EXHIBIT 10.11
AMENDMENT TO SERVICES AGREEMENT
This amendment ("Amendment") is dated as of July 12, 2006 by and between
Barington Capital Group, L.P., a New York limited partnership with an address at
000 Xxxxxxx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 ("BCG"), and L Q
Corporation, Inc., a Delaware corporation with an address at 000 Xxxxxxx Xxxxxx,
00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 (the "Company").
RECITALS:
WHEREAS, the Company and BCG are parties to that certain Services
Agreement, dated as of November 18, 2004, which agreement was amended as of
January 1, 2005 and May 10, 2006 (as amended, the "Agreement"); and
WHEREAS, the Company and BCG desire to amend the Agreement to extend the
term of the Agreement as set forth herein.
NOW, THEREFORE, in consideration of the mutual covenants expressed herein
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intending to be legally bound
hereby, agree as follows:
1. Section 4 of the Agreement is hereby amended to extend the term of
the Agreement until December 31, 2007.
2. This Amendment shall be effective as of June 30, 2006. The
Agreement, as amended by this Amendment, is in full force and effect
and is hereby ratified and confirmed.
3. This Amendment may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be
an original, but all such counterparts shall together constitute but
one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed by their authorized representative as of the date set forth above.
BARINGTON CAPITAL GROUP, L.P.
By: LNA Capital Corp., General Partner
By: /s/ Xxxxx X. Xxxxxxxxxxx
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Xxxxx X. Xxxxxxxxxxx
Chairman and CEO
L Q CORPORATION, INC.
By: /s/ Xxxxx X. Xxxxxxxxxxx
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Xxxxx X. Xxxxxxxxxxx
Chairman
