Document:

b405440ex10-14

Exhibit 10.14

CONFIDENTIAL TREATMENT - Material marked with asterisks [* * * *] has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request forconfidential treatment.

FAST Company Confidential 

		Fast
        Search & Transfer, Inc.

(hereinafter “FAST”)

    117 Kendrick
    Street, Suite 100

Needham, MA 02494 

 

FAST
      Data SearchTM 360

PERPETUAL LICENSE AGREEMENT ORDER FORM

1. Order Details: 

	
	
	

	1.1.
      Customer Name and 	Full
      Corporate Name FindWhat.com, 	 
	Address
      	Inc.,
      a Delaware corporation	 
	 	 	 
	            
      	Customer
      Address: 5220 Summerlin	 
	            
      	Commons Blvd.,
      Suite 500	 
	 	 	 
	            
      	Ft. Myers,
      FL 33907	 
	 	 	 
	            
      	Shipping
      Address:	 
	
	
 	

	1.2.
      Customer Contact 	Name
      of Technical Contact	Name of Support
      Contact
	Details
      	 	 
	            
      	[Name]	[Name]
	 	 	 
	            
      	Telephone:
      [number]	Telephone: [number]
	 	 	 
	            
      	Email: [email]	Email: [email]
	
	
 	

	1.3.
      Product Name 	Version:	Release:
	 	 	 
	            
      	FAST Data
      SearchTM 360	4.0
	
	
 	

	1.4.
      Licensed Software 	Description:	License
      Fee(s) (in USD)
	 	 	 
	         *
      * * * 	*
      * * *	*
      * * *
	 	
	

	
	
 	

	1.5.
      Total Software 	Description:	
	License
      Fee	 	$7,000,000
      payable as
		Total fee
      accumulated from Section 1.4	described
      in 1.10 below
	
	
 	

	1.6.
      Customization Fee 	Description:
      Customization
      provided	* * * *
	 	under the
      terms of FAST’s Professional	 
	  	Services
      Agreement	 
	
	
	

	1.7.
      Total Software License
      Fee and 

      Customization
      Fee	Description:	 
	  	The accumulated
      fee of Section 1.5, and
      1.6 above.	$7,000,000
	
	
	

	1.8.
      Annual Maintenance and
      Support Fee	Description:	 *
      * * *
		Premium Level
      (24x7) Support	 
	               
      	(Includes
      2 full time equivalents (FTEs) described in 1.10)	 
	
	
	

	1.9.
      Reserved
      	
      Description:	 
	
	
	

	1.10. Special
      Conditions 	* * * *	 
	
	
	

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FAST Company Confidential

2.   Contractual
Documents and Priority of Documents:

	The
    License Agreement consists of the following documents:
	 	•	The Order Form
	 	•	The attached Terms and Conditions including the following Schedules:
	 	 	o	Schedule
    A:	 Product
    Description
	 	 	o	Schedule
    B:	 Service
    Level Objectives
	 	 	o	Schedule
    B-1:	 FAST
    SDK Support
	 	 	o	Schedule
    C:	 Performance
    Criteria and Sizing Requirements
	 	 	o	Schedule
    D:	 Customer
    Competitors
	 	 	o	Schedule
    E:	 FAST
    Competitors
	 	 	o	Schedule
    F:	Escrow
    Agreement
	 	 	o	Schedule
    F-1:	Preferred
    Beneficiary Acceptance Form

In case of conflict or inconsistency between the Order Form and the Terms and Conditions, the Terms and Conditions shall take precedence. However, to the extent Special Conditions are spelled out in Order Form Section 1.10, those Special Conditions shall take precedence in case of inconsistency with the Terms and Conditions. 

3.   Acknowledgement: 

By signing this Order Form, Customer places an order for the Licensed Software identified above and the Customer also confirms agreement to all the terms and conditions of this License Agreement. 

By signing this Order Form, FAST accepts the Customer’s order on the terms and conditions of this License Agreement. The date this License Agreement is signed by FAST shall be deemed to be the effective date (“Effective Date”) of the License Agreement.

	For Customer:	 	For FAST:
	 	 	 
	 	 	 
	
	 	

	Print name:	 	Print name:
	 	 	 
	
	 	

	 	 	 
	Date: 	 	Date: 
	 	
	 	 	

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Terms and Conditions 	 

1. Definitions  

In this License Agreement the following words and expressions have the following meanings: 

	(1)	“Add-on
    Module” shall mean software module(s) that at any time may by added on to the Base Package as further described in Schedule A hereto;
	 	 
	(2)	“Affiliate” shall mean in relation to any party, any company or other legal entity, that is controlled by, controls or is under the common control with the party;
	 	 
	(3)	“Annual
    Maintenance and Support Fee” shall mean the amount identified as such in the Order Form;
	 	 
	(4)	“Base
    Package” shall mean the base package of Licensed Software as further described in Schedule A hereto;
	 	 
	(5)	“Capacity
    Increase” shall mean the additional capacity increase to the Licensed Software that may be obtained by a Customer during the term of this License Agreement, as set out in Schedule A hereto;
	 	 
	(6)	“Customer
    Competitor” shall mean an entity or its successor set forth on Schedule C.
	 	 
	(7)	“Documentation” shall mean all related user documentation and manuals, in whatever medium, regarding the proper installation and use of the Licensed Software;
	 	 
	(8)	”Effective
    Date” means the day and year written in the signature field for FAST in the acceptance section in the Order Form;
	 	 
	(9)	“Escrow
    Agent,” “Escrow
    Agreement,” and “Escrow Materials” shall have the respective meanings set forth in Section 2.
	 	 
	(10)	”FAST
    Competitor” shall mean an entity or its successor set forth on Schedule E.   

	(11)	“License
    Agreement” shall mean all contractual documents as defined in the Order Form;
	 	 
	(12)	“Licensed
         Software” shall mean licensed computer software identified
         as such in the Order Form together with the Documentation, including
         without limitation the Add-on Modules identified therein, the Software
         Developer’s Kit provided as part of the Developer’s License,
    and all Upgrades and Updates;
	 	 
	(13)	“Term”
        shall have the meaning set forth in Section 19 of the Terms and Conditions;
	 	 
	(14)	“Total
    Software License Fee” shall mean the aggregate fee set forth in Order Form Section 1.5;
	 	 
	(15)	“Upgrade” shall mean the release of a version of the Licensed Software containing major changes to the structure of the Licensed Software where important new features may be added. The change to an Upgrade will be recognized by an increase in value of the primary version number (e.g. version 3.x to be replaced by version 4.x);
	 	 
	(17)	“Update” shall mean the release of a version of the Licensed Software containing	improvements	and adjustments to the Licensed Software, however not including major structural changes and/or new important features. The change to an Update will be recognized by an increase in value of the secondary version number (e.g. version 3.0 to be replaced by version 3.1).

	2. License Terms

	FAST grants to the Customer
	    a perpetual (except as otherwise provided herein), non-exclusive, non-transferable
	    and	non-sublicensable (except as provided herein) license (“License”)
	    to use (i) the Licensed Software with any applications and platforms elected
	    by Customer and supported by FAST, including, but not limited to algorithmic
    search, relevance automation, broad match linguistics,

	

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FAST Company Confidential

contextual placement solution, domain park URL parsing, in object code or other machine executable format and to distribute algorithmic search results derived from such use at Customer’s discretion and (ii) the Documentation, each during the Term and according to the terms and conditions set out herein. Customer may grant sublicenses to use the Licensed Software and Documentation to any of its Affiliates that are connected by stock ownership to a common parent corporation, if 80% or more of the voting power of the stock of such Affiliate is beneficially owned by the common parent corporation, provided that the sublicense of any such Affiliate shall terminate in the event that the Affiliate no longer meets the foregoing criterion. 

Customer may make reasonable numbers of copies of the Licensed Software to run on servers of Customer and its sublicensed Affiliates, wherever located, and for quality assurance, testing, hot-standby, back-up or archival purposes, provided that any copy contains all of the original Licensed Software’s proprietary notices.  Customer may not: (i) permit other
entities or individuals to use the Licensed Software except under the terms listed herein, (ii) modify, translate, reverse engineer, decompile, disassemble (except to the extent applicable laws specifically prohibit such restriction and provided that Customer has first
 requested from FAST the tools necessary to create interoperable programs), or create derivative works based on the Licensed Software, (iii) copy the Licensed Software (except as specified herein), (iv) export, directly or indirectly, the Licensed Software to any person or entity outside the United States in violation of applicable U.S. export laws, (v) sell, rent, lease, or otherwise transfer rights to the Licensed Software, (vi) remove any proprietary notices or labels on the Licensed Software, (vii) separate, remove or replace any components of the Licensed Software provided by third parties (“Component Software”); use any Component Software independently of the Licensed Software; or use the Licensed Software without the Component Software.

Notwithstanding the foregoing restrictions on use, Customer may use two copies of the Licensed Software and the Software Developer’s Kit included therewith to develop and test custom modifications and enhancements to the Licensed Software, and may use and sublicense such

enhancements (e.g., connectors and applications) to the same extent as the Licensed Software.  This also includes support for developers in accordance with Schedule B-1 for so long as the customer is subscribing to Maintenance and Support hereunder. Customer may request additional copies for development purposes, and FAST shall provide Customer with such copies unless FAST has good reason not to do so. 

The parties agree that it is not the intent of the parties that Customer create any derivative works from the Licensed Software and that the creation of applications and connectors (“Customer Works”) by Customer, whether alone or with FAST input, in connection with interfaces between the Licensed Software and other Customer products, shall not be deemed to be derivative works hereunder, but shall be owned by Customer.

 Notwithstanding anything
  to the contrary herein, FAST further grants to Customer a license to use the
  Escrow Materials (as defined below) delivered pursuant to a certain Master Preferred
  Escrow Agreement, dated December 13, 2001, by and among DSI Technology Escrow
  Services, Inc. (the “Escrow
  Agent”)
  and FAST (the “Escrow
  Agreement”),
  attached hereto as Schedule F to make modifications and create derivative works
  of the Escrow Materials for the sole purpose of continuing the benefits afforded
  to Customer under this Agreement. FAST represents and warrants that the escrowed
  source code shall include all then-current source code for all Licensed Software
  except the Component Software, together with all documentation as would be necessary
  to enable a reasonably skilled programmer to maintain such software and descriptions
  of all compilers, assemblers, and other computer programs and related documentation
  and other materials that are necessary or useful to use, modify, and prepare
  derivative works from such source code (collectively, the “Escrow
  Materials”).
  So long as Customer is subscribing to Maintenance and Support, FAST will promptly
  update such escrowed source code and other materials with all source code and
  other materials for Updates and Upgrades, and any patches or bug fixes, all
  of which shall be deemed to be a part of the Escrow Materials. On or before
  the execution of this Agreement, Customer, FAST and the Escrow Agent will enter
  into a Preferred Beneficiary Acceptance Form, in the form

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FAST Company Confidential

attached hereto as Schedule F-1, and upon such execution Customer shall become a party to the Escrow Agreement, which shall become a part of this Agreement.  If the Escrow Agreement is terminated, then Customer and FAST will promptly enter another escrow agreement that is materially similar to the Escrow Agreement for the purpose of continuing the benefits afforded to Customer under this Agreement.  Upon any release of the source code to Customer pursuant to the Escrow Agreement, FAST will refund to Customer a portion of any prepaid Maintenance and Support fees for the balance of the then current Maintenance and Support term, prorated on a monthly basis. 

