Stuckey's
STUCKEY'S CORPORATION
▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇▇▇
▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇
March 1, 1987
Dear ▇▇. ▇▇▇▇▇▇:
▇▇▇▇▇▇▇'▇ CORPORATION purchased the franchise operations of Pet's subsidiary,
STUCKEY'S, INC., on April 30, 1985. This letter will memoralialize the terms of
the franchise agreements regarding any STUCKEY'S franchise for this store as
listed in SCHEDULE I enclosed and is effective March 1, 1987.
1. As the owner of one of the original locations for which a franchise was
granted by STUCKEY'S, INC and now granted by STUCKEY'S CORPORATION, you
are entitled to representation on the Franchise Council of STUCKEY'S
CORPORATION to help us improve the STUCKEY'S Method of Operation
throughout the country.
2. STUCKEY'S CORPORATION will perform quality, value, service and
cleanliness inspections at your franchised store and will furnish you
with a written report on these inspections.
3. STUCKEY'S is a registered trademark owned by STUCKEY'S CORPORATION. You
are hereby granted, by STUCKEY'S CORPORATION, for the term of this
agreement, a license, to use the ▇▇▇▇ ▇▇▇▇▇▇▇'▇ at the location listed
in the attached SCHEDULE I in accordance with reasonable quality
standards and usage rules that STUCKEY'S CORPORATION adopts from time to
time.
STUCKEY'S CORPORATION
Corporate Office o ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇,
▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ a (▇▇▇) ▇▇▇-▇▇▇▇
▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇. N.W., Suite 403, Washington, D.C. 20007 o (▇▇▇) ▇▇▇-▇▇▇▇
-2-
4. You will pay a franchise fee on a monthly basis to STUCKEY'S CORPORATION
equal to one (1%) percent of all gross sales from your STUCKEY'S store
listed on SCHEDULE I, but not more than $7,500 per store per calendar
year (adjusted each January 1, during the term hereof for any changes in
the appropriate Consumer Price Index from the then preceding January 1).
Payment shall be made and reports of sales indicated in such reasonable
form as STUCKEY'S CORPORATION shall request from time to time.
5. You may cancel this agreement at any time after February 29, 1988, upon
ninety (90) days prior written notice sent to the above address.
STUCKEY'S CORPORATION may only cancel this agreement for your
non-compliance with any of the terms of our agreement-
If this letter correctly sets forth our agreement, please sign and date the
duplicate of this letter and return it with SCHEDULE I to us by March 15, 1987,
so our files will be complete.
Sincerely,
STUCKEY'S CORPORATION
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President
AGREED TO:
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ DATE 3/5/87
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(Signature)
Enc. - SCHEDULE I (Address of franchised premise listed on this schedule)
SCHEDULE I
Address(es) of franchised ▇▇▇▇▇▇▇' S store(s):
(1) Store Name: Stuckey's Pecan Shoppe
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Store Number: #154
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Store Location: I-10 & US 80, Benson, Arizona
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(2) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(3) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(4) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(5) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(6) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(7) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(8) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(9) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________
(10) Store Name:____________________________________________________________
Store Number:__________________________________________________________
Store Location:________________________________________________________