๐Ÿ’ Exhibit Sublicense Agreement - Cheeseburger

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Approval not a Warranty. If Sublicensee is able to identify the availability of such a policy, then, prior to obtaining the policy, Sublicensee shall provide notice to Sublicensor specifying the precise terms. Representations and Warranties. Sublicensor shall indicate on any copyright application in which the deposit specimen incorporates an element of Outback Property that the Outback Property is a preexisting work excluded from the scope of copyright sought. Ownership of Artwork. The policy shall provide for ten 10 days notice to Sublicensor from the insurer by registered or certified mail, return receipt requested, in the event of any modification, cancellation or termination of the insurance. With respect to matched print advertising, Sublicensee must provide Sublicensor with a copy of the advertisement as it appeared in any and all media promptly upon the first appearance of the advertisement in any medium.

Exhibit WHEREASSublicensee desires to use the Licensed Marks pursuant to the terms of this Agreement on or in connection with the development, decor, name, promotion and operation of a combined restaurant and bar concept to be designed, constructed and managed in accordance with the Cheeseburger Paradise concept and operating System and all elements thereofincluding without limitation, recipes, operating technologies, and Licensed Marks.

Licensed Marks and Newly Developed Marks. Third-Party Consents and Payments. Sublicensee will display on Products any legends, markings or notices that are required by law or that Sublicensor may reasonably request.

Within ten 10 days after the end more info each month during the Term of this Agreement, Sublicensee shall provide to Sublicensor a complete and accurate accounting statement for that month of its Net Sales relating to Products sold under this Agreement, said statement to be certified as accurate by Sublicensee.

The initial two appraisers shall in good faith attempt to agree on the appointment of a third appraiser within fifteen grateful lords of blackjack casino remarkable days of the expiration of the thirty 30 day period.

Jimmy Buffett and Sublicensee acknowledge that the Restaurant will have the non-exclusive right to use images related to Jimmy Buffett, e. Patent and Trademark Office for the goods or services on which the Licensed Mark is proposed to be used, then Sublicensee will bear the cost of jimmy 39; s steakhouse margaritaville bossier city the availability of the mark for use and registration and prosecution of any subsequent trademark application.

Sublicensor has the right and shall be given the opportunity to inspect each Restaurant at any time during its construction and after all construction and interior decor and fitting out is completed and each Restaurant is ready to open.

Indemnification by Sublicensee. Further, the overall quality of each. Notwithstanding the foregoing provisions of this Paragraph Termination and Cure of Breach.

No events can erode the coverage unless directly connected to the operation of the Restaurants. However, if Sublicensor provides Sublicensee with written confirmation that Sublicensee source use such submitted item, even after the expiration of a day period, Sublicensee is authorized, subject to the terms and conditions of this sublicense, to use the submitted item.

In the event they fail to so agree, two 2 appraisers shall be appointed within thirty 30 days following the date of the notice of exercise, one by Outback, and one by Sublicensor. The annual premium for the policy initially shall be paid by Sublicensee, provided that, at the end of each fiscal year during which the policy is in place, Sublicensee may deduct from the royalties payable to Sublicensor hereunder an amount equal to twenty percent of the total annual premium for the policy paid during such fiscal year.

Sublicensee agrees to furnish Sublicensor a certificate of insurance evidencing same within thirty 30 days after execution of this Agreement and, in no event, shall Sublicensee use the Licensed Marks prior to receipt by Sublicensor of such evidence of insurance.

In addition, Sublicensee has previously paid Holdings for consulting services. Determination of Fair Market Jimmy 39; s steakhouse margaritaville bossier city. For purposes of this AgreementSublicensee shall be deemed to have ceased development if Sublicensee has not, in any period of twenty-four 24 consecutive months, opened three 3 new Restaurants.

If any demand, claim or suit is asserted or instituted with respect to which a party may be entitled to indemnification under the foregoing provisions, such casinos 5 vegas dollar blackjack with will.

Third-Party Intellectual Property Claims. Sublicense Grant. Submission of Proposed Uses for Approval.

Sublicensor shall be entitled to receive and retain all amounts awarded as damages, profits or otherwise in connection with such suits. The parties acknowledge that Sublicensee has paid fees to Sublicensor pursuant to the Original Agreement.

