Document:

SECOND AMENDMENT TO LICENSE AGREEMENT

Exhibit 10.3

SECOND AMENDMENT TO

LICENSE AGREEMENT

This Second Amendment (the “Second Amendment”) dated as of May 21, 2013 (the “Amendment Effective Date”) amends the License Agreement dated as of February 8, 2012 and all amendments thereto (the “License”) by and between As Seen On TV, Inc., a Florida corporation, as assignee of TVGoods, Inc. (“ASTV”) and Kevin Harrington (“Mr. Harrington”). All capitalized terms used in this Amendment and not defined herein shall have the same meanings as given to them in the License.

WHEREAS, ASTV and Mr. Harrington are parties to that certain Amendment to Agreement dated as of March 8, 2013 (the “First Amendment”) amending the License in certain respects; and 

WHEREAS, ASTV and Mr. Harrington desire to further amend the License,

NOW, THEREFORE, the parties hereby agree as follows:

1.

The First Amendment is deleted in its entirety.

2.

The defined term “TVG” is hereby replaced with “ASTV” wherever it appears in the License.

3.

Section 2 of the License is hereby amended to read in its entirety as follows:

“2.

GRANT OF LICENSE. Mr. Harrington hereby grants to ASTV, its successors, assigns and sub-licensees an exclusive, irrevocable, worldwide license (with the right to grant sublicenses) to publish, reproduce or otherwise use, separately or together, the Licensed Property, including, without limitation, any such materials that may serve as trademarks or service marks, or in which Mr. Harrington may hold copyrights, in connection with any commercial purpose. For the avoidance of doubt, Mr. Harrington shall continue to exercise all ownership rights over the Licensed Property, except for the right to further license or otherwise transfer the Licensed Property.”

4.

Section 3 of the License is hereby amended to insert the following after the word “employee” in the third line thereof: “or service provider”.

5.

Section 10 of the License is hereby deleted in its entirety.

6.

This Second Amendment is effective as of the Amendment Effective Date. Except as amended hereby, the terms and conditions of the License remain in full force and effect. Any conflict between the provisions of this Second Amendment and the License shall be resolved in favor of the provisions of this Second Amendment.  

IN WITNESS WHEREOF, the duly authorized representatives of the parties have executed this Amendment.

		
	AS SEEN ON TV, INC.

	 

	

By   /s/ Ronald C. Pruett, Jr.

	

   /s/ Kevin Harrington

	Name: Ronald C. Pruett, Jr.

Title: Chief Executive Officer

	KEVIN HARRINGTON

Page 1 of 1SECOND AMENDMENT TO SERVICES AGREEMENT

Exhibit 10.4

SECOND AMENDMENT TO

SERVICES AGREEMENT

This Second Amendment (the “Second Amendment”) dated as of May 21, 2013 (the “Amendment Effective Date”) amends the Services Agreement dated as of October 28, 2011 and all amendments thereto (the “Agreement”) by and between As Seen On TV, Inc., a Florida corporation (the “Company”) and Kevin Harrington (the “Service Provider”). All capitalized terms used in this Amendment and not defined herein shall have the same meanings as given to them in the Agreement.

WHEREAS, the Company and the Service Provider have entered into that certain Amendment to Agreement dated as of March 8, 2013 (the “First Amendment”) amending the Agreement in certain respects; and 

WHEREAS, the Company and the Service Provider desire to further amend the Agreement,

NOW, THEREFORE, the parties hereby agree as follows:

1.

Section 2 and Section 6 of the First Amendment are deleted in their entirety.

2.

Section 2(a) of the Agreement is hereby amended to read in its entirety as follows:

“(a)

General Duties. During the Term, the Service Provider shall serve as the Company’s principal brand ambassador. In this capacity, the Service Provider shall embody a positive identity on behalf of the Company through his appearance, demeanor, values and ethics. Service Provider shall report to the Company’s chief executive officer, with whom he will develop and implement promotional strategies to expand and strengthen relationships between the Company and its customers and between the Company and its vendors, agents and suppliers. In his public actions and statements, the Service Provider shall always portray the Company and its business in a positive manner.”

3.

The Agreement is hereby amended to add a new Section 2(e) as follows:

“(e)

Speaking Engagements. Notwithstanding any other provision of this Agreement, the Service Provider shall have the right to undertake speaking engagements anywhere in the world, and to retain any speaking fees or other compensation resulting therefrom; provided, that such speaking engagements do not interfere or conflict with performance of the Service Provider’s duties under Section 2(a) and are undertaken at Service Provider’s expense. The Service Provider will notify the Company of all speaking engagements at least one week in advance.”

4.

