Document:

AOL Advertising Insertion Order by and between AOL LLC and Napster, LLC

 Exhibit 10.32 
  

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

	
	  
 AOL ADVERTISING INSERTION ORDER
  

  

			
	 Contract
#:                                       
            
 AOL
Salesperson:                                      
  
 Sales
Coordinator:                                      
  
 Sales
Planner:                                      
           
 Effective
Date:                                       
        
 Credit Approval
Received:                          
	 	 

  

					
	  	  	Advertiser	  	Advertising
Agency
	 Contact Person
	  	General Counsel	  	 
	 Company Name
	  	Napster, LLC	  	 
	 Address – Line 1
	  	9044 Melrose Avenue	  	 
	 Address – Line 2
	  	West Hollywood, CA	  	 
	 Phone #
	  	310-281-5000	  	 
	 Fax #
	  	310-281-5121	  	 
	 Email
	  	 	  	 
	 SIC Code
	  	 	  	 
	 Advertiser IAB Category
	  	 	  	 

  

					
	  	  	Billing
Information	  	  
	 Send Invoices to (choose one):
	  	x Advertiser	  	 ̈ Agency
	 Advertiser or Agency Billing Contact
 Person
	  	Napster, LLC	  	 
	 Company Name
	  	Napster, LLC	  	 
	 Billing Address – Line 1
	  	9044 Melrose Avenue	  	 
	 Billing Address – Line 2
	  	West Hollywood, CA	  	 
	 Billing Phone #
	  	310-281-5000	  	 
	 Billing Fax #
	  	  	  	 
	 Billing Email Address
	  	ap@napster.com	  	 
	 P.O. #, if applicable
	  	  	  	 
	  
 WHEREAS, Advertiser and AOL have entered into an Asset Purchase Agreement dated __, 2006; and
  
 WHEREAS, Advertiser wishes to purchase certain Advertising placements from AOL and pay AOL for
certain subscribers to advertiser’s online music subscription service;
  
 NOW,
THEREFORE, for good and valuable consideration Advertiser and AOL hereby agree to the following:
  
 Payment Schedule:
  
 Pursuant to this Insertion
Order Advertiser shall pay AOL a total payment of [***] Dollars ($[***]) (the “Purchase Price”), payable as follows: [***] Dollars ($[***]) payable to AOL within one (1) business day of the date of execution of this Insertion
Order and [***] Dollars ($[***]) on June 1, 2007.
  
 All amounts not paid when due
and payable will bear interest from the due date at the prime rate in effect at such time. All payments required hereunder shall be paid in immediately available, non-refundable U.S. funds wired to the “America Online” account, Account
Number [***]. In the event of any questions regarding a payment made (or expected to be made) by Advertiser to AOL. AOL may contact William Growney, General Counsel at 310-281-5000, 9044 Melrose Ave, Los Angeles, CA 90069. In the event of
nonpayment, AOL reserves the right to immediately terminate this AOL Advertising Insertion Order Agreement (the “Insertion Order”) with written notice to Advertiser, provided that such termination shall not excuse AOL from providing
impressions that have already been paid for by Advertiser.
  

  

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

					
	  	  	Advertising Purchase Summary
(See Detailed Carriage Plan on Exhibit A)	  	  
	  	  	Total Price	  	Total Impressions
	 AOL Integrated
Placements
	  	$[***]	  	[***]
	 Additional Placements
	  	$[***]	  	SEE EXHIBIT F

 1. Site and Products. The HTTP/URL address to be connected to the
Advertisement shall be: http://www.napster.com/aol (the “Advertiser Site”). The products and/or services to be offered or promoted by Advertiser in the Advertisements are as follows: Paid music subscription services designed to
provide consumers in the United States with unlimited, high fidelity, access to over 3,000,000 tracks. Subscribers receive unlimited access to CD-quality music on multiple computers and have access to over 50 interactive radio stations, extensive
community features, message boards, historical Billboard chart information and enhanced programming. In addition, subscribers can transfer an unlimited amount of music from Napster to their choice of compatible MP3 players for the entire term of
their subscription without having to purchase individual tracks and albums. In addition, all subscribers have access to community features, such as the ability to send song links to friends and subscribers can browse other subscribers’
published collections. In addition customers can purchase individual tracks or albums. These tracks can be “burned” to a CD or transferred to an MP3 player. Napster’s United States catalogue of available music covers all of the major
music companies, including EMI Recorded Music, Sony BMG, Universal Music Group and Warner Music Group, as well as numerous independent labels. (the “Advertiser Products”). The Carriage Plan for the agreed upon placements is attached hereto
on Exhibit A. The Launch Date will be the first business day following the Notice Period as such term is defined under the Asset Purchase Agreement or such earlier date as the co-branded landing page described in Section 4 below is first
commercially available to potential subscribers. 
  

	2.	Impressions Commitment. Any guarantees are to impressions (as measured by AOL in accordance with its standard methodologies and protocols), not
“click-throughs” or conversions. In the event there is (or will be in AOL’s reasonable judgment) a shortfall in impressions less than [***] percent ([***] %) of the Total Guaranteed Impressions as of the end of the display period as
set forth in Exhibit A (a “Shortfall”), such Shortfall shall not be considered a breach of this Insertion Order by AOL; instead, AOL will provide Advertiser, as its sole remedy, with additional or comparable (in value)
“makegood” impressions across the AOL Network up to [***] percent ([***] %) of the Total Guaranteed Impressions within three months of the end of the term. To the extent impressions commitments are identified without regard to specific
placements, such placements will be as mutually agreed upon by AOL and Advertiser during the course of the display period. AOL reserves the right to alter Advertiser flight dates to accommodate trafficking needs or other operational needs. In such
cases, AOL will make available to Advertiser reasonably equivalent flight(s). In the event that no makegood impressions are available, Advertiser shall be entitled to a pro rata refund of its fees for any underdelivery. 

  

	3.	Integration Assistance. Advertiser agrees to work in good faith with AOL to evaluate opportunities to integrate AIM and other AOL products and services that the
parties believe will improve the product experience for users of Advertiser’s service. The Parties agree to evaluate the screenname service within reason periodically after the execution date. If Advertiser decides to add third party instant
messaging functionality into the Advertiser Products, then Advertiser will provide AOL with the first opportunity to include AIM in the Advertiser Product. From time to time, AOL may elect in its reasonable discretion to provide additional
placements for Advertiser in prominent locations across the AOL Network. In addition, the parties will discuss additional co-marketing opportunities throughout the term of the Agreement that would mutually benefit both Parties.

  

	4.	Advertiser Artwork and URL. In the event that all necessary artwork and active URL’s are not provided to AOL in the manner specified at www.advisor.aol.com at least three (3) business days prior to the display start date (as set forth in Exhibit A), all
Impressions to the relevant advertising inventory from and after the display start date shall count toward the Total Impressions and Advertiser shall remain liable for all payments hereunder notwithstanding AOL’s inability to display the
Advertisement. Advertiser agrees to design a co-branded landing page similar to Advertiser’s standard, generally available landing page. Advertiser agrees to use such page unless Advertiser can demonstrate that such co-branded page is having a
negative impact on the rate at which users are registering for a free trial of the Advertiser’s Product. The parties shall enter into a Trademark License Agreement in the form attached to the Asset Purchase Agreement. 

 

	5.	Subscriber Bounty. Advertiser shall pay AOL, on a monthly basis (following the close of the month in which a trial subscription occurs), a fee of [***] Dollars
($[***]) (the “Subscription Bounty”) per every individual trial subscription (including any free trial subscriptions) over [***] ([***]) (the “Subscription Bounty Threshold”) received by Advertiser from AOL for
Advertiser’s online music subscription service during the Initial Term. The same Subscription Bounty Threshold would apply in the Renewal Term. For purposes of clarification, a subscription would be satisfied when a user signs up for a free
trial. Bounties acquired through the AOL Performance Network will count toward the Subscription Bounty Threshold as well as the renewal threshold of [***] per Section 7 below. 

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

	6.	Latency Conversion. Advertiser will also pay to AOL a Bounty for all Latency Conversions. A “Latency Conversion” shall mean the serving of a tracking
mechanism to an AOL User during a visit to the Advertiser Landing Page not initiated by clicking through an AOL Integrated Placement or Additional Placement (each a “Promotion”), where such visit occurred within a certain number of days
(the “Latency Window”) after such AOL User was exposed to a Promotion. Advertiser shall pay AOL a Bounty for One Hundred percent (100%) of the number of New Subscribers arising from Latency Conversions that occur within (i) seven
(7) days of initial clicking through an AOL Integrated Placement or (ii) thirty (30) days of initial clicking through an Additional Placement. Subject to AOL’s review and approval, the Parties shall agree on a tracking mechanism
sufficient to track the AOL Users who enter the Advertiser Landing Page to determine which have become New Subscribers. In the event that such tracking involves the use of cookies, Advertiser agrees to comply with the following
requirements. Advertiser will serve cookies on a non-personally identifiable basis on the Advertiser Landing Page (but not on the AOL Network, such as in any Promotion) to all visitors to the Advertiser Landing Page for the purpose of
compliance with this Agreement; provided that Advertiser and the Advertiser Landing Page shall at all times (i) comply with all applicable privacy and use of data laws, rules and regulations, and any applicable privacy policies, (ii) use
the data collected via the cookie to perform its obligations herein, for assigning customer-IDs in support of the Advertiser normal website operation, and for no other reason, (iii) not disclose such data to any third party, and
(iv) prominently post a privacy policy on the Advertiser Site providing adequate notice to visitors that such a cookie may be served and how such data may be used. Upon request from AOL, Advertiser shall cease to serve cookies; or, AOL
shall be entitled to immediately terminate this Insertion Order without penalty. Notwithstanding the foregoing, such use of “cookie” technology in the Promotions or the Advertiser Landing Page shall not include the following
activities: (i) the collection of AOL User navigational data, or the aggregation, co-mingling or any other combination of data for or about AOL Users with data from other sites for the purpose of building profiles of AOL Users (regardless
of whether such profiles were created outside of the AOL Network), or for use in online preference marketing to AOL Users; (ii) aggregation, use or disclosure of navigational data obtained through the use of such technology;
(iii) disclosure of or association with any personally identifiable information of an AOL User; (iv) use or conducting of survey-based research without the prior written approval of AOL; and (v) redirection of data or other
information. 

  

	7.	Term and Territory. Unless earlier terminated as set forth herein, the term of this agreement will be one year from the Launch Date (the “Initial
Term”). Subject to Section 15 below, the Initial Term will automatically extend for a period of one year (the “Renewal Term,” and together with the Initial Term, the “Term”) if Subscriber Bounty of
[***] is reached within the Initial Term. The Renewal Term, as applicable, shall be upon the same terms and conditions as set forth in this Insertion Order. Territory is the United States of America. 

  

	8.	Exclusivity. Excluding Apple’s iTunes , throughout the Term, Advertiser will be the exclusive integrated Advertiser providing an online music subscription service
within the AOL Music Channel located at www.music.aol.com (e.g. this does not include non-integrated banner
advertisements). 

