Amendment no. 3 to the Global Agreement
Exhibit 4.35
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Amendment no. 3 to the
(New Commercial Terms for Q2, Q3 and Q4 2017)
This Amendment no. 3 (“Amendment”) is made on 1 April 2017 (“Effective Date”) with reference to the Global Agreement (“Agreement”), and is effective between:
Amadeus IT Group, S.A., a Spanish company with principal offices at X/Xxxxxxxx xx Xxxxxxxxx 0, 00000 Xxxxxx, Xxxxx, (“Amadeus”) - and -
MakeMyTrip (India) Private Limited, an Indian company having its principal place of business at 00xx Xxxxx, Xxxxxxxx Xx. 0, XXX Xxxxx Xxxx, Xxxxxxx, 000000 (“Customer”) (Collectively, the “Parties”).
WHEREAS, the Parties have executed the Agreement, effective from 1 April 2012;
WHEREAS, the Parties wish to amend certain provisions of the Agreement in this Amendment;
NOW THEREFORE, the Parties agree as follows:
1. |
Amendments to the Agreement |
1.1 |
The definition of Booking shall be deleted and replaced with the following: |
“Booking” means an individual air (“Air Booking”), car or hotel (“Non-Air Booking”) reservation entry, or entries in the itinerary portion of a PNR booked and processed in the Amadeus System which has not been cancelled, unconfirmed or unfulfilled and, in the case of an Air Booking, has had a ticket or similar document issued (“Ticketed Booking”).
1.2 |
The following definitions shall be added to Article 1 of the Agreement: |
“Eligible Booking” means a Booking which is not a Non-Eligible Booking on which Amadeus may apply an incentive scheme and which is described on Exhibit 2 of this Agreement. For clarification, for purposes of any incentive schemes hereunder, Eligible Bookings count for a particular Customer Office only where the Customer Office is the last owner of the Booking.
“Non-Eligible Booking” means a Booking on which Amadeus does not apply an incentive scheme and which is described on Exhibit 7 of this Agreement.
1.3 |
All references to “Net Bookings” in the Agreement shall be replaced with “Eligible Bookings”. |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
1.5 |
Exhibit 7 to this Amendment shall be added as Exhibit 7 to the Agreement. |
2. |
Term and Termination |
This Amendment shall be effective from the Effective Date until 31 December 2017 (the “Term”). This Amendment shall automatically terminate upon the termination or expiration of the Agreement for any reason.
3. |
Confidentiality |
The terms and conditions of this Amendment constitute confidential information and will be treated by the Parties as confidential information in accordance with the terms and conditions of the Agreement.
4. |
General |
4.1 |
All capitalized terms undefined herein shall have the meanings ascribed to them in the Agreement. |
4.2 |
Except as expressly modified by this Amendment, all other terms and conditions of the Agreement shall remain in full force and effect. In the event of any conflict or inconsistencies between the Agreement and this Amendment, the provisions of this Amendment shall prevail to the extent of such conflict or inconsistencies. |
4.3 |
Section 3 of this Amendment (Confidentiality) shall survive the expiration or termination of this Amendment. |
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment to take effect on the date herein above written.
Amadeus IT Group, S.A. |
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MakeMyTrip (India) Private Limited |
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By: Decius Valmorbida |
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By: Xxxxx Xxxxx |
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Title: Sr. VP Travel channels |
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Title: Mr. |
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Date: 23 February 2018 | 11:05:27 GMT |
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Date: 21 February 2018 | 10:42:16 CET |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Territories, Customer Offices and Office IDs
The Agreement is valid only for the Territories and Customer Offices listed below, unless otherwise agreed by the Parties in an amendment hereto.
