EXHIBIT 10.60
ADVERTISING IMPRESSION NETWORK CONTRACT
This agreement ("Agreement") is made on this 1st day of July 1999, by and
between XXXXXXX.XXX hereinafter "Nettaxi"), located at 0000 Xxxx Xxxxxx,
Xxxxxxxx, XX 00000 and MULTINET COMMUNICATIONS WORLDWIDE LIMITED (hereinafter
"Client"), located at 2001 Xxxxxxx Xxxxx, 00 Xxxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx:
WHEREAS, Nettaxi is in the business of providing Internet services,
including Web hosting services, an Internet portal and the business of
advertising delivery to unique IP addresses on the Internet, and
WHEREAS, Client wishes to engage Nettaxi to deliver banner advertising,
sponsorship advertising and "exit traffic" advertising,
NOW THEREFORE, for good and valuable consideration the parties do hereby
agree as follows:
1. TERM: The term of this Agreement shall be six (6) months commencing
on July 1, 1999, and then continue on a month-to-month basis subject to
cancellation by either party with thirty (30) days written notice.
2. PRICING: Client shall pay a minimum monthly guaranteed payment to
Nettaxi in the amount specified in Exhibit A. Client understands that Nettaxi
has allocated the agreed upon minimum number of banner advertising impressions
for their exclusive use. This minimum monthly amount is also intended to cover
the direction of "exit traffic" to the Client website, as well as occasional
sponsorship opportunities that may be provided at the sole discretion of
Nettaxi. Client agrees that should their website receive less than the
guaranteed number of ad impressions, or exit traffic, in any month, the Client
will accept such lesser amount as satisfaction of Nettaxi's impression
commitment.
3. ADVERTISING: Client will place banner advertising as well as receive
"exit traffic" as such term is understood on the Internet originating from the
URL's operated by Xxxxxxx.xxx, Inc. Client will have the right to resell such
banner advertising and exit traffic to its end customers.
4. WARRANTIES: Neither Client nor Nettaxi makes any warranties or
representations, either express or implied except as expressly set forth in this
Agreement. The Client acknowledges that it has the right and authority to enter
into this agreement.
5. LIMITATION OF LIABILITIES: Neither Client nor Nettaxi shall be
liable or held responsible for any delays, errors or problems in displaying
advertising materials, which may result in damages, direct, indirect or
consequential. In no event shall Nettaxi or the Client be responsible for any
alleged loss of profits, damages or other expenses alleged to have arisen out of
this Agreement. Any claims in this respect are expressly waived.
6. INDEMNIFICATION: Client agrees to indemnify and hold harmless
Nettaxi from and against any and all third party claims, suits or court actions,
including, by way of example and not limitation, actions for libel, copyright,
trademark or trade name
infringement, or infringements of rights of privacy or publicity, and any and
all claims based upon the content or subject matter of Client's advertisements.
In connection with this indemnification, Client shall be responsible for the
associated costs, including reasonable attorney fees.
7. GOVERNING LAW: This Agreement shall be governed and construed in
accordance with the laws of the United States of America, the State of
California, without effect to its conflict of law principles. The courts of the
State of California, county of Los Angeles shall have jurisdiction over any
disputes arising from or in connection with this Agreement.
8. SEVERABILITY: Should any provision of this Agreement be held to be
invalid or unenforceable, the remaining provisions will continue in full force
and effect.
9. INDEPENDENT CONTRACTORS: It is understood that the parties to this
Agreement are independent contractors and no agency, partnership, joint venture
or employer-employee relationship has been created by this Agreement.
10. ASSIGNMENT: This Agreement shall inure to the benefit of the
parties, their beneficiaries, successors and assigns.
11. ENTIRE AGREEMENT: This instrument constitutes the entire
agreement between the parties and may not be modified except by a written
instrument signed by both parties.
XXXXXXX.XXX, INC.
BY: _______________
DATE: _____________
Accepted and agreed:
MULTINET COMMUNICATIONS WORLDWIDE LIMITED
BY: ______________________________
DATE: ____________________________
Exhibit A
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Minimum Payment Impressions Allocated
---------------- ---------------------
July $ 50,000 7,142,857
August $ 50,000 7,142,857
September $ 50,000 7,142,857
October $ 50,000 7,142,857
November $ 50,000 7,142,857
December $ 50,000 7,142,857
