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EXHIBIT 10.3.2
Information marked with "*****" has been omitted from the public filing and
filed separately with the Commission pursuant to a request for confidential
treatment filed by Easyriders, Inc.
[XXXXXX LETTERHEAD]
April 20, 1998
Xx. Xxxxxx Xxxxxx
PAISANO PUBLICATIONS
P.O. Box 1025
00000 Xxxxxxx Xxxxx
Xxxxxx Xxxxx, XX 00000
Dear Xxx:
This letter shall serve to further amend the distribution agreement dated
April 1, 1967 and its various previous amendments (hereinafter termed the
"D.A.") between PAISANO PUBLICATIONS, INC. ("Publisher") and Xxxxxx Circulation
Company ("Xxxxxx"). Except for the modifications noted herein, the D.A. shall
remain intact and in full force.
The following terms are agreed to and understood by the parties as the
only changes to the aforementioned D.A.;
I. PARAGRAPH 9 (FIRST SENTENCE): Effective June 1, 1998, or upon the
ratification of this amendment if after said date, the distribution
fee described in the first sentence of Paragraph 9 shall change to
*****.
II. Upon ratification of this amendment. Publisher will receive a credit
of ***** *** percent (*****) of the cover price for each copy of
each issue of each publication sold prior to June 1, 1998 back to
issues on sale after March 1, 1995 with said credit not to exceed or
be less than $*****.
III. The term of the D.A. shall be extended through July 1, 2001.
IV. At Xxxxxx' option, Xxxxxx may make a one-time payment to Publisher
in the amount of $***** to automatically extend the D.A. through
July 1, 2002.
V. The $***** promotional reimbursement program described in Item 2 of
the amendment dated July 20, 1994 is cancelled.
VI. Xxxxxx shall immediately assume the distribution to any secondary
wholesalers Xxxxxx wishes to service.
VII. Publisher will design and implement a distribution fee incentive
program for Xxxxxx.
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[XXXXXX NEXT PAGE LETTERHEAD]
Xx. Xxxxxx Xxxxxx
April 20, 1998
Page 2
The undersigned acknowledge their agreement with the intent to be legally
bound by hereby signing two (2) counterparts hereof, each of which shall be
deemed originals.
PAISANO PUBLICATIONS, INC. XXXXXX CIRCULATION COMPANY
By: /s/ XXXXXX XXXXXX By: [SIG]
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Title: Chairman Title: Sr. VP, Publisher,
Planning and Development
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Date: 4/22/98 Date: 4/23/98
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