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INDIAN BADMINTON LEAGUE PLAYERS CONSENT AGREEMENT

This Players consent agreement is made on this ---------------------- by and between: BADMINTON ASSOCIATION OF INDIA, an association registered under the Societies Act and affiliated to the Badminton World Federation, Badminton Asia Confederation, and the Indian Olympic Association having its office at BBD U.P. Badminton Academy, Vipin Khand, Gomti Nagar, Lucknow (here in after referred to as BAI which Expression shall unless repugnant to the subject or context its successors and permitted assigns) of the Other Part.

AND _________________ son/daughter of ________________ aged ___, resident of _____________ and Passport No. _________ (here in after referred to as PLAYERS which expression shall unless repugnant to the subject or context include its successors and permitted assigns) of the other Part. BAI and PLAYER hereinafter may be referred to individually as PARTY and collectively as Parties.

WHEREAS: A. BAI have agreed to set up a professional league for badminton championship in India, to be known as Indian Badminton Premier League (IBL) while IBL shall be governed by the BAI, shall have exclusive commercial rights to exploits the IBL property. B. BAI shall appoint franchisees, each of which shall participate in the IBL badminton tournament through its team. The IBL tournament will be held, on an annual basis, on the dates to be decided BAI. C. BAI shall hold an auction of professional badminton players, who desire to participate in such auction, where each IBPL franchises shall have the opportunity to bid for services of the Players to build its team (AUCTION). D. PLAYER has desired to offer himself for the AUCTION and has agreed to sign this consent to form to formally undertake to participate and abide by the results of the AUCTION.

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NOW THERFORE, in consideration of the foregoing and the mutual covenants, premises, provisions and agreements contained herein, the Parties agree as follows: 1. CONSENT AND UNDERTAKING: PLAYER hereby undertakes and affirms that his/her services may be offered to the IBL, Franchises in the AUCTION for participation in the IBL tournament for a period of three years, subject to a base price of US$ _____ as her annual gross remuneration. PLAYER hereby undertakes and affirms that he/she shall accept and be bound by the results of the AUCTION. 2. FORMAT OF AUCTION: The AUCTION is currently scheduled to be held between April third week to fourth week in 2013. However, BAI may reschedule the AUCTION as its sole discretion. The manner, format and procedure of the AUCTION shall be determined by BAI in its sole discretion. PLAYER shall have no right to interfere in or object to the format of the AUCTION. 3. AGREEMENT BETWEEN PLAYERS AND FRANCHISEE: The PLAYER shall sign a formal commercial agreement with IBPL Franchise which places the winning bid on the PLAYERS, within seven days of the completion of the AUCTION. Such Agreement shall be signed in four original counterparts; one each shall be retained by BAI, PLAYER and Franchise. 4. UNSOLD PLAYER: If the PLAYER is offered in the AUCTION but no Franchise places an eligible bid for the PLAYER, the PLAYER shall remain unsold. Such unsold PLAYER shall make no claims against BAI. PLAYER understands and acknowledges that neither BAI are responsible for PLAYERs success or failure in the AUCTION and no guarantee or warranty is offered as to the PLAYER being sold or as to any price that the PLAYER can obtain. 5. DISQUALIFICTION: BAI may withhold the PLAYERs name from the AUCTION or may cancel the sale of the PLAYER at the AUCTION if such PLAYER is found have committed any misconduct or violated any laws, rules or regulations including BAI regulations.

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6. CANCELLATION OF AUCTION: BAI may postpone, reschedule or entirely cancel the AUCTION for any reason, in its sole and unfettered discretion. Neither BAI shall incur any liability towards the PLAYER on account of such postponement, rescheduling or cancellation. 7. CANCELLATION OF FRANCHISE: In case, BAI cancel the appointment of the IBL franchise which has purchased the PLAYERs services in the AUCTION, then PLAYER shall not be entitled to make any claim against BAI. 8. IRREVOCABLE CONSENT AND LIQUIDATED DAMAGES: PLAYER acknowledges and understands that, in consideration of the PLAYERs consent and undertakings recorded herein, BAI will be finalizing the list of players to be put up in the AUCTION and will be offering the PLAYERs services in the AUCTION to the franchisees for building up their respective teams. Should the PLAYER resile from his consent and understandings herein, it can seriously delay and disrupt the finalization of the teams and the conduct of the IBPL tournaments, causing a huge loss to BAI. In view of the above, the player confirms that his/her consent and undertaking recorded herein are irrevocable. PLAYER acknowledges and understands that in the event he/she breaches the terms of this Agreement, he/she shall be liable to pay to BAI, in equal shares, a sum equivalent to three times and base price, as liquidated damages for breaches of the contract. Player acknowledges and understands that the above amount is a reasonable pre- estimate of damages the BAI shall suffer on account of the PLAYER breaching this contract. 9. REPRESENTATION AND WARRANTIES: Each party represents, warrants and covenants to the other party that: a) It has full capacity and authority to enter, execute, deliver and perform this Agreement; b) It has obtained all licenses, clearance, permissions, approvals or consents from third parties including any regulatory or government body as required by Applicable Laws or regulations for the purpose of performing its obligations under this Agreement; c) The execution of this agreement and the performance of its obligations under this Agreement and the implementation of terms and conditions contemplate, hereby do not constitute a breach of any contract, agreement, arrangement or understanding entered into by it with any third party or any intellectual property rights of any third party;

