Document:

exv10w9

 

Exhibit 10.9

Portions herein identified by [***] have been omitted pursuant to a request for confidential
treatment under Rule 406 of the Securities Act of 1933, as amended. A complete copy of this
document has been filed separately with the Securities and Exchange Commission.

TRAFFIC REPORT SUPPLY AGREEMENT

BETWEEN:

THE AUSTRALIAN TRAFFIC NETWORK PTY LIMITED ABN 53078993736

(“ATN”) AND

AUSTEREO PTY LIMITED ABN 85 007 914 641 (“Austereo”)

INTRODUCTION

	A.	 	Austereo is the licensee of the radio broadcasting stations known as 2Day FM and Triple M in
Sydney, Fox FM and Triple M in Melbourne, B105 and Triple M in Brisbane, SA FM and Triple M in
Adelaide and Mix 94.5 and 92.9 in Perth.
	 
	B.	 	Austereo has requested that ATN provide Traffic Reports and Tags for use on the Stations, and
ATN has agreed to provide the Traffic Reports with Tags.
	 
	C.	 	ATN has agreed to produce and broadcast the Traffic Reports and Tags in accordance with the
terms of this agreement.

1. DEFINITIONS AND INTERPRETATION

1.1 DEFINITIONS

In this agreement:

Austereo means the licensee of the Stations that are party to this agreement.

BSA means the Broadcasting Services Act 1992 (Cth)

Commencement date means 1 July 2006.

CRA Codes means the Commercial Radio Australia Codes of Practice and any Commercial Radio
Standards endorsed or applied (as the case may be) by the Australian Communications and
Media Authority pursuant to the BSA.

Fee means $[***] in monthly instalments of $[***], which is consideration for the Tags,
airtime and potential conflicts.

Force Majeure means acts of God, fire, unavoidable accident, acts of war, (declared or
undeclared) laws, rules, regulations and orders of any Government or Government Agency,
emergency broadcast or other broadcast requirements under CRA Codes or as a result of
government requirements, strikes, walkouts, lockouts and other disturbances, delays in
transportation, floods, storms and other natural disturbances, the failure or destruction
of any technical equipment, weather or flying conditions, and other matters beyond the
control of, or not reasonably foreseeable to the party concerned (other than the ability of
the party for whatever reason, to pay money it is obliged to pay), whether or not similar
to those enumerated.

 

 

Notice includes all notices, consents, requests, waivers, demands or other communications
by a party to another party permitted or required by this agreement;

Tag means an ten (10) second tags read live by an ATN reporter at the end of each Traffic
Report or otherwise supplied in pre-recorded form, and which complies in content and style
with the standard Austereo policy for allowable Tags or credit lines permitted to other
sponsors on the Stations.

Term means two years from the Commencement Date.

Traffic Report means a report on road traffic conditions for the Station area, together
with a Tag.

Stations mean the following radio stations that are controlled or operated by Austereo:

2Day FM and Triple M (Sydney)

Fox FM and Triple M (Melbourne)

B105 and Triple M (Brisbane)

SA FM and Triple M (Adelaide)

Mix94.5 and 92.9 FM (Perth)

1.2 INTERPRETATION

In this agreement including the recitals unless the contrary intention appears;

	 	(a)	 	words denoting the singular include the plural and vice versa;
	 
	 	(b)	 	a reference to any one of an individual, corporation, partnership, joint
venture, association, authority, trust or government, includes (as the context
requires) any other of them;
	 
	 	(c)	 	a reference to a party is a reference to a party to this agreement and
includes that party’s executors, administrators, successors and permitted assigns; and
	 
	 	(d)	 	related body corporate has the meaning ascribed by section 50 of the
Corporation Law.

2. BROADCAST OF REPORTS AND COMMERCIAL ANNOUNCEMENTS

	2.1	 	ATN agrees to provide to Austereo, at ATN’s expense, and Austereo agrees to broadcast on
Stations from the Commencement Date (subject to clause 2.2) and for the Term:

	 	(a)	 	a minimum number of Traffic Reports per day;
	 
	 	(b)	 	Monday to Sunday inclusive;
	 
	 	(c)	 	fifty two weeks per annum,

as described in Schedule A attached and in accordance with specifications in Schedule B
attached and at other times or for special events as agreed between the parties from time
to time except Christmas Day.

	2.2	 	In addition to the times listed on Schedule A, ATN will, during the Term, forward any
significant traffic information to Austereo, if and when it should become available.

	2.3	 	Austereo reserves the right for its Stations to edit the Tags should the Tags not meet
Austereo programming guidelines as described on Schedule C. Any editing will be done with the
prior knowledge and cooperation of the advertiser and ATN.

	2.4	 	Immediately after each Traffic Report provided by ATN, Austereo must broadcast on the Station
a Tag that will be provided live to Austereo by ATN as part of the Traffic Report. If,

 

 

by agreement with Austereo a Tag is not read live by ATN, or if Austereo prefers to play a
recorded Tag, then the Austereo must themselves broadcast the recorded Tag immediately
after the Traffic Report. All payments received for the Tag will be for the benefit of
ATN.

	2.5	 	Notwithstanding anything to the contrary contained in this agreement, Austereo is not obliged
to broadcast any Traffic Report which is, in the reasonable opinion of Austereo:

	 	(a)	 	unreliable;
	 
	 	(b)	 	not of broadcast quality; or
	 
	 	(c)	 	in breach of the BSA, the CRA Codes or is otherwise contrary to law.

	2.6	 	ATN warrants to and agrees with Austereo that no Traffic Report provided by it to Austereo
will contain any matter which is in breach of BSA, the CRA Codes or which is otherwise
contrary to law or in breach of the proprietary or other rights of any person.

	2.7	 	All Traffic Reports will be broadcast from ATN aircraft, ATN premises, or other place of
broadcast, via appropriate communication technology as shall be mutually agreed from time to
time. All costs associated with ATN providing the Traffic Reports will be the sole
responsibility of ATN.
	 
