Document:

EX-10.1

FIRST MODIFICATION OF LOAN DOCUMENTS

THIS FIRST MODIFICATION OF LOAN DOCUMENTS (this “Agreement”) is made as of the      day of
August, 2007, by and among NNN VF WOODSIDE CORPORATE PARK, LLC, a Delaware limited liability
company (“Borrower”), TRIPLE NET PROPERTIES, LLC, a Virginia limited liability company, NNN VALUE
FUND, LLC, a Delaware limited liability company (the “Corporate Guarantors”), and ANTHONY W.
THOMPSON, an individual (the “Individual Guarantor”; each Corporate Guarantor and the Individual
Guarantor are sometimes referred to herein individually as a “Guarantor” and collectively as the
“Guarantors”), and WCRT SELLER LLC, an Illinois limited liability company, its successors and
assigns (“Lender”).

RECITALS

A. Wrightwood Capital Lender LLC, an Illinois limited liability company (the “Original
Lender”) made a loan to Borrower (the “Loan’’) in the principal amount of up to Nineteen Million
Seven Hundred and no/00 Dollars ($19,700,000.00) pursuant to the terms and conditions of a Loan and
Security Agreement dated as of September 30, 2005 (the “Loan Agreement”). The Loan is evidenced by
a Note dated as of September 30, 2005 executed by Borrower made payable to Original Lender in the
principal amount of the Loan (the “Note”).

B. The Loan is secured by (i) a Deed of Trust, with Assignment of Leases and Rents, Security
Agreement and Fixture Filing (the “Deed of Trusty’) dated as of September 30, 2005 executed by
Borrower for the benefit of Original Lender and recorded on October 4, 2005 with the County Clerk
for Washington County, Oregon (the “Recorder’s Office”) as Document No. 2005-122228, which Deed of
Trust encumbers the real property legally described on Exhibit A of the Deed of Trust (the
“Premises”); (ii) a Recourse Agreement (the “Corporate Guaranty”) dated September 30, 2005 executed
by Corporate Guarantors in favor of Original Lender; (iii) a Recourse Agreement (the “Individual
Guaranty”) dated September 30, 2005 executed by Individual Guarantor in favor of Original Lender;
and (iv) certain other loan documents described in the Loan Agreement (the Loan Agreement, Note,
Deed of Trust, Corporate Guaranty, Individual Guaranty and the other documents evidencing, securing
and guarantying the Loan, as amended and assigned from time to time, are sometimes collectively
referred to herein as the “Loan Documents”).

C. The Loan and the Loan Documents were assigned by (i) Original Lender to CF First U, L.L.C.,
an Illinois limited liability company (“CF First U”), pursuant to an Assignment of Deed of Trust,
With Assignment of Leases and Rents, Security Agreement and Fixture Filing and Other Loan Documents
dated as of September 30, 2005 and recorded on January 17, 2006 with the Recorder’s Office as
Document No. 2006-005170, and (ii) CF First U to Lender pursuant to an Assignment of Deed of Trust
and Other Loan Documents dated as of December 20, 2005 and recorded with the Recorder’s Office on
January 30, 2006 as Document No. 2006- 010836.

D. Lender and Borrower wish to amend the Loan Agreement and the other Loan Documents to amend
certain provisions of the Loan Documents, as hereinafter set forth.

NOW, THEREFORE, in consideration of the Recitals set forth above, the agreement by Lender to
modify the Loan Documents, as provided herein, the covenants and agreements contained herein, and
for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Borrower, Guarantors and Lender hereby agree as follows:

1. Acceleration of Maturity Date. Section 2.3.l(f) of the Loan Agreement is hereby
deleted in its entirety and the following is inserted in lieu thereof:

	 	 	 	“(f) Notwithstanding anything herein to the contrary, if on April 1, 2007 the
Premises is not generating Net Operating Income of at least $1,300,000 per year, as
determined by Lender, the Maturity Date shall be accelerated to October 31, 2007,
provided that if, on or before October 31, 2007, Borrower delivers to Lender an
executed Approved Lease with the State of Oregon for approximately 48,397 rentable
square feet comprising the entire building known as “Greystone 111”, then the Maturity
Date shall be automatically extended to January 31,2008.”

Any reference in the Note, the Deed of Trust, the Loan Agreement or any other Loan Document to
the Maturity Date shall mean the Maturity Date, subject to acceleration as set forth in the Loan
Agreement as modified by this Agreement.

