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PARTNERSHIP AGREEMENT
THIS AGREEMENT is made and entered into this 3rd day of November, 2003, by and between Website Pros, Inc. (Company), a Delaware corporation located at 12735 Gran Bay Parkway West, Building 200, Jacksonville, FL 32258 and Discover Financial Services, Inc. (DFSI), a Delaware Corporation, located at 2500 Lake Cook Road, Riverwoods, IL 60015.
RECITALS
WHEREAS, DFSI has a network of merchants to which DFSI would like to offer Companys products and/or services;
WHEREAS, Company provides Website Design, Internet Promotion, and related website hosting products/services;
WHEREAS, The parties desire to enter into a co-promotional relationship pursuant to which DFSI can promote Company and Company products to its Merchants, employees of Merchants, DFSI employees and the employees of its parent company, Morgan Stanley and customers and clients of Morgan Stanley and its affiliate and subsidiary companies.
WHEREAS, The parties desire to share applicable revenues from the promotion, distribution, and sale of Company products and/or services to DFSI Customers in accordance with this Agreement;
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, DFSI and Company agree as follows:
TERMS
DEFINITIONS. Whenever used in this Agreement with the initial letter capitalized, the following terms (and all conjugations thereof) will have the following specified meanings:
Confidential Information means any and all information related to the services and/or business of a Party including any trade secrets and that is treated as confidential or secret by the Party (that is, it is the subject of efforts by the disclosing party that are reasonable under the circumstances to maintain its secrecy) including, but not limited to, the terms and conditions of this Agreement. Confidential Information shall not include information (a) already lawfully known to or independently developed by the receiving party, (b) disclosed in published materials by a party which has the right to publish such information (c) generally known to the public, or (d) lawfully obtained from any third party without any obligation of confidentiality.
DFSI Customer means any Merchant, any employee of a Merchant, Discover Cardmember, DFSI employee, employee of Morgan Stanley, and customers and clients of Morgan Stanley and its affiliate and subsidiary companies.
Marks means all domain names, trademarks, trade names, service marks, logos and slogans associated with a Partys products and/or services as set forth in Exhibit A and Exhibit B attached hereto.
Merchant means any business entity that accepts Discover Card as a form of payment.
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Net Collected Monies means the monies collected by DFSI or Company as payment for services rendered by company. This is the total dollars received, less chargebacks, policy adjustments, ACH returns, Company issued credits and refunds, and third party processing fees.
Party means any corporation, partnership, limited liability company or other entity that is a signatory to this Agreement.
Third Party means a natural person, corporation, partnership, limited liability company or other entity other than a Party to this Agreement.
AGREEMENTS
DFSI and Company agree as follows:
Commencing as of the Effective Date and as agreed by both parties, DFSI agrees to promote Company and Company Products to selected DFSI Customers.
Each Party requires that each use of its Marks be in accordance with the identifiers provided in Exhibit A, in the case of DFSI, and Exhibit B, in the case of Company. Prior to the release of any marketing, advertising, or other materials that reference or include the other Party or the other Partys Marks, the releasing party shall submit a request for approval to the other Party together with samples of the materials to be released. Neither Party shall release any such material prior to receiving the other Partys written approval thereof.
The products and/or services provided by Company through this Partnership Agreement shall be marketed and promoted in accordance with Mutual Marketing Plan in Exhibit C attached hereto.
DFSI and Company understand that, in the ordinary course of their business, they may collect data that is substantially similar, such as the name, address, and billing information, provided by or directly obtained from their customers. DFSI and Company agree that any such data, provided by or obtained directly from customers will be considered the Confidential Information of the party that collects or obtains such data. DFSI and Company agree that such information will be used only for the promotional purposes set forth in this Agreement and for no other purposes.
Company will collect and process all orders placed for the products and/or services as described in Exhibit D attached hereto.
Company shall provide technical and customer support in accordance with the Service Level Agreement described in Exhibit E attached hereto.
