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HomeMy WebLinkAboutService America Corp/Centerplate Agreement _~ CATERING AND CONCESSION SERVICES AGREEMENT BETWEEN THE CITY OF MIAMI BEACH, FLORIDA AND SERVICE AMERICA CORPORATION d/b/a CENTERPLATE FOR THE MIAMI BEACH CONVENTION CENTER Dated as of March 1, 2007 {0946-168-00005647.DOC - 7 } CATERING AND CONCESSIONS SERVICES AGREEMENT THIS AGREEMENT (this "Agreement") is dated as of the 1St day of March, 2007, by and between the CITY OF MIAMI BEACH, a municipal corporation organized and existing under the laws of the State of Florida, and having its principal office at City Hall, 1700 Convention Center Drive, Miami Beach, Florida 33139 (the "City"), and SERVICE AMERICA CORPORATION d/b/a CENTERPLATE, a South Carolina corporation having an address at 201 East Broad Street, Spartanburg, SC, 29306 ("Centerplate" or "Concessionaire"). BACKGROUND The City is the owner of the Miami Beach Convention Center (the "Convention Center" or "Facility") including, without limitation, all adjacent grounds, sidewalks, rights- of-way and marshaling areas, but not including the adjacent parking lots, and which may also include, at a future date, a Ballroom, as defined in Section 4.2 hereof, located in the City of Miami Beach, Florida. The Facility is currently operated by SMG. The City entered into an Agreement with Service America Corporation for the preparation and delivery of food and beverage services for the Convention Center and the Jackie Gleason Theatre ("JGT"), dated December 17, 1986 (the "Original Concession Agreement"). The Original Concession Agreement provided an initial fifteen (15) year term, commencing on March 1, 1987, and ending on February 28, 2002. On May 16, 2001, the City Commission adopted Resolution No. 2001-24393, which exercised a renewal option to the Original Concession Agreement for an additional five (5) year term, which expired February 28, 2007. On April 11, 2006, the City issued Request for Proposals No. 22-05/06, to Provide Professional Food and Beverage Facilities Management Services at the Facility (the "RFP") .The RFP reflected the City's decision to remove the current prohibition restricting the City's food and beverage concessionaire from hosting local catering events such as banquets, weddings, and large non-profit organization events at the Convention Center, when those events do not book an exhibit hall and are not conventions, trade shows, public shows, entertainment events, or consumer shows. Thus, the RFP allowed for the concessionaire to host local catering events such as banquets, weddings, single event day corporate receptions and/or dinners without meeting or exhibition components, and single-day large non-profit organization events at the Facility (collectively, Social Catering Events"). On September 6, 2006, the City adopted Resolution No. 2006-26316, accepting the proposal submitted by Centerplate. Accordingly, the City desires to engage Centerplate, and Centerplate desires to accept such engagement, to provide catering and food and beverage services at the Facility on the terms and conditions set forth herein. The City intends to work in mutual accord with Centerplate in order to ensure {0946-168-00005697.DOC - 7 } provision of first-class high quality services, thereby enhancing the use and enjoyment of the Facility. NOW, THEREFORE, in consideration of the mutual premises, covenants and agreements herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties intending to be legally bound, hereby agree as follows: 1. DEFINITIONS For purposes of this Agreement, the following terms have the meanings referred to in this Section 1: (a) "Affiliate" shall mean a Person that directly or indirectly, through one or more intermediaries, controls or is controlled by, or is under common control with, Concessionaire. For purposes of this definition, "control" means ownership of equity securities or other ownership interests which represent more than fifty one percent (51 %) of the voting power in Concessionaire. (b) "Ballroom Services" shall mean, collectively, all Services performed by Concessionaire at Events held in the Ballroom. (c) "Barton G" shall mean BGW Design, Limited, Inc. d/b/a Barton G. (d) "Barton G Agreement" shall mean that certain agreement with respect to the provision of select social and corporate Events at the Facility by and between Concessionaire and Barton G dated as of 2007, which shall be made available for inspection upon request by the City. (e) "Barton G Event" shall mean Events conducted pursuant to the Barton G Agreement consisting of: (1) Social Catering Events, designed and conducted by Barton G (hereinafter, "Barton G Social Catering Events"); and (2) Events conducted by Barton G in conjunction with any other Event (etc.., in conjunction with a trade show, convention, corporate meeting, etc.) at the Facility. (f) "Barton G Receipts" shall mean the amount received by Barton G from food and beverage sales at Barton G Events excluding: (1) the amount of any federal, State or local sales or other such tax collected in connection with a Barton G Event; (2) the amount of any gross receipts, rent or similar tax; (3) gratuities collected by Barton G and for the benefit of Barton G's employees; (4) service or discount charges or fees on credit or debit card sales; (5) bulk or other sales not in the ordinary course of business; (6) sales made by Barton G at cost; (7) meals consumed by Barton G's on- duty personnel at no cost to such personnel; (8) amounts received for labor billed to third parties; and (9) amounts received from wardrobe {0946-168-00005647.DOC - 7 } 2 checking. The parties acknowledge that food and beverage sales shall exclude any amounts charged or received with respect to aspects of a Barton G Event other than food and beverages (e.g., entertainment, decor, flowers, linens, etc.). (g) "Branded Products" shall mean those nationally branded products and local, regional or ethnic specialty products sold by Concessionaire pursuant to Section 6.1(d) except that Branded Products shall not include any Concessionaire Branded Products. As of the date of the execution of this Agreement, the Branded Products sold at the Facility are listed on Exhibit "A" hereto. (h) "Branded Products Charges" shall mean the franchise, license and/or advertising fees, commissions, royalties or other charges actually paid by Concessionaire to a Branded Products provider, licensor, or franchisor in connection with the sale of Branded Products hereunder. (i) "Catered Event" shall refer to all sales of Food and Beverage Items at organized functions at the Facility, where the payment obligation for the function rests with one individual, group or company. (j) "Catering Services" shall mean the preparation and sale of Food and Beverage Items, including table and banquet type meal service, for Catered Events at the Facility. (k) "City" shall have the meaning set forth in the first Background paragraph of this Agreement. (I) "City Commission" shall mean the governing and legislative body of the City. (m) "City Manager" shall mean the chief executive officer of the City or such person as may be, from time to time, designated by such administrative official to act for him/her with respect to any or all matters pertaining to this Agreement. (n) "Concessionaire" shall have the meaning set forth in the first paragraph of this Agreement. (o) "Concessionaire Branded Products and Services" shall mean a product or service branded by Concessionaire or an Affiliate of Concessionaire. (p) "Consumer Price Index" shall mean the then latest available "Consumer Price Index: All Urban Consumers (Revised Series) (CPI-U), U.S. City Average -All Items (1982-84=100)", issued by the Bureau of Labor Statistics of the United States Department of Labor in the Current Labor Statistics Section of the Monthly Labor Review (final publication only). In {0946-168-00005647.DOC - 7 } 3 the event that the Index shall cease to use the 1982-84 average of 100 as the basis of calculation, or if a substantial change is made in terms or number of items contained in the Index, then the Index shall be adjusted to the figure that would have been derived had the manner of computing the Index had not been altered. In the event the Index is published less frequently than monthly, and any reference or computation is or shall be made pursuant to this Agreement in which month or other period the Index is not published, such reference or computation shall be deemed to be the average of the Index so published immediately preceding and succeeding such month or other period concerning such reference or computation. In the event that the Index shall be discontinued or no longer published, the parties shall substitute a comparable price index or formula and such substitute price index or formula shall have the same effect as if originally designated herein as the Index. (q) "Contract Year" shall mean twelve (12) consecutive calendar months commencing on October 1st and ending on September 30th during the Term. Notwithstanding the foregoing, the first Contract Year of the Agreement shall commence on the Commencement Date, and end on September 30th, 2007, and such period shall be considered a partial Contract Year for purposes of calculating Minimum Annual Rent pursuant to Section 5.2. (r) "Default Rate" shall mean a rate per annum equal to the lesser of: (i) a varying rate per annum equal to two percent (2%) per annum over the interest rate quoted from time to time by JP Morgan Chase or its successor, as its prime commercial or similar reference rate (whether or not such rate is its best lending rate), with adjustments in that varying rate to be made on the same date as any change in that rate; and (ii) the maximum non-usurious rate permitted by applicable law, with adjustments in that varying rate to be made on the same day as any change in that rate. (s) "Event" shall mean any event, convention, assembly, function, meeting or similar gathering at the Facility at which Services are provided. (t) "Facility" shall have the meaning set forth in the Background section of this Agreement. (u) "Facility Goods" shall mean all furniture, fixtures, equipment, leasehold improvements, Smallwares, uniforms, "tools of the trade," and other tangible items provided by Concessionaire pursuant to Article 4. (v) "Fiscal Year" shall mean City's fiscal year, which ends on September 30 of each calendar year, or such other fiscal year period as may from time to time be established by agreement of the parties. {0946-168-00005647.DOC - 7 } 4 (w) "Food and Beverage Items" shall mean (1) foods of all kinds, including, but not limited to, candies, cooked foods, prepared foods, ready to serve foods, sweets, desserts, ice cream, popcorn, and other food and refreshment items; (2) beverages of all kinds, including alcoholic beverages (to the extent permitted by this Agreement and applicable Governmental Requirements, now or hereafter in effect) and non-alcoholic beverages; and (3) tobacco products. (x) "Food and Beverage Sales" shall mean the Gross Receipts from Services provided at the Facility, exclusive of Barton G Receipts. (y) "Governmental Authority" shall mean any and all applicable courts, boards, agencies, commissions, offices or authorities of any nature whatsoever for any governmental or quasi-governmental unit (federal, State, City, County or otherwise), whether now or hereafter in existence. (z) "Governmental Requirements" shall mean any and all present and future laws, statutes, ordinances, decisions, decrees, statutes, rulings, rules, codes, procedures, orders, regulations, permits, certificates, licenses and other requirements of any Governmental Authority in any way applicable to Concessionaire, the Facility, the Services, this Agreement, or the City, without limitation, any safety laws, health laws, environmental laws and laws regarding the rights of and obligations to the handicapped and disabled, including without limitation, the Occupational Safety and Health Act ("OSHA") and the Americans With Disabilities Act (the "ADA"); provided, however, that (i) City shall have no compliance obligations under the ADA, and (ii) Concessionaire's compliance obligations under the ADA shall apply only with respect to the Service Areas from and after the date hereof. (aa) "Gross Receipts" shall mean the total amounts received by Concessionaire or its Affiliates from the provision of Services hereunder, whether arising from sales, rentals, license fees, concessions fees or other payments, and whether evidenced by cash, check, credit, charge account or otherwise and shall include the amounts received from the sale of all Food and Beverage Items at the Facility, together with the amount received from all orders taken or received at the Facility, whether such orders be filled from there or elsewhere, less only: (1) the amount of any federal, State or local sales or other such tax collected in connection with the sale of Food and Beverage Items and paid to the appropriate Governmental Authority; (2) the amount of any gross receipts tax, rent tax or similar tax; (3) gratuities collected by or for the benefit of Concessionaire's employees; (4) the amount of any Sales made to the City or its designee, or a third party at the request of the City or its designee in accordance with Section 6.1(k); (5) service or discount charges or