  

	9.	AOL Reporting. AOL will track impressions in accordance with its standard methodologies. Notwithstanding any other provision on reporting in this Insertion Order, AOL
shall deliver to Advertiser a report on a monthly basis showing the number of Impressions (by Placement) delivered and the number of click-throughs achieved on a daily or weekly basis (within thirty (30) days following the end of the month
showing for such month the number of impressions by Placement) based on AOL’s standard methodologies. . 

  

	10.	Advertiser Reporting. Advertiser will provide AOL with a monthly written report within thirty (30) days following the end of the month showing for such month the
number of registrations of subscribers for Advertiser’s online music subscription service by specific Placement. Upon AOL’s request, Advertiser will provide AOL with reporting broken out on a daily or weekly basis with the above mentioned
details. 

  

	11.	Behavioral Targeting. Advertiser will assist AOL with Behavioral Targeting efforts on its landing page under the specifications outlined in Exhibit D herein.

  

	12.	Audit Rights. AOL will have the right, not more than once per 12-month period, upon at least ten (10) days prior written notice to Advertiser, to have a
nationally recognized independent accounting firm reasonably acceptable to Advertiser inspect Advertiser’s applicable records to confirm that the payments made pursuant to this Agreement are accurate, provided that such inspection will not
unreasonably interfere with the business operations of Partner, shall be at the physical offices of Advertiser or its agents, and shall be during normal business hours and subject to customary confidentiality obligations. Advertiser shall receive a
copy of such accounting firm’s report concurrently with AOL. AOL will bear the expense of any audit conducted pursuant to this Section 9 unless such audit shows an error in AOL’s favor amounting to a deficiency to AOL in excess of
[***] percent ([***]%) of the actual amounts paid and/or payable to AOL hereunder, in which event Advertiser will bear the reasonable expenses of the audit. Advertiser or AOL, as applicable, will pay the other the amount of any underpayment or
overpayment, as applicable, within fourteen (14) days following completion of any such audit. 

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

	13.	AOL Right to Redesign. AOL will be solely responsible for the design, organization, structure, specifications, look and feel, navigation and maintenance of the AOL
Network. AOL reserves the right, at anytime, to redesign or modify the organization, structure, specifications, “look and feel,” navigation, guidelines and other elements of the AOL Network. In the event such modifications materially and
adversely affect any specific Placement, or if AOL is unable to deliver any particular Placement for any other reason, AOL will provide Partner promotional placements comparable in value to that of the placement in the screenshots in Exhibit
E, and will work with Partner to determine such comparable placements. In the event that no promotional placements of comparable value are available, Advertiser shall be entitled to a pro rata refund of its fees for any underdelivery.

  

	14.	Change of Control. AOL, in its sole discretion, may terminate this Agreement within 30 days after Advertiser delivers notice of a change of control of Advertiser
involving any of the following AOL competitors: [***] (or any of their affiliates and/or subsidiaries). In the event that AOL exercises this termination right, AOL will be entitled to retain a pro rata portion of the fees for the placements for
three (3) months following AOL’s delivery of a termination notice, provided, however, that AOL will maintain the promotional links and placements until the earlier of (i) the end of the 90 day period following AOL’s delivery of
the termination notice or (ii) the date on which such change of control transaction closes. Further, if Napster is acquired by an entity not specifically named above, AOL will have the right to terminate this agreement at the end of the Initial
Term regardless of whether the Term would otherwise automatically renew. Lastly, if AOL is subject to a change of control, either party will have the right to terminate this agreement at the end of the Initial Term regardless of whether the Term
would otherwise automatically renew. 

  

	15.	Quality of Service/Best of Breed. Advertiser will continue to operate its online music distribution service in the ordinary course and consistent with
Advertisers’ past practices. Advertiser will not materially degrade the quality of such service, provided that the removal of any tier of service, the combination of multiple existing tiers or the removal or addition of one or more particular
features or functions will not constitute a degradation of service unless the overall service is materially degraded. In the event that this is not the case after the applicable period, AOL and Advertiser will meet and discuss remedies. If
after 30 days from such meeting the issues have not been addressed to AOL’s satisfaction in AOL’s sole discretion, then AOL will have a right to terminate the Agreement. In the event of any such termination AOL will refund to Advertiser
the pro-rata portion of payments attributable to the impressions not delivered. 

  

	16.	Miscellaneous. By entering into this agreement, the parties are not in any manner precluded from entering into any separate advertising agreements not related to this
Insertion Order. 

  

	17.	Standard Terms and Conditions. This Insertion Order incorporates by reference the additional terms and conditions set forth on any and all Exhibits attached hereto
(the “Additional Terms”). To the extent that there exist any inconsistencies between the terms in the IO and the terms and conditions in Exhibit C, the terms of the IO shall govern. 

  

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

 AUTHORIZED SIGNATURES 
 In order to bind the parties to this Insertion Order, their duly authorized representatives have signed their names below on the dates indicated. This Insertion Order (including the Additional Terms) shall be binding on both parties when
signed on behalf of each party and delivered to the other party (which delivery may be accomplished by facsimile transmission of the signature pages hereto). 
  

									
	AOL LLC	 	ADVERTISER
					
	By:	 	/s/ Tom Newman	 		 	By:	 	/s/ Laura B. Goldberg

									
					
	Print Name:	 	Tom Newman	 		 	Print Name:	 	 Laura B. Goldberg

									
					
	Title:	 	Senior Vice President, Network Development	 		 	Title:	 	 Chief Operating Officer

									
					
	Date:	 	1-11-07	 		 	Date:	 	 1/11/07

 ADDITIONAL TERMS: 
  

							
		 	Exhibit A    	  	    —    	  	    Carriage Plan
		 	Exhibit B    	  	    —    	  	    Additional Operational Terms
		 	Exhibit C    	  	    —    	  	    Standard Terms and Conditions
		 	Exhibit D    	  	    —    	  	    Behavioral Targeting

  

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

 EXHIBIT A 
 Carriage Plan 
  
  

													
	 CONTRACT
 INFORMATION
	 	  	  	  	  	SUMMARY	  	 	  	 	  	  
	Proposal Name:	  	Napster Integrated Music Campaign 2007	  	Total CPM Amount:	  	$[***]	  	Imps Purchased:	  	[***]
	Advertiser:	  	NAPSTER	  	Flat Fee Amount:	  	$[***]	  	Imps Based Blended CPM:	  	$[***]
	Proposal ID:	  	62651	  	Other/Offline Amount:	  	$[***]	  	All Prices Shown Are	  	[***]            
	Version #:	  	3	  	SubTotal:	  	$[***]	  	Agency Commission %:	  	[***]%
	 	 	 	  	  	  	Total Amount:	  	$[***]	  	Agency Commission:	  	$[***]

																			
	ID	  	Product/Package	  	Art Size	  	Start Date	  	End Date	  	Value Type    	  	Cost
Type    	  	Rate	  	Quantity	  	Total Cost
	22864  	  	 NAS-ENTERTAINMENT-Music-
 Custom-Napster - Music Main(Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	23082  	  	 NAS-ENTERTAINMENT-Music-
 Custom-Napster - Video Player (Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	23084  	  	 NAS-ENTERTAINMENT-Music-
 Custom-Napster - Artist Main (Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	23085  	  	 NAS-ENTERTAINMENT-Music-
 Custom-Napster -Ã,Â Album Detail
 Page(Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	23086  	  	 NAS-ENTERTAINMENT-Music-
 Custom-Napster -Commerce Drawer
 (Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	23087  	  	 NAS-ENTERTAINMENT-Music-
 Custom-Napster - CD Listening
 Party Page (Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	23088  	  	 NAS-ENTERTAINMENT-Franchise Top
 11 Show -Custom- Napster (Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	23089  	  	 NAS-ENTERTAINMENT-Radio &
 Podcasting -Custom-Napster (Text)
  
	  	Interstitial	  	01/01/07	  	12/31/07	  	Paid Media	  	CPM	  	$[***]	  	[***]	  	$[***]
	 	  	 	  	 	  	Totals:	  	 [***]
	  	$[***]

 In addition to the above, the parties agree that Exhibit F shall be incorporated herein by reference.

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

  
  
 EXHIBIT B 
 Additional Operational Terms 
 1.    Advertiser Site
Infrastructure. Advertiser will be responsible for all communications, hosting and connectivity costs and expenses associated with the Advertiser Site. Advertiser will provide all hardware, software, telecommunications lines and other
infrastructure necessary to meet traffic demands on the Advertiser Site from the AOL Network. Advertiser will design and implement the infrastructure and network between the AOL Service and Advertiser Site such that (i) no single component
failure will have a materially adverse impact on AOL Members seeking to reach the Advertiser Site from the AOL Network and (ii) sufficient bandwidth is maintained to handle sustained load and regular spikes in traffic. In the event that
Advertiser elects to create a custom version of the Advertiser Site in order to comply with the terms of this Insertion Order, Advertiser will bear responsibility for all aspects of the implementation, management and cost of such customized site.

 2.    Optimization; Speed. Advertiser will use commercially reasonable efforts to ensure that the Advertiser Site is designed
and populated in a manner that minimizes delays when AOL Members attempt to access such site. Prior to commercial launch of any material promotions described herein, Advertiser will permit AOL to conduct performance testing of the Advertiser Site
(in person or through remote communications). 
 3.    Security. Advertiser will utilize [***] to provide a secure environment for
conducting transactions and/or transferring private member information (e.g. credit card numbers, banking/financial information, and member address information) to and from the Advertiser Site. 
 4.    Technical Performance. 
 i.            Advertiser will design the Advertiser Site to support the AOL-client embedded versions of the Microsoft Internet Explorer 5.5X and 6.XX browsers [***]. 
 ii.            To the extent Advertiser creates customized pages on the Advertiser Site for AOL Members,
Advertiser will develop and employ a methodology to detect AOL Members ([***]).” 
 iii.          Advertiser will periodically review the technical information made available by AOL at http://webmaster.info.aol.com. 
 iv.          Advertiser acknowledges that AOL employs host and client-side caching technologies to improve end-user performance. Advertiser further acknowledges that these technologies
are controlled through the use of industry-standard HTTP version 1.0 and version 1.1 headers transmitted by the origin server which is under Advertiser’s control. Complete information about these protocols can be found in RFC 1945 and RFC
2616, and details about AOL’s implementation of those protocols can be found at http://webmaster.info.aol.com.

     v.
Prior to releasing material, new functionality or features through the Advertiser Site (“New Functionality”), Advertiser will use commercially reasonable efforts to (i) test the New Functionality to confirm its compatibility with AOL
Service client software and (ii) provide AOL with written notice of the New Functionality so that AOL can perform tests of the New Functionality to confirm its compatibility with the AOL Service client software. Should any new material, new
functionality or features through the Advertiser Site be released without notification to AOL, AOL will not be responsible for any adverse member experience until such time that compatibility tests can be performed and the new material,
functionality or features qualified for the AOL Service. 
 5.    AOL Internet Services Advertiser Support. AOL will provide
Advertiser with access to the standard online resources, standards and guidelines documentation, technical phone support, monitoring and after-hours assistance that AOL makes generally available to similarly situated web-based partners. AOL support
will not, in any case, be involved with content creation on behalf of Advertiser or support for any technologies, databases, software or other applications which are not supported by AOL or are related to any Advertiser area other than the
Advertiser Site. Support to be provided by AOL is contingent on Advertiser providing to AOL demo account information (where applicable), a detailed description of the Advertiser Site’s software, hardware and network architecture and access to
the Advertiser Site for purposes of such performance testing as AOL elects to conduct. 

