Document:

Exhibit 4.1

 

INLAND WESTERN RETAIL REAL ESTATE TRUST, INC.

 

DISTRIBUTION REINVESTMENT PROGRAM

 

AS OF MAY 15, 2008

 

Inland Western Retail Real Estate Trust, Inc., a Maryland
corporation (the “Company”), pursuant to its Articles of Incorporation (as
amended, the “Articles”) has adopted a Distribution Reinvestment Program (the “DRP”),
the terms and conditions of which are set forth below. Capitalized terms are
defined in Section X of this program, unless otherwise defined herein.

 

I.              DISTRIBUTIONS.  As agent for the Stockholders who purchased
Shares from the Company pursuant to the Company’s public offerings of its
Shares (the “Offerings”) and elect to participate in the DRP (the “Participants”),
the Company will apply all distributions paid with respect to the Shares held
by each Participant (the “Distributions”), including Distributions paid with
respect to any full or fractional Shares acquired under the DRP, to the
purchase of the Shares for said Participants directly.  Neither the
Company nor its Affiliates will receive a fee for selling Shares under the DRP.

 

II.            PROCEDURE FOR
PARTICIPATION.  Any Stockholder who purchased Shares pursuant to the
Company’s Offerings may elect to become a Participant by completing and
executing the Subscription Agreement or other appropriate authorization form as
may be available from the Company.  If
the Subscription Agreement is received in good order prior to the record date
for the next distribution, participation in the DRP will begin with the next
Distribution payable after receipt of a Participant’s subscription or
authorization.  Shares generally will be purchased under the DRP on the
record date for the Distribution used to purchase the Shares. 
Distributions for Shares acquired under the DRP will be paid at the same time
as Distributions are paid on Shares purchased outside the DRP and are
calculated with a monthly record and Distribution declaration date.  Each
Participant agrees that if, at any time prior to listing of the Shares on a
national securities exchange, he or she fails to meet the suitability
requirements for making an investment in the Company or cannot make the other
representations or warranties set forth in the Subscription Agreement, he or
she will promptly so notify the Company in writing.

 

III.           PURCHASE OF
SHARES.  Participants will acquire Shares from the Company at a fixed
price of $10.00 per Share.  Participants in the DRP may also purchase
fractional Shares so that 100% of the Distributions will be used to acquire
Shares.  However, a Participant will not be able to acquire Shares under
the DRP to the extent such purchase would cause it to exceed the Ownership
Limit or other Share ownership restrictions imposed by the Articles.

 

It is possible that a secondary market will develop for the Shares, and
that the Shares may be bought and sold on the secondary market at prices lower
or higher than the per Share 

 

1

 

price which will be paid under the DRP. 
However, the Company does not guarantee or warrant that the Participant
will be acquiring Shares at the lowest possible price.

 

If the Company’s Shares are listed on a national securities exchange,
the reservation of any Shares authorized for issuance under the DRP, which have
not been issued as of the date of such listing, will be canceled, and such
Shares will continue to have the status of authorized but unissued
Shares.  Those unissued Shares will not be issued unless they are first
registered with the Securities and Exchange Commission (the “Commission”) under
the Act and under appropriate state securities laws or are otherwise issued in
compliance with such laws.

 

It is understood that reinvestment of Distributions does not relieve a
Participant of any income tax liability which may be payable on the Distributions.

 

IV.           NO SHARE
CERTIFICATES.  The Company will not issue certificates evidencing
ownership of Shares purchased through the DRP.  The ownership of the
Shares will be in book-entry form.

 

V.            REPORTS.  Within 90 days after the end of the Company’s
fiscal year, the Company will provide each Participant with an individualized
report on his or her investment, including the purchase date(s), purchase price
and number of Shares owned, as well as the dates of distribution and amounts of
Distributions received during the prior fiscal year.  The individualized
statement to Stockholders will include receipts and purchases relating to each
Participant’s participation in the DRP.

 

VI.           TERMINATION BY
PARTICIPANT. A Participant may terminate participation in the DRP at any time,
without penalty, by delivering to the Company a written notice.  Prior to
listing of the Shares on a national securities exchange, any transfer of Shares
by a Participant to a non-Participant will terminate participation in the DRP with
respect to the transferred Shares.  Upon
termination of DRP participation, Distributions will be distributed to the
Stockholder in cash.

