Document:

Unassociated Document

    CONFIDENTIAL
      TREATMENT REQUESTED

    WITH
      RESPECT TO CERTAIN PORTIONS HEREOF

    DENOTED
      WITH “***”

     

    

      EXHIBIT
        10.2

      

      SUPPLY/PURCHASE/AGENCY
        AGREEMENT 

      

      This
        Supply/Purchase/Agency Agreement (the “Agreement”),
        entered into as of July 11, 2008, is by and between SMG Indium Resources
        Ltd., a
        Delaware corporation with offices at 103 Carnegie Center, Suite 101, Princeton,
        New Jersey 08540 (“SMGI”),
        and
        Unionmet Singapore Limited, a Singapore corporation with offices located
        at 80
        Raffles Place, 42-03 UOB Plaza 1, Singapore 048624 (“Unionmet”).

      

      RECITALS

      

      WHEREAS,
        Unionmet is in the business of the production and sale of indium ingots and
        its
        by-products; and

      

      WHEREAS,
        SMGI is
        in the business of purchasing and stockpiling indium ingots; and

      

      WHEREAS,
        SMGI
        has filed a Registration
        Statement, No. 333-149413 on Form S-1, as amended (the “Registration
        Statement”),
        with
        the Securities and Exchange Commission for the registration, under the
        Securities Act of 1933, as amended, for the initial public offering (the
        “IPO”)
        of
        securities of SMGI; and

      

      WHEREAS,
        the
        parties desire that Unionmet sell to SMGI, and SMGI purchase from Unionmet,
        indium ingots; and

      

      WHEREAS,
        the
        parties by this Agreement desire to set forth their various rights and
        responsibilities regarding the sale and purchase of the indium ingots and
        other
        matters;

      

      NOW,
        THEREFORE,
        in
        consideration of the premises and mutual covenants contained herein, the
        parties, intending to be legally bound, hereto agree as follows: 

      

      	1.  	
              Purchase
                and Sale.
                Upon the completion of the IPO, and pursuant to the terms and conditions
                of this Agreement, Unionmet agrees to sell the amount of indium ingots
                in
                the purity specifications set forth on Schedule
                1
                to
                SMGI or its designated agent, and SMGI agrees to purchase the amounts
                of
                indium ingots and purity specifications as set forth on Schedule
                1
                from Unionmet within the time frame as set forth on Schedule
                1.

            

      

      	2.  	
              Purchase,
                Delivery and Shipment.
                All purchases and sales of indium ingots by SMGI from Unionmet shall
                be in
                the manner set forth on Schedule
                2,
                including the amount of ingots to be purchased and sold, delivery
                particulars, designated addresses and shipping requirements. In the
                event
                of a conflict between the terms and conditions of any contracts and
                the
                terms and conditions of this Agreement, the terms and conditions
                of this
                Agreement shall control as to such conflict, unless the parties agree
                in
                writing that the terms and conditions of a particular contract shall
                supersede a particular term or condition of this Agreement.
                

            

       

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
         

        CONFIDENTIAL
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      	3.  	
              Insurance
                and Risk of Loss.
                Details regarding insurance and risk of loss of the indium ingots
                are set
                forth on Schedule
                3.
                

            

      

      	4.  	
              Inspection.
                SMGI reserves the right to perform inspections on any and all shipments
                of
                indium ingots delivered by Unionmet to SMGI as set forth on Schedule
                4.
                

            

      

      	5.  	
              SMGI’s
                Obligations.
                SMGI agrees to perform the obligations set forth on Schedule
                5.
                

            

      

      	6.  	
              Unionmet’s
                Obligations.
                Unionmet agrees to perform the obligations set forth on Schedule
                6,
                including but not limited Unionmet’s agreement to act as a non-exclusive
                agent to procure the purchase of additional metric tons of indium
                ingots
                on SMGI’s behalf in the country of China.

            

       

      	7.  	
              Price
                and Payment.
                The price and payment method and terms regarding each contract is
                set
                forth on Schedule
                7.

