Exhibit 10.1
Paramount's Kings Island
Vortex
CONCESSION LEASE AGREEMENT
This Agreement, made and entered into this 15th day of February, 2000, by
and between PARAMOUNT PARKS INC., a Delaware corporation (herein called
"Paramount") and RX TECHNOLOGIES (herein called "Lessee").
WITNESSETH:
In consideration of the mutual covenants, terms, provisions and conditions
herein contained, the parties hereto represent, warrant and agree as follows:
ARTICLE I
LICENSE AND TERM
Paramount owns and operates a theme park known as Paramount's Kings Island
(the "Park") located in King's Island, Ohio.
Paramount hereby licenses to Lessee, and Lessee hereby licenses from
Paramount, the premises in the Park described in Exhibit A attached hereto
(herein called "Premises") together with ingress and egress for a period
commencing as of 1 April 2000 and ending 1 November 2000, which period is herein
called the "term" of this Lease Agreement.
Except as specifically set forth herein, no easements, appurtenances,
hereditaments, or other rights or interests whatsoever, are licensed or
otherwise granted hereby in the Park.
ARTICLE II
USE OF PREMISES
Lessee shall operate four (4) locations (herein called "Exhibit") on the
Premises for the purpose of producing and selling photographs of guests, as well
as providing the service of transmitting those pictures via e-mail, at the
Beast, Vortex, Outer Limits, and Taxi Jam rides as further set forth and
described on Exhibit A hereto. Lessee may not use the Premises for any other
purpose or conduct without the prior written consent of Paramount.
In case any doubt arises regarding the proper use of the Premises, Lessee
will submit a request in writing to Paramount for an interpretation and
determination of its rights under this Article. Paramount's decision thereon in
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writing, based upon the operating plans and policies of the Park and based upon
the description of Lessee's Exhibit hereunder, shall be final; provided that
such determination shall be in the sole discretion of Paramount. Lessee shall
not take any action without receiving, or in contravention of, such
determination.
All items to be sold or given away and all items used in the preparation
of items so sold or given away at Lessee's Exhibit shall be of the highest
quality. Paramount reserves the right to prohibit Lessee from distributing items
which are not, in its sole discretion, of the highest quality or the
distribution of which, in its sole discretion, is not consistent with the
reputation of the Park.
All items sold by Lessee at the Park shall be sold at prices mutually
agreed upon by Paramount and Lessee.
ARTICLE III
CONSTRUCTION AND INSTALLATION OF EXHIBIT
Lessee shall plan, install and erect any additions to and improvements
upon the Premises required for the Exhibit. Such improvements shall be of the
highest quality, of sound and safe structure, and in accordance with the
policies, motifs, designs, and overall planning for the Park and the particular
theme areas thereof in which such improvements shall be installed. Improvements
made by Lessee shall be subject to Paramount's prior written approval.
Lessee agrees to promptly reimburse Paramount for all construction costs
incurred based on cost estimate mutually agreed upon by both parties.
Lessee agrees to incorporate to Paramount's satisfaction and at its own
cost new technology into the Exhibit as it becomes available in order to
maximize revenues.
ARTICLE IV
TITLE TO TRADE FIXTURES, IMPROVEMENTS, EQUIPMENT
Any improvements, other than trade fixtures installed on the Premises by
Lessee with Paramount's prior approval, made on or to the Premises, shall, upon
termination of this Lease Agreement, become a part of the Premises, title to
which shall be vested in Paramount. Upon the termination of this Lease
Agreement, Lessee shall have the right to remove all trade fixtures installed by
Lessee, title to which it has retained, from the Premises and shall, at its
expense,
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repair and restore the Premises (including all improvements thereto) to the same
condition as before such fixtures were installed, ordinary wear and tear
excepted.
ARTICLE V
ALTERATIONS
Paramount reserves the right to make any changes, alterations,
improvements or additions near or around the Premises. Such changes may include
changes in the exterior design of any structures and changes in location of
streets, sidewalks and other outdoor facilities. Lessee shall not be entitled to
any damages or compensation on account of any of the foregoing.
Lessee shall make no alterations, additions or improvements to the
Premises or any structures thereon or add any improvements or equipment without
the prior written consent of Paramount.
