8-K
VIP Play, Inc. (VIPZ)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 8, 2025
VIPPlay, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 000-56290 | 85-0738656 |
|---|---|---|
| (State<br> or other jurisdiction<br><br> <br>of<br> incorporation) | (Commission<br><br> <br>File Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> No.) |
| 1645 Pine Tree Ln, Suite 2, Sarasota, Florida | 34236 | |
| --- | --- | |
| (Address<br> of principal executive offices) | (Zip<br> Code) |
Registrant’s telephone number, including area code: (866) 783-9435
n/a
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None.
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item1.01 Entry into a Material Definitive Agreement.
On January 8, 2025, VIP Play, Inc., a Nevada corporation (the “Company,” “us,” “we” or “our”) entered into an Amended and Restated Agreement for the Provision of a Sports Betting Solution (the “Agreement”) with Sports Information Services Limited, a Malta registered company, a supplier of sports betting solutions to business-to-consumer operators (“Supplier”). The Agreement amends, restates and replaces that certain Agreement for the Provision of a Sports Betting Solution we entered into with Supplier on November 1, 2024 in its entirety. Pursuant to the terms of the Agreement, Supplier has agreed to provide certain services (the “Services”) to us to use through our software platform over which gaming and betting transactions with our customers are conducted, including back-office software, player account management software, geo-location software and/or services, e-wallet software and/or services, websites and mobile applications, any underlying operating software, mobile platforms, or other means of remote communication. The Services are to be provided on a non-transferable, non-sub-licensable and non-exclusive basis for a term of five years after the first live launch in respect of the business to consumer sports betting activities that we intend to carry out in certain states, countries or territories.
The Services to be provided by Supplier pursuant to the Agreement include: (i) the provision and hosting of Supplier’s frontend application in HTML5 for desktop and touch devices, adapted for different screen sizes (e.g. mobile, tablet, desktop), and styling and skinning of such application, in each case to the extent agreed in writing between us and Supplier; (ii) the provision of the Supplier’s standard sportsbook offering from time to time, which as at the date of this Agreement includes: pre-event and live event betting and markets, functionality for bet placement and functionality for providing results and enabling bet settlement; (iii) continuous pricing, event risk management, result settlement and customer risk management; (iv) continuous second line support; and (v) dedicated client account management and client account support The terms of the Agreement call for two lump sum payments, as well as ongoing business fees calculated as a percentage of net gaming revenue that will vary based upon yearly gross gaming revenues commencing with the first live launch.
The above is a summary of the material terms of the Agreement and is qualified in its entirety by reference to the full text of the Agreement, which is attached hereto as Exhibit 10.1, and is incorporated herein by reference. This summary may not contain all of the information about the Agreement that is important to you. We urge you to read the Agreement in its entirety carefully.
Item9.01 Financial Statements and Exhibits
| Exhibit No. | Description |
|---|---|
| 10.1* | Amended & Restated Agreement for the Provision of a Sports Betting Solution dated January 8, 2025 by and between VIP Play, Inc. and Sports Information Services Limited |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
*Certain portions of this exhibit have been omitted pursuant to Regulation S-K Item 601(b)(10)(iv).
| 2 |
| --- |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date:<br> January 8, 2025 | VIP PLAY, INC. | |
|---|---|---|
| By: | /s/ James Mackey | |
| James<br> Mackey, CFO |
| 3 |
| --- |
Exhibit10.1
This contract contains Confidential Information, Trade Secrets and Proprietary Information pursuant to Tennessee, Arizona, West Virginia, New Jersey, Pennsylvania and Michigan Public Records Law applicable in each jurisdiction.
CERTAINIDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVEHARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [****] INDICATES THAT INFORMATION HAS BEEN REDACTED.
| (1) | SPORTS<br> INFORMATION SERVICES LIMITED |
|---|---|
| (2) | VIP<br> PLAY, INC. |
AMENDEDAND RESTATED AGREEMENT
FORTHE PROVISION OF A SPORTS BETTING SOLUTION
DATED8 JANUARY 2025
| 1 |
| --- |
CONTENTS
| Clause | Page | |
|---|---|---|
| 1. | DEFINITIONS<br> AND INTERPRETATION | 3 |
| 2. | THE<br> PROVISION OF THE SERVICE | 10 |
| 3. | EXCLUSIVITY | 12 |
| 4. | INTEGRATION<br> AND LAUNCH OF THE SERVICE | 12 |
| 5. | SUPPLIER<br> OBLIGATIONS | 12 |
| 6. | OPERATION<br> OF THE CLIENT GAMING PLATFORM | 13 |
| 7. | CUSTOMER<br> TERMS AND SPORTS RULES | 13 |
| 8. | DATA<br> AND CONTENT SERVICES | 14 |
| 9. | WARRANTIES | 14 |
| 10. | COMPLIANCE<br> AND CHANGE IN LAW | 15 |
| 11. | FEES | 17 |
| 12. | DATA<br> PROTECTION | 17 |
| 13. | INTELLECTUAL<br> PROPERTY RIGHTS | 20 |
| 14. | LIABILITY | 21 |
| 15. | OPERATIONAL<br> ISSUES | 22 |
| 16. | INDEMNITIES | 23 |
| 17. | TERM<br> AND TERMINATION | 24 |
| 18. | CONSEQUENCES<br> OF TERMINATION | 25 |
| 19. | CONFIDENTIALITY | 25 |
| 20. | AUDIT<br> AND COOPERATION | 26 |
| 21. | SUSPENSION | 27 |
| 22. | ASSIGNMENT | 27 |
| 23. | NON-SOLICITATION | 28 |
| 24. | FORCE<br> MAJEURE | 28 |
| 25. | NOTICE | 29 |
| 26. | DISPUTE<br> RESOLUTION | 29 |
| 27. | GENERAL | 30 |
| Schedule<br> 1 – Commercial Terms | 32 |
|---|---|
| Schedule<br> 2 – Service Terms | 34 |
| Schedule<br> 3 – Additional Services | 36 |
| Schedule<br> 4 – Service Level Agreement | 37 |
| Schedule<br> 5 – New Territory Form | 41 |
| Schedule<br> 6 – New Territory Local Affiliate Form | 43 |
| Schedule<br> 7 – Appendix to Standard Contractual Clauses | 45 |
| 2 |
| --- |
ThisAMENDED AND RESTATED AGREEMENT FOR THE PROVISION OF A SPORTS BETTING SOLUTION (this “Agreement”) is made on the last date of signature of the Parties below (such date being the “Execution Date”)
BETWEEN:
| (1) | SPORTS INFORMATION SERVICES LIMITED, a company registered in Malta under company registration<br> number C 58381, whose registered office is at Avenue 77, A4, Triq in-Negozju, Zone 3, Central<br> Business District, Birkirkara, CBD 3010, Malta (the “Supplier”); and |
|---|---|
| (2) | VIP PLAY, INC., a corporation registered in Nevada under entity registration number E6075522020-4,<br> whose registered office is at 1645 Pine Tree Lane, Suite 2, Sarasota, Florida, 34236, USA<br> (the “Client”), |
each a “Party” and together the “Parties.”
BACKGROUND:
| (A) | The<br> Supplier is a supplier of sports betting solutions to business-to-consumer operators. |
|---|---|
| (B) | The<br> Client wishes to engage the Supplier to provide such a solution for use by the Client on<br> the terms of this Agreement. |
| (C) | The<br> Parties entered into an Agreement for the Provision of a Sports Betting Solution dated 1^st^November 2024 (the “Original Framework Agreement”). |
| (D) | The<br> Parties have agreed to amend and restate the terms of the Original Framework Agreement on<br> the terms set out in this Agreement. The Parties intend for this Agreement to replace and<br> supersede the Original Framework Agreement in its entirety. |
INCONSIDERATION OF the respective rights and obligations of the Parties in this Agreement, the Parties have agreed as follows:
| 1. | DEFINITIONS AND INTERPRETATION |
|---|---|
| 1.1 | In<br> this Agreement, unless the context otherwise requires, the following terms have the following<br> meaning: |
“Action” means an act, event, omission, or circumstance.
“Affiliate” means, with respect to an entity, any entity which directly or indirectly Controls, is Controlled by, or is under common Control with such entity from time to time.
“AgreementPersonal Data” means Personal Data that is Processed pursuant to this Agreement.
“ApplicableLaw” means all applicable laws, orders, regulations, legal requirements, and codes having legal effect (including the applicable codes, regulations, licence conditions, legal requirements, and standards of all Gaming Authorities), in each case in force at the relevant time.
“API” means an application programming interface.
“BespokeManual Bet (PR Bets)” means any Bet Offer created by the Supplier (or its Affiliate) manually at the request of the Client (or its Affiliate) and not otherwise available as part of the standard sportsbook offering that is made available generally to clients of the Supplier (or its Affiliates) (although if more than one client of the Supplier (or its Affiliates) requests the same Bet Offer that is not otherwise part of the standard sportsbook offering, such Bet Offer shall still be considered a Bespoke Manual Bet (PR Bet)).
| 3 |
| --- |
“BetOffer” means any specific betting market made available by the Supplier as part of the Service from time to time.
“BusinessDays” means a day that is not a Saturday, Sunday, or a public or bank holiday in the United States.
“BusinessFee” means the fee described in paragraphs 1.1 and 1.2 of Schedule 1.
“Changeof Law” means the coming into effect of a new Applicable Law or a change to Applicable Law or the interpretation or enforcement by the relevant authorities of such Applicable Law (in whole or in part) after the Execution Date.
“ClientAssets” means all of the Client’s and/or its Affiliates’ name, trademarks, branding, designs, design elements, logos, marks, user interface, other brand elements or features, content, data, and/or materials for use on or in relation with the Client Gaming Platform made available by or on behalf of the Client and/or its Affiliates from time to time.
“ClientContractor” means (i) any Third Party engaged by the Client and/or its Affiliates from time to time (a) to supply, maintain, and/or operate (in whole or in part) the Client Gaming Platform; and/or (b) in connection with the use of the Service pursuant to this Agreement (including any Market Access Partner); and/or (ii) any sub-contractor of the Client and/or its Affiliates from time to time.
“ClientGaming Platform” means the software platform used by the Client and/or its Affiliates, over which gaming and betting transactions with Customers are conducted, including back-office software, player account management (PAM) software, geo-location software and/or services, e-wallet software and/or services, websites and mobile applications, any underlying operating software, mobile platforms, or other means of remote communication.
“ClientIndemnified Party” means the Client, its Affiliates and each of their respective officers, directors, and employees.
“CompetentAuthority” means any court of competent jurisdiction, or any other authority that performs a related or similar function (including any Supervisory Authority) but excluding any Gaming Authority.
“ConfidentialInformation” means all knowledge, information, documents, and/or materials of a Party and/or its Affiliates which is disclosed or otherwise comes into the possession of the other Party and/or its Affiliates, whether before, on or after the Execution Date, which is of a confidential nature, including the Fees, the terms of this Agreement, and the technology used by the Supplier and/or its Affiliates. Performance Data and work product of the Supplier and/or its Affiliates (including the Supplier’s and/or its Affiliates’ assessment and categorisation of a Customer’s risk profile) shall be the confidential information of the Supplier.
“ContractYear” means the period of twelve (12) calendar months starting on the Effective Date and each successive period of twelve (12) calendar months.
**“Control”**means to directly or indirectly, (i) control more than fifty percent (50%) of the voting rights in an entity; (ii) control the right to directly or indirectly appoint or remove more than fifty percent (50%) of the board of directors of an entity; and/or (iii) control more than fifty percent (50%) of the share capital or ownership interest in an entity and “Controls” and **“Controlled”**shall be construed accordingly.
| 4 |
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**“Customer”**means an individual who is a registered user of the Client Gaming Platform for the purpose of placing bets on sports betting markets that are supported by the Service from time to time.
“CustomerFunds” means all monies received from, held on behalf of, credited, or paid-out to a Customer.
“CustomerRisk Management” means the monitoring and management of risk exposure by the Supplier in respect of any specific Customer(s), which may include the partial acceptance of bets and/or the refusal to accept a particular bet due to the Supplier’s and/or its Affiliates’ assessment of the Customer’s risk profile, and the management of suspicious bets.
“CustomerRisk Management Data” means the data collected by the Supplier and/or provided by the Client to the Supplier in connection with Customer Risk Management, which includes any Customer’s username, age, gender, city, first part of post code, currency, language, country of residence, IP address, last method of deposit and adequacy of account balance to place each bet and bet history.
“CustomerTerms” means the terms under which the Customers access and use the Client Gaming Platform, as amended by Client from time to time.
[****]
“Dataand Content Provider” means any entity engaged by the Supplier and/or its Affiliates to provide Data and Content Services from time to time in connection with the Service. Betgenius, Sportradar, and Stats Perform are examples of prospective Data and Content Providers.
“Dataand Content Services” means the supply of data, content, functionality, and/or tools (including in respect of the data, content and tools described in paragraphs 2 and 3 of Schedule 1) and any replacement, addition, or substitution thereto from time to time (and any IPR in each of the foregoing) which is based on or comprising data, content, functionality, and/or tools from a Third Party, which the Supplier then makes available to the Client, its Affiliates, and/or any Client Contractors in connection with the Service.
“DataProtection Laws” means all Applicable Laws relating to the Processing of Personal Data and/or privacy in effect in any relevant territory from time to time; including GDPR, the Privacy and Electronic Communications (EC Directive) Regulations 2003, the Federal Trade Commission Act (15 U.S. Code sec. 41 et seq.), and all Applicable Laws which replace such legislation, and all applicable laws and regulations relating to Processing of Personal Data and/or privacy, including where applicable the guidance and codes of practice issued by the relevant Competent Authorities;
Any reference in this Agreement to “Data Controller, “Data Processor”, “Data Subjects”, “Personal Data”, “Process”, “Processed”, “Processing” and “Supervisory Authority” shall have the meaning set out in, and will be interpreted in accordance with Data Protection Laws.
“DataSecurity Incident” means
| a) | breach<br> of security involving Agreement Personal Data; or |
|---|---|
| b) | a<br> discovery or reasonable suspicion that there is a vulnerability in any technological measure<br> used to protect any Agreement Personal Data that has previously been subject to a breach<br> within the scope of paragraph (a), which may result in exploitation or exposure of that Agreement<br> Personal Data; or |
| c) | any<br> defect or vulnerability with the potential to impact the ongoing resilience, security and/or<br> integrity of systems Processing Agreement Personal Data. |
| 5 |
| --- |
[****]
“Downtime” has the meaning set out in Schedule 4.
“EffectiveDate” means the Execution Date.
**“eSports”**means an organized, multiplayer video game competition, particularly between professional players, individually or as teams. For the avoidance of doubt, the Supplier shall only make available to the Client its standard eSports offering and the Client shall be required to agree further terms with the Supplier or its Affiliates to purchase any advanced eSports products.
“ExcusableCause” has the meaning set out in Schedule 4.
“Fees” means the fees (including the Business Fee) and other costs payable to the Supplier pursuant to this Agreement, including those specified in Schedule 1.
“ForceMajeure Event” means any act, event, or omission beyond the reasonable control of a Party, including war, riot, fire, flood, storm, epidemic, pandemic and telecommunications malfunction or unavailability.
“FreeBet” means a bet that is placed by a Customer using the Service via the Client Gaming Platform, using virtual money tokens granted through the Supplier’s promotional tools.
“FreeTo Play” means a limited sports betting service which enables the placement of bets by end customers using virtual money only, credits end customers’ accounts with winnings using virtual money tokens only, and does not allow for any real money withdrawals by end customers.
“GamingApproval” means any and all approvals, authorisations, gaming licences, transactional waivers, permits, consents, findings of suitability, registrations, clearances, and exemptions of or from a Gaming Authority.
“GamingAuthority” means any governmental, regulatory, and/or administrative authority, agency, commission, board and/or body that has jurisdiction over (or is responsible for or involved in the regulation of) the gambling activities of either Party and/or any of its Affiliates from time to time.
“GamingTax” means the amount paid of any statutory, state, or federal tax imposed on Client or any of its Affiliates in respect of any betting activity by Customers using the Service via the Client Gaming Platform in the relevant period. This excludes: (i) any gaming licence fees or costs payable in connection with any Gaming Approval; and (ii) any integrity fees payable to any sport’s or eSport’s governing body.
“GDPR” means the European General Data Protection Regulation (Regulation (EU) 2016/679).
“GoodIndustry Practice” means, in relation to any activity or requirement relevant to this Agreement, exercising the diligence, skill, prudence, foresight, and judgement which would be reasonably and ordinarily expected from an experienced party engaged in the same type of activity under similar circumstances.
“GrossGaming Revenue” or “GGR” means total Stakes in respect of bets that are settled during the relevant period minus total Payouts that are settled in such period.
“In-PlayEvent” means live events on which a Customer is able to place a bet.
“Incentives” means the following promotional incentives: [****].
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“Incident” shall mean an unplanned interruption to an information technology service that forms part of the Service or reduction in the quality of an information technology service that forms part of the Service (which shall include Software Errors). Incidents may be categorised by various priority levels in Schedule 4.
“InitialPeriod” means a period commencing on the Effective Date and ending five (5) years after the first Live Launch.
