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Terms and Conditions:IndiaNIC eReader Publisher Agreement IndiaNIC Infocom, operates a wholesale and retail distribution service for the storage, sale, and delivery of copyright protected electronic publications ("Digital Books") and other materials ("Digital Content") through Apple Inc's AppStore; and, Publisher, representing itself, the rights of the Author or other rights holders, desires that IndiaNIC and its affiliate companies provide wholesale, retail saleand distribution of Publisher's digital content through its network of eReader Retailers. In consideration of the foregoing the parties agree as follows. 1.A. Publisher Account Services. Upon acceptance of this Agreement, IndiaNIC shall establish an eReader Publisher Account in the name of the Publisher. Publisher shall be granted access to Publisher's eReader Account through a password protected web portal. Publisher shall be permitted to upload and manage Digital Books and Digital Content (collectively, "Inventory") through the eReader System; set and adjust the suggested retail price of its Digital Book titles, and manage marketing data associated with each product. Publisher will have access to review any and all sales transaction activity of Publisher's Digital Books that have been sold through eReader. 1.B. Price & Royalties. Publisher shall set the Retail Listing Price for each Digital Book, referred in this agreement as "Retail Listing Price" or "End User Price" IndiaNIC uses various stores / Retail channels to sell the Digital Book of the Publisher (Currently only AppStore is available for sales), for the same Apple Charges 30% (thirty percent) (this is the percentage set by apple and if it is changed by Apple Inc. the same will be applicable) referred in this agreement as "Apple Commission" The Publisher Price is 35% (thirty five percent) of the Retail Listing Price, exclusive of VAT and all taxes. If any VAT or sales taxes are implemented the same will be deducted from Publisher Price. Publisher is responsible for any income or other taxes due and payable as a result of payments to it by IndiaNIC under this Agreement, referred in this agreement as "Wholesale Price" or "Publisher Commission" or "Publisher Royalties" 1.C. Affiliate Fee. IndiaNIC shall get an Affiliate Fee of 35% (thirty five percent) of the Retail Listing Price (exclusive of VAT and all taxes) for each and every purchase of Publisher's Digital Books from the AppStore or IndiaNIC.com web site, where such purchase is made by users who have entered IndiaNIC's Web sites www.IndiaNIC.com or AppStore / iTunes by means of a link from the Publisher's own web site pages. IndiaNIC will provide the technical means on its web site to track such sales, referred in this agreement as "Affiliate Commission" or "Affiliate Fee" Summery for Prices & Royalties: 1) Apple Inc / AppStore / iTunes Gets ("Apple Commission") - 30% 2) Publisher ("Wholesale Price") - 35% 3) IndiaNIC ("Affiliate Fee") - 35% Total : 100% 1.D. Right to Inventory. Except as otherwise set forth in this Agreement, IndiaNIC acknowledges that all right, title and interest in and to the ownership of all intellectual property including copyrights and trademarks used in connection with the Inventory are the property of Publisher, or its licensor and licenses and in no event, including the termination of this Agreement shall IndiaNIC obtain any right or interest in such intellectual property or copyrights. 1.E. Rights and Services. Publisher hereby grants IndiaNIC the rights to reproduce, convert, display, market, and store digital versions of Publisher's Inventory on one or more computer facilities of or under the leased or similar control of IndiaNIC, on a worldwide basis, and to resell its Inventory directly to consumers and to Retailers for resale to consumers. To promote sales for Publisher's inventory, Publisher grants IndiaNIC the right to freely distribute all marketing data including cover art, excerpts, review information and all other metadata associated with Publisher's Inventory. Automatic generated samples of every Digital Book containing no more than 5% of the Digital Book content may be distributed as marketing material. To assist IndiaNIC in promoting Publishers' Inventory, Publisher authorizes IndiaNIC to download a limited number of DRM protected copies of each title to evaluate and review for marketing opportunities for internal use only. In the event of a sale of Publisher's Digital Content, eReader will apply commercially reasonable Digital Rights Management (DRM) services to the product. Publisher acknowledges that IndiaNIC relies upon third party DRM technology, Internet and Web transmissions and connectivity, and hardware devices to apply and deliver products using DRM, all of which may contain errors, be subject to piracy or attempts to circumvent, and subject to other interruptions of intended service. IndiaNIC shall use commercially reasonable efforts to provide the services of eReader and the presence of such errors or interruptions of service shall not be a breach of this provision. IndiaNIC's sole obligation with regard to such errors shall be to use commercially reasonable efforts to