Document:

Amendment No. 1, dated as of July 8, 2005, to the Series 1998-4 Supplement

 Exhibit 10.3 
  

  
  
 AMENDMENT NO. 1 
 Dated as of July 8, 2005

  
 TO 
  
 SERIES 1998-4 SUPPLEMENT 
 Dated as of July 28, 1998 
  
 TO 
  
 THIRD AMENDED AND RESTATED 
 POOLING AND SERVICING AGREEMENT 
 Dated as of November 15, 1999 
  

  
 CHASE BANK USA, NATIONAL ASSOCIATION 
 Transferor and Servicer 
  
 and 
  
 THE BANK OF NEW YORK 
 Trustee 
  
 on behalf of the Series 1998-4 Certificateholders 
  

  
 CHASE CREDIT CARD MASTER TRUST 
 SERIES 1998-4 
  

 AMENDMENT NO. 1, dated as of July 8, 2005 (this “Amendment”) to SERIES 1998-4 SUPPLEMENT, dated
as of July 28, 1998, by and between CHASE BANK USA, NATIONAL ASSOCIATION (“Chase USA”), as transferor and servicer (in such capacities, the “Transferor” and the “Servicer,” respectively) and THE BANK OF NEW YORK, as
trustee (“BONY” or the “Trustee”). 
  
 WHEREAS, Chase USA and the Trustee are parties to (i) the Pooling and Servicing Agreement, dated as of October 19, 1995 (the “Original Pooling and Servicing Agreement”), (ii) the Amended and Restated Pooling and Servicing
Agreement, dated as of June 1, 1996 (the “Amended Pooling and Servicing Agreement,” which amended and restated the Original Pooling and Servicing Agreement in its entirety); (iii) the Second Amended and Restated Pooling and Servicing
Agreement, dated as of September 1, 1996 (the “Second Amended and Restated Pooling and Servicing Agreement,” which amended and restated the Amended and Restated Pooling and Servicing Agreement in its entirety); and (iv) the Third Amended
and Restated Pooling and Servicing Agreement, dated as of November 15, 1999 (the “Third Amended and Restated Pooling and Servicing Agreement,” which amended and restated the Second Amended and Restated Pooling and Servicing Agreement in
its entirety, as amended by the First Amendment thereto, dated as of March 31, 2001, the Second Amendment thereto, dated as of March 1, 2002, the Third Amendment thereto, dated July 15, 2004, and the Fourth Amendment thereto, dated October 15, 2004,
and as the same may be further amended, supplemented or otherwise modified (including by any Series Supplement) and in effect from time to time, the “Pooling and Servicing Agreement”); 
  
 WHEREAS, Chase USA and the Trustee have heretofore executed and delivered the
Series 1998-4 Supplement, dated as of July 28, 1998 (the “Series 1998-4 Supplement”), to the Pooling and Servicing Agreement for the issuance by the Chase Credit Card Master Trust (the “Trust”) of the Floating Rate Asset Backed
Certificates, Series 1998-4 (the “Series 1998-4 Certificates”); 
  
 WHEREAS, Section 13.1(b) of the Pooling and Servicing Agreement provides that Chase USA, as the Transferor and the Servicer, and the Trustee, without the consent of the Series 1998-4 Certificateholders, may amend the
Series 1998-4 Supplement from time to time so long as the Trustee shall have received (i) an Officer’s Certificate from the Servicer to the effect that such amendment will not materially and adversely affect the interests of any
Certificateholder and will not significantly change the Permitted Activities of the Trust, (ii) a Tax Opinion and (iii) a written notification from each Rating Agency then rating the Investor Certificates that such action will satisfy the Rating
Agency Condition; and 
  
 WHEREAS, all conditions precedent to the
execution of this Amendment have been complied with; 
  
 NOW,
THEREFORE, the Transferor, the Servicer and the Trustee are executing and delivering this Amendment in order to amend the Series 1998-4 Supplement in the following manner. 
  

 2 

 Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and
Servicing Agreement as supplemented by the Series 1998-4 Supplement. 
  
