January 24, 1994
PASSENGER AIRSHIP AGREEMENT
THIS AGREEMENT is made as of the 2nd day of January, 1994, by and between
AIRSHIP INTERNATIONAL LTD., a New York corporation, with its principal office at
0000 Xxxx Xxxx Xxxx, Xxxxxxx, Xxxxxxx 00000 ("Operator"), and ANHEUSER-XXXXX
COMPANIES, INC., a Delaware corporation, with its principal office at Xxx Xxxxx
Xxxxx, Xx. Xxxxx, Xxxxxxxx 00000 ("Company").
RECITALS
(A) Operator is the owner of a SKYSHIP 000 X/X xxxxxxxx, Xxxxxx Xxxxxx
Federal Aviation Administration ("FAA") Registration No. 601LP (the "Airship").
(C) Operator desires to operate the Airship for passenger sight-seeing
trips pursuant to the terms and conditions of this Agreement, while the Airship
bears trademarks owned by Company's Sea World theme park ("Sea World").
(D) Company is, on its own behalf or through its affiliated company, Sea
World, Inc., ("SWI"), owner of the following service marks and copyrights: SEA
WORLD, SHAMU, AIRSHIP SHAMU, Whale Logo and the configuration of the design and
color scheme of the Airship (collectively, the "Service Marks and Copyright
Works"), which Company wishes to license to Operator, and Operator wishes to use
in connection with the offer and sale of sight-seeing trip services.
NOW, THEREFORE, it is hereby agreed as follows:
1. Term
1.1 During the Term (as hereinafter defined), Operator shall operate
the Airship (i) within the southwest Orlando "attractions" area, encompassing
the Disney World, Universal Studios, Sea World and International Drive tourist
areas (the "Territory"), (ii) in other areas permitted by Company from time to
time in writing, and (iii) outside the Territory as provided for in Section 3.7
hereof, all on the terms and conditions set forth herein. Operator shall provide
and be fully responsible for all equipment, instruments, engines and other
appurtenances used or required for operation of the Airship, which shall be
fully operational with ground support vehicles, mooring masts, fuel, personnel
(including pilots, ground crew, security and all other required personnel),
facilities, equipment and supplies necessary for fulfilling its obligations
enumerated herein, subject to the terms and conditions of this Agreement.
1.2 The term of this Agreement (the "Term") shall be deemed to have
commenced on January 2, 1994, and shall continue through December 31, 1994. The
Term may be extended upon mutual agreement of the parties.
1.3 Throughout the Term the Airship shall be operated exclusively for
the following purposes:
(a) Advertising and promoting Sea World and its products, goods,
services or businesses by over-flight of the Territory and, upon exercise of the
Option (as hereinafter defined), outside the Territory;
(b) The carriage of passengers, subject to the following
limitations:
(i) Only passengers paying a fee to the Operator for
sight-seeing in the Territory may be carried as passengers on the Airship;
(ii) Passenger flights for fee-paying passengers shall
originate and terminate at the Landing Area (as hereinafter defined)
(iii) The passenger flights shall be performed with due
consideration for safety and weather conditions as determined by the Airship
pilot and applicable FAA regulations.
1.4 Passenger flights of the Airship shall commence on a date mutually
agreeable to Operator and Company, which the parties anticipate shall be on or
about January 24, 1994, provided that if regularly scheduled passenger flights
have not commenced by February 15, 1994, either party may terminate this
Agreement upon at least 14 days' written notice, unless regularly scheduled
passenger flights have commenced during such 14-day notice period.
1.5 Each party hereto shall have the right to terminate this Agreement
at any time and for any reason by giving the other party hereto at least
fourteen (14) days' prior written notice of its intent to do so.
2. Passenger Base and Landing Area
2.1 (a) Initial operations of the Airship shall be from the Kissimmee
Airport (the "Landing Area"). Company will make an effort to lease a suitable
site closer to Sea World for use as a landing area and shall allow Operator the
use of this site pursuant to terms of a mutually-agreed amendment to this
Agreement to be entered into at such time. Operator shall pay the cost of any
improvements it desires to make to the site, plus utilities and taxes on any
improvements. Operator shall comply with all conditions of Company's land
lease as a condition of use. In the event Company's leased site becomes
unavailable or unusable, Company shall have the right but not be obligated to,
substitute a replacement site, subject to the consent of Operator, which shall
not be unreasonably withheld.
(b) In order to protect the interests of Company, Company shall
have the right to inspect the Landing Area.
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3. Airship Operations
3.1 Operator has provided Company with a copy of the flight manual for
the Airship approved by the FAA, and shall provide Company with a copy of the
Operator's Airship operations manual. Operator shall maintain its FAA
Certificate of Airworthiness for the Airship in effect throughout the Term.
Operator shall obtain and maintain in effect throughout the Term all requisite
permits, certificates and authorizations from all governmental agencies having
jurisdiction over the use, operation and flight of the Airship within the
Territory. Operator shall also use its best efforts to obtain all relevant
permits and authorizations as may be required from any supervising governmental
agency. Operator shall not operate the Airship in any manner which violates any
law or regulation of any governmental agency of the United States or any state
thereof, the country of registration of the Airship or any country or state to,
from or over which the Airship flies. Operator has represented to Company that
it is conversant with all such laws and regulations.
3.2 Company shall approve the execution of the design and color scheme
for the Airship, which design and color scheme (the "Work") shall be considered
a work-made-for-hire within the meaning of the United States Copyright Act. All
sketches and any other graphic material for the Work, whether preliminary or in
partial or final form, shall be the exclusive property of Company, and Operator
assigns all right, title and interest therein, including the copyright, to
Company. If Company requires any changes in the exterior design during the Term,
it shall notify Operator and provide art work on a timely basis. Any design
problems or difficulties relating to a proposed change in the exterior design
shall be resolved by discussion between the parties hereto, it being understood
that Company's artistic and design preferences and Operator's experience in the
field of Airship exterior design are of paramount importance. Company shall pay
to Operator the actual cost of each such change in the exterior design within
ten days of receipt of an invoice for such amount from Operator. Upon the
expiration or early termination of this Agreement, Operator shall not operate
the Airship (except for trips to its maintenance hangar or for other
refurbishing) unless the work has been deleted.