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Company will pay DFSI commissions in an amount equal to a percentage of the Net Collected Monies received from the Merchants that are generated from DFSI customers in accordance with this Agreement, based on the schedule listed below. Net Collected Monies collected by DFSI via its billing methods will be paid to Company within [*] for the billing file receipt date, net of its commissions. Company will pay DFSI commissions on the Net Collected Monies collected by Company via its billing methods within [*] of the end of the calendar month in which these funds were received by the Company from the Merchant. The commission schedule is as follows:
DFSI agrees to report [*]% of all DFSI initiated credits, policy adjustments, and ACH rejects or returns in an expeditious manner as the ACH returns are made available occurring with the Merchant and all such events reported regardless of time period will be deducted from any Net Collected monies regardless of when revenues are billed and reported. DFSI agrees to also provide the following billing services pursuant to this agreement:
Company shall provide monthly reports to DFSI, in a form and format reasonably designated by DFSI to: 1) facilitate DFSIs billing of DFSI Merchants for Online Services; and 2) provide results for each DFSI Merchant account contacted by Company for the purpose of selling Online Services.
Each Party shall maintain accurate records sufficient to substantiate all amounts paid or owed to the other Party pursuant to this Agreement. Either Party, at its own expense, and upon [*] advance notice to the other Party, shall have the right, but not more than once during any [*] period, to examine or audit such records in order to verify the figures reported in any report hereunder and the amounts owed to such Party. The audited records as well as the results of any such audit shall be considered Confidential Information as set forth in this Agreement. In the event that any such audit shall reveal an underpayment of the amount due to DFSI, Company will remedy such underpayment and the cause for such underpayment immediately and reimburse DFSI for the actual out-of-pocket costs and expenses of such audit.
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DFSI and Company are entering into this Agreement as independent contractors only. Nothing in this Agreement herein will create any employment relationship between the Parties. Neither Party will have the authority to enter into contracts, assume, create or incur any obligation or liability or make agreements of any nature whatsoever for, in the name of, or on behalf of, the other Party.
Company agrees to treat DFSI and their Most Favored Client meaning that Company will not enter into an agreement for the same or similar services with competitors of DFSI unless the products and services offered through such agreement are equal to or clearly less favorable in regards to pricing, promotion, products, and services than those provided in this Agreement, based on comparable commission rates paid to a DFSI competitor for these services.
The Mark owner may terminate the foregoing trademark license if, in its discretion, the licensees use of the Marks tarnishes, blurs or dilutes the quality associated with the Marks and such problem is not cured within [*] notice of breach. Title to and ownership of the owners Marks shall remain with the owner. The licensee shall use the Marks exactly in the form provided and in conformance with any trademark usage policies provided to such Party. The licensee shall not take any action inconsistent with the owners ownership of the Marks, and any benefits accruing from use of such Marks shall automatically vest in the owner. Neither Party shall create any combination Marks with the other Partys Marks. The license granted by the Mark holder does not include any ownership interest in its Mark or intellectual property and does not include the right to modify or alter in any way such Mark.
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There are no implied licenses under this Agreement, and any rights not expressly granted to a licensee hereunder are reserved by the licensor or its suppliers. Neither Party shall exceed the scope of the licenses granted hereunder.
DFSI represents and warrants to Company that: (1) DFSI has the power and authority to enter into and perform its obligations under this Agreement, (2) DFSI has the full and exclusive right to grant or otherwise permit Company to use DFSIs Marks in accordance with the terms of this agreement. If DFSIs intellectual property rights, including, without limitation, DFSIs Marks, are alleged or held to infringe the intellectual property rights of a third party, DFSI shall, at its own expense, and in its sole discretion, (i) procure for Company the right to continue to use the allegedly infringing intellectual property or (ii) replace or modify the intellectual property to make it non-infringing; provided, however, if neither option is possible or economically feasible and if the inability to use intellectual property would cause a material breach of this Agreement, Company may terminate this Agreement in accordance with section 15 of this Agreement.
Company represents and warrants to DFSI that: (1) Company has the power and authority to enter into and perform its obligations under this Agreement; and (2) Company has the full and exclusive right to grant or otherwise permit DFSI to use Companys Marks. If Companys intellectual property rights, including, without limitation, Companys Marks are alleged or held to infringe the intellectual property rights of a third party, Company shall, at its own expense, and in its sole discretion, (i) procure for DFSI the right to continue to use the allegedly infringing intellectual property, or (ii) replace or modify the intellectual property to make it non-infringing; provided, however, if neither option is possible or economically feasible and if the inability to use such intellectual property would cause a material breach of this Agreement (as determined by DFSI), DFSI may immediately terminate this Agreement in accordance with section 15 of this Agreement.