Territory |
Customer Office Name |
Customer Office Location |
Office ID |
India |
MAKE MY XXXX.XXX |
AMD |
AMDMY3377 |
India |
MAKE MY XXXX.XXX |
AMD |
AMDMY38AJ |
India |
MAKE MY TRIP.COM-AMD |
AMD |
AMDMY38BL |
India |
MAKE MY XXXX.XXX |
BDQ |
BDQMY3269 |
India |
MAKE MY XXXX.XXX |
BHO |
BHOVS3135 |
India |
MAKE MY TRIP(INDIA)PVT LTD |
BLR |
BLRMY313X |
India |
INGOTS - MMT FRANCHISE |
BLR |
BLRMY31ZO |
India |
MAKE MY XXXX.XXX |
XXX |
XXXXX000X |
India |
MAKE MY XXXX.XXX |
BOM |
BOMMY38JH |
India |
HOLIDAY HUB |
CCU |
CCUMY31SO |
India |
MAKE MY XXXX.XXX |
CCU |
CCUMY3618 |
India |
ACE MARKETING - MMT FRANCHISE |
DED |
DEDMY3155 |
India |
XXXXXXXXXX.XXX |
DEL |
DELI228BM |
India |
MAKE MY XXXX.XXX |
DEL |
DELI228CW |
India |
MMT FRANCHISEE - BANBOI HOLIDAYS PVT LTD |
DEL |
DELMY32HM |
India |
XXXXXXXXXX.XXX |
DEL |
DELMY33O4 |
India |
BONA VITA |
DEL |
DELMY33ZG |
India |
XXXXXXXXXX.XXX (FARE XPERT) |
DEL |
DELMY34KL |
India |
MAKE MY XXXX.XXX |
DEL |
DELMY34YZ |
India |
MAKE MY XXXX.XXX |
DEL |
DELMY36FE |
India |
MAKE MY XXXX.XXX |
DEL |
DELMY36RO |
India |
MAKE MY XXXX.XXX |
DEL |
DELMY38DK |
India |
MAKE MY TRIP. COM |
DEL |
DELMY38RG |
India |
XXXXXXXXXX.XXX |
DEL |
DELWI2202 |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Territory |
Customer Office Name |
Customer Office Location |
Office ID |
MAKE MY TRIP INDIA PVT. LTD. |
GAU |
GAUMY3191 |
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India |
MAKEMYTRIP(INDIA) PVT LTD. |
GOI |
GOIMY3211 |
India |
SHARMA TRAVEL - MMT FRANCHISE |
HYD |
HYDMY31XN |
India |
MAKE MY TRIP INDIA PVT. LTD. |
HYD |
HYDMY3716 |
India |
MAKEMYTRIP INDIA PVT. LTD. |
IDR |
IDRMY3200 |
India |
MAKEMYTRIP INDIA PVT. LTD. |
ISK |
ISKMY3127 |
India |
RK ASSOCIATES(DE-INSTL WEF 19JAN17) |
IXD |
IXDMY3120 |
India |
MAKE MY XXXX.XXX |
IXE |
IXEVS3168 |
India |
MMT FARANCHISE JAMMU- OSR TRAVELS |
IXJ |
IXJMY3150 |
India |
OM SHUBH YATRA - MMT FRANCHISE |
KNU |
KNUMY3170 |
India |
MAKE MY TRIP INDIA PVT. LTD. |
LKO |
LKOMY3216 |
India |
MAKEMYTRIP INDIA PVT. LTD. |
LUH |
LUHMY3152 |
India |
PRAGATHI TOURS(DEINSTALL WEF 13MAY16) |
MAA |
MAAMY31VF |
India |
XXXXX XXX FLY TRAVELS - MMT FRANCHISE |
MAA |
MAAMY31VG |
India |
MAKEMYTRIP (INDIA) XXX.XXX. |
MAA |
XXXXX0000 |
India |
MAKEMYTRIP INDIA XXX.XXX. |
NAG |
NAGMY3169 |
India |
MAKEMYTRIP(INDIA) PVT LTD. |
PNQ |
PNQMY3480 |
India |
YAATRA TOURS & TRAVELS - MMT FRANCHISE |
PNY |
PNYMY3201 |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Territory |
Customer Office Name |
Customer Office Location |
Office ID |
MAKE MY TRIP |
SHL |
SHLMY3120 |
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India |
MAKE MY XXXX.XXX |
STV |
XXXXX0000 |
Singapore |
LUXURY TOURS AND TRAVELS PTE. LTD |
SIN |
SINMY38BL |
Thailand |
INTERNATIONAL TOURS CENTRE CO., LTD./ITC |
BKK |
BKKIJ310V |
Thailand |
INTERNATIONAL TOURS CENTRE CO., LTD. |
BKK |
BKKIQ310Q |
Thailand |
INTERNATIONAL TOURS CENTRE CO.,LTD./ITC |
BKK |
BKKIQ340R |
Thailand |
INTERNATIONAL TOURS CENTRE CO.,LTD/I.T.C |
BKK |
BKKIW38C6 |
Thailand |
INTERNATIONAL TOURS CENTRE CO., LTD. |
BKK |
XXXXX000X |
