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Exhibit 10.45  

CONFORMED COPY  

  
 

    FIRST AMENDMENT    
    
    TO MARRIOTT-TCBY JOINT VENTURE AGREEMENT    
    

        THIS AMENDMENT to the Marriott-TCBY Joint Venture Agreement is made and entered into effective as of January 1, 1990, by and between TCBY
Enterprises, Inc., a Delaware corporation with its principal office at 1100 TCBY Tower, 425 West Capitol, Little Rock, Arkansas 72201 and TCBY Systems, Inc., an Arkansas
corporation with its principal office at 1100 TCBY Tower, 425 West Capitol, Little Rock, Arkansas 72201 (collectively the "COMPANY") and Marriott Corporation, a Delaware corporation with
its principal office at Marriott Drive, Washington, DC 20058 ("MARRIOTT") and amends the agreement between the COMPANY and MARRIOTT made and entered into effective as of June 1, 1989 (the
"Agreement"). 

1.    Continuing
Effect of Agreement. Unless otherwise stated herein, all terms and conditions of the Agreement shall continue in effect and with full force. Defined terms in the Agreement
appearing in language to be added to the Agreement as set forth in this First Amendment shall have the same meaning as set forth in the Agreement. 

2.    Adjustments
to Development Costs. Section 8 A of the Agreement shall be modified by the addition of the following at the end of that section: 

In
computing the cost of each initial STORE equipment package, CART, and equipment for each CART, freight to the STORE location shall be included in the cost. In addition, cabinets and counters for
use at a STORE shall be included in the cost of the initial STORE equipment package if such are purchased from an affiliate company of the COMPANY. Excluded from the cost of each initial STORE
equipment package, and therefore not to be considered as an offset or payment in kind, are (i) cash registers or other point of sale cash-handling equipment and (ii) soft
drink dispensing equipment, both of which shall be furnished by MARRIOTT at MARRIOTT's sole expense. 

3.    Development
of CART Locations. The following shall be added to the end of section 3 A of the Agreement as a continuation of the last paragraph of that subsection: 

Notwithstanding
the foregoing, from time to time MARRIOTT may request and the COMPANY may grant the right to MARRIOTT to operate a CART at locations at which no STORE is operating, but at all times
the COMPANY retains the absolute and sole discretion in this regard. In the event the COMPANY grants such rights, then the operation of any such CART operating independently of a STORE shall be
undertaken in compliance with the terms and conditions of this Agreement, but at no time shall the placement of a CART at a location independent of a STORE act to fulfill development obligations of
MARRIOTT as set forth in this Agreement, and further, the costs associated with placement of any CART to be operated independently of a STORE shall be borne completely by MARRIOTT and not be subject
to contribution by the COMPANY. 

        IN
WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have executed this Agreement effective as of the date first above written. 

	Attest:	 	MARRIOTT CORPORATION
	

/s/  C. TOWNSEND      
	
 	

By:	
 	

/s/  WILLIAM J. SHAW      

	Assistant Secretary	 	 	 	(Signature)
	

(S E A L)	
 	

Title:	
 	

Vice President

	 	 	 	 	(Type or Print)

	

Attest:	
 	

TCBY ENTERPRISES, INC.
	

/s/  BETTE CLAY      
	
 	

By:	
 	

/s/  WILLIAM P. CREASMAN      

	Secretary	 	 	 	(Signature)
	

(S E A L)	
 	

Title:	
 	

Sr. Vice President

	 	 	 	 	(Type or Print)
	

Attest:	
 	

TCBY SYSTEMS, INC.
	

/s/  BETTE CLAY      
	
 	

By:	
 	

/s/  WALT WINTER      

	Secretary	 	 	 	(Signature)
	

(S E A L)	
 	

Title:	
 	

Sr. Vice President

	 	 	 	 	(Type or Print)

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FIRST AMENDMENT TO MARRIOTT-TCBY JOINT VENTURE AGREEMENTQuickLinks
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Exhibit 10.46  

        CONFORMED COPY  

  
 
