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Title: |
Franchise Agreement |
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Entities: |
CEC Entertainment, Inc.; CEC Entertainment, Inc.; Nielsen Media Research, Inc. |
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Date: |
2004 |
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Size: |
Preview shows 11KB of 238KB total |
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Price: |
$96 |
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ID: |
#850929 |
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<SEQUENCE>3
<FILENAME>ex10f14th2003.txt
<DESCRIPTION>FRANCHISE AGREEMENT
<TEXT>
CEC ENTERTAINMENT, INC.
FRANCHISE AGREEMENT
[CITY, STATE]
4441 West Airport Freeway
Irving, TX 75062
<PAGE>
TABLE OF CONTENTS
RECITALS.......................................................................1
1. DEFINITIONS...............................................................1
2. GRANT OF RIGHTS...........................................................5
2.1 Grant............................................................5
2.2 Exclusivity......................................................5
2.3 Limitation of Rights.............................................6
3. FEES AND CONTRIBUTIONS....................................................7
3.1 Franchise Fee....................................................7
3.2 Royalty Fees.....................................................7
3.3 System Fund......................................................7
3.4 Payments and Taxes...............................................7
3.5 Overdue Payments.................................................8
3.6 Franchisor's Lien................................................8
3.7 Contribution Increases...........................................8
4. SITE SELECTION............................................................8
4.1 Criteria for Site Approval.......................................8
4.2 Approval by Franchisor...........................................9
4.3 Costs of On-Site Evaluation......................................9
4.4 Executed Lease or Purchase Agreement.............................9
4.5 Extensions.......................................................9
4.6 Relocation.......................................................9
5. CONSTRUCTION AND REFURBISHMENT...........................................10
5.1 Pre-Construction/Refurbishment Approval Criteria................10
5.2 Pre-Construction/Refurbishment Approval.........................11
5.3 Commencement of Construction/Refurbishment and Extensions.......11
5.4 Construction/Refurbishment......................................11
5.5 Opening Assistance..............................................12
5.6 Inspection......................................................12
5.7 Continuing Statements...........................................12
5.8 Installation of Animated Entertainment..........................12
5.9 Approval for Opening............................................12
<PAGE>
6. TRAINING.................................................................13
6.1 Minimum Training................................................13
6.2 Location and Expenses...........................................13
6.3 Additional Training.............................................13
7. OPERATION................................................................13
7.1 General Manager and Technician..................................13
7.2 Operational Policies............................................13
7.3 Suppliers.......................................................15
7.4 General Maintenance.............................................15
7.5 Maintenance of Animated Entertainment...........................15
7.6 Scheduled Refurbishment.........................................16
7.7 Inspection......................................................16
7.7.1 Testing................................................16
7.7.2 Recommendations........................................16
7.7.3 Failure to Correct Deficiencies........................17
7.8 Accounting and Records..........................................17
7.8.1 General Accounting Principles..........................17
7.8.2 Accounting Statements..................................17
7.8.3 Inspection of Accounting and Records...................17
7.8.4 Records of Ownership Interests in Franchisee...........18
7.8.5 Sales Records..........................................18
7.9 Internet........................................................18
7.10 Intranet........................................................19
8. ADVERTISING..............................................................20
8.1 General Requirements............................................20
8.2 Pre-Approved Advertising........................................20
8.3 New Advertising.................................................20
8.4 Minimum Advertising Expenditures................................20
8.5 System Fund.....................................................21
8.6 Advertising Cooperative.........................................22
9. REPRESENTATIONS AND WARRANTIES...........................................23
9.1 Representations, Warranties and Covenants of Franchisee.........23
9.1.1 Due Incorporation......................................23
9.1.2 Authorization..........................................23
9.1.3 Exclusivity............................................23
9.1.4 Execution and Performance..............................23
9.1.5 Corporate Documents....................................23
9.1.6 Ownership Interests....................................23
9.1.7 Stop Transfer Instructions.............................24
9.2 Financial Statements............................................24
<PAGE>
9.3 Franchisee's Principals.........................................24
9.4 Guarantee.......................................................24
9.5 Non-Competition During Term of Agreement........................25
9.6 Non-Competition after Termination or Non-Renewal of Agreement...25
9.7 Independent Covenants...........................................25
9.8 Additional Covenants............................................26
9.9 Guaranty........................................................26
9.10 Rights and Limitations to use Animated Entertainment............26
9.11 Non-Liability...................................................27
9.12 Performance by Franchisor.......................................27
9.13 Licensing of Musical Compositions...............................27
10. PROPRIETARY RIGHTS AND INFORMATION.......................................27
10.1 Confidential Information........................................27
10.1.1 Confidentiality Agreements.............................28
10.1.2 Improvements...........................................28
10.2 Proprietary Marks...............................................28
10.3 Copyrights......................................................29
11. TRANSFER OF INTEREST.....................................................30
11.1 Transfer by Franchisor..........................................30
11.2 Transfer by Franchisee..........................................30
11.2.1 General Requisites.....................................30
11.2.2 Right of First Refusal.................................31
11.2.3 Death or Disability....................................33
11.2.4 Public Offerings.......................................33
12. INSURANCE AND INDEMNITY..................................................34
12.1 Insurance.......................................................34
12.2 Indemnities.....................................................35
12.2.1 Indemnification........................................35
12.2.2 Notice and Counsel.....................................35
12.2.3 Settlement and Remedial Actions........................36
12.2.4 Expenses...............................................36
12.2.5 Third Party Recovery...................................36
12.2.6 Survival...............................................36
13. TERM, RENEWAL AND TERMINATION............................................36
13.1 Term............................................................36
13.2 Renewal.........................................................36
13.3 Termination.....................................................37
<PAGE>
13.3.1 Automatic Termination..................................37
13.3.2 Termination upon Notice................................38
13.3.3 Termination with Ten Day Notice........................40
13.3.4 Termination with Thirty Day Notice.....................40
13.4 Obligations upon Termination or Expiration......................40
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