   3. Installation
    of Upgrade and Update
     

The Terms and Conditions of this License Agreement shall apply to the initial copy of the Licensed Software as well as to any Upgrade or Update to the Licensed Software subsequently delivered to Customer.  Customer must destroy all previous copies of the Licensed Software, however duplicated or archived, within one year of installation of the Upgrade or Update.  If the Upgrade or Update is to a Component Software of the Licensed Software, it may be used only as part of the single Licensed Software package and may not be separated for individual use.

   4. Maintenance
    and Support 

Customer shall purchase maintenance and support services from FAST with respect to all software licensed hereunder for a three year term as set forth in the Order Form, which may thereafter be extended at the option of the Customer for successive one year terms, subject to the last paragraph of this Section 4.  The Annual Maintenance and Support Fee entitles customer to the Support services described in Schedule B and the following maintenance services: (i) notification of and access to FAST software patches and documentation released by FAST; and (ii) notification of and access to Updates and Upgrades.  Maintenance services do not include the provision of any newly developed modules, released by FAST after the Effective Date that include significantly different features and functionality, and which are packaged and marketed as separate modules.

   The Annual Maintenance
    and Support Fee for the first 12 months following the Effective Date is due
    and payable as set forth in the Order Form.

FAST will provide the
    Premium levels of support as set forth in Schedule B.

The Annual Maintenance and Support Fee for each subsequent 12 month period shall be due and payable an the commencement of such period as set forth in the Order Form, unless Customer notifies FAST in writing sixty (60) days in advance of the beginning of such period that Customer desires to terminate maintenance and support. If Customer terminates maintenance and support, FAST shall be under no obligation to resume providing such services to Customer under any circumstances.

If Customer licenses new Add-on Modules or, in the event of a Change in Control, Capacity Increases, effective on any date other than the Effective Date or any anniversary thereof, the Annual Maintenance and Support Fee for such Add-on Modules or Capacity Increases shall be pro-rated for the remainder of the year in question.

Under no circumstances will FAST be responsible for supporting or correcting any errors in the Licensed Software resulting from any modifications made to the Licensed Software by Customer, and FAST will not be liable for any loss or damage of any nature directly or indirectly caused by such modifications.  Customer must install Updates that contain bug-fixes in order to receive Maintenance and Support, provided that such Updates do not adversely and materially affect the performance or functionality of the Licensed Software. 

FAST may, at its sole discretion, cease providing Maintenance and Support for any prior version of the Licensed Software twelve (12) months after an Upgrade is made available. 

Except during the initial three year Maintenance and Support term, at such time as FAST decides to cease maintaining and supporting the Licensed Software for its entire customer base, FAST may cease providing Maintenance and Support two years after such decision is communicated by written notice to Customer. 

   5. License
    Fees 
  

 The Total Software License
  Fee shall be paid as set forth in the Order Form.

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  5.2. Future
    Purchases

 Customer may purchase
  additional Base Packages, Add-on Modules, Maintenance and Support, other products
  and services for a price and on terms no less favorable to Customer than offered
  or sold by FAST to any other customer for similar products or services at the
  time of purchase, or has offered or provided within the 6 months preceding the
  purchase.

   6. General
    Payment Conditions
     

Payment of Total Software License Fee, Annual Maintenance and Support Fee and any other fees shall be made by electronic wire transfer to a bank account to be designated in writing by FAST. Any invoices shall be due and payable within 28 days of the invoice date.

Overdue payments shall bear interest at the rate of 12% annually, or the maximum permitted by applicable law, whichever is less, and Customer shall reimburse FAST for all costs FAST incurs attempting to recover payments due. 

All fees, of whatever kind, are exclusive of all sales taxes, use taxes, value added taxes and any other similar taxes imposed by any federal, state, provincial or local governmental entity on the transactions contemplated by this Agreement, excluding taxes based upon FAST’s net income. When FAST has the legal obligation to pay or collect such taxes, the appropriate amount shall be invoiced to and paid by Customer unless Customer provides FAST with a valid tax exemption certificate authorized by the appropriate taxing authority.

In the event that any withholding taxes or any other similar taxes are imposed by any federal, state, provincial or local governmental entity on the transactions contemplated by this License Agreement Customer shall pay such taxes  in such amounts as are necessary to ensure that FAST receives the full amount of the then due fees. 

   7. Delivery
    and Installation.
     

FAST shall deliver and install one copy of the Licensed Software to Customer, including software keys to enable use of the Licensed Software,  unless otherwise expressly stated in the Order Form.  The Licensed Software as delivered and installed shall meet the 

  Performance Criteria
    set forth on Schedule C

   8. Audit
    Right
     

In the event there is a Change of Control, FAST or its designee shall have the right to have a reputable third party inspect Customer’s data processing systems and records for the sole purpose of verifying that Customer is complying with the “Capacity Cap” as defined in the Order Form, and determining whether Customer has complied with these Terms and Conditions and reporting its findings to FAST. Such inspections will be made on not less than ten (10) days written notice, during regular business hours. If the inspection reveals an underpayment to FAST of license fees, the Customer shall pay to FAST the deficit. FAST shall bear the expense of such inspection unless the inspection reveals license fees that vary more than five percent (5%) from the license fees paid to FAST, in which case the Customer shall bear the costs associated with the inspection.

   9. Limited
    Warranty
     

 9.1     FAST
  is the owner or licensee of all intellectual property rights in and to the Licensed
  Software and there is no pending or, to the best of FAST’s knowledge threatened,
  litigation against FAST which could materially impact upon its ability to perform
  its obligations under this License Agreement.  

 9.2     FAST
  has full power and right to license the Licensed Software and perform all other
  terms of this License Agreement, and the use of Licensed Software, or the exercise
  of the licenses granted hereunder, will not violate or interfere with the intellectual
  property or contractual rights of any third party, including without limitation,
  those rights arising under copyright, trademark, trade secret or patent law,
  provided, however that FAST shall not be liable for breach of representation
  and warranty if a violation or interference occurs by reason of content supplied
  by Customer content owners, end users or other third parties.  

 9.3     FAST
  warrants that, for a period of ninety (90) days from the Effective Date, the
  CD or other media on which the Licensed Software is furnished (“Media”)
  shall be free from defects in materials and workmanship under normal use and
  service.

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  Company Confidential 

  9.4     In
    the event that such media is proven to be defective, FAST’s entire liability
    and Customer’s sole and exclusive remedy shall be to promptly replace
    the media or such part of the media not meeting FAST’s limited warranty,
    provided that Customer returns the media or such part of the media to FAST.
     

   9.5     FAST
    represents and warrants that the Licensed Software shall conform in all material
    respects to the Documentation and Schedule A and the Performance Criteria
    set forth in Schedule C for a period of one year from the Effective Date.
    In the event of any breach of the warranty set forth in this Section 9.5,
    FAST shall promptly modify the Licensed Software so that the Licensed Software
    conforms in all material respects to the Documentation, Schedule A and Schedule
    C, and failing that, will refund to Customer all amounts paid hereunder upon
    return of the Licensed Software. The foregoing shall be Customer’s sole
    remedy for a breach of the warranties contained in this Section 9.5. 
  

   9.6     No
    “back door,” “lockout,” “time bomb,” “drop
    dead device,” restraint, monitoring, logging or disabling code or similar
    devices that may be activated or used by FAST are incorporated or present
    within the Licensed Software. Further, FAST shall use commercially reasonable
    efforts to ensure that the Licensed Software, when delivered to Customer is
    free of computer viruses, worms and other malicious code that may potentially
    interfere with Customer’s use of the Licensed Software or damage or compromise
    any computer systems or networks on which it is operated.  

   9.7     All
    services provided by FAST to Customer, including Maintenance and Support services,
    will be provided in a workmanlike manner and with professional diligence and
    skill.  

   9.8     FAST
    shall have no obligation or other liability with regard to any error or non
    compliance with the warranties set forth above that is caused, in whole or
    in part by; (a) modifications or alterations to the Licensed Software made
    by the Customer; (b) use of the Licensed Software by the Customer other than
    as contemplated herein; (c) products or services not provided by FAST; (d)
    the negligence or willful misconduct of Customer; (e) the Customer’s
    implementation and installation of  

the Licensed Software other than in accordance with instructions furnished by FAST; or (f) electrical malfunction. FAST shall have no liability to the Customer under this license agreement, or otherwise, by reason of content supplied by the Customer, content owners, end users or other third parties. 

   10.   Indemnification
     

   10.1     FAST
    agrees to promptly defend, indemnify and hold Customer and its directors,
    officers, employees, Affiliates, agents and advisors (hereinafter called collectively
    the “FWHT
    Indemnitees”)
    harmless from and against, and pay or reimburse the FWHT Indemnitees for,
    any and all third party claims and resulting liabilities, obligations, fines,
    costs, expenses, charges, royalties, proceedings, deficiencies, or damages,
    including, without limitation, reasonable attorneys’ and accountants’
    fees incurred in the investigation or defense of any of the same or in asserting
    any of their respective rights thereunder (hereinafter called collectively
    the “Losses”),
    resulting from or arising out of (i) an actual or alleged violation or breach
    by FAST of its representations and warranties under Sections 9.1 or 9.2, or
    (ii) bodily injury to any person or damage to personal property arising out
    of the negligent acts or omissions of FAST, its employees, agents or subcontractors.
    The indemnification obligations set forth in this Section 10.1 shall survive
    as long as this License Agreement is in effect.  

   10.2     If
    in the case of any third party claim of the sort described in Section 10.1(i)
    above, the use of the Licensed Software is determined in a final, non-appealable
    court order to constitute an infringement of any intellectual property or
    contract right of any third party or its use is enjoined or restrained, or
    if in respect of any claim of infringement or violation of any intellectual
    property or contract right of any third party, FAST deems it advisable to
    do so, FAST will at its expense use commercially reasonable efforts to (i)
    procure the right for Customer to continue to use in accordance with the terms
    of this Agreement the Licensed Software, or (ii) replace the same with a noninfringing
    equivalent, or, if remedies (i) or (ii) are not available, (iii) terminate
    the license granted hereunder and give Customer a pro-rata refund of the license
    fee paid for the Licensed Software, calculated on the basis of straight line
    depreciation over five years, provided doing so shall not relieve FAST of
    its indemnity or other obligations hereunder resulting from such infringement.
     