            

      

      	8.  	
              Term.
                Unless earlier terminated pursuant to Schedule
                8,
                this Agreement shall commence upon the completion of the IPO and
                remain in
                effect for a term of one (1) year from the completion of the IPO
                (the
                “Term”). This Agreement may be renewed on terms mutually acceptable to
                each party upon 30 days written notice prior to the expiration of
                such
                term. 

            

      

      	9.  	
              Indemnity
                and Warranties.
                SMGI and Unionmet’s respective indemnity and warranties are as set forth
                on Schedule
                9.

            

      

      	10.  	
              Confidential
                Information.
                During the term of this Agreement, and except as required by any
                court,
                supervisory authority or administrative agency or as may, in the
                opinion
                of Unionmet’s counsel, be otherwise required by applicable law, Unionmet
                shall not, without the consent of SMGI or a designated agent authorized
                by
                SMGI, disclose to any person, other than a then-current employee
                of
                Unionmet or a person to whom disclosure is reasonably necessary or
                appropriate in connection with the performance by Unionmet of the
                obligations hereunder, any confidential or proprietary information
                of
                SMGI, including any vendor from which SMGI purchases, or potentially
                purchases, indium from, obtained by Unionmet during the term of this
                Agreement, unless such information has become a matter of public
                knowledge
                at the time of such disclosure other than through the action of Unionmet.
                

            

       

       

      
        
           

        

        
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        CONFIDENTIAL
          TREATMENT REQUESTED

        WITH
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        DENOTED
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      	11.  	
              Notices.
                Notices delivered pursuant to this Agreement shall be in writing,
                and
                shall be deemed to have been duly given when (a) delivered by hand;
                (b)
                sent by facsimile (with receipt confirmed), provided that a copy
                is
                promptly thereafter mailed by first-class prepaid certified mail,
                return
                receipt requested; (c) received by the addressee, if sent with delivery
                receipt requested by Express Mail, Federal Express, other express
                delivery
                service or first-class prepaid certified mail, in each case to the
                appropriate addresses and facsimile numbers set forth below, or to
                such
                other address(es) or facsimile number(s) as a party may designate
                as to
                itself by notice to the other party.

            

      

      If
        to
        SMGI:

      

      SMG
        Indium Resources Ltd.

      176
        LaGuardia Ave.

      Staten
        Island, New York 10314

      Attention:
        Ailon Z. Grushkin

      Facsimile:
        (718) 477-4344

      

      If
        to
        Unionmet:

      

      Unionmet
        Singapore Limited

      80
        Raffles Place

      42-03
        UOB
        Plaza 1

      Singapore
        048624

      Attention:
        Mr. Fuzu Zeng

      Facsimile:
        (65) 6438-0543

      

      In
        each
        case, with a copy to:

      

      Ellenoff
        Grossman & Schole LLP

      150
        East
        42nd
        Street

      New
        York,
        NY 10017

      Attention:
        Barry Grossman

      Facsimile:
        (212) 370-7889

      

      and
        

      

      Shooklin
        & Bok LLP

      No.
        1
        Robinson Road

      #18-00
        AIA Tower

      Singapore,
        048542

      Attention:
        Mr. Wong Gang

      Fax:
        (65)
        65358577

       

      
        
           

        

        
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      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
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      DENOTED
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      	12.  	
              Governing
                Law.
                This Agreement shall be governed by the laws of the State of New
                York.

            

      

      	13.  	
              Waiver
                of Jury Trial.
                EACH PARTY TO THIS AGREEMENT UNCONDITIONALLY WAIVES ITS RIGHTS TO
                A JURY
                TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF,
                DIRECTLY OR INDIRECTLY, THIS AGREEMENT, ANY RELATED DOCUMENTS, ANY
                DEALINGS BETWEEN OR AMONG THEM RELAING TO THE SUBJECT MATTER OF THIS
                AGREEMENT.

            

      

      	14.  	
              Assignability.
                The parties may not assign this Agreement without the prior written
                consent of the respective parties. 