 SECTION 1 Amendment to Section 2. Section 2 of the Series 1998-4 Supplement shall be amended as set forth below: 
  
 (i) the defined term “Finance Charge Shortfall” shall be amended by deleting the defined term in its entirety and substituting therefor the
following definition: 
  
 ““Finance
Charge Shortfall” shall mean, with respect to any Transfer Date, the excess, if any, of the amount distributable pursuant to the subsections 4.11(a) through (j) over Excess Spread.” 
  
 SECTION 2 Pooling and Servicing Agreement in Full Force and Effect as
Amended. Except as specifically amended hereby, all of the terms and conditions of the Pooling and Servicing Agreement and the Series 1998-4 Supplement shall remain in full force and effect. All references to the Pooling and Servicing Agreement
and the Series 1998-4 Supplement in any other document or instrument shall be deemed to mean such Pooling and Servicing Agreement and the Series 1998-4 Supplement as amended by this Amendment. This Amendment shall not constitute a novation of the
Pooling and Servicing Agreement or the Series 1998-4 Supplement, but shall constitute an amendment thereof. The parties hereto agree to be bound by the terms and obligations of the Pooling and Servicing Agreement and the Series 1998-4 Supplement, as
amended by this Amendment, as though the terms and obligations of the Pooling and Servicing Agreement and the Series 1998-4 Supplement were set forth herein. 
  
 SECTION 3 No Waiver. The execution and delivery of this Amendment shall not constitute a waiver of a past default under the Pooling and Servicing
Agreement or the Series 1998-4 Supplement or impair any right consequent thereon. 
  
 SECTION 4 Counterparts. This Amendment may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and all of which counterparts shall constitute
one and the same instrument. 
  
 SECTION 5 GOVERNING LAW.
THIS AMENDMENT AND THE RIGHTS AND DUTIES OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS,
RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  
 SECTION 6 Effective Date. This Amendment shall become effective as of the day and year first above written. 
  

 3 

 IN WITNESS WHEREOF, the Transferor, the Servicer and the Trustee have caused this Amendment to be duly
executed by their respective officers as of the day and year first above written. 
  

			
	CHASE USA BANK, NATIONAL ASSOCIATION,
	as Transferor and Servicer
		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	THE BANK OF NEW YORK,
	as Trustee
		
	By:	 	 /s/ Ryan Bittner

	Name:	 	Ryan Bittner
	Title:	 	Assistant TreasurerDistribution Agreement dated May 13,2005

 EXHIBIT 10.22 
  
 

 
  
 May 13, 2005 
  
 Mad Catz Interactive, Inc. 
 Darren Richardson 
 President-CEO 
 7480 Mission Valley Road, Suite 101

 San Diego, California, 92108 
  
  
 Dear Darren: 
  

This binding agreement specifies the terms under which Mad Catz Interactive, Inc. (Mad Catz) will acquire exclusive rights from Mastiff, LLC (Mastiff) to distribute Pump It
Up: Exceed in the US, Mexico and Canada. 
  
 The Products: 
  
 This agreement pertains to the products listed below (The Products) 
  

					
	 Product
	 	            Format
	Pump It Up: Exceed	  	Software Only –	 	Playstation 2
	Pump It Up: Exceed	  	Software Only	 	X-Box
	Pump It Up: Exceed	  	Software and Mat Bundle	 	Playstation 2
	Pump It Up: Exceed	  	Software and Mat Bundle	 	X-Box
	Pump It Up licensed Mats	 	X-Box and/or Playstation 2

  
 Term: 
  
 Twelve (12) months from first ship by Mastiff to Mad Catz automatically extending for
another six (6) months if total orders to Mastiff from Mad Catz for The Products, excepting Pump It Up licensed, Mats exceed [***] units.  
  

Price and Minimum Order 
  
 Prices for The Products will be as follows 
  

			
	 Title
	 	Price                

 CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR
CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION 

			
	 Pump It Up: Exceed Mat + Software Bundle (any format)
	 	        [***]
	 Pump It Up: Exceed Software Only (any format)
	 	        [***]
	 Pump it Up licensed mats
	 	[***] of wholesale

  
 Mad Catz shall place a Purchase Order with
Mastiff within [***] working days of signing this agreement for a total of no less than [***] [***] units of any of The Products, of which at least [***] units must be in the X-Box format. X-box format units may either be
bundled or software only units. Excluded from this [***] unit minimum order are Pump It Up licensed mats. All orders must be in units divisible by twelve (12). 
  