correct such errors. Publisher hereby acknowledges and agrees that IndiaNIC has sole discretion with respect to the terms and features of its wholesale and retail sales and distribution, pricing, marketing and promotion of Publisher's Inventory. Publisher shall select the appropriate categories to list its Digital Books in eReader 's catalog and provide metadata and other marketing data. IndiaNIC and Publisher agree to use commercially reasonable efforts to keep the eReader Inventory and marketing data free from materials that are illegal, infringe on rights of third parties, are obscene, or may, in the sole determination of IndiaNIC, expose IndiaNIC, eReader and its affiliates or suppliers to civil or criminal claims of any nature. IndiaNIC reserves the sole right to immediately remove, without notice and in IndiaNICÕs sole discretion, any and all Digital Books, cover art, marketing or metadata or any other data IndiaNIC solely determines may violate any law, infringe upon any third parties rights, are obscene or otherwise objectionable. Publisher agrees that IndiaNIC may sublicense and/or assign its rights and obligations under this agreement, in whole or in part, to its Affiliates (meaning those entities that IndiaNIC controls, is controlled by, or is under common control with), and may permit its independent contractors to exercise the rights granted to IndiaNIC in this Agreement ("Rights"). IndiaNIC (by itself, by its Affiliates, or through its independent contractors) may also exercise the Rights (1) as mere technological incidents to and for the limited purpose of technically enabling the Rights, such as caching to enable display, and (2) as reasonably necessary for IndiaNIC to sell and distribute Publisher's Digital Books. 1.F. Inventory Pricing. Publisher shall be permitted at any time to modify the Digital List Price of its Inventory, as well as to remove any titles or associated marketing data from eReader. Should Publisher either increase the price of a listed title in Inventory or remove it, such change will be effective ten (10) days following such changes or removal of a title. Publisher acknowledges that eReader Retailers will be basing their digital content catalogs on the information supplied by Publisher. 2. Payment and Statement. For Publisher Inventory sold through eReader or IndiaNIC, IndiaNIC will pay Publisher the "Wholesale Price" for such products sold, net of refunds, net of currency conversion and bad debt, within thirty days of the receipt of payment from Apple or any other Store. Apple's Policy for Financial reports & payments: Financial reports are distributed to IndiaNIC by Apple once a month which generally available for a given month by the end of the following month and no later than 45 days after month-end. Apple makes payments to approximately 30 days after the end of the month, and no later than 45 days after month's end, assuming all requirements for payment have been met. (Example: Payments for month of January 2009 will be made by end of March 2009 or first week of April) IndiaNIC will make payment in USD funds for the amounts due Publisher and furnish Publisher with a statement in electronic format showing the number of copies of each product sold listed by title, author, and ISBN. IndiaNIC reserves the right to hold the payment of royalties until the amount due is more than $250 USD. Any and all payments to Publisher hereunder are exclusive of all sales, use, value added and similar taxes. IndiaNIC reserves the right to net any applicable withholding taxes from its payments to Publisher hereunder. Applicable VAT will be computed based on the VAT exclusive Wholesale Price as determined under Section 1.B. If Publisher is required by law or by administration thereof to collect any sales, use, value added or similar taxes from IndiaNIC, IndiaNIC will pay such taxes to Publisher provided that Publisher first issues to IndiaNIC valid tax invoices in support of any such taxes to be collected from IndiaNIC. Currently All the payments are made through PayPal or If you require wire transfer please allow us 15 days time to transfer the funds from USA Account, but this can be changed in future if such requirements comes up. 3. No Exclusivity. This Agreement is not exclusive and does not impose any obligation or restrictions on either party with respect to competing business relationships or opportunities. 4. Warranties by Publisher. Publisher warrants and represents that (a) Publisher has the full power, right and authority to enter into this Agreement; (b) Publisher has not previously and will not grant any rights to any third party that are inconsistent with the rights granted herein; (c) Inventory provided by Publisher and any other material are (i) either owned or licensed by Publisher, and (ii) do not and will not infringe any copyright, patent, trade secret, or other proprietary right held by any third party; (d) Publisher will not knowingly provide or knowingly permit the provision of data, images or programs to IndiaNIC that would violate the proprietary rights of others, including unauthorized copyrighted text, images, programs or materials used in an infringing fashion; and (e) the product or associated marketing data supplied do not contain mater which is libelous, slanderous, an invasion of privacy, unlawful appropriation of name, and likeness, defamation of character. 