THIRD AMENDMENT TO SEARCH SERVICES AGREEMENT

Exhibit 10.2

Execution Copy

THIRD AMENDMENT TO SEARCH SERVICES AGREEMENT

This Third Amendment to Search Services Agreement (“Third Amendment”) is entered into by and between AOL Inc. (successor-in-interest to AOL LLC), a Delaware corporation, with its principal place of business at 770 Broadway, New York, NY 10003 (“AOL”), and Time Inc. (“TI”), a Delaware corporation with offices at 1271 Avenue of the Americas, New York, New York 10020, effective as of January 31, 2010 (the “Third Amendment Effective Date”).

INTRODUCTION

The Parties hereto wish to amend the Search Services Agreement entered into by and between the AOL and TI on August 23, 2007, as amended by the First Amendment dated as of March 10, 2009 and Second Amendment dated as of December 17, 2009 (collectively, the “Existing Agreement”). Together, the Existing Agreement and this Third Amendment shall be referred to collectively as the “Agreement”. Capitalized terms not defined in this Third Amendment shall have the meanings set forth in the Existing Agreement.

AGREEMENT

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby amend the Existing Agreement as follows:

“This Agreement will commence on the Effective Date and shall expire at 11:59 p.m. (EST) on February 28, 2010, unless terminated earlier as provided for in this Agreement (the “Term”). TI may terminate this Agreement upon no less than three (3) days prior written notice to AOL if Google is prepared to provide search services directly to TI.”

IN WITNESS WHEREOF, the Parties have caused this Third Amendment to Search Services Agreement to be signed by their duly authorized representatives and delivered as of the dates set forth below.