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   10.3     Customer
    shall provide written notice to FAST of any Loss in respect of which FAST
    may be liable under Section 10.1 (hereinafter called an “Indemnification
    Notice”),
    but Customer’s failure to provide such notice or delay in providing such
    notice shall not relieve FAST of its obligations under this Section 10 unless
    such failure or delay results in the forfeiture FAST’s right to defend
    the claim. Such Indemnification Notice will be dispatched by the Customer
    as soon as reasonably practicable after receipt by the Customer of notice
    of any Loss, but in no event later than 30 days after the Customer’s
    discovery of such Loss. The Indemnification Notice will (i) reference this
    Agreement and (ii) set forth in reasonable detail the facts and circumstances
    justifying such claim.  

FAST will pay for any Loss promptly in cash once its responsibility has been finally determined.  Customer will permit FAST at FAST’s option and expense, to assume the defense of such claim and to settle or otherwise dispose of the same; provided, however, that Customer may in its discretion and at its expense at all times participate in such defense by counsel of its own choice, but the fees, expenses and other charges of such counsel will be for the account of Customer, unless:  (i) the employment of counsel by Customer has been authorized in writing by FAST, (ii) there is a conflict or potential conflict (based on advice of counsel to the Customer reasonably acceptable to FAST) between  any claim or defense of Customer and FAST, or (iii) unless FAST has not in fact employed counsel to assume the defense of such action within a reasonable time after receiving notice of this commencement of the action; and provided

further that Customer will be entitled to control such defense jointly with FAST in the case of any litigation referred to in clause (ii) of the immediately preceding proviso to this sentence. 

FAST will not, in defense of any such claim, except with the prior written consent of the Customer, enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff in question to the Customer a release of all liabilities in respect of such claim. 

 11.     Disclaimer of Warranties 

EXCEPT AS STATED IN SECTION 9, FAST AND ITS LICENSORS AND SUPPLIERS MAKE NO WARRANTIES OR CONDITIONS, EXPRESS, IMPLIED OR STATUTORY, WITH RESPECT TO THE LICENSED SOFTWARE OR THE USE OR OPERATION THEREOF AND SPECIFICALLY DISCLAIM THE IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. 

   12.     Limitation
    of Liability
     

Except with respect to claims relating to breach of the confidentiality provisions herein, intellectual property infringement,  use of the software by Customer outside of the scope of the license granted herein, and FAST’s indemnification obligations under Section 10, under no circumstances shall either party’s aggregate liability to the other party arising out of or related to this License Agreement exceed the lesser of (i) the aggregate fees due or paid to FAST from Customer at the time of such Party’s claim or (ii) the actual damages sustained by such party, regardless of whether any action or claim is based on warranty, contract, tort or otherwise. Each party hereby releases the other party from all obligations, liability, claims or demand in excess of this limitation.

Neither FAST nor its licensors and suppliers, nor Customer, shall be liable for any special, indirect, incidental, or consequential damages, including, but not limited to, any loss of revenues, lost profits, loss of or inaccuracy of data, or lost or interrupted business, however caused and whether based in tort (including negligence), contract, or any other theory of liability, even if such entity has been advised of the possibility of such damages. 

This limitation of liability shall apply to the maximum extent permitted by law. 

   13.
    Customer’s Representations and Warranties
     

Customer represents and warrants that it has the right to enter into this License Agreement, that Customer is a corporation duly organized and existing (and in good standing) under the laws of the country or state of its incorporation and has the power and authority (corporate or otherwise) to execute and deliver this License Agreement.

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 14.     Title
   

Title, ownership rights, and any and all intellectual property rights in and to the Licensed Software shall remain in FAST and/or its licensors and suppliers. The Licensed Software is protected by copyright laws and international copyright treaties.  Title, ownership rights, and intellectual property rights in and to the content accessed through the Licensed Software is the property of the applicable content owner and may be protected by applicable copyright or other law.  This License Agreement gives Customer no rights to such content. Except as expressly provided herein, all right, title and interest in and to the Licensed Software remains with FAST and its licensors and suppliers. 

 15.     U.S.
  Government-Restricted Rights
   

The Licensed Software is a "commercial item" as that term is defined in 48 CFR 12.101 (Oct. 1995), consisting of "commercial computer software" and "commercial computer software documentation" as such terms are used in 48 CFR 12.212 (Sept. 1995).  Consistent with 48 CFR 12.212 and 48 CFR 227.7202-1 through 227.7202-4 (June 1995), all U.S. Government End Users acquire the Software with only those rights explicitly set forth herein. 

 16.   Reserved
   

 17.     Press
  Releases and Other Promotions
   

The parties may publish press releases concerning the existence of this License Agreement and the non-financial terms hereof with the other party’s written consent. Otherwise no public statements concerning the existence or terms of the License Agreement will be made or released to any medium except with the prior approval of both parties or as required by statute or regulation.  FAST is required to disclose the existence of the transaction contemplated hereby to the Oslo Stock Exchange; FAST agrees that such disclosure shall not include Customer’s identity and that it will obtain the prior approval fro Customer for such disclosure, such approval not to be unreasonably withheld. 

FAST acknowledges that Customer intends to file a current report on Form 8-K with the Securities and Exchange Commission (“SEC”) concerning the entry into this agreement, and that Customer may file a copy of this agreement 

with such report or other periodic reports under the Securities Act of 1934 filed by Customer. Customer shall request confidential treatment of any information that is determined by Customer’s legal counsel to be exempt from public disclosure under applicable SEC rules. 

 18.     Confidential
  Information
   

During the term of this License Agreement and thereafter, each party will use and reproduce the other party’s Confidential Information only for the purposes of this Agreement and will restrict disclosure of the other party’s Confidential Information to its employees, accountants, attorneys, consultants, advisors, Affiliates and employees of Affiliates, with a need to know who are under a binding obligation to comply with the restrictions set forth in this Section 18 and will not disclose the other party’s Confidential Information to any third-party without the prior written approval of the other party. Notwithstanding the foregoing, it will not be a breach of this License Agreement for either party to disclose Confidential Information of the other party if required to do so under law  or in a judicial or other governmental investigation or proceeding, provided that the other party has been given prior notice and the disclosing party has soug

ht all available safeguards against widespread dissemination prior to such disclosure.

As used in this License Agreement, the term “Confidential Information” refers to: (i) the prices set forth in this License Agreement; (ii) each party’s trade secrets, business plans, strategies, methods and/or practices; (iii) any other information relating to either party or its business that is not generally known to the public, including but not limited to information about either party’s personnel, products, customers, marketing strategies, services, pricing or future business plans. Notwithstanding the foregoing, the term "Confidential Information" specifically excludes (A) information that is now in the public domain or subsequently enters the public domain by publication or otherwise through no action or fault of the other party; (B) information that is known to either party without restriction, prior to receipt from the other party under this License Agreement, from its own independent sources as evidenced by such party’s w

ritten records, and which was not acquired, directly or indirectly, from the other party; (C) information that either party receives from any third party

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reasonably known by such receiving party to have a legal right to transmit such information, and not under any obligation to keep such information confidential; (D) information independently developed by either party’s employees or agents provided that either party can show that those employees or agents had no access to the Confidential Information received hereunder; and (E) information that the receiving party is required to disclose by law or court order.  

19. Term and Termination 

19.1. Term 

This License Agreement will become effective on the Effective Date and will remain in effect with a perpetual term unless and until terminated in accordance with the following paragraph.

19.2. Termination 

Either party may terminate this License Agreement forthwith if the other party materially defaults under this License Agreement and fails to cure such default within 45 days after receipt of written notice of such default from the other party.

In lieu of termination under the preceding paragraph, in the event FAST materially defaults under this License Agreement and fails to cure the default within the time therein provided, Customer shall have the option to declare a breach but not to terminate this License Agreement, and proceed to exercise any rights at law or in equity available to Customer. 

A party may terminate this License Agreement forthwith if the other party becomes insolvent, files a petition for bankruptcy, or makes an assignment for the benefit of the creditors, or a receiver or trustee is appointed for the other party or its business, or bankruptcy, insolvency or reorganization proceedings are instituted by or against the other party, and such insolvency or proceedings are not resolved or dismissed within ninety (90) days or their occurrence or filing. 

In the event that FAST should file a petition under bankruptcy laws, or that an involuntary petition shall be filed against FAST, and Customer does not exercise its right to terminate this Agreement, the parties intend that Customer shall be protected in the continued enjoyment of 

its rights as Customer hereunder and under the Escrow Agreement to the maximum feasible extent including, without limitation, if it so elects, the protection conferred upon licensees under Section 365(n) of Title 11 of the U.S. Code, or any similar provision of any applicable law. FAST agrees that it will give Customer reasonable prior notice of the filing of any voluntary petition, and prompt notice of the filing of any involuntary petition, under any bankruptcy laws. 

19.3. Results of Termination 

All Licenses granted herein shall become null and void upon the termination of this License Agreement. Following the termination of this License Agreement, for whatever reason, Customer shall return to FAST any and all software program documentation or any other materials, copies or reproductions of the foregoing, relating to the Licensed Software, and Upgrade(s), Update(s) and enhancements thereto. Further, upon termination of this License Agreement, both parties shall promptly, and in any event within 60 days following termination, return to the other party all other property and Confidential Information belonging to the other, in all forms partial and complete, in all types of media and computer memory, and whether or not merged with other materials, or to the extent such return is not reasonably practical, will destroy the foregoing and provide the originating party with a certificate by an officer of the company certifying destruction.

20. Force Majeure 

Neither party shall be liable to the other for any delay or non-performance of its obligations hereunder in the event and to the extent that such delay or non-performance is due to an event of Force Majeure.

Events of Force Majeure are events beyond the control of the party which occur after the time of signing of this License Agreement and which were not reasonably foreseeable at the time of signature of this License Agreement and whose effects are not capable of being overcome without unreasonable expense or loss of time to the party concerned. Events of Force Majeure shall include (without being limited to) war, acts of government, natural disasters, fire and explosions.

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21. Independent Contractors 

Nothing in this License Agreement shall create, evidence or imply any agency, partnership or joint venture between the parties. Neither party shall act or describe itself as the agent of the other nor shall it represent that it has any authority to make commitments on the other’s behalf. 

22. Severability 

If any provision of this License Agreement is declared by any judicial or other competent authority to be void, voidable, illegal or otherwise unenforceable then the remaining provisions of this License Agreement shall continue in full force and effect. The judicial or other competent authority making such determination shall have the power to limit, construe or reduce the duration, scope, activity and/or area of such provision, and/or delete specific words or phrases as necessary to render such provision enforceable. 

