EXHIBIT 10.48

     
 
   

  AMENDMENT AND JOINDER, dated as

  of April 6, 2005 (this “Amendment and

  Joinder”), to the Amended and Restated

  Registration Rights Agreement dated

  December 16, 2002 (the “Agreement”).

  among GREENFIELD ONLINE, INC., a

  Delaware corporation (the “Company”), and

  the Shareholders listed therein.

RECITALS

          In connection with the Purchase by the Company of all, or
substantially all of the outstanding shares of Ciao AG (“Ciao” and “Ciao
Shares”), from the shareholders listed on the signature pages thereto (the Ciao
Shareholders”), pursuant to a certain Share Purchase Agreement (the Share
Purchase Agreement”), between the Company and the Ciao Shareholders dated
April 6, 2005, the Company has requested that the C-1 Shareholders agree to
amend the Agreement to allow the Common Shares received by the Ciao Shareholders
in consideration of their Ciao Shares to join and be subject to the Agreement as
if such Common Shares were Series C-1 Shares and the holders thereof were
Series C-1 Shareholders. The C-1 Shareholders are willing to agree to such
amendment and joinder, but only on the terms and subject to the conditions set
forth herein.

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

     Section 1. Defined Terms. Unless otherwise defined herein, capitalized
terms shall be accorded the definitions assigned to them in the Agreement.

     Section 2. Amendments to the Registration Rights Agreement.

          2.1. The definition of Series C-1 Shareholders is replaced in its
entirety as follows:

          “Series C-1 Shareholders” means those Shareholders who purchased the
Company’s Series C-1 Convertible Participating Preferred Stock pursuant to the
Purchase Agreement, and those Shareholders who were issued Common Shares as
partial consideration for their sale to the Company of shares in Ciao AG, and
continue to own Restricted Shares.

          2.2. The definition of Series C-1 Registrable Shares is replaced in
its entirety as follows:

“Series C-1 Registrable Shares” means Restricted Shares that were converted into
Common Shares from the Company’s Series C-1 Convertible Participating Preferred
Stock or Common Shares issued by the Company in connection with a certain Share
Purchase Agreement between the Company and the shareholders of Ciao AG, dated
April 6, 2005.

-1-

--------------------------------------------------------------------------------

 

     Section 3. Joinder. The Ciao Shareholders listed on the signature pages
hereto each agree to join and become subject to the Agreement with respect of
the Common Shares that they receive from the Company as consideration for the
sale and conveyance to the Company of their Ciao Shares.

     Section 4. References to the Registration Rights Agreement. From and after
the date hereof, all references in the Registration Rights Agreement shall be
deemed to be references to Registration Rights Agreement after giving effect to
this Amendment and Joinder.

     Section 5. No Other Amendments. Except as expressly set forth herein, the
Agreement remains in full force and effect in accordance with its terms and
nothing contained herein shall be deemed (i) to be a waiver, amendment,
modification or other change of any term, condition or provision of the
Agreement (or a consent to any such waiver, amendment, modification or other
change), (ii) to be a consent to any transaction, (iii) to prejudice any right
or rights which the Shareholders may have under the Agreement, or (iv) to
entitle the Company to a waiver, amendment, modification or other change of any
term, condition or provision of the Agreement (or a consent to any such waiver,
amendment, modification or other change), or to a consent, in the future in
similar or different circumstances.

     Section 6. Further Assurances. The parties hereto agree to do such further
acts and things, and to execute and deliver such additional conveyances,
assignments, agreements and instruments, as the Company may at any time
reasonably request in connection with the administration and enforcement of this
Amendment and Joinder.

     Section 7. Notices. All notices, demands and requests of any kind to be
delivered to any party hereto in connection with this Amendment and Joinder
shall be delivered in accordance with the notice provisions contained in the
Agreement.

     Section 8. Headings. The headings used herein are for convenience of
reference only and shall not affect the construction of, nor shall they be taken
into consideration in interpreting, this Amendment and Joinder.

     Section 9. Counterparts. This Amendment and Joinder may be executed in any
number of separate counterparts, each of which shall be an original and all of
which taken together shall constitute one and the same instrument.

     Section 10. Applicable Law. THIS AMEDNMENT AND JOINDER SHALL BE GOVERNED BY
AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF
THE STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF
ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK TO BE APPLIED. IN FURTHERANCE
OF THE FOREGOING, THE INTERNAL LAWS OF THE STATE OF NEW YORK WILL CONTROL THE
INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH

-2-

--------------------------------------------------------------------------------

 

JURISDICTION’S CHOICE OF LAW OR CONFLICTS OF LAW ANALYSIS, THE SUBSTANTIVE LAW
OF SOME OTHER JURISDICTION WOULD ORDINARILY APPLY.

