Document:

mmyt-ex433_1249.htm

Exhibit 4.33

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

ADDENDUM TO THE SUBSCRIBER AGREEMENT

 

This Addendum (‘Addendum’) is made at Gurgaon dated 3rd August, 2017, by and between InterGlobe Technology Quotient Private Limited, a company incorporated under the under the Companies Act 1956, having its corporate office at Echelon Building, 4th Floor, Plot Number – 49, Sector 32, Gurgaon - 122001 (hereinafter referred to as “ITQ”) and Ibibo Group Private Limited, a company incorporated under the Companies Act 1956, having its registered office at UG-7, (Front Side) TDI Mall, Rajouri Garden, New Delhi - 110027 (hereinafter referred to as “Subscriber”). 

 

ITQ and Subscriber are collectively referred to as the “Parties”.

 

Whereas the Parties entered into the “Subscriber Agreement” dated 3rd August, 2017 (“Original Agreement”).

 

The Parties have previously entered into the Original Agreement and have now agreed to enter into this Addendum to amend the Original Agreement. Except as set forth in this Addendum, the Original Agreement is unaffected and shall continue in full force and effect in accordance with its terms. If there is a conflict between this Addendum and Original Agreement, the terms of this Addendum shall prevail. 

 

Accordingly, in consideration of the mutual agreements contained in this Addendum, the Parties agree as follows:

 

	
1.
	
The Productivity Incentives for Indigo Airlines for a Contract Year during the Term of this Agreement shall be calculated as per the following applicable rate:

 

 

Page 1 of 3

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

Table A

 

	
Sr. No.
	
Segment Production
	
Incentives rate per Segment (USD) on the basis of Share of Wallet in a Contract Year

	
XXXX
	
XXXX
	
XXXX

	
i. 
	
XXXX
	
XXXX
	
XXXX
	
XXXX

	
2.
	
The Productivity Incentives for XXXX shall be calculated by multiplying the Incentive with (i) All Segments excluding Indigo Segments which are generated by the Subscriber on the Galileo System where such Segments are equal to/less than XXXX Segments or (ii) XXXX Segments generated by the Subscriber on the Galileo System where the Segments excluding XXXX Segments is greater than such Segments. The Parties may refer to the illustration below for the purpose of understanding clause 3:

 

	
Total Segments generated by Subscriber on Galileo 
	
Segments on International/ UK/9W/AI
	
Segments on XXXX
	
Payment on XXXX Segments

	
XXXX
	
XXXX
	
XXXX
	
XXXX

	
XXXX
	
XXXX
	
XXXX
	
XXXX

	
XXXX
	
XXXX
	
XXXX
	
XXXX

 

	
3.
	
Notwithstanding anything to the contrary contained in the Original Agreement in case of content not being made available on parity basis from XXXX on the Galileo System, for purposes of ITQ’s liability to pay Productivity Incentive on XXXX Bookings to the Subscriber under the Original Agreement, it will be deemed as if the bookings made by the Subscriber have been made on the Galileo System. 

	
4.
	
This Addendum will be effective from 1st August, 2017.

 

{Signature Block on next page}

Page 2 of 3

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

IN WITNESS WHEREOF THE PARTIES HERETO HAVE EXECUTED THIS ADDENDUM ON THE DATE AND YEAR FIRST HERE IN ABOVE WRITTEN.

 

	
InterGlobe Technology Quotient  Private Limited
	
 
	
For Ibibo Group Private Limited

	

	
 
	

	
Authorized Signatory
	
 
	
Authorized Signatory

 

Page 3 of 3mmyt-ex434_353.htm

Exhibit 4.34

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

Side Letter to the 

Global Agreement

(New Commercial Terms for Q2, Q3 and Q4 2017)

 

This Side Letter (“Side Letter”) is made on 1 April 2017 (“Effective Date”) with reference to the Global Agreement (“Agreement”), and is effective between:

Amadeus IT Group, S.A., a Spanish company with principal offices at C/Salvador de Madariaga 1, 28027 Madrid, Spain, (“Amadeus”) - and -

 

ibibo Group Pvt Ltd, an Indian company with principal offices at F-130, G.F, Street No. 7, Pandav Nagar, Delhi-110091  (“Customer”) (Collectively, the “Parties”)

 

WHEREAS, the Parties have executed the Agreement, effective from 1 April 2013;

 

WHEREAS, the Parties wish to amend certain provisions of the Agreement in this Side Letter;

 

NOW THEREFORE, the Parties agree as follows:

 

	
1.
	
