BUFFALO WILD WINGS AMENDMENT TO AREA DEVELOPMENT AGREEMENT
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EX-10.1 2 a101amendmenttoarea_develo.htm EXHIBIT 10.1 Exhibit
BUFFALO WILD WINGS®
AMENDMENT TO AREA DEVELOPMENT AGREEMENT
AMENDMENT TO AREA DEVELOPMENT AGREEMENT
THIS AMENDMENT is made and entered into by and among Buffalo Wild Wings International, Inc., an Ohio corporation ("we," "us" or "Franchisor"), and AMC Wings, Inc., a Michigan corporation ("AMC", -Developer" or "you). All capitalized terms not defined in this Amendment have the meanings set forth in the Area Development Agreement (defined below). To the extent that the terms of this Amendment are inconsistent with any of the terms of the Area Development Agreement, the terms of this Amendment will supersede and govern. This Amendment is effective on the date we sign below (the "Effective Date").
RECITALS
WHEREAS, Franchisor and Developer are parties to an Area Development Agreement dated July 18, 2003, as amended December 27, 2003, March 20, 2007, November 5, 2007, December 10, 2008, and August 23, 2013 (the "ADA), pursuant to which Developer was granted the right to develop and operate thirty-two (32) BUFFALO WILD WINGS restaurants;
WHEREAS, Developer requested the right to develop ten (10) additional BUFFALO WILD WINGS restaurants under the ADA in the Development Territory as further specified in Section 4 below, for a total of forty-two (42) Restaurants; and
WHEREAS, Franchisor has agreed to this request, subject to the terms and conditions hereof.
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree that the ADA is amended as follows:
1.Section 2.A of the ADA is deleted and replaced with the following:
"We grant to you, under the terms and conditions of this Agreement, the right to develop and operate forty-two (42) BUFFALO WILD WINGS Restaurants (the "Restaurants") within the territory described on Appendix A (-Development Territory")."
2. Section 3.A of the ADA is amended to include the following language:
Franchisor and Developer acknowledge and agree that Developer previously paid a Development Fee in the amount of $60,000 to Franchisor on or about July 18, 2003. Franchisor and Developer further acknowledge and agree that, Developer paid a Development Fee in the amount of $40,000 on or about March 20, 2007; a Development Fee in the amount of $25,000 on or about October 11, 2007; and a Development Fee in the amount of $31,250 on or about December 10, 2008. The initial franchise fee for stores #33- #42 is $12,500, $6,250 of which will be due at signing of each Franchise Agreement. Franchisor and Developer further acknowledge and agree that, on or before the Effective Date of the Amendment, and in consideration of the Franchisor's
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grant of rights to develop an additional ten (10) BUFFALO WILD WINGS Restaurants, Developer shall pay to Franchisor a Development Fee applicable to these ten (10) Restaurants in the amount of $62,500.
3. Appendix A attached to the ADA which contains the "Description of Development Territory" to the ADA is deleted and replaced with the following:
Territory in the Tampa, Florida area: North Boundary: Pasco County line & Hernando County Line, then eastbound on a line along Pasco County line to Sumter County Line. East Boundary: Sumter County Line/Pasco County Line southbound to Hillsborough County Line continuing south along Hillsborough County Line to Mansatee County, then continuing south along Manatee County line to Route 72. South Boundary: Route 72 westbound to Gulf of Mexico. West Boundary: Route 72 & Gulf of Mexico, then north bound along shoreline ofGulf of Mexico to Tampa Bay, then follow eastern shoreline of Tampa Bay in a NE direction to City of Tampa; follow Tampa Bay shoreline around Tampa Bay peninsula, then in a NW direction to intersection with Tampa Bay shoreline and Hillsborough County line; then northbound along Hillsborough county line to Pasco County Line eastbound to Route 41 northbound to intersection with Pasco and Hernando County line.
