Exhibit 10.17(b)
AMENDMENT TO MANUFACTURING AGREEMENT
AMENDMENT TO AGREEMENT ("AMENDMENT") made as of April 1, 1999 by and
between TOYMAX INTERNATIONAL, INC., a Delaware corporation and its subsidiaries
(collectively, the "COMPANY") and TAI NAM INDUSTRIAL COMPANY LIMITED ("Tai Nam")
and JAUNTIWAY INVESTMENT LIMITED ("Jauntiway").
WHEREAS, the Company, Tai Nam and Jauntiway entered into a
Manufacturing Agreement dated September 22, 1997 (the "MANUFACTURING
AGREEMENT"); and
WHEREAS, the Company, Tai Nam and Jauntiway desire to amend the
Manufacturing Agreement in accordance with the terms and conditions set forth
herein.
NOW, THEREFORE, in consideration of the following and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
1. Section (6.1) of the Manufacturing Agreement is hereby amended to
extend the term thereof for an additional one (1) year from the date of this
Amendment until March 31, 2000. Thereafter, the Manufacturing Agreement shall be
automatically extended until termination by either party, upon the receipt by
the other party hereto of written notice given three months in advance of the
desired termination.
2. Unless otherwise amended, the Agency Agreement shall remain in full
force and effect until terminated in accordance with the terms hereof. All other
terms of the Agency Agreement are hereby restated.
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed as of the date and year first above written.
TOYMAX INTERNATIONAL, INC.
By: /s/ Xxxxxx X. Xxxxxxxxxx
---------------------------------
Xxxxxx X. Xxxxxxxxxx, President
TAI NAM INDUSTRIAL COMPANY LTD.
By: /s/ Xxxxx Ki Xxxx Xxx
--------------------------------
Xxxxx Ki Xxxx Xxx, President
JAUNTIWAY INVESTMENT LIMITED
By: /s/ Xxxxx Ki Xxxx Xxx
--------------------------------
Xxxxx Ki Xxxx Xxx, President