If Sublicensee elects to first submit a design, which Sublicensor approves, Sublicensee must still, except with respect to matched print advertising, thereafter submit a prototype or sample for Sublicensor ' s approval.

If there is no agreement on the Fair Market Value, Outback and Sublicensor shall in good faith attempt to agree upon a mutually acceptable appraiser within fifteen 15 days following the date of the notice of exercise.

Jimmy 39; s steakhouse margaritaville bossier city, as long as Sublicensee is not in default of this Agreement, any default in the master license agreement from Jimmy Buffett to Holdings or the sublicense from Holdings to Sublicensor shall not constitute a default under this Agreement and Jimmy Buffett and Sublicensor shall recognize the full force and effect of this Agreement.

The cost of the third appraiser, if any, or the sole appraiser, in the event Outback and Sublicensor mutually agree upon a single appraiser, shall be borne equally by Outback and Sublicensor.

Holdings shall have the right to utilize royalties paid by Su blicensee, or any successor in interest or any transferee of any rights, without any restrictions. The Web Site may be used by Sublicensee in connection with promotional materials and the sale of Products by the Restaurant s. Restaurant shall not be less than that of either the existing Outback Steakhouse restaurants or existing Margaritaville Restaurants.

Video Simulcasts. If Margaritaville Holdings, LLC receives a transmission of a concert or other performance, of music performed by Jimmy Buffett, except for a transmission of a live concert or other live performance intended to be transmitted within a one 1 -mile radius, in the United States, Sublicensor shall cause Margaritaville Holdings, LLC to permit Sublicensee, if Sublicensee elects to do so, to have the transmission simultaneously broadcast to the Restaurants.

Sublicensor may also revoke an approval if the item subsequently proves to be unsafe, to be deficient in quality, to violate any law or to violate the rights of others that are subsequently learned to have existed at the time approval was granted.

Time is of the essence with respect to all payments to be made and interest at a rate of prime rate plus five 5 percent per annum, to be calculated monthly on the unpaid balance, or the maximum legal rate of interest, whichever is lower, shall accrue on any amount due Sublicensor calculated jimmy 39; s steakhouse margaritaville bossier city the date on which payment was due.

Third-Party Sublicenses. Ownership of Licensed Marks. Required Markings. Indemnification by Sublicensor. The calculation of net profits shall be based on generally accepted accounting principles unless the Sublicensor and Sublicensee agree to the contrary.

If the first two appraisers fail to agree upon a third appraiser within such fifteen 15 day period, either Outback or Sublicensor may demand the appointment of an appraiser be made by the then director of the Regional Office of the American Arbitration Association located nearest to Orlando, Florida, in which event the appraiser appointed thereby shall be the third appraiser.

Sublicensee shall pay to Sublicensor as consideration for the sublicense in this Sublicense Agreement of the Licensed Marks, a sublicense for all sales which are not the subject of paragraph 7.

Upon receipt of written notice from Sublicensor, Sublicensee shall have seven 7 days to cure any omissions of such legends, markings or notices. Failure to retain McBride and Company shall not constitute a breach of this Agreement.

Sublicensor shall have the exclusive right and option to purchase the entire and not less than the entire Membership Interest of Outback in Sublicensee for its Fair Market Value. Sublicensor or its representatives shall also have the right, at any time during normal business hours for the Restaurants, to inspect Products at the Restaurants or wherever Products are sold, and take a reasonable number of samples for purposes of quality inspection, and shall have the right to visit the plant or plants where the See more are made at any time during normal business hours for purposes of quality inspection.

Sublicensee shall pay Holdings fifty 50 percent of all net profits derived from licensing fees or royalties or any other form of revenue received by Sublicensee for use of the Licensed Marks on any product sold through jimmy 39; s steakhouse margaritaville bossier city channel of trade other than the Restaurants.

Additionally, Sublicensee shall immediately pay to Sublicensor the difference between the amount paid and the amount owed, plus interest at the prime rate. Exercise of Rights. Sublicensee shall keep complete and accurate books of account at its principal place of business covering all transactions relating to this Agreement.

In the event that any party objects to an alleged breach by another party, the party alleging the breach shall give detailed written notice of the alleged breach to the other party.

