ADDENDUM
This Addendum dated as of February 21, 1996 supplements the AP Express
Agreement between Press Association, Inc. ("PA") and Video Broadcasting
Corporation ("VBC") dated November 1, 1992 (the "Agreement").
All capitalized terms used herein but not otherwise defined herein shall
have the same meaning assigned to such terms in the Agreement. If there is any
inconsistency between the terms and conditions of this Addendum and the
Agreement, this Addendum shall control.
Notwithstanding the terms and conditions of the Agreement, PA and VBC agree
to expand their relationship for the distribution of public relations and
corporate news information in audio ("Audio News Release", or "ANR") and text
("Text News Release", or "TNR") or also in text as an advisory to an ANR ("Text
News Advisory" or "TNA"), (collectively, "VBC Information") to radio stations
which currently receive and AP or PA service.
1. PA agrees to transmit ANR's, which may also include a related actuality
and natural sound, over the AP Network News Main Channel. Each ANR, may also
include a TNA to notify radio stations of the availability of an ANR, a
description of the material provided on the ANR and a script for the ANR. Each
ANR will run for a length of no longer than three (3) continuous minutes and
each accompanying TNA will not exceed 500 words in length.
2. PA agrees to provide two, five-minute periods each weekday at 4:06 a.m.
to 4:11 a.m. Eastern and 3:06 p.m. to 3:11 p.m. Eastern for transmission of
ANR's on the AP Network News Main Channel. PA may, in its sole discretion,
adjust such transmission times as may be necessary to accommodate its regular
and breaking news programming upon reasonable notice to VBC. In addition, PA
may, in its sole discretion, adjust such transmission times as may be necessary
to accommodate increased transmission volume of ANR's.
3. PA also agrees to transmit to radio stations TNR's unrelated to the
transmission of an ANR distributed over the AP Network News Main Channel. Each
such TNR may not exceed a total of 300 words in length.
4. Each TNR and TNA shall be transmitted to each radio station capable of
receiving such transmission, as determined by PA, and in which VBC has received
and provided to PA a signed authorization by the station to receive such
material. Notwithstanding the above, PA agrees to seek authorization from those
radio stations currently receiving the AP Express text service.
5. THE CONFIDENTIAL PORTION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
COMMISSION.
6. During the term of this Addendum, VBC shall have the exclusive right to
market TNR's over the AP Express text-delivery network to radio stations.
7. The parties understand that TNR's cannot be marketed viably until the AP
Express text-delivery network reaches at least 300 radio stations. During the
term of this Addendum, PA intends to expand the current number of AP Express
text delivery locations.
8. THE CONFIDENTIAL PORTION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
COMMISSION.
9. THE CONFIDENTIAL PORTION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
COMMISSION.
10. THE CONFIDENTIAL PORTION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
COMMISSION.
IN WITNESS WHEREOF, the authorized representatives of the parties hereto
have executed this Addendum as of the date written above.
VIDEO BROADCASTING CORPORATION PRESS ASSOCIATION, INC.
By: /s/ J. Xxxxxx XxXxxxxxx By: Signature
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Executive Vice President Vice President
at Washington, D.C.
