THE LEGAL STUFF (i.e., The Official Rules, Terms and Conditions of the JAZ® Tank Challenge) “You” or “Your” is you, whether an individual, group or organization. We also refer to You as “Contestant”. "Jefferson" is Thomas Jefferson University and its affiliates. Just so You know. “JAZ Tank” is the entire JAZ Tank Challenge and includes both the Business Plan Track and the Opportunity Track. I. ELIGIBILITY – ALL SUBMISSIONS MUST ADDRESS A HEALTH OR WELLNESS NEED A. The JAZ Tank “Business Plan Track” is open to individuals and groups of individuals, at least 18 years of age at the time of entry, who have formed a “Small Entity” AND the Small Entity has received no more than $500,000 in “Institutional Funding” from the time of the start of the Small Entity’s legal existence and no more than $150,000 in yearly gross revenues. A Small Entity is a corporation, limited liability company, partnership or other legal entity. Institutional Funding means any funding from friends & family, angel groups, VC’s, incubators or others than can be converted into equity (this includes convertible notes, etc.). Institutional Funding does not include non dilutive funding, such as grants. B. The JAZ Tank “Opportunity Track” is open to individuals or groups of individuals who are at least 18 years of age at the time of entry AND who are or have a least one team member who is an employee, faculty, student or alumni of Jefferson (this is TJUH, Abington, Aria & TJU) OR Kennedy Health or Philadelphia University (we refer to all of the above as the “Community”). C. If a team is entering the Business Plan Track of the JAZ Tank, it must appoint and authorize one individual who is the “Representative”. That Representative enters a “Submission” on behalf of the Small Entity. Your Submission includes the Business Plan Track form submitted through the JAZ Tank website and any other supporting documentation or videos You provide to Jefferson during the JAZ Tank. If a team is entering the Opportunity Track of the JAZ Tank, it must also appoint one individual to be the Representative. The Opportunity Track Representative must meet the eligibility requirements in Point B (i.e., the Representative must be an employee, faculty, student or alumni of the Community). By entering a Submission on behalf of a team or Small Entity, You represent and warrant that you are the Representative authorized to act on behalf of Your team or Small Entity. 1 21175v3 D. The JAZ Tank IS NOT open to individuals who are residents of, or Small Entities domiciled in, a country, state, province or territory where the laws of the United States or local law prohibits participating in the JAZ Tank or receiving a prize in the JAZ Tank. II. SUBMISSION RIGHTS and OBLIGATIONS You have some rights, but some obligations as well, in regards to Your participation in the JAZ Tank. They are: A. In the Business Plan Track any applicable intellectual property rights to Your Submission will remain with You, the Contestant, subject to the licenses described below in Section B and E. Opportunity Track finalists must be willing to sign an assignment of Your idea to Jefferson in return for Jefferson’s work to develop Your Opportunity Track idea (see Prizes Point C). B. By entering the JAZ Tank (either Track), You grant to Jefferson and any other third parties acting on the Jefferson's behalf, a royalty-free, non-exclusive, worldwide perpetual license to display publicly and use for promotional purposes the Submission, in perpetuity. This license includes, but is not limited to, posting or linking to the Submission on Community websites and applications, and display and promotion of the Submission in any other media, worldwide. C. All Submissions provided by You, as well as video tapings of Your presentations to Jefferson and the judges, may be made publically available by Jefferson, including on the respective websites of Jefferson or any of its affiliates and/or Philadelphia University and Kennedy Health. This means we don’t have to ask Your permission to make Your presentation publically available. D. You represent and warrant that Jefferson is free to use Your Submission in the manner described above, as provided or as modified by Jefferson, without obtaining permission or license from any third party and without any compensation to You. E. Your Submission must: (a) be Your (or Your team or Small Entity’s) original work product; (b) be solely owned by You, Your team, or Your Small Entity with no other person or entity having any patent, copyright, trade secret, trade dress, trade mark or other confidential or proprietary right or interest in it; and (c) not violate the intellectual property rights or other rights including but not limited to copyright, trademark, patent, contract, and/or privacy rights, of any other person or entity. A Contestant may contract with a third party for technical assistance to create the Submission provided the Submission components are solely the Contestant’s work product and the result of the Contestant’s ideas and creativity, and the Contestant owns all rights to them. A Contestant may submit a Submission that includes the use of open source software or hardware, 2 21175v3 provided the Contestant complies with applicable open source licenses and, as part of the Submission, creates software that enhances and builds upon the features and functionality included in the underlying open source product. By entering the JAZ Tank You represent, warrant, and agree that Your Submission meets these requirements. If You use any intellectual property of Jefferson, Kennedy or Philadelphia University in Your Submission (such as work done under a US grant, for example), Your Submission will not be solely owned by You, however Jefferson, Kennedy and/or Philadelphia University will grant You a license to use the intellectual property on reasonable, Jefferson standard terms. III. PRIZES (this is really important) A. If You are selected as a finalist in the Business Plan Track or the Opportunity Track, You must appear in person at the