Document:

AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT DATED DECEMBER 31, 2003

 Exhibit 10.49 
  
 CMG @VENTURES III, LLC 
  
 AMENDMENT TO 
 LIMITED LIABILITY COMPANY
AGREEMENT 
  
 THIS AMENDMENT, dated as of the 31st day of
December, 2003, to the Limited Liability Company Agreement of CMG@Ventures III, LLC (the “Company”), dated as of August 7, 1998 (as amended to date, the “Agreement”), is among CMG@Ventures Capital Corp., a Delaware corporation
(the “Capital Member”), and @Ventures Partners III, LLC, a Delaware limited liability company (the “Managing Member” and together with the Capital Member, the “Members”). Capitalized terms used herein, and not otherwise
defined herein, shall have the respective meanings ascribed thereto in the Agreement. 
  
 WHEREAS, the Capital Member and the Managing Member desire to extend the term of the Company through June 30, 2005; and 
  
 WHEREAS, in connection with such extension, the Capital Member and the Managing Member desire to modify certain provisions of the Agreement. 

 
 NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Members hereby agree as follows: 
  
 1. Effective Date of Amendment. This Amendment shall become effective on December 31, 2003 (such date, the “Amendment Effective Date”). 
  
 2. Election to Extend Term. Pursuant to and in accordance with Section. 8.1.4 of the Agreement, the Capital Member
and the Managing Member have elected to extend the term of the Company through June 30, 2005, and the Agreement is hereby amended to reflect such election. For purposes of the Agreement, the period from January 1, 2004 to June 30, 2005 is
hereinafter referred to as the “Extension Period.” 
  
 3. Management Fee During Extension Period. Section 4.4.2 of the Agreement is hereby amended to add, at the end thereof, the following language: 
  

“Notwithstanding anything to the contrary in this Agreement or the Management Contract, during and subsequent to the Extension
Period, no Management Fee shall be due or payable to the Management Company pursuant to Section 4.4.2 of this Agreement or Section 4 of the Management Contract. Section 4 of the Management Contract between the Company and the Management Company is
hereby deemed to be amended in the manner described herein, and the Management Company and the Company, and the Capital Member (by its signature below), hereby consent to such amendment.” 
  

 4. Amendment to Section 4.4.3. Section 4.4.3 of the Agreement is hereby amended by adding, at the
end thereof, the following sentence: 
  
 “Notwithstanding the foregoing, during the Extension Period, any amount received by the Managing Member, the Management Company and their respective affiliates which would otherwise be credited against the amount of the Management Fee
pursuant to this Section 4.4.3 shall instead be paid directly to the Company. The corresponding provisions of the Management Contract between the Company and the Management Company are hereby deemed to be amended in the manner described herein, and
the Management Company and the Company, and the Capital Member (by its signature below) hereby consent to such amendment.” 
  
 5. Amendment to Section 4.5. Section 4.5 of the Agreement is hereby amended by adding, at the end thereof, the following sentence: 
  
 “Notwithstanding the foregoing, if the term of the
Company ends, the Company shall not, after the date of any such termination, have a right to attend and/or participate in any meetings of the LP Advisory Board.” 
  
 6. Amendment to Section 9.3. Section 9.3 of the Agreement is hereby amended by adding at Line end thereof the
following paragraph: 
  
 “Notwithstanding
the foregoing, with respect to the Extension Period, the Managing Member shall be required to prepare and deliver to each Member only the following reports: (i) on or before August 15, 2004, an unaudited balance sheet as of June 30, 2004 and an
income statement for the Company for the six-month period then ended, accompanied by a report on any material developments in existing investments which occurred during such six-month period, (ii) on or before August 15, 2004, a statement showing
the balance in each Member’s Capital Account as of June 30, 2004 and a reconciliation, of such balance, (iii) on or before February 15, 2005, an unaudited balance sheet as of December 31, 2004 and an income statement for the Company for the
six-month period then ended, accompanied by a report on any material developments in existing investments which occurred during such six-month period, (iv) on or before February 15, 2005, a statement showing the balance in each Member’s Capital
Account as of December 31, 2004 and a reconciliation of such balance, (v) on or before August 15, 2005, an unaudited balance sheet as of June 30, 2005 and. an income statement for the Company for the six-month period then ended, accompanied by a
report on any material developments in existing investments which occurred during such six-month period, (vi) on or before August 15, 2005, a statement showing the balance in each Member’s Capital Account as of June 30, 2005 and a
reconciliation of such balance, (vii) on or before December 31, 2004, such other information, reports and forms as are necessary to assist each Member in the preparation of his federal, state and local tax returns for the year ending July 31, 2004,
(viii) on or before September 30, 2005, such other information, reports and forms as are necessary to assist each Member in the preparation of his federal, state and local tax returns for the year ending July 31, 2005, and (ix) on or before 