            

      

      	15.  	
              Enforcement,
                Separability.
                It is the desire and intent of the parties hereto that the provisions
                of
                this Agreement shall be enforced to the fullest extent permissible
                under
                the laws and public policies applied in each jurisdiction in which
                enforcement is sought. Accordingly, in case any provision of this
                Agreement shall be declared invalid, illegal or unenforceable, the
                validity, legality and enforceability of the remaining provisions
                shall
                not in any way be affected or impaired thereby. To the extent that
                a
                restriction contained in this Agreement is more restrictive than
                permitted
                by the laws of any jurisdiction where this Agreement may be subject
                to
                review and interpretation, the terms of such restriction, for the
                purpose
                only of the operation of such restriction in such jurisdiction, shall
                be
                the maximum restriction allowed by the laws of such jurisdiction
                and such
                restriction shall be deemed to have been revised accordingly herein.
                

            

      

      	16.  	
              Titles
                and Subtitles.
                The titles of the paragraphs and subparagraphs of this Agreement
                are for
                convenience of reference only and are not to be considered in construing
                this Agreement.

            

      

      	17.  	
              Counterparts.
                This Agreement may be executed in any number of counterparts, each
                of
                which shall be an original, but all of which together shall constitute
                one
                instrument. This Agreement and each other agreement or instrument
                entered
                into in connection herewith or therewith or contemplated hereby or
                thereby, and any amendments hereto or thereto, to the extent signed
                and
                delivered by means of a electronically confirmed facsimile transmission,
                shall be treated in all manners and respects as an original agreement
                or
                instrument and shall be considered to have the same binding legal
                effect
                as if it were the original signed version thereof delivered in person.
                

            

      

      	18.  	
              No
                Strict Construction.
                The parties hereto have participated jointly in the negotiating and
                drafting of this Agreement. In the event an ambiguity or question
                of
                intent or interpretation arises, this Agreement shall be construed
                as if
                drafted jointly by the parties hereto, and no presumption or burden
                of
                proof shall arise favoring or disfavoring any party by virtue of
                the
                authorship of any of the provisions of this Agreement.
                

            

       

       

      
        
           

        

        
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      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
        RESPECT TO CERTAIN PORTIONS HEREOF

      DENOTED
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      	19.  	
              Miscellaneous.
                This Agreement contains the entire agreement of the parties relating
                to
                the subject matter hereof and supersedes any other agreements entered
                into
                between the Manager and the Company prior to the date of this Agreement
                relating thereto. This Agreement may not be altered, modified, amended
                or
                terminated except by a written instrument signed by each of the parties
                hereto. No term or provision hereof shall be deemed waived and no
                breach
                consented to or excused, unless such waiver, consent of excuse shall
                be in
                writing and signed by the party claimed to have waived, consented
                or
                excused. A consent, waiver or excuse of any breach shall not constitute
                a
                consent to, waiver of, or excuse of any other or subsequent breach
                whether
                or not of the same kind of the original breach.

            

      

       

      

      

      [REMAINDER
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      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
        RESPECT TO CERTAIN PORTIONS HEREOF

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

      

      SMG
        INDIUM RESOURCES LTD.

      

      By:/s/
        Ailon Z. Grushkin_____________________

      Name:
        Ailon Z. Grushkin

      Title:
        President

      

      UNIONMET
        SINGAPORE LTD. 

       

      By:/s/
        Meng Limin__________________________

      Name:
        Meng Limin

      Title:
        Chief Operating Officer

      

      
        
           

        

        
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        CONFIDENTIAL
          TREATMENT REQUESTED

        WITH
          RESPECT TO CERTAIN PORTIONS HEREOF

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      Schedule
        1

      Purchase
        and Sale

      

      Unionmet
        agrees to sell to SMGI and SMGI agrees to purchase from Unionmet, one (1)
        metric
        ton of indium ingots 99.995% purity per month, for a minimum aggregate amount
        of
        10 metric tons for ten (10) consecutive months. The initial purchase month
        shall
        be set by mutual agreement following the completion of SMGI’s IPO. 