 

VII.          AMENDMENT OR
TERMINATION OF DRP BY THE COMPANY. The Directors of the Company may by majority
vote amend or terminate the DRP for any reason upon 30 days’ written notice to
the Participants.

 

VIII.        LIABILITY OF THE
COMPANY. The Company shall not be liable for any act done in good faith, or for
any good faith omission to act, including, without limitation, any claims or liability:
(a) arising out of failure to terminate a Participant’s account upon such
Participant’s death prior to receipt of notice in writing of such death; and (b) with
respect to the time and the prices at which Shares are purchased or sold for a
Participant’s account.  To the extent that indemnification may apply to
liabilities arising under the Act or the securities laws of a state, the
Company has been advised that, in the opinion of the Commission and certain
state securities commissioners, such indemnification is contrary to public
policy and, therefore, unenforceable.

 

2

 

IX.           GOVERNING LAW. This
DRP shall be governed by the laws of the State of Maryland.

 

X.            DEFINED TERMS.

 

“ACT” means the Securities Act of 1933, as amended, and the Rules and
Regulations promulgated thereunder.

 

“AFFILIATE” means, with respect to any other Person: (i) any
Person directly or indirectly owning, controlling or holding, with the power to
vote 10% or more of the outstanding voting securities of such other Person; (ii) any
Person 10% or more of whose outstanding voting securities are directly or
indirectly owned, controlled or held, with the power to vote, by such other
Person; (iii) any Person directly or indirectly controlling, controlled by
or under common control with such other Person; (iv) any executive
officer, director, trustee or general partner of such other Person; and (v) any
legal entity for which such Person acts as an executive officer, director,
trustee or general partner.

 

“DIRECTORS” means the members of the Board of Directors of the Company.

 

“OWNERSHIP LIMIT” means the prohibition on beneficial ownership of more
than 9.8%, in number of shares or value, of outstanding equity securities of
the Company.

 

“SHARES” means the shares of voting common stock, par value $.001 per
share, of the Company, and “SHARE” means one of those Shares.

 

“STOCKHOLDERS” means the holders of Shares.

 

3EXHIBIT 10.26

 

Cellu
Tissue Holdings Inc.

Corporate
Bonus Plan

Fiscal
2008

 

Background Principal: To
eliminate the previous history of cliff bonus programs and institute a plan
that pays out a “sliding scale” once Adjusted EBITDA surpasses prior year results.  Maximum Payout (as defined by employee)is
achieved at budget EBITDA of $49MM.

 

	
  Fiscal 2008 Adj.

  	
   

  	
  % of Target

  	
   

  
	
  EBITDA $(MM)

  	
   

  	
  Payout

  	
   

  
	
  44.0

  	
   

  	
  50

  	
  %

  
	
  44.5

  	
   

  	
  55

  	
  %

  
	
  45.0

  	
   

  	
  60

  	
  %

  
	
  45.5

  	
   

  	
  65

  	
  %

  
	
  46.0

  	
   

  	
  70

  	
  %

  
	
  46.5

  	
   

  	
  75

  	
  %

  
	
  47.0

  	
   

  	
  80

  	
  %

  
	
  47.5

  	
   

  	
  85

  	
  %

  
	
  48.0

  	
   

  	
  90

  	
  %

  
	
  48.5

  	
   

  	
  95

  	
  %

  
	
  49.0

  	
   

  	
  100

  	
  %

  
	
  51.0 or greater

  	
   

  	
  120

  	
  %

  

 

	
  Add’l
  Background Information:

  	
   

  	
   

  	
   

  
	
  Prior Year Base
  Line

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Base Cellu 

  	
   

  	
  $

  	
  30.00
  

  	
   

  
	
  City (11 months)

  	
   

  	
  $

  	
  13.66

  	
   

  
	
   

  	
   

  	
  $

  	
  43.66

  	
   

  

 

Adjusted EBITDA as
defined by the Cellu Tissue Monthly Reporting Package

 

Maxium payout for Fiscal
2008 is 100%.Exhibit 10.1

 

AMENDED AND RESTATED EXCLUSIVE LICENSE AGREEMENT

 

This
Amended and Restated Exclusive License Agreement (this “Agreement”) is made
and entered into as of May 14, 2008, by and between Papa John’s
International, Inc. (the “Company”) and John H. Schnatter (the “Licensor”), and
amends, restates and supersedes in its entirety that certain Exclusive License
Agreement between the Company and Licensor dated August 9, 2007 (the “Effective Date”).