2. Borrower Acknowledgements. Borrower hereby acknowledges the following:

(a) The Net Operating Income requirement set forth in Section 2.3.l(f) of the Loan Agreement
(as modified by this Agreement) was not met, and therefore the Maturity Date shall be accelerated
pursuant to the terms of Section 2.3.l(f) of the Loan Agreement (as modified by this Agreement).

(b) The proposed lease with the State of Oregon will be a Major Lease and, notwithstanding
anything in this Agreement, will be subject to the Lender consent provisions set forth in Section
5.1.4(a) of the Loan Agreement.

3. Representations and Warranties of Borrower. Borrower hereby represents, covenants
and warrants to Lender as follows:

(a) The representations and warranties in the Loan Agreement, the Deed of Trust and the other
Loan Documents are true and correct as of the date hereof.

(b) There is currently no Event of Default (as defined in the Loan Agreement) under the Loan
Agreement, the Deed of Trust or the other Loan Documents and Borrower does not know of any event or
circumstance which, with the giving of notice or the passage of time, or both, would constitute an
Event of Default under the Loan Agreement, the Deed of Trust or the other Loan Documents.

(c) The Loan Documents are in full force and effect and, following the execution and delivery
of this Agreement, the Loan Documents continue to be the legal, valid and binding obligations of
Borrower enforceable in accordance with their respective terms, subject to limitations imposed by
general principles of equity.

(d) There has been no material adverse change in the financial condition of Borrower,
Guarantors or any other party whose financial statement has been delivered to Lender in connection
with the Loan from the date of the most recent financial statement received by Lender.

(e) As of the date hereof, Borrower has no claims, counterclaims, defenses or set-offs with
respect to the Loan or the Loan Documents, as modified herein.

(f) Borrower validly exists under the laws of the State of its formation or organization and
has the requisite power and authority to execute and deliver this Agreement and to perform the Loan
Documents, as modified herein. The execution and delivery of this Agreement and the performance of
the Loan Documents, as modified herein, have been duly authorized by all requisite action by or on
behalf of Borrower. This Agreement has been duly executed and delivered on behalf of Borrower.

4. Expenses. As a condition precedent to the agreements contained herein, Borrower
shall pay to Lender all reasonable out-of-pocket costs and expenses incurred by Lender in
connection with this Agreement, including, without limitation, reasonable attorneys’ fees and
expenses.

5. Reaffirmation of Guaranty and Individual Guaranty. Each Guarantor hereby ratifies
and affirms the Corporate Guaranty and Individual Guaranty, as applicable, and agrees that the
Corporate Guaranty and Individual Guaranty are in full force and effect following the execution and
delivery of this Agreement. The representations and warranties of Guarantors, as contained in the
Corporate Guaranty and Individual Guaranty, are, as of the date hereof, true and correct and
Guarantors do not know of any default thereunder. The Corporate Guaranty and Individual Guaranty
continue to be the valid and binding obligations of Guarantors, as applicable, enforceable in
accordance with their respective terms and Guarantors have no claim or defense to the enforcement
of the rights and remedies of Lender thereunder, except as specifically provided otherwise in the
Corporate Guaranty and Individual Guaranty.

6. Miscellaneous.

(a) This Agreement shall be governed by and construed in accordance with the laws of the State
of Illinois.

(b) This Agreement shall not be construed more strictly against Lender than against Borrower
or Guarantors merely by virtue of the fact that the same has been prepared by counsel for Lender,
it being recognized that Borrower, Guarantors and Lender have contributed substantially to the
preparation of this Agreement, and Borrower, Guarantors and Lender each acknowledge and waive any
claim contesting the existence and adequacy of the consideration given by the other in entering
into this Agreement. Each of the parties to this Agreement represent that is has been advised by
its respective counsel of the legal and practical effect of this Agreement and recognizes that it
is executing and delivering this Agreement, intending thereby to be legally bound by the terms and
provisions thereof, of its own free will, without promises or threats or the exertion of duress
upon it. The signatories hereto state that they have read and understand this Agreement, that they
intend to be legally bound by it and that they expressly warrant and represent that they are duly
authorized and empowered to execute it,

(c) The execution of this Agreement by Lender shall not be deemed to constitute Lender a
venturer or partner of or in any way associated with Borrower or Guarantors nor shall privity of
contract be presumed to have been established with any third party.

