Technical Consumer Products Inc – IPO: ‘S-1’ on 10/17/01 – EX-10.9

On:  Wednesday, 10/17/01   ·   Accession #:  950152-1-505057   ·   File #:  333-71726

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Initial Public Offering (IPO):  Registration Statement (General Form)   —   Form S-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-1         Technical Consumer Products, Inc. S-1                 92    463K 
 2: EX-3.1      Articles of Incorporation/Organization or By-Laws      3     11K 
 3: EX-3.2      Articles of Incorporation/Organization or By-Laws     15     48K 
 7: EX-10.10    Material Contract                                     14     39K 
 8: EX-10.11    Material Contract                                      9     32K 
 9: EX-10.12    Material Contract                                     10     39K 
10: EX-10.13    Material Contract                                     11     38K 
11: EX-10.14    Material Contract                                     11     37K 
12: EX-10.15    Exhibig 10.15                                          4     16K 
 4: EX-10.7     Material Contract                                      8     39K 
 5: EX-10.8     Material Contract                                     12     44K 
 6: EX-10.9     Material Contract                                      2±     9K 
13: EX-16.1     Letter re: Change in Certifying Accountant             2     13K 
14: EX-23.1     Consent of Experts or Counsel                          1      6K 

EX-10.9   —   Material Contract

EX-10.9
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                                                                    EXHIBIT 10.9

 AMENDMENT

         This AMENDMENT is made and entered into this 13th day of November
    1998 by and between Technical Consumer Products, Inc. ("TCP"), an Ohio
      corporation located at 23632 Mercantile Rd., Unit A, in Beechwood, Ohio,
U.S.A. , represented by Ellis Yan, President; and                 

         PRACTICAL INNOVATIONS, INC. a Delaware corporation represented by
   its President, Andrzej Bobel ("PRACTICAL"), having principal place of
business at 201 Norman Ct., Des Plaines, Illinois 60016, U.S.A.   

       This AMENDMENT is made to the AGREEMENT dated June 18, 1996 and
signed by the above named parties.                                

This AMENDMENT is effective as of January 1, 1999.      

            Now, both parties, based on mutual considerations agree to amend the
AGREEMENT as follows:                                             

- Delete Paragraph 4.02 in its entirety.                          

- Enter New Paragraph 4.02 as follows:                            

4.02 Monthly Total Royalty Amount ("MTRA":                    
         In addition to the Licensing Fee provided for above, TCP shall pay to
       PRACTICAL a nonrefundable Monthly Royalty Payments based on the following
terms:                                                            
       For each and every calendar month, on or before the 15th day of the
       following calendar month during the term of this AGREEMENT and/or as long
  as PRODUCTS are sold by TCP or any other SELLER, the Monthly Royalty
    Payment shall be equal to: Twenty Cents US ($US0.20) multiplied by the
  total number of units of PRODUCTS sold during that particular month.
  However, in no case shall the Monthly Total Royalty Amount (MTRA) be
higher than:                                                      
 a) 4% (four percent) of the first $US500,000 (Five Hundred Thousand
Dollars US) of NET SALES during the particular calendar month, and

    b) 2% (two percent) of all NET SALES above the first $US500,000 during
that particular calendar month.                                   

    This AMENDMENT is mutually accepted and agreed to by TCP and
PRACTICAL, and shall constitute an integral part of the subject   
AGREEMENT.                                                        

Accepted and Agreed to:                                           

/s/Ellis Yan                     11/13/98                         
-----------------------------    ----------------------------     
Ellis Yan                        Date                             

/s/Andrzej Bobel                 11/13/98                         
-----------------------------    ----------------------------     
Andrzej Bobel                    Date                             

Dates Referenced Herein

This ‘S-1’ Filing		Date		Other Filings
Filed on:		10/17/01		None on these Dates
		1/1/99
		6/18/96
				List all Filings