“InsolvencyEvent” means the following with respect to a Party (as appropriate): (a) either: (i) filing of a voluntary petition in bankruptcy (which is not subsequently withdrawn within a period of seven (7) days); (ii) any provisional liquidator, administrator, liquidator, receiver, compulsory manager or administrative receiver is appointed over any of its assets; or (iv) any steps are taken in relation to any resolution passed or order made for its winding up, dissolution, administration, voluntary liquidation or declaring a moratorium; (v) it has a freezing order made against it; or, (vi) it becomes subject to any other similar insolvency process; or (b) it is unable to pay its debts as and when they fall due within the meaning of section 123 of the Insolvency Act 1986 or under the laws of any applicable jurisdiction; (c) it is subject to any procedure for the taking control of its goods that is not withdrawn or discharged within **[****]**days of that procedure being commenced; or (d) it is subject to any events or circumstances analogous to those in paragraphs (a) to (c) in any jurisdiction.
“IPR” means all intellectual property rights, including patents (pending or granted), rights to inventions, moral rights, know-how, registered designs, copyrights and related rights, rights in computer software, database rights, design rights, trademarks, service marks, and domain names (in all cases whether or not the right is registered, and including applications and the right to apply for registration of any such rights) and all rights and forms of protection of a similar nature or having similar effect to any of these which may subsist anywhere in the world, in each case for their full term, together with any extensions or renewals.
“LiveLaunch” means, in respect of a country, state, province or other territory that forms part of the Territory, the first day when the Service is made available to a Customer in such country, state, province, or other territory by or on behalf of the Client and/or any of its Affiliates.
“LocalAffiliates” means the Affiliates of each Party that, alongside the Parties, enter into a New Territory Local Affiliate Form in accordance with the process set out in Clause 2.9.
“Losses” means losses, damages, liabilities, settlements, judgments, costs (including reasonable legal fees), and expenses.
“MandatedOperational Issue Payment” means, in respect of an Operational Issue, an amount which the Client is required by a relevant Gaming Authority or under Applicable Law to pay to the relevant Customer as a direct consequence of that Operational Issue.
“MarketAccess Partner” means any entity which Client has partnered with to acquire market access in a country, state, province, or other territory of the Territory, and Client is permitted to provide the Service through, pursuant to Clause 2.4.
“MinimumGuarantee” has the meaning set out in paragraph 1 of Schedule 1.
“NetGaming Revenue” or “NGR” shall mean GGR minus [****].
“NewTerritory” means any new country, state, province, or other territory which is added to the Territory by the Parties in accordance with Clause 2.9 from time to time.
“NewTerritory Form” means the form set out in Schedule 5 that the Parties shall use to document the addition of a New Territory, other than where a New Territory Local Affiliate Form is required by the Supplier.
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“NewTerritory Local Affiliate Form” means the form set out in Schedule 6 that the Parties shall use to document the addition of a New Territory where the Supplier requires the Local Affiliates to be signatories to that addendum under Clause 2.9.
[****]
“OperationalIssue” means any error in relation to the prices, odds, results, translations, lines, naming markets or selections or other data in the system of the Supplier, only to the extent caused by an act or omission of the Supplier and/or its Affiliates or by a Software Error.
“Payouts” means any amounts paid out on bets placed using the Service excluding any additional enhanced winnings paid out on Payout Deviations and Premiums (as defined in Clause 14.2), [****].
[****]
“PerformanceData” means any and all aggregate and irreversibly anonymized data relating to the access or use of the Service by or on behalf of the Client and/or any of its Affiliates, or any Customer, including any aggregate and irreversibly anonymized performance, analytics or statistical data, that the Supplier and/or any of its Affiliates may collect from time to time.
“Pre-MatchEvent” means all Bet Offers on which a Customer is able to place a bet using the Service via the Client Gaming Platform prior to the relevant event taking place.
“RestrictedTerritories” means [****].
“RestrictedTransfer” means a transfer of Agreement Personal Data to a Third Country.
“RetailTerminal” means a terminal owned and/or operated by the Client on which the Supplier’s software program is installed enabling the Supplier to provide the Retail Sportsbook to Customers via their use of such terminal.
“SalesTaxes” means: (i) the sales tax and use Tax applicable in the United States of America; and (ii) analogous product, services and/or sales taxes in other jurisdictions.
“Service” means the services described in paragraph 1 of Schedule 2.
“ServiceLevel Agreement” or “SLA” means the document set out at Schedule 4.
“SoftwareError” has the meaning given to it in Clause 5.2.
“SportsRules” means the specific rules provided by the Supplier to the Client from time to time regarding the creation and settlement of bets in relation to sporting events and competitions.
“Stakes” means any amount placed on a bet [****].
“StandardContractual Clauses” means the European Union (“EU”) standard contractual Clauses established by the EU for the transfer of Personal Data to third countries under Data Protection Laws, specifically the terms relating to Module One – Controller to Controller transfers, as amended/updated or replaced from time to time.
“SupplierIndemnified Party” means the Supplier, its Affiliates and each of their respective officers, directors, and employees.
[****]
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“Tax” or “Taxes” means all forms of taxation (including Gaming Tax), duties, levies, rates, contributions and imposts, and all penalties, charges, fines, and interest included in or related to any tax assessment.
“Term” means the period from the Effective Date to the Termination Date.
“TerminationDate” means the date of termination or expiry of this Agreement in accordance with its terms.
“Territory” means Tennessee, West Virginia, Arizona, New Jersey, Pennsylvania, Michigan, and any New Territories, but in each case excluding any Restricted Territories from time to time.
“ThirdCountry” means any country outside of the EU or EEA which is not considered adequate in accordance with Article 45 of the GDPR.
“ThirdParty” means any person that is not the Client, the Supplier or one of their respective Affiliates.
“ThirdParty Claim” means any claim, allegation or proceeding made or initiated by a Third Party against a Party excluding claims or demands by Customers for winnings or other payouts resulting from Operational Issues or Software Errors (to the extent the Software Error does not give rise to claims, demands or compensation in connection with Operational Issues).
“Virus” means computer viruses and/or malicious attacks (including denial of service attacks, malware, ransomware, intentional hacking, damaging or corruption, or the insertion of malicious or harmful code, including trojans, worms, and time bombs).
“UnsupportedTerritory” means a country, state, province or other territory or part thereof where the Supplier declines to include as part of the Territory in accordance with the terms of Clause 2.9.
| 1.2 | In<br> this Agreement, unless otherwise specified: |
|---|---|
| 1.2.1 | words<br> in the singular include the plural and vice versa; |
| --- | --- |
| 1.2.2 | any<br> reference to a Party includes the Party’s representatives, successors, or permitted<br> assignees; |
| 1.2.3 | any<br> words that follow “include”, “including”, “for example”<br> or “in particular” or any similar words and expressions shall be construed as<br> illustrative only and shall not limit the sense of any word, phrase, term, definition or<br> description preceding those words; |
| 1.2.4 | a<br> reference to a statute or statutory provision includes that statute or statutory provision<br> as amended, updated, modified, or replaced (before, on or after the Execution Date); |
| 1.2.5 | references<br> to Clauses are to the Clauses of the main body of this Agreement, references to Schedules<br> and Appendices are to the Schedules and Appendices of this Agreement, and references to paragraphs<br> are to paragraphs of the relevant Schedule; |
| 1.2.6 | references<br> to a “person” include any individual, body corporate, association, partnership,<br> firm, trust, organisation, joint venture, government, local or municipal authority, governmental<br> or supra-governmental agency or department, state or agency of state or any other entity<br> (in each case whether or not having separate legal personality); |
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| --- | | 1.2.7 | clause,<br> schedule and paragraph headings shall not affect the interpretation of this Agreement; | | --- | --- | | 1.2.8 | a<br> “calendar month” is a period of time starting on the first day of a month and<br> ending on the last day of that month (for example, 1 January to 31 January). | | 1.3 | The<br> Schedules form part of this Agreement and will have the same force and effect as if set out<br> in the body of this Agreement and any reference to this Agreement will include the Schedules. | | --- | --- | | 2. | THE PROVISION OF THE SERVICE | | --- | --- | | 2.1 | Subject<br> to Clause 4.2, the Supplier hereby agrees to provide (directly or via its Affiliate)<br> the Service to the Client for use by the Client solely through the Client Gaming Platform<br> on a non-transferable, non-sub-licensable (except, subject to Clause 2.4, to its Affiliates)<br> and non-exclusive basis for the Term in respect of the business to consumer sports betting<br> activities that the Client carries out in the Territory. | | 2.2 | The<br> Client shall not resell, sub-contract, disclose, disassemble, decompile (save to the extent<br> such restriction is prohibited by Applicable Law), transfer or route the Service or allow<br> any Third Party to benefit from the Service (in whole or in part) without the Supplier’s<br> prior written consent. This Clause 2.2 shall not prevent a Customer from using the<br> Client Gaming Platform to place bets on betting markets that are supported by the Service. | | 2.3 | The<br> Client is responsible for the choice, publication, and management of all content including<br> names (including all abbreviations, nicknames, alternative names and informal naming) of<br> events, individuals, teams, venues, sponsors, entities and competitions and/or all logos,<br> images, graphics or insignia in respect of the foregoing which are published, distributed,<br> or made available on or via the Client Gaming Platform, including any such content that is<br> made available by the Supplier as a consequence of the Service. The Client shall therefore<br> be responsible for ensuring that there is no infringement of Third Party IPR or any other<br> rights and otherwise shall be responsible for the nature and appropriateness of such content,<br> in the context of its use. The Client therefore agrees that, subject to Clause 14.1, the<br> Supplier shall have no liability to the Client and/or its Affiliates in relation to any of<br> the foregoing. | | 2.4 | Subject<br> to Clause 14.7, the Client may allow its Affiliates (and Market Access Partners in<br> respect of a “skin” for the Client or any of its Affiliates under a Gaming Approval<br> held by such Market Access Partner) to use the Client’s rights pursuant to Clause <br> 2.1 during the Term, provided that the Client: (i) notifies the Supplier in writing of the<br> identity and location of each such Affiliate and/or Market Access Partner at least forty<br> (40) days in advance; (ii) takes any action reasonably requested by the Supplier to enable<br> both the provision of the Service to the relevant Affiliate and/or Market Access Partner<br> and to enable the Supplier to successfully complete any due diligence in respect of such<br> Affiliate and/or Market Access Partner; (iii) procures that the relevant Affiliate and/or<br> Market Access Partner has complied with any requirements imposed by any relevant Gaming Authority;<br> (iv) reimburses the Supplier for any reasonable additional costs incurred by the Supplier<br> stemming from the Affiliates and/or Market Access Partner’s use of the Client’s<br> rights under Clause 2.1 which shall be agreed in writing in advance; (v) obtains the written<br> consent of the Supplier which consent may not be unreasonably, denied, conditioned, or delayed;<br> and (vi) in relation to any Restricted Transfers provides such information as may be necessary<br> for the completion of the documents set out in Schedule 7 in respect of any importing Affiliate<br> and/or Market Access Partner (vii) procures that such Affiliate and/or Market Access Partner<br> complies at all times with the terms of this Agreement as if they were the Client. Without<br> prejudice to the foregoing, the Client shall remain primarily liable for any act or omission<br> of any such Affiliate and/or Market Access Partner. |
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| --- | | 2.5 | The<br> Supplier may revoke any consent given under Clause 2.4 in respect of any Market Access Partner<br> on at least five (5) Business Days’ prior written notice to the Client where: | | --- | --- | | 2.5.1 | the<br> Supplier is entitled to make a claim under Clause 16.3 in relation to the relevant<br> Market Access Partner; | | --- | --- | | 2.5.2 | the<br> Client commits a material breach of this Agreement that is caused in whole or in part by<br> the relevant Market Access Partner, and such breach is irremediable or, where capable of<br> remedy, the Client fails to remedy that breach (including by ensuring that the Market Access<br> Partner has taken the necessary steps to ensure that the breach is remedied) within thirty<br> (30) days of such a material breach occurring; and/or | | 2.5.3 | the<br> relevant Market Access Partner becomes subject to an Insolvency Event. | | 2.6 | [****] | | --- | --- | | 2.7 | If<br> requested by the Client in writing (including email), the Supplier shall make one or more<br> of the Supplier’s APIs available to an Affiliate of the Client and/or a Third Party<br> approved by the Supplier (each an “API User”), [****], provided<br> that the Client shall ensure that each API User: | | 2.7.1 | shall<br> only use the relevant APIs to the extent required for the Client’s and/or its Affiliates’<br> use of the Service in accordance with this Agreement (including Clause 12),<br> and/or for any purpose agreed with the Supplier in writing; | | --- | --- | | 2.7.2 | shall<br> not resell, sub-contract, disclose, disassemble, decompile (save to the extent such restriction<br> is prohibited by Applicable Law), transfer, or route any of the information supplied via<br> the API or allow any Third Party to benefit from any of the information supplied via the<br> API without the Supplier’s prior written consent; | | 2.7.3 | has<br> obtained and maintains all necessary Gaming Approvals required in connection with such use<br> and uses the information supplied via the API in accordance with Applicable Law; and | | 2.7.4 | has<br> entered into an agreement with the Client that includes terms in respect of data protection<br> which are, substantially the same as, and in any case no less onerous than, the terms in<br> relation to data protection and confidentiality set out in this Agreement. |
The Supplier makes no representation or warranty that any API shall be available or suitable for any API User’s intended use and, subject to Clause 14.1, shall have no liability to the Client and/or such API User in respect of such use.
