Document:

EXHIBIT 10.13

 

 

December       , 2007

 

HSW
International, Inc.

One
Capital City Plaza

3350
Peachtree Road, Suite 1500

Atlanta,
Georgia  30326

 

 

                RE:          Trademark License Option

 

Gentlemen:

 

        Reference is hereby made to (i) that
certain Letter Agreement regarding trademark license option (the “Original
Letter Agreement’), dated as of April 20, 2006, by and between HSW
International, Inc. (the “Corporation”) and HowStuffWorks, Inc. (“HSW”),
(ii) that certain Contribution Agreement, dated as of October 2,
2007, between the Corporation and HSW regarding the contribution of certain
rights and assets in China and related regions (the “PRC Contribution Agreement”),
(iii) that certain Contribution Agreement, dated as of October 2,
2007, between the Corporation and HSW regarding the contribution of certain
rights and assets in Brazil (the “Brazil Contribution Agreement” and together
with the PRC Contribution Agreement, the “Contribution Agreements”), and (iv) that
certain Amended and Restated Letter Agreement regarding India and Russia, dated
on or about the date hereof, between the Corporation and HSW (the “India/Russia
Letter Agreement”).  The Corporation and
HSW desire to amend and restate the Original Letter Agreement in its entirety
as set forth in this Amended and Restated Letter Agreement.

 

                The Corporation and HSW hereby
agree as follows:

 

                1.             The Corporation shall have an option to an exclusive
license from HSW for the Chinese and/or Portuguese translations of the
HowStuffWorks name and associated marks for use in digital and/or electronic
medium only in the Territory (as defined in the Contribution Agreements) and
solely in connection with the Contributed Content (as defined in the
Contribution Agreements) in consideration for a licensing fee equal to two percent
(2%) of the Corporation’s net revenue derived from the businesses that use such
marks in the Territory, up to a maximum of $100,000 annually for both of the
Territories, collectively.  In the event
that Corporation exercises the option in this paragraph 1, the parties will
enter into a trademark license agreement containing customary terms, conditions
and limitations, as mutually agreed to by the parties in writing.  The Corporation will have the right to
exercise the option in this paragraph 1 until April 2, 2009.

 

 

 

 

                2.             The Corporation shall have an option to an exclusive
license from HSW for the translations for the local languages in India
(excluding English) and/or Russian translations of the HowStuffWorks name and
associated marks for use in digital and/or electronic medium only in India
and/or Russia and solely in connection with any content obtained pursuant to
the India/Russia Letter Agreement in consideration for a licensing fee equal to
two percent (2%) of the Corporation’s net revenue derived from the businesses
that use such marks in India and/or Russia, up to a maximum of $100,000
annually for India and Russia, collectively. 
In the event that Corporation exercises the option in this paragraph 2,
the parties will enter into a trademark license agreement containing customary
terms, conditions and limitations, as mutually agreed to by the parties in
writing.  The option in this paragraph 2
may only be exercised at the same time as the exercise, if any, of the option
contemplated by the India/Russia Letter Agreement.

 

This
letter agreement may be executed in one or more counterparts, and each such
counterpart hereof shall be deemed to be an original instrument, but all such
counterparts together shall constitute one agreement.  Facsimile counterpart signatures to this
letter shall be acceptable and binding.

 

Please
indicate below your agreement with the foregoing.

 

	
   

  	
  Yours truly,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HOWSTUFFWORKS, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
					

 

Acknowledged and agreed to this
       day of December, 2007.

 

	
  HSW INTERNATIONAL, INC.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:EXHIBIT
10.17

 

TERMINATION
AGREEMENT

 

THIS TERMINATION AGREEMENT (the “Agreement”) is made and entered into
as of the          day of
                    ,
2007, by and between HSW INTERNATIONAL, INC., a Delaware corporation (the “Company”),
and HOWSTUFFWORKS, INC., a Delaware corporation (“HSW”).

 

WHEREAS, the Company and HSW are parties to that certain Services
Agreement, dated as of October 2, 2007 (the “Services Agreement”); and

 

WHEREAS, the parties desire to terminate the Services Agreement in its
entirety.

 

NOW, THEREFORE, for and in consideration of the mutual premises
contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1.             Termination of
Services Agreement.  Effective as of the date hereof, the
Services  Agreement is hereby terminated
and shall be of no further force and effect, and neither the Company nor HSW
shall have any further obligation or liability under the Services Agreement.

 

2.             Binding Effect; Severability.  This Agreement is binding on, and
shall inure to the benefit of, the parties and their respective successors and
assigns.  If any part of this Agreement
is deemed unreasonable by a court of competent jurisdiction, this Agreement shall
be subject to judicial modification in order to render this Agreement
reasonable and enforceable.  Further, if
any part of this Agreement is held invalid or unenforceable, the remainder of
this Agreement still is enforceable.

 

3.             Governing Law.  This Agreement shall be governed
by and construed in accordance with the laws of the State of New York,
excluding its choice of laws provisions. The Parties agree that the exclusive
venue and jurisdiction for any actions or disputes arising from this Agreement shall
be a federal or state court in New York.

 

4.             Counterparts.  This
Agreement may be executed in multiple counterparts and by facsimile, each of
which shall be deemed an original but all of which together shall constitute
one and the same instrument.

 

 

[SIGNATURES
CONTAINED ON FOLLOWING PAGE.]