	2.8	 	ATN will ensure that for the Term:

	 	(a)	 	the Traffic Reports are of a consistently high quality, containing
relevant and timely information so as to be of maximum benefit to the audience of
the Stations; and
	 
	 	(b)	 	the persons engaged by ATN at its expense for the purpose of
presentation of the Traffic Reports are persons who are approved by Austereo as
being suitable for broadcasting to the audience of Stations.

3. CLEARANCE OF REPORTS AND COMMERCIALS

	3.1	 	Austereo agrees to carry on all Stations, the Traffic Reports in accordance with Schedule A,
or as otherwise mutually agreed in writing from time to time by the parties. Any additions,
deletions, or changes to Schedule A must be mutually approved at least thirty days in advance
of any anticipated change.

	3.2	 	Nothing in this agreement will affect the right of ATN to provide to other radio or
television stations the same Traffic Reports or Traffic Reports containing the same or similar
information as those provided to Austereo for its Stations.

	3.3	 	In addition to Traffic Reports, ATN will supply, at the request of Austereo, reports for
special promotional events, sporting events, beach reports or weekend reports. These reports
will also carry a Tag at the conclusion of each report, and the reports will be scheduled and
agreed upon at least 30 days in advance. Emergency and disaster reports will be provided to
Austereo without a Tag.

	3.4	 	In the event of a recorded or delayed broadcast of a Traffic Report, Austereo agrees to
broadcast Traffic Reports within five minutes of the times listed on Schedule A.

	3.5	 	In the event of a delayed or recorded broadcast, Austereo must verify to ATN that the Traffic
Reports were broadcast. If ATN so requests, within 5 weeks of the allocated broadcast date
for the requested Traffic Report, Austereo must provide written verification of the times that
the Traffic Reports were broadcast as required under this agreement and in the absence of
obvious and material error, such written verification will be conclusive evidence that the
Traffic Reports were broadcast under this agreement.

 

 

4. FAILURE TO BROADCAST

Neither ATN nor Austereo will incur any liability under this agreement because of any
failure to provide or failure to broadcast any Traffic Reports due to Force Majeure.

5. NON-DISCLOSURE OF INFORMATION, COPYRIGHT AND CREDITS

	5.1	 	Austereo acknowledges that ATN owns copyright in all Traffic Reports provided by ATN.

	5.2	 	ATN acknowledges that, subject to clause 3.2, Austereo owns the copyright in its broadcast of
the Traffic Reports on Stations.

	5.3	 	Austereo acknowledges that ATN will be entitled to provide to other radio stations, Traffic
Reports which are substantially identical in content to the Traffic Reports provided to
Austereo under this agreement, but it is agreed that the voicing or personality used for
Station’s Traffic Reports may not be used by any station considered by Austereo in its sole
discretion, to be competitive with any Austereo Stations without the prior consent of
Austereo.

	5.4	 	ATN licenses Austereo to broadcast on the Stations, Traffic Reports provided to Austereo by
ATN and to make a taped copy of that Traffic Report solely for the purpose of making a delayed
broadcast on Stations as permitted pursuant to clause 3.5 and to edit the Traffic Report
(provided that the Tag is incorporated in full) for such delayed broadcast. Austereo have no
other rights in the Traffic Reports provided by ATN and, without limiting generality, must not
without the prior written consent of ATN broadcast the Traffic Reports on any other Stations
owned or operated by Austereo or any of their related bodies corporate nor provide copies or
purport to authorise any other Austereo station to re-broadcast such Traffic Reports.

	5.5	 	Austereo must not, without the prior written consent of ATN, provide (other than by broadcast
required pursuant to this agreement) or sell to any other entity broadcasting in any market,
the information or any part of the information contained in the Traffic Reports provided by
ATN.

6. ASSIGNMENT AND MODIFICATIONS

	 	6.1.	 	This agreement cannot be assigned by either party except to its related
bodies corporate.
	 
	 	6.2.	 	This agreement represents the entire understanding between the parties. No
waiver, alteration, or modification of any provision hereof shall be binding unless in
writing and signed by authorised agents or employees of both parties to this
agreement.

7. TERM AND TERMINATION

	 	7.1.	 	This agreement shall commence on the Commencement Date and shall continue for
the Term.
	 
	 	7.2.	 	Austereo have the option to terminate this agreement immediately by written
notice to ATN in the event that ATN fails to generate the Traffic Reports required
under this agreement for a period of more than [two] consecutive days, Monday through
Friday, unless the reports were not generated by reason of Force Majeure.
	 
	 	7.3.	 	Either party may terminate this agreement at any time on [thirty (30)] days
notice in writing if the other party commits any material breach of any term of this
agreement which (in the case of a breach being capable of being remedied) has not been
remedied within fourteen days of a written request from the other party to remedy
same.

 

 

	 	7.4.	 	Either party may terminate this agreement at any time by forty eight hours
notice in writing in the event of a persistent breach (not being one of a trivial
nature) or of a serious breach of the provisions of this agreement by the other party
that has not been cured within 48 hours of written notice.
	 
	 	7.5.	 	Either party may terminate this agreement immediately by giving written
notice to the other party if that other party becomes insolvent or has a receiver or a
manager appointed to all or a substantial part of its assets, or undertaking, or goes
into liquidation.

8. ATN EMPLOYEES

Austereo acknowledges that all employees of ATN are engaged under written or verbal
contracts with ATN and Austereo may not attempt to solicit employees of ATN without the
written consent of ATN during the course of this agreement, or the course of any extensions
of this agreement, and for a period of six months after the termination of the agreement.

9. ENFORCEMENT AND INDEMNITY

	 	9.1	 	Austereo recognises that the Traffic Reports are subject to copyright, and
that unauthorised use of such Traffic Reports may be the subject of injunctive relief,
as well as a claim in damages.
	 
	 	9.2	 	Austereo indemnifies and must keep indemnified ATN against all liabilities,
damages, losses, (excluding indirect and consequential losses) costs and expenses
suffered, paid or incurred by ATN (including legal fees on a party-party basis) as a
result of or in connection with a breach by Austereo of this agreement or any wilful
or negligent act or default by Austereo.
	 
