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","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0}],"direction":null}},"media":null},{"id":"69eb82f6c50b51ded072f7ad","title":"Terms and Termination","content":{"root":{"type":"root","format":"","indent":0,"version":1,"children":[{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"Except as otherwise provided in Section 2.2 of this Agreement, the term of this Agreement shall commence on the Effective Date and shall automatically renew on the date which is two (2) years thereafter, subject to successive one year renewals of this Agreement on the terms contained herein unless either party hereto provides written notice to the other party at least ninety (90) days in advance of any renewal date of its intention not to renew this Agreement. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"This Agreement may be terminated by either party upon material breach of any obligation hereunder by the other party, on written notice of termination, if such other party fails to cure such breach within sixty (60) days after written notice thereof. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"This Agreement may be terminated immediately by either party in the event an order for relief in any bankruptcy or reorganization proceeding is entered against the other party, a receiver is appointed for all or substantially all of the assets of the other party, the other party is dissolved or liquidated other than in connection with a sale of all or substantially all of its assets, the other party completely discontinues its business other than in connection with a sale of all or substantially all of its assets, or the other party attempts to assign this Agreement in contravention thereof. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"Upon termination of this Agreement, each party shall promptly return to the other all confidential and business-sensitive information in tangible form which is then in possession or control of such party. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"If this Agreement is terminated for any reason, then upon the effective date of the termination, EBSCO will cease using Content in the Services except for so long as required to fulfil obligations to the Users existing as of the effective date of such termination. Following the termination of this Agreement, EBSCO shall continue to pay LICENSOR the royalties described in Schedule 2 for as long as Content is used in the Services provided to Users. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"11.6 In the event of termination LICENSOR shall continue to deliver to EBSCO updates to Content for such period of time as shall be necessary for EBSCO to satisfy the obligations under any contracts it may have entered into for the Services provided. 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In the event of such a Force Majeure, the time for performance or cure shall be extended for a period equal to the duration of the Force Majeure but not in excess of six (6) months. 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Except as provided herein, all remedies, including, without limitation, the termination of this Agreement and all of the remedies provided by law shall be deemed cumulative and not exclusive. 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Either party may, with the other’s written consent, which consent shall not be unreasonably withheld or delayed, assign this Agreement to any person or entity which succeeds to its business to which this Agreement relates and which assumes all of its obligations hereunder in writing, provided that in such event the assigning party or its legal successor-in-interest shall remain bound as a guarantor of such obligations. 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Unless otherwise specified, notices shall be deemed given when the return receipt is received or upon receipt of an appropriate answer back after transmission of the electronic mail.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":null,"textStyle":"","textFormat":0}],"direction":null}},"media":null},{"id":"69eb8354c50b51ded072f7b2","title":"Legal","content":{"root":{"type":"root","format":"","indent":0,"version":1,"children":[{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"LICENSOR\\LICENSEE ","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"The parties shall be deemed to have the status of licensor (LICENSOR) and licensee (EBSCO), and nothing in this Agreement shall be deemed to place the parties in the relationship of employer-employee, principal-agent, or partners or joint venturers. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"Governing Law ","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts. 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","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0}],"direction":null}},"media":null},{"id":"69eb8385c50b51ded072f7b3","title":"Schedules and Payments","content":{"root":{"type":"root","format":"","indent":0,"version":1,"children":[{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"Payments & Reports","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"justify","indent":0,"version":1,"children":[{"mode":"normal","text":"Revenue Generated in the Marketplace: EBSCO shall pay [X] percent (X%) of the net revenue generated from the inclusion of the Content in the Service. EBSCO shall pay the net revenues generated on a quarterly basis. Along with each quarterly payment EBSCO shall provide reports sufficient to enable the LICENSOR to calculate and confirm the payment amount. 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Net revenue is calculated as gross revenue less commissions, fees, and taxes related to the sale of the Service. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"EBSCO shall make payment to LICENSOR on a semi-annually basis (calculated on 12/31 and 6/30) by March 31 and September 30 each year. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"If applicable, EBSCO shall deduct and withhold from the gross amount of all payments to LICENSOR any amounts required by law to deduct or withhold.  If such deduction or withholding is required, EBSCO shall remit any amounts so deducted or withheld to the appropriate governmental authority within the required time, and shall provide LICENSOR with written evidence of such remittance and deliver an appropriate document with respect to withheld taxes to support a claim for any tax credit to which the party may be entitled under any applicable laws.  All such deduction/withholdings shall be at statutory rate, unless LICENSOR provides EBSCO with properly completed and executed documentation as prescribed by applicable law permitting payments to be made without withholding or at a reduced rate pursuant to a relevant tax treaty. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Professional Services Option: EBSCO shall pay LICENSOR Y percent (Y%) of the net revenue collected for Professional Services contracted by EBSCO on behalf of LICENSOR. Net revenue is calculated as gross revenue for the professional service sale, less commissions, fees, and taxes related to the sale of the Service. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"EXCLUSIVITY: ","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"This Agreement includes an exclusive 2-year commitment from both parties, with automatic 1-year renewals thereafter. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Schedule 4 ","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"User Agreement ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"The Marketplace User Agreement is found here: Terms of Use – Help.LER.me ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Schedule 5 ","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Referral Term Sheet (if applicable) ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"This Term Sheet supplements and is incorporated into the Master Agreement between the parties (the “Agreement”). Capitalized terms not defined herein have the meanings set forth in the Agreement. In the event of a conflict between this Term Sheet and the Agreement, this Term Sheet shall govern with respect to referral fees and related matters. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"1. Deal Registration and Referral Qualification ","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Deal Registration. A Deal Registration arises when a prospective customer is introduced to LICENSOR through any channel facilitated by EBSCO, including but not limited to: (i) the EBSCO marketplace or any EBSCO-operated procurement platform (the primary referral channel); (ii) direct email introduction from EBSCO personnel to LICENSOR; or (iii) any other documented method by which EBSCO directs a prospect to LICENSOR's platform or team. For marketplace-originated referrals, the Deal Registration shall be deemed submitted upon the prospect's first documented interaction with LICENSOR through the EBSCO marketplace. For all other referral methods, EBSCO shall notify LICENSOR via email with the following information: (w) institution name; (x) contact name, title, and department; and (y) a brief description of the opportunity. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Acknowledgment. For referrals originating through the EBSCO marketplace, the Deal Registration shall be deemed automatically acknowledged upon the prospect's first documented interaction with LICENSOR through the marketplace; no further action by LICENSOR is required. For all other referrals, LICENSOR shall acknowledge or reject the Deal Registration within ten (10) business days of receipt. Failure to respond within such period shall constitute acknowledgment. Rejection must be accompanied by a written explanation. Upon acknowledgment (or deemed acknowledgment), the Deal Registration becomes a \"Qualified Referral.\" ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Closure Window. A Qualified Referral remains eligible for a Referral Fee only if a binding customer agreement between LICENSOR and the referred customer is executed within eighteen (18) months of the Deal Registration acknowledgment date (the “Referral Window”). ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Referral Window Extension. If the prospect is in active contract negotiations with LICENSOR at the expiration of the Referral Window, the window shall automatically extend for an additional ninety (90) days. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"2. Referral Scope — Higher Education Institutions and Commercial Entities ","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null,"textStyle":"","textFormat":1},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Scope Determination. For referrals the scope of each Qualified Referral shall be determined by the Purchasing Authority of the individual to whom EBSCO makes the introduction (the “Referral Contact”)—that is, the organizational level at which the Referral Contact holds budgetary or contractual decision-making authority: ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Institution-Level Referral. Where the Referral Contact holds institution-wide purchasing or decision-making authority, the Qualified Referral shall cover all sales to any entity or unit within that institution. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Unit-Level Referral. Where the Referral Contact holds purchasing or decision-making authority limited to a specific subunit of that entitiy, the Qualified Referral shall cover only sales to that subunit and its subordinate departments. For the avoidance of doubt, LICENSOR may independently pursue other units within the same institution without any referral obligation to EBSCO. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"$31","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Scope Confirmation. Within ten (10) business days of acknowledging a Deal Registration, LICENSOR shall confirm the Referral Scope (Institution-Level or Unit-Level) in writing. In the event of a dispute, the Referral Contact’s title and institutional reporting line as of the Deal Registration date shall be determinative. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Scope Expansion. If EBSCO subsequently introduces LICENSOR to a higher-level contact at the same institution, EBSCO may submit a new Deal Registration for the expanded scope. Upon acknowledgment, the expanded scope shall apply prospectively to opportunities not already under a binding customer agreement or in active contract negotiations as of the new Deal Registration date. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"3. 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","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"TCV shall exclude: (w) taxes and government-imposed surcharges; (x) separately stated pass-through third-party costs; (y) fees under change orders, expansion orders, or additional statements of work executed after the effective date of the customer agreement; and (z) fees attributable to any renewal, extension, or auto-renewal term. ","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null,"textStyle":"","textFormat":0},{"type":"paragraph","format":"left","indent":0,"version":1,"children":[{"mode":"normal","text":"Fee Schedule. 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Philosophy of Technology