fees on credit or debit card sales; (6) bulk or other sales not in the ordinary course of business; (7) sales or rentals made by {0946-168-00005647.DOC - 7 } 5 Concessionaire at cost; (8) meals consumed by Concessionaire's on-duty personnel at no cost to such personnel; (9) amounts received by Concessionaire for labor billed to third parties; (10) amounts received by Concessionaire from wardrobe checking; and (11) Barton G Receipts. (bb) "Hazardous Substances" shall mean substances that are defined or listed in, or otherwise classified pursuant to any Legal Requirement as "hazardous substances," "hazardous materials," "hazardous wastes," "toxic substances," "pollutants," "contaminants," "radioactive material," "petroleum or any fraction thereof" or any other formulation intended to define, list or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, radioactivity, carcinogenicity, reproductive toxicity or "EP toxicity." (cc) "Person" shall mean any individual, corporation, limited liability company, partnership, association, trust, political body, Governmental Authority or other public or private entity whatsoever. (dd) "Quality Operating Standard" shall mean a first-class catering and concession operation which is highly efficient and of a level of quality equal to or greater than the standards of quality or performance at comparable venues in the United States of America. (ee) "Renewal Term" shall have meaning set forth in Section 3. (ff) "Sales" shall mean the sale of Food and Beverage Items and the provision of Catering Services. (gg) "Sales Tax Payment" shall mean any ad valorem sales tax imposed, assessed or levied by the State of Florida, the City, or Miami-Dade County (or any tax jurisdiction that is a subdivision thereof) on or with respect to the delivery and payment of the fees by Concessionaire hereunder or in respect of the interest granted to Concessionaire pursuant to this Agreement, including, but not limited to, Concessionaire's rights of use of the Service Areas and Service Equipment and Facility Goods. (hh) "Service Area Utility System" means the Utility Systems located at or in or primarily serving the Service Areas and being utilized by the Concessionaire. (ii) "Service Areas" shall mean areas within the Facility and outside the Facility, which are first approved in writing by the City Manager or his designee, which approval shall not be unreasonably withheld, conditioned or delayed, and from which Concessionaire shall perform the Services hereunder. {0946-168-00005647.DOC - 7 } 6 (jj) "Service Equipment" shall mean those pieces of equipment at the Facility heretofore provided by Concessionaire for the provision of the Services at the Facility. (kk) "Services" shall mean the preparation and sale of Food and Beverage Items and the provision of Catering Services at any Event at the Facility. (II) "Smallwares" shall mean the kitchen utensils, pots, pans, service pieces, china, glassware, flatware, linen and serving dishes and wares. (mm) "Social Catering Events" shall have the meaning set forth in the preamble of this Agreement. (nn) "Social Catering Surcharge" shall mean a non-commissionable fee charged by the City or SMG for items and services provided by the City in connection with Social Catering Events in accordance with Exhibit "B" attached hereto. The parties acknowledge and agree that the Social Catering Surcharge shall be paid in lieu of the usual space rental fee charged by the City or SMG in connection with Events. The Social Catering Surcharge shall be based on actual persons served or guaranteed for such Social Catering Event, whichever is greater, and in accordance with final client settlement by Concessionaire or Barton G, as the case may be, for such Social Catering Events. The Social Catering Surcharge is $5.00 per person, subject to adjustment as provide in Exhibit <<B „ (oo) "Subcontractor Sales" shall mean the amounts received by Concessionaire from any subcontractor of Concessionaire hereunder. The parties acknowledge and agree that for purposes of this Agreement, Barton G shall not be deemed a subcontractor of Concessionaire. (nn) "Term" shall have the meaning set forth in Article 3. (oo) "Utility Systems" shall mean all heating, ventilation, air-conditioning, electrical, water, sewer, gas, plumbing, general lighting, sprinkler and fire safety, telephone and telecommunications facilities (including, if applicable, any fiber optics, if any, installed for telecommunications or security), duct work, fans, exhaust, air filtration, cleansing, and smoke extraction systems, conduit, wiring, wiring for point of sale outlets, panel boxes and connections and mechanicals (as applicable) and all elevators and escalators at the Facility. 2. ENGAGEMENT OF CONCESSIONAIRE 2.1 Grant of Rights. (a) Subject to the terms and conditions contained in this Agreement, the City hereby grants to Concessionaire the following: {0946-168-00005647. DOC - 7 } 7 (i) The exclusive right and privilege to provide the Services at the Facility; (ii) The exclusive right and privilege to use and occupy the Service Areas and to use the Service Equipment, Facility Goods, Smallwares, and Service Area Utility Systems in connection with the provision of Services at the Facility; (b) Notwithstanding the foregoing, Concessionaire shall not have the right to provide any Services in any adjacent areas outside the confines of the Facility. The right to provide Services in such areas is reserved to the City. The rights set forth in Section 2.1(a) are limited to interior of facilities unless otherwise provided for herein. The selection of a Service provider for outdoor activities at the Facility shall be determined by the City, in its sole discretion; provided, however, that Concessionaire shall have exclusive rights to outdoor Events and activities that are extensions of interior Events at the Facility. 2.2 Waiver of Exclusivity. (a) Subject to the limitations set forth in subsection (d) below, when reasonably requested by the City Manager or his designee, the Concessionaire shall, from time to time, release exclusivity with respect to Catering Services for City- sponsored Events. In addition, upon request by the City Manager or his designee, Concessionaire may, at its option, release such exclusivity with respect to select non City-sponsored Events. In releasing its exclusivity, Concessionaire shall incur no costs and shall be entitled to collect fifteen percent (15%) of Gross Receipts from such Event (or such other lump sum fee as may otherwise be agreed upon in writing between the Concessionaire and the City). Such percentage or other lump sum fee shall be considered a part of Gross Receipts for purposes of calculating the Step Tiers shown in Section 5.3(a) below, but no Commissions shall be payable with respect to such percentage or other lump sum fee. Notwithstanding the foregoing, the fifteen percent (15%) commission to which Concessionaire may otherwise by entitled with respect to City-sponsored Events shall be waived, upon request by the City Manager or his designee. (b) Notwithstanding anything to the contrary herein contained and subject to the limitations set forth in subsection (d) below, the parties agree that Concessionaire shall release its exclusivity with respect to Catering Services for the Art Basel Miami Beach Event; provided, however, that this release shall not preclude Concessionaire from providing Services at the Art Basel Miami Beach Event should Concessionaire be selected by Art Basel Miami Beach as its food and beverage service provider. In such event, all terms of this Agreement, including commission payments, shall apply. (c) In connection with any Event for which Concessionaire has waived its exclusive rights, third party vendors or service providers shall not have access to or {0946-168-00005647.DOC - 7 } be permitted to use the Service Areas, Service Equipment or Facility Goods without the prior written consent of Concessionaire, which consent may be withheld in Concessionaire's sole and absolute discretion. Concessionaire shall have the right, but not the obligation to supervise any third parties' use of the Service Areas, Service Equipment and Facility Goods, and to require such third parties to provide (i) written indemnification of Concessionaire in form and content acceptable to Concessionaire; (ii) a reasonable security deposit to be held by Concessionaire until the conclusion of such Event; and (iii) evidence of adequate liability insurance coverage in Concessionaire's reasonable business discretion. The City shall reimburse Concessionaire for all reasonable out-of-pocket expenses incurred by Concessionaire (including labor costs) (x) in removing Concessionaire's inventory and/or reasonably preparing the Service Areas, Service Equipment and Facility Goods areas to be used by a third party; and (y) to repair or replace Service Equipment or Facility Goods to the extent the same is damaged during use by a third party. Notwithstanding any provision of this Agreement to the contrary, no third party shall have the right to use any of the Concessionaire's inventory or those areas of the Service Areas which are used by Concessionaire for its administrative offices, or storage areas (including, without limitation, liquor and/or cash storage areas). (d) Notwithstanding anything to the contrary contained in this Agreement, in no event shall any waiver of any exclusive right granted to Concessionaire include or pertain to the sale of alcoholic beverages, and Concessionaire shall be the sole provider of alcoholic beverages at the Facility. 3. TERM 3.1 Term. The initial term of this Agreement (the "Initial Term") shall commence as of March 1, 2007 ("Commencement Date"), and end at midnight on September 30, 2012, unless earlier terminated pursuant to the provisions of this Agreement. Notwithstanding the preceding, the first Contract Year of the Term shall commence on the Commencement Date, and end on September 30t", 2007; thereafter each Contract Year during the Term shall commence on October 1St, and end on September 30t" 3.2 Renewal Term. The City shall have the option, in its sole and absolute discretion: (i) to extend this Agreement for up two (2) successive five (5) year terms (each option a "Renewal Option," and each 5-year period a "Renewal Term") by delivering written notice to Concessionaire of such intention not less than one hundred eighty (180) days prior to the expiration of the Initial Term (or an exercised Renewal Term, as the case may be); or (ii) to extend the Agreement for both successive Renewal Terms, subject to the provisions of Section 4.2. If so exercised by the City, the Initial Term and any Renewal Terms shall hereinafter be referred to, collectively, as the "Term." {0946-168-00005647.DOC - 7 } 9 4. INVESTMENT BY CONCESSIONAIRE 4.1 Initial Capital Investment. Concessionaire shall invest an amount not to exceed Eight Hundred Thousand Dollars ($800,000) in the Facility (the "Initial Capital Investment"). The Initial Capital Investment shall be used for improvements to the Facility, including, without limitation, renovations, changes, and/or modifications to improve the existing Service Areas and Service Equipment and/or purchase and installation of additional Facility Goods (together with expenditures pursuant to Section 4.2 below, "Investment Expenditures"). Investment Expenditures made with the Initial Capital Investment shall be made during the twelve (12) month period immediately following execution of this Agreement, in accordance with the mutual written agreement of the parties, acting reasonably and in good-faith. Should any portion of the Initial Capital Investment remain unspent following the expiration of such twelve (12) month period, Concessionaire shall make a lump-sum payment, in the amount of such remainder, to the City, within fifteen (15) days following receipt of the City's written request therefor. 4.2 Additional Capital Investment. Provided that prior to the expiration of the Initial Term the City: (i) undertakes to complete the proposed ballroom/multi-purposes space expansion within the Convention Center Complex (which, for purposes of this Section 4.2 is defined as the Facility and all adjacent publicly (City) owned land in the area bounded by Washington Avenue to the east; 17th Street to the south; Meridian Avenue to the west; and Dade Boulevard to the north) (the "Ballroom"); and (ii) simultaneously exercises both Renewal Options set forth in Section 3.2, thereby extending this Agreement for aten-year period following the Initial Term (the conditions set forth in items (i) and (ii) shall be referred to together as the "Ballroom Option"), Concessionaire shall invest an additional amount, not to exceed Two Million Dollars ($2,000,000), in the Facility (the "Additional Capital Investment"). The Additional Capital Investment shall be allocated and used as follows: (x) One Million Five Hundred Thousand Dollars ($1,500,000) toward improvements and equipment for the Ballroom, which Investment Expenditures shall commence/be made no sooner than the twelve (12) month period immediately prior to the scheduled grand opening of the Ballroom and which, in any event, shall be completed/spent on or before said scheduled grand opening; and (y) Five Hundred Thousand Dollars ($500,000) toward marketing and promotional initiatives at the Facility, all as shall be mutually agreed by the parties in writing, acting reasonably and in good-faith. Should any portion of the Additional Capital Investment in subsection (x) remain unspent by the scheduled grand opening date of the Ballroom, and/or should any portion of the Additional Capital Investment in subsection (y) remain unspent at the conclusion of the Term, Concessionaire shall remit a lump-sum payment, in the amount of such remainder, to the City, within fifteen (15) days following receipt of the City's written request therefore. Notwithstanding the foregoing, Concessionaire shall have no obligation to make the Additional Capital Investment, or any portion thereof, unless and until the conditions for the Ballroom Option have been met. 4.3 Carry-Over of Existing Investment. The parties hereby acknowledge that, pursuant to the Third Amendment to the Original Concession Agreement, dated May 16, {0946-168-00005647.DOC - 7 } 10 2001, Concessionaire invested One Million Two Hundred Fifty Thousand Dollars ($1,250,000) in the Facility (the "Existing Capital Investment"), which was to be amortized over the ten (10) year period ending February 28, 2012. The parties agree that the unamortized portion of the Existing Capital Investment, as of the Commencement Date of this Agreement (the "Carry-Over Capital Investment"), shall be incorporated into this Agreement and subject to its terms. 