Exhibit 10.1
Amendment No. 4
To License Agreement
This Amendment No. 4 to License Agreement (the "Amendment"), entered
into on February 15, 2007, with an effective date as of January 1, 2007, by and
between Metromedia Company, a Delaware general partnership, and Metromedia
International Group, Inc., a Delaware corporation.
W I T N E S S E T H :
WHEREAS, Metromedia Company (the "Licensor") and Metromedia
International Group, Inc. (the "Licensee") are parties to that certain License
Agreement, dated as of November 1, 1995, as amended (the "License Agreement"),
pursuant to which Licensor granted to Licensee a license to use the Licensor's
trade name and trademark "Metromedia" in accordance with the terms and
conditions of the License Agreement; and
WHEREAS, both Licensor and Licensee have agreed to amend the License
Agreement to extend the Term of the License Agreement;
NOW THEREFORE, in consideration of the mutual premises and covenants
made herein and other valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Licensor and Licensee agree as follows:
1. Capitalized Terms
-----------------
All capitalized terms used but not defined herein shall have the
meanings ascribed thereto in the License Agreement.
2. Term
----
Paragraph 2 of the License Agreement is hereby deleted in its entirety
and replaced with the following:
"2. This Agreement and the rights and licenses granted under
Paragraph 1 shall be in effect until June 30, 2007, unless earlier
terminated as provided herein (the "Term")."
3. Miscellaneous
-------------
3.1 Except as specifically provided herein, nothing contained in
this Amendment shall be deemed to modify in any respect the
terms, provisions or conditions of the License Agreement, and
such terms, provisions and conditions shall remain in full
force and effect.
3.2 This Amendment shall be binding upon and inure to the benefit
of Licensor, Licensee and their respective permitted
successors and assigns.
Exhibit 10.1
IN WITNESS WHEREOF, Licensor and Licensee have executed this Amendment as of the
day and year first written above.
LICENSOR:
Metromedia Company
By: /s/ Xxxxxx Xxxxxxxxx
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LICENSEE:
Metromedia International Group, Inc.
By: /s/ Xxxx X. Xxxx
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Xxxx X. Xxxx, President