3.3 Operator, in its sole discretion, shall have the right to operate
and maintain, at no cost to Company, an electric sign on each side of the
Airship (collectively, the "Signs") which display the advertising, promotion or
other copy as may be requested, but not required, by Company from time to time;
provided, however, that at least twenty-five percent (25%) of the Signs'
operating time shall be used for Company's messages. Company's use of the Signs
shall be non-exclusive and shall not preclude Operator from advertising the
passenger services and displaying other advertising on the Signs, provided that
all advertising shall be approved in advance by Company. The Signs' graphics
shall be displayed using state-of-the-art computerized lights in four colors
operated from the Airship's gondola. The space for the Signs' graphics on the
Airship shall have a dimension of approximately 118 feet x 29 feet.
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3.4 Operator shall provide FAA certified and approved personnel to
perform all maintenance, servicing and repair required to be performed on the
Airship during the Term in accordance with the Airship flight operations manual
and the Airship maintenance manual and in compliance with standards prescribed
by the FAA and all other governmental agencies having jurisdiction over the
Airship, its use, operation and flights within the Territory. Operator shall
also provide the necessary ground and flight crew for the Airship and shall pay
all costs associated with the ownership, use or operation of the Airship. Such
costs shall include, but shall not be limited to, the following:
(a) Helium gas replenishments;
(b) All operational and administrative personnel;
(c) All ground support equipment and personnel required for the
operation, maintenance and security of the Airship;
(d) All insurance, taxes, maintenance and repair costs;
(e) Lubricating oil;
(f) Fuel;
(g) Airship mooring fees (if any) incurred away from the Base;
and
(h) All travel accommodation, subsistence, and other expenses
associated with the provision and removal of the personnel and facilities
provided by Operator, except as otherwise set forth below.
3.5 In addition to the sums specified in Section 3.2, Company shall
pay for, provide or reimburse Operator (within 10 days of receipt of an invoice
for same accompanied by adequate documentation) for any sum it shall expend on
the following:
(a) The actual cast of any change in the Airship's exterior design
required by Company;
(b) Any special equipment not part of the normal equipment of the
Airship, other than the Sign referred to in Section 3.3, which is required by
Company for advertising or any other mutually agreed purposes.
3.6 (a) Operator shall schedule passenger flight operations of the
Airship pursuant to the terms set forth in Section 3.6(b) below upon the earlier
of:
(i) One hundred twenty (120) days after commencement of
passenger flights of the Airship by Operator; or
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(ii) Operator and Company entering into an amendment to this
Agreement pursuant to Section 2.1(a) hereof.
(b) Operator shall determine from time to time the dates and
times for passenger flight operations of the Airship, which shall be set forth
on a schedule of operations (the "Schedule"), which Schedule shall normally
include a minimum of eight flight hours per day over a six day week (subject to
whether the Airship is providing passenger rides or non-Company paid advertising
on the Signs; provided, however, that Operator shall provide Airship a minimum
of eight hours per day over a six day week once Operator and Company shall have
entered into an amendment to this Agreement pursuant to Section 2.1(a) hereof).
The Schedule may be amended by Operator from time to time during the Term upon
reasonable notice to Company, so long as it includes a minimum of flight hours
as set forth in the preceding sentence. Operator shall adhere to the flight plan
established in the Schedule, subject only to the physical constraints of adverse
weather conditions as determined by Operator's pilot, design limitations of the
Airship, and applicable governmental regulations in effect from time to time.
Operator will consult with Company in establishing the Schedule. Except as
otherwise set forth below, all operations pursuant to the Schedule shall begin
and end at the Passenger Base and be limited to flights over the Territory.
(c) Scheduled flight time shall be measured from departure from
the Airship's mooring mast at the commencement of the day's operation until its
mooring at said mast at the completion of the day's operation and will include
airborne flight time, as well as time between flights for operational
requirements such as refueling, crew changes, and pick-up or drop-off of
passengers. The Airship's flight meter, pilots' log, and maintenance and repair
records will be available for review by Company at all reasonable times.
(d) Notwithstanding the preceding paragraphs, Operator shall have
the right to withdraw the Airship from service for scheduled maintenance and
service when necessary for periods not in excess of 30 days in the aggregate
(excluding travel time to and from Operator's maintenance facility), taking into
consideration inspections or maintenance which is mandated by the FAR's
(hereinafter defined), the manufacturer's maintenance manual, or the instruction
manual (as may be required for continued airworthiness) or by the Operator's
approved inspection and maintenance program. There shall be no penalty for the
flight time lost on such days.
3.7 (a) Company shall have the option ("Option") to request Operator,
so long as such request does not conflict with any of Operator's scheduled
passenger flight or Sign advertising commitments, to operate the Airship away
from the Territory for the exclusive use of Company upon 30 days' written
notice. Such notice shall include the date of and purpose for the exercise of
the Option.
(b) Company shall determine the dates, times and locations for
flight operations of the Airship pursuant to the Option, which shall be set
forth on a schedule of operations (the "Option Schedule"). Option Schedules
shall be submitted by Company to
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Operator 30 days prior to the scheduled departure of the Airship pursuant to
such Option Schedule. The Option Schedule may be amended by Company from time to
time upon reasonable notice to Operator. Operator shall adhere to the flight
plan established by Company in the Option Schedule, subject only to the physical
constraints of adverse weather conditions as determined by Operator's pilot,
design limitations of the Airship and applicable governmental regulations in
effect from time to time. Operator will cooperate with Company in making Airship
flights during the times of the day and days of the week to meet the Option
Schedule. Company shall provide Operator reasonable assistance, if requested, in
locating lodging facilities for the Airship's crew.
(c) The Option Schedule and any amendments thereto shall be
subject to the reasonable approval of Operator based upon operational and
economic considerations.
(d) When the Airship is operating away from the Territory,
Operator shall provide, and Company shall be allowed to schedule, eight (8)
hours per day of flight time. If requested by Company, Operator may, in its sole
discretion, schedule more than eight (8) hours of flight time per day. Scheduled
flight time shall be measured from departure from the Airship's mooring mast in
the morning until its mooring at said mast at the completion of the day's
operation and will include airborne flight time, as well as time between flights
for operational requirements such as refueling, crew changes, and pick-up or
drop-off of passengers. Company (and not Operator) shall be responsible for
obtaining any permits required by any organizer or sponsor of any special event
over which Company asks Operator to fly the Airship.
(e) Upon receipt by the Company of an invoice and appropriate
substantiating documentation, Company shall pay Operator within 10 days for each
exercise of the Option the following (the "Option Fee"):
(i) $15,000 per day from the day the Airship departs the
Territory until the day the Airship returns; plus
(ii) $2000 per day for traveling expenses.
