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Exhibit 10.7    
    

CONFORMED COPY  

 
  UNITED STATES TRADEMARK ASSIGNMENT    
    

        This United States Trademark Assignment agreement (the "Assignment") is entered into this 16th day of March, 2004, between Pretzel Time, LLC., a
Utah limited liability company having its principal place of business at 2855 E. Cottonwood Parkway, Suite 400, Salt Lake City, Utah 84121 ("Assignor"), and Pretzel Time Franchising, LLC, a Delaware
limited liability company having its principal place of business at 2855 E. Cottonwood Parkway, Suite 400, Salt Lake City, Utah 84121 ("Assignee"). 

        A.    Assignor
is the owner of the United States trademarks and service marks set forth on the attached Schedule A, all common rights relating thereto, and all
registrations and applications relating thereto (the "Marks"); and 

        B.    Assignor
has agreed to assign the Marks and the goodwill of the business attendant thereto, if any, and the parties wish to memorialize the transfer of the Marks and
goodwill of the business associated therewith to Assignee. 

        NOW,
THEREFORE, for good and valuable consideration, receipt of which is herby acknowledged, the parties hereto agree as follows: 

        1.     Assignment. Assignor does hereby sell, assign, transfer, and set over unto said Assignee, its entire right, title and
interest in, to and under said Marks, together with the entire goodwill of the business in connection with which said Marks are used, and in and to all income, royalties, damages and payments now or
thereafter due or payable with respect thereto in and to all causes of action (either at law or in equity) and the right to sue, counterclaim, and recover for past, present and future infringement of
the rights assigned or to be assigned under this Assignment. 

        2.     Assumption. In consideration of the assignment set forth above, Assignee hereby agrees to assume all liabilities and
obligations of the Assignor arising out of or related to the Marks, including without limitation, any such liabilities and obligations that arise from periods prior to the date of this Assignment. 

        3.     Further Assurances. Assignor hereby agrees to execute all papers and to perform such other proper acts as Assignee or its
successors or assigns may deem reasonably necessary to secure to Assignee or to its successors or assigns, the rights transferred hereby, including without limitation, any documents necessary to
record this Assignment with the United States Patent and Trademark Office and any other federal and state agency. 

        4.     Miscellaneous.

        (a)   Governing Law. This Assignment shall be governed by the laws of the State of Utah (other than its rules of conflicts of
law to the extent that the application of the laws of another jurisdiction would be required thereby). 

        (b)   Counterparts. This Assignment may be executed in any number of counterparts, each of which shall be an original, and all
of which shall together constitute a single instrument. 

        (c)   Descriptive Headings. Descriptive headings of the Sections of this Assignment are inserted for convenience only and shall
not affect the meaning of this Assignment.

 

        IN
WITNESS WHEREOF, the parties have caused this Assignment to be executed below, on the date indicated, by a duly authorized officer thereof. 

	PRETZEL TIME, LLC	 	 
	

By:	
 	

/s/  SANDRA BUFFA      
	
 	

 
	Name:	 	Sandra Buffa	 	 
	Title:	 	Sr. Vice President	 	 
	
PRETZEL TIME FRANCHISING, LLC	
 	

 
	

By:	
 	

/s/  MICHAEL WARD      
	
 	

 
	Name:	 	Michael Ward	 	 
	Title:	 	Sr. Vice President	 	 

 

SCHEDULE A  

TRADEMARKS  

U.S. Registrations
  Pretzel Time, Inc.  

	No.
 
	 	Trademark
	 	Country
	 	Registration Number
	 	Registration Date

	1	 	FRESHNESS WITH A TWIST	 	United States	 	2,347,706	 	May-02-2000
	2	 	PRETZEL TIME	 	United States	 	2,495,593	 	Oct-09-2001
	3	 	PRETZEL TIME (& Design)	 	United States	 	1,875,649	 	Jan-24,1995
	4	 	PRETZEL TIME (& Design)	 	United States	 	1,778,178	 	Jun-22-1993
	5	 	PRETZELINI	 	United States	 	2,675,524	 	Jan-14-2003
	6	 	ROLL IT, TWIST IT, BAKE IT...FRESH	 	United States	 	2,446,885	 	Apr-24-2001

U.S. Applications
  Pretzel Time, Inc.  

	No.
 
	 	Trademark
	 	Country
	 	Application Number
	 	Application Date

	1	 	PRETZEL TIME DELI POCKETS	 	United States	 	78/186,661	 	Nov-19-2002

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Exhibit 10.7

UNITED STATES TRADEMARK ASSIGNMENTQuickLinks
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Exhibit 10.8    
    

CONFORMED COPY  

 
  INTERNATIONAL TRADEMARK ASSIGNMENT    
    

        This Global Trademark Assignment agreement (the "Assignment") is entered into this 16th day of March, 2004, between Pretzel Time, LLC, a Utah
limited liability company having its principal place of business at 2855 E. Cottonwood Parkway, Suite 400, Salt Lake City, Utah 84121 ("Assignor"), and Pretzel Time Franchising, LLC, a Delaware
limited liability company having its principal place of business at 2855 E. Cottonwood Parkway, Suite 400, Salt Lake City, Utah 84121 ("Assignee"). 

        A.    Assignor
is the owner of the International trademarks and service marks set forth on the attached Schedule A, all common rights relating thereto, and all
registrations and applications relating thereto (the "Marks"); and 

        B.    Assignor
has agreed to assign the Marks and the goodwill of the business attendant thereto, if any, and the parties wish to memorialize the transfer of the Marks and
goodwill of the business associated therewith to Assignee. 

