to CHRISTIE'S INTERNATIONAL REAL ESTATE businesses regardless of where such businesses are located, including within the Protected Territory;

• (e) to promote, sell, and distribute products, items, and other materials under the Marks or other trademarks through dissimilar channels of distribution (i.e., other than the operation of a CHRISTIE'S INTERNATIONAL REAL ESTATE office within the Protected Territory), including by electronic means such as the Internet, applications, by websites we may establish, catalog sales, telemarketing, or other direct marketing sales;
• (f) To advertise the System anywhere, including, without limitation, on the Internet (or any other existing or future form of electronic commerce) and to create, operate, maintain, and modify, or discontinue the use of a website or any online presence using the Marks; and
• (g) to engage in all other activities associated with the CHRISTIES INTERNATIONAL REAL ESTATE Marks not expressly prohibited under the License Agreement.

As indicated above, if the License Agreement does not designate a Protected Territory, then you have no territorial protection, we reserve all rights, and we and other Affiliates may operate real estate brokerages or other businesses under the CHRISTIE'S INTERNATIONAL REAL ESTATE mark anywhere.

Minimum Performance Requirement

Your rights under the License Agreement are dependent on you achieving the minimum performance requirements identified on Exhibit 1 to the License Agreement (referred to as the "Minimum Performance Requirement"). If you fail to satisfy the Minimum Performance Requirement during the term of the License Agreement, we have the right, but are not required, to terminate the License Agreement, or, in lieu of termination, modify or rescind any such territorial or protected rights.

Source: Item 23 — RECEIPT (FDD pages 54–177)