Common use of General Release and Covenant Not to Sxx Clause in Contracts

General Release and Covenant Not to Sxx. THE LICENSEE HEREBY RELEASES SONIC, SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, AND THE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS OF SONIC, SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, FROM ANY AND ALL CLAIMS AND CAUSES OF ACTION, KNOWN OR UNKNOWN, WHICH MAY EXIST IN FAVOR OF THE LICENSEE AS OF THE DATE OF THIS AGREEMENT. IN ADDITION, THE LICENSEE COVENANTS THAT THE LICENSEE SHALL NOT FILE OR PURSUE ANY LEGAL ACTION OR COMPLAINT AGAINST ANY OF THE FOREGOING ENTITIES OR PERSONS WITH REGARD TO ANY OF THE FOREGOING CLAIMS OR CAUSES OF ACTION RELEASED PURSUANT TO THIS SECTION 27. Executed on the dates set forth below, to have effect as of ______________, _____. Licensor: Sonic Industries LLC By: _________________________________ 50 (Vice) President Date: ___________________, _____ Licensee: ____________________________________ Date:______________________,__________ _____________________________________ Date:_______________________, _____ Schedule I Guaranty and Restriction Agreement GUARANTY AND RESTRICTION AGREEMENT The undersigned (jointly and severally or individually, the “Guarantor”), Sonic Industries LLC (“Sonic”), and (the “Licensee”) enter into this Guaranty and Restriction Agreement (this “Guaranty”) as of , _____.

General Release and Covenant Not to Sxx. THE LICENSEE HEREBY RELEASES The Licensee hereby releases Sonic Corp., its subsidiaries, and the officers, directors, employees and agents of Sonic Corp. and its subsidiaries from any and all claims and causes of action, known or unknown, which may exist in favor of the Licensee as of the date of this Agreement. In addition, the Licensee covenants that the Licensee shall not file or pursue any legal action or complaint against any of the foregoing entities or Persons with regard to any of the foregoing claims or causes of action released pursuant to this Section 27. SONIC hereby releases the Licensee and its officers, directors, employees and agents from any and all claims and causes of action, known or unknown, which may exist in favor of SONIC as of the date of this Agreement, except for any claims for (a) unpaid moneys due SONIC or its Affiliates, (b) a material breach of the provisions of this Agreement regarding the Proprietary Marks, or (c) the violation of SONIC’s legal rights regarding the Proprietary Marks. In addition, SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, AND THE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS OF SONIC, covenants that SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, FROM ANY AND ALL CLAIMS AND CAUSES OF ACTION, KNOWN OR UNKNOWN, WHICH MAY EXIST IN FAVOR OF THE LICENSEE AS OF THE DATE OF THIS AGREEMENT. IN ADDITION, THE LICENSEE COVENANTS THAT THE LICENSEE SHALL NOT FILE OR PURSUE ANY LEGAL ACTION OR COMPLAINT AGAINST ANY OF THE FOREGOING ENTITIES OR PERSONS WITH REGARD TO ANY OF THE FOREGOING CLAIMS OR CAUSES OF ACTION RELEASED PURSUANT TO THIS SECTION shall not file or pursue any legal action or complaint against any of the foregoing entities or Persons with regard to any of the claims or causes of action released by SONIC pursuant to this Section 27. Executed on the dates set forth below, to have effect as of ______________, 200___. Licensee is converting the following license agreement, which originally expired on _____________________, ________ (select one): Number 4.0 ___ (converts to Number 4.4 License Agreement) Number 4.1 ___ (converts to Number 4.4 License Agreement) Number 4.2 Table I* ___ (converts to Number 4.4 License Agreement) Number 4.2 Table II ___ (converts to Number 4.4 License Agreement) Number 5.0 ___ (converts to Number 5.4 License Agreement) Number 5.1 ___ (converts to Number 5.4 License Agreement) *For conversions from Number 4.2 license agreements operating under the Table I royalty rate, as elected in the Number 4.2 license agreement, the original expiration date of the license agreement converted to the Number 4.2 license agreement, or the date elected to convert to the Table II royalty rate as allowed by Section 5.02(a)(3) of the Number 4.2 license agreement, whichever is earlier, was ___________________, _____. LicensorSONIC: Sonic Industries LLC By: _________________________________ 50 (Vice) President Date: ___________________, ____, 200__ Licensee: ____________________________________ Date:______________________,________, 200__ _____________________________________ Date:_______________________, ___200__ Schedule I Guaranty and Restriction Agreement GUARANTY AND RESTRICTION AGREEMENT The undersigned (jointly and severally or individually, the “Guarantor”), Sonic Industries LLC (“SonicSONIC”), and (the “Licensee”) enter into this Guaranty and Restriction Agreement (this “Guaranty”) as of , ___200__.

