure the insuring party’s general contractor and/or subcontractors against
any and all claims for bodily injury, including death resulting therefrom and damage to the property of others arising from its
operations under the contract, whether such operations are performed by the insuring party’s general contractor, subcontractor
or any of their subcontractors, or by anyone directly employed by any of them.

 

Each
applicable general contractor shall provide an “All Physical Loss” builder’s risk insurance policy on the work
to be performed with respect to any Improvements. Licensee’s general contractor’s policy shall include as insureds
Licensor and the applicable Facility Owner. The amount of insurance to be provided shall be one hundred percent (100%) replacement
cost of the insuring party’s construction cost amount.

 

    	 	 	 

    	 

    

 

Exhibit
G

 

Permitted
Signage

 

Must
include the phrase: “[insert Licensee’s trade name] is independently owned and operated and is not an affiliate
of LA Fitness.”

 

Signage
and decal must each be no bigger than 18” by 18” unless otherwise approved by Licensor.

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