Document:

EX-10.44

 

Conformed Copy

Exhibit 10.44

FOURTH AMENDMENT TO INTERACTIVE SERVICES AGREEMENT

     This Fourth Amendment to Interactive Services Agreement (this “Fourth Amendment”), dated as of
June 21, 2005 (the “Fourth Amendment Effective Date”) is made by and between WebMD Corporation, a
Delaware corporation, with offices at 669 River Drive, River Drive Center 11, Elmwood Park, New
Jersey 07407 (“WebMD”), and America Online, Inc. (“AOL”), a Delaware corporation with offices at
22000 AOL Way, Dulles, VA 20166, (each a “Party” and together, the “Parties”). Capitalized terms
not otherwise defined in this Fourth Amendment shall be as defined in the Interactive Services
Agreement by and between the Parties, dated as of May 9, 2001, as amended (the “Agreement”). The
Parties desire to amend the Agreement as set forth herein.

TERMS

	1.	 	Renewal Term. The Parties acknowledge and agree that, unless earlier terminated
pursuant to the terms of the Agreement, the Renewal Term shall expire at 11:59 p.m. Eastern
time on April 30, 2007. The Parties acknowledge and agree that the first year of the Renewal
Term shall be from May 9, 2004 through and including April 30, 2005, the second year of the
Renewal Term shall be from May 1, 2005 through and including April 30, 2006, and the third
year of the Renewal Term shall be from May 1, 2006 through and including April 30, 2007 (each,
a “Renewal Term Year”).
	 
	2.	 	Revenue Sharing. Notwithstanding the provisions of Section 6.2.2, the Parties
acknowledge and agree that during the Renewal Term, the Parties shall share revenues as
follows:

	 	(a)	 	The Parties shall share Aggregate Revenues (defined in Section 5.2.1). The term
“Adjusted Aggregate Revenues” and the last sentence of Section 6.2.2 shall no longer apply.
	 
	 	(b)	 	The first fifteen million dollars ($15,000,000) of Aggregate Revenues generated during
each Renewal Term Year will be shared twenty percent (20%) to AOL and eighty percent (80%)
to WebMD. AOL shall retain one hundred percent (100%) of Aggregate Revenues from
$15,000,001 to $20,000,000 generated during each Renewal Term Year. Aggregate Revenues of
more than twenty million dollars ($20,000,000) generated during each Renewal Term Year
shall be shared forty percent (40%) to AOL and sixty percent (60%) to WebMD.
	 
	 	(c)	 	Notwithstanding the foregoing Section 2(b), WebMD shall be paid a minimum of twelve
million dollars ($12,000,000) by AOL with respect to each Renewal Term Year. In the event
that with respect to a Renewal Term Year, WebMD’s share of Aggregate Revenues for such
Renewal Term Year, together with any additional share of health-related revenues on the AOL
Network paid to WebMD by AOL as the Parties may mutually agree for such Renewal Term Year
(hereinafter referred to as “WebMD’s Additional Share of Revenues”), do not equal at least twelve million dollars
($12,000,000), AOL will pay to WebMD the difference between (i) twelve million dollars
($12,000,000) and (ii) WebMD’s share of Aggregate Revenues for

	 	 

 

 

	 	 	 	“WebMD’s Additional Share of Revenues”), do not equal at least twelve million dollars
($12,000,000), AOL will pay to WebMD the difference between (i) twelve million dollars
($12,000,000) and (ii) WebMD’s share of Aggregate Revenues for such Renewal Term Year
plus WebMD’s Additional Share of Revenues, if any, for such Renewal Term Year. Such
difference shall be paid by AOL no later than the June 30 date immediately following the
end of such Renewal Term Year.

	3.	 	First Renewal Term Year Revenue Share. The Parties acknowledge and agree that for the
first Renewal Term Year, the Parties have shared revenue as shown on Schedule 1 attached
hereto. WebMD hereby certifies that Schedule 1 includes all Aggregate Revenues (defined in
Section 5.2.1) accrued during the first Renewal Term Year.
	 
	4.	 	Reporting. The Parties shall provide in a timely manner all reporting necessary,
pursuant to Section 5.2.2 of the Agreement, to ensure that AOL can provide a final report for
each Renewal Term Year no later than May 15 of such year. WebMD shall provide a certification
with its reporting at the end of each Renewal Term year certifying that such reporting
includes all Aggregate Revenues for such Renewal Term Year.
	 
	5.	 	Order of Precedence. This Fourth Amendment is supplementary to and modifies the
Agreement. The terms of this Fourth Amendment supersede provisions in the Agreement only to
the extent that the terms of this Fourth Amendment and the Agreement expressly conflict.
However, nothing in this Fourth Amendment should be interpreted as invalidating the Agreement,
and provisions of the Agreement will continue to govern relations between the parties insofar
as they do not expressly conflict with this Fourth Amendment.
	 
	6.	 	Counterparts; Facsimile. This Fourth Amendment may be executed in counterparts, each
of which shall be deemed an original and all of which together shall constitute one and the
same document. This Fourth Amendment, and amendments and modifications hereof, may be executed
by facsimile.

          IN WITNESS WHEREOF, authorized officers of the Parties have executed this Fourth Amendment as
of the date first set forth above.

	 	 	 
	AMERICA ONLINE, INC.

