Schedule of License and Franchise Agreements for Texas Roadhouse Restaurants Involving Directors, Officers, and Major Stockholders
This document lists Texas Roadhouse directors, executive officers, and 5% stockholders who have entered into license, franchise, or preliminary agreements to operate Texas Roadhouse restaurants as of December 31, 2013. It details the parties involved, agreement dates, ownership percentages, franchise fees, and royalty rates for each location. The agreements generally require no franchise fee and set royalty rates, with some exceptions for management fees or annual payments. The schedule also notes any transfers of franchise rights or special arrangements for certain locations.
EXHIBIT 10.7
Schedule of the Directors, Executive Officers and 5% Stockholders which have entered into License Agreements, Franchise
Agreements or Preliminary Agreements for a Texas Roadhouse Restaurant
As of December 31, 2013
|
|
| Name and Ownership |
| Prelim. Agt. |
| Fran. or Lic. |
| Franchise |
| Royalty Rate |
| ||
| BILLINGS, MT |
| W. Kent Taylor (55.0%) |
| 3/1/2002 |
| 11/3/2003 |
| $ | 0 |
| 3.5 | % | |
|
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|
|
| ||
| BOSSIER CITY, LA |
| Steven L. Ortiz (66.0%) |
| 3/19/2004 |
| 12/1/2004 |
| $ | 0 |
| 3.5 | % | |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| BROWNSVILLE, TX |
| Steven L. Ortiz (30.61%) |
| 5/14/2002 |
| 2/4/2003 |
| $ | 0 |
| 3.5 | % | |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| EVERETT, MA |
| W. Kent Taylor (59.0%) |
| 2/15/2002 |
| 11/21/2002 |
| $ | 0 |
| 3.5 | % | |
|
|
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|
|
|
|
|
|
|
|
|
| ||
| FARGO, ND (1) |
| Scott M. Colosi (5.05%) |
| 1/30/2006 |
| 8/25/2006 |
| $ | 0 |
| 3.5 | % | |
|
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|
|
|
|
|
| ||
| FARMINGTON, NM (2) |
| W. Kent Taylor (95.0%) |
| 3/19/2004 |
|
|
| $ | 0 |
| 3.5 | % | |
|
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|
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|
|
|
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| ||
| LEXINGTON, KY |
| W. Kent Taylor (10.0%) |
| N/A |
| 9/26/1994 (lic) |
| $ | 0 |
| 2.0 | % | |
|
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| ||
| LONGMONT, CO |
| Steven L. Ortiz (47.5%) |
| 12/19/2003 |
| 5/3/2004 |
| $ | 0 |
| 3.5 | % | |
|
|
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|
|
|
|
|
|
|
|
|
| ||
| MCKINNEY, TX |
| Steven L. Ortiz (30.0%) |
| 3/16/2004 |
| 9/8/2004 |
| $ | 0 |
| 3.5 | % | |
|
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|
|
|
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|
|
|
|
|
| ||
| MELBOURNE, FL(3) |
| W. Kent Taylor (34.0%) |
| N/A |
| Unknown (lic) |
| $ | 0 |
| 0 | % | |
|
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| ||
| MUNCIE, IN |
| W. Kent Taylor (11.48%) |
| N/A |
| 5/29/1996 (lic) |
| $ | 0 |
| $ | 50,000/yr |
|
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| ||
| NEW BERLIN, WI |
| Steven L. Ortiz (30.0%) |
| 3/17/2004 |
| 9/8/2004 |
| $ | 0 |
| 3.5 | % | |
|
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|
|
|
|
| ||
| OMAHA, NE |
| Scott M. Colosi (10.99%) |
| 3/19/2004 |
| 3/8/2005 |
| $ | 0 |
| 3.5 | % | |
|
|
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|
|
|
|
|
|
|
|
|
| ||
| PORT ARTHUR, TX |
| W. Kent Taylor (30.0%) |
| 12/15/2003 |
| 12/15/2003 |
| $ | 0 |
| 3.5 | % | |
| TEMPLE, TX |
| Steven L. Ortiz (78.0%) |
| 3/19/2004 |
| 3/11/2005 |
| $ | 0 |
| 3.5 | % |
|
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|
|
|
|
| |
| WICHITA, KS |
| W. Kent Taylor (48.1%) |
| 3/17/2004 |
| 12/1/2004 |
| $ | 0 |
| 3.5 | % |
(1) Franchise rights under Preliminary Agreement dated 4/27/2004 with Roadhouse of Louisiana, LLC were transferred to this location.
(2) Franchise rights under this Preliminary Agreement are to be transferred to a location not yet identified.
(3) Restaurant opened in September 1996. In lieu of royalties, the entity pays management fees.
