EVENT AGREEMENT

This EVENT AGREEMENT ​(the “Agreement”) ​is made and entered into at the city of Addis
Ababa, Ethiopia, effective from January 9 & 10/2021.

By and between:

BOSTON PARTNERS PLC​, a Company duly established under the laws of the Federal
Democratic Republic of Ethiopia, having its head office in Addis Ababa, Bole Sub-city, Woreda
02, House No. 027, (hereinafter referred to as the “Host”), which also includes its subsidiaries
and affiliates, represented by Michael Tesfaye, Email sjmikecj@gmail.com, Mobile No.
+251912669044

- And -

_______________________________________, ​a sole proprietor established under the laws of

the Federal Democratic Republic of Ethiopia, having its head office in Addis Ababa, ____
Sub-city,Woreda____,HouseNo.___Tel.No.+251__________________Email___________
_____________________(hereinafter referred to as the “Client”), represented by
____________________, Mobile No. +251__________________.

Both the Host and the Client shall collectively be known herein as the “Parties” and individually
as the “Party”.

WHEREAS ​the Client engaged in organizing events, wishes to organize an occasion

(“Music Festival”) at Kuriftu Waterpark, Debrezeit;

WHEREAS the Host, a company engaged in resort and spa businesses by providing a
comfortable and entertaining environment, is willing to provide hotel services for the occasion
organized by the Client at its branch located in Bishoftu (Debrezeit) on January 9&10/ 2021 as
per the terms and conditions stated herein;

WHEREAS the Client warrants that he will comply with all the relevant laws, regulations,
directives, and rules of the governing law, including those regulating the Covid-19, while
executing its obligations stated under this Agreement.

 
NOW THEREFORE, ​in consideration of the promises and agreements herein contained and
intending to be legally bound, the Parties hereby agree as follows.

ARTICLE ONE

PURPOSE OF THE AGREEMENT

The purpose of this Agreement is to allow the Client hold an occasion with a maximum
participant of 1000 (one thousand) persons at Kuriftu Waterpark, Bishoftu (Deberezeit) on
January 9/2021 as per the terms and conditions of this Agreement. The Host, in this Agreement,
is a hotel and venue service provider.

ARTICLE TWO
OBLIGATIONS OF THE PARTIES

1. The Client shall perform the following obligations, in a professional and timely manner, for
the successful execution of this Agreement:
1.1. Provide the list of names of the artist and team two weeks ahead of the occasion.
1.2. Sign a Covid-19 free consent letter with each customer at the door and when buyung
tickets
1.3. Apply Covid-19 precautionary measures (provide face masks and sanitizers) and
inform the participants to do the same.
1.4. Take responsibility for any breach against Covid-19 protection laws and any damage
caused to the participants.
1.5. Should send a guarantee letter for the rooms reserved on both days confirming that
they will pay for the rooms reserved one week before the event date
1.6. Upon the expiration of the term of the Agreement, hand over to the Host any and all
properties it received for the purpose of executing the Agreement.
1.7. Provide security at its own cost
2. The Host shall perform the following obligations for the successful execution of this
Agreement:
2.1. Provide the place where the occasion will be hosted.

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 2.2. Provide, at its-own cost and expenses, meals, non-alcoholic beverages, 3 rooms to 3
Client’s staffs on January 9 & 10/2020.
2.3. Take responsibility for any breach against Covid-19 protection laws and any damage
caused to the participants.
2.4. Make sure the rooms and venue is sanitized and there is sanitizers in the rooms and
around the premises
2.5. Provide rooms with rack rates on both days
2.6. Provide a local security and cleaning staff

ARTICLE THREE
COST AND EXPENSES

1. The Client shall be responsible to cover the full cost and expenses for the occasion unless
provided otherwise in this Agreement. This cost includes, but not limited to, costs of
designing, printing and selling tickets, transport costs of personnel, lighting, sound, and
security costs and so on.
2. The Client is also responsible for taxes to be paid on the income generated from the
occasion.

ARTICLE FOUR
INCOME ALLOCATION

1. The Host shall be the exclusive owner and beneficiary of the revenues to be collected from
food, accommodations, and room services during the occasion.

2. The Client shall be the exclusive owner and beneficiary of the revenue to be collected from
the selling of the tickets for the occasion.

3. The Client shares 50% of the net revenue (after the payment of tax and other costs)
generated from sale of hard liquor and wine, but not from soft drinks including ambo, water,
related beverages and beer.

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4. Sponsored drinks except hard liquors cannot be sold except if the host does not have the
requested drink. If the drinks have to be sold the client should sell the sponsored drinks for
the host by providing a receipt for the host.

5. The Host shares 50% of the net revenue (after the payment of tax and other costs) generated
from sale of hard liquor and wine. And is exclusive owner of the sales of soft drinks
including ambo, water, related beverages and beer.

