4.7 SR 11-18-2024 - Laserfiche WebLink

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Page | 2 MVA/Furniture and Things Community Event Center Location Agreement 5. Subject to exceptions detailed herein and any additional terms included below, net proceeds collected from operation of equipment at the Location shall be divided as outlined hereafter. Subject to exceptions listed herein, net proceeds shall be defined as total collections minus sales tax, required permits and licenses, refunds, online connection and content fees, league fees, cost of products and prizes and any promotions agreed upon by MVA and Location. Future equipment installed at the Location by MVA shall be governed by this paragraph, including exceptions detailed below, unless agreed upon in writing by Location and MVA. a) PAID JUKEBOX PLAYS – MVA shall select the appropriate jukebox brand and fee structure to be used at the Location. Revenues collected from jukeboxes shall be divided as follows: 35% shall be retained by MVA to pay for music fees. Any remaining revenues shall be divided 50% to MVA and 50% to Location. b) BACKGROUND MUSIC – If the Location chooses to use passive background music supplied by TouchTunes, $50 per month shall be deducted from Location’s revenue share on a monthly basis. c) VIDEO GAMES, DARTS AND POOL TABLES – Revenues collected from video games, darts and pool tables shall be divided as follows: 50% to Location and 50% to MVA. ** Revenues collected from pinball machines released after 2014 and quarter pushers shall be divided as follows: 40% to Location and 60% to MVA. d) BULK VENDING - Revenues collected from bulk vending machines shall be divided as follows: 60% shall be retained by MVA to pay for product then 50% to Location and 50% to MVA. e) REDEMPTION GAMES – Revenues collected from redemption games shall be divided as follows: 40% will be retained by MVA to pay for product then 50% to Location and 50% to MVA. f) AUTOMATIC TELLER MACHINES (“ATMS”) – ATMs shall be stocked, operated, and serviced by MVA affiliate. ATM users shall be assessed a fee of $3.00 per transaction, of which $.50 shall be paid to Location as a commission per transaction from 50 to 100 transactions, $1.00 per transaction from 100-200 transactions and $1.50 per transaction for 200+ transactions per month. ATM commissions shall be paid to Location on the 20th of day of each month for the previous month’s transactions. g) OTHER AGREED UPON EXCEPTIONS – The parties may upon specific revenue splits, guarantees or other fee structures for specific equipment. Such exceptions shall be made in writing 6. The term of this agreement shall be for a period of 36 months from the date of this agreement and shall be automatically renewed for like periods on the same terms and conditions, unless either party to this agreement shall give to the other party notice in writing sent registered mail of its intention to terminate and cancel this agreement, which notice shall be given no more than sixty (60) days and no less than thirty (30) days prior to the expiration of the then current term hereof. 7. In the event of any breach of this Agreement, in addition to any other remedy which may be available, MVA may elect to terminate this Agreement and remove all of its equipment, without interference from Location, and shall be entitled to liquidated damages in a sum equal to the Company’s Page 26 of 204