Exhibit 10.41

 

Exhibit 10.41

as filed with

10-K

     Confidential treatment has been requested for portions of this exhibit. The
copy filed herewith omits the information subject to the confidentiality
request. Omissions are designated as [*]. A complete version of this exhibit has
been filed separately with the Securities and Exchange Commission.

 

FIFTH AMENDMENT TO VENDOR AGREEMENT

 

This FIFTH AMENDMENT TO THE VENDOR AGREEMENT (this “Fifth Amendment”) is
effective as of March 1, 2005 (the “Fifth Amendment Effective Date”) by and
between BEST BUY PURCHASING LLC (“Best Buy”) and TIVO INC (“TiVo”).

 

RECITALS

 

WHEREAS, Best Buy Co., Inc. and TiVo Inc. entered into that certain Vendor
Agreement having an effective date of March 3, 2002, as amended (the “Vendor
Agreement”); and

 

WHEREAS, Best Buy Purchasing LLC and TiVo Inc. wish to modify certain provisions
in the Vendor Agreement as explicitly set forth in this Fifth Amendment.

 

NOW, THEREFORE, Best Buy Purchasing LLC and TiVo Inc. agree as follows:

 

AGREEMENT

 

Unless stated otherwise, capitalized terms used herein have the meanings set
forth in the Vendor Agreement.

 

1. PRICING.

 

1.1 Section 2.1 of the Vendor Agreement is deleted in its entirety and replaced
by the following:

 

“2.1 Prices. Vendor will sell the Products to Dealer at the prices set forth in
Section 2.a of the Vendor Program Agreement attached as an addendum hereto, as
may be changed from time to time, or as otherwise agreed between the parties.
Except for [*], all prices, benefits and allowances offered to Dealer may not be
less favorable than those prices, benefits or allowances extended to any other
customers of Vendor. Vendor’s prices do not include sales, use, excise, or
similar taxes.”

 

1.2 Section 2.a of the Vendor Program Agreement attached to the Vendor Agreement
is deleted in its entirety and replaced by the following:

 

“2. a. Subject to Vendor’s right to change Product prices upon ninety (90) days
advanced written notice to Dealer, Vendor will sell the following products, and
Dealer will purchase such products at the following costs:

 

Product Description

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Purchase Order

Cost

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[*]    [*] [*]    [*] [*]    [*]

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[*] Certain information on this page has been omitted and filed separately with
the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.

 

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1.3 Section 2.b of the Vendor Program Agreement attached to the Vendor Agreement
is deleted and replaced in its entirety with the following: “Payment terms for
the Products will be net 45 days from receipt of goods.”

 

1.4 Section 2.d of the Vendor Program Agreement attached to the Vendor Agreement
is deleted and replaced in its entirety with the following:

 

“Excluding [*] and [*] all [*] and [*] offered to Dealer with respect to the
Products [*] or [*] by [*] to [*] customers. [*] customers exclude OEM, CE
customers, Vendor licensees, cable operators, satellite operators and other [*]
entities and their customers.”

 

2. CHANGES TO DVR PRODUCTS.

 

2.1 Additions. TiVo agrees that, as of the Fifth Amendment Effective Date, [*]
are subject to the Section 1.3 of the Vendor Program Agreement attached to the
Vendor Agreement.

 

2.2 Removals. Best Buy agrees that, as of the Fifth Amendment Effective Date,
the [*] is no longer subject to Section 1.3 of the Vendor Program Agreement
attached to the Vendor Agreement.

 

3. TERM. Section 16.1 of the Vendor Agreement is hereby amended by replacing
“February 28, 2005” with “February 28, 2006”.

 

4. ASSIGNMENT. Section 19.1 of the Vendor Agreement is hereby deleted in its
entirety and replaced with the following:

 

“19.1 Assignment. This Agreement may not be assigned by either party without
first obtaining the other party’ s express written consent, which consent will
not be unreasonably withheld; provided, however that:

 

(a) Dealer may assign this Agreement, without obtaining Vendor’s express written
consent, to (i) a successor corporation resulting from a merger, consolidation,
or non-bankruptcy consolidation or to a purchaser of all or substantially all of
Dealer’s assets or a majority, or controlling interest in Dealer’s voting stock,
provided that the purchaser’s net worth at the time of purchase is equal to or
greater than that of Dealer,

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[*] Certain information on this page has been omitted and filed separately with
the Securities and Exchange Commission. Confidential treatment has been
requested with respect to the omitted portions.

 

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and further provided that the purchaser is not a competitor of Vendor, or (ii) a
present or future subsidiary or affiliate; and

 

(b) Vendor may assign this Agreement, without obtaining Dealer’s express written
consent, to (i) a successor corporation resulting from a merger, consolidation,
or non-bankruptcy consolidation or to a purchaser of all or substantially all of
Vendor’s assets or a majority, or controlling interest in, Vendor’s voting
stock, and (ii) a present or future subsidiary or affiliate. Any attempted
assignment in violation of this Agreement is null and void.”

 

5. CORRECTION. The fifth sentence of Section 1.1 of the Vendor Program Agreement
attached to the Vendor Agreement is amended by replacing the second instance of
“Vendor” with “Dealer”.

 

6. EFFECT OF AMENDMENT. Except as expressly modified herein, all other terms and
conditions of the Vendor Agreement remain in full force and effect.

 

IN WITNESS WHEREOF, Best Buy Purchasing LLC’s and TiVo Inc.’s respective duly
authorized officers have executed this Fifth Amendment. This Fifth Amendment may
be executed in counterparts, each of which is deemed an original, but all of
which together constitute one and the same original.

 

TIVO INC.

      BEST BUY PURCHASING LLC

By:

 

/s/ Joe Miller

     

By:

 

/s/ Mike Mohan

Printed Name: Joe Miller

      Printed Name: Mike Mohan

Title: VP, Sales

     

Title: VP, Home Theater

Date: 4-5-05

     

Date: 3/30/5

 

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