Saturday, October 23, 2010 2:52:25 PM
Observation Wheels - FXRE - FX Real Estate & Entertainment
I'd bet my money on these guys first...
9/10/2010
Signs License Agreement for Giant observation wheels
Signs deal to install 6 Skyview rides in 66 months....Orlando & Las Vegas to start....(could it be the world's largest wheel!!!)....
Wheel can be 200 to 600ft
http://www.usthrillrides.com/
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Observation Wheels - Orlando & Las Vegas
The (Orlando) spot is an abandoned amusement park. The entire site will become a shiney new parking lot, with a 20' high tension tent next to the "wheel" for crowd cue and ticketing.
This wheel is 300' tall.
The Las Vegas Strip Location is still confidential. That wheel will be 450' tall.
http://www.crowdspring.com/project/2281344_photorealistic-drawing-of-skyview-observation-wheel/access/
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"......The design allows for capacity numbers of up to 3,000 passengers per hour, accommodating patrons without a lengthy waiting period."
http://www.parkworld-online.com/news/fullstory.php/aid/1524/Reinventing_the_wheel.html
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"....“Since the wheel itself doesn’t turn— the cars move around on a stationary track—we can shape it any way we want. We can put mouse ears on it or shape it like a Coke bottle,” Kitchen said. He’s talking to one company that wants to lean the wheel out over a giant canyon and hang riders over the edge. “That wouldn’t be possible with a Ferris wheel,” he said. "
http://www.iaapa.org/industry/funworld/2010/jan/features/AttractionsExpo/fromthefloor/index.asp
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http://sec.gov/Archives/edgar/data/1410402/000129993310003349/htm_38996.htm
Item 1.01 Entry into a Material Definitive Agreement.
On September 10, 2010, FX Real Estate and Entertainment Inc.’s (the "Company") wholly-owned subsidiary Circle Entertainment SV-I, LLC ("Circle Entertainment") entered into an Exclusive License Agreement (the "License Agreement") with William J. Kitchen ("Kitchen") and US ThrillRides, LLC, Kitchen’s wholly-owned corporate affiliate ("ThrillRides" and together with Kitchen, the "ThrillRides Parties"), pursuant to which the ThrillRides Parties have granted a worldwide exclusive license to Circle Entertainment to use and commercially exploit all of Kitchen’s patents, ThrillRides’ trademark and Kitchen’s other intellectual property, trade secrets and know-how pertaining to all aspects of the adaptation of an observation wheel legally known as a SkyView™ including, without limitation, its engineering, design, development, construction, operation and maintenance (collectively, the "SkyView Technology").
Concurrently with their entry into the License Agreement, Circle Entertainment and the ThrillRides Parties also entered into a related Development Agreement (the "Development Agreement") pursuant to which the ThrillRides Parties are responsible for the supervision and management of the construction, development, and installation of SkyViews on behalf of Circle Entertainment.
As has been previously disclosed, the Company has been evaluating this new line of business to develop SkyViews since the end of the first quarter of 2010. The SkyViews remain under development; no prototypes have been built nor have any SkyViews been sold or sublicensed. Although the Company through Circle Entertainment has obtained a world-wide exclusive license to use the SkyView Technology to develop SkyViews, there is no assurance that the Company and Circle Entertainment will either obtain the necessary financing to use the SkyView Technology to develop the SkyViews for sale and sublicensing or, even if such financing is obtained, they will successfully develop the SkyViews for sale and sublicensing or otherwise implement this new line of business.
A brief description of the terms and conditions of the License Agreement and the Development Agreement follows. Such description of the License Agreement and the Development Agreement is not complete and is qualified in its entirety by reference to the full text of the License Agreement and the Development Agreement, copies of which are filed herewith as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.
License Agreement
The License Agreement has an initial term of twenty (20) years unless sooner terminated in accordance with its terms. The initial 20-year term renews automatically for successive five (5) year periods, at Circle Entertainment’s option, unless Circle Entertainment provides written notice of non-renewal to Kitchen at least 190 days prior to the expiration of the initial term or the then current renewal period, as applicable.
Circle Entertainment has an exclusive world wide license for current and future SkyView Technology. Circle Entertainment has the right to sublicense the SkyView license to unaffiliated third party licensees.
Under the License Agreement, the Company issued to Kitchen and his designees warrants to purchase up to 3,750,000 shares of Company common stock at an exercise price of $0.20 per share (subject to anti-dilution protection from stock splits and similar events during the term of the warrants). These warrants have five-year terms and are immediately exercisable, provided that they are subject to cancellation upon a fault-based termination of the License Agreement by either of the ThrillRides Parties.