23. Assignment 

Neither Party may assign or transfer this Agreement, in whole or in part, without the other Party’s written consent except (i) in the event of a Change of Control of the Party (as defined below), or (ii) in the case of Customer, to an Affiliate to whom Customer is permitted to sublicense the Licensed Software under Section 2. Any attempted assignment
or transfer in violation of this Section will be null and void. “Change of Control” means,
with respect to a Party: (a) the direct or indirect acquisition of either (i)
the majority of voting stock of such Party, (ii) all or substantially all of
the assets of such Party, by another entity in a single transaction or a series
of transactions or (iii) the business of a Party that is the subject matter of
this Agreement; or (b) the merger of such Party with another entity where the
other entity retains voting control of the Party after the merger. Subject to
the foregoing restrictions, this Agreement shall inure to the benefit of the
successors and permitted assigns of the Parties. 

In the event of an assignment by virtue of a Change of Control of FAST, if such FAST successor is a Customer Competitor, then Customer may terminate this License Agreement by written notice (the “Assignment Termination 

Notice”) to FAST not earlier than 60 days after the assignment. In the Assignment Termination Notice, Customer may also elect to continue to use the Licensed Software for a period of up to 12 months after the assignment under the terms of this License Agreement, including receiving Maintenance and Support if Customer is then current in its payment therefore and if FAST is then providing Maintenance and Support to its Licensed Software customer base. If Customer does elect to terminate this Agreement as set forth in this section, FAST shall give Customer a pro-rata refund of (i) the Total Software License Fee paid on the basis of straight line depreciation over five years, calculated to the end of the period during which Customer is using the Licensed Software (i.e., if the Customer elects to continue the use for the 12 month period, that pe

riod shall be taken into account to calculate the proration) and (ii) the most recently paid Maintenance and Support Fee, pro-rated to reflect the time remaining in the then-current Maintenance and Support Term, also calculated to the end of the period during which Customer is using the Licensed Software (provided that if there are less than 6 months remaining in such term and Customer has elected to use the Licensed Software beyond the then current Maintenance and Support term, Customer shall pay for the additional months of on a prorated basis).  For example, if Customer elects to terminate the Agreement 12 months after the Effective Date and to continue use of the Licensed Software for an additional 6 months after FAST’s assignment of the Agreement, Customer would have used the Licensed Software for 18 months out of a 60 month amortization and would be entitled to a refund of 42/60 of the Total Software License Fee (to the extent paid in accordance with this Agreement).

In the event of an assignment by virtue of a Change of Control of Customer, if such successor is a FAST Competitor, then FAST may terminate this License Agreement by delivering an Assignment Termination Notice to Customer not earlier than 60 days of the Assignment. If FAST does elect to terminate this Agreement as set forth in this section, FAST shall give Customer a pro-rata refund of (i) the Total Software License Fee paid on the basis of straight line depreciation over five years, calculated to the end of the period during which Customer is using the Licensed Software  and (ii) the most recently paid Maintenance and Support Fee, pro-rated to reflect the time

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remaining in the then-current Maintenance and Support Term. 

24. Counterparts 

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

25. Notices 

Except as may be otherwise provided herein, all notices, requests, demands, waivers and other communications made pursuant to this License Agreement shall be in writing and shall be conclusively deemed to have been duly given upon receipt: (i) if delivered by hand or (ii) if delivered by DHL or similar internationally recognized overnight courier or (iii) if delivered by certified mail return receipt requested.

Notices are to be sent to FAST to the address at stated on top of the Order Form, Attn. Legal Department. A copy of the notice shall be sent to Fast Search & Transfer Inc., Attn. Legal Department, 117 Kendrick Street, Suite 100, Needham, MA  02494, USA, facsimile +1 781 304 2410.  Notices to the Customer are to be sent to the address set out in the Order Form. 

26. Choice of Law and Forum 

This License Agreement, its interpretation, performance or any breach thereof, will be construed in accordance with, and all questions with respect thereto will be determined by, the laws of the Commonwealth of Massachusetts. 

27. Miscellaneous 

This License Agreement represents the complete agreement concerning the subject matter hereof and supersedes all prior agreements and representations between the parties.

No pre-printed terms in any purchase order issued hereunder shall be of any force or effect. This License Agreement may only be amended in writing, executed by both parties.

28. Survival 

All terms of this License Agreement that by their 

nature extend beyond its termination remain in effect until fulfilled, and apply to respective successors and assigns.

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Schedule A 

FAST Data Search Product Description

FAST Data Search TM 360 Base Package  

Product includes: 

	 	•	FAST Data Search
    Product Line Technology (defined below)
	 	 	* *
    * *

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     Schedule B 

Service Level Objectives 

FAST Data Search Support

This Schedule sets forth the interface between FAST and Customer regarding the resolution of problems with FAST Licensed Software.

Annual Maintenance and Support Fee(s) shall entitle the Customer to the maintenance services described in the Terms and Conditions as well as telephone, e-mail and Web-based support as defined in this Schedule. By way of example, The Annual Maintenance and Support fee does not include on-site technical support, training, professional services or related travel expenses.

A.     Customer’s
Responsibilities  

1.     Before
    any service request is made to FAST, Customer shall attempt to identify the
    cause of the given
problem.

2.     If
    during the course of this process, a technical problem is isolated that is
    related to the FAST Licensed
    Software, then Customer shall notify FAST Technical Product Support as set
out below. 

3.     Only
    Customer personnel whose name, department, location, e-mail address and phone
    number have been provided to FAST by email shall be permitted to contact
    FAST Technical Product Support. Customer
may designate up to three such individuals. 

B.      When
and How to Make Requests for Problem Resolution  

1.     All
    subscribers have 24x7 access to an automated e-mail reporting service through
    which support  requests
    are logged and Ticket (ID)s issued within thirty minutes.This service can
be reached at fds-support@fastsearch.com.

2.     In
    cases where Customer is not able to reach FAST Technical Product Support
    via e-mail, receives
    no replies from FAST or when Customer is a subscriber to standard level support
    and has critical problems
    that must be addressed urgently, Customer can also call the following numbers
    that may be staffed by
    non-technical personnel
of FAST or a third party contractor of FAST: 

Phone: +1 781
      304 2458 (M-F, 8 a.m. to 5 p.m. Eastern Time, excluding U.S. holidays)
      

    Phone: +47 23 01 12 (M-F, 8 a.m. to 5 p.m. Central European Time, excluding
Norwegian holidays)

3.       Subscribers
    to premium level support also have access to an Emergency Telephone Hotline that
    is available 24x7x365 for Severity 1 issues only. This hotline, the telephone
    number for which will be  provided
    to such subscribers after execution of the License Agreement, must be
    used when reporting Severity
1 problems to FAST.

4.      FAST
    Technical Product Support is available for the resolution of specific technical
    problems only;
    customers with non-technical issues should contact their account manager.
    Customers interested in increasing
    their general knowledge about how to utilize FAST Data Search are encouraged
    to enroll in one
of FAST’s educational programs.

C.     When
and How FAST will Respond to Requests for Problem Resolution 

1.      A
    knowledgeable FAST support engineer will respond to Customer’s request
    for problem resolution based
on the case severity level, as described below.  

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	      Support
    Response Objectives  	 
	
	
	

	Case Severity	Standard Support	Premium Support
	

	 	 	 
	1	Within 2 hours after logging the issue, provided	Within 1hour after logging the issue and
	 	the issue is reported between 9:00 CET and	calling the emergency hotline.
	 	23:00 CET (i.e., between 3:00 am EST and 5:00	 
	 	pm EST) Monday through Friday excluding	 
	 	holidays.	 
	 	Issues reported after the above hours will be	 
	 	responded to the following business day.	 
	

	2	Within 2 working days after logging the issue.	Within next working day after logging the
	 	 	issue.
	

	3	Within 1 working week after logging the issue.	Within 1 working week after logging the
	 	 	issue.
	
	
	

2.       Problem
Resolution

Resolution will consist
    of either a Work Around, an Interim Solution or a Permanent Solution. Problems
    that require an Interim Solution will be considered resolved when the test
    used to reproduce the problem demonstrates the corrected behavior. Note:
    FAST is not responsible for resolving problems arising from errors in equipment
    or software not provided by FAST or errors made by individuals who are not
FAST employees or contractors.

	3.	 Resolution
    Objectives  
	
	

	Case Severity	Work Around	Interim Solution	Permanent Solution
	

	 	 	 	 
	1	Standard Support:	Standard Support:	Standard Support:
	 	Provided within 5 working	Provided within 2 working	Included in next release.
	 	days.	weeks if no Work Around is	 
	 	 	possible.	 
	 	 	 	Premium Support:
	 	Premium Support:	Premium Support:	Included in next release.
	 	Provided within 48 hours.	Provided within 1 working	 
	 	 	week if no Work Around is	 
	 	 	possible.	 
	

	 	 	 	 
	2	Standard Support:	Standard Support:	Standard Support:
	 	Provided within 2 working	Provided within 1 working	Included in next release.
	 	weeks.	month.	 
	 	 	 	Premium Support:
	 	Premium Support:	Premium Support:	Included in next release.
	 	Provided within 1 working	Provided within 1 working	 
	 	week.	month.	 
	

	 	 	 	 
	3	Next release.	N/A	When deemed feasible by FAST.
	
	
	
	

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4.      Severity Definitions

	  Severity	Description
	Level	 
	

	1	A Severity 1 problem
      exists if any FAST Licensed Software or major function thereof is (i) inoperative,
      or (ii) is experiencing terminable/intermittent problems that is having
      a significant impact on the Customer’s ability to use the FAST Licensed
      Software.
	

	2	A Severity 2 problem
      exists if functionality of the FAST Licensed Software is found to be defective
      or absent, or contains a problem that renders FAST Licensed Software difficult,
      but not impossible to use.
	

	3	A Severity 3 problem
      exists if the customer experiences a non-critical degradation of performance,or
      experiences minor problems that need correction in either FAST Licensed
      Software or the relevant FAST product manuals
	

5.      	Escalation within FAST

Once FAST Technical Product Support is notified as above, the FAST support organization will be notified and will start verifying the problem. Once the problem is verified by the FAST support organization, the request will be handed over to product development if no resolution is immediately available.

The assigned support engineer follows up the issue internally within FAST and will according to the resolution objectives set forth above attempt to send out work-around and Interim or Permanent Solutions.

D.     Definitions 

“Bug” means any error, problem, or defect resulting from (a) an incorrect functioning of the FAST Licensed Software or (b) an inconsistency between the FAST Licensed Software behavior and the Documentation. 

“Interim Solution” means a short-term code-fix delivered as a hot fix or a patch from FAST to the customer. 