SECOND AMENDMENT
  TO MARRIOTT-TCBY JOINT VENTURE AGREEMENT    
    

        THIS AMENDMENT to the Marriott-TCBY Joint Venture Agreement is made and entered into effective as of March 1,1991, by and between TCBY
Enterprises, Inc., a Delaware corporation with its principal office at 1100 TCBY Tower, 425 West Capitol, Little Rock, Arkansas 72201 and TCBY Systems, Inc., an Arkansas corporation with
its principal office at 1100 TCBY Tower, 425 West capitol, Little Rock, Arkansas 72201 (collectively the "COMPANY") and Marriott Corporation, a Delaware corporation with its principal office at
Marriott Drive, Washington, DC 20058 ("MARRIOTT") and amends the agreement between the COMPANY and MARRIOTT made and entered into effective as of June 1,1989 and the First Amendment thereto
dated as of January 1, 1990 (collectively the "Agreement"). 

1.    Continuing Effect of Agreement.    Unless otherwise stated herein, all terms and conditions of the Agreement shall continue in
effect and with full force. Defined terms in the Agreement appearing in language to be added to the Agreement as set forth in this Second Amendment shall have the same meaning as set forth in the
Agreement. 

2.    Dodger Stadium Locations.    section 2C of the Agreement is hereby modified by adding the following at the end of that
section: 

MARRIOTT
shall operate STORES and CARTS at the Los Angeles Dodger Stadium, 1000 Elysian Park Avenue, Los Angeles, California, on the same terms and conditions as required under the Agreement, except
(a) notwithstanding Section 8A of the Agreement, for this location the COMPANY shall contribute half of all initial equipment costs for STORES and CARTS, (b) there shall be no
limit on the number of CARTS at this location and such CARTS as may be operated at this location shall not be counted in computing the limitation on number of CARTS set forth in section 8A,
(c) section 3 notwithstanding, the COMPANY shall have sole and absolute discretion to approve each and every STORE and/or CART SITE at this location, and MARRIOTT shall not commence
development of any such SITE without first obtaining the COMPANY'S written approval, (d) upon the fifth (5th) anniversary of operations at each SITE at the location Marriott shall have the
option to purchase all equipment at such SITE for a price of One Dollar ($1.00), (e) MARRIOTT shall commence operating a minimum of eight (8) CARTS at this location as soon as
practicable after execution hereof, and (f) every STORE or CART operated at this location shall be operated only at times which are consistent with the opening and closing of Dodger Stadium and
as are reasonably prudent in the
opinion of MARRIOTT. The COMPANY shall contribute the sum of One Hundred Seventy-five Thousand Dollars ($175,000) for the purchase of CARTS and other fixtures and equipment at Dodger
Stadium; this contribution shall be made in kind in the form of equipment provided by the COMPANY or an affiliate thereof. 

        IN
WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have executed this Second Amendment effective as of the date first above written. 

	Attest:	 	MARRIOTT CORPORATION
	

/s/  MICHAEL B. LICHTENSTEIN      
Assistant Secretary	
 	

By:	
 	

/s/  WILLIAM W. (ILLEGIBLE)      
 (Signature)
	

(S E A L)	
 	

Title:	
 	
Vice President
 (Type or Print)
	

Attest:	
 	

TCBY ENTERPRISES, INC.
	

/s/  BETTE CLAY      
Secretary	
 	

By:	
 	

/s/  WILLIAM P. CREASMAN      
 (Signature)
	

(S E A L)	
 	

Title:	
 	
Senior Vice President
 (Type or Print)
	

Attest:	
 	

TCBY SYSTEMS, INC.
	

/s/  BETTE CLAY      
Secretary	
 	

By:	
 	

/s/  WILLIAM P. CREASMAN      
 (Signature)
	

(S E A L)	
 	

Title:	
 	
Senior Vice President
 (Type or Print)

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SECOND AMENDMENT TO MARRIOTT-TCBY JOINT VENTURE AGREEMENTQuickLinks
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Exhibit 10.47  

        CONFORMED COPY  

  
 

    THIRD AMENDMENT
  TO MARRIOTT-TCBY JOINT VENTURE AGREEMENT    
    

        THIS AMENDMENT to the Marriott-TCBY Joint Venture Agreement is made and entered into effective as of October 1, 1991, by and between TCBY
Enterprises, Inc., a Delaware corporation with its principal office at 1100 TCBY Tower, 425 West Capitol, Little Rock, Arkansas 72201 and TCBY Systems, Inc., an Arkansas corporation with
its principal office at 1100 TCBY Tower, 425 West capitol, Little Rock, Arkansas 72201 (collectively the "COMPANY") and Marriott Corporation, a Delaware corporation with its principal office at
Marriott Drive, Washington, DC 20058 ("MARRIOTT") and amends the agreement between the COMPANY and MARRIOTT made and entered into effective as of June 1, 1989 and the First and Second
Amendments thereto dated as of January 1, 1990 and March 1, 1990 respectively (collectively the "Agreement"). 

