Attached files
Exhibit 10.15(b)
AMENDATORY AGREEMENT
This AMENDATORY AGREEMENT is made by and among STANLEY LOGISTICS, INC., a Delaware corporation, and THE STAKLEY WORKS, a Connecticut corporation with its principal place of business at 100 Stanley Drive, New Britain, Connecticut 06053, (collectively, "OWNER"), and MAGLA PRODUCTS, INC., a New Jersey corporation with its principal place of business at 159 South Street, P.O. Box 1934, Morristown, New Jersey 07960 ("LICENSEE").
WHEREAS, OWNER and LICENSEE have entered into a License Agreement dated November 2, 1998 (hereinafter "Agreement"); and
WHEREAS, OWNER and LICENSEE desire to modify and amend the Agreement;
NOW, THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged, OWNER and LICENSEE agree as follows:
|
1.
|
The LICENSED TERRITORY, as set forth in EXHIBIT 2 of the Agreement, shall be deleted and replaced with the following:
|
United States, its territories and possessions, the Commonwealth of Puerto Rico, Canada, Mexico and the countries of South and Central America.
|
2.
|
The terms and conditions of the Agreement shall, except as modified and amended herein, remain in full force and effect.
|
IN WITNESS WHEREOF, the parties hereto have executed this .Amendatory Agreement this day of October, 1999.
|
MAGLA PRODUCTS, INC.
|
THE STANLEY WORKS
|
|||
|
By:
|
/s/ Jordan Glatt
|
By:
|
/s/ Barbara B. Hunnicutt
|
|
|
Title:
|
President
|
Title:
|
Director of Licensing
|
|
|
STANLEY LOGISTICS, INC.
|
||||
|
By:
|
/s/ Barbara B. Hunnicutt
|
|||
|
Title:
|
Vice President
|
|||