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***Text Omitted and Filed Separately with the Securities and Exchange
Commission. Confidential Treatment Requested Under
17 C.F.R. Sections 200.80(b)(4) and 240.24b-2
Exhibit 10.15(e)
THIRD AMENDATORY AGREEMENT
This THIRD AMENDATORY AGREEMENT is made and entered into effective December 23 2002 (the "Effective Date") by and among STANLEY LOGISTICS, INC., a Delaware corporation, and THE STANLEY WORKS, a Connecticut Corporation, with its principal place of business at 1000 Stanley Drive, New Britain, Connecticut 06053 (collectively "OWNER"), and MAGLA PRODUCTS, LLC, a New Jersey corporation with its principal place of 159 South Street, P.O. Box 1934, Morristown, New Jersey 07960 (hereinafter "LICENSEE").
WHEREAS, OWNER and LICENSEE have entered into a License Agreement effective November 2,1998 and amended on November 11,1999, and amended again on September 28, 2001 (hereinafter collectively, "Agreement"); and
WHEREAS, OWNER and LICENSEE desire to modify and renew the Agreement;
NOW, THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged, OWNER and LICENSEE agree as follows:
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1.
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Effective as of the Effective Date, the section titled "CHANNELS OF DISTRIBUTION" set forth in EXHIBIT 4 of the Agreement shall be amended to include [***]
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2.
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Except as modified and amended herein, the terms and conditions of the Agreement shall remain in full force and effect.
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IN WITNESS WHEREOF, the parties hereto have executed this Third Amendatory Agreement as of the date first above written.
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MAGLA PRODUCTS, LLC
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THE STANLEY WORKS
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By:
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/s/ Jordan Glatt
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By:
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/s/ Kenneth O. Lewis
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Title:
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President
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Title:
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Vice President Marketing
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and Brand Development
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STANLEY LOGISTICS, INC.
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By:
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/s/ Kenneth O. Lewis
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Title:
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Vice President Marketing
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and Brand Development
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