 

                WHEREAS, the Company is a
corporation that either directly, or by and through its subsidiaries, operates
and franchises businesses principally involving pizza, and other related items,
including goods and services, branded under the “PAPA JOHN’S” brand in the
United States and internationally and restaurants under the brand “PAPA JOHN’S”
in the United States and internationally;

 

                WHEREAS, the Company advertises
and promotes its products and services through various means, including,
without limitation, print, packaging, radio, television, internet, as well as
other means and methods of advertising and marketing distributed on local,
national and international bases;

 

                WHEREAS, Licensor, a natural
person, residing in Louisville, Kentucky, is the founder and Chairman of the
Board of Directors of the Company;

 

                WHEREAS, since the Company’s
inception, Licensor has allowed the Company to use Licensor’s name, image,
likeness, photographs, voice, signature, biography, public appearances,
speeches, interviews and other similar methods and forms related to the image
of Licensor to promote its products and services pursuant to prior practice and
past oral agreements granting the Company the right to do so;

 

                WHEREAS, pursuant to the terms
and conditions of this Agreement, Licensor desires to acknowledge certain past
practices and to grant certain rights to the Company, and Company desires to
receive from Licensor, certain rights as set forth herein.

 

                NOW, THEREFORE, in consideration
of the foregoing and the premises, representations, warranties, covenants,
agreements and conditions hereinafter set forth, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, and intending to be legally bound hereby, the parties hereto
agree as follows:

 

Section 1:  Definitions.  In addition to the terms defined
elsewhere in this Agreement, the following terms shall have the following
meanings in this Agreement:

 

1.1                                 “Licensed Rights” means all aspects of the identity of Licensor, including but not limited
to his name, image, likeness, photographs, signature, voice, biography, public
appearances, speeches and interviews, rights of publicity connected to goods
and services of the Company, and registered and unregistered copyrights to
media in which the Licensor’s identity is fixed, 

 

1

 

which media pertains to the goods or services of the
Company, and including rights Licensor has in the non-trademark elements of the
Papa John Persona.

 

1.2                                 “Brand” means the Company’s U.S. and
foreign registered and unregistered trademarks, service marks, logos, designs,
symbols, images or characters existing on the Effective Date and reasonable
derivatives thereof, including any of the foregoing that comprise or
incorporate the words “PAPA JOHN’S” and the Company’s goodwill associated with
those marks.

 

1.3                                 “Field of Use” means the Company’s current and future operation, and franchising, of
pizza delivery and carry-out businesses and restaurants under the Brand,
including sales of related goods and services under the Brand, in the United
States and internationally.

 

1.4                                 “Affiliates” means with respect to a specified person or entity, any other person or
entity who or which is directly or indirectly controlling, controlled by or
under common control with the specified person and any franchisee of the
Company.  For the purposes of the
preceding sentence, “control”
means the possession
of the power to direct or cause the direction of the management and policies of
an entity, whether through the ownership of voting stock, by contract or
otherwise.  In the case of a corporation,
“control” shall mean the direct or indirect ownership of more than fifty
percent of the outstanding voting stock.

 

1.5                                 “Papa John Persona” means the character of “Papa
John” as depicted in
the sales, marketing, advertising and other public statements of the Company, including the name, image, likeness, photographs, voice, signature,
biography, public appearances, speeches, and interviews of Licensor, in each
case as used in connection with the Brand before and after the date
hereof.  Subject to section 2.3, the Papa
John Persona expressly excludes the Licensor’s rights of publicity (including
but not limited to his image, likeness, photographs, voice, signature,
biography, public appearances, speeches, and interviews of Licensor) when not
used in connection with the Brand and used outside of the Field of Use.

 

1.6                                 “Designated Representative” means any
individual designated by Licensor, pursuant to delivery of written notice by
Licensor to the Company, to serve as the designated representative for Licensor
in administering the terms of this Agreement after the death of Licensor.

 

Section 2:  Grant
of License.