(f) If force majeure conditions (as defined in Section 9.2
below), which would not have occurred but for Operator's being required to
operate the Airship away from the Territory, preclude Operator from adhering to
the Schedule, there shall be no reduction in the Option Fee.
(g) Simultaneously with delivery of an Option Schedule, Company
may request Operator to temporarily install a camera on the Airship for use in
taping television commercials, televising sporting or other events, or other
photographic or filming purposes. Company shall reimburse Operator for any costs
it may incur in providing the camera for use in the Airship, such reimbursement
to be made within 10 days of receipt of
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an invoice and documentation for same from Operator. Company shall have the
option to install and operate its own camera system, at Company's expense,
without charge by or to Operator.
3.8 (a) Operator shall provide all necessary flight and ground crew
personnel necessary to accommodate the Schedule. All crew members shall obtain
and maintain all licenses required by the FAA and any other governmental
agencies having jurisdiction over the Airship or its use and flight within the
Territory during the Term. Each member of the crew shall be acceptable to
Company in the reasonable exercise of its judgment.
(b) Operator shall comply with the reasonable requests of Company
to the best of its ability in order that Company may obtain the optimum
utilization of the Airship with respect to its advertising and promotional
activities, provided that all crew activities shall be within the discretion of
Operator's pilots. Notwithstanding the foregoing, the parties acknowledge that
Operator has full operational control of the Airship, and Company shall have no
liability whatsoever for any loss of or damage to the Airship.
(c) The Airship shall be piloted only by FAA licensed pilots.
(d) Except when the authorized and licensed pilots are at the
flight controls or on duty, the ground crew chief shall be in command of the
Airship.
(e) No flight of the Airship shall take place unless Operator's
pilots on board shall be satisfied as to the prevailing weather conditions and
any geographical limitations, the load required to be carried and the proposed
places of take-off and landing. Operator's pilots shall have the absolute right
to cancel, terminate or divert any flights when such action is deemed by them to
be necessary due to the weather or to other conditions beyond their control. The
said pilots shall also have absolute discretion to prohibit any goods or
passengers on the Airship if, in the pilots' opinion, they may adversely affect
the safe flight of the Airship.
(f) Notwithstanding any of the foregoing provisions of this
Section 3.8, Operator expressly undertakes the obligation to have available and
on call such back-up pilot or pilots as may be necessary to guarantee the
performance of the Schedule. Operator acknowledges its obligation to monitor the
number of hours being flown by each of its pilots in a given month so as to make
certain that if a replacement pilot will be necessary due to the number of hours
projected to be flown, a replacement pilot will be made available promptly so
that the Schedule shall be maintained. Operator further undertakes to provide a
replacement pilot within 24 hours after it learns that any regular pilot is
unavailable due to illness or any other non-planned absence.
(g) Operator further acknowledges that its operations are subject
to regulation by the FAA as described in the Federal Aviation Regulations
("FAR's").
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Operator hereby certifies that it has made a full and complete investigation of
all applicable FAR'S. It further certifies that it has such certificate or
certificates as may be required under the FAR's to engage in the operation
contemplated herein. Operator agrees to furnish copies of current certificates
to Company on request.
(h) Operator will establish an alcohol testing program for all
employees who are in any way involved with the maintenance or operation of the
Airship under the provisions of this Agreement, specifically including all
pilots, ground support mechanics and riggers, and any other crew members, which
program shall be, in all respects, subject to applicable law. The testing
program shall be conducted in such manner as to ensure that the crew members of
the Airship are at all times in compliance with the requirements of FAR
91.17(a)(1), (2), (3) and (4) and that all other employees, when performing any
function required by the provisions of this Agreement, shall not have consumed
any alcoholic beverages within the preceding 8 hours; are not under the
influence of alcohol; and do not have a blood alcohol concentration (BAC) of .04
percent or more.
The testing shall be conducted (1) upon a violation of an
FAR; (2) upon reasonable suspicion of a Company representative or one or more
supervisors of the employee that the employee's ability to perform his functions
is impaired; and (3) on a random basis.
There shall be a screening test and, if necessary, a
confirmation test. The screening portion of the test shall involve the use of
devices, selected by the Operator and approved by the Company, that give an
immediate indication either of positive or negative. Anyone testing positive on
the screening shall be immediately removed from any duties relating to the
maintenance or operation of the Airship. Employees testing positive shall
immediately agree to allow a blood sample to be taken or to provide, under
reasonable supervision, a urine sample. The blood sample or urine sample shall
be sent to a qualified laboratory for determination of BAC level. If the
laboratory result indicates that the employee was in compliance with the
requirements set forth above, he may be allowed to resume duties related to the
Airship. If an employee refuses to provide the blood or urine sample, or by the
confirmation test, is determined not to have been in compliance with
requirements set forth above, that employee shall not be permitted to perform
any functions under this Agreement.
At Company's request, Operator shall provide a copy of its
testing procedures, meeting the requirements set forth above, for Company's
approval. Operator agrees to amend said procedures as reasonably required by
Company.
If during the Term the FAA or U.S. Department of
Transportation ("DOT") adopts regulations relating to alcohol testing, Operator
agrees to comply with those requirements, not only as to employees whose
specific functions are described in the regulations, but also as to all
employees that are in any way related to the operation or maintenance of the
Airship under this Agreement.
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(i) Operator agrees, whether or not otherwise required to do so
under the FAR's or other statutory or regulatory provisions, that Operator shall
engage in drug testing of all its employees and contractors as Company may
reasonably request from time to time, following procedures similar to those used
in the Company's drug testing program for its own employees. Operator agrees to
include in such drug testing all employees and contractors who are involved in
any manner in the operation or maintenance of the Airship under the provisions
of this Agreement, specifically including all pilots, ground support mechanics
and riggers and any other member of the ground crew. Notwithstanding the
foregoing provisions of this paragraph (i), if Operator wishes to use an
alternative drug testing program, it may do so if such program has been approved
by Company in writing. Such drug testing program shall be, in all respects,
subject to applicable law.
(j) Company, in its discretion, may require Operator's flight
crews and/or ground support personnel to wear uniforms displaying Company's
trademark, tradenames, painted logos or decals. Company shall provide Operator
only with such uniforms that Company requires Operator personnel to wear. All
uniforms, painted logos and decals shall conform to Company's requirements and
shall be cleaned from time to time by Operator in order to maintain a neat and
clean appearance to the public consistent with other personnel of Sea World. All
registered trademarks, trade names and other proprietary property used in
connection with such uniforms, as well as painted logos and decals, shall remain
the exclusive property of Company.