| 2.8 | The<br> Client shall (and shall ensure that each API User shall) cease use of any of the Supplier’s<br> APIs which are no longer required for either (i) the Client’s and Affiliate’s<br> use of the Service; or (ii) for any purpose agreed with the Supplier in writing, during the<br> Term of this Agreement. The Client shall promptly notify the Supplier when an API User’s<br> access to each of the Supplier’s APIs is no longer so required for the Client’s<br> use of the Service and/or for any purpose agreed with the Supplier in writing. |
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| 2.9 | [****]. In addition, the Client may request in writing from time to time to add other states<br> ([****]) or territories to the Territory and the inclusion of such states or territories<br> will be at the Supplier’s sole discretion. Neither Party will have any rights or obligations<br> in relation to the State of Missouri or any other such state or territory unless: |
| 2.9.1 | a<br> New Territory Form has been signed by the Parties in respect of that New Territory; or |
| --- | --- |
| 2.9.2 | a<br> New Territory Local Affiliate Form has been signed by the Parties and the Local Affiliates<br> in respect of that New Territory, where a New Territory Local Affiliate Form is required<br> by the Supplier (it being acknowledged that the Supplier may require such form where a Gaming<br> Authority or Applicable Law, in the opinion of the Supplier, requires the same); and |
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| --- | | 2.9.3 | if<br> a New Territory involves a Restricted Transfer, the Parties agree to enter into such relevant<br> transfer mechanisms as are required to ensure such transfer is made in accordance with Data<br> Protection Laws and Clauses 12 and 2.4, prior to the transfer taking place. | | --- | --- | | 2.10 | The<br> Supplier shall make available to the Client such non-bespoke updates and bug fixes as it<br> generally makes available to its other clients who receive substantially the same services<br> as those provided to the Client under this Agreement in the countries, states, provinces,<br> and other territories of the Territory from time to time. | | --- | --- | | 2.11 | The<br> Client acknowledges that the Supplier is performing due diligence on the Client as at the<br> date of this Agreement. The Client shall take any action reasonably requested to enable the<br> Supplier to successfully complete such due diligence and in no event shall the Supplier be<br> required to provide any Services to the Client prior to the successful conclusion of such<br> due diligence processes. | | 3. | EXCLUSIVITY | | --- | --- | | 3.1 | During<br> the Term, the Client undertakes not to and undertakes to ensure that none of its Affiliates<br> or associated entities, make available to end users, a sportsbook offering which is the same<br> as or similar to any of the sportsbook products provided as part of the Service hereunder<br> (a “Similar Sportsbook Offering”) worldwide**,** either on its or their<br> own account, or through any Third Party. [****]. | | 3.2 | [****] | | 3.3 | [****] | | 4. | INTEGRATION AND LAUNCH OF THE SERVICE | | 4.1 | The<br> Supplier shall, taking into account the Client’s reasonable comments, provide the Client<br> with a plan for the initial integration with the Client Gaming Platform and first Live Launch,<br> which plan shall set out each Party’s obligations in respect of the same. For the avoidance<br> of doubt, any specific dates set out in such plan shall be targets only and shall not be<br> legally binding unless expressly stated to be so. The Supplier may also, at its discretion,<br> provide additional integration and launch plans in respect of any subsequent integrations<br> or launches (for example, in respect of launches in New Territories). Subsequent integrations<br> may be subject to payment of integration fees. The Client shall: | | 4.1.1 | perform<br> its obligations set out in each such plan; and | | --- | --- | | 4.1.2 | provide<br> the Supplier with access to the Client Gaming Platform standard APIs. | | 4.2 | Live<br> Launch will not occur in respect of a certain country, state, province, or other territory<br> of the Territory until: | | --- | --- | | 4.2.1 | the<br> Supplier has confirmed in writing to the Client the successful integration of the Service<br> with the Client Gaming Platform in accordance with such plan; and | | --- | --- | | 4.2.2 | each<br> Party has obtained all required Gaming Approvals in that certain country, state, province,<br> or other territory of the Territory. | | 5. | SUPPLIER OBLIGATIONS | | --- | --- | | 5.1 | After<br> Live Launch in a certain country, state, province, or other territory of the Territory, the<br> Supplier shall provide the Service in accordance with the SLA in relation to the Territory. |
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| --- | | 5.2 | [****] | | --- | --- | | 5.3 | The<br> Client will promptly report the Software Error to the Supplier in writing as soon as the<br> Client becomes aware of the malfunction [****]. | | 6. | OPERATION OF THE CLIENT GAMING PLATFORM | | 6.1 | The<br> Client shall have sole authority and responsibility for managing, at its own cost and on<br> its own account (or, as the case may be, through its use of any Client Contractors), the<br> relationship and communication with Customers and the operation of the Client Gaming Platform.<br> Without prejudice to the generality of the foregoing, the Client shall: | | 6.1.1 | ensure<br> the continuous availability of the Client’s Gaming Platform to Customers; | | --- | --- | | 6.1.2 | handle,<br> manage and account for Customer Funds and related information in a full and secure manner<br> and in accordance with Applicable Law. The Supplier shall at no time hold, manage or be responsible<br> for Customer Funds; | | 6.1.3 | maintain<br> the registrations of the relevant domain names on which sports betting services powered by<br> the Service are made available to Customers from time to time; and | | 6.1.4 | provide<br> first line Customer support and handling of Customer complaints. | | 6.2 | If<br> a bet placed using the Service via the Client Gaming Platform is cancelled, the Supplier<br> will inform the Client through a real-time feed with all relevant data. The Client shall<br> be responsible for communicating with any affected Customers regarding any cancelled bets. | | --- | --- | | 6.3 | The<br> Client shall promptly, upon request, provide (and ensure that any Affiliates and/or Client<br> Contractors provide) the Supplier with such information and assistance as the Supplier shall<br> reasonably require to enable (i) any integration and launch pursuant to Clause 4.1;<br> and (ii) the Supplier to provide the Service and fulfil its obligations under this Agreement.<br> The Client shall reimburse the Supplier in respect of any reasonable costs incurred by the<br> Supplier as a result of any breach of the foregoing. | | 7. | CUSTOMER TERMS AND SPORTS RULES | | 7.1 | The<br> Client shall ensure all Customers actively accept the Customer Terms prior to accessing the<br> Client Gaming Platform. The Client shall ensure that the Customer Terms are valid, enforceable<br> and compliant with Applicable Law. | | 7.2 | The<br> Client shall include in the Customer Terms: | | 7.2.1 | an<br> express prohibition on Customer utilising the Services for any commercial purpose; | | --- | --- | | 7.2.2 | a<br> provision that states that the Supplier is the owner of the IPR in the pricing data made<br> available by the Supplier and that such data should only be used by a Customer for the purpose<br> of placing bets via the Client Gaming Platform; and | | 7.2.3 | such<br> provisions as the Supplier may request in writing to enable the Supplier to meet its obligations<br> to the Data and Content Providers. | | 7.3 | The<br> Client shall ensure that the Customer Terms at all times include and do not conflict with<br> the Sports Rules as those Sports Rules are provided to the Client from time to time (and<br> the Client shall update the Customer Terms to include any updated Sports Rules at the time<br> reasonably stipulated by the Supplier). If the Client breaches this Clause 7.3: (i)<br> the Client shall be solely liable for any resulting Loss relating to Customers and any such<br> Loss will not constitute an Operational Issue; and (ii) subject to Clause 14.1, the<br> Supplier shall have no liability to the Client where such liability is caused wholly or partially<br> by the Client’s breach of this Clause 7.3 The Client shall, upon written request<br> by the Supplier, promptly provide a copy of the Customer Terms to the Supplier. If the Supplier<br> notifies the Client that the Customer Terms conflict with the Sports Rules, the Client shall<br> promptly amend the Customer Terms in accordance with the reasonable request of the Supplier. | | --- | --- |
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| --- | | 7.4 | The<br> Sports Rules shall be provided to Client in English. If requested by the Client, the Supplier<br> shall provide translations of the Sports Rules and all pre-match, live and other offerings<br> in any of the languages supported by the Supplier from time to time, provided always that<br> (subject to Clause 14.1) the Supplier shall not be liable for any claim, problem or<br> issue arising as a result of any such translation being incorrect and any such claim, problem<br> or issue will not constitute an Operational Issue. The Supplier shall use reasonable endeavours<br> to provide such translation as soon as reasonably possible and in any event shall provide<br> such translations within forty-eight (48) hours of such offering being made available to<br> the Client. Without prejudice to the foregoing, the Client shall review the translations<br> provided by the Supplier and request any necessary amendments to any such translation in<br> order to comply with Applicable Law, in which case the Parties shall agree on the amendments<br> required to meet such requirements within a reasonable period. | | --- | --- | | 7.5 | [****] | | 8. | DATA AND CONTENT SERVICES | | 8.1 | The<br> Client undertakes that: | | 8.1.1 | it<br> shall only use the Data and Content Services in respect of its use of the Service in the<br> Territory and not for any other purpose (including for any editorial or media use); and | | --- | --- | | 8.1.2 | it<br> will not supply the Data and Content Services to any person except its Customers for their<br> personal and private use as part of its sports betting service that is powered by the Service). | | 8.2 | In<br> relation to the Supplier’s provision of Data and Content Services, upon notification<br> by the Supplier, the Client shall enter into an addendum to this Agreement and/or a direct<br> contract with any Data and Content Provider (including sports leagues such as the NFL and<br> those Data and Content Providers set out in Schedule 1 to this Agreement), and shall comply<br> with the terms of such addendum or contract (including in respect of the payment of any fees),<br> and/or procure that its Affiliates do each of the same. | | --- | --- | | 8.3 | The<br> Supplier shall notify the Client promptly upon becoming aware of any material adverse change<br> which affects the Supplier’s ability to provide the Data and Content Services in accordance<br> with the terms set out in this Agreement. | | 9. | WARRANTIES | | 9.1 | Each<br> Party warrants and represents to the other Party that: | | 9.1.1 | this<br> Agreement is executed by a duly authorised representative of that Party; | | --- | --- | | 9.1.2 | this<br> Agreement will, when executed by that Party, constitute lawful, valid and binding obligations<br> of it in accordance with its terms; and | | 9.1.3 | the<br> entering into this Agreement by it and the performance of this Agreement will not conflict<br> with, or breach any other agreement to which it is a party. | | 9.2 | The<br> Client warrants and represents that it has disclosed to the Supplier its position regarding<br> all applicable Taxes in relation to its business and the business of its Affiliates and undertakes<br> that it will notify the Supplier immediately if such position regarding applicable Taxes<br> changes. | | --- | --- |
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| --- | | 9.3 | The<br> Supplier shall use reasonable endeavours to ensure that the Supplier’s technology is<br> regularly tested by the Supplier with up to date commercially available detection software<br> for Viruses and cyber attacks [****]. | | --- | --- | | 9.4 | [****] | | 9.5 | Subject<br> to Clause 14.1 and except as expressly stated in this Agreement, all representations,<br> warranties, conditions and other terms whether express or implied by statute, common law<br> or otherwise are hereby excluded to the extent permitted by Applicable Law. | | 10. | COMPLIANCE AND CHANGE IN LAW | | 10.1 | On<br> a Party (the “Notifying Party”) becoming aware of any fact that could<br> or does give rise to a claim or an investigation by a Gaming Authority that the operation<br> of the Client Gaming Platform, a particular product and/or any matter arising out of or in<br> connection with all or any part of the provision and/or use of the Service is contrary to<br> Applicable Law (“Regulatory Claim”), the Notifying Party shall promptly<br> notify the other Party (“Other Party”) in writing of the Regulatory Claim<br> or potential Regulatory Claim together with all relevant facts. Upon receipt of such notice,<br> the Parties shall convene an urgent meeting to determine how to mitigate any Losses which<br> may arise from such Regulatory Claim and how to approach and make representations to such<br> Gaming Authority. Neither Party shall make any admissions or any settlement in respect of<br> any Regulatory Claim or potential Regulatory Claim without prior discussion with the other<br> Party. | | 10.2 | Subject<br> to Clauses 14, 10.3 and 10.4, if a Regulatory Claim is caused by the Supplier and results<br> in a fine being imposed on the Client by a Gaming Authority (“Regulatory Fine”)<br> the Supplier’s liability in contract (including under any indemnity), tort (including<br> negligence), equity or for breach of statutory duty or in any other way to the Client and<br> its Affiliates shall be limited to the amount calculated using the following formula: |
[****]
| 10.3 | [****] |
|---|---|
| 10.4 | [****] |
| 10.5 | [****] |
| 10.6 | Each<br> Party shall be responsible for obtaining the necessary Gaming Approvals to carry out its<br> respective obligations under this Agreement in any Territory. |
| 10.7 | The<br> Client warrants and undertakes to the Supplier that: |
| 10.7.1 | it,<br> and each of its Affiliates, shall maintain throughout the Term all Gaming Approvals necessary<br> to: (i) use the Service and the Data and Content Services in the Territory and/or perform<br> any marketing and promotional activities it carries out in the Territory; and (ii) perform<br> its obligations under this Agreement including marketing and promotional activities it carries<br> out in such Territories; |
| --- | --- |
| 10.7.2 | it<br> shall promptly notify the Supplier in the event of any changes to any Gaming Approval (including<br> any Gaming Approval held by any of its Affiliates) and provide such information and assistance<br> as the Supplier may reasonably request from time to time in connection with the Supplier’s<br> due diligence checks; and |
| 10.7.3 | will<br> promptly keep the Supplier informed of regulatory changes that may affect the Service or<br> any matters relating to the Service and that are communicated or made available to the Client<br> by a Gaming Authority and that are not publicly available. |
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| --- | | 10.8 | The<br> Supplier warrants and undertakes to the Client that: | | --- | --- | | 10.8.1 | it<br> has obtained, and shall maintain throughout the Term, any Gaming Approval necessary to perform<br> its obligations under this Agreement; | | --- | --- | | 10.8.2 | it<br> and each of its Affiliates shall be lawfully entitled to conduct its business in accordance<br> with Applicable Law; and | | 10.8.3 | it<br> shall promptly notify the Client of any changes to any Gaming Approval that could affect<br> the supply of the Service to the Client in the Territory and provide such information and<br> assistance as the Client may reasonably request from time to time in connection with the<br> Client’s due diligence checks. | | 10.9 | Subject<br> always to Clause 14 and 10.5, each Party<br> shall comply and shall ensure that any relevant Affiliate (and each of their respective employees,<br> agents and representatives) comply with all Applicable Law in the performance of its or their<br> duties under this Agreement and/or the provision or use of the Service. | | --- | --- | | 10.10 | Each<br> Party shall, upon written request, provide to the other Party all relevant information and<br> documentation which is required by any Gaming Authority and shall cooperate in good faith<br> with that Party and any Gaming Authority for the successful completion of any regulatory<br> inquiry or due diligence as may be conducted from time to time. | | 10.11 | The<br> Client shall, at all times, comply with (i) responsible gaming standards and applicable codes<br> of conduct; and (ii) all anti-money laundering, client identification, age verification,<br> and geolocation requirements under Applicable Law and shall ensure that appropriate monitoring,<br> reporting, and audit policies and processes are in place. | | 10.12 | If<br> either Party becomes aware of any Change of Law which may impact the legality of the Supplier<br> providing all or any part of the Service to the Client (and/or any relevant Affiliate) or<br> the Client making available all or any part of the Service to Customers through the Client<br> Gaming Platform: | | 10.12.1 | such<br> Party shall promptly provide reasonable evidence of the Change of Law to the other Party<br> and the known or anticipated impact of the Change of Law; and | | --- | --- | | 10.12.2 | the<br> Parties shall discuss in good faith how to proceed in respect of Customers physically present<br> in the affected part of the Territory, including either Party obtaining any required Gaming<br> Approval or preventing Customers physically present in each such affected Territory from<br> accessing sports betting markets that are supported by the Service through the Client Gaming<br> Platform. | | 10.13 | No<br> Party shall be responsible for its failure to perform any obligation under this Agreement<br> to the extent that it arises out of a Change of Law, provided that such Party takes all reasonable<br> steps to mitigate the effects of such Change of Law as soon as reasonably practicable after<br> becoming aware that such a Change of Law is to be made. | | --- | --- | | 10.14 | Notwithstanding<br> any other provision herein, the Supplier shall be entitled to make any changes to the Service<br> which the Supplier considers to be reasonably necessary to avoid breaching Applicable Law<br> and/or any sanction by a Gaming Authority and shall notify the Client of such a change as<br> soon as reasonably practicable. | | 10.15 | Notwithstanding<br> any other provision in this Agreement and without prejudice to Clause 2.1, the Client warrants,<br> represents and undertakes that it shall not, and it shall take reasonable commercial efforts<br> to ensure that none of its Affiliates or Client Contractors will process any wagers on the<br> Client Gaming Platform for any person who is then, at the time of the wager, physically present<br> in one of the Restricted Territories. [****]. |
