Document:

Extension, dated March 31, 2009 of Waiver dated November 21, 2008

 Exhibit 4.3 
 May 11, 2009 
 PERSONAL & CONFIDENTIAL 
 Banks.com, Inc. 
 222 Kearny Street 
 San Francisco, CA 94108 
 Attn: Daniel M. O’Donnell, President 
  

	 	Re:	Extension; Waiver of Financial Covenant Defaults; Additional Principal Payments. 

 Ladies and Gentlemen: 
 Reference is made to that certain letter agreement dated November 21, 2008, as
amended on November 25, 2008 (the “Waiver Letter”), among Banks.com, Inc. (fka Intersearch Group, Inc. and referred to as the “Company”), CapitalSouth Partners Fund I Limited Partnership (“CapitalSouth I”),
CapitalSouth Partners Fund II Limited Partnership (“CapitalSouth II”) and Harbert Mezzanine Partners II SBIC, L.P. (“Harbert” and, together with CapitalSouth I, CapitalSouth II, collectively the
“Lenders”). Capitalized terms used herein without definition shall have the meaning given to them in the Investment Agreement (as defined below) and the Waiver Letter. For purposes of this letter, the Company and the Lenders may
be referred to collectively as the “Parties.” 
 Pursuant to the terms and conditions contained in the Waiver Letter, the Lenders
agreed to waive certain Specified Events of Default as defined by that certain Investment Agreement dated July 21, 2006, as amended (the “Investment Agreement”) by and between the Parties. By its stated terms, the Waiver Letter
expired on April 1, 2009. Prior to the expiration, the Parties agreed to extend the Waiver Period to April 30, 2009, and subsequently, the Parties agreed to extend the Waiver Period through 5:00 P.M EST on May 8, 2009.

 The Company agrees and acknowledges that as of May 11, 2009, it is out of compliance with the covenants under the Investment
Agreement that were the basis for the Specified Events of Default. Accordingly, subject to the terms and conditions of this letter agreement, that it will extend the March 31, 2009 “Specified Period” as set forth in the
Waiver Letter through June 29, 2009.
 It is understood (and by executing this letter in the space indicated below, the Company
acknowledges) that the foregoing extension relates only to the period beginning March 31, 2009 and ending June 29, 2009 and shall expire as of June 29, 2009 and shall not apply to any breach of any covenant, warranty or other
undertaking of the Company under the Investment Agreement other than the 

 
Specified Events of Default for the Specified Periods as defined in the Waiver Letter. The Company further acknowledges that, except as expressly
provided above, each and every term and condition of the Investment Agreement and each Investment Document remains unchanged and in full force and effect. Accordingly, any breach of any covenant, warranty or undertaking of the Company under the
Investment Agreement (other than in respect of the Specified Events of Default for the Specified Periods) shall constitute an Event of Default entitling the Lenders to exercise any and all remedies under the Investment Documents. 
 As an inducement to obtain the extension provided for herein, the Company agrees to make the
following additional principal payments to the Lenders as follows: (i) on or prior to May 15, 2009, one (1) additional Principal Payment to the Lenders in the total amount of One Hundred Nine Thousand Three Hundred and Seventy Five
Dollars and  00/100 Cents ($109, 375), (ii) on or prior to June 15, 2009, one (1) additional Principal Payment to
the Lenders in the total amount of One Hundred Nine Thousand Three Hundred and Seventy Five Dollars and  00/100 Cents ($109,
375), and (iii) on or prior to September 30, 2009, one (1) additional principal payment of One Hundred Forty Five Thousand Eight Hundred and Thirty Three Dollars and  00/100 Cents ($145,833.00). In addition, the Company represents and warrants to the Lenders that, after giving effect to the Extension provided for herein, (i) each of
the representations and warranties of the Borrower contained in the Investment Agreement and in the other Investment Documents is true and correct on and as of the date hereof with the same effect as if made on and as of the date hereof (except to
the extent any such representation or warranty is expressly stated to have been made as of a specified date, in which case such representation or warranty is true and correct as of such date), and (ii) no Default or Event of Default has
occurred and is continuing. 
 The Lenders understand that the Company is negotiating with Silicon Valley Bank with
respect to the establishment of a new senior credit facility. As an additional condition to the effectiveness of this Waiver, the Company agrees (by countersigning in the space provided below) that the terms of any such facility shall be subject to
the prior written approval of the Lenders, and that any failure by the Company to obtain such consent prior to obtaining such facility shall constitute an additional Event of Default. 
 This letter may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed and delivered
shall be an original, but all of which shall together constitute one and the same instrument. 
 If you are in agreement with the terms of
this letter, please indicate your acceptance by signing below. 
 [Signatures on Next Pages] 