  

 8 

	
	PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO
A REQUEST FOR CONFIDENTIAL TREATMENT.

  

 
EXHIBIT C 
 Standard Terms and
Conditions 
 [Note: Many deletions are due to inconsistency with 
 terms of insertion order] 
 1.      Display of
Advertising Material. Advertiser may not resell, trade, exchange, barter or broker to any third party any advertising space which is the subject of this Insertion Order. 
 2.      License. Advertiser agrees that AOL has the right to market, display, reproduce (including compression and temporary storage as necessary for the standard operation of the
AOL Network), distribute, perform, transmit and promote the Advertisements. 
 3.      Advertiser Content. The
Advertisements shall link only to the URL specified in the Insertion Order. Neither the Advertisements nor any materials or content on any interactive site linked to the Advertisements shall disparage AOL or promote any AOL Competitors listed in
Section 14 of this Agreement other than through the purchase by such AOL Competitors of banner advertisements on the Advertised Products in the ordinary course of Advertiser’s business. The Advertisements shall comply with AOL’s
privacy policies, terms of service, generally applicable advertising standards and practices, and all other standard, written policies for the applicable Designated Service(s), as such may be modified by AOL from time to time. Advertiser hereby
represents and warrants that (a) it possesses all authorizations, approvals, consents, licenses, permits, certificates or other rights and permissions necessary to offer, sell or license the products and services offered, sold or licensed by or
through the Advertisements, and (b) the Advertisements will not violate any applicable law, regulation or third-party right (including, without limitation, any copyright, trademark, patent or other proprietary right). Advertiser also warrants
that a reasonable basis exists for all product or service performance or comparison claims appearing through the Advertisements. In no event shall the Advertisements state or imply that AOL endorses Advertiser’s products or services. To the
extent AOL notifies Advertiser of reasonable complaints or concerns (e.g. from a user of the AOL Network (an “AOL User”)) regarding the Advertiser Content or any other content or materials linked thereto or associated therewith
(“Objectionable Content”), Advertiser shall, to the extent such Objectionable Content is within Advertiser’s control, use commercially reasonable efforts to respond in good faith to such complaints or concerns, provided there is no
obligation to remove any such Objectionable Content. Advertiser shall take 

 
all steps necessary to ensure that any contest, sweepstakes or similar promotion conducted or promoted through the Advertisements complies with all
applicable federal, state and local laws and regulations. 
 4.      Operations. Advertiser shall ensure that the
Advertisements and the Advertiser Content are in compliance with AOL’s then-current, generally applicable technical standards for the Designated Service(s). In the event that the Advertisements fails to comply with AOL’s generally
applicable technical standards for the Designated Service, AOL shall have the right to cease or decrease the placement of the Advertisements, and if Advertiser is unable to cure such non-compliance within five business days after notice from AOL,
AOL shall have the right to terminate this Insertion Order and refund to Advertiser fees paid to date on a prorata basis for any impressions that were not delivered. Additionally, AOL will be entitled to discontinue the Advertisements to the extent
such Advertisements or the Advertiser Content will, in AOL’s good faith judgment, adversely affect the operations of the AOL Network. 
 5.      Third-Party Ad Serving. In the event that Advertiser elects to serve the Advertisements through a third-party ad serving system, such election shall be subject to the following requirements:
(a) Advertiser shall elect solely from among the third parties which then appear on AOL’s approved third-party ad server list, (b) Advertiser shall comply with all reasonable requirements set by AOL for the use of a third-party ad
serving system, (c) Advertiser shall ensure that its chosen third-party ad server complies with all reasonable requirements set by AOL for the serving of Advertisements into the AOL Network, provided that failure of the third-party to comply
with AOL’s reasonable requirements shall not be deemed a breach of this Insertion Order by Advertiser so long as Advertiser ceases to use such third-party to serve the Advertisements immediately upon notice from AOL that such third-party is not
in compliance with AOL’s reasonable requirements, and (d) any traffic or impression reports provided to Advertiser by such third-party shall have no effect on AOL’s obligations under this Insertion Order (i.e., the impression reports
provided to Advertiser by AOL shall be the controlling reports for purposes of this Insertion Order).
 6.      Production
Work. Unless expressly provided for elsewhere in this Insertion Order, AOL shall have no obligation to provide any creative, design, technical or production services to Advertiser (“Services”). Delivery by AOL of any Services shall be
subject to (i) AOL’s availability to perform the requested work, (ii) execution by both parties of a separate work order specifically outlining the Services to be provided and the fees to 

  

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be paid by Advertiser for such Services and (iii) payment in advance by Advertiser of such fees. 
 7.      Customer Service; Taxes. Advertiser shall bear full responsibility for all customer service, including without limitation,
order processing, billing, fulfillment, shipment, collection, returns and chargebacks, and other customer support associated with any products or services offered, sold or licensed through the Advertisements, and AOL will have no obligations
whatsoever with respect thereto. Advertiser will collect and pay and indemnify and hold AOL harmless from, any sales, use, excise, import or export, value added or similar tax or duty arising from or related to the Advertisements, including any
penalties and interest, as well as any costs associated with the collection or withholding thereof, including attorneys fees. The foregoing provisions of this section shall survive the completion, expiration, termination or cancellation of this
Insertion Order. In the event that this Insertion Order identifies any of AOL’s “Shop@” areas (or similar or successor shopping areas) as a location where an Advertisement will be displayed, Advertiser shall comply with AOL’s
then-current merchant certification standards. 
 8.      Search Terms; Keywords; Navigation. To the extent Advertiser
is purchasing one or more Advertisements related to a “search” term(s), Advertiser represents and warrants that Advertiser has the legal rights necessary to utilize such search term in connection with the Advertisement(s). To the extent
Advertiser is purchasing a search term for a flat fee (rather than purchasing a quantity of impressions based on a CPM-based price), such flat fee entitles Advertiser to up to one thousand (1,000) impressions per month. If the relevant search
term generates more than 1,000 impressions in any month, AOL may sell the impressions in excess of 1,000 to another advertiser, or may provide Advertiser the opportunity to purchase some or all of the additional impressions for an additional fee.
Any “keyword” terms for navigation from within the proprietary America Online brand service or “go word” terms for navigation from within the proprietary CompuServe brand service (“AOL Keyword Terms”) (as contrasted to
“search” terms) which may be made available to Advertiser shall be (i) subject to availability and (ii) limited to the combination of the “keyword” or “go word” modifier combined with a registered trademark of
Advertiser. Advertiser shall promote any AOL Keyword Term provided to it at least as prominently as it promotes any other internet keyword, “real name” or other similar search term or address for the Advertiser Content other than the URL
for the Advertiser Content. AOL reserves the right to revoke at any time Advertiser’s use of any AOL Keyword Terms which do not incorporate registered trademarks of Advertiser. Advertiser 

 
acknowledges that its utilization of any AOL Keyword Term will not create in it, nor will it represent it has, any right, title or interest in or to such AOL
Keyword Term, other than the right, title and interest Advertiser holds in Advertiser’s registered trademark independent of the AOL Keyword Term. [Advertiser shall ensure that navigation back to the AOL Network from any Advertiser site, whether
through a particular pointer or link, the “back” button on an Internet browser, the closing of an active window, or any other return mechanism, shall not be interrupted by Advertiser through the use of any intermediate screen or other
device not specifically requested by the user, including without limitation through the use of any html pop-up window or any other similar device. LBG?] 
 9.      Payment; Suspension. Advertiser agrees to pay AOL for all advertising displayed in accordance with the agreed upon amounts and billing schedule shown on the Insertion Order. 
 10.    Limitation of Liability; Disclaimer; Indemnification. (A) SUBJECT TO SECTION 6 ABOVE AND SUBSECTION 9(D) BELOW, UNDER NO
CIRCUMSTANCES SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR EXEMPLARY DAMAGES (EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES), ARISING FROM ANY ASPECT OF THE RELATIONSHIP
PROVIDED FOR HEREIN. NEITHER PARTY SHALL IN ANY EVENT BE LIABLE TO THE OTHER PARTY UNDER THIS INSERTION ORDER FOR MORE THAN THE AMOUNT TO BE PAID BY ADVERTISER DURING THE YEAR IN WHICH THE LIABILITY ACCRUES. (B) AOL MAKES NO AND HEREBY
SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, REGARDING THE AOL NETWORK OR ANY PORTION THEREOF, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, IMPLIED WARRANTY OF
NON-INFRINGEMENT, AND IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE. WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, AOL SPECIFICALLY DISCLAIMS ANY WARRANTY REGARDING (I) THE NUMBER OF PERSONS WHO WILL ACCESS THE
ADVERTISER CONTENT OR “CLICK-THROUGH” THE ADVERTISEMENTS, (II) ANY BENEFIT ADVERTISER MIGHT OBTAIN FROM INCLUDING THE ADVERTISEMENTS WITHIN THE AOL NETWORK AND (III) THE FUNCTIONALITY, PERFORMANCE OR OPERATION OF THE AOL NETWORK WITH
RESPECT TO THE ADVERTISEMENTS. (C) ADVERTISER MAKES NO AND HEREBY SPECIFICALLY DISCLAIMS ANY REPRESENTATIONS OR WARRANTIES, EXPRESS OR 

  

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IMPLIED, REGARDING ITS GOODS OR SERVICES OR ADVERTISEMENTS OR ANY PORTION THEREOF, INCLUDING ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE, IMPLIED WARRANTY OF NON-INFRINGEMENT, AND IMPLIED WARRANTIES ARISING FROM COURSE OF DEALING OR COURSE OF PERFORMANCE. (D) Advertiser hereby agrees to indemnify, defend and hold harmless AOL and the officers, directors,
agents, affiliates, distributors, franchises and employees of AOL from and against all claims, actions, liabilities, losses, expenses, damages and costs (including, without limitation, reasonable attorneys’ fees) that may at any time be
incurred by any of them by reason of any claims, suits or proceedings: (a) for libel, defamation, violation of right of privacy or publicity, copyright infringement, trademark infringement or other infringement of any third-party right, fraud,
false advertising, misrepresentation, product liability or violation of any law, statute, ordinance, rule or regulation throughout the world in connection with the Advertisements; or (b) arising out of any material breach by Advertiser of any
duty, representation or warranty under this Insertion Order. AOL hereby agrees to indemnify, defend and hold harmless Advertiser and the officers, directors, agents, affiliates, distributors, franchises and employees of Advertiser from and against
all claims, actions, liabilities, losses, expenses, damages and costs (including, without limitation, reasonable attorneys’ fees) that may at any time be incurred by any of them by reason of any claims, suits or proceedings: (a) for libel,
defamation, violation of right of privacy or publicity, copyright infringement, trademark infringement or other infringement of any third-party right, fraud, false advertising, misrepresentation, product liability or violation of any law, statute,
ordinance, rule or regulation throughout the world in connection with the AOL Network; or (b) arising out of any material breach by AOL of any duty, representation or warranty under this Insertion Order. The indemnified party shall notify the
indemnifier of any claim, action or demand (an “Action”) for which indemnity is claimed. Indemnifier’s counsel defending such Action shall be subject to the indemnified party’s prior written approval. The indemnified party
reserves the right to participate in the defense of any Action at its own expense. Settlement of any Action shall be subject to the indemnified party’s prior written approval. This section shall survive the completion, expiration, termination
or cancellation of this Insertion Order. 
 11.    Solicitation. (a) Advertiser shall not send unsolicited, commercial email
or other online communication (i.e., “spam”) through or into the AOL Network, absent a prior business relationship with the recipient, and shall comply with any other standard AOL policies and limitations relating to distribution of

