Document:

AMENDMENT NO. 7 TO AGREEMENT OF LIMITED PARTNERSHIP DATED JUNE 29, 2004

 Exhibit 10.54 
  
 AMENDMENT NO. 7 TO THE 
 AGREEMENT OF LIMITED PARTNERSHIP OF 
 @VENTURES III, L.P. 
  
 This Amendment, dated as of June 29, 2004 (this “Amendment”), to the Agreement of Limited Partnership dated
as of August 7,1998 (as amended to date, the “Agreement”) of @Ventures III, L.P., a Delaware limited partnership (the “Partnership”), is by and among @Ventures Partners III, LLC, the general partner of the
Partnership (the “General Partner”), and the Limited Partners of the Partnership signing this Amendment below. Capitalized terms used herein but not otherwise defined herein shall have the respective meanings ascribed to them in the
Agreement. 
  
 WHEREAS, the Limited Partners and the General
Partner desire to extend the term of the Partnership, and to modify certain provisions of the Agreement in connection with such extension, as more fully set forth herein. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
undersigned Partners agree as follows: 
  
 1. Effective Date of
Amendment. This Amendment shall become effective on the date on which this Amendment has been signed and delivered by or on behalf of the General Partner and at least Two-Thirds in Interest of the Limited Partners (such date, the
“Amendment Effective Date”). 
  
 2. Election
to Extend Term. Pursuant to and in accordance with Section 11.1(1)(x) of the Agreement, the General Partner and Two-Thirds in Interest of the Limited Partners have elected to extend the term of the Partnership through June 30, 2005, and the
Agreement is hereby amended to reflect such election. For purposes of the Agreement, the period from January 1, 2004 to June 30, 2004 is hereinafter referred to as the “Extension Period” and the period from July 1, 2004 through June 30,
2005 is hereinafter referred to as the “Second Extension Period.” 
  
 3. Management Fee During Second Extension Period. Pursuant to and in accordance with Section 6.5C of the Agreement, the Management Company and Two-Thirds in Interest of the Limited Partners have agreed that the
Management Fee during the Second Extension Period shall equal $115,213, which amount shall be paid in two equal nonrefundable installments, the first due on July 1, 2004 and the second due on January 1, 2005, in each case out of funds currently held
by the Partnership. The Agreement is hereby amended to reflect such agreement. The Management Company, by signing this amendment below, hereby consents to and agrees to provide management services to the Partnership pursuant to the Management
Contract for such Management Fee during the Second Extension Period. 
  

 4. Amendment to Section 7.1. Section 7.1 of the Agreement is hereby amended by adding at the end
thereof the following sentence: 
  
 “Until June 30, 2005,
Mills agrees to use his best efforts in furtherance of the purposes and objectives of the Partnership, to devote such of his time as shall be necessary to the business of the Partnership, and to devote substantially all of his business time to the
affairs of the Partnership, the Foreign Fund, the CMGI Funds, the Management Company, @Ventures Expansion Management LLC, @Ventures Expansion Fund, L.P., @Ventures Foreign Expansion Fund, L.P., CMGI @Ventures IV, LLC, and any other @Ventures
investment entities of which CMGI is the sole investor.” 
  
 5. Amendment to Section 10.3. The last paragraph of Section 10.3 of the Agreement is hereby amended to read in its entirety as follows: 
  
 “Notwithstanding the foregoing, with respect to the Extension Period and the Second Extension Period, the General Partner shall be required to
prepare and deliver to each Partner only the following reports: (i) on or before August 15, 2004, March 30, 2005 and September 30, 2005, an unaudited balance sheet as of June 30, 2004, December 31, 2004 and June 30, 2005, respectively, and in each
case an income statement for the Partnership for the six-month period then ended, accompanied by a report on any material developments in existing investments which occurred during such six-month period, (ii) on or before March 30, 2005, a statement
showing the balance in such Partner’s Capital Account as of December 31, 2004 and a reconciliation of such balance, (iii) on or before September 30, 2005, a statement showing the balance in such Partner’s Capital Account as of June 30,
2005, and a reconciliation of such balance, (iv) on or before March 30, 2005 and September 30, 2005, a statement showing the amount of UBTI, if any, generated by the Partnership during the 12-month period ended December 31, 2004 and the six-month
period ended June 30, 2005, respectively, and (v) on or before March 15, 2005 and September 30, 2005, such other information, reports and forms as are necessary to assist each Partner in the preparation of his federal, state and local tax returns
for the year ended December 31, 2004 and the partial year ended June 30, 2005, respectively. The General Partner shall cause an audit to be made by an independent public accountant of nationally recognized status of the financial statements of the
Partnership for the 12-month period ended December 31, 2004, and such audit shall be certified and a copy thereof shall be delivered to each Partner on or before March 30, 2005. The General Partner shall cause an audit to be made by an independent
public accountant of nationally recognized status of the financial statements of the Partnership for the six-month period ended June 30, 2005, and such audit shall be certified and a copy thereof shall be delivered to each Partner on or before
September 30, 2005.” 
  
