AMENDMENT TO ADOBE VALUE INCENTIVE PLAN TERMS AND CONDITIONS

THIS AMENDMENT (“AMENDMENT”) TO THE VALUE INCENTIVE PLAN (“VIP” OR “PROGRAM”) MEMBERSHIP AGREEMENT (“AGREEMENT”) SETS FORTH THE ADDITIONAL TERMS OF YOUR PARTICIPATION AS A MEMBER (DEFINED BELOW) IN THE PROGRAM. THE AMENDMENT IS EFFECTIVE AS OF THE DATE MEMBER ACCEPTS THESE TERMS AND ADOBE APPROVES THIS AMENDMENT (“EFFECTIVE DATE”). THIS AMENDMENT IS ENTERED INTO BY AND BETWEEN ADOBE (DEFINED IN THE AGREEMENT) AND MEMBER.
  1. Term and Termination. The Amendment Term commences on the Effective Date and expires thirty-two days prior to the third Anniversary Date after the Effective Date, unless terminated earlier according to the terms of the Agreement or this Amendment. Notwithstanding the foregoing, if Member re-accepts this Amendment at any time during their existing Amendment Term, then the existing Amendment Term does not change. This Amendment automatically terminates if: (a) Member’s Agreement terminates; or (b) if Member has obtained this Amendment through participation in a VIP Linked Membership and: i-the Linked Membership fails to maintain VIP Select status, or ii- the Linked Membership is terminated, or iii-Member is no longer participating in the Linked Membership.
  2. Three Year Commit. Excluding special and promotional pricing if available to Member, during the Amendment Term Adobe will offer the same price for Products to either (a)-Adobe’s direct channel partner, if Member’s transaction is through a Reseller, or (b) Member, if Member’s transaction is direct with Adobe. In years two and three Member must renew on or before Member’s Anniversary Date at least the same number of licenses as displayed in the account management page of the Program Admin console 15 business days after the Effective Date (the “Minimum Number of Licenses”). Member may change its Account Manager during the term of the Agreement if it so chooses. For clarity, if the Products are distributed through Adobe’s channel partners, then Adobe does not set the pricing that channel partners charge Member and Adobe cannot guarantee any particular discount to Member. Member’s actual license fees are determined by its Reseller, if a transaction is through a Reseller.
  3. Breach. In years two and three, if Member does not renew the Minimum Number of Licenses on or before Member’s Anniversary Date, then Member has breached this Amendment and Adobe may terminate any licenses renewed during such annual renewal period under the partner pricing provided by this Amendment.
  4. Auto-renewal and Migration from VIP to VIP Marketplace. Member’s licenses will be migrated from VIP to VIP Marketplace during this Amendment Term. Once in VIP Marketplace Member must (i) set auto-renewal on for at least the Minimum Number of Licenses, and (ii) auto-renew at least the Minimum Number of Licenses on Member’s first and second Anniversary Date after the Effective Date.
  5. Unless otherwise expressly defined in this Amendment, capitalized terms used in this Amendment have the same meaning set forth in the Agreement or the Program Guide. Except for the additional terms provided in this Amendment, all other terms and conditions of the Agreement remain in full force and effect. Any inconsistency between this Amendment and the Agreement regarding the subject matter of this Amendment shall be resolved in favor of this Amendment. This Amendment may be executed in any number of counterparts, each of which will be deemed an original, but all of which together constitute one instrument.
  6. This Amendment is prepared and is executed in the English language only. The English language version is controlling in all respects, and any version of this Amendment in any other language, is not binding and has no effect. Further, each party agrees that signature by Member or Adobe on any non-English language version, even if there is no signature(s) on the English language version will be deemed execution of the English language version and binding on the parties. Without limiting the foregoing, if there is any conflict or inconsistency between the English language version of this Amendment and any other translated version of this Amendment, the English language version and interpretation will prevail. All communications or notices to be made or given pursuant to this Amendment and any disputes arising under this Amendment will be conducted or resolved in the English language.