3.9 (a) Copy of advertising and promotion of the name of Company or
its services, products or businesses for use on the Airship's Sign shall be
submitted to Operator forty-eight (48) hours prior to the display when possible.
For complex graphics and logos, the material shall be submitted by Company to
Operator ten (10) days in advance of the date required for use when possible.
(b) All of Company's advertising copy shall be in good taste and
conform to community standards. Operator shall have the right to refuse to
display copy that does not comply with such standards.
4. Consideration
The parties agree that until the date that other than special fees as
set forth elsewhere in this Agreement, no monthly fee shall be paid for the
services rendered hereunder.
5. Loss of Airship
5.1 (a) The risk of loss or damage with respect to the Airship shall
be solely upon Operator. If there shall occur a loss of all or substantially all
of the Airship, or if the Airship is grounded due to an accident or other damage
to the Airship, then the
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parties' respective obligations hereunder shall xxxxx until such time as the
Airship has been repaired or replaced, at which time this Agreement shall
continue in effect for the remainder of the Term, which Term shall be extended
by the abatement period; provided however, that if the abatement period exceeds
one hundred fifty (150) days, then this Agreement shall, at Company's option, be
deemed to have been terminated as of the date of the loss or damage, and none of
the parties shall have any further obligations to the other parties.
(b) If this Agreement is terminated pursuant to the preceding
paragraph (a) and the Airship shall thereafter be repaired and is prepared to be
placed in service within ninety (90) days of said termination, then, before
making any agreement(s) with any other party for the use of the Airship,
Operator shall first notify the Company that the Company has the right and
option to acquire the exclusive use of the Airship for a period of time equal to
the unexpired portion of the Term at the time of termination on the same terms
and conditions as are contained in this Agreement. Such option shall be
exercised, if at all, within fifteen (15) days following Company's receipt of
such notice.
6. Representations, Warranties and Covenants
6.1 Operator represents, warrants and covenants to Company that:
(a) The Airship is certificated as a standard type aircraft under
the laws of the United States of America;
(b) A valid Certificate of Airworthiness has been issued for the
Airship by the United States of America, and Operator shall take all necessary
actions to ensure the continued effectiveness of the Airship's Airworthiness
Certificate as set forth in FAR 21.181(a)(1), so that a valid Certificate of
Airworthiness for the Airship is maintained at all times. The Airship is in
airworthy condition and usable for the purposes contemplated by this Agreement;
(c) The execution of this Agreement by operator will not
constitute a breach of any other agreement to which Operator is a party or which
involves the Airship;
(d) Registration of the Airship under the laws of the U.S. shall
be maintained, and Operator shall obtain and maintain (or cause to be obtained
and maintained) in effect all required approvals of the FAA, DOT and any other
governmental authorities having jurisdiction over use and operation of the
Airship in the Territory;
(e) Operator shall be responsible for performance of all Airship
overhaul, engine overhaul and maintenance required during the Term, under the
FAR's, as well as any applicable airworthiness directives requiring
modifications to the Airship, and shall make such alterations and modifications
in each component of the Airship as may be required from time to time to meet
the standards of the FAA or any other governmental authority having jurisdiction
over the Airship;
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(f) Operator shall maintain all records, logs and other materials
required by the FAA or other governmental authority having jurisdiction over the
Airship and shall permit Company or its duly authorized agents or
representatives or any other person designated by Company to inspect the Airship
and its flight logs and maintenance records at any reasonable time and shall
furnish Company and its duly authorized agents or representatives any
information with regard to the operation of the Airship as any of them may
reasonably request;
(g) Operator shall maintain the paint and decals on the Airship
in a clean and orderly condition to Company's reasonable satisfaction during the
Term;
(h) Operator shall maintain, service, operate, repair and test
the Airship (i) so as to keep each component of the Airship in good operating
condition, (ii) so as to meet the requirements of the maintenance plans
recommended by the manufacturers of the engines, envelope and gondola comprising
the Airship, (iii) so as to keep the Airship duly certified as airworthy by the
FAA or any other governmental agencies having jurisdiction over the Airship,
(iv) so as to comply with any FAA or other governmental authority airworthiness
directives, as well as "mandatory" and "recommended" service bulletins
applicable to the Airship, as well as licensing and relicensing with respect
thereto which may be required by any governmental agencies having jurisdiction
over the Airship, and (v) so as to keep the Airship clean and in top condition
and repair suitable to provide the services required of Operator hereunder to
Company's reasonable satisfaction;
(i) Operator shall maintain, service, operate, repair and test
all ground support vehicles and equipment supplied by Operator hereunder so as
(i) to keep the components thereof in good operating condition, (ii) to meet all
required maintenance schedules, (iii) to keep such vehicles and equipment
properly licensed, and (iv) to keep, the vehicles and equipment clean and in
good condition and repair, suitable to provide the services required of Operator
hereunder to Company's reasonable satisfaction; and
(j) Operator has taken all action (including, without limitation,
the giving of notices and the obtaining of consents, licenses and permits)
required by any governmental authority as a condition to the execution and
delivery of this Agreement, its validity and enforceability, and the
consummation of any of the transactions contemplated hereby.
6.2 Each party hereto represents and warrants to the other that:
(a) It is a duly organized and valid entity in good standing
under the laws of its jurisdiction of organization and has full authority to
conduct its business as presently conducted and to enter into and perform its
obligations under this Agreement;
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(b) Each of the persons executing this Agreement is a duly
authorized officer or agent of such entity and has been duly authorized by all
necessary action to execute and deliver this Agreement;
(c) This Agreement has been duly and validly executed and
delivered by such party and constitutes a valid and binding agreement of such
party, enforceable in accordance with its terms, except as may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium and similar laws
affecting creditors' rights generally or by the principles governing the
availability of equitable remedies; and
(d) No consent or approval of any third party is required for
such party's execution, delivery or performance of this Agreement.
