MSN Search Agreement - Overture Services Inc., Overture Search Services (Ireland) Ltd. and Microsoft Corp.
AMENDMENT NO. 3
Effective Date of Amendment No. 3: September 1, 2002
This AMENDMENT NO. 3 ("Amendment No. 3") to that certain MSN Search Agreement
dated effective as of December 19, 2001, as amended by that certain Amendment
No. 1 effective as of March 17, 2002, as further amended by that certain
Amendment No. 2 effective as of July 1, 2002 (as amended, the "Agreement") is
made by and among OVERTURE SERVICES, INC., A DELAWARE CORPORATION ("COMPANY"),
OVERTURE SEARCH SERVICES (IRELAND) LIMITED, AND MICROSOFT CORPORATION, A
WASHINGTON CORPORATION ("Microsoft").
RECITALS
The parties desire to amend the Agreement to add the MSN Search Site in Japan.
Overture Ireland is signing this Amendment No. 3 because of its status as a
party to the Agreement, but Overture Ireland is not conducting any business in
Japan and has no connection to the delegation of responsibility to Overture
Japan (as defined below) set forth below in this Amendment No. 3.
The parties hereby agree as follows:
AMENDMENT
1. The parties wish to add Japan as a New Test Market per the below
specifications:
(a) The "MSN Home Page" for Japan will be: http://www.msn.co.jp or as
reasonably updated by Microsoft with successor URLs during the
Term.
(b) The "MSN Search Site" for Japan will be: http://search.msn.co.jp
or as reasonably updated by Microsoft with successor URLs during
the Term.
(c) The New Market Test Period for Japan will commence on the
Commercial Launch Date for Japan and end on the date that is [*]
following the Commercial Launch Date for Japan, unless earlier
terminated by either party as provided in this Amendment No. 3.
The date of the Commercial Launch Date for Japan shall be mutually
agreed to by the parties.
(d) Overture Japan (as defined below) will make Company's payments to
Microsoft for the New Market Test for Japan in Yen.
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MSN Search Agreement
* Certain information on this page has been omitted and filed separately with
the Commission. Confidential treatment has been requested with respect to the
omitted portions.
<PAGE>
2. Definition 1.23 ("MSN Home Page") will be deleted in its entirety and
replaced with the following (amendments in italics):
1.23 "MSN Home Page" means the initial MSN Web Pages in the
international markets, as shown below. This Agreement may be
extended to incorporate other international markets, which will
have attendant URLs, as mutually agreed by the parties or as
reasonably updated by Microsoft with successor URLs during the
Term.
<Table>
<Caption>
Region Market URL(s)
--------------- ------------ ------------------------------------------
<S> <C> <C>
North America US http://www.msn.com (English speaking)
http://www.yupimsn.com (Spanish speaking)
Canada http://www.msn.ca (English speaking)
Non-North UK http://www.co.uk
America
Germany http://www.msn.de
France http://www.msn.fr
Japan http://www.msn.co.jp
</Table>
3. Definition 1.25 ("MSN Search Site") will be deleted in its entirety and
replaced with the following (amendments in italics):
1.25 "MSN Search Site" means the MSN Search Results Pages in the
international markets shown below. This Agreement may be extended
to incorporate other international markets or languages in
current markets, which will have attendant URLs, as mutually
agreed by the parties or as reasonably updated by Microsoft with
successor URLs during the Term.
<Table>
<Caption>
Region Market URL(s)
--------------- ------------ ------------------------------------------
<S> <C> <C>
North America US http://search.msn.com (English speaking)
http://busqueda.yupimsn.com/ (Spanish
speaking)
Canada http://search.msn.ca (English Speaking)
Non-North UK http://search.msn.co.uk
America
Germany http://search.msn.de
France http://search.msn.fr
Japan http://search.msn.co.jp
</Table>
4. The following new definitions will be added as follows:
1.45 "Overture Japan" means Overture Services Japan Y.K., a
Japanese corporation.