4.4 Amortization of Carry-Over Investment and Investment Expenditures. (a) Concessionaire will amortize the Carry-Over Capital Investment monthly on a straight-line basis over a five (5) year period, commencing on the Commencement Date and ending no later than the expiration of the Initial Term. (b) Concessionaire will amortize each Investment Expenditure of the Initial Capital Investment monthly on a straight-line basis, each such period to commence on the date Concessionaire incurs the expense for such Investment Expenditure and ending no later than upon expiration of the Initial Term. If the Investment Expenditure relates to Facility Goods to be installed at the Facility, Concessionaire may begin the amortization for such Investment Expenditure on the date of installation of such item, rather than the date it incurs the expense; provided, however, that no Investment Expenditure pursuant to this subsection (b) shall be amortized beyond expiration of the Initial Term. (c) Concessionaire will amortize each Investment Expenditure of the Additional Capital Investment monthly on a straight-line basis over a period equal to the lesser of: (i) ten (10) years; or (ii) the then remaining portion of the Term; provided, however, that no Investment Expenditure pursuant to this subsection (c) shall be amortized beyond expiration of the Term of this Agreement. 4.5 Title to Facility Goods. All costs associated with acquiring the tangible Facility Goods purchased with the Initial Capital Investment or the Additional Capital Investment shall be included in such Capital Investment. Title to all such tangible Facility Goods shall remain in Concessionaire, until the earlier of: (i) the respective Investment Expenditures are fully amortized (subject to the limitations for amortization as set forth in subsections (b) and (c) above), or (ii) until payment of the amount required to be paid by the City pursuant to Section 9.5(a). When the Investment Expenditures have been fully amortized (subject to the time limitations for amortization as set forth in subsections (b) and (c) above), or payment of the amount required to be paid by City pursuant to Section 9.5(a) has been made, title to all Facility Goods shall vest in the City. 4.6 Payment of Unamortized Investments Upon Termination. If, upon the expiration or termination of this Agreement, Concessionaire has not fully amortized the Carry-over Capital Investment and the Investment Expenditures, the City shall pay Concessionaire an amount equal to the unamortized portion thereof. {0946-168-00005647. DOC - 7 } 11 4.7 Notice of Ownership and Rights in and to Facility Goods. The City agrees that Concessionaire shall have the right to file such instruments and documents, including, without limitation, one or more financing statements, continuation statements or amendments thereto pursuant to the Uniform Commercial Code, or other notices appropriate under applicable law in form and substance satisfactory to Concessionaire, as Concessionaire may deem necessary or desirable to put third parties on notice of its right, title and interest in and to the Facility Goods. 5. ANNUAL RENT; COMMISSIONS; RESERVE FUNDS 5.1 As consideration for the rights granted by City to Concessionaire hereunder, during each Contract Year Concessionaire will pay to the City, or its designee, an annual amount equal to the reater of: (i) the Minimum Annual Rent set forth in Section 5.2; and (ii) the sum of Commissions calculated pursuant to Section 5.3. 5.2 Minimum Annual Rent. Subject to Section 5.1, for each Contract Year, Concessionaire shall pay the City a guaranteed minimum annual rent ("Minimum Annual Rent") of One Million Two Hundred Fifty Thousand Dollars ($1,250,000). For any partial Contract Year occurring during the Term, the Minimum Annual Rent shall be pro-rated on a monthly basis. 5.3 Commissions. Subject to Section 5.1, Concessionaire shall pay the following commissions ("Commissions"): (a) Food and Beverage Sales. Concessionaire shall pay Commissions based on Gross Receipts received by Concessionaire from Food and Beverage Sales during each Contract Year, but excluding Ballroom Gross Receipts (which are separately commissionable in accordance with Section 5.3(c)), as follows: Ste Tiers Commission Annual Gross Recei is 1] Percentage [2] From To Zero $ 4,000,000 25.5% $ 4,000,001 $ 7,000,000 27.5% $ 7,000,001 $ 8,500,000 30.0% $ 8,500,001 $10,000,000 32.5% $10,000,001 Greater 33.0% [1] The increasing percentages applicable to Gross Receipts are incremental and not retroactive to the first dollar. The dollar limits of the Step Tiers shall be increased (but not decreased) annually by the same percent change as the percent change in the Consumer Price Index for the immediately preceding Contract Year. [2] With respect to Subcontractor Sales, Gross Receipts shall include only the percentage of amounts received by Concessionaire from its third party subcontractors, and not the gross receipts generated by the Subcontractors. {0946-168-00005647. DOC - 7 } 12 (b) Barton G Receipts. Concessionaire shall pay Commissions on Barton G Receipts during each Contract Year at the rate of Twenty-Two and One-Half percent (22.5%). (c) Ballroom Services. In the event the City exercises the Ballroom Option in accordance with Section 4.2, Concessionaire shall pay Commissions on Gross Receipts received by Concessionaire from the provision of Ballroom Services during each Contract Year as follows: Step Tiers Ballroom Annual Ballroom Gross Recei is 1 Services From To Zero $ 1,000,000 25.0% $ 1,000,001 $ 2,000,000 27.5% $ 2,000,001 $ 3,000,000 30.0% $ 3,000,001 $ 4,000,000 32.5% $ 4,000,001 $ 5,000,000 35.0% $ 5,000,001 Greater 36.0% [1] The increasing percentages applicable to Ballroom Gross Receipts are incremental and not retroactive to the first dollar. The dollar limits of the Step Tiers shall be increased (but not decreased) annually by the same percent change as the percent change in the Consumer Price Index for the immediately preceding Contract Year. 5.4 Minimum Annual Rent During Renewal Terms. In the event the City exercises one or more Renewal Options, the City and Concessionaire shall, prior to the commencement of each Renewal Term, negotiate in good faith with respect to the Minimum Annual Rent payable during such Renewal Term. Notwithstanding the foregoing, this Section 5.4 shall not apply in the event the City exercises the Ballroom Option in accordance with Section 4.2. In such event, Section 5.5 shall apply. 5.5 Minimum Annual Rent Upon Exercise of Ballroom Option. (a) In the event the City exercises the Ballroom Option in accordance with Section 4.2, the Minimum Annual Rent payable during the Renewal Terms shall be as follows: Minimum Annual Rent: First Renewal Term: $1,350,000 Second Renewal Term: $1,450,000 (b) In the event the City exercises the Ballroom Option, the parties agree that the above increase in Minimum Annual Rent shall not be effective until the earlier to occur of: (i) the date of the first Event in the Ballroom; or (ii) the commencement of the first Renewal Term. {0946-168-00005647.DOC - 7 } 13 (c) In the event that pursuant to subsection (b) above, the Minimum Annual Rent becomes effective on the date of the first Event in the Ballroom, and such Event does not coincide with the beginning of the Contract Year, the Minimum Annual Rent for the then-current Contract Year shall be pro-rated so that the increase in Minimum Annual Rent provided in subsection (a) above applies only commencing with the month in which the first Event in the Ballroom is held. 5.6 Method of Payment; Reports. (a) On or before the fifteenth (15th) day of the month immediately succeeding any month during which Services are rendered by Concessionaire as provided in this Agreement, Concessionaire shall deliver to the City Manager or his designee a complete and accurate report in sufficient detail showing the Concessionaire's Gross Receipts, and Barton G Receipts, if any, from Services for such month and the Commissions payable by Concessionaire hereunder, which Commissions shall be paid contemporaneously therewith to the City Manager or his designee. (b) In the event that the aggregate of the Commissions paid pursuant to the above subsection (a) does not equal or exceed the applicable Minimum Annual Rent for the Contract Year in question, Concessionaire shall, not later than thirty (30) days following the end of such Contract Year, pay to the City an amount equal to the difference between the Minimum Annual Rent and the aggregate Commissions paid during such Contract Year. (c) All of the reports required pursuant to this Section 5.6 shall be in a form reasonably acceptable to the City Manager or his designee. Upon written request, Concessionaire shall provide the City Manager or his designee copies of the daily receipts, daily bank deposits and information concerning the Events served (including Events at which Catering Services are provided), the number of meals served at each catered Event, the total Food and Beverage Sales at each Event, any amounts uncollected from each Event, and any other information pertinent to Gross Receipts the City Manager or his designee may reasonably require. The acceptance by the City Manager or his designee of any payment made by Concessionaire hereunder shall not be deemed a waiver by the City of the right to question or dispute the accuracy or correctness of the statement with respect to which such payment was made and to demand or receive any additional amounts to which it is entitled if any inaccuracy or incorrectness of such statement is determined or discovered. (d) Concessionaire shall maintain books and records for its operations hereunder for a period of five (5) years following the expiration of each Contract Year. In the event the City Manager or his designee reasonably disputes the accuracy of any report hereunder, the City Manager or his designee shall have the right to conduct an audit of Concessionaire's books and records related to any such report, including all backup documentation by auditors selected by the City. Should any such audit uncover a deficiency in payment by Concessionaire for any period covered, Concessionaire shall {0946-168-00005647. DOC - 7 } 14 pay to the City or its designee the amount of such payment deficiency within thirty (30) days following receipt of the audit report and interest on the deficiency at the Default Rate from the applicable due date until paid. Should any such audit uncover an overpayment by Concessionaire for the period covered, the City shall pay to Concessionaire the amount of such overpayment within thirty (30) days following receipt of the audit report and interest on the overpayment at the Default Rate from the date the overpayment was made by Concessionaire until repaid by the City or its designee. 5.7 Capital Reserve Fund. Beginning October 1, 2007 and for each Contract Year thereafter, Concessionaire shall contribute an amount to a reserve fund (the "Capital Reserve Fund") equal to one and one-half percent (1.5%) of Concessionaire's total Gross Receipts from Food and Beverage Sales for the immediately concluded Contract Year. Concessionaire shall use the Capital Reserve Fund for any necessary repairs, maintenance or replacements of the Service Equipment, Facility Goods, and Smallwares. Unused amounts of the Capital Reserve Fund shall be carried forward from year to year. Any funds remaining in the Capital Reserve Fund at the end of the Initial Term (and/or a Renewal Term, as the case may be) shall be paid to the City. Concessionaire will furnish the City Manager or his designee annually (no later than April 1St of each Contract Year) with a statement of amounts expended from the Capital Reserve Fund during the preceding Contract Year. 5.8 Marketing Reserve Fund. Beginning October 1, 2007 and for each Contract Year thereafter, Concessionaire will contribute an amount to a marketing fund (the "Marketing Reserve Fund") equal to the greater of an annual contribution of twenty thousand dollars ($20,000) or 1.5% of Gross Receipts received by Concessionaire from the provision of Catering Services in the immediately concluded Contract Year. The Marketing Reserve Fund shall be used by Concessionaire to promote the food and beverage offerings (catering, concessions, etc.) at the Facility. Within thirty (30) days following the execution of this Agreement by both parties, Concessionaire will make a one-time deposit of Fifty Thousand Dollars ($50,000) in the Marketing Reserve Fund as an advance towards Concessionaire's annual contributions due under this Section 5.8. Any funds remaining in the Marketing Reserve Fund at the end of any Contract Year, shall be transferred to the City within fifteen (15) days following receipt of the City's written request therefore. 