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Exhibit 10.6
AGREEMENT
AGREEMENT, made and entered into this 1st day of August, 1996 by and
between ARAMARK Leisure Services, Inc., a Delaware corporation with offices
located at ARAMARK Tower, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000
(hereinafter "ARAMARK"), and Red Xxxx Brewery & Pub Company, a Pennsylvania
corporation with offices located at 0000 Xxxxxxxxx Xxxxxx, Xxxxxxxxxxxx, XX
00000 (hereinafter "Red Xxxx").
W I T N E S S E T H:
WHEREAS, ARAMARK currently leases from Spectrum Arena Limited Partnership
(hereinafter "SALP"), certain premises located in the CoreStates Center
(hereinafter the "Facilities") as more fully set forth in that certain Lease
Agreement dated the 12th day of July, 1994 (hereinafter the "ARAMARK Lease
Agreement"); and
WHEREAS, Red Xxxx desires to open a brewery and brew pub portion of the
Facilities as more fully described on the plan attached hereto as Exhibit "A"
(the "Brewery and Brew Pub Premises" or the "Premises"; and
WHEREAS, ARAMARK desires to amend the ARAMARK Lease Agreement to provide
for the deletion therefrom of the Premises for the term of this Agreement in
order to permit Red Xxxx to sublease such Premises from SALP; and
WHEREAS, the parties hereto desire to develop a mutually beneficial
business relationship between them and to commemorate in writing their
understandings relating thereto.
NOW, THEREFORE, in consideration of the foregoing, and of the mutual
promises and covenants herein contained, and intending to be legally bound
hereby, the parties hereto agree as follows:
1. TERM.
1.1 This Agreement shall be for an initial term of ten (10) years
(the "Initial Term"), commencing on the date set forth in Paragraph 1.3
hereinbelow. Red Xxxx shall have the option(s)
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to extend the Initial Term of this Agreement for two successive, additional
periods of five (5) years each by giving written notice thereof to ARAMARK at
least one hundred twenty (120) days prior to the expiration of the Initial Term
(or first extension period, as applicable) (the "Extension Notice[s]"), which
extension(s) shall each become effective unless ARAMARK notifies Red Xxxx to
the contrary, in writing, within thirty (30) days after receipt of the
Extension Notice(s).
1.2 This Agreement shall be conditioned upon:
(a) Red Xxxx obtaining for its use a the Brewery and Brew Pub
Premises all governmental approvals, consents, licenses and permits (the
"Red Xxxx Approvals") which are desired and/or necessary to construct and
operate both a brewery at the brewery portion of the Premises and a brew pub at
the brew pub portion of the Premises. The Red Xxxx Approvals shall include, but
shall not be limited to, issuance by the Pennsylvania Liquor Control Board (the
"PLCB") of a new Brewery license (i.e., a "G" License") and new Brew Pub
license (i.e., a "GP" License) to Red Xxxx (each on a prior approval and then
final approval basis) for use at the Premises; and
(b) Red Xxxx obtaining a sublease to the Premises (the "Red Xxxx
Lease Agreement") from SALP, upon terms fully satisfactory to Red Xxxx, ARAMARK
and SALP which shall provide, inter alia, for the sublease of such Premises
only for the term of this Agreement with the understanding that upon the
expiration or sooner termination of the Initial Term or any extension thereof,
the Red Xxxx Lease Agreement shall be of no further force and effect and the
ARAMARK Lease Agreement automatically shall be amended further to include the
Premises with no additional change in the terms of such ARAMARK Lease
Agreement; and
(c) ARAMARK obtaining an amendment to the ARAMARK Lease Agreement
(the "Amendment") from SALP, upon terms fully satisfactory to ARAMARK and SALP.
1.3 The Initial Term shall commence upon the date (the "Commencement Date")
that Red Xxxx receives from the City of
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Philadelphia a Certificate of Occupancy; provided, however, that if said
Certificate of Occupancy is temporary in nature, the Initial Term shall
nevertheless commence upon the issuance thereof providing those items remaining
to be completed may be so completed without substantial interference with the
operation of the Brewery and Brew Pub.