 

2.1                                 Grant of License. 
Subject to the terms and conditions of this Agreement, Licensor hereby
grants to the Company an exclusive, royalty-free, worldwide license to create
and to have created media incorporating the Licensed Rights in the Field of Use
and to use the Licensed Rights in the Field of Use, including but not limited
to the right to re-use, publish, and re-publish, and otherwise reproduce,
broadcast, distribute, and exploit any video or sound recordings, photographs,
drawings, sketches, images, illustrations or other materials incorporating any
of the Licensed Rights and to exploit the same in any and all media worldwide,
by any means or devices now known or hereinafter devised or created; provided, however, that said license grant shall not extend
to any use of the Licensed Rights that does, or would in the reasonable
judgment of Licensor during his lifetime or his Designated Representative after
his death, lead to disparagement, ridicule or disrepute of Licensor; provided further, that upon learning of such use, Licensor
or the Designated Representative, as 

 

2

 

the case may be, provides timely notice of such use
to the Company, which notice shall describe in reasonable detail the nature of
the use that gives rise to the notice.

 

2.2                                 Right to Sublicense.  Licensor further hereby grants to the Company
the right to sublicense the rights granted herein to Affiliates of the Company
so long as they remain Affiliates; provided,
that any such sublicenses shall terminate automatically upon termination of the
license granted in this Section 2.

 

2.3                                 Reservation of Rights.  Nothing in this Agreement shall be construed to grant Licensor a right to
use the Company’s trademarks or service marks, including, but not limited to,
trademarks or service marks that incorporate the words “Papa John” or the trademarks
or service marks that incorporate the Papa John Persona.  Licensee covenants and agrees that Licensor is the
sole owner of the Licensed Rights.  For
the avoidance of doubt, nothing in this Agreement shall prevent or limit
Licensor from using the Licensed Rights outside of the Field of Use.  Notwithstanding the foregoing sentence,
Licensor covenants and agrees that, during the term of this Agreement, he will
make no use of the Licensed Rights outside the Field of Use for the purpose of
materially and adversely affecting or disparaging the Brand or the Papa John
Persona.

 

Section 3:  Additional Rights and Obligations

 

3.1                                 Use of the Licensed Rights.  The Company may use the Licensed Rights
solely to advertise, promote or market the Brand and its related products and
services and in public relations, sales and other activities related to the
operation of the Company’s business as currently operated, or as it may in the
future operate, provided that such use of the Licensed Rights does not lead to
the disparagement, ridicule or disrepute of Licensor during his lifetime or
after his death.

 

3.2                                 Licensor Services.  As may be mutually agreed from time to time
by Licensor and the Company and as described in and pursuant to that certain
Agreement for Service as Founder (the “Founder’s Agreement”), dated of even date
herewith between the parties hereto, Licensor agrees to participate in
commercials and other high profile public relations events, including but not
limited to making himself reasonably available and otherwise reasonably
cooperating with the Company for purposes of producing appropriate photographs,
film, recordings, video footage and any other such depictions of Licensor for
use by the Company, and Licensor’s services in this regard shall be deemed services
provided by Licensor as an advisor to the Company.

 

3.3                                 Trademark and Service Mark Use and Registration Rights.  The Licensor hereby acknowledges
that the Company has owned and will continue to own all right, title and
interest in and to all U.S. and foreign registered and unregistered trademarks,
service marks, logos, designs, symbols, images or characters used by the Company, including but not limited to,
any of the foregoing incorporating the words “Papa John” and any of the
foregoing incorporating the Papa John Persona. 
The Licensor further acknowledges that the Company has had and shall
continue to have the sole and exclusive right to file for and obtain state,
federal and foreign registrations in such marks.

 

3.4                                 Additional Registration Rights.  The Licensor further acknowledges that the
Company has the right to continue to register new marks based upon the words “Papa
John” or the Papa John Persona (“Derived Marks”), so long as such newly Derived Marks
are substantially consistent 

 

3

 

with the image, look and goodwill of the Papa John
Persona as of the date of this Agreement. 
The Company shall give the Licensor (or his Designated Representative)
at least ten (10) days’ advance written notice of its intent to register
any such Derived Marks that incorporates Licensor’s name (but not “John” or “Papa
John”), image, likeness, photograph, portrait or signature, and Licensor shall
notify the Company of his approval or disapproval in the form attached as Exhibit A
hereto within ten (10) days.  For
avoidance of doubt, the Company shall have no right to register any Derived
Mark that incorporates Licensor’s name (but not “John” or “Papa John”), image,
likeness, photograph, portrait or signature without Licensor’s specific
approval.

