Document:

ex10_1.htm

Advertising Representation Agreement

This Client Services Agreement ("Agreement") is made as of the 17th day of August, 2009 ("Effective Date") between InvestingChannel, Inc. (“InvestingChannel”
or “Representative”), a Delaware corporation, and the Client named below (“Client”).  Capitalized terms not otherwise defined on this Agreement shall have the same meaning ascribed to such terms in the Terms and Conditions attached hereto and incorporated herein.

WHEREAS, Client owns and operates its content and inventory located on www.mediasentiment.com (the “Website”);

WHEREAS, Client desires to engage Representative for the solicitation and sale of advertising space and the representation of some of Client’s Inventory (as defined below).

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, THE PARTIES AGREE TO THE TERMS SET FORTH BELOW AND THE TERMS AND CONDITIONS ATTACHED HERETO:

 

REPRESENTATION FORM

	
Client Name:
	
Media Sentiment, Inc.
	  	  
	
Representative:
	
Marian Munz
	
Telephone:
	
(415) 205-1695

	
Address:
	
825 Van Ness Ave, 4th Fl.
	
Fax:
	
(415) 358 9853

	  	
San Francisco, CA 94102
	
Email Address:
	
munz@mediasentiment.com

	
InvestingChannel, Inc.

	
Representative:
	
Nikesh Desai
	
Telephone:
	
646-467-7825

	
Address:
	
52 E. 13th St., Suite 5D
	
Fax:
	
646-290-8452

	  	
New York, New York 10003

 
	
Email Address:
	
nikesh@investingchannel.com

	
Live Date:

 
	
TBD

	
Term:

 
	
12 months

	
Payment Amount:
	
Representative shall remit to Client fifty percent (50%) of Revenue (as defined below). For the first two weeks upon ad tag implementation, Representative may run some free ad campaigns to measure site performance.

 

	
Development Fee:

 
	
$0.00 – WAIVED

	
Client Website(s):

 
	
www.mediasentiment.com

	
Payment Terms:
	
InvestingChannel shall make payments to Client on or before the 45 days following the last day of the calendar month in which InvestingChannel collects and receives payment from the applicable advertiser and when payment totals at least $200.00 (the “Minimum Payment”).

 

	
Inventory:
	
All ad impressions that Client owns and serves through its Website(s), e-newsletters, registration and email database.

 

IN WITNESS WHEREOF, InvestingChannel and Client have each caused this Agreement to be executed by their duly authorized representatives, effective as of the day and year first written above.

	
INVESTINGCHANNEL, INC.:

 

InvestingChannel, Inc.

 

/s/ Nikesh Desai

Signature

 

President

Title

 

Nikesh Desai

Name
	
CLIENT:

 

Media Sentiment, Inc.

 

/s/ Marian Munz

Signature

 

President & CEO

Title

 

Marian Munz

Name

 

 

 

 

 

TERMS AND CONDITIONS

I.     SERVICES

	
1.1.
	
The Client hereby retains and appoints the Representative during the term of this Agreement as the exclusive seller of Client’s advertising space within the Inventory on the terms set forth in the Representation Form.  For the purpose of this Agreement, the term “Inventory” shall have the meaning set forth in the Representation Form.

	
1.2.
	
The Representative accepts the appointment and agrees to use its efforts in the solicitation and sale of advertising space within the Inventory and in the advancement and promotion of said Inventory, adhering at all times to the established policies of the Inventory.

	
1.3.
	
It is understood and agreed that all Advertising sold by Representative will be solely approved, trafficked, served and optimized by Representative with Representative’s chosen ad serving technology.  For the purpose of this Agreement, the terms “Advertising” or “Advertisement”
shall mean advertising sold by Representative, in any media or form, for an advertisers’ brands, products or services, for placement on Client’s products and services, in any media or form, including without limitation, web sites and email lists.

	
II.
	
FEES AND PAYMENT

	
2.1.
	
Fees

During the term of this Agreement, Representative shall remit to Client an amount of the Revenue as set forth in the Representation Form. For the purpose of this Agreement, "Revenue" shall mean and include all amounts
billed and received, net of refunds, by Representative for Advertising generated and sold by Representative on Client’s Inventory. Representative shall be entitled to commissions on all Advertising during the term of this Agreement, and, upon termination of this Agreement, on all Advertising contracts agreed to in writing during the term hereof.

	
2.2.
	
Traffic Calculation

	
  
	
Representative shall have the sole responsibility for calculation and reporting of all statistics, including impressions, leads, sales clicks, earnings reports and referral earnings.  Representative will post reports of all traffic resulting from the Client’s advertising HTML codes (“Ad Codes”) on Representative’s website
for the Client to access.

	
2.3.
	
Payments

Representative will make payments to Client within the period set forth in the Representation Form. Representative shall not be liable for monies billed but not cleared and collected from advertisers. Representative will pay the Client only for months in which earned revenue exceeds Minimum Payment
for the month. Revenue which is not paid to the Client in any month will be credited to the account of the Client and paid later, when accrued revenue exceeds Minimum Payment.

 

	
2.4.
	
Expenses

The Representative shall bear all its expenses and obligations incurred in connection with its solicitation and sale of advertising space on the Inventory, including travel and entertainment expenses. In the event Client requests the Representative to travel, attend trade shows/conventions or sales
meetings or perform other services not in the normal course of its duties, Client will promptly reimburse Representative for all reasonable expenses incurred.

	
2.5.
	
Additional Expenses

Client shall be responsible for paying any applicable charges under this Agreement, including any applicable taxes or charges imposed by any government entity, including, but not limited to personal income tax, social security and/or welfare obligations, sales tax, Value Added Tax (VAT), and use tax
if applicable.  Client also agrees that Representative is not obligated to determine whether sales or use taxes apply on any Advertising sales and is not responsible to collect, report, or remit any sales or use taxes arising from any such transaction.

 

 

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III.      SERVICE  REQUIREMENTS

 

	
3.1.
	
General Requirements

To enable Representative to maximize the Advertising revenue for the Inventory, Client hereby agrees to, at minimum, the following:  (i) enable Client websites’ pages to display all forms of “rich media” Advertising, subject to both parties’ approval; (ii) allow Representative
to link to the Client and its content from all websites and blogs owned and/or managed and/or represented in any way by Representative; and (iii) provide all or some portion of the following items for Advertising:  banners in the form of 728x90 pixels, 300x250 pixels, 160x600 pixels and other such units requested by advertisers.

 

	
3.2.
	