5. Warranties by IndiaNIC. IndiaNIC warrants and represents, solely for Publisher's benefit, that IndiaNIC has the full power, right and authority to enter into this Agreement. 6. WARRANTY DISCLAIMERS AND LIABILITY LIMITATION. ALL SERVICES AND PRODUCTS PROVIDED BY INDIANIC, ITS AFFILIATES AND SUPPLIERS ARE PROVIDED WITHOUT WARRANTY OF ANY KIND, INDIANIC, ITS AFFILIATES AND ITS SUPPLIERS DISCLAIM ALL WARRANTIES, EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE WITH REGARD TO PUBLISHER'S USE OF eReader. EXCEPT FOR INTENTIONAL BREACH OR GROSS NEGLIGENCE, INDIANIC WILL NOT BE LIABLE FOR INDIRECT, SPECIAL, OR CONSEQUENTIAL DAMAGES (OR ANY LOSS OF REVENUE, PROFITS, OR DATA) ARISING IN CONNECTION WITH THIS AGREEMENT OR THE PROGRAM, EVEN IF INDIANIC HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. FURTHER, OUR AGGREGATE LIABILITY ARISING WITH RESPECT TO THIS AGREEMENT AND THE PROGRAM WILL NOT EXCEED THE TOTAL PROGRAM FEE PAYMENTS PAID OR PAYABLE TO PUBLISHER UNDER THIS AGREEMENT. 7. Indemnification. Either party (the "indemnifying party") will, at its own expense, defend any third party claim or action brought against the other party (the "indemnified party"), and its Affiliates or Suppliers, for any claim that, as alleged, would represent a breach of any warranty or representation made by the indemnifying party hereunder. The indemnifying party will indemnify and hold harmless the indemnified party from and against any claims and damages finally awarded against the indemnified party or agreed pursuant to a settlement in accordance with the requirements of this, and any costs and fees (including without limitation, attorneys' fees) reasonably incurred by the indemnified party that are attributable to such a claim. The indemnifying party will not be responsible for any settlement made by the indemnified party without the indemnifying party's written permission, which permission will not be unreasonably withheld. The indemnified party will (i) provide the indemnifying party reasonably prompt Notice of any such claim or action and permit the indemnifying party to answer and defend such claim or action; and (ii) provide the indemnifying party with such information, assistance and authority, at the indemnified party's expense, as may be necessary or appropriate to enable the indemnifying party to defend such claim or action. The indemnified party has the right, at its expense, to employ separate counsel and participate in the defense of any claim or action that the indemnifying party is defending. 8. Termination. Either party may terminate this Agreement without cause upon not less than ninety (90) days notice to the other party. Any termination of this Agreement or withdrawal by Publisher of specific Inventory or other materials will be prospective, with respect to future sales only. After termination of this Agreement or withdrawal of specific Publisher Inventory, IndiaNIC may continue to maintain master copies of such Inventory in order to provide online access and replacement downloads of such inventory to customers who purchased it prior to termination. 9. Survival. Sections 2, 3, 4, 5, 6, 7, 10, 11, and 12 will survive Termination of this Agreement. 10. Governing Law; Venue; Attorneys Fees. This Agreement will be construed and controlled by the laws of India, and each party further consents to jurisdiction of Ahmedabad. 11. Arbitration. Any dispute relating in any way to this Agreement (including any actual or alleged breach hereof), any transactions or activities under this Agreement or Publisher's relationship with IndiaNIC shall be submitted to confidential arbitration in India, except that, to the extent (1) Publisher has in any manner violated or threatened to violate IndiaNIC's intellectual property rights, or (2) IndiaNIC seeks indemnification from Publisher under this Agreement, IndiaNIC may seek injunctive or other appropriate relief in any court sitting in USA (and Publisher consents to non-exclusive jurisdiction and venue in such courts) or any other court of competent jurisdiction. Arbitration under this Agreement shall be conducted under the rules then prevailing of the Rules of Arbitration of India. The arbitrator's award shall be binding and may be entered as a judgment in any court of competent jurisdiction. To the fullest extent permitted by applicable law, no arbitration under this Agreement shall be joined to an arbitration involving any other party subject to this Agreement, whether through class arbitration proceedings or otherwise. 12. Expenses. All costs incurred by either party in fulfilling any of its obligations under this Agreement will be borne by such party, without reimbursement from the other party. 13. Entire Agreement. This Agreement constitutes the entire agreement between IndiaNIC and Publisher with respect to the subject matter hereof and supersedes all prior and contemporaneous communications. This Agreement may not be modified or amended except by an instrument accepted by both parties.
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