					
	Very truly yours,
	
	CAPITALSOUTH PARTNERS FUND I LIMITED PARTNERSHIP
		
	By:	 	CapitalSouth Partners, LLC, its General Partner
			
		 	By:	 	 /s/ Joseph B. Alala

		 		 	Joseph B. Alala, III, President and Manager
	
	CAPITALSOUTH PARTNERS FUND II LIMITED PARTNERSHIP
		
	By:	 	CapitalSouth Partners F-II, LLC, its General Partner
			
		 	By:	 	 /s/ Joseph B. Alala

		 		 	Joseph B. Alala, III, President and Manager

							
	HARBERT MEZZANINE PARTNERS II SBIC, L.P.
		
	By:	 	HMP II SBIC GP, LLC
	Its:	 	General Partner
			
		 	By:	 	Harbert Mezzanine Partners II GP, LLC
		 	Its:	 	Manager
				
		 		 	By:	 	Harbert Mezzanine Manager II, Inc.
		 		 	Its:	 	Sole Manager
				
		 		 	By: 	 	 /s/ J. Pryor Smartt

		 		 	Name:	 	 J. Pryor Smartt

		 		 	Title: 	 	 Director of Investments

 AGREED TO, ACCEPTED AND ACKNOWLEDGED 
  

			
	BANKS.COM, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	President

 The undersigned hereby unconditionally consent to the foregoing waiver, acknowledge that the liability of the
undersigned under the Guaranty dated July 21, 2006 and executed by the undersigned in connection with the Investment Agreement shall not be limited, diminished or otherwise affected by reason of the foregoing waiver, and confirm that such
Guaranty remains in full force and effect. 
  

			
	WALNUT VENTURES, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	President
	
	INTERSEARCH CORPORATE SERVICES, INC.
		
	By:	 	 /s/ Kimberly L. O’Donnell

	Name:	 	Kimberly L. O’Donnell
	Title:	 	President
	
	LA JOLLA INTERNET PROPERTIES, INC.
		
	By:	 	 /s/ Mark Schwerin

	Name:	 	Mark Schwerin
	Title:	 	President
	
	INTERNET REVENUE SERVICES, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	President

			
	OVERSEAS INTERNET PROPERTIES, INC.
		
	By:	 	 /s/ Kimberly L. O’Donnell

	Name:	 	Kimberly L. O’Donnell
	Title:	 	President
	
	DOTTED VENTURES, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	President
	
	MYSTOCKFUND SECURITIES, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	President

 March 31, 2009 
 PERSONAL & CONFIDENTIAL 
 Banks.com, Inc. 
 222 Kearny Street 
 San Francisco, CA 94108 
 Attn: Daniel M. O’Donnell, President 
 Re: Extension; Waiver of Financial Covenant Defaults; letter agreement dated
November 21, 2008, as amended on November 25, 2008. 
 Ladies and Gentlemen: 
 Reference is made to that certain letter agreement dated November 21, 2008, as amended on November 25, 2008 (the “Waiver Letter”),
among Banks.com, Inc. (fka Intersearch Group, Inc. and referred to as the “Company”), CapitalSouth Partners Fund I Limited Partnership (“CapitalSouth I”), CapitalSouth Partners Fund II Limited Partnership (“CapitalSouth
II”) and Harbert Mezzanine Partners II SBIC, L.P. (“Harbert” and, together with CapitalSouth I, CapitalSouth II, collectively the “Lenders”). Capitalized terms used herein without definition shall have the meaning given
to them in the Investment Agreement (as defined below) and the Waiver Letter. For purposes of this letter, the Company and the Lenders may be referred to collectively as the “Parties.” 
 Pursuant to the terms and conditions contained in the Waiver Letter, the Lenders agreed to waive certain Specified Events of Default as defined by that
certain Investment Agreement dated July 21, 2006, as amended (the “Investment Agreement”) by and between the Parties,. The Waiver Letter will expire on April 1, 2009.
 The Company agrees and acknowledges that as of April 1, 2009, it will continue to be out of compliance with the covenants under the Investment
Agreement that were the basis for the Specified Events of Default. Accordingly, the Parties have agreed that the Lenders will extend the March 31, 2009 “Specified Period” as set forth in the Waiver Letter to April 30,
2009.
 It is understood (and by executing this letter in the space indicated below, the Company acknowledges) that the foregoing extension
relates only to the period beginning March 31, 2009 and ending April 30, 2009 and shall expire as of May 1, 2009 and shall not apply to any breach of any covenant, warranty or other undertaking of the Company under the Investment
Agreement other than the Specified Events of Default for the Specified Periods as defined in the Waiver Letter. The Company 

