agreement made this _________day of _________, between _________(hereinafter called "licensor"), and _________(hereinafter alled "licensee"): whereas licensor owns certain valuable registered trademarks and ervice marks, and owns and has merchandising rights to various other icensor properties as defined in paragraph 1 of the rider attached hereto nd hereby made a part hereof (hereinafter called "name"), said name aving been used over the facilities of numerous stations in radio and/or elevision broadcasting in allied fields, and in promotional and dvertising material in different businesses and being well known and ecognized by the general public and associated in the public mind with icensor, and whereas licensee desires to utilize the name upon and in connection ith the manufacture, sale and distribution of articles hereinafter escribed, now, therefore, in consideration of the mutual promises herein ontained, it is hereby agreed: 1. grant of license (1)articles upon the terms and conditions hereinafter set forth, licensor hereby rants to licensee as a related company, and licensee hereby accepts the ight, license and privilege of utilizing the name solely and only upon nd in connection with the manufacture, sale and distribution of the ollowing articles. (insert description) (2)territory the license hereby granted extends only to _________. licensee grees that it will not make, or authorize, any use, direct or indirect, f the name in any other area, and that it will not knowingly sell rticles covered by this agreement to persons who intend or are likely to esell them in any other area. (3)term the term of the license hereby granted shall be effective on the _________day of _________ and shall continue until the _________ day of _________, unless sooner terminated in accordance with the provisions ereof. the term of this license may be automatically renewed from year to ear upon all the terms and conditions contained herein, with the final enewal to expire on december 31st, _________. at the end of each term, eginning with december 31st, _________, this license shall be utomatically renewed for a one year term expiring december 31st of the ollowing year, unless either party hereto shall be given written notice o the contrary at least thirty (30) days prior to the expiration date. 2. terms of payment (1)rate licensee agrees to pay to licensor as royalty a sum equal to _________percent of all net sales by licensee or any of its affiliated, ssociated or subsidiary companies of the articles covered by this greement. the term "net sales" shall mean gross sales less quantity iscounts and returns, but no deduction shall be made for cash or other iscounts or uncollectible accounts. no costs incurred in the manufacture, ale, distribution or exploitation of the articles shall be deducted from ny royalty payable by licensee. licensee agrees that in the event it hould pay any other licensor a higher royalty or licensing rate or ommission than that provided herein for the use of the name, than said igher rate shall automatically and immediately apply to this contract. (2)minimum royalties licensee agrees to pay to licensor a minimum royalty of _________dollars (_________$) as a minimum guarantee against royalties to e paid to licensor during the first contract term, said minimum royalty o be paid on or before the last day of the initial term hereof. the dvance sum of_________ dollars ($ _________) paid on the signing ereof shall be applied against such guarantee. no part of such minimum oyalty shall in any event be repayable to licensee. (3)periodic statements within _________ days after the initial shipment of the articles overed by this agreement, and promptly on the _________ of each alendar _________ thereafter, licensee shall furnish to licensor omplete and accurate statements certified to be accurate by licensee howing the number, description and gross sales price, itemized deductions rom gross sales price and net sales price of the articles covered by this greement distributed and/or sold by licensee during the preceding alendar _________, together with any returns made during the preceding alendar _________ for this purpose, licensee shall use the statement orm attached hereto, copies of which form may be obtained by licensee rom licensor. such statements shall be furnished to licensor whether or ot any of the articles have been sold during the preceding calendar _________. (4)royalty payments royalties in excess of the aforementioned minimum royalty shall be due n the _________ day of the _________ following the calendar _________ in which earned, and payment shall accompany the statements urnished as required above. the receipt or acceptance by licensor of any f the statements furnished pursuant to this agreement or of any royalties aid hereunder (or the cashing of any royalty checks paid hereunder) shall ot preclude licensor from questioning the correctness thereof at any ime, and in the event that any inconsistencies or mistakes are discovered n such statements or payments, they shall immediately be rectified and he appropriate payment made by licensee. payment shall be in _________. domestic taxes payable in the licensed territory shall be ayable by licensee. 