Exhibit 10.76

 

SECOND AMENDMENT TO

LIMITED LIABILITY COMPANY AGREEMENT

OF

@VENTURES PARTNERS III, LLC

 

THIS SECOND AMENDMENT, effective as of the 31st day of December, 2000, to the
Limited Liability Company Agreement dated as of June 30, 1999 (as amended to
date, the “Agreement”), of @Ventures Partners III, LLC, a Delaware limited
liability company (the “LLC”), is by and among the persons named as Members on
Schedule A to the Agreement. Capitalized terms used herein, and not otherwise
defined herein, shall have the respective meanings ascribed to them in the
Agreement.

 

For good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the Members hereby amend the Agreement as follows.

 

1. Treatment of Mr. Garlinghouse in Respect of Event of Termination. Effective
as of the date hereof, Mr. Garlinghouse’s relationship with all Employers has
terminated, and such termination constitutes an Event of Forfeiture. The Members
and Mr. Garlinghouse agree that, notwithstanding any provision of the Agreement
to the contrary, (i) such Event of Forfeiture shall not constitute a Clause Z
Event, and (ii) Mr. Garlinghouse’s Vested Percentage shall equal 40%. Therefore,
effective as of the date hereof, (a) Mr. Garlinghouse’s Percentage Interest has
been reduced to zero; (b) Mr. Garlinghouse’s Investment Percentage Interest in
each Investment in which he participates has been reduced in accordance with
Section 3.04(b)(ii) of the Agreement and the Investment Percentage Interest of
the other Members participating in such Investments shall be increased to the
extent and in the manner provided in Section 3.04(b)(ii); and (c) any amount
held in any Vesting Escrow for the benefit of Mr. Garlinghouse which is
attributable to the portion of his interest which has been forfeited effective
as of the date hereof shall be forfeited as provided in Section 3.04(b)(iii).
Mr. Garlinghouse shall continue to be subject to all other provisions of the
Agreement, including without limitation, Sections 3.01(b)(ii) and (iii),
3.04(b)(iv), 3.04(c) and 6.06(b), and the last sentence in the definition of the
term “Event of Forfeiture.”

 

2. No Other Amendments. In all other respects, the Agreement is hereby ratified
and confirmed.

 

[Signature pages follow.]

 

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

IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date
first above written.

 

CAPITAL MEMBER: CMG @VENTURES CAPITAL CORP.

By

 

/s/ Andrew J. Hajducky III

Name

 

Andrew J. Hajducky III

Title

 

CFO

 

MANAGING MEMBERS:

/s/ Guy A. Bradley

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

Guy A. Bradley

 

/s/ Jonathan Callaghan

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

Jonathan Callaghan

 

/s/ Brad Garlinghouse        1/20/01

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

Brad Garlinghouse

 

/s/ Andrew J. Hajducky, III

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

Andrew J. Hajducky, III

 

/s/ Denise W. Marks

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

Denise W. Marks

 

/s/ Peter H. Mills

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

Peter H. Mills

 

/s/ David J. Nerrow, Jr.

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

David J. Nerrow, Jr.

 

/s/ Marc Poirier

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

Marc Poirier

 

/s/ David S. Wetherell

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

David S. Wetherell

 

- 2 -