 
bulk email solicitations or communications through or into AOL’s products or services (including, without limitation, the requirement that Advertiser
provide a prominent and easy means for the recipient to “opt-out” of receiving any future commercial email communications from Advertiser). (b) Advertiser shall ensure that its collection, use and disclosure of information obtained
from AOL Users under this Insertion Order (“User Information”) complies with (i) all applicable laws and regulations and (ii) the then-current privacy policy(ies) of the applicable Designated Service(s) (or, in the case of
information collected on Advertiser’s site, Advertiser’s standard privacy policies so long as such policies are prominently published on the site and provide adequate notice, disclosure and choice to users regarding Advertiser’s
collection, use and disclosure of user information). Advertiser shall limit use of the User Information collected through an Information Request to the Specified Purpose. In the case of AOL Users who purchase products or services from Advertiser,
Advertiser will be entitled to incorporate such AOL Users into Advertiser’s aggregate lists of customers; provided that Advertiser shall in no way disclose User Information in a manner that identifies AOL Users as end-users of an AOL product or
service, provided that inclusion of AOL User email or IM addresses as part of an aggregate list shall not be deemed a breach of this provision. This section shall survive the completion, expiration, termination or cancellation of this Insertion
Order. 
 12.    Representations and Warranties. Each party to this Insertion Order represents and warrants to the other party
that: (i) such party has the full corporate right, power and authority to enter into this Insertion Order and to perform the acts required of it hereunder; and (ii) when executed and delivered by such party, this Insertion Order will
constitute the legal, valid and binding obligation of such party, enforceable against such party in accordance with its terms. 
 13.    Termination. Either party may terminate this Insertion Order at any time with written notice to the other party in the event of a material breach of this Insertion Order by the other party, which remains
uncured after thirty (30) days written notice thereof; provided that the cure period in connection with Advertiser’s failure to make any payment to AOL required in the Insertion Order shall be ten (10) days rather than thirty days.
AOL may terminate this Insertion Order immediately following written notice to Advertiser if Advertiser (1) ceases to do business in the normal course, (2) becomes or is declared insolvent or bankrupt, (3) is the subject of any
proceeding related to its liquidation or insolvency (whether voluntary or involuntary) which is not dismissed within ninety (90) calendar days or (4) makes an assignment for the benefit of creditors. In 

  

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the event of any termination AOL will refund to Advertiser the pro-rata portion of payments attributable to the impressions not delivered. 
 14.    Confidentiality. AOL and Advertiser each agrees that it will take reasonable steps, at least substantially equivalent to the steps it
takes to protect its own proprietary information, during the term of this Insertion Order, and for a period of three years following expiration or termination of this Insertion Order, to prevent the duplication or disclosure of Confidential
Information of the other party other than by or to its employees or agents who must have access to such Confidential Information to perform such party’s obligations hereunder, which employees or agents are subject to strict confidentiality
obligations. Notwithstanding the foregoing, either party may disclose Confidential Information without the consent of the other party, to the extent such disclosure is required by law, rule, regulation or government or court order. In such event,
the disclosing party shall provide at least five (5) business days prior written notice of such proposed disclosure to the other party and shall submit a request to the applicable governing body that this Insertion Order (or portions thereof)
receive confidential treatment to the fullest extent permitted under applicable laws, rules and regulations. “Confidential Information” shall mean any information relating to or disclosed in the course of this Insertion Order, which is or
should be reasonably understood to be confidential or proprietary to the disclosing party, including, but not limited to, the material terms of this Insertion Order and information about AOL Users. “Confidential Information” shall not
include information (a) already lawfully known to or independently developed by the receiving party, (b) disclosed in published materials, (c) generally known to the public, or (d) lawfully obtained from any third-party. Upon the
expiration or termination of this Insertion Order, each party will, upon the written request of the other party, return or destroy (at the option of the party receiving the request) all Confidential Information specified by the other party. This
section shall survive the completion, expiration, termination or cancellation of this Insertion Order for the three year period specified herein. 
 15.    Miscellaneous. The parties to this Insertion Order are independent contractors. Neither party is an agent, representative or partner of the other party. Neither party shall have any right, power or
authority to enter into any agreement for or on behalf of, or incur any obligation or liability of, or to otherwise bind, the other party. The failure of either party to insist upon or enforce strict performance by the other party of any provision
of this Insertion Order or to exercise any right under this Insertion Order shall not be construed as a waiver or relinquishment to any extent of such party’s right to assert or 

 
rely upon any such provision or right in that or any other instance. Except where otherwise specified herein, the rights and remedies granted to a party
under this Insertion Order are cumulative and in addition to, and not in lieu of, any other rights or remedies which the party may possess at law or in equity. Neither party will be liable for, or be considered in breach of or default under this
Insertion Order on account of any delay or failure to perform as required by this Insertion Order as a result of any causes or conditions which are beyond such party’s reasonable control and which such party is unable to overcome by the
exercise of reasonable diligence. Advertiser shall not use, display or modify AOL’s trademarks in any manner absent AOL’s express prior written approval. This Insertion Order sets forth the entire agreement between Advertiser and AOL, and
supersedes any and all prior agreements of AOL or Advertiser with respect to the transactions set forth herein. No change, amendment or modification of any provision of this Insertion Order shall be valid unless set forth in a written instrument
signed by the party subject to enforcement of such amendment. Neither party shall assign this Insertion Order or any right, interest or benefit under this Insertion Order without the prior written consent of the other party except in connection with
a change of control of such assignor. Subject to the foregoing, this Insertion Order shall be fully binding upon, inure to the benefit of and be enforceable by the parties hereto and their respective successors and assigns. In the event that any
provision of this Insertion Order is held invalid by a court with jurisdiction over the parties to this Insertion Order, (i) such provision shall be deemed to be restated to reflect as nearly as possible the original intentions of the parties
in accordance with applicable law and (ii) the remaining terms, provisions, covenants and restrictions of this Insertion Order shall remain in full force and effect. This Insertion Order may be executed in counterparts, each of which shall be
deemed an original and all of which together shall constitute one and the same document. This Insertion Order shall be interpreted, construed and enforced in all respects in accordance with the laws of the Commonwealth of Virginia, except for its
conflicts of laws principles. Advertiser hereby irrevocably consents to the jurisdiction of the courts of the Commonwealth of Virginia and the federal courts situated in the Commonwealth of Virginia in connection with any action arising under this
Insertion Order. Any notice or other communication under this Insertion Order will be given in writing and will be deemed to have been delivered and given for all purposes (i) on the delivery date if delivered by confirmed facsimile or in
person to the party to whom the same is directed, (ii) one business day after deposit with a commercial overnight carrier, with written verification of receipt; or (iii) five business days after the mailing date, whether or not actually
received, if sent by U.S. mail, return receipt requested, postage and charges prepaid, or any other means of rapid mail delivery for which a receipt is available. Each party shall take such action (including, but not limited to, the execution,
acknowledgment and delivery of documents) as may reasonably be requested by any other party for the implementation or continuing performance of this Insertion Order. 

  
  

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 EXHIBIT D 
 Behavioral Targeting Specifications 
 (a)    Tracking. Advertiser shall accurately
track user registrations generated within thirty (30) days of distribution of an applicable promotion on the AOL Network. Advertiser shall ensure that such tracking also accurately generates the following information about each new registrant:
registration, and conversion to trial subscriptions. Advertiser shall deliver to AOL all information generated by such tracking on a monthly basis in an aggregated form.  
 (b)    Web Beacons. Advertiser understands and agrees that AOL may use cookies, web beacons, pixels, and/or other technologies (collectively, the “Web Beacons”)
on the Advertiser sites to collect non-personally identifiable information in connection with this Agreement (the “Non-PII”) including but not limited to (i) for general reporting purposes, including the compilation of statistics,
such as the total number of ads delivered, that may be provided to existing and potential customers; (ii) for scheduling and optimization of programming, promotions, and other activities associated with this Agreement, (iii) for tracking
of user registration, geographic, behavioral, demographic, transactional, and other derived data, and (iv) if required by court order, law, or governmental agency. The Non-PII may include, without limitation, information such as web pages
viewed by a user, date and time, domain type, and responses by a user to an advertisement, and any other data that Advertiser may pass to AOL (i.e., transaction identification information, transaction revenue estimates and information, and other
reasonable information available to Advertiser. 
 (c)    Data Rights & Ownership. AOL owns all right, title,
and interest in and to any data collected from the Web Beacons and all proprietary rights therein. Advertiser agrees that AOL will have the right to use and segment such data in its sole discretion for all purposes relating to its business
including, without limitation, for purposes of providing general client and industry reporting and advertisement scheduling, targeting, and delivery optimization across the AOL Network and any other advertising inventory available to AOL. In
addition, AOL will have the right to use and disclose non-PII for purposes including but not limited to: (i) for general reporting purposes, including the compilation of statistics, such as the total number of ads delivered, that may be
provided to existing and potential customers; (ii) for scheduling and optimization of programming, promotions, and other activities associated with this Agreement, (iii) for tracking of user registration, geographic, behavioral,
demographic, transactional, and other derived data, and (iv) if required by court order, law, or governmental agency. 
 (d)    Web Beacon Placement. Advertiser will place one or more Web Beacons on the landing page of the Advertiser Site in accordance with the specifications provided by AOL. Advertiser agrees that
it will be solely responsible for insuring proper functioning and placement of such Web Beacons. 
 (e)    Privacy. Advertiser represents and warrants that it will provide notice for, and fully disclose, its privacy policies and practices to users of its website(s), and any other policies and
practices with respect to the collection of information on users of its website(s). 
 (f)    Omniture. Advertiser shall
integrate Omniture tracking for the Customized Site in accordance with AOL’s reasonable specifications. 
  

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 EXHIBIT E 
 SCREENSHOTS 
  

 14 

 Channel Level Promotions 

  
	 

 Contextual
 Music
 –
 AOL Music Main
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 AOL Music CD Listening Party
 Link will be added 
 next to Buy the CD 
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 AOL Video Player
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 AOL Artist Main
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 AOL Album Detail Page
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 AOL Top 11 Countdown Show
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 Commerce Drawer on AOL Artist Main
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 Commerce Drawer on AOL Discography
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 Commerce Drawer on AOL Song Search
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 Commerce Drawer on Songs & Samples
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 Commerce Drawer on Songs/ Videos
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

  
	 

 Contextual
 Music
 –
 AOL Radio
 PORTIONS DENOTED WITH [***] HAVE BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE 
 COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. 

	
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A REQUEST FOR CONFIDENTIAL TREATMENT.

