Common use of Downsizing Clause in Contracts

Downsizing. The amount of space reserved may be reduced by Exhibitor by giving written notice to BIOTECH Management, subject to the following: On or before 30 April 2017 Exhibitor must pay 50% of the original Contract price, which amount may be applied against the reduced space. Any remaining amounts previously paid by Exhibitor will be refunded. After 1 May 2017: Exhibitor must pay 100% of the original Contract price, which amount may be applied against the reduced space. Any payment in excess of the cost of the new space is non-refundable. INSTALLATION: Until full payment of the booth fee has been received, Exhibitor will not be allowed to set up, nor will freight be delivered to booth. BOOTH PERSONNEL: Exhibitor must have staff present at booth during all open exhibition hours. Exhibitor’s personnel shall conduct themselves in a professional manner at all times. All booth personnel must be dressed appropriately to conduct business. SECURITY: While the Organizer shall arrange necessary security precautions in the interest of the Exhibition as a whole, the Organizer shall not be liable for any loss or damage to exhibits or other properties of the Exhibitor or any injury to persons, whether before, during or after the Exhibition. Exhibitor warrants that nothing that he/she, his/her servants or agents shall do in or for the Exhibition shall contravene any law or regulations, encroach upon third parties’ rights, or pose any exceptional danger or risk which has not been previously disclosed to the Organizer with sufficient precautionary measures taken. INSURANCE & LIABILITY: The Exhibitor shall insure, indemnify and hold the Organizer and the venue managers harmless in respect of all costs, claims, demands and expenses for incidents incurred by the staff or agent of the Exhibitor upon any person or things at the exhibition venue. VENUE AND VENUE PROPERTY: The Exhibitor shall take all necessary precautions to prevent any harm done to the venue and venue property. The Exhibitor is liable to compensate the Organizer for any damage done to the venue or venue property.

Downsizing. The amount of space reserved may be reduced by Exhibitor by giving written notice to BIOTECH Management, subject to the following: On or before 30 April 2017 2018 Exhibitor must pay 50% of the original Contract price, which amount may be applied against the reduced space. Any remaining amounts previously paid by Exhibitor will be refunded. After 1 May 20172018: Exhibitor must pay 100% of the original Contract price, which amount may be applied against the reduced space. Any payment in excess of the cost of the new space is non-refundable. INSTALLATION: Until full payment of the booth fee has been received, Exhibitor will not be allowed to set up, nor will freight be delivered to booth. BOOTH PERSONNEL: Exhibitor must have staff present at booth during all open exhibition hours. Exhibitor’s personnel shall conduct themselves in a professional manner at all times. All booth personnel must be dressed appropriately to conduct business. SECURITY: While the Organizer shall arrange necessary security precautions in the interest of the Exhibition as a whole, the Organizer shall not be liable for any loss or damage to exhibits or other properties of the Exhibitor or any injury to persons, whether before, during or after the Exhibition. Exhibitor warrants that nothing that he/she, his/her servants or agents shall do in or for the Exhibition shall contravene any law or regulations, encroach upon third parties’ rights, or pose any exceptional danger or risk which has not been previously disclosed to the Organizer with sufficient precautionary measures taken. INSURANCE & LIABILITY: The Exhibitor shall insure, indemnify and hold the Organizer and the venue managers harmless in respect of all costs, claims, demands and expenses for incidents incurred by the staff or agent of the Exhibitor upon any person or things at the exhibition venue. VENUE AND VENUE PROPERTY: The Exhibitor shall take all necessary precautions to prevent any harm done to the venue and venue property. The Exhibitor is liable to compensate the Organizer for any damage done to the venue or venue property.

Downsizing. The amount of space reserved may be reduced by Exhibitor by giving written notice to BIOTECH Management, subject to the following: On or before 30 April 2017 May 2021 Exhibitor must pay 50% of the original Contract price, which amount may be applied against the reduced space. Any remaining amounts previously paid by Exhibitor will be refunded. After 1 May 2017June 2021: Exhibitor must pay 100% of the original Contract price, which amount may be applied against the reduced space. Any payment in excess of the cost of the new space is non-refundable. INSTALLATION: Until full payment of the booth fee has been received, Exhibitor will not be allowed to set up, nor will freight be delivered to booth. BOOTH PERSONNEL: Exhibitor must have staff present at booth during all open exhibition hours. Exhibitor’s personnel shall conduct themselves in a professional manner at all times. All booth personnel must be dressed appropriately to conduct business. SECURITY: While the Organizer shall arrange necessary security precautions in the interest of the Exhibition as a whole, the Organizer shall not be liable for any loss or damage to exhibits or other properties of the Exhibitor or any injury to persons, whether before, during or after the Exhibition. Exhibitor warrants that nothing that he/she, his/her servants or agents shall do in or for the Exhibition shall contravene any law or regulations, encroach upon third parties’ rights, or pose any exceptional danger or risk which has not been previously disclosed to the Organizer with sufficient precautionary measures taken. INSURANCE & LIABILITY: The Exhibitor shall insure, indemnify and hold the Organizer and the venue managers harmless in respect of all costs, claims, demands and expenses for incidents incurred by the staff or agent of the Exhibitor upon any person or things at the exhibition venue. VENUE AND VENUE PROPERTY: The Exhibitor shall take all necessary precautions to prevent any harm done to the venue and venue property. The Exhibitor is liable to compensate the Organizer for any damage done to the venue or venue property.