Side Letters to the Agreement

During the Term, the terms of Exhibits 1, 2, 3 and 5 to this Side Letter will apply and shall replace Exhibits 1, 2, 3 and 5 to the Agreement (and any prior amendments thereto) in their entirety during such period.

 

	
2.
	
Term and Termination

This Side Letter shall be effective from the Effective Date until 31 December 2017. This Side Letter shall automatically terminate upon the termination or expiration of the Agreement for any reason.

 

	
3.
	
Confidentiality

The terms and conditions of this Side Letter constitute confidential information and will be treated by the Parties as confidential information in accordance with the terms and conditions of the Agreement.

 

	
4.
	
General

	
4.1
	
All capitalized terms undefined herein shall have the meanings ascribed to them in the Agreement.

 

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

	
4.2
	
Except as expressly modified by this Side Letter, all other terms and conditions of the Agreement shall remain in full force and effect. In the event of any conflict or inconsistencies between the Agreement and this Side Letter, the provisions of this Side Letter shall prevail to the extent of such conflict or inconsistencies.

	
4.3
	
Section 3 of this Side Letter (Confidentiality) shall survive the expiration or termination of this Side Letter.

 

IN WITNESS WHEREOF, the Parties hereto have executed this Side Letter to take effect on the date herein above written.

 

	
Amadeus IT Group, S.A.
	
 
	
ibibo Group Pvt Ltd

	

	
 
	

	
By: Luigi Battista

 

Title: Head of commercial operation online

 

Date: 19 February 2018 | 11:35:48 CET
	
 
	
By: Sanjay Bhasin

 

Title: COO

 

Date: 19 February 2018 | 11:33:24 CET

 

 

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 1

Territories, Customer Offices and Office IDs 

 

The Agreement is valid only for the Territories and Customer Offices listed below, unless otherwise agreed by the Parties in an amendment hereto. 

 

	
Territory
	
Customer Office Name
	
Customer Office  Location
	
Office ID

	
India
	
IBIBO GROUP PVT LTD
	
BOM
	
BOMVS35SC

	
India
	
IBIBO GROUP PVT LTD
	
BOM
	
BOMVS35SD

	
India
	
IBIBO GROUP PVT LTD
	
BOM
	
BOMI228IM

	
India
	
IBIBO GROUP PVT LTD
	
BOM
	
BOMI228HF

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 2

Commercials

 

	
1.
	
Booking Incentive.  Amadeus shall pay Customer an incentive per Eligible Booking (the “Booking Incentive”) as follows:

 

Table 1.1

 

	
XXXX
	
XXXX
	
XXXX
	
All Other Eligible Bookings*

	
XXXX
	
XXXX
	
XXXX
	
XXXX

 

	
 
	
* 
	
Applies to Domestic and International Eligible Bookings, subject to exceptions listed in Exhibit 5

 

	
 
	
(a)
	
“Domestic” means an Air Booking on a city pair where the departure city and arrival city are both in the same country.

	
 
	
(b)
	
“International” means an Air Booking that is not a Domestic Booking.

 

	
2.
	
Strategic Partner Status. Amadeus shall pay the Customer an amount of XXXX (“Product Fund”) subject to the following terms:

	
 
	
2.1
	
The Product Fund shall be utilized solely to offset charges for Amadeus products and services.

	
 
	
2.2
	
The Product Fund may not be utilized for third-party products or for new products developed and customized by Amadeus specifically for Customer. 

