Exhibit 10.3

 

AMENDMENT NO. 2 TO EMPLOYMENT AGREEMENT

 

THIS AMENDMENT NO. 2 (this “Amendment No. 2”) is made by and between United
Online, Inc., a Delaware corporation (the “Company”), and Charles B. Ammann (the
“Employee”), effective as of July 29, 2013.

 

RECITALS

 

WHEREAS, the Company and the Employee entered into an Employment Agreement on
February 7, 2011, as amended by the Amendment dated as of January 25, 2013 (as
amended, the “Agreement”); and

 

WHEREAS, the Company and the Employee now wish to amend the Agreement as set
forth below.

 

NOW, THEREFORE, in consideration of the foregoing, and for other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the undersigned, intending to be legally bound hereby, agree as
follows:

 

1.                                      Section 1(a) of the Agreement is hereby
amended by deleting the reference to “February 15, 2014” and replacing it with
“February 15, 2015”.

 

2.                                      Except as modified by this Amendment
No. 2, the Agreement shall remain in full force and effect.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the Company and the Employee have executed this Amendment
No. 2, in the case of the Company by a duly authorized officer, as of the date
stated in the opening paragraph.

 

UNITED ONLINE, INC.

 

 

 

 

 

 

 

 

/s/ Mark R. Goldston

 

Date: July 29, 2013

By:

Mark R. Goldston

 

 

 

Chairman, President and Chief Executive Officer

 

 

 

 

 

 

 

 

EMPLOYEE

 

 

 

 

 

 

 

 

/s/ Charles B. Ammann

 

Date: July 29, 2013

Charles B. Ammann

 

 

 

2

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