Common use of GRANT AND RESERVATIONS Clause in Contracts

GRANT AND RESERVATIONS. 2.1 Subject as provided below Peak grants to the Agent for the Term the exclusive right to negotiate with and grant manufacturers and other interested parties in the Territory Licences in relation to the manufacture and distribution in the Territory of merchandise pursuant to the terms of this Agreement. 2.2 The grant of rights shall not include the right to arrange for the manufacture of merchandise incorporating the Merchandising Rights for promotional purposes. 2.3 Without prejudice to the remaining provisions of this Agreement Peak reserves the right: 2.3.1 to vary its standard form licences in respect to any one or more prospective licensees; 2.3.2 at its sole discretion to decline without giving reasons to consenting to the Agent entering into any one or more Licences negotiated by the Agent on its behalf; 2.3.3 to work with Kidz Entertainment to negotiate and grant manufacturers and other interested parties Licenses in relation to the distribution of merchandise in the Territory; to exclude certain products included under this Agreement (see Schedule 1 Excluded Products);

GRANT AND RESERVATIONS. 2.1 Subject as provided below Peak grants to the Agent for the Term the exclusive right to negotiate with and grant manufacturers and other interested parties in the Territory Licences in relation to the manufacture and distribution in the Territory of merchandise pursuant to the terms of this Agreement. 2.2 The grant of rights shall not include the right to arrange for the manufacture of merchandise incorporating the Merchandising Rights for promotional purposes. 2.3 Without prejudice to the remaining provisions of this Agreement Peak reserves the right: 2.3.1 to vary its standard form licences in respect to any one or more prospective licensees; 2.3.2 at its sole discretion to decline without giving reasons to consenting to the Agent entering into any one or more Licences negotiated by the Agent on its behalf;, 2.3.3 to work negotiate with Kidz Entertainment to negotiate and grant manufacturers and other interested parties Licenses Licences in relation to the distribution of merchandise in the Territory; ; 2.3.4 to exclude certain products included under this Agreement (see Schedule 1 Excluded Products); 2.3.5 to arrange for the manufacture of merchandise including the Merchandising Rights for promotional purposes within the Territory.

GRANT AND RESERVATIONS. 2.1 Subject as provided below Peak grants to the Agent for the Term the exclusive right to negotiate with and grant manufacturers and other interested parties in the Territory Licences in relation to the manufacture and distribution in the Territory of merchandise pursuant to the terms of this Agreement. 2.2 The grant of rights shall not include the right to arrange for the manufacture of merchandise incorporating the Merchandising Rights for promotional purposes., unless approved by Peak 2.3 Without prejudice to the remaining provisions of this Agreement Peak reserves the right: 2.3.1 to vary its standard form licences in respect to any one or more prospective licensees; 2.3.2 at its sole discretion to decline without giving reasons to consenting to the Agent entering into any one or more Licences negotiated by the Agent on its behalf; 2.3.3 to work negotiate with Kidz Entertainment to negotiate and grant manufacturers and other interested parties Licenses Licences in relation to the distribution of merchandise in the Territory; ; 2.3.4 to exclude certain products included under this Agreement (see Schedule 1 Excluded Products); 2.3.5 to arrange for the manufacture of merchandise including the Merchandising Rights for promotional purposes within the Territory.

GRANT AND RESERVATIONS. 2.1 Subject as provided below Peak grants to the Agent for the Term the exclusive right to negotiate with and grant manufacturers and other interested parties in the Territory Licences in relation to the manufacture and distribution in the Territory of merchandise pursuant to the terms of this Agreement. 2.2 The grant of rights shall not include the right to arrange for the manufacture of merchandise incorporating the Merchandising Rights for promotional purposes. 2.3 Without prejudice to the remaining provisions of this Agreement Peak reserves the right: 2.3.1 to vary its standard form licences in respect to any one or more prospective licensees; 2.3.2 at its sole discretion to decline without giving reasons to consenting to the Agent entering into any one or more Licences negotiated by the Agent on its behalf; 2.3.3 to work negotiate with Kidz Entertainment to negotiate and grant manufacturers and other interested parties Licenses Licences in relation to the distribution of merchandise in the Territory; ; 2.3.4 to exclude certain products included under this Agreement (see Schedule 1 Excluded Products); 2.3.5 to arrange for the manufacture of merchandise including the Merchandising Rights for promotional purposes within the Territory.