HTML Tagging

	
  
	
Client agrees to code the pages of Client’s websites with the HTML tags and do so in a mutually agreed upon manner, provided by Representative within five (5) business days of Client’s receipt of such HTML tags. The HTML tags enable Representative to serve Advertisements. During the term of this Agreement, Client agrees to maintain on Client’s websites all HTML tags necessary for Representative
to serve Advertising.  If at any point during the term of this Agreement, Representative requests via email notification that Client remove certain of such HTML tags for reasons of inventory management or to minimize the generation of system defaults, Client agrees to do so within three (3) business days, and send an email confirmation to Representative upon such removal.  Client agreed not to alter, modify, or delete and HTML tags without seven (7) business day’s prior written notice
to Representative.

IV.     INVESTINGCHANNEL NETWORK POLICIES AND CLIENT OBLIGATIONS

	
4.1.
	
Network Policies

Client hereby acknowledges and agrees that:

	
A.
	
Client account will be monitored continuously by Representative’s traffic department. In the event Representative deems a Client's account to be outside the acceptable bounds for traffic quality, Representative will terminate the account. In the event traffic quality drops below the acceptable average for only a specific website within a Client's account, Representative will request that the Client remove the
website from their account. Failure to do so will result in termination of the Client's membership;

	
B.
	
Membership in the Representative online advertising network is subject to prior approval by Representative. Representative reserves the right to refuse service to any new or existing Client, at its sole discretion, with or without cause. Approval of membership in the Representative online advertising network is limited only to the specific root domain for which the Client has applied for approval;

	
C.
	
Up to 10% of Inventory may be provided free of charge, at the sole discretion of Representative, to current or potential future advertisers or to non-profit organizations or similar groups mainly for the purpose of reconciling advertiser serving technology discrepancies for number of ads served and advertiser test campaigns;

	
D.
	
From time to time, in order for the advertising agencies or advertisers to optimize their advertising campaigns, Representative may be required to change the targeting of a campaign in mid-flight if directed to do so by the buyer of the advertising or if decided to do so by the Representative. All attempts will be made to meet the performance needs to the advertising agency to minimize any negative impact on the
Client;

	
E.
	
Client shall assign traffic metrics of the Inventory for all third party tracking organizations, including but not limited to comScore Networks  and Nielsen//NetRatings, to Representative. Client further agrees to execute documents with Media Metrix or other third party services to evidence such assignment of site traffic;

	
F.
	
Representative is the sole owner of all website, campaign, and aggregate user data collected by the Representative. Advertisers have access only to website and aggregate user data that is collected as part of their campaign(s). Clients have access only to campaign and aggregate user data that is collected through the use of their inventory;

	
G.
	
Client shall promptly notify Representative of any substantive change in Client content or editorial direction;

	
H.
	
Client is solely responsible for the development, maintenance and operation of its Website and for all content and other materials that appear on its Website;

	
I.
	
In the event that an ad tag fails to function properly, Client shall be responsible for removing such ad tag from its Website, and promptly replace it with a new tag supplied by Representative, if Representative is unable to correct the issue;

	
J.
	
Client agrees to list Representative, during the term of this Agreement, as an advertising representative for advertising for Client in any and all applicable rate and data services and listings, as well as on Inventory;

	
K.
	
At all times during the term of this Agreement, Client shall display on the footer or homepage of its Website such clickable network attribution as is provided by Representative from time to time, which shall link to a web page hosted by Representative promoting or otherwise providing information about the network;

	
L.  
	
Client shall display on its Website, and fully complied with, a privacy policy that is in compliance with all applicable laws rules and regulations.  Such policy shall be accessible via a link on the home page of each Website and any other pages upon which user information is collected.  Client shall also provide a section in their
privacy policy that clearly and conspicuously discloses its use of third party ad and collection of information for ad targeting;

	
M.  
	
Client shall display a piece of code throughout its site which allows Representative to quantify and survey the audience so as to best present the Inventory to advertisers; and

	
N.  
	
Any email list provided to Representative shall be an “opt-in” list of Customers (as defined below) and messages to be sent to such list shall 1) be devoid of any reference to the source of the recipient’s email address; 2) comply with the Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003 (“CAN-SPAM”)
and all other applicable data protection laws, rules and regulations; 3) be in good taste and of the highest integrity consistent with DMA guidelines as the same may be revised from time to time (see: http://www.thedma.org/guidelines/ethicalguidelines.html) “Customer(s)” shall mean individuals with whom Client has established a relationship (e.g. individual has requested a catalog, subscribed to a newsletter, completed a business transaction,
but shall not include inquiries by individuals where such individuals merely contact Client but do not establish a relationship but would be considered prospects), excluding individuals who have requested not to receive email solicitations from Client.

 

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4.2.
	
Client Obligations

	
  
	
Client hereby agrees not to engage in any of the following:

	
  
	
A.
	
Generate traffic to Client’s Website utilizing any of the following methods:  listing on newsgroups, unsolicited bulk commercial e-mailings, instant messenger postings or chat room postings;

	
  
	
B.
	
Engage in any of form of fraudulent traffic generating methods including, but not limited to, robots, spiders, auto-spawning browsers, auto reloading meta refreshes or any other form of fraudulent and artificial traffic;

	
  
	
C.
	
Receive traffic from websites that contain materials that are deemed offensive or illegal in nature, including, but not limited to, websites promoting mp3, warez, EMU, ROM or pornographic materials;

	
  
	
D.
	
Change or alter in the Client’s advertising Ad Codes provided by Representative in any manner;

	
  
	
E.
	
Place Ad Codes on the pages of the following nature:  blank pages with no content or pages that only contain advertisements; or

	
  
	
F.
	
Place Ad Codes on any root domain not specifically approved for membership within the Representative’s network.

	
  
	
If Client obligations outlined above are not upheld, any such actions will lead to account termination and all funds generated from said actions will be forfeited.

	
4.3.
	
Client Representation and Warranties.