5.9 Scholarships. In each Contract Year of the Term, Concessionaire shall contribute Twenty Thousand Dollars ($20,000) towards the continuation of a scholarship fund (the "Scholarship Fund") for qualifying in-need Miami Beach residents pursuing a career in facility management and/or the hospitality and tourism industry. The Scholarship fund will be administered by the City and applicants will be reviewed and recommended by Concessionaire. In the event the aggregate of Gross Receipts received by Concessionaire from Food and Beverage Sales for the period beginning on the Commencement Date and ending September 30, 2010, are greater than Twenty Million Dollars ($20,000,000), Concessionaire shall, in addition to its annual contribution, make a one-time contribution of Fifty Thousand Dollars ($50,000), following October 1, 2010. (0946-168-00005647.DOC - 7 } 15 6. PERFORMANCE OF CONCESSIONAIRE 6.1 General Standards. The Concessionaire hereby represents, warrants, covenants and agrees that: (a) Concessionaire shall operate from the Service Areas, which shall only be used for the purpose of providing the Services, in accordance with the terms of this Agreement. (b) The Services shall be of a level of quality equal to or greater than the Quality Operating Standard. All Food and Beverage Items dispensed by Concessionaire shall be of high quality, and prepared and presented in a professional manner, all equal to or greater than the Quality Operating Standard. No imitation, adulterated or misbranded article or items shall be sold or kept for sale and all food and beverages shall be stored and handled by Concessionaire in a manner consistent with standards of sanitation, preservation and purity, all equal to or greater than the Quality Operating Standard. The City Manager or his designee reserves the right to prohibit the sale of certain Food and Beverage Items by Concessionaire if the City Manager or his designee concludes, in his/her sole and reasonable discretion, that the quality of such product(s) sold by Concessionaire does not meet or exceed the Quality Operating Standard, or if the sale of such product(s) by Concessionaire would not be in the best interest of the Facility. Title to all food and beverages shall remain vested in Concessionaire. (c) During the Term, the City will provide office space to the Concessionaire at no additional charge. The use of this office space for purposes other than provided herein shall result in the revocation of this space. Concessionaire will be responsible for the cleaning and maintenance of this area. (d) In addition to the types of food and beverage products typically found at facilities comparable to the Facility, Concessionaire shall provide such specialty and premium/gourmet items, including Branded Products and local specialties and "heart healthy" items, as shall be reasonably required by the City Manager or his designee, so long as (i) the cost, quality, sales prices and other terms of sale of such Branded Products are at least comparable to other Food and Beverage Items selected by Concessionaire for sale at the Facility; (ii) Concessionaire's operating profit from the sale of any such Branded Product is not materially less than the operating profit realized from competing Food and Beverage Items selected by Concessionaire for sale at the Facility; and (iii) Branded Products are reasonably available in quantities needed for the Services. Concessionaire acknowledges and agrees that any payments made by a supplier for the right to have its Branded Products sold at the Facility shall be retained by the City and shall not be included in Gross Receipts. In the event that a particular Branded Product does not meet the requirements of subsections (d)(i) - (iii) hereof, but the City Manager or his designee still desires to use such Branded Product, Concessionaire's obligation to sell such Branded Product at the Facility shall be subject to the parties' agreement on an adjustment to the financial arrangements described in Article 5, so that Concessionaire's sale of that particular Branded Product will not have {0946-168-00005647.DOC - 7 } 16 a materially adverse effect on Concessionaire's net profits from the performance of Services under this Agreement. In the event Concessionaire and the City are unable to agree as to whether a particular Branded Product meets the requirements of subsections (d)(i) - (iii) hereof, then the City Manager and/or his designee shall give Concessionaire written notice, and promptly thereafter the parties will submit the issue for consideration to a mutually agreed upon independent third party familiar with the food service industry at comparable facilities in the region where the Facility is located, and the parties agree to abide by the written determination of such independent third party. Any such independent third party shall not be any Person that competes with Concessionaire. Any such independent third party shall be required to sign a non- disclosure agreement and shall not be any Person that competes with Concessionaire. Concessionaire shall not be required to incur any out-of-pocket expense in connection with Branded Products, including, without limitation, the cost of selling soft drinks in custom bottles (as opposed to the cost of selling such drinks as fountain drinks) or the cost of fitting out space or purchasing equipment in connection with any Branded Products, and shall have the right to deduct any franchise or other fees and charges required to be paid to the sponsor, or increased costs associated with the Branded Product, from the Commissions payable under this Agreement. Notwithstanding the foregoing, Concessionaire shall not be obligated to sell any Branded Products, with the exception of Coca-Cola, at or in connection with a Barton G Event. (e) Except for those items, if any, expressly required by this Agreement to be provided by the City, Concessionaire shall furnish and pay for all working capital, Concession Items, Services, inventory, personnel, Service Equipment and Facility Goods as provided for herein, and all applicable licenses (including alcoholic beverage licenses), permits, and other costs or expenses, as necessary and required to perform Concessionaire's obligations under this Agreement, including, without limitation, the performance of Services, and the dispensing of Food and Beverage Items, at the level of quality equal to or greater than the Quality Operating Standard. (f) Concessionaire shall be available at the Facility, as reasonably needed, to meet and work with users of the Facility to meet their individual food and beverage service needs. Concessionaire hereby agrees that upon reasonable prior notice it will attend any such meeting with a potential user of the Facility if requested by the City Manager or his designee. (g) Concessionaire will comply with all Governmental Requirements. Concessionaire shall be responsible for any violations of Governmental Requirements as a result of Concessionaire's operations hereunder. (h) Concessionaire shall conform to all reasonable rules and regulations at any time promulgated by the City with respect to the Facility, and shall cause its affiliates, respective officers, employees, agents, independent contractors, and licensees at all times to abide by and conform to those rules and regulations which {0946-168-00005647.DOC - 7 } 17 City may at any time affix and establish for the conduct of Concessionaire's employees, provided that such rules and regulations shall not violate any applicable laws or the terms and conditions of this Agreement. (i) Concessionaire shall keep complete and accurate inventory control records before and after each Event as well as Sales reports for each Event held at the Facility. Q) Concessionaire shall perform its obligations under this Agreement and conduct the Services at all times with integrity and good faith and in a manner that is in the best interest of the Facility and consistent with the terms of this Agreement. The scope of such duty specifically includes, without limitation, the duty to use commercially reasonable efforts to maximize revenues (consistent with the expected level of attendance at the Facility for various Events) derived from the operation of the Services and to maintain the quality of Concessionaire's Services at a level equal to or greater than the Quality Operating Standard. In the event the parties anticipate low attendance at Events, the City Manager or his designee and Concessionaire shall mutually agree upon the closure of certain Service Areas, taking into account the presentation to the public of any such closed locations. (k) Concessionaire shall provide Catering Services to the City, as may be requested in writing from time to time, at a discounted price equal to fifty percent (50%) of Concessionaire's regular menu pricing cost. (I) Except as otherwise specifically provided in this Agreement, no competing vendors or sellers of merchandise normally sold by Concessionaire will be allowed to operate within the Facility at any time, except as may occasionally be requested in writing by the City Manager or his designee for purposes of special, non- recurring Events, including, but not limited to City-sponsored events. (m) City or Convention Center Manager shall provide Concessionaire with advance notice of any such third party catering requests. Reasonably satisfactory efforts shall be made by City or Convention Center Manager to notify Concessionaire of the cancellation of scheduled events, but City or Convention Center Manager assumes no liability for the failure to deliver notice of cancellation. Concessionaire must provide (i) Services at all public Events at the Facility unless City or Convention Center Manager agrees in writing to the contrary and (ii) Catering Services to all groups holding an Event at the Facility who request such Services and pay for such services in advance. Concessionaire shall, at all times, be prepared to cater sufficient meals for a sufficient number of persons at one sitting in the meeting rooms of the Facility and in the entirety of the Facility on reasonable advance notice from City or Convention Center Manager. (n) Concessionaire shall strive to achieve maximum customer satisfaction based on customer evaluations conducted by SMG and the Greater Miami Convention and Visitors Bureau (GMCVB). Comparison will be made to the prior year of customer satisfaction in areas under the management and control of Concessionaire {0946-168-00005647.DOC - 7 } 18 for supervision and monitoring of the food and beverage operations in the Facility, attention to quality controls, levels of service and performance standards. The City will review all scores in order to determine overall positive (excellent and good) score, as well as year over year improvement. 