Extension Agreement

Trademark License Extension Agreement

EXHIBIT 10.3

 

TRADEMARK LICENSE EXTENSION AGREEMENT

 

This Extension Agreement dated as of April 10, 2006 is by and between Hallmark Licensing, Inc. (“Hallmark Licensing”) and Crown Media United States, LLC (“Crown US”).

 

WHEREAS, Crown US and Hallmark Licensing have previously entered into that certain Amended and Restated Trademark License Agreement between the parties dated as of March 17, 2001 as extended on November 30, 2002, as of August 28, 2003, as of August 1, 2004, and as of August 1, 2005 (the “License Agreement”); and

 

WHEREAS, the parties desire to further extend the term of the License Agreement;

 

NOW, THEREFORE, Crown US and Hallmark Licensing hereby agree as follows:

 

The term of the License Agreement shall be extended for an additional period terminating on September 1, 2007, subject to any earlier termination pursuant to the terms of the License Agreement.

 

All other terms and conditions of the License Agreement will remain unchanged and in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have executed this Extension Agreement as of the date set forth above.

 

 

HALLMARK LICENSING, INC.

 

 

By:

/s/ Deanne Stedem

 

 

 

 

Title:

/s/ Vice President

 

 

 

 

 

 

 

CROWN MEDIA UNITED STATES, LLC

 

 

 

By:

/s/ Charles Stanford

 

 

 

 

Title:

/s/ Vice President