Document:

Second Amendment to Agreement for Strategic Alliance

 Exhibit 10.26 
  
 SECOND AMENDMENT TO AGREEMENT FOR STRATEGIC ALLIANCE 
  
 This Second Amendment is entered into on July 28, 2004 by and between 
  
 MIDAS INTERNATIONAL CORPORATION, 1300 Arlington Heights Road, Itasca, Illinois 60143 hereby represented by Alan D. Feldman, President
and Chief Executive Officer (hereinafter “Midas”) 
  
 and 
  
 MAGNETI MARELLI SERVICES S.p.A. Viale A Borletti 61/63 20011 Corbetta (Italy) hereby
represented by Carlo Bondone, Director and Special Attorney (hereinafter “Marelli”) 
  
 WHEREAS: 
  

	A.	The parties have signed (or are the successors to the original party of) the Agreement for Strategic Alliance dated October 1, 1998 (“Original Agreement”) and a License
Agreement dated October 30, 1998 (“License Agreement”). 

  

	B.	The parties agreed to amend the Original Agreement and the License Agreement pursuant to an Amendment to Agreement for Strategic Alliance and License Agreement dated March 14, 2003
(“2003 Amendment”). The Original Agreement, as amended by the 2003 Amendment, shall be referred to herein as the “Agreement”. 

  

	C.	The parties have recently agreed on the additional modifications to the Agreement set forth herein. 

  
 NOW THEREFORE IT IS AGREED AS FOLLOWS 
  

	1.	Capitalized terms not otherwise defined herein shall have the meanings contained in the Agreement and License Agreement, as applicable. 

  

	2.	Section II (The Strategic Alliance and Cooperation), 6 (Supplies), of the Agreement is hereby deleted in its entirety and replaced with the following: 

  

	 	“6.	Intentionally Omitted.” 

  

	3.	Section II (The Strategic Alliance and Cooperation), 7 (Distribution), of the Agreement is hereby deleted in its entirety and replaced with the following: 

 

	 	“7.	Intentionally Omitted.” 

  

	4.	 Section 5 of the 2003 Amendment provides that Marelli’s exclusive right to exploit the Midas System in each of the New Countries identified on Attachment B
thereto is subject to Marelli submitting to Midas, on or before April 30, 2003, a Shop Development Plan reasonably acceptable to Midas, which sets forth the number of new Midas Shops to be opened in each of the New Countries and the timeline for
such openings, and meeting such development requirements in accordance with the 

  

	 	 
schedule set forth thereon. In lieu of such requirement, the parties now agree that the above-described exclusive rights shall instead be subject to the
parties’ mutual review, on an annual basis, of the following plans to be prepared by Marelli and submitted to Midas: (a) a Shop Development Plan which sets forth the number of new Midas Shops to be opened in one or more of the Territories
and/or New Countries by Marelli (or Midas, as applicable) during the immediately following year, and (b) a New Countries Development Plan, which identifies Marelli’s intentions and priorities with respect to introducing the Midas System in New
Countries during the immediately following five (5) year period, including a general timeline for such development. 

  

	5.	Article II of the Agreement is hereby amended by adding the following as a new Section 9 thereto: 

  

	 	“9.	Re-Branding of Midas Shops 

  

	 	9.1	Marelli understands and agrees that it shall not be entitled to Re-Brand a Midas Shop (as defined below) in any one or more of the Territories and New Countries at any time or for
any reason. For purposes of this Agreement, “Re-Brand a Midas Shop” shall mean any decision or action by Marelli to convert, or to allow any franchisee to convert, any one or more then existing Midas Shops to any non-Midas automotive
repair facility (a) which competes with the Midas System in any manner whatsoever and (b) in which Marelli has any direct or indirect financial interest or from which Marelli is to receive any ongoing economic benefit (an “Affiliated
Competitor”). The foregoing shall also include any decision or action by Marelli to close any one or more Midas Shops with the intention of converting such shops to an Affiliated Competitor. For the avoidance of doubt, it is specified that, as
far as franchisees are concerned, notwithstanding the above provisions and in accordance with the applicable laws, Marelli will not have the right to prevent any franchisee to convert its shop after a period of one year starting from the date of
termination of its franchise agreement with Marelli. 

  

	 	9.2	In the event of any breach by Marelli of Section 9.1 above, unless consented to by Midas (which consent shall not be unreasonably withheld), Midas shall be entitled, in addition to
all other rights and remedies that may be available to it at law, in equity or by contract, to immediately receive from Marelli, as liquidated damages, an amount equal to US $100,000 for each Midas Shop re-branded to an Affiliated Competitor in
violation of this Section 9.” 