	 	9.3	 	ATN indemnifies and must keep indemnified Austereo against all liabilities,
damages, losses, (excluding indirect and consequential losses) costs and expenses
suffered, paid or incurred by Austereo (including legal fees on a party-party basis)
as a result of or in connection with a breach by ATN of this agreement or any wilful
or negligent act or default by ATN.
	 
	 	9.4	 	ATN indemnifies and must keep indemnified Austereo against all liabilities,
damages, losses, (excluding indirect and consequential losses) costs and expenses
suffered, paid or incurred by Austereo (including legal fees on a party-party basis)
arising out of the content and/or broadcast of the Traffic Reports referred to in
clause 2.1.

10. GENERAL

	 	10.1	 	This agreement shall be governed by and shall be construed in accordance with
the laws of New South Wales and the parties submit to the non-exclusive jurisdiction
of the courts exercising jurisdiction in New South Wales and all to that of all courts
competent to hear appeals in respect of all proceedings arising in connection with
this agreement.
	 
	 	10.2	 	Nothing in this agreement will constitute a partnership or joint venture
between ATN and Austereo.
	 
	 	10.3	 	Any notice, statement or other written communication to be given pursuant to
this agreement (A Notice) will be deemed to be duly given if it is given in the manner
set out in paragraph 15.

11. CONFIDENTIALITY

Both parties agree that all details of this agreement remain totally confidential and will
not be disclosed except as required by law or order of right of a competent authority.
Nothing

 

 

in this clause will prevent a party from disclosing the terms of the agreement to a
professional advisor for the purpose of taking advice.

12. AIRCRAFT

Except for periods of inclement weather, maintenance, or other conditions that prevent
flying, ATN agrees that the Traffic Reports will be compiled by ATN using aerial or
elevated observations by use of aircraft (whether helicopter or fixed wing) in each of the
broadcast areas of the Stations during the term of this agreement.

13. FEE

	13.1	 	ATN agrees to pay to Austereo the Fee, and the allocation of the Fee between the Austereo
Stations is solely at the discretion of Austereo. {Why change, it makes pro-ration difficult
if they don’t run spots?}

	13.2	 	Austereo will provide a suitable invoice at the conclusion of each month setting out the
details of the Fee payable, which ATN will pay within forty five (45) days of receipt.

14. SALES PROTECTION

	14.1	 	Austereo understands that ATN will sell advertising Tags for the Traffic Reports. ATN will
be allowed to approach any advertiser in any Market, not listed on Schedule B, to negotiate
Tags of Traffic Reports. However, if Austereo reasonably believes that the ATN approach to
any advertiser currently not advertising on ATN will result in a material decrease in the
amount of advertising purchased from the Station by the advertiser, Austereo will notify ATN
in writing and ATN will discontinue negotiations with such advertiser until such time as
Austereo’s negotiations with the same client are concluded. Austereo may not be unreasonable
in withholding its consent for ATN to approach any advertisers.

	14.2	 	ATN will provide the sales offices in each Station market with weekly client activity
reports. These activity reports will list all advertising proposals to be made by ATN during
the period of the report, and a list of all briefs or correspondence received by ATN from
agencies.

	14.3	 	ATN may not submit proposals for advertising contracts to be run on Austereo stations for
those advertisers listed on Schedule B. ATN may however submit proposals to the advertisers
listed on Schedule B if the advertising is to be aired on non-Austereo stations. Existing
clients of ATN at the time of this agreement will not be included on Schedule B.

	14.4.	 	Austereo is not required to broadcast Tags naming or promoting sponsors or products where
such promotion or association would diminish the reputation of Austereo or Austereo or its
Stations with its target audience, the financial market or clients or is otherwise
controversial in a manner which might detrimentally impact the business or brand image of
Austereo and/ or the brands of its Stations.

15. NOTICES

	15.1	 	A notice must be in writing and delivered on a Business Day, sent by pre-paid mail (airmail
if overseas) or by facsimile to the address or facsimile number of the recipient party set out
in paragraph three, or to such other address or facsimile number as that party may from time
to time notify the other parties for the purposes of this schedule.

	15.2	 	For the purposes of this agreement, the address and facsimile details of each party are as
follows:

ATN

Suite 3902,

100 Miller Street

North Sydney NSW 2060

Telephone: 02 9955 3500

 

 

Facsimile: 02 9955 9301

Person to contact: William L. Yde III

AUSTEREO/STATIONS

Austereo Group Limited

Level 14, 50 Goulburn Street

Sydney NSW 2000

Telephone: 02 9375 1041

Attention: Michael Anderson

EXECUTED as an agreement

	 	 	 	 	 
	SIGNED for and on behalf of THE

	 	) 
	 	 
	AUSTRALIAN TRAFFIC NETWORK

	 	) 	 	 
	PTY LIMITED by one of its directors in

	 	) 	 	 
	In the presence of:

	 	) 	 	 
	 
	 	 	 	 
	/s/ Justin Kelly

	 	/s/ William Pezzimenti	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Witness

	 	Director	 	 
	 
	 	 	 	 
	Justin Kelley

	 	William Pezzimenti	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Name (printed)

	 	Name (printed)	 	 
	 
	 	 	 	 
	SIGNED for and on behalf of:

	 	) 	 	 
	AUSTEREO PTY LIMITED by its

	 	) 	 	 
	authorised officer in the

	 	) 	 	 
	presence of:

	 	) 	 	 
	 
	 	 	 	 
	/s/ Patrick Joyce

	 	/s/ Michael Anderson	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Witness

	 	Authorised officer	 	 
	 
	 	 	 	 
	Patrick Joyce

	 	Michael Anderson	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Name (printed)

	 	Name (printed)	 	 

 

 

SCHEDULE A

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	2Day FM	 	 	 	 	 	2MMM
	Mon-Fri

