SEC Contract Filing

Filing Date: 2015-06-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>v413268_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AMENDMENT EXTENDING TERM OF EMPLOYMENT
AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>THIS AGREEMENT </B>dated June 11, 2015 between Joel M. Bennett,
an individual (&ldquo;Executive&rdquo;) and JAKKS Pacific, Inc., a Delaware corporation (the &ldquo;Company&rdquo;), amends the
Employment Agreement (as such term is defined below) between Executive and the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>WITNESSETH</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>WHEREAS,</B> Executive and the Company entered into an Employment
Agreement dated October 21, 2011, which was modified and extended by an Agreement entitled Continuation and Extension of Term of
Employment Agreement dated February 18, 2014 (as modified and extended, collectively referred to as the &ldquo;Employment Agreement&rdquo;);
and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>WHEREAS,</B> Executive and the Company desire to extend the
Term of the Employment Agreement without modifying, changing, or otherwise amending any other provisions of the Employment Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>NOW, THEREFORE,</B> in consideration of the mutual promises,
representations and warranties set forth herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto, intended to be legally bound hereby, agree as follows:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Capitalized terms used and not defined herein have the respective meanings ascribed to them in the Employment Agreement.</TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD>Section 2 of the Employment Agreement is modified in its entirety to read as follows:</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.8in; text-align: justify">&ldquo;<U>Term.</U> The term of this
Agreement shall commence on the Effective Date and continue until December 31, 2017, subject to earlier termination on the terms
and conditions provided elsewhere in this Agreement (the &ldquo;Term&rdquo;). As used herein, &ldquo;Termination Date&rdquo; means
the last day of the Term.&rdquo;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify; padding-right: 0.8in">Except as expressly set forth herein, all other terms and provisions of the
Employment Agreement as amended shall remain in full force and effect and unmodified hereby, and Executive shall be entitled to
continue to receive all other benefits provided thereunder.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>IN WITNESS WHEREOF,</B> the parties hereto have duly executed
this Agreement as of the day and year first written above, intending to be legally bound hereby.</P>

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 <TD STYLE="width: 55%; font-size: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">EXECUTIVE:</FONT></TD>
 <TD STYLE="width: 45%">
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt">JAKKS PACIFIC, INC.</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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 <TD STYLE="width: 45%; border-bottom: Black 1pt solid">&nbsp;</TD>
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 <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
 <TD STYLE="width: 40%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
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 <TD><FONT STYLE="fo