THIS LICENSE AGREEMENT is made effective February 1, 2002, by and between DICKIE WALKER
MARINE, INC., a California corporation ("DWM"), and GERALD W. MONTIEL, individually ("Montiel").
RECITALS AND REPRESENTATIONS
WHEREAS, DWM is engaged in the design, manufacture, marketing and distribution of a line of boating apparel,
accessories and decorative items under the Dickie WalkerTM brand name.
WHEREAS, Montiel is Chairman of the Board, Chief Executive Officer, Chief Marketing Officer and a majority
shareholder of DWM.
WHEREAS, the Dickie WalkerTM brand name is inspired by a sixty-three foot, wooden-hulled Nova Scotian
trawler named "The Dickie Walker."
WHEREAS, Montiel is the sole owner of The Dickie Walker and has title to The Dickie Walker free and clear of
all liens, encumbrances and claims of others.
WHEREAS, since October 10, 2000, there has been an oral agreement between DWM and Montiel whereby
Montiel has allowed DMW to use the "Dickie Walker" name and the likeness and image of The Dickie Walker.
WHEREAS, DWM currently has eight (8) trademark applications pending in the United States Patent and
Trademark Office that include the words "Dickie Walker Built 1951 Authentic Marine" and a picture of The
WHEREAS, to support and permit the development of the Dickie WalkerTM brand name, DWM desires to
continue using the "Dickie Walker" trademark and brand name and the likeness and image of The Dickie Walker
in accordance with the terms and conditions of this Agreement, and Montiel wishes to allow DMW to continue to
use the "Dickie Walker" trademark and brand name and to license the use of the likeness and image of The
Dickie Walker to DWM in accordance with the terms and conditions of this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants herein contained, the adequacy and sufficiency of
which are acknowledged, the parties agree as follows:
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