Document:

First Amendment to Pledge Agreement

 Exhibit 10.11 
 FIRST AMENDMENT 
 TO PLEDGE AGREEMENT 
 (Borrower) 
 This FIRST
AMENDMENT TO PLEDGE AGREEMENT (this “Amendment”) is made as of the 23rd day of February, 2009 among: 
 (a) JUPITERMEDIA CORPORATION, a Delaware corporation, to be known as WebMediaBrands Inc. (“Borrower”); and 
 (b) KEYBANK NATIONAL ASSOCIATION, as administrative agent for the benefit of the Lenders, as hereinafter defined (“Agent”). 
 WHEREAS, Borrower entered into that certain Credit and Security Agreement, dated as of July 12, 2007, with the lenders named therein (the
“Lenders”), Agent, and Citizens Bank, N.A., as the syndication agent (as amended, the “Credit Agreement”); 
 WHEREAS, in
connection with the Credit Agreement, Borrower and Agent entered into that certain Pledge Agreement, dated as of July 12, 2007 (as the same may from time to time be amended, restated or otherwise modified, the “Pledge Agreement”);

 WHEREAS, Borrower and KeyBank National Association, in its own capacity and not as agent for the Lenders (“KeyBank”), entered
into that certain hedge agreement, the terms and conditions of which are governed by that certain 1992 ISDA Master Agreement between Borrower and KeyBank, dated as of July 19, 2007 (the “Master Agreement”), and evidenced by that
certain Confirmation between Borrower and KeyBank, dated as of July 19, 2007, executed in accordance with the Master Agreement (collectively, the “Swap Agreement”); 
 WHEREAS, on the date hereof, Borrower is terminating the Commitment under the Credit Agreement, pursuant to the terms of that certain Payoff Letter,
dated as of February 23, 2009, from Agent, and acknowledged and agreed to by Borrower; 
 WHEREAS, notwithstanding the termination of
the Credit Agreement, the obligations under the Swap Agreement (together with any other obligations owing to KeyBank under the Master Agreement, collectively, the “Swap Obligations”) that are currently secured pursuant to the Credit
Agreement (and certain other security documents executed in connection therewith, including the Pledge Agreement) will be permitted to remain outstanding after the termination of the Credit Agreement; 
 WHEREAS, Borrower and Agent desire to amend the Pledge Agreement so that the Pledge Agreement only continues to secure the Swap Obligations; 

WHEREAS, each capitalized term used herein and defined in the Pledge Agreement, but not otherwise defined herein, shall have the meaning given such
term in the Pledge Agreement; and 

 WHEREAS, unless otherwise specifically provided herein, the provisions of the Pledge Agreement revised
herein are amended effective as of the date of this Amendment; 
 NOW, THEREFORE, in consideration of the premises and of the mutual
covenants herein and for other valuable consideration, Borrower and Agent agree as follows: 
 1. Amendment to Introductory Paragraph.
The introductory paragraph of the Pledge Agreement is hereby amended to delete therefrom the phrase “as administrative agent under the Credit Agreement, as hereinafter defined”, and to insert in place thereof the phrase “as
administrative agent for itself and any other Persons that participate in the Swap Obligations”. 
 2. Amendment to Recitals.
Section 1 of the Pledge Agreement is hereby amended to delete Section 1 therefrom and to insert in place thereof the following: 
 1. Recitals. 
 Borrower has entered into that certain ISDA Master Agreement, dated as of July 19, 2007,
with KeyBank (as the same may from time to time be amended, restated or otherwise modified, the “Master Agreement”), as evidenced by that certain Confirmation, dated as of July 19, 2007, executed in accordance with the Master
Agreement (the “Confirmation”, and together with the Master Agreement, collectively, the “Swap Agreement”). 
 Borrower deems it to be in its direct pecuniary and business interests that Borrower continue to obtain from the Lenders, as hereinafter defined, the financial accommodations provided for in the Swap Agreement. 
 Borrower understands that the Lenders are willing to continue to grant such financial accommodations to Borrower only upon certain terms
and conditions, one of which is that Borrower continue to grant to Agent, for the benefit of the Lenders, a security interest in the Collateral, as hereinafter defined, and this Agreement is being executed and delivered in consideration of the
Lenders continuing to grant the financial accommodations provided for under the Swap Agreement and for other valuable consideration. 
 3.
Amendment to the Introductory Clause of Section 2. Section 2 of the Pledge Agreement is hereby amended to delete the introductory clause therefrom and to insert in place thereof the following: 
 “Except as specifically defined herein, terms that are defined in the U.C.C. are used herein as so defined. As used in this
Agreement, the following terms shall have the following meanings:” 
  

