APPENDIX 2 - Euroleague Basketball

13. Cancellation:
13.1. EP has the right to immediately cancel this Licence Contract
and the licence granted hereunder, or temporarily suspend it at
its own discretion, by written notice to the Club, if the Club
finds itself under any of the circumstances below, or for any
other reason included in the Euroleague Club Licensing Rules:
a) In the season that has just finished, the Club has the
lowest ranking of all Clubs with an A Licence.
b) In the season that has just finished, the Club has ranked
among the clubs placed in the bottom half of the Domestic
Championship final standings. For the purposes of this
article, if the Domestic Championship has an odd number
of teams, the bottom half includes half plus 0.5.
c) In the case that the Club does not qualify for the
Euroleague Top 16 and refuses to participate in the
Eurocup within the same season, if it is entitled to in
accordance with the Eurocup competition system.
d) The Club fails to comply timely, accurately, completely
and in good faith with any material obligation derived
from this Licence Contract, the Euroleague Club Licensing
Rules, or any other Euroleague regulation, rule,
agreement or resolution of the governing bodies of EP,
ECA, and the Company;
e) The Club fails to comply with its duties towards EP, ECA or
the Company, as set down in the agreements and
commitments entered into with these companies,
prevents or obstructs the fulfilment of the contracts
entered into with EP, ECA and the Company (including but
not limited to the Audiovisual Rights Licence Agreements
and Sponsorship Agreements) or fails to comply with the
economic control rules approved by the General
Assembly.
f) During two consecutive seasons, the Club does not
manage to average at least 8,000 paid tickets throughout
the Euroleague season as established in the Euroleague
Bylaws. For the purposes of this clause, it will be taken
into account that the sale is effective, full-price, and
according to a reasonable pricing policy. It will be
evaluated if there is any evidence that the average of paid
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