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FIRST AMENDMENT
TO
KATHY HILTON LICENSE
AGREEMENT
This First
Amendment ( this “
Amendment ”) to
Kathy Hilton License Agreement (the “
Agreement ”) dated October 13, 2006, by and
between KRH Licensing Company, LLC, a California limited liability
company (“ Licensor ”) and OmniReliant
Corp., a Florida corporation (“ Licensee
”) is made and effective on this 20 th day of
November, 2006.
WITNESSETH:
WHEREAS , the Agreement became effective on October 13,
2006, and continues in effect; and
WHEREAS , Licensor and Licensee desire to change the
date of the payment of the Guaranteed Minimum Royalty for the first
Annual Period from thirty (30) days following the Effective Date to
January 3, 2007.
NOW,
THEREFORE , in
consideration of the premises and the mutual covenants and
conditions contained herein, the Licensor and Licensee, each
intending to be legally bound, hereby agree as follows:
1.
Incorporation; Defined
Terms . The foregoing
recitals are true and correct and are hereby incorporated herein
and made a part hereof. All defined (capitalized) terms used, but
not defined, herein shall have the meaning ascribed to such terms
in the Agreement.
2. Amendment . The last paragraph of Article 8, Section A is
hereby amended in its entirety to read as follows:
The Guaranteed Minimum Royalty payable for each
Annual Period shall be paid to Licensor semi-annua
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