Intercompany Services Extension Agreement between Hallmark Cards, Incorporated and Crown Media Holdings, Inc.
Hallmark Cards, Incorporated and Crown Media Holdings, Inc. have agreed to extend the term of their existing Intercompany Services Agreement until January 1, 2009. All other terms and conditions of the original agreement remain unchanged. This extension allows the parties to continue their business relationship under the same terms as before, unless the agreement is terminated earlier according to its provisions.
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Exhibit 10.45
INTERCOMPANY SERVICES EXTENSION AGREEMENT
This Extension Agreement dated as of January 1, 2008 is by and between Hallmark Cards, Incorporated ("Hallmark") and Crown Media Holdings, Inc. (Crown Holdings").
WHEREAS, Crown Holdings and Hallmark have previously entered into that certain Intercompany Services Agreement between the parties dated as of December 23, 2002 (the "Services Agreement") as extended on January 1, 2006 and January 1, 2007; and
WHEREAS, the parties desire to further extend the term of the Services Agreement;
NOW, THEREFORE, Crown Holdings and Hallmark hereby agree as follows:
The term of the License Agreement shall be extended for an additional period terminating on January 1, 2009, subject to any earlier termination pursuant to the terms of the Services Agreement.
All other terms and conditions of the Services Agreement will remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Extension Agreement as of the date set forth above.
| HALLMARK CARDS, INCORPORATED | ||||
By: | /s/ BRIAN GARDNER | |||
Title: | Executive V.P. | |||
CROWN MEDIA HOLDINGS. INC. | ||||
By: | /s/ CHARLES STANFORD | |||
Title: | EVP, Legal & Business Affairs & General Counsel | |||
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