7. Exclusivity
7.1 Operator hereby covenants and agrees that during the period
beginning the date hereof and ending on the termination of this Agreement (the
"Exclusivity Period"), it will not, directly or indirectly, sell, lease or
operate any lighter-than-air aircraft, or otherwise provide any lighter-than-air
aircraft, which is used or is expected to be used to advertise or promote any
amusement park or theme park, any malt beverage or any snack food, other than
the amusement parks or theme parks, malt beverages and snack foods owned,
operated or produced by Company or its subsidiaries; provided, however, that (i)
nothing herein shall prevent Operator from operating another aircraft on behalf
of another client in or about an amusement park or theme park so long as such
aircraft does not promote an amusement park or theme park, a malt beverage or a
snack food product; (ii) the exclusivity granted to Company hereunder with
respect to malt beverages applies only in the United States and Mexico; snack
foods only in the United States; and amusement parks and theme parks only in the
United States, Canada and Mexico; (iii) nothing herein shall prevent Operator
from operating either its blimp parking area in Kissimmee, Florida or a
blimp-oriented theme park. The provisions of this Section shall apply
notwithstanding any early termination or cancellation of the Term, including but
not limited to termination under Section 9.3.
7.2 As used herein "snack foods" means salted snacks such as potato
chips, corn chips, peanuts, pretzels, cheese curls, popcorn and similar items.
It does not include candy or fast-food such as hamburgers, french fries or basic
meal items.
7.3 Operator represents and warrants to Company that it has not
previously entered into any agreement with any third party which, if performed
after the date hereof, would violate the exclusivity granted to Company in
Section 7.1.
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8. Insurance
8.1 Operator shall, during the Term, procure and maintain, at its sole
cost and expense, a policy or policies of insurance in form and content and with
responsible insurers reasonably acceptable to Company, insurance in the
following types and amounts:
(a) Comprehensive aircraft and premises liability insurance with
respect to the use and operation of the Airship, Passenger Base and Landing Area
having a combined single limit of not less than $150,000,000, insuring and
covering Operator and Company, as their interests may appear, against all
liability for injury, damage or claims caused by or arising out of, or in
connection with, ownership, operation, maintenance or use of the Airship
Passenger Base and Landing Area, including injuries to or deaths of passengers
or third persons or damage to property.
(b) Automobile liability insurance or other general liability
insurance covering all owned, non-owned and leased automobiles, trucks,
trailers, and other vehicles and ground support equipment used by Operator in
the performance of its duties under this Agreement. Such insurance shall provide
coverage of not less than that provided for in the Standard Comprehensive
Automobile Liability Policy in limits of not less than $10,000,000 combined
single limit each occurrence for bodily injury and property damage.
(c) Worker's compensation insurance in conformity with the
statutory limits of the states in which Operator shall be required to carry such
insurance. Employer's liability shall be carried with a limit of not less than
$1,000,000 for accident or disease.
8.2 All insurance required hereby shall include the following:
(a) Company and its subsidiaries, affiliates and licensees and
their respective assigns, officers, directors and employees shall be included as
additional insureds as their interests may appear (excluding coverage under
Section 8.1(c) above);
(b) The insurers shall agree to waive their rights of subrogation
against Company and its parent companies, subsidiaries, affiliates and licensees
and their respective agents, assigns, officers, directors and employees;
(c) The inclusion of more than one corporation, person,
organization, firm or entity as insured or additional insured under the policy
of insurance shall not in any way affect the rights of any claim, demand, suit
or judgment made, brought or recovered, by or in favor of any employee of such
other insured. Each policy shall protect each corporation, person, organization,
firm or entity in the same manner, as though a separate policy had been issued
to each, but nothing herein shall operate to increase the insurer's liability as
set forth as limits to the policy beyond the amount or amounts for which the
insurers would have been liable if only one person or interest had been named as
insured;
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(d) With respect to such insurance as is afforded the additional
insureds specified above, this insurance shall be primary without right of
contribution from any other insurance which is carried by any additional
insured;
(e) Insurers agree that, in the event they cancel or materially
change such insurance policies, they will give thirty (30) days' advance written
notice of such cancellation or material change to Company; and
(f) The geographic limits of such insurance shall include at a
minimum the entire Territory.
8.3 Operator shall, upon execution of this Agreement and from time to
time as Company shall reasonably request, and prior to each renewal date of the
insurance, furnish to Company certificates evidencing that the foregoing
insurance is in full force and effect with financially sound and responsible
insurers.
9. Termination; Force Majeure
9.1 The occurrence of any of the following events will be deemed to
be, and shall be treated as, a default under this Agreement and just cause for
its termination by the nondefaulting party, which termination shall be effective
upon notice given in accordance with Section 13 hereof, and/or, at Company's
option, if Company is the non-defaulting party, extension by this Agreement:
(a) Breach or failure by either party in the due observance or
performance of any material term, covenant, warranty, representation or
agreement contained in this Agreement, which breach or failure continues
unremedied or uncorrected for a period of ten (10) days after written notice
thereof, specifying such breach and requiring it to be remedied, shall have been
given to the breaching party.
(b) Either party shall admit in writing its inability to pay its
debts, or shall make a general assignment for the benefit of creditors; or any
proceeding shall be instituted by or against such party seeking to adjudicate it
a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment or
composition of its debts under any law relating to bankruptcy, insolvency,
reorganization, or relief of debtors, or seeking appointment of a receiver,
trustee or other similar official for said party or for any substantial part of
its property, and such proceeding shall not have been dismissed within ninety
(90) days; or either party shall take any action to authorize any of the actions
set forth above in this subsection.
9.2 (a) The provisions of this Agreement are binding upon the parties
hereto except where performance by a party, or the ability to achieve the
material purposes set forth in Section 1.3, is prevented, delayed or interfered
with by causes beyond the reasonable control of the non-performing party,
including without limitation, riot, war or
14
hostilities between nations, governmental action (other than action taken in
response to Operator's or Company's violation of any law or governmental
regulation, in which case the party at fault shall not be permitted to claim the
benefit of this Section 9.2), acts of God, mechanical or equipment failures
caused by foreign objects, fire, accidents, strikes or adverse weather
conditions ("force majeure"); provided however, that force majeure shall not
include mechanical or equipment failures (other than as provided above) or
unavailability of flight crew or ground crew personnel unless attributable to
act(s) of God.
(b) The party affected by force majeure shall give notice to the
other party of said force majeure event promptly after the occurrence thereof,
stating therein the nature of the suspension of performance and reasons
therefor. Such party shall use its best efforts to resume performance as soon as
reasonably possible. Upon restoration of the affected party's ability to perform
its obligations hereunder, the affected party will give immediate notice to the
other party.