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| --- | | 11. | FEES | | --- | --- | | 11.1 | Subject<br> to Clause 11.4, the Client shall pay the Fees to the Supplier or (at the Supplier’s<br> option) any of its Affiliates monthly in arrears within thirty (30) days from delivery of<br> an invoice by the Supplier (or any such Affiliates), free of any deductions and withholdings<br> [****], and with such payment to be made to the Supplier’s (or any such Affiliates’)<br> bank account detailed on such invoice. If any deduction or withholding is required by Applicable<br> Law to be made from any such payment, then the Client shall pay to the Supplier or its Affiliate<br> (as applicable) such additional amount as is necessary to ensure that the net amount received<br> and retained by the Supplier or its Affiliate (as applicable), is equal to the amount which<br> they would have received and retained had such payment not been subject to such deduction<br> or withholding. | | 11.2 | All<br> sums payable pursuant to this Agreement are exclusive of Sales Taxes, and any Sales Taxes<br> properly chargeable in respect of such sums shall be paid by the Client to the Supplier or<br> its Affiliates in addition to such sum. | | 11.3 | Each<br> Party shall be responsible for the payment of all applicable Taxes in relation to its and<br> its Affiliates’ business, as well as any regulatory administrative fees (without prejudice<br> to the deduction of Gaming Tax from NGR). | | 11.4 | The<br> Client must notify the Supplier or its Affiliates (as applicable) in writing within [****] days of receipt of an invoice if the Client considers such invoice incorrect or invalid<br> for any reason. | | 11.5 | Should<br> either Party fail or refuse to make any payment due to the other Party by the due date, the<br> amount due shall bear interest at four per cent (4%) per annum over the base rate of Barclays<br> Bank PLC calculated from the date when such amount is due to the date of payment. | | 11.6 | [****] | | 12. | DATA PROTECTION | | 12.1 | The<br> Parties acknowledge and agree that: | | 12.1.1 | the<br> Client and the Supplier will each act as separate Controllers in respect of the Agreement<br> Personal Data; | | --- | --- | | 12.1.2 | they<br> will Process the Agreement Personal Data in accordance with their respective obligations<br> under Data Protection Laws, implementing appropriate technical and organisational measures<br> to ensure an appropriate level of security to protect the Agreement Personal Data; | | 12.1.3 | they<br> will notify the other Party (within three (3) days of receipt) if it receives a complaint<br> or request from a Data Subject or any third party and will promptly cooperate with, and/or<br> assist the other Party with such complaint/request. The Parties acknowledge that while the<br> Supplier Processes Agreement Personal Data, the Agreement Personal Data is pseudonymised.<br> As such, if a Data Subject rights request is received by the Supplier, the Supplier may require<br> further information from the Client in order to respond and the Client shall promptly provide<br> such information on request; | | 12.1.4 | they<br> will promptly cooperate with, and/or assist the other Party in relation to any reasonable<br> request for cooperation and/or assistance and/or the provision of information relating to<br> its Processing of the Agreement Personal Data, including in relation to responses to requests<br> from Data Subjects to exercise their rights under the Data Protection Laws or as may be reasonably<br> necessary in the event of a Data Security Incident; |
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| --- | | 12.1.5 | they<br> will not do anything (whether by act or omission) which would cause the other to breach any<br> of its obligations as a Data Controller under any relevant Data Protection Laws; and | | --- | --- | | 12.1.6 | [****]. | | 12.2 | The<br> Client shall always provide the Supplier’s player privacy notice (as made available<br> on the Supplier’s website from time to time and available as at the Execution Date<br> at https://www.kambi.com/news-insights/fair_player_processi/kambi-player-fair-processing-notice/)<br> to its Customers. If the Supplier changes such player privacy notice, it shall notify the<br> Client. | | --- | --- | | 12.3 | Each<br> Party shall take reasonable steps to ensure the reliability of any of its employees, agents,<br> contractors, directors, or officers (together, “Personnel”) who may have<br> access to Agreement Personal Data, ensuring in each case that access is limited to those<br> Personnel who need access for the purposes of providing the Service. Each Party shall ensure<br> that all of its Personnel: | | 12.3.1 | are<br> informed of the confidential nature of the Agreement Personal Data and of that Party’s<br> obligations under this Agreement in relation to such Agreement Personal Data; | | --- | --- | | 12.3.2 | are<br> subject to confidentiality obligations; | | 12.3.3 | have<br> undertaken appropriate training in relation to Data Protection Laws; and | | 12.3.4 | are<br> subject to appropriate technical and organisational security measures when accessing Agreement<br> Personal Data. | | 12.4 | Each<br> Party shall be responsible for compliance with the Data Protection Laws by each of its Personnel,<br> including for any Data Security Incident caused by any such persons. | | --- | --- | | 12.5 | Following<br> the Termination Date, each Party shall be entitled to retain a copy of the Agreement Personal<br> Data that they are an independent controller of and each Party will be separately liable<br> for that portion of the Agreement Personal Data that they Process as independent Data Controllers. | | 12.6 | The<br> Supplier will set cookies (first party, session, persistent and also cookies controlled by<br> Third Parties) that may be placed in Customer’s device(s) and collect information.<br> It is Client’s responsibility to provide clear and comprehensive information to Customers<br> (in respect of the Supplier’s use of cookies, in compliance with Data Protection Laws.<br> Where the Supplier requires a cookie to be placed on the Client’s website, the Supplier<br> will provide to the Client information to be included within the Client’s cookies information<br> provided to Customers. If the Supplier changes the cookies or information about its cookies,<br> the Supplier will promptly provide updated information to the Client to provide to Customers<br> in accordance with this Clause 12.6. | | 12.7 | Where<br> a Restricted Transfer is being made to a Third Country, such transfer shall be conducted<br> on a Controller-to-Controller basis using the Standard Contractual Clauses which will be<br> incorporated by reference into this Agreement and which shall apply to the Processing as<br> follows: | | 12.7.1 | the<br> Supplier shall be the data exporter and the Client shall be the data importer; | | --- | --- | | 12.7.2 | the<br> Supplier shall be deemed to have entered into the Standard Contractual Clauses in the Supplier’s<br> own name and on behalf of any Affiliates who also act as Controller in relation to such Agreement<br> Personal Data; | | --- | --- |
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| --- | | 12.7.3 | the<br> Client shall be deemed to have entered into the Standard Contractual Clauses in the Client’s<br> own name, where applicable, and has the authority to also be deemed to have entered into<br> the Standard Contractual Clauses on behalf of any Affiliates outside of the EU who also act<br> as Controller in relation to such Agreement Personal Data; | | --- | --- | | 12.7.4 | the<br> provisions of Schedule 7 will be deemed to be set out in the Appendices to the Standard Contractual<br> Clauses; | | 12.7.5 | notwithstanding<br> Clauses 26 and 27.11, the Standard Contractual Clauses shall be governed<br> by the substantive law of [****] and any dispute between the Parties arising out of<br> or in connection with the Standard Contractual Clauses shall be referred to and finally resolved<br> by arbitration under the Expedited Rules of the Arbitration Institute of the Stockholm Chamber<br> of Commerce (the “SCC Rules”), which SCC Rules are deemed to be incorporated<br> by reference into this Clause. The seat or legal place of arbitration shall be [****] and the language to be used in the arbitration shall be English, and the arbitration<br> shall be conducted in complete confidence; and | | 12.7.6 | where<br> and to the extent only that the Standard Contractual Clauses apply, the Standard Contractual<br> Clauses will prevail over any inconsistent or conflicting provisions within this Agreement<br> as they relate to such transfers of Agreement Personal Data. |
JOINTCONTROLLERS
| 12.8 | The<br> Parties acknowledge and agree that they shall be acting as Joint Controllers of the Agreement<br> Personal Data where the Client and the Supplier specifically discuss and agree: |
|---|---|
| 12.8.1 | To<br> place a Customer(s) within a different betting risk profile; |
| --- | --- |
| 12.8.2 | To<br> revise (either up or down) a Customer’s betting limit; |
| 12.8.3 | The<br> specific guidelines and risk parameters for making decisions on the profitability of a given<br> player in light of any specific insight which the Client may have about that Customer. |
| 12.8.4 | the<br> Client’s use of the Supplier’s bonus tool; and/or |
| 12.8.5 | for<br> such other purposes as may be agreed upon in writing between the Supplier and the Client<br> from time to time.. |
| 12.9 | Where<br> the Parties act as Joint Controllers, they agree that: |
| --- | --- |
| 12.9.1 | they<br> will comply with the obligations laid out in Clause 12.1 (except Clause 12.1.1)<br> above; and |
| --- | --- |
| 12.9.2 | in<br> the event that a Data Subject rights request is received, it shall be the responsibility<br> of the Client to respond to such a request given that the Supplier only processes pseudonymised<br> Agreement Customer Data. Accordingly, the Client shall be responsible for responding to any<br> such Data Subject rights request and the Supplier shall cooperate and provide assistance,<br> as required, per the obligation set out above; |
| 12.9.3 | in<br> the event that a Data Security Incident arises, the Party that first becomes aware of the<br> Data Security Incident shall notify the other Party without undue delay, and in any event<br> within 48 hours of becoming aware of the Data Security Incident and the Parties shall cooperate<br> and provide assistance in resolving and/or addressing the Data Security Incident, as set<br> out above. In particular, the parties shall work together to assess the cause of the Data<br> Security Incident and identify appropriate technical and organizational measures to prevent<br> such an incident from happening again; and without impacting on each Party’s own obligation<br> under Data Protection Law, assessing the need to report the Data Security Incidents to any<br> supervisory authority and/or data subjects. |
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| --- | | 13. | INTELLECTUAL PROPERTY RIGHTS | | --- | --- | | 13.1 | The<br> Client acknowledges and agrees that its only right to use the Service is as set out in clause<br> 2 and that all lPRs in or relating to the Service are and will remain the exclusive property<br> of the Supplier and/or its Affiliates or, in the case of IPRs of a Third Party, the relevant<br> Third Party. | | 13.2 | The<br> Client grants to the Supplier and its Affiliates a royalty free, non-exclusive, non-transferable,<br> worldwide right to use, for the Term, the Client’s name and trade mark for the Supplier<br> and its Affiliates’ promotional purposes and as otherwise reasonably required in order<br> to provide the Service. | | 13.3 | Nothing<br> in the relationship between the Parties shall constitute or shall be deemed to constitute<br> an assignment or transfer of any IPR from one Party to the other. | | 13.4 | Subject<br> always to Clauses 2.3 and 13 if a Third Party Claim for infringement or alleged infringement<br> of any IPR in or relating to the Service and/or the Data and Content Services and/or any<br> part of each thereof (or the provision of any of the foregoing by the Supplier to the Client)<br> is made (or in the reasonable opinion of the Supplier is likely to be made), the Supplier<br> may, in its discretion and without prejudice to any of the Client’s rights or remedies<br> in Clause 16: | | 13.4.1 | procure<br> the right for the Client to continue receiving the Service and/or the Data and Content Services<br> (or the relevant part thereof); | | --- | --- | | 13.4.2 | modify<br> or replace the Service and/or the Data and Content Services (or the relevant part thereof); | | 13.4.3 | where<br> the infringement only affects part of the Service and/or the Data and Content Services, suspend<br> or discontinue the affected part of the Service and/or the Data and Content Services; or | | 13.4.4 | terminate<br> this Agreement in whole or (where in the reasonable opinion of the Supplier it is feasible<br> to do so) in relation to the specific Territory(ies) to which the infringement or alleged<br> infringement relates, with immediate effect on written notice to the Client without any further<br> liability of the Supplier to the Client and/or its Affiliates in relation to such termination. |
The Client shall promptly notify the Supplier in writing of any such claim, demand, action or any relevant allegation of which it becomes aware from time to time.
| 13.5 | The<br> Supplier shall have no obligation under clause 16.2.1 below, to the extent that the relevant<br> Third Party Claim is based upon or arises out of the Client’s use of the Service otherwise<br> than in accordance with the terms and conditions of this Agreement. |
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| 13.6 | In<br> any of the circumstances described in this clause 13 the Client shall be solely responsible<br> for managing communications with Customers and disclosure of information in relation to the<br> infringement. The Client shall not identify the Supplier in any such communication or disclosure. |
| 13.7 | If<br> the Supplier’s use of any assets to which IPRs attach which have been granted to it<br> by the Client under this Agreement is held by a Competent Authority to constitute an infringement<br> or, in the reasonable opinion of the Supplier is likely to be held to constitute an infringement,<br> of a Third Party’s IPRs, the Supplier may, remove such assets from the Service until<br> such time as the Client is able to demonstrate to the Supplier’s satisfaction that<br> the use of the assets to which the IPRs pertain no longer constitutes an infringement. Where<br> reasonably possible the Supplier will notify the Client of such removal. |
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| --- | | 13.8 | The<br> remedies in clauses 13.4, 13.7, and 16.2 shall be each Party’s sole remedy in respect<br> of a Third Party Claim for infringement of IPR. | | --- | --- | | 13.9 | The<br> Client acknowledges and accepts that the Supplier owns all rights (including all lPRs) in<br> the odds created from the process of setting the odds, based on probability (known as odds<br> compiling). | | 13.10 | In<br> the event that the Supplier wishes to enforce its IPRs in the odds against any Third Party,<br> the Client agrees to provide all reasonable assistance (at the Supplier’s expense)<br> with such enforcement. | | 14. | LIABILITY | | 14.1 | Nothing<br> in this Agreement shall limit or exclude either Party’s (and/or its Affiliates) liability<br> for: (i) death or personal injury resulting from its negligence; (ii) its fraud or fraudulent<br> misrepresentation; (iii) any liability to the extent that it cannot be excluded or limited<br> by Applicable Law; (v) in respect of the Client only, its obligation to pay the Fees,<br> any Taxes (including Sales Taxes), and any interest (pursuant to Clause 11.5**)**. | | 14.2 | Subject<br> to this clause 14, neither Party nor its Affiliates shall be liable to the other Party or<br> its Affiliates for: | | 14.2.1 | any<br> loss suffered by the Client to the extent caused by an Excusable Cause; | | --- | --- | | 14.2.2 | any<br> loss caused by a Force Majeure Event; | | 14.2.3 | any<br> loss of profits, turnover, data, business opportunities, anticipated savings, loss of goodwill,<br> loss of business or loss of reputation (in each case whether direct or indirect); or | | 14.2.4 | any<br> indirect, special, incidental, punitive or consequential losses or damage. | | 14.3 | Unless<br> otherwise expressly stated in this Agreement, subject to Clauses 14.1 and <br> 14.4 and without prejudice to Clause 14.2, the total aggregate liability of<br> each Party and its Affiliates which arises from Actions which occur in any one Contract Year,<br> whether in contract (including any indemnity), tort (including negligence), equity or for<br> breach of statutory duty or in any other way howsoever arising out of or in connection with<br> this Agreement and/or all or any part of the Service shall not exceed the greater of: (i)<br> [****]; and (ii) [****], subject always to each Party’s and its Affiliates’<br> total aggregate liability arising out of or in connection with this Agreement and/or all<br> or any part of the Service for the Term and thereafter being limited to [****]. | | --- | --- | | 14.4 | There<br> shall be no limitation or exclusion of liability under Clauses 14.2 or 14.3<br> in relation to: [****]. | | 14.5 | The<br> Supplier (and its Affiliates): | | 14.5.1 | shall<br> not have any liability (in contract, tort (including negligence), in relation to Data and<br> Content Services (including in respect of any IPRs in the Data and Content Services from<br> time to time; | | --- | --- | | 14.5.2 | does<br> not give any warranties, undertakings, or representations in respect of any Data and Content<br> Services (including in respect of any IPR in or relating to the Data and Content Services<br> from time to time); | | 14.5.3 | shall<br> not have any liability (in contract (including any claim under Clauses 10.1, 10.2, 10.3,<br> 10.4, 10.5, 10.6 and/or 15), tort (including negligence), equity or for breach of a statutory<br> duty or in any other way) out of or in connection with any Bespoke Manual Bet (PR Bet). |
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| --- | | 14.6 | To<br> the extent a Data and Content Provider materially breaches its agreement with the Supplier<br> in respect of that Data and Content Provider’s Data and Content Services and the Client<br> suffers a loss as a result of such breach (and notifies the Supplier in writing within thirty<br> (30) days of such occurrence), then the Supplier shall pass on to the Client any amount recovered<br> (if any) by the Supplier in relation to such breach, provided that any such amount shall<br> first be equitably pro-rated by the Supplier (using its reasonable discretion) amongst the<br> Client, the Supplier (and its Affiliates) and the Supplier’s (and its Affiliates’)<br> other customers impacted by such breach. | | --- | --- | | 14.7 | Any<br> breach of the Client’s obligations under this Agreement that is caused in whole or<br> in part by the act or omission of a Client Contractor or an Affiliate of the Client will<br> be deemed to be the act or omission of the Client and the Supplier and its Affiliates shall<br> not be in breach of any of its obligations under this Agreement where such breach is caused<br> in whole or in part by an act or omission of a Client Contractor, an API User or an Affiliate<br> of the Client. | | 14.8 | Without<br> limiting either Party’s liability under this Agreement, during the Term each Party<br> shall maintain, at its expense, appropriate insurance in respect of this Agreement. [****]. | | 15. | OPERATIONAL ISSUES | | 15.1 | Both<br> Parties accept that Operational Issues do occur from time to time, however the Supplier shall<br> use commercially reasonable measures to minimise Operational Issues. The Parties shall cooperate<br> in good faith to ensure a prompt detection of Operational Issues and the Client shall promptly<br> undertake all reasonable action in order to cooperate with and support the measures that<br> the Supplier shall implement to limit and/or manage the associated risks. | | 15.2 | Operational<br> Issues shall be resolved via standard practice system functionality such as voiding, resettlement.<br> Unless required otherwise by Applicable Law in which the Parties shall comply with such requirement<br> of Applicable Law or relevant Gaming Authority, if an Operational Issue cannot be resolved<br> in by voiding, resettlement or other standard practice system functionality, the Parties<br> shall jointly decide whether to either: [****]. | | 15.3 | [****] | | 15.4 | [****] | | 15.5 | [****] | | 15.6 | [****] | | 15.7 | Subject<br> to Clause 14.1, the Supplier shall not be liable for any compensation or payment which<br> the Client unilaterally decides to pay to a Customer [****]. | | 15.8 | To<br> the extent that an Operational Issue is caused by any errors arising (whether directly, indirectly,<br> partly or solely) from an act or omission of the Client, its Affiliates, a Client Contractor<br> and/or a Data and Content Provider and/or any error in the Data and Content Services then<br> the Supplier shall have no liability to the Client for that Operational Issue. | | 15.9 | The<br> remedies set out in Clause 15.2 and Clauses 15.3 and 15.4 are, subject<br> to Clause 14.1, the Client’s sole and exclusive remedy with regard to the Supplier’s<br> liability in respect of Clause 15.1 and for any Operational Issues. | | 15.10 | Any<br> Losses and other claims, amounts, costs and liability of the Supplier arising out of or in<br> connection with this Clause 15 will be subject to and count towards the limitations<br> of liability in Clause 14.3. |
