Document:

Exhibit
4.1

    

    AMENDMENT
NO. 1

    TO

    PREFERRED STOCK RIGHTS
AGREEMENT

    

    This Amendment No. 1 to Preferred Stock
Rights Agreement (the “Amendment”) is
entered into as of July 1, 2009, by and between Medialink Worldwide
Incorporated, a Delaware corporation (the “Company”), and Mellon
Investor Services LLC, a New Jersey limited liability company (the “Rights
Agent”).

    

    RECITALS

    

    A.         The
Company is a party to that certain Preferred Stock Rights Agreement dated as of
August 16, 2001 (the “Rights Agreement”)
with the Rights Agent. All capitalized terms used herein and not otherwise
defined shall have the meaning ascribed to them in the Rights
Agreement;

    

    B.          The
Company is entering into an Agreement and Plan of Merger (the “Merger Agreement”),
among the Company, The NewsMarket, Inc., a Delaware corporation (“Parent”) and TNM
Group Incorporated, a Delaware corporation and a wholly-owned subsidiary of
Parent (“Merger
Sub”), pursuant to which: (1) all of the issued and outstanding shares of
common stock, par value $0.01 per share, of the Company, and all Rights
associated with such shares, will be cancelled and converted into the right to
receive $0.20 in cash, without interest and less any applicable withholding
taxes on the terms and subject to the conditions set forth in the Merger
Agreement (as it may be amended and/or extended from time to time); and (ii)
Merger Sub will merge with and into the Company upon the terms and subject to
the conditions set forth in the Merger Agreement (such merger is referred to in
this Amendment as the “Merger”);

    

    C.          Concurrently
with the execution and delivery of the Merger Agreement, Parent, and certain
directors and executive officers of the Company are entering into a voting
agreement (the “Voting
Agreement”) pursuant to which such directors and executive officers will
agree to take the actions specified therein in furtherance of the
Merger;

    

    D.          The
Company desires to amend the Rights Agreement in connection with the execution
and delivery of each of the Merger Agreement and the Voting Agreement and the
consummation of the transactions contemplated thereby;

    

    E.          Pursuant
to Section 27 of the Rights Agreement, prior to the occurrence of a Distribution
Date, the Company and the Rights Agent shall, if the Board of Directors of the
Company so directs, but subject to the other provisions of Section 27,
supplement or amend any provision of the Rights Agreement without the approval
of any holders of Rights; and

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    AGREEMENT

    

    NOW, THEREFORE, the parties
hereby agree as follows:

    

    1.           Amendments to Section
1.

     

    Section 1
of the Rights Agreement is hereby amended by adding the following definitions,
which shall be inserted into Section 1 in alphabetical order:

    

    “Merger
Agreement” shall mean the Agreement and Plan of Merger, dated as of July 1,
2009, by and among Parent, Merger Sub and the Company;

     

    “Merger”
shall have the meaning set forth in the Merger Agreement;

     

    “Merger
Sub” shall mean TNM Group Incorporated, a Delaware corporation and wholly-owned
subsidiary of Parent;

     

    “Parent”
shall mean The NewsMarket, Inc., a Delaware corporation;

     

    “Voting
Agreement” shall mean the Voting Agreement, dated as of July 1, 2009, by and
among Parent and certain directors and executive officers of the
Company.

     

    The
definition of “Acquiring Person” in Section 1(a) of the Rights Agreement is
hereby amended by inserting the following sentence at the end
thereof:

    

    “Notwithstanding the foregoing or any
other provision of this Agreement to the contrary, none of (i) the approval,
execution and/or delivery of the Merger Agreement or the approval, execution
and/or delivery of any amendment thereto, (ii) the approval, execution and/or
delivery of the Voting Agreement or the approval, execution and/or delivery of
any amendment thereto, (iii) the consummation of the Merger, (iv) the
consummation of the other transactions contemplated in the Merger Agreement, or
(v) the announcement of the Merger, or any other transactions contemplated
thereby shall be deemed to result in Parent or Merger Sub becoming an Acquiring
Person.”

    

    The
definition of “Distribution Date” in Section 1(l) of the Rights Agreement is
hereby amended by inserting the following sentence at the end
thereof:

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    “Notwithstanding
anything in this Agreement to the contrary, none of (i) the approval, execution
and/or delivery of the Merger Agreement or the approval, execution and/or
delivery of any amendment thereto, (ii) the approval, execution and/or delivery
of the Voting Agreement or the approval, execution and/or delivery of any
amendment thereto, (iii) the consummation of the Merger, (iv) the consummation
of the other transactions contemplated in the Merger Agreement, or (v) the
announcement of the Merger or any other transactions contemplated thereby shall
be deemed to result in a Distribution Date.”

