Stamps.com 2001 Annual Report Download - page 75

Download and view the complete annual report

Please find page 75 of the 2001 Stamps.com annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 83

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83

11. The second paragraph of section 7 in Exhibit E shall be deleted and replaced with the following: "Store Operator agrees to use
commercially reasonable efforts to update, or correct any inaccuracies in, information provided by Stamps.com to Store Operator for use on the
Online Store, including without limitation pricing and product or service descriptions, within one week of notification by Stamps.com."
12. In full satisfaction of its respective payment obligations arising under the Agreement prior to the date of this Amendment, each Party shall,
no later than the close of business on January __, 2002, pay to the other Party all of its outstanding accounts payable under the Agreement as of
December 31, 2001. For purposes of this section 9, the Parties agree that the outstanding accounts payable as of December 31, 2001 are as
follows: Stamps.com shall pay Store Operator _______; and Store Operator shall pay Stamps.com _______, which amount includes
compensation to Stamps.com for _______ Qualified Referrals lost due to various technical difficulties at the Store Operator Online Store
between the Effective Date and the date of this Amendment.
13. The following provision shall be added to the Agreement: "Store Operator shall carry existing and future Stamps.com proprietary label,
envelope, postal scale and printer products so long as sales volumes of such proprietary products exceed such minimum volumes as the Parties
shall negotiate in good faith."
14. Section 3.2 shall be amended to add the following: "Notwithstanding the foregoing, Stamps.com may establish its own online store solely
for the sale of Stamps.com proprietary label, envelope, postal scale and printer products."
Any capitalized terms used herein and not otherwise defined will have the meanings given to them in the Agreement. Except as provided in this
Amendment, all of the terms and conditions of the Agreement, as previously amended, will remain in full force and effect. In the event of any
conflict between the terms of the Agreement and the terms and conditions of this Amendment, this Amendment will govern.
* Portions of this exhibit have been redacted for confidential information.
3
2002. EDGAR Online, Inc.