(d) Borrower, Guarantors and Lender each acknowledges that there are no other understandings,
agreements or representations, either oral or written, express or implied, that are not embodied in
the Loan Documents and this Agreement, which collectively represent a complete integration of all
prior and contemporaneous agreements and understandings of Borrower, Guarantors and Lender; and
that all such prior understandings, agreements and representations are hereby modified as set forth
in this Agreement. Except as expressly modified hereby, the terms of the Loan Documents are and
remain unmodified and in full force and effect.

(e) This Agreement shall bind and inure to the benefit of the parties hereto and their
respective heirs, executors, administrators, successors and assigns.

(f) Any references to the “Note,” “Deed of Trust,” “Loan Agreement” or the “Loan Documents,”
contained in any of the Loan Documents shall be deemed to refer to the Note, the Deed of Trust, the
Loan Agreement and the other Loan Documents as amended hereby. The paragraph and section heading
used herein are for convenience only and shall not limit the substantive provisions hereof. All
words herein which are expressed in the neuter gender shall be deemed to include the masculine,
feminine and neuter genders. Any word herein which is expressed in the singular or plural shall be
deemed, whenever appropriate in the context, to include the plural and the singular.

(g) This Agreement may be executed in one or more counterparts, all of which, when taken
together, shall constitute one original Agreement.

(h) Time is of the essence of each of Borrower’s obligations under this Agreement.

[Signature page to follow]

1

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written.

	 	 	 
	
 
	 	BORROWER:
	
 
	 	 
	LENDER:

WCRT SELLER LLC, an Illinois

limited liability company

By: /s/ Terry Moore

Name: Terry D. Moore

Its: Vice President

	 	NNN VF WOODSIDE CORPORATE PARK, LLC, a

Delaware limited liability company

By: Triple Net Properties, LLC, a

Virginia limited liability company, its

manager

By: /s/ Richard Hutton

Name: Richard Hutton

Its: EVP
	
 
	 	CORPORATE GUARANTORS:
	
 
	 	 
	INDIVIDUAL GUARANTOR:

/s/ Anthony W. Thompson

ANTHONY W. THOMPSON

	 	TRIPLE NET PROPERTIES, LLC, a Delaware

limited liability company

By: /s/ Richard Hutton

Name: Richard Hutton

Its: EVP

NNN 2003 VALUE FUND, LLC, a Delaware

limited liability company

By: Triple Net Properties, LLC, a

Virginia limited liability company, its

manager

By: /s/ Richard Hutton

Name: Richard Hutton

Its: EVP

2EX-10.1

Exhibit 10.1

KEY EMPLOYEE AGREEMENT

This KEY EMPLOYEE AGREEMENT (the “Agreement”) is made and entered into as of the
13th day of September, 2007, by and between ValueClick, Inc. a Delaware
corporation (“the Company” or “ValueClick”) and John Pitstick (“Executive”).

WHEREAS, the Company is a global online marketing services organization enabling
advertisers to take advantage of the Internet to sell their products and increase brand
awareness;

WHEREAS, Executive possesses unique technical and financial skills which are valuable
to the business and financial prospects of the Company; and

WHEREAS, in light of the foregoing, the Company desires to employ Executive as Chief
Financial Officer and Executive desires to accept such employment.

NOW THEREFORE, in consideration of the mutual promises contained herein, the Company
and Executive agree as follows:

	I.	 	Description of Employment Position and Responsibilities.

You will serve in the position of Chief Financial Officer. By executing this Agreement, you
agree to assume and discharge such duties and responsibilities as are commensurate with this
position and such other duties and responsibilities that are assigned to you from time to
time by the Company’s Chief Executive Officer and Board of Directors. During the term of
your employment, you shall devote your full time, skill and attention to your Company duties
and responsibilities and shall perform them faithfully, diligently and competently. In
addition, you shall comply with and be bound by the operating policies, procedures and
practices of the Company in effect from time to time during your employment. To the fullest
extent permitted by Delaware law, the Company shall indemnify and defend Executive from all
costs, expenses and losses whether direct or indirect, including consequential damages and
attorney’s fees, incurred or sustained by Executive in consequence of the lawful discharge
of his duties on the Company’s behalf.

	 	 	 	 	 	 	 
	II.	 	Employment Considerations.
	
 
	 	 	2.1	 	 	At-Will Employment.
	
 
	 	 	 	 	 	 

Executive acknowledges that his employment with the Company is for an unspecified duration
that constitutes at-will employment, and that either Executive or the Company can terminate
this relationship at any time, with or without Cause (as defined below) and with or without
notice.

