Third Amendment to Prioritized Listings Syndication Agreement between LookSmart, Ltd. and Search123, Inc.
This amendment updates the Prioritized Listings Syndication Agreement between LookSmart, Ltd. and Search123, Inc. It changes the effective date of the previous amendment to November 4, 2004, for certain sections of the agreement. All other terms of the original agreement remain unchanged. The amendment is effective as of June 24, 2005, and clarifies that its terms take precedence in case of any conflict with the original agreement.
Exhibit 10.55
THIRD AMENDMENT TO THE PRIORITIZED LISTINGS SYNDICATION AGREEMENT
BETWEEN LOOKSMART, LTD. AND SEARCH 123 INC.
This Third Amendment (the Third Amendment) to the Prioritized Listings Syndication Agreement dated as of August 21, 2001 (as amended to date, the Agreement) is entered into as of June 24, 2005 by and between LookSmart, Ltd., a Delaware corporation, (LookSmart) and Search123, Inc., a California corporation (Partner).
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree that during the term of this Third Amendment, the Agreement (as amended) shall be amended as follows:
1. | The effective date of the Second Amendment (entered into on February 8, 2005) shall be November 4, 2004, for purposes of Sections 3.1 and 3.2 of the Agreement. |
2. | All other terms of the Agreement not expressly modified herein shall remain in full force and effect. |
IN WITNESS WHEREOF, the Parties have executed this Third Amendment as of the date set forth above. In the event of any conflict between the terms hereof and the terms of the Agreement, the terms hereof shall govern. This Third Amendment may be executed in counterparts, each of which may be an original or fax copy, and all of which together shall form one instrument.
LookSmart Ltd. | Search123, Inc. | |||||||
By: | /s/ Bryan Everett | By: | /s/ James Beriker | |||||
Name: Bryan Everett | Name: James Beriker | |||||||
Title: SVP, Sales | Title: GM, ValueClick Search |