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 4. Amendment to Definitions. Section 2 of the Pledge Agreement is hereby amended to delete
the definitions of “Obligations” and “Pledged Securities” therefrom and to insert in place thereof, respectively, the following: 
 “Obligations” means, collectively, (a) all present and future obligations and liabilities of any kind incurred by Borrower pursuant to the Swap Agreement, including all Transactions, as defined in the
Swap Agreement, entered into thereunder and all termination values, expenses and damages payable in accordance with the terms thereof; (b) interest from time to time accruing on any of the foregoing, and all fees and other amounts payable by
Borrower pursuant to the Swap Agreement or any other Loan Document; and (c) all Related Expenses. 
 “Pledged
Securities” means, subject to Section 5 hereof, all of the shares of stock or other equity interest of each Subsidiary of Pledgor owned by Pledgor, as listed on the attached Exhibit A, and all additional shares of stock or other
equity interest of each Subsidiary of Pledgor owned by Pledgor from time to time or acquired by Pledgor in any manner; provided that Pledged Securities shall exclude Pledgor’s interest in Japan.internet.com K.K. 
 5. Additions to Definitions. Section 2 of the Pledge Agreement is hereby amended to add the following new definitions thereto: 
 “Business Day” means any day that is not a Saturday, a Sunday or another day of the year on which national banks are authorized
or required to close in Cleveland, Ohio or New York, New York. 
 “Companies” means Borrower and all Subsidiaries of
Borrower. 
 “Company” means Borrower or a Subsidiary of Borrower. 
 “Foreign Subsidiary” means a Subsidiary that is organized under the laws of any jurisdiction other than the United States, any
State thereof or the District of Columbia. 
 “Governmental Authority” means any nation or government, any state,
province or territory or other political subdivision thereof, any governmental agency, department, authority, instrumentality, regulatory body, court, central bank or other governmental entity exercising executive, legislative, judicial, taxing,
regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory organization exercising such functions. 
 “KeyBank” means KeyBank National Association, a national banking association, and its successors and assigns. 
 “Lender” or “Lenders” means KeyBank. 
  

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 “Loan Documents” means, collectively, this Agreement, the Swap Agreement, any
documents executed in connection with the Swap Agreement, and any documents that secure the Swap Agreement, and any document executed by Borrower in connection with obligations that are secured by the security interest granted under this Agreement;
as any of the foregoing may from time to time be amended, restated or otherwise modified or replaced, and any other document delivered pursuant thereto. 
 “Person” means any individual, sole proprietorship, partnership, joint venture, unincorporated organization, corporation, limited liability company, unlimited liability company, institution, trust, estate,
Governmental Authority or any other entity. 
 “Related Expenses” means any and all costs, liabilities and expenses
(including, without limitation, losses, damages, penalties, claims, actions, attorneys’ fees, legal expenses, judgments, suits and disbursements) (a) incurred by Agent, or imposed upon or asserted against Agent or any Lender, in any
attempt by Agent and the Lenders to (i) enforce this Agreement, the Swap Agreement or any Related Writing, or to obtain, preserve or perfect any security interest evidenced by this Agreement, the Swap Agreement or any Related Writing;
(ii) obtain payment, performance or observance of any and all of the Obligations; or (iii) maintain, insure, audit, collect, preserve, repossess or dispose of any of the collateral securing the Obligations or any part thereof, including,
without limitation, costs and expenses for appraisals, assessments and audits of any Company or any such collateral; or (b) incidental or related to (a) above, including, without limitation, interest thereupon from the date incurred,
imposed or asserted until paid at the Default Rate, as defined in the Swap Agreement. 
 “Related Writing” means
each Loan Document and any other assignment, mortgage, security agreement, guaranty agreement, subordination agreement, financial statement, audit report or other writing furnished by Borrower, any guarantor of payment or any mortgagor, or any
officers or agents of any of the foregoing, to Agent or the Lenders pursuant to or otherwise in connection with the Obligations. 
 “Subsidiary” means (a) a corporation more than fifty percent (50%) of the Voting Power of which is owned, directly or indirectly, by Borrower or by one or more other subsidiaries of Borrower or by Borrower and one or
more subsidiaries of Borrower, (b) a partnership, limited liability company or unlimited liability company of which Borrower, one or more other subsidiaries of Borrower or Borrower and one or more subsidiaries of Borrower, directly or
indirectly, is a general partner or managing member, as the case may be, or otherwise has an ownership interest greater than fifty percent (50%) of all of the ownership interests in such partnership, limited liability company or unlimited
liability company, or (c) any other Person (other than a corporation, partnership, limited liability company or unlimited liability company) in which Borrower, one or more other subsidiaries of Borrower or Borrower and one or more subsidiaries
of Borrower, directly or indirectly, has at least a majority interest in the Voting Power or the power to elect or direct the election of a majority of directors or other governing body of such Person. 
  