(c) Subject to Section 5.1(a), if a force majeure condition which
prevents a party's performance hereunder shall continue for a period of 60 days,
and after such 60-day period there shall be no reasonable prospect for the
prompt cure thereof despite the best efforts of the affected party to cure the
same, then either party shall have the right to terminate this Agreement in its
entirety upon 30 days' prior notice to the other party, provided that such
termination shall be effective as of the date on which the non-performing party
ceased performing hereunder due to a force majeure condition, and upon such
termination neither party hereto shall have any further liability or obligation
whatsoever to the other, other than under the terms of those provisions which
specifically survive the termination of this Agreement.
9.3 Notwithstanding anything to the contrary in this Agreement, if
during the Term it becomes necessary to cancel operations pursuant to this
Agreement due to the inability of Operator to maintain necessary permits or
authorizations from the FAA, DOT or any other governmental agency having
jurisdiction over the Airship or its use or operation, such cancellation of
operations shall continue for a period of 60 days, and after such 60-day period
there shall be no reasonable prospect for the prompt cure thereof despite the
best efforts of the Operator to remedy the same, then Company shall have the
right after such 60-day period to terminate this Agreement in its entirety upon
30 days' notice to Operator, whereupon neither party hereto shall have any
further liability or obligation whatsoever to the other, other than under the
terms of those provisions which specifically survive the termination of this
Agreement. If such condition is remedied within the aforementioned 60-day
period, the Agreement shall continue in effect for the remainder of the Term,
provided that the Term shall be extended by the number of days during which
such condition existed, and the respective obligations of the parties shall
be abated for that same period. If an event or circumstance which would
otherwise constitute a default with respect to the Company under Section 9.1(a)
also is subject to this Section 9.3, it shall be governed by this Section 9.3
and will not constitute a default.
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9.4 Upon the termination of this Agreement, Operator shall, at its
expense, remove from the Airship and all ground support vehicles and equipment
all trademarks, logo designs, color schemes and signage belonging to Company or
any of its subsidiaries, affiliates or related entities. Operator shall not
allow the Airship, vehicles or equipment to be used commercially until the
design graphics and other materials of Company are removed, which shall occur as
soon as practicable following the termination of this Agreement. All rights to
manufacture, promote, advertise or market any merchandise bearing any of the
Service Marks and Copyright Works shall expire upon the termination of this
Agreement; provided, however, that this provision shall not preclude Operator
from disposing of such merchandise on hand as of the date of termination of this
Agreement.
10. Service Marks and Copyright Works
10.1 Company grants to Operator, subject to the terms and conditions
of this Agreement, the non-exclusive, non-transferable and non-sublicensable
right to use the Service Marks and Copyright Works in connection with Operator's
use and operation of the Airship in accordance herewith (such use and operation
referred to herein as the "Services"). Nothing in this Agreement shall be deemed
to give Operator any rights to sell or distribute promotional goods or premium,
including, but not limited to, toys, games, models, banners and the like,
bearing any of the trademarks or service marks or Copyright Works owned by
Company on its own behalf or through one of its affiliated companies, including
Sea World, Inc., except as expressly approved in writing by Company. The terms
"promotional material" as used throughout this Section shall be deemed not to
include such promotional goods or premium, but includes only brochures,
billboards, pamphlets, television or radio advertisements and the like.
10.2 In order to maintain the quality reputation of the Service Marks
and the rights in the Copyright Works, all Services and promotional material
relating to the Services must receive the prior written approval of the Company,
which approval shall not be unreasonably withheld.
10.3 If requested, Operator shall provide a pre-service flight, at
Operator's own expense, to individuals designated by the Company at a mutually
agreed upon time prior to the offering of the Services for sale to the public.
The Operator shall submit at its own cost proposed promotional material relating
to the Services prior to the Services being offered for sale to the public. The
Operator shall not offer for sale to the public the Services without first
obtaining in writing the Company's approval of Services, promotional material
and facilities. Within ten (10) days of the aforementioned pre-service flight,
submission of promotional materials and inspection of facilities, the Company
shall provide the Operator, in writing, with approval or disapproval of the
Services, promotional material or facilities.
10.4 (a) Operator shall maintain the same quality of Services,
promotions and facilities relating to the Services as that offered to and
approved by the Company. Operator agrees to provide upon prior request, the
opportunity for representatives of the
16
Company to take a reasonable number of flights on the Airship. Operator shall
also provide to the Company the opportunity to inspect the facilities at
reasonable periodic intervals at the prior request of the Company and at no cost
to the Company. Operator also agrees to provide upon demand a reasonable number
of samples of the promotional material relating to the Services at no cost to
the Company for the periodic quality control inspection of the promotional
materials.
(b) If during the term of this Agreement there is to be any
change in the Services, the promotion of the Services, or in the facilities
where the Services are being offered, the Operator must comply with the
provisions of Section 10.3 for the changed Services, promotion materials or
facilities before the change is made.
(c) Operator shall not sell, offer for sale, market, distribute
or use for any purpose, or permit any third party to sell, offer for sale,
market, distribute or use for any purpose, Services or promotional materials
relating to the Services which are defective or otherwise fail to meet Company's
specifications, previously approved quality standards, or the service xxxx and
copyright usage and notice requirements of this agreement. If, in the Company's
reasonable judgment, the Services, or any promotional material or facilities
relating to the Services, are defective or otherwise fail to meet the previously
approved quality standards of the Company or the service xxxx or copyright usage
and notice requirements of this Agreement, then, upon Company's demand, Operator
will cease the sale and the offering for sale of the Services and will cease
distribution of such promotional materials until the failure is corrected and
Company's written approval of the correction is given, which approval shall not
be unreasonably withheld. If requested by the Company, Operator will recall any
substandard promotional material relating to the Services to Operator's
facilities at Operator's sole expense.
10.5 (a) Operator covenants and agrees not to make any unlicensed uses
or to file any application for registration of any of the Service Marks,
Copyright Works or any marks or works similar thereto.
(b) Operator acknowledges the validity of and Company's title, on
its own behalf or through its affiliated company, Sea World, Inc., to the
Service Marks and the Copyright Works and shall not at any time do or suffer to
be done any act or thing which will in any way impair the rights of Company in
and to the Service Marks and Copyright Works. Company and Operator understand
and agree that Operator shall not acquire and shall not claim any title to the
Service Marks or Copyright Works by virtue of the license granted to Operator or
through Operator's use of the Service Marks or Copyright Works.