1.4 At any time after that date which is five (5) years following the
commencement of the Initial Term, and provided it is not then in default
hereunder, ARAMARK but not Red Xxxx may terminate this Agreement by giving sixty
(60) days prior written notice thereof (the "Early Termination Notice"), which
termination shall become effective sixty (60) days after Red Xxxx'x receipt of
such Early Termination Notice. For the time period between the date of the Early
Termination Notice until the effective date of such termination, the parties
shall continue to perform their duties under this Agreement, in the usual manner
as if and as though no such Early Termination Notice were given. ARAMARK shall
pay a termination fee to Red Xxxx (the "Early Termination Fee"), which shall be
equal to the then unamortized balance of the Red Xxxx Contribution (as defined
and referred to in Paragraphs 3.1 and 3.3). The Early Termination Fee shall be
paid upon the effective date of such early termination.
1.5 Notwithstanding anything herein to the contrary, this Agreement
automatically shall expire upon the termination for any reason whatsoever of the
ARAMARK Lease Agreement, including the uncured default thereunder by ARAMARK.
1.6 In the event this Agreement is automatically terminated as a
result of the termination of the ARAMARK Lease Agreement, Red Xxxx shall have no
claims against ARAMARK as a result of such termination; provided, however, that
in such event, Red Xxxx shall be entitled to receive from ARAMARK the Early
Termination Fee, which shall be due upon the effective date of such termination.
2. PLCB APPLICATIONS.
Red Xxxx agrees to apply for, file and prosecute the Red Xxxx
Approvals including without limitation the respective
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PLCB applications, in a timely fashion and manner, and further agrees to
cooperate with all governmental authorities in supplying any and all
documentation required thereby to seek to accomplish any and all licensing
transactions described herein.
3. CONSTRUCTION AND FIT-OUT OF BREWERY AND BREW PUB PREMISES.
3.1 Red Xxxx shall pay or cause its corporate parent to pay to
ARAMARK the amount of Six Hundred Thousand Dollars ($600,000) as Red Xxxx'x
contribution (the "Red Xxxx Contribution") towards completion of construction
and fit-out of the Premises, including the acquisition and installation of the
microbrewing equipment and the furnishings, fixtures, equipment and other
leasehold improvements (collectively referred to as the "Improvements") in
accordance with the agreed upon plans and specifications (the "Plans") detailed
in Exhibit "B" hereto. No change shall be made to the Plans without the prior
approval of both parties. The Red Xxxx Contribution shall be paid to ARAMARK no
later than twenty-eight (28) days following the effective date hereof.
3.2 Title to the Improvements shall be vested in ARAMARK.
3.3 The Red Xxxx Contribution shall be amortized on a straight-line
basis over a period of eight (8) years from the date the Red Xxxx Contribution
is paid to ARAMARK.
3.4 ARAMARK shall contribute the amount of One Hundred Thirty
Thousand Dollars ($130,000) (the "ARAMARK Contribution") toward the completion
of the Improvements.
3.5 Red Xxxx shall be responsible for any costs necessary for
completion of the Improvements in excess of the sum of the Red Xxxx Contribution
and the ARAMARK Contribution, subject to the parties first reaching agreement on
a mutually satisfactory arrangement whereby Red Xxxx shall be permitted a
recovery of such additional costs. The amount of such additional costs shall be
added to the Red Xxxx Contribution.
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4. DUTIES OF ARAMARK.
4.1 During the Initial Term and any extension thereof, ARAMARK shall
serve as Consultant for the food and beverage service at the Brew Pub and shall
undertake to operate such food and beverage business of the Brew Pub in such
manner as ARAMARK reasonably deems necessary and appropriate for the profitable
operation of the Brew Pub Business, subject only to the terms, conditions and
provisions hereof. ARAMARK shall be responsible for all aspects of the food and
beverage service of the Brew Pub, including by way of illustration and not of
limitation, purchasing necessary food and beverage items; maintaining and
repairing all equipment and facilities; and supervising all personnel assigned
to the Premises.
4.2 ARAMARK will provide (on behalf of Red Xxxx) food and
non-alcoholic beverages and will serve malt and brewed beverages to the Brew Pub
in a first-class manner consistent with the operation of comparable dining
facilities.
4.3 ARAMARK agrees that it will cause the food and beverage service
at the Brew Pub to be operated in accordance with all statutes, ordinances,
laws, rules, regulations, orders and requirements of any Federal, State or local
government and appropriate departments, commissions, boards and having
jurisdiction in the matter respecting the use or manner of use of the Brew Pub
and the maintenance and operation thereof, including specifically (by way of
example and not by way of limitation) compliance with the Pennsylvania Liquor
Code and all applicable PLCB regulations.
