EXHIBIT 10.1

 

CONFIDENTIAL MATERIALS HAVE BEEN OMITTED FROM THIS EXHIBIT PURSUANT TO A REQUEST
FOR CONFIDENTIAL TREATMENT AND HAVE BEEN FILED SEPARATELY WITH THE SECURITIES
AND EXCHANGE COMMISSION. ASTERISKS DENOTE OMISSIONS.

 

AGREEMENT

 

and

 

AMENDMENT NO. 2 TO NETWORK SERVICES AGREEMENT

 

This AGREEMENT (the “Agreement”), is made and entered into as of this 23rd day
of May, 2003, by and between SAVVIS Communications Corporation, a Delaware
corporation (“SAVVIS”), and Reuters Limited, a company incorporated in England
(“Reuters” and, with SAVVIS, “The Parties”).

 

Whereas, the Parties entered into that certain Network Services Agreement as of
September 28, 2001 (the “NSA”);

 

Whereas, the Parties have engaged in various disputes regarding certain of the
terms and interpretations of the NSA and desire to resolve those differences and
disputes amicably;

 

Now Therefore, in consideration for the mutual promises and accommodations set
forth herein, the receipt and sufficiency of which is hereby acknowledged by the
Parties, the Parties agree as follows:

 

[**] CONFIDENTIAL TREATMENT REQUESTED

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1.   Controlling Document; Inconsistencies. The NSA shall be deemed amended, as
of the date hereof except where otherwise noted, by the terms of this Agreement.
Unless otherwise defined herein, capitalized terms used in this Agreement shall
have the same meaning given to such terms in the NSA.

 

2.   Hazelwood Hosting Site. Effective September 28, 2001, in Section 2.1.2 of
the NSA, the phrase “(excluding the facility located at [**])” is hereby
deleted. In Section 2.1(A)(ix) of Schedule 2 to the NSA (titled “Description of
Services”), the phrase “(Except Hazelwood)” is hereby deleted. For the avoidance
of doubt, the parties agree to the inclusion of the facility located at [**] in
“Co Location Services” that are being provided to Reuters and the payment for
which will be credited against Reuters’ obligation to satisfy the Domestic
Minimum Monthly Commitments set forth in Sections 3.6.1 and 3.6.2(B) of the NSA.

 

3.   International Client Intelligent IP Services. Effective September 28, 2001,
in Section 3.6.2(B) of the NSA, the following is inserted immediately after the
phrase “in the United States and Canada” and before the semicolon in the third
line of the final paragraph: “and shall include International Client Intelligent
IP Services”

 

4.   Circuit Audit. In satisfaction of any and all claims by Reuters with
respect to the Circuit Audit completed in 2002 pursuant to Section 13 of the
NSA, including the fees for conducting such Audit, SAVVIS shall provide to
Reuters a one-time future business credit of [**] of which sum shall be credited
against each invoice to Reuters for each of June, July and August, 2003 so that
the full amount is credited in three equal installments. Effective upon full
crediting of such amount, Reuters shall have no right to any further credits,
relief or adjustments pursuant to Section 13.1 of the NSA.

 

5.   MMC Reductions. Effective September 28, 2001, the table setting forth the
Domestic MMC in Section 3.6.2(B) of the NSA is hereby deleted and the following
table is inserted in its place:

 

Agreement Year

--------------------------------------------------------------------------------

   Minimum Amount
Per-Month

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   Total Minimum
Amount Per-Year

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Year 1

   [**]    [**]

Year 2

   [**]    [**]

Year 3

   [**]]    [**]

Year 4

   [**]    [**]

Year 5

   [**]]    [**]

Total of Years 1-5

   N/A    [**]

 

[**] CONFIDENTIAL TREATMENT REQUESTED

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6.   Refund. Reuters shall promptly pay to SAVVIS [**] it withheld from its
February, 2003 invoice payment to SAVVIS.

 

7.   Residual Revenue. In satisfaction of any and all claims by Reuters as at
the date of this Agreement with respect to the “Residual Revenue Credit” set
forth in Section 3.6.4 of the NSA:

 

  a.   The Residual Revenue Credit to be awarded or paid to Reuters pursuant to
Section 3.6.4 of the NSA shall be computed with respect to all revenues
collected by SAVVIS from third parties, other than Supported Third Party
Customers, received for use of the international lines described in Section
3.6.4 of the NSA;

 

  b.   The Residual Revenue Credit for the period from October 1, 2001 through
June 30, 2002 shall be [**]; the Residual Revenue Credit for the period from
July 1, 2002 through September 30, 2002 shall be [**]; and the Residual Revenue
Credit for the period from October 1, 2002 through December 31, 2002 shall be
[**];

 

  c.   SAVVIS shall retain the [**] paid by Reuters to Savvis on February 28,
2003 as a refund of excess Residual Revenue Credit;

 

  d.   The first sentence of Section 3.6.4 of the NSA is hereby amended by
inserting the following proviso at the end thereof:

 

provided that such credit shall not exceed

 

  (i)   [**] in total with respect to the period from January 1 through December
31, 2003 (“Year 1”), to be paid in three installments of up to (but not
exceeding) [**] during each of the first three quarter periods of Year 1, and in
one final installment in the last quarter of Year 1, which may be in excess of
[**] provided that all payments made with respect to Year 1 shall not exceed
[**] in total. For the avoidance of doubt, any credit amounts in each of the
first three quarter periods of Year 1 that are in excess of [**] shall be
carried forward into the next quarter within Year 1 but shall not be carried
forward further;

 

