Incredimail 2013 Annual Report Download - page 187

EXECUTION VERSION
4.2 Method and Timing of Payment .
4.2.1 Monthly Reports . Microsoft will provide Conduit in a timely manner (no later than [***] following the end of
each calendar month) with a monthly report containing such information as is reasonably necessary for Conduit to prepare invoices for amounts
payable to Conduit pursuant to Section 4.1, including at a minimum,
[***] [***] information
described in Exhibit I for activity in the immediately preceding month and reasonable detail regarding any allowed adjustments made to
revenues received from the Services to arrive at [***] All information contained in Microsoft’s reports under this
Section 4.2.1 shall be deemed Confidential Information (as defined in the NDA) of each Party and will be used and disclosed by the Parties only
as expressly provided in this Agreement.
4.2.2 Invoices and Payments .
[***] Microsoft will make all payments to
Conduit in U.S. Dollars by wire transfer in accordance with the instructions set forth in Exhibit H or otherwise as instructed by Conduit in
writing. All currency conversions made under this Agreement will be made using the applicable average daily exchange rate for the applicable
period as published by OANDA or such other internationally recognized source as may be agreed by the Parties in writing.
CONFIDENTIAL
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