 
further acknowledges that, except as expressly provided above, each and every term and condition of the Investment Agreement and each Investment Document
remains unchanged and in full force and effect. Accordingly, any breach of any covenant, warranty or undertaking of the Company under the Investment Agreement (other than in respect of the Specified Events of Default for the Specified Periods)
shall constitute an Event of Default entitling the Lenders to exercise any and all remedies under the Investment Documents. 
 As an
inducement to obtain the extension provided for herein, the Company represents and warrants to the Lenders that, after giving effect to the extension provided for herein, (i) each of the representations and warranties of the Borrower contained
in the Investment Agreement and in the other Investment Documents is true and correct on and as of the date hereof with the same effect as if made on and as of the date hereof (except to the extent any such representation or warranty is expressly
stated to have been made as of a specified date, in which case such representation or warranty is true and correct as of such date), and (ii) no Default or Event of Default has occurred and is continuing. 
 This letter may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed and delivered
shall be an original, but all of which shall together constitute one and the same instrument. 
 If you are in agreement with the terms of
this letter, please indicate your acceptance by signing below. 
  

							
	Very truly yours,
		
		 	CAPITALSOUTH PARTNERS FUND I LIMITED PARTNERSHIP
			
		 	By:	 	CapitalSouth Partners, LLC, its General Partner
				
		 		 	By:	 	 /s/ Joseph B. Alala

		 		 		 	Joseph B. Alala, III, President and Manager
		
		 	CAPITALSOUTH PARTNERS FUND II LIMITED PARTNERSHIP
			
		 	By:	 	CapitalSouth Partners F-II, LLC, its General Partner
				
		 		 	By:	 	 /s/ Joseph B. Alala

		 		 		 	Joseph B. Alala, III, President and Manager

							
	
	HARBERT MEZZANINE PARTNERS II SBIC, L.P.
		
	By:	 	HMP II SBIC GP, LLC
	Its:	 	General Partner
			
		 	By:	 	Harbert Mezzanine Partners II GP, LLC
		 	Its:	 	Manager
				
		 		 	By:	 	Harbert Mezzanine Manager II, Inc.
		 		 	Its:	 	Sole Manager
				
		 		 	By:	 	 /s/ J. Pryor Smartt

		 		 	Name:	 	 J. Pryor Smartt

		 		 	Title:	 	 Director of Investments

			
	
	AGREED TO, ACCEPTED AND ACKNOWLEDGED ON BEHALF OF ITSELF AND ITS SUBSIDIARIES:
	
	BANKS.COM, INC.
		
	By:	 	 /s/ Daniel M. O’Donnell

	Name:	 	Daniel M. O’Donnell
	Title:	 	PresidentForm of Restricted Stock and Non-Qualified Stock Option Grant Agreement

 Exhibit 10.1 
 Exhibit A 
  

					
	 BUILD-A-BEAR WORKSHOP, INC.
 RESTRICTED STOCK &
 NON-QUALIFIED STOCK OPTION
 AGREEMENT
	 	Date of Grant:	 	 March 17, 2009

	 	Employee:	 	  

	 	No. of Shares of Restricted Stock:	 	  

	 	No. of Shares Subject to Option:	 	  

		 	Exercise Price of Option:	 	 $

 This Agreement will certify that the employee named above (“Employee”) is awarded
the number of restricted shares of common stock, $0.01 par value per share (the “Common Stock”), of Build-A-Bear Workshop, Inc. (the “Company”) designated above (the
“Restricted Stock”), and an option to purchase the number of shares of Company Common Stock designated above (the “Option”), pursuant to the Build-A-Bear Workshop, Inc. 2004 Stock
Incentive Plan, as amended through the date hereof (the “Plan”), as of the date indicated above (the “Grant Date”) and subject to the terms, conditions and restrictions in the Plan and
those set forth below. Any capitalized, but undefined, term used in this Agreement shall have the meaning ascribed to it in the Plan. Employee’s electronic acceptance within 60 days on his/her personal Merrill Lynch account constitutes
Employee’s acceptance of this award and acknowledgement of Employee’s agreement to all the terms, conditions and restrictions contained in the Plan and this Agreement. If the Employee does not accept this award on his/her personal Merrill
Lynch account within 60 days of the Date of Grant, the Employer may revoke this grant. 
  

			
	BUILD-A-BEAR WORKSHOP, INC.
		