  

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September 30, 2005, such other information regarding existing investments and portfolio companies as any Member shall reasonably request.” 

 
 7. Consent to Amendment of Management Contract. The Capital Member,
the Managing Member and the Management Company, by their execution of this Amendment, hereby consent to the amendment of the Management Contract on the terms set forth herein, and the Management Contract is deemed amended hereby to the extent
provided herein. 
  
 8. Ratification. The Agreement is
amended by this Amendment only to the extent expressly provided in this Amendment, and in all other respects, the Agreement is hereby ratified and confirmed and shall remain in full force and effect. 
  
 9. Counterparts. This Amendment may be executed in one or more
counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. 
  
 10. Governing Law. This Amendment shall be construed and enforced in accordance with and governed by the laws of the State of Delaware. 

 
 [Signature pages follow.] 
  

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 IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.

  

									
	 MANAGING MEMBER:
	 	 	 	 CAPITAL MEMBER:

			
	 @VENTURES PARTNERS III, LLC
	 	 	 	 CMG@VENTURES CAPITAL CORP.

					
	 By:
	 	 /s/ Marc D. Poirier
	 	 	 	 By:
	 	 /s/ Thomas Oberdorf

	 Name:
	 	 Marc D. Poirier
	 	 	 	 Name:
	 	 Thomas Oberdorf

	 Title:
	 	 Managing Member
	 	 	 	 Title:
	 	 Treasurer and Chief Financial Officer

  
 The Management Company
and the Company hereby consent to the amendment to the Management Contract contemplated by Sections 3 and 4 of this Amendment, as of the date first written above. 
  

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

	 	 	 Authorized Member

	
	CMG @VENTURES III, LLC
		
	By	 	 @Ventures Partners III, LLC,
 Managing
Member

		
	 By
	 	 /s/ Marc D. Poirier

	 	 	 Authorized Managing Member

  

 - 4 -AMENDMENT NO. 6 TO AGREEMENT OF LIMITED PARTNERSHIP DATED NOVEMBER 10, 2003

 Exhibit 10.53 
  
 AMENDMENT NO. 6 TO THE 
 AGREEMENT OF LIMITED PARTNERSHIP OF 
 @VENTURES III, L.P. 
  
 This Amendment, dated as of November 10, 2003 (this “Amendment”), to the Agreement of Limited
Partnership dated as of August 7, 1998 (as amended by a certain Amendment No. 1 dated as of August 7, 1998, an Amendment dated as of October 1, 1999 (reflecting a transfer of a limited partnership interest) an Amendment dated as of December 31, 1999
(reflecting a transfer of a limited partnership interest), an Amendment dated as of September 30, 2001 (reflecting a transfer of a limited partnership interest), and a certain Amendment No. 5 dated as of June 7, 2002, the
“Agreement”) of @Ventures III, L.P., a Delaware limited partnership (the “Partnership”), is by and among @Ventures Partners III, LLC, the general partner of the Partnership (the “General Partner”),
and the Limited Partners of the Partnership signing this Amendment below. Capitalized terms used herein but not otherwise defined herein shall have the respective meanings ascribed to them in the Agreement. 
  
 WHEREAS, the Limited Partners and the General Partner desire to extend the
term of the Partnership, and to modify certain provisions of the Agreement in connection with such extension, as more fully set forth herein. 
  
