Document:

Offer Letter dated January 26, 2004

 Exhibit 10.23 
  
 [CLARIA LETTERHEAD] 
  
 January 26, 2004 
  
 Richard Mora 
  
 Dear Richard: 
  
 On behalf of Claria Corporation (the “Company”), we are
delighted to extend an offer to you to join the Company as Senior Vice President, Chief Financial Officer. The members of the Company’s management team are all very impressed with your credentials and we look forward to your future success in
this position. The terms of your new position with the Company are as set forth below: 
  
 1.    Position.    As Senior Vice President, Chief Financial Officer, you will work out of the Company’s headquarters in Redwood City, CA, reporting to the
President and CEO, Jeff McFadden. 
  
 2.    Start Date.    Subject to any conditions imposed by this letter agreement, you will commence your position with the company at a mutually agreed upon date but not later than
February 10, 2004. 
  
 3.    Proof of
Right to Work.    For purposes of Federal Immigration Law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment in the United States. Such documentation must
be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated. 
  
 4.    Compensation. 
  
 a.    Base Salary.    You will be paid a bi-weekly salary of $7,692.31 or $200,000 on an
annualized basis. Your salary will be payable bi-weekly pursuant to the Company’s regular payroll policy. 
  
 b.    Bonus.    You will participate in the executive management bonus program. Your base annual
incentive bonus target is $100,000. You have the opportunity to earn more or less than the target bonus based on the attainment of executive management team goals and individual goals as determined by the Company’s Board of Directors and
President. 
  
 c.    Stock
Options.    In connection with the commencement of your employment, the Company will recommend that the Board of Directors grant you an option to purchase 500,000 shares of the Company’s Common Stock
(“Shares”) with an exercise price equal to the fair market value on the date of the grant. The grant will vest according to the Company’s standard vesting schedule (25% on the first anniversary of the vesting commencement date, which
corresponds to your employment start date, with the balance vesting in equal monthly installments over the subsequent three years). In addition, in a separate agreement, the Company will provide you with certain acceleration of vesting benefits in
conjunction with change of control. 

 Page 2 of 3 
  

 5.    Benefits.    You will be entitled to
participate in the Company’s benefits plans. You will also be entitled to the Company’s vacation program, which is currently fifteen days vacation and ten paid holidays annually. 
  
 6.    Indemnity.    The
Company maintains Directors’ and Officers’ Insurance. In addition, the Company’s bylaws permit it to indemnify its officers and directors to the fullest extent permitted under the Delaware General Corporation Law and to enter into
indemnification contracts with its officers and directors. If the Board of Directors determines that it is in the best interests of the Company to enter into indemnification contracts with any of its offers or directors, as Chief Financial Officer,
you will be entitled to such indemnification and the Company will enter into such an indemnification contract with you. 
  
 7.    Responsibilities.    You agree, to the best of your ability and experience, that you will at
all times loyally and conscientiously perform all of the duties and obligations required of and from you pursuant to the express and implicit terms hereof, and to the reasonable satisfaction of the Company. During the term of your employment, you
further agree that you will devote all of your business time and attention to the business of the Company. The Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice. You will not
render commercial or professional services of any nature to any person or organization, whether or not for compensation, that materially affects your ability to carry out your responsibilities as an employee of the Company, without the prior written
consent of an officer of the Company, and you will not directly or indirectly engage or participate in any business that is competitive in any manner with the business of the Company. Nothing in this letter agreement will prevent you from accepting
speaking or presentation engagements in exchange for honoraria, or from serving on boards of charitable organizations, or from owning no more than one percent (1%) of the outstanding equity securities of a corporation whose stock is listed on a
national stock exchange. 
  
 8.    Confidential Information and Invention Assignment Agreement.    Your acceptance of this offer and commencement of employment with the Company is contingent upon the execution and
return to an officer of the Company, of the Company’s Confidential Information and Invention Assignment Agreement, a copy of which is enclosed for your review and execution (the “Confidentiality Agreement”), prior to or on your
Start Date. 
  
 9.    Confidentiality of
Terms.    You agree to follow the Company’s policy that employees must not disclose, either directly or indirectly, any information, including any of the terms of this agreement, regarding salary, bonuses, or stock
purchase or option allocations to any person, including other employees of the Company; provided, however, that you may discuss such terms with members of your immediate family and any legal, tax or accounting specialists who provide you with
individual legal, tax or accounting advice. 
  
