{"id":42588,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/msn-search-agreement-overture-services-inc-and-microsoft-corp8.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"msn-search-agreement-overture-services-inc-and-microsoft-corp8","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/operations\/msn-search-agreement-overture-services-inc-and-microsoft-corp8.html","title":{"rendered":"MSN Search Agreement &#8211; Overture Services Inc. and Microsoft Corp."},"content":{"rendered":"<pre>Execution Version\n\n                                                                   EXHIBIT 10.11\n\n                                 AMENDMENT No. 5\n               Effective Date of Amendment No. 5: January 1, 2003\n\nThis AMENDMENT NO. 5 (\"Amendment No. 5\") to that certain MSN Search Agreement\ndated effective as of December 19, 2001 (the \"Agreement\") is made by and among\nOVERTURE SERVICES, INC., A DELAWARE CORPORATION (\"COMPANY\"), OVERTURE SEARCH\nSERVICES (IRELAND) LIMITED, OVERTURE SERVICES JAPAN Y.K. and MICROSOFT\nCORPORATION, A WASHINGTON CORPORATION (\"Microsoft\").\n\n                                    RECITALS\n\nThe parties desire to amend the Agreement on the terms and conditions provided\nherein; and\n\nThe parties desire to amend the Agreement to extend the MSN Japan\nimplementation into the main term of the Agreement (i.e. it is no longer a test\nimplementation) and to add a guaranteed payment for the MSN Search Site in\nJapan.\n\nThe parties hereby agree as follows:\n\n                                    AMENDMENT\n\n1.       Section 1.20 will be modified as follows (amendments in italics):\n\n         1.20    \"Minimum Queries\" means\n\n         (i)   [*] Queries rendering to the URL http:\/\/search.msn.com and\n\n         (ii)  [*] Queries rendering to the URL http:\/\/search.msn.fr and\n\n         (iii) [*] Queries rendering to the URL http:\/\/search.msn.co.jp.\n\n2.       A new Section 3.2.3.2 will be added as follows:\n\n                           3.2.3.2 Japan. For the twelve-month period beginning\n                           January 1, 2003 and ending December 31, 2003\n                           (\"Guaranteed Phase for MSN Japan\"), Company will pay\n                           to Microsoft the greater of (i) the Revenue Share\n                           Payment for the MSN Search Site in Japan as set forth\n                           in Section 3.2.2 and (ii) the Guaranteed Payment for\n                           MSN Search Site in Japan (as defined below)\n\n                           For the purposes of this Section 3.2.3.2, \"Guaranteed\n                           Payment for the MSN Search Site in Japan\" means the\n                           [*]\n\nPage 1 of 4                  CONFIDENTIAL     Overture-Microsoft Amendment No. 5\n                                                            MSN Search Agreement\n\n* Certain information on this page has been omitted and filed separately with \nthe Commission. Confidential treatment has been requested with respect to the \nomitted portions.\n\n\n\nExecution Version\n\n                           [*](not to exceed the maximum in Table 3, column D)\n                           from the MSN Search Sitein Japan.\n\n                           If Microsoft fails to deliver the Minimum Queries\n                           rendering to the URL http:\/\/search.msn.co.jp before\n                           December 31, 2003, then the Guaranteed Phase for MSN\n                           Japan will extend until all such guaranteed Queries\n                           are delivered (the \"Guaranteed Phase Extension for\n                           MSN Japan\"). During the Guaranteed Phase Extension\n                           for MSN Japan, Company will not be required to make\n                           any additional Guaranteed Payments, but Company will\n                           continue to be required to make Revenue Share\n                           Payments. Once the Guaranteed Phase for MSN Japan has\n                           concluded, Company shall pay Microsoft pursuant to\n                           Section 3.2.2 for Gross Revenue from the MSN Search\n                           Site in Japan.\n\n                                     Table 3\n               Guaranteed Payment for the MSN Search Site in Japan\n\n<\/pre>\n<table>\n<caption>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n                                                                    Column D:<\/p>\n<p>                                    Column C:                         [*]<br \/>\nColumn A:     Column B:<br \/>\n  Month        Period                 [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n<s>          <c>               <c>                     <c><br \/>\n1            January 2003             [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n2            February 2003            [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n3            March 2003               [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n4            April 2003               [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n5            May 2003                 [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n6            June 2003                [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n7            July 2003                [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n8            August 2003              [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n9            September 2003           [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n10           October 2003             [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n11           November 2003            [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n12           December 2003            [*]                             [*]<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\nTotal<br \/>\n&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;<br \/>\n<\/c><\/c><\/c><\/s><\/caption>\n<\/table>\n<p>4.       