6.2 Personnel. Concessionaire shall at all times comply with the following requirements regarding its personnel and its staffing of personnel at the Facility: (a) Concessionaire shall employ, train and supervise personnel with appropriate qualifications and experience and in sufficient numbers as is necessary to provide the Services at a level equal to or greater than the Quality Operating Standard, and otherwise comply with its obligations hereunder. The Concessionaire shall instruct all personnel to enter upon and remain on the Facility's premises only during Events at the Facility and for a reasonable time prior to and subsequent to Events, and only for the purpose of exercising during Events the rights and privileges herein provided. For any Event, Concessionaire shall supply sufficient personnel to staff such Event at a level equal to or greater than the Quality Operating Standard. For any Event at which Catering Services are provided, the number of people employed by Concessionaire to staff such event must be sufficient to properly serve the Event at a level equal to or greater than the Quality Operating Standard. All persons engaged by Concessionaire in connection with the performance of this Agreement shall be the sole and exclusive employees of Concessionaire and shall not, for any purposes, be considered employees of the City, and Concessionaire shall be solely responsible for their supervision and daily direction and control, and/or setting and paying their compensation (and federal income tax withholding and any employee benefits. Concessionaire shall pay all applicable social security, unemployment, workers' compensation and other employment taxes related to such personnel. (b) Concessionaire shall employ at the Facility only trained, neatly uniformed, clean and courteous personnel. All of Concessionaire's personnel shall wear appropriate uniforms with a design which is subject to the City Manager's or his designee's prior written approval, which approval shall not be unreasonably withheld, conditioned or delayed. Such uniforms shall be provided by Concessionaire at its sole cost and expense. Concessionaire's employees shall conduct themselves at all times in a proper and respectful manner and in accordance with the City Manager or his designee's reasonable rules and regulations for the Facility. If the City Manager or his designee reasonably determines that any employee of Concessionaire has not complied with the provisions of this Section on repeated instances or in any material respect, the City Manager or his designee may, in the exercise of his/her reasonable business judgment, request Concessionaire to exclude the employee from the Facility, so long as such exclusion is not in contravention of any applicable Governmental Requirement. Upon such written request by City Manager or his designee, Concessionaire shall remove the employee from the Facility in a timely manner. (c) Concessionaire shall provide, subject to City Manager or his designee's prior written approval, a competent general manager, as well as competent management staff, including, without limitation, a designated representative or {0946-168-00005647.DOC - 7 } 19 representatives who shall be (i) experienced in the operation and management of catering and food and beverage concession operations in facilities of similar (or greater) size and nature; (ii) directly responsible for the oversight of Concessionaire's obligations under this Agreement; and (iii) available to take calls from and meet with the City Manager or his designee, on-site, at the Facility, during regular business and/or operation hours, and within a reasonable time frame during non-business hours in the event of emergency. If the City Manager or his designee, with or without cause, requests in writing a change in the general manager and/or any management personnel, Concessionaire shall have twenty (20) days to provide an appropriate replacement on a temporary basis and a permanent replacement within an additional forty (40) days thereafter. Concessionaire's general manager or his designated representative(s) shall be on-site at the Facility whenever Concessionaire is providing Services. (d) Should any vacancy occur in the position of Concessionaire's general manager, Concessionaire will notify the City in writing of the identity and qualifications of the proposed replacement not later fifteen (15) days prior to hiring such replacement. Any replacement general manager shall be subject to the prior approval of the City Manager or his designee, which approval shall not be unreasonably withheld, conditioned or delayed. (e) Concessionaire shall not discriminate against any employee or applicant for employment because of age, race, creed, sex, color, national origin, sexual orientation, and/or disability. (f) Concessionaire shall, at its expense, conduct either itself, or when required by City, in coordination with the City Manager or his designee, regularly scheduled training sessions, subject to the mutual approval of Concessionaire and City, of all personnel employed by Concessionaire at the Facility in the following areas: (1) Facility orientation, rules and procedures; (2) first aid; (3) customer service; (4) alcohol awareness; (5) job task training; (6) standards of dress; (7) cash handling; (8) workplace safety; (9) diversity/harassment sensitivity; (10) safety; and (11) health and sanitation practices. regulations and emergency The parties agree that a training session may encompass one or more of the above- referenced areas at any one time. Concessionaire will permit the City Manager or his designee, and/or City employees, and/or consultants and/or contractors providing {0946-168-00005647.DOC - 7 } 20 services to the City at the Facility, to participate in any such sessions organized by Concessionaire; provided, however, the City shall reimburse Concessionaire for its cost of having any such employee(s) or other individual(s) attend a training session. At least once per each Contract Year, Concessionaire shall participate, in coordination with the City, in orientation and training sessions geared toward educating Concessionaire and its employees, in the expectation and philosophies of the City, City departmental functions, and City customer service standards. 6.3 No Solicitation or Employment by City. During the Term and for a period ending one (I) year after the expiration or termination of this Agreement (the "Restricted Period"), except with Concessionaire's prior written consent (which consent, if given at all, shall be at Concessionaire's sole and absolute discretion), the City will not, for any reason, solicit for employment, or hire, any of the management level personnel employed by Concessionaire at the Facility, including, without limitation, the general manager. In addition to any other remedies which Concessionaire may have under this Agreement, specific performance in the form of injunctive relief shall be available for the enforcement of this Section 6.3. 6.4 Event Duties. With respect to any Event, Concessionaire and City agree as follows: (a) The City Manager or his designee shall promptly notify Concessionaire in writing of any Person interested in hosting an Event at the Facility (a "Client"). Thereafter, Concessionaire will negotiate directly with the Client to agree upon all terms, conditions and specifications of the Event and to enter into a formal written agreement memorializing such terms, conditions and specifications (a "Client Contract"). Concessionaire shall promptly notify the City Manager or his designee upon execution of a Client Contract, such notice to contain all pertinent information regarding same. (b) All Clients using the Facility shall maintain appropriate insurance coverage including, without limitation, adequate liability coverage. The parties acknowledge and agree that all Clients other than Social Catering Event Clients shall deal directly with SMG regarding the foregoing requirement. The parties further acknowledge and agree that Clients hosting Social Catering Events shall have the option to satisfy this requirement by accepting the general liability insurance purchased by SMG as part of the Social Catering Surcharge imposed by SMG with respect to such Event. In the event such Client elects not to accept the SMG insurance, Concessionaire shall require that such Client separately maintain the coverage required hereunder. In all events, copies of these certificates shall be furnished to the City Manager or his/her designee prior to any Event and shall be kept in force at all times by the Client. All liability policies shall name the City and Concessionaire as additional insureds. Concessionaire shall also require Clients to execute a written indemnification, indemnifying, defending and holding harmless the City and Concessionaire (the form of such indemnity provisions to be subject to the City Attorney's approval, not to be {0946-168-00005647.DOC - 7 } 21 unreasonably withheld). For Barton G Event(s) at the Facility, Client Contracts entered into by Barton G shall also require compliance with this Section 6.4(b). (c) All Service Areas (including sufficient concession stands) appropriate for operation in connection with any particular Event (based on expected attendance levels) shall be open for business at the time the Facility is open for such Event. Concessionaire shall adequately cover each and every section of the Facility in use for each Event. (d) During an Event, Concessionaire shall be responsible for bussing and wiping down the tables and removing any spills, debris in the Service Areas caused by or resulting from the provision of the Services. Immediately following the completion of an Event, Concessionaire shall be responsible for cleaning the Service Areas, the Service Equipment, Smallwares and Facility Goods to the reasonable satisfaction of the City Manager or his designee, and to maintain the foregoing in a clean and sanitary condition and in accordance with all Governmental Requirements and the Quality Operating Standard. Concessionaire shall collect and remove all Food and Beverage Item containers, wrappers, and other waste from the Service Areas. Immediately after any Event, all garbage generated in the Service Areas from such Event shall be removed by Concessionaire, placed in airtight containers reasonably acceptable to the City Manager or his designee and placed in the area designated for trash storage by the City in the Facility. Following its use of the Facility's trash storage area, Concessionaire shall return same to a neat and clean condition, reasonable wear and tear excepted. (e) Concessionaire shall not use Hazardous Substances at the Facility except in accordance with all applicable Governmental Requirements, and agrees to indemnify, defend and hold City or its designee and each of their respective partners, officers, directors, employees, agents, and representatives (collectively, the "Other Beneficiaries") harmless from all losses, costs, damages, liabilities and expenses (including attorney's fees) ("Losses") arising out of Concessionaire's use, generation or storage of Hazardous Substances at the Facility. (f) Concessionaire shall utilize the Facility's loading dock and dock well in a manner consistent with industry practices, and shall use commercially reasonable efforts to clean and sanitize such areas following use in order to control rodent infestation. (g) Concessionaire shall be responsible for arranging pest control services for the Service Areas to ensure conformity with all applicable Governmental Requirements. Concessionaire shall provide the City with a receipted copy of the service agreement with the pest control firm that is so retained. (h) Except as otherwise provided by the City hereunder, Concessionaire will, at its sole cost and expense, provide all Smallwares as are necessary and required to provide the Services at the Facility as contemplated by this Agreement. {0946-168-00005647.DOC - 7 } 22 6.5 Food and Beverage Items. (a) City Manager or his designee shall have the right, upon reasonable prior written notice to Concessionaire, to designate Food and Beverage Items to be sold at the Facility, including without limitation, the right to grant exclusive pouring rights for non-alcoholic beverage items and, to the extent permitted by law, alcoholic beverage items, product delivery and other licensing rights at the Facility, provided that any such designated items are comparable to the products that would otherwise be sold by Concessionaire hereunder with respect to quality, cost and other terms. (b) The prices for all Food and Beverage Items sold at the Facility shall be commensurate with prevailing prices at comparable facilities in the United States of America where operators are charged commissions similar to those that Concessionaire is charged pursuant to this Agreement. In determining the prices to be charged and in resolving any disputes which may arise between the parties with respect to pricing, the parties shall look to prevailing prices charged at such facilities. (c) Concessionaire shall present the City Manager or his designee with the menus and the prices to be charged for all Food and Beverage Items to be sold by Concessionaire at the Facility at least thirty (30) days prior to the adoption of such menus and prices. Concessionaire shall have the right to make interim menu and price changes (including, without limitation, menu deletions), upon written request to the City Manager or his designee, and then subject to the City Manager or his designee's prior written approval. The City shall not unreasonably withhold, condition or delay its approval of the menus, prices and changes to menus and prices submitted by Concessionaire. In the event that the City fails to deliver to Concessionaire its written approval or denial of the menus, prices or changes to menus and prices within fourteen (14) days after written submission to the City by Concessionaire, the City shall be deemed to have approved them. Nothing in this Agreement shall be deemed to give the City the right to require Concessionaire to provide the Services in a manner which is inconsistent with customary and reasonable practices in the food service industry or to provide Food and Beverage Items below reasonable and customary prices. (d) Subject to the City Manager or his designee's prior written approval, which shall not be unreasonably withheld, conditioned or delayed, Concessionaire shall be entitled to use and promote any Concessionaire Branded Products & Services. 6.6 Subcontractors. Subject to City's or its designee's prior written approval, which approval shall be at City's sole and absolute discretion, Concessionaire shall have the right to subcontract portions of the Services hereunder to a third party (including both private and charitable and/or not-for-profit organizations). 