Each Party acknowledges that Confidential Information may be disclosed to the other Party during the course of this Agreement. Each Party agrees that it shall take steps, which shall include, at a minimum, the steps it takes to protect its own Confidential Information, to prevent the duplication or disclosure of Confidential Information. Except as expressly permitted by this Agreement, all Confidential Information shall be held and protected by the recipient in strict confidence, shall be used by the recipient only as required to render performance or to exercise rights and remedies under this Agreement, and shall not be disclosed to any other third parties without the prior written consent of the owner of the Confidential Information thereof. Each Party agrees that it will use the other Partys Confidential Information solely in connection with the aforementioned discussions and that it will not, except as required by law, disclose any of the other Partys Confidential Information to any of its affiliates, directors, officers or employees, or to any Third Party, except on a need to know basis to perform such Partys obligations hereunder, who shall each agree to comply with the terms of this Section 12. Each Party shall retain exclusive ownership and use of its Confidential Information with the right to demand return or proof of destruction of Confidential Information from the other Party at any time.
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Each Party may disclose the Confidential Information of the other Party in response to a request for disclosure by a court or another governmental authority, including a subpoena, court order, or audit-related request by a taxing authority, if that party: (i) promptly notifies the other Party of the terms and the circumstances of that request, (ii) consults with the other Party, and cooperates with the other Partys requests to resist or narrow that request, (iii) furnishes only information that, according to written advice of its legal counsel, that the Party is legally compelled to disclose, and (iv) uses efforts to obtain an order or other reliable assurance that confidential treatment will be accorded the information disclosed.
Company agrees to perform all duties and provide all products and services under this agreement in a commercially acceptable manner. Additionally, Company agrees to comply with the Service Level Requirements set forth in Exhibit E of this Agreement.
In no event shall either Party be liable to the other Party for any loss of profits, loss of business, loss of use or data, interruption of business, or for indirect special, incidental, exemplary, multiple, punitive or consequential damages of any kind, whether based on contract, tort (including without limitation, negligence), warranty, guarantee or any other legal or equitable grounds, even if such Party has been advised of the possibility of such damages. In no event will either Party be liable to the other Party for any representation or warranty made end user/consumer or Third Party by the other Party. These limitations shall survive and apply notwithstanding the validity of the limited remedies provided for in the Agreement. The limitations set forth in this Section 13.2 shall not apply to the Parties indemnification obligations set forth in section 13.4 below and shall not affect either Partys right to seek injunctive relief.
Except as expressly set forth in the Agreement, neither party makes, and each Party hereby specifically disclaims, any representations or warranties regarding Companys products and/or services or otherwise relating to these Agreement, including any implied warranty of merchantability or fitness for a particular purpose and implied warranties arising from course of dealing or course of performance.
Each Party agrees to indemnify, and hold harmless the other Party and its officers, directors, employees, agents, successors and assigns from and against any and all losses, liabilities, damages, penalties and claims and all related costs and expenses (including attorneys fees) related to claims made by Third Parties against the indemnified party arising from allegations that the indemnifying partys Marks or other intellectual property infringe the patents, copyrights, trademarks, or service marks or other intellectual property rights of such Third Parties. Each Party agrees to promptly notify the indemnifying party in writing of any indemnifiable claim. The indemnified party shall cooperate in all reasonable respects with the indemnifying party and its attorneys in the investigation, trial, defense and settlement of such claim and any appeal arising therefrom. The indemnified party may participate in such investigation, trial, defense and settlement of such claim and any appeal arising therefrom, through its attorneys or otherwise, at its own cost and expense. No settlement of a claim shall be entered into without the consent of the indemnified party, which consent will not be unreasonably withheld, unless the settlement includes an unconditional general release of the indemnified party.
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In performing under this Agreement, DFSI shall:
In performing under this Agreement, Company shall:
The initial term of this Agreement shall be [*] from the Effective Date of this Agreement (the Term) and may renew for separate, consecutive [*] terms only upon the written, signed authority of both parties.
