Document:

EXHIBIT 4.3

 

UNLESS THIS SECURITY (AS DEFINED HEREIN) IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (THE “DEPOSITARY”) TO THE COMPANY (AS DEFINED HEREIN) OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE TO BE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY AMOUNT
PAYABLE THEREUNDER IS MADE PAYABLE TO CEDE & CO. OR TO SUCH OTHER NAME AS
IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER,
PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN
INTEREST HEREIN.

 

UNLESS AND UNTIL THIS SECURITY IS EXCHANGED IN WHOLE
OR IN PART FOR CERTIFICATED SECURITIES REGISTERED IN THE NAMES OF THE VARIOUS
BENEFICIAL HOLDERS HEREOF AS THEN CERTIFIED TO THE COMPANY BY THE DEPOSITARY OR
A SUCCESSOR DEPOSITARY, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE
BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE
DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR
DEPOSITARY.

 

WASHINGTON MUTUAL,
INC.

 

5.00% NOTES DUE MARCH 22.
2012

 

	
  No. 1

  	
   

  	
  $400,000,000

  
	
   

  	
   

  	
  CUSIP: 939322 AT
  0

  

 

WASHINGTON MUTUAL, INC., a Washington corporation
(hereinafter called the “Company,” which term shall refer to such Company until
a successor corporation shall have become such pursuant to the provisions of
the Indenture referred to herein and thereafter “Company” shall mean such
successor corporation), for value received, hereby promises to pay to Cede
& Co., or registered assigns, the principal sum of FOUR HUNDRED MILLION
($400,000,000) on March 22, 2012, and to pay interest thereon from March 22,
2005, or from the most recent Interest Payment Date to which interest has been
paid or duly provided for, semiannually on March 22 and September 22
in each year, commencing September 22, 2005 at the rate of 5.00% per
annum, until the principal hereof is paid or made available for payment.  Interest will be computed on the basis of a
360-day year or twelve 30-day months.

 

The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest, which shall be (in each case whether or not a Business

 

 

Day) the March 7 or September 7 as the case
may be, next preceding such Interest Payment Date.  Any interest not punctually paid or duly
provided for shall forthwith cease to be payable to the Holder on such Regular
Record Date and may either be paid to the Person in whose name this Security
(or one or more Predecessor Securities) is registered at the close of business
on a Special Record Date for the payment of such Defaulted Interest to be fixed
by the Trustee, notice whereof shall be given to Holders of Securities of this
series not less than 10 days prior to such Special Record Date, or be paid
at any time in any other lawful manner not inconsistent with the requirements
of any securities exchange on which the Securities of this series may be
listed, and upon such notice as may be required by such exchange, all as more
fully provided in said Indenture.

 

Payment of the principal of (and premium, if any, on)
and interest, if any, on this Security will be made at the corporate trust
office of the Trustee maintained for that purpose in the Borough of Manhattan,
in The City of New York or at such other office or agency that the Company will
maintain for that purpose in New York City, in such coin or currency of the
United States of America as at the time of payment is legal tender for payment
of public and private debts; provided, however, that at the option of the
Company, payment of interest may be made by check mailed to the address of the
Person entitled thereto as such address shall appear in the Security Register.

 

This security is one of a duly authorized issue of
securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of August 10,
1999, between the Company and The Bank of New York, as Trustee (herein called
the “Trustee,” which term includes any successor trustee or trustees under the
Indenture) as supplemented by a First Supplemental Indenture dated August 1,
2002 and a second Supplemental Indenture dated November 20, 2002 (herein
called the “Indenture”), to which Indenture and all indentures supplemental
thereto reference is hereby made for a statement of the respective rights,
limitations of rights, duties and immunities thereunder of the Company, the
Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered.  The Company may, without the consent of the
Holder of this Security, issue additional securities of this series (“Additional
Securities”), having the same ranking and the same interest rate, maturity and
other terms (except for the public offering price and issue date) as this
Security, provided that such Additional Securities do not have, for purposes of
U.S. federal income taxation, a greater amount of original issue discount than
this Security has as of the date of issue of such Additional Securities.  Any Additional Securities, together with this
and all other outstanding Securities of this series, will constitute a single
series of securities under the Indenture. 
No Additional Securities may be issued if an Event of Default has
occurred with respect to this series of Securities.

