Document:

Exhibit 10.21

 

CONFIDENTIAL
TREATMENT REQUESTED: INFORMATION FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED IS OMITTED AND MARKED WITH “**”. AN UNREDACTED VERSION OF THIS
DOCUMENT HAS ALSO BEEN PROVIDED TO THE SECURITIES AND EXCHANGE COMMISSION.

 

AMENDMENT
TO SOFTWARE AND PRODUCT DISTRIBUTION AGREEMENT

 

THIS AMENDMENT to the Software and Product
Distribution Agreement (the “Agreement”) by and between NeuLion, Inc. (“NeuLion”)
and TransVideo International Ltd. (“TransVideo”) is entered into as of July 1,
2008.

 

1.             Section 4.6
of the Agreement is hereby deleted and replaced with the following:

 

4.6                                 For each linear
channel delivered by NeuLion using the Transcoder/Encoder Software as provided
in sub-section 1.6 above, NeuLion shall pay TransVideo *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  .

 

IN WITNESS WHEREOF, the Parties have executed this
Amendment as of the date first above written.

 

	
  NeuLion, Inc.

  	
   

  	
  TransVideo
  International Ltd.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   /s/Ronald Nunn

  	
   

  	
  By:

  	
   

  
	
  (Authorized Signature)

  	
   

  	
  (Authorized Signature)

  
	
   

  	
   

  	
   

  
	
  Ronald Nunn

  	
   

  	
   

  
	
  Type or Print Name

  	
   

  	
  Type or Print Name

  
	
   

  	
   

  	
   

  
	
  EVP, Business Operations

  	
   

  	
   

  
	
  Title

  	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
  7/1/2008

  	
   

  	
   

  
	
  Date

  	
   

  	
  DateExhibit 10.22

 

CONFIDENTIAL TREATMENT REQUESTED: INFORMATION FOR
WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED IS OMITTED AND MARKED WITH
“**”. AN UNREDACTED VERSION OF THIS DOCUMENT HAS ALSO BEEN PROVIDED TO THE
SECURITIES AND EXCHANGE COMMISSION.

 

LICENSE AGREEMENT

 

This License Agreement dated
as of June 1,  2006 (“Effective
Date”) together with the schedules, appendices, attachments and exhibits, if
any, between NeuLion, Inc., a Delaware corporation located at 1600 Old
Country Road Plainview, New York 11803 (“NeuLion”) and ABS-CBN Global
Limited, a Cayman Islands registered company, with offices at 9th Floor, Eugenio Lopez Jr. Communications
Center, Quezon City, Philippines (“Licensee”) sets forth the
terms and conditions pursuant to which NeuLion hereby grants Licensee a
non-exclusive, non-transferable, limited-use license to use the NeuLion iPTV Platform, consisting of NeuLion
Trancoder, NeuLion COD Encoder, NeuLion Streaming Media Server, and NeuLion Operational Support System, including optional features,
if any, and related materials (collectively the “Licensed Programs”).  This Agreement applies to all program code, documentation
and training materials embodying or related to the Licensed Programs and the
definition of Licensed Programs includes all such code, documentation and
materials.

 

1.                                      Use of
Licensed Programs: This Agreement authorized Licensee to use, display
and perform the Licensed Programs as provided, during the
period expiring on the third anniversary of the above Effective Date of this
Agreement (the “Term”), inclusive of support and maintenance services
respecting the License Programs as provided by NeuLion, and any subsequent
versions or releases of the Licensed Programs which may be delivered to
Licensee, solely to enable Licensee to deliver its content to Licensee’s
customers (“Clients”).  It is expressly
understood and agreed that the authorization contained herein and any rights
granted to Licensee hereunder shall at all times be limited solely to Licensee
and Licensee’s majority owned subsidiaries, and shall not extend to any direct
or indirect parent corporation, affiliated company or any other entity other
than contractors performing services on behalf of Client.  No Client nor any other person or entity
(other than Licensee itself) shall be considered as the licensee hereunder for
any purpose and Licensee agrees not to provide operation of the Licensed
Programs on behalf of any other entity such that said entity receives the
benefits of a licensee (it being expressly agreed that contractors performing
services on behalf of Client are not deemed to be receiving benefits of a
licensee.

 

2.                                      License
Fee: The License Fee for use of the Licensed Programs as provided herein
during the initial term of this Agreement, inclusive of all charges for NeuLion’s
support and maintenance services respecting the License Program, and any
subsequent versions or releases of the Licensed Programs which may be delivered
to Licensee, during the Term is payable monthly as set forth in Exhibit A
hereto.