This Agreement may be terminated by the Parties as follows: (a) either Party may terminate this Agreement at any time in the event of a material breach by the other Party of this Agreement that remains uncured [*] after the breaching Partys receipt of written notice of the breach; (b) either Party may terminate this Agreement immediately if the other Party is unable to pay its debts as due, or enters into or files (or has filed or commenced against it) a petition, arrangement, action or other proceeding seeking relief or protection under the bankruptcy laws of the United States or similar laws of the United States or any state of the United States; and (c) either Party may terminate this Agreement, at its option and for any reason without cause or penalty, upon [*] written notice to the other Party.
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Upon any expiration or termination of this Agreement, (a) DFSI will cease and discontinue all promotions of Company and Company products and/or services, including any promotional materials which include Company; (b) all commissions/referral fees earned by DFSI prior to the date of any such expiration or termination will be paid to DFSI according to the terms of this Agreement; if DFSI terminates the Agreement; or within [*] of the termination if Company terminates the Agreement; (c) Company shall no longer use any DFSI Customer lists to market Company products and/or services and shall, [*] of the termination return or provide proof of destruction of any such lists that Company has in its possession as of the date of said termination; (d) Company shall cease all marketing to DFSI Customers, remove any co-branded web sites or web sites referencing DFSI; (e) fulfill all remaining orders that have been placed as of the Termination Date by DFSI Customers in accordance with the Agreement; and (f) DFSI will continue to provide billing, collection, and related funds settlement services as defined in this agreement so long as there are active merchants participating in this program.
The Agreement, including any Exhibits attached hereto, constitutes the entire understanding and agreement with respect to its subject matter, and supersedes any and all prior or contemporaneous representations, understandings and agreements whether oral or written between the Parties relating to the subject matter of this Agreement.
In the event that any provision of this Agreement is found to be invalid or unenforceable pursuant to judicial decree or decision by a court of competent jurisdiction, the remaining provisions shall nonetheless remain enforceable according to their terms and such invalid provision shall be deemed amended to narrow its application to the extent necessary to make the provision enforceable according to applicable law, and enforced as amended.
Neither Party shall, directly or indirectly, though any sale, assignment, merger or other transaction or by operation of law, assign or transfer this Agreement or any of its rights hereunder, or delegate any of its obligations hereunder, to any Third Party without the prior written consent of the other Party. This Agreement shall be binding upon and inure to the benefit of each Party and its permitted successors and assigns.
This Agreement shall be governed by the laws of the State of Illinois without giving effect to applicable conflict of law provisions.
All fees and payments stated herein exclude, and each Party will pay, any taxes related to its exercise of its rights under this Agreement and any related duties, tariffs, imposts and similar charges.
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Within five (5) business days of the execution of this Agreement, each Party agrees to designate an account manager or supervisor who shall have primary responsibility of the day-to-day management of the duties required to effectively execute the terms and conditions of this Agreement. In the event that either Party should change account managers, that Party will promptly notify the other Party within five (5) business days of such change.
Each Party hereto shall pay and be responsible for their own costs and expenses incurred or arising in connection with their own performance hereunder.
No course of dealing between the Parties will be deemed effective to modify, amend or discharge any provision of this Agreement or any rights or obligations of any Party hereunder. No waiver, amendment or modification of any provision of this Agreement shall be effective unless in writing and signed by both Parties.
Upon expiration or termination of this Agreement, all rights and duties of the parties terminate, except the following survive: sections, 10, 12, 13, and 15 of this Agreement. The parties must cooperate to fulfill all surviving obligations in a timely manner.
All notices, requests, demands, and other communications hereunder must be in writing and will be deemed given if personally delivered or mailed, certified mail, return receipt requested, or sent by nationally recognized overnight carrier to the following address:
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IN WITNESS WHEREOF, each of the Parties have duly caused this Agreement to be executed by its duly authorized officer as of the Effective Date set forth Above.
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Exhibit A Discover Marks
NOTE: THIS EXHIBIT A MAY BE AMENDED FROM TIME TO TIME AS REQUIRED BY COMPANY AND ALL SUCH AMENDMENTS SHALL BE INCORPORATED HEREIN.
BUSINESS SERVICES
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Exhibit B Company Marks
Website Pros. Inc. QuikPage Visibility Online NetObjects Fusion NetObjects Matrix
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Exhibit C Mutual Marketing Plan
DFSI and Company shall work cooperatively to promote the sale or usage of the products and/or services offered by Company through this program. This plan may include, but is not limited to, the following:
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Exhibit D Company Products And/Or Services
Company agrees to display the Discover Card as the first credit card appearing on the site built on behalf of the Discover Merchant for all products offered by Company.
