Second Amendment to Supply Agreement among Midas International Corporation, Part Warehouse, Inc., and AutoZone Parts, Inc. (June 10, 2004)
This amendment updates the Supply Agreement between Midas International Corporation, Part Warehouse, Inc., and AutoZone Parts, Inc. It establishes a program running from June 20, 2004, to July 31, 2004, where AutoZone will pay credits to Midas Shops for returning certain box tops from products purchased during that period. Credits are only available for eligible returns within the specified dates, and all other terms of the original agreement remain unchanged.
Exhibit 10.38
SECOND AMENDMENT TO SUPPLY AGREEMENT
This is the Second Amendment to the Supply Agreement dated as of April 2, 2003, among Midas International Corporation, a Delaware corporation (MIC), Part Warehouse, Inc., a Delaware corporation (PWI) (collectively Midas), and AutoZone Parts, Inc., a Nevada corporation, successor by assignment to AutoZone, Inc. (AutoZone) (the Agreement), and shall be effective as of the 10th day of June, 2004.
For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1. | Beginning June 20, 2004, through July 31, 2004, AutoZone agrees to pay each Midas Shop [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION] for every [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION] box top for [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION] returned to the AutoZone retail location which services the Midas Shops commercial account. No credits will be given for box tops returned either before June 20, 2004, or after July 31, 2004. All box tops must be from [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION] purchased from AutoZone between June 20, 2004, through July 31, 2004. |
2. | AutoZone shall ensure that the earned credits will be paid [CONFIDENTIAL PORTION OMITTED AND FILED SEPARATELY WITH THE COMMISSION] to each participating Midas Shop by the AutoZone retail location which services the Midas Shops commercial account. |
3. | Other than as amended by this Amendment, the other terms of the Agreement shall remain in full force and effect. |
IN WITNESS WHEREOF, the parties have executed this Amendment to the Agreement.
AUTOZONE PARTS, INC. | MIDAS INTERNATIONAL CORPORATION | |||||||
By: | By: | |||||||
Name: | Name: | |||||||
Title: | Title: | |||||||
Date: | Date: | |||||||
PARTS WAREHOUSE, INC. | ||||||||
By: | By: | |||||||
Name: | Name: | |||||||
Title: | Title: | |||||||
Date: | Date: |