6.7 Assistance with Business Plan. Concessionaire shall cooperate with the City Manager or his designee's, reasonable requests in connection with the City's preparation of an annual business plan for the Facility. No later than forty-five (45) days following written request by the City Manager or his designee, Concessionaire will provide City with such items, which may include, without limitation: {0946-168-00005647.DOC - 7 } 23 (a) A statement of projected Gross Receipts for its Services based on Events then scheduled on Concessionaire's event calendar; and (b) An emergency and terrorist prevention plan as it relates to potential food and beverage contamination. 6.8 Sales Tax Payments. In the event that Concessionaire receives any written notice of any assessment for it to make a Sales Tax Payment in respect of the fees paid by Concessionaire hereunder, immediate notice thereof shall promptly be provided by Concessionaire to the City Manager or his designee. Notwithstanding the preceding sentence, Concessionaire shall pay any such Sales Tax Payment upon demand by the City and, in any event, not later than the date on which any fine, penalty, interest or cost may be added thereto or imposed by law for the non-payment thereof. Concessionaire shall reasonably cooperate with the City, in the event the City Manager or his designee, in his/her sole discretion and judgment (but not obligation) determines to oppose or contest (collectively, a "Contest") any such levy or assessment. If undertaken, the cost and expense of any Contest shall be borne solely by the City. 6.9 Equipment Repairs and Maintenance. The Concessionaire will be required to repair and maintain, at its sole cost and expense, all Service Equipment and Facility Goods. Concessionaire will furnish, at its sole cost and expense, all expendable equipment necessary for the provision of the Services. 6.10 Right of Entry. Representatives, contractors and employees of the City shall have the right, upon reasonable advance notice to Concessionaire (except in the event of an emergency) to enter all portions of the Facility during normal business hours to inspect same, to observe the performance of Concessionaire under this Agreement, to install, remove, adjust, repair, replace or otherwise handle any equipment, utility lines, or other matters in, on, or about the premises, or to do any act or thing which the City may be obligated or have the right to do under this Agreement or otherwise, as the owner of the Facility. Nothing contained in this Section is intended or shall be construed to limit any other rights of the City under this Agreement. The City shall not unreasonably interfere with the activities of Concessionaire hereunder, and the City's actions shall be conducted such that disruption of Concessionaire's work shall be kept to a minimum. Nothing in this Section shall impose or be construed to impose upon the City any independent obligation to construct or maintain or make repairs, replacements, alterations, additions or improvements, or perform any maintenance, or create any independent liability for failure to do so. 6.11 Hurricane and Emergency Preparations (a) In the event of a hurricane or other natural disaster or emergency, the Concessionaire shall be required to be able to provide food, drink and drinking water for up to 1,400 persons (three meals a day) for a three (3) day period, without electricity and water available from normal utility services (the "Emergency Preparations"). Part or all of each meal shall be heated, with hot beverages to be available with each meal. {0946-168-00005647. DOC - 7 } 24 One half of the meals (700) shall be high energy producing and fifty percent (50%) larger then the standard meals. The remaining half of the meals shall be standard and provide normal daily caloric intake, which for purposes of this agreement is agreed to be two thousand (2,000) calories per day. (b) Concessionaire is to provide food, beverages, utensils, equipment and supervisory personnel for the Emergency Preparations. (c) Concessionaire will be required to provide to the City, for the City Manager or his designee's review and approval, a menu using the Concessionaire's normal inventory plus items normally used by the Concessionaire so that the Concessionaire can assure delivery of the Emergency Preparations to the Convention Center within twenty-four (24) hours after order. All documented costs of supplies, food, labor, and materials used in connection with the Emergency Preparations, will be repaid to the Concessionaire by the City. The Concessionaire will be responsible for bearing all costs of possible extra inventory levels, preparation and planning. 6.12 Barton G Events. The parties acknowledge and agree that Barton G may render Services at select Events at the Facility pursuant to the Barton G Agreement, and that for each Barton G Event, Barton G will be responsible for negotiating and entering into the Client Contract and performing all the duties set forth in this Article 6 with respect to such Barton G Event including, without limitation, compliance with Section 6.4(b). The City agrees that, except as set forth on Exhibit "C" attached hereto, neither the City nor SMG shall charge Barton G for use of the Facility or any Facility Services in connection with a Barton G Event. For the avoidance of doubt, the parties acknowledge and agree that if a Barton G Event is held in connection with a trade show, convention, corporate meeting or other such Event, the party booking the Event will be required to book all rooms (including any space used for the Barton G Event) through the City or SMG and the usual space rental fee will apply. In such case, the City shall not require the payment of the Social Catering Surcharge specified on Exhibit "B." 7. INDEMNIFICATION AND INSURANCE 7.1 Indemnification. (a) Concessionaire shall indemnify, hold harmless and defend (with counsel approved by the City Attorney) the City, its officers, agents, servants and employees from and against any and all third party claims, liabilities, demands, causes of action, and all related costs and expenses (including reasonable attorneys' fees at trial and all levels of appeal) of whatsoever kind or nature ("Claims") arising out of (i) any error, omission or negligent act or willful misconduct of Concessionaire, and/or its affiliates, agents, servants, contractors, or employees; or (ii) any other Claims arising, directly or indirectly, from the provision of Services by Concessionaire hereunder, except to the extent such Claims arise out of or result from the negligent act(s) or willful misconduct of the City, its officers, agents (excluding Concessionaire), contractors {0946-168-00005647.DOC - 7 } 25 (excluding Concessionaire) and employees, or the use of the Facility by the City, its officers, agents (excluding Concessionaire), and employees. (b) The provisions of this Section 8.1 shall survive expiration or termination of this Agreement. 7.2 Insurance to be Maintained by Concessionaire. Concessionaire shall secure and keep in force at all times during the Term, the following insurance coverage: (a) Commercial General Liability including public liability and property damage, covering its operations hereunder, in the amount of One Million Dollars ($1,000,000.00) for bodily injury and One Million Dollars ($1,000,000.00) for property damage; (b) Excess Liability insurance in umbrella form with limits of not less than Five Million Dollars ($5,000,000) combined single limit bodily injury and property damage liability, per occurrence; (c) Comprehensive Automotive Bodily Injury and Property Damage Insurance for business use covering all vehicles operated by Concessionaire, its agents and employees in connection with its performance hereunder, whether owned by Concessionaire, the City, or otherwise, with a combined single limit of not less than One Million Dollars ($1,000,000.00) per occurrence (including an extension of hired and non- owned coverage). (d) Professional liability insurance with coverage of at least One Million Dollars ($1,000,000) for claims of negligent errors, acts or omissions by Concessionaire; (e) Employment practices liability insurance with coverage of at least One Million Dollars ($1,000,000) for claims relating to the employment practices of Concessionaire at the Facility pertaining to its employees; (f) Dram Shop (Liquor) Liability Insurance (liability for the service of intoxicating beverages), with a coverage limit of One Million Dollars ($1,000,000) per occurrence; (g) Personal advertising liability insurance in the amount of One Million Dollars ($1,000,000); and (h) Workers Compensation Insurance (including occupational disease hazards) with an authorized insurance company or through the Florida State Compensation Insurance Fund or through an authorized self-insurance plan approved by the State of Florida, insuring its employees at the Facility in amounts equal to or greater than required under law. {0946-168-00005647.DOC - 7 } 26 7.3 Certificates evidencing the existence of policies referenced in Section 7.2, shall be delivered to the City Manager or his designee prior to the Commencement Date. The parties hereto acknowledge that the above policies may contain exclusions from coverage which are reasonable and customary for policies of such type. Each such certificate shall: (a) contain a valid provision or endorsement stating, "This policy will not be canceled or materially changed or altered without first giving thirty (30) days' written notice thereof to the City of Miami Beach, Florida, 1700 Convention Center Drive, Miami Beach, FL 33139"; and (b) name the City of Miami Beach, Florida, as an additional insured with respect to the policies referenced in Sections 7.2 (a), (b), (c), (d), (e), (f), and (g). 7.4 Performance Bond or Alternate Security. Concessionaire shall, on or before the Commencement Date of this Agreement, furnish to the City Manager or his designee a Performance Bond, in the penal sum as stated below, for the payment of which Concessionaire shall bind itself for the faithful performance of the terms and conditions of this Agreement. A Performance Bond in the amount of Three Hundred Thousand Dollars ($300,000.00) shall be required and be in faithful observance of this Agreement. A cash deposit, irrevocable letter of credit, or certificate of deposit may also suffice, as determined by the City Manager or his designee, in his/her reasonable business judgment and discretion. The form of the Performance Bond or letter of credit shall be as required by the City Manager or his designee. In the event that a Certificate of Deposit is approved, it shall be a Three Hundred Thousand Dollar ($300,000.00) one- year Certificate of Deposit in favor of the City, which shall be automatically renewed, the original of which shall be held by the City. Concessionaire shall be so required to maintain said Performance Bond or alternate security, as accepted by the City Manager or his designee, in full force and effect throughout the Term of this Agreement. Concessionaire shall have an affirmative duty to notify the City, in writing, in the event said Performance Bond or alternate security lapses or otherwise expires. All interest that accrues in connection with any financial instrument or sum of money referenced above shall be the property of Concessionaire, except in an event of default, in which case the City shall be entitled to all interest that accrues after the date of default. 8. ASSIGNMENT. 8.1 (a) Except as otherwise provided in this Section 8.1, Concessionaire may not voluntarily or by operation of law assign, encumber, pledge or otherwise transfer (collectively, "Transfer") all or any part of Concessionaire's interest in this Agreement (except that Concessionaire may Transfer its financial interests under this Agreement and otherwise Transfer its interests, provided that no other Person other than an Affiliate or Permitted Transferee (as defined below) may perform the Services as a result of any such Transfer) without the City's prior written consent, which may be granted or withheld in the City's sole and absolute discretion. Concessionaire specifically recognizes that the City selected Concessionaire to provide the Services at the Facility as a result of the City's evaluation of Concessionaire's specific qualifications and experience in performing Services at similar first-class facilities. {0946-168-00005647.DOC - 7 } 27 (b) Notwithstanding anything to the contrary contained herein, Concessionaire shall have the right to Transfer this Agreement without the necessity of the City's consent to an Affiliate that has a Net Worth (defined as total assets less total liabilities) of not less than Twenty-Five Million Dollars ($25,000,000), provided that Concessionaire and Affiliate execute and deliver to the City an agreement by which the Affiliate assumes all of Concessionaire's obligations under this Agreement arising subsequent to the Transfer, and Concessionaire acknowledges that it remains jointly and severally liable for all such obligations. (c) Concessionaire shall also have the right to Transfer this Agreement to any of the following (each a "Permitted Transferee"): (i) A successor entity arising from the purchase of, or merger or consolidation with Concessionaire; (ii) An entity that purchases all or substantially all of the assets of Concessionaire, provided in either case all of the following conditions are met: (1) The Permitted Transferee has a Net Worth in excess of Twenty-Five Million Dollars ($25,000,000); (2) Simultaneous with the Transfer, the Permitted Transferee is acquiring the right to be the food and beverage service provider at not less than five (5) other facilities then served by Concessionaire; (3) The Permitted Transferee has not less than five (5) years experience in providing Services at similar first-class facilities; (4) Concessionaire and the Permitted Transferee shall execute an instrument by which the Permitted Transferee assumes all obligations thereafter arising; (5) In the City Manager's reasonable determination, the Permitted Transferee has a good reputation for operating venues similar to the Facility and is an appropriate provider of Services for the Facility. The City Manager shall advise Concessionaire in writing whether or not this condition (5) has been met within thirty (30) days after having received such information as the City Manager shall reasonably request to make the determination. If the City Manager does not advise Concessionaire that the Permitted Transferee is unacceptable within such thirty (30) day period, time being of the essence, this condition (5) shall be deemed satisfied. {0946-168-00005647.DOC - 7 } 28 In the event the City Manager advises Concessionaire in writing that this condition (5) has not been met and, if conditions (1), (2) and (3) have been met, then Concessionaire shall have the right to terminate this Agreement upon written notice (the "Termination Notice") to the City Manager delivered within thirty (30) days following Concessionaire's receipt of the City Manager's notice. If Concessionaire timely delivers its Termination Notice, Concessionaire shall nevertheless continue to operate under this Agreement and shall pay all amounts and perform all obligations hereunder until the earlier to occur of: (i) six (6) months following the date of Concessionaire's Termination Notice; and (ii) the City delivers written notice to Concessionaire to cease operations. 