Terms of Use

1. The competition franz. and general use of the Website

1.1. The following terms govern the use of the www.franzIDEAS.com website (“Website”) provided by WHU – Otto Beisheim School of Management
(“WHU“) and the application for and participation in the competition for ideas future of sports “franz. Create the future of sports.” (“ franz.”) which is conducted by WHU. franz. is the very first international student competition for ideas in sports, where undergraduate
and graduate top students from leading schools around the world are asked to bring new ideas that will be taken up by the world’s most preeminent sports
institutions. franz. is named after Franz Beckenbauer and is a vital part of CAMP BECKENBAUER (“CB”) – a year-round project which has its
climax at the annual event of CB Global Summit. CB focuses on the upcoming challenges in sports and associated areas in business, the media and politics.
CB and its partners aim to go beyond a top-level discussion forum, to evoke new ways of thinking, to simultaneously develop goal-oriented solutions and,
best of all, to trigger changes in the world of sports. Developing such solutions with decision-makers in sports only is not enough. Therefore, the
competition franz. has been jointly created and developed by WHU and CAMP BECKENBAUER Management GmbH (“CB GmbH”), a subsidiary of MHM
Marcus Höfl Management GmbH. CB GmbH is the owner of all rights with respect to CB and franz. and the responsible company organizing the year-round project
CB. WHU delivers the content and the set-up of the Website for the competition franz. as WHU scientifically supports CB.

1.2. Our general online services are designed and addressed to students from all over the world interested in the competition franz. and those students who
are applying and participating in the competition franz. (“User”). Terms and conditions subject to change without notice.

1.3. By accessing or using the Website and/or participating in the competition franz. with log-in or where a log-in is not required you agree to these
terms and conditions contained herein (collectively, the “Terms of Use”). WHU or CB GmbH may amend, modify or replace terms and conditions found within
this Terms of Use at any time and without notification.

2. Application process and participation in the competition franz.

2.1. As a first requirement for a participation in the competition franz., students should form a team which consists of registered undergraduate or
graduate students. Only undergraduate and graduate students who are officially registered at a school, university and/or university of applied sciences are
allowed to take part in the competition franz. The sign-up and application process for the competition franz. is exclusively available online on the
Website and free of charge. WHU accepts a minimum of three members and a maximum of four members per team. Only one sign-up per team is permitted.

2.2. The team shall ensure to include CVs of all team members (one page per team member). The applicant who submits the application for the team members
has to ensure that he is authorized to submit the application on behalf of the other team members. Furthermore, the team has to provide a link to
PowerPoint presentation that tells the story of the team’s innovation in a compelling way. There are no technical requirements for the presentation, but it
should not be longer than 10 pages. The application process will be closed by 4 December 2016.

2.3. The competition is designed to have the following structure:

2.3.1. Round One: WHU will select subject to their sole discretion in a non-public process the best ideas that have been submitted. There is no quota for
teams qualifying for round two.

2.3.2. Round Two: Selected Teams for round two will get a detailed briefing for the further process of the competition franz. and what is expected by the
participants. WHU will in particular provide material and examples on how the participant’s idea should be developed into a concrete proposal for the
competition backed business impact figures.

2.3.3. Round Three: WHU will again select subject to their sole discretion in a non-public process, the competitions finalists. The finalists have the
right to travel to Germany to present their ideas before a Jury of experts. WHU will arrange the finalists’ traveling and
logistics accordingly. Costs of travel departing to and from the city of the students current host university, 2 nights accommodation and meals are
covered. Expenses for personal and leisure/free-time activities are not covered, nor are changes or re-bookings to your travel. Teams/ideas selected by the
Jury to their sole discretion have the right to present their idea at the next. Summit, which is part of the CB year-round project.

2.3.4. The winning team: The winning team will be nominated at the next. Summit by the Jury. The winning team will be invited to join the annual event of
CB Global Summit and to present their idea on stage in autumn. CB GmbH will arrange the finalists’ traveling and logistics and bear these
costs.

3. Changes in the competition

3.1. The format, the date, the timetable and the design of the competition franz. and of any events taking place in the context of the competition franz.
are subject to the sole discretion of WHU and CB GmbH. WHU and CB GmbH also have the right to cancel the competition franz. at any time of the competition.
Any right of the User, the participants and the team as a whole to claim compensation in these cases shall be expressly excluded.

3.2. WHU and CB GmbH have the right to exclude participants and/or a team in case of a violation of these Terms of Use or any other objective reason, in
particular if participants provided false information in the application process, in case of cheating and/or in case of posting or making otherwise public
false or defamatory statements or information regarding WHU, CB GmbH, the competition franz. and/or its representatives. Any right of the User, the
participants and the team as a whole to claim compensation in these cases shall be expressly excluded.

4. Rights of Use and Intellectual Property

4.1. The use of any information made available on or via this website and the participation in the competition franz. after the sign-up process is subject
to these Terms of Use.

