GOLF TIME 2021 Media Kit

TERMS & CONDITIONS (Continued)

§ 10. The ordering party is entitled to a reduction in costs or a substi- tute advert for wholly or partially unreadable or inaccurate printing of the advertisement only in so far as the purpose of the advertisement is affected. Further liability of the publisher is excluded. Missing or in- accurately printed control details do not entitle the ordering party to any claims, provided no contrary agree- ment has been formed. Complaints must be filed within four weeks of receiving invoice and receipt. § 11. Test prints are only supplied only on explicit demand. The ordering party is responsible for the accuracy of the test print that is returned. If the ordering party does not return the test print sent to him on time within deadline, clearance of print shall be assumed. § 12. Once the invoice has been received, it is to be paid according to the terms described in the price list, unless a shorter term of payment or pre-payment has been agreed upon. Any discounts for advance payment will be made according to the price list. For invoices with an invoicing address outside Germany, no VAT will be added provided that tax ex- emption is accepted. The publisher reserves his right of subsequent billing of VAT in case the financial management affirms tax liability of the ad. The publishers reserves his right to claim prepayment of 75% of

the invoice amount two weeks prior to the advertising deadline in case of advertising contracts with adverti- sers outside of Germany. In case of non-payment, the publisher can decline the contract. § 13. In case of delay or deferral of payment, interest will be paid at the rate of 5% above the valid discount rate of the central issuing bank of Germany, as well as collection costs. If delay of payment continues, the publisher is entitled to postpone carrying out the current order and demand advance payment for the remaining advertisements. For cases of bankruptcy and legal bankrupt- cy settlements, discount is not applicable. If there is good reason, the publisher is entitled to make the publication of further advertise- ments dependent on the settlement of open invoice amounts, even if this occurs during the term of an adver- tisement agreement. Furthermore, the ordering party is not entitled to make any claims against the publis- her in this affair. § 14. If requested, the publisher will supply a copy of the ad. If the type and volume of the ad order justify, up to two copies or complete edition numbers will be supplied. If it is no longer possible to supply a copy, a legally-binding certificate from the publisher acts as substitute. § 15. The costs for considerable

changes to the originally agreed quality and delivery of the ordered prints, stencils and drawings are to be paid by the ordering party. § 16. A drop in circulation can only affect the contractual relationship if a number of copies per issue has been guaranteed and if this number drops by 50%. The publisher is free to select its distribution channels; these are not guaranteed. In additi- on, claims for reduction in price or for damages cannot be made if the publisher has informed the ordering party in advance of drops in circu- lation, giving the ordering party the opportunity to withdraw the advert before publication. § 17. Place of fulfillment and juris- diction for both parties is the legal domicile of the publisher. German law is applicable. In case any of the General Terms prove illegal or void, this does not effect the validity of the remaining terms. The parties shall replace the void term with one regarding the purpose of the contract.

G.O.L.F.-TIME VERLAG GMBH Oskar-von-Miller-Straße 11 D-82008 Unterhaching PUBLISHER/EDITOR IN CHIEF Oskar Brunnthaler MANAGING DIRECTORS Oskar Brunnthaler Marcus Brunnthaler DEPUTY EDITORS IN CHIEF Marcus Brunnthaler Markus Scheck EDITOR IN CHIEF GOLFTIME.DE Thomas Fischbacher MARKETING & EVENTS Peer Wille SALES & MARKETING Jürgen Haß REPRESENTATION AUSTRIA Lydia Enigl

OFFICE MANAGEMENT Alexandra Thoma