	
 
	
2.3
	
In no event shall the Product Fund be paid out in cash, nor will unused portions of the Product Fund earned in a Year roll over subsequent Years.

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 3

Products and Services

 

Amadeus and/or the applicable Amadeus ACO will provide Customer Offices with the following products and services at the following charges which are exclusive of taxes which will be added, if applicable.  Products and services not listed below will be charged, if ordered, at then prevailing rates or as otherwise agreed.  Products and services not listed below will be charged, if ordered, at then prevailing rates or as agreed between the Parties.  The below charges will be invoiced by Amadeus centrally, and Amadeus shall provide reports upon which the invoices are based.  

 

	
Product Description
	
Charges per Unit (USD)
	
Units
	
Comments

	
Amadeus Ticket Changer (ATC) – Classic and Shopper
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Mini-rules 
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Travel Alerts Notifier (ATAN)
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Master Pricer Travelboard, Master Pricer Expert, Master Pricer Calendar
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Central Transaction System Transactions (CST)
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Web Services Development License fee
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Web Services Development support and certification Fee
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Web Services Late Development Fee
	
XXXX
	
XXXX
	
XXXX

	
Amadeus Web Services Transactions
	
XXXX
	
XXXX
	
XXXX

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

	
Product Description
	
Charges per Unit (USD)
	
Units
	
Comments

	
Master Pricer Instant Search

MPIS 250
	
XXXX
	
XXXX
	
XXXX

	
Extreme Search
	
XXXX
	
XXXX
	
XXXX

	
Ghost Bookings
	
XXXX
	
XXXX
	
XXXX

 

 

	
	
Confidential Treatment Requested

 

The portions of this document marked by XXXX have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities and Exchange Act of 1934, as amended, and have been filed separately with the Securities and Exchange Commission.

 

Exhibit 5

Non- Eligible Bookings and Provider Programs 

 

	
1.
	
“Non-Eligible Bookings” are Bookings that, unless otherwise expressly stated in this Exhibit, (i) are not counted towards any Eligible Booking volume calculations, and (ii) for which Amadeus pays no Incentives.  Non-Eligible Bookings include:

 

	
 
	
(i) 
	
Unproductive Bookings (HX, UN, NO, UC);

	
 
	
(ii) 
	
Passive and ghost bookings;

	
 
	
(iii)
	
Non-GDS bookings (bookings made outside of the Amadeus System);

	
 
	
(iv) 
	
Bookings made on airlines that connect to the Amadeus System via Amadeus Ticketless Access, Light Ticketing or similar connectivity (when appropriate); 

	
 
	
(v) 
	
Bookings on content not in the Amadeus System as of the Effective Date; and

	
 
	
(vii) 
	
All bookings that have not been paid by the relevant Provider.

 

Amadeus will have the right to amend the Non-Eligible Bookings listed above by giving Customer three (3) months’ prior written notice (the “Notice”).  If Customer objects to any such amendment, it must notify Amadeus no later than 60 days following the Notice, in which case Amadeus may engage in good faith discussions with Customer.  If such amendment is made without any changes based on such good faith negotiations, and same affects Customer by more than 10% in terms of Incentive revenue under this Agreement when compared to the prior Year, then Customer may terminate this Agreement upon 90 days advance written notice, said notice to be provided to Amadeus no later than 30 days after Amadeus’ implementation of such amendment. 

 

	
2.  
	
Notwithstanding anything to the contrary herein, Amadeus will pay the following incentives (or charge the indicated opt-in charge) for the indicated Bookings. For clarification, the following Bookings (i) are counted toward the Eligible Booking volume calculations under this Agreement and (ii) do not qualify for the Incentives on Exhibit 3 unless indicated otherwise in Table 2 below. 

Table 2

 

	
POS Market
	
Provider Code
	
Provider Name
	
Type of segments 
	
Incentive per Eligible Booking

(USD)

	
India
	
XXXX
	
XXXX
	
ALL
	
XXXX

	
India
	
XXXX
	
XXXX
	
ALL
	
XXXX

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