	 	 	 	 	 	 	Mon-Fri	 	 	 	 	 
	        500

	 	 	 	 	 	 	500	 	 	 	 	 
	        530

	 	 	 	 	 	 	530	 	 	 	 	 
	        600

	 	 	þ	 	 	 	600	 	 	 	þ	 
	        615

	 	 	þ	 	 	 	615	 	 	 	þ	 
	        630

	 	 	þ	 	 	 	630	 	 	 	þ	 
	        645

	 	 	þ	 	 	 	645	 	 	 	þ	 
	        700

	 	 	þ	 	 	 	700	 	 	 	þ	 
	        715

	 	 	þ	 	 	 	715	 	 	 	þ	 
	        730

	 	 	þ	 	 	 	730	 	 	 	þ	 
	        745

	 	 	þ	 	 	 	745	 	 	 	þ	 
	        800

	 	 	þ	 	 	 	800	 	 	 	þ	 
	        815

	 	 	þ	 	 	 	815	 	 	 	þ	 
	        830

	 	 	þ	 	 	 	830	 	 	 	þ	 
	        845

	 	 	þ	 	 	 	845	 	 	 	þ	 
	        900

	 	 	 	 	 	 	900	 	 	 	 	 
	      1000

	 	 	 	 	 	 	1000	 	 	 	 	 
	      1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	      1200

	 	 	 	 	 	 	1200	 	 	 	 	 
	      1300

	 	 	 	 	 	 	1300	 	 	 	 	 
	      1400

	 	 	 	 	 	 	1400	 	 	 	 	 
	      1500

	 	 	 	 	 	 	1500	 	 	 	þ	 
	      1515

	 	 	 	 	 	 	1515	 	 	 	 	 
	      1520

	 	 	 	 	 	 	1520	 	 	 	 	 
	      1530

	 	 	 	 	 	 	1530	 	 	 	 	 
	      1540

	 	 	 	 	 	 	1540	 	 	 	 	 
	      1545

	 	 	 	 	 	 	1545	 	 	 	 	 
	      1600

	 	 	þ	 	 	 	1600	 	 	 	þ	 
	      1615

	 	 	þ	 	 	 	1615	 	 	 	þ	 
	      1620

	 	 	 	 	 	 	1620	 	 	 	 	 
	      1630

	 	 	 	 	 	 	1630	 	 	 	 	 
	      1640

	 	 	þ/35	 	 	 	1640	 	 	 	 	 
	      1645

	 	 	þ/55	 	 	 	1645	 	 	 	þ	 
	      1700

	 	 	þ	 	 	 	1700	 	 	 	 	 
	      1715

	 	 	þ	 	 	 	1715	 	 	 	þ	 
	      1720

	 	 	 	 	 	 	1720	 	 	 	 	 
	      1730

	 	 	 	 	 	 	1730	 	 	 	þ	 
	      1740

	 	 	þ/35	 	 	 	1740	 	 	 	 	 
	      1745

	 	 	 	 	 	 	1745	 	 	 	þ	 
	      1800

	 	 	þ	 	 	 	1800	 	 	 	þ	 
	      1815

	 	 	 	 	 	 	1815	 	 	 	 	 
	      1820

	 	 	 	 	 	 	1820	 	 	 	 	 
	      1830

	 	 	 	 	 	 	1830	 	 	 	 	 
	      1840

	 	 	 	 	 	 	1840	 	 	 	 	 
	      1845

	 	 	 	 	 	 	1845	 	 	 	 	 
	      1900

	 	 	 	 	 	 	1900	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	20	 	 	 	 	 	 	 	20	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	W’ENDS

	 	 	 	 	 	
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	  600

	 	 	 	 	 	 	600	 	 	 	þ	 
	  630

	 	 	 	 	 	 	630	 	 	 	þ	 
	  700

	 	 	þ/þ	 	 	 	700	 	 	 	þ	 
	  730

	 	 	þ/þ	 	 	 	730	 	 	 	þ	 
	  800

	 	 	þ/þ	 	 	 	800	 	 	 	þ	 
	  830

	 	 	þ/þ	 	 	 	830	 	 	 	þ	 
	  900

	 	 	þ/þ	 	 	 	900	 	 	 	 	 
	1000

	 	 	þ/þ	 	 	 	1000	 	 	 	 	 
	1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	1200

	 	 	 	 	 	 	1200	 	 	 	þ	 
	1300

	 	 	 	 	 	 	1300	 	 	 	þ	 
	1400

	 	 	 	 	 	 	1400	 	 	 	þ	 
	1500

	 	 	 	 	 	 	1500	 	 	 	þ	 
	1600

	 	 	 	 	 	 	1600	 	 	 	þ	 
	1700

	 	 	 	 	 	 	1700	 	 	 	þ	 
	1800

	 	 	 	 	 	 	1800	 	 	 	þ	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	12	 	 	 	 	 	 	 	13	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	32	 	 	 	 	 	 	 	33	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Fox FM	 	 	 	 	 	3MMM
	Mon-Fri

	 	 	 	 	 	 	Mon-Fri	 	 	 	 	 
	        500

	 	 	 	 	 	 	500	 	 	 	 	 
	        530

	 	 	 	 	 	 	530	 	 	 	 	 
	        600

	 	 	þ	 	 	 	600	 	 	 	þ	 
	        615

	 	 	þ	 	 	 	615	 	 	 	þ	 
	        630

	 	 	þ	 	 	 	630	 	 	 	þ	 
	        645

	 	 	þ	 	 	 	645	 	 	 	þ	 
	        700

	 	 	þ	 	 	 	700	 	 	 	þ	 
	        715

	 	 	þ	 	 	 	715	 	 	 	þ	 
	        730

	 	 	þ	 	 	 	730	 	 	 	þ	 
	        745

	 	 	þ	 	 	 	745	 	 	 	þ	 
	        800

	 	 	þ	 	 	 	800	 	 	 	þ	 
	        815

	 	 	þ	 	 	 	815	 	 	 	þ	 
	        830

	 	 	þ	 	 	 	830	 	 	 	þ	 
	        845

	 	 	þ	 	 	 	845	 	 	 	þ	 
	        900

	 	 	 	 	 	 	900	 	 	 	 	 
	      1000

	 	 	 	 	 	 	1000	 	 	 	 	 
	      1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	      1200