“Permanent Solution” means, an Update of the FAST Licensed Software in which the problem has been resolved to conform to the FAST Licensed Software specification contained in the Documentation.

 “Reproducible Test Case” means a test case that demonstrates in a small code sample, usually less than 100 lines, or in a detailed text format, the specific syntax or case that causes the problem. The test case must demonstrate the inconsistencies with the FAST Licensed Software Documentation. 

“Work Around” means a temporary solution to a problem. A Work Around will be replaced with a Permanent Solution unless otherwise agreed to by Customer. 

Other capitalized terms have the meanings assigned to them in the License Agreement. 

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      Schedule
  B 1 

  FAST SDK Support  

FAST SDK Support

This Schedule sets forth the interface between FAST and the Customer regarding the resolution of problems with FAST Data Search Software Development Kit (SDK).

 The FAST Data Search
  Software Development Kit (SDK) is a toolbox containing all APIs related to FAST
  Data Search as well as relevant development tools and code/application examples.
  

By way of example, SDK
  Support does not include on-site technical support, training, professional services
  or related travel expenses.  

A.     Customer’s Responsibilities 

1.     Before any service request is made to FAST, Customer shall attempt to identify the cause of the given problem. 

 2.      If
  during the course of this process, a technical problem is isolated that is related
  to the FAST SDK,
  then Customer shall notify FAST SDK Support as set out below. 

3.     Only Customer personnel whose name, department, location, e-mail address and phone number have been provided to FAST by email shall be permitted to contact FAST SDK Support.

B.     When and How to Make Requests for Problem Resolution 

1.     All subscribers have 24x7 access to an automated e-mail reporting service through which support requests are logged and Ticket (ID)s issued within thirty minutes. This service can be reached at sdk-support@fastsearch.com 

2.     In cases where Customer is not able to reach FAST SDK Support via e-mail or receives no replies from FAST, Customer can also call the following numbers that may be staffed by non-technical personnel of FAST or a third party contractor of FAST: 

 Phone: +1 781
  304 2458 (Served during standard EST business hours) 

  Phone: +47 23 01 12 (Served during standard CET business hours) 

 3.     FAST
  SDK Support is available for the resolution of specific technical problems with
  the FAST SDK only; support of FAST Data Search is governed by the terms of Schedule
  B; FAST is not responsible for resolving problems arising from errors in equipment
  or software not provided by FAST or errors made by individuals who are not employees
  or contractors of FAST.  

4.     Customers with non-technical issues should contact their FAST account manager.

5.     Developers interested in increasing their general knowledge about how to utilize FAST SDK are strongly encouraged to enrol in FAST University’s Software Developer Certification track. 

 C.     When and How
  FAST will Respond to Requests for Problem Resolution  

 1.     Support
  requests will be handled in the order received. 

	 	•	Average time to respond
      to requests for support = 1 business day from time request was acknowledged
      by FAST

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Customer can track its current FAST SDK questions and incidents via FAST’s web-based ticket tracking system at https://www.ticket.fast.no 

Escalation 

If bugs logged to FAST SDK support cannot be resolved by the SDK support team, they will be escalated to FAST SDK development team. FAST SDK development team will provide status feedback. 

 SDK updates can be but
  are not limited to the following methods:
  

	 	 	•	Delivery of an SDK
      patch
	 	 	 	 
	 	 	•	Inclusion of a fix
      in next FAST SDK release with schedule provided to customer

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SCHEDULE C 

	I. 	Performance
    Criteria

* * * * 

	II.	Sizing
    Requirements 

 

* * * * 

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SCHEDULE D 

Customer Competitors 

The following companies and any Affiliates thereof: 

	 	1.	Yahoo
	 	2.	Google
	 	3.	LookSmart
	 	4.	Marchex
	 	5.	Interchange
	 	6.	Kanoodle
	 	7.	Lycos
	 	8.	goClick
	 	9.	ValueClick
	 	10.	FastClick
	 	11.	InfoSpace
	 	12.	Mirago
	 	13.	IndustryBrains
	 	14.	Business.com

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      SCHEDULE E

 FAST
        Competitors 

The
        following companies any Affiliates thereof 

	 	1.	Google
	 	2.	Yahoo!
	 	3.	Microsoft
	 	4.	Verity
	 	5.	Autonomy
	 	6.	Convera
	 	7.	Endeca

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SCHEDULE F 

 Escrow
  Agreement 

 

  

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FAST Company Confidential 

SCHEDULE F-1 

 PREFERRED
  BENEFICIARY
   

  ACCEPTANCE FORM
   

 Depositor, Preferred
  Beneficiary and DSI Technology Escrow Services, Inc. (“DSI”), hereby
  acknowledge that   __________________________________  
  is the Preferred Beneficiary referred to in the Master Preferred Escrow Agreement
  effective   ___________ , 20 _____ with DSI as escrow agent and ___________________________
  as the Depositor. Preferred Beneficiary hereby agrees to be bound by all provisions
  of such Agreement.  

Depositor hereby enrolls Preferred Beneficiary to the following account(s): 

	Account
      Name	 	Deposit
      Account Number
	 	 	 
	
	 	 

	 	 	 
	
	 	

	 	 	 
	
	 	

	 	 	 
	Notices
      and communications to Preferred

      Beneficiary should be addressed to:	 	Invoices
      should be addressed to:
	 	 	 
	Company
      Name: 	 	 
	 	
	 	

	Address:
      	 	 
	 	
	 	

	 	 	 
	
	 	

	 	 	 
	
	 	

	Designated
      Contact: 	 	Contact:
	 	
	 	 	 

	Telephone:
       	 	 
	 	
	 	

	Facsimile:	 	P.O.#,
      if required:
	 	
	 	 	

	E-mail:
      	 	 
	 	
	 	 
	 	 	 

	 	 	 
	
	 	

	Preferred
      Beneficiary	 	Depositor
	 	 	 
	By:	 	By:
      
	 	
	 	 	 

	Name:	 	Name:
	 	

    	 	 	
      

    
	Title:	 	Title:
	 	
	 	 	

	Date:	 	Date:
	 	
	 	 	

	 	 	 
	DSI
      Technology Escrow Services, Inc.	 	 
	 	 	 
	By:
      	 	 
	 	
	 	 
	Name:	 	 
	 	
	 	 
	Title:
      	 	 
	 	
	 	 
	Date:
      	 	 
	 	
	 	 

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FAST Company Confidential

24Prepared and filed by St Ives Burrups

EXHIBIT
  10.15

	 	 	 	 
	 	 DATED
    9 FEBRUARY 2004 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	ESPOTTING
    MEDIA (UK) LIMITED	 	 
	 	 	 	 
	 	and	 	 
	 	 	 	 
	 	SEBASTIAN
    BISHOP	 	 
	 	 	 	 
	 	and	 	 
	 	 	 	 
	 	FINDWHAT.COM	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	
	 	 
	 	SERVICE
    AGREEMENT	 	 
	 	
	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	Baker & McKenzie

100 New Bridge Street

London

EC4V 6JA

    Tel:
    020 7919 1000

Fax: 020 7919 1999

Ref: SCG/AAB 	 	 

1

THIS AGREEMENT made the 9th day of February 2004

BETWEEN: 

	(1)	ESPOTTING MEDIA (UK) LIMITED whose registered office is at Southampton House, 317 High Holborn, London, WC1V 7NL (the “Company”);
	 	 
	(2)	SEBASTIAN BISHOP of Basement Flat, 11 Queensgate Terrace, London, SW7 5PR (the “Executive”); and
	 	 
	(3)	FINDWHAT.COM, 5220 Summerlin Commons Blvd., Ft. Myers FL 33907 (a Nevada Corporation) (the “Guarantor”).

NOW IT IS HEREBY AGREED that the Company shall employ the Executive and the Executive shall serve the Company as Senior Vice President and the Guarantor (which is at the date hereof the ultimate holding company of the Company) shall guarantee the obligations of the Company upon and subject to the following terms and conditions: 

	1	This Agreement
        shall be conditional on consummation of the merger between Who Merger
        Corp. and Espotting (Media) Inc. in accordance with the terms of the
        Amended and Restated Merger Agreement of even date herewith (the “Merger
        Agreement”) and shall have no force and effect and shall be deemed
        void ab
        initio if
        the Merger Agreement is terminated. This Agreement supersedes the agreement
        by and between the Executive, the Company and the Guarantor dated June
        17, 2003 (the “Original Agreement”) and the Original Agreement
        shall be of no force and effect. The employment of the Executive under
        this Agreement (the “Employment”) shall be from the Effective
    Time until the expiry of not less than:
	 	 
	1.1	eighteen
        (18) months from the Effective Time at which time the Employment shall
    automatically expire without any further action by the parties; or 
	 	 
	1.2	one month’s
    written notice served by the Executive on the Company; or
	 	 
	1.3	one month’s
        advance written notice served by the Executive on the Company for Good
    Reason (as defined in Clause 15.1.10 below). If the Executive validly terminates
        the Employment with Good Reason under this Clause 1.3, the Executive
    shall be entitled to receive:
	 	 

 	2 

	 	1.3.1	the earned
        but unpaid portion of his base salary for the period up to and including
    the Termination Date;
	 	 	 
	 	1.3.2	an amount
        equal to the portion of his base salary that he would have earned during
        the period from the Termination Date to the eighteen (18) month anniversary
    of the Effective Time.
	 	 	 
	 	1.3.3	any other
        amounts or benefits owing to Executive under any applicable employee
        benefit, long term incentive or equity plans and programmes of the Company
    in accordance with the terms of such plans and programmes;
	 	 	 
	 	1.3.4	any benefits,
        (including, without limitation health, life, disability and pension)
        which the Executive would have been eligible to receive as an employee
        of the Company for the period from the Termination Date to the eighteen
        (18) month anniversary of the Effective Time to the extent that that
        the Company is able to provide the Executive with such benefits after
        the Termination Date under the terms of the relevant schemes and the
        rules of the scheme provider. If any scheme provider (including but not
        limited to any insurance company refuses for any reason (whether based
        on its own interpretation of the terms of the relevant scheme or otherwise)
        to provide any such benefits to the Executive, the Company shall not
        be liable to provide any such benefits or any compensation in lieu thereof;
    or
	 	 	 
	1.4	[Reserved]
	 	 	 
	1.5	[Reserved.] 
	 	 	 
	1.6 	Clauses
        1.1 to 1.3 above are subject to the Company’s right to terminate
    the Employment earlier in accordance with Clause 12 below. 
	 	 	 
	1.7	The Executive’s
        period of continuous employment began on 12 April, 2000. This includes
    the Executive’s previous employment with the Company.  
	 	 

