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EXHIBIT 10.12.4
[LOGO]
[WORLD WRESTLING FEDERATION(R)]
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 October 24, 1995 as amended by Amendments to Agreement between the
parties effective April 22, 1996, January 21, 1997 and December 3, 1997
respectively (collectively, the "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 ("Fourth Amendment"):
1. Paragraph six (6) of the Third Amendment to the Agreement ("Third
Amendment") shall be deleted in its entirety and replaced with the following
language:
"The Third 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.
lease confirm acceptance of the First 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 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
2
ACCEPTED AND AGREED:
JAKKS PACIFIC, INC.
("LICENSEE")
By: /s/ Xxxx Xxxxxxxx
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Its:
Date:
TITAN SPORTS, INC.
("TITAN")
By: /s/ Xxxxx X. XxXxxxx
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Xxxxx X. XxXxxxx
Its: President and CEO
Date: 2/14/98