  

 EXHIBIT F 
  

	
	  
 AOL PERFORMANCE NETWORK PROMOTIONS
  

 

 
  

	1.	Site and Products. The HTTP/URL address to be connected to the promotions provided in connection with this Insertion Order (“Performance Promotions”)
shall be a version of the site located at www.napster.com and any related web pages or pages linked thereto (e.g., splash pages or ordering/registration pages), customized if and to the extent necessary to comply with the applicable
requirements herein (the “Advertiser Site”). The only products and/or services that may be offered or promoted by Advertiser in the Performance Promotions or on the Advertiser Site are the Advertiser Products. The Advertiser Site
shall not promote the products or services of any third party (or any products or services other than the Advertiser Products) without AOL’s written consent (including indirectly via any pop-up, pop-under, etc.). For the purposes of this
Agreement Performance Promotions shall be considered Advertisements. 

  

	2.	Optimization Technology. AOL may, through its affiliate, Advertising.com, or designated third party vendor, serve the Performance Promotions, and track related
click-through and conversion metrics (where applicable), utilizing certain inventory optimization technology (the “Optimization Technology”). Prior to launch of any Performance Promotions, Advertiser will take all actions necessary
to enable AOL, Advertising.com, or AOL’s designated third party vendor, to track click-throughs, including delivering unique Advertiser Site URLs as requested by AOL. 

  

	 	a.	Tracking Tags. During the Term, Advertiser agrees to place on mutually agreed upon page(s) of the Advertiser Site a pixel tracking tag as necessary for tracking and
reporting through the Optimization Technology (the “Tracking Tag”). Unless otherwise approved by AOL, the page(s) containing the Tracking Tag shall be accessible to any visitor to the Advertiser Site (regardless of whether such visitor
linked to the Advertiser Site from the AOL Network). Advertiser agrees to disclose within its standard privacy policy (in a clear and conspicuous manner) the data use and collection practices related to the Tracking Tag on the Advertiser Site.

  

	 	b.	Web Beacon Placement. Advertiser agrees that Advertiser shall be solely responsible for insuring proper placement of the Web Beacons on Advertiser’s web site,
including making sure that the Web Beacons only track the Actions to which Advertiser’s campaign relates. In the event that Advertiser improperly places the Web Beacons on Advertiser’s web site, resulting in, among other things, AOL or
it’s affiliate, Ad.com trafficking Advertiser’s campaign based on misleading campaign performance results, the parties agree that Advertiser shall pay AOL based on AOL’s reasonable estimation of Actions delivered, as determined in
AOL’s sole discretion. Advertiser further understands that maintaining Advertiser’s web site on which the Web Beacons are placed in good working order during the term of the Agreement is critical to the success of Advertiser’s
campaign. Accordingly, in the event that Advertiser’s web site on which the Web Beacons are placed fails to operate in good working order (i.e., goes down) at any time during the term of the Agreement, Advertiser shall notify AOL that
Advertiser’s web site has gone down within three (3) hours of Advertiser’s web site going down. If Advertiser fails to provide AOL with notification as required above, the parties agree that AOL may bill Advertiser based on
AOL’s reasonable estimation of Actions, as determined in AOL’s sole discretion, that would have been delivered during the period that Advertiser’s web site was not functioning. 

  

	 	c.	Conversion Criteria. In addition, in the event that Advertiser is paying AOL a Bounty for any conversion metrics other than click-throughs, then the following shall
apply: A “Conversion” shall equal all View-Based Conversions subject to the Conversion Criteria, and all Click-Based Conversions subject to the Conversion Criteria. 

  

	 	•	 	 A “View-Based Conversion” shall mean the serving of a Tracking Tag to an AOL User during a visit to the Advertiser Site not initiated by clicking
through an Advertisement, where such visit occurred within a certain number of days (the “View-Based Latency Window”) after such AOL User was exposed to an Advertisement. 

  

	 	•	 	 A “Click-Based Conversion” shall mean the serving of a Tracking Tag to an AOL User during a visit to the Advertiser Site, where such visit occurred
within a certain number of days (the “Click-Based Latency Window”) after such AOL User had clicked on an Advertisement (but had not triggered an Instant Conversion). Advertiser shall pay AOL a Bounty for One Hundred percent
(100%) of the number of Leads arising from Click-based Conversions that occur with thirty (30) days of initial 

  

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exposure to an Advertisement. Such percentage and number of days may be adjusted pursuant to the terms of this agreement. 
  

	 	•	 	 Subsequent changes to the Conversion Criteria may be made pursuant to Section 3(b) below. 

  

	3.	Economics. 

  

	a.	Bounty. Advertiser shall pay to AOL a $[***] CPA bounty (“Bounty”) for Advertisements in the AOL Performance Network up to a maximum aggregate of [***] dollars
($[***]) (“Performance Cap”). CPA shall mean when a user clicks through the Performance Promotions served by AOL and downloads the Napster software for a free trial. Bounties acquired through the AOL Performance Network will count toward
both the [***] threshold in Section 5 of the Agreement and the [***] threshold in Section 7 of the Agreement. 

  

	b.	Guarantee. The spend commitment of [***] Dollars ($[***]) hereunder is a guaranteed, non-refundable amount. In the event that the Performance Promotions are terminated
by either party or either Party reasonably believes that the Performance Cap will not be met during the Initial Term of the Agreement, then the balance of the Performance Cap that is not used will be reapplied toward the following AOL Network
Advertisements and shall not be refunded: 

 High Reach Social Network AOL 728x90 (RM) —$[***] CPM or

 Such other advertisements as are mutually agreed to by the parties. 
  

	4.	Promotions. Notwithstanding anything to the contrary, any Performance Promotions shall be at AOL’s sole discretion; AOL does not guarantee any specific minimum
level (e.g., number or location) of placements, impressions, click-throughs, or any other promotions or metrics; and AOL may cease the serving of Performance Promotions at any time. In the event of a conflict between the Insertion Order and this
Exhibit then the terms of this Exhibit shall govern. 

  

 16Executive Employment Agreement/Bogan

 Exhibit 10.1 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 THIS EXECUTIVE EMPLOYMENT AGREEMENT (the
“Agreement”), is entered into as of the 31st day of May, 2007, by and between AMERIS BANCORP, a Georgia corporation (“Employer”), and MARC J. BOGAN, an individual resident of the State of South Carolina
(“Executive”). 
 W I T N E S S E T H: 
 WHEREAS, Employer wishes to employ Executive as its Regional Executive for the Coastal Region of South Carolina, and Executive wishes to serve in such position, on the terms and conditions set forth herein;

 WHEREAS, Executive desires to be assured of a secure minimum compensation from Employer for his services over a defined term;

 WHEREAS, Employer desires to assure the continued services of Executive on behalf of Employer on an objective and impartial basis
and without distraction or conflict of interest in the event of an attempt by any person or entity to obtain control of Employer; 
 WHEREAS, Employer desires to provide fair and reasonable benefits to Executive on the terms and subject to the conditions set forth in this Agreement; and 
 WHEREAS, Employer desires reasonable protection of its confidential business and customer information which it has developed over the years at substantial expense and assurance that Executive will not compete
with Employer for a reasonable period of time after termination of his employment with Employer, except as otherwise provided herein; 
 NOW, THEREFORE, in consideration of these premises, the mutual covenants and undertakings herein contained, Employer and Executive, each intending to be legally bound, covenant and agree as follows: 
 1. Employment. Upon the terms and subject to the conditions set forth in this Agreement, Employer employs Executive as its Regional
Executive for the Coastal Region of South Carolina, and Executive hereby accepts such employment. 
 2. Position and Duties.
Executive agrees to serve as the Regional Executive for the Coastal Region of South Carolina of Employer as set forth in Section 1 hereof and to perform such duties as may reasonably be assigned to him by the Board of Directors (the
“Board”) or the Chief Executive Officer of Employer; provided, however, that such duties shall be of the same character as those generally associated with the office held by Executive. Employee shall be based, and shall
perform his duties, at Employer’s regional executive office for South Carolina, which will be located in Charleston, South Carolina, and Employer shall not, without the written consent of Executive, relocate or transfer Executive to a location
other than its South Carolina regional executive office. During the Term (as hereinafter defined) of this Agreement, Executive agrees that he will serve Employer faithfully and to the best of his ability and that he will devote his full business
time, attention and skills to Employer’s business; provided, however, that the 

 
foregoing shall not be deemed to restrict Executive from devoting a reasonable amount of time and attention to the management of his personal affairs and
investments, so long as such activities do not interfere with the responsible performance of Executive’s duties hereunder; and provided further, however, that Executive may serve as a director or officer of any charitable,
religious, civic, educational, or trade organizations to the extent that such activities, individually or in the aggregate, do not interfere with the performance of Executive’s duties and responsibilities under this Agreement. 
 3. Term. This Agreement shall commence as of May 31, 2007 (the “Effective Date”) and shall continue in effect until
May 31, 2008 (such period, the “Term”); provided, however, that commencing on May 31, 2008, and on each May 31st thereafter, the Term shall automatically be extended for one (1) year unless either the
Company or the Executive shall have given written notice to the other at least ninety (90) days prior thereto that the Term shall not be so extended. Notwithstanding the foregoing, this Agreement may be earlier terminated by Employer or
Executive in accordance with the terms of Section 8 hereof; provided, however, that, notwithstanding any notice by Employer not to extend, the Term shall not expire prior to the expiration of twelve (12) months after the
occurrence of a Change of Control (as defined in Subsection 23(B) hereof). 
 4. Compensation. 
 (A) Executive shall receive an annual salary of One Hundred Sixty-Five Thousand and no/100 Dollars ($165,000.00) (“Base Compensation”) payable
at regular intervals in accordance with Employer’s normal payroll practices now or hereafter in effect. Employer may consider and declare from time to time increases in the salary it pays Executive and thereby increase the Base Compensation.
Any and all increases in Executive’s salary pursuant to this Section 4(A) shall cause the level of Base Compensation to be increased by the amount of each such increase for purposes of this Agreement. The increased level of Base
Compensation as provided in this Section 4(A) shall become the level of Base Compensation for the remainder of the Term until there is a further increase in Base Compensation as provided herein. 
 (B) In addition to his Base Compensation, Executive shall be awarded, during each calendar year during the Term hereof, an annual bonus (an “Annual
Bonus”) either pursuant to a bonus or incentive plan of Employer or otherwise on terms no less favorable than those awarded to other executive officers of Employer. 
 5. Other Benefits. So long as Executive is employed by Employer pursuant to this Agreement, he shall be included as a participant in all present and future employee benefit, retirement and compensation
plans of Employer generally available to its employees, consistent with his Base Compensation and his position with Employer, including, without limitation, Employer’s 401(k) Profit Sharing Plan, and Executive and his dependents shall be
included in Employer’s hospitalization, major medical, disability and group life insurance plans. Executive acknowledges that, notwithstanding any of the provisions of this Agreement, any of Employer’s benefit plans and programs may be
modified from time to time and that Employer is not required to continue any plan or program currently in effect or adopted hereafter; provided, however, that each of the above benefits shall continue in effect on terms no less
favorable than those for other executive officers of Employer (as permitted by law) during the Term hereof. 
  