 

Each
Holder of the Securities, by the acceptance thereof, agrees to and shall be
bound by such provisions of the Indenture. The Securities may not be redeemed
by the Company prior to maturity.

 

If an Event of Default with respect to Securities of
this series shall occur and be continuing, the principal of the Securities of
this series may be declared immediately due and payable in the manner and with
the effect provided in the Indenture.

 

2

 

The Indenture permits, with certain exceptions as
therein provided, the amendment thereof and the modification of the rights and
obligations of the Company and the rights of the Holders of the Securities of
each series to be affected under the Indenture at any time by the Company and
the Trustee with the consent of the Holders of not less than a majority in
principal amount of the Securities at the time Outstanding of all series to be
affected (acting as one class).  The
Indenture also provides that, regarding the Securities of any series, the Holders
of not less than a Majority in principal amount of the Securities at the time
outstanding of such series may waive certain past defaults and their
consequences on behalf of the Holders of all Securities of such series.  Any such consent or waiver by the Holder of
this Security shall be conclusive and binding upon such Holder and upon all
future Holders of this Security and of any Security issued upon the
registration of transfer hereof or in exchange hereof or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

 

As provided in the Indenture, the Company shall be
discharged from its obligations with respect to the Securities of any series
when (1) with respect to all Outstanding Securities of such series, the
Company has irrevocably deposited or caused to be deposited with the Trustee as
a trust fund specifically pledged as security for, and dedicated solely to, the
benefit of the Holders of the Securities of such series (i) money in an
amount as will, or (ii) U.S. Government Obligations as will, together with
the predetermined and certain income to accrue thereon without consideration of
any reinvestment thereof, or (iii) a combination of (i) and (ii) as will
(in a written opinion with respect to (ii) or (iii) of independent public
accountants delivered to the Trustee), be sufficient to pay and discharge the
entire indebtedness on all Outstanding Securities of such series for principal
(and premium, if any) and interest, if any, to the Stated Maturity; and (2) the
Company has paid or caused to be paid all other sums payable with respect to
the Outstanding Securities of such series; and (3) the Company has
delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel
stating that all such conditions precedent have been complied with; and
(4) the Company has delivered to the Trustee (i) a ruling directed to
the Company and the Trustee from the United States Internal Revenue Service to
the effect that Holders of the Securities of such series will not recognize
income, gain or loss for Federal income tax purposes as a result thereof and
will be subject to Federal income tax as if such option had not been exercised
or (ii) an opinion of Counsel to the same effect and based upon a change
in law.

 

No reference herein to the Indenture and no provisions
of this Security or of the Indenture shall alter or impair the obligation of
the Company, which is absolute and unconditional, to pay the principal of (and
premium, if any) and interest, if any, on this Security at the times, place and
rate, and in the coin or currency, herein and in the Indenture provided;
subject, however, to the provisions for the discharge of the Company from its
obligations under the Securities upon satisfaction of the conditions set forth
in the preceding paragraph or in the Indenture.

 

As provided in the Indenture, upon any consolidation
or merger or any conveyance, transfer or lease of the properties and assets of
the Company substantially as an entirety in accordance with the provisions of
the Indenture, the successor corporation formed by such consolidation or into
which the predecessor corporation is merged or to which such conveyance,
transfer or lease is made shall be substituted for the predecessor corporation
with

 

3

 

the same effect as if such successor corporation had
been named as the Company.  Thereafter
the predecessor corporation shall be relieved of the performance and observance
of all obligations and covenants of the Indenture and the Securities, including
but not limited to the obligation to make payment of the principal of (and
premium, if any, on) and interest, if any, on all the Securities then
Outstanding, and, in the event of any such conveyance, transfer or lease, may
be liquidated and dissolved.

 

As provided in the Indenture and subject to certain
limitations therein set forth, the transfer of this Security is registrable in
the Security Register, upon surrender of this Security for registration of
transfer at the office or agency of the Company in any place where the
principal of (and premium, if any) and interest on this Security are payable,
when duly endorsed by, or accompanied by a written instrument of transfer in
form satisfactory to the Company and the Security Registrar duly executed by,
the Holder hereof or his attorney duly authorized in writing, and thereupon one
or more new Securities of this series, of authorized denominations and for a
like aggregate principal amount and tenor, will be issued to the designated transferee
or transferees.