	 	 	 	 	 	 	 
	III.	 	Compensation.
	
 
	 	 	3.1	 	 	Base Salary.
	
 
	 	 	 	 	 	 

In consideration of Executive’s services, to be effective on September 16, 2007, Executive
will be paid an annual base salary of $300,000 (Three Hundred Thousand Dollars and no
Cents), payable no less frequently than on a monthly basis in accordance with the Company’s
standard payroll practices (“Standard Payment Schedule”). Executive’s base salary and
bonus, in conjunction with his performance evaluation, will be reviewed on no less than an
annual basis by the Company’s Chief Executive Officer, Board of Directors or the
Compensation Committee of the Board of Directors.

3.2 Incentive Compensation.

In addition to Executive’s base salary, Executive will be entitled to participate in an
incentive compensation plan for 2008 and subsequent years based upon terms to be approved by
the Compensation Committee of the Company’s Board of Directors. For the period from October
1, 2007 through December 31, 2007, Executive will be guaranteed a bonus payment of $50,000.

	 	 	 	 	 	 	 
	IV.	 	Additional Benefits.
	
 
	 	 	4.1	 	 	Health Insurance/Vacation/Benefit Plans.
	
 
	 	 	 	 	 	 

Executive will be entitled to receive the standard employee benefits made available by the
Company to its employees to the full extent of his eligibility therefore. Executive shall
be entitled to three (3) weeks of paid vacation per year. The terms and conditions of
Executive’s vacation benefits shall be in accordance with the Company’s vacation policy in
effect at that time. During Executive’s employment, Executive shall be permitted, to the
extent eligible, to participate in any group medical, dental, life insurance and disability
insurance plans, or similar benefit plan of the Company that is available to employees
generally. Participation in any such plan shall be consistent with Executive’s rate of
compensation to the extent that compensation is a determinative factor with respect to
coverage under any such plan.

4.2 Reimbursement of Expenses.

The Company shall reimburse Executive for all reasonable expenses actually incurred or paid
by Executive in the performance of his services on behalf of the Company, in accordance with
the Company’s expense reimbursement policy as from time to time in effect.

4.3 Stock Options.

Pursuant to Board approval, and under the terms and conditions of the Company’s Stock Option
Plan and Stock Option Agreement, including the stock vesting provisions contained therein,
Executive may be granted an option to purchase shares of the Company’s common stock from
time to time (the options you have previously been granted and any and all options Executive
may be granted in the future are collectively referred to herein as the “Options”).

	V.	 	Termination; Change of Control Benefits.

5.1 Voluntary Termination; Cause.

At any time, if Executive’s employment is terminated by the Company with Cause, or if
Executive resigns his employment voluntarily, no compensation or other payments will be paid
or provided to Executive for periods following the date when such a termination of
employment is effective, provided that any rights Executive may have under the benefit plans
of the Company shall be determined under the provisions of those plans. If Executive’s
employment terminates as a result of his death or disability, no compensation or payments
will be made to Executive other than those to which Executive may otherwise be entitled
under the benefit plans of the Company.

5.2 Change of Control Compensation.

In the event there should occur a Change of Control (as defined below), and (i) Executive’s
employment by the Company terminates for any reason other than for Cause or on account of
Executive’s permanent disability or death or (ii) there occurs a Constructive Termination
(as defined below), the Company will pay to Executive as severance, in one lump sum amount
(unless Executive indicates in writing to the Company prior to the Company’s payment of his
election to be paid in installments over a specified period) an amount equal to one year of
Executive’s annual base salary in effect immediately prior to the time of such termination.
Such amount will be paid by the Company as soon as administratively possible following such
termination, but in all events not later than fifteen (15) days following the effective date
of such termination. Such amounts paid will be reduced by all applicable withholding taxes
and other deductions required by law and any additional amounts authorized by Executive to
be withheld.

5.3 Other Change of Control Benefits.

In addition to any amounts payable under Section 5.2 above, upon the occurrence of a Change
of Control and (i) Executive’s employment by the Company terminates for any reason other
than for Cause or on account of Executive’s permanent disability or death or (ii) there
occurs a Constructive Termination, one hundred percent (100%) of the Options shall be
immediately exercisable.