***** SIGNATURE PAGES FOLLOW *****

-3-

--------------------------------------------------------------------------------

 

GREENFIELD ONLINE, INC.

         
By
  /s/ Jonathan A. Flatow    

 

--------------------------------------------------------------------------------

    Jonathan A. Flatow     Secretary    

-4-

--------------------------------------------------------------------------------

 

          The foregoing Amendment and Joinder is hereby executed as of the date
first above written.

                              INSIGHT CAPTIAL PARTNERS         III, L.P.
 
                        INSIGHT CAPTIAL PARTNERS III,   By: Insight Venture
Associates, III,     L.P.   LLC, its general partner

  680 5th Ave                

  10th Floor                

  New York, New York 10019                

  Attention: Jeffrey Horing   By   /s/ Jeffrey Horing        

                        Tel: (212) 821-6325   Jeffrey Horing, Its Managing    
Fax: (212) 821-6333   Member
 
                   

  O’MELVENY & MYERS LLP                

  30 Rockefeller Plaza                

  New York, New York 10112                

  Telephone: 212-408-2443                

  Facsimile: 212-408-2420                

  Attn: Ilan S. Nissan, Esq.                
 
                            Social Security Number or Federal         Tax
Identification Number: _______

-5-

--------------------------------------------------------------------------------

 

          The foregoing Amendment and Joinder is hereby executed as of the date
first above written.

                              INSIGHT CAPTIAL PARTNERS         III, (CAMAN) L.P.
 
                            By: Insight Venture Associates, III,     INSIGHT
CAPTIAL PARTNERS III,   LLC, its general partner

  (CAMAN) L.P.                

  680 5th Ave                

  10th Floor                

  New York, New York 10019   By   /s/ Jeffrey Horing        

                        Attention: Jeffrey Horing   Jeffrey Horing, Its Managing
    Tel: (212) 821-6325   Member

  Fax: (212) 821-6333                
 
                   

  O’MELVENY & MYERS LLP                

  30 Rockefeller Plaza                

  New York, New York 10112                

  Telephone: 212-408-2443                

  Facsimile: 212-408-2420                

  Attn: Ilan S. Nissan, Esq.                
 
                            Social Security Number or Federal         Tax
Identification Number: _______

-6-

--------------------------------------------------------------------------------

 

          The foregoing Amendment and Joinder is hereby executed as of the date
first above written.

                              INSIGHT CAPTIAL PARTNERS III,        
(CO-INVESTORS) L.P.
 
                            By: Insight Venture Associates, III,     INSIGHT
CAPTIAL PARTNERS III,   LLC, its general partner

  (CO-INVESTORS) L.P.                

  680 5th Ave                

  10th Floor                

  New York, New York 10019   By   /s/ Jeffrey Horing        

                        Attention: Jeffrey Horing   Jeffrey Horing, Its Managing
    Tel: (212) 821-6325   Member

  Fax: (212) 821-6333                
 
                   

  O’MELVENY & MYERS LLP                

  30 Rockefeller Plaza                

  New York, New York 10112                

  Telephone: 212-408-2443                

  Facsimile: 212-408-2420                

  Attn: Ilan S. Nissan, Esq.                           Social Security Number or
Federal         Tax Identification Number: _______        

-7-

--------------------------------------------------------------------------------

 

          The foregoing Amendment and Joinder is hereby executed as of the date
first above written.

                              UBS CAPITAL II LLC
 
                   

      By   /s/ Lawrence R. Handen        

                   

  UBS Capital II LLC       Lawrence R. Handen, Partner        

  299 park Avenue   By   /s/ Mark Greene        

  34th Floor       Mark Greene, Partner        

  New York, New York 10171                

  Attention: Lawrence R. Handen                

  Tel: (212) 821-6325                

  Fax: (212) 821-6333                
 
                   

    with copies to:                

  Kaye, Scholer LLP                

  425 Park Avenue                

  New York, New York 10022                

  Attention:Mark S. Kingsley                

  Tel: (212) 836-7092                

  Fax: (212) 836-8689                
 
                   
 
                            Social Security Number or Federal Tax        
Identification Number: _______

-8-

--------------------------------------------------------------------------------

 

          The foregoing Amendment and Joinder is hereby executed as of the date
first above written.