4.2. The text, images, graphics, sound files, animation files, video files, and their arrangement on the website are all subject to copyright and other
intellectual property protection. These objects may not be copied for commercial use or distribution, nor may these objects be modified or reposted to
other sites.

4.3. The User and/or the participant of the competition franz. warrants that he is the legal owner of any and all commercial marketable intellectual
property rights, in particular copyright, in relation to the provided video material uploaded on the Website within the password-protected application
area. The User shall defend, indemnify and hold harmless WHU and CB GmbH, from and against all costs, charges and expenses (including attorneys’ fees)
arising out of the use of the granted rights.

4.4. By accepting these Terms of Use the User irrevocably grants to WHU and CB GmbH exclusively all assignable intellectual property rights of the provided
video material, in particular copyright but explicitly excluding moral rights, without limitation in relation to place and time for all and any commercial
and non-commercial usage purposes. The grant of rights encloses in particular but not limited to the right to use, reproduce, broadcast, transmit, publicly
perform and display and distribute the video material.

5. Registration, Password

5.1. Some pages of the website are password-protected, in particular the application area to the competition franz. Users are required to provide their
personal data and upload video material.

5.2. The user will be provided with an access code after the sign-up process, comprising of a user ID and a password (“User Data“). The
user data allows the user to view or change its data or, as applicable, to withdraw its consent to data processing as well as uploading video material.

5.3. The user shall give accurate personal information as required in the password secured area (e.g. name, surname, contact e-mail, country of origin,
name of University, subject of studies) and, where such information changes over time, update such information online without undue delay. The user shall
ensure that their e-mail address, as supplied to WHU, is current at all times and is an address at which the user can be contacted.

5.4. In the interest of security of personal data and copyright protection, only registered users may access password-protected pages. WHU reserves the
right to deny registration to any user. WHU particularly reserves the right to make certain pages, which were previously freely accessible, subject to
registration. WHU is entitled, at any time and without obligation to give reasons, to deny the user the right to access the password-protected pages by
blocking their user data, in particular if the user

uses false data for the purpose of registration, and/or violates these Terms of Use, and/or neglects their duty of care with regard to user data, and/or
violates any applicable laws in the access to or use of the website.

5.5. The user shall ensure that user data is not accessible by third parties and is liable for all transactions and other activities carried out under
their user data. At the end of each online session, the user shall log-off from the password-protected websites. If and to the extent the user becomes
aware that third parties are misusing its user data the user shall notify WHU thereof without undue delay in writing, or, as the case may be, by e-mail.

5.6. The user may at any time request deletion of personal information in writing, provided that the deletion will not violate the proper performance of
contractual relationships. In such event WHU will remove all user data and other stored personally identifiable data of the user as soon as these data are
no longer needed.

6. General services of the Website

6.1. This Website contains specific information related to the competition franz. and online video content provided by the user for viewing or downloading.
In addition hereto, the website contains supplementary data and information about the past Summit and the upcoming Summit.

6.2. WHU may cease operation of the website in full, or in part, at any time. Due to the nature of the internet and computer systems, WHU cannot accept any
liability for maintaining the continuous availability of the website.

7. Intellectual Property

Notwithstanding the particular provisions in § 4 of these Terms of Use, any and all information, brand names (e.g. franz. create the future of sports.) and
other contents of the website and the competition franz. itself are legal property of CB GmbH and may not be changed, copied, reproduced, sold, rented,
used, supplemented or otherwise used in any other way, unless otherwise permitted in writing by CB GmbH.

8. Hyperlinks

The website may contain hyperlinks to the web pages of third parties. WHU has no liability for the contents of such web pages and does not make
representations about or endorse such web pages or their contents as its own, as WHU does not control the information on such web pages and is not
responsible for the contents and information given thereon. The use of such web pages shall be at the sole risk of the user.

9. Data Privacy Protection

For collection, use and processing of personally identifiable data of the user of the website, WHU shall comply with applicable laws on data privacy
protection. WHU will not at any time process any of the information provided by the user to any third party for any commercial purposes. Personal data will
be exclusively processed for the purpose of data storage with our contractual data processing company. For further information about data privacy
protection please see “Privacy Policy”.

10. Newsletter

10.1. By completing the sign-up process the user is accepting to receive WHU’s regular e-mails to the users e-mail address. The regular mails contain
relevant information about the ongoing competition franz. itself and related issues as information about the year-round project of CB.

10.2. If at any time the user would like to be removed from the WHU mailing list, the user may do so by clicking the “unsubscribe” link.

11. Final provisions

11.1. Recourse to the courts is not permitted.

11.2. These Terms of Use shall be governed by the laws of Germany. Exclusive place of jurisdiction for all disputes arising from or in connection with
these Terms of Use is Dusseldorf, as far as legally permissible.

11.3. If any provision of these Terms of Use is or becomes invalid that shall not affect the validity of the remainder of the Terms of Use. In such event
the respective invalid provision or gap shall be replaced by a provision which comes closest to the commercial purpose of the respective invalid provision.