      

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      
         

        CONFIDENTIAL
          TREATMENT REQUESTED

        WITH
          RESPECT TO CERTAIN PORTIONS HEREOF

        DENOTED
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      Schedule
        2

      Purchase,
        Delivery and Shipment

      

      All contracts
        shall be negotiated by and between SMGI (or SMGI’s designated agent) and
        Unionmet. The terms of such contracts shall be evidenced by written contracts
        prepared by Unionmet. Each party will execute the contract to evidence
        acceptance of the negotiated terms.

      

      All
        contracts shall contain standard industry terms, including but not limited
        to,
        the following:

      	·  	
              Name
                of commodity and specification, quantity and
                price,

            

      	·  	
              Ingot
                size and count,

            

      	·  	
              Packing
                details,

            

      	·  	
              Shipping
                marks,

            

      	·  	
              Time
                of shipment,

            

      	·  	
              Port
                of loading,

            

      	·  	
              Port
                of destination,

            

      	·  	
              Insurance,

            

      	·  	
              Terms
                of payment,

            

      	·  	
              Documentations,
                including but not limited to:

            

      	o  	
              Certificate
                of Quality and

            

      	o  	
              Certificate
                of Analysis, 

            

      	·  	
              Terms
                of shipment, and

            

      	·  	
              Other
                conditions (if applicable). 

            

      

      All
        contracts shall allow for at least 20 days for delivery. 

      

      Unionmet
        shall ship all indium purchased by SMGI by air to the designated international
        airport set forth in the contract suitably packaged for shipment. 

      

      Unionmet
        shall provide any other documentation reasonably required or requested by
        SMGI.

      

      Unionmet
        shall be responsible for all customs, duties and user fees required for the
        export of the indium. SMGI shall be responsible for all customs, duties and
        user
        fees incurred in the receiving country.

      

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

      
         

        CONFIDENTIAL
          TREATMENT REQUESTED

        WITH
          RESPECT TO CERTAIN PORTIONS HEREOF

        DENOTED
          WITH “***”

        

      

      Schedule
        3

      Insurance
        and Risk of Loss

      

      Unionmet
        shall pay the freight for the carriage of indium ingots to the named destination
        which is provided in the contract, as well as the cargo insurance which insures
        against the customer's risk of loss and damage to the goods during the
        carriage.  Unionmet shall, subject to the exclusions and limitations
        herein, only be liable for partial and/or total loss and damage to the goods
        from the carrier to the destination.  If subsequent carriers are used for
        the carriage to other locations different from the agreed destination, Unionmet
        will not take up any risks when the goods have been delivered to the subsequent
        carrier.  Once the goods reach the destination port, the appointed
        subsequent carriers or their agents/subcontractors, Unionmet will take no
        responsibility for any risk of loss and damage to the goods, as well as any
        additional costs.

      

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      
         

        CONFIDENTIAL
          TREATMENT REQUESTED

        WITH
          RESPECT TO CERTAIN PORTIONS HEREOF

        DENOTED
          WITH “***”

        

      

      Schedule
        4

      Inspections

      

      SMGI
        shall reserve the right to inspect the indium ingots for damage incurred
        during
        shipping and for conformity to the specifications in the contracts (as described
        in Schedule
        2).
        In the
        event SMGI elects to inspect the indium ingots, SMGI will retain an
        industry-recognized independent third party inspector to conduct such
        inspection.

      

      If
        it is
        determined that the indium SMGI has received does not conform to the
        specifications of the contract, SMGI shall notify Unionmet in writing prior
        to
        the expiration of the warranty period set forth in Schedule 9 (or thirty
        (30)
        days after discovery of the non-conformity if not discernable after reasonably
        inspection during the warranty period) and Unionmet shall at its own expense,
        to
        include but not limited to shipping, insurance and taxes, cure and conform
        such
        shipment with the contract.

      

      In
        the
        event Unionmet or SMGI has a discrepancy regarding the inspection result,
        such
        party may request that the matter be presented to an arbitrator, whereby
        such
        arbitrator will select a new industry-recognized independent third-party
        inspector to conduct an additional inspection of the indium ingots. The
        prevailing party in the arbitration proceeding shall be reimbursed for all
        expenses incurred in such process. 