 10.    At-Will Employment.    Your employment with the Company will be on an “at will” basis, meaning that either you or the Company may terminate your employment at any time
for any reason or no reason, without further obligation or liability except as defined in paragraph 4.B of this letter. 
  

 -2- 

 Page 3 of 3 
  

 We are all delighted to be able to extend you this offer and look forward to working with you. To
indicate your acceptance of the Company’s offer, please sign and date this letter in the space provided below and return it to us, along with a signed and dated copy of the Confidentiality Agreement. This letter, together with the
Confidentiality Agreement, set forth the terms of your employment with the Company and supersede any prior representations or agreements, whether written or oral. This letter may not be modified or amended except by a written agreement, signed by
the Company and by you. 
  

			
	 Very truly yours,

	
	 Claria Corporation

		
	 By:
	 	 /s/    Jeff McFadden

	 	 	 Jeffrey A. McFadden

	 	 	 President & CEO

  

	
	 ACCEPTED AND AGREED:

	
	 Richard Mora

	
	 /s/ Richard Mora

	 Signature

	
	 1/27/04

	 Date

	
	 1/27/04

	 Start Date

	
	 Start Date Accepted

	
	 /s/ RM

	 Employee Initial

	
	 /s/ JM

	 Company Initial

  

	Enclosure:	Confidential Information and Invention Assignment Agreement 

 Key Employee Retention Agreement 
  

 -3-Key Employee Retention Agreement dated January 27, 2004

 Exhibit 10.24 
  
 CLARIA CORPORATION 
  
 KEY EMPLOYEE RETENTION AGREEMENT 
  
 This Key Employee Retention Agreement (the “Agreement”) is made and entered into by and between Richard Mora (the
“Employee”) and Claria Corporation, a Delaware corporation (the “Company”), effective as of [employee start date]. 
  
 RECITALS 
  
 A. It is expected that the Company from time to time will consider the possibility of an acquisition by another company or other change of control. The
Board of Directors of the Company (the “Board”) recognizes that such consideration can be a distraction to the Employee and can cause the Employee to consider alternative employment opportunities. The Board has determined that it is
in the best interests of the Company and its stockholders to assure that the Company will have the continued dedication and objectivity of the Employee, notwithstanding the possibility, threat or occurrence of a Change of Control (as defined in
Section 5 below) of the Company. 
  
 B. The Board believes that it
is in the best interests of the Company and its stockholders to provide the Employee with an incentive to continue his or her employment and to motivate the Employee to maximize the value of the Company upon Change of Control for the benefit of its
stockholders. 
  
 C. The Board believes that it is imperative to
provide the Employee with certain benefits upon a Change of Control that provide the Employee with enhanced financial security and incentive and encouragement to the Employee to remain with the Company notwithstanding the possibility of a Change of
Control. 
  
 D. Certain capitalized terms used in the Agreement
are defined in Section 5 below. 
  
 The parties hereto agree as
follows: 
  
 1. TERM OF AGREEMENT. This Agreement shall
terminate upon the earlier of: (a) the termination of Employee’s employment for any reason prior to, and not in connection with, a Change of Control, or (b) the date that all obligations of the parties hereto with respect to this Agreement have
been satisfied. 
  
 2. AT-WILL EMPLOYMENT. The Company and
the Employee acknowledge that the Employee’s employment is and shall continue to be at-will, as defined under applicable law. If the Employee’s employment terminates for any reason prior to, and not in connection with, a Change of Control,
the Employee shall not be entitled to the benefits provided by this Agreement, or any other benefits unless otherwise available in accordance with the Company’s established employee plans and practices or pursuant to other agreements with the
Company. 

 3. ACCELERATION BENEFITS UPON A CHANGE IN CONTROL. In the event that the Company undergoes a
Change of Control, and the Employee’s employment with the Company is terminated (an “Involuntary Termination”) by the Company or the successor corporation without Cause or by the Employee as the result of a Constructive
Termination by the Company or the successor corporation, then, subject to the limitations in this Section 3 and Section 4 below, the vesting of 100% of Employee’s then unvested shares of the Company’s common stock shall automatically be
accelerated so as to become vested as of the effective date of the Involuntary Termination or Constructive Termination. 
  