Territory in St. Petersburg, Florida: South of Route 688 in St. Petersburg, Florida with Tampa Bay as east boundary and Gulf of Mexico as west boundary.
Territory in Lee County, Florida: Lee County, Florida with southern boundary stopping at Exit 128 on 1-75.
Territory in Lapeer, Michigan: A four mile radius from the intersection ofM-24 and 1-69, more precisely described as Latitude 43.0244/Longitude -83.3225.
Territory in Owosso, Michigan: A six mile radius from the intersection of M-21 and M-52, more precisely described as Latitude 42.9975/Longitude -84.1367.
Territory in Adrian, Michigan: A four mile radius from the intersection ofM-34 and US-223, more precisely described as Latitude 41.88911Longitude -84.0604.
Territory in Marquette, Michigan: A three mile radius from the intersection of County Highway 492 and M-41, more precisely described as Latitude 46.5494/Longitude -87.4558.
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Territory in Sault Sainte Marie, Michigan: A three mile radius from the intersection of Larke Street and 1-75, more precisely described as Latitude 46.4629/Longitude -84.3833.
Territory in Gaylord, Michigan: A four mile radius from the intersection of 1-75and M-32, more precisely described as Latitude 45.0279/Longitude -84.6879.
Territory in Cadillac, Michigan: A three mile radius from the intersection of 34 Mile Road and US-131, more precisely described as Latitude 44.2814/Longitude -85.3885.
Territory in Alpena, Michigan: A three mile radius from the intersection ofM-32 and Bagley Street, more precisely described as Latitude 45.0616/Longitude -83.4714.
Territory in West Branch, Michigan: A four mile radius from the intersection ofl-75 and Business 1-75, more precisely described as Latitude 44.24511Longitude -84.2255.
Territory in Downtown Detroit, Michigan: Beginning at the intersection of Pallister and Rosa Parks Blvd., then east on Pallister to the intersection of Paliister and Bethune, then east on Bethune to John R, then south on John R to Mack, then east on Mack to 1-75, then south on 1-75 to 1-375, then south on 1-375 to Jefferson, then eat on Jefferson to Rivard, then south on Rivard to the waterfront, then west along the waterfront to a chord aligned with Trumbull, then north on Trumbull to Holden, then northwest on Holden to Pallister, then north on Pallister to the point of beginning.
City Limits: The Designated Territory shall also include the city limits of Belleville, Chesterfield, Flint, Grand Blanc, Traverse City, Petoskey, and Port Huron in the State of Michigan and the city limits of Lakeland in the State of Florida.
Village of Birch Run, Michigan: A seven mile radius from the intersection of Beyer Road and Main Street, more precisely described as Latitude 43.2501/Longitude -83.7827.
Territory in Tarpon Springs, FL: A three mile radius from the intersection of E Tarpon Avenue & US 19, more precisely described as Latitude 28.14609/Longitude -82.74019.
Territory in Port Richey, FL: A three mile radius from the intersection of Embassy Road and US 19, more precisely described as Latitude 28.29377/Longitude -82.70931.
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Territory in Spring Hill, FL and Brooksville, FL: A nine mile radius from the intersection of Mariner Boulevard and SR 50, more precisely described as Latitude 28.53376/Longitude -82.51152.
Territory in Iverness, FL: A three mile radius from the intersection of Main Street (SR 44) and Pleasant Grove Road, more precisely described as Latitude 28.83608/Longitude-82.35298.
Territory in Houghton, MI: A three mile radius from the intersection of Huron Street and Razorback Drive, more precisely described as Latitude 47.10777/Longitude -88.58648.