I'd bet my money on these guys first...
9/10/2010
Signs License Agreement for Giant observation wheels
Signs deal to install 6 Skyview rides in 66 months....Orlando & Las Vegas to start....(could it be the world's largest wheel!!!)....
Wheel can be 200 to 600ft
http://www.usthrillrides.com/
xxxxxxxxxxxxxxxxxxxxxx
Observation Wheels - Orlando & Las Vegas
The (Orlando) spot is an abandoned amusement park. The entire site will become a shiney new parking lot, with a 20' high tension tent next to the "wheel" for crowd cue and ticketing.
This wheel is 300' tall.
The Las Vegas Strip Location is still confidential. That wheel will be 450' tall.
http://www.crowdspring.com/project/2281344_photorealistic-drawing-of-skyview-observation-wheel/access/
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
"......The design allows for capacity numbers of up to 3,000 passengers per hour, accommodating patrons without a lengthy waiting period."
http://www.parkworld-online.com/news/fullstory.php/aid/1524/Reinventing_the_wheel.html
xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
"....“Since the wheel itself doesn’t turn— the cars move around on a stationary track—we can shape it any way we want. We can put mouse ears on it or shape it like a Coke bottle,” Kitchen said. He’s talking to one company that wants to lean the wheel out over a giant canyon and hang riders over the edge. “That wouldn’t be possible with a Ferris wheel,” he said. "
http://www.iaapa.org/industry/funworld/2010/jan/features/AttractionsExpo/fromthefloor/index.asp
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
http://sec.gov/Archives/edgar/data/1410402/000129993310003349/htm_38996.htm
Item 1.01 Entry into a Material Definitive Agreement.
On September 10, 2010, FX Real Estate and Entertainment Inc.’s (the "Company") wholly-owned subsidiary Circle Entertainment SV-I, LLC ("Circle Entertainment") entered into an Exclusive License Agreement (the "License Agreement") with William J. Kitchen ("Kitchen") and US ThrillRides, LLC, Kitchen’s wholly-owned corporate affiliate ("ThrillRides" and together with Kitchen, the "ThrillRides Parties"), pursuant to which the ThrillRides Parties have granted a worldwide exclusive license to Circle Entertainment to use and commercially exploit all of Kitchen’s patents, ThrillRides’ trademark and Kitchen’s other intellectual property, trade secrets and know-how pertaining to all aspects of the adaptation of an observation wheel legally known as a SkyView™ including, without limitation, its engineering, design, development, construction, operation and maintenance (collectively, the "SkyView Technology").
Concurrently with their entry into the License Agreement, Circle Entertainment and the ThrillRides Parties also entered into a related Development Agreement (the "Development Agreement") pursuant to which the ThrillRides Parties are responsible for the supervision and management of the construction, development, and installation of SkyViews on behalf of Circle Entertainment.
As has been previously disclosed, the Company has been evaluating this new line of business to develop SkyViews since the end of the first quarter of 2010. The SkyViews remain under development; no prototypes have been built nor have any SkyViews been sold or sublicensed. Although the Company through Circle Entertainment has obtained a world-wide exclusive license to use the SkyView Technology to develop SkyViews, there is no assurance that the Company and Circle Entertainment will either obtain the necessary financing to use the SkyView Technology to develop the SkyViews for sale and sublicensing or, even if such financing is obtained, they will successfully develop the SkyViews for sale and sublicensing or otherwise implement this new line of business.
A brief description of the terms and conditions of the License Agreement and the Development Agreement follows. Such description of the License Agreement and the Development Agreement is not complete and is qualified in its entirety by reference to the full text of the License Agreement and the Development Agreement, copies of which are filed herewith as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.
License Agreement
The License Agreement has an initial term of twenty (20) years unless sooner terminated in accordance with its terms. The initial 20-year term renews automatically for successive five (5) year periods, at Circle Entertainment’s option, unless Circle Entertainment provides written notice of non-renewal to Kitchen at least 190 days prior to the expiration of the initial term or the then current renewal period, as applicable.
Circle Entertainment has an exclusive world wide license for current and future SkyView Technology. Circle Entertainment has the right to sublicense the SkyView license to unaffiliated third party licensees.
Under the License Agreement, the Company issued to Kitchen and his designees warrants to purchase up to 3,750,000 shares of Company common stock at an exercise price of $0.20 per share (subject to anti-dilution protection from stock splits and similar events during the term of the warrants). These warrants have five-year terms and are immediately exercisable, provided that they are subject to cancellation upon a fault-based termination of the License Agreement by either of the ThrillRides Parties.
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