 6. Consent to Amendment of
Management Contract. The Limited Partners and the Management Company hereby consent to the amendment of the Management Contract on the terms set forth herein, and the Management Contract is deemed amended hereby to the extent provided herein.

  

 - 2 - 

 7. Ratification. The Agreement is to be deemed amended by this Amendment only to the extent
expressly provided in this Amendment, and in all other respects, the Agreement is hereby ratified and confirmed and shall remain in full force and effect. 
  
 8. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which together
shall constitute one and the same instrument. 
  
 9. Governing
Law. This Amendment shall be construed and enforced in accordance with and governed by the laws of Massachusetts. 
  
 [Signature pages follow.] 
  

 - 3 - 

 Counterpart Signature Page to Amendment 
 to the Agreement of Limited Partnership 
 of @Ventures III, L.P. 
  
 IN WITNESS WHEREOF, the parties have duly executed this Amendment as of the
date first above written. 
  

			
	GENERAL PARTNER:
	
	@VENTURES PARTNERS III, LLC
		
	 By:
	 	 /s/ Marc D. Poirier

	 	 	 Authorized Managing Member

	
	LIMITED PARTNERS:
	
	 
	 Limited Partner Name (Please print or type)

	
	 
	 Limited Partner Signature

	
	 
	 Title (If applicable)

	
	 ______________________________________, 2004

	 Date (Please complete)

  
 The undersigned
is signing this Amendment, effective as of the Amendment Effective Date, for the limited purpose of reflecting its Agreement to the matters specified in Sections 3 and 6 of this Amendment, including without limitation, the amount of Management Fees
payable by the Partnership during the Second Extension Period, and agrees that the Management Contract is hereby amended to the extent necessary to reflect such Management Fee. 
  

			
	@VENTURES MANAGEMENT, LLC
		
	By:	 	 /s/ Marc D. Poirier

	 	 	 Authorized Member

  

 - 4 -AMENDMENT NO. 3 TO AGREEMENT OF LIMITED PARTNERSHIP DATED FEBRUARY 26, 2003

 Exhibit 10.59 
  
 AMENDMENT NO. 3 TO THE 
 AGREEMENT OF LIMITED PARTNERSHIP OF 
 @VENTURES FOREIGN FUND III, L.P. 
  
 This Amendment No. 3 (this “Amendment No. 3”), dated as of February 26,2003, to the Agreement of Limited
Partnership dated as of December 22,1998 (as amended to date, the “Agreement”) of @Ventures Foreign Fund III, L.P., a Delaware limited partnership (the “Partnership”), is by and among @Ventures Partners III, LLC, the general
partner of the Partnership (the “General Partner”), and all of the Limited Partners of the Partnership. Capitalized terms used herein but not otherwise defined herein shall have the respective meanings ascribed to them in the Agreement.

  
 WHEREAS, the undersigned Partners desire to amend the
Agreement to (i) reflect that the General Partner and the Management Company have agreed to waive all Incentive Distributions and Management Fees, respectively, with respect to the conduct of the business of the Partnership from and after February
1,2002, (ii) reflect that certain penalty provisions relating to the General Partner have been modified or deleted, and (iii) modify certain other provisions of the Agreement, as more fully set forth herein. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the undersigned Partners agree as follows: 
  
 1. Effective Date of Amendment. This Amendment No. 3 shall become effective on the date on which this Amendment No. 3 has been signed and delivered by the General Partner and all of the Limited Partners (such
date, the “Amendment No. 3 Effective Date”). 
  
 2.
Addition of Section 5.10. Section 5.10A is hereby amended and restated in its entirety to read as follows: 
  
 “5.10 General Partner Distributions and Payments; Amendment Effective Date Distributions. 
  
 A. From and after February 26, 2003, the General Partner
hereby waives its right to receive (i) any Incentive Distributions, (ii) any associated allocations of Operating Income or Loss and Investment Gain or Loss to the extent attributable to the amounts waived pursuant to clause (i) of this Section 5.10A
and (iii) any distributions upon liquidation in respect of its positive Capital Account to the extent of any portion of such Capital Account balance which is attributable to amounts waived pursuant to clauses (i) and (ii) of this Section
5.10A.” 
  