10.6 (a) If Operator learns of any infringements of the Service Marks
or Copyright Works or of the existence, use or promotion of any xxxx or design
similar to the Service Marks or the Copyright Works, Operator shall promptly
notify Company. Company has the right to decide at Company's sole discretion
what legal proceedings or other action, if any, shall be taken, by whom, how
such proceedings or other action shall be conducted
17
and in whose name such proceedings or other action shall be performed. Any legal
proceedings or other action instituted pursuant to this section shall be for the
sole benefit, and at the sole expense, of Company.
(b) Operator agrees to cooperate with Company in the prosecution
of any Service Xxxx or Copyright Works applications that Company may desire to
file or in the conduct of any litigation relating to the Service Marks or
Copyright Works, at the cost of Company. Operator shall supply to Company such
sales information, invoices, promotional materials, advertisements, photograph
and similar material and, upon Company's request, shall procure evidence, give
testimony and cooperate with Company as may reasonably be required in connection
with any such application or litigation. Furthermore, if Company makes
modifications in the appearance of any of the Service Marks, the Operator, if
required by Company, shall use only the new version of the modified Service
Xxxx. Operator shall also provide Company with a duplicate original of invoices,
receipts or other evidence showing sales of the Services were actually
completed.
10.7 (a) Operator's use of any of the Service Marks shall, depending
upon the directions provided by Company, in every instance be combined with one
of the following notices: (i) Reg. U.S. Xxx. & TM. Off.; (ii) 'r';
(iii) Service Xxxx of Sea World, Inc.; or (iv) such other similar language
as shall have the prior, written approval of Company. Operator shall not use
any language or display the Service Marks in such a way as to create the
impression that the Service Marks belong to Operator. Operator waives all
claims to any rights in Operator's use, advertising or display of the Service
Marks beyond the limited permission to use the Service Marks granted in this
Agreement.
(b) Operator's use of any of the Copyright Works shall display in
every instance the appropriate copyright notice as provided by Company. Operator
shall not use any language or display the Copyright Works in such a way as to
create the impression that the Copyright Works belong to Operator. Operator
waives all claims to any rights in Operator's use, advertising or display of the
Copyright Works beyond the limited permission to use the Copyright Works granted
in this Agreement.
(c) In addition to the provisions set forth in Section 3.2
hereof, Company and Operator agree and intend that all artwork and designs
created by Operator or any other entity and used with the Service Marks or in
the sale of the Services are works made for hire within the meaning of the
United States Copyright Act and shall be the property of the Company which shall
be entitled to use and license others to use such artwork and designs subject to
the provisions of this Agreement. To the extent any artwork or design created by
Operator or any other entity and used with the Service Marks are not works made
for hire, Operator assigns to Company the copyright in such artwork or designs.
Upon request, Operator will provide Company with a writing acknowledging that
artwork and designs created by Operator or any other entity and used with the
Service Marks or in the sale of the Services are works made for hire. Likewise,
upon request, Operator will provide Company with a writing assigning the
copyrights in any artwork and designs created
18
by Operator or any other entity and used with the Service Marks or in the sale
of the Services. One of the following notices (or such other notice as shall
have the prior, written approval of Company) shall appear at least once on each
piece of promotional material for the Service using such artwork or designs used
with the Service Marks or in the sale of the Services: (i) 'c' (year of first
publication) Sea World, Inc.; (ii) 'c' (year of first publication)
Anheuser-Xxxxx Companies, Inc.
(d) The use of any word, name, symbol or device to identify or
distinguish the Services shall inure to the benefit of Company. The use of any
such word, name, symbol or device in connection with the Services shall be made
only with Company's prior written approval. All service xxxx rights in any such
work, name, symbol or device shall belong to Company and shall be exercised by
Operator only pursuant to Company's prior written approval.
11. Confidentiality
Except as may be required by law or to obtain a permit or other
authorization for the operation of the Airship, no party to this Agreement shall
divulge to any third party the contents of this Agreement or any information
(which is not publicly available) gained in the performance of this Agreement,
except to the extent necessary, normal or appropriate for the purposes
contemplated hereunder, and information by way of plans or other documentation
marked "Confidential" by a party and made available to the other parties shall
not be made available to third party without the written consent of the
disclosing party. Neither party shall issue any press release or otherwise
publicly divulge any information relating to this Agreement without the prior
approval of the other party, which approval shall not be unreasonably withheld.
12. Audit Rights
12.1 Company (or its representatives) shall have the right at any time
during the Term during normal business hours, upon seventy-two (72) hours'
notice, to examine Operator's pertinent books and records which books and
records shall be kept and maintained in accordance with generally accepted
accounting principles consistently applied, to determine whether all invoices
and other charges submitted to Company by Operator are in all respects in
accordance with this Agreement.
12.2 In the event a discrepancy is discovered during an audit referred
to in 12.1 above, the discovering party shall provide written notice to the
other party explaining such asserted discrepancy in detail. In the event the
other party agrees with such asserted discrepancy, appropriate reimbursement
shall be promptly made. In the event the other party disagrees with the asserted
discrepancy, such dispute shall be submitted to a firm of nationally recognized
independent certified public accountants mutually acceptable to Company and
Operator, and the decision of such firm shall be binding. The losing party shall
be solely responsible for the fees and expenses of such independent accounting
firm.
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The provisions of this paragraph shall survive the expiration or termination of
this Agreement.
12.3 For a period of two (2) years following the termination of this
Agreement, Operator shall maintain such books and records (collectively,
"Records") as are necessary to substantiate that (i) all in invoices and other
charges submitted to Company for, payment hereunder were valid and proper and
(ii) no payments have been made, directly or indirectly, by or on behalf of
Operator to or for the benefit of any Company employee or agent who may
reasonably be expected to influence either Company's decision to enter into this
Agreement or the amount to be paid by Company pursuant hereto. (As used herein,
"payments" shall include money, property, services and all other forms of
consideration.) All Records shall be maintained in accordance with generally
accepted accounting principles consistently applied. Company and/or its
representative shall have the right at any time during normal business hours,
upon twenty-four (24) hours' notice, to examine said Records. The provisions of
this paragraph shall survive the expiration or earlier termination of this
Agreement.
13. Notices
All notices, requests, demands, claims and other communications
required or permitted to be given pursuant to this Agreement shall be in writing
and shall be deemed duly given if delivered personally or sent by registered
airmail, overnight courier, telecopy or telex addressed as follows.
If to Operator:
AIRSHIP INTERNATIONAL LTD.