	
  
	
Client hereby represents and warrants that (i) it has full power and authority to enter into this Agreement, to carry out its obligations hereunder, and to grant the rights herein granted;  (ii) the execution and delivery of this Agreement and the transactions contemplated hereby do not and will not result in a breach, violation or default, of such party’s organizational documents or bylaws, or any
agreement to which such party may be bound; (iii) performance of its duties under this agreement will not violate the intellectual property rights of any third party or the laws or regulations of any governmental, regulatory, or judicial authority; (iv) it owns operates and has sole editorial and creative control over the Website; (v) it owns and/or has the right to use the Website, all content and all materials contained on the Website, including, without limitation, all copyrights, trademarks and other proprietary
rights in and to such materials; and (vi) it has secured the requisite permission to use any person’s name, voice, likeness and performance as embodied in such materials, or any other element contained in said material. Client agrees that its indemnity obligations to Representative set forth below shall extend to advertisers purchasing Advertising on the Client’s Website pursuant to this Agreement. Client agrees that its Website shall not contain Questionable Content.  For the purposes of
this agreement, “Questionable Content” is defined as any editorial, visual or journalistic dialog that references: illegal substances or subject matter; is in violation of any local, state, or federal ordinance, regulation or law; pornography; controversial political views; gambling; or promotes any activity that is illegal, discriminatory or has the intention to cause harm.

V.     TERM AND TERMINATION

	
5.1.
	
Term

	
 
	
This Agreement shall commence upon execution by both parties and continue for a term as set forth in the Representation Form (the “Term”). This Agreement shall automatically renew for successive twelve (12) month terms unless either party provides the other with written notice of termination at least ninety (90) days prior to the renewal
date.

	
5.2.
	
Termination

	
 
	
This Agreement may be terminated: (i) by either party, immediately upon written mutual consent of Representative and Client; (ii) by either party, upon ninety (90) days' written notice to the other party of a material breach of this Agreement by such other party; provided, however that such termination shall not be effective if said breach has been cured to the reasonable satisfaction of non-breaching party prior
to the expiration of the ninety (90) day notice period; (iii) by Representative, upon one (1) week’s written notice in the event that Client's account has been inactive or idle for a period longer than one month; (iv) immediately following written notice in the event the other party becomes or is declared insolvent or bankrupt, is the subject of any proceeding related to its liquidation or insolvency (whether voluntary or involuntary) which is not dismissed within sixty (60) calendar days or makes an assignment
for the benefit of creditors; or (v) with thirty (30) days written notice if Representative fails to achieve higher than thirty percent (30%) sell through rate of total premium, larger ad units (i.e., 728x90, 160x600, 300x250); provided however that such termination shall not be effective if said breach has been cured within the thirty (30) day termination period.

	
5.3.
	
Effect of Termination

	
 
	
Upon termination of this Agreement, (i) Representative shall promptly pay to Client any monies due pursuant to Article 2 above; (ii) Client shall promptly reimburse Representative, upon receipt of an expense statement for the applicable period, for any out-of-pocket business and travel expenses incurred or accrued by Representative as of or prior to the Termination Date for the performance any additional activities
requested by Publisher beyond the scope of Representative’s obligation under this Agreement; and (iii) Representative shall be entitled to Revenue as provided in Article 2 herein, without diminution or deductions of any kind generated by the fulfillment and delivery of all existing contracts and insertion orders on or prior to the termination date of this Agreement that require Client’s Inventory to fulfill for a period of sixty (60) days following any such termination.

	
5.4.
	
Cooperation

	
 
	
Parties hereby agree that they shall use all commercially reasonable efforts to fully cooperate with each other to carry out the purpose and intent of this Agreement.  Each party hereby agrees that it shall not take any action, or fail to take any action, which action or failure to act would reasonably be expected to delay or prevent the performance of the obligations of the other party under this Agreement.  Client
will make best efforts to facilitate the most effective integration and further development of Inventory in a timely manner while bearing those development costs.

 

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VI.     INDEMNIFICATION; LIMITATION ON WARRANTIES

 

	
6.1.
	
Indemnification

	
  
	
Client assumes the sole responsibility for its content and use of the InvestingChannel network, including, without limitation, compliance with all governmental requirements related to Client (including compliance with all Federal Trade Commission rules, regulations and guidelines), user data and its business.  Client shall indemnify, defend and hold harmless InvestingChannel, its directors, officers, employees
and agents, and defend against any action brought against the same with respect to any and all losses, claims, liabilities, causes of action, debt, damages and expenses of any nature, including, without limitation, attorneys’ fees, arising out of Client’s use of the InvestingChannel network, the content, quality, performance and all other aspects of the user data, including the transmission, maintenance, retention, transfer or access to user data or the equipment and facilities used by Client or Client’s
other use of the Internet, any failure to provide a complete and accurate suppression file to Representative and  misuse or unauthorized use of the user data.

 

	
6.2.
	
Disclaimer of Warranty

	
  
	
A.
	
DISCLAIMER OF WARRANTY.  THE SERVICES ARE DISTRIBUTED ON AN "AS IS", "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE. CLIENT EXPRESSLY AGREES THAT USE OF THE SERVICES AND ANY OTHER SERVICES PROVIDED BY INVESTINGCHANNEL ARE AT CLIENT’S
SOLE RISK AND LIABILITY.  NEITHER INVESTINGCHANNEL NOR ANY OF ITS UNDERLYING SERVICE PROVIDERS, LICENSORS, EMPLOYEES, OR AGENTS WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR FREE OR COMPLETELY SECURE; NOR DOES INVESTINGCHANNEL OR ANY OF ITS UNDERLYING SERVICE PROVIDERS, LICENSORS, EMPLOYEES, OR AGENTS MAKE ANY WARRANTY AS TO THE RESULTS TO BE OBTAINED FROM USE OF THE SERVICES AND ANY OTHER SERVICES PROVIDED BY INVESTINGCHANNEL.

	
  
	
B.
	
Disclaimer of Actions Caused by and/or Under the Control of Third Parties.

	
  
	
INVESTINGCHANNEL DOES NOT AND CANNOT CONTROL THE FLOW OF DATA TO OR FROM INVESTINGCHANNEL’S DATA CENTERS AND OTHER PORTIONS OF THE INTERNET.  SUCH FLOW DEPENDS IN LARGE PART ON THE PERFORMANCE OF INTERNET SERVICES PROVIDED OR CONTROLLED BY THIRD PARTIES.  AT TIMES, ACTIONS OR INACTIONS CAUSED BY THESE THIRD PARTIES CAN PRODUCE SITUATIONS IN WHICH INVESTINGCHANNEL’S CLIENTS’ CONNECTIONS
TO THE INTERNET (OR PORTIONS THEREOF) MAY BE IMPAIRED OR DISRUPTED.  ALTHOUGH INVESTINGCHANNEL WILL USE COMMERCIALLY REASONABLE EFFORTS TO TAKE ACTIONS IT DEEMS APPROPRIATE TO REMEDY AND AVOID SUCH EVENTS, INVESTINGCHANNEL CANNOT GUARANTEE THAT THEY WILL NOT OCCUR.  ACCORDINGLY, INVESTINGCHANNEL DISCLAIMS ANY AND ALL LIABILITY RESULTING FROM OR RELATED TO SUCH EVENTS.