Section 3.2.4 will be deleted in its entirety and replaced with the<br \/>\nfollowing:<\/p>\n<p>                           3.2.4 Company will make all payments due to Microsoft<br \/>\n                           per Section 3.2.1 and 3.2.2 in U.S. Dollars, or other<br \/>\n                           currency as mutually agreed by the parties within<br \/>\n                           forty-five (45) days after the end of each calendar<br \/>\n                           month. All payments will be accompanied by a<br \/>\n                           statement showing in reasonable detail the basis for<br \/>\n                           the payment(s). Company and Microsoft will mutually<br \/>\n                           agree on whether Company will make a single payment<br \/>\n                           for all amounts due hereunder or separate payments<br \/>\n                           for individual markets. The parties have agreed to<br \/>\n                           make payments in Euros for payments relating to the<br \/>\n                           Germany and France Search Sites, in British Pounds<br \/>\n                           for payments relating to the UK Search Site, and in<br \/>\n                           Yen for payments relating to the Japan Search Site.<\/p>\n<p>* Certain information on this page has been omitted and filed separately with<br \/>\nthe Commission. Cofidential treatment has been requested with respect to the<br \/>\nomitted portions.<\/p>\n<p>Page 2 of 4                  CONFIDENTIAL     Overture-Microsoft Amendment No. 5<br \/>\n                                                            MSN Search Agreement<\/p>\n<p>Execution Version<\/p>\n<p> 3.      The New Market Test Period for Japan is over and Japan is added as a<br \/>\nnew &#8220;MSN Search Site&#8221; until the end of the Main Period Term pursuant to the<br \/>\nterms of Section 1 (e) of Amendment No. 1 to this Agreement.<\/p>\n<p>Defined terms herein have the same meaning as set forth in the Agreement, except<br \/>\nas otherwise provided.<\/p>\n<p>This Amendment No. 5 amends, modifies and supersedes to the extent of any<br \/>\ninconsistencies, the provisions of the Agreement. Except as expressly amended by<br \/>\nthis Amendment No. 5, the Agreement remains in full force and effect.<\/p>\n<p>IN WITNESS WHEREOF, the parties have executed this Amendment No. 5 as of the<br \/>\nAmendment No. 5 Effective Date set forth above. All signed copies of this<br \/>\nAmendment No. 5 are deemed originals. This Amendment No. 5 does not constitute<br \/>\nan offer by either party. This Amendment No. 5 is effective upon execution on<br \/>\nbehalf of Company and Microsoft by their duly authorized representatives.<\/p>\n<p>MICROSOFT CORPORATION                         OVERTURE SERVICES, INC.<\/p>\n<p>One Microsoft Way                             74 N. Pasadena Avenue, 3rd Floor<br \/>\nRedmond, WA 98052-6399                        Pasadena, CA 91103<\/p>\n<p>By \/s\/ John Krass                             \/s\/ William N. Demas<br \/>\n___________________________________           __________________________________<br \/>\n(Sign)                                        (Sign)<br \/>\n       John Krass                                       William N. Demas<br \/>\n___________________________________           __________________________________<br \/>\nName(Print)                                   Name(Print)<br \/>\n          PUM                                              SVP &amp; G.M.<br \/>\n___________________________________           __________________________________<br \/>\nTitle                                         Title<\/p>\n<p>Without limiting Company&#8217;s obligations hereunder, Overture Search Services<br \/>\n(Ireland) Limited hereby executes this Amendment for purposes of assuming the<br \/>\nobligations (subject to the guarantee by Company provided in Section 2.13 of the<br \/>\nAgreement) for the UK market as provided in Section 2.13 of the Agreement.<\/p>\n<p>OVERTURE SEARCH SERVICES (IRELAND) LIMITED<\/p>\n<p>By \/s\/ Todd Tappin<br \/>\n   ___________________________________<br \/>\n(Sign)<\/p>\n<p>Page 3 of 4                  CONFIDENTIAL     Overture-Microsoft Amendment No. 5<br \/>\n                                                            MSN Search Agreement<\/p>\n<p>Execution Version<\/p>\n<p>Name(Print) Todd Tappin<br \/>\n______________________________________<br \/>\nTitle CFO<\/p>\n<p>Without limiting Company&#8217;s obligations hereunder, Overture Services Japan Y.K.<br \/>\nhereby executes this Amendment for purposes of assuming the obligations (subject<br \/>\nto the guarantee by Company provided in Section 2.13 of the Agreement) for the<br \/>\nJapan market as provided in Section 2.13 of the Agreement.<\/p>\n<p>OVERTURE SERVICES JAPAN Y.K.<\/p>\n<p>By \/s\/ Shig Suzuki<br \/>\n______________________________________<br \/>\n(Sign) Shig Suzuki<br \/>\n______________________________________<br \/>\nName(Print) President<br \/>\n______________________________________<br \/>\nTitle<\/p>\n<p>Page 4 of 4                  CONFIDENTIAL     Overture-Microsoft Amendment No. 5<br \/>\n                                                            MSN Search Agreement<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8221,8435],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9613,9620],"class_list":["post-42588","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-microsoft-corp","corporate_contracts_companies-overture-services-inc","corporate_contracts_industries-technology__software","corporate_contracts_types-operations","corporate_contracts_types-operations__services"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/42588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=42588"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=42588"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=42588"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=42588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}