Blinkx Video Advantage Revenue Sharing Agreement
This agreement outlines the terms between Blinkx and a publisher regarding advertising revenue from video widgets. Blinkx will pay the publisher 50% of the net advertising revenue generated from the publisher's video widgets, after deducting applicable taxes and certain costs. Payments are made within 30 days after Blinkx collects the net revenue. Net revenue is defined as total advertising revenue minus costs such as sales commissions, content provider shares, ad serving costs, and any refunds or chargebacks.
Exhibit 10.10
Blinkx Video Advantage Terms
BVA will pay 50% of the Net Revenues (as defined below) of all advertising revenue generated from the content on a publisher's video widgets, if any, and deducting any applicable VAT, sales, or other tax, recognized by blinkx and attributable to advertisements displayed in the widgets. Payments will be made Net 30 from collections of the Net Revenue. "Net Revenue" shall mean total advertising revenue recognized by blinkx from the sale of advertisements less costs in connection with the sale and display of such advertising (including, without limitation, sales commissions, revenue share for content providers, ad serving costs, and other expenses and fees) and refunds, rebates, chargebacks, claw backs from advertisers, etc.
