Exhibit 10.15
ADDENDUM TO PREFERRED CARRIAGE AGREEMENT
This Addendum to Preferred Carriage Agreement (the "Addendum") is entered into
as of June 30, 1998 between CNET, Inc., a Delaware corporation ("CNET"), and
Snap! LLC, a Delaware limited liability company ("Snap"). CNET, Snap, National
Broadcasting Company, Inc. and NBC Multimedia, Inc. entered into a Preferred
Carriage Agreement dated as of June 30, 1998 (the "Original Agreement").
Capitalized terms used in this Addendum and not otherwise defined have the
meanings assigned to such terms in the Original Agreement.
The parties to the Original Agreement intended to include in the Original
Agreement a requirement that CNET make available to Snap certain banner
advertising inventory on CNET's Xxxxxx.xxx Internet site, but this provision was
inadvertently omitted from the Original Agreement. Accordingly, CNET and Snap
hereby agree as follows:
1. From July 1, 1998 through December 31, 1998, CNET will make available
to Snap, at no charge, 10% of the banner advertising inventory on Xxxxxx.xxx.
Snap may use such inventory to promote the Snap service, but may not assign such
inventory to any third party. In connection with such advertising, Snap will
comply with the standard advertising terms and conditions applicable generally
to advertising customers of Xxxxxx.xxx.
2. CNET will deliver to Snap, at no charge, 3,490,043 banner
impressions on Xxxxxx.xxx., which will equate the advertising value provided
by CNET to the value of advertising Snap has provided to CNET under Section 5
of the Preferred Carriage Agreement through 12/31/98. As such, Snap will
cease to provide CNET additional advertising under Section 5 subsequent to
12/31/98. Snap may use such inventory to promote the Snap service, but may
not assign such inventory to any third party. In connection with such
advertising, Snap will comply with the standard advertising terms and
conditions applicable generally to advertising customers of Xxxxxx.xxx. CNET
will fulfill such obligation by 12/31/99.
3. Except as expressly modified by this Addendum, the Original Agreement
remains in full force and effect in accordance with its terms. References in
the Original Agreement to the "Agreement" are hereby amended to refer to the
Original Agreement, as amended by this Addendum. This Addendum and the Original
Agreement constitute and contain the entire agreement between the parties with
respect to the subject matter hereof and thereof and supersede any prior oral or
written agreements. This Addendum will be construed in accordance with and
governed by the laws of the State of New York, without regard to principles of
conflicts of law.
IN WITNESS WHEREOF, the undersigned parties (which are the only parties to the
Original Agreement that have obligations under this Addendum) have caused this
Addendum to be executed by their duly authorized representatives as of the date
first written above.
CNET, INC. SNAP! LLC
By: /s/ Xxxxxxx X. Xxxxxxx By: /s/ Xxxxxx X. Xxxx
Title: Chief Financial Officer Title: Chief Financial Officer
