Nautilus 2003 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2003 Nautilus annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 93

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93

SIXTH AMENDMENT TO LICENSE AGREEMENT
This Sixth Amendment (hereafter, “Amendment”) is made this 2
nd
day of May , 2003, and amends the License Agreement by and
between Piaget Associates, L.L.C. (hereinafter “Licensor”) and The Nautilus Group, Inc., formerly known as Direct Focus, Inc. (hereinafter,
“Licensee”), such License Agreement dated April 26, 1999 (hereafter “Agreement) and amended by the First Amendment on October 7, 1999,
Second Amendment of April 26, 2000, Third Amendment of April 11, 2001, Fourth Amendment of October 4, 2001, and Fifth Amendment of
December 31, 2002.
NOW THEREFORE, for One Dollar ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:
1. Section 1.1 of the Agreement shall be amended as follows to add U.S. Patent Des. 421,779 entitled “Treadmill-Type Exercise Apparatus”
and U.S. Patent No. 5,626,539 entitled “Treadmill Apparatus with Dual Spring-Loaded Treads” as two of the patents licensed under the
Agreement:
In section 1.1, line 3, after “U.S. Patent Des. 406,621” insert “U.S. Patent Des. 421,779 and U.S. Patent No. 5,626,539”
2. In the event of a conflict between the terms and conditions of this Amendment, and those contained in the Agreement, as amended by the
previous five amendments, the provisions of this Amendment shall govern.
3. All other terms and conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment to be effective as of the date first written above.
PIAGET ASSOCIATES, L.L.C.
THE NAUTILUS GROUP, INC.
By:
/s/ Gary D. Piaget
By:
/s/ Brian R. Cook
Name:
Gary D. Piaget
Name:
Brian R. Cook
Title:
Gary Piaget, Owner
Title:
CEO