JAZ Tank Event on April 18th. Jefferson will not pay any for any travel expenses associated with Your appearance at the JAZ Tank. B. THE AWARD OF A PRIZE TO A POTENTIAL WINNER IS SUBJECT TO VERIFICATION OF THE IDENTITY OF THE PARTICIPANTS, ALL QUALIFICATIONS BEING MET AND EXECUTION OF THE REQUIRED FORMS (SEE THE NEXT SECTION FOR THE FORMS YOU MUST SIGN). Jefferson won't give You the prizes if You fail to do this. C. Winners will be announced at the end of the JAZ Tank. In order to receive ANY of the prizes, You (including all participating team members in the case of a team or Small Entity) will be required to sign and return to Jefferson, For the Business Track, an agreement, as provided by Jefferson, that lets Jefferson participate in the financing of Your Small Entity (Jefferson's participation will be on the same terms as whoever is giving You money). If You want a copy of the agreement, email us! For the Opportunity Track, an agreement, as provided by Jefferson, that lets Jefferson own and develop Your Opportunity Track idea, for which You will get 15% of net revenues that Jefferson receives if it sells a product that is developed from Your idea. If You want a copy of the agreement, email us! An affidavit(s) of eligibility (or a similar verification document) and liability/publicity release(s) as provided by Jefferson. Any applicable tax forms. The “Deadline” for returning the above (the "Required Forms") is ten (10) business days after the Required Forms are sent. 3 21175v3 D. Jefferson may deem a potential winner (or participating team members) ineligible to win if: the potential winner’s Representative or any participating member does not respond to Jefferson’s emails or fails to sign and return the Required Forms by the Deadline listed above, or responds and rejects the prize; the prize or prize notification is returned as undeliverable; or the Submission or the potential winner, or any member of a potential winner’s team or Small Entity, is disqualified for any other reason. In the event of a disqualification, Jefferson may, but is not obligated to, award the applicable prize to an alternate potential winner. E. Jefferson has the right to make a prize substitution of equivalent or greater value. Jefferson will not award a prize if the judges decide there are no eligible Submissions. F. A monetary prize, if applicable, will be mailed to the winning Representative’s address (if a Small Entity) after receipt of the Required Forms. Business Plan Track monetary prizes will not be issued to or mailed to individuals. It will be the responsibility of the winning Contestant’s Representative to allocate the prize among their team or Small Entity participating members, as the Representative deems appropriate. F. Jefferson will mail the monetary prize within 45 days of the receipt of the fully completed and executed Required Forms. G. Winners are responsible for reporting and paying all applicable taxes in their jurisdiction of residence (federal, state/provincial/territorial and local) in regards to Your prize. Winners are also responsible for complying with foreign exchange and banking regulations in their respective jurisdictions and reporting the receipt of the prize to relevant government departments/agencies, if necessary. Jefferson, and/or any prize provider reserve the right to withhold a portion of the prize amount to comply with the tax laws of the United States or other jurisdiction, or those of a winner’s jurisdiction. IV. ENTRY CONDITIONS AND RELEASE A. By entering the JAZ Tank, You (and, if you are entering on behalf of a team or Small Entity, each participating member) agree(s) to the following: 4 21175v3 The relationship between You, Jefferson, the judges and other third parties is not a confidential, fiduciary, or other special relationship. You will be bound by and comply with these Official Rules and the decisions of Jefferson and/or the judges, which are binding and final in all matters relating to the JAZ Tank. You release, and agree to indemnify, defend and hold harmless Jefferson, judges, and any sponsors, and their respective parent, subsidiary, and affiliated companies, the prize suppliers and any other organizations responsible for sponsoring, fulfilling, administering, advertising or promoting the JAZ Tank, and all of their respective past and present officers, directors, employees, agents and representatives (hereafter the “Released Parties”) from and against any and all claims, expenses, and liabilities (including reasonable attorneys’ fees), including but not limited to negligence and damages of any kind to persons and property, defamation, slander, libel, violation of right of publicity, infringement of trademark, copyright or other intellectual property rights, property damage, or death or personal injury arising out of or relating to Your Submission, Your participation in the JAZ Tank, Your acceptance or use or misuse of any prize (including any travel or activity related thereto) and/or the broadcast, transmission, performance, exploitation or use of Your Submission. B. Without limiting the foregoing, the Released Parties shall have no liability in connection with: any incorrect or inaccurate information, whether caused by Jefferson’s electronic or printing error, or by any of the equipment or programming associated with or utilized in the JAZ Tank; technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines, internet connectivity or electronic transmission errors, or network hardware or software or failure of the JAZ Tank website; unauthorized human intervention in any part of the entry process or the JAZ Tank; technical or human error which may occur in the administration of the JAZ Tank or the processing of Submissions; or any injury or damage to persons or property which may be caused, directly or indirectly, in whole or in part, from Your participation in the JAZ Tank or Your receipt or use or misuse of any prize. The Released Parties are not responsible for incomplete, late, misdirected, damaged, lost, illegible, or incomprehensible Submissions or for address or email address changes of the Contestants. Proof of sending or submitting will not be deemed to be proof of receipt by Jefferson. 