        NOW,
THEREFORE, for good and valuable consideration, receipt of which is herby acknowledged, the parties hereto agree as follows: 

        1.     Assignment. Assignor does hereby sell, assign, transfer, and set over unto said Assignee, its entire right, title and
interest in, to and under said Marks, together with the entire goodwill of the business in connection with which said Marks are used, and in and to all income, royalties, damages and payments now or
thereafter due or payable with respect thereto in and to all causes of action (either at law or in equity) and the right to sue, counterclaim, and recover for past, present and future infringement of
the rights assigned or to be assigned under this Assignment. 

        2.     Assumption. In consideration of the assignment set forth above, Assignee hereby agrees to assume all liabilities and
obligations of the Assignor arising out of or related to the Marks, including without limitation, any such liabilities and obligations that arise from periods prior to the date of this Assignment. 

        3.     Non-Assignable Marks; Irrevocable License. To the extent that any of the Marks or rights associated therewith
is not capable of being assigned hereunder without the consent or approval of a third party (whether or not a governmental authority), or if such assignment or transfer will require the parties to
file applications or notices under the laws of applicable jurisdictions in order for such assignment to be valid between the parties, or would constitute a breach thereof or violation of applicable
law, this Assignment shall not constitute an actual or attempted assignment or transfer thereof unless and until such consent or approval of such third party has been duly obtained or such application
or notice has been filed or the assignment has otherwise become lawful (any Mark not assigned or transferred as a result of this Section is hereinafter referred to as a "Licensed Mark"). Assignor
hereby grants to the Assignee, and Assignee herby accepts from the Assignor, a worldwide, exclusive, royalty free right to use and sublicense the Licensed Marks until such time as the assignment shall
satisfy the requirements set forth above. 

        4.     Further Assurances. Assignor hereby agrees to execute all papers and to perform such other proper acts as Assignee or its
successors or assigns may deem reasonably necessary to secure to Assignee or to its successors or assigns, the rights transferred hereby, including without limitation, any documents necessary to
obtain the consents or waivers or record the applications, notices or other documentation described in Section 3 above, and any and all documents necessary to file or record this Assignment
with the international registries where the Marks are recorded or registered.

 

        5.     Miscellaneous. 

        (a)   Governing Law. This Assignment shall be governed by the laws of the State of Utah (other than its rules of conflicts of
law to the extent that the application of the laws of another jurisdiction would be required thereby). 

        (b)   Counterparts. This Assignment may be executed in any number of counterparts, each of which shall be an original, and all
of which shall together constitute a single instrument. 

        (c)   Descriptive Headings. Descriptive headings of the Sections of this Assignment are inserted for convenience only and shall
not affect the meaning of this Assignment. 

        IN
WITNESS WHEREOF, the parties have caused this Assignment to be executed below, on the date indicated, by a duly authorized officer thereof. 

	PRETZEL TIME, LLC
	

By:	
 	

/s/  SANDRA BUFFA      
	
 	

 
	Name:	 	Sandra Buffa	 	 
	Title:	 	Sr. Vice President	 	 
	
PRETZEL TIME FRANCHISING, LLC
	

By:	
 	

/s/  MICHAEL WARD      
	
 	

 
	Name:	 	Michael Ward	 	 
	Title:	 	Sr. Vice President	 	 

 

 
 

SCHEDULE A    
    
    TRADEMARKS    
    

Foreign Registrations
  Pretzel Time, Inc.  

	No.
 
	 	Trademark
	 	Country
	 	Registration

Number
	 	Registration

Date

	1	 	PRETZEL TIME	 	Argentina	 	1.827.182	 	Apr-27-2001
	2	 	PRETZEL TIME	 	Argentina	 	1.827.183	 	Apr-27-2001
	3	 	PRETZEL TIME (& Design)	 	Australia	 	811326	 	Oct-22-1999
	4	 	PRETZEL TIME (Stylized)	 	Australia	 	A614592	 	Oct-25-1993
	5	 	PRETZEL TIME	 	Benelux	 	652668	 	Oct-19-1999
	6	 	PRETZEL TIME (Stylized)	 	Canada	 	454.105	 	Feb-16-1996
	7	 	PRETZEL TIME	 	Chile	 	560.755	 	Feb-04-2000
	8	 	PRETZEL TIME	 	Chile	 	679.382	 	Nov-24-2003
	9	 	PRETZEL TIME (& Device)	 	Great Britain & Northern Ireland	 	2302481	 	Jun-10-2002
	10	 	PRETZEL TIME (& Design)	 	Hong Kong	 	6 (A-B) of 2001	 	Nov-29-1999
	11	 	PRETZEL TIME (& Design)	 	Hong Kong	 	7 (A-B) of 2001	 	Nov-29-1999
	12	 	PRETZEL TIME	 	Israel	 	124202	 	Nov-26-1998
	13	 	PRETZEL TIME	 	Israel	 	124203	 	Nov-26-1998
	14	 	PRETZEL TIME	 	Israel	 	124204	 	Nov-26-1998
	15	 	PRETZEL TIME (& Design)	 	Japan	 	3329303	 	Jul-04-1997
	16	 	PRETZEL TIME (& Design)	 	Mexico	 	458288	 	Apr-25-1994
	17	 	PRETZEL TIME (Stylized)	 	Saudi Arabia	 	604/27	 	Dec-22-1999
	18	 	PRETZEL TIME	 	Saudi Arabia	 	613/9	 	Dec-29-1999
	19	 	PRETZEL TIME	 	Tunisia	 	EE991752	 	Oct-21-1999
	20	 	PRETZEL TIME	 	Uruguay	 	318.246	 	Nov-19-2001

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Exhibit 10.8

INTERNATIONAL TRADEMARK ASSIGNMENT

SCHEDULE A TRADEMARKS

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