 

The Securities of this series are issuable only in
registered form without coupons in denominations of $1,000 and any larger
amount that is an integral multiple of $1,000. 
As provided in the Indenture and subject to certain limitations therein
set forth, Securities of this series are exchangeable for a like aggregate
principal amount and tenor of Securities of this series of a different
authorized denomination, upon surrender of the Securities to be exchanged at
any such office or agency as described above.

 

No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge payable in
connection therewith.

 

Prior to due presentment of this Security for
registration of transfer, the Company, the Trustee and any agent of the Company
or the Trustee may treat the Person in whose name this Security is registered
as the owner hereof for all purposes, whether or not this Security be overdue,
and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary.

 

As provided in the Indenture, no recourse shall be had
for the payment of the principal of (or premium, if any, on) or the interest,
if any, on this Security, or any part hereof, or for any claim based hereon or
otherwise in respect hereof, or of the indebtedness represented hereby, or upon
any obligation, covenant or agreement of the Company in the Indenture, against
any incorporator, direct or indirect stockholder, officer or director, as such,
past, present or future, of the Company or of any successor corporation (either
directly or through the Company or any such successor corporation), whether by
virtue of any constitutional provision, statute or rule of law, or by the
enforcement of any assessment or penalty or otherwise, all liability, if any,
of that character against every such incorporator, stockholder, officer and
director being by the acceptance hereof, and as a condition of and as part of
the consideration for the issue hereof, expressly waived and released.

 

4

 

The Indenture and the Securities shall be governed by
and construed in accordance with the laws of the State of New York.

 

All terms used in this Security which are defined in
the Indenture shall have the meanings assigned to them in the Indenture.

 

Unless the certificate of authentication hereon has
been executed by the Trustee by manual signature, this Security shall not be
entitled to any benefit under the Indenture or be valid or obligatory for any
purpose.

 

5

 

IN WITNESS WHEREOF, the Company has caused this
instrument to be duly executed and attested.

 

	
   

  	
  WASHINGTON MUTUAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name: Thomas W. Casey

  
	
   

  	
  Title: Chief Financial
  Officer

  
	
   

  	
   

  
	
  Attest:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name: William L. Lynch

  	
   

  
	
  Title: Secretary

  	
   

  
						

 

 

TRUSTEE’S
CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series designated
and issued under the within mentioned Indenture.

 

	
  Dated: March 22,
  2005

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE BANK OF NEW YORK,
  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Authorized
  Signatory

  	
   

  

 

6

 

ABBREVIATIONS

 

The following abbreviations, when used in the inscription
on this Security, shall be construed as though they were written out in full
according to applicable laws or regulations.

 

	
  TEN COM – 

  	
   

  	
  as tenants in common

  	
   

  	
  UNIF GIFT MIN ACT

  
	
  TEN ENT –

  	
   

  	
  as tenants by the
  entireties with right of

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  survivorship and not as
  tenants in common

  	
   

  	
   

  	
   

  
	
  JT TEN –

  	
   

  	
  as joint tenants with
  right of 

  	
   

  	
   

  	
  Custodian

  
	
   

  	
   

  	
  survivorship and not as
  tenants in

  	
   

  	
  (Cust)

  	
   

  
	
   

  	
   

  	
  common

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (Minor)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  Under Uniform Gifts to
  Minor Act

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  (State)

  	
   

  
							

 

Additional abbreviations
may also be used though not in the above list.

 

7

 

FOR VALUE RECEIVED, the undersigned hereby sells,
assigns and transfers to

 

INSERT SOCIAL SECURITY OR

OTHER IDENTIFYING NUMBER OF ASSIGNEE

 

 

 

 

PLEASE PRINT OR
TYPEWRITE NAME AND ADDRESS OF ASSIGNEE

 

 

 

the within Security of Washington Mutual, Inc., and
irrevocably constitutes and appoints                                                                                                                                          to
transfer said Security on the books of the within named Company, with full
power of substitution in the premises.