  (ii)   [**] in total with respect to the period from January 1 through
December 31, 2004 (“Year 2”), to be paid in three installments of up to (but not
exceeding) [**] during each of the first three quarter periods of Year 2, and in
one final installment in the last quarter of Year 2, which may be in excess of
[**] provided that all payments made with respect to Year 2 shall not exceed
[**] in total. For the avoidance of doubt, any credit amounts in each of the
first

 

[**] CONFIDENTIAL TREATMENT REQUESTED

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three quarter periods of Year 2 that are in excess of [**]shall be carried
forward into the next quarter within Year 2 but shall not be carried forward
further; or

 

  (iii)   [**] in total with respect to the period from January 1 through
December 31, 2005(“Year 3”), to be paid in three installments of up to [**]
during each of the first three quarter periods of Year 3, and in one final
installment in the last quarter of Year 3, which may be in excess of [**]
provided that all payments made with respect to Year 3 shall not exceed [**] in
total. For the avoidance of doubt, any credit amounts in each of the first three
quarter periods of Year 3 that are in excess of [**] shall be carried forward
into and paid during the next quarter of Year 3 but shall not be carried forward
further.

 

8.   Latin American Termination Fees.

 

  e.   SAVVIS shall retain the [**]paid by Reuters to SAVVIS on February 28,
2003 in connection with the dispute over fees due for the cancellation by
Reuters in May 2002 of the Argentina Data Feed Collector network. In
satisfaction of any and all claims in connection with those cancellation fees,
SAVVIS will provide to Reuters a one-time future business credit of [**] in
June, 2003.

 

9.   Business Downturn Adjustment. (a) Reuters agrees not to pursue, for any
period prior to January 1, 2003, any adjustment in any MMC in connection with
any claimed “general business downturn” as set forth and described in Section
3.6.3(D) of the NSA.

 

  (b)   Effective January 1, 2003, Section 3.6.3(D) of the NSA is hereby amended
by:

 

(1) inserting the following provision at the end of the end of the first
sentence thereof:

 

provided that, for the period after January 1, 2003 and up to 31 December 2003,
Reuters shall not be entitled to seek any reduction in Domestic MMC due to any
general business downturn unless and until Reuters reasonably establishes that
it has suffered after March 1, 2003 aggregate net customer cancellations (of
services that would require domestic Network Services and would have applied to
meeting Reuters’ DMMC obligations) of at least [**] (the “DMMC Threshold
Criterion”) by production of its cancellation numbers. After such satisfaction
of the DMMC Threshold Criterion, Reuters may claim an adjustment only as to
future DMMCs for the period starting from the date that the DMMC Threshold is
reached, and Reuters may not recover payments previously

 

[**] CONFIDENTIAL TREATMENT REQUESTED

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made by it to satisfy its then-preexisting DMMC obligations. Any reduction in
Reuter’s demand or use of SAVVIS’ network services due to Reuters’ acquisition
of network services from Radianz or another provider other than SAVVIS shall not
be considered in determining whether it has satisfied the DMMC Threshold
Criterion.

 

and

 

(2) by adding the words “3.6.3(D)” after the word “provision” at the beginning
of the last sentence in such provision

 

10.   Mutual Release of Claims. In consideration of valuable consideration
received under this Agreement, the Parties hereby release and discharge each
other from all actions, causes of action, suits, debts, dues, sums of money,
accounts, reckonings, bonds, bills, covenants, contracts, controversies,
agreements, promises, variances, trespasses, damages, judgments, extents,
executions, claims, charges and demands of any type whatsoever, in law,
admiralty or equity (collectively, the “Claims”), which each of the Parties ever
had, now has or hereafter can, shall or may have against the other Party for,
upon or by reason of any matter, cause or thing whatsoever from the beginning of
the world to the effective date of this Agreement, which Claims—whether known or
unknown, fixed or contingent, alleged or which could have been alleged (formally
or informally)—arise out of or relate in any way to the specific matters
addressed herein. This Mutual Release does not purport to release any
prospective Claims that either of the Parties may have which arise out of
alleged breaches of the NSA and/or of this Agreement.

 

11.   Governing Law. This Agreement shall be governed by and construed and
enforced in accordance with the substantive laws of the State of New York
without giving effect to any applicable conflicts-of-laws or choice-of-law rules
or principles that would cause the application of the laws of any jurisdiction
other than the State of New York.

 

12.   Relationship Between This Agreement and the NSA. To the extent any term of
the NSA has been modified or amended by this Agreement, or otherwise conflicts
with any term of this Agreement, the terms of this Agreement shall control. In
all other respects, the NSA shall remain in full force and effect. For the
avoidance of doubt, sections 29, 30 and 33 (other than 33.9) of the MSA shall
govern this Agreement. This agreement has been jointly drafted by the parties.

 

13.   Execution in Counterparts and Facsimile Form. This Agreement may be
executed in counterparts and/or in facsimile form with the same effect as if the
Parties hereto had executed a single original Agreement. Facsimile signatures
shall have the same effect as original signatures in binding the Parties to this
Agreement.

 

[**] CONFIDENTIAL TREATMENT REQUESTED

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
as of the date first above written.

 

SAVVIS COMMUNICATIONS CORPORATION

 

By

 

/s/ Grier C. Raclin

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Name:

 

Grier C. Raclin

Title:

 

EVP; General Counsel and Secretary

 

REUTERS LIMITED

 

By:

 

/s/ Philip J. Sayer

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Name:

 

Philip J. Sayer

Title:

 

Head of Vendor Relations and Communications

 

[**] CONFIDENTIAL TREATMENT REQUESTED