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 6. Expenses. So long as Executive is employed by Employer pursuant to this Agreement,
Executive shall receive reimbursement from Employer for all reasonable business expenses incurred in the course of his employment by Employer upon proper submission to Employer of written vouchers and statements for reimbursement. In addition,
Employer shall (A) provide to Executive an automobile allowance or an automobile (and pay for all costs associated therewith) during the Term hereof, and (B) reimburse Executive for all mileage driven by Executive in his personal
automobile in connection with his duties hereunder in accordance with Employer’s mileage reimbursement policy as in effect from time to time. Employer shall also use its reasonable best efforts to provide to Executive a country club membership
for business and personal use and shall pay for all initiation fees and monthly dues related thereto for business purposes; provided, however, that, if such membership is not already owned by Executive as of the date hereof, then such
membership shall be and remain the sole property of Employer. 
 7. Vacation. Executive shall be entitled to four
(4) weeks paid vacation during each calendar year of Executive’s employment hereunder. 
 8. Termination. Subject to
the respective continuing obligations of the parties hereto, including, without limitation, those set forth in Subsections 10(A), 10(B), 10(C) and 10(D) hereof, Executive’s employment by Employer hereunder may be terminated prior to the
expiration of the Term hereof as follows: 
 (A) Employer, by action of the Board and upon written notice to Executive, may terminate
Executive’s employment with Employer immediately for cause. For purposes of this Subsection 8(A), “cause” for termination of Executive’s employment shall exist (a) if Executive is convicted of (from which no appeal may be
taken), or pleads guilty or nolo contendere to, any act of fraud, misappropriation or embezzlement, or any felony, (b) if, in the determination of the Board, Executive has engaged in gross or willful misconduct materially damaging to the
business of Employer (it being understood, however, that neither conduct pursuant to Executive’s exercise of his good faith business judgment nor unintentional physical damage to any property of Employer by Executive shall be a ground for such
a determination by the Board), or (c) if Executive has failed, without reasonable cause, to follow reasonable written instructions of the Board consistent with Executive’s position with Employer and, after written notice from the Board of
such failure, Executive at any time thereafter again so fails. 
 (B) Executive, upon sixty (60) days written notice to Employer, may
terminate his employment with Employer for good reason, unless the grounds for such termination shall have been cured by Employer within thirty (30) days after receipt of Executive’s written notice of termination describing specifically
the particular circumstance he believes constituted grounds for a termination for good reason and requesting cure. For purposes of this Subsection 8(B), “good reason” for termination shall mean a good faith determination by Executive that
any one or more of the following events has occurred, without Executive’s express written consent: 
 (1) after a Change
of Control, a change in Executive’s reporting responsibilities, titles or offices as in effect immediately prior to the Change of Control, or any removal of Executive from, or any failure to re-elect Executive to, any of 

  

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Executive’s positions that he held immediately prior to the Change of Control, which has the effect of diminishing Executive’s responsibility or
authority; 
 (2) after a Change of Control, a reduction by Employer in Executive’s Base Compensation as in effect
immediately prior to the Change of Control or as the same may be increased from time to time or a change in the eligibility requirements or performance criteria under any bonus, incentive or compensation plan, program or arrangement under which
Executive is covered immediately prior to the Change of Control which adversely affects Executive; 
 (3) at the time of a
Change of Control, Employer requires Executive to be based anywhere other than within a fifty (50) mile radius of Employer’s regional executive office in Charleston, South Carolina; 
 (4) after a Change of Control and without replacement by a plan providing benefits to Executive substantially equal to or greater than
those discontinued, the failure by Employer to continue in effect, within its maximum stated term, any pension, bonus, incentive, stock ownership, purchase, option, life insurance, health, accident, disability, or any other employee benefit plan,
program or arrangement in which Executive is participating at the time of the Change of Control, or the taking of any action by Employer after a Change of Control that would adversely affect Executive’s participation or materially reduce
Executive’s benefits under any of such plans; 
 (5) after a Change of Control, the taking of any action by Employer that
would materially adversely affect the physical conditions existing at the time of the Change of Control in or under which Executive performs his employment duties, provided that Employer may take action with respect to such conditions after a
Change of Control so long as such conditions are at least commensurate with the conditions in or under which an officer of Executive’s status would customarily perform his employment duties; or 
 (6) after a Change of Control, a material change in the fundamental business philosophy, direction and precepts of Employer and its
subsidiaries, considered as a whole, as the same existed prior to the Change of Control. 
 Any event described in Subsection 8(B)(1) through (6) hereof
which occurs prior to a Change of Control but which Executive reasonably demonstrates (x) was at the request of a third party who has indicated an intention, or taken steps reasonably calculated, to effect a Change of Control or
(y) otherwise arose in connection with, or in anticipation of, a Change of Control which actually occurs, shall constitute good reason for purposes hereof, notwithstanding that it occurred prior to a Change of Control. 
 (C) Executive, upon ninety (90) days written notice to Employer, may terminate his employment with Employer without good reason. 
 (D) Employer, upon ninety (90) days written notice to Executive, may terminate Executive’s employment with Employer without cause. 

 

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 (E) Executive’s employment with Employer shall terminate in the event of Executive’s death or
disability. For purposes of this Agreement, “disability” shall be defined as Executive’s inability by reason of illness or other physical or mental incapacity to perform the duties required by his employment for any consecutive one
hundred eighty (180) day period. 
 9. Compensation Upon Termination. In the event of termination of Executive’s
employment with Employer pursuant to Section 8 hereof, compensation shall continue to be paid by Employer to Executive as follows: 
 (A)
In the event of a termination pursuant to Subsection 8(A) or Subsection 8(C) hereof, compensation provided for herein (including, without limitation, Base Compensation and an Annual Bonus) shall continue to be paid, and Executive shall continue to
participate in the employee benefit, retirement, compensation plans and other perquisites as provided in Section 5 hereof, through and including the Date of Termination (as hereinafter defined) specified in the Notice of Termination (as
hereinafter defined). Any benefits payable under insurance, health, retirement and bonus plans as a result of Executive’s participation in such plans through the Date of Termination specified in the Notice of Termination shall be paid when due
under such plans. 
 (B) In the event of a termination pursuant to Subsection 8(B) or Subsection 8(D) hereof, compensation provided for
herein (including, without limitation, Base Compensation and an Annual Bonus) shall continue to be paid, and Executive shall continue to participate in the employee benefit, retirement, compensation plans and other perquisites as provided in
Section 5 hereof, through the Date of Termination specified in the Notice of Termination, and any benefits payable under insurance, health, retirement and bonus plans as a result of Executive’s participation in such plans through the Date
of Termination specified in the Notice of Termination shall be paid when due under such plans. In addition, if the event of termination pursuant to Subsection 8(B) hereof occurs within twelve (12) months after the date of a Change of Control,
then, subject to the terms of Section 12 hereof, (1) Executive shall be entitled to continue to receive from Employer for one (1) additional 12-month period his Base Compensation at the rates in effect at the time of termination plus
an Annual Bonus in accordance with the Company’s Incentive Plan as of the date of the event of termination, payable in accordance with Employer’s standard payment practices then existing; (2) Executive shall be entitled to continue to
participate for one (1) additional 12-month period in each employee welfare benefit plan (as such term is defined in the Employment Retirement Income Security Act of 1974, as amended) in which Executive was entitled to participate immediately
prior to the date of his termination, unless an essentially equivalent and no less favorable benefit is provided by a subsequent employer of Executive, provided that if the terms of any such employee welfare benefit plan or applicable laws do
not permit continued participation by Executive, Employer will arrange to provide to Executive a benefit substantially similar to, and no less favorable than, the benefit he was entitled to receive under such plan at the end of the period of
coverage; and (3) Employer shall contribute the maximum contributions allowable under Employer’s 401(k) Profit Sharing Plan, or any successor plans thereto, for the benefit of Executive. 
 (C) In the event of a termination pursuant to Subsection 8(E) hereof, compensation provided for herein (including, without limitation, Base Compensation
and an Annual Bonus) shall continue to be paid, and Executive shall continue to participate in the employee benefit, 

  

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retirement, and compensation plans and other perquisites as provided in Section 5 hereof, (1) in the event of Executive’s death, through the
date of death, or (2) in the event of Executive’s disability, through the Date of Termination specified in the Notice of Termination. Any benefits payable under insurance, health, retirement and bonus plans as a result of Executive’s
participation in such plans through the date of death or the Date of Termination specified in the Notice of Termination, as the case may be, shall be paid when due under those plans. 
 (D) Employer will permit Executive or his personal representative(s) or heirs, during a period of ninety (90) days following the Date of Termination
of Executive’s employment by Employer (as specified in the Notice of Termination) for the reasons set forth in Subsection 8(B) or Subsection 8(D) hereof, to purchase all of the stock of Employer that would be issuable under all outstanding
stock options, if any, previously granted by Employer to Executive under any Employer stock option plan then in effect, whether or not such options are then exercisable, at a cash purchase price equal to the purchase price as set forth in such
outstanding stock options. 
 10. Restrictive Covenants. 
 (A) Executive acknowledges that (1) Employer has separately bargained and paid additional consideration for the restrictive covenants herein; and
(2) Employer will provide certain benefits to Executive hereunder in reliance on such covenants in view of the unique and essential nature of the services Executive will perform on behalf of Employer and the irreparable injury that would befall
Employer should Executive breach such covenants. 
 (B) Executive further acknowledges that his services are of a special, unique and
extraordinary character and that his position with Employer will place him in a position of confidence and trust with employees of Employer and its subsidiaries and affiliates and with Employer’s other constituencies and will allow him access
to trade secrets and confidential information concerning Employer and its subsidiaries and affiliates. 
 (C) Executive further acknowledges
that the type and periods of restrictions imposed by the covenants in this Section 10 are fair and reasonable and that such restrictions will not prevent Executive from earning a livelihood. 
 (D) Having acknowledged the foregoing, Executive covenants and agrees with Employer as follows: 
 (1) For a period of one (1) year after the termination of Executive’s employment by Employer for any reason or for no reason,
Executive shall not divulge or furnish any confidential information of Employer acquired by him while employed by Employer to any person, firm or corporation, other than to Employer or upon its written request, or use any such confidential
information (which shall at all times remain the property of Employer) directly or indirectly for Executive’ own benefit or for the benefit of any person, firm or corporation other than Employer. For purposes hereof, the term “confidential
information” means data and information relating to the Banking Business (as hereinafter defined) which is or has been disclosed to Executive or of which Executive became aware as a consequence of or through Executive’s relationship to
Employer and which has value to Employer and is not generally known to its 

  