The Agreement is hereby amended to add a new Section 2(f) as follows:

“(f)

Corporate Opportunities. The Company and Service Provider anticipate that the Service Provider will regularly become aware of new product ideas, proposals, submissions and other opportunities (collectively, the “Opportunities”). As between the Service Provider and the Company, the Company shall have sole ownership of the Opportunities. The Service Provider shall (i) treat all Opportunities as Confidential Information under Section 7, (ii) direct all Opportunities to the Company and to no other person and (iii) use diligent efforts to ensure the Company has all information required to evaluate and develop all Opportunities.”

Page 1 of 2

Exhibit 10.4

5.

The Agreement is hereby amended to add a new Section 2(g), as follows:

“(g)

Testimonials. The Service Provider may endorse products or services of third parties if authorized to do so by the chief executive officer of the Company in accordance with this Section 2(g). The Service Provider will inform the chief executive officer and the chief legal counsel of the Company of any proposed endorsement and the nature of the products or services involved. Within seven days thereafter, the chief executive officer of the Company will authorize the endorsement, decline to authorize the endorsement or request additional information. If the chief executive officer requests additional information, within three days thereafter the Service Provider will provide the requested information and, within three days after receipt of the requested information, the chief executive officer will authorize the endorsement or decline to authorize the endorsement. The chief executive officer will not unreasonably decline to authorize an endorsement. If an endorsement is authorized, the Service Provider will undertake the endorsement at his expense. Any failure by the chief executive officer to respond within a time period set forth above shall be deemed to authorize the endorsement.”

6.

This Second Amendment is effective as of the Amendment Effective Date. Except as amended hereby, the terms and conditions of the Agreement remain in full force and effect. Any conflict between the provisions of this Second Amendment and the Agreement shall be resolved in favor of the provisions of this Second Amendment.  

IN WITNESS WHEREOF, the duly authorized representatives of the parties have executed this Amendment.

		
	AS SEEN ON TV, INC.

	 

	

By   /s/ Ronald C. Pruett, Jr.

	

   /s/ Kevin Harrington 

	Name: Ronald C. Pruett, Jr.

Title: Chief Executive Officer

	KEVIN HARRINGTON

	 

	ACKNOWLEDGED:

	HARRINGTON BUSINESS DEVELOPMENT, INC.

	 

	

By   /s/ Kevin Harrington

	 

	Name: Kevin Harrington

Title: President

	 

Page 2 of 2ExtensionAgreement

Exhibit 10.1

EXECUTION VERSION
EXTENSION AGREEMENT
EXTENSION AGREEMENT (this “Agreement”), dated as of May 25, 2013, to the Credit Agreement, dated as of May 25, 2011 (as amended, the “Credit Agreement”), among Applied Materials, Inc. (the “Borrower”), the lenders that are parties thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as Administrative Agent for the Lenders.
The parties hereto agree as follows:
SECTION 1.  Defined Terms.  Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement.
SECTION 2.  Extension. Each of the undersigned Lenders hereby agrees to extend the Termination Date with respect to such Lender, pursuant to Section 2.20 of the Credit Agreement, to May 25, 2017.
SECTION 3.  Changes in Commitments. On the Extension Date (as defined below), the Commitment of each Lender shall be as set forth in Schedule 2.01 hereto, which shall replace Schedule 2.01 to the Credit Agreement as currently in effect. Any Lender not listed on Schedule 2.01 hereto shall on the Extension Date cease to be a Lender, provided that (i) all accrued fees and other amounts payable for its account shall be paid to it not later than the Extension Date and (ii) the provisions of Sections 2.13, 2.15 and 8.03 shall continue to inure to its benefit in respect of the period during which it was a Lender. If any Letters of Credit are outstanding on the Extension Date, the respective participations of the Lenders therein shall be redetermined as of such date on the basis of their then Commitments.
SECTION 4.  Effectiveness.  This Agreement shall become effective on and as of May 25, 2013 (the “Extension Date”), subject only to:
(a)    receipt by the Administrative Agent from the Borrower and the Lenders parties hereto, who (i) constitute the Required Lenders and (ii) include each Lender whose Commitment is increased pursuant to Section 3 above, of a counterpart of this Agreement signed on behalf of such parties; 
(b)    the conditions precedent set forth in Section 3.03 of the Credit Agreement being satisfied on and as of the Extension Date; and
(c)    receipt by the Administrative Agent of fees for the accounts of Lenders as heretofore mutually agreed.