	 	 	 	 	 	 	1200	 	 	 	 	 
	      1300

	 	 	 	 	 	 	1300	 	 	 	 	 
	      1400

	 	 	 	 	 	 	1400	 	 	 	 	 
	      1500

	 	 	 	 	 	 	1500	 	 	 	þ	 
	      1515

	 	 	 	 	 	 	1515	 	 	 	 	 
	      1520

	 	 	 	 	 	 	1520	 	 	 	 	 
	      1530

	 	 	 	 	 	 	1530	 	 	 	 	 
	      1540

	 	 	 	 	 	 	1540	 	 	 	 	 
	      1545

	 	 	 	 	 	 	1545	 	 	 	 	 
	      1600

	 	 	þ	 	 	 	1600	 	 	 	þ	 
	      1615

	 	 	þ	 	 	 	1615	 	 	 	þ	 
	      1620

	 	 	 	 	 	 	1620	 	 	 	 	 
	      1630

	 	 	 	 	 	 	1630	 	 	 	 	 
	      1640

	 	 	þ/35	 	 	 	1640	 	 	 	 	 
	      1645

	 	 	þ/55	 	 	 	1645	 	 	 	þ	 
	      1700

	 	 	þ	 	 	 	1700	 	 	 	 	 
	      1715

	 	 	þ	 	 	 	1715	 	 	 	þ	 
	      1720

	 	 	 	 	 	 	1720	 	 	 	 	 
	      1730

	 	 	 	 	 	 	1730	 	 	 	þ	 
	      1740

	 	 	þ/35	 	 	 	1740	 	 	 	 	 
	      1745

	 	 	 	 	 	 	1745	 	 	 	þ	 
	      1800

	 	 	þ	 	 	 	1800	 	 	 	þ	 
	      1815

	 	 	 	 	 	 	1815	 	 	 	 	 
	      1820

	 	 	 	 	 	 	1820	 	 	 	 	 
	      1830

	 	 	 	 	 	 	1830	 	 	 	 	 
	      1840

	 	 	 	 	 	 	1840	 	 	 	 	 
	      1845

	 	 	 	 	 	 	1845	 	 	 	 	 
	      1900

	 	 	 	 	 	 	1900	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	20	 	 	 	 	 	 	 	20	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	W’ENDS

	 	 	 	 	 	W’ENDS
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	  600

	 	 	 	 	 	 	600	 	 	 	þ	 
	  630

	 	 	 	 	 	 	630	 	 	 	þ	 
	  700

	 	 	þ/þ	 	 	 	700	 	 	 	þ	 
	  730

	 	 	þ/þ	 	 	 	730	 	 	 	þ	 
	  800

	 	 	þ/þ	 	 	 	800	 	 	 	þ	 
	  830

	 	 	þ/þ	 	 	 	830	 	 	 	þ	 
	  900

	 	 	þ/þ	 	 	 	900	 	 	 	 	 
	1000

	 	 	þ/þ	 	 	 	1000	 	 	 	 	 
	1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	1200

	 	 	 	 	 	 	1200	 	 	 	þ	 
	1300

	 	 	 	 	 	 	1300	 	 	 	þ	 
	1400

	 	 	 	 	 	 	1400	 	 	 	þ	 
	1500

	 	 	 	 	 	 	1500	 	 	 	þ	 
	1600

	 	 	 	 	 	 	1600	 	 	 	þ	 
	1700

	 	 	 	 	 	 	1700	 	 	 	þ	 
	1800

	 	 	 	 	 	 	1800	 	 	 	þ	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	12	 	 	 	 	 	 	 	13	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	32	 	 	 	 	 	 	 	33	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	B105	 	 	 	 	 	4MMM
	Mon-Fri

	 	 	 	 	 	 	Mon-Fri
	 	 	 	 
	        500

	 	 	 	 	 	 	500	 	 	 	 	 
	        530

	 	 	 	 	 	 	530	 	 	 	 	 
	        600

	 	 	þ	 	 	 	600	 	 	 	þ	 
	        615

	 	 	þ	 	 	 	615	 	 	 	þ	 
	        630

	 	 	þ	 	 	 	630	 	 	 	þ	 
	        645

	 	 	þ	 	 	 	645	 	 	 	þ	 
	        700

	 	 	þ	 	 	 	700	 	 	 	þ	 
	        715

	 	 	þ	 	 	 	715	 	 	 	þ	 
	        730

	 	 	þ	 	 	 	730	 	 	 	þ	 
	        745

	 	 	þ	 	 	 	745	 	 	 	þ	 
	        800

	 	 	þ	 	 	 	800	 	 	 	þ	 
	        815

	 	 	þ	 	 	 	815	 	 	 	þ	 
	        830

	 	 	þ	 	 	 	830	 	 	 	þ	 
	        845

	 	 	þ	 	 	 	845	 	 	 	þ	 
	        900

	 	 	 	 	 	 	900	 	 	 	 	 
	      1000

	 	 	 	 	 	 	1000	 	 	 	 	 
	      1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	      1200

	 	 	 	 	 	 	1200	 	 	 	 	 
	      1300

	 	 	 	 	 	 	1300	 	 	 	 	 
	      1400

	 	 	 	 	 	 	1400	 	 	 	 	 
	      1500

	 	 	 	 	 	 	1500	 	 	 	þ	 
	      1515

	 	 	 	 	 	 	1515	 	 	 	 	 
	      1520

	 	 	 	 	 	 	1520	 	 	 	 	 
	      1530

	 	 	 	 	 	 	1530	 	 	 	 	 
	      1540

	 	 	 	 	 	 	1540	 	 	 	 	 
	      1545

	 	 	 	 	 	 	1545	 	 	 	 	 
	      1600

	 	 	þ	 	 	 	1600	 	 	 	þ	 
	      1615

	 	 	þ	 	 	 	1615	 	 	 	þ	 
	      1620

	 	 	 	 	 	 	1620	 	 	 	 	 
	      1630

	 	 	 	 	 	 	1630	 	 	 	 	 
	      1640

	 	 	þ/35	 	 	 	1640	 	 	 	 	 
	      1645

	 	 	þ/55	 	 	 	1645	 	 	 	þ	 
	      1700

	 	 	þ	 	 	 	1700	 	 	 	 	 
	      1715

	 	 	þ	 	 	 	1715	 	 	 	þ	 
	      1720

	 	 	 	 	 	 	1720	 	 	 	 	 
	      1730

	 	 	 	 	 	 	1730	 	 	 	þ	 
	      1740

	 	 	þ/35	 	 	 	1740	 	 	 	 	 
	      1745

	 	 	 	 	 	 	1745	 	 	 	þ	 
	      1800

	 	 	þ	 	 	 	1800	 	 	 	þ	 
	      1815

	 	 	 	 	 	 	1815	 	 	 	 	 
	      1820

	 	 	 	 	 	 	1820	 	 	 	 	 
	      1830

	 	 	 	 	 	 	1830	 	 	 	 	 
	      1840

	 	 	 	 	 	 	1840	 	 	 	 	 
	      1845

	 	 	 	 	 	 	1845	 	 	 	 	 
	      1900

	 	 	 	 	 	 	1900	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	20	 	 	 	 	 	 	 	20	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	W’ENDS