	By:	 	 

		 	Maxine Clark
		 	Chief Executive Bear

 Terms and Conditions 
 A. TERMS AND CONDITIONS APPLICABLE TO RESTRICTED STOCK 
 1. Terms of Restricted Stock Award. Pursuant to action of the Committee, the Company awards to the Employee the number of shares of Restricted
Stock set forth above. The Restricted Stock is nontransferable by the Employee during the period described below and is subject to the risk of forfeiture as described below. Prior to the time shares become transferable, the shares of Restricted
Stock shall bear a legend indicating their nontransferability, and, subject to the terms of this Agreement, if the Employee terminates service as an Employee of the Company prior to the time a restriction lapses, the Employee shall forfeit any
shares of Restricted Stock which are still subject to the restrictions at the time of termination of such service. 
 The restrictions on
transfer described in this Section A.1 shall lapse and be of no further force and effect as follows, if the Employee is still an employee of the Company on the respective annual anniversary, and has been continuously serving as such an employee of
the Company during such 12-month period ending on the annual anniversary: 
  

				
	 Date
	  	Percent of Grant for
which Restrictions
Lapse on Indicated
Date	 
	 Grant Date
	  	0	 
	 1st Anniversary of Grant
Date:
	  	25	%
	 2nd Anniversary of Grant
Date:
	  	25	%
	 3rd Anniversary of Grant
Date:
	  	25	%
	 4th Anniversary of Grant
Date:
	  	25	%

 Exhibit A 
  

 For avoidance of doubt, on the date ending forty-eight (48) months after the Grant Date, one
hundred percent (100%) of the shares of Restricted Stock shall be transferable by the Employee if the Employee is still an Employee, and has been continuously serving during such forty-eight (48) month period as such an employee of the
Company on such date. 
 Notwithstanding the foregoing, in the event of a Change of Control, all previously granted shares of Restricted
Stock not yet free of the restrictions of this Section A.1 shall become immediately free of such restrictions. 
 2. Death of the
Employee. In the event of the death of the Employee, all previously granted shares of Restricted Stock not yet free of the restrictions of Section A.1 shall become immediately free of such restrictions. 
 3. Cost of Restricted Stock. The purchase price of the shares of Restricted Stock shall be $0.00. 
 4. Rights as Stockholder. The Employee shall be entitled to all of the rights of a stockholder with respect to the shares of Restricted Stock
including the right to vote such shares and to receive dividends and other distributions payable with respect to such shares since the Grant Date. 
 5. Escrow of Share Certificates. Certificates for the Restricted Stock shall be issued in the Employee’s name and shall be held in escrow by the Company until all restrictions lapse or such shares are forfeited as provide
herein. A certificate or certificates representing the Restricted Stock as to which restrictions have lapsed shall be delivered to the Employee upon such lapse. 
 6. Government Regulations. Notwithstanding anything contained herein to the contrary, the Company’s obligation to issue or deliver certificates evidencing the Restricted Stock shall be subject to
all applicable laws, rules and regulations and to such approvals by any governmental agencies or national securities exchanges as may be required. 
 7. Withholding Taxes. The Company shall have the right to require the Employee to remit to the Company, or to withhold from other amounts payable to the Employee, as compensation or otherwise, an amount sufficient to satisfy
all federal, state and local withholding tax requirements. 
 B. TERMS AND CONDITIONS
APPLICABLE TO THE OPTION 
 1. Grant and Terms of Option. Pursuant to
action of the Committee, the Company grants to the Employee the Option to purchase the number of shares of Common Stock set forth above, for a period of ten (10) years from the Grant Date, at the exercise price set forth above; provided,
however, that the right to exercise such Option shall be, and is hereby, restricted as follows: 
 (a)(i) No shares may be
purchased prior to the first anniversary of the Grant Date; 
 (ii) At any time during the term of the Option granted hereby
on or after first anniversary of the Grant Date, the Employee may purchase up to 25% of the total number of shares to which the Option granted hereby relates; 
 (iii) At any time during the term of the Option granted hereby on or after the second anniversary of the Grant Date, the Employee may
purchase up to an additional 25% of the total number of shares to which the Option granted hereby relates; 
 (iv) At any time
during the term of the Option granted hereby on or after the third anniversary of the Grant Date, the Employee may purchase up to an additional 25% of the total number of shares to which the Option granted hereby relates; and 
 (v) At any time on or after the fourth anniversary of the Grant Date, the Employee may purchase up to an additional 25% of the total
number of shares to which the Option granted hereby relates; 

  

