Master Franchise Agreement

• Year: 2015
• Parties: Kiosk Concepts Inc. ("we", "us", "our"), The Grilled Cheese Truck, Inc. ("you", "your", "Master Franchisee")
• State: New York
• Renewal Term: four successive 10 years
• Section: Commercial Contracts



Exhibit10.1





KIOSKCONCEPTS,INC.



MASTERFRANCHISEAGREEMENT

  

  THEGRILLEDCHEESETRUCK,INC.

  

  MASTERFRANCHISEE

  

  DATEOFAGREEMENT





Source: SOUPMAN, INC., 8-K, 8/14/2015





    

TABLEOFCONTENTS

    

1. GRANTOFFRANCHISE 1

  

1.1 RightsGrantedtoYou 1

1.2 Non-ExclusiveGrant 2

1.3 OurReservedRights 2



2. OPERATIONOFTHEFRANCHISEDBUSINESS 2

  

2.1 NameofFranchisedBusiness 2

2.2 FullTime,AttentionandBestEfforts 2

2.3 ModificationstoSystemandManuals 3



3. INITIALANDEXTENDEDTERMS 3

  

3.1 InitialTerm 3

3.2 OptionstoRenew 3

3.3 RenewalofExistingAgreement 4

3.4 ContinuedCompliance 4

3.5 TerminationatEndofTerm 4



4. PAYMENTOFFEES 4

  

4.1 InitialFranchiseFee 4

4.2 ContinuingFeesPayabletoUs 4

4.3 MannerofPayment 5

4.4 InterestonOverdueAmounts 5

4.5 LateFee;InsufficientFundsFee 6

4.6 UnitFranchiseAgreementsandRevenueReports 6

4.7 SecurityInterest 6

4.8 ReimbursementofMonies 7

4.9 ApplicationofFees 7



5. YOUROBLIGATIONS 7

  

5.1 SaleofUnitFranchises;MinimumDevelopmentQuota 8

5.2 InitialTrainingandServicesforUnitFranchisees 9

5.3 UseofProprietaryMarks 10

5.4 PlaceofBusiness 10

5.5 Insurance 10

5.6 ComputerHardwareandSoftware 11

5.7 PaymentofTaxes 12

5.8 EnforcementofUnitFranchiseAgreements 12

5.9 MasterFranchiseeTrainingProgram 12

5.10 AdditionalTraining;MasterFranchiseeMeetings 13

5.11 SuppliesandEquipment 13

5.12 CompliancewithGovernmentalRegulationsandApplicableLaw 13

5.13 OfficeLocation 13

5.14 SolicitationAdvertising 14

5.15 PoliciesandProcedures 14

5.16 ChangestotheSystem 14

5.17 DevelopmentsareOurProperty 15

5.18 FinancialStatementsandUpdatedUnitFranchiseDisclosureDocument 15

5.19 OurWebsite 15



i

Source: SOUPMAN, INC., 8-K, 8/14/2015



    

6. PROPRIETARYMARKS 17

  

6.1 OurRepresentations 17

6.2 YourRepresentations 17

6.3 YourAcknowledgments 18

6.4 ChangesinLawAffectingProprietaryMarks 19



7. NON-COMPETITION 20

  

7.1 Restrictions 20

7.2 IndependentCovenants 20

7.3 ReductionofScope 20

7.4 NoDefense 20

7.5 IrreparableInjury 20

7.6 AdditionalParties 20



8. MANUALSANDCONFIDENTIALINFORMATION 21

  

8.1 UseofManuals 21

8.2 ConfidentialityofInformation 21

8.3 IrreparableInjuryfromDisclosureofConfidentialInformation 21

8.4 ConfidentialityCovenantsfromIndividualsAssociatedwithYou 21



9. OUROBLIGATIONS 22

  

9.1 ManualsandAssistance 22

9.2 TrainingProgram 22

9.3 AdviceandAssistance 22

9.4 ProprietaryMarks 22

9.5 Advice 22



10. DEFAULTANDTERMINATION 22

  

10.1 TerminationintheEventofBankruptcyorInsolvency 22

10.2 TerminationwithNoticeandWithoutOpportunitytoCure 23

10.3 TerminationwithNoticeandOpportunitytoCure 24

10.4 Cross-Default 24

10.5 OurRighttoDiscontinueServicestoYou 25

10.6 TerminationofThisAgreementbyYou 25

10.7 WithoutPrejudice 25

10.8 AmendmentPursuanttoApplicableLaw 25



11. OBLIGATIONSUPONTERMINATIONOREXPIRATION 26

  

11.1 CessationofBusiness 26

11.2 CessationofUseofConfidentialInformationandProprietaryMarks 26

11.3 CancellationofAssumedNameRegistration 26

11.4 PaymentofMoniesDue;LiquidatedDamages 26

11.5 CoststoSecureCompliance 27

11.6 ReturnofManualsandOtherConfidentialInformation 27

11.7 IrreparableInjurytoUs 27

11.8 CompliancewithPost-TermCovenants 27



12. TRANSFEROFINTEREST 27

  

12.1 TransferbyUs 27

12.2 TransferbyYou 28

12.3 GrantingofaSecurityInterestbyYou 28



ii

Source: SOUPMAN, INC., 8-K, 8/14/2015