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 “U.C.C.” means the Uniform Commercial Code, as in effect from time to time in
Ohio. 
 “Voting Power” means, with respect to any Person, the exclusive ability to control, through the ownership
of shares of capital stock, partnership interests, membership interests or otherwise, the election of members of the board of directors or other similar governing body of such Person. The holding of a designated percentage of Voting Power of a
Person means the ownership of shares of capital stock, partnership interests, membership interests or other interests of such Person sufficient to control exclusively the election of that percentage of the members of the board of directors or
similar governing body of such Person. 
 6. Amendment to Representations and Warranties. Section 4 of the Pledge Agreement is
hereby amended to delete subsections 4.1 and 4.5 therefrom and to insert in place thereof, respectively, the following: 
 4.1. Borrower is the legal record and beneficial owner of, and has good and marketable title to, the Pledged Securities, and the Pledged Securities are not subject to any pledge, lien, mortgage, hypothecation, security interest, charge,
option, warrant or other encumbrance whatsoever, nor to any agreement purporting to grant to any third party a security interest in the property or assets of Borrower that would include such Pledged Securities, except the security interest created
by this Agreement or otherwise securing only Agent and the Lenders or as set forth on Schedule 1 hereto. 
 4.5. The
pledge, assignment and delivery of the Pledged Securities hereunder creates a valid first lien on, and a first perfected security interest in, the Pledged Securities and the proceeds thereof. Other than pursuant to this Agreement or as set forth on
Schedule 1 hereto, Borrower has not granted any other liens on, or security interests in, the Pledged Securities. 
 7. Amendment
to Foreign Subsidiaries. Section 5 of the Pledge Agreement is hereby amended to delete Section 5 therefrom and to insert in place thereof the following: 
 5. Foreign Subsidiaries. Notwithstanding anything in this Agreement to the contrary, Borrower shall not be required to pledge the
equity interest of any indirect Foreign Subsidiary or more than sixty-five percent (65%) of the total combined Voting Power of all classes of equity interests or stock of any first tier (direct) Foreign Subsidiary. 
 8. Amendment to Additional Covenants of Borrower. Section 6 of the Pledge Agreement is hereby amended to delete subsection 6.2 therefrom and
to insert in place thereof the following: 
 6.2. Borrower covenants and agrees not to sell, assign, transfer, exchange or
otherwise dispose of, or grant any option with respect to, or create, incur or permit to exist any pledge, lien, mortgage, hypothecation, security interest, charge, option or any 

  

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other encumbrance with respect to any of the Pledged Securities, or any interest therein, or any proceeds thereof, except for the lien and security interest
provided for by this Agreement and any security agreement securing only Agent and the Lenders, and as set forth on Schedule 1 hereto. 
 9. Amendment to Event of Default. Section 7 of the Pledge Agreement is hereby amended to delete subsection 7.1 therefrom and to insert in place thereof the following: 
 7.1. Any of the following shall constitute an Event of Default under this Agreement: (a) an Event of Default, as defined in the Swap
Agreement, shall occur under the Swap Agreement; (b) any representation, warranty or statement made by Borrower in or pursuant to this Agreement or in any other writing received by Agent or the Lenders in connection with the Obligations shall
be false or erroneous in any material respect; or (c) Borrower shall fail or omit to perform or observe any agreement made by Borrower in or pursuant to this Agreement or in any other writing received by Agent or the Lenders pursuant hereto,
and such failure or omission to perform or observe such agreement or other writing shall not have been fully corrected within thirty (30) days after the earlier of (i) any financial officer of Borrower becomes aware of the occurrence
thereof, or (ii) the giving of written notice thereof to Borrower by Agent that the specified failure or omission is to be remedied. 
 10. Amendment to Notice. Section 10 of the Pledge Agreement is hereby amended to delete Section 10 therefrom and to insert in place thereof the following: 
 10. Notice. All notices, requests, demands and other communications provided for hereunder shall be in writing and, if to Borrower,
mailed or delivered to it, addressed to it at the address specified as Borrower’s notice address in the Swap Agreement, if to Agent, mailed or delivered to it, addressed to KeyBank National Association, 127 Public Square, Cleveland, Ohio 44114,
Attention: Institutional Bank, or, as to each party, at such other address as shall be designated by such party in a written notice to each of the other parties. All notices, statements, requests, demands and other communications provided for
hereunder shall be deemed to be given or made when delivered or two Business Days after being deposited in the mails with postage prepaid by registered or certified mail, addressed as aforesaid, or sent by facsimile with telephonic confirmation of
receipt, except that all notices hereunder shall not be effective until received. 
 11. Amendment to Termination. Section 14 of
the Pledge Agreement is hereby amended to delete Section 14 therefrom and to insert in place thereof the following: 
 14. Termination. At such time as the Obligations shall have been irrevocably paid in full and the Swap Agreement terminated and not replaced by any other credit facility with Agent, Borrower shall have the right to terminate this
Agreement. Upon written request of Borrower, Agent shall promptly execute and deliver to Borrower appropriate releases with respect to the Collateral and return all of the Pledged Securities to Borrower. 
  