General Release and Covenant Not to Sxx. THE LICENSEE HEREBY RELEASES SONIC, SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, AND THE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS OF SONIC, SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, FROM ANY AND ALL CLAIMS AND CAUSES OF ACTION, KNOWN OR UNKNOWN, WHICH MAY EXIST IN FAVOR OF THE LICENSEE AS OF THE DATE OF THIS AGREEMENT. IN ADDITION, THE LICENSEE COVENANTS THAT THE LICENSEE SHALL NOT FILE OR PURSUE ANY LEGAL ACTION OR COMPLAINT AGAINST ANY OF THE FOREGOING ENTITIES OR PERSONS WITH REGARD TO ANY OF THE FOREGOING CLAIMS OR CAUSES OF ACTION RELEASED PURSUANT TO THIS SECTION 27. Executed on the dates set forth below, to have effect as of ______________, _____200. LicensorSonic: Sonic Industries LLC By: _________________________________ 50 (Vice) President Date: ___________________, _____ , 2007 Licensee: ____________________________________ Date:: ______________________,__________ _, 2007 ____________________________________ Date:_______________________, _____ , 2007 Schedule I Guaranty and Restriction Agreement GUARANTY AND RESTRICTION AGREEMENT The undersigned (jointly and severally or individually, the “Guarantor”), Sonic Industries LLC (“Sonic”), and (the “Licensee”) enter into this Guaranty and Restriction Agreement (this “Guaranty”) as of , _____200.

General Release and Covenant Not to Sxx. THE LICENSEE HEREBY RELEASES The Licensee hereby releases Sonic Corp., its subsidiaries, and the officers, directors, employees and agents of Sonic Corp. and its subsidiaries from any and all claims and causes of action, known or unknown, which may exist in favor of the Licensee as of the date of this Agreement. In addition, the Licensee covenants that the Licensee shall not file or pursue any legal action or complaint against any of the foregoing entities or Persons with regard to any of the foregoing claims or causes of action released pursuant to this Section 27. SONIC hereby releases the Licensee and its officers, directors, employees and agents from any and all claims and causes of action, known or unknown, which may exist in favor of SONIC as of the date of this Agreement, except for any claims for (a) unpaid moneys due SONIC or its Affiliates, (b) a material breach of the provisions of this Agreement regarding the Proprietary Marks, or (c) the violation of SONIC’s legal rights regarding the Proprietary Marks. In addition, SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, AND THE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS OF SONIC, covenants that SONIC CORP., AND THEIR SUBSIDIARIES AND AFFILIATES, FROM ANY AND ALL CLAIMS AND CAUSES OF ACTION, KNOWN OR UNKNOWN, WHICH MAY EXIST IN FAVOR OF THE LICENSEE AS OF THE DATE OF THIS AGREEMENT. IN ADDITION, THE LICENSEE COVENANTS THAT THE LICENSEE SHALL NOT FILE OR PURSUE ANY LEGAL ACTION OR COMPLAINT AGAINST ANY OF THE FOREGOING ENTITIES OR PERSONS WITH REGARD TO ANY OF THE FOREGOING CLAIMS OR CAUSES OF ACTION RELEASED PURSUANT TO THIS SECTION shall not file or pursue any legal action or complaint against any of the foregoing entities or Persons with regard to any of the claims or causes of action released by SONIC pursuant to this Section 27. Executed on the dates set forth below, to have effect as of ______________, 200___. The original expiration date of the license agreement converted to this Number 5.5 License Agreement was ________________, ______. LicensorSONIC: Sonic Industries LLC By: _________________________________ 50 (Vice) President Date: ___________________, ____, 200__ Licensee: ____________________________________ Date:______________________,________, 200__ _____________________________________ Date:_______________________, ___200__ Schedule I Guaranty and Restriction Agreement GUARANTY AND RESTRICTION AGREEMENT The undersigned (jointly and severally or individually, the “Guarantor”), Sonic Industries LLC (“SonicSONIC”), and (the “Licensee”) enter into this Guaranty and Restriction Agreement (this “Guaranty”) as of , ___200__.