Xxxxxxxx |
INTERNATIONAL TOURS CENTRE CO.,LTD. |
BKK |
XXXXX0000 |
Xxxxxxxx |
INTERNATIONAL TOURS CENTRE CO.,LTD |
BKK |
BKKTG25Y5 |
Thailand |
MAKE MY TRIP/I T C |
BKK |
BKKTG27UJ |
United Arab Emirates |
MAKE MY TRIP C/O SNTTA |
DXB |
DXBAD38SS |
United States |
MAKE MY XXXX.XXX |
NYC |
XXX0X00X0 |
Xxxxxx Xxxxxx |
MAKE MY XXXX.XXX |
NYC |
NYC1S21K0 |
United States |
XXXXXXXXXX.XXX INC |
OAK |
OAK1S214T |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
1. |
Booking Incentive. Amadeus shall pay Customer an incentive per Eligible Booking (the “Booking Incentive”) as follows: |
1.1 |
India |
Table 1.1
XXXX |
XXXX |
XXXX |
All Other Eligible Bookings* |
XXXX |
XXXX |
XXXX |
XXXX |
* Applies to Domestic and International Eligible Bookings, subject to exceptions listed in Exhibit 7
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(a) |
“Domestic” means an Air Booking on a city pair where the departure city and arrival city are both in the same country. |
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(b) |
“International” means an Air Booking that is not a Domestic Booking. |
1.2 |
Other markets |
Table 1.2
Point of sale |
Booking Incentive* |
XXXX |
XXXX |
XXXX |
XXXX |
XXXX |
XXXX |
XXXX |
XXXX |
* Applies to Domestic and International Eligible Bookings, subject to exceptions listed in Exhibit 7
2. |
India Performance Bonus. Amadeus shall pay the Customer a one-time performance bonus in the amount of XXXX(“Performance Bonus”) in recognition of Customer’s performance during 2017. Customer will submit an invoice to Amadeus for the Performance Bonus and the Performance Bonus will be paid by Amadeus within forty-five days (45) days of receipt of Customer invoice. |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
3. |
Strategic Partner Status. Amadeus shall pay the Customer an amount of XXXX (“Product Fund”) subject to the following terms: |
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3.1 |
The Product Fund shall be utilized solely to offset charges for Amadeus products and services. |
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3.2 |
The Product Fund may not be utilized for third-party products or for new products developed and customized by Amadeus specifically for Customer. |
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3.3 |
In no event shall the Product Fund be paid out in cash, nor will unused portions of the Product Fund earned in a Year roll over subsequent Years. |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Products and Services
Amadeus and/or the applicable Amadeus ACO will provide Customer Offices with the following products and services at the following charges which are exclusive of taxes which will be added, if applicable. Products and services not listed below will be charged, if ordered, at then prevailing rates or as otherwise agreed. Products and services not listed below will be charged, if ordered, at then prevailing rates or as agreed between the Parties. The below charges will be invoiced by Amadeus centrally, and Amadeus shall provide reports upon which the invoices are based.
