Exhibit 10.3



 Exhibit 10.3 

Execution Copy 

FOURTH AMENDMENT TO SEARCH SERVICES AGREEMENT 

This Fourth Amendment to Search Services Agreement (“Fourth Amendment”) is entered into by and between AOL Inc.
(successor-in-interest to AOL LLC), a Delaware corporation, with its principal place of business at 770 Broadway, New York, NY 10003 (“AOL”), and Time Inc. (“TI”), a Delaware corporation with offices at 1271 Avenue
of the Americas, New York, New York 10020, effective as of February 28, 2010 (the “Fourth Amendment Effective Date”). 

INTRODUCTION 

The Parties hereto wish to amend the Search Services Agreement entered into by and between the AOL and TI on August 23, 2007, as
amended by the First Amendment dated as of March 10, 2009, Second Amendment dated as of December 17, 2009, and Third Amendment dated as of January 31, 2010 (collectively, the “Existing Agreement”). Together, the
Existing Agreement and this Fourth Amendment shall be referred to collectively as the “Agreement”. Capitalized terms not defined in this Fourth Amendment shall have the meanings set forth in the Existing Agreement. 

AGREEMENT 

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby amend the Existing
Agreement as follows: 
  

	1.	Term. Section 6.1 (titled, “Term”) of the Existing Agreement is hereby deleted in its entirety and replaced with the following:


 “This Agreement will commence on the Effective Date and shall expire at 11:59 p.m. (EST) on March 31,
2010, unless terminated earlier as provided for in this Agreement (the “Term”). TI may terminate this Agreement upon no less than three (3) days prior written notice to AOL if Google is prepared to provide search services
directly to TI.” 
  

	2.	Order of Precedence; Entire Agreement. Except as expressly modified by this Fourth Amendment, all terms and conditions, and provisions of the Existing
Agreement shall continue in full force and effect. In the event of conflict between the terms and conditions of the Existing Agreement and the terms and conditions of this Fourth Amendment, the terms and conditions of this Fourth Amendment will
control. The Existing Agreement, together with any exhibits, and schedules attached thereto and referenced therein, all as modified by this Fourth Amendment, constitutes the entire and exclusive agreement between the Parties with respect to the
subject matter thereof. 

  

	3.	Counterparts; Facsimile. This Fourth Amendment may be executed in counterparts, each of which shall be deemed an original and all of which together shall
constitute one and the same document. This Fourth Amendment may be executed by signatures transmitted by facsimile. 


IN WITNESS WHEREOF, the Parties have caused this Fourth Amendment to Search Services Agreement to be signed by their duly authorized
representatives and delivered as of the dates set forth below. 
  

									
	AOL INC.	 		 	TIME INC.
					
	By:	 	 /s/ Steven Quan
	 		 	By:	 	 /s/ Cyrus Beagley

	Name:	 	Steven Quan	 		 	Name:	 	Cyrus Beagley
	Title:	 	VP, Business Development	 		 	Title:	 	GM & SVP AD SALES & MARKETING
	Date:	 	2/25/10	 		 	Date:	 	2/26/10

  


			
	 Confidential
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