 

	
6.3.
	
Limitation of Liability

	 	
EXCEPT FOR DAMAGES ARISING FROM BREACHES OF ARTICLES 3 OR 4, OR AMOUNTS PAYABLE PURSUANT TO INDEMNIFICATION OBLIGATIONS UNDER SECTION 6.1, UNDER NO CIRCUMSTANCES SHALL EITHER PARTY OR ANY OF ITS RESPECTIVE UNDERLYING SERVICE PROVIDERS, LICENSORS, EMPLOYEES, OR AGENTS SHALL HAVE ANY LIABILITY FOR INCIDENTAL, CONSEQUENTIAL, INDIRECT, SPECIAL DAMAGES, LOST CLIENT DATA, LOST CLIENT DATA, LOST REVENUE OR LOST PROFITS
SUFFERED BY THE OTHER PARTY AS A RESULT OF THE OPERATION OR MALFUNCTION OF THE SERVICES, REGARDLESS OF WHETHER OR NOT SUCH PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. EXCEPT FOR DAMAGES ARISING FROM BREACHES OF ARTICLES 3 OR 4, OR AMOUNTS PAYABLE PURSUANT TO INDEMNIFICATION OBLIGATIONS UNDER SECTION 6.1, THE MAXIMUM AGGREGATE LIABILITY FOR DAMAGES HEREUNDER SHALL BE THE TOTAL AMOUNT PAID
TO CLIENT BY INVESTINGCHANNEL FOR THE PRECEDING SIX MONTHS UNDER THIS AGREEMENT.  The provisions of this Article VI allocate the risks under this Agreement between InvestingChannel and Client.  InvestingChannel's pricing reflects this allocation of risk and the limitation of liability specified herein.

 

5

 

 

VII.     GENERAL TERMS

	
7.1.  
	
Nondisclosure

	
  
	
Each Party acknowledges that, from time to time, it may be furnished with or may otherwise receive or have access to confidential information or material (whether such material is or is not marked or identified as proprietary or confidential) in connection with this Agreement that relates to past, present or future products or services, software, research development, inventions, processes, techniques, designs, data,
technical information, financial information, and marketing plans, and including the terms of this Agreement (the “Proprietary Information”).  Each Party agrees, for the Term of this Agreement or one (1) year after its termination pursuant to Section 5.2, to preserve and protect the confidentiality of the Proprietary Information in all of its physical forms (using precautions as similar to those it takes to protect its own Proprietary Information, but in no case less than a reasonable degree
of care). The foregoing obligations do not apply to information that (a) is or becomes generally available to the public, (b) was in a Party’s possession or known by it prior to receipt from the other Party, (c) was disclosed to a Party by a third party not known to such Party to be obligated to maintain confidentiality, or (d) was developed by a Party or its representatives independently of and without reference to any Proprietary Information. Non-identifiable information which is not Confidential Information
of Client may be used by InvestingChannel in its business, provided that such non-identifiable information cannot be linked to Client.  Each Party may disclose Proprietary Information only to its employees, agents, and/or contractors on a need-to-know basis and subject to nondisclosure obligations similar to those set forth herein.  Each Party may disclose Proprietary Information as required by governmental or judicial order, provided that it gives the other Party prompt notice of such order
and complies with any protective order (or its equivalent) imposed on such disclosure.  Each Party shall return or destroy, at other Party’s option, all copies (including digital and electronic copies) of Proprietary Information at the end of term of this Agreement or at the request of the other Party.  Due to the unique nature of the Proprietary Information, any breach of this Section shall entitle the non-breaching party to seek injunctive and other appropriate equitable relief in
addition to whatever remedies it may have at law.

	
7.2.  
	
Ownership

InvestingChannel shall own any and all right, title, and interest in and to (a) each unique user’s data and behavior collected by InvestingChannel, including without limitation, analyses, compilations, overlays, summaries, service
performance evaluation, public reporting requirements, marketing activities, abstracts, or other manipulations of such data, and (b) all intellectual property rights (including without limitation copyrights and patent rights) in each of the foregoing. Except for Client’s rights under this Agreement, Client agrees that it has no rights or licenses in or to any of the foregoing.

	
7.3.
	
Survival

Articles 6 and 7 of this Agreement shall survive any termination or expiration of this Agreement and Articles 2, 3 and 4 of this Agreement shall survive until no further payments are due hereunder.

 

	
7.4.
	
Governing Law; Jurisdiction

This Agreement shall be governed by the laws of the State of New York and shall be deemed to be executed in the State of New York.  In any legal action relating to this Agreement Client agrees (a) to the exercise of jurisdiction over it by a state or federal court in New
York, New York or the United States District Court for the Eastern District of New York; and (b) that if Client brings the action, it shall be instituted in one of the courts specified in subparagraph (a) above.  InvestingChannel may institute legal action in any appropriate jurisdiction.

 

	
7.5.
	
Assignment

This Agreement or any of the rights, interest or obligations hereunder shall not be transferred or assigned, directly or indirectly, without the prior written consent of the other Party hereto; provided, however, Representative may transfer or assign any or all of its obligations under this Agreement
without Client’s prior consent. This Agreement will bind and inure to the benefit of each party's permitted successors and assigns

 

 

6

 

 

	
7.6.
	
Notice

All notices, including notices of address change, required to be sent hereunder shall be in writing delivered by registered or certified mail or by Federal Express (or similar reputable express courier) to the first address listed in the relevant Order Form (if to Client) or to the InvestingChannel
address on the Order Form (if to InvestingChannel).  Notices may be changed upon written notice sent in accordance with this Section 8.6. Notices shall be effective upon receipt.

 

	
7.7.
	
Severability
In the event any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions of this Agreement will remain in full force and effect.

	
7.8.
	
Force Majeure

Except for obligations of confidentiality and payment hereunder, neither party shall be in default by reason of any failure in performance of this Agreement if such failure arises, direct or indirectly, out of causes reasonably beyond the direct control or foreseeability of such party, including but
not limited to, default by subcontractors or suppliers, acts of God or of the public enemy, U.S. or foreign governmental acts in either a sovereign or contractual capacity, terrorist acts, labor, fire, flood, epidemic, restrictions, and/or strikes.

 

	
7.9.
	
Independent Contractor

The parties to this Agreement shall be independent contractors and nothing herein shall be deemed or construed to create a partnership or joint venture between them.  Except as expressly described herein, neither party shall have any power whatsoever to obligate or bind the other party hereto
in any manner.