  

	6.	All other terms and conditions of the Agreement and of the License Agreement not expressly modified by this Second Amendment shall remain unchanged and continue in full force and
effect. 

  
 [Signature Page Follows] 
  

 2 

 Executed in Chicago, Illinois, U.S.A, on July 28, 2004. 
  

					
	MIDAS INTERNATIONAL CORPORATION	 	 	 	MAGNETI MARELLI SERVICES S.p.A.
			
	  	 	 	 	  
	 Alan D. Feldman
 President and Chief Executive Officer
	 	 	 	 Carlo Bondone
 Director and Special Attorney

  

 3Third Amendment to Agreement For Strategic Alliance

 Exhibit 10.27 
  
 THIRD AMENDMENT TO AGREEMENT FOR 
 STRATEGIC ALLIANCE 
  
 This
Third Amendment (the “Amendment”) to the Agreement for Strategic Alliance by and between Midas International Corporation, a Delaware corporation (“Midas”) and Magneti Marelli Services S.p.A., an entity organized under the laws of
Italy (“MMS”), dated as of October 1, 1998, as amended (the “Agreement”), is entered into on September     , 2004 by and between Midas and MMS. 
  
 WHEREAS, Midas and MMS are parties to the Agreement and a License Agreement,
dated October 30, 1998, as amended (the “License Agreement”); and 
  
 WHEREAS, Norauto S.A., an entity organized under the laws of France, (“Norauto”) and Magneti Marelli Holding S.p.A., an entity organized under the laws of Italy (“MMH”) have entered into a Share
Purchase Agreement, dated as of July 29, 2004, whereby Norauto has purchased all the outstanding shares of MMS (the “Transaction”); and 
  
 WHEREAS, MMS and Midas, pursuant to Article IV, Section 7 of the Agreement, desire to amend the Agreement by entering into this Amendment. 
  
 Capitalized terms used in this Amendment and not otherwise defined herein
shall have the meanings set forth in the Agreement or the License Agreement. 
  
 NOW, THEREFORE, in consideration of the premises and mutual covenants of the parties set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows: 
  
 1. Article IV, Section 4 is hereby
deleted in its entirety and replaced with the following: 
  
 “4. Right to Assign. The parties hereto agree that, except as provided below, MARELLI shall have no right to assign this Agreement, in whole or in part, including any rights and claims arising hereunder,
without the consent of MIDAS, which consent shall not be unreasonably withheld, delayed or conditioned. Without limiting the generality of the foregoing, the parties hereto agree that any sale of fifty (50%) or more of the shares of MARELLI or any
permitted affiliated or unaffiliated successor of MARELLI under this Agreement (including any additional future shares distributed by MARELLI or any securities received by MARELLI’s shareholders or MARELLI in exchange for the shares of MARELLI,
including shares distributed from a legal successor of MARELLI) (collectively, the “MARELLI Shares”) by Norauto or any permitted affiliated or unaffiliated successor of Norauto to the MARELLI Shares, in a single transaction or series of
related transactions, to a third party not owned or either directly or indirectly controlled by, or in common control with, Norauto or any permitted affiliated or unaffiliated successor of Norauto to the MARELLI Shares, shall constitute an
“assignment” for purposes of this Article IV, Section 4. Subject to the foregoing, MARELLI shall have the right to assign this Agreement, in whole or in part, including 

  

 
any rights and claims arising hereunder, without relief of its obligations to any majority owned subsidiary of Norauto, and Midas hereby consents to such
assignment.” 
  
 2. References. The parties agree that
all references to “Fiat” or “Fiat SpA” contained in the Agreement, including without limitation, those references contained in Article II, Section 4; and Article II, Section 5.5, are respectively replaced by the reference to
“Norauto S.A.” 
  
 3. Condition Precedent. This
Amendment shall be effective upon the closing of the Transaction; provided, that this Amendment shall be null and void if the closing of the Transaction does not occur on or before December 31, 2004. 
  
 4. Other Terms. All other terms and conditions of the Agreement and of
the License Agreement not expressly modified by this Amendment shall remain unchanged and continue in full force and effect. 
  
 5. Counterparts. This Amendment may be executed in any number of counterparts, and each such counterpart shall be deemed to be an original
instrument, but all such counterparts together shall constitute a single agreement. 
  
 [signatures appear on the following page] 
  

 -2- 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective
officers or representatives thereunto duly authorized, as of the date first above written. 
  

					
	MIDAS INTERNATIONAL CORPORATION
		
	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

					
	MAGNETI MARELLI SERVICES S.P.A.
		
	By:	 	 
	 	 	 Name:
	 	 
	 	 	 Title:
	 	 

  

 -3-

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