 

3.5                                 Protection of the Papa John Persona and Derived Marks.  The Licensor further acknowledges
that subject to the Company’s reasonable business judgment, the Company, at its
expense, may file appropriate registrations in its own name or in the name of a
Company subsidiary of any Derived Marks so as to preserve the goodwill thereof,
may prosecute and defend such registrations and all common law rights in the
Derived Marks consistent with good commercial practices and may use all reasonable
commercial efforts to defend and otherwise protect the Derived Marks.  The parties further acknowledge that neither
has any infringement claim against the other relating to the use of the Papa John Persona as of the
Effective Date.  Licensor acknowledges
and agrees that all materials in written or other tangible form created or
developed by Licensor in the course of performing services as an employee for
the Company are “works for hire” as that doctrine is set forth in the U.S.
Copyright Statutes, 17 U.S.C. sections 101 and 201(b), and are the exclusive
property of the Company.

 

3.6                                 Representation and Warranty.  The Company hereby represents and warrants
that it has the power and authority to enter into this Agreement, and to carry
out the transactions contemplated hereby, and Licensor hereby represents and
warrants to the Company that he has the power and authority to enter into this
Agreement, and to carry out the transactions contemplated hereby.

 

Section 4:  Consideration

 

4.1                                 The Company and Licensor acknowledge and agree that consideration for the
license and rights granted or acknowledged herein shall be deemed to exist as a
result of the terms of payments provided in Section 3 of the Founder’s
Agreement that are made during the first fifteen (15) years thereunder; provided that in the event that the Founder’s Agreement is
no longer in effect, the Company hereby agrees to grant stock options to
Assignor on the terms described in Section 2 of the Founder’s Agreement,
for the year in which the termination of the Founder’s Agreement became
effective (to the extent such options had not previously been granted by the
Company) and for each year thereafter up and until the year in which the
fifteenth anniversary of the Effective Date occurs.  Except as provided in Section 5.5,
the Company shall grant stock options to Licensor as provided in this Section 4.1
regardless of whether the Company is using the Licensed Rights and regardless
of whether the Founder’s Agreement is in effect.  For the avoidance of doubt, (i) in the event that the
stock options granted in accordance with this Section 4.1 have been
granted under a Company plan that provides for such grants to, inter alia, consultants to, or advisors of, the Company, and
any of this Agreement, the Founder’s Agreement or that certain Agreement for Service as Chairman (the “Chairman’s Agreement”)
of even date herewith between Founder and the Company, is in effect, or 

 

4

 

Licensor is otherwise serving as a consultant or
advisor to the Company, for purposes of the applicable stock option plan and
agreement related to such stock options granted hereunder, the Licensor shall
be deemed to be providing services as a “consultant” or “advisor” to the
Company; and (ii) in the event that the stock options granted in
accordance with this Section 4.1 have been granted under a Company plan
that provides for such grants only to non-employee directors, for purposes of the applicable stock option plan
and agreement related to such stock options granted hereunder, the
Licensor shall be deemed a non-employee director for so long as he is serving
in such capacity on the Company’s board of directors.

 

Section 5: 
Term and Termination

 

5.1                                 Term.  The term of this Agreement shall commence on
the Effective Date and continue thereafter until the date fifty (50) years
after Licensor’s death, unless terminated earlier in accordance with the terms
of this Section 5.

 

5.2                                 Termination by the
Company.  The Company may at any time
terminate this Agreement by providing Licensor advance written notice of its
decision to cease its use of the Licensed Rights.  Such notice, once given, shall be
irrevocable.

 

5.3                                 Termination by
Licensor.

 

5.3.1.       Licensor,
or his Designated Representative, as the case may be, may at any time terminate
this Agreement by providing the Company with ninety (90) days advance written
notice.  Termination under this section
will be effective on the ninetieth (90th) day following provision of such
notice.

 

5.3.2.       In
the event that the Company ceases any and all public use of the Licensed Rights
for a period of six consecutive months, Licensor may provide written notice to
the Company of such cessation of use and of Licensor’s intent to terminate the
Agreement in accordance with the terms of this Section 5.3.2.  Upon receipt of such notice, the Company may,
within thirty (30) days thereafter, either (i) provide documentation to
Licensor to demonstrate that the Company has made use of such Licensed Rights
within the preceding six months, or (ii) if the Company has not made any
use of the Licensed Rights within the preceding six months, but intends to
continue using the Licensed Rights, the Company shall provide written notice to
Licensor of the Company’s intent to continue using such Licensed Rights and
shall resume use of the Licensed Rights within thirty (30) days
thereafter.  If the Company (i) fails
to respond in accordance with the preceding sentence, or (ii) elects not
to continue using the Licensed Rights, or (iii) fails to resume use of the
Licensed Rights within the time period specified in the preceding sentence,
then Licensor may terminate this Agreement immediately upon written notice to
the Company.

