Exhibit 10.10
El Pollo Loco® Franchise Development Agreement # _________
El Pollo Loco® Franchise Development Agreement # _________
TABLE OF CONTENTS:
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 2 of 32
El Pollo Loco® Franchise Development Agreement # _________
EL POLLO LOCO® FRANCHISE DEVELOPMENT AGREEMENT
(Non-exclusive/Exclusive)
THIS EL POLLO LOCO® FRANCHISE DEVELOPMENT AGREEMENT (“Agreement”) dated for identification purposes only as of _____________________, is made and entered into by and between El Pollo Loco, Inc., a Delaware corporation, with its principal place of business at 3535 Harbor Blvd, Suite 100, Costa Mesa, California 92626 (referred to herein as “Franchisor”) and __________________a___________, with its principal place of business at _____________________________________ (“Developer”).
NOW, THEREFORE, in consideration of the mutual covenants and obligations herein contained, the parties hereto agree as follows:
| 1. | Development Rights in Territory. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 3 of 32
El Pollo Loco® Franchise Development Agreement # _________
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 4 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 2. | Limitation on Development Rights. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 5 of 32
El Pollo Loco® Franchise Development Agreement # _________
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 6 of 32
El Pollo Loco® Franchise Development Agreement # _________
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 7 of 32
El Pollo Loco® Franchise Development Agreement # _________
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 8 of 32
El Pollo Loco® Franchise Development Agreement # _________
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 9 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 3. | Development Fee. |
| 4. | Term of Development Agreement. |
| 5. | Territory Conflicts. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 10 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 6. | Proprietary Rights of Franchisor. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 11 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 7. | Insurance and Indemnification. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 12 of 32
El Pollo Loco® Franchise Development Agreement # _________
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 13 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 8. | Transfer of Rights. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 14 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 9. | Acknowledgment of Selected Terms and Provisions of the Franchise Agreement. |
| 10. | Termination by Developer; Expiration Date. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 15 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 11. | Events of Default. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 16 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 12. | Effect of Termination. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 17 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 13. | Non-Waiver. |
| 14. | Independent Contractor and Indemnification. |
| 15. | Entire Agreement. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 18 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 16. | Dispute Resolution |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 19 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 17. | Severability. |
| 18. | Applicable Law; Choice of Forum; Waiver of Jury Trial. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 20 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 19. | Document Interpretation. |
| 20. | Covenant Not to Compete. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 21 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 21. | Notices. |
El Pollo Loco, Inc.
Attn: Legal Department re: DA# _____
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 22 of 32
El Pollo Loco® Franchise Development Agreement # _________
3535 Harbor Blvd, Suite 100
Costa Mesa, CA 92626
(714) 599-5503 (fax)
| 22. | Section Headings. |
| 23. | Acknowledgments. |
| 24. | Counterparts. |
| 25. | Compliance with Laws, Rules or Regulations. |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 23 of 32
El Pollo Loco® Franchise Development Agreement # _________
SIGNATURE PAGE(S) TO FOLLOW
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 24 of 32
El Pollo Loco® Franchise Development Agreement # _________
| 26. | SIGNATURES. |
IN WITNESS WHEREOF, the parties hereto have duly executed, sealed and delivered this El Pollo Loco® Franchise Development Agreement in duplicate original as of the dates set forth below.
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 25 of 32
El Pollo Loco® Franchise Development Agreement # _________
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 26 of 32
El Pollo Loco® Franchise Development Agreement # _________
EXHIBIT B TO EL POLLO LOCO® FRANCHISE DEVELOPMENT AGREEMENT - DEVELOPMENT SCHEDULE
DEVELOPER NAME: | |
NOTICE ADDRESS: | |
OFFICE PHONE: | |
OFFICE FAX: | |
PRINCIPAL1: | |
PRINCIPAL1 MOBILE & EMAIL: | |
PRINCIPAL2: | |
PRINCIPAL2 MOBILE & EMAIL: | |
COMMENCEMENT DATE: | |
EXPIRATION DATE: | |
TOTAL DEVELOPMENT FEE: | |
DEVELOPMENT SCHEDULE:
RESTAURANT NUMBER | INITIAL FRANCHISEE AMOUNT1 | RESAC SUBMITTAL DATES | SITE COMMITMENT DATES (Date for delivery of signed leases or purchase agreements) | OPENING DATE OF RESTAURANT |
Restaurant #1 | $40,000.00 | | | |
Restaurant #2 | $30,000.00 | | | |
Restaurant #3 | $30,000.00 | | | |
1 Initial Franchise Fee is the total amount applicable to this unit, without applying the Development Fee deposited with Franchisor at the time of execution of this Agreement.
