VIA EMAIL AND FACSIMILE Fax: (310) 578-9316 October 4, 2000 Brent N. Cohen President & CEO US Search Corp.com
Exhibit 10.3
Fax: (000) 000-0000
October 4, 2000
Xxxxx X. Xxxxx
President & CEO
US Search Xxxx.xxx
0000 Xxxxxxxxx Xxxxxx
Los Angeles, CA 90066
Dear Xxxxx:
Per your email and our conversation, Yahoo! Inc. and US Search have agreed to amend the Advertising and Promotion Agreement (the “Agreement”) entered into as of May 28, 1999, in order to allow US Search additional time to pay Yahoo! the fees under the Agreement that were due to Yahoo! on September 25, 2000, and which will be due on December 24, 2000. Accordingly, the parties agree to amend the payment schedule in Section 8.1 of the Agreement as follows:
| Payment |
Date | |||
| $450,000.00 |
September 25, 2000 (received on Friday 9/29/00) | |||
| $450,000.00 |
October 25, 2000 | |||
| $438,461.50 |
November 24, 2000 | |||
| $223,077.22 |
December 24, 2000 |
US Search agrees to adhere to Yahoo’s wiring instructions are as follows:
IMPERIAL BANK
2015 Manhattan Beach Blvd
Redondo Beach, CA 90278
Attn: Central California Regional Office
Routing #: 000000000
Beneficiary Account Name: Yahoo! Inc.
Beneficiary Account Number: 0000-000-000
| xxx.xxxxx.xxx |
[address illegible] |
Yahoo reserves all of its rights under the Agreement of May 28, 1999 including, specifically, but without limitation, the rights to immediately cause running US Search’s advertising units and seek payment as forth in the Agreement should US Search fail to make any payment in the amount or under the timetable set forth above. US Search’s signature signifies its agreement to pay Yahoo as set forth above and its acknowledgement that Yahoo has not relinquished any of its rights under the Agreement.
Except as amended above, the Agreement remains in full force and effect. Please sign as provided below to confirm our agreement and return your signature to me via facsimile with the original to follow by overnight service. If you believe the foregoing does not accurately represent our agreement or if you have any questions concerning this letter, please contact Xxx Xxxxxx at 000-000-0000.
| Sincerely, YAHOO! INC. | ||
| /s/ Xxx Xxxxxx Xxx Xxxxxx Western Regional Vice President, Sales | ||
| cc: |
Xxx Xxxxxx, New Business Manager, Yahoo! | |
| Xxxxx Xxxxxxx, Account Management Manager, Yahoo! | ||
| Xxxxx Xxxxxx, Corporate Credit Manager, Yahoo! |
THIS LETTER ACCURATELY DOCUMENTS
THE AGREEMENT PREVIOUSLY REACHED
BETWEEN YAHOO! INC AND
US XXXXXX.XXX INC
| By: |
/s/ Xxxxx Xxxxx | |
| Title: |
CEO | |
| Date: |
10/3/00 |
