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EXHIBIT 10.8
AMENDMENT TO NON-COMPETITION AGREEMENT
This is an Amendment to a certain Non-Competition Agreement
(the "Amendment") dated as of April __, 1998 between Real Media, Inc., a
Delaware corporation ("Real Media USA"), PUBLIGroupe S.A. (formerly Publicitas
Holding), a company organized under the laws of Switzerland ("PUBLIGroupe"); and
Real Media, SA, a subsidiary of PUBLIGroupe organized under the laws of
Switzerland ("Real Media Europe"; and, together with PUBLIGoupe, the "European
Companies").
BACKGROUND
WHEREAS, Real Media USA and the European Companies have
entered into an Amended and Restated Technology Transfer Agreement (the
"Restated Technology Agreement") and an Amended and Restated Marketing Agreement
(the "Restated Marketing Agreement") on the date hereof, and
WHEREAS, the parties desire to amend the Non-Competition
Agreement dated December 3, 1996 (the "Non-Competition Agreement") in certain
respects.
NOW, THEREFORE, in consideration of the covenants set forth
herein, and intending to be legally bound hereby, the parties agree as follows:
AGREEMENT
1. Background. The first "Whereas" clause of the
Non-Competition Agreement is hereby amended so that the term "Technology
Agreement" refers to the Restated Technology Agreement and the term "Marketing
Agreement" refers to the Restated Marketing Agreement.
2. Termination Date. The second "Whereas" clause is deleted
and the term "Termination Date" is hereby amended to mean November 30, 2003,
unless extended pursuant to the Restated Marketing Agreement.
3. Restrictive Covenants. Paragraph 4(b)(i) is amended and
restated to read "(i) the Termination Date and".
4. Confirmation; Counterpart Signatures. Except as amended
hereby, the provisions of the Non-Competition Agreement are hereby ratified and
confirmed. The Amendment may be executed by the parties in any number of
counterparts and each executed copy shall be an original for all purposes.
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IN WITNESS WHEREOF, the undersigned have executed this
Agreement the date and year first written above.
REAL MEDIA, INC.
By: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: President
REAL MEDIA S.A.
By: /s/ Hans Xxxxx Xxxxxx
Name: Hans Xxxxx Xxxxxx 9/4/98
Title: President
By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: Managing Director
PUBLIGROUPE S.A.
By: /s/ Hans Xxxxx Xxxxxx
Name: Hans Xxxxx Xxxxxx 9/4/98
Title: Senior Vice President
By: /s/ Xxxxxx Annasohn
Name: Xxxxxx Annasohn
Title: Senior Vice President
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