    

    The
definition of “Expiration Date” in Section 1(q) of the Rights Agreement is
hereby amended and restated in its entirety to read as follows:

     

    “Expiration
Date” shall mean the earliest to occur of: (i) the Close of Business on the
Final Expiration Date, (ii) the Redemption Date, (iii) the time at which the
Board of Directors orders the exchange of the Rights as provided in Section 24
hereof, or (iv) the Effective Time (as such term is defined in the Merger
Agreement). The Company shall give the Rights Agent prior written notice of the
Effective Time; provided, however that if the Company is the surviving
corporation under the Merger Agreement, the Company shall give the Rights Agent
prompt written notice of the Effective Time.  Until such notice is
received by the Rights Agent, the Rights Agent may presume conclusively for all
purposes that the Effective Time has not occurred.

     

    The
definition of “Shares Acquisition Date” in Section 1(hh) of the Rights Agreement
is hereby amended by inserting the following sentence at the end
thereof:

     

    “Notwithstanding
the foregoing or any other provision of this Agreement to the contrary, none of
(i) the approval, execution and/or delivery of the Merger Agreement or the
approval, execution and/or delivery of any amendment thereto, (ii) the approval,
execution and/or delivery of the Voting Agreement or the approval, execution
and/or delivery of any amendment thereto, (iii) the consummation of the Merger,
(v) the consummation of the other transactions contemplated in the Merger
Agreement, or (vi) the announcement of the Merger or any other transactions
contemplated thereby shall be deemed to result in a Shares Acquisition
Date.”

     

    2.           Amendment to Section
7(a).  Section 7(a) of the Rights Agreement is hereby amended
and restated in its entirety to read as follows:

     

    “Subject to Sections 7(e), 23(b) and
24(b) hereof, the registered holder of any Rights Certificate may exercise the
Rights evidenced thereby (except as otherwise provided herein) in whole or in
part at any time after the Distribution Date by surrender of the Rights
Certificate, with the form of election to purchase on the reverse side thereof
duly executed, to the Rights Agent at the office of the Rights Agent designated
for such purpose, together with payment of the Exercise Price for each
one-thousandth of a Preferred Share (or, following a Triggering Event, other
securities, cash or other assets as the case may be) as to which the Rights are
exercised, and prior to the earliest of (i) the Close of Business on the
Expiration Date, (ii) the time at which the Rights are redeemed as provided in
Section 23 hereof, (iii) the time at which such Rights are exchanged as provided
in Section 24 hereof, and (iv) the moment in time immediately prior to the
Effective Time (as such term is defined in the Merger
Agreement).”

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    

    3.           Amendment to Section
13.  Section 13 of the Rights Agreement is hereby amended by
adding the following new Section 13(g):

     

    “(g) Notwithstanding the foregoing or
any other provision of this Agreement to the contrary, (i) the approval,
execution and/or delivery of the Merger Agreement or the approval, execution
and/or delivery of any amendment thereto, (ii) the approval, execution and/or
delivery of the Voting Agreement or the approval, execution and/or delivery of
any amendment thereto, (iii) the consummation of the Merger, (iv) the
consummation of the other transactions contemplated in the Merger Agreement, or
(vi) the announcement of the Merger, or any other transactions contemplated
thereby shall not be deemed to be a Section 13 Event and shall not cause the
Rights to be adjusted or exercisable in accordance with, or any other action to
be taken or obligation to arise pursuant to, this Section 13.”

     

    4.           Amendment to Section
30.  Section 30 of the Rights Agreement is hereby amended by
inserting the following sentence at the end thereof:

     

    “Further, nothing in this Agreement
shall be construed to give any holder of Rights or any other Person any legal or
equitable rights, remedies or claims under this Agreement by virtue of (i) the
approval, execution and/or delivery of the Merger Agreement or the approval,
execution and/or delivery of any amendment thereto, (ii) the approval, execution
and/or delivery of the Voting Agreement or the approval, execution and/or
delivery of any amendment thereto, (iii) the consummation of the Merger, (iv)
the consummation of the other transactions contemplated in the Merger Agreement,
or (vi) the announcement of the Merger, or any other transactions contemplated
thereby.”

    

    5.           Direction.  By
its execution and delivery hereof, the Company directs the Rights Agent to
execute this Amendment.