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MSN Search Agreement
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1.46 "Commercial Launch Date" means the date Microsoft first makes the
Company Search Results available on a new MSN Search Site.
5. A new Section 2.5.5 ("Coverage") will be added as follows:
2.5.4 Japan. The Selected Terms list for Queries rendering to the URL
http://search.msn.co.jp will be agreed upon in writing.
6. Section 2.13 ("International Subsidiaries") will be deleted in its
entirety and replaced with the following:
2.13 International Subsidiaries. Company may inform Microsoft that a
subsidiary that is wholly owned, directly or indirectly, by
Company will be responsible for the obligations of Company under
this Agreement with respect to the market served by that
wholly-owned subsidiary. Any such notification or delegation by
Company shall not limit Company's obligations and liabilities to
Microsoft under this Agreement, and Company hereby agrees to
guarantee all such obligations and liabilities in the relevant
market. Without limitation of the foregoing, Company has informed
Microsoft that (i) Overture Ireland, its wholly-owned subsidiary,
shall be responsible for Company's obligations relating to the
MSN Search Site in the UK market, the MSN Search Site in Germany,
the MSN Search Site in France and (ii) Overture Japan, its
wholly-owned subsidiary, shall be responsible for Company's
obligations relating to the MSN Search Site in Japan.
7. Term of Amendment No. 3. This Amendment No. 3 will commence as of August
1, 2002 ("Effective Date of Amendment No. 3") and continue until the end
of the Main Period Term, unless this Amendment No 3 is terminated earlier
pursuant to Sections 1(c) or 1(d) of Amendment No. 1, or pursuant to the
termination provisions of the Agreement.
8. Defined terms herein have the same meaning as set forth in the Agreement,
except as otherwise provided.
9. This Amendment No. 3 amends, modifies and supersedes to the extent of any
inconsistencies, the provisions of the Agreement. Except as expressly
amended by this Amendment No. 3, the Agreement remains in full force and
effect.
IN WITNESS WHEREOF, the parties have executed this Amendment No. 3 as of the
Amendment No. 3 Effective Date set forth above. All signed copies of this
Amendment No. 3 are deemed originals. This Amendment No. 3 does not constitute
an offer by
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either party. This Amendment No. 3 is effective upon execution on behalf of
Company and Microsoft by their duly authorized representatives.
MICROSOFT CORPORATION OVERTURE SERVICES, INC.
One Microsoft Way 74 N. Pasadena Avenue, 3rd Floor
Redmond, WA 98052-6399 Pasadena, CA 91103
By /s/ JOHN KRASS /s/ TED MEISEL
----------------------------------- --------------------------------------
(Sign) (Sign)
John Krass Ted Meisel
-------------------------------------- --------------------------------------
Name(Print) Name(Print)
PUM CEO
-------------------------------------- --------------------------------------
Title Title
Without limiting Company's obligations hereunder, Overture Search Services
(Ireland) Limited hereby executes this Amendment for purposes of assuming the
obligations (subject to the guarantee by Company provided in Section 2.13 of the
Agreement) for the UK market as provided in Section 2.13 of the Agreement.
OVERTURE SEARCH SERVICES (IRELAND) LIMITED
International Financial Services Centre,
North Wall Quay, Dublin 1
Ireland
By /s/ JOHANNES LARCHER
-----------------------------------
(Sign)
Johannes Larcher
--------------------------------------
Name(Print)
Director
--------------------------------------
Title
Without limiting Company's obligations hereunder, Overture Services Japan Y.K.
hereby executes this Amendment for purposes of assuming the obligations (subject
to the guarantee by Company provided in Section 2.13 of the Agreement) for the
Japan market as provided in Section 2.13 of the Agreement.
OVERTURE SERVICES JAPAN Y.K.
By /s/ JOHANNES LARCHER
-----------------------------------
(Sign)
Johannes Larcher
--------------------------------------
Name(Print)
Director
--------------------------------------
Title
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