Terms and Conditions for the Inaugural Beaten Zone Pitch Fest Event (1:30pm-6pm AWST, 28th August 2023)

Eligibility: The inaugural Beaten Zone Pitch Fest Event (“Event”) is open to individuals or teams who are Australian citizens or permanent residents of Australia. Participants must be at least 18 years old and agree to comply with these terms and conditions.

Self-Funding Travel and Accommodation: Participants are responsible for self-funding their own travel to and from Perth, Australia, as well as arranging their own accommodation. The organisers of the Event will not provide any financial assistance or reimbursements for these expenses, except as outlined in clause 4.

Pitch Fest Winners’ Travel and Accommodation: The winning team of the Event will have their travel and accommodation expenses covered by the organisers, up to the maximum value of AUD$5,000. The organisers will work with the winners to make necessary arrangements and facilitate the payment of these expenses in an appropriate and timely manner.

Travel and Accommodation Limitations: The reimbursement for travel and accommodation expenses, as stated in clause 3, will cover reasonable and documented expenses incurred by the winning team only. The organisers reserve the right to determine the reasonableness of the expenses and may request documentation for verification purposes.

Networking Mixer: All participants of the Event will be invited to a Networking Mixer held after the conclusion of the Event. The Networking Mixer will provide a complimentary drinks package, limited to beer and wine, for a duration of 3 hours (6pm-9pm AWST, 28th August 2023).

Compliance with Local Laws and Regulations: All participants are required to comply with Local, State and Federal laws and regulations during their participation in the Activity. The organisers will not be held responsible for any violations or legal issues arising from participants’ actions or behaviour during the Event.

Code of Conduct: Participants are expected to adhere to a professional and respectful code of conduct throughout the Event. Any behaviour deemed inappropriate, including but not limited to harassment, discrimination, or disruptive conduct, may result in disqualification and removal from the Event at the discretion of the organisers or venue staff.

Intellectual Property: Participants retain full ownership of their intellectual property rights in relation to their pitches or ideas presented during the Event. However, by participating in the Event, participants grant the organisers a non-exclusive, royalty-free license to use and distribute sanitised videography and photography of their pitch presentations as well as produce sanitised promotional material for advertising, marketing, and informational purposes.

Winning Pitch Prize: The winning team of the Pitch Fest Event will be offered an investment opportunity by “Beaten Zone Investment Manager Pty Ltd” in the form of a SAFE Note with a valuation cap and a discount. The investment amount will be AUD$500,000 subject to due diligence and negotiation with the winning team. The terms of the investment will be mutually agreed upon between the winning team and “Beaten Zone Investment Manager Pty Ltd.”

Limitation of Liability: The organisers of the Event will not be held liable for any loss, injury, or damages incurred by participants, including but not limited to travel-related incidents, accidents, or personal injury.

Beaten Zone Investment Manager Mandate Applicability: Applicants must satisfy the mandate (‘Early stage, sovereign businesses, developing solutions that enhance the lethality and survivability capability of the ADF and Australia’s Allies’) and investment criteria of Beaten Zone Investment Manager Pty Ltd subject to early stage venture capital limited partnership’s (ESVLCP) rules, to be eligible to participate in the Event.

Modification or Cancellation: The organisers reserve the right to modify, cancel, or suspend the Event at any time and for any reason. In the event of cancellation, participants will not be entitled to any compensation or reimbursement.

Governing Law: These terms and conditions shall be governed by and construed in accordance with the laws of the Western Australia, where the Pitch Fest is being held.

By participating in the Pitch Fest Event, participants acknowledge that they have read, understood, and agree to abide by these terms and conditions.