Document:

gss_ex10-4.htm

    

      ONE
STORE EQUIPMENT TEST AGREEMENT

      

      This
Agreement, when executed by the parties, represents the agreement between Global
Smoothie Supply, Inc. (“GSS”) and 7-Eleven (the “Company”) to test market and
evaluate the GSS Smoothie S3
Equipment (the “Equipment”) in one (1) 7-Eleven store #26885 located at
6833 Northwest Highway, Dallas, Texas (the “Test Store"), (collectively the
“Test Agreement”):

      

      Test
Agreement Terms:

      

      1. License: Company hereby
grants to GSS a license to install and maintain the Equipment at the Test Store
for the period of time beginning August 10, 2009 through November 13, 2009 (the
“Test Period”) unless this Test Agreement is earlier terminated as set forth in
the Test Agreement.

      

      2. Installation/Removal: GSS
will, at its sole cost and expense, deliver and install the Equipment in the
Test Store. The Equipment will be installed and operated in an agreed upon area
in the Test Store, easily accessible to the Company’s customers and employees
and to GSS's installers and maintenance employees and contractors, meeting the
following space and power supply Requirements:

      

      
        	
                 
      

              	
                •
      Counter top location.

              

      

      
        	
                 
      

              	
                •
      Two (2) dedicated 20A circuits and minimum of 3 110V electrical outlets.
      (GSS Smoothie S3
      Equipment, Ice-O-Matic ice cuber and one under counter back-up water
      heater)

              

      

      
        	
                 
      

              	
                •
      Hot and cold water supply to
counter

              

      

      
        	
                 
      

              	
                •
      Access to floor drain

              

      

      

      Within
ten (10) days of the termination of the Test Agreement, GSS will, at its sole
expense, remove the Equipment, and restore the Test Store to its condition prior
to installation, ordinary wear and tear excepted.

      

      3. Title/Access/Risk of Loss:
GSS has, and will at all times retain, title to the Equipment. Company will
permit GSS and its contractors thereto access to the Test Store, at such
reasonable times as GSS may reasonably requests and upon reasonable prior
notice. GSS agrees that it will bear the entire risk of loss and risk of damage
to the Equipment and related equipment during the Test Agreement.

      

      4. Product and Cups. During
the Test Term, the Test Store shall purchase the Product Mix and Sanitizer at
the prices set forth in Exhibit A.

      

      5. Repair & Maintenance
Fee: GSS will, at its sole cost and expense, perform any maintenance
repairs required to fix or replace the Equipment at the Test Store and will
maintain same in good operating condition.

      

      6. Taxes: Except for any taxes
levied on Company for the sale of the GSS products, GSS will collect and pay all
sales, use or similar taxes levied revenue generated from the operation of, or
personal property taxes on, the Equipment the Test Store. Each party will be
responsible for the payment of any income taxes based upon any revenue it may
receive therefrom.

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      

      7. Insurance/Indemnification:
GSS will defend, indemnify, pay and hold harmless Company, its parent companies,
its affiliates and subsidiary companies, and their respective officers,
directors and employees against any claims, actions, damages, losses, and
expenses (including court costs and reasonable attorney’s fees) arising from or
incident to: (i) any death, personal injury or damage to tangible property to
the extent such death, inquiry or damage results from GSS's negligence or
willful misconduct including that of its subcontractors with respect to the
installation, operation, maintenance and repair of the Equipment at the Test
Store; (ii) any liability of any nature or kind for or on account of any
allegation  or finding of a violation of any patent, trademark,
copyright or contractual or other rights of any third parties arising from the
purchase, use or sale by 7-Eleven or the Stores of the Equipment; and (iii) from
any consumer complaint, claim or legal action whatsoever, alleging damages,
death, illness or injury to the extent that is due, in whole or in part, to
GSS's actions, omissions, negligence, gross negligence or otherwise. GSS will,
at its own cost and expense, obtain and maintain adequate insurance from a
reputable insurance company, insuring against any and all public liability,
including death to persons and damages to tangible property arising from or
incident to the installation and/or operation of the GSS Smoothie S3
Equipment at the Test Store. Company shall be named as an additional
insured on such policies and GSS shall furnish Company with certificates
evidencing such coverage is in effect and not cancelable without thirty (30) day
notice to Company.