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned Partners agree as
follows: 
  
 1. Effective Date of Amendment. This Amendment
shall become effective on the date on which this Amendment has been signed and delivered by or on behalf of the General Partner and at least Two-Thirds in Interest of the Limited Partners (such date, the “Amendment Effective Date”).

  
 2. Election to Extend Term. Pursuant to and in
accordance with Section 11.1(1)(x) of the Agreement, the General Partner and Two-Thirds in Interest of the Limited Partners have elected to extend the term of the Partnership through June 30, 2004, and the Agreement is hereby amended to reflect such
election. For purposes of the Agreement, the period from January 1, 2004 to June 30, 2004 is hereinafter referred to as the “Extension Period.” 
  
 3. Management Fee During Extension Period. Pursuant to and in accordance with Section 6.5C of the Agreement, the Management Company and Two-Thirds
in Interest of the Limited Partners have agreed that the Management Fee during the Extension Period shall equal $57,607, which amount shall be paid in a single nonrefundable installment on or about January 1, 2004 out of funds currently held by the
Partnership. The Agreement is hereby amended to reflect such agreement. The Management Company, by signing this amendment below, hereby consents to and agrees 

  

 
to provide management services to the Partnership pursuant to the Management Contract for such Management Fee during the Extension Period. 
  
 4. Amendment to Section 6.6A. Section 6.6A of the Agreement is hereby
amended to add, at the end thereof, the following sentence: 
  
 “Notwithstanding the foregoing, if the term of the Foreign Fund ends, the Foreign Fund shall not, after the date of any such termination, have a right to designate a member of the LP Advisory Board, and in any such event, the LP
Advisory Board shall consist solely of the three Domestic Designees, and no decision of the LP Advisory Board shall be binding upon the Foreign Fund or its partners.” 
  
 5. Amendment to Section 6.6B. Section 6.6B of the Agreement is hereby amended to add, at the end thereof, the
following sentence: 
  
 “Notwithstanding the foregoing, if
the term of CMG @Ventures III, LLC ends, CMG @Ventures III, LLC shall not, after the date of any such termination, have a right to attend and/or participate in any meetings of the LP Advisory Board.” 
  
 6. Amendment to Section 7.1. Section 7.1 of the Agreement is hereby
amended by adding at the end thereof the following sentence: 
  
 “Until June 30, 2004, Mills agrees to use his best efforts in furtherance of the purposes and objectives of the Partnership, to devote such of his time as shall be necessary to the business of the Partnership, and to devote
substantially all of his business time to the affairs of the Partnership, the Foreign Fund, the CMGI Funds, the Management Company, @Ventures Expansion Management LLC, @Ventures Expansion Fund, L.P., @Ventures Foreign Expansion Fund, L.P., CMGI
@Ventures IV, LLC and other future @Ventures investment entities of which CMGI is the sole investor.” 
  
 7. Amendment to Section 7.4. Section 7.4 of the Agreement is hereby amended by adding at the end thereof the following sentence: 
  
 “Notwithstanding the foregoing, or any other provision of this
Agreement to the contrary, with respect to periods after December 31, 2003, the provisions of this Section 7.4 shall be of no further force or effect.” 
  
 8. Amendment to Section 7.5. Section 7.5 of the Agreement is hereby amended by adding at the end thereof the following sentence: 
  
 “Notwithstanding the foregoing, or any other provision of this
Agreement to the contrary, with respect to periods after December 31, 2003, the provisions of this Section 7.5 shall be of no further force or effect.” 
  

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 9. Amendment to Section 7.6. Section 7.6 of the Agreement is hereby amended by adding at the end
thereof the following sentence: 
  
 “Notwithstanding the
foregoing, or any other provision of this Agreement to the contrary, with respect to periods after December 31, 2003, the provisions of this Section 7.6 shall be of no further force or effect.” 
  
 10. Amendment to Section 7.7(a). Section 7.7(a) of the Agreement is
hereby amended by adding at the end thereof the following sentence: 
  
 “Notwithstanding the foregoing, or any other provision of this Agreement to the contrary, with respect to periods after December 31, 2003, the provisions of this Section 7.7(a) shall be of no further force or effect.” 

