SECOND AMENDMENT TO LICENSE AGREEMENT
This Second Amendment to License Agreement ("Second Amendment") dated
effective as of August 1, 2002, is made by and between Xxxxxxx Radio Corp.
("Licensor") and Funai Corporation, Inc. ("Licensee").
WHEREAS, Licensor and Licensee are parties to that License Agreement
("Agreement") effective as of January 1, 2001, as amended by First Amendment to
License Agreement, dated February 19, 2002; and
WHEREAS, the parties wish to further amend the Agreement effective as of
the effective date of this Second Amendment to reflect a revised royalty rate
for sales to Walmart only.
NOW, THEREFORE, the parties agree to the following:
1. Capitalized Terms and Amended Exhibit A. All capitalized terms not
defined herein shall have the same meaning as in the Agreement.
Exhibit A, Section III. of the Agreement shall be amended to read as
set forth on the attached Amended Exhibit A.
2. All Other Provisions of the Agreement. All other provisions of the
Agreement not amended herein shall continue to have their full force
and effect.
IN WITNESS WHEREOF, this Second Amendment has been executed by the duly
authorized representative of each party effective as of the above effective
date.
XXXXXXX RADIO CORP. FUNAI CORPORATION, INC.
By: /s/ Xxxx X. Xxxx By: /s/ Xxxxx Xxxx
Name: Xxxx X. Xxxx Name: Xxxxx Xxxx
Title: EVP - International Title: President