 

	
7.10
	
Entire Agreement

This Agreement constitutes the complete agreement between the parties with respect to the subject matter hereof and supersedes all previous agreements or representations, written or oral, with respect to the subject matter herein.  This Agreement may not be modified or amended except in writing
signed by a duly authorized representative of each party hereto. The waiver by either party of any default or breach of this Agreement shall not constitute a waiver of any other or subsequent default or breach.ex10_1.htm

Publisher Services Agreement

This Publisher Services Agreement ("Agreement") is made as of the 17th day of August, 2009 ("Effective Date") between InvestingChannel, Inc. (“InvestingChannel”), a Delaware corporation, and the Client named below
(“Client”).  Capitalized terms not otherwise defined on this Order Form shall have the same meaning ascribed to such terms in the Terms and Conditions attached hereto and incorporated herein.

WHEREAS, InvestingChannel agrees to provide services (the “Services”) which include the validation of certain registration data (“Registrant Data”) provided to web publisher clients, including Client, by a person visiting, registering or revisiting its website for any reason (“Registrant”), the storage
of Registrant Data validated by InvestingChannel, the software development of customized offer placements and offer pages, the sales and presentation of various advertising offers by various advertisers to Registrants via an offer placement or offer page, and the transfer of Registrant Data to one or more advertisers upon the selection of or opt-in to such offer(s) by a Registrant;

WHEREAS, Client desires to use the Services and InvestingChannel desires to provide the Services in accordance with the terms and conditions contained herein.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, THE PARTIES AGREE TO THE TERMS SET FORTH BELOW AND THE TERMS AND CONDITIONS ATTACHED HERETO:

ORDER FORM

	
Client Name:
	
Media Sentiment, Inc.
	  	  
	
Representative:
	
Marian Munz
	
Telephone:
	
(415) 205-1695

	
Address:
	
825 Van Ness Ave, 4th Fl.
	
Fax:
	
(415) 358 9853

	  	
San Francisco, CA 94102
	
Email Address:
	
munz@mediasentiment.com

	
InvestingChannel, Inc.

	
Representative:
	
Nikesh Desai
	
Telephone:
	
646-290-8454

	
Address:
	
52 E. 13th St., Suite 5D
	
Fax:
	
646-290-8452

	  	
New York, New York 10003
	
Email Address:
	
nikesh@investingchannel.com

	
Live Date:
	  	  	  
	
Term:
	
12 Months

	
Implementation Type:
	
TBD

	
Initial Number of Offer Placements or Offer Pages:
	
TBD

	
Offer Page Placements:
	
1-Definitively in all Client Registration Paths; 2-Potentially within a to be developed Branded Marketplace accessible from site and newsletters;  3-Potentially accessible from database promotions and newsletters to existing registrants

	
Net Offer Revenue % Per Offer Page:
	
50%

	
Development Fee:
	
$0.00 – WAIVED

	
Client Website(s): www.mediasentiment.com

	
Payment Terms:  All Client Revenue Share payments shall be made by InvestingChannel on or before the 45 days following the last day of the calendar month in which InvestingChannel receives payment from the applicable advertiser and when payment totals at least $200.00.

	
Other Terms: InvestingChannel will be exclusive advertising representative for all new Client co-registration advertising.

IN WITNESS WHEREOF, InvestingChannel and Client have each caused this Agreement to be executed by their duly authorized representatives, effective as of the day and year first written above.

	
INVESTINGCHANNEL, INC.:

 

InvestingChannel, Inc.

 

/s/ Nikesh Desai

Signature

 

President

Title

 

Nikesh Desai

Name
	
CLIENT:

 

Media Sentiment, Inc.

 

/s/ Marian Munz

Signature

 

President & CEO

Title

 

Marian Munz

Name

 

 

 

 

 

TERMS AND CONDITIONS

I.     DEFINITIONS

	
1.1.
	
“Client Revenue Share” shall mean the Net Offer Revenue times the Net Offer Revenue Percentage.

	
1.2.
	
“Client Website” shall mean the website(s) of Client specified on the Order Form.

	
1.3.
	
“Development Fee” shall mean the amount specified on the Order Form.

	
1.4.
	
“Net Offer Revenue” shall mean the amount actually collected, net of refunds, from each advertiser by InvestingChannel for each Opt-In Customer generated pursuant to the Offer Placement or Offer Page of Client and accepted by an advertiser.

	
1.5.
	
“Net Offer Revenue Percentage” shall mean the percentage for each Offer Placement or Offer Page set forth on the Order Form and as may be modified from time to time by the parties.

	
1.6.
	
“Offer Page” shall mean a customized webpage developed by InvestingChannel, and approved by Client, branded to look substantially like the Client Website and listing that number of offers set forth on the Order Form from various advertisers, including without limitation, one or more offers by InvestingChannel as set forth on the Order Form.

	
1.7.
	
“Offer Placement” shall mean offers from various advertisers served by the InvestingChannel System using certain customized software developed by InvestingChannel that is incorporated into the Client Website.

	
1.8.
	
“Opt-In Customer” shall mean a Registrant that chooses or “opts-in” to receive one or more offers from one or more advertisers presented to a Registrant via the Offer Page or Offer Placement.

	
1.9.
	
“InvestingChannel System” shall mean the technology platform used by InvestingChannel to perform the Services, including without limitation, the collection and validation of Registrant Data, storage of Registrant Data and the transmission of Registrant Data to advertisers whose offers the Opt-In Customers select.

	
1.10.
	
“Order Form” shall mean the first page of this Agreement.

	
1.11.
	
“Registrant” shall mean a person visiting, registering or revisiting who is submitting or has submitted in the past, their information for any other reason on the Client Website.

	
1.12.
	
“Registrant Data” shall mean the registration data, including without limitation, Registrant full name, mailing address, email address, phone number, IP address and other demographic data, in digital format delivered by a Registrant to Client via the Client Website and then provided by Client to InvestingChannel in the course of the provision of
the Services.

	
1.13.
	
“Live Date” shall mean the date as set forth on the Order Form.

	
1.14.
	
“Services” shall mean those services described in Section 3 below and also listed on the Order Form.

Capitalized terms not otherwise defined in these Terms and Conditions shall have the same meaning ascribed to such terms in the Order Form.

 

 

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II.     CLIENT OBLIGATIONS

	
2.1.
	
Collection and Transmission of Registrant Data

Client shall collect and transmit via the Internet any Registrant Data to InvestingChannel for further delivery of such Registrant Data to specified advertisers as agreed to by the parties.