8.2 The provisions of Section 8.1 above shall not prevent Concessionaire, in the performance of its duties hereunder, to negotiate and enter into Client Contracts for Events at the Facility. 9. EVENTS OF DEFAULT AND REMEDIES. 9.1 Concessionaire's Defaults. The occurrence of any one or more of the following events shall constitute an Event of Default by Concessionaire. (a) The failure by Concessionaire to make any payment required to be made by Concessionaire as and when due, which continues for more than ten (10) days after written notice from City; (b) The failure or inability by Concessionaire to observe or perform any of the covenants or provisions of this Agreement to be observed or performed by Concessionaire, which continues for more than thirty (30) days after written notice from the City; provided, however, if the nature of the failure is such that more than such period is reasonably required for its cure, then Concessionaire shall not be deemed to have committed an Event of Default if Concessionaire commences the cure within such period and thereafter diligently pursues the cure to completion and actually completes the cure within an additional sixty (60) day period; (c) Except as permitted pursuant to Section 8.2 of this Agreement, the assignment, encumbrance, pledge, or transfer of this Agreement, whether voluntarily or by operation of law, or any subcontract of Concessionaire's duties hereunder or any attempt to do any of the foregoing; (d) Concessionaire's failure to provide and maintain the performance bond and/or alternate security required by Section 7.4 hereof, if such failure continues for more than thirty (30) days after written request from the City; (e) The making by Concessionaire of any general assignment for the benefit of creditors; (ii) the filing by or against Concessionaire of a petition to have Concessionaire adjudged a Chapter 7 debtor under the Bankruptcy Code or to have {0946-168-00005647.DOC - 7 } 29 debts discharged or a petition for reorganization or arrangement under any law relating to bankruptcy (unless, in the case of a petition filed against Concessionaire, the same is dismissed within sixty (60) days); (iii) the appointment of a trustee or receiver to take possession of substantially all of Concessionaire's assets located at the Facility or of Concessionaire's interest in this Agreement, if possession is not restored to Concessionaire within sixty (60) days; or (iv) the attachment, execution or other judicial seizure of substantially all of Concessionaire's assets located at the Facility or of Concessionaire's interest in this Agreement, where the seizure is not discharged within sixty (60) days. 9.2 City's Remedies. (a) If an Event of Default by Concessionaire occurs, then in addition to any other remedies available to the City, the City may exercise the following remedies: (i) The City may terminate this Agreement by written notice to Concessionaire, in which case this Agreement shall terminate and Concessionaire shall immediately remove its property from the Facility, shall, subject to Section 9.5, deliver to the City the Service Areas and all property thereon belonging to the City including the Facility Goods, and shall otherwise surrender possession of the Facility to City. Upon termination, the City shall be entitled to recover from Concessionaire any and all amounts that Concessionaire is required to pay under this Agreement through the date of termination; and (ii) The City may seek specific performance of any of Concessionaire's obligations hereunder or seek injunctive relief; and (iii) The City may exercise any other remedies available at law or in equity. (b) The various rights and remedies reserved to City in this Agreement or otherwise shall be cumulative and, except as otherwise provided by Florida law, the City may pursue any or all of its rights and remedies at the same time. 9.3 City's Default. The occurrence of any one or more of the following events shall constitute an Event of Default by the City. (a) The failure by City to make any payment required to be made by City (if any) as and when due, which continues for more than ten (10) days after written notice of default from Concessionaire; (b) The failure or inability by City to observe or perform any of the covenants or provisions of this Agreement to be observed or performed by City, which {0946-168-00005647. DOC - 7 } 30 continues for more than thirty (30) days after written notice from Concessionaire; provided, however, if the nature of the failure is such that more than such period is reasonably required for its cure, then City shall not be deemed to have committed an Event of Default if City commences the cure within such period and thereafter diligently pursues the cure to completion and actually completes the cure within an additional sixty (60) days. (c) Cessation of Operations. Except to the extent resulting from force majeure or damage or destruction, as contemplated in Sections 10.6 and 10.7, respectively, in the event that the City fails for any reason, at any time during the Term, to hold an Event at the Facility for a period in excess of ninety (90) consecutive days, Concessionaire shall have the right to terminate this Agreement upon written notice to the City. (d) Impairment of Facility Goods. In the event the City transfers any of the Facility Goods which have not been fully amortized in accordance with the terms of this Agreement, except as otherwise expressly provided herein or consented to by Concessionaire in writing, Concessionaire shall have the right to terminate this Agreement upon written notice to the City. 9.4 Concessionaire's Remedies. If an Event of Default by City occurs, then Concessionaire may exercise either of the following remedies: (a) Concessionaire may terminate this Agreement by written notice to City, in which case this Agreement shall terminate and Concessionaire shall immediately remove its property from the Facility, shall deliver to the City the Service Areas and all property thereon belonging to the City, including the Facility Goods, and shall otherwise surrender possession of the Facility to City and, thereupon, Concessionaire may exercise any other remedies available at law or in equity; or (b) Concessionaire shall have the right to enforce its rights under Section 4.6 of this Agreement and to pursue any other remedies available at law or in equity with respect to said rights The various rights and remedies reserved to Concessionaire in this Agreement shall be cumulative and, except as otherwise provided by Florida law, Concessionaire may pursue any of its rights and remedies at the same time. 9.5 Rights and Duties Upon a Termination. The following provisions shall apply in the event of a termination of this Agreement for any reason whatsoever, including the expiration of the Term: (a) Amortization. In the event that Concessionaire has not fully amortized the Carry-over Capital Investment or the Investment Expenditures pursuant to Section 4, Concessionaire shall submit to the City a statement of the total amount outstanding and the City shall pay such amount to Concessionaire within ten (10) days {0946-168-00005647.DOC - 7 } 31 after receipt of such statement; provided, however, that any amortization provided in Section 4 shall be subject to the time limitations in Section 4.2 thereof unless expressly requested by Concessionaire, and approved by the City Manager or his designee (as provided in subsection 4.6). (b) Final Accounting. Concessionaire shall deliver to the City, within thirty (30) days after the date of termination, a final accounting setting forth all Commissions due to the City, and shall remit to the City all amounts owed to the City after setting off any amounts owed by the City to Concessionaire. (c) Delivery/Surrender of Premises. Concessionaire shall immediately remove its property from the Facility and shall deliver to the City the Service Areas and all property thereon belonging to the City, including the Facility Goods. 10. MISCELLANEOUS. 10.1 Use of Facility at Direction of City. The City shall have the right to use the Facility or any part thereof, upon reasonable advance notice and subject to availability, for such purposes as meetings, seminars, training classes or other uses without the payment of any rental or use fee (or at a reduced fee), except that direct out-of-pocket expenses incurred in connection with such uses shall be paid promptly by the City. Notwithstanding the foregoing, the City shall not so schedule use of the Facility if such use will conflict with Events of Concessionaire and shall in all instances be subordinate thereto in terms of priority of use of the Facility. 10.2 Governing Law; Venue; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida, without regard to principles of conflict of laws. The exclusive venue for any litigation arising out of this Agreement shall be Miami-Dade County, Florida, if in state court, and the U.S. District Court, Southern District of Florida, if in federal court. BY ENTERING INTO THIS AGREEMENT, CITY AND CONCESSIONAIRE EXPRESSLY WAIVE ANY RIGHTS EITHER PARTY MAY HAVE TO A TRIAL BY JURY OF ANY CIVIL LITIGATION RELATED TO, OR ARISING OUT OF, THIS AGREEMENT. 10.3 No Partnership or Joint Venture. Nothing herein contained is intended or shall be construed in any way to create or establish the relationship of partners or a joint venture between the City and Concessionaire. None of the officers, agents or employees of Concessionaire shall be or be deemed to be employees of the City for any purpose whatsoever. 10.4 Entire Agreement. This Agreement and all exhibits attached hereto contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings with respect thereto. This Agreement is specifically intended to supersede RFP No. 33-02/03, and Concessionaire's proposal in response thereto. No other agreements, representations, warranties or other matters, whether oral or written, will be deemed to bind the parties hereto with respect to the subject matter hereof. {0946-168-00005647.DOC - 7 } 32 10.5 Written Amendments. This Agreement may not be altered, modified or amended in whole or in part, except in a writing executed by each of the parties hereto. 10.6 Force Majeure. No party will be liable or responsible to the other party for any delay, damage, loss, failure, or inability to perform caused by "Force Majeure" if notice is provided to the other party within ten (10) days of date on which such party gains actual knowledge of the event of "Force Majeure" that such party is unable to perform. The term "Force Majeure" as used in this Agreement means the following: an act of God, strike, war, public rioting, lightning, fire, storm, flood, explosions, epidemics, landslides, lightening storms, earthquakes, floods, storms, washouts, civil disturbances, explosions, and any other cause whether of the kinds specifically enumerated above or otherwise which is not reasonably within the control of the party whose performance is to be excused and which by the exercise of due diligence could not be reasonably prevented or overcome (it being acknowledged that under no circumstances shall a failure to pay amounts due and payable hereunder be excusable due to a Force Majeure). 