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d) The execution of this agreement and the performance of its obligations under this Agreement and the implementation of terms and conditions contemplates, hereby do not violative of any statute, regulation, rule, order, decree, injunction or any other restriction of any governmental agency or court of law or of any regulatory authority to which it is subject or of any of the provisions of its constitutional documents. 10. CONFIDENTIALITY: PLAYER shall keep confidential and shall not disclose to any third party, the terms of this contract and any information received/obtained from or disclosed by BAI, which is designated as confidential or which from its nature and circumstances surrounding its disclosure can be reasonable inferred to be confidential. 11. INTELLECTUAL PROPERTY: PLAYER agree that any trade-marks, logos, trade names, identifying slogans or other intellectual properties, which are owned by BAI, shall not be used by the PLAYER for any purpose, without the prior written consent of the relevant party, unless otherwise expressly stated herein. 12. INDEMNIFICATION: PLAYER shall indemnify BAI from and against all or any claims, damages, risks, costs, liabilities, arising from any misrepresentation, breach or default committed by the PLAYER. The obligations set out in this clause shall survive the termination or expiry of this Agreement. 13. LIMITATION OF LIABILITY: In no event shall BAI be liable for any direct, indirect, incidental, special, punitive or consequential damages, including loss of profits, whether in an action in contract or breach of warranty, even if BAI has been advised of the possibility of the happening of such damages. 14. RELATIONSHIP: Nothing contained in this Agreement shall constitute or be deemed to constitute a partnership, joint venture, agency or employment between the Parties.

15. FORCE MAJEURE: Neither Party shall be responsible to the other for failure to perform their respective obligations under this Agreement due to causes beyond its control, including but not limited to act of god, fire, strikes, acts of war, riots, act of terrorism or governmental prohibition. If the event of force majeure continues for many than sixty(60) days, either Party may terminate this Agreement by giving thirty (30) days notice to the other Party in writing.

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16. ENTIRE AGREEMENT This agreement including schedule, annexure and appendices, if any, attached hereto, embodies the entire agreement and understanding of the parties and supersedes any and all other prior and contemporaneous agreements and understanding (whether written or oral), invoices, quotations, etc, between the Parties with respect to the subject matter contained herein. 17. AMENDMENT: No variation/ amendment of this agreement shall be binding on any party unless such variation/ amendment is in writing and signed by each party. 18. ASSIGMENT: PLAYER shall not assign or transfer any of PLAYERs rights, benefits or interest in this Agreement without the prior written approval of BAI. BAI shall be entitled to assign the agreement or any party thereof, without requiring any consent or intimation to the PLAYER. 19. WAIVER: No waiver of any breach of any provision of this Agreement shall constitute a waiver of any other prior, concurrent or subsequent breach of the same or any other provision and shall not be effective unless made in writing and signed by an authorized representative of the party waiving such breach. 20. SURVIVAL: Any and all obligations under this agreement which, by their very nature should reasonably survive the termination or expiration of this agreement, will so survive, including but not limited to. Those arising from the confidentiality, indemnification and intellectual property provisions of this agreement.

21. INVALIDITY AND SEVERABILITY: If any part of this Agreement is held by a court of law to be invalid or unenforceable or contrary to any applicable law or regulation: a) The remainder of this Agreement will continue to remain in full force and effect; b) The Parties in good faith shall attempt to substitute for such invalid or unenforceable provision, valid and legally enforceable provision, which achieves to the greatest extent possible the economic, legal and commercial objective of the relevant provision, held invalid or unenforceable by the court of law. However, if the invalid and enforceable provision or part thereof is inseparable from the other part or provision and forms an integral part of this agreement then whole of this agreement shall be construed to be invalid, unless substitutes by subsequent Agreement entered between the Parties covering the subject matter of the previous Agreement.

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22. NOTICES: Any notice required or permitted to be given here under shall be in writing and shall be deemed to be effectively given only if (i) delivered personally, or (ii) sent by pre-paid courier service, airmail or registered mail to the following person(s): In the case of notice to PLAYER, IF addressed to it as follows:

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In the case of notice to BAI, IF addressed to it as follows: Badminton Association of India BBD U.P. Badminton Academy, Vipin Khand, Gomti Nagar Lucknow

23. ARBITRATION COURTS & APPLICABLE LAW: This agreement shall be governed by and construed in accordance with the laws of India. All disputes or claims arising out of or in connection with or relating to this agreement or the breach, interpretation, termination or invalidity hereof, shall be finally settled by arbitration in accordance with the arbitration and conciliation Act 1996 prevailing in India. For the purpose of such arbitration, there shall be one Arbitrator, jointly appointed by the Parties, failing which each of the parties shall appoint one. (1)Arbitrator each and the two (2) Arbitrator shall then, jointly appoint a third (3rd) Arbitrator, who shall serve as the presiding arbitrator. All arbitration proceedings shall be conducted in the English language and the place of arbitration shall be New Delhi. Subject to the above, the Parties shall, for obtaining interim relief, submit to the jurisdiction of the courts of law at New Delhi alone to the exclusive of all other courts.

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24. COUNTERPARTS: This Agreement may be executed in any number of originals or counterparts, each in the like form and all of which when taken together shall constitute one and the same document, and any party may execute this agreement by signing any one (1) or more of such originals or counterparts.

IN WITNESS WHEREOF, the parties hereto have executed his agreement on the day and year first above written. For and on behalf of the BADMINTON ASSOCIATION OF INDIA

------------------------Authorized Signature Name: Designation:

_________________ (PLAYER)

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