>>Note H - Lycos Promotional Agreement
HealthAxis's amended agreement with Lycos provides that Lycos will make HealthAxis the exclusive provider of medical, HMO, PPO, indemnity, dental, vision, prescription, long term care, and long term disability insurance through the Internet, for total payments approximating $9,060 (of which $800 has been paid and accounted for as prepaid interactive marketing expense) during the term of the agreement which shall extend for twenty-four months from the launch of the co-branded version of HealthAxis's site expected to be on or about May 31, 1999. Of the remaining $8,260 payments to Lycos, $1,275, $5,345 and $1,640 are due in 1999, 2000 and 2001, respectively. In addition, HealthAxis shall pay to Lycos certain fees based upon the success of sales from the co-branded web site.<< |
