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EXHIBIT 10.13.2
[LOGO]
WORLD WRESTLING FEDERATION
January 29, 1998
Mr. Xxxx Xxxxxxxx
President
JAKKS Pacific, Inc.
00000 Xxxxxxx Xxxxx Xxxxxxx, Xxxxx 000
Xxxxxx, XX 00000
Re: TITAN SPORTS, INC. ("TITAN")-W-JAKKS PACIFIC, INC. ("LICENSEE")
Dear Xx. Xxxxxxxx:
Reference is hereby made to that certain License Agreement between the parties
dated February 10, 1997 as amended by an Amendment to the Agreement between the
parties effective December 3, 1997 (collectively, "Agreement"). For good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties have agreed to amend the Agreement as follows
("Second Amendment"):
1. Paragraph three (3) of the First Amendment to the Agreement ("First
Amendment" shall be deleted in its entirety and replaced with the language:
"The First Amendment shall not be valid unless and until Titan
receives a copy of a fully executed settlement agreement between Titan
and Playmates Toys, Inc. ('Playmates') terminating the letter of
agreement between Titan and Playmates dated June 3, 1996."
All terms not defined herein shall have the same meaning given them in the
Agreement. Except as expressly or by necessary implication modified hereby,
the terms and conditions of the Agreement are hereby ratified and confirmed
without limitation or exception.
Please confirm acceptance of this Second Amendment as set forth above on behalf
of Licensee in the space provided below on each of the enclosed two (2) copies
and return them to me. One (1) fully executed copy will be returned to you for
your records.
Very truly yours,
/s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx
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ACCEPTED AND AGREED:
JAKKS PACIFIC, INC.
("LICENSEE")
By: /s/ Xxxx Xxxxxxxx
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Its: CEO
TITAN SPORTS, INC.
("TITAN")
By: /s/ Xxxxx X. XxXxxxx
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Xxxxx X. XxXxxxx
President and CEO