ARTICLE VI
ACCESS OF PARAMOUNT
Paramount, its agents and employees retain the right to enter upon and
inspect all portions of the Premises and Exhibit at any reasonable time. In the
event entry is necessary and Lessee is not present to permit such entry,
Paramount may enter the Premises, forcibly or otherwise, without rendering
itself or its agents or employees liable to any claim or cause of action for
damages, except as provided below, and without affecting the obligations and
covenants of this Lease Agreement. In the event Paramount's action causes damage
to Lessee's property upon the Premises, Paramount shall repair or replace such
damaged property unless such action was necessitated by Lessee's negligence or
willful misconduct.
Paramount shall have the right to enter upon the Premises to accomplish
such work as may be necessary to preserve the walls, structure, or other parts
of the Premises or its contents from damage.
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ARTICLE VII
REPAIRS; MAINTENANCE
Paramount shall keep and generally maintain buildings and equipment on the
Premises in good condition and repair, keeping and maintaining the same in a
safe, sanitary and workable condition. Lessee shall, at its expense, maintain
all trade fixtures in a safe, sanitary and workable condition.
ARTICLE VIII
UTILITIES
Paramount shall provide all water and electricity required to operate the
Exhibit during the term of this Lease Agreement, provided that Paramount shall
not be responsible if circumstances beyond its control result in any disruption
in such services.
Lessee shall pay for administrative (support) services, which include, but
are not limited to, long distance telephone service, faxes and copying.
ARTICLE IX
PAYMENT AND FINANCIAL REPORTS
In consideration of the license and use of the Premises and the mutual
covenants, terms and provisions contained in this Lease Agreement, Paramount
shall be entitled to an amount equal to forty-five (45%) of Lessee's gross sales
at the park during the term of this lease agreement. Gross sales shall include
all monies and other things of value received by or paid to Lessee.
In determining gross receipts from the Exhibit's sales, there shall not be
included therein the amount of any sales tax, dishonored checks, credit card
charge backs or refunds made in the ordinary course of business. Paramount shall
remit any sales tax collected on sales of the Exhibit to the proper taxing
authority.
All sales made by Lessee at the Park shall be rung on a cash register
specified by Paramount and provided by Lessee. Lessee shall deliver all receipts
to the Park's Accounting Department at the close of each business day. On a
weekly basis and in accordance with the Park's general accounting schedule,
Paramount shall remit to Lessee, Lessee's
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share of the gross receipts made by Lessee less any amount owed to Paramount
hereunder. Any shortage of gross receipts shall be the responsibility of Lessee.
Paramount and its accountants shall have full access at reasonable times
to examine the books, cash registers, accounts, vouchers, working papers and
other records of Lessee pertaining to the operation of the Exhibit for the
purpose of checking and/or verifying the gross receipts of the Exhibit and any
other information pertinent to this Lease Agreement.
ARTICLE X
OPERATION OF EXHIBIT
Lessee shall operate its Exhibit using its best efforts, skill and
diligence in the conduct of its business, and Lessee shall maintain sufficient
materials, supplies and merchandise in stock, an adequate sales force, and
regulate its employees and servants so that they will be courteous and helpful
to the public. Paramount shall have the right to participate in the operation of
the Exhibit to the extent it deems necessary to ensure the quality of the
operation.
Lessee shall provide and employ the operating personnel to operate the
Exhibit, and Paramount and Lessee shall mutually determine the number of
personnel necessary to adequately operate the Exhibit. Lessee and Paramount
shall mutually determine the special skills required, if any, for such
personnel. Lessee agrees to train and supervise such personnel. Such personnel
shall be employed by Lessee. Paramount will attempt to inform Lessee of all
pertinent laws and regulations (labor and general), both Federal and State,
applicable to the Exhibit, provided that Paramount shall assume no obligation or
responsibility for Lessee's compliance with such laws or regulations regardless
of whether Paramount has or has not so informed Lessee. Lessee agrees to abide
by all such laws and regulations.
Lessee shall keep the Exhibit fully open for business during every day of
the week, including Sundays and legal holidays, in accordance with the hourly
and daily schedule of the Park to be issued by Paramount; Lessee shall operate
the Exhibit during the hours and on the days set forth in said schedule as
issued from time to time.
