premise: A large audience of people seated at banquet tables is watching the happenings on a stage surrounded by blue curtains. hypothesis: The large audience is watching an award ceremony.
neutral: The first sentence does not describe what the people are watching on stage.  The word "happenings" does not imply an award ceremony.|neutral: You can not infer it is for an award.|neutral: Happenings on a stage aren't necessarily an award ceremony.