Letter Amendment to License Agreement between TIBCO Software Inc. and Reuters Limited (February 28, 2003)
TIBCO Software Inc. grants Reuters Limited the right to distribute the object code version of TIBCO BusinessFactor within the financial services industry for 18 months, royalty-free. In return, Reuters will pay TIBCO $2,000,000 within 30 days, which includes bronze level maintenance. The amendment is governed by the terms of their existing License, Maintenance and Distribution Agreement, which otherwise remains unchanged.
Exhibit 10.23
[LOGO]
February 28, 2003
Andrew Garard
Reuters Limited
85 Fleet Street
London EC4P 4AJ
Re: TIBCO BusinessFactor
Dear Andrew:
To confirm our discussion this morning, TIBCO Software Inc. (“TIBCO”) hereby grants Reuters Limited (“Reuters”) the right and license to distribute the object code version of TIBCO BusinessFactor solely within the financial services industry on an unlimited, royalty-free basis for a period of eighteen (18) months from the date of this letter. This right and license shall be governed by and construed in accordance with the terms and conditions of that certain First Amended and Restated License, Maintenance and Distribution Agreement, effective May 28, 1999, by and between TIBCO and Reuters (the “Agreement”).
In consideration for TIBCO granting this license, Reuters hereby agrees to pay to TIBCO the sum of US$2,000,000 due and payable net 30 days from the date of this letter. This sum includes bronze level maintenance for the term of the Agreement.
All other terms and conditions of the Agreement are unmodified and remain in full force and effect.
Please indicate your acceptance to the above terms by signing in the space provided below.
Sincerely yours
TIBCO Software Inc.
[STAMP]
| /s/ GINGER KELLY |
| Ginger Kelly Vice President, Corporate Controller |
Agreed and Accepted
Reuters Limited
| /s/ ANDREW GARARD |
| Name: Andrew Garard Title: Deputy General Counsel Date: 28/2/03 |
TIBCO Software Inc. n 3303 Hillview Avenue, Palo Alto, CA 94304 n TEL: +1 ###-###-#### n FAX ###-###-#### n www.tibco.com
