Exhibit 10(b)
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Third Amendment to
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InterTAN Advertising Agreement
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This Third Amendment to the InterTAN Advertising Agreement (the "Agreement") is by and between InterTAN, the InterTAN Group, and Tandy (all as defined in the Agreement). The parties hereto agree as follows:
1. Paragraph 1. of the Agreement (as previously amended), Section a), entitled "License of Materials". is hereby deleted and in its place is added the ---------------------------------------------------------------------- following: - ---------
"a) License of Materials.
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(i) Subject to all payments required hereunder being timely made by
INTERTAN GROUP and to INTERTAN GROUP's compliance with all the
terms of this Agreement, TANDY agrees to provide InterTAN with
the following (which are collectively referred to in this
Agreement as "Materials"):
(a) Market Research. Copies of all printed market research
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completed between January 1, 1994 and to December 31, 1997
on The Repair Shop at Radio Shack, You've Got Questions!
We've Got Answers! and the Radio Shack Gift Express programs
("Programs") which were used by TANDY in the development of
new and updated marketing strategies for TANDY's Radio Shack
Division;
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(b) Program Schedules. Copies of printed Radio Shack
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advertising schedules and calendars (including all changes)
for 1997 for the Programs;
(c) Sales Percentage. Printed bi-monthly advice of sales growth
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percentage by category for the Programs in 1997;
(d) Flyers and Inserts. Pre-release printed copies of all
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flyers and inserts for the Programs used by TANDY during
1997;
(e) Television Commercials. Video tape copies of all newly
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developed television commercials used by TANDY for the
Programs during 1997; and
(f) Radio Commercials. Cassette copies of all newly developed
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radio commercials used by TANDY for the Programs during
1997.
(ii) Subject to TANDY's entering into a definitive agreement with
Lord, Dentsu & Partners and subject to the provisions of that
agreement, TANDY grants a non-assignable, non-exclusive license
to INTERTAN GROUP to use the Materials in the Licensed Countries
in the limited manner specified in this Agreement.
(iii) INTERTAN GROUP shall have no right to sublicense or disclose any
of the Materials to any third party other than dealers and
franchisees duly granted a sublicense by INTERTAN GROUP in
accordance with the terms and conditions of the applicable
License Agreement. INTERTAN GROUP agrees to use the Materials
provided only as a source for concepts and ideas and will not
use the actual Materials provided in any other way.
(iv) INTERTAN GROUP will use only photograp ...
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