Royalty Agreement - Hansen's Juices Inc. and Hansen's Juice Creations
Law Offices ROSKY, LANDAU, STAHL & SHEEHY 8383 Wilshire Boulevard, Suite 828 Beverly Hills, California 90211 May 14, 1996 Hansen's Juice Creations 11777 San Vicente Boulevard Suite 860 Los Angeles, California 90049 RE: Royalty Agreements Gentlemen: Enclosed you will find the executed Operating Agreement of Hansen's Juice Creations, Limited Liability Company and the Royalty Agreements from Hansen's Juices, Inc. regarding the fresh juice royalties and from Hansen's Trust regarding all other products to be sold by Hansen's Juice Creations. This letter is to specifically set forth the understanding of both Hansen's Juices, Inc. and Hansen's Trust regarding the Royalty Agreements and what products are covered therein and conditions the enclosed Royalty Agreements. I. Regarding Hansen's Juices, Inc. it is the understanding of Hansen's Juices, that all juice products, i.e., fresh juice, juices in bottles, drinks prepared as a fresh juice drink from bag in the box and any other juice product which is sold by Hansen's Creations will be covered by the Royalty Agreement. This is the case even though the Royalty Agreement particularly sets forth the statement that the product is fresh juice and fresh juice product. 2. That any and all other products sold by the Hansen's Creations, i.e., coffee, baked goods, spreads, candy bars, any product purchased from any third party, whether with the Hansen's name or not, sold through the Hansen's Creations or any store owned or operated by Hansen's Creations and any other person will bear the one percent (1%) royalty to the Hansen's Trust. If this truly sets forth our understanding of all of the parties, please execute a copy of this letter and return it to this office. Said letter will become a part of the Royalty Agreements which are included herein. Respectfully, /s/ Burton S. Rosky Rosky, Landau, Stahl & Sheehy BSR/lyo Enc. cc: Hansen's Juices, Inc. Christensen, White, Miller, Fink, Jacobs Glaser & Shapiro, LAP IT IS HEREBY AGREE TO AS SET FORTH ABOVE. Dated: , 1996 Timothy Kane Dated: , 1996 Harvey Laderman </TEXT> </DOCUMENT> <DOCUMENT> <TYPE>EX-10 <SEQUENCE>9 <DESCRIPTION>AMENDMENT TO ROYALTY AGREEMENT MAY 9, 1997 <TEXT> AMENDMENT TO ROYALTY AGREEMENT dated April 26, 1997 THE ROYALTY AGREEMENT dated April 26, 1996, by and between Hansen's Juices, Inc., a California corporation as "LICENSOR" and Hansen's Juice Creations, LLC, as "LICENSEE" is hereby amended to provide that notwithstanding anything to the contrary in the Royalty Agreement dated April 26, 1996: 1. Notwithstanding anything in this Amendment to the contrary, Licensor shall be permitted to continue to sell without restriction pre-bottled juices. Further, Licensor shall have the right to sell non-bottled fresh or frozen fruit, fresh juices ("fresh juice" shall have the same meaning as defined in Paragraph 10.02 of the annexed Agreement of Purchase and Sale of Membership Interest) and smoothies to any entity so long as Licensor does not have reason to know that the purchaser of such product(s) intends to use such product(s) in a Taylor machine or similar machine. 2. LICENSEE shall have the exclusive right to supply: a. any and all non pre-bottled juices or juice based drinks that are sold under the "Hansen's(R)" Tradename or designation whereby such juices or juice-based drinks are supplied in bulk or blended on-site and are dispensed into cups or containers, rather than the sale of bottled drinks that are pre-bottled at LICENSOR'S facility; and b. any and all fresh or frozen fruit, non-bottled fresh or frozen juices, juice ingredients, smoothies or any non-bottle' or pre-bottled custom-blended juice-based product sold under the Hansen's tradename or any other tradename to the extent that said product or products are for use in a Taylor machine or similar machine. 3. LICENSEE shall purchase all of its requirements for juices, smoothies and purees, and all ingredients thereof, from LICENSOR to the extent such products are intended for use in a Taylor machine or similar machine. Such purchases shall be made on terms and conditions which are no less favorable to LICENSEE (including as to price, quality and payment terms) than the most favorable terms available to an independent third party. In addition, LICENSOR agrees to sell all such products that LICENSEE may need in accordance with the terms described in this section; provided, however, that LICENSOR shall have no obligation to develop or create new products for LICENSEE. IN WITNESS WHEREOF. the parties hereto have executed this Agreement as of this 9th day of May 1997. The Fresh Juice Company of California, a Delaware corporation By: /s/ Jeff Heavirland Name: Jeff Heavirland Title: PRES/CEO Hansen's Juice Creations, Limited Liability Company, a California limited liability company By: /s/ Harvey Laderman Chairman and Manager