4.4 ARAMARK shall, throughout the term hereof, make all necessary or
appropriate repairs required to keep and maintain the Premises and all systems,
equipment and apparatus appurtenant thereto and used in connection therewith in
good order and condition. Any repairs and any labor performed and materials
furnished in or about the Brew Pub Premises in accordance with the provisions
hereof shall be performed and furnished in strict compliance with all applicable
laws, regulations, ordinances and requirements of all duly constituted
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municipal authorities or other governmental bodies having jurisdiction over the
Premises and the requirements of any Board of Underwriters having jurisdiction
thereof.
4.5 ARAMARK (with the consent and approval of Red Xxxx) shall
determine the dates upon which the Brew Pub will be open for the service of
food and beverages in a manner which will reflect customer demand reasonably
anticipated by ARAMARK and the nature of events which take place at the
Facilities.
5. OVERSIGHT OF THE BREW PUB BY ARAMARK.
5.1 ARAMARK agrees to oversee the Brew Pub and promote the Red
Xxxx name in a professional and first-class manner. Authorized representatives
of Red Xxxx shall, in addition to and as part of their duties set in Paragraph
6.1, have the right to supervise operation of the Brew Pub to seek to ensure
compliance with this Agreement and the standards set hereby by ARAMARK and the
employees which ARAMARK shall manage. If non-compliance is observed, Red Xxxx
shall notify ARAMARK and ARAMARK shall immediately cease all activity
complained of which is not in accordance with the terms of this Agreement, and
shall continue to refrain from such activity until such time as the parties
shall otherwise agree on the activity to be engaged in by ARAMARK.
5.2 Red Xxxx and ARAMARK shall agree upon the design of the uniforms
worn by Brew Pub personnel and the general decor of the Brew Pub (provided,
however, that said uniforms shall not be the standard uniforms currently
provided to ARAMARK food service employees).
5.3 Subject to the foregoing, and under the supervision of Red Xxxx,
ARAMARK shall have the authority to determine the mode and method of
advertising, merchandising, promoting, manufacturing, selling and distributing
all of the products subject to this Agreement and the authority to fix the
prices, discounts and terms of sale to all purchasers thereof (subject
nevertheless to applicable law).
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5. DUTIES AND RED XXXX.
6.1 Red Xxxx shall manufacture beer for the Brew Pub in
accordance with Paragraph 7 below. Red Xxxx shall also assign to the Premises
its representatives (who, for the purposes of this Agreement, shall be
independent contractors and not employees either of ARAMARK or Red Xxxx) (the
"Supervisors") who shall supervise ARAMARK and shall assist ARAMARK in seeking
to optimize sales performance and operations of the Brew Pub; the advertising
and promotion thereof; and the advertising, sale, promotion, and merchandising
of products (including, without limitation, Red Xxxx beer(s)) sold therein.
ARAMARK and Red Xxxx shall mutually agree upon the number of Supervisors
assigned to the Premises; their respective hours on duty at the Premises; and
the amounts to be paid to such Supervisors for the services and advice provided
to ARAMARK. The agreed upon cost of the Supervisors shall be paid directly by
ARAMARK and charged against Gross Operating Revenues.
6.2 Red Xxxx shall actively participate in the selection of Brew
Pub employees and ARAMARK shall give consideration to Red Xxxx'x preferences
unless such preferences causes undue financial costs.
6.3 In furnishing services hereunder, the Supervisors shall be
acting as independent contractors in relation to ARAMARK. Accordingly, the
Supervisors shall have no authority to act for on behalf of ARAMARK or to bind
ARAMARK without its prior written consent and shall not be considered as having
employee status for the purpose of any employee benefit plan applicable to
ARAMARK's employees generally.
6.4 The parties hereto understand and acknowledge that during
the term of this Agreement. Supervisors, for the fulfillment of their duties and
responsibilities hereunder, will and/or may learn and acquire certain trade
secrets and confidential information relative to ARAMARK's business including,
without limitation, customer lists, operating procedures and systems, prices and
costs, product information, information relative to suppliers and sources for
products and
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services, advertising and promotional methods and materials, contractual and
other arrangements between ARAMARK and others, and other information and
materials which ARAMARK might reasonably wish to have not used and/or disclosed
by others because of the potential adverse competitive consequences to ARAMARK
from such use and/or disclosure, all of the foregoing being herein referred to
as "confidential information." Supervisors shall not directly and/or indirectly
divulge, and/or permit to be known and/or acquire any confidential information
either during and/or after termination or expiration of this Agreement, for
whatever reason, except to the extent required by law, and/or for a purpose and
of a nature specifically authorized by ARAMARK.