Lessee shall keep upon the Premises at all reasonable times at least one
qualified representative, authorized to represent and act for Lessee in matters
pertaining to the operation of, or other questions arising in connection with,
the Exhibit and Premises and shall keep Paramount informed in writing of the
identity of such persons. In the event
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Paramount so requests, Lessee shall promptly replace its qualified
representative with another individual reasonably suitable to Paramount.
Lessee and Paramount shall mutually agree upon costumes for all line
personnel. If the costumes are provided by Paramount, Lessee shall reimburse
Paramount for any loss of or damage to the costumes during the operating
seasons, ordinary wear and tear excepted. Lessee agrees to have its management
personnel and qualified representatives dress in the manner appropriate to the
Park's image.
Lessee agrees to have all personnel abide by Paramount's employment
policies, a copy of which will be provided to Lessee.
Lessee agrees not to employ nor seek to employ, directly or indirectly,
any employee of Paramount within 90 days of that employee's termination, without
the prior written consent of Paramount. If Lessee breaches this provision,
Lessee agrees to pay Paramount liquidated damages in the amount of twice the
annual salary of the employee (while employed by Paramount). Any former
Paramount employee hired by Lessee to operate the Exhibit must have a
satisfactory rehire status from Paramount.
The parties acknowledge that the equipment provided under this Lease
Agreement shall, at all times, be in the care, custody and control of Lessee.
Consistent with same, Lessee, at all times shall assume full responsibility and
liability for said equipment.
ARTICLE XI
ADVERTISING, PUBLICITY, SIGNS
Lessee shall not have the right to use, and shall not use, in any way or
for any purpose, the names or any similar name nor any characters, designs,
symbols, representations, figures, drawings, ideas, or other matter or materials
developed, held or owned by Paramount, except that during the term of this Lease
Agreement Lessee may use photographs or other representations of the Exhibit or
of the Park in connection with advertising or publicity; provided, however, that
Paramount shall have the right to approve any such photographs or
representations as set forth below. Prior to the exercise of any right set forth
in this Article, Lessee shall submit to Paramount all advertising copy, all data
in connection with its advertising programs, all art work and all other
advertising or promotional material together with a statement as to the use of
which the same will be put and the media through which, and the period of time
during
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which, it will be exhibited, distributed, and displayed. Lessee shall not use
any of the same without first obtaining in writing in each and every case the
specific approval of Paramount. Lessee shall affix any and all copyright notices
required by law in connection with the exercise of any rights set forth in this
Article.
ARTICLE XII
INSURANCE
Lessee shall, throughout the term of this Lease Agreement, maintain at its
own cost an insurance policy or policies indemnifying and holding harmless
Paramount, its officers, agents and employees from, for and against any loss or
liability whatsoever incurred as a result of any event occurring upon the
Premises or occurring by reason of Lessee's operations from or occupancy of the
Premises, whether such event, in the latter case, occurs on or off the Premises.
Paramount shall be named an additional insured in said policy or policies.
Said policies shall be written by responsible insurance companies
satisfactory to Paramount, and shall have minimum comprehensive general
liability limit for Product/Completed operations and for bodily injury of
$1,000,000 each occurrence and $1,000,000 each aggregate; property damage limit
of $l00,000 each occurrence and $100,000 each aggregate; a minimum comprehensive
automobile liability limit of $250,000 each person and $250,000 each occurrence;
and minimum property damage limit of $l00,000 each occurrence. Policies will
provide written notice to Paramount of cancellation or of any material change in
said policy 30 days in advance of the effective date thereof.
Lessee shall also insure any improvements and equipment it adds to the
Premises, and its contents, in accordance with standard fire and extended
coverage insurance policies then in effect for similar businesses, the proceeds
of which shall be payable to Paramount and Lessee in proportion to their
respective interests.
Lessee shall provide statutory Xxxxxxx'x Compensation Insurance, Social
Security, Unemployment Insurance, and such other benefits as may be required by
law to its employees. Lessee shall submit evidence thereof to Paramount and
display such certificates on the Premises as may be required by law.
ARTICLE XIII
TAXES AND ASSESSMENTS
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Paramount shall pay all real estate taxes, assessments, or levies against
the real property upon which the Premises is situated and shall be responsible
for the conformance of such improvements to all applicable laws and regulations.
Lessee shall pay all other taxes, licenses and permit fees in connection with
the Premises and operation of the Exhibit.
