Exhibit 10.63

 

FIRST AMENDMENT TO

AMENDED AND RESTATED

LIMITED LIABILITY COMPANY AGREEMENT

OF

CMGI @VENTURES IV, LLC

 

THIS FIRST AMENDMENT, dated as of the 16th day of August, 2001, to the Amended
and Restated Limited Liability Company Agreement dated as of July 27, 2001 (as
amended to date, the “Agreement”), of CMGI @Ventures IV, LLC, a Delaware limited
liability company (the “LLC”), is by and among CMG @Ventures Capital Corp. (the
“Class A Member”) and Two-thirds in Number of the persons named as Class B
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 undersigned hereby amend the Agreement as follows.

 

1. Amendment to Schedule B. Schedule B to the Agreement is hereby deleted, and
Schedule B attached hereto is substituted therefor, in order to reflect that (A)
(i) effective as of August 13, 2001, the relationship of Daniel Pawliw
(“Pawliw”) with all Employers has terminated, (ii) effective as of August 16,
2001, the relationship of Cara McCauley (“McCauley”) with all Employers has
terminated, and (iii) in each case, such termination constitutes an Event of
Forfeiture, and (B) effective as of the date hereof, the Profit Member
Percentage Interests of the Profit Members have been adjusted pursuant to and in
accordance with Section 8.03(a) and (b) of the Agreement.

 

Pursuant to and in accordance with the Agreement: (i) the Vested Percentage
Interest of Pawliw is 50%, and the Vested Percentage Interest of McCauley is
48.33%; (ii) the Investment Percentage Interest of each of Pawliw and McCauley
in each Investment in which she or 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 has
been 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 Pawliw or
McCauley which is attributable to the portion of her or his interest which has
been forfeited effective as of the date hereof shall be forfeited as provided in
Section 3.04(b)(iii).

 

Pawliw and McCauley shall continue to be subject to all other provisions of the
Agreement, including without limitation, Section 6.06(b), and the fourth to last
sentence in the definition of the term “Event of Forfeiture.”

 

2. Amendment to Article VIII. Article VIII is hereby amended by adding, at the
end thereof, the following new Section 8.05:

 

“8.05 Reallocation of Profit Member Investment Percentage Interests. The Class B
Members, by action of Two-thirds in Number of the Class B Members, may at any
time and from time to time, elect to modify, retroactively, the respective
Profit Member Investment Percentage Interests of the Profit Members and Former
Profit Members in any Investment which

 

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is owned by the LLC; provided, however, that no such modification shall reduce
the Investment Percentage Interest of any Profit Member or Former Profit Member
without the express written approval of any such Profit Member or Former Profit
Member. In no event shall the interest of the Class A Member in any Investment
be modified or adjusted as a result of this Section 8.05. In connection with any
such adjustment to the Investment Percentage Interests of the Members: (i) all
Members shall be bound by the determination of Two-thirds in Number of the Class
B Members, (ii) the records of the LLC, including the appropriate Investment
Schedules, shall be amended accordingly, and (iii) the amounts held in Vesting
Escrows for the Profit Members with respect to any Investment for which
adjustments are made pursuant to this Section 8.05 shall be adjusted so that,
following such adjustments, the amount of any Investment held in the Vesting
Escrows for the Profit Members shall be proportionate to the respective
Investment Percentage Interests of the Profit Members in such Investment.”

 

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

 

[Signature page follows.]

 

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

 

CLASS A MEMBER:

CMG @VENTURES CAPITAL CORP.

By  

/s/ David S. Wetherell

Name  

David S. Wetherell

Title  

President

CLASS B MEMBERS (to be signed by Two-thirds in Number hereof):

/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/ Lior E. Yahalomi

Lior E. Yahalomi

 

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CMGI @VENTURES IV, LLC

 

SCHEDULE B

 

PROFIT MEMBERS AND PROFIT MEMBER PERCENTAGE INTERESTS

 

Class B Members

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Profit Member Percentage Interest

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

Denise W. Marks

    1.7592%

Peter H. Mills

  26.9750%

David J. Nerrow, Jr.

  21.1109%

Marc D. Poirier

  19.9381%

Lior E. Yahalomi

  26.9750%

Former Profit Members (Class B)

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Profit Member Percentage Interest

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

Jonathan Callaghan

  -0-

John Scott Case

  -0-

Gary Curtis

  -0-

Josh Daniels

  -0-

Brad Garlinghouse

  -0-

Class C Members

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Profit Member Percentage Interest

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

Mainini Cabute

  0.02500%

Peter Cochran

  2.50000%

Charles Finnie

  NA     See Section 3.03(c)

Lynne Haro

  0.02500%

 

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Matthew Jennings

  0.08340%

Denise McCabe

  0.08340%

Jim Quagliaroli

  0.50000%

Lisa Scoma

  0.02500%

Former Profit Members (Class C)

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Profit Member Percentage Interest

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

Denise Ames

  -0-

John LaBarre

  -0-

Cara McCauley

  -0-

Daniel Pawliw

  -0-

Suresh Ramakrishnan

  -0-

Janet Veino

  -0-

 

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