5.4 Change of Control Definitions. For purposes of this Agreement:

(a) A “Change of Control” will be deemed to occur upon consummation of any one of the
following:

(i) a sale, lease or other disposition of all or any material portion of the
assets of the Company;

(ii) a merger, consolidation or other reorganization in which the Company is not
the surviving corporation and the stockholders of the Company immediately prior to
the merger, consolidation or other reorganization fail to possess direct or indirect
ownership of more than fifty percent (50%) of the voting power of the securities of
the surviving corporation (or if the surviving corporation is a controlled affiliate
of another Person, then the required beneficial ownership will be determined with
respect to the securities of that Person which controls the surviving corporation and
is not itself a controlled affiliate of any other Person) immediately following such
transaction; and

(iii) a merger, consolidation or other reorganization in which the Company is
the surviving corporation and the stockholders of the Company immediately prior to
such merger, consolidation or other reorganization fail to possess direct or indirect
beneficial ownership of more than fifty percent (50%) of the voting power of the
securities of the Company (or if the Company is a controlled affiliate of another
Person, then the required beneficial ownership will be determined with respect to the
securities of that Person which controls the Company and is not itself a controlled
affiliate of any other Person) immediately following such transaction.

For purposes of Sections 5.4(a)(ii) and 5.4(a)(iii) above, any Person who acquired
securities of the Company prior to the occurrence of the specified transaction in
contemplation of such transaction and who immediately after such transaction possesses
direct or indirect beneficial ownership of at least ten percent (10%) of the securities of
the Company or the surviving corporation, as appropriate (or if the Company or the surviving
corporation is a controlled affiliate of the appropriate Person as determined above), will
not be included in the group of stockholders of the Company immediately prior to such
transaction.

(b) A “Constructive Termination” means any of the following occurring after a Change of
Control:

(i) a reduction, without Executive’s written consent, in Executive’s
then-current annual base salary;

(ii) a reduction, without Executive’s written consent, in Executive’s
then-current job responsibilities or duties; or

(iii) a relocation of Executive’s principal place of employment outside the
state of California.

(c) “Cause” means (i) a final conviction of a felony or a crime involving moral
turpitude causing material harm to the standing and reputation of the Company; (ii) refusal
to comply with reasonable directives of the Company’s Board of Directors; (iii) negligence
or reckless or willful misconduct in the performance of Executive’s duties; (iv) failure to
perform, or continuing neglect in the performance of, Executive’s duties; (v) misconduct
which has a materially adverse effect upon the Company’s business or reputation; (vi)
violation of the Company’s policies, including, without limitation, the Company’s policies
on equal employment opportunity and prohibition of unlawful harassment.

(d) “Person” means an individual, corporation, partnership, limited liability company,
association, trust, unincorporated organization or other legal entity including any
governmental entity.

	VI.	 	Assumption.

Prior to or upon consummation of the Change of Control, the Company shall obtain the
assumption of this Agreement by the surviving corporation of any merger, consolidation or
other reorganization (if such surviving corporation is not the Company) and the ultimate
parent of the Person engaging in the transaction or transactions constituting a Change of
Control.

	VII.	 	Intellectual Property Rights/Confidential Information.

Executive agrees that the Company is the owner of valuable trade secrets, client, vendor,
customer and contractor lists and other confidential and proprietary information. As such,
Executive agrees that his employment is contingent upon Executive’s execution of, and
delivery to, the Company of a Confidential Information and Invention Assignment Agreement in
the standard form utilized by the Company.

	VIII.	 	Non-Competition/Conflicting Employment.

Executive agrees that, during the term of his employment with the Company, Executive will
not engage in any other employment, occupation, consulting or other business activity
directly related to the business in which the Company and/or its customers are now involved
or become involved in during the term of Executive’s employment, nor will Executive engage
in any other activities that conflict with Executive’s obligations to the Company.