 

5.4                                 Termination for
Material Breach.

 

5.4.1        In the event the Company
shall have breached any covenant, agreement, representation or warranty herein
in any material respect, and shall not have cured such breach within ten days
after receipt by the Company of notice from Licensor of such breach, Licensor
may immediately terminate this Agreement by providing written notice to the
Company.

 

5

 

5.4.2        In the event the Licensor
shall have breached any covenant, agreement, representation or warranty herein
in any material respect, and shall not have cured such breach within ten days
after receipt by the Licensor of notice from the Company of such breach, the
Company may immediately terminate this Agreement by providing written notice to
the Licensor.

 

5.5                                 Effect of
Termination.  Upon termination,
the Company shall immediately cease and desist making any new use of the
Licensed Rights, however, the Company shall be permitted to continue to use the
Licensed Rights in and to the Papa John Persona as the Papa John Persona was
used by the Company prior to the date of such termination, for a period of (i) thirty-six (36) months
immediately following such termination with respect to uses internal to the
Company, such as training manuals and videos, and (ii) twelve (12) months
immediately following such termination with respect to external uses, such as
advertisements, including but not limited to, the right during such respective
period to continue using any media incorporating the Papa John Persona used
before the date of such termination in connection with such respective use, and
after such periods the Company shall cease using the Licensed Rights.  Termination under Section 5.2, 5.3.2
or 5.4.1 shall not relieve the Company of its obligations under Section 4.1;
provided that in the event (i) the
stock options to be granted under Section 4.1 are to be granted under a
Company plan that provides for such grants to, inter alia,
consultants to, or advisors of, the Company, and either the Founder’s Agreement
or the Chairman’s Agreement is not in effect, and Licensor is not otherwise
serving as a consultant or an advisor to the Company, or (ii) the stock
options to be granted under Section 4.1 are to be granted under a
Company plan that provides for such grants only to non-employee directors, and
Licensor is no longer serving as a non-employee director of the Company, for
the remaining period, if any, under Section 4.1, the Company shall
pay Licensor each year an amount in cash equal to the aggregate value of stock
options that were to have been granted under Section 2 of the Founders
Agreement.  Termination under Section 5.3.1
or 5.4.2 shall relieve the Company of its obligations under Section 4.1
effective on the effective date of termination by Licensor.

 

Section 6: 
Miscellaneous

 

6.1                                 Governing Law.  This Agreement shall be governed by and
construed in accordance with the substantive laws of the Commonwealth of
Kentucky and the laws of the United States. 
No conflicts of law or similar rule or law that might refer the
governance and construction of this Agreement to the laws of another state,
republic or country shall be considered.

 

6.2                                 Dispute Resolution.

 

6.2.1        The
Company and Licensor agree that in the event of a dispute concerning or
relating to this Agreement, such dispute shall be submitted to binding
arbitration in accordance with the rules of the American Arbitration
Association then in effect (“AAA Rules”).  The
arbitration will be conducted before a panel of three (3) arbitrators in
Louisville, Kentucky (or such other place as the parties may agree).  Each party shall designate one (1) arbitrator
to serve on the arbitration panel, and the two designed arbitrators shall then
jointly select the remaining third arbitrator. 
The panel shall have discretion to award monetary and other damages, or
no damages, and to fashion such other relief as the panel deems
appropriate.  The panel shall also have
discretion to award the prevailing party reasonable costs and attorneys’ fees
incurred in bringing or defending an action under this provision.  Except as set forth in Sections 6.2.2
and 6.7, the Company and Licensor agree that the arbitration procedure
provided for in this section will be the 

 

6

 

exclusive avenue for redress of any disputes relating to or arising from
this Agreement, and that the award of the panel will be final and binding upon
both parties.  Each of the parties hereto
consents to the application of AAA Rules and waives any objection as to
venue or jurisdiction.  Process in any
action or proceeding referred to in the preceding sentence may be served on any
party anywhere in the world.  Judgment on any award rendered by the
arbitrator may be entered in any court having jurisdiction thereof.

