AMENDATORY AGREEMENT
Exhibit 10.15(b)
AMENDATORY AGREEMENT
This AMENDATORY AGREEMENT is made by and among XXXXXXX LOGISTICS, INC., a Delaware corporation, and THE XXXXXXX WORKS, a Connecticut corporation with its principal place of business at 000 Xxxxxxx Xxxxx, Xxx Xxxxxxx, Xxxxxxxxxxx 00000, (collectively, "OWNER"), and MAGLA PRODUCTS, INC., a New Jersey corporation with its principal place of business at 000 Xxxxx Xxxxxx, X.X. Xxx 0000, Xxxxxxxxxx, Xxx Xxxxxx 00000 ("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:
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1.
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The LICENSED TERRITORY, as set forth in EXHIBIT 2 of the Agreement, shall be deleted and replaced with the following:
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United States, its territories and possessions, the Commonwealth of Puerto Rico, Canada, Mexico and the countries of South and Central America.
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2.
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The terms and conditions of the Agreement shall, except as modified and amended herein, remain in full force and effect.
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IN WITNESS WHEREOF, the parties hereto have executed this .Amendatory Agreement this day of October, 1999.
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MAGLA PRODUCTS, INC.
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THE XXXXXXX WORKS
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By:
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/s/ Xxxxxx Xxxxx
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By:
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/s/ Xxxxxxx X. Xxxxxxxxx
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Title:
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President
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Title:
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Director of Licensing
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XXXXXXX LOGISTICS, INC.
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By:
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/s/ Xxxxxxx X. Xxxxxxxxx
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Title:
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Vice President
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