	 	WEBMD CORPORATION
	 
	 	 
	By: /s/ Jeff Barkeff

	 	By: /s/ David Schlanger
	

	 	

	 
	 	 
	Print Name: Jeff Barkeff

	 	Print Name: David Schlanger
	

	 	

	Title:
Executive Vice President

	 	Title: Executive Vice President
	

	 	

	 
	 	 
	Date: 6/23/05

	 	Date: 6/23/05
	

	 	

 

Schedule 1

	 	 	 	 	 	 	 	 	 	 	 
	 	 	Revenue	 	WebMD	 	 	 	 	 	 
	 	 	Share	 	Revenue	 	 	 	 	 	 
	 	 	Payment	 	Share	 	 	 	 	 	 
	 	 	from AOL	 	Retained	 	Total	 	Guarantee	 	Delta
	May-04 (1)
	 	72,472	1	229,076	 	301,547	 	1,000,000	 	698,453
	Jun-04
	 	75,253	 	396,076	 	471,329	 	1,000,000	 	528,671
	Jul-04
	 	76,474	 	430,895	 	507,369	 	1,000,000	 	492,631
	Aug-04
	 	52,582	 	435,569	 	488,151	 	1,000,000	 	511,849
	Sep-04
	 	42,438	 	416,837	 	459,275	 	1,000,000	 	540,725
	Oct-04
	 	63,593	 	455,597	 	519,190	 	1,000,000	 	480,810
	Nov-04
	 	79,014	 	459,590	 	538,604	 	1,000,000	 	461,396
	Dec-04
	 	64,535	 	612,366	 	676,901	 	1,000,000	 	323,099
	Jan-05
	 	108,008	 	484,471	 	592,479	 	1,000,000	 	407,521
	Feb-05
	 	62,946	 	512,655	 	575,601	 	1,000,000	 	424,399
	Mar-05
	 	77,782	 	520,574	 	598,356	 	1,000,000	 	401,644
	Apr-05
	 	30,943	 	435,356	 	466,299	 	1,000,000	 	533,701
	 	 	 	 	 
	 
	 	806,040	 	5,389,063	 	6,195,102	 	12,000,000	 	5,804,898
	 	 	 	 	 

	(1)	 	Contract effective May 9, 2004; accordingly,
represents pro-rata share for May-04 23/31 days<PAGE>

                                                                     EXHIBIT 4.1

THE TRANSFER OF THESE SHARES MAY BE SUBJECT TO RESTRICTION UNDER THE
CORPORATION'S ARTICLES OF INCORPORATION, AS AMENDED. CONTACT THE CORPORATION FOR
A COPY OF THE TRANSFER RESTRICTION.

1001            Incorporated under the laws of the State of Michigan

                            MUSLIM MEDIA NETWORK, INC.

                             TOTAL AUTHORIZED ISSUE                  [ILLEGIBLE]
                                 1,500,00 Shares
                                  COMMON STOCK

THIS IS TO CERTIFY THAT ________________________________________ IS THE OWNER OF

_____________________________________________________________ fully paid and

non-assessable shares of the above Corporation transferables only on the books
of the Corporation by the holders thereof in person or by a duly authorized
Attorney upon surrender of the Certificate properly endorsed.

WITNESS, the seal of the Corporation and the signatures of its duly authorized
officers.

Dated<PAGE>

                                  EXHIBIT 10.3

                                 PROMISSORY NOTE

                                                               LIVONIA, MICHIGAN
$25,000.00                                                          JULY 5, 2005

FOR VALUE RECEIVED, the undersigned, Muslim Media Network, Inc., a Michigan
corporation ("MAKER"), whose address is 29004 West Eight Mile Road, Farmington,
Michigan, 48336, hereby promises and agrees to pay to the order of A.S. NAKADAR,
M.D., ("Holder"), whose address is 3707 Durham Court, Bloomfield Hills,
Michigan, , the principal sum of TWENTY-FIVE THOUSAND DOLLARS ($25,000),
together with interest thereon at the rate of SEVEN AND 25/100 PERCENT (7.25%)
per annum on the unpaid balance.

All accrued and unpaid interest and all principal balance shall be due no later
than July 5, 2006.

Payment shall be due and payable at holder's address shown above. Payment shall
be delivered to Holder at address shown above, or shall be made as otherwise
directed by Holder in writing. Maker may prepay this Note at any time with no
prepayment penalty or premium.

Maker hereby waives presentment, demand, notice of dishonor, protest, notice of
protest and non-payment, and further waives all exemptions to which the Maker
may now or hereafter be entitled under the laws of this state or any other state
of the United States and further agrees that the holder shall have the right to
grant the Maker any extension of time for payment without in any way affecting
the liability of the Maker and the rights the holder may have hereunder. Failure
of the holder to exercise any rights or remedies shall not constitute a waiver
of such right to exercise the same at that or any other time.

In addition to payment of principal and interest, Maker promises and agrees to
pay the Holder reasonable attorney's fees, court costs, and all other costs and
expenses incurred in collecting or attempting to collect this Note if Maker is
in default.

The unpaid balance of this Note, together with all interest accrued thereon
shall become immediately due and payable upon the occurrence of any of the
following events (and "in the event of default"):

      1. At the option of Holder, if Maker shall fail to pay any payment
hereunder and such failure shall continue for a period of five (5) days after
the date such payment was due;

      2. Immediately, and without any further action by Holder if Maker shall:
(a) become insolvent, (b) make an assignment for the benefit of creditors, (c)
commence any

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<PAGE>

procedure under any bankruptcy, reorganization, or liquidation law of any
jurisdiction, or (d) sell, transfer or otherwise dispose of substantially all of
its assets.

This Note is made and delivered in the State of Michigan and shall be governed
by and construed in accordance with the laws of the State of Michigan.

                                             MAKER:
                                             MUSLIM MEDIA NETWORK, INC.

                                             /s/ A. S. Nakadar
                                             --------------------------------
                                             By: A. S. NAKADAR, M.D.
                                             Its: President

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