Extension of Standstill Agreement between Vinod Gupta and infoGROUP Inc. (July 18, 2008)

Contract Categories: Business Finance › Waiver Agreements
Summary

This agreement is between Vinod Gupta and infoGROUP Inc. It extends the period during which Mr. Gupta agrees not to acquire additional securities of the company, now covering July 22, 2008 through July 21, 2009. All other terms of the original Standstill Agreement remain unchanged. The agreement is confirmed by both parties' signatures.

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EX-10.3 2 d58655exv10w3.htm AGREEMENT exv10w3
Exhibit 10.3
July 18, 2008
PERSONAL & CONFIDENTIAL
Board of Directors
infoGROUP Inc.
Gentlemen:
     I hereby make reference to the letter agreement between myself and infoGROUP Inc. (f/k/a infoUSA Inc.) (the “Company”) dated July 21, 2006, as amended by the letter agreement dated July 20, 2007 (as amended, the “Standstill Agreement”), in which I agreed not to acquire any additional securities of the Company subject to the terms and conditions set forth therein.
     I am writing to confirm my agreement to extend the “Covered Period,” as defined in the Standstill Agreement, to include the period from 12:00 a.m. on July 22, 2008 to and including 11:59 p.m. on July 21, 2009. All other terms of the Standstill Agreement remain in effect without modification.
     Please return an executed copy of this letter to me to acknowledge your acceptance.
         
     
  /s/ Vinod Gupta    
  Vinod Gupta   
     
 
ACCEPTED AND AGREED as of the date first written above:
infoGROUP Inc.
         
     
/s/ Bill L. Fairfield      
By:   Bill L. Fairfield     
Its:   Chairman, Board of Directors of infoGROUP Inc. (acting on authority of the Board of Directors of the Company)