Hello ,

PantherMedia launched its english website for our stock agency and photocommunity in early 2008. It was a natural requirement for our further international expansion. We have received many images from international contributors around the world and will continue to expand our sales activities into new markets.

We are delighted to introduce our new Polish website and sales team in Warsaw, Poland. In their own language:

Dzien dobry PantherMedia Polska!

Start of our sales activities in Poland

"Think global - act local" has always been our belief. This means:

• a dedicated website in the foreign language
• adjusted prices to meet the needs in the foreign country, foreign currency and payment procedure
• direct customer contact in the foreign language
• local marketing and advertising in the foreign country

We will launch the Polish website later this month and start our marketing and sales activities in Poland to serve our customers over there intensively. We gladly welcome our colleagues in Warsaw: Dzien dobry!

What you need to know as a contributor:

• Sales occuring in Poland will be brought to your account like sales happening in Germany. You will keep between 30% and 60% of the net price (commission overview).
• The basis for your commission is the Polish currency Zloty (PLN). We have adapted our prices for single images to meet the needs of the Polish market. The prices for our image subscriptions remain unchanged and were converted to the foreign currency; please view the prices in Zloty (PLN). Only customers in Poland can pay with the currency Zloty (PLN).
• Your commission will be converted to Euro based on the daily exchange rate on the day when an image was ordered.
• The new international offering will attract more and new customers in Poland to increase your revenues.

The next steps
The new price list for Poland will be valid from September 17th, 2009. With respect to the Author License Agreement (7.1) we hereby inform you about the new prices for our Polish image offering. In case you do not agree with these new prices, you are free to delete your images on PantherMedia within the next 14 days. Which, of course, would mean that your images will not be sold through PantherMedia and our network of international sales partners anymore.

Together with you we are happy to expand our common business into new countries and new markets within the next months.

All the best wishes to our new colleagues in Warsaw, Poland, and an excellent start.

Yours,
Robert Walters
and the complete PantherMedia Team

PantherMedia GmbH
Schillerstr. 40
80336 Munich
Germany

Internet: www.panthermedia.net
Email: info@panthermedia.net

Place of registry: Munich
Local Court Munich, HRB 154364
Board of Directors: Peter Ammel, Robert Walters
VAT-ID: DE238391457

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