ARTICLE XIV
RULES AND REGULATIONS
Lessee shall comply with and shall cause its agents, employees, invitees,
guests and licensees to comply with such Rules and Regulations as may be from
time to time published by the Park and/or Paramount.
Lessee shall at all times during the term of this Lease Agreement keep a
copy of such Rules and Regulations posted in a conspicuous place on the
Premises. Lessee shall at all times during the term of this Lease Agreement, and
shall cause its agents, employees, invitees, guests and licensees, to comply
with and abide by the Park's safety procedures and all aforementioned persons
will be under jurisdiction of the Park's Safety Manager.
ARTICLE XV
VEHICLE TRAFFIC, PARKING
Paramount shall regulate all traffic within the Park including the
operation and parking of vehicles of Lessee, its invitees, licensees and
patrons. Paramount shall specify from time to time in its Rules and Regulations
the regulations pertaining to the foregoing. Paramount shall provide Lessee
ingress and egress to Lessee's designated receiving door for the purpose of
receiving and shipping merchandise in such manner and at such times as Paramount
may reasonably determine. All vehicles entering the Park shall be subject to
inspection by the Park's Security Department. All vehicles delivering
merchandise on Park's property will be issued a gate pass and shall be required
to stop at the receiving department for vehicle inspection prior to leaving the
Park. The gate pass must be stamped by the receiving department and returned to
the security gate for exit clearance.
ARTICLE XVI
ASSIGNMENT, SUBLEASE, TRANSFER, LIEN
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Lessee shall not sublicense any part of the Premises, or assign, transfer
or encumber in any manner this Lease Agreement or any right, privilege, license
or interest conferred hereby.
Paramount may assign or otherwise transfer this Lease Agreement or any
portion hereof from time to time, and such transfer shall bind and inure to the
benefit of its successors and assigns. It is agreed that Paramount is
contracting the technical skills and expertise of the management and employees
of Lessee and any significant change in ownership or management of Lessee shall
require the consent of Paramount as if such change constituted an assignment of
this Lease Agreement.
Neither this Lease Agreement, nor any right, privilege, license or
interest conferred hereby shall be transferable by operation of law, by reason
of any bankruptcy, bankruptcy act, insolvency, receivership proceedings,
attachment, execution, other judicial process or sale by or against Lessee,
whether any of the same be voluntary or involuntary or judicial proceedings.
Lessee shall not permit any lien to be imposed upon the Premises or upon
any structures or improvements thereon. In the event a lien is imposed, Lessee
shall cause it to be discharged promptly. Lessee shall indemnify Paramount for
any loss, expense or cost incurred by it in connection with any such lien.
Paramount retains the right to create, or permit mortgages, trust deeds,
or other encumbrances to be imposed against and upon the Premises, any
improvements thereon or interests therein, except against property owned by
Lessee, which encumbrances, including principal, interest and costs and expenses
in connection therewith, shall be prior to and superior to the interest of
Lessee hereunder, and Lessee hereby agrees that this Lease Agreement is subject
and subordinate to any such mortgage, trust deed or other encumbrance.
ARTICLE XVII
INDEMNITY OF PARAMOUNT
Lessee, for itself and on behalf of its officers, directors, employees and
agents shall forever hold harmless Paramount (as used in this Article XVII,
Paramount shall include its parent corporation and affiliated companies and
their respective officers, directors, employees, affiliates, and agents) and
shall indemnify and defend Paramount against and from any and all liabilities,
claims, penalties, forfeitures, suits, damages, losses, actions, judgments and
all costs and expenses incident thereto, including, without limitation,
reasonable fees and disbursements of attorneys or
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consultants, arising, directly or indirectly, out of, in connection with or upon
the Premises, or the use or occupancy thereof or in the operation of the
Exhibit, except any of the foregoing caused by the willful misconduct or gross
negligence of Paramount.
ARTICLE XVIII
COMPLIANCE WITH LAWS
Lessee shall conduct itself, its business on the Premises and maintain the
Premises and Exhibit in compliance with all applicable federal, state and local
statutes, laws, ordinances, regulations, rules and any other legal requirements,
including, without limitation, the provisions of all federal, state and local
health, safety, transportation, and environmental laws and regulations, and
shall obtain all necessary permits, licenses and other consents necessary in
connection with the operation of the Exhibit. Lessee shall at all times be
responsible for the protection of persons and property and for maintaining
appropriate precautions and programs in connection with the operation of the
Exhibit.