1.    Continuing
Effect of Agreement. Unless otherwise stated herein, all terms and conditions of the Agreement shall continue in effect and with full force. Defined terms in the agreement
appearing in language to be added to the Agreement as set forth in this Third Amendment shall have the same meaning as set forth in the Agreement. 

2.    Other
Locations. In the event MARRIOTT wishes to develop a STORE at any location other than SITES located at airports or turnpike travel plazas as such are defined and limited in
section 2 of the Agreement, which the parties acknowledge may be in unconventional and nontraditional locations for the SITES, and if MARRIOTT identifies such locations to the COMPANY pursuant
to section 2 C of the Agreement and the COMPANY wishes to go forward with STORE development under the same terms and conditions as set forth in the Agreement, then a letter executed by an
authorized officer of MARRIOTT identifying the location in question, if countersigned by the President of TCBY National Sales Company, Inc., shall suffice to include such location within and
make the transactions contemplated thereby subject to the terms and conditions of the Agreement to the extent they apply; specifically excluded from the Agreement shall be any and all exclusivity
rights enuring to MARRIOTT's benefit for such locations and the competition restrictions upon MARRIOTT contained in section 16 D of the Agreement. In the event the location in question is to be
developed upon terms other than as set forth above, then the letter executed by the authorized officer of MARRIOTT shall fully state such differences and, if countersigned by the President of TCBY
National Sales Company, Inc., shall act to amend the Agreement (but only to the extent stated). 

3.    Training.
Notwithstanding the provisions in Section 4 A of the Agreement, for each SITE developed pursuant to this Third Amendment, Company agrees to furnish MARRIOTT
on-site training and opening assistance ranging from one to five days, as the parties may mutually agree. 

4.    Equipment
Costs and Surcharges. Section 8 C of the Agreement shall be modified by adding the following to the end of such section: In addition to the foregoing and the
provisions of section 8 A, in the event MARRIOTT elects for any location at its sole expense to bear the entire cost of any initial STORE equipment package or CART and equipment for a CART (as
the suitability of either may be approved by the COMPANY for each location consistent with the terms of this Agreement), then the distribution in respect of contributions and efforts shall be
decreased to One Dollar and Twenty-five Cents for every gallon ($1.25/gal.; or $5.00 per four-gallon case) of product purchased by MARRIOTT; and in the event MARRIOTT and the
COMPANY agree that the COMPANY for any location shall bear the entire cost of any initial STORE equipment package or CART and equipment for a CART, then the distribution in respect of contributions
and efforts shall be increased to Two Dollars and Ninety-four Cents for every gallon ($2.94/gal.; or $14.70 per four-gallon case) of product purchased by MARRIOTT.

        IN
WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby, have executed this Second Amendment effective as of the date first above written. 

	Attest:	 	MARRIOTT CORPORATION
	

/s/  ROBYN ANNE D.      
 Assistant Secretary	
 	

By:	
 	

/s/  WILLIAM J. SHAW      
 (Signature)
	

(S E A L)	
 	

Title:	
 	

Vice President
 (Type or Print)
	

Attest:	
 	

TCBY ENTERPRISES, INC.
	

/s/  (ILLEGIBLE)      
 Secretary	
 	

By:	
 	

/s/  BETTE CLAY      
 (Signature)
	

(S E A L)	
 	

Title:	
 	

Senior Vice President Admin
 (Type or Print)
	

Attest:	
 	

TCBY SYSTEMS, INC.
	

/s/
 Secretary	
 	

By:	
 	

/s/  BETTE CLAY      
 (Signature)
	

(S E A L)	
 	

Title:	
 	

Senior Vice President Admin
 (Type or Print)

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THIRD AMENDMENT TO MARRIOTT-TCBY JOINT VENTURE AGREEMENT

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