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 12. Amendment to Schedules to Pledge Agreement. The Pledge Agreement is hereby amended to add a
new Schedule 1 (Liens) thereto, in the form of Schedule 1 hereto. 
 13. Closing Deliveries. Concurrently with the
execution of this Amendment, Borrower shall pay all legal fees and expenses of Agent in connection with this Amendment. 
 14.
Confirmation of Recitals. Borrower and Agent hereby confirm the statements set forth in the recitals of this Amendment. 
 15.
Representations and Warranties. Borrower hereby represents and warrants to Agent and the Lenders that (a) Borrower has the legal power and authority to execute and deliver this Amendment; (b) the officers executing this Amendment
have been duly authorized to execute and deliver the same and bind Borrower with respect to the provisions hereof; (c) the execution and delivery hereof by Borrower and the performance and observance by Borrower of the provisions hereof do not
violate or conflict with the organizational agreements of Borrower or any law applicable to Borrower or result in a breach of any provision of or constitute a default under any other agreement, instrument or document binding upon or enforceable
against Borrower; (d) no Event of Default exists, nor will any occur immediately after the execution and delivery of this Amendment or by the performance or observance of any provision hereof; (e) each of the representations and warranties
contained in the Swap Agreement and all Related Writings is true and correct in all material respects as of the date hereof, except to the extent that any such representation or warranty expressly states that it relates to an earlier date (in which
case such representation or warranty is true an correct in all material respects as of such earlier date); (f) on the date hereof, Borrower is not aware of any claim or offset against, or defense or counterclaim to, Borrower’s obligations
or liabilities under the Swap Agreement or any Related Writing; and (g) this Amendment constitutes a valid and binding obligation of Borrower in every respect, enforceable in accordance with its terms. 
 16. Waiver and Release. Borrower, by signing below, hereby waives and releases Agent and each of the Lenders, and their respective directors,
officers, employees, attorneys, affiliates and subsidiaries, from any and all claims, offsets, defenses and counterclaims of which Borrower is aware on the date hereof, such waiver and release being with full knowledge and understanding of the
circumstances and effect thereof and after having consulted legal counsel with respect thereto. 
 17. References to Pledge Agreement and
Ratification. Each reference that is made in the Pledge Agreement or any other Related Writing shall hereafter be construed as a reference to the Pledge Agreement as amended hereby. Except as herein otherwise specifically provided, all terms and
provisions of the Pledge Agreement are confirmed and ratified and shall remain in full force and effect and be unaffected hereby. This Amendment is a Related Writing. 
 18. Counterparts. This Amendment may be executed in any number of counterparts, by different parties hereto in separate counterparts and by facsimile signature, each of which, when so executed and delivered,
shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 
  

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 19. Headings. The headings, captions and arrangements used in this Amendment are for convenience
only and shall not affect the interpretation of this Amendment. 
 20. Severability. Any term or provision of this Amendment held by a
court of competent jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this Amendment and the effect thereof shall be confined to the term or provision so held to be invalid or unenforceable. 
 21. Governing Law. The rights and obligations of all parties hereto shall be governed by the laws of the State of New York, without regard to
principles of conflicts of laws. 
 [Remainder of page intentionally left blank.] 
  

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 JURY TRIAL WAIVER. BORROWER, AGENT AND THE LENDERS, TO THE EXTENT PERMITTED BY LAW, EACH HEREBY
WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG BORROWER, AGENT AND THE LENDERS, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO, OR INCIDENTAL TO THE
RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH THIS AMENDMENT OR ANY NOTE OR OTHER INSTRUMENT, DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO. 
 IN WITNESS WHEREOF, the parties have executed and delivered this Amendment as of the date first set forth above. 
  