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| --- | | 16. | INDEMNITIES | | --- | --- | | 16.1 | The<br> Client shall indemnify, defend and hold harmless each Supplier Indemnified Party from and<br> against all Losses arising out of or in connection with: | | 16.1.1 | any<br> breach by the Client and/or its Affiliates of Clauses 2.2, 2.3 and/or 8; | | --- | --- | | 16.1.2 | any<br> breach of Clause 10.15 (Restricted Territories). | | 16.2 | Subject<br> to Clauses 14.2, 14.3, 14.5 and 14.7 and the Indemnified Party’s<br> compliance with Clause 16.4: | | --- | --- | | 16.2.1 | the<br> Supplier shall indemnify, defend and hold harmless each Client Indemnified Party from and<br> against any and all Losses that arise out of or in connection with any Third Party Claim<br> brought against or suffered by the Client, solely to the extent that such Third Party Claim<br> arises out of or in connection with the Supplier’s provision of the Service infringing<br> the IPR of any Third Party (but at all times excluding where the Client is responsible for<br> Bet Offers and content under this Agreement, including pursuant to Clause 2.3); and | | --- | --- | | 16.2.2 | the<br> Client shall indemnify, defend and hold harmless each Supplier Indemnified Party from and<br> against any and all Losses that arise out of or in connection with any Third Party Claim<br> brought against or suffered by the Supplier, solely to the extent that such Third Party Claim<br> arises out of or in connection with the Supplier’s use of any Client Assets infringing<br> the IPR of any Third Party. | | 16.3 | The<br> Client shall indemnify, defend and hold harmless each Supplier Indemnified Party against<br> any and all Losses arising out of or in connection with any claims, allegations or proceedings<br> made or initiated by a Market Access Partner or its Affiliates or associated entities against<br> the Supplier. | | --- | --- | | 16.4 | If<br> a Party, (the “Indemnified Party”) becomes aware of a Third Party Claim<br> (or any matter that might give rise to a Third Party Claim) to which Clause 16.2 applies: | | 16.4.1 | it<br> will immediately give written notice to the Party which has given the relevant indemnity<br> (in such capacity, the “Indemnifying Party”) stating in reasonable detail<br> the nature of such Third Party Claim or matter and, if practicable, the amount claimed and<br> shall consult with the Indemnifying Party in respect of such Third Party Claim or matter; | | --- | --- | | 16.4.2 | the<br> Indemnified Party will not settle or compromise or make any admission of liability, agreement<br> or compromise in relation to such Third Party Claim or matter without the prior written consent<br> of the Indemnifying Party; | | 16.4.3 | the<br> Indemnified Party will at all times promptly disclose in writing to the Indemnifying Party<br> all information and documents relating to such Third Party Claim or matter; | | 16.4.4 | the<br> Indemnified Party will take all such actions as the Indemnifying Party may request to dispute,<br> resist, defend, appeal, settle, compromise, remedy or mitigate such Third Party Claim or<br> matter, including using professional advisers nominated by the Indemnifying Party (with all<br> reasonable professional costs properly incurred by the Indemnified Party as a result of such<br> a request to be borne by the Indemnifying Party); | | 16.4.5 | if<br> so requested by the Indemnifying Party, the Indemnified Party will allow the Indemnifying<br> Party exclusive conduct of all proceedings in relation to the Third Party Claim in the name<br> of and on behalf of the Indemnified Party, at the cost of the Indemnifying Party; and |
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| --- | | 16.4.6 | if<br> the Indemnifying Party takes conduct of a Third Party Claim then the Indemnifying Party will<br> give reasonable information on a reasonably regular basis to the Indemnified Party as to<br> the progress of that Third Party Claim. | | --- | --- | | 16.5 | The<br> Indemnifying Party shall not settle any Third Party Claim that requires the Indemnified Party<br> to pay un-indemnified amounts or limits its rights without the Indemnified Party’s<br> prior written consent, which shall not be unreasonably withheld, conditioned or delayed. | | --- | --- | | 16.6 | [****] | | 17. | TERM AND TERMINATION | | 17.1 | This<br> Agreement shall commence on the Effective Date and shall continue for the duration of the<br> Initial Period. For the avoidance of doubt, after the expiration of the Initial Period, this<br> Agreement shall continue in a rolling basis until it is terminated pursuant to its terms. | | 17.2 | Either<br> Party may terminate this Agreement upon the provision of at least one hundred and eighty<br> (180) days’ prior written notice to the other Party, provided that such termination<br> shall not be effective before the expiry of the Initial Period. [****]. | | 17.3 | Without<br> prejudice to any other right or remedy available to it, this Agreement may be terminated<br> immediately by either Party (the “Non-Defaulting Party”) by written notice<br> to the other Party (the “Defaulting Party”) where: | | 17.3.1 | the<br> Defaulting Party commits a material breach of this Agreement, which is either irremediable<br> or, where capable of remedy, is not remedied within thirty (30) days starting on the date<br> of receipt of a written notice from the Non-Defaulting Party specifying the breach and requiring<br> it to be remedied. Breach by the Client of Clause 10.15 shall be considered a<br> material breach that is not capable of remedy; | | --- | --- | | 17.3.2 | the<br> Defaulting Party fails to pay any invoice issued by the Non-Defaulting Party within ten (10)<br> Business Days of its due date; | | 17.3.3 | the<br> Defaulting Party stops carrying on all or a significant part of its business, or indicates<br> in any way that it intends to do so; | | 17.3.4 | the<br> Defaulting Party is subject to an Insolvency Event; | | 17.3.5 | the<br> Defaulting Party is prevented from the performance of substantially all of its obligations<br> for a continuous period in excess of [****] Business Days due to a Force Majeure Event; | | 17.3.6 | the<br> Defaulting Party ceases to be able to carry on all or a material part of its business activities<br> as a result of a withdrawal of any Gaming Approval that is required for the provision or<br> use of the Service in the Territory under this Agreement; | | 17.3.7 | the<br> Non-Defaulting Party is notified in writing by any Gaming Authority that there is a reasonable<br> likelihood that the Non-Defaulting Party may lose a Gaming Approval due to an act or omission<br> of the Defaulting Party, and the Defaulting Party fails to remedy such act or omission to<br> the reasonable satisfaction of both the Non-Defaulting Party and the relevant Gaming Authority<br> within twenty (20) Business Days from the date of being called upon in writing to do so (or<br> such shorter period as the relevant Gaming Authority requires); or | | 17.3.8 | the<br> Non-Defaulting Party has suspended this Agreement pursuant to Clause 21 and the matter giving<br> rise to such suspension has not been resolved to the Non-Defaulting Party’s reasonable<br> satisfaction within twenty (20) Business Days of the start of such suspension. |
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| --- | | 17.4 | [****] | | --- | --- | | 18. | CONSEQUENCES OF TERMINATION | | 18.1 | Without<br> prejudice to any obligations or rights which have accrued to either Party at the Termination<br> Date, upon termination of this Agreement for any reason: | | 18.1.1 | all<br> rights granted by one Party to the other Party under this Agreement shall cease and (except<br> to the extent necessary in order to perform its obligations under Clause 18.1.3) each<br> Party shall immediately cease using the IPR and other material owned by the other Party,<br> its Affiliates and/or licensors; | | --- | --- | | 18.1.2 | the<br> Parties shall promptly (and in any case within five (5) Business Days of the Termination<br> Date) pay to each other any sums then due under this Agreement; | | 18.1.3 | the<br> Client shall cease all activities authorised under this Agreement immediately except for<br> a period of up to six (6) months (or longer if required by applicable Gaming Authority) in<br> relation to any open bets placed prior to the Termination Date, which further to good faith<br> discussions between the Parties shall either be settled or voided during such period (and<br> the Supplier shall continue to invoice the Client and the Client shall continue to pay the<br> Fees in respect of the same in accordance with Clause 11); | | 18.1.4 | subject<br> always to Clause 12.4, on request of the other Party, each Party shall (at its election)<br> promptly destroy or return to the other Party any and all of such other Party’s, its<br> Affiliates’ and/or licensors’ materials (including all Confidential Information<br> of such other Party) that are in the possession, custody or control of the first Party, its<br> Affiliates, agents, subcontractors or Client Contractors (as appropriate), except where otherwise<br> required by a Party to comply with their own regulatory compliance obligations. [****];<br> and | | 18.1.5 | the<br> Client shall (and shall procure that each API User shall) cease use of all APIs of the Supplier. | | 18.2 | Upon<br> the partial termination of this Agreement in relation to a portion but not all of the Territory,<br> the country, state, province, or other territory of the Territory that is subject to the<br> termination shall immediately cease to be deemed part of the “Territory” under<br> this Agreement. | | --- | --- | | 18.3 | Save<br> as set out in this Clause 18 the Parties shall have no further obligations or rights<br> under this Agreement after the Termination Date, except that Clauses 1, 10.10,<br> 12, 13.1, 13.10, 14, 10.1, 10.2, 10.3, 10.4, 10.5, 10.6, <br> 16, 19, 20, 22, 23, 25, 26 and 27, and those Clauses the survival<br> of which is necessary for the interpretation or enforcement of this Agreement shall continue<br> to have effect after the end of the Term. | | 19. | CONFIDENTIALITY | | 19.1 | Subject<br> to Clause 19.2, each Party (the “Receiving Party”) undertakes<br> that it will not, at any time during or after the Term, use, divulge or communicate to any<br> person (except to its professional representatives or advisers and any Affiliates, employees,<br> agents, subcontractors or Client Contractors who need to access such information for the<br> performance of the Receiving Party’s obligations under this Agreement and provided<br> that such Party shall procure their compliance with this Clause 19), any trade secrets<br> or Confidential Information of the other Party or its Affiliates (“Disclosing Party”)<br> which may have or may in the future come to its knowledge. |
| 25 |
| --- | | 19.2 | The<br> obligation of confidentiality contained in Clause 19.1 shall not apply to Confidential<br> Information solely to the extent that such Confidential Information: | | --- | --- | | 19.2.1 | at<br> the time of its disclosure by the Disclosing Party is already in the public domain, or subsequently<br> enters the public domain, other than by breach of this Agreement by the Receiving Party.<br> The foregoing shall not apply to any work product of the Supplier or Performance Data; | | --- | --- | | 19.2.2 | is<br> at any time acquired by the Receiving Party from a Third Party having the right to disclose<br> the same to the Receiving Party without breach of obligation owed by that Third Party to<br> the Disclosing Party; | | --- | --- | | 19.2.3 | is<br> required to be disclosed by Applicable Law, stock exchange rules or order of a Gaming Authority<br> or Competent Authority, provided that any such disclosure is strictly limited to that which<br> is so required and prior to such disclosure the Receiving Party shall, wherever possible<br> and permitted by Applicable Law, advise the Disclosing Party of the proposed form of the<br> disclosure; or | | --- | --- | | 19.2.4 | is<br> independently developed by the Receiving Party without reference to the Confidential Information<br> of the Disclosing Party. | | --- | --- | | 19.3 | Without<br> prejudice to any other rights or remedies that the Disclosing Party may have, the Receiving<br> Party acknowledges and agrees that the Disclosing Party shall, without proof of special damage,<br> be entitled to an injunction, specific performance or other equitable relief for any threatened<br> or actual breach of the provisions of this Clause 19, in addition to any damages or other<br> remedy to which it may be entitled. | | --- | --- | | 20. | AUDIT AND COOPERATION | | --- | --- |
| 20.1 | Each<br> Party shall (and shall procure that its Affiliates shall), during the Term (and for at least<br> three (3) years thereafter), maintain information, documents and records relating to the<br> performance of and compliance with this Agreement, including all books of account kept in<br> accordance with applicable accounting principles in force at the relevant time showing in<br> detail the GGR, NGR, Stakes and Payouts (the “Records”). |
|---|---|
| 20.2 | Each<br> Party shall ensure that any recognised firm of auditors appointed by the Supplier have, upon<br> reasonable but at least forty-eight (48) hours prior notice prior notice, and not more than<br> once in any twelve (12) month period, (provided that the Supplier may carry out additional<br> Audits in any twelve (12) month period where: (i) required by any Gaming Authority or in<br> order to comply with Applicable Law; or (ii) where the Supplier has reasonable grounds to<br> suspect that the Client has committed a material breach of this Agreement, or has committed<br> fraud, or a fraudulent misrepresentation) reasonable access to the Client’s principal<br> place of business to inspect and/or audit the Records (with the right to take reasonable<br> copies) for the purpose of verifying compliance with this Agreement (an “Audit”)<br> during the Term and for three (3) years thereafter, provided that the Auditing Party shall<br> ensure that all information, systems, documents and other materials accessed, inspected,<br> audited or used in relation to any Audit (including any copies of the same) shall be treated<br> as Confidential Information of the Audited Party. |
| --- | --- |
| 20.3 | If<br> any Audit reveals a material breach of this Agreement by the Client, the Client (including,<br> an underpayment of Fees of 5% or more by the Client), shall reimburse the Supplier for the<br> costs of such Audit, provided that the Supplier submits to the Client reasonable evidence<br> of such material breach. In respect of any underpayments (whether greater than 5% or not)<br> by the Client revealed in any Audit, the Client shall make an appropriate correcting payment<br> (as well as interest pursuant to Clause 11.5)<br> to the Supplier within thirty (30) days of receipt of an invoice in respect of the same. |
| --- | --- |
| 20.4 | If<br> the Client or any of its Affiliates creates a sports betting solution to replace the Service<br> (or any part thereof) for use after the Termination Date, the Supplier will have the right,<br> during the Term and for three (3) years after the Termination Date, to require that a Third<br> Party specialist performs a technical audit of such sports betting solution, in order to<br> verify that such sports betting solution does not infringe the IPR of the Supplier and/or<br> any Supplier Affiliate. The Client shall provide all reasonable support, information, cooperation,<br> and access to such sports betting solution to facilitate such an audit. |
| --- | --- |
| 26 |
| --- | | 20.5 | Each<br> Party shall, upon written request, provide to the other Party all relevant information and<br> documentation which is required by any Gaming Authority and shall cooperate in good faith<br> with that Party for successful completion of any inquiry or due diligence as may be conducted<br> from time to time. | | --- | --- | | 20.6 | Subject<br> to clause 20.3, an Auditing Party shall be responsible for all costs howsoever arising in<br> relation to both Parties in connection with such relevant Audit. | | --- | --- | | 20.7 | Any<br> Records or materials reviewed during an audit shall be deemed Confidential Information. | | --- | --- | | 21. | SUSPENSION | | --- | --- | | 21.1 | Without<br> prejudice to its other rights under this Agreement, the Supplier may suspend the provision<br> of the Service (in whole or in part, including in respect of any part of the Territory) and<br> any associated obligations and responsibilities under this Agreement if: | | --- | --- | | 21.1.1 | the<br> Supplier receives an opinion from independent counsel which provides that in the opinion<br> of such counsel, the Client (and/or any of its Affiliates) is in breach of Clauses 10.7.1,<br> 10.7.2 and/or 10.9 and/or the supply (and/or the Client’s and/or any of its Affiliate’s<br> use) of the Service (or any part thereof) may be considered illegal or entail any type of<br> civil or criminal liability to the Supplier and/or any of its Affiliates (and/or may expose<br> any of them to regulatory enforcement, including suspension or revocation of any Gaming Approval),<br> provided that such counsel is licensed to practise law in the part(s) of the Territory which<br> is impacted or is licensed in the jurisdiction of such Gaming Approval. If the Client disputes<br> the grounds for such suspension, either Party may submit the issue to binding arbitration<br> pursuant to Clause 26.1 and the suspension shall continue until the issue is resolved<br> by the arbitrator; | | --- | --- | | 21.1.2 | either<br> Party receives: (i) an order or notice by a Gaming Authority to cease the supply and/or use<br> of the Service (or any part thereof); and/or (ii) an indication from a Gaming Authority that<br> the Client and/or the Supplier (and/or any of their respective Affiliates and/or any Market<br> Access Partner) may be in breach of Applicable Law in respect of the supply and/or use of<br> the Service (or any part thereof) and/or may be subject to regulatory enforcement (including<br> suspension or revocation of a Gaming Approval) in respect of such supply and/or use. The<br> suspension mentioned in this Clause shall continue until such Gaming Authority has revoked<br> such order or notice or retracted such indication; | | --- | --- | | 21.1.3 | the<br> Client (and/or any of its Affiliates) is unable to make use of the Service in all or any<br> part of the Territory under this Agreement as a result of a withdrawal of any Gaming Approval;<br> or | | --- | --- | | 21.1.4 | the<br> Client has not paid any invoice [****] by its due date and such payment remains outstanding<br> following 14 days’ written notice from the Supplier to remedy such non-payment. | | --- | --- | | 21.2 | Both<br> Parties agree to cooperate in good faith with each other as necessary to implement any suspension<br> pursuant to Clause 21.1. | | --- | --- | | 22. | ASSIGNMENT | | --- | --- |
| 22.1 | This<br> Agreement will be binding upon the Parties hereto and will inure to the benefit of each Party’s<br> successors and permitted assigns. |
|---|---|
| 22.2 | Unless<br> agreed otherwise in writing and subject to Clause 22.4, neither Party shall assign any of<br> its rights or obligations under this Agreement, without the prior written consent of the<br> other Party (such consent not to be unreasonably withheld, conditioned, or delayed). |
| --- | --- |
| 27 |
| --- | | 22.3 | Any<br> purported assignment or other transfer of rights and obligations that is prohibited under<br> this Agreement shall be deemed null and void. | | --- | --- | | 22.4 | Either<br> Party may assign its rights and/or obligations to an Affiliate subject to such Affiliate<br> successfully satisfying any reasonable due diligence process and requirements of the other<br> Party and complying with this Agreement. Without prejudice to the foregoing, the assigning<br> Party shall remain primarily liable for any act or omission of any such Affiliate. | | --- | --- | | 23. | NON-SOLICITATION | | --- | --- |
| 23.1 | The<br> Parties acknowledge and agree that the provision of the Service to the Client by the Supplier<br> is reliant on the Supplier’s and/or its Affiliates’ employees and individual<br> contractors, and the Supplier has legitimate interests in protecting its employees and individual<br> contractors from being solicited for employment or direct service provision by the Client<br> and/or its Affiliates. |
|---|---|
| 23.2 | Therefore,<br> the Parties agree that, for the duration of the period: (i) from the Effective Date to the<br> Termination Date; and (ii) for one (1) year following the Termination Date, neither Party<br> shall, and shall ensure that its Affiliates and its subcontractors do not, without the prior<br> written consent of the other Party, in [****]: |
| --- | --- |
| 23.2.1 | solicit<br> or offer employment to, or |
| --- | --- |
| 23.2.2 | accept<br> services from, |
| --- | --- |
an employee or individual contractor of the other Party and/or any of its Affiliates who has:
| (a) | in<br> the case of an employee or individual contractor of the Supplier and/or any of its Affiliates,<br> either: |
|---|---|
| (i) | performed<br> duties that are directly related to the provision of the Service to the Client; or |
| --- | --- |
| (ii) | is<br> or has been a member of the Supplier’s software development team, |
| --- | --- |
in both cases in the two (2) years prior to the Client seeking to either solicit or offer employment to or accept services from such employee or individual contractor; or
| (b) | in<br> the case of an employee or individual contractor of the Client and/or any of its Affiliates,<br> been involved in the award and subsequent performance of this Agreement or is a member of<br> the Client’s software development team. |
|---|
Notwithstanding the foregoing, neither Party shall be prohibited from employing or accepting services from employees or individual contractors of the other Party and/or any of its Affiliates who respond to a general advertisement to the public.
