Avis 2007 Annual Report Download - page 199

Exhibit 10.61
AVIS RENT A CAR SYSTEM, INC.
SYSTEM LICENCE AGREEMENT
THIS AGREEMENT , made this 22nd day of October 1986 between Avis Rent A Car System, Inc., a Delaware corporation, with principal
offices at 900 Old Country Road, Garden City, Long Island, New York, hereinafter called “Licensor”, and Avis Europe plc an English
company, of Avis House, Station Road, Bracknell, Berks, hereinafter called “Licensee”.
WITNESSETH
Whereas, Licensor is the exclusive owner of, and has the right to use and to license others to use, a plan or system for conducting the business
of renting and leasing motor vehicles, with or without drivers, hereinafter called “vehicle rental business”, which plan or system consists,
among other things, of uniform methods of operation, accounting, advertising service and publicity, courtesy and credit card service, kind and
amount of insurance protection, method of procuring insurance protection and equipment, style and character of equipment, furnishings and
appliances used in the conduct of a system generally known as Avis Rent a Car System and sometimes referred to hereinafter as the “System”;
and
Whereas, Licensee is desirous of obtaining a licence to use the System in the conduct of a vehicle rental business and to sub-license the System
to others in the area hereinafter set forth;
NOW, THEREFORE, in consideration of the sum of $1 and of the mutual covenants contained herein, it is agreed by and between the parties
hereto as follows:
1.1 Licensor hereby grants to the Licensee, subject to the terms and conditions hereof, an exclusive licence to use the System, and to grant to
sub-licensees (“Sub-licensees”) sub-licences for the use of the System, and to permit Sub-licensees to grant sub-licences for the use of the
System, in the conduct of a vehicle rental business in that part of the world bounded to the west of the Greenwich Meridian by a line running
from the north pole to the south pole along 30 degrees of longitude (but including that part of the Azores and Greenland which lies to the west
of such line) and to the east of the Greenwich Meridian by a line running from the north pole to the south pole along 60 degrees of longitude
(but including that part of the USSR and Iran which lies to the east of such line) excluding Madagascar and the continent of Africa which lies
to the west of the Suez canal and the Red Sea (“the Territory”);
1.2 This licence commences on 5 November 1986 and terminates on 30 November 2036.
1.3 During the term of this agreement, Licensor covenants that it will not grant a licence to use the System in the conduct of a vehicle rental
business in the Territory to anyone other than Licensee and that it will not itself conduct a vehicle rental business within the Territory.
1
1.
GRANT OF LICENCE