Amendment to Distribution Agreement between Time/Warner Retail Sales & Marketing Inc. and Playboy Enterprises, Inc. (December 12, 2005)

Summary

This amendment, dated December 12, 2005, updates the distribution agreement between Time/Warner Retail Sales & Marketing Inc. and Playboy Enterprises, Inc. It changes the contract term to run from the February 2004 issue's on-sale date to the March 2006 issue's off-sale date for Playboy magazine, unless ended earlier as specified. All other terms of the original agreement remain unchanged.

EX-10.2C 2 d67305_ex10-2c.txt AMENDMENT DATED DECEMBER 12, 2005 EXHIBIT 10.2C [LOGO] Time/Warner RETAIL SALES & MARKETING A TimeWarner Company AMENDMENT This Amendment, dated December 12, 2005, shall confirm the understanding between Time/Warner Retail Sales & Marketing Inc. (formerly known as Warner Publisher Services Inc.), a New York corporation ("Warner"), and Playboy Enterprises, Inc., a Delaware corporation ("Publisher"), that the distribution agreement between Warner and Publisher dated May 4, 2004 (the "Agreement") is hereby amended as follows: Sub-Paragraph 1(m): "Term" Clause 1(m)(i) of the Agreement shall be deleted in its entirety and replaced with the following; ""Term" shall mean the period commencing with the On-Sale Date of the February 2004 issue of "Playboy" magazine and terminating on the Off-Sale Date of the March 2006 issue of "Playboy" magazine, unless earlier terminated as hereinafter provided." All other terms and conditions shall remain as stated in the Agreement. AGREED & ACCEPTED: TIME/WARNER RETAIL SALES & MARKETING INC. By: /s/ Robert J. Bedor ---------------------------- PLAYBOY ENTERPRISES, INC. By: /s/ Larry Djerf ----------------------------