Membership

Membership entitles a family, which includes grandparents, parents and children (all entitlements at sole discretion of the Club) a total of 9 hrs of shareable court time per week. For example, a family of four playing together on one court (quad play) for 1 hour per week would utilize 4 hrs of their allotted 9 hrs of court time. (It is just $15.50 per family Member per week for each of 4 family Members to be able to play 2.25 (9 hrs total) hours of racquet sports per week). Another example, one single member would be able to play 9 hrs/week based on quad play (4 PPL/court).

Your $1750 Membership Fee plus GST (for the Founding Members) and $255 plus GST per month, provides you with a Court Time Value of $6.49/hr for 9 hours per week!

Your reserved court time will be scheduled using Club AI software for fairness of court time distribution among the Members, and the hours will be prioritized in nine categories ranging from “peak” to “off peak”. Members will also have access to a swap board, utilized to exchange the court time(s) for their primary sport with available court time(s) in any other category of sport or within the same category of sport on an alternate day and/or time.

Member Only Access to approx. 72,000 square foot state of the art indoor/outdoor facility including:

• 22 indoor and 1 outdoor courts
• Locker Rooms
• First 100 Founding Members will have a dedicated Founding Member locker at no extra charge
• Gathering Lounges – indoor and outdoor
• Food and Beverage Options
• The future Arts Building (limited access)

PLUS limited access to: Sports Mall amenities including Daycare and the Grids Party Rooms, and with additional cost, access to Sports Mall tenants Marina Swim and Clip & Climb.

Daycare Members will have access to the Fitness Centre, all food and beverage options, the future Arts Building, Grids and (at extra cost) the Sports Mall swim and climb facilities.

MEMBERSHIP FEE

The current Membership Fee is $1,750 (for the Founding Members) plus GST of 5%. Membership Fees could escalate from time to time at the discretion of the Club, but not for at least 2 years.

PAYMENT OPTIONS

Payment in full of the Membership Fee is due by the Opening Date of the Club.

MONTHLY FEE

The monthly fee will be $255 plus GST for 2 years and will escalate annually in step with Canadian CPI plus any increases. The monthly fees must be paid by e-transfer.

ABOUT THE CLUB

Thank you for your interest in joining the Belvedere Sports Club (the “Club”) brought to you by Studio Events LTD. We plan to offer 2500 Memberships in the Club, which will be a private family club in the greater Vancouver area. The Club’s priority will be to provide an affordable family sports club experience.

SPONSORSHIP REQUIRED FOR MEMBERSHIP APPLICATION

Prior to your submitting a complete Membership Application, you will be required to provide proof of sponsorship either by an existing Founding Member or a Club Coach. Existing Founding Members will be limited to sponsorship of 3 potential Members at any one time.

MEMBERSHIP TERM GRANTED

Two (2) years from the later to occur of (i) the date the Founding Member Agreement submits its Membership Agreement and Membership Fee and (ii) the Opening Date.

TRANSFERABLE

A Founding Member may sell and transfer their Membership to a third-party, subject to the third-party purchaser first providing a completed Membership Application.

NO PLEDGE OR ENCUMBRANCE OF MEMBERSHIPS

Founding Members will be prohibited from pledging, mortgaging or otherwise encumbering their Founding Memberships.

All Members acknowledge that their main motivation in becoming Founding Members is to be entitled to access and use of the private Club facilities.