     

    6.           Full Force and
Effect.  The Rights Agreement, as amended by this Amendment,
shall remain in full force and effect in accordance with its terms. In the event
of any conflict, inconsistency or incongruity between any provision of this
Amendment and any provision of the Rights Agreement, the provisions of this
Amendment shall govern and control.  Without limiting the foregoing,
the Rights Agent shall not be subject to, nor required to interpret or comply
with, or determine if any other Person has complied with, the Voting Agreement
or the Merger Agreement, even though reference thereto may be made in this
Amendment and the Rights Agreement.

    

    7.           Exclusive
Benefit.  Nothing in this Amendment shall be construed to give
to any Person other than the Company, Parent, Merger Sub, the Rights Agent and
the registered holders of the Right Certificates (and, prior to the Distribution
Date, the Common Shares) any legal or equitable right, remedy or claim under
this Amendment; but this Amendment shall be for the sole and exclusive benefit
of the Company, Parent, Merger Sub, the Rights Agent and the registered holders
of the Right Certificates (and, prior to the Distribution Date, the Common
Shares).

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    8.           Severability.  If
any term, provision, covenant or restriction of this Amendment is held by a
court of competent jurisdiction or other authority to be invalid, void or
unenforceable, the remainder of the terms, provisions, covenants and
restrictions of this Amendment shall remain in full force and effect and shall
in no way be affected, impaired or invalidated; provided, however, that if such
excluded provision shall affect the rights, immunities, duties or obligations of
the Rights Agent, the Rights Agent shall be entitled to resign
immediately.

    

    9.           Successors and
Assigns.  All the covenants and provisions of this Amendment by
or for the benefit of the Company or the Rights Agent shall bind and inure to
the benefit of their respective successors and assigns hereunder.

    

    10.         Governing
Law.  This Amendment shall be deemed to be a contract made
under the laws of the State of Delaware and for all purposes shall be governed
by and construed in accordance with the laws of such state applicable to
contracts to be made and performed entirely within such state; provided,
however, that all provisions regarding the rights, duties and obligations of the
Rights Agent shall be governed by and construed in accordance with the laws of
the State of New York applicable to contracts made and to be performed entirely
within such state.

    

    11.         Counterparts.   This
Amendment may be executed in any number of counterparts and each of such
counterparts shall for all purposes be deemed to be an original, and all such
counterparts together shall constitute but one and the same
instrument.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
parties have caused this Amendment to be duly executed as of the day and year
first written above.

    

    
      
        	
                MEDIALINK
      WORLDWIDE

                INORPORATED

              
	 
      	 
      
	
                By:

              	
                /s/ Kenneth Torosian

              
	
                Name:  

              	
                Kenneth
      Torosian

              
	
                Title:

              	
                Chief
      Financial Officer

              
	 
      	 
      
	
                MELLON
      INVESTOR SERVICES LLC, as

                Rights
      Agent

              
	 
      	 
      
	
                By:

              	
                /s/ John J. Boryczki

              
	
                Name:

              	
                John
      J. Boryczki

              
	
                Title:

              	
                Associate

              

      

    

     

    
      
         

      

      
        6Exhibit
10.1

    

    SEPARATION AGREEMENT AND
GENERAL RELEASE

    

    This
SEPARATION AGREEMENT AND
GENERAL RELEASE (“Agreement”) is made as of this 18th day of
June 2009 by and between MEDIALINK WORLDWIDE INCORPORATED, a Delaware
corporation, having an address at 708 Third Avenue, New York, New York 10017
(“Medialink”), and LAURENCE MOSKOWITZ, an individual residing at 21 Hawkwood
Lane, Greenwich, Connecticut 06830 (“Moskowitz”).

    

    NOW, THEREFORE, in
consideration of the mutual promises and covenants hereinafter set forth, the
parties agree as follows:

    

    1.           This
Agreement shall be deemed effective (the “Effective Date”) upon the execution
date of that certain agreement and plan of merger (the “Merger Agreement”)
between Medialink, The NewsMarket, Inc. (“TNM”) and a wholly owned subsidiary of
TNM (the “Merger Partner”); provided, however, that in the event that the
proposed merger transaction (the “Merger”) pursuant to the Merger Agreement is
not consummated by December 31, 2009, then this Agreement shall be null and void
and of no force and effect.