 

6.2.2        Notwithstanding
anything in the foregoing Section 6.2.1 to the contrary, the
Company and the Licensor agree that before instituting arbitration proceedings
under the AAA Rules, the aggrieved party must submit the claim or dispute to
non-binding mediation.  Mediation shall
be before a panel of three (3) mediators in Louisville, Kentucky (or such
other place as the parties may agree). 
Each party shall designate one (1) mediator to serve on the
mediation panel, and the two designed mediators shall then jointly select the
remaining third mediator.  The costs of
such mediation shall be shared equally by the Company and the Licensor.

 

6.2.3        For
any proceeding under this Section 6, each of the parties further agrees
that all dispute resolution proceedings, including, but not limited to, all
discussions, proceedings, submissions, settlements or other dispositions
relating to any such dispute, shall be considered confidential, shall be held
in strict confidence by the parties, and shall not be disclosed to any third
party without the prior written consent of the other party, except as required
by applicable law.  Neither party shall
issue any press releases or make any public statements relating to any pending
or resolved dispute resolution proceedings without the prior written consent of
the other party, except as required by applicable law.

 

6.3                                 Severability.  If any provision of this Agreement is
determined by a court of competent jurisdiction to be unenforceable for any
reason, such provision shall be deemed to be severable, and this Agreement
shall otherwise continue in full force and effect.  Any provision of this Agreement held invalid
or unenforceable only in part or degree will remain in full force and effect to
the extent not held invalid or unenforceable.

 

6.4                                 Assignments; Binding
Effect.  The Company may assign this
Agreement to any entity to which the Company also assigns its trademarks and
service marks (including Derived Marks) used in promoting the Brand and the
Company’s rights in the Papa Johns Persona, including any entity which acquires
all or substantially all of the Company’s assets.  This Agreement shall be binding upon and
inure to the benefit of the Company, its successors and permitted assigns.  This Agreement shall be binding upon and
inure to the benefit of the Licensor and his heirs, administrator(s), executor(s) and
personal representatives, but the obligations undertaken under section 3.2
by the Licensor shall not and may not be transferred or assigned and any
purported transfer or assignment thereof shall be null and void ab initio.

 

6.5                                 Entire Agreement;
Modifications.  This Agreement
and the Founder’s Agreement contain the entire agreement and understanding of
the parties with respect to the subject matter hereof, supersede any prior
agreements and understandings with respect thereto, and cannot be modified,
amended or waived, in whole or in part, except in writing signed by the party
to be charged.  Any such purported
modification, amendment or waiver shall be null and void absent such writing.  Notwithstanding the foregoing, nothing herein
is intended to effect nor shall be interpreted as affecting the terms and
conditions of the Screen Actors Guild and/or other union agreements to 

 

7

 

which Licensor and the Company may become parties to in relation to the
performance by Licensor of commercials for the Company, including Licensor’s
entitlement to payment for such performances as provided in such agreements.

 

6.6                                 Waivers.  A discharge of the terms of this Agreement
shall not be deemed valid unless by full performance by the parties or unless
corroborated by a writing signed by the parties.  A waiver of any provision or condition
provided for in this Agreement shall not be deemed a waiver of any similar or
dissimilar provisions or conditions at the same or any prior or subsequent
time.  The parties covenant and agree
that if a party fails or neglects for any reason to take advantage of any of
the terms, remedies or rights provided for in this Agreement or under
applicable law, such failure or neglect shall not be deemed a waiver of any
such terms, remedies or rights subsequently arising, or as a waiver of any of
the terms, covenants or conditions of this Agreement or the requirement for
performance or observance thereof.  None
of the terms, covenants and conditions of this Agreement may be waived by a
party except in a writing signed by such party.

 

6.7                                 Remedies and
Enforcement.  If there should
occur any breach or threatened breach by the Company of any of the covenants,
restrictions or requirements set forth in this Agreement, the Company
acknowledges and agrees that Licensor’s remedies at law are or may be
inadequate to redress the same and Licensor shall be entitled to seek an
injunction, restraining order, specific enforcement or other equitable relief
in regard thereto, notwithstanding the provisions of Section 6.2
above.