3. exclusivity (1)nothing in this agreement shall be construed to prevent licensor rom granting any other licenses for the use of the name or from utilizing he name in any manner whatsoever, except that licensor agrees that except s provided herein it will grant no other licenses for the territory to hich this license extends effective during the term of this agreement, or the use of the name in connection with the sale of the articles escribed in paragraph 1. (2)it is agreed that if licensor should convey an offer to licensee o purchase any of the articles listed in paragraph 1, in connection with premium, giveaway or other promotional arrangement, licensee shall have _________ days within which to accept or reject such an offer. in the event hat licensee fails to accept such offer within the specified _________ ays, licensor shall have the right to enter into the proposed premium, iveaway or promotional arrangement using the services of another anufacturer, provided, however, that in such event licensee shall have a hree (3) day period within which to meet the best offer of such anufacturer for the production of such articles if the price of such anufacturer is higher than the price offered to licensee by licensor. icensee agrees that it shall not, without the prior written consent of icensor, (i) offer the articles as a premium in connection with any other roduct or service, or (ii) sell or distribute the articles in connection ith another product or service which product or service is a premium. 4. good will licensee recognizes the great value of the good will associated with he name, and acknowledges that the name and all rights therein and good ill pertaining thereto belong exclusively to licensor, and that the name as a secondary meaning in the mind of the public. 5. licensor's title and protection of licensor's rights (1)licensee agrees that it will not during the term of this greement, or thereafter, attack the title or any rights of licensor in nd to the name or attack the validity of this license. licensor hereby ndemnifies licensee and undertakes to hold it harmless against any claims r suits arising solely out of the use by licensee of the name as uthorized in this agreement, provided that prompt notice is given to icensor of any such claim or suit and provided, further, that licensor hall have the option to undertake and conduct the defense of any suit so rought and no settlement of any such claim or suit is made without the rior written consent of licensor. (2)licensee agrees to assist licensor to the extent necessary in the rocurement of any protection or to protect any of licensor's rights to he name, and licensor, if it so desires may commence or prosecute any laims or suits in its own name or in the name of licensee or join icensee as a party thereto. licensee shall notify licensor in writing of ny infringements or imitations by others in the name on articles the same s or similar to those covered by this agreement which may come to icensee's attention, and licensor shall have the sole right to determine hether or not any action shall be taken on account of any such nfringements or imitations. licensee shall not institute any suit or take ny action on account of any such infringements or imitations without irst obtaining the written consent of the licensor so to do. 6. indemnification by licensee and product liability insurance licensee hereby indemnifies licensor and undertakes to defend licensee nd/or licensor against and hold licensor harmless from any claims, suits, oss and damage arising out of any allegedly unauthorized use of any rademark, patent, process, idea, method or device by licensee in onnection with the articles covered by this agreement or any other lleged action by licensee and also from any claims, suits, loss and amage arising out of alleged defects in the articles. licensee agrees hat it will obtain, at its own expense, product liability insurance from recognized insurance company which has qualified to do business in _________, providing adequate protection (at least in the amount of _________) for licensor (as well for licensee) against any claims, suits, oss or damage arising out of any alleged defects in the articles. as roof of such insurance, a fully paid certificate of insurance naming icensor as an insured party will be submitted to licensor by licensee for icensor's prior approval before any article is distributed or sold, and t the latest within _________ days after the date first written above; any roposed change in certificates of insurance shall be submitted to icensor for its prior approval. licensor shall be entitled to a copy of he then prevailing certificate of insurance, which shall be furnished icensor by licensee. as used in the first 2 sentences of this paragraph , "licensor" shall also include the officers, directors, agents, and mployees of the licensor, or any of its subsidiaries or affiliates, any erson(s) the use of whose name may be licensed hereunder, the package roducer and the cast of the radio and/or television program whose name ay be licensed hereunder, the stations over which the programs are ransmitted, any sponsor of said programs and its advertising agency, and heir respective officers, directors, agents and employees. 