6.5 The parties hereto understand and acknowledge that during
the term of this Agreement, ARAMARK, by and through its officers, directors,
shareholders, agents and/or employees (hereinafter collectively the "ARAMARK
Agents"), will and/or may learn and acquire certain trade secrets and
confidential information relative to Red Xxxx'x business including, without
limitation, customer lists, operating procedures and systems, prices and costs,
product information, information relative to suppliers and sources for products
and services, advertising and promotional methods and materials, contractual and
other arrangements between Red Xxxx and others, and other information and
Materials which Red Xxxx might reasonably wish to have not used and/or disclosed
by others because of the potential adverse competitive consequences to Red Xxxx
from such use and/or disclosure, all of the foregoing being herein referred to
as "confidential information." The ARAMARK Agents shall not directly and/or
indirectly divulge, and/or permit to be known and/or acquire any confidential
information either during and/or after termination or expiration of this
Agreement, for whatever reason, except to the extent required by law, and/or for
a purpose and of a nature specifically authorized by Red Xxxx.
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7. Manufacturing Requirements.
7.1 During the term of this Agreement, Red xxxx shall manufacture
and deliver to the Brew Pub, one hundred (100%) percent of the Brew Pub's
annual requirements of beer for retail sale. The price of such retail sale
shall be determined at the sole discretion of ARAMARK.
7.2 The parties shall mutually agree upon a procedure whereby
ARAMARK designates the beer style and type to be manufactured by Red Xxxx and
informs Red Xxxx in advance of approximate production volume and time
requirements, if any. The parties acknowledge and understand that manufacture
of lagers (instead of ales) requires additional storage time and may result in
diminished production capacity of Red Xxxx.
7.3 If ARAMARK requests production of more barrels of beer than Red
Xxxx can reasonably manufacture during any given year from the Brewery
Premises, Red Xxxx shall not be in default hereunder provided that Red Xxxx
promptly fulfills such excess requirements with beer from any other facility
which it or any parent, subsidiary or affiliate owns, and ARAMARK shall
purchase such excess requirements from Red Xxxx at a barrel charge reflective
of actual costs of production and shipping to Red Xxxx, which per barrel charge
shall not in any event exceed the then prevailing wholesale charge for the
amounts and types of beer required by ARAMARK.
8. Operating Accounts; Compensation To ARAMARK.
8.1 All Gross Operating Revenues derived from the sale of food
and/or beverages at the Brew Pub shall be deposited by ARAMARK in one or more
operating accounts titled in the name of Red Xxxx under its employer
identification number. "Gross Operating Revenues" shall be defined as all cash
and credit card receipts collected by ARAMARK from the operation of the Brew
Pub. Red Xxxx shall not be entitled to withdraw funds from such account nor
shall Red Xxxx be entitled to pledge, assign or hypothecate the funds in such
account. ARAMARK shall be entitled to withdraw amounts from such account in
accordance with the terms set forth in this Agreement.
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8.2 ARAMARK shall be obligated to pay from Gross Operating Revenues
all operating expenses incurred by it in providing supervisory services
hereunder together with reimbursement to Red Xxxx for the Supervisors assigned
to the Premises (collectively referred to as "Operating Expenses"). Operating
Expenses shall include, but not be limited to all payroll taxes and taxes of
every kind and nature related to the operation of the businesses at the
Premises; the cost of all food and beverage charges; supplies; trash removal;
advertising; equipment rentals; fees for any and all business licenses; repairs
and maintenance of every kind and nature; the cost of insurance, including
workers' compensation coverage; and all employee personnel and payroll costs.
ARAMARK shall also be entitled to reimbursement from Gross Operating Revenues
of an amount equal to Two Percent (2%) of such Gross Operating Revenues as an
allowance for its general and administrative costs.
8.3 To the extent that Gross Operating Revenues exceeds the sum of
Operating Expenses and the amounts paid to Red Xxxx pursuant to Paragraph 10.1,
ARAMARK shall be entitled to retain the full amount of such excess Gross
Operating Revenues.
9. Non-Beer Inventory.
ARAMARK will purchase and maintain at all times an adequate inventory
of supplies, food stuffs and non-alcoholic beverages and shall pay the same
from the operating accounts established hereunder.