 

	
  NeuLion Initials
       

  	
  Licensee Initials
       

  

 

1

 

3.                                      Renewal:  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *, this Agreement will be
renewed for one, single twelve (12) month renewal term under the terms and
conditions set forth herein and thereafter will expire.

 

4.                                      Support
Services: NeuLion shall provide support and maintenance
services for the Licensed Programs as set forth in Exhibit B hereto.

 

5.                                      Title,
Confidentiality and Restrictions: (a) As between NeuLion
and Licensee, title to the Licensed Programs remains with NeuLion and the
Licensed Programs is acknowledged to be a trade secret and the proprietary
property of NeuLion.  Licensee and its
employees will keep the Licensed Programs strictly confidential, and Licensee
will not disclose or otherwise distribute the Licensed Programs to anyone other
than Licensee’s authorized employees or contractors who have a need to know
such information in connection with their performance of services for Licensee,
provided that nothing herein shall limit Licensee’s right to use the Licensed
Programs as expressly provided herein.  Licensee
will not remove or destroy any proprietary markings of NeuLion.  Licensee will not permit anyone except its
authorized employees or such contractors who have a need to know such
information in connection with their performance of services for Licensee to
have direct access to any code comprising the Licensed Programs.  Except for archive purposes, Licensee will
not make or permit others to make copies of or reproduce any part of the
Licensed Programs in any form without the prior written consent of NeuLion.  In no event will Licensee decompile,
disassemble or otherwise reverse engineer any Licensed Programs.  In the event that Licensee makes any changes
or modifications to the Licensed Programs, Licensee agrees that such changes
and modifications shall be the property of NeuLion, unless NeuLion shall have
given its prior written consent to the contrary.

 

(b) The terms of the
license granted hereunder are personal to Licensee and are highly confidential.  Licensee shall not disclose any of such terms
(including those relating to pricing and authorized use) to any person or
entity other than Licensee’s employees, contractors, auditors, and attorneys
who have a need to know such information in connection with their performance
of services for Licensee.

 

(c) If this Agreement
should terminate for any reason, a duly authorized officer of Licensee shall
certify in writing to NeuLion that all copies and partial copies of the
Licensed Programs have been deleted from all computer libraries and storage
devices and either have been returned to NeuLion or destroyed and that no copy
of the Licensed Programs remains in use by Licensee and/or any Client.  The provisions set forth in this section
shall survive the termination of this Agreement for any reason.

 

6.                                      Limited
Warranty: (a) NeuLion warrants that it can grant the
license described in this Agreement and NeuLion agrees to indemnify Licensee,
hold Licensee harmless and defend Licensee against or, at NeuLion’s option,
settle any action at law or in equity against Licensee based upon a claim that
Licensee’s use of the Licensed Programs in accordance with this Agreement
infringes any patent, copyright or other intellectual property right of any
third party; provided that Licensee gives NeuLion prompt written 

 

	
  NeuLion Initials
       

  	
  Licensee Initials
       

  

 

2

 

notice
of such claim and control of the defense or settlement thereof, provided that
the Licensee shall be entitled to participate in the defense of such claim and
to employ counsel of its choice for such purpose and NeuLion may not without
Licensee’s prior written consent enter into any settlement that obligates
Licensee to pay money, to perform obligations or to admit liability without the
consent of Licensee.

 

(b) NeuLion also
warrants that the Licensed Programs will operate according to the
specifications published by NeuLion for the Licensed Programs.  If it is determined that the Licensed
Programs does not operate according to such specifications, NeuLion’s only
responsibility will be to use its best efforts, consistent with industry
standards, to cure the defect.

 

(c) Any warranties made
by NeuLion (other than that of non-infringement) will extend and be in effect
only for the period that Licensee is entitled to use the Licensed Programs and
for which Licensee shall have paid NeuLion’s License Fee and Maintenance Fee,
if applicable.

 

(d) In the event that
Licensee makes any changes or modifications to the Licensed Programs, Licensee
agrees that such changes and modifications shall be the property of NeuLion.  Furthermore, any such changes or
modifications made by Licensee to a Licensed Programs will mean that the
foregoing limited warranty of NeuLion with respect to such Licensed Programs
shall no longer apply to the extent a defect is caused by such changes or
modifications, and NeuLion shall have the right to charge Licensee for
additional support services at NeuLion’s then prevailing service rate with
respect to any defects caused by such changes or modifications, provided that
NeuLion shall have no obligation to agree to provide such services.