| 24. | FORCE MAJEURE |
|---|
| 24.1 | A<br> Party shall not be deemed to be in breach of this Agreement, otherwise be liable to the other<br> Party or its Affiliates, by reason of any delay in performance, or non-performance, of any<br> of its obligations hereunder (save for obligations relating to payment of any sums due) to<br> the extent that such delay or non-performance is due to a Force Majeure Event and the time<br> for performance of that obligation shall be extended by the duration of the Force Majeure<br> Event and a reasonable period thereafter. |
|---|
| 24.2 | [****] |
|---|
| 28 |
| --- |
| 25. | NOTICE |
|---|
| 25.1 | Any<br> notice, consent, request, demand, approval, waiver, or other communication to be given or<br> made under or in connection with this Agreement (each a “Notice”) must<br> be in the English language, legible and in writing and be signed by, or on behalf of, the<br> Party giving it. |
|---|---|
| 25.2 | A<br> Notice must be served by one of the following methods (and all references to time are to<br> the local time at the place of deemed receipt): |
| --- | --- |
| 25.2.1 | by<br> hand to the relevant address set out in Clause 25.4 and shall be deemed to have been<br> served upon delivery if delivered before 17:00 on a Business Day at the delivery location,<br> or at the start of the next Business Day if delivered at any other time; or |
| --- | --- |
| 25.2.2 | by<br> sending a PDF version of the Notice to the email address set out in Clause 25.4 and<br> shall be deemed served at noon on the Business Day after the email was sent, provided that<br> in proving service, it shall be sufficient to produce a computer printout indicating that<br> the message was sent to the recipient’s email address. Where the Notice is given for<br> breach, termination or a claim under indemnity, a copy of the Notice must also be delivered<br> by hand. |
| --- | --- |
| 25.3 | This<br> Clause does not apply to a notice given in legal proceedings, arbitration, or other dispute<br> resolution proceedings. |
| --- | --- |
| 25.4 | Each<br> Party’s addresses for service are as follows (or such other address(es) as a Party<br> may notify to the other Party in writing from time to time by not less than five (5) Business<br> Days’ notice): |
| --- | --- |
| Client | Supplier |
| --- | --- |
| Name:<br> [****] | Name:<br> [****] |
| Address:<br> 1645 Pine Tree Lane, Suite 2, Sarasota, Florida, 34236, USA | Address:<br> Third Floor, One Queen Caroline Street, London, W6 9HQ |
| Email:<br> [****] | Email:<br> [****] |
| 26. | DISPUTE RESOLUTION |
|---|
| 26.1 | The<br> Parties shall attempt in good faith to negotiate a settlement to any dispute between them<br> arising out of or in connection with this Agreement (the “Dispute”) within<br> fifteen (15) Business Days of either Party notifying the other of the Dispute in writing<br> and such efforts shall involve the escalation of the Dispute to a senior manager or director<br> (or equivalent) of each Party. If the Dispute cannot be resolved by the Parties pursuant<br> to this Clause the Parties may refer such Dispute to arbitration pursuant to Clause <br> 26.2 below. The obligations of the Parties under this Agreement shall not cease, be suspended,<br> or delayed by the reference of a Dispute to arbitration and each Party, its subcontractors<br> and their officers, employees and agents shall comply fully with this Agreement at all times. |
|---|---|
| 26.2 | Following<br> escalation in accordance with Clause 26.1, any unresolved Dispute shall be referred<br> to and finally resolved by arbitration under the American Arbitration Association Rules (the<br> “Rules”), which Rules are deemed to be incorporated by reference into<br> this Clause. The number of arbitrators will be one. The seat or legal place of arbitration<br> shall be Delaware, USA and the language to be used in the arbitration shall be English, and<br> the arbitration shall be conducted in complete confidence, subject to the exceptions described<br> in Clause 19.2 and subject to the ability to disclose to advisors. |
| --- | --- |
| 26.3 | Any<br> disputes regarding the arbitration process as described in Clause 26 will be subject to the<br> law of the State of Delaware. |
| --- | --- |
| 29 |
| --- |
| 26.4 | The<br> Parties agree for the purpose of the enforcement of any arbitral award issued hereunder to<br> submit to the jurisdiction of any court in any jurisdiction in which such Party has assets,<br> and for such purpose waive any defence of absence of jurisdiction in any such court for such<br> purpose. |
|---|
| 26.5 | Nothing<br> in this Clause 26 shall prevent either Party from seeking from any Competent Authority an<br> interim order restraining the other Party from doing any act or compelling the other Party<br> to do any act. |
|---|
| 27. | GENERAL |
|---|
| 27.1 | This<br> Agreement may be executed in any number of counterparts, each of which will constitute an<br> original, but which will together constitute one agreement. Any counterpart may be executed<br> and delivered by pdf or other electronic format, and any such counterpart shall be deemed<br> enforceable to the same extent as an original. |
|---|---|
| 27.2 | No<br> announcement, communication or other public disclosure concerning this Agreement or any of<br> the matters contained in it shall be made by, or on behalf of, a Party without the prior<br> written approval of the other Party (such approval not to be unreasonably withheld, conditioned<br> or delayed), except as permitted in accordance with this Clause 27.2 and/or Clause<br> 19.2.3 and/or as envisaged by Clause 13.2. For the avoidance of doubt, to the extent permitted<br> by Applicable Law, the Client shall not disclose the terms of this Agreement in public filings<br> without the prior written approval (such approval not to be unreasonably withheld, conditioned<br> or delayed) of the Supplier concerning the redaction of content which the Supplier considers<br> commercially sensitive or prejudicial to its business interests. Where such announcement,<br> communication or disclosure is subject to approval, after it has been so approved either<br> Party may publish the same on any and all channels as such Party considers reasonably appropriate.<br> Other than where Applicable Law requires otherwise, the Client shall be solely responsible<br> for managing communications with Customers and the Client shall not identify the Supplier<br> in any such communication or disclosure (other than where that has been agreed in writing<br> in advance by the Supplier). |
| --- | --- |
| 27.3 | Nothing<br> in this Agreement and no action taken by the Parties in connection with it will create a<br> partnership or joint venture between the Parties or give either Party authority to act as<br> the agent of or in the name of or on behalf of the other Party or to bind the other Party<br> or to hold itself out as being entitled to do so. |
| --- | --- |
| 27.4 | A<br> delay in exercising or failure to exercise a right or remedy under or in connection with<br> this Agreement will not constitute a waiver of, or prevent or restrict future exercise of,<br> that or any other right or remedy, nor will the single or partial exercise of a right or<br> remedy prevent or restrict the further exercise of that or any other right or remedy. |
| --- | --- |
| 27.5 | A<br> waiver of any right, remedy, breach, or default will only be valid if it is in writing, and<br> only in the circumstances and for the purpose for which the waiver was given and will not<br> constitute a waiver of any other right, remedy, breach, or default. |
| --- | --- |
| 27.6 | As<br> of the execution Date, this Agreement amends, replaces, and supersedes the Original Framework<br> Agreement in its entirety. This Agreement constitutes the entire agreement between the Parties<br> and supersedes and replaces any prior agreement or arrangement in respect of its subject<br> matter. For the avoidance of doubt, nothing in this Agreement shall affect any claims, rights,<br> actions, or demands that either Party may have against the other for monetary damages, under<br> or in connection with the Original Framework Agreement, arising before the Execution Date.<br> For the avoidance of doubt, subject to Clause 14.1, the reservation of rights in the immediately<br> preceding sentence does not include the right to terminate this Agreement, nor to suspend<br> the Services, due to any acts or omissions prior to the Execution Date. |
| --- | --- |
| 30 |
| --- | | 27.7 | No<br> representation, undertaking or promise shall be taken to have been given or be implied from<br> anything said or written in negotiations, or from any assurance, misrepresentation, representation<br> or statement (whether made by the Supplier or any other person and whether made to Client<br> or any other person) which is not expressly set out in this Agreement. Neither Party shall<br> have any remedy in respect of any untrue statement made by the other upon which that Party<br> relied in entering into this Agreement. Without prejudice to the foregoing, the only remedy<br> available to a Party in respect of a breach of any representation which is incorporated into<br> this Agreement shall be for breach of contract. Nothing in this Clause 27.7 will be<br> interpreted or construed as limiting or excluding the liability of any person for fraud or<br> fraudulent misrepresentation. | | --- | --- | | 27.8 | The<br> only remedy available to either Party for breach of this Agreement shall be for breach of<br> contract. | | --- | --- | | 27.9 | If<br> any term, or part of a term, of this Agreement is found by any court or body or authority<br> of competent jurisdiction to be illegal, unlawful, void or unenforceable, such term will<br> be deemed to be severed from this Agreement and this will not affect the remainder of this<br> Agreement which will continue in full force and effect. In this event, the Client and the<br> Supplier will agree, in accordance with Clause 27.12, a valid and enforceable term<br> to replace the severed term which, to the maximum extent possible, achieves the Parties’<br> original commercial intention and has the same economic effect as the severed term. | | --- | --- | | 27.10 | Other<br> than the Supplier’s Affiliates and the Client’s Affiliates that have been subcontracted<br> rights in accordance with Clause 2.4, a person who is not a Party to this Agreement has no<br> right to enforce such Agreement. The Parties may vary or rescind this Agreement without the<br> consent of their respective Affiliates. | | --- | --- | | 27.11 | Subject<br> to Clause 12.7.5, this Agreement and any non-contractual obligations arising out of or in<br> connection with it will be governed by the law of the State of Delaware. | | --- | --- | | 27.12 | No<br> variation of this Agreement will be valid or effective unless made in writing, referring<br> to this Agreement and duly signed by, or on behalf of, each Party. No variation of this Agreement<br> will be deemed to be a waiver of any right, remedy, breach, or default of this Agreement. | | --- | --- |
| 31 |
| --- |
Schedule 1
CommercialTerms
The Fee shall be calculated as follows:
| 1. | BUSINESS FEE AND MINIMUM GUARANTEE |
|---|
In this Agreement, unless the context otherwise requires:
“MinimumGuarantee” means: [****]
except that, where (i) the first Live Launch occurs part-way through a calendar month, or (ii) the Agreement terminates part-way through a calendar month, the Minimum Guarantee shall be pro-rated accordingly for such calendar month.
| 1.1 | The<br> Business Fee shall be calculated as a percentage of NGR in the relevant calendar month and<br> such percentage shall vary depending on the cumulative amount of GGR generated during the<br> twelve (12) month period commencing either with the first Live Launch or with each anniversary<br> of the first Live Launch, as applicable (“Yearly GGR”), as set out below:<br> [****] |
|---|---|
| 1.2 | The<br> Business Fee does not include any fees, charges, costs, or expenses for Data and Content<br> Services and any such fees, costs, charges or expenses shall be borne by the Client pursuant<br> to paragraphs 2 and 2.3 below. |
| --- | --- |
| 1.3 | [****] |
| --- | --- |
| 1.4 | At<br> the end of each calendar month, commencing with the calendar month in which the first Live<br> Launch occurs, the Supplier shall calculate the Business Fee ([****]) for that calendar<br> month and the Supplier shall invoice the Client for and the Client shall pay the Supplier<br> such Business Fee in accordance with Clause 11. At the end of each calendar quarter, the<br> Supplier’s invoice shall also include the balance of the Minimum Guarantee applicable<br> to that calendar quarter to the extent that the Business Fees in respect of such period do<br> not exceed the Minimum Guarantee for such period. |
| --- | --- |
| 1.5 | [****] |
| --- | --- |
| 1.6 | The<br> Client shall pay the Supplier the sum [****] (the “Up-Front Payment”)<br> payable as follows: (i) [****], which amount was previously paid to Supplier upon<br> the execution of the Original Framework Agreement, and (ii) [****] to be payable 90<br> days after the Execution Date or Live Launch, whichever is earlier. |
| --- | --- |
| 1.7 | [****] |
| --- | --- |
| 2. | CONTENT SERVICES (OPTIONAL) |
| --- | --- |
| 2.1 | The<br> Client shall reimburse the Supplier for the actual costs incurred by the Supplier for the<br> provision of the following optional Data and Content Services, where the Client elects to<br> take such services (confirmation in writing, including email, to the Supplier shall suffice): |
|---|---|
| ● | live<br> scores, statistics, visualisation, and other optional add-ons from Sportradar (or such other<br> Third Party as notified by the Supplier to the Client from time to time); and |
| --- | --- |
| ● | any<br> other optional Data and Content Services notified by the Supplier to the Client from time<br> to time. |
| --- | --- |
| 2.2 | The<br> Client acknowledges that the costs for the optional Data and Content Services referenced<br> in paragraph 2.1 above are subject to change, which is not under the Supplier’s control.<br> In the event of any such change, the Supplier shall notify the Client as soon as reasonably<br> practicable. |
| --- | --- |
| 32 |
| --- | | 2.3 | To<br> the extent that the Supplier makes available a proprietary soccer visualisation service,<br> and if such a service is requested by the Client in writing, the Supplier will provide such<br> service in return for a fee of [****], which shall be included in the invoices submitted<br> under Clause 11. If the Supplier develops a visualisation service in relation to additional<br> sports, the fee for such visualisation service shall be subject to agreement between the<br> Parties. | | --- | --- | | 3. | DATA PACKAGE | | --- | --- |
| 3.1 | The<br> Client shall purchase a package of data and/or content relating to Pre-Match Events and In-Play<br> Events from the Supplier (the “Data Package”). The fees for the Data Package<br> are set out in paragraph 5 of this Schedule 1 (Data Package Fee**),** and those sums shall<br> be included in the invoices submitted under Clause 11. The Supplier will neither make any<br> profit from, nor apply any mark-up to, the costs of data that are charged to the Client in<br> accordance with this Schedule 1. |
|---|---|
| 3.2 | The<br> Supplier reserves the right to select the Data and Content Providers that are used, at its<br> sole discretion. |
| --- | --- |
| 3.3 | The<br> Client acknowledges that: |
| --- | --- |
| ● | the<br> events for which data is provided, as described in the table in paragraph 5 of<br> this Schedule 1, may be subject to change at the Supplier’s sole discretion; |
| --- | --- |
| ● | the<br> Supplier’s Data and Content Service costs may increase over time and the Supplier reserves<br> the right to vary the fees (and/or basis upon which the fees are calculated) of any Data<br> and Content Services affected by such cost increases, or exclude any part of the Service<br> at its sole discretion. The Supplier will inform the Client with reasonable advance notice<br> of any such decision. |
| --- | --- |
| 3.4 | Subject<br> to Clause 14.1, the Supplier will have no liability to provide any part of the Service<br> or for any delay in the provision of any part of the Service which is dependent on Data and<br> Content Services (and may, at its sole discretion, immediately suspend or terminate the provision<br> of the same): |
| --- | --- |
| ● | where<br> the Client does not (i) elect in accordance with paragraph 2.1 to take relevant optional<br> Data and Content Services; (ii) comply with Clause 6.8; (iii) provide the Supplier with reasonable<br> evidence that the Client has complied with the requirements referred to in Clause 6.8; and/or<br> (iv) does not promptly pay the required fees, or states an intention not to pay the required<br> fees, for any relevant Data and Content Services; and/or |
| --- | --- |
| ● | where<br> it is caused by any failure or delay by the Data and Content Providers to provide any data<br> or content. |
| --- | --- |
| 4. | MULTI-BRANDS |
| --- | --- |
Certain Data and Content Providers charge for Data and Content Services on a per brand and/or per territory basis. If the Supplier provides the Service to the Client in respect of multiple brands and/or territories and such provision causes the Supplier to incur additional costs or deductions from such Data and Content Providers, such costs or deductions shall be recharged to the Client and included in the invoices submitted under Clause 11. The Client has the right to reject any such prices provided that rejecting any such prices may mean that the Service (or, at the Supplier’s discretion, part thereof) will not be provided, other than in respect of a single brand and/or territory of the Client.
| 5. | DATA PACKAGE FEE |
|---|
| 5.1 | For<br> the purposes of this paragraph 5, the following definitions shall apply: |
|---|
“LiveNGR” means, in respect of each calendar month, [****]; and
“Pre-MatchNGR” means in respect of each calendar month, [****];
| 5.2 | The<br> fees for the Data and Content Package are set out in the following table: |
|---|
[****]
| 6. | [****] |
|---|
| 33 |
| --- |
schedule 2
ServiceTerms
| 1. | SPORTSBOOK SERVICE |
|---|
| 1.1 | The<br> Service comprises: |
|---|---|
| ◌ | the<br> provision and hosting of the Supplier’s frontend application in HTML5 for desktop and<br> touch devices, adapted for different screen sizes (e.g. mobile, tablet, desktop), and styling<br> and skinning of such application (“Front End”), in each case to the extent<br> agreed in writing (including via email) between the Parties; |
| --- | --- |
| ◌ | the<br> provision of the Supplier’s standard sportsbook offering from time to time, which as<br> at the date of this Agreement includes: |
| --- | --- |
| ■ | Pre-Match<br> and In-Play Event betting and markets (as described in paragraph 2 of this Schedule<br> 2); |
| --- | --- |
| ■ | functionality<br> for bet placement; |
| --- | --- |
| ■ | functionality<br> for providing results and enabling bet settlement, noting that the Supplier will settle Bet<br> Offers in a timely manner after the outcome of an event becomes known to the Supplier; |
| --- | --- |
| ◌ | [****] pricing, Event Risk Management (pursuant to paragraph 3.1of this Schedule 2), result<br> settlement and Customer Risk Management; |
| --- | --- |
| ◌ | second<br> line support [****]; |
| --- | --- |
| ◌ | [****] client account management; and Client account support; and |
| --- | --- |
| ◌ | the<br> additional service(s) (if any) set out in Schedule 3. |
| --- | --- |
| 1.2 | The<br> Service shall not include the provision of retail terminals or parts thereof unless otherwise<br> agreed by the Parties in writing. |
| --- | --- |
| 1.3 | The<br> Supplier may, without liability to the Client or its Affiliates and upon six (6) months’<br> prior written notice (including email) to the Client, replace the Front End for specific<br> device types (e.g. mobile or tablet) or provide such a replacement via an Affiliate of the<br> Supplier, at no extra fee to the Client. |
| --- | --- |
| 2. | BETTING OFFERING CONTENT |
| --- | --- |
| 2.1 | Pre-Match<br> Betting |
|---|
The standard Pre-Match Event betting offering as at the date of this Agreement is specified in Appendix A. Notwithstanding the foregoing, the Supplier may optimise such offering in light of changes to the sporting events calendar from time to time and/or in light of other operational considerations. The standard pre-match betting offering may be varied by the Supplier from time to time.
