EXHIBIT 10(xvii)
January 14, 1999
Mr. Xxxx Xxxxxxxx
President and
Chief Executive Officer
Xxxxx Xxxxxxxx U.S.A., Inc.
00 Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dear Xxxx:
As we discussed by telephone this morning, I appreciate your working with us to
revise the License Agreement so that we will have more incentive to drive the
business forward and also be able to make a profit at Stride Rite.
You know I wanted greater concessions; nevertheless, after polling several
members of the Stride Rite Board, we accept your offer as delineated in Xxxx
Xxxxxxxx'x letter to Xxxxx Xxxxxxxx dated January 13, 1999.
With this new start, all of us here at Stride Rite look forward to working with
you to build the Xxxxx Xxxxxxxx footwear business to new heights.
Very truly yours,
/s/ Xxxxx X. Xxxxxxxx
Xxxxx X. Xxxxxxxx
XXX/ccj
Cc: Xxxxx Xxxxxxxx-President Brands, The Stride Rite Corporation
Xxxx Xxxxxxxx-Executive Vice President , Xxxxx Xxxxxxxx U.S.A., Inc.