	 	 	 	 	 	W’ENDS
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	  600

	 	 	 	 	 	 	600	 	 	 	þ	 
	  630

	 	 	 	 	 	 	630	 	 	 	þ	 
	  700

	 	 	þ/þ	 	 	 	700	 	 	 	þ	 
	  730

	 	 	þ/þ	 	 	 	730	 	 	 	þ	 
	  800

	 	 	þ/þ	 	 	 	800	 	 	 	þ	 
	  830

	 	 	þ/þ	 	 	 	830	 	 	 	þ	 
	  900

	 	 	þ/þ	 	 	 	900	 	 	 	 	 
	1000

	 	 	þ/þ	 	 	 	1000	 	 	 	 	 
	1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	1200

	 	 	 	 	 	 	1200	 	 	 	þ	 
	1300

	 	 	 	 	 	 	1300	 	 	 	þ	 
	1400

	 	 	 	 	 	 	1400	 	 	 	þ	 
	1500

	 	 	 	 	 	 	1500	 	 	 	þ	 
	1600

	 	 	 	 	 	 	1600	 	 	 	þ	 
	1700

	 	 	 	 	 	 	1700	 	 	 	þ	 
	1800

	 	 	 	 	 	 	1800	 	 	 	þ	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	12	 	 	 	 	 	 	 	13	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	32	 	 	 	 	 	 	 	33	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	SAFM	 	 	 	 	 	5MMM
	Mon-Fri

	 	 	 	 	 	 	Mon-Fri	 	 	 	 	 
	        500

	 	 	 	 	 	 	500	 	 	 	 	 
	        530

	 	 	 	 	 	 	530	 	 	 	 	 
	        600

	 	 	þ	 	 	 	600	 	 	 	þ	 
	        615

	 	 	þ	 	 	 	615	 	 	 	þ	 
	        630

	 	 	þ	 	 	 	630	 	 	 	þ	 
	        645

	 	 	þ	 	 	 	645	 	 	 	þ	 
	        700

	 	 	þ	 	 	 	700	 	 	 	þ	 
	        715

	 	 	þ	 	 	 	715	 	 	 	þ	 
	        730

	 	 	þ	 	 	 	730	 	 	 	þ	 
	        745

	 	 	þ	 	 	 	745	 	 	 	þ	 
	        800

	 	 	þ	 	 	 	800	 	 	 	þ	 
	        815

	 	 	þ	 	 	 	815	 	 	 	þ	 
	        830

	 	 	þ	 	 	 	830	 	 	 	þ	 
	        845

	 	 	þ	 	 	 	845	 	 	 	þ	 
	        900

	 	 	 	 	 	 	900	 	 	 	 	 
	      1000

	 	 	 	 	 	 	1000	 	 	 	 	 
	      1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	      1200

	 	 	 	 	 	 	1200	 	 	 	 	 
	      1300

	 	 	 	 	 	 	1300	 	 	 	 	 
	      1400

	 	 	 	 	 	 	1400	 	 	 	 	 
	      1500

	 	 	 	 	 	 	1500	 	 	 	 	 
	      1515

	 	 	 	 	 	 	1515	 	 	 	 	 
	      1520

	 	 	 	 	 	 	1520	 	 	 	 	 
	      1530

	 	 	 	 	 	 	1530	 	 	 	 	 
	      1540

	 	 	 	 	 	 	1540	 	 	 	 	 
	      1545

	 	 	 	 	 	 	1545	 	 	 	 	 
	      1600

	 	 	þ	 	 	 	1600	 	 	 	þ	 
	      1615

	 	 	þ	 	 	 	1615	 	 	 	þ	 
	      1620

	 	 	 	 	 	 	1620	 	 	 	 	 
	      1630

	 	 	 	 	 	 	1630	 	 	 	 	 
	      1640

	 	 	þ/35	 	 	 	1640	 	 	 	 	 
	      1645

	 	 	 	 	 	 	1645	 	 	 	þ	 
	      1700

	 	 	þ	 	 	 	1700	 	 	 	þ	 
	      1715

	 	 	þ	 	 	 	1715	 	 	 	þ	 
	      1720

	 	 	 	 	 	 	1720	 	 	 	 	 
	      1730

	 	 	 	 	 	 	1730	 	 	 	þ	 
	      1740

	 	 	þ/35	 	 	 	1740	 	 	 	 	 
	      1745

	 	 	 	 	 	 	1745	 	 	 	þ	 
	      1800

	 	 	þ	 	 	 	1800	 	 	 	þ	 
	      1815

	 	 	 	 	 	 	1815	 	 	 	 	 
	      1820

	 	 	 	 	 	 	1820	 	 	 	þ	 
	      1830

	 	 	 	 	 	 	1830	 	 	 	 	 
	      1840

	 	 	 	 	 	 	1840	 	 	 	 	 
	      1845

	 	 	 	 	 	 	1845	 	 	 	 	 
	      1900

	 	 	 	 	 	 	1900	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	19	 	 	 	 	 	 	 	21	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	W’ENDS