 

	
  Dated:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
   

  	
  The signature to this
  assignment must

  correspond with the name as written upon

  the face of the Security in every particular

  without alteration or enlargement, or any

  change whatsoever.

  
	
   

  	
   

  
	
   

  	
  Signatures must be
  guaranteed by an

  “eligible guarantor institution” meeting the

  requirements of the Security Registrar,

  which requirements include membership or

  participation in the Security Transfer Agent

  Medallion Program (“STAMP”) or such

  other “signature guarantee program” as

  may be determined by the Security

  Registrar in addition to, or in substitution

  for, STAMP, all in accordance with the

  Securities Exchange Act of 1934, as

  amended.

  

 

8EXHIBIT 10.62

 

TERMINATION AGREEMENT AND RELEASE

 

THIS TERMINATION AGREEMENT AND RELEASE (the
“Agreement”) is entered into effective as of December 24, 2004, by and between
MRS. FIELDS FRANCHISING, LLC, a Delaware limited liability corporation (“MFF”),
the successor in interest to MRS. FIELDS’ BRAND, INC, and SHADEWELL GROVE IP,
LLC (“Shadewell”), the successor in interest to NONNI’S FOOD COMPANY, INC.  MFF and Shadewell sometimes are referred to
in this Agreement individually, as a “Party” and collectively, as the
“Parties.”

 

RECITALS

 

A.            MFF
is in the business of selling high-end specialty cookies and other treat items,
or franchising or licensing others to use its marks and trade names to sell
similar or related products.

 

B.            Shadewell
is a food production and distribution company that had obtained the right to
use MFF marks and trade names to sell, inter
alia, frozen cookie dough under the MFF marks and trade names.  The right to produce and market frozen cookie
dough was granted by way of an agreement entered into between the Parties dated
the 2nd of January, 2002, and entitled TRADEMARK LICENSE AGREEMENT
(the “Dough Agreement”) attached hereto as Exhibit A.

 

C.            The
Parties desire now to terminate and end all activities pertaining to the Dough
Agreement and their relationship thereunder, and to set forth in this Agreement
the terms and understandings concerning termination of the Dough Agreement.

 

AGREEMENT

 

NOW, THEREFORE, in consideration of the foregoing
recitals and the mutual promises and covenants set forth herein, the Parties
hereby agree as follows:

 

1.             Termination
of the Dough Agreement.  The Parties
acknowledge and agree, in accordance with the terms and conditions set forth
herein, that the Dough Agreement and all of the Parties’ obligations thereunder,
except those that shall expressly survive termination as set forth herein, are
hereby terminated and shall have no further force and effect after the
effective date of this Agreement

 

THE PARTIES ACKNOWLEDGE AND AGREE THAT THOSE
OBLIGATIONS AND DUTIES WHICH HAVE EFFECT ON A POST-TERMINATION BASIS AND WHICH
ARE EXPRESSLY SET FORTH IN THE DOUGH AGREEMENT SHALL BE PERFORMED AND OBSERVED
HEREAFTER TO THE EXTENT AND FOR A TERM AS EXPRESSED IN THE DOUGH AGREEMENT.

 

2.             Termination
Fee Payment by MFF to Shadewell.  In
consideration of each of the covenants and terms set forth herein, including
without limitation agreeing to terminate its rights under the Dough Agreement
and agreeing to grant MFF a Release from liability pertaining to such, MFF
hereby agrees to pay Shadewell, which includes any amounts that may be owed to

 

 

 

Shadewell by MFF under the Dough Agreement for any reason, One Million
Fifty Thousand U.S. Dollars ($1,050,000.00 USD) which shall be due and payable
to Shadewell upon full execution of this Agreement.

 