 4. DEFINITION OF TERMS. The following terms referred to in this Agreement shall have the following meanings: 
  
 (a) Change of Control. “Change of
Control” shall mean a sale of all or substantially all of the Company’s assets, or a merger, consolidation or other capital reorganization of the Company with or into another corporation; provided however that a merger, consolidation
or other capital reorganization in which the holders of more than 50% of the shares of capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding or by being
converted into voting securities of the surviving entity) more than 50% of the total voting power represented by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction shall not constitute a
Change in Control. 
  
 (b) Cause.
“Cause” for Employee’s termination shall mean the good faith judgment of the Company’s Board of Directors, that the undersigned has engaged in or committed any of the following: (i) gross negligence or willful
misconduct in the performance of his duties to the Company where such gross negligence or willful misconduct has resulted or is likely to result in substantial and material damage to the Company or its subsidiaries, (ii) repeated unexplained or
unjustified absence from the Company, (iii) a material and willful violation of any federal or state law, (iv) commission of any act of fraud with respect to the Company, (v) breach of any confidentiality obligation to the Company, whether
determined by agreement or by applicable law; or (vi) conviction of a felony or a crime involving moral turpitude causing material harm to the standing and reputation of the Company, in each case as determined in good faith by the Board of Directors
of the Company. 
  
 (c) Constructive
Termination. “Constructive Termination” shall be deemed to occur if (i) the employee is not given a bona fide offer to become the Chief Financial Officer of the successor corporation within 90 days after the completion of the
transaction; and (ii) within the 30-day period immediately following the foregoing, Employee elects to terminate his or her employment voluntarily; provided however that such termination shall not be effective until six months following the
completion of the transaction or such earlier date as is acceptable to acquiring company. 

 5. SUCCESSORS. 
  
 (a) Company’s Successors. Any successor to the Company (whether direct or indirect and whether
by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the obligations under this Agreement and agree expressly to perform the obligations under this
Agreement in the same manner and to the same extent as the Company would be required to perform such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the
Company’s business and/or assets which executes and delivers the assumption agreement described in this Section 6(a) or which becomes bound by the terms of this Agreement by operation of law. 
  
 (b) Employee’s Successors. The terms of this
Agreement and all rights of the Employee hereunder shall inure to the benefit of, and be enforceable by, the Employee’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

  
 6. NOTICE. Notices and all other communications
contemplated by this Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or three (3) days after being mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the
case of the Employee, mailed notices shall be addressed to him or her at the home address which he or she most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate
headquarters, and all notices shall be directed to the attention of its Secretary. 
  
 7. MISCELLANEOUS PROVISIONS. 
  
 (a) Waiver. No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Employee and by an authorized officer of
the Company (other than the Employee). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same
condition or provision at another time. 
  
 (b)
Whole Agreement. This Agreement represents the entire agreement between the Employee and the Company with respect to the matters set forth herein. No agreements, representations or understandings (whether oral or written and whether express or
implied) which are not expressly set forth in this Agreement have been made or entered into by either party with respect to the subject matter hereof. 

 (c) Choice of Law. The validity, interpretation, construction and performance of
this Agreement shall be governed by the laws of the State of California as applied to agreements entered into and performed within California solely by residents of that state. 
  
 (d) Severability. The invalidity or unenforceability of any provision or provisions of this Agreement
shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 
  
 (e) Legal Fees and Expenses. The parties shall each bear their own expenses, legal fees, and other fees incurred in connection with
this Agreement. 
  
 (f) Withholding. All
payments made pursuant to this Agreement will be subject to withholding of applicable income and employment taxes. 
  
 (g) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of
which together will constitute one and the same instrument. 
  
 IN
WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the date set forth above. 
  

									
	 COMPANY:
	 	 	 	 CLARIA CORPORATION

					
	 	 	 	 	 	 	By:	 	/s/ Jeff McFadden
	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	    Jeff McFadden, President/CEO
					
	 	 	 	 	 	 	Date:	 	1/27/04
	 	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	 
				
	EMPLOYEE:	 	 	 	Signature:	 	/s/ Richard Mora
	 	 	 	 	 	 	 	

	 	 	 	 	 	 	 	 	    Richard Mora
					
	 	 	 	 	 	 	Date:	 	1/27/04

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