			
	JUPITERMEDIA CORPORATION
		
	By:	 	 /s/    Alan M. Meckler

	Name:	 	Alan M. Meckler
	Title:	 	Chairman and Chief Executive Officer
	
	 KEYBANK NATIONAL ASSOCIATION,
     as Agent and as a Lender

		
	By:	 	 /s/    Jeff Kalinowsky

		 	 Jeff Kalinowsky
 Senior Vice
President

 Signature Page to 
 First Amendment to Pledge AgreementBlocked Account Pledge and Control Agreement

 Exhibit 10.13 
 BLOCKED ACCOUNT PLEDGE AND CONTROL AGREEMENT 
 (Blocked Account – Exclusive Control by Secured Party)

 This BLOCKED ACCOUNT PLEDGE AND CONTROL AGREEMENT (as the same may from time to time be amended, restated or otherwise modified, this
“Agreement”) is made and entered into as of February 23, 2009, by and among JUPITERMEDIA CORPORATION, a Delaware corporation, to be known as WebMediaBrands Inc. (“Pledgor”), KEYBANK NATIONAL ASSOCIATION, in its capacity as a
creditor of Pledgor, as more fully hereinafter described (“Secured Party”), and KEYBANK NATIONAL ASSOCIATION, as a depository bank (together with any other affiliate of KeyBank National Association that may from time to time hold the
Blocked Account, as hereinafter defined, collectively, “Depository Bank”). 
 1. Recitals. 
 Pledgor and Secured Party entered into that certain Letter of Credit Reimbursement and Security Agreement, dated as of February 23, 2009, (as the
same may from time to time be amended, restated or otherwise modified, the “LOC Agreement”), pursuant to which Secured Party has issued the letter of credit more specifically described in Exhibit A hereto (the “Remaining Letter
of Credit”). 
 Pledgor has determined that it is in the business and financial interest of Pledgor that Secured Party continue to
provide the Remaining Letter of Credit for the account of Pledgor. 
 Pledgor understands that Secured Party is willing to continue to
provide the Remaining Letter of Credit only upon certain terms and conditions, one of which is that Pledgor grant to Secured Party a security interest in the Blocked Account, and this Agreement is being executed and delivered in consideration of the
financial accommodations granted by Secured Party pursuant to the LOC Agreement and the Remaining Letter of Credit, and for other valuable consideration. 
 Pledgor has deposited Five Hundred Thousand Dollars ($500,000) into the Blocked Account, which funds are being held to secure the Obligations, as hereinafter defined. 
 2. Definitions. Except as otherwise specifically defined herein, terms that are defined in Chapter 1308 or Chapter 1309 of the Ohio Revised Code
as in effect from time to time are used in this Agreement as so defined. As used herein, the following terms shall have the respective meanings indicated: 
 “Credit” means any letter of credit issued by Secured Party in accordance with the LOC Agreement. 
 “Blocked Account” means (a) account number 35698800002667 of Pledgor with Depository Bank, and (b) all cash, instruments, certificates of deposit (whether certificated or 

 
uncertificated), and other cash equivalents of Pledgor held in such account from time to time, including but not limited to any interest earned on any of the
foregoing. 
 “Document” means any paper, whether negotiable or non-negotiable, including, but not limited to all shipping
documents, warehouse receipts, documents of title, (whether or not assigned), policies or certificates of insurance, and other documents, security invoices and certificates of insurance, and other documents, security, invoices and certificates
accompanying or relating to drafts drawn under the Remaining Letter of Credit, shipped, stored, or otherwise disposed of in connection with the Remaining Letter of Credit. 
 “Obligations” means, collectively, (a) all amounts, reimbursement obligations, loans and other indebtedness and obligations now owing or
hereafter incurred to Secured Party pursuant to the Remaining Letter of Credit, as provided for by the LOC Agreement; (b) each renewal, extension, consolidation or refinancing of any of the foregoing, in whole or in part; (c) all interest
from time to time accruing on any of the foregoing, and all fees and other amounts owing to Secured Party pursuant to the Remaining Letter of Credit, as provided for by the LOC Agreement; (d) every other liability, now or hereafter owing to
Secured Party pursuant to the Remaining Letter of Credit, the LOC Agreement or any other Document; and (e) all Related Expenses incurred in connection with any of the foregoing. 
 “Related Expenses” means any and all costs, liabilities and expenses (including, without limitation, losses, damages, penalties, claims,
actions, reasonable attorneys’ fees, legal expenses, judgments, suits and disbursements) (a) incurred by, imposed upon or asserted against, Secured Party in any attempt by Secured Party to (i) obtain, preserve, perfect or enforce this
Agreement or any security interest evidenced by this Agreement, (ii) obtain payment, performance or observance of any or all of the Obligations, or (iii) maintain, insure, audit, collect, preserve, repossess or dispose of any of the
collateral securing the Obligations or any thereof, including, without limitation, costs and expenses for appraisals, assessments and audits of Pledgor or any such collateral; or (b) incidental or related to (a) above, including, without
limitation, interest thereupon from the date incurred, imposed or asserted until paid. 
 3. Security Interest. Pledgor hereby grants
to Secured Party a security interest in and an assignment of the Blocked Account, and pledges and assigns the Blocked Account to Secured Party, to secure the prompt and full payment and performance of the Obligations. Pledgor hereby irrevocably
authorizes Secured Party at any time and from time to time, after the earlier to occur of (a) a violation by Pledgor of this Agreement, and (b) the occurrence of any one or more events of default, as provided for in the LOC Agreement, to
cause any and all of the funds, credits and balances in the Blocked Account, including interest on the Blocked Account, to be applied, paid over or transferred to Secured Party or Secured Party’s nominee to satisfy the Obligations in whole or
in part or to further provide cash collateral to secure the Obligations, and irrevocably authorizes, consents and agrees to Depository Bank accepting and executing any instructions or directions from Secured Party to effect any such transactions.