    

    2.           Moskowitz
and Medialink are parties to that certain Amended and Restated Employment
Agreement dated as of December 31, 2005 (the “Employment Agreement”) pursuant to
which Moskowitz performed duties as the Chairman, President and Chief Executive
Officer of Medialink.  Certain terms of the Employment Agreement,
including without limitation, Sections 4.2, 4.4, 5.3-5.6, 8.1-8.3, 10.1 and 12
are expressly modified by the terms of this Agreement.  Moskowitz’s
employment relationship with Medialink will be deemed (with no further action
required by Medialink) terminated by Medialink effective as of the date on which
the Merger becomes effective (the “Termination Date”).  The
termination of Moskowitz’s employment hereunder shall not be deemed a For Cause
termination, as such term is defined in the Employment
Agreement.  Moskowitz hereby resigns from Medialink’s Board of
Directors effective as of the Termination Date.  Nothing herein shall
be deemed to affect Moskowitz’s compensation or benefits prior to the
Termination Date.

    

    3.           Moskowitz
acknowledges that he fully understands the terms and implications of this
Agreement.  Moskowitz has carefully considered other alternatives to
executing this Agreement and has decided that he will execute this
Agreement.

    

    4.           Moskowitz
understands that he will have up to twenty-one (21) days from the date hereof to
review and execute this Agreement and that he shall have the right, within seven
(7) days after his execution of this Agreement, to revoke same unless such right
is waived by Moskowitz.  If and to the extent Moskowitz executes this
Agreement prior to the expiration of the twenty-one (21) day period referred to
above, Moskowitz represents and warrants to Medialink that he has done so
knowingly and voluntarily.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    5.           Moskowitz
further recognizes that he executes this Agreement voluntarily and that
Medialink requires that he discuss the same with his legal advisors to ensure
full and thorough knowledge of the legal significance of this
Agreement.  Medialink agrees to reimburse Moskowitz for all reasonable
legal fees incurred in the review of this Agreement, up to a maximum
reimbursement of $1,500.  Moskowitz has been represented by Epstein
Becker & Green, P.C., in his review and consideration of this
Agreement.

    

    6.           (a)           In
lieu and in place of any payments or benefits otherwise due Moskowitz under
Sections 4.2, 4.4, 5.3-5.6, 8.1-8.3 and 10.1 of the Employment Agreement and in
consideration for Moskowitz signing and adhering to the terms and conditions of
this Agreement, Moskowitz will receive the gross amount of Four Hundred
Forty-Four Thousand ($444,000) Dollars, subject to downward adjustment as set
forth below, which amount shall be reduced by all applicable deductions as shall
be required to be withheld by applicable law and regulation (the “Severance
Payment”).  Such Severance Payment will be payable in one lump sum no
later than fifteen (15) business days after the Termination Date and shall not
be offset by any amounts Moskowitz earns or could have earned with reasonable
diligence after the Termination Date.  Moskowitz expressly releases
Medialink from making any payments or making any benefits available pursuant to
Sections 4.2, 4.4, 5.3-5.6, 8.1-8.3 and 10.1 of the Employment
Agreement.

    

     
(b)           The amount
of the Severance Payment referenced above is subject to downward adjustment
based on Medialink’s Adjusted Cash Balance as of the closing of the Merger (the
“Closing”).  For purposes of this calculation, Adjusted Cash Balance
means the sum of (A) the actual cash available at the Closing (after payment or
accrual of Medialink’s transaction costs associated with the Merger) (i) prior
to payment of (x) contractual and non-contractual severance obligations
(including the Severance Payment) and (y) 2009 board of directors’ fees, and
(ii) adjusted, upward or downward for the Working Capital Adjustment (as such
term is defined in the Merger Agreement) and (B) the amount of severance
obligations assumed by the Merger Partner pursuant to the Merger
Agreement.  The amount of the Severance Payment shall be adjusted as
follows:

    

    (i)           If
the Adjusted Cash Balance is at least equal to $1,390,000, there shall be no
adjustment to the amount of the Severance Payment;

    

    (ii)           If
the Adjusted Cash Balance is at least equal to $1,126,000 but less than
$1,390,000, then the Severance Payment shall be reduced by an amount equal to
the product of (A) 0.45 and (B) the amount by which the actual Adjusted Cash
Balance falls short of $1,390,000; or

    

    (iii)           If
the Adjusted Cash Balance is less than $1,126,000, then the Severance Payment
shall be reduced by an amount equal to the sum of (A) $119,000 and (B) the
product of (x) 0.342 and (y) the amount by which the actual Adjusted Cash
Balance falls short of $1,126,000.