ARTICLE XIX
DAMAGE AND DESTRUCTION OF PREMISES
In the event the Premises are destroyed, or the Park closed because of any
governmental action, whether legislative, judicial or executive, war, civil
disturbance, Act of God, fire, strike or other labor difficulty, except if
caused by Lessee, its officers, agents, employees, invitees, licensees or
patrons, and except if the same arose upon, or in connection with use of, the
Premises, the obligations of both parties to this Lease Agreement shall be
suspended during the period while the Premises are unusable and resume
thereafter. No compensation or claim whatsoever will be paid or payable by
Paramount by reasons of any loss or liability arising out of the foregoing. If
the Premises are destroyed or damaged by Lessee, its agents, employees,
invitees, licensees or patrons, Lessee shall be responsible for the costs
incurred by Paramount in repairing and restoring the Premises.
ARTICLE XX
DAMAGE WAIVER
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Lessee hereby expressly waives all claims of whatever nature for any or
all loss or damage sustained by reason of any defect, deficiency, failure or
impairment of any services to or in the Premises, including but not limited to
the water supply system, heating system, wires leading to or inside the
Premises, gas or electric or telephone which may occur from time to time from
any cause. Lessee hereby expressly releases and discharges Paramount, its
officers, agents, and employees from all demands, claims, judgments and causes
of action arising from any matter mentioned above in this Article.
ARTICLE XXI
SURRENDER OF PREMISES
Upon completion of term of this Lease Agreement, or upon early termination
thereof for any reason whatsoever, Lessee shall peaceably and quietly surrender
and deliver possession of the Premises to Paramount in good condition, ordinary
wear and tear permitted. If Paramount is due any monies, Paramount has the right
to withhold the equipment until said monies are paid in full. Otherwise,
Paramount will release and return (at Lessee's expense) all equipment remaining
on-site owned by Lessee.
ARTICLE XXII
NOTICES
All notices required or permitted to be given hereunder shall be in
writing, shall be effective upon receipt, and shall be delivered in person or
sent by Federal Express or similar courier or by United States mail, with
postage thereon prepaid, certified, addressed to Paramount Parks, Attention: Xxx
X. Xxxxxx, Executive Vice President and General Manager, Paramount's Kings
Island, 0000 Xxxx'x Xxxxxx Xxxxx, Xxxx'x Xxxxxx, Xxxx 00000; with a copy to
Paramount Parks Inc., 0000 Xxx Xxx Xxxx., Xxxxx 000, Xxxxxxxxx, XX 00000,
Attention: General Counsel and to Lessee at Attention: Xxx Xxx, X.X. Xxx 0000,
Xxxxxxxxxx, XX 00000-0000.
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ARTICLE XXIII
ENTIRE AGREEMENT
This Lease Agreement constitutes the entire agreement between the parties
and supersedes all agreements previously executed between the parties. This
Lease Agreement may not be modified except by written instrument executed by the
parties hereto.
ARTICLE XXIV
WAIVER
Waiver, whether by omission, commission or otherwise, at any time or from
time to time, of a partial or total breach of any of the terms, conditions or
covenants of this Lease Agreement shall not be deemed a waiver of any subsequent
breach of the same or any other term, condition or covenant. Receipt by
Paramount of payment from Lessee with or without knowledge of a breach of any
term, condition or covenant hereof, shall not be deemed a waiver of such breach,
nor shall failure to exercise any right hereunder by Paramount be deemed a
waiver of such breach.
ARTICLE XXV
RELATIONSHIP OF PARTIES
The relationship between the parties hereto is that of Lessor and Lessee
and of independent contracting parties, and is not, and shall not be deemed to
be, any other relationship, including without limiting the generality thereof,
that of joint venturers, partners or principal and agent.
ARTICLE XXVI
APPLICABLE LAW
This Lease Agreement is to be construed in accordance with the applicable
laws and rules of the state of Ohio.
ARTICLE XXVII
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SEPARABILITY
In the event any term, provision, clause, article, condition or other
portion of this Lease Agreement be held unenforceable, invalid or void, the same
shall not affect any other term, provision, clause, article, condition or other
portion of this Lease Agreement, but the remainder of this Lease Agreement shall
be effective as if such term, provision, clause, article, condition or other
portion had not been contained herein.