0000 Xxxx Xxxx Xxxx
Xxxxxxx, Xxxxxxx 00000
Attn: Xxxxx X. Xxxxxxxx
Fax: 000-000-0000
with a copy to:
Xxxx Marks & Xxxxx
000 Xxxxx Xxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxx X. Xxxxxxxxxx, Esq.
Fax: 000-000-0000
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If to Company:
ANHEUSER-XXXXX COMPANIES, INC. - Flight Operations
00000 Xxxxxx
Xxxxxxxxxxxx, Xxxxxxxx 00000
Attn: Xxxx X. Xxxxx
Fax: 000-000-0000
with a copy to:
ANHEUSER-XXXXX COMPANIES, INC.
Xxx Xxxxx Xxxxx
Xx. Xxxxx, Xxxxxxxx 00000
Attn: Xxxxx X. Xxxxxxx, Esq.
Fax: 000-000-0000
The parties may at any time change their address, telex or telefax
numbers for the purpose hereof by giving notice to the others in the manner
specified above. Notices shall be effective upon the date of transmission in the
case of a telex or fax, seventy-two (72) hours after mailing in the case of a
registered letter, and the day after mailing in the case of overnight courier.
14. Liability and Indemnity
14.1 Operator hereby assumes liability for, and hereby agrees to
indemnify, reimburse, protect, save and hold harmless the Company, its
subsidiaries and affiliates and their successors, assigns, agents, employees and
servants from and against, all claims, actions, suits or legal proceedings, in
connection with the design, manufacture, purchase, ownership or operation of the
aircraft, ground support vehicles and equipment. This indemnity shall not
however extend to (i) claims arising from the advertising and promotion of the
Company's advertising copy on the Airship or; (ii) any injury due solely to the
negligence or intentional acts of the Company or its officers, directors, agents
or employees.
14.2 The Company hereby assumes liability for and hereby agrees to
indemnify, reimburse, protect, save and hold harmless Operator, its successors,
assigns, agents, employees and servants, from and against, any and all claims,
actions, suits, or legal proceedings, in any way related to the advertising and
promotion of Client's and its third-party advertiser's advertising copy on the
Airship or, any injury due solely to the negligence or intentional acts of the
Company or its officers, directors, agents or employees.
15. Independent Contractors
15.1 The parties shall be and act as independent contractors, and
under no circumstances shall this Agreement be construed as one of agency,
partnership, joint venture
21
or employment between the parties. Each party acknowledges and agrees that it
neither has nor will give the appearance or impression of having any legal
authority to bind or commit the other party in any way.
15.2 Notwithstanding anything in this Agreement to the contrary, the
parties hereto acknowledge that the essential purpose of this Agreement is
aerial advertising and promotion on behalf of Company and its affiliate and that
Company undertakes and shall have no greater responsibility or liability with
respect to the Airship (including all support equipment and staff) than it would
in acquiring any other advertising space.
16. Governing Law
The interpretation, validity and performance of this Agreement shall
be governed by the laws of the State of New York.
17. No Assignment: Company Subsidiaries Included
Neither party shall assign its rights and/or obligations under this
agreement without the prior written approval of the other party. This agreement
and all of the terms and provisions hereof will be binding upon, and will inure
to the benefit of, the parties hereto and their respective successors and
approved assigns. Notwithstanding the foregoing, (i) Operator acknowledges and
agrees that all references to "Company" in this Agreement shall include, at the
option of Anheuser-Xxxxx Companies, Inc., any of its direct or indirect
subsidiaries; provided, however, that Anheuser-Xxxxx Companies Inc. shall be
ultimately responsible for the due and punctual performance of all obligations
of "Company" herein; and (ii) Company acknowledges that Operator may assign
Operator's right to receive any payments due from Company.
18. Miscellaneous
18.1 This Agreement is the only agreement existing between the parties
hereto regarding the subject matter hereof and there are no other
representations, covenants, warranties or agreements between the parties hereto
not therein contained and set forth in full. Any prior agreements and
understandings regarding the subject matter hereof are hereby revoked and
cancelled. This Agreement may be amended only by an agreement in writing
executed by all parties.
18.2 The failure of any party to object to or to take affirmative
action with respect to any conduct of any other party which is in violation of
the terms of this Agreement shall not be construed as a waiver thereof, nor of
any future breach or subsequent wrongful conduct.
22
18.3 Except as otherwise specifically provided in this Agreement, each
party shall be responsible for any expenses incurred by such party in connection
with performance of its obligations under this Agreement.
18.4 The rights and remedies set forth herein are intended to be
cumulative, and the exercise of any one right or remedy by either party shall
not preclude or waive its exercise of any other rights or remedies hereunder or
pursuant to law or equity.
18.5 The Section headings set forth herein are for convenience only
and do not constitute a substantive part of this Agreement.
18.6 The rights and privileges granted to Company hereunder are
special, unique, extraordinary and impossible of replacement, which gives them a
peculiar value, the loss of which could not be reasonably or adequately
compensated in damages in an action at law, and Operator's failure or refusal to
perform its obligations hereunder would cause Company irreparable loss and
damage. If Operator fails or refuses to perform such obligations, Company shall
be entitled to injunctive or other equitable relief against Operator to prevent
the continuance of such failure or refusal or to prevent Operator from granting
rights to others in violation of this Agreement. In no event, however, shall
Company be entitled to consequential damages arising from the loss of use of the
Airship, including but not limited to sales revenues or profits which may have
been lost due to loss of the Airship for advertising and promotional purposes.
18.7 Notwithstanding termination of this Agreement pursuant to any
provision hereof, such termination shall not relieve any party of any obligation
hereunder which, by its terms, survives or is to be performed after such
termination, including without limitation those relating to exclusivity as set
forth in Section 7 above and the Passenger Base as set forth in Section 2.1
above.
18.8 This Agreement may be executed in two or more counterparts, each
of which shall be deemed an original and all of which, taken together, shall be
one and the same instrument.
23
IN WITNESS WHEREOF, this Agreement is executed on behalf of the parties
hereto by their duly, authorized representatives as of the day and year first
above written.
AIRSHIP INTERNATIONAL LTD.
/s/ XXXXX X. XXXXXXXX
By:_______________________________
President
Title:_____________________________
ANHEUSER-XXXXX COMPANIES, INC.
/s/ Xxxx X. Xxxxx
By:_______________________________
Title:_____________________________
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SCHEDULE A
Royalties
The sale of any Airship merchandise by Operator or the royalties on the
sale of any Airship Merchandise by Company shall be subject to the Permission
Agreement, dated as of January 1, 1994, between Operator and Anheuser-Xxxxx,
Incorporated.
25