 4. Rights and Remedies. Secured Party shall have all rights and remedies of a secured party under the Uniform Commercial Code and
any other applicable law, in respect to the Blocked Account, including, without limitation, the rights to cause all funds, credits and 

  

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balances in the Blocked Account from time to time to be paid over to Secured Party or as Secured Party may direct for application on the Obligations or for
such other purposes as may be authorized under the LOC Agreement, this Agreement and/or the Uniform Commercial Code or other applicable law. The rights and remedies of Secured Party and Depository Bank stated herein are in addition to any other
right, power, privilege or remedy, in law, in equity or otherwise, that Secured Party or Depository Bank may have. 
 5. CONTROL.
PLEDGOR, SECURED PARTY AND DEPOSITORY BANK HEREBY AGREE THAT DEPOSITORY BANK WILL COMPLY WITH INSTRUCTIONS ORIGINATED BY SECURED PARTY DIRECTING DISPOSITION OF THE FUNDS IN THE BLOCKED ACCOUNT WITHOUT FURTHER NOTICE TO OR CONSENT BY PLEDGOR. SECURED
PARTY SHALL HAVE EXCLUSIVE CONTROL OF THE DEPOSITORY ACCOUNT. DEPOSITORY BANK SHALL NOT COMPLY WITH ORDERS OR INSTRUCTIONS CONCERNING THE BLOCKED ACCOUNT FROM PLEDGOR AND, AS OF THE DATE OF THIS AGREEMENT, DEPOSITORY BANK SHALL ONLY COMPLY WITH
ORDERS OR INSTRUCTIONS CONCERNING THE BLOCKED ACCOUNT FROM SECURED PARTY. 
 6. Pledgor’s Representations and Warranties. Pledgor
represents and warrants to Secured Party and Depository Bank as follows: 
 (a) the Blocked Account has been established in
the name of Pledgor as set forth above and is not evidenced by any instrument or certificate; 
 (b) the Blocked Account is
not subject to any pledge, lien, mortgage, hypothecation, security interest, charge, option, warrant or other claim or encumbrance to or in favor of any person or entity other than Secured Party and Depository Bank, or to any agreement purporting to
grant or create any such interest or claim, except for the security interest created by this Agreement and the rights of Depository Bank in respect of the Blocked Account; 
 (c) Pledgor has full power, authority and legal right to pledge the Blocked Account pursuant to the terms of this Agreement and this
Agreement has been duly authorized, executed and delivered by and on behalf of Pledgor; 
 (d) no consent, license, permit,
approval, authorization, filing or declaration with any governmental authority, domestic or foreign, and no consent of any person or entity (other than Depository Bank), is required to be obtained by Pledgor in connection with the pledge of the
Blocked Account hereunder, that has not been obtained or made, and is not in full force and effect; and 
 (e) Pledgor has
received consideration that is the reasonably equivalent value of the obligations and liabilities that it has incurred to Secured Party. Pledgor is not insolvent, as defined in any applicable state, federal or foreign statute, nor will Pledgor be
rendered insolvent by the execution and delivery of this Agreement. Pledgor is not engaged or about to engage in any business or transaction for which the assets retained by 

  

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Pledgor are or will be an unreasonably small amount of capital, taking into consideration the obligations of Pledgor to Secured Party incurred hereunder.
Pledgor does not intend to incur debts beyond Pledgor’s ability to pay such debts as they mature. 
 7. Additional Covenants of
Pledgor. 
 (a) No Liens. Pledgor covenants and agrees to not create, incur or permit to exist any pledge, lien,
mortgage, hypothecation, security interest, charge, option or other encumbrance with respect to the Blocked Account, or any interest therein, except for the interests of Depository Bank and Secured Party provided for and referred to herein.