ARTICLE XXVIII
TERMINATION
Either party may, in addition to all other legal and equitable remedies
available to it, terminate this Lease Agreement in the event the other Party
shall fail to perform any of the covenants, terms, or conditions hereof to be
performed by such other Party and such nonperformance shall continue for a
period of thirty (30) days after notice thereof. In the event such performance
cannot be reasonably completed or performed within such thirty (30) day period,
the aggrieved Party may terminate this Lease Agreement only if the Party in
default shall not in good faith have commenced such performance within such
thirty (30) day period, or if commenced, shall not have diligently proceeded
therewith to completion.
Upon notice of termination, this Lease Agreement and the rights granted to
Lessee shall terminate immediately as if the giving of such notice were the date
fixed for the expiration of the Lease Agreement.
ARTICLE XXIX
RELOCATION OF EXHIBIT
It is recognized that the proper site selection is beneficial to and in
the best interests of both parties; provided, however, Paramount shall have the
right to relocate the operation of any Exhibit during the term of this Lease
Agreement in the event such relocation be in the best interests of the Park. In
the event a relocation is necessary, Paramount shall provide Lessee 30 days
prior written notice and shall provide a new site of substantially similar
quality. The expenses of any such relocation shall be paid by Paramount.
ARTICLE XXX
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AGREEMENT NOT TO COMPETE
Lessee hereby expressly agrees that during the term of this Lease
Agreement or any extension thereof, Lessee shall not, directly or indirectly,
sell or assist in the sale of same or similar product(s) as sold in the Park
within a 50-mile radius of the Park during the operating season of the Park,
except as otherwise agreed to in writing by Paramount.
ARTICLE XXXI
CONFIDENTIALITY
In the event either party receives any confidential information, such
party agrees to hold such information in confidence until such time as it is
made available to the public with the consent of such other party. In no event
shall either party release to any third party any terms or conditions of this
Lease Agreement without the written consent of the other party. This paragraph
shall survive termination of this Lease Agreement.
ARTICLE XXXII
ENVIRONMENTAL PROVISIONS
Lessee shall keep the Premises and Exhibit free from accumulation of any
hazardous, solid, special or toxic wastes or substances, chemicals, cleaning
substances and/or other materials (collectively "Materials") and, upon
termination of this Lease Agreement, shall remove all Materials used, handled or
generated by its operations/activities from the Premises.
Lessee shall assume legal title and liability for the handling,
transporting, storing, treating, disposing, and other future management
(collectively "Management") of any Materials used, handled or generated by
Lessee in connection with this Lease Agreement. Lessee shall at its sole cost
undertake proper Management of the Materials.
Lessee shall, at its sole cost: (i) obtain and comply with all permits,
licenses, registrations, authorizations and approvals -- including without
limitation air permits, wastewater (NPDES) permits, EPA generator identification
number -- required for the operation of the Exhibit (collectively "Permits"),
(ii) properly complete any manifests, waste profiles, and similar documents
required for the Management of Materials (collectively "Manifests"), (iii) shall
provide copies, with all required signatures, of any and all Permits and
Manifests to Paramount, and (iv) coordinate all Management of Materials with
Paramount's Loss Prevention Office.
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Lessee shall provide to Paramount emergency telephone number(s) and
contact person(s), on a 24-hour basis.
Lessee shall assign personnel to perform the Management of Materials who
are fit, qualified and competent to properly perform their assigned tasks, and
Lessee shall properly supervise such personnel. Lessee shall promptly remove and
replace any person not so fit, competent and qualified upon Paramount's request.
Notwithstanding anything herein to the contrary, Lessee shall use
transportation, treatment, storage and/or disposal companies and/or facilities
that have valid and effective Permits required under all applicable federal,
state and local laws, regulations, rules, ordinances or orders necessary to
allow such facilities to transport, accept, store, treat, process, or dispose of
the Materials. Neither Lessee nor any transportation, treatment, storage, or
disposal company and/or facility used by Lessee shall be in violation of any
terms or conditions of such Permits.
Lessee shall, at its sole cost: (a) keep and maintain secondary
containment for all Materials stored on the Premises, (b) erect a seismic
bracing for any Materials located on shelves throughout the Premises, (c) ensure
that all employees who work with any Materials receive the appropriate OSHA
training, and (d) provide documentation to Paramount of all OSHA training.