10.7 Damage or Destruction. In the event of substantial damage to or destruction of the Facility by reason of fire, storm or other casualty or any eminent domain action or other regulatory action that, in either case, shall render a substantial part of the Facility inoperable for a period of at least one year, or in Concessionaire's reasonable business judgment, the Facility can no longer be operated in a reasonably profitable manner as a result of the damages or action for a period of at least one year from the happening of the fire, other casualty or regulatory action, either party may terminate this Agreement upon written notice to the other. Upon any such termination, the provisions of Section 9.5 shall apply. The City shall receive the entire amount of all insurance proceeds or eminent domain award as applicable. Notwithstanding the preceding, the City shall have no duty and/or obligation to repair and/or restore the Facility. 10.8 Binding Upon Successors and Assigns; No Third-Party Beneficiaries. This Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective successors and permitted assigns. This Agreement shall not be construed as giving any person, other than the parties hereto and their successors and permitted assigns, any legal or equitable right, remedy or claim under or in respect of this Agreement or any of the provisions herein contained. This Agreement and all provisions and conditions hereof is intended to be for the sole and exclusive benefit of the parties and their successors and permitted assigns and for the benefit of no other person or entity. 10.9 Notices. Any and all notices, consents, approvals, requests and other communications (collectively, "Notices") required to be given or served by the terms and provisions of this Agreement, shall be in writing and signed by the party giving the notice, or by a duly authorized officer or representative of a corporate party, and shall be given (a) by certified or registered mail and shall be deemed delivered on the second business day after the date so mailed; (b) by reputable overnight/express carrier, such as Federal Express, and shall be deemed delivered on the next business day after the {0946-168-00005647.DOC - 7 } 33 date deposited with the carrier; or (c) by hand, and shall be deemed delivered upon receipt thereof. Notice on behalf of either party shall be addressed to that party at the address set forth below, or to such other address as that party hereafter shall furnish by such form of notice to the other party: To the City: City of Miami Beach City Manager 1700 Convention Center Drive Miami Beach, FL 33139 Attn: Jorge Gonzalez, City Manager Facsimile: with copies to: City of Miami Beach Tourism and Cultural Department Attn: Max Sklar, Director 1700 Convention Center Drive Miami Beach, FL 33139 Facsimile: (786) 394-4560 City of Miami Beach City Attorney 1700 Convention Center Drive Miami Beach, FL 33139 Facsimile: (305) 673-7002 To Concessionaire: Service America Corporation d/b/a Centerplate 201 East Broad Street Spartanburg, SC 29306 Attention: General Counsel Facsimile: (864) 598-8694 AND Service America Corporation d/b/a Centerplate 1901 Convention Center Drive Miami Brach, FL 33139 Attention: General Manager Facsimile: (305) 538-4802 {0946-168-00005647.DOC - 7 } 34 10.10 Section Headings and Defined Terms. The section headings contained herein are for reference purposes only and shall not in any way affect the meaning and interpretation of this Agreement. The terms defined herein and in any agreement executed in connection herewith include the plural as well as the singular and the singular as well as the plural, and the use of masculine pronouns shall include the feminine and neuter. Except as otherwise indicated, all agreements defined herein refer to the same as from time to time amended or supplemented or the terms thereof waived or modified in accordance herewith and therewith. 10.11 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original copy of this Agreement, and all of which, when taken together, shall be deemed to constitute but one and the same agreement. 10.12 Severability. The invalidity or unenforceability of any particular provision, or part of any provision, of this Agreement shall not affect the other provisions or parts hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provisions or parts were omitted, provided that neither party is, as a result thereof, deprived of its substantial benefits hereunder. 10.13 Non-Waiver. A failure by either party to take any action with respect to any default or violation by the other of any of the terms, covenants, or conditions of this Agreement shall not in any respect limit, prejudice, diminish, or constitute a waiver of any rights of such party to act with respect to any prior, contemporaneous, or subsequent violation or default or with respect to any continuation or repetition of the original violation or default. 10.14 Certain Representations and Warranties. (a) The City represents, warrants, and covenants to Concessionaire the following: (i) all required approvals have been obtained, and the City has full legal right, power and authority to enter into and perform its obligations hereunder; and (ii) this Agreement has been duly executed and delivered by the City and constitutes a valid and binding obligation of the City, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles. (b) Concessionaire represents and warrants to the City the following: (i) all required approvals have been obtained, and Concessionaire has full legal right, power and authority to enter into and perform its obligations hereunder, and (ii) this Agreement has been duly executed and delivered by Concessionaire and constitutes a valid and binding obligation of Concessionaire, enforceable in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally or by general equitable principles; and (iii) Concessionaire has inspected the Facility and has accepted the Facility "as-is", "where-is", and with "all faults." {0946-168-00005647. DOC - 7 } 35 (c) The Facility includes only a very limited number of parking spaces adjacent to the building. Patrons of Events may park in public parking lots and garages if and to the extent available, upon paying the applicable parking charges. Concessionaire recognizes that the availability and access to public parking will be affected from time to time by construction activities, including, without limitation, construction in connection with City Hall and parking garage(s), on public surface parking lots, construction in connection with the Jackie Gleason Theater of the Performing Arts, and construction in conjunction with the New World Symphony Project. 10.15 Confidentiality. Subject to compliance with applicable Florida Public Records law, the City agrees to use reasonable efforts to keep confidential all proprietary, non-public information and records of Concessionaire ("Concessionaire Confidential Information"). Unless required to do so under applicable Florida Public Records law, and/or court order, the City shall not use or disclose any Concessionaire Confidential Information to any person or entity without Concessionaire's prior written consent in each instance, except that the City may share such information with its employees and agents who need to know such information in order to perform the obligations and enforce the rights of the City hereunder. Notwithstanding the foregoing, in the event the City is required to disclose any Concessionaire Confidential Information pursuant to the Freedom of Information Act, the Florida Government-in-the-Sunshine Law, or any similar law, the City agrees that, to the extent permitted under such laws, it will use reasonable efforts to redact the financial terms or other confidential proprietary information contained in this Agreement and/or Concessionaire's response to the RFP to the extent the City, in its sole judgment and discretion, deems that such terms or information are expressly exempt from disclosure pursuant to the City's review and interpretation of such laws. 10.16 Information Technology. In the event that, in connection with performance of its services, Concessionaire will share the City computer network to transmit credit card transaction information from patrons and customers, the City agrees to comply with all standard requirements of financial institutions (for example, using firewall protection and encryption) to ensure the security of customers' personal and financial data. In addition, if the City will provide a-mail access to Concessionaire's employees at the Facility, Concessionaire will have the right to review and retrieve stored a-mail records of Concessionaire's employees upon reasonable advance request, at a mutually agreeable time during regular business hours, in order to properly supervise and manage its employees. Any expense incurred by the City in connection with such review or retrieval shall be reimbursed by Concessionaire. 10.17 Relationship with Barton G. The parties herein acknowledge that Concessionaire's selection of Barton G was a consideration in the City's decision to enter into this Agreement with Concessionaire. Concessionaire shall promptly notify the City Manager or his designee in the event that Concessionaire and Barton G end their contractual association at any time during the Term of this Agreement. Concessionaire acknowledges and agrees that any replacement for Barton G shall be subject to the prior written approval by the City Manager or his designee. {0946-168-00005647.DOC - 7 } 36 IN WITNESS WHEREOF, this Agreement has been duly executed by the parties hereto as of the day and year first above written. ATTEST: CITY OF MIAMI BEACH, FLORIDA /~ ~ ~~~~ ~'`~~ By: CITY CLERK nJarpe; MATTI BOWER Tltle: F~IAYOR ATTEST: SERVICE AMERICA CORPORATION d/b/a CENTERPLATE B: Name: . Steinmayer Title: P sident and CEO APPROVED AS TO FORM & LANGUAGE & FOFj~ECUTION ~Z ~? C~ at {0946-168-00005647. DOC - 7 } 37 } ~ ~ EXHIBIT "A" Branded Products NONE {0946-168-0000564~.DOC - 7 } EXHIBIT "B" Social Catering Surcharge For all Social Catering Events, Concessionaire or Barton G, as the case may be, will pay the City, or its designee, the Social Catering Surcharge, which will cover the following costs: • One move-in day prior to the day of the Social Catering Event; • One event day; • Move-out and cleanup on the day following the Social Catering Event, as the Facility schedule permits; • Air-conditioning during the Social Catering Event, with appropriate cool-down time as determined by SMG; • One trash compactor or open-top dumpster pull; • Setup and tear-down labor for the Base Room Set Up (set forth on Exhibit B-1); • Pre- Social Catering Event cleaning; • Social Catering Event cleaning; • Post-Social Catering Event cleaning (in accordance with facility being left in "broom-swept" condition); • One Miami Beach Police Officer for up to six (6) hours during the Social Catering Event; • One Fire Watch for up to six hours during the Social Catering Event; • Loading Dock gate security as required for the run of the Social Catering Event; and • Liability Insurance covering the Social Catering Event. The Social Catering Surcharge may be adjusted (not more frequently than annually) upon reasonable advance notice to Concessionaire and Barton G. Any such increase shall be reasonable and shall be based on any increase in the City's costs for the items and services provided. {0946-168-00005647.DOC - 7 } EXHIBIT B-1 Base Room Setup Each room setup shall include: • Attendee tables and chairs setup in an amount no more than 5% over the client guarantee • All buffet and service tables as required by the caterer • Up to 24 skirted and draped 8' x 30" tables for registration and auction requirements • Raised head table for up to 12 persons with associated steps, lifts, and railings as required, and one standing lectern • Performance staging up to 40' x 24' • Sound/light mix platforms as required • Dance floor up to 36' x 36' All items subject to available MBCC inventory. {0946-168-0000564~.DOC - 7 } ~~ ~ f EXHIBIT "C" Permitted charges to Barton G in connection with Barton G Events 1. Social Catering Surcharge (set forth on Exhibit "B") (for Social Catering Events only) 2. Additional Charges. The following additional items will be charged at SMG's then-prevailing rates in accordance with the Miami Beach Convention Center Event Guide (all rates listed below are current as of 7/11/07): • Additional move-in/move-out days: - exhibit halls: $3,250/day - meeting rooms 5,000 sq. ft. or larger: $1,000/day • Air conditioning during additional move-in/move-out: $200/hr • Equipment Rentals* - Forklift: $75/day - 35' Boom Lift: $150/day - 45' Boom Lift: $150/day - 66' Boom Lift: $250./day - One man lift/Scissor Lift: $75/day - Such additional equipment that may be made available by SMG for use by Barton G from time to time. * Based on availability. Use of Facility equipment is not required, and Barton G may procure equipment from other sources. 3. Production Labor. In accordance with the SMG Agreement with IATSE Local 500, all production-related labor required for setup, operation, and tear-down of banquet events shall be provided by SMG at its then-prevailing rates. 4. Miscellaneous. Barton G will be charged for any additional items or services provided by City/SMG that are not typically provided gratis to Event Sponsors at then- prevailing rates and with prior written notification to Barton G. 5. Increase In Charges. All of the charges referenced in this Exhibit C may be adjusted (not more frequently than annually) upon reasonable advance notice to Barton G. Any such increase shall be reasonable and shall not exceed SMG's standard increase for the item in question, if applicable. {0996-168-00005647.DOC - 7 }