      

      8. Contact Information: GSS
and Company have designated the following individuals as contacts for all
information, notices and requests regarding the terms hereof:

      

      Primary
GSS Contact:

      

      David
Tiller, CEO

      Global
Smoothie Supply, Inc.

      4428
University Blvd.

      Dallas,
TX 75205

      214-769-0836

      

      Primary
Company Contact:

      

      Mr. Jay
Wilkins

      7-Eleven,
Inc.

      1722
Routh Street

      Dallas,
TX 75201

      (214)
828-2939

      

      9. Termination/Expiration: In
the event that either party breaches or defaults in its performance of any of
its obligations under this Agreement, the non-breacing/non-defaulting party may
terminate this Agreement on fifteen (15) days written notice unless the
breaching/defaulting party cures the breach or default within the notice period.
Company may at any time terminate this Test Agreement without cause upon thirty
(30) days prior written notice to GSS. Unless this Test Agreement is extended
upon the mutual agreement of the parties, this Test Agreement will expire at the
end of the Test Period.

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      10. Choice of Law: The terms
hereof will be interpreted and construed under the internaI laws of the state of
Texas, without regard to conflict of laws principles.

      

      11. Successors and Assigns:
The terms hereof shall be binding upon and inure to the benefit of the
successors and assigns of the parties.

      

      12. Waiver: No term hereof
will be deemed waived and no breach excused unless such waiver or consent is in
writing and signed by the party claimed to have waived or consented
thereto.

      

      13. Independent Contractor:
The parties acknowledge that each is an independent contractor of the other;
that each party operates as a separate and independent entity from one another;
and, that the terms hereof are not intended to create an employer/employee
principal/agent, partnership or joint venture agreement between
them.

      

      14. Entire Agreement
Modification: The terms hereof and any exhibits hereto constitute the
entire agreement between the parties concerning the subject matter hereof, and
supersede any proposal or prior agreement, oral or written, and any other
communication concerning such subject matter and may only be modified in a
writing signed by both parties stating specifically that it is an amendment
thereto.

      

      IN WITNESS WHEREOF, the
parties have caused this agreement to be executed by their undersigned duly
authorized representatives as of the date first set forth above.

      

      
        	
                Company

              	
                GSS

              
	
                7-Eleven,
      Inc.

              	
                Global
      Smoothie Supply, Inc.

              
	 
      	 
      
	
                By:
      /s/ Paul Pierce

              	
                By:
      /s/ David C. Tiller

              
	
                Paul
      Pierce

              	
                David
      C. Tiller

              
	
                Sr.
      Dir. Mdse

              	
                CEO

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      EXHIBIT
A

      

      PRODUCT
MIX AND SANITIZER PRICING

      

      
        	
                2.5
      Gal. Bag-In-Box Smoothie Puree

              	
                $54.00

              
	
                1-Gal.
      Ala-Quat Sanitizer

              	
                $23.50

              

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      

      
        
           

        

        
          4gss_ex10-5.htm

    

      

      GLOBAL
SMOOTHIE SUPPLY, INC.

      Employment
Agreement

      

      

      This Employment Agreement ("Agreement")
is made and entered into by and between David C. Tiller ("TILLER") and The
Global Smoothie Supply, Inc. ("GSS"), collectively "the parties."  The
effective date of this Agreement is upon receipt of funding by GSS in an amount
of not less than $1,000,000 in the aggregate (the "Effective
Date").

      

      l.           Position:
During the term of this Agreement, TILLER shall be employed by GSS as its Chief
Executive Officer and shall be elected a director of GSS's Board of Directors
(the "Board").

      

      2.           Term:

      

      (a)           GSS's
Commitment to TILLER: The initial term shall commence on the Effective Date and
continue until October 30, 2014.

      

      (b)           TILLER's
Commitment to GSS: TILLER commits to work for GSS during the initial term (i.e.,
from the Effective Date through October 15, 2014).

      

      3.           Annual
Salary: TILLER' annual salary shall be One Hundred Fifty Thousand Dollars
($150,000.00), paid prorata in approximately equal amounts on the first and
fifteenth days of each calendar month, commencing on the Effective
Date.  Such salary may be increased in the discretion of the Board,
but cannot be reduced.

      

      4.           Bonuses:

      

      (a)           Commencing
with the bonus period that ends on December 31, 2009, TILLER shall be eligible
to receive an annual performance bonus. The Board shall have discretion to award
such bonus to TILLER, as it may deem appropriate.