	 	 	 	 	 	W’ENDS
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	  600

	 	 	 	 	 	 	600	 	 	 	þ	 
	  630

	 	 	 	 	 	 	630	 	 	 	þ	 
	  700

	 	 	þ/þ	 	 	 	700	 	 	 	þ	 
	  730

	 	 	þ/þ	 	 	 	730	 	 	 	þ	 
	  800

	 	 	þ/þ	 	 	 	800	 	 	 	þ	 
	  830

	 	 	þ/þ	 	 	 	830	 	 	 	þ	 
	  900

	 	 	þ/þ	 	 	 	900	 	 	 	 	 
	1000

	 	 	þ/þ	 	 	 	1000	 	 	 	 	 
	1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	1200

	 	 	 	 	 	 	1200	 	 	 	þ	 
	1300

	 	 	 	 	 	 	1300	 	 	 	þ	 
	1400

	 	 	 	 	 	 	1400	 	 	 	þ	 
	1500

	 	 	 	 	 	 	1500	 	 	 	þ	 
	1600

	 	 	 	 	 	 	1600	 	 	 	þ	 
	1700

	 	 	 	 	 	 	1700	 	 	 	þ	 
	1800

	 	 	 	 	 	 	1800	 	 	 	þ	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	12	 	 	 	 	 	 	 	13	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	31	 	 	 	 	 	 	 	34	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	92.9FM	 	 	 	 	 	94.5FM
	Mon-Fri

	 	 	 	 	 	 	Mon-Fri	 	 	 	 	 
	        500

	 	 	 	 	 	 	500	 	 	 	 	 
	        530

	 	 	 	 	 	 	530	 	 	 	 	 
	        600

	 	 	þ	 	 	 	600	 	 	 	 	 
	        615

	 	 	þ	 	 	 	615	 	 	 	 	 
	        630

	 	 	þ	 	 	 	630	 	 	 	 	 
	        645

	 	 	þ	 	 	 	645	 	 	 	þ 655	 
	        700

	 	 	þ	 	 	 	700	 	 	 	 	 
	        715

	 	 	þ	 	 	 	715	 	 	 	þ 655	 
	        730

	 	 	þ	 	 	 	730	 	 	 	 	 
	        745

	 	 	þ	 	 	 	745	 	 	 	þ 655	 
	        800

	 	 	þ	 	 	 	800	 	 	 	 	 
	        815

	 	 	þ	 	 	 	815	 	 	 	þ 655	 
	        830

	 	 	þ	 	 	 	830	 	 	 	 	 
	        845

	 	 	þ	 	 	 	845	 	 	 	 	 
	        900

	 	 	 	 	 	 	900	 	 	 	 	 
	      1000

	 	 	 	 	 	 	1000	 	 	 	 	 
	      1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	      1200

	 	 	 	 	 	 	1200	 	 	 	 	 
	      1300

	 	 	 	 	 	 	1300	 	 	 	 	 
	      1400

	 	 	 	 	 	 	1400	 	 	 	 	 
	      1500

	 	 	 	 	 	 	1500	 	 	 	 	 
	      1515

	 	 	 	 	 	 	1515	 	 	 	 	 
	      1520

	 	 	 	 	 	 	1520	 	 	 	 	 
	      1530

	 	 	 	 	 	 	1530	 	 	 	 	 
	      1540

	 	 	 	 	 	 	1540	 	 	 	 	 
	      1545

	 	 	 	 	 	 	1545	 	 	 	 	 
	      1600

	 	 	þ	 	 	 	1600	 	 	 	þ	 
	      1615

	 	 	þ	 	 	 	1615	 	 	 	 	 
	      1620

	 	 	 	 	 	 	1620	 	 	 	 	 
	      1630

	 	 	 	 	 	 	1630	 	 	 	þ	 
	      1640

	 	 	þ/35	 	 	 	1640	 	 	 	 	 
	      1645

	 	 	þ/55	 	 	 	1645	 	 	 	 	 
	      1700

	 	 	þ	 	 	 	1700	 	 	 	þ	 
	      1715

	 	 	þ	 	 	 	1715	 	 	 	 	 
	      1720

	 	 	 	 	 	 	1720	 	 	 	 	 
	      1730

	 	 	 	 	 	 	1730	 	 	 	þ	 
	      1740

	 	 	þ/35	 	 	 	1740	 	 	 	 	 
	      1745

	 	 	 	 	 	 	1745	 	 	 	 	 
	      1800

	 	 	þ	 	 	 	1800	 	 	 	þ	 
	      1815

	 	 	 	 	 	 	1815	 	 	 	 	 
	      1820

	 	 	 	 	 	 	1820	 	 	 	 	 
	      1830

	 	 	 	 	 	 	1830	 	 	 	 	 
	      1840

	 	 	 	 	 	 	1840	 	 	 	 	 
	      1845

	 	 	 	 	 	 	1845	 	 	 	 	 
	      1900

	 	 	 	 	 	 	1900	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	20	 	 	 	 	 	 	 	9	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	W’ENDS

	 	 	 	 	 	W’ENDS
	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	  600

	 	 	 	 	 	 	600	 	 	 	 	 
	  630

	 	 	 	 	 	 	630	 	 	 	 	 
	  700

	 	 	þ/þ	 	 	 	700	 	 	 	 	 
	  730

	 	 	þ/þ	 	 	 	730	 	 	 	 	 
	  800

	 	 	þ/þ	 	 	 	800	 	 	 	 	 
	  830

	 	 	þ/þ	 	 	 	830	 	 	 	 	 
	  900

	 	 	þ/þ	 	 	 	900	 	 	 	 	 
	1000

	 	 	þ/þ	 	 	 	1000	 	 	 	 	 
	1100

	 	 	 	 	 	 	1100	 	 	 	 	 
	1200

	 	 	 	 	 	 	1200	 	 	 	 	 
	1300

	 	 	 	 	 	 	1300	 	 	 	 	 
	1400

	 	 	 	 	 	 	1400	 	 	 	 	 
	1500

	 	 	 	 	 	 	1500	 	 	 	 	 
	1600

	 	 	 	 	 	 	1600	 	 	 	 	 
	1700

	 	 	 	 	 	 	1700	 	 	 	 	 
	1800

	 	 	 	 	 	 	1800	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	12	 	 	 	 	 	 	 	0	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	29	 	 	 	 	 	 	 	9	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 

 

 

SCHEDULE B

EXCLUDED CLIENTS [To be inserted after consultation with Austereo Sales and ATN Sales]

 

 

SCHEDULE C

PROGRAMMING GUIDELINES

Tags shall be 10 seconds in duration and shall be subject to the same requirements as imposed on
all other Austereo advertising clients from time to time.

