America Online 2009 Annual Report Download - page 130

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in Annex A, none of the TMZ Parties shall have any obligation to make any contributions, reimbursements or other
payments to AOL or any of its affiliates, and none of AOL nor any of its affiliates shall have the right to receive, share, or
participate in any revenues of the TMZ Parties, in each case under this MOU.
(c) From the Spin Date through the end of the Term, AOL shall receive fifteen percent (15%) of Gross Advertising Revenues for
all Gross Advertising Revenues up to and including ten million dollars ($10,000,000) and twenty percent (20%) of all Gross
Advertising Revenues in excess of ten million dollars, with a guaranteed minimum revenue share of one million five hundred
thousand dollars ($1,500,000) to AOL. As used herein, "Gross Advertising Revenues" means gross advertising (including
but not limited to display, video, text, and search advertising) revenues actually received from advertisements placed on the
Brand Website and the TMZ Mobile Site (collectively, the "AOL Ad Revenue Share"). The AOL Ad Revenue Share shall
be paid quarterly."
e. Article 8 of Exhibit A to the MOU is hereby amended by deleting it in its entirety and substituting the following:
"8. Promotion and Distribution of the Brand Website.
• AOL and the Brand Website shall perform their respective promotion and distribution obligations set forth on Annex A attached
hereto.
• Notwithstanding anything herein to the contrary, AOL reserves the right to redesign or modify the organization, structure, "look
and feel," navigation and other elements of the AOL Network at any time. In the event such modifications materially and adversely
affect any particular AOL Promotions, AOL, after a good faith consultation and working with TP, will provide alternative
promotional assets of equivalent value, on the AOL.com primary, "entry" or "landing" page, with reasonably equivalent placement
(e.g. above the fold in a position that AOL has reasonably demonstrated to be in a equivalent position as the previous placements).
AOL shall in good faith avoid exercising its rights hereunder in a manner intended to decrease the value of the AOL Promotions."
3