3.             Disposal
of Inventory; Merchandising Materials. 
The Parties agree that Shadewell shall (i) immediately cease all
marketing and sales activity with respect to the Royalty Bearing Products under
the Dough Agreement (“Dough Products”) and (ii) within six (6) months from the
date hereof (such period, the “Sell-Off Period”), complete any current business
commitments and delivery of product that pertains to its operations under the
Dough Agreement.  In addition, as
previously agreed to in Section 17 of the Dough Agreement, during the Sell-Off
Period Shadewell shall be permitted to sell off all inventory through its
normal business activities and channels, and in accordance with the policies,
prices and standards established for marketing and distribution of the Dough
Products in the manner set out in the Dough Agreement.  All activities during the Sell-Off Period
shall include the payment of all royalties accrued as determined by Section 5
of the Dough Agreement.  After the
expiration of the Sell-Off Period, the Parties agree that no further Dough
Products will be sold by Shadewell to any third party, and all remaining excess
inventory, if any, will be destroyed or otherwise disposed of in the manner
mutually agreed upon by the parties at that time.  Shadewell agrees, if requested by MFF, to
provide an accounting of the inventory at the end of the Sell-Off Period and to
provide proof of disposal or destruction of all excess inventory.  The Parties agree that all business
operations of Shadewell that pertain to the Dough Agreement shall cease by, at
the latest June 30, 2005.  MFF agrees to
use its commercially reasonable efforts to cause its franchisees to buy at cost
the merchandising materials (including ovens and marketing displays) currently
used by Shadewell in connection with the sale and distribution of Dough
Products.

 

4.             Indemnification
and Insurance.  Notwithstanding
anything to the contrary set forth herein, the Parties’ provisions regarding
Insurance in Section 14, and the Parties Indemnification obligations under
Section 20 of the Dough Agreement, shall remain in place as long as the product
contemplated in the Dough Agreement remain in the stream of commerce.

 

5.             No
Obligations.  Shadewell hereby
represents and warrants that (i) it has not entered into any agreements that
would obligate Shadewell to sell, deliver or distribute any Dough Products at
any point after the Sell-Off Period and (ii) the execution and performance of
this Agreement will not violate the terms of any agreement, contract or
commitment to which Shadewell is a party.

 

6.             Confidentiality.  The Parties, and each of them, shall keep
strictly confidential this Agreement and the events giving rise to this
Agreement, including the performance of either Party pursuant to this
Agreement.  In addition, the Parties
continue to be bound by the terms of Section 15 of the Dough Agreement
regarding confidentiality of any protected information disclosed between the
parties previously.  This provision shall
remain in force at any time following the ceasing all business operations under
the Dough Agreement.  In the event of any
breach of this Section, the non-breaching Party may apply to the appropriate
court for injunctive relief, and further the non-breaching Party may proceed
with an action in the appropriate court for damages resulting from such
prohibited disclosures.

 

2

 

7.             Enforcement
and Support Assistance.  The Parties
agree to work together and cooperate to help enforce the provisions and intent
of this Agreement as well as the intent of their other trademark license
agreements.  Specifically, the Parties
agree as follows:

 

a.             Dough Agreement.  Shadewell agrees to assist MFF to ensure all
product contemplated under the Dough Agreement is removed from commerce within
a reasonable amount of time, and agrees to help identify and address instances
where consumers may seek to continue to obtain or use the product that relates
to the Dough Agreement after termination of this Agreement. Moreover, in the
event it is necessary to execute any additional documents to carry out the
intent of this Agreement, the Parties will reasonably cooperate to draft,
execute, and if necessary, record or file such documents.

 

b.             Maxfield Activities.  As Maxfield Candy Co., a Utah Corporation
(“Maxfield”) holds a license to sell “Munchers” candy under the MFF marks and
trade names, MFF agrees to use its best efforts to cause Maxfield to change any
Potentially Confusing Packaging that they submit for approval after the date
hereof to reduce confusion between products licensed to Maxfield and products
licensed to Shadewell.  In addition, MFF
will endeavor to share with Shadewell any Potentially Confusing Packaging prior
to its approval by MFF.  In addition, MFF
agrees to use commercially reasonable efforts to cause Maxfield to change its
existing Potentially Confusing Packaging to reduce confusion between products
licensed to Maxfield and products licensed to Shadewell.  Moreover, MFF agrees to inform Maxfield when
MFF learns “Munchers” candy receives retail product placement with cookies
rather than candy and to use commercially reasonable efforts to cause Maxfield
to have the “Munchers” product relocated to the candy isle to avoid confusion
with the shelf-stable cookie and related products that are licensed to
Shadewell.  “Potentially Confusing
Packaging” shall mean packaging for a product licensed to Maxfield that is
potentially confusing with a product licensed to Shadewell.

