Jamba Juice 2008 Annual Report Download - page 152

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*** CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR PORTIONS OF THIS EXHIBIT. THE COPY FILED HEREWITH
MOUNTS THE INFORMATION SUBJECT TO THE CONFIDENTIALITY REQUEST. OMISSIONS ARE DESIGNATED AS [****]. A
COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE
COMMISSION.
4.12 Audit Rights. Distributor shall prepare and maintain, in accordance with generally accepted accounting principles consistently applied, complete
and accurate books of account and records (specifically including, without limitation, the originals or copies of documents supporting entries in the books of
account) covering and limited to all transactions arising out of or relating to this Agreement. JJC and its duly authorized representatives have the right, during
regular business hours, for the duration of this Agreement and for two (2) years thereafter, to examine and audit, and make extracts from, such books of
account and records and all other documents and material in the possession or under the control of Distributor with respect to the subject matter and the terms
of this Agreement. All such books of account, records and documents shall be kept available by Distributor for at least two (2) years after the end of the period
to which they relate.
5. CREDIT TERMS
Standard Credit terms are Net fifteen (15) days from the date of delivery. Payments can be made as late as Net twenty (20) days without penalty. Distributor
will review payment history every six months, by customer account, to determine any adjustments to the fixed fee per case. Distributor will provide a [****]
discount to the fee per case for consistent system average payment of Net ten (10) days or better. In addition, Distributor will adjust upward by [****] for
consistent average payment of Net (21) days or worse.
All JJC Franchisees will complete the Distributors credit application and all related paperwork. The Distributor may require JJC to make payments on a
C.O.D. basis in the event JJC’s average outstanding accounts payable to the Distributor exceeds thirty (30) days. In the event that JJC accounts payable to the
Distributor is not within terms, no discounts or rebates will be issued to JJC.
6. ORDER MANAGEMENT
6.1 Customized Order Guides . Distributor agrees to provide monthly-customized order guides for Stores as requested by JJC. Distributor will deliver to
each Store a copy of the order guide by the first day of each Month.
6.3 Order Procedure. The Distributor agrees to provide several options for facilitating order placement, including: phone; fax; on-line via internet; and
Jamba’s “proprietary” solution.
Jamba Juice Company Stores utilize a proprietary system (eRestaurant Solutions) for its’ ordering and invoicing processes. Distributor is responsible for
maintaining the integration and transmittal of eRestaurant Solutions’ standard files in the proper format. All file exchanges will be sent electronically via Jamba
Juice’s FTP site.
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