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EXHIBIT 10.64 MARKETING ALLOWANCE AGREEMENT

Advertising or Marketing Agreement

EXHIBIT 10.64     MARKETING ALLOWANCE AGREEMENT | Document Parties: MRS. FIELDS FRANCHISING, LLC | SHADEWELL GROVE IP, LLC You are currently viewing:
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MRS. FIELDS FRANCHISING, LLC | SHADEWELL GROVE IP, LLC

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Title: EXHIBIT 10.64 MARKETING ALLOWANCE AGREEMENT
Date: 3/22/2005

EXHIBIT 10.64     MARKETING ALLOWANCE AGREEMENT, Parties: mrs. fields franchising  llc , shadewell grove ip  llc
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EXHIBIT 10.64

 

 

MARKETING ALLOWANCE AGREEMENT

 

THIS MARKETING ALLOWANCE AGREEMENT (the “Agreement”) is entered into effective as of December 24, 2004, by and between MRS. FIELDS FRANCHISING, LLC, a Delaware limited liability corporation (“MFF”), and SHADEWELL GROVE IP, LLC (“Shadewell”).  MFF and Shadewell sometimes are referred to in this Agreement individually, as a “Party” and collectively, as the “Parties.”

RECITALS

WHEREAS , MFF and Shadewell are parties to several trademark license agreements including the license agreement of January 3, 2000 to develop, manufacture and sell shelf-stable cookies, the license agreement of February 21, 2001 to distribute and sell ready-to-eat pre-baked cookie product through other distribution channels, the license agreement of March 31, 2003 to package, distribute, market and sell chocolate chips, and other similar licensing agreement now being negotiated or recently executed regarding shelf-stable brownies and toppings (such license agreement, the “Brownie License”, and collectively with the other license agreements set forth in this paragraph, the “License Agreements”) that allow Shadewell to develop, produce and sell various products under the marks and trade names held by MFF or its affiliated entities (“Licensed Marks”) in exchange for the payment of royalties (these products are more precisely defined under each of the License Agreements as “Royalty Bearing Product(s)”);

WHEREAS , MFF desires to grant Shadewell certain one-time marketing allowances to be credited against royalty payments that would otherwise be made by Shadewell to MFF, which allowances shall be given under the terms and conditions set out herein (“Marketing Allowance”) to assist Shadewell to have additional marketing funding to further establish and promote the Royalty Bearing Products and MFF brand in the market; and

WHEREAS , Shadewell is willing to accept the Marketing Allowances to promote the Royalty Bearing Products and the MFF brand, and is willing to agree to the terms and conditions proposed by MFF to receive those Marketing Allowances;

AGREEMENT

NOW, THEREFORE , in consideration of the foregoing recitals and the mutual promises and covenants set forth herein, the Parties hereby agree as follows:

 

                1.             General Provisions and Terms .  All terms not otherwise defined in the Agreement shall have the meanings given similar terms in the License Agreements and Sections 15, 21 and 22 of the Brownie License shall be incorporated herein.

 

2.             First Marketing Allowance .  MFF hereby grants Shadewell an initial Marketing Allowance for the 2006 fiscal year of One Hundred Twenty-Five Thousand U.S. dollars ($125,000.00 USD) to promote the Royalty Bearing Products and MFF

 

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brand on the terms set forth herein.  This Marketing Allowance will be credited against the first royalty monies due to MFF from Shadewell during the 2006 fiscal year, beginning with the first quarter, which rebate will continue to be granted until the time the full amount outlined herein is realized by Shadewell.  Shadewell hereby agrees to use the Marketing Allowance in the manner and for the purposes as set out in Section 5 below.

 

3.             Second Marketing Allowance .  MFF hereby grants Shadewell an additional Marketing Allowance for the 2007 fiscal year


 
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