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 27 of 32
El Pollo Loco® Franchise Development Agreement # _________
EXHIBIT C TO EL POLLO LOCO® FRANCHISE DEVELOPMENT AGREEMENT - EXISTING EL POLLO LOCO® RESTAURANTS IN THE TERRITORY
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 28 of 32
El Pollo Loco® Franchise Development Agreement # _________
EXHIBIT D TO EL POLLO LOCO® FRANCHISE DEVELOPMENT AGREEMENT – DEVELOPMENT INCENTIVES (If applicable)
FIRST AMENDMENT TO EL POLLO LOCO® FRANCHISE DEVELOPMENT AGREEMENT
THIS FIRST AMENDMENT TO EL POLLO LOCO® FRANCHISE DEVELOPMENT AGREEMENT (“Amendment”) is made and entered into this ____________, 20___, by and between El Pollo Loco, Inc., a Delaware corporation (“Franchisor”), with its principal place of business at 3535 Harbor Blvd, Suite 100, Costa Mesa, California 92626 and __________________, a ______________ with its principal place of business at _____________ (“Developer” or “You”).
RECITALS:
AGREEMENT:
NOW, THEREFORE, in consideration of the mutual covenants and obligations herein contained, the parties hereto agree as follows:
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 29 of 32
El Pollo Loco® Franchise Development Agreement # _________
Reduced Royalty | Reduced Advertising Fee | |
Year 1 | 2.5% | 2.5% |
Year 2 | 2.5% | 2.5% |
Year 3 | 2.5% | 2.5% |
Year 4 | 3.5% | 3.5% |
Year 5 | 4.5% | 4.5% (or 4% if in LA DMA) |
Year 6 and subsequent years | 5.0% | 5.0% (or 4% if in LA DMA |
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 30 of 32
El Pollo Loco® Franchise Development Agreement # _________
With respect to the Claims, Developer acknowledges that Developer has either been advised by legal counsel or has made itself familiar with the provisions of California Civil Code section 1542. It is expressly acknowledged by each of the undersigned that any and all rights granted under Section 1542 of the California Civil Code, or any similar provisions, are hereby expressly waived. Such statute reads as follows:
“SECTION 1542. A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”
Developer, being aware of the foregoing code section, hereby expressly waives any rights Developer may have thereunder, as well as under any other statutes or common-law principles of similar effect, pertaining to the Claims. Developer voluntarily waives all benefits and protections of Civil Code Section 1542, and any comparable law, and intends the release above to apply to known and unknown claims alike. Developer certifies Franchisor is not in breach or default and Developer does not have any claims, defenses, offsets or credits against Franchisor or the DF due under the Development Agreement.
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 31 of 32
El Pollo Loco® Franchise Development Agreement # _________
Miscellaneous. All capitalized terms not otherwise defined in this Amendment shall have the meanings given in the Development Agreement. Titles and captions are for convenience only and shall not constitute a portion of this Amendment. The parties hereto acknowledge that they have read and fully understand the provisions of this Amendment and that said provisions constitute a complete and exclusive expression of its terms and conditions. The parties executing this Amendment on behalf of Franchisor and Developer are duly authorized to do so. This Amendment may be executed in one or more counterparts, each of which will constitute an original, but all of which together will constitute but a single document. A signature on this Amendment transmitted via facsimile or electronic mail/PDF or equivalent, electronic signature (such as DocuSign, or equivalent) shall be considered an original for all purposes hereunder.
IN WITNESS WHEREOF, the parties hereto have duly executed, sealed and delivered this First Amendment to El Pollo Loco® Franchise Development Agreement in duplicate original as of the date(s) set forth below.
Exhibit F of Multi-State Disclosure Document (Control No. 032724)
El Pollo Loco® Franchise Development Agreement - Page 32 of 32