Exhibit 10.6(b)
SECOND AMENDMENT TO AGENCY AGREEMENT
AMENDMENT TO AGREEMENT ("AMENDMENT") made as of April 1, 1999 by and
between TOYMAX INTERNATIONAL, INC., a Delaware corporation and its subsidiaries
(collectively, the "COMPANY") and TAI NAM INDUSTRIAL COMPANY LIMITED (the
"AGENT").
WHEREAS, the Company and the Agent entered into an Agency Agreement
dated April 1, 1997, as amended on September 22, 1997 (the "AGENCY AGREEMENT");
and
WHEREAS, the Company and the Agent desire to further amend the Agency
Agreement in accordance with the terms and conditions set forth herein.
NOW, THEREFORE, in consideration of the following and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:
1. Section (7) of the Agency Agreement is hereby amended to extend the
term thereof for an additional one (1) year from the date of this Amendment
until March 31, 2000. Thereafter, the Agency Agreement shall be automatically
extended until termination by either party, upon the receipt by the other party
hereto of written notice given three months in advance of the desired
termination.
2. Unless otherwise amended, the Agency Agreement shall remain in full
force and effect until terminated in accordance with the terms hereof. All other
terms of the Agency Agreement are hereby restated.
IN WITNESS WHEREOF, the parties have caused this Amendment to be
executed as of the date and year first above written.
TOYMAX INTERNATIONAL, INC.
By: /s/ Xxxxxx X. Xxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxx, President
TAI NAM INDUSTRIAL COMPANY LTD.
By: /s/ Xxxxx Ki Kwanchu
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Xxxxx Ki Xxxx Xxx, President