 

7.                                      Warranty
and Liability Limitations: EXCEPT AS SET FORTH HEREIN,
NO OTHER WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION,
THE IMPLIED WARRANTIES OP MERCHANTABILTY AND FITNESS FOR A PARTICULAR PURPOSE,
ARE MADE BY NEULION.  IN NO EVENT WILL
NEULION BE LIABLE TO LICENSEE OR ANY OTHER PARTY FOR ANY LOSS, INCLUDING TIME.
MONEY, GOODWILL, LOST PROFITS AND CONSEQUENTIAL DAMAGES BASED ON CONTRACT, TORT
OR OTHER LEGAL THEORY, WHICH MAY ARISE HEREUNDER OR FROM THE USE,
OPERATION OR MODIF1CATION OF THE LICENSED PROGRAMS.

 

8.                                      Records
and Reports: During the Term and for a period of at least seven (7) years
following termination of this Agreement, Licensee shall keep full, true and
accurate records and accounts in accordance with generally accepted accounting
practices to show the amount of license fees payable to NeuLion under this
Agreement.  NeuLion shall have the right,
up to once every 6 months, with five (5) business days’ prior written
notice to Licensee, to examine such records or to have such records examined by
NeuLion’s designated certified public accountants during normal business hours
to determine Licensee’s compliance with the terms of this Agreement.  NeuLion shall bear the expenses of the audit;
however, in the event any such audit reveals that Licensee has 

 

	
  NeuLion Initials
       

  	
  Licensee Initials
       

  

 

3

 

understated
the amount of fees that it is obligated to pay under this Agreement *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  . Such audit right shall
survive the termination of this Agreement for a period of two (2) years.

 

9.                                      Breach
and Termination: If *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  .  In the event that NeuLion commences any claim
against Licensee for breach of this Agreement, then the prevailing party shall
he entitled to recover reasonable attorneys fees incurred by it in such action.

 

10.                               Escrow: NeuLion shall
deposit a copy of all the source code contained in the Licensed Program of which
NeuLion has exclusive intellectual property rights, with Mendelsohn, Katy, Bell &
Natoli, 1633 Broadway, New York, NY 10019. 
Such copies of the source code will be held in escrow and in the event
of a final adjudication of NeuLion as bankrupt, Licensee will, upon payment of
the duplication cost and other handling charges of the escrow agent, be
entitled to obtain a copy of such source code from the escrow agent.  Licensee will, however, only use such copy of
the source code internally to support the Licensed Program.  The escrow agent’s only responsibility will
be to use its good faith efforts to cause a copy of the source code, in the form
as delivered by NeuLion, to be delivered to Licensee at the appropriate time

 

11.                               Assignment: Licensee may
not assign this Agreement, the license to use any Licensed Programs nor any of
its rights and obligations under this Agreement without the prior written
consent of NeuLion; provided that Licensee may assign this Agreement to a
purchaser of substantially all of Licensee’s assets or to a party to any merger
with the Licensee, further provided however, that no assignment may be made to
a competitor of NeuLion.  NeuLion,
however, may assign this Agreement or the obligations contained herein to any
third party, provided that such third party assumes the obligations of NeuLion
under this Agreement.

 

12.                               Taxes
and Duties: Licensee agrees to pay any tariffs, duties or taxes
imposed or levied by any government or governmental agency including, without
limitation, federal, state and local sales, use, value added and personal
property taxes, (other than franchise and income taxes for which NeuLion is
responsible) on the use of the Licensed Programs but not any income tuxes of
NeuLion, upon presentation of invoices by NeuLion.  Any claimed exemption from such tariffs,
duties or taxes must be supported by proper documentary evidence delivered to
NeuLion.

 

13.                               Notices: All notices
pursuant to this Agreement shall be sent by certified mail, postage prepaid or
by overnight courier, and shall not be deemed to have been given until received
by the other party.

 

14.                               Governing
Law: This Agreement shall he governed and construed in accordance with the
laws of the State of New York.

 

	
  NeuLion Initials
       

  	
  Licensee Initials
       

  

 

4

 

15.                               Entire
Agreement: This Agreement represents the entire agreement
between NeuLion and Licensee with respect to the Licensed Programs.  NeuLion and Licensee agree that all other
agreements, proposals, purchase orders, representations and other
understandings concerning the subject matter of this Agreement, whether oral or
written, between the parties are superseded in their entirety by this Agreement.  No alterations or modifications of this
Agreement will be valid unless made in writing and signed by the parties.  No attachment, supplement or exhibit to this
Agreement shall be valid unless initialed by an authorized signatory of NeuLion
and Licensee.  This Agreement may be
executed in any number of counterparts, each of which shall be deemed to be an
original and all of which together shall be deemed to be one and the same
instrument.

