A. | Client and GEODIS executed that certain Logistics Services Agreement dated February 22, 2012 (the "Agreement"); |
B. | GEODIS provides both warehouse services and transportation services to Client pursuant to the Agreement; |
C. | Client wishes to renew the Agreement with respect to the warehousing services, but not with respect to the transportation services; and, |
D. | The Parties desire to further amend the Agreement as set forth herein. |
1. | As of September 1, 2016, Ozburn-Hessey Logistics, LLC changed its name to Geodis Logistics LLC. All references to Ozburn-Hessey Logistics, LLC or OHL is modified to reflect Geodis Logistics LLC or GEODIS. |
2. | The term of the Agreement specific to the provision of warehousing and distribution Services is hereby renewed through May 31, 2023 (the "Term"). At least six (6) months prior to the end of such Term, both Parties agree to discuss and determine whether the Agreement will be further renewed and the terms thereof. |
3. | The Transportation Management Services ("TM Services") provided by GEODIS to Client will not be renewed. Effective immediately, the Agreement will be amended as follows: |
a. | Under the Section DEFINITION: |
1) | "Carrier Contract" shall be struck and deleted in its entirety. |
2) | "Carrier" shall mean any motor or other carrier designated by CLIENT to pick-up Product at the Facility. |
b. | Section 2.A. TRUCKING AND DOMESTIC TRANSPORTATION SERVICES shall be deleted in its entirety with the exception of Section 2A(13) which shall remain unchanged. |
c. | Section 2.B. WAREHOUSING AND DISTRIBUTION SERVICES shall be amended as follows: |
1) | The last sentence in Section 2(B)1 shall be deleted and replaced with as follows: "GEODIS's services, including the care, custody and control of Product shall terminate upon acceptance by the Carrier in a sealed trailer or other transit vehicle." |
2) | Section 2(B)(8)(e) shall be amended to add "[I]n the event GEODIS, for the convenience of CLIENT and Carriers, permits Carriers to drop or park trailers or containers on the Facility yard, GEODIS shall not be liable for loss or damage to Product, trailers or containers occurring while the trailers or containers are on the yard." |
d. | The first paragraph of Section 4. INDEMNIFICATION AND INSURURANCE shall be restated as follows: |
e. | The second paragraph of Section 4. INDEMNIFICATION AND INSURURANCE shall be restated as follows: |
f. | Upon payment of all final invoices related to the TM Services: (i) Section 7 C. Termination for Cause by CLIENT (Transportation Services), (ii) the paragraph titled "Domestic Transportation Management Services" of Section 10. Terms of Payment, and (iii) Exhibit D - Transportation Services & Compensation, shall each be deleted in their entirety. |
4. | Section 9. NOTIFICATION shall be amended as follows: |
5. | Retroactively effective June 1, 2018, the pricing is amended as follows: |
6. | The Parties further agree that the purchase and/or lease of certain capital is necessary in relation to the renewal and this Amendment. Therefore, an additional equipment lease fee of $1,291.49 will be charged to Client each month during the Term. Before the expiration of the Term, should Client terminate the Agreement for convenience, or should GEODIS terminate for cause, the applicable ending balance on the attached Equipment Lease Schedule shall be due to GEODIS, in addition to any other sums due as set forth in the Agreement. |
7. | Any capitalized terms not defined herein shall have the meanings set forth in the Agreement. Except as provided herein, the Agreement shall remain unchanged and in full force and effect in accordance with its terms. It is specifically understood and agreed that the foregoing shall not be deemed to be a waiver or amendment of any other provision of the Agreement or any of GEODIS's rights or remedies under the Agreement. |
Cambium Learning, Inc. | GEODIS LOGISTICS LLC |
Name: /s/ Barbara Benson Title: CFO Date: 8/3/2018 | Name: /s/ Mike Honious Title: COO Date: 8/20/2018 |