| 2.2 | In-Play<br> Event Betting |
|---|
The standard In-Play Event betting offering as at the date of this Agreement is specified in Appendix B1 and B2. Notwithstanding the foregoing, the Supplier may optimise such offering in light of changes to the sporting events calendar from time to time and/or in light of other operational considerations. The standard In-Play Event betting offering may be varied by the Supplier from time to time.
| 2.3 | Bespoke<br> Manual Bets (PR Bet) |
|---|
The total maximum number of Bespoke Manual Bets (PR Bet) which the Client may request per week, across the Agreement, is [****].
| 34 |
| --- | | 2.4 | Notwithstanding<br> any other provision herein, Supplier may, at its sole discretion, refrain from offering,<br> or alter the number of Bet Offers, for a particular event, if the Supplier reasonably demonstrates<br> that: (i) an event is considered suspicious (ii) information about an event is uncertain;<br> (iii) the result of an event has no bearing on the outcome of a particular tournament/league<br> (a so-called “dead rubber” event); or (iv) the estimated odds are below 1.01. | | --- | --- | | 2.5 | Without<br> prejudice to Clause 2.3 of this Agreement, the Client may exclude certain Bet Offers<br> or event groups from the Client Gaming Platform. The Client will have access to relevant<br> settings to give effect to any such exclusion. | | --- | --- | | 3. | RISK MANAGEMENT | | --- | --- |
| 3.1 | Event Risk Management |
|---|
Decisions with regard to risk exposure per event group, per event and per Bet Offer may be taken by the Supplier in its sole discretion. Any instance where the total risk per Bet Offer, treating all bets as if they were singles (where multiple bets each leg of the multiple is treated as a single) has exceeded [****] (the “Risk Amount”) shall be notified to the Client for information purposes. The Parties may amend the Risk Amount by agreement in writing.
| 3.2 | Customer Risk Management |
|---|
The categories of Customer Risk Management Data may need to be modified on agreement between the Parties from time to time for the purpose of improving Customer Risk Management. Customer Risk Management Data will be used by the Supplier to conduct Customer Risk Management and to create and enhance Customer risk profiles and from time to time the Supplier may match elements of the Customer Risk Management Data across the Supplier’s platform in order to do so.
Other than the limited Agreement Personal Data provided to the Supplier for the purpose of providing the Service, the Client shall ensure that the Supplier will have no access to any other data that the Client holds on its Customers, and the Client will be the sole party communicating with Customers. In order for the Client to communicate professionally with Customers, the Supplier shall, as soon as reasonably practicable after receipt of the Client’s written request, provide to the Client all relevant information in the Supplier’s possession or control in connection with the Service concerning Customers who are affected by Supplier’s Customer Risk Management decisions.
Notwithstanding any other provision herein, the Supplier may use Performance Data and pseudonymised Agreement Personal Data to enhance its services and service offerings to its clients from time to time.
| 3.3 | Partial Bet Approval |
|---|
Risk Management includes the monitoring and management of risk exposure, including the partial acceptance of bets (“PBA”), the refusal to accept a particular bet due to enhanced customer due diligence and management of suspicious bets.
[****].
| 3.4 | Theoretical Payback |
|---|
The theoretical payback and related parameters to be employed by Supplier for all sports, events and bet types are set forth in Appendix A, provided that the Supplier may make changes to such payback and related parameters at its sole discretion. The Supplier may from time to time provide access to a tool or functionality that enables the Client to adjust theoretical payback for some Bet Offers.
| 3.5 | Risk Monitoring |
|---|
The Client will have access to a book status report via the Supplier’s back office tool where the aggregated risks by Bet Offer can be monitored in real-time.
| 35 |
| --- |
schedule 3
AdditionalServices
| 1. | RETAIL TERMS |
|---|
| 1.1 | The<br> Service shall include the Supplier’s standard retail sportsbook offering, which includes<br> the provision of the software client for self-service Retail Terminals and the software client<br> for over-the-counter Retail Terminals (and the maintenance of such software in accordance<br> with the SLA). |
|---|---|
| 1.2 | All<br> Retail Terminals are the sole responsibility of the Client including: |
| --- | --- |
| ● | the<br> physical maintenance and support of the Retail Terminals and ensuring they remain in good<br> working order; |
| --- | --- |
| ● | the<br> bespoke modifications (if any) in adapting the Service to be compatible with such Retail<br> Terminals, so long as any such modifications are approved by the Supplier in writing in advance<br> of their implementation; and |
| --- | --- |
| ● | monitoring<br> the proper functioning of the Retail Terminals and upon becoming aware of any error or malfunction<br> of any of the Retail Terminals, informing the Supplier as soon as practicable. |
| --- | --- |
| 2. | [****] |
| --- | --- |
| 36 |
| --- |
schedule 4
ServiceLevel Agreement (SLA)
| 1. | DEFINITIONS |
|---|
In this Agreement, unless the context otherwise requires, the following words have the following meanings:
“Downtime” means any time during which the Sportsbook Offering API and/or the Sportsbook Player API is not meeting the response time targets set out in paragraphs 2.1 and 2.2 of this SLA;
“EmergencyMaintenance” means a type of reactive maintenance deployed to prevent an imminent and serious threat or malfunction that can cause a considerable infrastructural or operational impact on the Service;
“ExcusableCause” means any of the following causes:
| (a) | Scheduled<br> Maintenance and/or Emergency Maintenance; |
|---|---|
| (b) | any<br> fault, failure, unavailability, non-responsiveness and/or service degradation in (i) [****];<br> (ii) any equipment, telecommunications systems, hardware or software of the Client, any of<br> its Affiliates and/or any Client Contractors; (iii) any Third Party facilities, software,<br> hardware and/or services used in connecting the Client Gaming Platform to the Supplier’s<br> systems and/or the Service (such as cloud, hosting, datacentre, DNS and/or ISP services);<br> and/or (iv) [****]; |
| --- | --- |
| (c) | improper<br> use of the Service by the Client, any Client Contractor or any of their respective Affiliates<br> or any alteration, modification to, or relocation of any software of the Supplier by anyone<br> other than the Supplier or its authorised representatives; |
| --- | --- |
| (d) | any<br> breach of this Agreement and/or any act or omission (including negligence or wilful misconduct)<br> by the Client, any of its Affiliates or any Client Contractor (including the Supplier complying<br> with a Client’s request to postpone troubleshooting in respect of any Incident or Downtime)<br> which impacts on the Supplier’s ability to provide all or any part of the Service;<br> and/or |
| --- | --- |
| (e) | any<br> [****]. |
| --- | --- |
“MonthlyQuota” means [****];
“ScheduledMaintenance” means maintenance of the Sportsbook Offering API, the Sportsbook Player API and/or any hardware, software, systems and/or data used by or on behalf of the Supplier in connection with the provision of the Service, which is either: (a) carried out by or on behalf of the Supplier within a maintenance window, as informed to the Client in writing at least ten (10) days in advance (or five (5) days in advance if conducted between 04:00 a.m. to 10:00 a.m. on weekdays, CET) provided that the total downtime on account of scheduled maintenance does not exceed the Monthly Quota (whereas any scheduled maintenance exceeding such cap will not be considered Scheduled Maintenance), or (b) requested by the Client or any of its Affiliates for the purposes of enhancing or supplementing the Service. Any maintenance requested by the Client (irrespective of its duration or when it occurs) shall be Scheduled Maintenance;
| 37 |
| --- |
“ServiceAvailability” means the percentage calculated from time to time using the formula A = (T-D) / T where:
“A” means the service availability (expressed as a percentage);
“D” means the total number of minutes of Downtime (excluding Downtime resulting from an Excusable Cause) in the relevant month; and
“T” means the total number of minutes in the relevant month;
“ServiceDay” means a working day in Sweden, excluding public holidays;
“ServiceHours” means 9:00 to 17:00 Central European Time (CET), on weekdays, excluding public holidays; and
“SportsbookClients” means the web, retail (if applicable) and mobile clients for the Supplier’s sportsbook offering.
| 2. | MEASUREMENT OF SERVICE AVAILABILITY AND OTHER METRICS |
|---|
SportsbookOffering API
| 2.1 | This<br> API has a target average response of delivering complete and accurate data within no more<br> than [****] in the relevant month, measured by the Supplier at [****] intervals. |
|---|
SportsbookPlayer API
| 2.2 | There<br> are [****] major API calls that are used to validate and place betting coupons. [****] these API calls have a target average response of delivering complete and accurate data<br> within no more than [****] in the relevant month, measured by the Supplier at [****] intervals. |
|---|---|
| 2.3 | Methodology<br> for measurement of metrics in this SLA shall be determined by the Supplier and measured at<br> the Supplier’s production sites. The Client shall have the right to appoint a Third<br> Party professional auditor to inspect the measurement methods and the collected data upon<br> reasonable request, at the cost of the Client, and upon giving no less than thirty (30) days’<br> notice, provided that: (i) any such inspection does not materially interfere with the Suppliers’<br> normal business; (ii) inspections are limited to no more than [****] per calendar<br> year; and (iii) such auditor signs a confidentiality agreement provided by the Supplier. |
| --- | --- |
| 2.4 | The<br> Supplier shall proactively monitor Service Availability and the functionality of the APIs<br> described in this SLA using its monitoring tools, and shall as soon as practicable notify<br> the Client upon identifying any Downtime. |
| --- | --- |
| 2.5 | The<br> Client shall monitor the proper functioning of the Client Gaming Platform and upon becoming<br> aware of any Incident, whether in the Service or the Client Gaming Platform, shall promptly<br> notify the Supplier. |
| --- | --- |
| 2.6 | The<br> Supplier reserves the right to block any traffic accessing its systems and APIs from time<br> to time that is not directly related to providing the Service for use in accordance with<br> this Agreement. |
| --- | --- |
| 3. | SCHEDULED MAINTENANCE |
| --- | --- |
| 3.1 | The<br> Supplier will use reasonable endeavours to only conduct Scheduled Maintenance during maintenance<br> windows on Mondays, Tuesdays, and Wednesdays. |
|---|---|
| 3.2 | The<br> Client may reasonably request any maintenance window to be rescheduled, by written notice<br> to the Supplier within three (3) days of receiving Supplier’s notice. Such written<br> notice by the Client shall contain justifications for the rescheduling. The Supplier will<br> use reasonable endeavours to accommodate such request, provided that such maintenance window<br> is only applicable to the Client (and not other clients of the Supplier from time to time). |
| --- | --- |
| 3.3 | Any<br> scheduled maintenance that exceeds the Monthly Quota or is performed outside the maintenance<br> windows shall be notified to the Client as soon as practicable after it becomes known to<br> the Supplier. |
| --- | --- |
| 38 |
| --- | | 3.4 | If<br> the time for a maintenance window is exceeded by more than [****], it will be considered<br> an Incident and will not be considered Scheduled Maintenance. | | --- | --- | | 4. | LIQUIDATED DAMAGES FOR FAILURE TO ACHIEVE MINIMUM SERVICE AVAILABILITY LEVEL | | --- | --- |
| 4.1 | In<br> respect of any calendar month in which Service Availability is below [****], a percentage<br> deduction from the Business Fee payable to the Supplier for such calendar month shall be<br> applied by way of liquidated damages as follows: [****]. |
|---|---|
| 4.2 | The<br> Client acknowledges that the liquidated damages set out in this SLA are a genuine pre-estimate<br> of the Loss likely to be suffered by the Client and/or its Affiliates in respect of any failure<br> to meet the requirements in the SLA, and, subject to Clause 14.1, shall be the<br> Client’s (and its Affiliates’) sole and exclusive remedy for any such failure. |
| --- | --- |
| 5. | INCIDENT DEFINITION AND RESPONSE TIMES |
| --- | --- |
[****]
The remedies set out in this Schedule 4 in respect of an Incident shall be the Client’s sole remedy for any Incident, except that, to the extent that an Incident causes an Operational Issue, then Clause 15 shall apply to the treatment of the Operational Issue that was caused by that Incident.
| 6. | INCIDENT REPORTING AND UPDATES |
|---|
| 6.1 | The<br> Supplier shall provide second-line Incident reporting and handling services to the Client<br> (and not, for the avoidance of doubt, to any Customers) on a 24/7 basis as set out below.<br> The Supplier is not responsible for, or liable for any Loss resulting from, an Incident that<br> is the result of an Excusable Cause. |
|---|
Criticaland High Priority Incidents - Incident Reporting
| 6.2 | Critical<br> and High Priority Incidents (as described in paragraph 5 above) detected by the Client shall<br> be reported by the Client to the Supplier’s IT Operations Helpdesk via email (noc@kambi.com)<br> (which may be updated from time to time and notified to the Client) or the Suppliers’<br> Incident management system. |
|---|---|
| 6.3 | Critical<br> and High Priority Incidents detected by the Supplier shall be reported by the Supplier to<br> the Client’s point of contact via telephone or email as soon as reasonably practical. |
| --- | --- |
Mediumand Low Priority Incidents – Incident Reporting
| 6.4 | Medium<br> and Low Priority Incidents (as described in paragraph 5 above) detected by the Client<br> shall be reported by the Client to the Supplier’s incident management system or via<br> email. |
|---|---|
| 6.5 | Medium<br> and Low Priority Incidents detected by the Supplier shall be reported by the Supplier to<br> the Client’s NOC or equivalent via email. |
| --- | --- |
IncidentsUpdates
| 6.6 | The<br> Supplier will provide the Client with status updates as frequently as set out in the table<br> in paragraph 5 above (according to Incident priority) until the Incident has been resolved,<br> unless otherwise agreed between the Parties (including by email). |
|---|---|
| 6.7 | Without<br> limiting the foregoing, the Client may require the Supplier to formulate a remedy plan (for<br> Critical and High Priority Incidents only), in which case the Supplier shall, within a reasonable<br> timescale (having regard to the severity of the Incident), formulate and provide to the Client<br> a remedy plan which shall include: |
| --- | --- |
| ● | the<br> known or suspected causes of the Incident; |
| --- | --- |
| 39 |
| --- | | ● | the<br> remedial actions which the Supplier intends to take in order to restore performance; and | | --- | --- | | ● | a<br> proposed, high level timetable for the completion of such actions if such Incident is ongoing<br> for more than [****]. | | --- | --- | | 6.8 | Incident Resolution Reports | | --- | --- |
| ● | At<br> the request of the Client, the Supplier shall send an Incident report to the Client within<br> [****] Service Days of resolving a Critical or High Priority Incident by providing<br> a fix or workaround. |
|---|---|
| ● | The<br> Client’s point of contact for all communications concerning this SLA shall be its NOC,<br> unless notified otherwise by the Client to the Supplier in writing. |
| --- | --- |
| 7. | Software Errors |
| --- | --- |
Each Party shall use reasonable endeavours to mitigate the impact of any Software Errors, including by taking all reasonable measures to prevent Customers from withdrawing winnings resulting from such Software Error, to the extent it is permitted under Applicable Law. Subject to Clause 14.1, the Supplier shall not be liable for any such withdrawal which could have reasonably been prevented by the Client, any Client Contractor and/or any of their respective Affiliates and the Supplier shall only be liable, subject always to Clause 14, to the extent that Losses are not recovered by the Client in any way. This paragraph 7 shall not apply to the extent that any Software Error gives rise to any Operational Issue, in which case Clause 15 above shall apply.
| 8. | CLIENT RESPONSIBLITIES IN RELATION TO THE SLA |
|---|
| 8.1 | Before<br> reporting an Incident or Downtime to the Supplier’s technical support, the Client shall<br> perform first level problem determination to confirm that the problem experienced by the<br> Client is not connected to the Client Gaming Platform and/or the Client’s, its Affiliates<br> and/or its Client Contractors’ hardware, software, or local area network. |
|---|---|
| 8.2 | When<br> reporting any suspected Incident or Downtime to the Supplier’s technical support, the<br> Client must report: |
| --- | --- |
| ● | when<br> the problem started; |
| --- | --- |
| ● | a<br> description of the symptoms; and |
| --- | --- |
| ● | any<br> other pertinent information related to the problem. |
| --- | --- |
| 8.3 | The<br> Client shall provide all reasonable assistance to cooperate with the Supplier’s personnel<br> during any troubleshooting by or on behalf of the Supplier. |
| --- | --- |
| 8.4 | The<br> Client shall promptly notify the Supplier if the Incident or Downtime is solved, or if the<br> Incident has been located on, or caused by, hardware/software not provided by the Supplier. |
| --- | --- |
| 40 |
| --- |
schedule 5
NewTerritory Form
THISNEW TERRITORY FORM is agreed on the last date of signature of the Parties below
BETWEEN:
| (1) | [KAMBI ENTITY], a company registered in [●] under company registration number [●]<br> whose registered office is at [●] (the “Supplier”); and |
|---|---|
| (2) | [CLIENT PARTY], a company registered in [●] under company number [●] whose registered<br> office is at [●] (the “Client”), |
| --- | --- |
both hereafter referred to as “Parties”, or individually as a “Party”.