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competitors. Without limiting the foregoing, “confidential information” shall include: (a) all items of information that could be classified
as a trade secret under the South Carolina Trade Secrets Act; (b) the names, addresses and banking requirements of the customers of Employer or its subsidiaries and the nature and amount of business done with such customers; (c) the names
and addresses of employees and other business contacts of Employer or its subsidiaries; (d) the particular names, methods and procedures utilized by Employer or its subsidiaries in the conduct and advertising of their business;
(e) application, operating system, communication and other computer software and derivatives thereof, including, without limitation, sources and object codes, flow charts, coding sheets, routines, subrouting and related documentation and
manuals of Employer or its subsidiaries; and (f) marketing techniques, purchasing information, pricing policies, loan policies, quoting procedures, financial information, customer data and other materials or information relating to
Employer’s or its subsidiaries’ manner of doing business. Confidential information shall not include any data or information that has been voluntarily disclosed to the public by Employer (except where such public disclosure has been made
by Executive without authorization) or that has been independently developed and disclosed by others, or that otherwise enters the public domain through lawful means. 
 (2) While Executive is employed by Employer and for a period of one (1) year after termination of Executive’s employment
pursuant to Subsection 8(A), 8(C) or 8(E) hereof, Executive shall not (except on behalf of or with the prior written consent of Employer), on Executive’s own behalf or in the service or on behalf of others, solicit, divert or appropriate, or
attempt to solicit, divert or appropriate, directly or by assisting others, any Banking Business from any of the customers of Employer or its subsidiaries, including actively sought prospective customers, with whom Executive has or had material
contact during the last year of Executive’s employment, for purposes of providing products or services that are competitive with those provided by Employer or its subsidiaries. The term “Banking Business” shall mean the business
conducted by Employer and its subsidiaries, which is the business of banking, including the solicitation of time and demand deposits and the making of residential, consumer, commercial and corporate loans. 
 (3) While Executive is employed by Employer and for a period of one (1) year after termination of Executive’s employment
pursuant to Subsection 8(A), 8(C) or 8(E) hereof, Executive shall not, either directly or indirectly, on his own behalf or in the service or on behalf of others, as an executive employee or in any other capacity which involves duties and
responsibilities similar to those undertaken for Employer, engage in any business which is the same as or essentially the same as the Banking Business within a fifty (50) mile radius of any office or branch of Employer located in the State of
South Carolina. 
 (4) While Executive is employed by Employer and for a period of one (1) year after termination of
Executive’s employment pursuant to Subsection 8(A), 8(C) or 8(E) hereof, Executive will not on Executive’s own behalf or in the service or on behalf of others, solicit, recruit or hire away, or attempt to solicit, recruit or hire away,
directly or by assisting others, any employee of Employer or its subsidiaries, whether or not such 

  

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employee is a full-time employee or a temporary employee of Employer or its subsidiaries and whether or not such employment is pursuant to a written
agreement and whether or not such employment is for a determined period or is at will. 
 (5) If Executive’s employment
is terminated pursuant to Subsection 8(A), 8(C) or 8(E) hereof, and Executive subsequently (a) solicits, diverts or appropriates, or attempts to solicit, divert or appropriate, directly or by assisting others, on Executive’s own behalf or
in the service or on behalf of others, any Banking Business from any of the customers of Employer or its subsidiaries, including actively sought prospective customers, with whom Executive has or had material contact during the last year of
Executive’s employment, for purposes of providing products or services that are competitive with those provided by Employer or its subsidiaries, (b) engages, either directly or indirectly, on his own behalf or in the service or on behalf
of others, as an executive employee or in any other capacity which involves duties and responsibilities similar to those undertaken for Employer, in any business which is the same as or essentially the same as the Banking Business within a fifty
(50) mile radius of any office or branch of Employer located in the State of South Carolina, or (c) solicits, recruits or hires away, or attempts to solicit, recruit or hire away, directly or by assisting others, on Executive’s own
behalf or in the service or on behalf of others, any employee of Employer or its subsidiaries, whether or not such employee is a full-time employee or a temporary employee of Employer or its subsidiaries and whether or not such employment is
pursuant to written agreement and whether or not such employment is for a determined period or is at will, then, in addition to any other remedies available to Employer hereunder, Employer may immediately terminate and shall not be required to
continue on behalf of the Executive or his dependents and beneficiaries any compensation provided for herein (including, without limitation, Base Compensation and any Annual Bonus) and any employee benefit, retirement and compensation plans and
other prerequisites provided in Section 5 hereof other than those benefits that Employer may be required to maintain for Executive under applicable federal or state law. 
 (6) If Executive’s employment is terminated pursuant to Subsection 8(B) or Subsection 8(D) hereof, then Executive may thereafter
(a) solicit, divert or appropriate, or attempt to solicit, divert or appropriate, directly or by assisting others, on Executive’s own behalf or in the service or on behalf of others, any Banking Business from any of the customers of
Employer or its subsidiaries, including actively sought prospective customers, with whom Executive has or had material contact during the last year of Executive’s employment, for purposes of providing products or services that are competitive
with those provided by Employer or its subsidiaries, (b) engage, either directly or indirectly, on his own behalf or in the service or on behalf of others, as an executive employee or in any other capacity which involves duties and
responsibilities similar to those undertaken for Employer, in any business which is the same as or essentially the same as the Banking Business within a fifty (50) mile radius of any office or branch of Employer located in the State of South
Carolina, or (c) solicit, recruit or hire away, or attempt to solicit, recruit or hire away, directly or by assisting others, on Executive’s own behalf or in the service or on behalf of others, any employee of Employer or its subsidiaries,
whether or not such employee is a full-time employee or a temporary employee of Employer or its subsidiaries and whether or not such employment 

  

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is pursuant to a written agreement and whether or not such employment is for a determined period or is at will; provided, however, that if
Executive engages in the activities described in clause (a), (b) or (c) of this Subsection 10(D)(6), then Employer may immediately terminate and shall not be required to continue on behalf of Executive or his dependents and beneficiaries
any compensation provided for herein (including, without limitation, Base Compensation, any Annual Bonus and any payments pursuant to Subsection 9(B) hereof) and any employee benefit, retirement and compensation plans and other perquisites provided
in Section 5 hereof other than those benefits that Employer may be required to maintain for Executive under applicable federal or state law. 
 (7) If Executive’s employment by Employer is terminated for any reason or for no reason, Executive will turn over immediately thereafter to Employer all business correspondence, letters, papers, reports, customer
lists, financial statements, credit reports or other confidential information or documents of Employer in the possession or control of Executive, all of which writings are and will continue to be the sole and exclusive property of Employer.

 (E) Executive acknowledges that irreparable loss and injury would result to Employer upon the breach of any of the covenants contained in
this Section 10 and that damages arising out of such breach would be difficult to ascertain. Executive hereby agrees that, in addition to all other remedies provided at law or in equity, Employer may petition and obtain from a court of law or
equity, without the necessity of proving actual damages and without posting any bond or other security, both temporary and permanent injunctive relief to prevent a breach by Executive of any covenant contained in this Section 10, and shall be
entitled to an equitable accounting of all earnings, profits and other benefits arising out of any such breach. In the event that the provisions of this Section 10 should ever be deemed to exceed the time, geographic or any other limitations
permitted by applicable law, then such provisions shall be deemed reformed to the maximum extent permitted thereby. 
 11. Notice of
Termination and Date of Termination. Any termination of Executive’s employment with Employer as contemplated by Section 8 hereof, except in the circumstances of Executive’s death, shall be communicated by written notice of
termination (the “Notice of Termination”) by the terminating party to the other party hereto. Any Notice of Termination given pursuant to Subsections 8(A), 8(B) or 8(E) hereof shall indicate the specific provisions of this Agreement relied
upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for such termination. Any Notice of Termination given pursuant to Subsections 8(C) or 8(D) hereof shall indicate the provision of this Agreement
relied upon, but need not state any basis for such termination. For purposes of this Agreement, “Date of Termination” shall mean: (A) if Executive’s employment is terminated because of disability, thirty (30) days after
Notice of Termination is given (unless Executive shall have returned to the performance of Executive’s duties on a full-time basis during such thirty (30) day period); or (B) if Executive’s employment is terminated for cause,
good reason (pursuant to Subsection 8(B) hereof) or pursuant to Subsection 8(C) or Subsection 8(D) hereof, the date specified in the Notice of Termination; provided, however, that if within thirty (30) days after any such Notice
of Termination is given, the party receiving such Notice of Termination notifies the other party that a dispute exists concerning the termination, the Date of Termination shall be the date on which the dispute is finally resolved, either by mutual
agreement of the parties or by a final judgment, 

  

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order or decree of a court of competent jurisdiction (the time for appeal therefrom having expired and no appeal having been perfected). 
 12. Excess Parachute Payments and One Million Dollar Deduction Limit. 
 (A) Notwithstanding anything contained herein to the contrary, if any portion of the payments and benefits provided hereunder and benefits provided to,
or for the benefit of, Executive under any other plan or agreement of Employer (such payments or benefits are collectively referred to as the “Payments”) would be subject to the excise tax (the “Excise Tax”) imposed under
Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”), or would be nondeductible by Employer pursuant to Section 280G of the Code, the Payments shall be reduced (but not below zero) if and to the extent
necessary so that no portion of any Payment to be made or benefit to be provided to Executive shall be subject to the Excise Tax or shall be nondeductible by Employer pursuant to Section 280G of the Code (such reduced amount is hereinafter
referred to as the “Limited Payment Amount”). Unless Executive shall have given prior written notice specifying a different order to Employer to effectuate the Limited Payment Amount, Employer shall reduce or eliminate the Payments, by
first reducing or eliminating those payments or benefits which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time
from the Determination (as hereinafter defined). Any notice given by Executive pursuant to the preceding sentence shall take precedence over the provisions of any other plan, arrangement or agreement governing Executive’s rights and
entitlements to any benefits or compensation. 
 (B) An initial determination as to whether the Payments shall be reduced to the Limited
Payment Amount pursuant to the Code and the amount of such Limited Payment Amount shall be made by an accounting firm at Employer’s expense selected by Employer which is designated as one of the four largest accounting firms in the United
States (the “Accounting Firm”). The Accounting Firm shall provide its determination (the “Determination”), together with detailed supporting calculations and documentation to Employer and Executive within thirty (30) days of
the Termination Date, if applicable, and if the Accounting Firm determines that no Excise Tax is payable by Executive with respect to a Payment or Payments, it shall furnish Executive with an opinion reasonably acceptable to Executive that no Excise
Tax will be imposed with respect to any such Payment or Payments. Within ten (10) days of the delivery of the Determination to Executive, Executive shall have the right to dispute the Determination (the “Dispute”). If there is no
Dispute, the Determination shall be binding, final and conclusive upon Employer and Executive subject to the application of Subsection 12(C) below. 
 (C) As a result of the uncertainty in the application of Sections 4999 and 280G of the Code, it is possible that the Payments to be made to, or provided for the benefit of, Executive either have been made or will not be made by Employer
which, in either case, will be inconsistent with the limitations provided in Section 12(A) hereof (hereinafter referred to as an “Excess Payment” or “Underpayment”, respectively). If it is established pursuant to a final
determination of a court or an Internal Revenue Service (the “IRS”) proceeding which has been finally and conclusively resolved that an Excess Payment has been made, such Excess Payment shall be deemed for all purposes to be a loan to
Executive made on the date Executive received 

  