SECTION 5.  Representations and Warranties.  The Borrower hereby represents and warrants that the statements set forth in Section 3.03(a)(i) and Section 3.03(a)(ii) of the Credit Agreement are true and correct on and as of the Extension Date with respect to this Agreement and to the Credit Agreement as amended hereby.
SECTION 6.  Reference to and Effect Upon the Credit Agreement. 
(a)    The execution, delivery and effectiveness of this Agreement shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor constitute a waiver of any provision of any of the Loan Documents.  On and as of the Extension Date, this Agreement shall for all purposes constitute a Loan Document.
(b)    On and as of the Extension Date, (A) each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Agreement.
(c)    The Credit Agreement and each of the other Loan Documents, as specifically amended by this Agreement, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.
SECTION 7.  Governing Law.  This Agreement shall be construed in accordance with and governed by the laws of the State of New York. 
SECTION 8.  Counterparts.  This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.  Delivery of an executed counterpart hereof by facsimile or electronic transmission (e.g., “pdf” or “tif”) shall be as effective as delivery of a manually executed counterpart hereof.
[Remainder of page intentionally left blank]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.

	
		
	APPLIED MATERIALS, INC.

	By:
	/s/ Robert M. Friess

	Name:   Robert M. Friess

	Title:   Vice President and Treasurer

SIGNATURE PAGE TO EXTENSION AGREEMENT
    

	
		
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and Lender

	By:
	/s/ Gerardo B. Loera

	Name:   Gerardo B. Loera

	Title:   Vice President

SIGNATURE PAGE TO EXTENSION AGREEMENT
    

	
		
	Citibank, N.A., as Lender

	By:
	/s/ Avrum Spiegel

	Name:   Avrum Spiegel

	Title:   Vice President

 

SIGNATURE PAGE TO EXTENSION AGREEMENT
    

	
		
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD, as Lender

	By:
	/s/ Richard Ong Pho

	Name:   Richard Ong Pho

	Title:   Director

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	BNP Paribas, as Lender

	By:
	/s/ Mathew Harvey

	Name:   Mathew Harvey

	Title:   Managing Director

	
		
	BNP Paribas, as Lender

	By:
	/s/ Jamie Dillon

	Name:   Jamie Dillon

	Title:   Managing Director

    
 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	Goldman Sachs Bank USA, as Lender

	By:
	/s/ Mark Walton

	Name:   Mark Walton

	Title:   Authorized Signatory

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	Morgan Stanley Bank, N.A., as Lender

	By:
	/s/ Sherrese Clarke

	Name:   Sherrese Clarke

	Title:   Authorized Signatory

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	KEYBANK NATIONAL ASSOCIATION, as Lender

	By:
	/s/  Robert W. Boswell

	Name:   Robert W. Boswell

	Title:   Senior Vice President

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	THE BANK OF NEW YORK MELLON, as Lender

	By:
	/s/ Robert Besser

	Name:   Robert Besser

	Title:   Managing Director

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	DBS Bank Ltd., Los Angeles Agency as Lender

	By:
	/s/ James McWalters

	Name:   James McWalters

	Title:   General Manager

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	MIZUHO CORPORATE BANK (USA), as Lender

	By:
	/s/ Bertram H. Tang

	Name:   Bertram H. Tang

	Title:   Senior Vice President

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	U.S. Bank NATIONAL ASSOCIATION, as Lender

	By:
	/s/ Richard J. Ameny, Jr.

	Name:   Richard J. Ameny, Jr.

	Title:   Vice President

 

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	Wells Fargo Bank, N.A., as Lender

	By:
	/s/  Sid Khanolkar

	Name:   Sid Khanolkar

	Title:   Director

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	THE NORTHERN TRUST COMPANY,  as Lender

	By:
	/s/  John Lascody

	Name:   John Lascody

	Title:   Vice President

SIGNATURE PAGE TO EXTENSION AGREEMENT

	
		
	Taipei Fubon Commercial Bank Co., Ltd. as Lender

	By:
	/s/  Robin S. Wu

	Name:   Robin S. Wu

	Title:   VP & Deputy General Manager

SIGNATURE PAGE TO EXTENSION AGREEMENT
    

Schedule 2.01 – Commitments

	
		
	Lender
	Commitment

	JPMorgan Chase Bank, N.A.
	$190,000,000

	Citibank, N.A.
	$190,000,000

	The Bank of Tokyo-Mitsubishi UFJ, Ltd.
	$190,000,000

	BNP Paribas
	$130,000,000

	Goldman Sachs Bank USA
	$130,000,000

	Morgan Stanley Bank, N.A.
	$130,000,000

	The Bank of New York Mellon
	$90,000,000

	DBS Bank Ltd., Los Angeles Agency
	$80,000,000

	KeyBank National Association
	$80,000,000

	Mizuho Corporate Bank (USA)
	$80,000,000

	U.S. Bank National Association
	$80,000,000

	Wells Fargo Bank, N.A.
	$80,000,000

	The Northern Trust Company
	$30,000,000

	Taipei Fubon Commercial Bank Co., Ltd.
	$20,000,000

	Total
	$1,500,000,000

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