 2 

 Exhibit A 
  

 
so that on or after fifth anniversary of the Grant Date, during the term hereof, the Employee will have become entitled to purchase the entire number of
shares to which the Option granted hereby relates. 
 (b) Notwithstanding the foregoing, in the event of a Change of Control,
the Employee may purchase 100% of the total number of shares to which the Option granted hereby relates. 
 (c) In no event
may the Option granted hereby or any part thereof be exercised after the expiration of ten (10) years from the Date of Grant. 
 (d) The purchase price of the shares subject to the Option may be paid for (i) in cash, (ii) in the discretion of the Committee, by tender of shares of Common Stock already owned by the Employee, or (iii) in the discretion of
the Committee, by a combination of methods of payment specified in clauses (i) and (ii), all in accordance with the provisions of the Plan. Notwithstanding the preceding sentence, the Employee may request that the Committee agree that payment
in full of the option price need not accompany the written notice of exercise; provided that, the notice of exercise directs that the certificate or certificates for the shares of Common Stock for which the Option is exercised be delivered to a
licensed broker acceptable to the Committee as the agent for the Employee and, at the time such certificate or certificates are delivered, the broker tenders to the Committee cash (or cash equivalents acceptable to the Committee) equal to the option
price for the shares of Common Stock purchased pursuant to the exercise of the Option plus the amount (if any) of any withholding obligations on the part of the Company. Such request may be granted or denied in the sole discretion of the Committee.

 (e) No shares of Common Stock may be tendered in exercise of the Option granted hereby if such shares were acquired by the
Employee through the exercise of an Incentive Stock Option (within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended), unless (i) such shares have been held by the Employee for at least one year, and (ii) at
least two years have elapsed since such Incentive Stock Option was granted. 
 2. Termination of Employment. In the event of the
termination of employment of the Employee for any reason other than for cause, as shall be determined in the sole discretion of the Committee, the Option granted, to the extent it was eligible for exercise at the date of such termination of
employment: (i) shall be exercisable for up to thirty (30) days after the date of such termination; and (ii) may, subject to the Committee’s sole discretion and consent, be exercised at any time within three (3) months after
such termination, or for such longer period as the Committee may permit, but not after ten (10) years from the Date of Grant. 
 3.
Death of the Employee. In the event of the death of the Employee during the term of this Agreement and while he or she is employed by the Company (or a subsidiary) or within three (3) months after the termination of his or her employment
other than for cause, the Option granted hereby shall become fully vested (if not already fully vested) and may be exercised by a legatee or legatees of the Employee under his or her last will, or by his or her personal representatives or
distributees, at any time within a period of one (1) year after his or her death, but not after ten (10) years from the Date of Grant. 
 4. Shares Issued on Exercise of Option. It is the intention of the Company that on any exercise of the Option granted hereby it will transfer to the Employee shares of its authorized but unissued stock or transfer Treasury shares, or
utilize any combination of Treasury shares and authorized but unissued shares, to satisfy its obligations to deliver shares on any exercise hereof. 
 5. Option Not an Incentive Stock Option. It is intended that the Option granted hereby shall not be treated as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended. 
  

 3 

 Exhibit A 
  

 C. TERMS AND CONDITIONS APPLICABLE TO
ALL AWARDS 
 1. Adjustments Upon Changes in Capitalization or Corporate Acquisitions.
Notwithstanding any other provision in the Agreement, if there is any change in the Common Stock by reason of stock dividends, spin-offs, split ups, recapitalizations, mergers, consolidations, reorganizations, combinations or exchanges of shares,
the number of shares of Common Stock under this award of Restricted Stock not yet vested, and the price thereof, as applicable, shall be appropriately adjusted by the Committee. 
 2. No Right to Continued Service. Nothing in this Agreement shall be deemed to create any limitation or restriction on such rights as the Company
otherwise would have to terminate the service of the Employee. 
 3. Committee Administration. This award has been made pursuant to a
determination made by the Committee, and the Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of this Agreement, shall have plenary authority to
interpret any provision of this Agreement and to make any determinations necessary or advisable for the administration of this Agreement and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to the
Employee by the express terms hereof. 
 4. Grant Subject to Plan. This Restricted Stock and Option award is granted under and is
expressly subject to all the terms and provisions of the Plan, and the terms of the Plan are incorporated herein by reference. The Employee hereby acknowledges receipt of a copy of the Plan and agrees to be bound by all the terms and provisions
thereof. The Committee has been appointed by the Board of Directors and designated by it, as the Committee to make grants of restricted stock. 
 5. Governing Law. This Agreement shall be construed under the laws of the State of Delaware. 
  

 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]