BACKGROUND:
Whereas the Supplier and Client entered into an Amended and Restated Agreement for the Provision of a Sports Betting Solution dated [INSERT DATE][, which was amended by [INSERT AMENDMENTS IF ANY],] in relation to the supply of a sports betting solution (the “Agreement”).
In accordance with Clause 27.12 of the Agreement, the Parties agree with effect from [the last date of signature of the Parties below] [or] [insert date] as follows.
| 1. | NEW TERRITORIES: |
|---|
The following [certain countries, states, provinces, or other territories are][country, state, province, or other territory is] added to the definition of Territory:
[INSERT]
| 2. | [OTHER VARIATIONS: |
|---|
[CONSIDER IN EACH NTF WHETHER TO INCLUDE:
For the avoidance of doubt, as of the effective date of this New Territory Form, and irrespective of any provision in the Agreement to the contrary, the exclusivity provisions in Clause 3 of the Agreement shall apply to the Territories listed in Paragraph 1 of this New Territory Form.]
[INSERT ANY OTHER VARIATIONS]]
| 3. | GENERAL: |
|---|
The terms used in this New Territory Form shall have the same meaning as in the Agreement, unless otherwise indicated in this New Territory Form.
Clauses 12 (Data Protection), 19 (Confidentiality), 25 (Notice), 26 (Dispute Resolution), 27 (General) of the Agreement will apply equally to any interpretation of this New Territory Form as if they were repeated here in whole.
| 41 |
| --- |
SIGNATUREPAGE – NEW TERRITORY FORM
SIGNEDBY or on behalf of the Parties.
| Signed<br> by _______________________________ | ) |
|---|---|
| a<br> duly authorised signatory for and on behalf of | ) |
| [KAMBI PARTY]: | ) |
| Date | Signature |
| Signed<br> by _______________________________ | ) |
| a<br> duly authorised signatory for and on behalf of | ) |
| [CLIENT PARTY]: | ) |
| Date | Signature |
| [Foreign company/LLP executing an agreement | |
| [OPTION 1 | |
| Executed<br> by affixing | ) |
| --- | --- |
| the common<br> seal of | ) |
| [NAME OF COMPANY/LLP] | ) |
| in the<br> presence of: | ) |
| Signature<br> of authorised signatory | |
| Signature<br> of authorised signatory | |
| Date] | |
| [OPTION 2 | |
| Signed<br> on behalf of | ) |
| [NAME OF COMPANY/LLP] | ) |
| a [company][LLP]<br> incorporated in | ) |
| [COUNTRY] | ) |
| by [NAME OF OFFICER] | ) |
| [and<br> [NAME OF OFFICER]] | ) |
| being<br> [a person][persons] who, | ) |
| in accordance<br> with the laws of that | ) |
| territory,<br> [is][are] acting under the | ) |
| authority<br> of that [company][LLP] | ) |
| Signature<br> of authorised signatory | |
| Signature<br> of authorised signatory | |
| Date]] |
| 42 |
| --- |
schedule 6
NewTerritory Local Affiliate Form
THISNEW TERRITORY LOCAL AFFILIATE FORM is made BETWEEN:
| (1) | [KAMBI ENTITY], a company registered in [●] under company registration number [●]<br> whose registered office is at [●] (the “Supplier”); |
|---|---|
| (2) | [CLIENT PARTY], a company registered in [●] under company number [●] whose registered<br> office is at [●] (the “Client”); |
| --- | --- |
| (3) | [CLIENT AFFILIATE], a company registered in [●] under company number [●] whose registered<br> office is at [●] (the “Local Client Affiliate”); and |
| --- | --- |
| (4) | [KAMBI AFFILIATE], a company registered in [●] under company registration number [●]<br> whose registered office is at [●] (the “Local Supplier Affiliate”), |
| --- | --- |
hereafter referred to as “Parties,” or individually as a “Party” for the remainder of this New Territory Local Affiliate Form. This New Territory Local Affiliate Form forms part of the Amended and Restated Agreement for the Provision of a Sports Betting Solution dated [INSERT DATE][, which was amended by [INSERT AMENDMENTS IF ANY],] in relation to the supply of a sports betting solution (the “Agreement”) entered into between the Supplier and the Client.
BACKGROUND:
Whereas:
| 1. | The<br> Supplier and Client entered into the Agreement, which sets out: |
|---|---|
| 1.1 | in<br> Clause 2.9, a mechanism for the Parties to add a New Territory to the Agreement and in particular<br> to document the role of the Local Client Affiliate and the Local Supplier Affiliate in respect<br> of a New Territory; and |
| --- | --- |
| 1.2 | in<br> Clause 2.5, the right for an Affiliate of the Client to avail itself of the Service in accordance<br> with the provisions of that Clause 2.5. |
| --- | --- |
| 2. | The<br> Supplier and Client agree to add a New Territory and document the addition of that New Territory<br> in accordance with Clause 2.9 of the Agreement. |
| --- | --- |
In accordance with Clause 27.12 of the Agreement, the Parties agree, with effect from the date of the last signature of the Parties, as follows:
| 1. | New Territories |
|---|
The following [certain countries, states, provinces, or other territories are][country, state, province, or other territory is] added to the definition of Territory:
[INSERT] (“New Territory”)
| 2. | Application of Terms |
|---|
| 2.1 | The<br> terms of the Agreement shall apply to the provision of the Service in the New Territory. |
|---|---|
| 2.2 | This<br> New Territory Local Entity Form shall automatically cease to apply on the date that the Agreement<br> terminates or expires, in whole or in part where any such partial termination or expiry is<br> in relation to the New Territory set out herein, without any further action being required<br> by the Parties. |
| --- | --- |
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| --- | | 3. | Status | | --- | --- |
| 3.1 | This<br> New Territory Local Affiliate Form is supplemental to the Agreement and describes the mechanism<br> under which the Local Client Affiliate is entitled to benefit from the Service and the Local<br> Supplier Affiliate shall provide the Service as a subcontractor of the Supplier. The Local<br> Client Affiliate is availing itself of the Service in accordance with Clause 2.5 of<br> the Agreement and the Local Supplier Affiliate is providing the Service in its capacity as<br> a subcontractor of the Supplier. |
|---|---|
| 3.2 | The<br> execution of this New Territory Local Affiliate Form will not increase the total aggregate<br> liability of the Supplier and its Affiliates, or the total aggregate liability of the Client<br> and its Affiliates under the Agreement. Accordingly, the caps and exclusions of liability<br> under the Agreement will apply to the Agreement and this New Territory Local Affiliate Form<br> in aggregate. All limitations on the liability of the Supplier will continue to operate to<br> limit the liability of the Supplier and the liability of all of its Affiliates (including<br> the Local Supplier Affiliate) under the Agreement and this New Territory Local Affiliate<br> Form, and the exclusions of liability in the Agreement will apply to the Supplier and its<br> Affiliates (including the Local Supplier Affiliate). |
| --- | --- |
| 3.3 | The<br> Client Affiliate has been provided with a copy of the Agreement and without prejudice to<br> Clause 14.7 of the Agreement confirms that it shall observe, perform and be bound by<br> the provisions of the Agreement. |
| --- | --- |
| 3.4 | The<br> Supplier and Client do not intend that any term of the Agreement will be enforceable by the<br> Local Client Affiliate whether under the Contracts (Rights of Third Parties) Act 1999 or<br> otherwise. |
| --- | --- |
| 4. | General |
| --- | --- |
| 4.1 | Capitalised<br> terms used in this New Territory Local Affiliate Form shall have the meaning set out in the<br> Agreement, except as otherwise set out in this New Territory Local Affiliate Form. |
|---|---|
| 4.2 | Clauses<br> 12 (Data Protection), 19 (Confidentiality), 25 (Notice), 26 (Dispute Resolution)<br> and 27 (General) of the Agreement will apply equally to any interpretation of this<br> New Territory Local Affiliate Form as if they were repeated here in whole. |
| --- | --- |
| 4.3 | The<br> provisions in Clause 12 and Schedule 7 of the Agreement, in relation to the signature<br> of the Agreement and the Parties deeming to sign Restricted Transfers, apply effectively<br> to this New Territory Local Affiliate Form. By signing this New Territory Local Affiliate<br> Form this will also constitute deemed signing of the relevant Restricted Transfer agreement. |
| --- | --- |
SIGNEDBY or on behalf of the Parties.
| Signed<br> by ______________________________ | ) |
|---|---|
| a<br> duly authorised signatory for and on behalf of | ) |
| [KAMBI PARTY]: | ) |
| Date | Signature |
| Signed<br> by ______________________________ | ) |
| a<br> duly authorised signatory for and on behalf of | ) |
| [KAMBI AFFILIATE]: | ) |
| Date | Signature |
| Signed<br> by | ) |
| a<br> duly authorised signatory for and on behalf of | ) |
| [CLIENT PARTY]: | ) |
| Date | Signature |
| Signed<br> by | ) |
| a<br> duly authorised signatory for and on behalf of | ) |
| [CLIENT AFFILIATE]: | ) |
| Date | Signature |
| 44 |
| --- |
schedule 7
Appendixto Standard Contractual Clauses
OptionalClause selection in the controller to controller Standard Contractual Clauses:
| 1. | Standard<br> Contractual Clauses, Clause 7 – Docking Clause– included. |
|---|---|
| 2. | Standard<br> Contractual Clauses, Clause 11 – Independent disputes mechanism for data subjects –<br> excluded. |
| --- | --- |
| 3. | Standard<br> Contractual Clauses, Clause 17 – Governing Law – this shall be the law of Ireland<br> (as noted in Clause 11.6.5 of the Agreement). |
| --- | --- |
| 4. | Standard<br> Contractual Clauses, Clause 18(b) – Choice of forum and jurisdiction – this shall<br> be Ireland and the forums as noted in Clause 11.6.5 of the Agreement). |
| --- | --- |
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| --- |
ANNEXI
LISTOF PARTIES
| 1. | Data Exporter |
|---|
For the purpose of this Schedule, the Data Exporter is the Supplier and any relevant Supplier Affiliates, as confirmed by the Supplier from time to time.
| 2. | Data Importer |
|---|
For the purpose of this Schedule, the Data Importer is the Client and any relevant Client Affiliates it has notified to the Supplier under Clause 2.4 of the Agreement.
DESCRIPTIONOF TRANSFER
| 3. | Data Subjects |
|---|
The personal data transferred concern the following categories of data subjects: past, present, prospective and future Customers, and Supplier employees.
| 4. | Categories of Data |
|---|
The personal data transferred concern the following categories of data:
| 4.1 | the<br> Data Importer’s unique player identification number that is used to identify each specific<br> data subject that is a customer of the Data Importer; |
|---|---|
| 4.2 | the<br> Data Exporter’s unique player identification number that is generated for each new<br> player on the Data Exporter’s platform and which is linked to the Data Importer’s<br> unique player identification number; |
| --- | --- |
| 4.3 | the<br> Data Exporter’s device identification or “fingerprint” that is used to<br> identify a particular device or item of terminal equipment from which a player makes use<br> of the Service; |
| --- | --- |
| 4.4 | the<br> IP address from which a player accesses the Data Exporter’s platform to place a bet; |
| --- | --- |
| 4.5 | data<br> concerning particular bets placed on the Data Exporter’s platform including the value<br> of the bet, the nature of the event, the time of the bet and the odds at the time of the<br> bet; |
| --- | --- |
| 4.6 | the<br> risk profile that the Data Exporter generates for particular players on its platform; and |
| --- | --- |
| 4.7 | recommendations<br> generated by the Data Exporter with respect to a player’s credit limit. |
| --- | --- |
| 5. | Sensitive Data |
| --- | --- |
Not applicable.
| 6. | The frequency of the transfer |
|---|
Personal data is transferred on continuous basis.
| 7. | Nature of the processing |
|---|
The nature of the processing is any operation such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction.
| 46 |
| --- | | 8. | Purposes of the transfer(s) | | --- | --- |
The transfer is made for the following purposes:
| 8.1 | Business<br> operations: Management reporting and analysis, accounting, financial reporting, business<br> planning, maintaining records relating to business activities. |
|---|---|
| 8.2 | Risk<br> Management: Undertaking risk management processes and communicating risks and findings to<br> the Data Importer, including: |
| --- | --- |
| (a) | to<br> detect fraud and to manage other risks associated with particular users placing bets with<br> the Data Importer and on the Data Exporter’s platform; |
| --- | --- |
| (b) | to<br> place a player(s) within a different betting risk profile; |
| --- | --- |
| (c) | to<br> revise (either up or down) a player’s betting limit; and |
| --- | --- |
| (d) | the<br> specific guidelines and risk parameters to be used for making decisions on the profitability<br> of a given player in light of any specific insight which the Data Exporter may have about<br> that player. |
| --- | --- |
| 8.3 | Compliance<br> with contractual obligations: Complying with contractual obligations between the Data Importer<br> and the Data Exporter. |
| --- | --- |
| 8.4 | Compliance<br> with data subject rights: Communicating with the Data Importer with respect to the exercise<br> by any data subjects of their rights under applicable data protection laws, which may include<br> subject access requests, rights to object and rights to erase their data. |
| --- | --- |
| 8.5 | Compliance<br> with legal and regulatory requirements: Complying with applicable legal and regulatory requirements;<br> conducting audits; compliance with law enforcement and similar requests in accordance with<br> applicable law; pursuing legal rights and remedies; defending litigation and managing any<br> internal complaints or claims. |
| --- | --- |
| 9. | The period for which the personal data will be retained |
| --- | --- |
Personal data will not be held for longer than is necessary for the purposes described above.
| 10. | Contact points for data protection enquiries: |
|---|
Please refer to the Data Importer’s Player Privacy Notice at such website address as notified to the Data Exporter from time to time.
Please refer to Data Exporter’s player fair processing notice which can be located at the following address: https://www.kambi.com/fair_player_processi/kambi-player-fair-processing-notice/.
COMPETENTSUPERVISORY AUTHORITY
The competent supervisory authority is the Swedish Authority for Privacy Protection (IMY -Integritetsskyddsmyndigheten).
| 47 |
| --- |
ANNEXII
Technicaland Organisational Measures to Ensure the Security of the Agreement Personal Data
| 1. | Technical Measures |
|---|
| 1.1 | The<br> Data Importer holds the privacy and/or security certification(s), report(s) and standards<br> below. |
|---|---|
| 1.2 | In<br> lieu of any standards being adopted, the Data Importer has implemented the technical measures<br> below. |
| --- | --- |
| ● | Data<br> Importer has a comprehensive privacy policy that is compliant with the local law where the<br> Data Importer operates. The policy includes a commitment to limit the collection of Personal<br> Data to the Personal Data disclosed in the policy. The policy also includes a commitment<br> to limit the use and sharing of Personal Data to that what is disclosed in the policy. |
| --- | --- |
| ● | Personal<br> Data is encrypted and access is restricted to authorized personnel only. |
| --- | --- |
| ● | Data<br> Importer routinely (usually at least quarterly) audits its network systems to ensure that<br> Personal Data remains secure. |
| --- | --- |
| ● | Data<br> Importer has written procedures concerning its response to a Data Security Incident. The<br> procedures includes the parameters for notices to affected Data Subjects. |
| --- | --- |
| ● | Data<br> Importer is committed to timely responding to requests from Data Subjects for the deletion<br> of Personal Data. |
| --- | --- |
| ● | Data<br> Importer requires its core vendors to agree to privacy and security standards that are consistent<br> with GDPR requirement. |
| --- | --- |
| ● | Training<br> regarding privacy requirements for personnel that will have access to Personal Data. Training<br> is provided during the onboarding of personnel and then routinely (usually quarterly or annual<br> depending on the system or topic) thereafter. |
| --- | --- |
| 2. | Organisational Measures |
| --- | --- |
| 2.1 | The<br> Data Importer shall adopt adequate internal policies with clear allocation of responsibilities<br> for data transfers, reporting channels and standard operating procedures for cases of formal<br> or informal requests from public authorities to access the data. |
|---|---|
| 2.2 | The<br> Data Importer shall document and record the requests for access received from public authorities<br> and the response provided, alongside the legal reasoning and the actors involved and make<br> these records available to the data exporter. |
| --- | --- |
| 2.3 | If<br> an essentially equivalent level of protection of the Agreement Personal Data to that afforded<br> within the European Economic Area (EEA) cannot be guaranteed in a third country, the Data<br> Importer shall not transfer any Agreement Personal Data to such country, will not cause or<br> permit any onward transfer to such country, and/or will suspend ongoing transfers to such<br> country. |
| --- | --- |
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| --- |
SIGNATUREPAGE – AGREEMENT
SIGNEDBY or on behalf of the Parties on the Execution Date.
| Signed<br> by David Kenyon | ) |
|---|---|
| a<br> duly authorised signatory for and on behalf of | ) |
| SPORTS INFORMATION SERVICES LIMITED: | ) |
| 8<br> January 2025 | /s/<br> David Kenyon |
| Date | Signature |
| Signed<br> by Bruce A. Cassidy | ) |
| a<br> duly authorised signatory for and on behalf of | ) |
| VIP PLAY, INC.: | ) |
| 8<br> January 2025 | /s/<br> Bruce A. Cassidy |
| Date | Signature |
| 49 |
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