      

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

       

      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
        RESPECT TO CERTAIN PORTIONS HEREOF

      DENOTED
        WITH “***”

      

       

      Schedule
        5

      SMGI’s
        Obligations

      

      Upon
        the
        effectiveness of this Agreement, SMGI agrees to perform the
        following:

      

      	1.  	
              SMGI
                (including all orders for designated agents of SMGI) has provided
                a good
                faith, binding obligation to purchase from Unionmet a minimum of
                one (1)
                metric ton of indium ingots 99.995% purity per month, for a minimum
                aggregate amount of ten (10) metric tons, for ten (10) consecutive
                months.
                The initial purchase month shall be set by mutual agreement following
                the
                completion of SMGI’s IPO. 

            

      

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

       

      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
        RESPECT TO CERTAIN PORTIONS HEREOF

      DENOTED
        WITH “***”

      

       

      Schedule
        6

      Unionmet’s
        Obligations

      

      Upon
        the
        effectiveness of this Agreement, Unionmet agrees to perform the
        following:

      

      	1.  	
              Unionmet
                has provided a good faith, binding obligation to sell to SMGI a minimum
                of
                one (1) metric ton of
                indium ingots 99.995% purity per month, for a minimum aggregate amount
                of
                ten (10) metric tons, for ten (10) consecutive months. The initial
                purchase month shall be set by mutual agreement following the completion
                of SMGI’s IPO. 

            

      

      	2.  	
              Unionmet
                agrees to act as a non-exclusive agent, during the Term of this Agreement,
                to procure the purchase of additional metric tons of indium ingots
                on
                SMGI’s behalf in the country of China. Unionmet and SMGI agree to
                negotiate the commissions on each specific transaction where Unionmet
                acts
                as the non-exclusive agent of SMGI.

            

       

      
        
           

        

        
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      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
        RESPECT TO CERTAIN PORTIONS HEREOF

      DENOTED
        WITH “***”

      

       

      Schedule
        7

      Price
        and Payment

      

      Price.  The
        purchase price (the “Purchase Price”) of such indium purchased and sold shall be
        determined by:

      

      	A.  	
              The
                quotational period for each monthly shipment shall be the month prior
                to
                each shipment month.

            

      	B.  	
              The
                ten (10) monthly shipments shall commence by mutual agreement promptly
                following the completion of SMGI’s IPO.

            

      	C.  	
              The
                pricing basis for each shipment shall be
                ***.

            

      	D.  	
              The
                final price for each shipment shall be the basis price multiplied
                by the
                number of kilograms of indium shipped.

            

      	E.  	
              The
                delivery terms shall be “CIP - designation airport.” CIP shall mean the
                Carriage and Insurance Paid to, named airport, as defined under
                Incoterms.

            

      

      Payment.
         

      

      	1.  	
              SMGI
                shall pay Unionmet for all indium ordered by SMGI by T/T (Telegraphic
                Transfer) within two (2) working days after the delivery of each
                shipment.
                Unionmet will only ship the second shipment of indium specified in
                the
                contracts after receiving the payment for the previously delivered
                shipment.

            

      

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

       

      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
        RESPECT TO CERTAIN PORTIONS HEREOF

      DENOTED
        WITH “***”

      

       

      Schedule
        8

      Termination

      

      This
        Agreement may be terminated prior to the expiration of the Term only in
        accordance with the following:

      

      	1.  	
              Either
                party may immediately terminate this Agreement for cause if the other
                party hereto becomes the subject of a voluntary or involuntary petition
                in
                bankruptcy or any proceeding relating to insolvency, receivership,
                liquidation, or composition for the benefit of creditors.
                

            

      

      	2.  	
              Either
                party hereto may terminate this Agreement for cause if the other
                party
                breaches any express material term or condition of this Agreement
                and
                fails to cure that breach within seven (7) business days after receiving
                written notice of the breach. If the nature of the cure for any
                non-monetary breach is such that it is reasonably expected to take
                longer
                than seven (7) business days, the breaching party shall be given
                an
                additional thirty (30) calendar days to cure such breach, provided
                that
                the cure is commenced during the original seven (7) business day
                period
                and is diligently carried out thereafter. In the event the material
                breach
                is not cured within the period specified above after delivery of
                the
                notice, the non-breaching party may terminate this Agreement in writing
                as
                of a date specified in the termination notice. The terminating party
                shall
                have all rights and remedies available at law or equity as well as
                any
                other rights and remedies as set forth in this
                Agreement.