 

6.8                                 Notices.  All notices, claims, certificates, requests,
demands and other communications hereunder will be in writing and will be
deemed to have been duly given if delivered by hand, mail (registered or
certified mail, postage prepaid, return receipt requested) or overnight courier
as follows:

 

	
  (a)

  	
   

  	
  If to Licensor:

  	
   

  	
   

  
	
   

  	
   

  	
  John H. Schnatter

  	
   

  	
   

  
	
   

  	
   

  	
  11411 Park Road

  	
   

  	
   

  
	
   

  	
   

  	
  Louisville, KY 40223

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  with copies to:

  	
   

  	
   

  
	
   

  	
   

  	
  Lance Tucker

  	
   

  	
   

  
	
   

  	
   

  	
  11411 Park Road

  	
   

  	
   

  
	
   

  	
   

  	
  Louisville, KY 40223

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  and

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Randall M. Walters

  	
   

  	
   

  
	
   

  	
   

  	
  Jones Day

  	
   

  	
   

  
	
   

  	
   

  	
  325 John H. McConnell Blvd.

  	
   

  	
   

  
	
   

  	
   

  	
  Columbus, OH 43215

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (b)

  	
   

  	
  If to the Company:

  	
   

  	
   

  
	
   

  	
   

  	
  Papa John’s International, Inc.

  	
   

  	
   

  
	
   

  	
   

  	
  2002 Papa John’s Boulevard

  	
   

  	
   

  
	
   

  	
   

  	
  Louisville, KY 40299

  	
   

  	
   

  

 

8

 

	
   

  	
   

  	
  with a copy to:

  	
   

  	
   

  
	
   

  	
   

  	
  General Counsel

  	
   

  	
   

  
	
   

  	
   

  	
  P.O. Box 99900

  	
   

  	
   

  
	
   

  	
   

  	
  Louisville, KY 
  40269-0900

  	
   

  	
   

  

 

6.9                                 Waiver of Jury Trial.  THE PARTIES HERETO HEREBY WAIVE A JURY TRIAL
IN ANY PROCEEDING OR LITIGATION WITH RESPECT TO THIS AGREEMENT OR ITS
TERMINATION.

 

6.10                           Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall be considered an original but all of which
together shall constitute one and the same agreement.

 

6.11                           Headings.  Section headings contained in this
Agreement are for reference only and shall not be considered or used in
construing the meaning of the terms thereof.

 

[REMAINDER
OF PAGE LEFT INTENTIONALLY BLANK]

 

9

 

IN WITNESS WHEREOF, the parties have caused this
Agreement to be executed and delivered as of the date first written above.

 

 

 

 

	
   

  	
  JOHN H. SCHNATTER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John H. Schnatter

  
	
   

  	
  John
  H. Schnatter

  	
   

  
	
   

  	
  Licensor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  PAPA
  JOHN’S INTERNATIONAL, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ J. David Flanery

  
	
   

  	
  Name:

  	
  J.
  David Flanery

  
	
   

  	
  Title:

  	
  Senior
  Vice President and

  
	
   

  	
  Chief
  Financial Officer

  
						

 

 

10

 

EXHIBIT A

 

IN THE  UNITED STATES PATENT AND
TRADEMARK OFFICE

 

 

	
  Applicant

  	
  :

  	
  PAPA
  JOHNS INTERNATIONAL, INC.

  	
  )

  	
   

  
	
   

  	
   

  	
   

  	
  )

  	
   

  
	
  Serial
  No.

  	
  :

  	
   

  	
  )

  	
   

  
	
   

  	
   

  	
   

  	
  )

  	
  Examining

  
	
  Filed

  	
  :

  	
   

  	
  )

  	
  Attorney:

  
	
   

  	
   

  	
   

  	
  )

  	
   

  
	
  Mark

  	
  :

  	
   

  	
  )

  	
   

  
	
   

  	
   

  	
   

  	
  )

  	
   

  
	
  Class

  	
  :

  	
   

  	
  )

  	
   

  
	
   

  	
   

  	
   

  	
  )

  	
   

  
	
   

  	
   

  	
   

  	
  )

  	
   

  

 

CONSENT
PURSUANT TO 15 U.S.C. §1052(C)

 

The undersigned, John H.
Schnatter, is the “particular living individual” identified by the Mark sought
to be registered by the applicant.  The
undersigned has had adequate opportunity to review the application, and by this
writing, consents to the mark (in the form attached hereto) being registered on
the principal register of the United States Patent and Trademark Office, such
mark to be registered in the name of Papa John’s International, Inc.

 

	
  Executed on:

  	
   

  	
   

  
	
  By

  	
   

  	
   

  
	
   

  	
  John H. Schnatter

  	
   

  
				

 

 

11

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