6. Payment shall be done within 10 working days after the event has been hosted.

ARTICLE FIVE
​NATURE OF THE RELATIONSHIP

Nothing in the Agreement, or otherwise, shall be construed as creating a joint venture,

partnership, employer-employee, or similar relationship between the Parties, or as authorizing
either Party to act as the agent of the other in the subject matter that is not covered under the
Agreement. The Host, in this Agreement, is a hotel service provider, and their relationship is
based on this fact.
ARTICLE SIX
ASSIGNMENT OF OBLIGATIONS

The Client shall not assign any of its respective obligations stated under the Agreement to a
third party unless upon obtaining a specific prior written approval from the Host.

ARTICLE SEVEN
CONFIDENTIALITY

The Parties shall maintain in utmost confidence any and all information and materials, in any
form, related to or arising from this Agreement, and, shall not use or exploit this information
or material for any purpose other than for the purpose of executing this Agreement.

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 ARTICLE EIGHT

NOTICE

Whenever in the Agreement it is required or permitted that notice be given or served by either
party on the other, such notice shall be deemed given or served if made in writing and delivered
by hand or email to the addresses stated in preamble part of the Agreement or subsequently
amended addresses.

ARTICLE NINE
AMENDMENT

The Parties may at any time amend and change the terms of the Agreement only in writing and
signed by both parties.

ARTICLE TEN
GOVERNING LAW AND SETTLEMENT OF DISPUTES

1. This Agreement shall be governed by and shall be construed in accordance with the laws of
Ethiopia. Non-contractual obligations (if any) arising out of or in connection with this
Agreement (including its formation) shall also be governed by the laws of Ethiopia.
2. Any difference or dispute between the parties arising out of or in connection with this
Agreement, including any question regarding its validity or termination, shall be settled
amicably, within 30 (Thirty) days of the service of a proper notice by way of negotiation
and discussion taking into account the intention of the contracting parties during the signing
of the Agreement.
3. Any dispute that cannot be settled as per sub-article 2 of this Article, shall be referred to and
finally resolved by three-panel arbitration in the following manner:
3.1. The aggrieved contracting party notifies the other in writing about its intent to initiate
arbitration within 30 (Thirty) days of the expiry of the negotiation period stipulated
under sub-article 2 of this Article. The Party initiating the arbitration is required to

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 inform its appointed arbitrator and request the other do likewise within 30 (thirty) days
of receipt of the notice. The two nominated arbitrators by the Parties shall nominate
their presiding arbitrator within 30 (thirty) days of the appointment of the last arbitrator
by the Parties.
3.2. If the two arbitrators fail to appoint the presiding arbitrator, either or both of the parties
may request the President of the Ethiopian Lawyers’ Association (the “Appointing
Authority”) to appoint the presiding arbitrator within 15 (fifteen days) of submission of
the request letter.
3.3. In the event of failure of the other Party to appoint its arbitrator as per sub-article 3.1 of
this Article, the aggrieved Parties shall resort to the President of the Ethiopian Lawyers’
Association to compel the failed Party to appoint its arbitrator and to further establish
the ad-hoc arbitration tribunal.
4. Without prejudice to the power of the Tribunal to decide on who ultimately bears the costs
of arbitration, parties have agreed to cover the costs of arbitration equally during the
proceeding. This cost includes administration fee and arbitrators’ fee.
5. The venue, seat, or legal place, of arbitration shall be Addis Ababa.
6. The governing substantive and procedural law shall be Ethiopian law.
7. The language to be used in the arbitral proceedings shall be Amharic.
8. The decision of the arbitration tribunal is final and binding.

ARTICLE ELEVEN
SEVERABILITY

In the event any provision of the Agreement is deemed to be void, invalid, or unenforceable,
that provision shall be severed from the reminder of the Agreement so as not to cause the
invalidity or unenforceability of the remainder of the Agreement. All remaining provisions of
the Agreement shall then continue in full force and effect. If any provision shall be deemed
invalid due to its scope or breadth, such provision shall be deemed valid to the extent of the
scope and breadth permitted by law.

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 ARTICLE TWELVE
ENTIRE AGREEMENT

This Agreement shall set forth the entire agreement between the parties with regard to the
subject matter hereof. All prior agreements, representations and warranties, express or implied,
oral or written, with respect to the subject matter hereof, are hereby superseded by the
Agreement.

IN WITNESS WHEREOF the parties hereto have set and subscribed their respective hands
and seals to this Agreement in two copies on the day, month, year and place first hereinabove
mentioned.

FOR THE CLIENT​ ​ ​ FOR THE HOST

Name: Name:

Signature: Signature:

Witnesses:
1. Name:_________________________
Signature:_________________________

2. Name:_________________________
Signature:_________________________

3. Name:_________________________
Signature:_________________________