December 2018 Meeting Documents 3

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December 2018 Meeting Documents 3 AMENDED AND RESTATED LICENSE AGREEMENT BETWEEN SPORTIME CLUBS, LLC FKA ISLAND TENNIS, L.P. d/b/a SPORTIMESM AND RANDALL’S ISLAND PARK ALLIANCE, INC. FKA RANDALL’S ISLAND SPORTS FOUNDATION, INC. AND CITY OF NEW YORK PARKS & RECREATION for CONSTRUCTION, EXPANSION, RENOVATION, OPERATION, MAINTENANCE AND MANAGEMENT OF A YEAR-ROUND TENNIS FACILITY AT RANDALL’S ISLAND PARK MANHATTAN, NEW YORK M104-IT DATED: , 2018 TABLE OF CONTENTS TITLE PAGE GRANT OF LICENSE ................................................................................................................................................ 2 DEFINITIONS ............................................................................................................................................................. 3 TERM OF LICENSE .................................................................................................................................................. 9 PAYMENT TO RIPA ............................................................................................................................................... 17 RIGHT TO AUDIT ................................................................................................................................................... 25 CAPITAL IMPROVEMENTS ................................................................................................................................. 25 ALTERATIONS ........................................................................................................................................................ 33 FIXED AND EXPENDABLE EQUIPMENT ......................................................................................................... 34 UTILITIES ................................................................................................................................................................. 35 OPERATIONS ........................................................................................................................................................... 35 MAINTENANCE, SANITATION AND REPAIRS ............................................................................................... 46 APPROVALS ............................................................................................................................................................. 47 RESERVATION FOR PARKS SPECIAL EVENTS ............................................................................................. 48 PROHIBITION AGAINST TRANSFER, ASSIGNMENT, AND SUBLICENSES ............................................. 48 PARKS CONSTRUCTION ...................................................................................................................................... 50 COMPLIANCE WITH LAWS ................................................................................................................................ 50 NON-DISCRIMINATION ........................................................................................................................................ 51 NO WAIVER OF RIGHTS ...................................................................................................................................... 51 INDEMNIFICATION ............................................................................................................................................... 51 INSURANCE ............................................................................................................................................................. 52 WAIVER OF COMPENSATION ............................................................................................................................ 59 INVESTIGATIONS .................................................................................................................................................. 59 CHOICE OF LAW, CONSENT TO JURISDICTION AND VENUE .................................................................. 62 WAIVER OF TRIAL BY JURY .............................................................................................................................. 62 CUMULATIVE REMEDIES – NO WAIVER ........................................................................................................ 63 EMPLOYEES OF LICENSEE ................................................................................................................................ 63 INDEPENDENT STATUS OF LICENSEE ............................................................................................................ 63 CREDITOR-DEBTOR PROCEEDINGS ............................................................................................................... 63 CONFLICT OF INTEREST; COMPETITION ..................................................................................................... 64 PROCUREMENT OF AGREEMENT .................................................................................................................... 64 NO CLAIM AGAINST OFFICERS, AGENTS, OR EMPLOYEES .................................................................... 65 ii ALL LEGAL PROVISIONS DEEMED INCLUDED ............................................................................................ 65 SEVERABILITY: INVALIDITY OF PARTICULAR PROVISIONS ................................................................. 65 JUDICIAL INTERPRETATION ............................................................................................................................. 65 MODIFICATION OF AGREEMENT .................................................................................................................... 65 NOTICES ................................................................................................................................................................... 66 SCOPE OF AGREEMENT ...................................................................................................................................... 66 HEADINGS AND TABLE OF CONTENTS .......................................................................................................... 67 ENTIRE AGREEMENT ........................................................................................................................................... 67 COUNTERPARTS .................................................................................................................................................... 67 DELAY EVENTS AND RENEGOTIATION EVENTS ........................................................................................ 67 EXHIBIT A1 EXHIBIT A2 EXHIBIT B EXHIBIT C EXHIBIT D1 EXHIBIT D2 EXHIBIT E EXHIBIT F EXHIBIT G EXHIBIT H EXHIBIT I iii AMENDED AND RESTATED LICENSE AGREEMENT (“License Agreement”) made this day of December , 2018, among the City of New York (the “City”) acting by and through the Department of Parks & Recreation (“Parks”), whose address is The Arsenal, 830 Fifth Avenue, New York, New York 10021, Randall’s Island Park Alliance, Inc. fka the Randall’s Island Sports Foundation, Inc. (“RIPA”), a not-for profit corporation, organized under the laws of the State of New York (“State”), whose address is 24 West 61st Street, 4th Floor, New York, New York 10023, and Sportime Clubs, LLC d/b/a SportimeSM fka Island Tennis, L.P. (“Licensee”), a limited liability company organized under the laws of the State of New York whose address is P.O. Box 778, 320 Abrahams Path, Amagansett, New York 11930. WHEREAS, Parks, pursuant to Section 533 of the City Charter, has jurisdiction over parklands of the City of New York and facilities therein; and WHEREAS, Randall’s Island Park in the Borough of Manhattan is property under the jurisdiction and control of Parks and the management of the Randall’s and Wards Island Park Administrator; and WHEREAS, the City, RIPA and Licensee entered into that certain license agreement, dated October 5, 2005, for the construction, operation, maintenance, and management of a year-round tennis facility at Randall’s Island Park, as amended on November 13, 2007 and June 30, 2009 (collectively, the “Original License Agreement”); and WHEREAS, Parks complied with the requirements of the Franchise and Concession Review Committee (“FCRC”) for the use of different procedures to enter into an amendment to the Original License Agreement to, among other things, expand the Licensed Premises to include, after construction, ten (10) additional full-size tennis courts adjacent to the current Licensed Premises and related amenities and to extend the term for twenty-five (25) years from the date the expanded facility opens; and WHEREAS, Parks, RIPA and Licensee now desire to enter into this Amended and Restated License Agreement, to supersede the Original License Agreement, specifying rights and obligations with respect to the construction, expansion, renovation, operation, maintenance and management of a year-round tennis facility at Randall’s Island Park; and NOW THEREFORE, in consideration of the premises and covenants contained herein, the parties hereby do agree as follows: 1 GRANT OF LICENSE 1.1 Parks hereby grants to Licensee and Licensee hereby accepts from Parks this license to exclusively perform the following services: the construction, expansion, renovation, operation, maintenance and management of a state of the art year-round tennis facility at the Licensed Premises (defined in Section 2.1(j) of this License Agreement) for the use and enjoyment of the general public (the “Concession”), in accordance with the
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