 3. Amendment to Section 6.4. The second
paragraph of Section 6.4 of the Agreement is hereby amended and restated in its entirety to read as follows: 
  
 “Each of Mills, Nerrow and Poirier agrees that, during the period from the Amendment Effective Date through December 31,2003, he shall be engaged in
the activities contemplated by the second sentence of Section 7.1 (as amended), he shall not be entitled 

  

 
to receive out of amounts paid by the Partnership to the Management Company as management fees (or otherwise), any salary or bonus compensation payments, and
that the Partnership will not be permitted to pay salary or bonus compensation to such Principal or any other person during such period (except pursuant to Section 5.10B).” 
  
 4. Amendment to Section 7.1. The first paragraph of Section 7.1 of the Agreement is hereby amended to read in its
entirety as follows: 
  
 “The General
Partner hereby agrees to use its best efforts in furtherance of the purposes and objectives of the Partnership and to devote to such purposes and objectives such of its time as shall be necessary for the management of the affairs of the Partnership.
Until December 31,2003, each of the Principals agrees to use his best efforts in furtherance of the purposes and objectives of the Partnership, to devote such of his time as shall be necessary to the business of the Partnership, and to devote
substantially all of his business time to the affairs of the Partnership, the Domestic Fund, the CMGI Funds, the Management Company, @Ventures Expansion Management LLC, @Ventures Expansion Fund, L.P., @Ventures Foreign Expansion Fund, L.P., CMGI
@Ventures IV, LLC and other future @Ventures investment entities of which CMGI is the sole investor. Breach by any Principal of his obligations under the preceding sentence shall constitute a Triggering Event for purposes of Section 6.4, and the
sole remedy of the Partnership and/or any Partner against such Principal for breach of such obligations shall be the payment to the Partnership of $10.00 by such Principal.” 
  
 5. Confidentiality. The Limited Partners hereby confirm the confidentiality agreements contained in Section 8.12 of
their respective Subscription Agreements, which confidentiality agreements shall be applicable to the arrangements effectuated by this Amendment No. 3. 
  
 6. General Partner Legal Fees. No portion of the legal fees or other expenses incurred by the General Partner, the Partnership and/or the
Management Company in connection with the transactions contemplated by this Amendment No. 3 will be borne by the Partnership. 
  
 7. Ratification. In all other respects, the Agreement (including Amendments Nos. 1 and 2) is hereby ratified and confirmed and shall remain in full
force and effect. 
  
 8. Counterparts. This Amendment No. 3
may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 
  

[Signature pages follow.] 
  

 - 2 - 

 IN WITNESS WHEREOF, the parties have duly executed this Amendment No. 3 as of the date first above
written. 
  

							
	 GENERAL PARTNER:

	
	 @VENTURES PARTNERS III, LLC

		
	 By:
	 	 /s/ Peter H. Mills

	 	 	 Authorized Managing Member

  

							
	 LIMITED PARTNERS:

		
	
	 	 
	 Limited Partner Name (Please print or type)

		
	
	 	 
	 Limited Partner Signature
	 	 
		
	
	 	 
	 Title (If applicable)
	 	 
		
	
	 	 
	 Date (Please Complete)
	 	 

  
 Each of the
undersigned is signing this Amendment No. 3, effective as of the Amendment No. 3 Effective Date, for the limited purposes of reflecting their agreement to the matters specified in Section 3 of this Amendment No. 3 (with respect to Section 6.4 of the
Agreement) and Section 4 of this Amendment No. 3 (with respect to Section 7.1 of the Agreement), and for no other purpose. 
  

	
	
	 /s/ Peter H. Mills

	 Peter H. Mills

  

	
	
	 /s/ David J. Nerrow, Jr.

	 David J. Nerrow, Jr.

  

	
	
	 /s/ Marc D. Poirier

	 Marc D. Poirier

  
 The undersigned is
signing this Amendment No. 3, effective as of the Amendment No. 3 Effective Date, for the limited purposes of reflecting its agreement to the matters specified in Section 3 of this Amendment No. 3 (with respect to Section 6.4 of the Agreement) and
for no other purpose. 
  

			
	@VENTURES MANAGEMENT, LLC
		
	 By:
	 	 /s/ Peter H. Mills

	 	 	 Authorized Member

  

			
	 Print Name and Title:
	 	 Peter H. Mills

  

 - 3 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}]]