            

      

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

       

      CONFIDENTIAL
        TREATMENT REQUESTED

      WITH
        RESPECT TO CERTAIN PORTIONS HEREOF

      DENOTED
        WITH “***”

      

       

      Schedule
        9

      Indemnity
        and Warranties

      

      	1.  	
              Unionmet
                represents and warrants:

            

      

      	a.  	
              That
                it owns all right, title and interest to the indium sold to SMGI
                (or its
                designated agent) hereunder and that it has full legal right to sell
                the
                indium and that it has satisfied any and all applicable conditions
                precedent to such sale and that the sale by it of the indium hereunder
                does not violate any obligations to third parties to which it is
                bound.

            

      

      	b.  	
              That
                it has full power to enter into this Agreement, to carry out its
                obligations pursuant to this Agreement, and to grant the rights granted
                pursuant to this Agreement. Further, Unionmet represents and warrants
                that
                it has obtained all corporate, third party, and governmental approvals
                necessary to enter into this Agreement and carry out the transaction
                contemplated thereby. 

            

      

      	c.  	
              That
                it warrants that (a) the shipments of the indium shall be free from
                all
                liens charges or encumbrances, except any lien of Unionmet in respect
                of
                any unpaid portion of the Purchase Price; (b) the indium shall be
                free
                from defects in material and shall conform the specifications as
                set forth
                in Schedules
                1 and 2
                hereto, including but not limited to 99.995% indium purity
                level.

            

      

      	2.  	
              Indemnity
                by Unionmet.
                Unionmet agrees to defend, indemnify and hold SMGI and its designated
                agents, and their respective managers, directors, officers, employees
                and
                members harmless from any and all loss, cost, liability or expense
                (including court costs and reasonable fees of attorneys and other
                professionals) arising out of or resulting from the breach or claimed
                breach of this Agreement or the above warranties and
                representations.

            

      

      	3.  	
              Applicability
                of representations, warranties and indemnification by
                Unionmet.
                The representations, warranties and indemnification provided in Sections
                1
                and 2 of this Schedule 9 shall only apply to Unionmet only when Unionmet
                and SMGI have executed contracts. Such representations, warranties
                and
                indemnification shall not apply to Unionmet in its capacity as a
                non-exclusive agent for SMGI. 

            

      

      	4.  	
              SMGI
                represents and warrants.
                That it has full power to enter into this Agreement and to carry
                out its
                obligations pursuant to this Agreement. SMGI also represents and
                warrants
                that it has obtained all corporate and governmental approvals necessary
                to
                enter into this Agreement and carry out the transaction contemplated
                thereby. 

            

       

      
        
           

        

        
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        CONFIDENTIAL
          TREATMENT REQUESTED

        WITH
          RESPECT TO CERTAIN PORTIONS HEREOF

        DENOTED
          WITH “***”

        

      

      	5.  	
              Indemnity
                by SMGI.
                SMGI agrees to defend, indemnify and hold Unionmet, and its managers,
                directors, officers, employees and members harmless from any and
                all loss,
                cost, liability or expense (including court costs and reasonable
                fees of
                attorneys and other professionals) arising out of or resulting from
                the
                breach or claimed breach of this Agreement or the above warranties
                and
                representations.

            

      

      	6.  	
              Applicability
                of representations, warranties and indemnification of SMGI.
                The representations, warranties and indemnification provided in Sections
                4
                and 5 of this Schedule 9 shall only apply to SMGI only when Unionmet
                and
                SMGI have executed contracts. Such representations, warranties and
                indemnification shall not apply to Unionmet in its capacity as a
                non-exclusive agent for SMGI.

            

      

      

       

      
 

      16Unassociated Document

    Longview
      Marquis Master Fund, L.P.

    c/o
      Viking Asset Management, L.L.C.

