THIRD AMENDATORY AGREEMENT

EX-10.15(E) 11 f8k0211a4ex10xve_adsinmot.htm THIRD AMENDATORY AGREEMENT WITH STANLEY LOGISTICS, INC. f8k0211a4ex10xve_adsinmot.htm
***Text Omitted and Filed Separately with the Securities and Exchange
Commission. Confidential Treatment Requested Under
17 C.F.R. Sections 200.80(b)(4) and 240.24b-2
 
Exhibit 10.15(e)
 
THIRD AMENDATORY AGREEMENT
 
This THIRD  AMENDATORY AGREEMENT is  made and entered into  effective December 23 2002 (the "Effective Date") by and among STANLEY LOGISTICS, INC., a Delaware corporation, and THE STANLEY WORKS, a Connecticut Corporation, with its principal place of business at 1000 Stanley Drive, New Britain, Connecticut 06053 (collectively "OWNER"), and MAGLA PRODUCTS, LLC, a New Jersey corporation with its principal place of 159 South Street, P.O. Box 1934, Morristown, New Jersey 07960 (hereinafter "LICENSEE").
 
WHEREAS, OWNER and LICENSEE have entered into a License Agreement effective November 2,1998 and amended on November 11,1999, and amended again on September 28, 2001 (hereinafter collectively, "Agreement"); and
 
WHEREAS, OWNER and LICENSEE desire to modify and renew the Agreement;
 
NOW, THEREFORE, for valuable consideration, the receipt of which is hereby acknowledged, OWNER and LICENSEE agree as follows:
 
 
1.
Effective as of the Effective Date, the section titled "CHANNELS OF DISTRIBUTION" set forth in EXHIBIT 4 of the Agreement shall be amended to include [***]
 
 
2.  
Except as modified and amended herein, the terms and conditions of the Agreement shall remain in full force and effect.
 
IN WITNESS WHEREOF, the parties hereto have executed this Third Amendatory Agreement as of the date first above written.
 
MAGLA PRODUCTS, LLC
 
THE STANLEY WORKS
         
By:
/s/ Jordan Glatt
 
By:
/s/ Kenneth O. Lewis
         
Title:
President
 
Title:
Vice President Marketing
       
     and Brand Development
       
     
STANLEY LOGISTICS, INC.
         
     
By:
/s/ Kenneth O. Lewis
         
     
Title:
Vice President Marketing
       
     and Brand Development