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4. The table in Appendix B to the ADA, which contains the Development Schedule, is deleted and replaced with the following:
Restaurant Number | Restaurant Type | Date by Which Franchise Agreement Must be Signed and Site Approval Request Must be Submitted to us | Date by Which the Restaurant Must be Opened and Continuously Operating for Business in the Territory | Cumulative number of Restaurants Required to be Open and Continuously Operating fro Business in the Development Territory as of the Date in Preceding Column |
1 | Free Standing | Date of Agreement | July 1, 2004 | 1 |
2 | End Cap | August 1, 2004 | July 1, 2005 | 2 |
3 | End Cap | August 1, 2005 | May 1, 2006 | 3 |
4 | End Cap | March 1, 2006 | May 1, 2007 | 4 |
5 | End Cap | August 1, 2006 | September 1, 2007 | 5 |
6 | TBD | March 1, 2007 | November 1, 2007 | 6 |
7 | TBD | August 1, 2007 | March 1, 2008 | 7 |
8 | TBD | March 1, 2008 | November 1, 2008 | 8 |
9 | TBD | August 1, 2008 | March 1, 2009 | 9 |
10 | TBD | March 1, 2009 | November 1, 2009 | 10 |
11 | TBD | September 1, 2009 | May 1, 2010 | 11 |
12 | TBD | March 1, 2010 | November 1, 2010 | 12 |
13 | TBD | September 1, 2010 | May 1, 2011 | 13 |
14 | TBD | March 1, 2011 | November 1, 2011 | 14 |
15 | TBD | August 1, 2011 | April 1, 2012 | 15 |
16 | TBD | December 1, 2011 | August 1, 2012 | 16 |
17 | TBD | March 1, 2012 | November 1, 2012 | 17 |
18 | TBD | August 1, 2012 | April 1, 2013 | 18 |
19 | TBD | December 1, 2012 | August 1, 2013 | 19 |
20 | TBD | March 1, 2013 | November 1, 2013 | 20 |
21 | TBD | August 1, 2013 | April 1, 2014 | 21 |
22 | TBD | December 1, 2013 | August 1, 2014 | 22 |
23 | TBD | March 1, 2014 | November 1, 2014 | 23 |
24 | TBD | August 1, 2014 | April 1, 2015 | 24 |
25 | TBD | December 1, 2014 | August 1, 2015 | 25 |
26 | TBD | March 1, 2015 | November 1, 2015 | 26 |
27 | TBD | August 1, 2015 | April 1, 2016 | 27 |
28 | TBD | December 1, 2105 | August 1, 2016 | 28 |
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29 | TBD | March 1, 2016 | November 1, 2016 | 29 |
30 | TBD | August 1, 2016 | April 1, 2017 | 30 |
31 | TBD | December 1, 2016 | August 1, 2017 | 31 |
32 | TBD | March 1, 2017 | November 1, 2017 | 32 |
33 | TBD | August 1, 2017 | April 1, 2018 | 33 |
34 | TBD | December 1, 2017 | August 1, 1, 2018 | 34 |
35 | TBD | March 1, 2018 | November 1, 2018 | 35 |
36 | TBD | August 1, 2018 | April 1, 2019 | 36 |
37 | TBD | December 1, 2018 | August 1, 2019 | 37 |
38 | TBD | March 1, 2019 | November 1, 2019 | 38 |
39 | TBD | August 1, 2019 | April 1, 2020 | 39 |
40 | TBD | December 1, 2019 | August 1, 2020 | 40 |
41 | TBD | March 1, 2020 | November 1, 2020 | 41 |
42 | TBD | August 1, 2020 | April 1, 2021 | 42 |
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5. Effect. Except as expressly modified herein, the terms of the ADA control.
DEVELOPER: | US: | |||
AMC WINGS, INC. | BUFFALO WILD WINGS INTERNATIONAL, INC. | |||
Date: August 13, 2015 | Date: August 13, 2015 | |||
/s/ T. Michael Ansley | /s/ Sally J. Wold | |||
By: Diversified Restaurant Holdings, Inc. | By: Sally J. Wold | |||
As Sole Shareholder of AMC Wings, Inc. | Its: President & CEO | |||
Its: President & CEO, T. Michael Ansley | ||||
Effective Date: August 13, 2015 | ||||
AMC WINGS, INC.
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