Product Description |
Charges per Unit (USD) |
Units |
Comments |
Amadeus Ticket Changer (ATC) – Classic and Shopper |
XXXX |
XXXX |
XXXX |
Amadeus Mini-rules |
XXXX |
XXXX |
XXXX |
Amadeus Travel Alerts Notifier (ATAN) |
XXXX |
XXXX |
XXXX |
Amadeus Master Pricer Travelboard, Master Pricer Expert, Master Pricer Calendar |
XXXX |
XXXX |
XXXX |
Amadeus Central Transaction System Transactions (CST) |
XXXX |
XXXX |
XXXX |
Amadeus Web Services Development License fee |
XXXX |
XXXX |
XXXX |
Amadeus Web Services Development support and certification Fee |
XXXX |
XXXX |
XXXX |
Amadeus Web Services Late Development Fee |
XXXX |
XXXX |
XXXX |
Amadeus Web Services Transactions |
XXXX |
XXXX |
XXXX |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Product Description |
Charges per Unit (USD) |
Units |
Comments |
MPIS 250 |
XXXX |
XXXX |
XXXX |
Extreme Search |
XXXX |
XXXX |
XXXX |
Ghost Bookings |
XXXX |
XXXX |
XXXX |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Non- Eligible Bookings and Provider Programs
1. |
“Non-Eligible Bookings” are Bookings that, unless otherwise expressly stated in this Exhibit, (i) are not counted towards any Eligible Booking volume calculations, and (ii) for which Amadeus pays no Incentives. Non-Eligible Bookings include: |
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(i) |
Unproductive Bookings (HX, UN, NO, UC); |
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(ii) |
Passive and ghost bookings; |
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(iii) |
Non-GDS bookings (bookings made outside of the Amadeus System); |
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(iv) |
Bookings made on airlines that connect to the Amadeus System via Amadeus Ticketless Access, Light Ticketing or similar connectivity (when appropriate); |
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(v) |
Bookings on content not in the Amadeus System as of the Effective Date; |
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(vi) |
All bookings of a Provider or specific bookings of a Provider, as indicated in Table 1 below; and |
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(vii) |
All bookings that have not been paid by the relevant Provider. |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Amadeus will have the right to amend the Provider listing in Table 1 and Non-Eligible Bookings listed above by giving Customer three (3) months’ prior written notice (the “Notice”). If Customer objects to any such amendment, it must notify Amadeus no later than 60 days following the Notice, in which case Amadeus may engage in good faith discussions with Customer. If such amendment is made without any changes based on such good faith negotiations, and same affects Customer by more than 10% in terms of Incentive revenue under this Agreement when compared to the prior Year, then Customer may terminate this Agreement upon 90 days advance written notice, said notice to be provided to Amadeus no later than 30 days after Amadeus’ implementation of such amendment.
Table 1
POS Market |
Provider Type |
Provider Code |
Provider Name |
Booking type |
Thailand |
Airline |
XXXX |
XXXX |
ALL |
Thailand |
Airline |
XXXX |
XXXX |
Domestic |
Thailand |
Airline |
XXXX |
XXXX |
Group Bookings |
Thailand |
Airline |
XXXX |
XXXX |
Domestic |
Thailand |
Airline |
XXXX |
XXXX |
Domestic |
Singapore |
Airline |
XXXX |
XXXX |
ALL |
Singapore |
Airline |
XXXX |
XXXX |
Group Bookings |
Singapore |
Airline |
XXXX |
XXXX |
ALL |
Singapore |
Airline |
XXXX |
XXXX |
ALL |
Confidential Treatment Requested
The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission. |
Table 2
POS Market |
Provider Code |
Provider Name |
Type of segments |
Incentive per Eligible Booking (USD) |
Opt-in charge per Eligible Booking (USD) |
USA |
XXXX |
XXXX |
ALL |
XXXX |
XXXX |
USA |
XXXX |
XXXX |
ALL |
XXXX |
XXXX |
USA |
XXXX |
XXXX |
ALL |
XXXX |
XXXX |
USA |
XXXX |
XXXX |
ALL |
XXXX |
XXXX |
USA |
XXXX |
XXXX |
ALL |
XXXX |
XXXX |
USA |
XXXX |
XXXX |
ALL |
XXXX |
XXXX |
Thailand |
XXXX |
XXXX |
International |
XXXX |
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Singapore |
XXXX |
XXXX |
ALL |
XXXX |
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India |
XXXX |
XXXX |
ALL |
XXXX |
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India |
XXXX |
XXXX |
ALL |
XXXX |
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Singapore |
XXXX |
XXXX |
ALL |
XXXX |
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