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EXHIBIT 10.4
DEALER AGREEMENT
This agreement is entered into this day by and between American Eagle Motorcycle
Co., Inc. ("Manufacturer") and American Cycles Legend ("Dealer").
Whereas, Manufacturer is the manufacturer of MOTORCYCLES AND MOTORCYCLE
ACCESSORIES AND PRODUCTS distributed and sold bearing certain proprietary trade
marks American Eagle ("Product").
Whereas, Dealer is in the business of marketing and selling MOTORCYCLE AND
MOTORCYCLE ACCESSORIES AND PRODUCTS and desires to enter into the business of
selling the Manufacturer's Product; and
NOW, THEREFORE, IT IS AGREED AS FOLLOWS:
Section 1. Dealership. During the term of this Agreement, Manufacturer hereby
appoints Dealer and Dealer hereby accepts appointment as, the distributor of the
Product. During the term of this Agreement, Dealer agrees to maintain Prices set
by Manufacturer, and offer proper warranty and service support as required by
manufacturer. The parties contemplate that the dealer will accept trade-ins of
other brand motorcycles and that dealer has the right to sell motorcycles
consisting of other brands. During said term, Dealer shall use reasonable
efforts to market and sell the Product. During said term, Manufacture shall not
itself market the product in the territory.
Section 2. Term. This Agreement shall begin January 5, 1999 and shall terminate
on December 31, 2001. It is the intention of the parties to hereto that this
Agreement will automatically renew unless either party terminates per Section
11.
Section 3. Prices. The suggested factory dealer price and the retail consumer
price for the items to be sold is set forth in Exhibit A attached hereto.
Section 4. Materials. The parties agree that, subject to reasonable
availability, Manufacturer will continue constructing the Product with same or
better quality as those motorcycles previously produced and exhibited to dealer.
The parties may, from time to time, agree to the substitution of alternative
materials.
Section 5. Trademark. Manufacturer is the owner of the trademark "American
Eagle" ("Xxxx"). Manufacturer hereby grants Dealer the exclusive right to
identify itself as an Authorized [XXXX] Dealer in the Territory and to display
the Xxxx at Dealer's place(s) of business, including dealers of Dealer, located
within the Territory, in connection with the sale of the Product. Dealer shall
not make any use of the Xxxx, which is inconsistent with Manufacturer's policies
concerning its trademark use. Except as authorized herein, Dealer shall not make
use of the Xxxx, and Dealer shall neither have nor claim any right in respect to
the Xxxx.
DEALER AGREEMENT 1
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[TEXT TO COME]
DEALER AGREEMENT 2
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Section 16. Past Due Account Balance. Dealers will be charged a 1.5% month
interest fee on all outstanding invoices not paid to American Eagle Motorcycle
Co. Inc. by their respected due date set forth in Exhibit B.
Section 17. Agreement Changes. This is the total agreement defining the
relationship between the Manufacturer and Dealer. Any request for change by
either party must be submitted in writing to the other. A response must be
returned in writing within 30 days.
Dealer
/s/ [ILLEGIBLE] January 14, 1999
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Dealer Date
President American Legend Cycles
AMERICAN EAGLE MOTORCYCLE CO., INC.
/s/ XXXX XXXX President January 9, 1999
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Representative Title Date
DEALER AGREEMENT 3