    600
      Montgomery Street, 44th
      Floor

    San
      Francisco, CA 94111

    

    August
      29, 2008

    

    interCLICK,
      Inc.

    401
      E.
      Las Olas Blvd.

    Suite
      1560

    Ft.
      Lauderdale, Florida 33101. 

    Attention:
      Chief Executive Officer

    

    
      	
              Re:

            	
              Amendment
                to Note No. VAM-001

            

    

    

    Ladies
      and Gentlemen:

    

    Reference
      is hereby made to each of (i) that certain Securities
      Purchase Agreement, dated as of November 15, 2007, by and among Customer
      Acquisition Network Holdings, Inc. (n/k/a interCLICK, Inc.) (the “Company”),
      Longview Marquis Master Fund, L.P. (“Buyer”),
      and
      Alpha Capital Anstalt (such Securities Purchase Agreement, as amended through
      the date hereof and as may otherwise be amended, restated, suplemented or
      modified and in efect from time to time, the “Purchase
      Agreement”),
      pursuant to which the Company issued to Buyer that certain Note No. VAM-001
      in
      the original principal amount of $4,388, 889.00 (such Note, together with any
      promissory note or other securities issued in exchange or substitution therefor
      or replacement thereof, and as any of the same may be amended, restated,
      supplemented or otherwise modified and in effect from time to time, the
“Buyer
      Note”),
      of
      which $1,289,991.49 principal
      amount remains outstanding on the date hereof.

    

    Buyer
      and
      the Company and the Subsidiaries hereby agree that, subject
      to, and effective upon, the receipt by Buyer of cash in the amount of $20,000
      (the “Extension
      Amount”),
      by
      wire transfer of immediately available funds in accordance with the instructions
      set forth on Exhibit A
      hereto,
      from the Company by no later than 5:00 p.m. New York time, on the date hereof
      (such time and date, the “Payment
      Deadline”),
      the
      definition of “Maturity
      Date”
set
      forth in the Appendix to the Buyer Note shall be amended to read in its entirety
      as follows:

    

    “Maturity
      Date”
means
      September 29, 2008.”

     

    In
      the
      event that Buyer does not receive the Extension Amount by the Payment Deadline,
      this Agreement shall be null and void and of no force and effect, and the Buyer
      Note shall not be amended in the manner set forth herein (i.e., the
“Maturity
      Date”
in
      the
      Buyer Note shall remain August 30, 2008).

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      letter agreement shall be governed by, and construed in accordance with, the
      internal laws of the state of New York, without giving effect to its principles
      of conflicts of laws, shall be binding upon the parties hereto and their
      respective successors and assigns, and may be executed in counterparts (which
      may be delivered by facsimile or other electronic transmission).

    

    As
      modified hereby, the Amendment Agreement remains in full force and
      effect.

    

    

    * * * * *

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF,
      the parties hereto have caused this Letter Agreement to be duly executed as
      of
      the date first written above.

    

    
      	 	
              LONGVIEW
                MARQUIS MASTER FUND, L.P.,
                

              a
                British Virgin Islands limited partnership

              

              By:
                Viking Asset Management, LLC

              Its:
                Investment Adviser

              

              By:
                S. Michael
                Rudolph                         

              Name: S.
                Michael Rudolph

              Title: Chief
                Financial Officer

            

    

    

    

    

    

    
      
        	Acknowledged and Agreed
                to this
                29th day of August, 2008.	 
	 	 	 
	INTERCLICK,
                INC.	 
	 	 	 
	By:	/s/
                Michael Mathews    	 
	Name:	Michael
                Mathews	 
	Title:	Chief
                Executive Officer	 
	 	 	 
	 	 	 
	CUSTOMER ACQUISITION
                NETWORK, INC.	 
	 	 	 
	By:	/s/
                Michael Mathews	 
	Name:	Michael
                Mathews	 
	Title:	Chief
                Executive Officer	 
	 	 	 
	 	 	 
	DESKTOP ACQUISITION
                SUB,
                INC.	 
	 	 	 
	By:	/s/
                Michael Mathews	 
	Name:	Michael
                Mathews	 
	Title:	Chief
                Executive Officer

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