	
2.2.
	
On-going Assistance
Client shall provide reasonable on-going assistance to InvestingChannel with regard to technical, administrative and service-oriented issues relating to the Services.

	
2.3.
	
Client Hardware and Software

Client shall provide all computer hardware, software and telecommunications systems necessary to connect the Client Website to the Internet.

	
2.4. 
	
Client Privacy Policy

Client shall at all times maintain a privacy policy that is reasonably accessible and clearly and concisely informs a Registrant or potential registrant about the collection, use and disclosure of his
or her personal information to InvestingChannel and/or advertisers upon the selection of an advertiser’s offer(s).

	
2.5. 
	
Client Representations and Warranties

Client represents and warrants that (i) all Registrant Data is validly obtained by Client and that Client has not generated any Registrant Data by fraudulent means, including without limitation, the pre-population of click-throughs, fake redirects, automated software or other means of
generating fraudulent Registrant Data and/or Opt-In Customers; (ii) all Registrant Data transmitted by Client to InvestingChannel and further transmitted to selected advertisers complies with Client’s privacy policy and that Client has rights to transfer the Registrant Data to InvestingChannel; (iii) neither the Client Website nor any links to websites on Client Website does or will at any time contain any pornographic, racial, ethnic, software pirating or hacking, hate-mongering, or otherwise objectionable
content; and (iv) Client will not engage in any illegal activity.  Any breach of the foregoing warranties shall be deemed a material breach of this Agreement.

 

III.     SERVICES

	
3.1. 
	
Registrant Data Collection, Validation and Storage

	
A.
	
Any and all Registrant Data transmitted to InvestingChannel will be accessible by InvestingChannel.

	
B.
	
InvestingChannel will provide the InvestingChannel System necessary to (i) develop and present advertiser’s offer(s) via an Offer Page or Offer Placement, (ii) collect and validate the Registrant Data from Client, including, without limitation, personally identifiable information of each Registrant, if any, via the Internet, (iii) store the Registrant Data in accordance with its then current policies and procedures,
(iv) transmit or deliver the Opt-In Customer’s Registrant Data to the advertiser whose offer was selected by the Opt-In Customer, for the term of this Agreement and any renewal thereof.  Client acknowledges and agrees (a) that the primary function of the Services is to facilitate the compilation, validation and delivery of the Registrant Data of Opt-In Customers to various advertisers; and (b) that Client is solely responsible for the content, quality, performance, and all other aspects of the
Registrant Data, including the compliance with all laws relating to the transmission, maintenance, retention, transfer, or access to the Registrant Data, including without limitation, laws related to data sovereignty and privacy (including compliance with Client’s own privacy policy), and the equipment and facilities used by Client in connection with the Registrant Data. 

	
C.
	
If applicable, InvestingChannel grants to Client a non-exclusive, non-transferable limited license to the Offer Placement as specified on the Order Form solely to serve various advertiser offers to Registrants.  If applicable, InvestingChannel grants to Client a non-exclusive, non-transferable license for the limited purpose of linking the Client Website to the InvestingChannel System.

	
D.
	
InvestingChannel will validate certain Registrant Data in accordance with InvestingChannel’s then current procedures.  If such Registrant Data cannot be validated or such validated Registrant Data does not match the advertiser criteria, InvestingChannel will not present an Offer Placement or Offer Page to the Registrant and will delete the Registrant Data from the InvestingChannel System in accordance
with its then current policies and procedures.

	
E.  
	
In the event the Registrant Data is validated by InvestingChannel and the Registrant Data matches one or more advertisers’ criteria, InvestingChannel will present to the Registrant an Offer Placement or Offer Page.  The list of advertiser offers will be selected by InvestingChannel and will be based upon the matching of the validated Registrant
Data with the criteria established by each advertiser.  If the Registrant does not select any offer presented on the Offer Page, InvestingChannel shall delete the applicable Registrant Data in accordance with its then current policies and procedures.

 

3

 

 

	
3.2.
	
Transmission of Registrant Data to Advertisers

	
  
	
A.
	
In the event the Registrant selects one or more of the offers presented on the Offer Placement or Offer Page, InvestingChannel shall store such Registrant Data on the InvestingChannel System.

	
  
	
B.
	
InvestingChannel may transmit the Registrant Data of such Opt-In Customer to the advertiser(s) whose offer was selected by the Opt-In Customer.

	
  
	
C.
	
In addition to the transmission of the Registrant Data to the applicable advertiser(s), InvestingChannel may send the Opt-In Customer an email confirming the selections made by the Opt-In Customer from the Offer Page or Offer Placement and information by which the Opt-In Customer may remove his or her name as an Opt-In Customer and any other relevant information as determined by InvestingChannel.  If the
Opt-In Customer requests his or her name be removed as an Opt-In Customer, InvestingChannel will provide such information to the applicable advertiser(s).

	
3.3.
	
Offer Placement or Offer Page Development

	
  
	
On the terms and conditions set forth in this Agreement and on the Order Form, InvestingChannel shall use commercially reasonable efforts to develop Client’s Offer Placement or Offer Page so that it will look and feel substantially like specifications set forth by the Client.  Client will also approve Offer Page prior to implementation on the Client Website. During the term of this Agreement, Client
hereby grants InvestingChannel a limited license to use Client’s intellectual property, including without limitation, Client’s trademarks and copyrights, and the look and feel of the Client Website, solely with respect to the development, storing and maintenance of Client’s Offer Placement or Offer Page.  In addition, Client grants to InvestingChannel a non-exclusive license to use Client’s trademarks in various advertising materials, including, without limitation, press releases
and the InvestingChannel website located at www.investingchannel.com.

	
3.4.
	
Reporting

	
  
	
InvestingChannel will provide Client access to one or more online reports that detail the advertiser impressions, the offers currently being offered via the Offer Page, the number of leads per offer, net revenue and the status of the Client’s account with InvestingChannel.

	
3.5.
	
Offer Placement Display

	
  
	
For those Registrants who are presented with third party, opt-in services on the Client’s Site(s), InvestingChannel Offer Placements shall be the first set of third party, opt-in offers presented to such Registrants.

	
3.6.
	
Advertisers

Except as otherwise provided in this Agreement, InvestingChannel and Client agree that InvestingChannel shall have sole responsibility and authority for (a) obtaining advertiser participation and for providing and updating Offer Placements on the Offer Page, and (b) obtaining
from advertisers all Offer Placement information and other advertiser specific information for display on the Offer Page. The Client has the right at any time to remove any advertisers offer(s) from the list of offers that can be presented within their Offer Placement or Offer Page.

