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Exhibit 10.36
THIRD ADDENDUM TO
ADCENTER LICENSE, HOSTING AND SUPPORT
AGREEMENT
This Third Addendum is entered into by and between IAC
Search & Media, a Delaware corporation ("Partner") and
LookSmart, Ltd., a Delaware corporation ("LookSmart") and is the
third addendum to that certain AdCenter License, Hosting and
Support Agreement by and between Partner and LookSmart entered into
as of May 16, 2005, as amended by the parties in two addenda
effective January 2006 and May 2006, respectively (the
"Agreement").
This Third Addendum is effective as of January 1, 2007 (the
"Third Addendum Effective Date").
Partner and LookSmart wish to extend the term of their
relationship and amend certain terms and conditions of the
Agreement. Therefore, for good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, Partner
and LookSmart agree as follows:
1. Subscription Payment. Section 3a) is revised to
delete the table and the text following it and replace it with the
following:
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Time Period
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LookSmart *** Share of Partner
***
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***
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***
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***
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***
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***
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***
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Confidential
*** Material in the exhibit marked with a "***" has been omitted
pursuant to a request for confidential treatment filed with the
Securities and Exchange Commission. Omitted portions have been
filed separately with the Securities and Exchange Commission.
2. Term . The phrase "two years after the
Version 1.0 Launch Date" in Section 8a) is deleted and
replaced with the following: "December 31, 2009".
3. Termination. Section 8) c) is deleted in its
entirety and replaced with the following: "8) c) Termination by
Partner . Partner may terminate this Agreement by
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