3

	2.	The
      Executive shall perform his duties hereunder in the United Kingdom provided
      however that:
	 	 
	2.1	(without
      prejudice to the entitlement of the Company to require the Executive to
      travel in the course of his duties both within the United Kingdom and elsewhere)
      the Company shall not require the Executive to provide his services otherwise
      than from a base at the Company’s head office in London, unless it
      is in the best interests of the business of the Company that he does;
    
	 	 
	2.	before any
      decision is taken to request that the Executive provide his services elsewhere
      the Executive will first be given reasonable notice of the Company’s
      proposals and be allowed the opportunity to comment thereon; and
	 	 
	2.3
    	if after
      the foregoing consultation between the Company and the Executive the decision
      of the Company is that it is in the best interests of the Company’s
      business that the Executive provide his services elsewhere in the United
      Kingdom the Executive shall comply with that decision subject to the Company
      adequately compensating the Executive for all costs and expenses reasonably
      incurred by the Executive as a consequence of any resultant change in his
      place of residence up to a maximum of £10,000.
	 	 
	2.4	The Executive
      shall perform such duties as may be assigned to him by the Board of the
      Company and for such Associated Companies as may from time to time be designated
      by the Board of the Company.
	 	 
	3.	There are
      no fixed working hours applicable to the Executive’s employment under
      this Agreement. However, the Executive shall work such hours as are necessary
      for the proper performance of his duties of employment.
	 	 
	4.	The remuneration
      of the Executive shall be:
	 	 
	4.1	a
      fixed salary (which shall accrue from day to day) at the rate of US$360,000
      per annum payable by equal monthly instalments on the last day of every
      month; and
	 	 
	4.2	a
      bonus at such rate (if any) as may be decided from time to time by the Compensation
      Committee in its absolute discretion.

4

	5.	The
      Company shall reimburse the Executive up to an amount of £1,500 per
      annum in respect of premiums paid by the Executive for private health insurance
      and travel insurance taken out by the Executive.
	 	 
	6.	The
      Company shall also pay or procure to be paid to the Executive all reasonable
      travelling, hotel and other expenses reasonably and properly incurred by
      him in or about the performance of his duties hereunder including any expenses
      incurred in attending general meetings of the Company or any Associated
      Company of which he is an executive or to which he is required to render
      services hereunder subject to the Company’s rules and policies relating
      to expenses.
	 	 
	7.	In
      the case of illness of the Executive or other cause incapacitating him from
      attending to his duties the Executive shall receive Company Sick Pay based
      on his normal salary during such absence for a maximum period of 120 days
      in any period of 12 months. Any Company Sick Pay due to the Executive under
      this Clause 7 shall be inclusive of any Statutory Sick Pay he may be eligible
      to receive and deductions will be made from his Company Sick Pay for any
      other State sickness benefits due to the Executive, as well as normal deductions
      for tax and national insurance contributions.
	 	 
	8.	During
      the continuance of his employment hereunder the Executive shall unless prevented
      by ill-health devote his whole time and attention to the business of the
      Company and its Associated Companies and shall do all in his power to promote,
      develop and extend the business of the Company and its Associated Companies
      and shall at all times and in all respects faithfully and diligently perform
      his duties hereunder and conform to and comply with the directions and regulations
      made by the CEO and/or President of the Company and also shall not without
      the previous consent of the Company in writing under the hand of an executive
      duly authorised by a resolution of the Board of the Company:
	 	 
	8.1	be
      engaged in any other business; or
	 	 
	8.2	be
      concerned or interested in any other business of a similar nature to or
      competitive with that carried on by the Company or any of its Associated
      Companies provided always that nothing in this Clause 8 shall preclude the
      Executive from holding or being otherwise interested in any shares or other
      securities of any company which are

5
   

	 	 for
      the time being quoted on any recognised Stock Exchange so long as the interest
      of the Executive therein does not extend to more than one-hundredth part
      of the aggregate amount of such securities; 
	 	 
	8.3	(except
      in the proper course of his duties hereunder) either during or after the
      termination of the Employment use for his own purpose or those of any other
      person, company, business entity or other organisation, or disclose to any
      person, company business entity or other organisation any trade secret or
      secret manufacturing process of or any confidential information concerning
      the business or finances of the Company or of any of its dealings, transactions
      or affairs or any trade secret manufacturing process of or any such confidential
      information of any of its Associated Companies.
	 	 
	9.	The
      Executive shall (in addition to the usual public and bank holidays in England)
      be entitled to not less than six weeks’ holiday in each holiday year
      (the period from 1 January to 31 December). Holiday entitlement for one
      holiday year cannot be taken in subsequent holiday years. Failure to take
      holiday entitlement in the appropriate holiday year will lead to forfeiture
      of any accrued holiday not taken without any right to payment in lieu thereof.
	 	 
	10.	The
      Executive recognises that, whilst performing his duties for the Company,
      he will have access to and will come into contact with trade secrets and
      confidential information belonging to the Company or its Associated Companies
      and will obtain personal knowledge of and influence over customers and/or
      employees of the Company and its Associated Companies. The Executive therefore
      agrees that he will observe the obligations and restrictions set out in
      Clause 8 and Schedules 1 and 2 hereto and also agrees that the provisions
      contained or referred to Clause 8 and Schedules 1 and 2 are reasonable and
      necessary to protect the legitimate business interests of the Company and
      its Associated Companies both during and after the termination of his employment.
	 	 
	11.	If
      before the expiration of this Agreement the Employment shall be terminated
      by reason of the liquidation of the Company for the purpose of reconstruction
      or amalgamation and the Executive shall be offered employment with any concern
      or undertaking resulting from such reconstruction or amalgamation on terms
      and conditions not less favourable than the terms of this Agreement then
      the Executive

 6

	 	shall have
    no claim against the Company in respect of the termination of the Employment. 
	 	 
	12.
	Notwithstanding
        Clause 1 above, the Company may terminate the Employment without notice,
        or payment of salary in lieu of the unexpired fixed term, in the following
    circumstances:
	 	 
	12.1	commission
          by the Executive of a material and substantive act of theft, including,
          but not limited to, misappropriation of funds or any property of the
    Company; 

	 	 
	12.2	intentional
          engagement by the Executive in activities or conduct clearly injurious
          to the best interests or reputation of the Company which in fact results
    in material and substantial injury to the Company;  

	 	 
	12.3	refusal
        by the Executive to perform his assigned duties and responsibilities
        after receipt of a written detailed notice from the Company containing
    reasonable opportunity to cure;
	 	 
	12.4	gross insubordination
        by the Executive, which shall consist only of a wilful refusal to comply
        with a lawful written directive to the Executive issued pursuant to a
    duly authorised resolution adopted by the Board of the Company; 
	 	 
	12.5	the
          clear violation of any of the material terms and conditions of this
          Agreement or any written agreement or agreements the Executive may
          from time to time have with the Company, following 30 days’ written
          notice from the Company specifying the violation and Executive’s
    failure to cure such violation within such 30 day period;  

	 	 
	12.6	the Executive’s
        substantial dependence, as determined by the
        CEO and/or President of the Company in his absolute discretion, on alcohol
        or any narcotic drug or other controlled or illegal substance which materially
    and substantially prevents the Executive from performing his duties hereunder; 
	 	 
	12.7	  if
          the Executive shall, for an aggregate period of 120 days or more in
          any 52 consecutive weeks be incapable of performing his duties hereunder
          by reason of ill health or other incapacity (whether accidental or
    otherwise); or  

	 	 
	12.8	if the
    Executive shall be convicted of an indictable offence.
	 	 
	 	Any delay
        by the Company in exercising such right to termination shall not constitute
    a waiver thereof. 

7

	12.9	The Executive
    agrees that the Company may at its absolute discretion:
	 	 	 
	12.9.1	 	require
        him not to attend at work and/or not to undertake all or any of his duties
    hereunder during the unexpired term of the Employment PROVIDED ALWAYS
    that the Company shall continue to pay the Executive’s salary and contractual
    benefits; and/or 
	 	 	 
	12.9.2	 	make
    a payment or payments (which may, at the Company’s absolute discretion,
    be paid in instalments) representing salary in lieu of the unexpired term
    of the Employment. For the avoidance of doubt, such payment or payments shall
    not include the value of any benefits, bonus/incentive, commission, or holiday
    entitlement which would have accrued to the Executive had he been employed
    until expiry of the fixed term of the Employment and, further, the Executive
    shall have no entitlement to such payment, or payments unless and until the
    Company notifies the Executive in writing of its decision to make such a
    payment or payments to him. 

	 	 	 
	13.	Upon
        termination howsoever of this Agreement the Executive shall at any time
        or from time to time thereafter upon the request of the Company resign
        without claim for compensation from office as a Director of the Company
        and such offices held by him in any Associated Companies as may be so
        requested (without prejudice to any claim in respect of the wrongful
        termination or breach by the Company of this Agreement) and in event
        of his failure to do so forthwith upon request the Company is hereby
        irrevocably authorised to appoint some person in his name and on his
        behalf to sign and deliver such resignation or resignations to the Company
        and to each of the Associated Companies of which the Executive is at
    the material time an executive or other officer.
	 	 	 
	14.	If
        the Executive has any grievance relating to his employment with the Company,
        he should raise it with the CEO of the Guarantor and thereafter (if the
        matter is not resolved) with the Board of the Guarantor. In such a case
    the Board of the Guarantor

8

	 	will deal
        with the matter by discussion and majority decision of those present
        and voting (but without the Executive being entitled to vote on that
    issue if applicable). 
	 	 
	14.1	In
          consideration of the Executive entering into this Agreement with the
          Company (and for other good and valuable consideration, the receipt
          and adequacy whereof is hereby acknowledged), the Guarantor hereby
          unconditionally guarantees to the Executive the payment when due of
          all contractual sums payable now or in the future to the Executive
          by the Company under this Agreement or in connection herewith and undertakes
          with the Executive that, if and whenever the Company shall be in default
          in the payment of any sum whatsoever under this Agreement or in connection
    herewith, the Guarantor will on demand pay such sum.  

	 	 
	14.2 	The
        Guarantor hereby unconditionally agrees as a separate, continuing and
        primary obligation to indemnify the Executive on demand should any amount
        due under Clause 14.1 not be recoverable on the basis of a guarantee
    for any reason whatsoever. 
	 	 
	14.3	 The
        Guarantor’s liability under this Agreement shall not be discharged or
        impaired by (i) any unilateral amendment to or variation of this Agreement,
        or (ii) any release of or granting of time or any other indulgence to
        the Company or any third party, or (iii) any other act, event or omission
        which would or might but for this Clause 14 operate to impair or discharge
    the Guarantor’s liability hereunder.
	 	 
	14.4	Without
        prejudice to Clause 14.3 above, any release, compromise or discharge
        of the obligations of the Guarantor under this Agreement shall be deemed
        to be made subject to the condition that it will be void if any payment
        or security which the Executive may receive or have received is set aside
    or proves invalid for whatever reason.
	 	 
