EXHIBIT 10.2

AMENDMENT NO. 1

AMENDMENT NO. 1, dated as of March 28, 2006 (this “Amendment”) to the Credit
Agreement (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”) among Jupitermedia Corporation, a Delaware corporation (the
“Borrower”), the Lenders party thereto (the “Lenders”), LaSalle Bank National
Association, as syndication agent, KeyBank National Association, as
documentation agent, and JPMorgan Chase Bank, N.A., as administrative agent for
the Lenders (in such capacity, the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make, and
have made, certain loans and other extensions of credit to the Borrower;

WHEREAS, the Borrower has requested, and, upon this Amendment becoming
effective, the Lenders have agreed, that certain provisions of the Credit
Agreement be amended as set forth below;

NOW, THEREFORE, the parties hereto hereby agree as follows:

SECTION 1. Defined Terms. Terms defined in the Credit Agreement and used herein
shall have the meanings given to them in the Credit Agreement.

SECTION 2. Amendment to Section 1.01 (Defined Terms). (a) Section 1.01 of the
Credit Agreement is hereby amended by inserting the following new definition in
the appropriate alphabetical order:

“Research Business” means the JupiterResearch division of the Borrower.

SECTION 3. Amendment to Section 7.07 (Disposition of Assets). Section 7.07 of
the Credit Agreement is hereby amended by (i) deleting the term “and” at the end
of clause (d) thereof, (ii) renaming clause (e) thereof as clause (f) and
(iii) inserting the following new clause (e) in the appropriate alphabetical
order:

“(e) the sale of the Research Business; and”

SECTION 4. Conditions to Effectiveness of Amendment. The amendments set forth
herein shall become effective on the date upon which each of the following
conditions precedent have been satisfied or waived:

(i) The Administrative Agent (or its counsel) shall have received a counterpart
of this Amendment, executed and delivered by a duly authorized officer of each
of (A) the Borrower and (B) the Required Lenders;

(ii) The Administrative Agent (or its counsel) shall have received a counterpart
of the Acknowledgment and Consent, substantially in the form attached hereto as
Exhibit A, executed and delivered by a duly authorized officer of each
Guarantor;

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(iii) The Borrower shall have paid all fees and expenses of the Administrative
Agent, in connection with this Amendment including the reasonable fees and
expenses of counsel to the Administrative Agent; and

(iv) After giving effect to the Amendment, no Default or Event of Default shall
have occurred and be continuing.

SECTION 5. Representations and Warranties. Each of the representations and
warranties made by the Borrower in or pursuant to the Loan Documents shall be
true and correct in all material respects on and as of the date hereof as if
made as of the date hereof, except for representations and warranties expressly
stated to relate to a specific earlier date, in which case such representations
and warranties were true and correct in all material respects as of such earlier
date; provided, that each reference to the Credit Agreement therein shall be
deemed to be a reference to the Credit Agreement after giving effect to this
Amendment.

SECTION 6. Effect on the Loan Documents. (a) Except as specifically amended
above, the Credit Agreement and all other Loan Documents shall continue to be in
full force and effect and are hereby in all respects ratified and confirmed.

(b) The execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of any Lender or the
Administrative Agent under any of the Loan Documents, nor constitute a waiver of
any provision of any of the Loan Documents.

SECTION 7. Expenses. The Borrower agrees to pay or reimburse the Administrative
Agent for all of its out-of-pocket costs and reasonable expenses incurred in
connection with this Amendment, any other documents prepared in connection
herewith and the transaction contemplated hereby, including, without limitation,
the reasonable fees and disbursements of counsel to the Administrative Agent.

SECTION 8. Affirmation of Guaranty and Credit Agreement. The Guarantors hereby
consent to this Amendment and hereby confirm, reaffirm and restate that their
obligations under or in respect of the Credit Agreement and the documents
related thereto to which they are a party are and shall remain in full force and
effect after giving effect to the foregoing Amendment.

SECTION 9. GOVERNING LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES HERETO SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK.

SECTION 10. Execution in Counterparts. This Amendment may be executed by one or
more of the parties to this Amendment on any number of separate counterparts,
and all of said counterparts taken together shall be deemed to constitute one
and the same instrument.

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by their respective proper and duly authorized officers
as of the day and year first above written.

JUPITERMEDIA CORPORATION

By: /s/ Christopher S. Cardell                            

Name: Christopher S. Cardell

Title: President and Chief Operating Officer

JP MORGAN CHASE BANK, N.A., as Administrative

Agent and Lender

By: /s/ David F. Gibbs                                        

Name: David F. Gibbs

Title: Senior Vice President

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Name of Institution: LaSalle Bank National Association

By: /s/ Nancy W. Lanzoni                                    

Name: Nancy W. Lanzoni

Title: First Vice President

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Name of Institution: KeyBank National Association

By: /s/ Jennifer A. O’Brien                                    

Name: Jennifer A. O’Brien

Title: VP

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Name of Institution: Citizens Bank of Massachusetts

By: /s/ William N. Clossey                                    

Name: William N. Clossey

Title: Vice President

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Name of Institution: The Northern Trust Company

By: /s/ Benjamin P. Livermore                              

Name: Benjamin P. Livermore

Title: Officer

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Name of Institution: Webster Bank

By: /s/ Albert M. Schenck                                    

Name: Albert M. Schenck

Title: Vice President

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EXHIBIT A

ACKNOWLEDGEMENT AND CONSENT

Each of the undersigned Guarantors hereby acknowledges and consents to the
foregoing Amendment No. 1.

 

JUPITERIMAGES CORPORATION

By:  

/s/ Christopher S. Cardell

 

Name: Christopher S. Cardell

Title: President

CREATAS, L.L.C

 

By:   JUPITERIMAGES CORPORATION,
as Managing Member

By:  

/s/ Christopher S. Cardell

 

Name: Christopher S. Cardell

Title: President

DYNAMIC GRAPHICS, INC. By:  

/s/ Christopher S. Cardell

 

Name: Christopher S. Cardell

Title: President

PICTUREQUEST LLC

By:  

/s/ Christopher S. Cardell

 

Name: Christopher S. Cardell

Title: President

PICTUREARTS CORPORATION By:  

/s/ Christopher S. Cardell

 

Name: Christopher S. Cardell

Title: President