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the Excess Payment, and Executive shall repay the Excess Payment to Employer on demand (but not less than ten (10) days after written notice is received
by Executive), together with interest on the Excess Payment at the “Applicable Federal Rate” (as defined in Section 1274(d) of the Code) from the date of Executive’s receipt of such Excess Payment until the date of such
repayment. In the event that it is determined (1) by the Accounting Firm, Employer (which shall include the position taken by Employer, or together with its consolidated group, on its federal income tax return) or the IRS; (2) pursuant to
a determination by a court; or (3) upon the resolution of the Dispute to Executive’s satisfaction, that an Underpayment has occurred, Employer shall pay an amount equal to the Underpayment to Executive within ten (10) days of such
determination or resolution, together with interest on such amount at the Applicable Federal Rate from the date such amount would have been paid to Executive until the date of payment. 
 (D) Notwithstanding anything contained herein to the contrary, if any portion of the Payments would be nondeductible by Employer pursuant to
Section 162(m) of the Code, the Payments to be made to Executive in any taxable year of Employer shall be reduced (but not below zero) if and to the extent necessary so that no portion of any Payment to be made or benefit to be provided to
Executive in such taxable year of Employer shall be nondeductible by Employer pursuant to Section 162(m) of the Code. The amount by which any Payment is reduced pursuant to the immediately preceding sentence, together with interest thereon at
the Applicable Federal Rate, shall be paid by Employer to Executive on or before the fifth business day of the immediately succeeding taxable year of Employer, subject to the application of the limitations of the immediately preceding sentence and
this Section 12. Unless Executive shall have given prior written notice specifying a different order to Employer to effectuate this Section 12, Employer shall reduce or eliminate the Payments in any one taxable year of Employer by first
reducing or eliminating those payments or benefits which are not payable in cash and then by reducing or eliminating cash payments, in each case in reverse order beginning with payments or benefits which are to be paid the farthest in time from the
Section 162(m) Determination (as hereinafter defined). Any notice given by Executive pursuant to the immediately preceding sentence shall take precedence over the provisions of any other plan, arrangement or agreement governing Executive’s
rights and entitlements to any benefits or compensation. 
 (E) The determination as to whether the Payments shall be reduced pursuant to
Section 12(D) hereof and the amount of the Payments to be made in each taxable year after the application of Section 12(D) hereof shall be made by the Accounting Firm at Employer’s expense. The Accounting Firm shall provide its
determination (the “Section 162(m) Determination”), together with detailed supporting calculations and documentation to Employer and Executive within thirty (30) days of the termination date specified in the Notice of Termination. The
Section 162(m) Determination shall be binding, final and conclusive upon Employer and Executive. 
 13. Payments After
Death. Should Executive die after termination of his employment with Employer while any amounts are payable to him hereunder, this Agreement shall inure to the benefit of and be enforceable by Executive’s executors, administrators,
heirs, distributees, devisees and legatees, and all amounts payable hereunder shall be paid in accordance with the terms of this Agreement to Executive’s devisee, legatee or other designee or, if there is no such designee, to his estate.

  

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 14. Full Settlement. The respective obligations of the parties hereto to make payments or
otherwise to perform hereunder shall not be affected by any rights of set-off, counterclaim, recoupment, defense or other claim, right or action which one party hereto may have against the other party hereto. In no event shall Executive be obligated
to seek other employment or take any other action by way of mitigation of the amounts which may be payable to Executive by Employer hereunder. 
 15. Notices. For purposes of this Agreement, notices and all other communications provided for herein shall be in writing and shall be deemed to have been given when delivered or mailed by United States registered or certified
mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
		
	 If to Executive:
	  	Marc J. Bogan
		  	8624 McChune Ct.
		  	North Charleston, SC 29420
		  	
	 If to Employer:
	  	Ameris Bancorp
		  	24 Second Avenue, S.E.
		  	Moultrie, Georgia 31768
		  	Attention: Chief Executive Officer

 or to such address as either party hereto may have furnished to the other party in writing in accordance herewith,
except that notices of change of address shall be effective only upon receipt. 
 16. Governing Law. The validity,
interpretation and performance of this Agreement shall be governed by the laws of the State of South Carolina, without giving effect to the conflicts of laws principles thereof. 
 17. Successors. Employer shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all
or substantially all of the business or assets of Employer, by agreement in form and substance reasonably satisfactory to Executive, to expressly assume and agree to perform this Agreement in the same manner and same extent that Employer would be
required to perform it if no such succession had taken place. Failure of Employer to obtain such agreement prior to the effectiveness of any such succession shall be a material, intentional breach of this Agreement and shall entitle Executive to
terminate his employment with Employer for good reason pursuant to Subsection 8(B) hereof. All references to Employer in this Agreement shall include, unless the context otherwise requires, all subsidiaries and controlled affiliates of Employer.

 18. Modification and Waiver. No provision of this Agreement may be modified, waived or discharged unless such waiver,
modification or discharge is agreed to in writing signed by Executive and Employer. No waiver by either party hereto at any time of any breach by the other party hereto of, or compliance with, any condition or provision of this Agreement to be
performed by such other party shall be deemed a waiver of dissimilar provisions or conditions at the same or any prior subsequent time. No agreements or representation, oral or otherwise, 

  

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express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. 

19. Severability. The invalidity or unenforceability of any provisions of this Agreement shall not affect the validity or enforceability
of any other provisions of this Agreement, which shall remain in full force and effect. 
 20. Counterparts. This Agreement may
be executed (and delivered via facsimile) in one or more counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same Agreement. 
 21. Assignment. This Agreement is personal in nature, and neither party hereto shall, without the prior written consent of the other,
assign or transfer this Agreement or any rights or obligations hereunder except as provided in Sections 13 and 17 above. Without limiting the foregoing, Executive’s right to receive compensation hereunder shall not be assignable or
transferable, whether by pledge, creation of a security interest or otherwise, other than a transfer by his will or by the laws of descent or distribution as set forth in Section 13 hereof, and in the event of any attempted assignment or
transfer contrary to this Section 21, Employer shall have no liability to pay any amounts so attempted to be assigned or transferred. 
 22. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto and supersedes all prior agreements, understandings and arrangements, oral or written, between the parties hereto with respect to
the subject matter hereof. 
 23. Construction; Definition of Change of Control. 
 (A) Whenever the singular number is used in this Agreement and when required by the context, the same shall include the plural and vice versa, and the
masculine gender shall include the feminine and neuter genders and vice versa. The headings in this Agreement are for convenience only and are in no way intended to describe, interpret, define or limit the scope, extent or intent of this Agreement
or any of its provisions. All references to Employer in this Agreement shall include, unless the context otherwise requires, all subsidiaries and controlled affiliates of Employer. 
 (B) For purposes of this Agreement, a “Change of Control” shall have occurred if: 
 (1) a majority of the directors of Employer shall be persons other than persons: (a) for whose election proxies shall have been
solicited by the Board, or (b) who are then serving as directors appointed by the Board to fill vacancies on the Board caused by death or resignation (but not by removal) or to fill newly-created directorships; 
 (2) twenty-five percent (25%) of the outstanding voting power of Employer shall have been acquired or beneficially owned (as defined
in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, or any successor rule thereto) by any person (other than Employer, a subsidiary of Employer or Executive) or by any two or more persons acting as a partnership, limited
partnership, syndicate or other group acting 

  

 13 

 
in concert for the purpose of acquiring, holding or disposing of any voting stock of Employer (hereinafter a “Group”), which Group does not include
Executive; or 
 (3) there shall have occurred: 
 (a) a merger or consolidation of Employer with or into another corporation (other than (i) a merger or consolidation with a
subsidiary of Employer or (ii) a merger or consolidation in which (aa) the holders of voting stock of Employer immediately prior to the merger as a class continue to hold immediately after the merger at least a majority of all outstanding
voting power of the surviving or resulting corporation or its parent and (bb) all holders of each outstanding class or series of voting stock of Employer immediately prior to the merger or consolidation have the right to receive substantially the
same cash, securities or other property in exchange for their voting stock of Employer as all other holders of such class or series); 
 (b) a statutory exchange of shares of one or more classes or series of outstanding voting stock of Employer for cash, securities or other property; 
 (c) the sale or other disposition of all or substantially all of the assets of Employer (in one transaction or a series of transactions);
or 
 (d) the liquidation or dissolution of Employer; 
 unless twenty-five percent (25%) or more of the voting stock (or the voting equity interest) of the surviving corporation or the corporation or other entity acquiring all or substantially all of the assets of
Employer (in the case of a merger, consolidation or disposition of assets) or of Employer or its resulting parent corporation (in the case of a statutory share exchange) is beneficially owned by the Executive or a Group that includes the Executive.

 24. Compliance with Code Section 409A. To the extent compliance with the requirements of Treas. Reg. §
1.409A-3(i)(2) or any successor provision is necessary, as determined by Employer, to ensure that no additional tax is imposed under Section 409A of the Code on any amount or benefit due to Executive upon or following Executive’s
separation from service, then, notwithstanding any other provision of this Agreement to the contrary, any such amount or benefit that is otherwise payable or distributable to Executive within six (6) months following Executive’s separation
from service will be accumulated and paid or distributed to Executive without interest immediately following the six-month anniversary of Executive’s separation from service (or, if earlier, the date of Executive’s death with respect to
amounts or benefits then accumulated, with subsequent amounts or benefits to be paid or distributed as scheduled). 
 25.
Representations and Warranties of Employer. Employer hereby represents and warrants to Executive that: (i) this Agreement has been duly authorized by the Board, executed and delivered by Employer, and constitutes the valid and
binding agreement of Employer, enforceable against Employer in accordance with its terms; and (ii) Employer has the full power authority to execute, deliver and perform this Agreement and has taken all necessary action to secure all approvals
required in connection herewith. 
  

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 26. Arbitration. Any controversy or claim arising out of or relating to this Agreement, or
the breach thereof, shall be settled by arbitration in Moultrie, Georgia in accordance with the commercial arbitration rules of the American Arbitration Association then in effect. The decision of the arbitrators shall be final and binding as to any
matter submitted to them under this Agreement, and judgment on any award rendered by the arbitrators may be entered in any court having jurisdiction thereof. 
 27. Attorneys’ Fees. If there is any legal action, arbitration or proceeding between Executive and the Employer arising from or based on this Agreement or the interpretation or enforcement of any
provisions hereof, then the unsuccessful party to such action, arbitration or proceeding shall pay to the prevailing party all costs and expenses, including, without limitation, reasonable attorneys’ fees, incurred by such prevailing party in
such action, arbitration or proceeding, in any appeal in connection therewith and in any action or proceeding taken to enforce any judgment or order so obtained by the prevailing party. If such prevailing party recovers a judgment in any such
action, arbitration, proceeding or appeal, then such costs, expenses and attorneys’ fees shall be included in and as a part of such judgment. 
 [Signatures next page] 
  

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 IN WITNESS WHEREOF, Executive has executed, sealed and delivered this Agreement, and Employer has
caused this Agreement to be executed, sealed and delivered, all as of the day and year first above set forth. 
  

			
	AMERIS BANCORP
		
	By:	 	/s/ Edwin W. Hortman, Jr.
		 	 Edwin W. Hortman, Jr., President and
 Chief Executive
Officer

 [Corporate Seal] 
  

			
		
	Attest:	 	/s/ Cindi H. Lewis
		 	Cindi H. Lewis, Corporate Secretary

  

			
		 	
		
	/s/ Marc J. Bogan 	 	(SEAL)
	Marc J. Bogan	 	

  

 16

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