      

      5.           Termination
By Executive: Executive shall have no personal liability for damages to GSS for
voluntarily terminating his employment at any time, with or Without Good Reason,
so long as he gives at least thirty (30) days prior written notice.

      

      6.           Non-Competition:
If TILLER's employment with GSS is terminated for any reason that entitles him
to receive severance benefits, they shall be at least equal to TILLER’s then
current salary for one year.  In consideration therefore TILLER, for a
period of one year immediately following his last day of active service, shall
abide by the following covenants and restrictions:

      

      (a)           Non-Competition:
He shall not Participate in the management
of a business entity that deals in Covered Products, unless that
entity is merely a retailer or consumer of Covered Products, who does
not compete against GSS in any way.

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

      

      (b)           Raiding
Employees: He shall not directly or indirectly solicit or encourage any Existing
GSS Employee to leave GSS or to accept any position with any other
company.

      

      (c)           Non-Disclosure:
He shall not use or disclose to anyone any Confidential Information
regarding GSS.

      

      (d)           Definitions:
The following definitions shall apply to the italicized terms used in
subsections 6(a) and 6(c) above:

      

      (i)           "Covered
Products" means any product which falls into one or more of the following
categories, so long as GSS is producing, marketing, distributing, selling or
licensing such product anywhere in the world: fruit puree smoothies, health and
sports drinks and beverages marketed as thirst quenchers or as healthy; and
items GSS produces for the food service market.

      

      (ii)           "Participate"
shall be construed broadly to include, without limitation:

      

      (A)  holding a position in
which TILLER directly manages such a business entity;

      

      (B)           holding
a position in which anyone else who directly manages such a business entity is
in TILLER's reporting chain or chain-of command, regardless of the number of
reporting levels between them;

      

      (C)           providing
input, advice, guidance, or suggestions regarding the management of such a
business entity to anyone responsible therefor;

      

      (D)           providing
a testimonial on behalf of such an operation or the product it produces;
or

      

      (E)           doing
anything else which falls within a common sense definition of the term
"participate" as used in the present context.

      

      (iii) "Existing GSS Employee" means
someone: (A) who became employed by GSS before TILLER's active service
terminates; and (B) who is still employed by GSS as of the date when the
facilitating act or solicitation takes place; and (C) who holds a manager,
director or officer level position at GSS (or an equivalent position based on
job duties, regardless of the employee's title).

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

      (iv) "Confidential Information" shall
be construed as broadly as Texas law permits and shall include all non-public
information TILLER acquires by virtue of his positions with GSS which might be
of any value to a competitor or which might cause any economic loss (directly or
via loss of an opportunity) or substantial embarrassment to GSS or its
customers, distributors or suppliers if disclosed. Examples of such confidential
information include, without limitation, non-public information about GSS's
strategic or marketing plans; its customers, suppliers, and distributors; its
potential acquisition targets; its business operations and structure; its
product lines, formulas and pricing; its processes, machines and inventions; its
research and know-how; or its financial data.

      

      (e)           Remedies:
In the event of a breach or threatened breach of any term of subsections 6(a) or
6(d), GSS shall be entitled to injunctive relief and/or damages. The parties
agree that breach of these provisions would cause irreparable injury to GSS for
which there would be no adequate remedy at law, due among other reasons to the
inherent difficulty of determining the precise causation for loss of
customers/consumers or measuring the exact impact of losing key employees or
having Confidential Information disclosed.

      

      (f)           Recitals:
TILLER acknowledges that by virtue of the positions he will hold, he will
acquire Confidential Information, including without limitation knowledge of
operational plans, strategic long range plans, new product development,
marketing plans, sales plans, and distribution plans. TILLER also acknowledges
that by virtue of his positions, he will learn which Existing GSS Employees are
critical to GSS's success and will develop relationships he otherwise would not
have had with such employees.

      

      7.           Choice
Of Law And Forum:

      

      (a)           This
Agreement shall be governed by and construed in accordance with the laws of
Texas, without regard to choice of law principles.

      

      (b)           In
any litigation over this Agreement, both parties consent to submit to the
personal jurisdiction of any court, state or federal, in the State of Texas.
Such courts in Texas shall be the exclusive jurisdiction for any litigation over
this Agreement or an alleged breach thereof.

      

      8.           Attorney
Fees And Other Expenses:

      

      (a)           GSS
will pay all reasonable legal, accounting and other professional fees and
related expenses TILLER incurred in connection with the negotiation and
preparation of this Agreement.