    

    For
purposes of clarification, an adjustment shall be made pursuant to only one of
Sections 6(b)(ii) or 6(b)(iii) above, but not both.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     
(c)           Moskowitz
and Medialink agree that notwithstanding anything to the contrary herein, in the
event that during the period between the Effective Date and the Termination
Date, Moskowitz dies or suffers a Disability (as such term is defined in Section
6.1 of the Employment Agreement), then Moskowitz (or his estate, as the case may
be) shall be entitled to receive from Medialink the benefits set forth in
Sections 5.4 (upon death) or 5.5 (upon a Disability) of the Employment Agreement
until the Termination Date, and from and after the Termination Date, if any,
Moskowitz (or his estate, as the case may be) shall receive, in lieu of such
benefits, the payment set forth in Section 6(a), as adjusted by Section 6(b) of
this Agreement.

    

    7.           The
Company agrees to pay and Moskowitz acknowledges that he will have been paid his
accrued and unpaid salary and bonus through the Termination Date and is not
entitled to any further payments for same.  Moskowitz further
acknowledges that he will not be entitled to participate in any of Medialink’s
benefit plans after the Termination Date; provided, however, that Moskowitz may
continue to participate in Medialink’s hospitalization and group health benefit
plans pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA) at
Moskowitz’s sole cost and expense, unless otherwise provided by
law.

    

    8.           As
a condition to Moskowitz receiving the Severance Payment referenced above and as
a material inducement for Medialink to enter into this Agreement:

    

    (a)           Moskowitz
agrees to be available to Medialink for telephone consultations for up to thirty
(30) days after the Termination Date.  In no event shall Moskowitz be
required to be available for more than an aggregate of ten (10) hours during
such period.

    

    (b)           Moskowitz
agrees that on the Termination Date, Moskowitz shall deliver all Medialink
Property, as hereinafter defined, in his custody or possession to Medialink or
its representatives, and Moskowitz represents and warrants that no such
Medialink Property or copies thereof have been knowingly retained by him, any of
his representatives or any person, firm or corporation owned or controlled by
him or delivered to any third party other than in the normal course of
performing his duties pursuant to the Employment Agreement.  The term
“Medialink Property” as used herein means any and all confidential or
proprietary materials belonging to Medialink that are in Moskowitz’s possession,
including but not limited to books, records, files, documents, accounting or
financial records, statements, reports, equipment, computer hardware, computer
software, programs, contact lists, customer data and files (hardcopies and
electronic), any proprietary information or data of Medialink in any format and
any and all copies thereof, hard drives, keys to Moskowitz’s offices and files,
computer passwords provided by Medialink to Moskowitz, passwords established by
Moskowitz on Medialink hardware and passwords established by Moskowitz on any
file containing Medialink information.  Notwithstanding the foregoing,
Moskowitz shall be permitted, at his sole option, to retain the cell phone and
phone number, pda/BlackBerry, laptop computer with one docking station and one
monitor that were used by Moskowitz immediately prior to the Termination Date;
provided however, that all Medialink Property must be removed from each item
retained, and each retained item shall be subject to prompt review and
modification by Medialink’s IT personnel to ensure that all Medialink Property
has been permanently removed therefrom.  In addition, the laptop
computer, if any, retained by Moskowitz shall be reformatted by Medialink’s
personnel; provided, however, that Medialink will reload standard software
(including, but not limited to, Microsoft Office and Adobe Acrobat) on the
retained laptop computer and, to the extent reasonably practicable, provide
Moskowitz with the pertinent licenses, discs, and manuals related to such
reloaded software.  After the Termination Date, Moskowitz, and not
Medialink, shall be responsible for any service fees associated with the use and
maintenance of any of the retained items.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (c)           Moskowitz
acknowledges that the principal business of Medialink is providing video and
audio production and satellite and other distribution services to television and
radio stations and online news outlets for corporations and other organizations
seeking to communicate their news to the public (the
“Business”).  Moskowitz acknowledges that he has acquired confidential
information concerning Medialink and the Business and that, among other things,
his knowledge of the Business was enhanced through his employment by Medialink.
Moskowitz acknowledges that such information is of great value to Medialink, is
the sole property of Medialink, and was acquired by him in
confidence.

    

    (d)           Moskowitz
hereby confirms that (i) the confidentiality and transfer of developments
obligations set forth in Section 11 of the Employment Agreement survive the
termination of Moskowitz’s employment and (ii) Moskowitz will abide by and
adhere to such obligations.