	IX.	 	Arbitration.

9.1 Arbitration Generally. Executive and the Company expressly agree that, to the
extent permitted by law and to the extent that the enforceability of this Agreement is not
thereby impaired, any and all disputes, controversies or claims between Executive and the
Company, including, without limitation, those arising out of or concerning Executive’s
employment by the Company or its termination or this Agreement, and including, without
limitation, claims by Executive against the Board of Directors or any employees of the
Company, whether arising under theories of liability or damages based on contract, tort or
statute, shall be determined exclusively by final and binding arbitration before a single
arbitrator in accordance with the National Rules For the Resolution of Employment Disputes
of the American Arbitration Association, or successor rules then in effect, and that
judgment upon the award of the arbitrator may be rendered in any court of competent
jurisdiction. Claims subject to exclusive final and binding arbitration under this
Agreement include, without limitation, claims that otherwise could be tried in court to a
jury in the absence of this Agreement. Such claims include, without limitation, statutory
claims for employment discrimination based on race, color, national origin, sex, religion,
disability, age, harassment of any type, and other statutory or constitutional claims for
employment discrimination; claims for wrongful termination including employment termination
in violation of public policy; and claims for personal injury including, without limitation,
defamation, fraud, and infliction of emotional distress. As a material part of this
agreement to arbitrate claims, Executive expressly waives all rights to a jury trial in
court on all statutory or other claims including, without limitation, those identified in
this Section IX.

9.2 Location of Arbitration; Applicable Law.

The arbitration shall be held in Los Angeles, California, and this Agreement shall be
construed according to the substantive law of the State of California as provided in this
Section IX.

9.3 AAA Arbitration.

The arbitration shall be administered by the American Arbitration Association, and the
arbitrator shall be selected from a list of arbitrators provided by the American Arbitration
Association following a request by the party seeking arbitration for a list of five retired
or former jurists with substantial professional experience in employment matters. The
arbitration shall be conducted under the procedures applicable to arbitrations in the state
of California. The arbitrator’s authority and jurisdiction shall be limited to determining
the dispute in arbitration in conformity with law, to the same extent as if such dispute
were determined as to liability and any remedy by a court without a jury. The arbitrator
shall render an award which shall include a written statement of opinion setting forth the
arbitrator’s findings of fact and conclusions of law.

9.4 Costs of Arbitration.

The Company or its successor shall pay the costs of arbitration including, without
limitation, attorneys’ fees and costs, and fees and costs of any experts except that, if any
party prevails on a statutory claim that entitles the prevailing party to a reasonable
attorneys’ fee (with or without expert fees) as part of the costs, the arbitrator may award
reasonable attorneys’ fees (with or without expert fees) to the prevailing party in accord
with such statute.

9.5 Authority of Arbitrator.

Any controversy over whether a dispute is an arbitrable dispute or as to the interpretation
or enforceability of this Section IX with respect to such arbitration shall be determined by
the arbitrator.

9.6 Ongoing Rights and Obligations.

Executive acknowledges that the Company and Executive have ongoing rights and obligations
relating to intellectual property, confidential information and non-competition with the
Company, together with fiduciary rights and obligations, which will survive the termination
of Executive’s employment with the Company. The Company and Executive agree that nothing in
this Agreement shall waive or otherwise preclude any otherwise available right to temporary
restraining orders or other injunctive relief for any breach or threatened breach of any of
these obligations. Executive understands that injunctive relief may include, but shall not
be limited to, restraining continuing breaches of such obligations. Any such injunctive
proceedings shall be without prejudice to any rights the Company or Executive may have under
this Agreement to obtain relief in arbitration with respect to such matters.

	X.	 	General Provisions.

10.1 Governing Law.

This Agreement will be governed by the laws of the State of California, applicable to
agreements made and to be performed entirely within such state.

10.2 Entire Agreement.

This Agreement sets forth the entire agreement and understanding between the Company and
Executive relating Executive’s employment and supersedes all prior verbal discussion and
written agreements between us. Any subsequent change or changes in Executive’s duties,
salary or other compensation will not affect the validity or scope of this Agreement. Any
change to the at-will terms of this Agreement must be executed in writing and signed by
Executive and the Compensation Committee of the Board of Directors of the Company.

10.3 Successors/Assigns.

This Agreement will be binding upon Executive’s heirs, executors, administrators, and other
legal representatives and will be for the benefit of the Company and its respective
successors and assigns.

Please acknowledge and confirm acceptance of this Agreement by signing and returning the enclosed
copy of this Agreement.

VALUECLICK, INC.

	 
	By:

Tom Vadnais

ACCEPTANCE: I accept the terms of my employment with ValueClick, Inc. as set forth herein. I
understand that this Agreement does not constitute a contract of employment for any specified
period of time, and that my employment relationship with the Company may be terminated by either
party, with or without cause and with or without notice.

	 	 	 
	Mr. John Pitstick

	 	Date

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