                     

  GOL, L.L.C.                

  c/o Mesco Ltd.                

  470 Main Street                

  Suite 315   By            

                   

  Ridgefield, CT 06877       Joel R. Mesznik        

  Attention: Joel Mesznik                

  Tel: (203) 438-3939                

  Fax: (203) 438-4242                
 
                   

    with copies to:                

  Preston Gates & Ellis LLP                

  701 Fifth Avenue                

  Suite 5000                

  Seattle, WA 98104                

  Attention: Robert Jaffe, Esq.                

  Tel: (206) 623-7580                

  Fax: (206) 623-7022                         Social Security Number or Federal
        Tax Identification Number: _______

-9-

--------------------------------------------------------------------------------

 

          The foregoing Amendment and Joinder is hereby executed as of the date
first above written.

                     

  Burton J. Manning                

  655 Park Avenue, #8E                

  New York, NY 10021   By            

                   

  Tel: (212) 517-3337       Burton J. Manning        

  Fax: (212) 517-5338                
 
                            Social Security Number or Federal         Tax
Identification Number: _______

-10-

--------------------------------------------------------------------------------

 

          The foregoing Amendment and Joinder is hereby executed as of the date
first above written.

                     

  JOEL R. MESZNIK                

  c/o Mesco Ltd.   By            

                   

  470 Main Street       Joel R. Mesznik        

  Suite 315                

  Ridgefield, CT 06877                

  Attention: Joel Mesznik                

  Tel: (203) 438-3939                

  Fax: (203) 438-4242                
 
                   

    with copies to:                

  Preston Gates & Ellis LLP                

  701 Fifth Avenue                

  Suite 5000                

  Seattle, WA 98104                

  Attention: Robert Jaffe, Esq.                

  Tel: (206) 623-7580                

  Fax: (206) 623-7022                
 
                            Social Security Number or Federal         Tax
Identification Number: _______

-11-

--------------------------------------------------------------------------------

 

Agreed and acknowledged this 6th day of April 2005:

                                          CIAO SHAREHOLDER:     CIAO
SHAREHOLDER:    
 
                          /s/ Marcus Frederick Paul     /s/ i.v. Peter Nussbaum
    Marcus Frederick Paul

    Maximilian Ulrich Cartellieri                
 
                          CIAO SHAREHOLDER:     CIAO SHAREHOLDER:     Burda
Digital Ventures GmbH     Paarl Ventures GmbH    
 
                         
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum            

                         
Its
        Its                

                                     
 
                          CIAO SHAREHOLDER:     CIAO SHAREHOLDER:     Apax
Europe IV A LP     Index Ventures I (Jersey)    
 
                         
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum            

                         
Its
        Its                

                                     
CIAO SHAREHOLDER:    
CIAO SHAREHOLDER:    
 
                          /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum  
        Nicolas Metzke     Gunnar Piening                
 
                          CIAO SHAREHOLDER:     CIAO SHAREHOLDER:    
 
                          /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum  
        Irmgard Böhm     Caroline Beate Cartellieri                
 
                          CIAO SHAREHOLDER:     CIAO SHAREHOLDER:     Index
Ventures I (Delaware) L. P., Delaware     Index Ventures I Parallel Entrepreneur
Fund    

        (Jersey)   , L. P., Jersey            
 
                         
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum            

                         
Its
        Its                

                                     
 
                          CIAO SHAREHOLDER:     CIAO SHAREHOLDER:     Index
Ventures I GmbH & Co. KG, München     Index Venture Management SA, Genf    
 
                         
By
  /s/ i.v. Peter Nussbaum     By   /s/ i.v. Peter Nussbaum            

                         
Its
        Its                

                                   

-12-

--------------------------------------------------------------------------------

 

                                         
CIAO SHAREHOLDER:    
CIAO SHAREHOLDER:    
 
                          /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum  
        Florentin Kesel     Harald Einsmann                
 
                          CIAO SHAREHOLDER:     CIAO SHAREHOLDER:    
 
                          /s/ i.v. Peter Nussbaum     /s/ i.v. Peter Nussbaum  
        Hans Piening     Margit Piening                
CIAO SHAREHOLDER:    
CIAO SHAREHOLDERS’ REPRESENTATIVE:    
 
                          /s/ Peter Nussbaum     /s/ Peter Nussbaum          
Dr. Peter Nussbaum     Dr. Peter Nussbaum              

-13-