5 21175v3 If for any reason Your Submission is determined to have not been received or been erroneously deleted, lost, or otherwise destroyed or corrupted, Your sole remedy is to request the opportunity to resubmit the Submission. Such request must be made promptly after You know or should have known there is a problem, and the acceptance of the submission and participation in the JAZ Tank will be determined at the sole discretion of Jefferson. V. GENERAL CONDITIONS (boring but read it anyway) A. Jefferson reserves the right, in our sole discretion, to cancel, suspend and/or modify the JAZ Tank, or any part of it, in the event of a technical failure, fraud, or any other factor or event that was not anticipated or is not within their control. B. Jefferson reserves the right in our sole discretion to disqualify any individual or Contestant it finds to be actually or presenting the appearance of tampering with the entry process or the operation of the JAZ Tank or to be acting in violation of these Official Rules or in a manner that is inappropriate, unsportsmanlike, not in the best interests of the JAZ Tank, or a violation of any applicable law or regulation. C. Any attempt by any person to undermine the proper conduct of the JAZ Tank may be a violation of law. Should Jefferson suspect that such an attempt has been made or is threatened, we reserve the right to take appropriate action including but not limited to requiring a Contestant to cooperate with an investigation and referral to law enforcement authorities. D. If there is any discrepancy or inconsistency between the terms and conditions of the Official Rules and disclosures or other statements contained in any JAZ Tank materials, including but not limited to the JAZ Tank Submission form, JAZ Tank website, advertising (including but not limited to television, print, radio or online ads), the terms and conditions of the Official Rules shall prevail. E. The terms and conditions of the Official Rules are subject to change at any time, including the rights or obligations of the Contestant and Jefferson. Jefferson will post the terms and conditions of the amended Official Rules on the JAZ Tank Website. To the fullest extent permitted by law, any amendment will become effective at the time specified in the posting of the amended Official Rules or, if no time is specified, the time of posting. F. If at any time prior to the deadline, a Contestant or prospective Contestant believes that any Official Rule is or may be unclear or ambiguous, they must submit a written request for clarification. G. Jefferson’s failure to enforce any term of these Official Rules shall not constitute a waiver of that provision. Should any provision of these Official Rules be or become illegal or unenforceable in any jurisdiction whose laws or regulations may apply to a Contestant, 6 21175v3 such illegality or unenforceability shall leave the remainder of these Official Rules, including the rule affected, to the fullest extent permitted by law, unaffected and valid. The illegal or unenforceable provision shall be replaced by a valid and enforceable provision that comes closest and best reflects Jefferson's intention in a legal and enforceable manner with respect to the invalid or unenforceable provision. H. Excluding Submissions, all intellectual property related to the JAZ Tank, including but not limited to copyrighted material, trademarks, trade-names, logos, designs, promotional materials, web pages, source codes, drawings, illustrations, slogans and representations are owned or used under license by Jefferson. All rights are reserved. Unauthorized copying or use of any copyrighted material or intellectual property without the express written consent of its owners is strictly prohibited. Any use in a Submission of Jefferson’s intellectual property shall be solely to the extent provided for in these Official Rules. VI. LIMITATIONS OF LIABILITY By entering a Submission, You (including, in the case of a team or Small Entity, all participating members) agree to be bound by these Official Rules and hereby release the Released Parties from any and all liability in connection with the prizes or a Contestant’s participation in the JAZ Tank. Provided, however, that any liability limitation regarding gross negligence or intentional acts, or events of death or body injury shall not be applicable in jurisdictions where such limitation is not legal. VII. DISPUTES (just in case!) A. You agree that, to the fullest extent permitted by law: any and all disputes, claims and causes of action arising out of or connected with this JAZ Tank, or any prizes awarded, shall be resolved individually, without resort to any form of class action; any and all disputes, claims and causes of action arising out of or connected with this JAZ Tank or any prizes awarded, shall be resolved exclusively by the federal or state courts located in the county of Philadelphia and You consent to the exclusive jurisdiction and venue of such courts; and under no circumstances will You be entitled to, and You hereby waive all rights to claim, any punitive, incidental and consequential damages and any and all rights to have damages multiplied or otherwise increased. SOME JURISDICTIONS DO NOT ALLOW THE LIMITATIONS OR EXCLUSION OF LIABILITY FOR INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE MAY NOT APPLY TO YOU. B. All issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules, or the rights and obligations of the Contestants and 7 21175v3 Jefferson in connection with the JAZ Tank, shall be governed by, and construed in accordance with, the laws of the Commonwealth of Pennsylvania, without giving effect to any choice of law or conflict of law rules, which would cause the application of the laws of any jurisdiction other than the Commonwealth of Pennsylvania. 8 21175v3
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