EXHIBIT 10.1
AMENDMENT NO. 1 TO MANAGEMENT SERVICES AGREEMENT
This AMENDMENT NO. 1 TO MANAGEMENT SERVICES AGREEMENT, is dated this 3rd
day of October, 2002.
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which
are hereby acknowledged, the Management Services Agreement ("MSA") dated
November 29, 2001, effective as of February 29, 2000, between XXXXXXX PLC and
INTERACTIVE DATA CORPORATION, is hereby amended by adding the schedules attached
hereto as Schedules 34, 35, 36 and 37 to the MSA (collectively, the "Additional
Schedules"), said amendments to be effective as of the commencement of each of
the respective Service Periods set forth in the Additional Schedules.
This Amendment and the Additional Schedules shall be subject to all of the
terms and conditions of the MSA. Except as hereby amended, the MSA is in all
other respects ratified and confirmed.
IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the
date first written above.
XXXXXXX PLC
By: /s/ Xxxx X. Xxxxx
Name: Xxxx Xxxxx
Title: General Counsel
INTERACTIVE DATA CORPORATION
By: /s/ Xxxxxx X. Xxxxx
Name: Xxxxxx X. Xxxxx
Title: Chief Financial Officer
and Executive Vice President
SCHEDULE 34
XX.XXX - FTS VIEW
Service Provider: FT Interactive Data (Europe) Limited
Service Recipient: Financial Times Information Limited
Service Description: Facilitate matching of news stories with home ticker
codes using FTS (view only) and Securities Alert
services
Primary Contacts: Operations Director, FT Interactive Data (Europe)
Limited, Fitzroy House, 00-00 Xxxxxxx Xxxxxx, Xxxxxx,
XX0X 0XX, Xxxxxxx
Commercial Director, Financial Times Information
Limited, Castle House, 00-00 Xxxx Xxxxxx, Xxxxxx,
XX0X 0XX, Xxxxxxx
Fees: 5 view licences GBP6,500 p.a. (in aggregate) plus
Securities Alert File(s):
<10,000 securities GBP0.80 per security p.a.
10,001 to 20,000 securities GBP0.50 per security p.a.
>20,000 securities GBP0.25 per security p.a.
Subject to a minimum of 5,000 securities p.a.
Charges from May 2001 to 31 Dec 2001 agreed at
GBP5,958.33.
Service Period: Commencing in May, 2001 and continuing thereafter until
such time as the service is terminated in accordance
with the terms of the Agreement.
Notice Period for 3 months
Termination:
SCHEDULE 35
FT FUND RATINGS DEVELOPMENT]
Service Provider: FT Interactive Data (Europe) Ltd.
Service Recipient: Financial Times Ltd.
Service Description: Development work for FT Fund Ratings
SET-UP
DEVELOPMENT
GBP800 per day (32.5 days, GBP26,000 estimated)
PRODUCTION
GBP600 per day (29.5 days,GBP17,700 estimated)
MANAGEMENT
GBP700 per day (5 days,GBP3,500 estimated)
ONGOING
GBP600 per day (7 days p.a., GBP4,200 p.a. estimated)
Primary Contacts: FTID - OPERATIONS DIRECTOR, FITZROY HOUSE
FTL - GENERAL MANAGER - FT FUNDS RATINGS, OSB
Fees: AS ABOVE
Service Period: FROM NOV 30 2001
Notice Period for 3 MONTHS
Termination:
SCHEDULE 36
FTFM DEVELOPMENT
Service Provider: FT Interactive Data (Europe) Ltd
Service Recipient: Financial Times Ltd
Service Description: Development work for FTfm
EDITORIAL
GBP450 per day (14 days,GBP6,300 estimated)
PRODUCTION
Initialisation - GBP600 per day (31 days,GBP18,600
estimated)
Ongoing - GBP85.70 per hour (152 hours p.a.,GBP13,026
p.a estimated)
DEVELOPMENT
GBP800 per day
(Estimated:
- Analysis and Management = 4.5 weeks
- Construction and unit testing
- Alphabetic sequencing = 2 weeks
- Two files creation = 4 weeks
- Logos = 3 weeks (2 of which from SIGMA/PA
domain)
- Fund Ratings is the subject of a separate
estimate
- System and Acceptance testing = 6 weeks
- Implementation and Production establishment = 2
weeks
Annual Report Service Indicator = 10 days
Total 23.5 week = 117.5 days, GBP94,000)
MANAGEMENT
GBP700 per day (5 days, GBP3,500 estimated)
Primary Contacts: FTID - OPERATIONS DIRECTOR, FITZROY HOUSE
FTL - ADVERTISING DIRECTOR, OSB
Fees: AS ABOVE
Service Period: FROM FEB 4 2002
Notice Period for 3 MONTHS
Termination:
Schedule 37
Service Provider: FT Interactive Data (Europe) Limited. ('FTID')
Service Recipient: Financial Times Information Limited. ('FTIL')
Service Description: Provision of cityline telephone codes within the
current camera ready pages for the Daily Express,
Sunday Express, Daily Star and Sunday Star.
Primary Contacts: Business Manager - FINSTAT
FT Interactive Data (Europe) Limited
Xxxxxxx Xxxxx, Xxxxxxx Xxxxxx, Xxxxxx XX0X 0XX
Tel: 000 0000 0000
XX.xxx manager
Financial Times Information Limited
One Xxxxxxxxx Xxxxxx
Xxxxxx
XX0 0XX
Tel: 000 0000 0000
Fees: FTIL shall pay the charges as specified herein:
1) Once-Off Charges:(pound)3,000. Payable within
30 days of receipt of invoice.
2) Recurring Charges: FTIL shall pay to FTID
15% of the total net revenues received by
FTIL from the telecommunications network
operators (i.e. after the operators have
deducted sums due to them) generated by the
operators' provision of the Cityline service
on behalf of express Newspapers ("net
revenues" means after tax deductions.)
Payable monthly in arrears.
Service Period: 28th June 2002 to the date of termination of
either the Syndication Agreement (dated 25th
June 2002) entered into between Express Newspapers
and Financial Times Information Limited or (if
earlier) the Market Data Agreement (dated
25th June 2002 entered into between FTID and
Express Newspapers Limited.
Notice Period for 90 days written notice. No termination permitted
Termination: for 6 months from the Effective Date of this
Additional Schedule.
