EXHIBIT 10.15
January 14, 1998
PLAY-BY-PLAY TOYS & NOVELTIES, INC.
0000 Xxxxxxx
Xxx Xxxxxxx, XX 00000-0000
Attention: Xxxx Xxxxxxx
Re: XXXXXX BROS. LICENSE AGREEMENT #8700-BLT - AMENDMENT #1
Dear Xx. Xxxxxxx:
This letter when fully executed shall formally amend the above-referenced
License Agreement, dated September 10, 1997, relative to certain rights owned
and controlled by our client Warner Bros., a division of Time Warner
Entertainment Company L.P. (the "Agreement").
By our mutual execution hereof, it is agreed as follows:
PARAGRAPH 1 DEFINITIONS is hereby amended by adding the following subparagraph
thereto:
"(i) "Promotional Commitment": Licensee commits to spend a minimum of *REDACTED*
dollars ($*REDACTED*) on television advertising to promote the Licensed
Products during the Term. Licensor shall have the right to audit Licensee's
books and records under the terms and conditions of Paragraph 6 herein in
order to verify compliance with Licensee's obligations hereunder."
In all other respects, other than as noted above, the subject License Agreement
and all of its terms and conditions shall continue to govern our relationship.
Please show your concurrence with the above by signing all three (3) copies of
this document and returning them to this office. Upon final execution, one copy
will be sent to you for your files. This letter shall have no legal effect
unless and until signed by all parties noted below.
LICENSOR: AGREED AND ACCEPTED:
LICENSEE:
WARNER BROS. CONSUMER
PRODUCTS, ON BEHALF OF ITSELF AND PLAY-BY-PLAY TOYS &
AS AGENT FOR WARNER BROS., A DIVISION NOVELTIES, INC.
OF TIME WARNER ENTERTAINMENT
COMPANY L.P.
By:/s/ XXXX X. XXXXX By:/s/ XXXX XXXXXXX
Xxxx X. Xxxxx
Vice President, Legal Affairs
Date: 1/30/98 Date: 1/21/98