10. Payment to Red Xxxx.
Red Xxxx shall be entitled to receive from Gross Operating Revenues
without notice, demand, deduction or setoff, the sum of SEVENTY FIVE THOUSAND
($75,000.00) DOLLARS annually; in six (6) CONSECUTIVE MONTHLY INSTALLMENTS OF
TWELVE THOUSAND FIVE HUNDRED ($12,500.00) DOLLARS each commencing October 30th
of each year and payable thereafter on the last calendar day of each of the
next five (5) subsequent, successive months.
11. Employees.
11.1 All non-supervisory employees, other than the on-site
Supervisors, shall be employees of Red Xxxx. ARAMARK
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agrees to pay, on behalf of Red Xxxx, the personnel and payroll costs related to
to such Red Xxxx employees and the cost thereof shall be included in Operating
Expenses.
11.2 ARAMARK acknowledges that it has received copies of all current union
contracts entered into by and between Red Xxxx, as employer, and Union Locals
________(the "Union Contract"). ARAMARK agrees that it will cause the Brew Pub
to comply with all of the terms, provisions, and obligations of the Union
Contract during the term of this Agreement and that it will not cause the Brew
Pub or Red Xxxx to be in breach or default thereunder.
12. OTHER WHOLESALE SALE.
Subject to its obligation to meet the manufacturing requirements of
ARAMARK hereunder, the Brewery is expressly permitted to sell its beer at
wholesale to other vendors outside of the Facilities; provided, however, that
all receipts therefrom shall be included in Gross Operating Revenues.
13. NON-COMPETITION.
During the term of this Agreement, ARAMARK shall not engage or
participate, by Agreement or directly, in the ownership, lease or sublease, of
a business or premises, which is (or at which is conducted) a brewery, brew
pub, or microbrewery, out as such, at any location within the Facilities.
14. COOPERATIVE PROMOTION.
ARAMARK agrees to diligently promote the "Red Xxxx" name, advertise
and market the Brew Pub and Red Xxxx products and enhance Red Xxxx'x image and
reputation in connection with the Brew Pub.
15. TRANSPARENT VIEWING AREA.
The construction of the Brew Pub and Brewery Premises shall include a
transparent but solid area on the wall separating the Brew Pub and Brewery
Premises (which shall at all times remain unobstructed) of dimensions
acceptable to Red Xxxx so as to permit patrons in the Brew Pub to clearly view
the interior Brewery.
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19. EVENTS OF DEFAULT--ARAMARK
The occurrence of any of the following events shall constitute a
default on the part of ARAMARK hereunder ("Event of Default"):
(a) If there occurs any breach, failure or violation by ARAMARK of a
non-monetary nature in the performance of any of its obligations, covenants or
warranties under this Agreement, and such breach, failure or violation continues
uncorrected for a period of ten (10) consecutive days after written notice\
thereof from Red Xxxx to ARAMARK unless within said ten (10) day period ARAMARK
has taken substantial steps to cure said non-monetary default and diligently
pursues the curing of same to its completion;
(b) If payment of any sums due from ARAMARK to Red Xxxx shall not be
paid when due, and shall continue unpaid for a period of fifteen (15) days
after such date;
(c) If there occurs a "prohibited transfer" by ARAMARK pursuant to
Paragraph hereinbelow; or
(d) ARAMARK shall enter into a Chapter 7 liquidation proceeding,
whether voluntarily or involuntarily.
20. REMEDIES OF RED XXXX.
Upon the occurrence of an Event of Default by ARAMARK which remains
uncured pursuant to the terms of this Agreement, Red Xxxx may terminate this
Agreement , whereupon: (a) ARAMARK shall pay to Red Xxxx the Early Termination
Fee; (b) ARAMARK shall immediately return to Red Xxxx all untapped barrels of
beer and all products bearing the name Red Xxxx or any name owned by the
parent, subsidiary or affiliate thereof, and shall cease all advertising of the
same (provided, however, that the value of such untapped barrels returned to
Red Xxxx, determined on a wholesale basis, will be credited against the amount
of the Early Termination Fee); and (c) Red Xxxx shall have no rights to any of
the Red Xxxx Improvements. Red Xxxx shall further have such rights and remedies
afforded it by law or in equity.
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21. INSURANCE.
