Document:

Second Amendment to Agreement of Strategic Alliance

 Exhibit 10.45 
 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.
			
	/s/ Alan D. Feldman	 		 	  
	Alan D. Feldman	 		 	Carlo Bondone
	President and Chief Executive Officer	 		 	Director and Special Attorney

  

 3Third Amendment to Agreement for Strategic Alliance

 Exhibit 10.46 
 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:	 	/s/ Alan D. Feldman
		 	    Name:	 	Alan D. Feldman
		 	    Title:	 	Pres. & CEO
	
	MAGNETI MARELLI SERVICES S.P.A.
		
	By:	 	 
		 	    Name:	 	 
		 	    Title:	 	 

  

 -3-Agreement between Midas International Corporation and Norauto S.A.

 Exhibit 10.47 
 AGREEMENT 
 This Agreement (the “Agreement”)
by and between Midas International Corporation, a Delaware corporation (“Midas”) and Norauto S.A., an entity organized under the laws of France, (“Norauto”), is entered into on September __, 2004 by and between Midas and Norauto.

 WHEREAS, Midas and Magneti Marelli Services S.p.A., an entity organized under the laws of Italy (“MMS”) are parties
to an Agreement for Strategic Alliance by and between Midas and MMS, dated as of October 1, 1998, as amended (the “Strategic Agreement”), and a License Agreement, dated October 30, 1998, as amended (the “License
Agreement”); and 
 WHEREAS, 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, Norauto and Midas desire to enter into this Agreement to formalize certain understandings and agreements set forth in the letter to
MMH and Norauto from Midas, dated July 28, 2004 (the “Letter”). 
 Capitalized terms used in this Amendment and
not otherwise defined herein shall have the meanings set forth in the Strategic 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. Midas Waiver. Midas acknowledges that it has received and is satisfied with the Audited Financials (as such term is defined in the
Letter) and any consent regarding the Transaction which may be required from Midas under the Strategic Agreement and the License Agreement, is hereby granted. Midas hereby irrevocably waives any and all rights of first refusal it may have pursuant
to Article II, Section 5.5 of the Strategic Agreement, as such rights may relate to the Transaction. The consent and waiver provided by Midas in this paragraph shall be null and void if the Transaction does not close on or before
December 31, 2004. 
 2. Guaranty. Norauto hereby guarantees and agrees to be jointly and severally liable with MMS
to Midas for the payment of the shop opening fees and royalty payments owing by MMS to Midas under the Strategic Agreement and the License Agreement. If MMS shall fail to pay the shop opening fees and royalty payments, if and when due, then Norauto
shall pay the shop opening fees and royalty payments pursuant to the terms of the Strategic Agreement and the License Agreement, as the case may be. Midas may assign the guaranty obligation of Norauto under this paragraph if: (a) the guaranty
obligation is transferred along with the Strategic Agreement and (b) Midas assigns the guaranty obligation to a subsidiary, which subsidiary is at least fifty percent (50%) owned by Midas. In the event that after such assignment by Midas
to a subsidiary that is at least fifty percent (50%) owned by Midas, Midas no longer owns at least fifty percent (50%) of such subsidiary, the guaranty obligation of Norauto under this paragraph shall terminate and be of no further force
or effect. 

 3. Midas Right of First Refusal. 
 a. In the event that (i) Norauto or (ii) an entity which owns the MMS Shares (as defined below)
that is either directly or indirectly owned by Norauto proposes to (A) effect any sale of fifty (50%) or more of the shares of MMS (including any additional future shares distributed by MMS or any securities received by MMS’
shareholders or MMS in exchange for the shares of MMS, including shares distributed from a legal successor of MMS) (the “MMS Shares”) or (B) sell at least fifty percent (50%) of the entity that owns the MMS Shares, which entity
is either directly or indirectly owned by Norauto, 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 (a “Share
Transfer”), Norauto shall deliver to Midas a written notice (attention: President and CEO with a copy to the General Counsel) (the “Transfer Notice”) of the Share Transfer, which Transfer Notice shall include (i) the price and
the other relevant financial conditions, (ii) the terms and conditions of Share Transfer, (iii) the name of the intended purchaser of the MMS Shares (the “Proposed Transferee”) and (iv) the form of purchase agreement setting
forth the terms and conditions of the proposed transaction to be used to purchase the MMS Shares (the “Purchase Agreement”). The rights set forth in this paragraph 3 shall be exercised by Midas, if at all, by written notice to Norauto
(attention: President du Directoire with a copy to the President of the Supervisory Board) (the “Exercise Notice”) delivered not later than sixty (60) calendar days after the receipt by Midas of the Transfer Notice in accordance with
the terms and conditions stated therein. Together with the Exercise Notice, Midas shall deliver an executed Purchase Agreement. The right of Midas to deliver an Exercise Notice together with an executed Purchase Agreement shall expire at the end of
the 60th calendar day after the date of the delivery to
Midas of the Transfer Notice. In the event Midas elects to deliver an Exercise Notice together with an executed Purchase Agreement, the purchase of the MMS Shares by Midas shall be subject to necessary regulatory approvals and such other conditions
as may be set forth in the Purchase Agreement. For purposes of this Agreement, the term “MMS Shares” includes the shares of any successor of MMS permitted under Article IV, Section 4 of the Strategic Agreement, which successor is
majority owned by Norauto. 
 b. In the event that (i) Midas does not deliver an Exercise Notice together
with an executed Purchase Agreement within sixty (60) calendar days after its receipt of the Transfer Notice or (ii) Midas does deliver an Exercise Notice together with an executed Purchase Agreement within sixty (60) calendar days
after its receipt of the Transfer Notice but the closing of the sale of the MMS Shares to Midas does not occur for any reason whatsoever (other than through a material fault or action of Norauto) by the later of (A) four (4) months after
the date of the Exercise Notice and (B) any closing date that may be set forth in the Purchase Agreement, Norauto may, without prejudice to any possible rights or remedies that Norauto may have under applicable law, consummate a Share Transfer
to the Proposed Transferee upon the terms and conditions set forth in the Transfer Notice and the Purchase Agreement. 
 c. In the event that (i) Midas does not deliver an Exercise Notice together with an executed Purchase Agreement but a Share Transfer to the Proposed Transferee does not occur on substantially the same terms and conditions as set forth
in the Purchase Agreement within six (6) months after the date of the Transfer Notice or (ii) Midas delivers an Exercise Notice together with an executed Purchase Agreement but (a) the closing of the sale of the MMS Shares to Midas
does not occur within

  

 -2- 

 
the applicable time period specified in paragraph b. (ii) above, and (b) a closing of the sale of the MMS Shares to the Proposed Transferee does not occur on substantially the same
terms and conditions as set forth in the Purchase Agreement within ten (10) months after the date of the Transfer Notice, Midas’ rights under this paragraph 3 shall again become effective and the procedures set forth in this paragraph 3
shall be applicable to any future Share Transfer whether to the Proposed Transferee or otherwise. 
 d. The
parties agree that the rights contained in this paragraph 3 shall apply only to Norauto and any directly or indirectly owned entity of Norauto that owns the MMS Shares, and the rights of Midas under this paragraph 3 shall terminate following the
completion of the Share Transfer by Norauto or any directly or indirectly owned entity of Norauto that owns the MMS Shares to the Proposed Transferee. 
 e. The rights contained in this paragraph 3 are in addition to, and do not amend or replace, the rights contained in Article II, Section 5.5 of the Strategic Agreement as such rights relate to
Midas’ right to acquire the assets and rights relevant to the Midas System in any particular country where Norauto or MMS choose to no longer operate the Midas System, other than through a majority owned affiliate of Norauto. 
 4. Non-Competition Restrictions. For the avoidance of doubt, Midas agrees that the non-competition restrictions contained in Article
II, Section 8 of the Strategic Agreement will not prevent Norauto from freely continuing to own, operate and develop Norauto’s retail, maintenance and service businesses, including, without limitation, any franchising arrangements, which
Norauto now or hereafter operates under its existing and future trademarks. 
 5. MMS Compliance. Midas hereby confirms,
to its knowledge, that MMS was, until the date of the Letter, in compliance with the Strategic Agreement and the License Agreement. 
 6. Condition Precedent. This Agreement shall be effective upon the closing of the Transaction; provided, that this Agreement shall be null and void if the closing of the Transaction does not occur on or before December 31, 2004.

 7. Counterparts. This Agreement 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 (he following page] 
  

 -3- 

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

					
	MIDAS INTERNATIONAL CORPORATION
		
	By:	 	/s/ Alan D. Feldman
		 	    Name:	 	Alan D. Feldman
		 	    Title:	 	Pres. & CEO
	
	NORAUTO S.A.
		
	By:	 	 
		 	    Name:	 	 
		 	    Title:	 	 

  

 -4-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00165-of-00352.parquet"}]]