	
3.7.
	
InvestingChannel Support

During the term of this Agreement and subject to the terms and conditions of this Agreement, including payment, InvestingChannel will provide Client with sales support for the InvestingChannel System during InvestingChannel’s normal business hours at no additional charge.  Any technical
support required by Client will be directed to InvestingChannel’s technology provider.

 

4

 

 

IV.      TERM AND TERMINATION

	
4.1.
	
Term

	
  
	
After the Live Date, this Agreement shall remain in full force and effect for the Term specified on the Order Form, unless the Agreement is terminated sooner by either party as provided herein.  This Agreement shall automatically renew for additional one year periods at the end of said term at InvestingChannel’s then applicable rates, unless either party delivers a written notice of termination at
least 90 days prior to the end of the applicable term.

	
4.2.
	
Termination

Either party may terminate the Agreement upon written notice if the other party:

	
  
	
A.
	
materially breaches its obligations hereunder and such breach remains uncured for thirty (30) days following written notice to the breaching party;

	
  
	
B.
	
becomes insolvent or bankrupt, admits in writing its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors; or the other party applies for or consents to the appointment of any receiver, trustee or similar officer for it or for all or any substantial part of its property (or such receiver, trustee or similar officer is appointed without its consent); or the other party institutes
any bankruptcy, insolvency, reorganization, moratorium, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding relating to it under the laws of any jurisdiction, or any such proceeding is instituted against the other party and is not dismissed within ninety (90) days; or any judgment, writ, warrant or attachment or execution of similar process is issued or levied against a substantial part of the property of the other party and remains unsatisfied for ninety (90) days.

 

	
4.3.
	
Effect of Termination

	
  
	
Upon termination of this Agreement, the licenses granted herein will terminate immediately and Client shall cease transmitting Registrant Data to the InvestingChannel System.  Termination of this Agreement shall not limit either party from pursuing any other remedies available to it, including injunctive relief.

V.     WARRANTIES, REMEDIES, LIMITATION OF LIABILITY

	
5.1.
	
Indemnification

	
  
	
 
	
Client assumes the sole responsibility for its content and use of the InvestingChannel System, including, without limitation, compliance with all governmental requirements related to Client (including compliance with all Federal Trade Commission rules, regulations and guidelines), Registrant Data and its business.  Client shall indemnify, defend and hold harmless InvestingChannel, its directors, officers,
employees and agents, and defend against any action brought against the same with respect to any and all losses, claims, liabilities, causes of action, debt, damages and expenses of any nature, including, without limitation, attorneys’ fees, arising out of Client’s use of the InvestingChannel System, the content, quality, performance and all other aspects of the Registrant Data, including the transmission, maintenance, retention, transfer or access to the Registrant Data or the equipment and facilities
used by Client or Client’s other use of the Internet.

	
5.2.
	
Disclaimer of Warranty

	
A.
	
DISCLAIMER OF WARRANTY.  THE SERVICES ARE DISTRIBUTED ON AN "AS IS", "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF TITLE OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE. CLIENT EXPRESSLY AGREES THAT USE OF THE SERVICES AND ANY OTHER SERVICES PROVIDED BY INVESTINGCHANNEL ARE AT CLIENT’S
SOLE RISK AND LIABILITY.  NEITHER INVESTINGCHANNEL NOR ANY OF ITS UNDERLYING SERVICE PROVIDERS, LICENSORS, EMPLOYEES, OR AGENTS WARRANT THAT THE SERVICES WILL BE UNINTERRUPTED, ERROR FREE OR COMPLETELY SECURE; NOR DOES INVESTINGCHANNEL OR ANY OF ITS UNDERLYING SERVICE PROVIDERS, LICENSORS, EMPLOYEES, OR AGENTS MAKE ANY WARRANTY AS TO THE RESULTS TO BE OBTAINED FROM USE OF THE SERVICES AND ANY OTHER SERVICES PROVIDED BY INVESTINGCHANNEL.

	
  
	
B.
	
Disclaimer of Actions Caused by and/or Under the Control of Third Parties.

	
  
	
INVESTINGCHANNEL DOES NOT AND CANNOT CONTROL THE FLOW OF DATA TO OR FROM INVESTINGCHANNEL’S DATA CENTERS AND OTHER PORTIONS OF THE INTERNET.  SUCH FLOW DEPENDS IN LARGE PART ON THE PERFORMANCE OF INTERNET SERVICES PROVIDED OR CONTROLLED BY THIRD PARTIES.  AT TIMES, ACTIONS OR INACTIONS CAUSED BY THESE THIRD PARTIES CAN PRODUCE SITUATIONS IN WHICH INVESTINGCHANNEL’S CLIENTS’ CONNECTIONS
TO THE INTERNET (OR PORTIONS THEREOF) MAY BE IMPAIRED OR DISRUPTED.  ALTHOUGH INVESTINGCHANNEL WILL USE COMMERCIALLY REASONABLE EFFORTS TO TAKE ACTIONS IT DEEMS APPROPRIATE TO REMEDY AND AVOID SUCH EVENTS, INVESTINGCHANNEL CANNOT GUARANTEE THAT THEY WILL NOT OCCUR.  ACCORDINGLY, INVESTINGCHANNEL DISCLAIMS ANY AND ALL LIABILITY RESULTING FROM OR RELATED TO SUCH EVENTS.

 

5

 

 

	
5.2.
	
Limitation of Liability

	 	
EXCEPT FOR DAMAGES ARISING FROM BREACHES OF SECTIONS 2.5 OR 7.1, OR AMOUNTS PAYABLE PURSUANT TO INDEMNIFICATION OBLIGATIONS UNDER SECTION 5.1, UNDER NO CIRCUMSTANCES SHALL EITHER PARTY OR ANY OF ITS RESPECTIVE UNDERLYING SERVICE PROVIDERS, LICENSORS, EMPLOYEES, OR AGENTS SHALL HAVE ANY LIABILITY FOR INCIDENTAL, CONSEQUENTIAL, INDIRECT, SPECIAL DAMAGES, LOST CLIENT DATA, LOST CLIENT DATA, LOST REVENUE OR LOST PROFITS
SUFFERED BY THE OTHER PARTY AS A RESULT OF THE OPERATION OR MALFUNCTION OF THE SERVICES, REGARDLESS OF WHETHER OR NOT SUCH PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. EXCEPT FOR DAMAGES ARISING FROM BREACHES OF SECTION 2.5 OR 7.1, OR AMOUNTS PAYABLE PURSUANT TO INDEMNIFICATION OBLIGATIONS UNDER SECTION 5.1,  THE MAXIMUM AGGREGATE LIABILITY FOR DAMAGES HEREUNDER SHALL BE THE TOTAL
AMOUNT PAID TO CLIENT BY INVESTINGCHANNEL FOR THE PRECEDING SIX MONTHS UNDER THIS AGREEMENT.  The provisions of this Article V allocate the risks under this Agreement between InvestingChannel and Client.  InvestingChannel's pricing reflects this allocation of risk and the limitation of liability specified herein.

