[LETTERHEAD OF INTERTRUST]
EXHIBIT 10.17
September 17, 1999
VIA FACSIMILE
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011 44 171 714 2043
Xxxxxxx X. Xxxxxx
National Westminster Bank Plc
Xxxxx 00
Xxxxxxx Xxxxxxx
00 Xxxxxxxxxxx Xxxxxx
Xxxxxx XX0X 0XX
Xxxxxx Xxxxxxx
RE: Amendment (the "Amendment") to Technology, Development, Marketing and
License Agreement between NatWest and InterTrust dated August 18, 1998 (the
"Agreement")
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Dear Xxxxxxx:
I am writing in response to your letter dated September 9, 1999 and also in
connection with our discussions concerning the InterTrust Partnering Commitment.
In order to address the foregoing issues, NatWest and InterTrust hereby amend
the Agreement as follows:
1. Except as otherwise provided herein, all capitalized terms will have the
meaning set forth in the Agreement.
2. The last sentence of Section 4.1(b)(i) is hereby amended and replaced with
the following sentence: "InterTrust Specifications will be made available by
InterTrust to NatWest from time to time."
3. Exhibit C is hereby deleted.
4. The first sentence of Section 8.1(b) of the Agreement is hereby deleted in
its entirety and replaced with the following sentence: "The Initial
Commitment Period will be extended for an additional six (6) months from the
expiration of the Initial Commitment Period (such six (6) month extension
period, "Second Commitment Period") (the Initial Commitment Period and the
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Second Commitment Period and any further extension, collectively, the
"Commitment Period")."
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5. Section 9.3 is hereby amended by adding the following sentence after
subparagraph (iii):
In addition, NatWest may disclose the Basic Commercial Terms (as defined
below) to Persons who are bona fide legitimate potential investors or
content provider partners of NatWest; provided that such Persons have no
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reasonably anticipated conflict of interest with InterTrust. "Basic
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Commercial Terms" means solely those terms of the Agreement that relate to
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the royalties paid by NatWest to InterTrust and the payment terms under
which such royalties are paid, and shall
expressly exclude any provisions relating to the Advanced Royalties and
any most favored nations provisions contained in the Agreement.
6. No amendment or waiver of the Agreement other than that explicitly set forth
herein shall be inferred, and the terms and conditions of this Amendment
shall be governed by and fully incorporated into the Agreement. InterTrust
and NatWest acknowledge and reaffirm all of the terms and conditions of the
Agreement.
Please indicate your agreement with the above by signing below. If you have any
questions regarding these matters, please do not hesitate to contact me.
Best regards, Understood and agreed,
/s/ Xxxxxx X. Xxxx Signature Illegible
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Xxxxxx X. Xxxx
Senior Operating Officer, EVP Corporate Development
cc: Corporate Secretary NatWest