	14.5	  Until
          all amounts which may be or become payable by the Company under this
          Agreement or in connection herewith have been irrevocably paid in full,
          the Guarantor shall not by virtue of any payment made by it hereunder
          or otherwise exercise any right of set-off or counterclaim against
          the Company or be subrogated to any rights, security or moneys held,
          received or receivable by the Executive or be entitled to any right
          of contribution in respect of any payment made or moneys received on
    account of the Guarantor’s liability hereunder.  

9

	15.	In
    this Agreement:
	 	 	 	 
	15.1	Unless
        the context otherwise requires the following expressions shall have the
    meanings following:
	 	 	 	 
	15.1.1	 	“Affiliate” shall
        mean an affiliate of the Company, as defined in Rule 12b-2 promulgated
        under Section 12 of the Securities Exchange Act of 1934, as amended from
    time to time (the “Exchange Act”).
	 	 	 	 
	15.1.2	 	“Associated
        Company” includes any firm, company, corporation or other organisation
    :
	 	 	 	 
	 	 	(a)	which is
    directly or indirectly controlled by the Company; or
	 	 	 	 
	 	 	(b)	which directly
    or indirectly controls the Company; or
	 	 	 	 
	 	 	(c)	which is
        directly or indirectly controlled by a third party who also directly
    or indirectly controls the Company; or
	 	 	 	 
	 	 	(d)	of which
        the Company or any other Associated Company owns or has a beneficial
        interest in 20% or more of the issued share capital or 20% or more of
    its capital assets; or
	 	 	 	 
	 	 	(e)	which is
        the successor in title or assign of the firms, companies, corporations
    or other organisations referred to above.
	 	 	 	 
	15.1.3	 	“Beneficial
        Owner” shall have the meaning set forth in Rule 13d-3 under U.S. Securities
    Exchange Act of 1934.
	 	 	 	 
	15.1.4	 	“Board
        of the Company” means the Board of Directors for the time being
    of the Company.
	 	 	 	 
	15.1.5	 	“Board
        of the Guarantor” means the Board of Directors for the time being
    of the Guarantor.
	 	 	 	 
	15.1.6	 	[Reserved]

10

	15.1.7	 	“company” means a body corporate, wherever incorporated.
	 	 	 	 
	15.1.8	 	“Compensation
       Committee” means the Compensation Committee of the Board of the Company.
	 	 	 	 
	15.1.9	 	“Effective
    Time” has the meaning given to such term in the Merger Agreement.
	 	 	 	 
	15.1.10	 	“Good Reason” means:
	 	 	 	 
	 	 	(i)	a change
      in the Executive’s title(s), status, position or responsibilities
      without the Executive’s written consent and in contravention of this
      Agreement, which does not represent a promotion from his existing status,
      position or responsibilities from the Effective Time, despite the Executive’s
      written notice to the Company of his objection to such change and the Company’s
      failure to address such notice in a reasonable fashion within 30 days of
    such notice;
	 	 	 	 
	 	 	(ii)	the assignment
      to the Executive of any duties or responsibilities which are inconsistent
      with his status, position or responsibilities and in contravention of this
      Agreement despite the Executive’s written notice to the Company of
      his objection to such change and the Company’s failure to address
    such notice in a reasonable fashion within 30 days of such notice;
	 	 	 	 
	 	 	(iii)	if there
    is a reduction in the Executive’s base salary;
	 	 	 	 
	 	 	(iv)	a breach
    by the Company of any material term or provision of this Agreement;
	 	 	 	 
	 	 	(v)	the failure
      of the Guarantor, or if the Guarantor adopts a holding company structure,
      the parent company of the Guarantor, to appoint the Executive as Senior
      Vice President of the Company within ten days after the Effective Time,
      or if after such appointment, without the Executive’s written consent,
    there is a change in the Executive’s title,

11

	 	 	 	status,
        position or responsibilities with the Company which does not represent
        a promotion, despite the Executive’s written notice to the Guarantor
        of his objection to such change and the Guarantor’s failure to address
    such notice in a reasonable fashion within 30 days of such notice.
	 	 	 	 
	15.1.11	 	“Merger
        Agreement” means the merger agreement between the Guarantor, Who
    Merger Corp. and Espotting Media Inc. dated the same date as this Agreement;
	 	 	 	 
	15.1.12	 	“Person” shall
        mean any person, company business organisation or other entity except
        that such term shall not include (1) the Company, (2) a trustee or other
        fiduciary holding securities under any employee benefit plan of the Company,
        (3) an underwriter temporarily holding securities pursuant to an offering
        of such securities or (4) a corporation owned, directly or indirectly,
        by the stockholders of the Company in substantially the same proportions
    as their ownership of shares of common stock of the Company.
	 	 	 	 
	15.1.13	 	“subsidiary” means
        a subsidiary (as defined by Section 736 Companies Act 1985) for the time
    being of the Company;
	 	 	 	 
	15.1.14	 	“Termination
        Date” shall mean the date upon which the Executive’s employment
    with the Company terminates.
	 	 	 	 
	16.	Any
        notice to be given hereunder may be served (a) in the case of a notice
        to the Company by first class post addressed to its Registered Office
        for the time being (b) in the case of the Executive, either to him personally
        or by first class post to his last known address or (c) in the case of
        a notice to the Guarantor by post to its principal place of business
        marked for the attention of the CEO. Notices served by post under this
        Agreement shall be deemed served on the second business day after the
        date of posting. For the purposes of this Agreement, "business day" means
        a day on which banks are open for business in the place of both the posting
    and the address of the notice.

12

	17.	The various
      provisions and sub-provisions of this Agreement and Schedule 1 and 2 attached
      hereto are severable and if any provision or sub-provision is held to be
      unenforceable by any court of competent jurisdiction then such unenforceability
      shall not affect the enforceability of the remaining provisions or sub-provisions
      in this Agreement or Schedule 1 and 2.
	 	 
	18.	Any reference
      to a statutory provision shall be deemed to include a reference to any statutory
      modification or re-enactment of the same.
	 	 
	19.	Any amount
      specified in this Agreement as payable to the Executive is subject to deduction
      of tax and national insurance contributions as from time to time required
      by law.
	 	 
	20.	The provisions
      of Schedules 1 and 2 and any additional terms endorsed in writing by or
      on behalf of the parties hereto shall be read and construed as part of this
      Agreement and shall be enforceable accordingly.
	 	 
	21.	The benefit
      of each agreement and obligation of the Executive under Clause 8 and Schedules
      1 and 2 hereto of this Agreement may be assigned to and enforced by all
      successors and assigns of the Company and its Associated Companies and such
      agreements and obligations shall operate and remain binding notwithstanding
      the termination of this Agreement.
	 	 
	22.	This Agreement
      cancels and is in substitution for all previous letters of engagement, agreements
      and arrangements (whether oral or in writing) relating to the subject-matter
      hereof between the Company and the Executive all of which shall be deemed
      to have been terminated by mutual consent from the Effective Time. This
      Agreement constitutes the
      entire terms and conditions of the Executive’s employment and no waiver
      or modification thereof shall be valid unless in writing, signed by the
      parties and only to the extent therein set forth.
	 	 
	23.	This Agreement
      is governed by and construed in accordance with the laws of England. The
      parties hereto submit to the exclusive jurisdiction of the English Courts.
    

13

	SIGNED AND
      DELIVERED AS A DEED	)	 	 	 	 
	by
      ESPOTTING
      MEDIA (UK) LIMITED acting)	 	 	 
	by two duly
      authorised officers: 	)	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	Director	/s/
      Daniel Ishag	 
	 	 	 	 	 	 
	 	 	 	Director/Secretary	/s/ Jonathan
      Bunis	 
	 	 	 	 	 	 
	SIGNED AND
      DELIVERED AS A DEED 	)	 	 	 	 
	by SEBASTIAN
      BISHOP 	)	 	/s/ Sebastian
      Bishop	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	in the presence
      of:- 	 	 	 	 	 
	 	 	 	 	 	 
	Witness:
      	 	Sophie McGrath	 	 	 
	 	 	 	 	 	 
	Signature
      	 	/s/
      Sophie McGrath 	 	 
	 	 	 	 	 	 
	Name 	 	Sophie McGrath	 	 	 
	 	 	 	 	 	 
	Address
      	 	11/98
      Chepstow Rd., Notting Hill, W25QP	 
	 	 	 	 	 	 
	Occupation
      	 	Solicitor	 	 	 
	 	 	 	 	 	 
	SIGNED AND
      DELIVERED AS A DEED	)	 	 	 	 
	by FINDWHAT.COM
      	)	 	 	 	 
	acting by
      two duly authorised officers: 	)	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	/s/ Craig
      H. Pisaris-Henderson	 	Director	 	 	 
	 	 	 	 	 	 
	/s/ Phillip
      R. Thune	 	Director/Secretary	 	 	 

14

 SCHEDULE
  1

	1.	Non-Competition
	 	 
	 	The Executive
      hereby agrees that he shall not (without the consent in writing of the Board
      of the Company) for the Relevant Period in the Prohibited Area and whether
      on his own behalf or in conjunction with or on behalf of any other person,
      firm, company or other organisation, (and whether as an employee, director,
      principal, agent, consultant or in any other capacity whatsoever,) in competition
      with the Company be directly or indirectly (i) employed or engaged in, or
      (ii) perform services in respect of, or (iii) be otherwise concerned with:-
	 	 
	1.1	the research
      into, development, manufacture, supply or marketing of any product which
      is of the same or similar type to any product researched, or developed,
      or manufactured, or supplied, or marketed by the Company during the twelve
      months immediately preceding the Termination Date; 
	 	 
	1.2	the development
      or provision of any services (including but not limited to technical and
      product support, or consultancy or customer services) which are of the same
      or similar type to any services provided by the Company during the twelve
      months immediately preceding the Termination Date;
	 	 
	 	PROVIDED
      ALWAYS that the provisions of this paragraph 1 shall apply only in respect
      of products or services with which the Executive was either personally concerned
      or for which he was responsible whilst employed by the Company during the
      twelve months immediately preceding the Termination Date.
	 	 
	2.	Non-Solicitation
      of Customers
	 	 
	 	The Executive
      hereby agrees that he shall not for the Relevant Period whether on his own
      behalf or in conjunction with or on behalf of any person, company, business
      entity or other organisation (and whether as an employee, director, principal,
      agent, consultant or in any other capacity whatsoever), directly or indirectly
      (i) solicit or, (ii) assist in soliciting, or (iii) accept, or (iv) facilitate
      the acceptance of, or (v) deal with, in competition with the Company, the
      custom or business of any Customer or Prospective Customer :-

	2.1	with whom
        the Executive has had material contact or dealings on behalf of the Company
        during the twelve months immediately preceding the Termination Date;
    or
	 	 
	2.2	for whom
        the Executive was, in a client management capacity on behalf of the Company,
        directly responsible during the twelve months immediately preceding the
    Termination Date.
	 	 
