RONSON CORP - FORM 8-K - EX-10.2 - EXHIBIT 10.2 - August 4, 2010

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8-K - FORM 8K - RONSON CORPform8k-109629_rclc.htm
EX-10.1 - EXHIBIT 10.1 - RONSON CORPex10-1.htm
 
 
 

 
Exhibit 10.2
As of July 16, 2010
 
Mr. Louis V. Aronson
President and Chief Executive Officer
Ronson Corporation
Corporate Park III, Campus Drive
 
Somerset, NJ 08875
 
Dear Mr. Aronson:
 
Reference is made to the Agreement dated March 30, 2009, as previously amended (the “Agreement”) between Getzler Henrich & Associates LLC (“Getzler Henrich”) and Ronson Corporation (together with its subsidiaries, the “Company”).
 
By signing below, please confirm that:
 
(i)           The date "July 31, 2010" in the two places where it appears in the Agreement is amended to be "August 31, 2010"; provided, that this extension shall become effective only if the Company is not a debtor in a bankruptcy proceeding as of July 31, 2010; and
 
(ii)           On and as of July 3, 2010, the Company owes $1,909,981.52, consisting of $1,709,981.52 in fees and expenses and $200,000 in Signing Bonus, to Getzler Henrich under the Agreement, and such amount is owing and payable in full, without offset, deduction or counterclaim of any kind or character whatsoever.
 
Should another extension to the term of the Agreement be required, Getzler Henrich will furnish the Company a proposed extension letter on or before August 19, 2010.
 
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The Agreement is, in all other respects, ratified and confirmed.
 
 
Very truly yours,
 
 
GETZLER HENRICH & ASSOCIATES LLC
 
 
By:
/s/ Joel Getzler
   
Joel Getzler
   
Vice Chairman
Agreed to and accepted:
 
RONSON CORPORATION
 
By:  /s/Louis V. Aronson II                              
        Name: Louis V. Aronson II
        Title: President and Chief Executive Officer
 
RONSON CONSUMER PRODUCTS CORPORATION
 
By:  /s/Louis V. Aronson II                              
        Name: Louis V. Aronson II
        Title: President and Chief Executive Officer
 
RONSON AVIATION, INC.
 
By:  /s/Louis V. Aronson II                              
        Name: Louis V. Aronson II
        Title: President and Chief Executive Officer
 
RONSON CORPORATION OF CANADA LTD.
 
By: /s/Louis V. Aronson II                                                                                                  
Name: Louis V. Aronson II
Title: President and Chief Executive Officer
Consented to:
 
WELLS FARGO BANK, NATIONAL ASSOCIATION

By
/s/ Peter Gannon
  
Name:
Peter Gannon
  
Title:
Vice President
  



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