QuikPage Website Product
Visibility On-Line (Focus on matching local buyers with local merchants!)
Custom Web Design Services Custom Advantage Site
Custom Premium Site
[*] = 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.
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Enterprise Site
Ecommerce Shopkeeper
Vendor
Merchant
Entrepreneur
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Exhibit E Service Level Agreement
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AMENDMENT NUMBER ONE TO PARTNERSHIP AGREEMENT
THIS FIRST AMENDMENT TO PARTNERSHIP AGREEMENT (the First Amendment) is made and entered into as of this day of December, 2004 by and between Website Pros, Inc. (Company), a Delaware corporation located at 12735 Gran Bay Parkway West, Building 200, Jacksonville, FL 32258 and Discover Financial Services, Inc. (DFSI), a Delaware Corporation, located at 2500 Lake Cook Road, Riverwoods, IL 60015.
WHEREAS, Company and DFSI entered into a Partnership Agreement dated as of November 3, 2003 (Partnership Agreement); and
WHEREAS, DFSI and Company are agreeing to renew and extend this agreement as amended in this agreement effective November 3, 2004, for a period of 1 year; and
WHEREAS, DFSI and Company wish to amend the terms of their Partnership Agreement;
NOW, THEREFORE, the parties hereto agree as follows:
a. New Terms
Card means a valid payment card or access device displaying a Discover or Discover Network logo, service mark or acceptance mark, or the Card Account if the Card is not present at a physical location.
Card Account means the account represented by a unique account number which the Cardmember may use as permitted by the Issuer.
Company Products means the products and services offered by Company under the Partnership Agreement, which includes but is not limited to, full-service website development, on-line marketing, internet advertising through local yellow pages directories and search engine registration.
Discover Network means the network that supports and services Merchants who accept Cards.
Issuer means a third party that DFSI has permitted to issue Cards.
Merchant means any business entity that accepts Cards as a form of payment.
Net Collected Margin means the net margin monies collected by DFSI or Company as payment for services rendered by Company on products as outlined in Exhibit D, Section 2 of this amendment. This is the total dollars received, less service fees to the third party provider of these service as described in Exhibit D Section 2 of this amendment, less chargebacks, policy adjustments, ACH returns, Company issued credits and refunds, and third party processing fees.
Promotional Material means welcome kit, e-newsletters, email updates and any marketing/advertising material that includes the other Party or the other Partys Marks.
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b. Modified Terms
Net Collected Monies means the monies collected by DFSI or Company as payment for services rendered by Company on products as outlined in Exhibit D, Section 1 of this amendment. This is the total dollars received, less chargebacks, policy adjustments, ACH returns, Company issued credits and refunds, and third party processing fees.
6.1 Net Collected Monies.
For products and services rendered to Merchants as described in Exhibit D, Section 1 of this amendment, Company will pay DFSI commissions in an amount equal to a percentage of the Net Collected Monies received from the Merchants that are generated from DFSI customers in accordance with this Agreement, based on the schedule listed below. Net Collected Monies collected by DFSI via its billing methods will be paid to Company within [*] of the billing file receipt date, net of its commissions. Company will pay DFSI commissions on the Net Collected Monies collected by Company via its billing methods within [*] of the end of the calendar month in which these funds were received by the Company from the Merchant. The commission schedule is as follows:
6.2 Net Collected Margin.
For products and services rendered to Merchants as described in Exhibit D, Section 2 of this amendment, Company will pay DFSI commissions in an amount equal to a percentage of the Net Collected Margin received from the Merchants that are generated from DFSI customers in accordance with this Agreement, based on the schedule listed below. Net Collected Margins collected by DFSI via its billing methods will be paid to Company within [*] of the billing file receipt date, net of its commissions. Company will pay DFSI commissions on the Net Collected Margins collected by Company via its billing methods within [*] of the end of the calendar month in which these funds were received by the Company from the Merchant. The commission schedule is as follows:
6.3 Billing Services.
DFSI agrees to report [*]% of all DFSI initiated credits, policy adjustments, and ACH rejects or returns in an expeditious manner as the ACH returns are
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made available occurring with the Merchant and all such events reported regardless of time period will be deducted from any Net Collected Monies or Net Collected Margin regardless of when revenues are billed and reported. DFSI agrees to also provide the following billing services pursuant to this agreement:
(a) Within [*] after the end of each calendar month in which DFSI collects money from DFSI Merchants on behalf of Company, DFSI will send Company via electronic mail a report which includes all billing activities including collected accounts, policy adjustments, credits, ACH returns and other transactions that impact Net Collected Monies or Net Collected Margin that took place in the prior month including Merchant names and account numbers, (b) Settlement and payment of Net Collected Monies or Net Collected Margin for any specific month within [*] days of the end of that month.
6.4 Monthly Telemarketing and Retention Fee.
DFSI agrees to pay Company $[*] per month for the telemarketing and retention efforts of Company and shall be contingent upon the successful implementation of the monthly programs. DFSI and Company will work together to define monthly programs.
6.5 Welcome Kit.
Private label Welcome Kit customization will be approved by DFSI prior to Company printing.
7. Reports.
7.1 Merchant Reports.
Company shall provide [*] reports to DFSI, in a form and format reasonably designated by DFSI to: 1) facilitate DFSIs billing of DFSI Merchants for Online Services; and 2) provide results for each DFSI Merchant account contacted by Company for the purpose of selling Online Services.
7.2 Additional Reports.
Company will provide the following reports on a [*] and/or [*] basis:
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7.3 [*] Reports.
Company shall also provide [*] summaries of all the reports in Sections 7.1 and 7.2 for the [*] meetings between the Parties.
16.3 Assignment.
Neither Party shall, directly or indirectly, through any sale, assignment, merger or other transaction or by operation of law, assign or transfer this Agreement or any of its rights hereunder, or delegate any of its obligations hereunder, to any Third Party without the prior written consent of the other Party that will not be unreasonably withheld. This Agreement shall be binding upon and inure to the benefit of each Party and its permitted successors and assigns.
[*] = 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.
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Exhibit A Discover Marks
NOTE: THIS EXHIBIT A MAY BE AMENDED FROM TIME TO TIME AS REQUIRED BY COMPANY AND ALL SUCH AMENDMENTS SHALL BE INCORPORATED HEREIN.
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Exhibit D Products And Services
The Company Products and prices are listed on www.Discover.websitepros.com. Company may change the products and pricing upon [*] prior written approval by DFSI which shall not be unreasonably withheld.
For all Company Products, Company agrees to display all Cards in the first position on the sites built on behalf of the Merchant.
Section 1: Company Products governed by the Net Collected Monies revenue calculations:
Section 2: Products Governed by Net Collected Margin Revenue Share Calculations
A) Special Placement Internet Yellow Page Advertisements at Yahoo!, Switchboard, or other Properties.
B) Specialty Pay Per Click Advertising Search Engine Advertising (by category & industry)
Additional Company Products to be considered for either Section 1 or 2 of this program will be presented by Company to DFSI in a timely fashion and Company must receive DFSIs prior written approval before offering said products.
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IN WITNESS WHEREOF, each of the Parties have duly caused this Agreement to be executed by its duly authorized officer as of the Effective Date set forth Above.
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AMENDMENT NUMBER TWO TO PARTNERSHIP AGREEMENT
THIS SECOND AMENDMENT TO PARTNERSHIP AGREEMENT (the Second Amendment) is made and entered into as of this 2nd day of September 2005 by and between Website Pros, Inc. (Company), a Delaware corporation located at 12735 Gran Bay Parkway West, Building 200, Jacksonville, FL 32258 and Discover Financial Services, LLC (DFS), a Delaware Limited Liability Corporation, located at 2500 Lake Cook Road, Riverwoods, IL 60015.
WHEREAS, Company and DFS entered into a Partnership Agreement dated as of November 3, 2003, and as amended by Amendment Number One to the Partnership Agreement dated December 2004 (Agreement); and
WHEREAS, DFS and Company wish to extend the term of the Agreement.
NOW, THEREFORE, the parties hereto agree as follows:
IN WITNESS WHEREOF, each of the parties have duly caused this Second Amendment to be executed by its duly authorized officer as of the effective date set forth above.
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