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[LOGO MOVADO GROUP] EXHIBIT 10.2
October 22, 1997
Xx. Xxxx Xxxx Xxxxxxxx
Xxxxx, Xxxx Xxxxxxxx & Co.
Xxx xx xxxxx Xxxxxxx
XX-0000 Xx Xxxxx-xx-Xxxxx
Xxxxxxxxxxx
RE: AMENDMENT NUMBER 6 TO FRANCHISE AGREEMENT
Dear Xx. Xxxxxxxx:
This has reference to the Franchise Agreement by and between Corum Xxxx Xxxxxxxx
& Co. ("Manufacturer") and Movado Group, Inc. ("Distributor") dated February 27,
1969 as amended (the "Agreement").
As the parties to the Agreement wish to further amend the Agreement to exclude
the countries of Central America from the Territory, in consideration of the
mutual promises contained herein and in the Agreement as hereby amended it is
agreed as follows. The term "Territory" as used in the Agreement shall
henceforth mean: the United States of America, including the United States
Virgin Islands, Puerto Rico and all other territories and possessions of the
United States, Canada and all of the Caribbean Islands.
The Agreement, as hereby amended, shall otherwise remain in full force and
effect.
If the foregoing is acceptable, please indicate your agreement by signing both
originals of this letter and returning one to me. Thank you.
Movado Group, Inc.
By /s/ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Agreed to and Accepted
Corum Xxxx Xxxxxxxx & Co.
By /s/ X.X. Xxxxxxxx
X.X. Xxxxxxxx, President
[Movado Letterhead]