 It is understood by all parties that Mad Catz may purchase a reasonable number of Pump It Up licensed mats from Honey Bee Electronic
International Ltd. of Hong Kong for release at the same time as initial shipment of The Products and that Mad Catz may also release its own non-licensed compatible mats in September of 2005. 
  
 Payments: 
  

	 	•	 	Upon signing of the Agreement, Mad Catz will make an advance payment to Mastiff of [***], fully recoupable against purchases. 

	 	•	 	Upon approval for manufacturing by the hardware makers, Mad Catz will make an advance payment to mastiff equal to [***] of the Mad Catz purchase order value, fully recoupable against
purchases. 

	 	•	 	The balance of payment to Mastiff is to be made ten (10) working days after receipt of goods by Mad Catz. All payments are to be made by wire transfer. No taxes, fees, or other charges will
be withheld from payment. 

	 	•	 	Payment for all subsequent orders of the product will be made [***] Cash in Advance, [***] ten (10) working days after Receipt of Goods. 

	 	•	 	Payment for all Pump It Up licensed mats shipped within a quarter shall be made within ten (10) working days of the end of that quarter. 

	 	•	 	Shipping is FOB Mastiff Games designated shipping point. 

	 	•	 	Mad Catz will provide Mastiff with an account list detailing unit order and location.  

  
 Allowances and Returns: 
  

	 	•	 	Co-Op: Mastiff will reimburse Mad Catz for advertising and marketing expenses for up to [***] of payments received and actual spending is documented. Reimbursement will be made on a
quarterly basis. 

	 	•	 	Mark Down: Mastiff will reserve [***] of net purchases for markdowns (price protection) of The Products to be paid to Mad Catz on verification of the price protection event. Parties
will have quarterly reviews of sell through results and mutually agree to make any reductions in the retail selling price of the Products. 

	 	•	 	Defective Returns: On a quarterly basis Mastiff will exchange merchandise found to be defective by Mad Catz and Mastiff with new, identical merchandise. Under absolutely no circumstances,
except those listed below under Catastrophic Manufacturing Failure, will Mastiff be required to refund to Mad Catz any monies received for merchandise found to be defective. 

  
 [*] CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE
OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

	 	•	 	Catastrophic Manufacturing Failure: Should [***] or more of merchandise be found to be defective by Mad Catz and Mastiff then Mastiff will fully refund the purchase price actually paid
to Mastiff by Mad Catz for such defective merchandise. 

	 	•	 	Mastiff is free to resell or otherwise dispose of any merchandise returned to it as defective through any channel it may choose, except that Mastiff shall not sell such defective Products to
Mad Catz’ customers who have previously purchased the Products without first obtaining Mad Catz written permission. It will, however, give Mad Catz rights of first refusal to purchase returned software for resale as used.

  
 Territory and Exclusivity 
  

	 	•	 	Mastiff grants Mad Catz exclusive rights to distribute The Products in the US, Canada, and Mexico during the term of this agreement. These rights are granted exclusively to Mad Catz, except
as noted above under Allowances And Returns with regard to returned software. 

  
 Mastiff Obligations: 
  

	 	1.	Conduct a PR campaign to raise awareness of and interest in The Products 

	 	2.	Fund an advertising campaign of at least [***]. Mastiff shall provide proof of performance. 

	 	3.	Provide sales tools including a package and sell sheet 

	 	4.	Allow Mad Catz a reasonable opportunity to participate in the creative process to the extent that the key art (title graphics, illustrations, and images) will be used for the corresponding
dance mat packaging to be sold by Mad Catz. 

	 	5.	Make a commercially reasonable effort to ship The Products for retail sales in August 2005. 

  
 Mad Catz Obligations: 
  

	 	1.	Actively promote sales of The Products to the accounts with such tools as sales calls, personal visits, product demonstrations and presentations. 

