NINTH AMENDMENT TO
LICENSE AGREEMENT AND GUARANTEE
Ninth Amendment to License Agreement and Guarantee made as of
the 10th day of January, 1996, by and between XXXXXXX XXXXXXXXXXX, c/o Xxxxx
Xxxxxxx/Xxxxxxx Xxxxxxx Associates, 000 Xxxx 00xx Xxxxxx, Xxxxx 000, Xxx Xxxx,
Xxx Xxxx 00000 (hereinafter "Baryshnikov"), XXXXXXX XXXXXX FRAGRANCES, INC., 00
Xxxxxxxxx Xxxxxxxxx, Xxxxxx, Xxxxxxxxxxx 00000 (hereinafter "Licensee" or "RBF")
and XXXXXXX XXXXXX of 0 Xxxxx Xxxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx 00000
("Barrie").
W I T N E S S E T H:
WHEREAS, the parties hereto have entered into a license
agreement dated June, 1987 (sic) ("Original License Agreement") as amended by
Amendments to License Agreement and Guarantee dated January 23, 1989 ("First
Amendment"), February 28, 1989 ("Second Amendment"), June 21, 1989 ("Third
Amendment"), May 1, 1990 ("Fourth Amendment"), July 16, 1991 ("Fifth
Amendment"), February 14, 1992 ("Sixth Amendment"), March 31, 1993 ("Seventh
Amendment") and March 15, 1995 ("Eighth Amendment") (collectively, "License
Agreement"), and
WHEREAS, the parties desire to further amend the
License Agreement; and
WHEREAS, pursuant to the schedule set forth in the
Eighth Amendment, Licensee was required to achieve Minimum
Net Sales of Articles of $7,250,000 in calendar year 1995 and Licensee achieved
actual Net Sales of Articles of a lesser amount; and
WHEREAS, Licensee desires that Baryshnikov waive the Minimum
Net Sales of Articles requirement for calendar year 1995 and Baryshnikov is
willing to grant such a waiver.
NOW, THEREFORE, it is hereby agreed as follows:
1. Waiver. Baryshnikov hereby waives any right
to terminate the License Agreement on the basis of Licensee's failure to achieve
Minimum Net Sales of Articles of $7,250,000 in calendar year 1995.
2. Full Force and Effect. It is hereby agreed
that the License Agreement, except as specifically modified
herein, remains in all respects in full force and effect.
IN WITNESS WHEREOF, the undersigned have executed this Ninth
Amendment as of the date first written above.
XXXXXXX XXXXXX FRAGRANCES, INC.
By:________________________________
Xxxxxxx Xxxxxx, President
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Xxxxxxx Xxxxxxxxxxx
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Xxxxxxx Xxxxxx
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