 

 

 

IN WITNESS WHEREOF, this Agreement was executed by the parties under
seal as of the date first written above.

 

	
   

  	
  HSW
  INTERNATIONAL, INC.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HOWSTUFFWORKS,
  INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
					

 

 

2EXHIBIT 10.18

 

                        ,
2007

 

HSW
International, Inc.

One Capital City Plaza

3350 Peachtree Road

Suite 1500

Atlanta,
Georgia  30326

 

 

Gentlemen:

 

Reference
is hereby made to (i) that certain Letter Agreement (the “Original Letter
Agreement’), dated as of April 20, 2006, by and between HSW International, Inc.
(the “Corporation”) and HowStuffWorks, Inc. (“HSW”), (ii) that
certain Contribution Agreement, dated as of October 2, 2007, between the
Corporation and HSW regarding the contribution of certain rights and assets in
China and related regions (the “PRC Contribution Agreement”), (iii) that
certain Contribution Agreement, dated as of October 2, 2007, between the
Corporation and HSW regarding the contribution of certain rights and assets in Brazil
(the “Brazil Contribution Agreement” and together with the PRC Contribution
Agreement, the “Contribution Agreements”), and (iv) that certain Update
Agreement, dated as of October 2, 2007, between the Corporation and HSW
(the “Update Agreement”).  The
Corporation and HSW desire to amend and restate the Original Letter Agreement
in its entirety as set forth in this Amended and Restated Letter Agreement.

 

The
Corporation and HSW hereby agree that the Corporation shall have an option to
acquire from HSW the exclusive digital publishing rights for HSW content in
India and Russia on the same terms and conditions that such
rights were granted to the Corporation in respect of China and Brazil under the
Contribution Agreements and Update Agreement (the “India and Russia
Rights”) in accordance with the following:

 

·                  the Corporation will have the right to
exercise such option from and after the date hereof until April 2, 2009
(the “Option Exercise Period”); provided, however, that the
Corporation will not have the right to exercise the option granted hereby at
any time that and for so long as the issuance of securities of the Corporation
in connection with such exercise would result in HSW’s owning, directly or
indirectly, more than fifty percent (50%) of the Corporation’s outstanding
capital stock (the “Option Exercise Restriction”); provided, further,
that the Option Exercise Period shall be extended for the length of any time
period during which the option may not be exercised due to the Option Exercise
Restriction;

 

 

·                  upon the exercise of such option by the
Corporation, such acquisition of the India and Russia Rights shall be effected
through the formation of a limited partnership or limited liability company
(the “Partnership”) evidenced by a limited partnership agreement or limited
liability company operating agreement, as applicable (the “Partnership
Agreement”), to be entered into among the Corporation, Intac International, Inc.
(“Intac”) and HSW;

 

·                  in connection with the formation of the
Partnership, (i) the Corporation will contribute all of its assets and
will cause Intac to contribute all of its assets to the Partnership and, in
exchange therefor, the Corporation and Intac will receive in the aggregate a
number of units in the Partnership equal to the total number of shares of
common stock of the Corporation then issued and outstanding (the number of
units to be received by each of the Corporation and Intac will be allocated
between the two entities based on the relative fair market value of the assets contributed
to the Partnership), and (ii) HSW will contribute the India and Russia
Rights to the Partnership and, in exchange therefor, HSW will receive 6,000,000
units in the Partnership (the Corporation shall be the general partner, or
managing member, of the Partnership);

 

·                  pursuant to the Partnership Agreement, upon
the issuance of any shares of common stock of the Corporation (including but
not limited to the exercise or settlement of any equity compensation), the
Corporation shall be issued from the Partnership one additional unit for each
share of common stock issued and, in exchange therefor, the Corporation shall
transfer to the Partnership the net proceeds, if any, received by the
Corporation upon the issuance of such shares of common stock.

 

·                  pursuant to the Partnership Agreement, HSW
will have the right, at such times as HSW shall determine, to exchange any or
all of the units held by HSW in the Partnership for shares of common stock of
the Corporation based on a one for one exchange rate;

 

·                  in the event of a stock dividend or
distribution, or any change in the common stock of the Corporation by reason of
any stock dividend or distribution, or any change in the common stock of the
Corporation by reason of any split-up, recapitalization, combination, exchange
of shares or the like, the number of units in the Partnership to be received by
HSW or the exchange rate for the exchange of units in the Partnership held by
HSW, as applicable, shall be appropriately adjusted; and

 

·                  the Partnership Agreement shall provide that
income and loss, as well as distributions of cash, shall be allocated among the
units on a pro rata basis, and the Partnership Agreement shall contain such
other terms and conditions as shall be agreed upon by the Corporation and HSW.

 

This
Amended and Restated Letter Agreement may be executed in one or more
counterparts, and each such counterpart shall be deemed to be an original
instrument, but all such counterparts together shall constitute one agreement.
Facsimile counterpart signatures to this Amended and Restated Letter Agreement
shall be acceptable and binding.

 

 

Please
indicate below your agreement with the foregoing.

 

	
   

  	
  Yours truly,

  
	
   

  	
   

  
	
   

  	
  HOWSTUFFWORKS, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
  Acknowledged and agreed to this                 ,
  day of
                    , 2007.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  HSW INTERNATIONAL, INC.

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
  Title:

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