21.1 ARAMARK shall be responsible to maintain as an Operating Expense
insurance coverages with regard to the operation of the Brew Pub and Brewery in
the types and amounts required by the ARAMARK Lease Agreement (as to liability
insurance), and in an amount at least equal to the Improvements (as to casualty
insurance). Red Xxxx and ARAMARK shall each be named as insureds as their
interests may appear. ARAMARK shall provide Red Xxxx with a certificate of
insurance confirming such coverages.
21.2 Red Xxxx (and/or its corporate parent) shall maintain, at its or
their own expense, an "umbrella" policy or policies of liability insurance in
the aggregate amount of Two Million ($2,000,000.00) Dollars, which policy(ies)
shall cover, inter alia, the Premises.
22. INDEMNIFICATION AND INSURANCE.
Red Xxxx shall not be responsible for and is hereby relieved from all
liability for any damage, expense, cause of action, suits, demands, judgments
and claims of any nature whatsoever arising from or by reason of any injury to
any person or persons or any damage to any property which may arise from any
cause or other condition in or about the Brew Pub or any part thereof or in any
manner growing out of or connected with the performance by ARAMARK of its
services hereunder during the term of this Agreement or any renewal or
extension hereof. ARAMARK hereby agrees to protect, indemnify and save Red Xxxx
harmless from and against all of the aforesaid.
23. PROHIBITED TRANSFERS.
Without the prior, express written consent of the other, neither
party to this Agreement shall assign this Agreement or its rights hereunder,
nor shall either party hereto engage in a transfer in bulk of its assets
located at the Premises, or remove such assets from the Premises other than in
the ordinary course of either the Brew Pub or Brewery business, as applicable.
Each of the foregoing shall constitute a
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"prohibited transfer" and any agreement contemplating such a prohibited
transfer shall be void ab initio.
24. MISCELLANEOUS.
24.1 This Agreement (including any Addenda made a part hereof) sets
forth the entire understanding and agreement by and between the parties hereto
and supersedes any prior agreements, written or oral. There are no agreements,
conditions, representations, statements, or understandings by the parties except
as herein set forth.
24.2 This Agreement shall be binding upon and shall inure to the
benefit of, the parties' respective heirs, successors, and permitted assignees.
24.3 This Agreement may not be modified and/or amended in any respect
whatsoever except by written instrument executed by both parties hereto, and any
purported modification and/or amendment other than that as aforesaid shall be
null and void.
24.4 The headings at the beginning of each Paragraph are inserted
solely for convenience of reference, and such headings shall not be deemed to
constitute any substantive portion of this Agreement or affect or be used in the
interpretation and/or in construction of any provision of this Agreement.
24.5 This Agreement is made in the Commonwealth of Pennsylvania and
shall in all respects and aspects be governed in accordance with the laws of the
Commonwealth of Pennsylvania.
24.6 Any judicial or other proceeding brought relative to this
Agreement shall be brought in the Court of Common Pleas of Philadelphia County
or, if jurisdiction pertains, in the United States District Court for the
Eastern District of Pennsylvania.
24.7 No waiver of any provisions of or default under this Agreement
shall affect the right of any parties thereafter to enforce said provision or to
exercise any right or remedy in respect to said default or any other defaults,
whether or not similar to the default waived.
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"Permitted Delay"), such party shall be excused for the period of time
equivalent to the delay caused by such Permitted Delay.
Notwithstanding the foregoing, any extension of time for a Permitted Delay
shall be conditioned upon the party seeking an extension of time delivering
written notice of such Permitted Delay to the other party within ten (10) days
of the event causing the Permitted Delay, and the maximum period of time which
a party may delay any act or performance of work due to a Permitted Delay shall
be sixty (60) days.
26. NO JOINT VENTURE.
The parties herein are not co-venturers or joint ventures or partners.
Nothing herein shall be deemed or construed to create any such relationship(s)
between them.
27. VALIDITY OF AGREEMENT.
The invalidity and or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this
Agreement. This Agreement may be executed in counterparts, each of which shall
constitute the original Agreement and have the same force, effect, and validity
thereof, but all of which shall constitute one and the same Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the
date and year first written above.
RED XXXX BREWERY AND ARAMARK LEISURE SERVICES, INC.
PUB COMPANY ("Red Xxxx") ("ARAMARK")
By: /s/ Red Xxxx Brewing Co. By:
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Name: Xxxxx X. Xxxx Name:
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Title: President/CEO Title:
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Area President
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