    

    (e)           The
Parties agree that the provisions of Section 12 of the Employment Agreement are
hereby waived and replaced by this Section 8(e).  Moskowitz
acknowledges that it is reasonably necessary for the protection of Medialink
that Moskowitz agree, and, accordingly, Moskowitz does hereby agree, that for
the period ending on the nine (9) month anniversary of the Termination Date, he
will not, directly or indirectly:

    

    i.           engage
in the Business for his account or render any services that constitute engaging
in the Business, in any capacity to any entity; or become interested in any
entity engaged in the Business either on his own behalf or as an officer,
director, stockholder, partner, principal, consultant, associate, employee,
owner, agent, creditor, independent contractor, or co-venturer of any third
party or in any other relationship or capacity; or

    

    ii.           employ
or engage, or cause to authorize, directly or indirectly, to be employed or
engaged, for or on behalf of himself or any third party, any employee,
representative or agent of Medialink; or

    

    iii.           solicit,
directly or indirectly, on behalf of himself or any third party, any client or
vendor, for services competitive with the Business, of Medialink and its
affiliates; or

    

    iv.           have
an interest as an owner, lender, independent contractor, co-venturer, partner,
participant, associate or in any other capacity, render services to or
participate in the affairs of, any entity listed on Schedule A attached hereto
or any subsidiary or affiliate of such listed entity.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (f)          The
provisions of Section 8(e) shall not be construed to prevent Moskowitz from
owning, directly or indirectly, in the aggregate, an amount not exceeding two
percent (2%) of the issued and outstanding voting securities of any class of any
corporation whose voting capital stock is traded on a national securities
exchange or in the over-the-counter market.

    

    (g)         Notwithstanding
anything to the contrary set forth in Section 8(e); (i) Moskowitz
shall not be prohibited from rendering services for news organizations, or
public relations departments or public relations
agencies;  (ii) Moskowitz may act as a news reporter or
manager for an entity whose primary function is journalism; (iii) Moskowitz
may act as a member of the internal public relations staff of any
corporation or entity who performs services for only that corporation or its
affiliates, including parent corporations, subsidiaries, and joint ventures;
and/or (iv) Moskowitz may act as an account executive or manager at a
public relations agency directly serving that agency’s
clients.  Notwithstanding the prior sentence, however, for the period
ending on the nine (9) month anniversary of the Termination Date, Moskowitz may
not, render services, directly or indirectly, (i) for any organization,
department, or affiliate of such news organizations, corporate public relations
departments, or public relations agencies, whose primary purpose is to provide
the production and distribution of video or audio news releases that are
competitive with, or substantially similar to, the Business.

    

    (h)         Moskowitz
agrees that upon Medialink’s request, he shall enter into a voting agreement
whereby Moskowitz will agree to vote his shares of Medialink stock (and all
shares under his control) in favor of the Merger.  Moskowitz further agrees
that he shall support approval of the Merger.

    

    (i)           Moskowitz
agrees that any breach or threatened breach by him of Section 8 of this
Agreement shall entitle Medialink, in addition to all other legal remedies
available to it, to apply to any court of competent jurisdiction to seek to
enjoin such breach or threatened breach without posting a bond or showing
special damages.  The parties understand and intend that each
restriction agreed to by Moskowitz hereinabove shall be construed as separable
and divisible from every other restriction, that the unenforceability of any
restriction shall not limit the enforceability, in whole or in part, of any
other restriction, and that one or more of all of such restrictions may be
enforced in whole or in part as the circumstances warrant.  In the
event that any restriction in this Agreement is more restrictive than permitted
by law in the jurisdiction in which Medialink seeks enforcement thereof, such
restriction shall be limited to the extent permitted by law.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.           (a)           Moskowitz
hereby stipulates, agrees, and understands that in consideration of the payments
set forth in Section 6 above, that being good and valuable consideration,
Moskowitz hereby acting of his own free will, voluntarily and on behalf of
himself, his heirs, administrators, executors, successors, and assigns, releases
Medialink, its subsidiaries, affiliates, directors, officers, members,
employees, attorneys, representatives, and agents and each of them and their
predecessors, successors and assigns (hereinafter “Medialink Parties”) from any
and all debts, obligations, claims, demands, judgments or causes of action of
any kind whatsoever in tort, contract, by statute, or on any other basis for
compensatory, punitive or any other damages, expenses, reimbursements or costs
of any kind, including but not limited to any and all claims, demands, rights,
and/or causes of action arising out of an alleged breach of the Employment
Agreement or relating to purported employment discrimination or violations such
as Civil Rights violations, including, but not limited to, those arising under
Title VII of the Civil Rights Act of 1964 (42 U.S.C. section 2000e, et seq.), the Civil
Rights Act of 1991, the Civil Rights Act of 1866 and 1871 (42 U.S.C. sections
1981 and 1983), Executive Order 11246 as amended, the Age Discrimination in
Employment Act of 1967 (29 U.S.C. section 621, et seq.), the Equal Pay
Act of 1963 (29 U.S.C. section 26(d)(1), the Rehabilitation Act of 1973 (29
U.S.C. section 701-794), the Americans with Disabilities Act (ADA), the New York
Human Rights Law, Exec. Law, CH. 118, Art. 15, section 290, et seq. or any other
applicable federal, state or local employment discrimination statute or
ordinance which Moskowitz might have or assert against any of the Medialink
Parties:  (1) by reason of his employment relationship or dealings
with Medialink or the termination of said relationship and all circumstances
related thereto; or (2) by reason of any other matter, cause or thing
whatsoever, from the first date of employment to the date of execution of this
Agreement, except that the foregoing (i) does not affect the future right of
Moskowitz and/or any heir, administrator, executor, successor, and assign to
enforce the terms of this Agreement, and (ii) does not waive any vested benefits
under any welfare, pension or retirement benefit plan maintained by Medialink,
which shall be governed by the applicable plan or COBRA, as the case may
be.