 

8.             Release.  In consideration of the termination fee and
the other covenants and agreements set forth herein, Shadewell, on its behalf
and for any company or entity in which Shadewell may hold any interest, and for
each of their employees, agents, spouses, successors, assigns, heirs, personal
representatives, executors and administrators (collectively, the “Releasor
Parties”), hereby releases and forever discharges MFF, and any affiliate,
wholly-owned or controlled corporation, subsidiary, predecessor, successor or
assign of MFF, and any former or current shareholder, officer, director,
employee, consultant or agent of any of them (the “Company Parties”), from any
and all claims, damages, agreements, contracts and indebtedness, whether
presently known or unknown, actual or potential, whether arising now or in the
future, which any of the Releasor Parties may now have, or may hereafter claim
to have against any of the Company Parties arising out of or related to the
contents, activities and any actions taken that pertain to the Dough Agreement,
or other obligations, performance or payments related to the Dough Agreement
(the “Released Claims”), and further promises never from this day forward,
directly or indirectly, to assert or maintain any action thereon against the
Company Parties, in any court or tribunal in any jurisdiction arising from or
related to the Released Claims.  In the
event any of the Releasor Parties breaches any of the covenants made herein by
any act or omission, the breaching party shall pay, by way of indemnification,
all costs and expenses of any

 

3

 

of the Company Parties caused by such act or omission, including
reasonable attorneys’ fees.  Specifically
excluded and excepted from the scope of this Section shall be those continuing
duties and obligations of MFF as set forth in this Agreement, including the
indemnification obligations set forth in Section 4 above.

 

9.             Warranties
of the Parties.  The Parties
represent and warrant that they each have the right and authority to execute
this Agreement.  All parties executing
this Agreement, or documents required by this Agreement, on behalf of any
corporation or other legal entity, expressly represent that they possess
requisite authority under applicable corporate law, to execute this Agreement
and any documents executed in pursuance hereof. Shadewell warrants that it has
not and will not assign any released claims to any other party.  Except as expressly set forth in this
Agreement, the Parties have not made and make no other representations,
warranties, statements, promises or agreements to each other.  Neither Party has entered this Agreement in
reliance on any representations made by the other Party, which have not been
included or disclosed in this Agreement.

 

10.           Choice
of Law and Venue.  This Agreement is
entered into in the State of Utah and shall be construed and interpreted in
accordance with its laws and statutes, and it is agreed that any disputes
relating to this Agreement shall be litigated only in State or Federal courts
situated in Utah County or Salt Lake County, State of Utah.

 

11.           Non-Waiver.  No failure of either Party to insist upon
strict performance of any performance, duty, agreement or condition of this
Agreement, or to exercise any right or remedy upon the breach thereof, shall
constitute a waiver of any breach of this Agreement.

 

12.           Counterparts.  This Agreement may be signed in counterparts,
which shall be considered one original.

 

13.           Attorney’s
Fees.  In the event any action or
proceeding is brought by either Party to enforce the provisions of this
Agreement, the prevailing Party shall be entitled to recover its costs and
reasonable attorney’s fees whether such sums are expended with or without suit,
at trial, arbitration, or on appeal.

 

14.           Integration.  This Agreement sets forth the entire
agreement and understanding between and among the Parties hereto with respect
to the subject matter hereof and supercedes all prior written and oral
agreements, term sheets, negotiations and understandings; shall be binding upon
the successors, assigns, heirs, and personal representatives of the parties,
and may not be rescinded, cancelled, terminated, supplemented, amended, or
modified in any manner whatsoever without the prior written consent of all
parties.

 

4

 

Executed as of the date first set forth above.

 

	
   

  	
  MRS. FIELDS
  FRANCHISING, LLC,

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Michael Ward

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Michael Ward

  	
   

  
	
   

  	
  Its:

  	
   

  	
  Executive Vice
  President, General Counsel

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  SHADEWELL GROVE IP, LLC

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Tim Bruer

  	
   

  
	
   

  	
  Name:

  	
   

  	
  Tim Bruer

  	
   

  
	
   

  	
  Its:

  	
   

  	
  President

  	
   

  

 

5

 

EXHIBIT
A

 

TRADEMARK
LICENSE AGREEMENT

Dated January 2, 2002

[Intentionally Omitted]

 

6

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