7. quality of merchandise licensee agrees that the articles covered by this agreement shall be f high standard and of such style, appearance and quality as to be dequate and suited to their exploitation to the best advantage and to the rotection and enhancement of the name and the good will pertaining hereto, that such articles will be manufactured, sold and distributed in ccordance with all applicable federal, state and local laws, and that the ame shall not reflect adversely upon the good name of licensor or any of ts programs or the name. to this end licensee shall, before selling or istributing any of the articles, furnish to licensor free of cost, for ts written approval, a reasonable number of samples of each article, its artons, containers and packing and wrapping material. the quality and tyle of such articles as well as of any carton, container or packing or rapping material shall be subject to the approval of licensor. any item ubmitted to licensor shall not be deemed approved unless and until the ame shall be approved by licensor in writing. after samples have been pproved pursuant to this paragraph, licensee shall not depart therefrom n any material respect without licensor's prior written consent, and icensor shall not withdraw its approval of the approved samples except on _________ days' prior written notice to licensee. from time to time after icensee has commenced selling the articles and upon licensor's written equest, licensee shall furnish without cost to licensor not more than dditional random samples of each article being manufactured and sold by icensee hereunder, together with any cartons, containers and packing and rapping material used in connection therewith. 8. labeling (1)licensee agrees that it will cause to appear on or within each rticle sold by it under this license and on or within all advertising, romotional or display material bearing the name the notice "copyright(c) _________ (year)" in connection with name properties (2)and (f) in ider, paragraph 1, and any other notice desired by licensor and, where uch article or advertising, promotional or display material bears a rademark or service mark, appropriate statutory notice of registration or pplication for registration thereof. in the event that any article is arketed in a carton, container and/or packing or wrapping material earing the name, such notice shall also appear upon the said carton, ontainer and/or packing or wrapping material. each and every tag, label, mprint or other device containing any such notice and all advertising, romotional or display material bearing the name shall be submitted by icensor for its written approval prior to use by licensee. approval by icensor shall not constitute waiver of licensor's rights or licensee's uties under any provision of this agreement. (3)licensee agrees to cooperate fully and in good faith with licensor or the purpose of securing and preserving licensor's (or any grantor of icensor's) rights in and to the name. in the event there has been no revious registration of the name and/or articles and/or any material elating thereto, licensee shall, at licensor's request and expense, egister such a copyright, trademark and/or service mark in the ppropriate class in the name of licensor or, if licensor so requests, in icensee's own name. however, it is agreed that nothing contained in this greement shall be construed as an assignment or grant to the licensee of ny right, title or interest in or to the name, it being understood that ll rights relating thereto are reserved by licensor, except for the icense hereunder to licensee of the right to use and utilize the name nly as specifically and expressly provided in this agreement. licensee ereby agrees that at the termination or expiration of this agreement icensee will be deemed to have assigned, transferred and conveyed to icensor any rights, equities, good will, titles or other rights in and to he name which may have been obtained by licensee or which may have vested n licensee in pursuance of any endeavors covered hereby, and that icensee will execute any instruments requested by licensor to accomplish r confirm the foregoing. any such assignment, transfer or conveyance hall be without other consideration than the mutual covenants and onsiderations of this agreement. (4)licensee hereby agrees that its every use of such name shall inure o the benefit of licensor and that licensee shall not at any time acquire ny rights in such name by virtue of any use it may make of such name. 9. promotional material (1)in all cases where licensee desires artwork involving articles hich are the subject of this license to be executed, the cost of such rtwork and the time for the production thereof shall be borne by icensee. all artwork and designs involving the name, or any reproduction hereof, shall, notwithstanding their invention or use by licensee, be and emain the property of licensor and licensor shall be entitled to use the ame and to license the use of the same by others. (2)licensor shall have the right, but shall not be under any bligation, to use the name and/or the name of licensee so as to give the ame, licensee, licensor and/or licensor's programs full and favorable rominence and publicity. licensor shall not be under any obligation hatsoever to continue broadcasting any radio or television program or use he name or any person, character, symbol, design or likeness or visual epresentation thereof in any radio or television program. (3)licensee agrees not to offer for sale or advertise or publicize ny of the articles licensed hereunder on radio or television without the rior written approval of licensor, which approval licensor may grant or ithhold in its unfettered discretion. 