Nathan’s Famous Systems, Inc. One Jericho Plaza Second Floor – Wing A Jericho, New York 11753Nathans Famous Inc • February 1st, 2013 • Retail-eating places
This letter agreement, when signed by Nathan’s Famous Systems, Inc. (“NFSI”) and John Morrell & Co. (“JMC”), sets forth the parties’ agreement and understanding concerning a licensing and supply agreement between NFSI and JMC (the “Agreement”). It is intended by both parties that this Agreement will be replaced with and superseded by a long form licensing and supply agreement containing the material terms set out herein along with such other terms as are customary and appropriate for agreements of this type, which other terms will be negotiated in good faith; however, unless and until such time as the long form licensing and supply agreement is executed by both parties, this letter agreement, including the schedules thereto, shall upon its execution constitute a binding and definitive agreement between NFSI and JMC concerning all of the subject matter hereof.