ARTICLE XXXIII
YEAR 2000 COMPLIANCE
Lessee warrants that the Exhibit has been designed or modified and fully
tested in such a manner that the Exhibit will not generate any invalid and/or
incorrect date-related results or cause any of the problems commonly referred to
as "Year 2000 problems" and will, without interruption or manual intervention,
continue to operate consistently, predictably and accurately and in accordance
with all of the requirements of this Agreement, including without limitation,
meeting all specifications and/or functionality and performance requirements,
when used during any year prior to, during or after the calendar year 2000.
ARTICLE XXXIV
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EQUAL OPPORTUNITY
The parties hereto agree that they will not engage in any discriminatory
practices based on race, color, sex, age, religion, national origin, sexual
orientation or physical or mental disability and that they will comply with all
applicable provisions of Executive Order 11246, The Vietnam Era Veterans
Readjustment Act of 1974 and The Rehabilitation Act of 1973, and of the rules,
regulations and relevant orders issued pursuant thereto including, without
limitation, the applicable provisions of 41 CFR 60-1.4, 60-250 and 60-741.4,
which are incorporated herein by reference.
IN WITNESS WHEREOF, the parties hereto have hereunto set their hands the
day and year first above written.
RX TECHNOLOGIES
By: /s/ Xxx Xxx
---------------------------------------
Name: Xxx Xxx
Title: President
RX Technologies
PARAMOUNT PARKS INC.
By: /s/ Xxx X. Xxxxxx
---------------------------------------
Name: Xxx X. Xxxxxx
Title: Executive Vice President and
General Manager
Paramount's Kings Island
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EXHIBIT A
ATTACHMENT TO LEASE AGREEMENT BETWEEN
PARAMOUNT PARKS INC. (LESSOR) AND
RX TECHNOLOGIES (LESSEE)
DESCRIPTION OF EXHIBIT
Lessee shall operate four (4) location to be located at the Beast, the Vortex,
Outer Limits, and the Taxi Jam rides. Lessee shall produce and sell photos of
guests on these rides as well as providing the service of sending those pictures
via e-mail. Lessee shall provide all equipment and supplies to insure a quality
product to Park guests.
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ADDENDUM A
ADDENDUM TO LEASE AGREEMENT BETWEEN
PARAMOUNT PARKS INC. (LESSOR) AND
RX TECHNOLOGIES (LESSEE)
o Paramount shall be permitted, but not required, to pay invoices which are
the responsibility of Lessee and to deduct same from amounts due Lessee
when, to do so, in Paramount's sole judgment, is necessary to protect the
good name and reputation of Paramount.
o As required in Article XII, Lessee shall insure all improvements and
equipment it adds to the premises, and its contents (including inventory,
office equipment, etc.) in accordance with standard fire and extended
coverage insurance policies, the proceeds of which will be payable to
Paramount and Lessee in proportion of their interests.
o Lessee acknowledges that all employees used to operate the Exhibit are
Lessee's employees as stipulated in Article X. Lessee warrants that
required taxes, withholding, etc. will be paid on these employees.
o The failure of either Party to insist upon a strict performance of this
Lease Agreement, or any of the terms and conditions thereof, shall not be
deemed a waiver of any rights or remedies that such Party may have and
shall not be deemed a waiver of any subsequent breach or default in any of
such terms and conditions.
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ADDENDUM B
ADDENDUM TO LEASE AGREEMENT BETWEEN
PARAMOUNT PARKS INC. (LESSOR) AND
RX TECHNOLOGIES (LESSEE)
CREDIT CARD SALES - Lessee may make sales utilizing Paramount's Credit Card
accounts (presently VISA, MASTER CARD, and DISCOVER), however, it is understood
that all credit charges are for Lessee's account only. In other words, Paramount
will receive as rent the percentage specified herein and all credit charges
(including charge backs, dealer discount*, etc.) will be deducted from Lessee's
share of revenue.
Cash register shortages (not errors), if any, are for Lessee's account
only and do not affect the rent paid to Paramount.
* Credit card companies charge a percentage of their individual charge
ticket value for the privilege of using their card. That fee is referred
to above as "discount". In cases where Lessee utilizes all or more than
one of the cards a blended rate may be used.
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