	 	2.	Allow Mastiff representative to attend key account sales presentations to promote the Pump It Up brand. 

	 	3.	Maintain an up-to-date mailing list of current and prospective accounts in the Territory and supply it to Mastiff on a monthly basis if requested. 

	 	4.	Supply Mastiff with information including call reports, forecasts and other reports and data, as well as weekly warehouse inventory of Mad Catz and sell through of Mastiff’s products by
Mad Catz’s accounts, upon request by Mastiff, and keep Mastiff informed as to acceptance of the Products in the Territory. 

  
 [*] CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED
SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 Section X.    REPS AND WARRANTIES 
  
 Mastiff represents and warrants that all the Products shall (i) conform strictly to its specifications; (ii) be free from material defects in design,
material, and workmanship when used for their proper and intended purposes; and (iii) that the Products are free from all liens, encumbrances, and other claims against title, as of the date this Agreement is executed and that Mastiff will never
voluntarily give a lien, encumbrance or other claim against title. In the event an involuntary claim against title arises, Mastiff will immediately notify Mad Catz and use it best efforts to remove such lien and minimize any harm of disruption to
Mad Catz’ business. Andamiro Company Limited has licensed certain intellectual property contained the Products to Mastiff, which license should not effect the terms of this Agreement 
  
 Mastiff hereby represents and warrants that all of the Products sold hereunder by it to Mad Catz, its successors or assigns, are and will be free and
clear of infringement of any valid patent or trademark; and Mastiff agrees to defend any and all actions and suits, alleging any such infringement, that may at any time be brought against Distributor, or its successors or assigns, or any of its or
their customers, to pay all costs and expenses incurred and to satisfy all judgments and decrees against the defendant or defendants in such actions or suits, and to save Mad Catz, its successors and assigns, and its and their customers, harmless
from all loss, damage, expense and liability on account of any such infringement. 
  
 Section X.    INSURANCE 
  
 Mastiff shall furnish Mad Catz with
a Certificate of Insurance, evidencing Product Liability Coverage with protection extending in at least 2 Million dollars per occurrence. Mad Catz shall be a named insurer on said policy. Such insurance shall cover all Products sold by Mastiff to
Mad Catz and shall be maintained for a period of two years after the expiration or termination of this Agreement. 
  
 Section X.    INDEMNITY 
  
 Mastiff shall defend and indemnify Mad Catz and shall hold Mad Catz harmless against all claims, losses, liabilities, damages, expenses and costs, including, without limitation,
any and all fees for attorneys, expert witnesses and litigation costs, and including costs incurred in the settlement or avoidance of any such claim which result from or arise out of any claim or challenge to the packaging, trademarks, or other
intellectual property of the Products. 
  
 Section X.    ADVERTISING,
PROMOTIONS, TRADEMARKS AND COPYRIGHTED MATERIAL 
  
 X.1    Mastiff agrees to provide sample quantities of current or new sales literature, artwork, advertising materials, promotional plans and other information or programs reasonably related to this Agreement. 

 
 X.2    Mastiff will provide Mad Catz with appropriate marketing
materials. 
  
 [*] CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED
FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

 X.3    Mastiff hereby grants Mad Catz a revocable license to reproduce materials provided to
Mad Catz by Mastiff as is reasonable for promotion, demonstration, sale and support of the Products, including but not limited to posting such materials on the Internet, Intranet, or Web, with prior approval from Mastiff. 
  
 Section X.    ASSIGNMENT 
  
 Mad Catz shall have the right, at its election, to assign any of its rights or delegate its obligations
hereunder, in whole or in part. 
  
  
  
  
 IN WITNESS WHEREOF, it is hereby expressly understood and agreed that
this Agreement is a legally binding contract between the parties and that each of the parties hereto has caused this Agreement to be executed by its duly authorized representative as of the Effective Date. 
  
  

			
	Mad Catz Interactive, Incorporated

			
		
	By:	 	  

			
	Name:	 	  

			
	Title:	 	  

			
	Date:	 	  

  
  
  

			
	
	Mastiff, LLC.

			
		
	By:	 	  

			
	Name:	 	  

			
	Title:	 	  

			
	Date:

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