 
 11. Amendment to Section 7.7(b). Section 7.7(b) of the
Agreement is hereby amended by adding at the end thereof the following sentence: 
  
 “Notwithstanding the foregoing, or any other provision of this Agreement to the contrary, with respect to periods after December 31, 2003, for purposes of this Section 7.7(b), no distribution of securities by the
Partnership or any Other Participating Fund to its respective partners or members in connection with the termination, dissolution or liquidation of the Partnership or such Other Participating Fund shall constitute a sale, exchange, transfer or other
disposition and any such distribution shall not be subject to the provisions of this Section 7.7(b).” 
  
 12. Amendment to Section 7.7(c). Section 7.7(c) of the Agreement is hereby amended by adding at the end thereof the following sentence: 

 
 “Notwithstanding the foregoing, or any other provision of this
Agreement to the contrary, with respect to periods after December 31, 2003, the provisions of this Section 7.7(c) shall be of no further force or effect.” 
  

13. Amendment to Section 10.3. Section 10.3 of the Agreement is hereby amended by adding at the end thereof the following paragraph: 

 
 “Notwithstanding the foregoing, with respect to the Extension
Period, the General Partner shall be required to prepare and deliver to each Partner only the following reports: (i) on or before August 15, 2004, an unaudited balance sheet as of June 30, 2004 and an income statement for the Partnership for the
six-month period then ended, accompanied by a report on any material developments in existing investments which occurred during such six-month period, (ii) on or before August 15, 2004, a statement showing the balance in such Partner’s Capital
Account as of June 30, 2004 and a reconciliation of such balance, (iii) on or before August 15, 2004, a statement showing the amount of UBTI, if any, generated by the Partnership during such six-month period, and (iv) on or before September 30,
2004, such other information, reports and forms as are necessary to assist each Partner in the preparation of his federal, state and local tax returns. In addition, after the end of the partial year ending on June 30, 2004, the General Partner shall
cause an audit to be made by an independent public accountant of nationally recognized status of the financial statements of the Partnership for that 

  

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partial year. Such audit shall be certified and a copy thereof shall be delivered to each Partner on or before September 30, 2004.” 
  
 14. Amendment to Section 10.4. Section 10.4 of the Agreement is hereby
amended by adding at the end thereof the following sentence: 
  
 “Notwithstanding the foregoing, or any other provision of this Agreement, with respect to periods after December 31, 2003, the General Partner shall not be obligated to hold annual meetings of the Limited Partners.” 
  
 15. Consent to Amendment of Management Contract. The Limited Partners
and the Management Company hereby consent to the amendment of the Management Contract on the terms set forth herein, and the Management Contract is deemed amended hereby to the extent provided herein. 
  
 16. Ratification. The Agreement is to be deemed amended by this
Amendment only to the extent expressly provided in this Amendment, and in all other respects, the Agreement is hereby ratified and confirmed and shall remain in full force and effect. 
  
 17. Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed an
original and all of which together shall constitute one and the same instrument. 
  
 18. Governing Law. This Amendment shall be construed and enforced in accordance with and governed by the laws of Massachusetts. 
  
 [Signature pages follow.] 
  

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

			
	 GENERAL PARTNER:

	
	 @VENTURES PARTNERS III, LLC

		
	By:	 	 /s/ Marc D. Poirier

	 	 	 Authorized Managing Member

	
	 LIMITED PARTNERS:

	
	 
	 Limited Partner Name (Please print or type)

	
	 
	 Limited Partner Signature

	
	 
	 Title (If applicable)

	
	 ______________________________________, 2003

	 Date (Please complete)

  
 The undersigned
is signing this Amendment, effective as of the Amendment Effective Date, for the limited purpose of reflecting its Agreement to the matters specified in Sections 3 and 15 of this Amendment, including without limitation, the amount of Management Fees
payable by the Partnership during the Extension Period, and agrees that the Management Contract is hereby amended to the extent necessary to reflect such Management Fee. 
  

			
	 @VENTURES MANAGEMENT, LLC

		
	By:	 	 /s/ Marc D. Poirier

	 	 	 Authorized Member

  

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