 

	
  NeuLion, Inc.

  	
   

  	
  Licensee:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   /s/ Ronald Nunn

  	
   

  	
  By:

  	
   /s/ Rafael L. Lopez

  
	
  (Authorized Signature)

  	
   

  	
  (Authorized Signature)

  
	
   

  	
   

  	
   

  
	
  Ronald Nunn

  	
   

  	
  Rafael L. Lopez

  
	
  Type or Print Name of Person Signing

  	
   

  	
  Type or Print Name of Person Signing

  
	
   

  	
   

  	
   

  
	
  EVP, Business Operations

  	
   

  	
  SVP & Chief Operating Officer

  
	
  Title

  	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
  06/08/2006

  	
   

  	
  June 1, 2006

  
	
  Date

  	
   

  	
  Date

  
						

 

	
  NeuLion Initials
       

  	
  Licensee Initials
       

  

 

5

 

EXHIBIT A

 

License Fee

 

The License Fee during the
initial Term of this Agreement for use of the Licensed Programs as provided in
the Agreement hereto is payable to NeuLion in *** variable amounts (“*** Fee”)
as calculated based on the *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  .

 

The *** Fee shall be equal
to *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  *  

 

Tier Pricing Table

 

	
  Tier Range

  	
   

  	
  ***

  Price Per STB

  
	
   

  	
   

  	
   

  
	
  ***

  	
   

  	
  ***

  
	
  ***

  	
   

  	
  ***

  
	
  ***

  	
   

  	
  ***

  
	
  ***

  	
   

  	
  ***

  
	
  ***

  	
   

  	
  ***

  
	
  ***

  	
   

  	
  ***

  

 

No later than **************
during the initial term of this Agreement, Licensee shall deliver to NeuLion
the *** Fee payment with a ******* report signed by an authorized officer of
Licensee that provides the following:

 

·                                          **************;

 

·                                          **************;
and,

 

·                                          The amount of
the *** Fee payment due to NeuLion with respect to that ***.

 

	
  NeuLion Initials
       

  	
  Licensee Initials
       

  

 

6

 

EXHIBIT B

 

Support and Maintenance Services

 

NeuLion’s support and
maintenance services provide for logging, categorization, analysis and creation
of resolutions to all support requests made by Licensee.  Request resolutions can consist of answers to
questions, creating of procedures to resolve and/or circumvent a problem, and
coding changes to the Licensed Programs to correct a problem.

 

NeuLion’s web-based support
request tracking system allows Licensee to log requests, provide updates and
review the status of the request logs, 24 hours per day, 7 days per week, and
365 days per year.  For opened requests,
there are two types of technical support performed by NeuLion.

 

“Primary Support Services”
address all the requests opened on the support tracking system.  Primary Support Services personnel will work
on requests ****************************.

 

“Emergency Support Services”
are provided after Primary Support Services hours for High severity requests
only.  When a High severity request is
opened outside of Primary Support Services hours, a NeuLion support technician
will be automatically notified of the new request so that it can he addressed
as quickly as possible.  Within *** of
entering a High severity request a NeuLion support technician will update the
request.

 

Additionally, NeuLion has an
Emergency Support Escalation telephone number, which is available 24 hours a
day, 7 days a week, that can be used for ****************************.

 

NeuLion provides web support
services within the following timeframes.

 

	
  Request Severity Description

  	
   

  	
  Fix Plan Response

  
	
   

  	
   

  	
   

  
	
  High Severity Requests - A “system down” or
  production operations halted condition and a manual work around is not
  practical.

  	
   

  	
  ***

  
	
   

  	
   

  	
   

  
	
  Medium-High Severity Requests - A suspected high impact
  condition associated with the Licensed Programs causing significant problems.

  	
   

  	
  ***

  
	
   

  	
   

  	
   

  
	
  Medium-Low Severity Requests - An intermittent or
  low-impact condition associated with the Licensed Programs.

  	
   

  	
  ***

  
	
   

  	
   

  	
   

  
	
  Low Severity Requests - Questions concerning
  performance, use, or implementation of the Licensed Programs.

  	
   

  	
  ***

  

 

NeuLion uses best efforts to
correct High severity requests by continually working with Licensee to provide
a fix or work around that eliminates a “system down” condition.

 

	
  NeuLion Initials
       

  	
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7

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