	3.	Non-Solicitation
    of Employees
	 	 
	 	The Executive
        hereby agrees that he will not for the Relevant Period either on his
        own behalf or in conjunction with or on behalf of any other person, company,
        business entity, or other organisation (and whether as an employee, principal,
    agent, consultant or in any other capacity whatsoever), directly or indirectly:-
	 	 
	3.1	(i) induce,
        or (ii) solicit, or (iii) entice or (iv) procure, any person who is a
        Company Employee to leave the employment of the Company or any Associated
    Company employment (as applicable);
	 	 
	3.2	be personally
        involved to a material extent in (i) accepting into employment or (ii)
        otherwise engaging or using the services of, any person who is a Company
    Employee.
	 	 

	4.	Interference
    with Suppliers
	 	 
	 	The Executive
   hereby agrees that he shall not, whether on his own behalf or in conjunction
   with or on behalf of any person, company, business entity or other organisation,
   (and whether as an employee, director, agent, principal, consultant or in
   any other capacity whatsoever), directly or indirectly (i) for the Relevant
   Period and (ii) in
       relation to any contract or arrangement which the Company has with any
       Supplier for the exclusive supply of goods or services to the Company
       and/or to their Associated Company, for the duration of such contract
       or arrangement:

 

	4.1	interfere
    with the supply of goods or services to the Company from any Supplier;
	 	 
	4.2	induce
        any Supplier of goods or services to the Company to cease or decline
    to supply such goods or services in the future.
	 	 
	5.	Return
    of Company Property
	 	 
	 	On termination
        of his employment with the Company the Executive shall forthwith return
        to the Company in accordance with its instructions all equipment, correspondence,
        records, specifications, software, models, notes, reports and other documents
        and any copies thereof and any other property belonging to the Company
        (or any Associated Company) (including but not limited to keys, credit
        cards, equipment and passes) which are in his possession or under his
        control. The Executive shall, if so required by the Company, confirm
    in writing his compliance with his obligations under this paragraph 5.
	 	 
	6.	Holding
    out
	 	 
	 	The Executive
        agrees that he will not at any time after the termination of his employment
        represent himself as still having any connection with the Company or
        any Associated Company, save as a former employee for the purpose of
        communicating with prospective employers or complying with any applicable
    statutory requirements.
	 	 
	7.	Associated
    Companies
	 	 
	7.1	The provisions
        of paragraphs 7.2 and 7.3 below shall only apply in respect of those
        Associated Companies (i) to whom the Executive gave his services, or
        (ii) for whom he was responsible, or (iii) with whom he was otherwise
        concerned, in the twelve months immediately preceding the Termination
    Date.
	 	 
	7.2	Paragraphs
        1, 2, 3, 4 and 8 in this Schedule 1 shall apply as though references
        to each Associated Company were substituted for references to the Company.
        The obligations undertaken by the Executive pursuant to this Schedule
    1 shall, with respect
        to each Associated Company, constitute a separate and distinct covenant
        and the invalidity or unenforceability of any such covenant shall not
        affect the validity or enforceability of the covenants in favour of the
    Company or any other Associated Company.

 

	7.3	In relation
        to each Associated Company referred to in paragraphs 7.1 and 7.2 above,
        the Company contracts as trustees and agent for the benefit of each such
        Associated Company. The Executive agrees that, if required to do so by
        the Company, he will enter into covenants in the same terms as those
        set out in paragraphs 1, 2, 3, 4 and 8 hereof directly with all or any
        of such Associated Companies, mutatis mutandis. If the Executive fails,
        within 7 days of receiving such a request from the Company, to sign the
        necessary documents to give effect to the foregoing, the Company shall
        be entitled, and are hereby irrevocably and unconditionally authorised
        by the Executive, to execute all such documents as are required to give
    effect to the foregoing, on his behalf.
	 	 
	8.	Definitions
	 	 
	 	For the
        purposes of this Schedule 1, the following words and cognate expressions
    shall have the meanings set out below:
	 	 
	8.1	“Associated
        Company”, “Board of the Company”, and “Company” shall have the meanings
        set out in the Agreement attached hereto, and shall include their successors
    in title and assigns (as applicable).
	 	 
	8.2	“Company
    Employee” means any person who was employed by (i) the Company or (ii) any
    Associated Company, for at least 3 months prior to and on the Termination
    Date and
	 	 	 
	8.2.1	 	with whom
        the Executive had material contact or dealings in performing his duties
    of his employment; and

 

	8.2.2	 	 
      who had material contact with customers or suppliers of the Company in performing
      his or her duties of employment for the Company or any Associated Company
      (as applicable); or  
	 	 	 	 
	8.2.3	 	 
      who was a member of the middle or senior management team of the Company
      or any Associated Company (as applicable); or  
	 	 	 	 
	8.3	 "Customer"
      shall mean any person, firm, company or other organisation whatsoever to
      whom the Company has supplied goods or services.  
	 	 	 	 
	8.4
      	"Prohibited
      Area" means: 
	 	 	 	 
	8.4.1	 	the
      United Kingdom; 
	 	 	 	 
	8.4.2	 	any
      other country in the world where, on the Termination Date, the Company develops,
      sells, supplies, manufactures or researches its products or services or
      where the Company is intending within 3 months following the Termination
      Date to develop, sell, supply or manufacture its products or services and
      in respect of which the Executive has been responsible (whether alone or
      jointly with others), concerned or active on behalf of the Company during
      any part of the twelve months immediately preceding the Termination Date.
       
	 	 	 	 
	8.5	 "Prospective
      Customer" shall mean any person, firm, company or other organisation with
      whom the Company has had any negotiations or material discussions regarding
      the possible supply of goods or services by the Company.  
	 	 	 	 
	8.6	The
      "Relevant Period" shall mean: 
	 	 	 	 
	8.6.1	 	in
      relation to paragraph 1 the lesser of:- 
	 	 	 	 
	8.6.1.1
      	 	 	the six
      months immediately following the Termination Date; 
	 	 	 	 

	8.6.1.2	 	 	the period
      specified in sub-para 8.6.1.1 above less
      the number of days on which the Executive has been required by the Company
      (pursuant to Clause 12.9.1) both not to attend at work and not to perform
      any duties of employment. 
	 	 	 	 
	8.6.2	 	in
      relation to paragraphs 2, 3 and 4 the lesser of:- 
	 	 	 	 
	8.6.2.1	 	 	the twelve
      months immediately following the Termination Date; 
	 	 	 	 
	8.6.2.2	 	 	the period
      specified in sub-para 8.6.2.1 above less
      the number of days on which the Executive has been required by the Company
      (pursuant to Clause 12.9.1) both not to attend at work and not to perform
      any duties of employment.
	 	 	 	 
	8.7	"Supplier"
      means any person, company, business entity or other organisation whatsoever
      who: 
	 	 	 	 
	8.7.1	 	has
        supplied goods or services to the Company during any part of the twelve
        months immediately preceding the Termination Date; or 

	 	 	 	 
	8.7.2	 	has
      agreed prior to the Termination Date to supply goods or services to the
      Company to commence at any time in the twelve months following the Termination
      Date; or 
	 	 	 	 
	8.7.3	 	as
      at the Termination Date, supplies goods or services to the Company under
      an exclusive contract or arrangement between that Supplier and the Company.
      
	 	 	 	 
	8.8	 	"Termination
      Date" shall have the meaning set out in Clause 15.1.14 of the Agreement.
      

 SCHEDULE
  2 

	1. 	All records,
      documents, papers (including copies and summaries thereof), works and any
      other intellectual property and related rights (“Works”) made
      or acquired by the Executive in the course of his employment with the Company
      shall, together with all the worldwide right, title and interest in all
      the Works, be and at all times remain the absolute property of the Company. 
      
	 	 
	2.

        	The Executive
      hereby irrevocably and unconditionally waives all rights granted by Chapter
      IV of Part I of the Copyright, Designs and Patents Act 1988 that vest in
      him (whether before, on or after the date hereof) in connection with him
      authorship of any copyright works in the course of his employment with the
      Company, wherever in the world enforceable, including without limitation
      the right to be identified as the author of any such works and the right
      not to have any such works subjected to derogatory treatment. 
      
	 	 
	3. 	The Company
      and the Executive acknowledge and accept the provisions of Sections 39 to
      42 of the Patents Act 1977 ("the Act") relating to the ownership of employees’
      inventions and the compensation of employees for certain inventions respectively
	 	 
	4.

        	The Executive
      acknowledges and agrees that, by virtue of the nature of his duties and
      the responsibilities arising, he has a special obligation to further the
      interests of the Company within the meaning of Section 39(1)(b) of the Act. 
	 	 
	5. 	Any invention,
      development, process, plan, design, formula, specification, programme or
      any other matter or work whatsoever, including but not limited to any applications
      to protect such matter or works (collectively "the Inventions") made, developed
      or discovered by the Executive, either alone or in concert, during the course
      of the Executive’s duties of employment for the Company shall forthwith
      be disclosed to the Company and, subject to Section 39 of the Act, shall
      belong to and be the absolute property of the Company. 

	6.	The
      Executive shall at the request and cost of the Company (and notwithstanding
      the termination of his employment) sign and execute all such documents and
      do all such acts as the Company may reasonably require:
	 	 	 
	6.1.1	 	 to absolutely
      vest the full right, title and interest in and to the Works hereby assigned
      in the Company;  
	 	 	 
	6.1.2	 	 to apply
      for and obtain in the sole names of the Company alone (unless the Company
      shall otherwise direct) patent, registered design, or other protection of
      any nature whatsoever in respect of the Inventions and/or Works in any country
      throughout the world and, when so obtained or vested, to renew and maintain
      the same (“Registered Rights”);  
	 	 	 
	6.1.3 
       	 	 to resist
      any objection or opposition to obtaining, and any petitions or applications
      for revocation of, any Registered Rights; 
	 	 	 
	6.1.4 
       	 	 to bring
      any proceedings for infringement of any Registered Rights; and  
	 	 	 
	6.1.5 
       	 	 otherwise
      to give effect to the assignments, waivers and licences contemplated under
      this paragraph 6.  
	 	 	 
	6.2 	The
      Company shall decide, in its sole discretion, when and whether to apply
      for patent, registered design or other protection in respect of the Inventions
      and reserves the right to work any of the Inventions as a secret process
      in which event the Executive shall observe the obligations relating to confidential
      information which are contained in Clause 8 of this Agreement.  
	 	 	 
	6.3 	 For
      the purposes of this Schedule, to the extent that they are not defined herein,
      all definitions shall have the meanings set out in the Agreement attached
      hereto.

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