 (b) Further Acts. Pledgor covenants and agrees (i) to cooperate, in good faith, with Depository Bank and
Secured Party to do or cause to be done all such other acts as may be necessary to enforce the rights of Secured Party under this Agreement, and (ii) not to take any action with respect to the Blocked Account, or to fail to take any action that
would be adverse to the interests of Depository Bank or Secured Party. 
 8. The Blocked Account. Depository Bank represents and
warrants to Secured Party as follows: 
 (a) the Blocked Account has been established in the name of Pledgor as set forth
above and is not evidenced by any instrument or certificate; and 
 (b) except for the interests of Pledgor and Secured Party
in the Blocked Account, the records of Depository Bank do not indicate that any other person or entity has any claim to or interest in the Blocked Account. 
 9. Acknowledgements and Agreements of Depository Bank Depository Bank hereby acknowledges and consents and agrees to the security interest and assignment granted to Secured Party by Pledgor hereunder in the
Blocked Account. Depository Bank hereby retains the rights that it may have against the Blocked Account, including (a) the rights to charge the Blocked Account in connection with returned items and (b) payment of Depository Bank account
maintenance and service fees pursuant to the terms and conditions governing the Blocked Account as reflected from time to time (the “Blocked Account Agreement”). Depository Bank shall not agree with any third party that Depository Bank
will comply with orders and instructions concerning the Blocked Account originated by such third party without the prior written consent of Secured Party. 
 10. Statements, Confirmations and Notice of Adverse Claims. Depository Bank shall send copies of all statements, confirmations and other correspondence concerning the Blocked Account simultaneously to Pledgor
and Secured Party at the address of each set forth on the signature page of this Agreement. If any person or entity asserts any lien, encumbrance or adverse claim against the Blocked Account, Depository Bank shall immediately notify Secured Party.
Pledgor and Depository Bank agree to provide to Secured Party at any time and from time to time such information regarding the Blocked Account and transactions relating thereto as Secured Party may request. 
  

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 11. Liability of Depository Bank. Depository Bank shall not have any responsibility or liability
to Pledgor for complying with instructions and orders concerning the Blocked Account originated by Secured Party at any time. Depository Bank shall not have any duty to investigate or make any determination as to whether a default or event of
default exists under the LOC Agreement or under any other document, instrument or agreement. 
 12. Tax Reporting. To the extent so
reported by Depository Bank, all items of income, gain, expense and loss recognized in the Blocked Account shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number
of Pledgor. 
 13. Blocked Account Agreement. In the event of a conflict between this Agreement and the Blocked Account Agreement, or
any other agreement relating to the Blocked Account, the terms of this Agreement shall prevail. Regardless of any provision in the Blocked Account Agreement, or any other agreement relating to the Blocked Account, the State of Ohio shall be deemed
to be Depository Bank’s location for purposes of this Agreement and the perfection and priority of the security interest of Secured Party in the Blocked Account. 
 14. Severability. The provisions of this Agreement are severable, and, if any clause or provision shall be held invalid and unenforceable in whole or in part in any jurisdiction, then such invalidity or
unenforceability shall affect only such clause or provision, or part thereof, in such jurisdiction, and shall not in any manner affect such clause or provision in any other jurisdiction, or any other clause or provision of this Agreement in any
jurisdiction. 
 15. Entire Agreement. This Agreement and the Blocked Account Agreement integrate all of the terms and conditions
governing the Blocked Account and supersede all oral representations and negotiations and prior writings with respect to the subject matter hereof. 
 16. Interpretation. Each right, power or privilege specified or referred to in this Agreement is cumulative and in addition to and not in limitation of any other rights, powers and privileges that Secured Party may otherwise have or
acquire by operation of law, by contract or otherwise. No course of dealing by Depository Bank or Secured Party in respect of, nor any omission or delay by Depository Bank or Secured Party in the exercise of, any right, power or privilege shall
operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or of any other right, power or privilege, as Depository Bank or Secured Party may exercise
each such right, power or privilege either independently or concurrently with others and as often and in such order as Depository Bank or Secured Party, as the case may be, may deem expedient. No waiver, consent or other agreement shall be deemed to
have been made by Depository Bank or Secured Party shall be binding unless specifically granted by Depository Bank or Secured Party in writing, and each such writing shall be strictly construed. If, at any time, one or more provisions of this
Agreement is or becomes invalid, illegal or unenforceable in whole or in part, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. The captions to sections herein are inserted
for convenience only and shall be ignored in interpreting the provisions of this Agreement. 
  