10. distribution (1)licensee agrees that during the term of this license it will iligently and continuously manufacture, distribute and sell the articles overed by this agreement and that it will make and maintain adequate rrangement for the distribution of the articles. (2)licensee shall not, without prior written consent of licensor, ell or distribute such articles to jobbers, wholesalers, distributors, etail stores or merchants whose sales or distribution are or will be made or publicity or promotional tie-in purposes, combination sales, premiums, iveaways, or similar methods of merchandising, or whose business methods re questionable. (3)licensee agrees to sell to licensor such quantities of the rticles at as low a rate and on as good terms as licensee sells similar uantities of the articles to the general trade. 11. records licensee agrees to keep accurate books of account and records covering ll transactions relating to the license hereby granted, and licensor and ts duly authorized representatives shall have the right at all reasonable ours of the day to an examination of said books of account and records nd of all other documents and materials in the possession or under the ontrol of licensee with respect to the subject matter and terms of this greement, and shall have free and full access thereto for said purposes nd for the purpose of making extracts therefrom. upon demand of licensor, icensee shall at its own expense furnish to licensor a detailed statement y an independent certified public accountant showing the number, escription, gross sales price, itemized deductions from gross sales price nd net sale price of the articles covered by this agreement distributed nd/or sold by licensee to the date of licensor's demand. all books of ccount and records shall be kept available for at least _________ years fter the termination of this license. 12. bankruptcy, violation, etc. (1)if licensee shall not have commenced in good faith to manufacture nd distribute in substantial quantities all the articles listed in aragraph 1 within _________ months after the date of this agreement or if t any time thereafter in any calendar month licensee fails to sell any of he articles (or any class or category of the articles), licensor in ddition to all other remedies available to it hereunder may terminate his license with respect to any articles or class or category thereof hich have not been manufactured and distributed during such month, by iving written notice of termination to licensee. such notice shall be ffective when mailed by licensor. (2)if licensee files a petition in bankruptcy or is adjudicated a ankrupt or if a petition in bankruptcy is filed against licensee or if it ecomes insolvent, or makes an assignment for the benefit of its creditors r an arrangement pursuant to any bankruptcy law, or if licensee iscontinues its business or if a receiver is appointed for it or its usiness, the license hereby granted shall automatically terminate orthwith without any notice whatsoever being necessary. in the event this icense is so terminated, licensee, its receivers, representatives, rustees, agents, administrator, successors and/or assigns shall have no ight to sell, exploit or in any way deal with or in any articles covered y this agreement or any carton, container, packing or wrapping material, dvertising, promotional or display material pertaining thereto, except ith and under the special consent and instructions of licensor in riting, which they shall be obligated to follow. (3)if licensee shall violate any of its other obligations under the erms of this agreement, licensor shall have the right to terminate the icense hereby granted upon _________ days' notice in writing, and such otice of termination shall become effective unless licensee shall ompletely remedy the violation within the _________ day period and satisfy icensor that such violation has been remedied. (4)termination of the license under the provisions of paragraph 12 hall be without prejudice to any rights which licensor may otherwise have gainst licensee. upon the termination of this license, notwithstanding nything to the contrary herein, all royalties on sales theretofore made hall become immediately due and payable and no minimum royalties shall be epayable or avoidable. 