Amendment to Sub-Franchisor Agreement between Royal Bakery Holdings, Inc. and Egg Tart Café United Holdings, LLC
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Summary
Royal Bakery Holdings, Inc. and Egg Tart Café United Holdings, LLC have amended their original Sub-Franchisor Agreement dated October 3, 2013. The amendment changes the payment terms for the $50,000 sub-franchisor fee. Egg Tart Café will now pay $10,000 after signing the agreement, with the remaining balance due when Egg Tart Café signs up franchisees, due to delays in securing leases for café outlets in the San Francisco Bay Area.
EX-10.2 8 fs12013ex10ii_royalbakery.htm AMENDMENT TO SUB FRANCHISOR AGREEMENT Unassociated Document
Exhibit 10.2
Royal Bakery Holdings, Inc.
Amendment to
Sub Franchisor Agreement
On the Sub-Franchisor Agreement signed between Royal Bakery and Egg Tart Café United Holdings on October 3, 2013, where on Item 5, regarding Initial Fees, the Agreement states when both parties signed the agreement, Egg Tart Café will pay Royal Bakery $50,000 sub-franchisor fee.
With the delay on Egg Tart Café Holdings getting leases for café outlets in San Francisco Bay Area, both Parties agreed to the following:
Egg Tart Café will pay Royal Bakery $10,000 after signing the Agreement and the remaining balance will pay to Royal Bakery when Egg Tart Café Holdings is signing up franchisees.
| Royal Bakery Holdings, Inc. | |
| /s/ Tommy Cheung | |
| Tommy Cheung, President and Chairman | |
| Egg Tart Café United Holdings, LLC | |
| /s/ Stephen Wan | |
| Stephen Wan, managing member | |
Dated:
