Document:

Exhibit 10.2

 

AMENDMENT
ONE TO

 

THE CHUBB
CORPORATION LONG TERM INCENTIVE PLAN (2004)

 

RESTRICTED
STOCK AGREEMENT

 

The
Chubb Corporation Long Term Incentive Plan (2004) Restricted Stock Agreement
(the “Agreement”) is hereby amended, effective as of September 8, 2005, as
follows:

 

Section 6.
of the Agreement is hereby amended and restated in its entirety to read as
follows:

 

6.                                      Settlement of Restricted
Stock Units.  Subject to the provisions of Section 4
and this Section 6, the Corporation shall deliver to the Participant (or,
if applicable, the Participant’s Designated Beneficiary or legal
representative) that number of shares of Stock as is equal to the number of
Restricted Stock Units covered by the Award that have become vested and
nonforfeitable as soon as administratively practicable after the earlier of (i) the
Vesting Date or (ii) a qualifying Termination of Employment, but in no
event later than 2 1⁄2 months after the end of the calendar year in which the
event described in clause (i) or (ii) occurred; provided, however,
that if the Participant is (or is reasonably expected to be) a “covered
employee” within the meaning of Section 162(m) of the Code for the
calendar year in which delivery of such Stock would ordinarily be made, the
Corporation shall delay delivery of all of such shares of Stock to such
Participant until the Participant’s termination of employment with the
Corporation and all members of the controlled group of entities of which the
Corporation is a member.  Such Stock
shall be delivered to such Participant or (if the Participant has elected
payment in a form other than a lump sum) commence to be delivered to such
Participant as soon as administratively practicable after the date which is six
months after the date of such termination of employment.  Subject to the immediately preceding two
sentences, the Participant may, by election filed with the Corporation under
its Key Employee Deferred Compensation Plan (2005) (or any successor plan or
program), and on a form acceptable to the Committee, not later than December 31
of the calendar year before the calendar year of the Grant Date and subject to
such terms and conditions as the Committee may specify, elect to have shares of
Stock deliverable in respect of vested and nonforfeitable Restricted Stock
Units deferred until such later date(s) as shall be specified in such
election.  Any deferral election made for
such Restricted Stock Units after such December 31 shall be deemed void
and without force and effect.

 

All other provisions of the
Agreement shall remain unchanged and in full force and effect.

 

 

IN WITNESS WHEREOF, The Chubb Corporation has caused
this Amendment to the Agreement to be duly executed this 8 day of September,
2005.

 

 

	
   

  	
  THE CHUBB CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ W. Andrew
  Macan

  	
   

  
	
   

  	
   

  	
  Title:

  	
  Vice President, 

  
	
   

  	
   

  	
   

  	
  Corporate
  Counsel and 

  
	
   

  	
   

  	
   

  	
  SecretaryExhibit 10.1

 

Portions of this Exhibit were omitted and filed separately with
the Securities and Exchange Commission pursuant to a confidential treatment
request. Such portions are marked by a series of asterisks.

 

TRADEMARK LICENSE AGREEMENT AND OPTION TO
PURCHASE

 

Effective January 1, 2006 (the “Effective Date”), The Procter &
Gamble Company, an Ohio corporation, (hereinafter called “Licensee” together
with its Affiliates) and Prestige Brands Holdings, Inc., a corporation
organized and existing under the laws of Delaware, having its principal place
of business at 90 N Broadway, Irvington, NY 10533  (hereinafter called “Licensor” together with
its Affiliates) agree as follows:

 

ARTICLE I

BACKGROUND

 

1.1           Licensor
is the owner of the Licensed Mark, which is used by Licensor in association
with its advertising and marketing of COMET relating to household cleaning
products.

 

1.2           Licensee
desires to obtain a non-transferable, exclusive license to use Licensor’s
Licensed Mark in the Territory in connection with the manufacture, sale, and
distribution of the Products hereinafter described.

 

1.3           Licensor
is willing to grant such a non-transferable, exclusive license in the Territory
under the terms and conditions hereinafter set forth.

 

ARTICLE II

DEFINITIONS

 

Unless otherwise noted, the following terms shall have the following
meanings:

 

2.1           “Affiliate”
shall mean any corporation, or other legal entity (including joint ventures)
controlling, controlled by, or under common control with The Procter &
Gamble Company or, Prestige Brands Holding, Inc. respectively, through
stock ownership, or other equity interest, direct or indirect.

 

2.2           “Agreement”
shall mean this license agreement pertaining to the Licensed Mark and entered
into by and between Licensor and Licensee.

 

2.3           “Contract
Year” shall mean any period commencing on January 1 and ending on the
following December 31 unless otherwise noted.

 

2.4           “Field
of Use” shall mean Cleaning products.

 

2.5           “Licensed
Mark” shall mean COMET (including foreign language variations) and CHLORINOL as
shown in Exhibit A.

 

2.6           “Net
Sales” shall mean P&G’s invoice price (F.O.B. Factory), after deduction of
returns, regular trade and quantity discounts, insurance, duties and sales or
value added tax 

 

1

 

actually payable by P&G, which generally speaking means the net
sales of the brand as regularly reported in the local financial statements.

 

2.7           “Products”
shall mean all products using the Licensed Mark in the Field of Use.

 

2.8           “Quarter”
shall mean any three month period beginning on any January 1 and ending on
the next March 31, beginning on any April 1 and ending on the next June 30,
beginning on any July 1 and ending on the next September 30,
beginning on any October 1 and ending on the next December 31,
provided however that the first Quarter for the purposes of this agreement
shall begin on the Effective Date and end on the earliest of the next March 31,
June 30, September 30 or December 31.

 

2.9           “Territory”
shall mean Russia, Ukraine, Belarus, Lithuania, Estonia, Latvia, Mongolia,
Kazakhstan, Uzbekistan, Armenia, Azerbeijan, Georgia, Kyrgystan, Tadjikistan
and Turkmenistan.

 

2.10         “Trigger
Point” shall mean the annual Net Sales in the Territory from January 1,
2005 through December 31, 2005 expressed in U.S. Dollars pursuant to Section 8.5.

 

ARTICLE III

GRANT OF LICENSE

 

3.1           Licensor
grants to Licensee a non-transferable, exclusive license in the Territory, with
the right to sublicense subject to the terms and conditions of this Agreement,
as further defined in Article XV hereinafter, to manufacture, market, use,
sell and distribute Products in the Territory in any or all distribution
channels.

 

3.2           During
the Term of the License and any extension thereof Licensee shall employ
commercially reasonable efforts to commercialize the Products within the
Territory.

 

ARTICLE IV

TERM

 

4.1           This
Agreement shall be in effect from the Effective Date until December 31,
2015, unless terminated earlier pursuant to the terms of Article V (the “Term”).

 

4.2           The
Agreement shall automatically be renewed for ten more Contract Years unless
Licensee gives notice to Licensor eighteen (18) months prior to the end of the
Term that Licensee does not wish to renew this Agreement.  Each additional Contract Year shall also be
deemed to be part of the Term.

 

4.2           This
Agreement shall terminate as of the date set forth in Section 4.1 or
4.2.  After such termination of this
Agreement, or after the termination of this Agreement for any reason in
accordance with the provisions of Article V, Licensee acknowledges that,
subject to Section 5.8 of this Agreement, it has no further rights under
this Agreement or to the 

 

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Licensed Mark or the license herein granted.

 

ARTICLE V

TERMINATION

 

5.1           Notwithstanding
the other provisions of this Agreement, this Agreement shall be subject to
termination by Licensor by written notice to Licensee, at any time selected by
Licensor, following the occurrence of any one or more of the following events:

 

(i)            if
Licensee shall commit any material breach of any representation, warranty,
covenant, or agreement contained herein, and shall fail to remedy such breach
within thirty (30) days after written notice to Licensee from Licensor of such
breach; or

 

(ii)           if
Licensee ceases to do business; or

 

(iii)          if
Licensee fails to make any payments required by this Agreement on the date
required, and such failure is not cured within thirty (30) business days of the
date of notice of such failure, or

 

(iv)          if  Licensee becomes subject to any voluntary or
involuntary insolvency, cession, bankruptcy, or similar proceedings, or an
assignment for the benefit of creditors is made by the Licensee, or an
agreement between the Licensee and its creditors generally is entered into
providing for extension or composition of debt, or a receiver is appointed to
administer the assets of the Licensee, or the assets of the Licensee are
liquidated, or any distress, execution, or attachment is levied on such of its
manufacturing or other equipment as is used in the production and distribution
of the Products and remains undischarged for a period of thirty (30) days, or

 

(v)           if
Licensee fails to achieve Net Sales (expressed in local currencies) of the
Licensed Products in the Territory of 60% of the Trigger Point (expressed in
local currencies) in any Contract Year. 
In such an event, notwithstanding Section 6.5, Licensee would have
the right to use other trademarks with the Licensed Mark as part of a
transition or conversion to another trademark.

 

5.2           If
Licensee exercises its Purchase Option pursuant to Article XVII, this
Agreement shall Terminate as of the Closing (as defined in Article XVII).

 

5.3           Notwithstanding
the other provisions of this Agreement, this Agreement shall be subject to
termination by Licensee by written notice to Licensor, at any time selected by
Licensee, if Licensor shall at any time commit any material breach of any of
Licensor’s representations or warranties contained in this Agreement and such
breach is not cured within thirty (30) days after written or receives notice of
such breach from Licensee.

 

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5.4           In
the event of expiration or termination of this Agreement for any reason
whatsoever, Licensee shall execute any and all documents necessary to terminate
of record any of Licensee’s rights hereunder, which documents shall be prepared
by Licensor at its expense.

 

5.5           Termination
or expiration of this Agreement shall not relieve either party of any
obligations accruing prior to such termination or expiration, including the
obligation of Licensee to pay accrued royalties and unpaid Minimum Royalties
which had become due during the Term of Agreement and any extensions thereof.

 

5.6           Assumption
and Rejection Under U.S. Bankruptcy Code.

 

(a)           Notwithstanding
the foregoing and the provisions of Section 5.1, after any order for
relief under the Bankruptcy Code is entered against the Licensee, the Licensee
must assume or reject this Agreement within sixty (60) days after the order for
relief is entered.  If the Licensee does
not assume this Agreement within such sixty (60) day period, Licensor may, at
is sole option, terminate this Agreement immediately by giving written notice
to the Licensee, without further liability on the party of Licensor.  Licensee agrees that any payments due
Licensor under this Agreement after any order for relief under the Bankruptcy
Code is entered against the Licensee shall be entitled to treatment as
administrative expenses under Section 503 of the Bankruptcy Code, and
shall be immediately paid when due to Licensor, without the need for Licensor
to file an application or motion in the Licensee’s bankruptcy case for payment
of such administrative expenses.

 

5.7           Upon
termination of this Agreement, subject to Section 5.9 of this Agreement,
Licensee shall not use any of the written, printed, or graphic material on the
package carton or inserts for any purpose without first obtaining the written
consent of the Licensor, which consent may be withheld at Licensor’s sole
discretion.

 

5.8           In
the event of expiration or termination of this Agreement, Licensee shall
immediately discontinue use of the Licensed Mark and shall not manufacture or
import, nor sell, distribute or otherwise transfer, nor permit to be manufactured
or imported, nor sold distributed or otherwise transferred, any additional
Products, subject to Section 5.9 of this Agreement.

 

5.9           Upon
termination or expiration of this Agreement, Licensee shall deliver to Licensor
no later than thirty (30) days following expiration or termination of this
Agreement, a statement indicating the number and description of Products on
hand together with a description of all advertising and promotional materials
relating thereto. If Licensee has complied with all the terms of this
Agreement, including, but not limited to, complete and timely payment of  Royalties, and termination is not for cause,
then Licensee may continue to distribute and sell its remaining inventory, on a
non-exclusive basis only, subject to the payment of Royalties, for a period not
to exceed nine (9) months following such termination or expiration (the “Sell-Off
Period”).  Licensee may request an
extension of up to six (6) months to sell its existing inventory which
Licensor may or may not accept in its discretion.

 

4

 

5.10         If
at any time, Licensee is not properly using the mark on the Products, or on the
labels or tags, or in advertising, or if the standard of quality of the
Products does not conform to the standards set by Licensor, Licensor may give
written notice to the effect, identifying in such notice the situation to which
it objects.  Licensee shall have thirty
(30) days after receipt of such notice to notify Licensor of the means by which
Licensee intends to correct the situation to which Licensor has objected and if
Licensee fails to complete such corrective action within forty-five (45) days,
licensor may by further written notice to Licensee terminate this Agreement
forthwith, and in which event, Licensee shall immediately discontinue use of
the Licensed Mark and shall not thereafter adopt any conflicting or confusingly
similar mark or symbol for use on any goods.

 

ARTICLE VI

LICENSEE’S OBLIGATIONS

 

6.1           Licensee
shall be responsible for all costs of the manufacture and distribution of the
Products.  If the Products shall be
manufactured by a contract manufacturer, the contract manufacturer must comply
with all the obligations of Licensee pursuant to this Agreement.  Licensee 
shall be responsible for any breach of its obligations under this
Agreement, even if the breach was actually committed by a contract
manufacturer.

 

6.2           Licensee
and its contract manufacturers shall comply with all applicable laws and
regulations, including consumer protection and safety legislation, in
importation of materials, manufacture, marketing and distribution of the
Products and Licensor accepts no responsibility or liability for the
noncompliance of Licensee or its contract manufacturers with any applicable
laws and regulations.  Licensee shall be
responsible for verifying compliance by its contract manufacturers with all
applicable laws and regulations.

 

6.3           Licensee
shall produce only a high quality product in accordance with appropriate
Product specifications, Good Manufacturing Practices, and Licensee’s quality
control and assurance procedures and policies. Licensee warrants that all
Products shall meet or exceed industry standards, be free from defects, be fit
for their intended purposes, and be produced, packaged and distributed in
compliance with any and all applicable legislation and regulation including
federal, state and local laws and regulations. 
Licensee hereby guarantees that each shipment or other delivery of Products
now or hereafter made by Licensee, as of the date of such shipment or other
delivery, shall conform to the above requirements.  Licensor may conduct annual process audits
with respect to the Product at mutually agreeable times to be arranged between
the parties.

 

6.4           Neither
Licensee nor its contract manufacturers shall engage in child labor practices
or in unfair labor practices, and Licensee shall be responsible to verify
compliance by its contract manufacturers. 
For purpose of this section, the term “child” shall mean any person
younger than the age of completion of compulsory schooling, but in any event no
person younger than the age of fifteen (15) shall be employed in the
manufacturing, packaging, or distribution of the Products.

 

5

 

6.5           Licensee
shall feature the Licensed Mark as the predominant brand name on the Products
and the Products’ case, container or package. 
Licensee may use other trademarks with the Licensed Mark as a subnomen,
but not as a transition or a conversion to another trademark.

 

6.6           Licensor
shall have right, at its request, to review annually the Product
specifications, packaging, advertising, promotional materials, sales and public
relations materials as set forth below, but in no event shall such review
rights reduce, mitigate or eliminate any of Licensee’s obligations under this
Agreement.

 

ARTICLE VII

PROMOTION, SELLING, PACKAGING, MARKING

 

7.1           Licensee
shall be responsible for all costs associated with the advertising and
promotion of the Product conducted by Licensee.

 

7.2           Licensee
shall pay and be responsible for the packaging design and artwork for the
Product and all associated costs.

 

ARTICLE VIII

LICENSE FEES

 

8.1           As
consideration for the rights and licenses granted herein, Licensee shall pay
Licensor in the manner and upon conditions set forth in this Article:

 

8.2           Licensee
shall pay Licensor each Contract Year royalties in the amount appearing below: 

*** of Net Sales in Territory for Net Sales up to the Trigger Point and *** of
Net Sales above the Trigger Point.

 

8.3           Any
and all royalties accruing to the Licensor under the terms of this Agreement
shall be paid by Licensee within forty-five 
(45) days following the end of each Quarter of the Contract Year in
which royalties have accrued.  In this
regard, all moneys due as royalty payments under this Agreement shall be
payable in United States Dollars by bank wire transfer of immediately available
funds to the following account:

 

6

 

Reference “Royalty COMET TM License CEEMEA:  For Royalty Period ()”, providing within the
parentheses the period the royalties relate to, e.g., “(Third Quarter, 2002)”.  Confirmation via fax should be sent to:

 

Charles N. Jolly

Fax 914-524-6812

 

8.4           Within
forty-five (45) days after the end of each Quarter, Licensee shall prepare and
issue to Licensor verified reports for each Quarter in the English language
showing separately:

 

A)   P&G’s
invoice price by Product in each country;

 

B)    Itemized
deductions for returns, regular trade and quantity discounts, insurance,
duties, and sales or value added tax actually payable by P&G;

 

C)    Net
Sales in U.S. Dollars showing the conversion from local currency; and

 

D)    The
royalties accrued during the Quarter and payable to Licensor by Licensee.

 

Such reports shall be substantially in the format set forth in Exhibit B.

 

8.5           The
U.S. dollar value of Royalties based on sales made in another currency shall be
determined by first converting Net Sales in the currency of the country in
which sale is made to equivalent United States Dollars and then applying the
applicable royalty rate to the converted Net Sales.  The conversion rate used in such currency
conversion shall be computed monthly as the average of the official local
currency to U.S. Dollar exchange rate set by the central bank of the local
country for the first and last days of the concerned month.

 

8.6           Any
withholding tax or other tax of any kind that Licensee is required by
applicable law or regulation to withhold and pay on behalf of Licensor with
respect to the amounts payable to Licensor under this Agreement shall be
deducted from said amount prior to remittance to Licensor; however, that with
respect to any tax so deducted, Licensee shall give or cause to be given to
Licensor such assistance, which shall include the provision of such
documentation as shall be required by revenue authorities, as may be reasonably
necessary to enable Licensor to claim exemption therefrom or obtain a repayment
thereof and shall, upon request, provide Licensor with a certified copy of the
withholding tax certificate as proper evidence of taxes paid on its behalf.

 

ARTICLE IX

AUDIT AND INSPECTION

 

9.1           Licensee
shall keep and maintain at its regular place of business complete books and
records of all transactions carried out by Licensee in connection with sales of
Products and with this Agreement, including but not limited to accounting books
and records, sales shipments, deduction and promotion ledgers, written policies
and procedures, and general 

 

7

 

ledger entries (hereinafter collectively referred to as the “Records”).
Licensee will keep an extract from its records showing gross sales of the
Product and the direct or allocated deductions applied in arriving at Net Sales.
For purposes of this Section 9.1 the Licensee’s principal place of
business shall be deemed to be Geneva.

 

9.2           Licensee’s
Records shall be subject to audit by Licensor during the full term of this
Agreement and for three (3) years subsequent to the date of termination,
as hereinafter provided.  For the purpose
of ensuring verification of compliance by Licensee with all requirements of
this Agreement, Licensor shall have the right to appoint an independent
auditor, reasonably acceptable to Licensee, to inspect and audit the Records
during regular business hours, provided that Licensor shall give to Licensee at
least ten (10) days advance notice of its intention to do so.

 

9.3           If,
further to such audit or inspection, Licensor should determine that the amount
of royalties due was greater than the amount reported and/or paid by Licensee,
Licensor shall promptly furnish to Licensee a copy of the examination report
setting forth the amount of the deficiency, and showing, in reasonable detail,
the basis upon which such deficiency was determined.  Licensee shall promptly pay to Licensor a sum
equal to the deficiency within thirty (30) days from the date the examination
report was furnished to Licensee.  If the
amount of any underpayment is greater than five (5) percent, then all
actual costs of the independent audit shall be borne by Licensee; otherwise,
such costs shall be borne by Licensor.

 

9.4           In
addition to any payments required pursuant to Sections 9.3 or 9.4, if an audit
or inspection carried out by Licensor and/or by an independent auditor pursuant
to this Article IX determines that Licensee underpaid royalties to
Licensor, Licensee shall also pay to Licensor interest on such royalty at the
rate of twelve (12%) percent per annum from the date such royalty was due until
the date of actual payment.

 

ARTICLE X

ASSIGNABILITY

 

10.1         This
license shall inure to the benefit and be binding on any assignees of Licensor,
subject to Section 5.6.

 

10.2         This
license shall inure to the benefit and be binding on any assignees of Licensee,
subject to Section 5.6.

 

ARTICLE XI

CONFIDENTIALITY

 

11.1         “Discloser”
shall mean the party disclosing confidential information.

 

11.2         “Recipient”
shall mean the party receiving confidential information.

 

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11.3         It
is understood and agreed that any confidential information which may be
disclosed by either party to the other party pursuant to this Agreement,
including without limitation new products, commercial plans, financial
projections, data, know-how, formulae, processes, designs, sketches,
photographs, plans, drawings, specifications, samples, reports, customer lists,
pricing information, studies, findings, inventions and ideas, are to be used
solely in connection with Recipient’s performance of this agreement and not be
disclosed to any persons other than employees or agents of Recipient.

 

Recipient agrees that:

A)           confidential
information shall be held in confidence by using the same degree of care, but
no less than a reasonable degree of care, as Recipient uses to protect its own
confidential information of a like nature;

B)            Recipient
shall take such steps as may be reasonably necessary to prevent disclosure of
confidential information to others;

C)            in
the event that Recipient is legally required to disclose any confidential
information, Recipient shall promptly notify Discloser so that Discloser may
take steps to protect its confidential information;

D)            Recipient
shall return any confidential information to Discloser at Discloser’s request.

 

The obligations and duties hereunder shall survive for five (5) years
after the last disclosure of Confidential Information under this Agreement.

 

The above requirements impose no obligation on Recipient with respect
to confidential information which: is known to Recipient at the time of its
receipt hereunder; is or becomes generally available to the public through no
fault of Recipient; corresponds in substance to that furnished Recipient by any
third party having a bona fide right to do so and no confidential obligation to
Discloser respecting it; or corresponds to that furnished by Discloser to any
third party on a non-confidential basis.

 

11.4         Except
as may be reasonably required for compliance with securities law disclosures,
Licensee agrees not to divulge, permit, or cause their officers, directors, or
agents to divulge the substance of this Agreement, other than to their
representatives and attorneys in the course of any legal proceeding to which
either of the parties hereto is a party for the purpose of securing compliance
with this Agreement.

 

ARTICLE XII

REPRESENTATIONS AND WARRANTIES OF LICENSOR

 

12.1         Licensor
represents and warrants that it is the owner of the Licensed Mark in the
Territory for the class of products covering Cleaning products and that it will
maintain such Licensed Marks in the Territory during the Term of this
Agreement. Licensor represents and warrants that it has no knowledge of any
other person or entity who may claim, for the Products in the Territory,
superior rights to the Licensed Mark or any substantially similar mark.

 

9

 

12.2         Licensor
shall be offered the opportunity to lead the defense against any claim brought
against Licensee alleging that a third party has rights to the Licensed Mark.

 

ARTICLE XIII

INFRINGEMENT BY THIRD PARTIES

 

13.1         Licensee
shall notify Licensor of any third party Licensee believes may be infringing
the Licensed Mark and shall provide to Licensor any information Licensee has in
support of such belief.

 

13.2         In
the event that Licensor becomes aware that a third party is infringing Licensed
Mark, Licensor shall have the option, at its discretion, to bring suit against
such a third party infringer.  In the
event that Licensor elects to bring suit, Licensee agrees to join Licensor in
any such suit, as may be required by law to facilitate the litigation.  Licensee agrees to provide reasonable
cooperation in the prosecution of any such suit brought by Licensor and at
Licensor’s expense.  If Licensor elects
not to bring suit against such third party infringer and so notifies Licensee,
or fails to bring suit within sixty (60) days after receiving notice from
Licensee that said infringement is causing irreparable harm to Licensee’s sale
of Products, Licensee may, at its discretion and at its cost, bring suit
against the third party infringer in its own name if necessary.  Licensor may further elect to participate, at
its own expense by counsel of its own choosing, in any such suit brought by
Licensee. In the event that Licensee elects to bring suit, Licensor agrees to
join Licensee in any such suit, as may be required by law to facilitate the
litigation.  Licensor agrees to provide
reasonable cooperation in the prosecution of any such suit brought by Licensee
and at Licensee’s expense.  Licensee
shall reimburse Licensor for all reasonable expenses, including attorney’s
fees, in connection with providing such cooperation.

 

13.3         Whichever
party brings suit against a third-party infringer shall have full control of
the litigation and shall collect any settlements, damages, or other awards and
shall pay all costs of litigation.

 

ARTICLE XIV

INDEMNIFICATION AND INSURANCE

 

14.1         Licensee
shall indemnify and hold harmless Licensor, its affiliated companies, and any
of their agents, officers, directors, and employees from and against any
third-party liability, claim, administrative action, cause of action, suit,
damages, and expenses (including reasonable attorney fees and costs) including
but not limited to any damages for personal injuries, including death and
property damage, which:

 

(i)            result
from Licensee’s breach of any representation, warranty, covenant or agreement
by Licensee contained herein; or

 

(ii)           result
from any disputes with the trade resulting from Licensee’s dealings or
relations therewith; or

 

10

 

(iii)          result
from any advertising, promotion, or other actions or inactions by Licensee in
furtherance of its rights under this Agreement except to the extent such action
is based upon the Licensed Mark as contemplated in Section 14.2; or

 

(iv)          result
from adulteration or misbranding of any Product, or that result from the
failure of the Product to meet the industry standards as required under Section 6.3
above, or the quality requirements pursuant to Section 6.3 above, due in
whole or in part to the negligence of Licensee; or

 

(v)           result
from any consumer’s use or possession of Products but which in no way involves
the Licensed Mark; or

 

(vi)          result
from any governmental action, including federal, state or local, relating to
Products.

 

14.2         Provided
that Licensor has been offered the opportunity to lead the defense against any
claim brought against Licensee for a violation of Licensor’s warranties and
representations made in this Agreement, Licensor agrees to indemnify and hold
harmless Licensee against and from damages, costs and reasonable attorney’s
fees, if any, awarded to a third party against Licensee because of a breach of
Licensor’s warranties and representations contained herein.

 

14.3         Notwithstanding
the provisions above, neither party shall be liable for any consequential damages
suffered by the other party. 
Consequential damages shall not include damages for personal injury,
property damage, or any damages resulting from a breach of the confidentiality
provisions of this Agreement.

 

ARTICLE XV

SUBLICENSING

 

15.1         Licensee
shall have the right to sublicense to third parties with the consent of
Licensor, which consent shall not be unreasonably withheld. The sublicenses
granted shall be pursuant to the following conditions:

 

A)           The
sublicense agreement shall require the sublicensee to pay to Licensee a royalty
rate sufficiently high to ensure that Licensee pays to Licensor a proportion of
royalties received from its sublicensee on Products sold from such sublicensees
equal to the amounts that Licensor would have received from Licensee had such
Products been sold directly by Licensee.

 

B)            The
sublicense agreement shall require compliance with all obligations imposed on Licensee
pursuant to this Agreement and each obligation of Licensee in Sections 3.2,
3.3, 3.4, Articles V, VI, VII, IX, XI, XIII, XIV,

 

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XVI, and XIX shall be deemed to include an
identical obligation by sublicensee.

 

C)            The
sublicense agreement shall provide that upon expiration or termination of this
Agreement for whatever reason, such sublicense agreement shall also immediately
terminate or expire.

 

ARTICLE XVI

FORCE MAJEURE

 

16.1         Neither
Licensor nor Licensee shall be liable to the other for any failure to comply
with any terms of the Agreement to the extent any such failure is caused
directly or indirectly by fire, strike, union disturbance, injunction or other
labor problems, war (whether or not declared), riots, insurrection, government
restrictions or other government acts, or other causes beyond the control of or
without fault on the part of either Licensor or Licensee.  However, Licensee shall continue to be obligated
to pay Licensor when due any and all amounts which it shall have duly become
obligated to pay in accordance with the terms of this Agreement and Licensor
shall continue to be bound to the exclusivity provisions hereunder.  Upon the occurrence of any event of the type
referred to in this Section, the party affected thereby shall give prompt
notice thereof to the other party, together with a description of such event
and the duration for which such party expects its ability to comply with the
provisions of this Agreement to be affected thereby.  The party affected shall thereafter devote
its best efforts to remedy to the extent possible the condition giving rise to
such event and to resume performance of its obligations hereunder as promptly
as possible.

 

ARTICLE XVII

PURCHASE OPTION

 

17.1         For
purposes of Article XVIII, the following terms shall have the following
meanings:

 

•      “Adjusted
Net Sales” shall mean the Net Sales over the twenty-four (24) calendar months
immediately prior to and including the month of the Notice Effective Date
converted to United States Dollars pursuant to Section 8.5 divided by two
(2).

 

•      The
Purchase Notice shall be Licensee’s irrevocable notice to Licensor that it is
exercising the Purchase Option (as defined below) and may be delivered to
Licensor at any time during the Term of this Agreement prior to May 31,
2024.

 

•      “Notice
Effective Date” shall be specified by the Licensee in the Purchase Notice and
shall be the last day of a month at least thirty (30) days following the date
of the Purchase Notice.

 

12

 

•      The
Closing shall mean the closing of the transactions contemplated by this Article XVIII
and shall take place on the last business day of the month immediately
succeeding the Notice Effective Date.

 

17.2         During
the full or partial Contract Years set forth below during the Term of this
Agreement, Licensee shall have the option to purchase (the “Purchase Option”)
the Licensed Mark in the Territory for a purchase price (the “Purchase Price”)
equal to a multiple of Adjusted Net Sales.

 

 

	
  Notice Effective Date

  	
   

  	
  Multiple of Adjusted 

  Net Sales up to the 

  Trigger Point

  	
   

  	
  Multiple of Adjusted 

  Net Sales greater than 

  the Trigger Point

  
	
  January 1, 2010 – December 31, 2010

  	
   

  	
  ***

  	
   

  	
  ***

  
	
  January 1, 2011 – December 31, 2015

  	
   

  	
  ***

  	
   

  	
  ***

  
	
  January 1, 2016 – December 31, 2025

  	
   

  	
  ***

  	
   

  	
  ***

  

 

17.3         At
the Closing the following actions will be taken:

 

	
  (a)

  	
  Licensor will deliver to Licensee, duly executed, the following:

  
	
   

  	
   

  	
   

  
	
   

  	
  (i)

  	
  a Trademark Assignment substantially in the form attached as Exhibit C
  and any other documents deemed reasonably necessary to record Licensee’s
  Rights in each of the countries covered by the Trademark Assignment;

  
	
   

  	
   

  	
   

  
	
   

  	
  (ii)

  	
  a receipt for the Purchase Price substantially in the form attached
  as Exhibit D; and

  
	
   

  	
   

  	
   

  
	
   

  	
  (iii)

  	
  such other documents as are, in the reasonable opinion of counsel,
  necessary or desirable to consummate the transactions contemplated by this
  Article XVIII.

  
	
   

  	
   

  	
   

  
	
  (b)

  	
  Licensee will deliver to Licensor, duly executed, the following:

  
	
   

  	
   

  	
   

  
	
   

  	
  (i)

  	
  the Purchase Price; and

  
	
   

  	
   

  	
   

  
	
   

  	
  (ii)

  	
  such other documents as are, in the reasonable opinion of counsel,
  necessary or desirable to consummate the transactions contemplated by this
  Article XVIII.

  

 

17.4         An
illustration of the computation of the Purchase Price is set forth in Exhibit E.

 

13

 

ARTICLE XVIII

DISPUTE RESOLUTION

 

18.1         Any
Claim asserted by Licensor against Licensee or by Licensee against Licensor (a “Claim”)
arising out of or related to this Agreement will be resolved pursuant to the
procedures described in this Article XVIII.

 

18.2         Should
any Claim arise, Licensor and Licensee will first attempt to resolve such Claim
by entering into good faith negotiations by or among their appropriate
employees or officers.  Such negotiations
will commence as soon as practicable after either party has received notice
from the other party of such Claim, but no later than ten (10) days after
such receipt, and will terminate thirty (30) calendar days after such
commencement.  During negotiations, the
parties will not have the right to any discovery.

 

18.3         Any
Claim which has not been resolved pursuant to Section 18.2 will be
referred to good faith negotiations by or among one or more Vice Presidents of
Licensor and Licensee.  Such negotiations
will commence as soon as practicable after termination of the negotiations
described in Section 18.2, but not later than ten (10) business days
thereafter, and will terminate thirty (30) calendar days after such
commencement.  During the negotiations,
the parties will not have the right to any discovery.

 

18.4         Any
Claim which has not been resolved pursuant to Section 18.3 will be
determined by arbitration.  The
arbitration will be conducted by three arbitrators, the first to be appointed
by Licensor, the second to be appointed by Licensee, and the third to be
appointed by the two arbitrators selected by Licensor and Licensee.  The arbitration will be held in New York, New
York and will be conducted in accordance with the Commercial Arbitration Rules of
the AAA, except that the rules set forth in this Section 18.4 will
govern such arbitration to the extent they conflict with the rules of the
AAA.  Licensor and Licensee will use
their best efforts to cause the arbitration to be conducted in an expeditious
manner.  Licensor and Licensee will use
their best efforts to cause the arbitration to be completed within sixty (60)
days after selection of the arbitrator. 
In the arbitration, Ohio law will govern, except to the extent that
those laws conflict with the AAA and the provisions of this Section 18.4.  There will be no discovery, except as the
arbitrator will permit following a determination by the arbitrator that the
person seeking such discovery has a substantial, demonstrable need.  All other procedural matters will be within
the discretion of the arbitrator.  In the
event a person fails to comply with the procedures in any arbitration in a
manner deemed material by the arbitrator, the arbitrator will fix a reasonable
period of time for compliance and, if the person does not comply within said
period, a remedy deemed just by the arbitrator, including an award of default,
may be imposed.  The determination of the
arbitrator will be final and binding on the Licensor and Licensee.  Judgment upon the award rendered by the
arbitrator may be entered in any court having jurisdiction thereof.

 

ARTICLE XIX

MISCELLANEOUS

 

19.1         Licensee
agrees and acknowledges it shall have no claims or rights whatsoever against
Licensor for contributing to establish or to increase the goodwill of the
Licensed Mark or 

 

14

 

of the Products.

 

19.2         Licensor
does not make any special payment whatsoever, in cash or in kind, either
directly or indirectly, to any third party with a view to influencing unduly
the decision of such third party in order to obtain any benefit or advantage
whatsoever.  Nothing herein authorizes
Licensee to make any such payment, either directly or indirectly, in the
performance of its obligations hereunder nor shall Licensor reimburse any such
payments.

 

19.3         Licensee
agrees and acknowledges that Licensor is the owner of all rights, titles and
interests in and to the Licensed Mark. 
Sales by Licensee shall be deemed to have been made by Licensor for
purposes of trademark registration and all uses of the Licensed Mark shall
inure to the benefit of Licensor for such purposes.

 

19.4         Licensee
shall not use the Licensed Mark as all or a portion of a corporate name or as
all or a portion of any trade name or other designation used by it to identify
its business. Licensee’s employees shall not represent themselves as being
representatives of or otherwise employed by Licensor.

 

19.5         This
Agreement contains the entire agreement between the parties and supersedes any
prior written or verbal agreements relating to this subject matter between the
parties in the Territory including that certain License Agreement dated October 2,
2001.  This Agreement may not be altered
except by an instrument in writing signed by authorized representatives of the
parties.

 

19.6         This
Agreement shall be governed by the laws of the State of Ohio, United States of
America, without giving effect to the conflict of laws principles thereof.

 

19.7         It
is the intention of both parties to attempt to settle all issues by good faith
negotiations.

 

19.8         The
article and section captions in this Agreement have been inserted as
a matter of convenience and are not part of this Agreement.

 

19.9         Any
notice or other communication in connection with this Agreement shall be in
writing in the English language and sent by fax or electronic mail, with a
confirmation being sent by overnight delivery next day prepaid and addressed to
the respective parties as follows:

 

To Licensor:

Prestige Brands Holding, Inc.

90 N Broadway

 Irvington,
New York 10533

USA

 

Attention:  
Peter Mann

Facsimile/Email:  914-524-6819

 

15

 

with copy to:

Charles N.
Jolly

Secretary &
General Counsel

Prestige Brands Holding, Inc.

90 N Broadway

Irvington, New York 10533

USA

 

To Licensee:

 

Vice President, External Business Development

Attn: 
J. D. Weedman

The Procter & Gamble Company

One Procter & Gamble Plaza

Cincinnati, Ohio 45202

Fax #513-983-0911

 

with copies
to:

 

T. L. Overbey, Esq.

The Procter & Gamble Company

Legal Division

One Procter & Gamble Plaza

Cincinnati, Ohio 45202

Fax #513-983-4274

 

or such other
addresses as shall be designated by written notice.

 

19.10       This
Agreement does not constitute Licensee as the agent or legal representative of
Licensor, or Licensor as the agent or legal representative of Licensee for any
purpose whatsoever.  Licensee is not
granted any right or authority to assume or to create any obligation or
responsibility, expressed or implied, on behalf of or in the name of Licensor
or to bind Licensor in any manner or thing whatsoever; nor is Licensor granted
any right or authority to assume or create any obligation or responsibility,
expressed or implied, on behalf of or in the name of Licensee or to bind
Licensee in any manner or thing whatsoever. 
No joint venture or partnership between Licensee and Licensor is
intended or shall be inferred.

 

19.11       All
inquires by third parties with respect to this Agreement shall be directed to
Licensor.

 

19.12       This
Agreement may be executed in counterparts, each of which shall be deemed to
constitute an original, but all of which together shall constitute one and the
same instrument.

 

19.13       Should
any part or provision of this Agreement be held to be invalid, the validity of
the remaining provisions shall be unaffected.

 

19.14       Any
provision of this Agreement which shall be, or shall be determined to be,
invalid shall be ineffective, but such invalidity shall not affect the
remaining provisions hereof.

 

16

 

19.15       In
the event either party shall at any time waive any of its rights under this
Agreement or the performance by the other party of any of its obligations
hereunder, such waiver shall not be construed as a continuing waiver of the
same rights or obligations or a waiver of any other rights or obligations.

 

19.16       Neither
party shall make any press release concerning the existence of this Agreement
without the prior written agreement of the other party. The party wishing to
make the press release shall submit to the other in writing the proposed text
of the release.  Failure by that party to
approve such materials in writing within ten (10) business days of its
receipt of same shall constitute disapproval, provided however, that if the
party wishing to make the release does not receive a response to its request
for approval of submitted materials within the allotted ten (10) business
days, it may notify the other party in writing that it has not received yet a
response.  The other party shall then
have five (5) additional business days to respond to the submitted
materials.  If it fails to respond after
notice within five (5) additional business days, the materials shall be
deemed approved

 

19.17       Licensee
understands that this License may not constitute all the consents or licenses
required in order to manufacture, import, and/or sell the Products, and
expressly covenants to obtain all other such licenses or consents that may be
so required.

 

19.18       In
evaluating and entering into this Agreement, neither Licensor nor Licensee
relied and are not relying on any representations, warranties or other
statements, whether oral or written, of the other, except those representations
and warranties specifically set forth in this Agreement.

 

19.19       The
form of this Agreement has been negotiated by or on behalf of Licensee and
Licensor, each of which was represented by attorneys who have carefully
negotiated the provisions hereof.  Each
party acknowledges that it has been advised to, and has had the opportunity to
consult with its personal attorney prior to entering into this Agreement. No
law or rule relating to the construction or interpretation of contracts
against the drafter of any particular clause should be applied with respect to
this Agreement.

 

19.20       Whenever
action must be taken (including the giving of notice or the delivery of
documents) under this Agreement during a certain period of time or by a
particular date that ends or occurs on a non-business day, then such period or
date shall be extended until the immediately following business day.  As used herein, “business day” means any day
other than Saturday, Sunday or a federal or Ohio holiday.

 

19.21       Notwithstanding
anything contained in this Agreement to the contrary, nothing in this
Agreement, expressed or implied, is intended to confer on any person other than
the parties hereto or their respective successors and assigns any rights,
remedies, obligations or liabilities under or by reason of this Agreement.

 

19.22       This
Agreement and/or any exhibits, schedules or attachments may not be amended or
modified in any respect except by a written agreement signed by the parties
hereto or thereto.

 

17

 

19.23       Except
as specifically provided to the contrary in this Agreement, all costs and
expenses incurred in connection with this Agreement shall be paid by the party
incurring such expenses.

 

IN WITNESS WHEREOF, the parties have duly
executed this Agreement.

 

	
  THE PROCTER & GAMBLE COMPANY

  	
  Prestige Brands Holdings, Inc.

  
	
   

  	
   

  	
   

  	
   

  
	
  Signature:

  	
  /s/ Jeffrey D. Weedman

  	
   

  	
  Signature:

  	
  /s/ Peter Mann

  	
   

  
	
   

  	
  Jeffrey D. Weedman

  	
   

  	
  Peter Mann

  
	
   

  	
  Vice President

  	
   

  	
  Chief Executive Officer

  
	
   

  	
  External Business Development

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Date:

  	
   

  	
   

  	
  Date:

  	
   

  	
   

  
										

 

18

 

EXHIBIT B – QUARTERLY REPORTING TEMPLATE

 

	
   

  	
   

  	
   

  	
   

  	
  Month

  	
   

  	
  Month

  	
   

  	
  Month

  	
   

  	
  QUARTER

  
	
  COUNTRY

  	
   

  	
   

  	
   

  	
  1

  	
   

  	
  2

  	
   

  	
  3

  	
   

  	
  TOTAL

  
	
  Russia

  	
   

  	
  Gross
  Sales

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total
  Deductions

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #1

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #2

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #3

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  etc.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Net
  Sales (Local Currency)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Exchange
  Rate

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Net
  Sales (U.S. $)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Ukraine

  	
   

  	
  Gross
  Sales

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total
  Deductions

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #1

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #2

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #3

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  etc.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Net
  Sales (Local Currency)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Exchange
  Rate

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Net
  Sales (U.S. $)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Belarus

  	
   

  	
  <repeat for each country>

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Latvia

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Estonia

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Lithuania

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Kazakhstan

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Uzbekistan

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Armenia

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Azerbeijan

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Georgia

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Kyrgystan

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Tadjikistan

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Turkmenistan

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Mongolia

  	
   

  	
  “

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  GRAND
  TOTALS

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Gross
  Sales

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Total
  Deductions

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #1

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #2

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Itemized Deduction #3

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  etc.

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Net
  Sales (Local Currency)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Exchange
  Rate

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Net
  Sales (U.S. $)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

19

 

EXHIBIT C

 

ASSIGNMENT OF TRADEMARKS

 

WHEREAS, Prestige
Brands Holdings, Inc., a Delaware corporation,
having its principal place of business at 90 N. Broadway, Irvington, New York
10533 (hereinafter “Assignor”), is the owner of the trademarks and the
trademark registrations and applications set forth on Schedule A of this
Assignment (hereinafter collectively referred to as the “Trademarks”);

 

WHEREAS, The Procter & Gamble Company,
an Ohio corporation, having its
principal place of business at One Procter & Gamble Plaza, Cincinnati,
Ohio 45202 (hereinafter “Assignee”), desires to acquire all right, title and
interest in and to the Trademarks, together with the goodwill of the business
symbolized by the Trademarks; and

 

WHEREAS, Assignor
and Assignee are desirous of making this Assignment a matter of record.

 

NOW, THEREFORE, in
accordance with Assignee’s option in the Trademark License Agreement and Option
to Purchase and for good and valuable consideration the full receipt and
sufficiency of which is hereby acknowledged (further detailed in said License),
and intending to be legally bound hereby, Assignor hereby sells, assigns,
transfers and conveys unto Assignee all of its right, title, and interest in
and to the aforesaid Trademarks, together with the goodwill of the business
symbolized by the Trademarks.

 

FURTHER, Assignor
hereby covenants, agrees and undertakes to execute all confirmatory
assignments, lawful oaths, and any other papers which Assignee may reasonably 

 

20

 

deem necessary or desirable for
securing to Assignee or for maintaining for Assignee the Trademarks hereby
assigned, all without further compensation to Assignor.

 

 

	
  PRESTIGE BRANDS HOLDINGS, INC.

  	
   

  	
  THE PROCTER & GAMBLE COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Signature

  	
   

  	
  Signature

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name

  	
   

  	
  Name

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Title

  	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Date

  	
   

  	
  Date

  

 

21

 

Schedule A to Assignment

 

To be drafted upon exercise of option.

 

22

 

EXHIBIT D

 

PURCHASE PRICE RECEIPT

 

Pursuant to the Trademark License Agreement and Option to Purchase
effective January 1, 2006 (the “Agreement”) between The Procter &
Gamble Company (“Licensee”) and Prestige Brands Holdings, Inc. (“Licensor”),
Licensor hereby acknowledges receipt from Licensee of [insert Purchase Price] as a result of Licensee exercising its
Purchase Option pursuant to the Agreement.

 

Dated:  [Insert date of Closing]

 

THE PROCTER & GAMBLE COMPANY

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

 

Accepted and Agreed:

 

PRESTIGE BRANDS HOLDINGS, INC.

 

 

	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  

 

23

 

EXHIBIT E

 

PURCHASE PRICE ILLUSTRATIONS

 

Set forth below are two illustrations of the Purchase Price computation
using the indicated assumptions:

 

1.     Purchase
Notice – delivered to Licensor on February 15, 2011 with a Notice
Effective Date of March 31, 2011.

 

Trigger Point - $26MM (Net Sales in the Territory from January 1,
2005 through December 31, 2005)

 

Net Sales from April 1, 2009 through March 31, 2011 - $50MM

 

Adjusted Net Sales - $25MM

 

Purchase Price - $25MM x *** = $***MM

 

2.     Purchase
Notice – delivered to Licensor on May 15, 2016 with a Notice Effective
Date of June 30, 2016

 

Trigger Point - $26MM

 

Net Sales from July 1, 2014 through June 30, 2016 - $90MM

 

Adjusted Net Sales - $45MM

 

	
  Purchase Price -

  	
   

  	
  $***MM

  	
   

  	
  ($26MM x ***)

  
	
   

  	
   

  	
  +***MM

  	
   

  	
  ($19MM x ***)

  
	
   

  	
   

  	
  $***MM

  	
   

  	
   

  

 

24

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]