The Tags must not be offensive and will not be in breach of the BSA, the CRA Codes and will not be
contrary to any law.

The Tags must not contain music beds of any nature.

 

 

Amendment #1

TRAFFIC REPORT SUPPLY AGREEMENT

BETWEEN:

THE AUSTRALIAN TRAFFIC NETWORK PTY LIMITED ABN 53078993736

(“ATN”) AND

AUSTEREO PTY LIMITED ABN 85 007 914 641 (“Austereo”)

The definition of “Tag” shall be replaced in its entirety by the following:

Tag means an ten second tags read live by an ATN reporter at the end of each Traffic Report or
otherwise supplied in pre-recorded form, and which complies in content and style with the standard
Austereo policy for allowable Tags or credit lines permitted to other sponsors on the Stations.

The definition of “Fee” shall be replaced in its entirety by the following:

Fee means $[***] in monthly installments of $[***], which is consideration for the Tags, airtime
and potential conflicts.

The following definition is to be added:

Production Fee means $[***] in monthly installments of $[***], which is consideration for the
reimbursement of certain costs Austereo incurs in gathering, providing, and reporting traffic
conditions.

All other terms and conditions shall remain in full force and effect. The effective date of this
amendment is July 1, 2006.

Remainder
of page left intentionally blank

 

 

EXECUTED as an agreement

	 	 	 	 	 
	SIGNED for and on behalf of THE

	 	) 
	 	 
	AUSTRALIAN TRAFFIC NETWORK

	 	) 	 	 
	PTY LIMITED by one of its directors in

	 	) 	 	 
	In the presence of:

	 	) 	 	 
	 
	 	 	 	 
	/s/ Patrick Quinlan

	 	/s/ William Pezzimenti	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Witness

	 	Director	 	 
	 
	 	 	 	 
	Patrick Quinlan

	 	William Pezzimenti	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Name (printed)

	 	Name (printed)	 	 
	 
	 	 	 	 
	SIGNED for and on behalf of:

	 	) 	 	 
	AUSTEREO PTY LIMITED by its

	 	) 	 	 
	authorised officer in the

	 	) 	 	 
	presence of:

	 	) 	 	 
	 
	 	 	 	 
	/s/ Patrick Joyce

	 	/s/ Michael Anderson	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Witness

	 	Authorised officer	 	 
	 
	 	 	 	 
	Patrick Joyce

	 	Michael Anderson	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Name (printed)

	 	Name (printed)EX-10.127(C) AMENDMENT TO EMPLOYMENT AGREEMENT

 

EXHIBIT 10.127(c)

FIRST AMENDMENT TO EMPLOYMENT AGREEMENT

     THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (hereinafter the “Amendment”) is entered into by
and among Web.com, Inc. (“the Company”), and Jeffrey M. Stibel (“Executive”) and amends the
Employment Agreement (defined below).

BACKGROUND

     Executive and Company are parties to an Employment Agreement, dated August 11, 2005
(“Employment Agreement”). Executive and Company desire to amend the Employment Agreement to change
the applicable provisions with respect to Severance Benefits as provided herein.

     NOW, THEREFORE, in consideration of this recital, the mutual agreements contained herein and
other good and valuable consideration, the receipt, adequacy and sufficiency of which is hereby
acknowledged, the parties to this Agreement hereby agree, promise and covenant as follows:

     1. Amendment. Exhibit 1 to the Employment Agreement is deleted in its entirety and
replaced with Exhibit 1 hereto.

     2. No Other Amendment. Except as expressly provided in this Amendment, the Employment
Agreement remains in full force and effect.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement.

	 	 	 	 	 
	 

	 	EXECUTIVE:	 	 
	 
	 	 	 	 
	 

	 	/s/ Jeffrey M. Stibel
 

Jeffrey M. Stibel
	 	 
	 

	 	Date: June 26, 2007	 	 
	 
	 	 	 	 
	 

	 	WEB.COM, INC.	 	 
	 
	 	 	 	 
	 

	 	/s/ Gonzalo Troncoso
 

By: Gonzalo Troncoso
	 	 
	 

	 	Its: Chief Financial Officer	 	 
	 

	 	Date: June 26, 2007	 	 

 

 

Exhibit 1

	 	 	 
	Executive:

	 	Jeffrey M. Stibel
	 
	 	 
	Title:

	 	Chief Executive Officer
	 
	 	 
	Base Salary:

	 	$275,000.
	 
	 	 
	Bonus:

	 	$100,000; such bonus will be in addition to any annual
bonus to which Executive is entitled as part of
Company’s annual equity incentive plan for executives.

Severance Benefits:

1. With respect to a termination of employment pursuant to Section 5.2 of
the Agreement (by Company for Nonperformance Due to Disability) or Section
5.4 of the Agreement (Death of Executive) the “Severance Benefits” shall
be $350,000.

2. With respect to a termination of employment pursuant to Section 5.3
that is not within twelve (12) months following either a Change in Control
or a Corporate Transaction, the “Severance Benefits” shall be an amount
equal to (a) 150% of Executive’s then current Base Salary, plus (b) 150%
of Executive’s full annual bonus potential.

3. With respect to a termination of employment pursuant to Section 5.3
that is within twelve (12) months following either a Change in Control or
a Corporate Transaction, the “Severance Benefits” shall be an amount equal
to (a) 150% of Executive’s then current Base Salary, plus (b) 150% of
Executive’s full annual bonus potential.

In addition, in connection with any termination of Executive pursuant to Sections 5.2, 5.3, or 5.4
the Company shall permit Executive and, if applicable, Executive’s family members, to continue to
participate in Company’s employee benefits plans for a period of 12 months from the effective date
of termination.

	 	 	 
	Address:

	 	c/o Web.com, Inc.
	 

	 	303 Peachtree Center Ave.
	 

	 	Suite 500
	 

	 	Atlanta, GA 30303

-2-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]