Sublicensee shall not denigrate or cause the denigration of the Licensed Marks, and shall not take any other action not approved by Sublicensor as provided herein that is harmful or potentially harmful to or which disparages, ridicules or demeans the goodwill and reputation of Sublicensor, Jimmy Buffett or the Licensed Marks. Rennert, via nationally recognized overnight courier service that obtains acknowledgment of receipt by the addressee. Notwithstanding the prior sentence, Sublicensee has the right to merge with another company and to sell any or all of its outstanding stock or member interest to another company. I nsurance. Sublicensee shall submit to Sublicensor, for approval, prototypes or samples of each Product, prior to the manufacture or dissemination of such Product. In any such event, Sublicensor shall have the right to use the Licensed Marks on any restaurant which is more than a 75 mile geographic radius mile from an existing Restaurant. Notwithstanding the foregoing. Such rights shall not be exercised in an arbitrary or capricious manner. Buyer shall be deemed to have resumed development pursuant to this Agreement. Sublicensor shall not denigrate or cause the denigration of any Newly Developed Marks or Outback Property, and shall not take any other action that is harmful or potentially harmful to or which disparages, ridicules of demeans the goodwill and reputation of Sublicensee, Outback, Outback Property, or the Newly Developed Marks. Cessation of Development. Each such accounting statement, which shall be in conformance with the reasonable requirements of Sublicensor, must be submitted whether or not any royalties have been earned during the accounting period. Assignability and Sublicensing. It shall not, however, be a breach of this Agreement if Sublicensor fails to return a prototype. Royalties and Fees. The Product shall be submitted with its proposed labeling and packaging, if possible, but no Product shall be deemed approved unless and until its labeling and packaging are also approved, if they are submitted separately. Sublicensee agrees reasonably to cooperate with Sublicensor in protecting the Licensed Marks, and for that purpose, Sublicensee will supply to Sublicensor or its representatives from time to time and at no charge such samples, containers, labels and similar material, and information regarding the Products or services offered under this Agreement, as reasonably may be required. If any appraiser initially appointed under this Agreement shall, for any reason, be unable to serve, a successor appraiser shall be promptly appointed in accordance with the procedures pursuant to which the predecessor appraiser was appointed. The denial of such a request on the ground that Sublicensee does not control the particular element of the Licensed Marks for which a use is sought, or on the ground that existing rights of a third party prevent approval of the request, shall not be deemed to frustrate the purpose of the grant of this Agreement. No Denigration. All Sublicensed Uses shall conform in all respects, including style, appearance, materials, contents, workmanship and overall quality, to the prototypes or samples that Sublicensor has approved in writing. Sublicensee shall, throughout the Term of this Agreement, obtain and maintain at its own cost and expense, from a qualified insurance company, standard liability and product liability insurance, the form of which must be acceptable to Sublicensor, naming Sublicensor and Jimmy Buffett as additional named insureds. Upon submission of a written request by Sublicensee to Sublicensor when Sublicensee has at least five Restaurants operating concurrently, Jimmy Buffett will transfer ownership of the Web Site to Sublicensee. If Sublicensee ceases development:. The sublicense granted pursuant to this Paragraph 7. Except as otherwise expressly permitted in this Agreement, Sublicensee shall not have the right to assign, transfer or sublicense any of its rights hereunder without the consent of Holdings, which Holdings may withhold at its sole discretion. Trademark and Copyright Protection and Infringements. Conformity of Sublicensed Uses to Approved Samples. Sublicensee shall obtain a license for the use by Sublicensee of any intellectual property owned or controlled by a third party which is neither Sublicensed pursuant to this Agreement nor created by Sublicensee. Sublicensee shall then, upon receipt of such further notice, immediately cease use of the particular Sublicensed Use s identified in the notice. Quality, Notices, Approvals and Samples. Written approval or disapproval shall be sent via facsimile or nationally recognized overnight courier service that obtains acknowledgment of receipt by the addressee. Statements and Payments. All books of account and records of Sublicensee relating to this Agreement shall be retained for at least four years after the end of each fiscal year to which they pertain. The royalty payable to Jimmy Buffett by Sublicensor shall be provided for in a separate document. Virgin Islands and Cuba. Outback and Sublicensor shall promptly provide notice of the name of the appraiser so appointed by such party to the other.