13. sponsorship by competitive product in the event that any of the articles listed in paragraph 1 conflicts ith any product of a present or future sponsor of a program on which the ame appears or is used, or with any product of a subsidiary or affiliate f such sponsor, then licensor shall have the right to terminate this greement as to such article or articles by written notice to licensee ffective not less than _________ days after the date such notice is given. n the event of such termination, licensee shall have _________ days after he effective date of such termination to dispose of all of such articles n hand or in process of manufacture prior to such notice, in accordance ith the provisions of paragraph 15. however, in the event such ermination is effective as to all the articles subject to this agreement nd the advance guarantee for the then current year has not been fully ccounted for by actual royalties by the end of the _________ disposal eriod, licensor shall refund to licensee the difference between the dvance guarantee which has been paid for such contract year and the ctual royalties. the refund provision contained in the preceding sentence ertains only to termination occurring pursuant to this paragraph 13, and hall not affect the applicability of any other paragraph to such ermination except as expressly contradicted herein. 14. final statement upon termination or expiration _________ days before the expiration of this license and, in the event of ts termination, _________ days after receipt of notice of termination or the appening of the event which terminates this agreement where no notice is equired, a statement showing the number and description of articles overed by this agreement on hand or in process shall be furnished by icensee to licensor. licensor shall have the right to take a physical nventory to ascertain or verify such inventory and statement, and refusal y licensee to submit to such physical inventory by licensor shall forfeit icensee's right to dispose of such inventory, licensor retaining all ther legal and equitable rights licensor may have in the circumstances. 15. disposal of stock upon termination or expiration after termination of the license under the provisions of paragraph 12, icensee, except as otherwise provided in this agreement, may dispose of rticles covered by this agreement which are on hand or in process at the ime notice of termination is received for a period of _________ days after otice of termination, provided advances and royalties with respect to hat period are paid and statements are furnished for that period in ccordance with paragraph 2. notwithstanding anything to the contrary erein, licensee shall not manufacture, sell or dispose of any articles overed by this license after its expiration or its termination based on he failure of licensee to affix notice of copyright, trademark or service ark registration or any other notice to the articles, cartons, ontainers, or packing or wrapping material or advertising, promotional or isplay material, or because of the departure by licensee from the quality nd style approved by licensor pursuant to paragraph 7. 16. effect of termination or expiration upon and after the expiration or termination of this license, all ights granted to licensee hereunder shall forthwith revert to licensor, ho shall be free to license others to use the name in connection with the anufacture, sale and distribution of the articles covered hereby and icensee will refrain from further use of the name or any further eference to it, direct or indirect, or anything deemed by licensor to be imilar to the name in connection with the manufacture, sale or istribution of licensee's products, except as provided in paragraph 15. 17. licensor's remedies (1)licensee acknowledges that its failure (except as otherwise rovided herein) to commence in good faith to manufacture and distribute n substantial quantities any one or more of the articles listed in aragraph 1 within _________ months after the date of this agreement and to ontinue during the term hereof to diligently and continuously anufacture, distribute and sell the articles covered by this agreement or ny class or category thereof will result in immediate damages to icensor. (2)licensee acknowledges that its failure (except as otherwise rovided herein) to cease the manufacture, sale or distribution of the rticles covered by this agreement or any class or category thereof at the ermination or expiration of this agreement will result in immediate and rremediable damage to licensor and to the rights of any subsequent icensee. licensee acknowledges and admits that there is no adequate emedy at law for such failure to cease manufacture, sale or distribution, nd licensee agrees that in the event of such failure licensor shall be ntitled to equitable relief by way of temporary and permanent injunctions nd such other further relief as any court with jurisdiction may deem just nd proper. (3)resort to any remedies referred to herein shall not be construed s a waiver of any other rights and remedies to which licensor is entitled nder this agreement or otherwise. 18. excuse for nonperformance licensee shall be released from its obligations hereunder and this icense shall terminate in the event that governmental regulations or ther causes arising out of a state of national emergency or war or causes eyond the control of the parties render performance impossible and one arty so informs the other in writing of such causes and its desire to be o released. in such events, all royalties