Agreement

Between the company

In behalf of
OLIVER Sport & Squash GmbH

OLIVER Sport Canada Inc.

1625 Bank Street, 2nd Floor
Ottawa, ON K1V 7Y9, CANADA

Thereafter called "OLIVER" -

and
Jean-Paul Ortiz

Player:

Cra 71 No 61-10 sur

Address:

jportiz2316@gmail.com

e-mail:
 Instagram (jeanpaulortizvargas)

Homepage:

+57 3024290632

Cell phone:

ParaBadminton Player / Men's Singles SU5 World's #40

/ Men's Doubles SU5 World's #36
Ranking:

Us 8

Shoe size
(US/CM/EURO):

EXTREME 69 POWER

Racket model:

Clothing size:

Thereafter called "Player"

Will agree to the following:

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 §1

During the duration of the agreement, the Player will promote OLIVER exclusively
with his services as a consultant and advertising medium for squash articles. This
also includes maintaining contact with other sportsmen and sports clubs and
recommending OLIVER rackets and equipment.

§2

2.1. The Player authorises OLIVER, during the term of this agreement, the use of
his name, signature or facsimile, initials, likeness, voice, live or recorded
performance, nickname, biographical material and photograph ,profile for sole
commercial use for the distribution and commercialization of OLIVER goods.

As well as for all related activities and events. (Exceptions are permitted only by prior
approval and agreement with OLIVER.)
The use of the players name and illustrations by sport clubs and sports federations is
excluded.

OLIVER may use the name in whole or in part, as well as in any other format during
the term of the contract. The Advertising of the Oliver brand is to be free
internationally. OLIVER undertakes to protect the personal rights of the Player and to
prevent any abuse of the rights granted.

2.2. The player is not allowed to use his name or his image to any other
commercial company in the squash/badminton industry.

§3

3.1. The Player commits himself to only use the sponsored goods from OLIVER for
training and competition. OLIVER allows exceptions for club / institutional
equipment / clothing if demanded.

3.2. The Player undertakes to support OLIVER by prior appointment and invitation
at fairs, exhibitions, advertising events and autograph sessions. .

3.3. The player commits himself to support OLIVER on social media (Facebook,
Instagram…), especially @OLIVERSportAmericas. The player will inform his
OLIVER contact about upcoming tournaments and his performance.

3.4. Further, the Player agrees to make sure PSA World Tour / BWF Badminton
World Federation player profile information correctly states OLIVER as Racket,
Clothing and Footwear sponsor (as applicable), and that the picture displayed shows
the Player wearing/playing with OLIVER Products. The Player should contact the
PSA/BWF himself/herself to make sure the information is updated correctly within a
month after signing this Agreement.

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3.5. Player confirms that he/she has tested the OLIVER Products and that they are
acceptable and suitable for his/her professional and training use.

3.6. Player should display the OLIVER bag on and off court in a highly visible
manner.

3.7. If Player has his/her own webpage, Player agrees to provide a link to oliver-
sport.com and other related OLIVER sites, on his/her first page during the contract
period. OLIVER will provide the Player with the relevant size and looks of the
icon/logo to make sure that the OLIVER trademark/details are correctly displayed.

§4

Equipment

4.1 OLIVER agrees to supply the Player during the Contract Period at no charge,
the following:

4 Badminton Rackets
1 Top Pro Bag
1 Reel of Strings
4 OLIVER Shirts

4.2 Player undertakes not to alter the OLIVER Products and agrees not to sell, offer
for sale or otherwise dispose of to any person, firm or company whatsoever any

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 of the OLIVER Products which are supplied to the Player under the terms of this
Agreement and to return such Products to OLIVER upon its request.

4.3 The OLIVER Logo must always be visible on the racket.

§5

5.1. The contract is for a period of 1 Year, commencing 01 MAY 2021. Renewal of
this contract will be reviewed at the end of each period.

5.2. In the case of premature termination of the contract as a result of gross and
intentional breach of contract by the athlete, the player must replace the goods
delivered at a value of 50% of the price.

5.3. The possibility of termination without notice for important reasons remains
unaffected.

5.4. The player is obliged to notify OLIVER in the event of termination, if the
intention is to adjust the agreement, or whether and under what conditions he
intends to conclude a contract with a competitor of OLIVER. It grants OLIVER the
first opportunity to sign a contract on similar terms of the competitor.

§6

6.1. Additional agreements are not permitted. Any amendments and supplements to
the contract require to be in writing to become effective.

6.2. (Severability clause)

Should individual terms of this Agreement become ineffective due to later
circumstances or should an ambuiguity emerge, the legal effectiveness of the other
provisions are not affected.

§7

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7.1. In addition, OLIVER shall have the right to terminate this Agreement upon
fourteen (14) days of prior written notice to Player in the event of the occurrence of
any of the following:

A, Player is convicted of any felony involving moral turpitude or is excluded from

a participation or ranking because of doping.
B, Player publicly displays behavior or makes statements or comments, which
harm the image of OLIVER or OLIVER Products.
C, Player fails to exclusively use the OLIVER Products.
D, Player’s Year End World Ranking falls below 70 (if applicable)
E, Player is unable to play, by reason of illness, injury or for whatever other
reason for a period of time longer then four consecutive months.
F, Player retires from the National Team or is not chosen by the National Team.

In the event of OLIVER termination the Sponsorship Compensation shall

prorated to the effective date of termination and any Tournament Bonus
earned by the Player prior to the effective date of termination shall be paid
within sixty (60) days of receipt of and invoice from Player. Player shall not be
entitled to a Quarterly Compensation.

§8

FIRST RIGHT OF REFUSAL

Player agrees that before entering into any negotiations with any competitor of
OLIVER concerning the same or a similar subject matter as set out in this
Agreement to take effect following termination of this Agreement, Player will
first negotiate in good faith with OLIVER at least 60 days prior to expiration of
this Agreement.

Furthermore, Player shall inform OLIVER immediately if a competitor of

OLIVER provides him/her with support in any other form or seeks to induce
him/her to accept its sponsorship (“Third party Offer”). In such event, Player
shall communicate the details of such Third Party Offer (in particular its key
terms) to OLIVER. Within 20 days of receipt of such communication, OLIVER
shall be entitled to require that instead of accepting the Third Party Offer, the
Player shall enter into an agreement with OLIVER after the expiration of this

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 Agreement containing the same key terms as that Third Party offer. If OLIVER
does not respond within the period of 20 days referred to herein, Player shall
be free to enter into the agreement with the third party.

§9

The parties hereto shall not disclose the terms of this Agreement to any third party,
other than their respective agents or representatives, unless required to do so by
any governmental agency or court order or to enforce the terms hereof.

Player shall keep confidential any information and know how obtained on the
OLIVER Products as well as other internal information concerning OLIVER during
and after the term of this Agreement.

Nothing contained in this Agreement shall be construed to establish an employer/

employee relationship between OLIVER and Player.

This Agreement constitutes the entire understanding between OLIVER and Player
and cannot be altered or modified except by an agreement in writing signed by both
OLIVER and Player.

This Agreement may be executed by facsimile and in two or more counterparts,

each of which shall be deemed an original, but all of which shall constitute one and
the same instrument.

Conflict resolution via mediation or commercial arbitration in Germany.

OLIVER SPORT CANADA INC.

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Name of company Player. Jean Pau Ortiz

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Signature of Representative Player Signature

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Date Date 17/ 06 / 2021