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EXHIBIT 10.1
TANNING TECHNOLOGY EUROPE LIMITED
30 June 2000
Chris Mackenzie
British Sky Broadcasting Ltd.
Dear Chris
Re: Agreement Between British Sky Broadcasting Limited ("Sky") and Tanning
Technology Europe Limited for an Airtime Sales System dated July 1999 ("The
Agreement").
I set out below the substance of our agreement from our meeting in Edinburgh 28
June 2000:
1. Both parties will consider the Agreement terminated with no liability
arising on either side and both parties will waive any payments which each
considers to be due to it from the other under the Agreement. This letter
will be treated as full and final settlement of all claims arising from or
in relation to the Agreement.
2. Both parties will keep all matters relating to the Agreement, the parties'
conduct in relation to the Agreement and this settlement strictly
confidential. Notwithstanding the foregoing, both parties agree that Sky
will not be in breach of this clause if it discloses the technical
specifications relating to the Agreement to any third party instructed by
Sky in relation to an airtime sales system. In addition, neither party will
disparage the other in relation to the Agreement. This provision does not
prohibit either party making any communication as is required by law or by
financial reporting requirements.
3. Both parties agree that all intellectual property rights in and to all
material, including without limitation, software, documentary material,
system architecture and codes) prepared in relation to the Agreement shall
vest with Sky, provided that Tanning shall retain rights in Background IPR
and enhancements as provided in the Agreement.
Please indicate your agreement by signing below.
Yours sincerely
Philip Purver
VP Europe
Agreed
British Sky Broadcasting Limited
By: /s/ ___________________________
Title: ___________________________