    

    (b)           Medialink
hereby stipulates, agrees, and understands that in consideration of the
obligations undertaken herein by Moskowitz, that being good and valuable
consideration, Medialink, on behalf of itself and the Medialink Parties, hereby
releases Moskowitz from any and all debts, obligations, claims, demands,
judgments or causes of action of any kind whatsoever in tort, contract, by
statute, or on any other basis for compensatory, punitive or any other damages,
expenses, reimbursements or costs of any kind arising out of or related to any
fact, thing or matter which is known to Medialink as of the date of this
Agreement.  The knowledge of Moskowitz shall not be imputed to
Medialink.

    

    10.           Moskowitz
agrees and understands that failure in any material respect to adhere to the
terms and conditions of this Agreement, including but not limited to the
provisions of Sections 8 and 9 of this Agreement, as well as any action
commenced by him against the Medialink Parties, other than to enforce the terms
of this Agreement, shall immediately void Medialink’s obligation to pay the
amounts set forth above, and any and all monies and/or benefits provided for
herein to Moskowitz and shall require immediate repayment by Moskowitz of the
value of all consideration paid or provided to Moskowitz by Medialink pursuant
to this Agreement.  Further, in any action by one party hereof against
the other party to enforce the terms of this Agreement, the prevailing party
shall be entitled to reimbursement from the non-prevailing party for the
prevailing party’s reasonable costs and attorneys’ fees in defending or
prosecuting such action.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    11.           (a)           Moskowitz
represents that he has not filed any lawsuits or demands for arbitration against
Medialink, or filed or caused to be filed any charges or complaints against
Medialink with any municipal, state or federal agency charged with the
enforcement of any law.  Pursuant to and as part of Moskowitz’s
release of Medialink as set forth above, Moskowitz agrees to the fullest extent
permitted by law, not to sue, or file a charge, complaint, grievance or demand
for arbitration against Medialink in any forum or assist or otherwise
participate willingly or voluntarily in any claim, arbitration, suit, action,
investigation or other proceeding of any kind which relates to any matter that
involves Medialink, and that occurred up to and including the date of his
execution of this Agreement, unless required to do so by law.  To the
extent any such action may be brought by a third party, Moskowitz expressly
waives any claim to any form of monetary or other damages, or any other form of
recovery or relief in connection with any such action.

    

    (b)           Notwithstanding
the provisions of Section 9(a) and Section 11(a) above, the agreement of
Moskowitz not to file a lawsuit or complaint or charge against the Medialink
Parties as provided in Section 11(a) shall not be deemed, construed or
interpreted as prohibiting Moskowitz from filing a charge or complaint against
the Medialink Parties with the U.S. Equal Opportunity Commission (the “EEOC”),
the New York State Division of Human Rights (the “DHR”) or any other state or
federal governmental agency or authority or from participating in any
investigation or proceeding which may be brought by the EEOC, the DHR or any
other governmental agency or authority against the Medialink Parties; provided
however, even though Moskowitz may file any such complaint or charge or
participate in any such investigation or proceeding, he shall not be entitled or
permitted to participate in or receive any monetary damages or assessments made
by the EEOC, the DHR or any other governmental agency or authority against the
Medialink Parties.  In addition, the agreement of Moskowitz not to
file a lawsuit or complaint or charge against the Medialink Parties as contained
in Section 11(a) shall not be deemed, construed or interpreted as prohibiting
Moskowitz from challenging the validity of the release contained in Section 9(a)
or his agreement not to file a lawsuit or complaint or charge against the
Medialink Parties as contained in Section 11(a).