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      (b)           If
TILLER and GSS become involved in litigation regarding the terms of his
employment with GSS or the termination thereof, the party which prevails shall
be entitled to reimbursement of all reasonable litigation costs and expenses,
including attorney fees. If each party prevails on one or more litigated issues,
the court shall exercise its equitable judgment to determine which, if either,
should be considered the prevailing party and the percentage of that party's
expenses which should be reimbursed, taking into account such factors as the
significance of the issue(s) on which each party prevailed, the reasonableness
of each party's position(s), and ability to pay.

      

      9.           Indemnification:
To the fullest extent permitted by law and GSS's by-laws, GSS shall indemnify
TILLER (including the advancement of expenses) for any judgments, fines, amounts
paid in settlement and reasonable expenses, including attorneys' fees, incurred
by TILLER in connection with the defense of any lawsuit or other claim to which
he is made a party by reason of being an officer, director or employee of GSS or
any of its subsidiaries.

      

      10.           Binding
Effect: This Agreement shall be binding on and inure to the benefit of the heirs
and representatives of TILLER and the successors and assigns of GSS. GSS shall
require any successor (whether direct or indirect, by purchase, merger,
reorganization, consolidation, acquisition of property or stock, liquidation or
otherwise) to all or a substantial portion of its assets to assume and agree to
perform this Agreement in the same manner and to the same extent that GSS would
be required to perform it if no such succession had taken place; provided,
TILLER shall have the same obligations to the successor as he would have had to
GSS. Regardless of whether such an agreement is executed, this Agreement shall
be binding on any successor of GSS in accordance with the operation of law, and
such successor shall be deemed "GSS" for all purposes under this
Agreement.

      

      11.           Notices:
All notices, requests, demands and other communications hereunder shall be in
writing and shall be deemed to have been given if delivered anywhere by hand to
the applicable party, or if delivered by recognized commercial delivery service
or if mailed within the continental United States by first class certified mail,
return receipt requested, postage prepaid, addressed as follows:

      

      (a)           If
to the Board or GSS, addressed to:  GSS, 4428 University Blvd.,
Dallas, Texas 75205, Attention: Chief Legal Officer.

      

      (b)           If
to TILLER, addressed to: David C. Tiller, 4428 University Blvd. Dallas, Texas
75205.

      

      Such addresses may be changed by
written notice sent to the other party at the last recorded address of that
party. Failure to send a copy to the applicable attorney shall not render a
Notice ineffective, so long as it is actually received by GSS or TILLER, as
applicable.

      

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      12.           Scope
of Agreement:

      

      (a)           This
Agreement supersedes any other document or oral agreement that conflicts with it
regarding any of the matters set forth herein, however, it is not intended to
pre-empt or supersede other documents, including plan documents, that provide
additional, non-conflicting rules or terms. Without limitation, nothing in this
Agreement shall eliminate or reduce TILLER's obligation to comply with the Code
Of Ethics, to the extent that certain of its provisions (such as rules regarding
disclosure of confidential information) remain applicable to employees after
termination.

      

      (b)           No
promises or inducements have been made other than those reflected herein. This
Agreement cannot be amended except by a written agreement signed by the parties,
and only the Board has authority to authorize such an amendment on behalf of
GSS.

      

      13.           Severability:
Each term of this Agreement is deemed severable, in whole or in part, and if any
provision of this Agreement or its application in any circumstance is found to
be unlawful or invalid, the remaining terms and provisions shall remain in full
force and effect. In addition, a court may re-write the invalid provision(s) so
as to be consistent with applicable law and still, to the extent possible,
achieve the intended effect of this Agreement.

      

      14.           Execution
In Counterparts: This Agreement may be executed by the parties hereto in two (2)
or more counterparts, each of which shall be deemed to be an original, but all
such counterparts shall constitute one and the same instrument, and all
signatures need not appear on any one counterpart.

      

      GLOBAL SMOOTHIE SUPPLY,
INC.

      

      BY: /s/ Donald M.
Roberts

      Donald M. Roberts, Chief Financial
Officer

      Date: As of October 15,
2009

      

      

      BY: /s/ David C.
Tiller

      David C.
TILLER

      Date: As of October 15,
2009

       

       

       

       

      
 

      

      
        
           

        

        
          5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]