Purchase Agreement

Wells Fargo Center Agreement

Last Updated: September 26, 2023

THE UNDERSIGNED ("Licensee"), as a condition to licensing from SPECTRUM ARENA LIMITED PARTNERSHIP, a Pennsylvania limited partnership ("Operator"), the use of a luxury suite (the "Premium Seating") in the "Wells Fargo Center" (hereinafter referred to as the "Facility") for a single event (the "Event"), hereby acknowledges and agrees to be bound by and fully comply with the following terms and conditions of license:

  1. License Fee; Refunds and Cancellation Policy. Licensee hereby acknowledges that the license fee charged for use of the Premium Seating at the Event (the "License Fee") is NOT REFUNDABLE, except in the event that the Event is canceled or rescheduled by the sponsor or promoter thereof, in which event Licensee shall be entitled to receive a full refund upon returning all tickets for the Premium Seating to Operator.
  2. Rules Applicable to Use of Premium Seating. Licensee shall use the Licensee Premium Seating solely for observance of the Event at the Facility. Licensee, its guests and invitees shall fully comply with and be bound by, and license of the Premium Seating is conditioned upon such persons' strict compliance with, (i) all applicable governmental laws, rules, regulations and orders, (ii) such conditions of use as are generally applicable to licensees of Operator's premium seating at the Facility, and (iii) all other rules and regulations as Operator may promulgate from time to time for the use and occupancy of the Facility, including but not limited to rules prohibiting (1) admission to the Facility and the Premium Seating except by presentation of a ticket and (2) bringing outside food or beverage into the Facility or the Premium Seating.
  3. Assignment or Subletting: Resale of Tickets. Licensee shall have no right to assign its right to use the Premium Seating without Operator's prior written consent, which consent may be withheld in Operator's sole discretion. Licensee shall not sell, resell or attempt to sell or resell any tickets issued to Licensee for admission to the Premium Seating in violation of the statutory resale restrictions of the Commonwealth of Pennsylvania (regardless of whether the tickets are resold or offered for resale in another state). Any such sale or resale of tickets shall be deemed a material breach of the terms and conditions of license and shall entitle Operator, among other things, to seize and compel return of tickets and refuse such assignees or purchasers admission to the Facility and the Premium Seating without refund or other compensation. Irrespective of any resale, Licensee shall continue to be bound by the terms and conditions of license, including without limitation the provisions of Articles II and IV hereof.
  4. Liability of Licensee for Loss, Damage, or Injury. Operator shall not be responsible for theft or any other loss, misplacement or other disappearance of any of the property of Licensee or Licensee's guests or invitees from in or around the Premium Seating or the Facility. Licensee shall reimburse Operator for any destruction of or damage to the Premium Seating or any of Operator's property situated in or about the Facility which is caused by any act, negligence, fault or omission of Licensee, its guests or invitees. Licensee shall indemnify, defend and hold harmless Operator, the City of Philadelphia and their respective affiliates from and against any and all claims, damages or liability (including reasonable attorneys' fees) arising out of Licensee's use of the Premium Seating or occasioned within the Premium Seating while licensed by Licensee.