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Non-Tech : pamc
PAMC 46.54+1.8%Nov 5 4:00 PM EST

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To: Goodboy who wrote (267)5/5/1999 7:13:00 PM
From: Steven M. Kaplan   of 570
 
From the just filed PAMC 8-K:

CNet, Inc.

On April 14, 1999, the Company and CNet, Inc. ("CNet")amended the Promotion Agreement dated June 14, 1998, as amended on November 13,1998 (the "Amended Agreement") to, among other things, revise the current payment schedule and to add Snap! LLC ("Snap") as a party to the agreement, as
CNet and Snap are now separate entities. The Amended Agreement extends the termination date of the initial term of the agreement to August 31, 2000; allocates the total number of monthly impressions between Snap and CNet; provides CNet and Snap with the ability to immediately terminate the Amended
Agreement for nonpayment of fees due or to charge interest on all unpaid amountsAgreement; and revises the payment schedule applicable to the optional term. The Amended Agreement also provides for the permanent placement of a Company banner
on the Snap Health Insurance Center to be created within the Business and Money Channel on the Snap website and provides that HealthAxis and Snap shall work at a rate of 1-1/2% per month; revises the exclusivity provisions of the Amended
together to develop a co-branded site.
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