 5 

 17. Successors and Assigns. This Agreement shall be binding upon Pledgor and Pledgor’s
successors and assigns and shall inure to the benefit of, be enforceable and exercisable by, and be binding upon Depository Bank and Secured Party and their respective successors and assigns. 
 18. Termination. At such time as the Obligations shall have been irrevocably paid in full, the LOC Agreement satisfied and terminated and no
commitment on the part of Secured Party to make any loan or advance, issue any letter of credit or otherwise provide credit or financial accommodations to Pledgor (or any affiliate of Pledgor) shall be in effect, Pledgor shall have the right to
terminate this Agreement upon the earlier of (a) the expiration or termination of the Remaining Letter of Credit, or (b) the date that Pledgor delivers to Secured Party a back to back letter of credit, in form and substance acceptable to
the Secured Party, ensuring payment of all amounts due under the Remaining Letter of Credit (including but not limited to any fees and expenses associated with such Remaining Letter of Credit). Upon the satisfaction of the conditions for termination
of this Agreement set forth above and receipt by Secured Party of a written request from Pledgor to terminate this Agreement, Secured Party shall promptly acknowledge and agree to the termination of this Agreement, and permit Pledgor to resume
control of the funds in the Blocked Account. 
 19. Counterparts. This Agreement may be executed in any number of counterparts, by
different parties hereto in separate counterparts and by facsimile signature, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 

20. Notice. All notices, requests, demands and other communications provided for hereunder shall be in writing and mailed or delivered,
addressed to each party at the address specified on the signature page of this Agreement. All notices, statements, requests, demands and other communications provided for hereunder shall be deemed to be given or made when delivered or two business
days after being deposited in the mails with postage prepaid by registered or certified mail, addressed as aforesaid, or sent by facsimile with telephonic confirmation of receipt, except that notices from Pledgor to Depository Bank or Secured Party
pursuant to any of the provisions hereof shall not be effective until received by such party. 
 21. Governing Law; Submission to
Jurisdiction. The provisions of this Agreement and the respective rights and duties of Pledgor, Depository Bank and Secured Party hereunder shall be governed by and construed in accordance with Ohio law, without regard to principles of conflicts
of laws. Pledgor hereby irrevocably submits to the non exclusive jurisdiction of any Ohio state or federal court sitting in Cleveland, Ohio, over any action or proceeding arising out of or relating to this Agreement or the LOC Agreement, and Pledgor
hereby irrevocably agrees that all claims in respect of such action or proceeding may be heard and determined in such Ohio state or federal court. Pledgor, Depository Bank and Secured Party hereby irrevocably waive, to the fullest extent permitted
by law, any objection it may now or hereafter have to the laying of venue in any action or proceeding in any such court as well as any right it may now or hereafter have to remove such action or proceeding, once commenced, to another court on the
grounds of FORUM NON CONVENIENS or otherwise. Pledgor agrees that a final, nonappealable 

  

 6 

 
judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. 
 [Remainder of page intentionally left blank.] 
  

 7 

 JURY TRIAL WAIVER. PLEDGOR, DEPOSITORY BANK AND SECURED PARTY HEREBY WAIVE ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG PLEDGOR, DEPOSITORY BANK AND SECURED PARTY, OR ANY THEREOF, ARISING OUT OF, IN CONNECTION WITH, RELATED TO OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED
AMONG THEM IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER DOCUMENT OR AGREEMENT EXECUTED OR DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS RELATED THERETO.
 IN WITNESS WHEREOF, the undersigned have executed this Blocked Account Pledge and Control Agreement as of the date first written above. 
  

							
	Address:	  	 23 Old Kings Highway South
 Darien, Connecticut 06120

	  	JUPITERMEDIA CORPORATION
		  	Attn: President or General Counsel	  	By:	 	 /s/    Alan M. Meckler

		  		  	Name:	 	Alan M. Meckler
		  		  	Title:	 	Chairman and Chief Executive Officer
			
	Address:	  	 127 Public Square
 Cleveland, Ohio 44114
	  	KEYBANK NATIONAL ASSOCIATION,
   as Depository Bank

		  	Attn: Institutional Bank	  		 	
		  		  	By:	 	 /s/    Jeff Kalinowsky

		  		  		 	 Jeff Kalinowsky
 Senior Vice
President

			
	Address:	  	 127 Public Square
 Cleveland, Ohio 44114
	  	KEYBANK NATIONAL ASSOCIATION,
   as Secured Party

		  	Attn: Institutional Bank	  		 	
		  		  	By:	 	 /s/    Jeff Kalinowsky

		  		  		 	 Jeff Kalinowsky
 Senior Vice
President

 Signature Page to 
 Blocked Account Pledge and Control Agreement

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