    

    12.           Medialink
acknowledges that Moskowitz may make an application for unemployment benefits
and Medialink agrees not to contest or object to same, provided that such
application is truthful and accurate.

    

    13.           Medialink
agrees that, other than disclosures required by law, rule or regulation, it will
make no disclosures concerning Moskowitz’s employment or other information
regarding Moskowitz, except to the extent requested to do so by Moskowitz and
except to state that pursuant to Medialink policy it can only confirm
employment, job title, dates of service, rate of pay or to disclose other
information as required by law.

    

    14.           Medialink
and Moskowitz agree that confidentiality is a material condition of this
Agreement.  Moskowitz agrees not to disclose or make reference to the
terms of this Agreement without prior written consent of Medialink, except as
required by law; provided, however, that disclosure shall be permitted to
Moskowitz’s attorney, financial advisors and immediate family, and to any new or
potential employers of Moskowitz.  Nothing herein shall preclude
Moskowitz from discussing in general terms his duties and responsibilities while
at Medialink.  Moskowitz acknowledges that Medialink will file all
appropriate securities filings with regard to the termination of Moskowitz’s
employment relationship with Medialink.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    15.           Moskowitz
further agrees that he shall make no negative statements concerning any aspect
of the business of Medialink or concerning any of the Medialink Parties or The
NewsMarket, Inc. or the Merger Partner.  Medialink agrees that it
shall make no negative statements regarding Moskowitz.

    

    16.           Moskowitz
acknowledges that, other than as expressly set forth herein, he has no
entitlement to severance pay, change in control payments, or any benefit
resulting from the termination of his relationship with
Medialink.  Moskowitz further understands that his receiving the
consideration set forth in this Agreement is conditional upon his signing and
not revoking this Agreement and complying with the terms and provisions
hereof.

    

    17.           If
any provision, or portion thereof, of this Agreement is determined to be invalid
under applicable statute or rule of law, only such provision, and only to the
extent determined to be invalid, shall be deemed omitted from this Agreement,
the remainder of which shall remain in full force and effect.

    

    18.           This
Agreement, together with the Employment Agreement as modified herein,
constitutes the complete agreement between the parties and no other
representations have been made by Medialink or Moskowitz.  This
document resolves all outstanding issues arising from Moskowitz’s relationship
with Medialink.

    

    19.           This
Agreement and its execution, validity and interpretation shall be governed in
all respects in accordance with the laws of the State of New York, excluding its
conflicts of law rules.  The parties hereto agree that any legal suit,
action, or proceeding against them arising out of or relating to this Agreement
shall be brought exclusively in the United States Federal Court in the Southern
District of New York or in the Supreme Court for the State of New York, County
of New York.  The parties hereto hereby accept the jurisdictions of
such courts for the purpose of any such action or proceeding.  EACH
PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT TO A TRIAL BY JURY IN RESPECT TO ANY PROCEEDING BROUGHT BY ONE PARTY
AGAINST ANOTHER RELATED TO THIS AGREEMENT.

    

    20.           This
Agreement may be executed simultaneously in two or more counterparts, each of
which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

    

    
      
        
          
            	 
      	 
      	
                    MEDIALINK
      WORLDWIDE INCORPORATED

                  
	 
      	 
      	 
      	 
      	 
      
	
                    /s/
      Laurence Moskowitz

                  	 
      	 
      	
                    By:

                  	
                            /s/
      Harold Finelt

                  
	
                    LAURENCE
      MOSKOWITZ

                  	 
      	 
      	 
      	
                    Name:
      Harold Finelt

                  
	 
      	 
      	 
      	 
      	
                    Title:   Chair.
      Compensation Committee

                  
	 
      	 
      	 
      	 
      	 
      
	
                    Date:  June
      18, 2009

                  	 
      	 
      	
                    Date:  June
      19, 2009

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00160-of-00352.parquet"}]]