VI.      PAYMENT PROVISIONS

	
6.1.
	
Client Revenue Share

	
  
	
InvestingChannel shall pay to Client the sum of all Client Revenue Share for the offers selected by Client.  All payments shall be made in U.S. Dollars by InvestingChannel in accordance with the Payment Terms set forth on the Order Form.

	
6.2.
	
Development Fee

	
  
	
Client shall pay to InvestingChannel the amount of the Development Fee, if any, within ten days of the Live Date.

VI.      GENERAL TERMS

 

	
7.1.
	
Nondisclosure

         

	
  
	
By virtue of this Agreement, the parties may have access to information that is confidential to one another ("Confidential Information").  Confidential Information shall be limited to the Service and all information clearly marked as confidential.  A party's Confidential Information shall not include information which:  (a) is or becomes a part of the public domain through no act or
omission of the other party; or (b) was in the other party's lawful possession prior to the disclosure and had not been obtained by the other party either directly or indirectly from the disclosing party; or (c) is lawfully disclosed to the other party by a third party without restriction on disclosure; or (d) is independently developed by the other party as evidenced by its written records. Non-identifiable information which is not Confidential Information of Client may be used by InvestingChannel in its business,
provided that such non-identifiable information cannot be linked to Client.  The parties agree this Section 7.1 shall survive any termination or expiration of this Agreement for a period of five years, provided with respect to Confidential Information that constitutes a trade secret under applicable law, including without limitation, the Services, the parties obligations under this Section 7.1 shall survive for the longer of five years or so long as such Confidential Information remains a trade secret
under applicable law.  The parties agree not to make each other's Confidential Information available in any form to any third party or to use each other's Confidential Information for any purpose other than, with respect to Confidential Information received by InvestingChannel, to implement this Agreement, and, with respect to Confidential Information received by Client, to use the Services as provided herein.  Each party agrees to take all reasonable steps to ensure that Confidential Information
is not disclosed or distributed by its employees or agents in violation of the provisions of this Agreement.

	
7.2.
	
Ownership

	
A.  
	
InvestingChannel owns all right, title and interest in its intellectual property and the Services, including without limitation, any technology developed by or on behalf of InvestingChannel. InvestingChannel has sufficient third party technology license rights to provide the InvestingChannel System to Client for the uses contemplated in this Agreement.
Client owns all right, title and interest in and to the Client Website and its intellectual property.  Each of Client, InvestingChannel and advertiser shall have the right to use and transfer the Registrant Data in accordance with the terms of this Agreement and any applicable privacy policy.

	
B.  
	
InvestingChannel shall own any and all right, title, and interest in and to (a) Registrant Data and behavior occurring on the Offer Page(s) collected by InvestingChannel, including without limitation, analyses, compilations, overlays, summaries, service performance evaluation, public reporting requirements, marketing activities, abstracts, or other
manipulations of such data, and (b) all intellectual property rights (including without limitation copyrights and patent rights) in each of the foregoing. Except for Client’s rights under this Agreement, Client agrees that it has no rights or licenses in or to any of the foregoing.

	
C.  
	
During the Term, Client may provide InvestingChannel with, grant InvestingChannel access to and/or InvestingChannel may generate certain Registrant Data for the purposes of optimizing and presenting co-registration offers or as contemplated in this Agreement. Such Registrant Data shall be deemed to be Confidential Information and InvestingChannel acknowledges
that it has no title or rights to the Registrant Data and all title and rights remain exclusively vested in Client. InvestingChannel agrees that it will not use the Registrant Data for its own purposes at any time and any use as contemplated by this Agreement shall be in accordance with all applicable laws, including, but not limited to, state and federal privacy laws.

 

6

 

 

	
7.3.
	
Survival

Sections 1, 2.5, 5, 6 and 7 of these Terms and Conditions will survive the termination of this Agreement.

 

	
7.4.
	
Governing Law; Jurisdiction

This Agreement shall be governed by the laws of the State of New York and shall be deemed to be executed in the State of New York.  In any legal action relating to this Agreement Client agrees (a) to the exercise of jurisdiction over it by a state or federal court in New York, New York or the United States District Court for the Eastern District of New York; and (b) that if Client brings
the action, it shall be instituted in one of the courts specified in subparagraph (a) above.  InvestingChannel may institute legal action in any appropriate jurisdiction.

	
7.5.
	
Notice

All notices, including notices of address change, required to be sent hereunder shall be in writing delivered by registered or certified mail or by Federal Express (or similar reputable express courier) to the first address listed in the relevant Order Form (if to Client) or to the InvestingChannel
address on the Order Form (if to InvestingChannel).  Notices may be changed upon written notice sent in accordance with this Section 7.4. Notices shall be effective upon receipt.

 

	
7.6.
	
Severability
In the event any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions of this Agreement will remain in full force and effect.

          

	
7.7.
	
Force Majeure

Except for obligations of confidentiality and payment hereunder, neither party shall be in default by reason of any failure in performance of this Agreement if such failure arises, direct or indirectly, out of causes reasonably beyond the direct control or foreseeability of such party, including but not limited to, default by subcontractors or suppliers, acts of
God or of the public enemy, U.S. or foreign governmental acts in either a sovereign or contractual capacity, terrorist acts, labor, fire, flood, epidemic, restrictions, and/or strikes.

 

	
7.8.
	
Independent Contractor

The parties to this Agreement shall be independent contractors and nothing herein shall be deemed or construed to create a partnership or joint venture between them.  Except as expressly described herein, neither party shall have any power whatsoever to obligate or bind the other party hereto in any manner.

 

	
7.9.
	
Entire Agreement

This Agreement constitutes the complete agreement between the parties with respect to the subject matter hereof and supersedes all previous agreements or representations, written or oral, with respect to the subject matter herein.  This Agreement may not be modified or amended except in writing signed by a duly authorized representative of each party
hereto. The waiver by either party of any default or breach of this Agreement shall not constitute a waiver of any other or subsequent default or breach.

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