Document:

Exhibit
4.03

 

 

 

AMENDED
AND RESTATED

 

REGISTRATION
RIGHTS AGREEMENT

 

By
and Among

 

IGN
Entertainment Inc.,

 

The
Management Stockholders

 

and

 

The
Investors

as
defined herein

 

 

Dated
as of March 3, 2004

 

 

 

 

TABLE
OF CONTENTS

 

	
  1.

  	
  Certain
  Definitions

  	
   

  
	
   

  	
   

  	
   

  
	
  2.

  	
  Demand
  Registration.

  	
   

  
	
   

  	
   

  	
   

  
	
  3.

  	
  Form S-3

  	
   

  
	
   

  	
   

  	
   

  
	
  4.

  	
  Piggyback
  Registration

  	
   

  
	
   

  	
   

  	
   

  
	
  5.

  	
  Registration
  Procedures

  	
   

  
	
   

  	
   

  	
   

  
	
  6.

  	
  Expenses.

  	
   

  
	
   

  	
   

  	
   

  
	
  7.

  	
  Indemnification.

  	
   

  
	
   

  	
   

  	
   

  
	
  8.

  	
  Compliance
  with Rule 144.

  	
   

  
	
   

  	
   

  	
   

  
	
  9.

  	
  Rule
  144A Information

  	
   

  
	
   

  	
   

  	
   

  
	
  10.

  	
  Amendments

  	
   

  
	
   

  	
   

  	
   

  
	
  11.

  	
  Postponement

  	
   

  
	
   

  	
   

  	
   

  
	
  12.

  	
  Market
  Stand-Off

  	
   

  
	
   

  	
   

  	
   

  
	
  13.

  	
  Transferability
  of Registration Rights

  	
   

  
	
   

  	
   

  	
   

  
	
  14.

  	
  Rights Which May Be
  Granted to Subsequent Stockholders

  	
   

  
	
   

  	
   

  	
   

  
	
  15.

  	
  Damages

  	
   

  
	
   

  	
   

  	
   

  
	
  16.

  	
  Miscellaneous.

  	
   

  

 

i

 

AMENDED AND
RESTATED

REGISTRATION RIGHTS AGREEMENT

 

 

THIS AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT (the “Agreement”) is dated as of this 3rd day of March, 2004, by and among IGN
Entertainment, Inc., a Delaware corporation formerly known as GHP Acquisition
Corp. (the “Company”), certain persons identified on the signature pages hereto
as Investors (the “Investors,” and each individually, an “Investor”) and the
persons identified on the signature pages hereto as Management Stockholders
(collectively, the “Management Stockholders,” and each individually, a
“Management Stockholder”).  The Management Stockholders and the Investors are
sometimes referred to herein collectively as the “Stockholders,” and each
individually as a “Stockholder.”

 

WHEREAS, Great Hill
Equity Partners II L.P., Great Hill Affiliate Partners II L.P. (collectively,
“Great Hill”), and the Management Stockholders hold shares of the Company’s
Series A Redeemable Preferred Stock, par value $0.01 per share (the “Series A
Preferred Stock”) and shares of the Company’s Common Stock, par value $0.01 per
share (the “Common Stock”) issuable upon conversion thereof and possess certain
registration rights provided pursuant to a Registration Rights Agreement
entered into with the Company, dated as of August 28, 2003 (the “Prior
Agreement”);

 

WHEREAS, Liberty Mutual
Insurance Company (“Liberty Mutual”) purchased, and Great Hill sold,
transferred and assigned to Liberty Mutual, certain shares of Series A
Preferred Stock and Common Stock and in connection with such sale, Liberty
Mutual obtained the rights of an Investor holding such shares under the Prior
Agreement and executed a joinder to the Prior Agreement on December 3,
2003;

 

WHEREAS, pursuant to that
certain Agreement and Plan of Merger, dated as of December 3, 2003, by and
among the Company, IGN Acquisition Corp. (“Merger Subsidiary”), GameSpy
Industries, Inc. (“GameSpy”), and certain stockholders of GameSpy, Merger
Subsidiary, a wholly-owned subsidiary of the Company, will merge with and into
GameSpy;

 

WHEREAS, the Company and
Great Hill, Liberty Mutual and certain Investors and Management Stockholders
named therein (the “Additional Series A Purchasers”) have entered into that
certain Securities Purchase Agreement, dated as of the date hereof (the
“Additional Series A Purchase Agreement”), whereby the Additional Series A
Purchasers have agreed to purchase (i) shares of Series A Preferred Stock and
(ii) shares of Common Stock;

 

WHEREAS, the Company and
Banc of America Capital Investors, L.P. (“BACI”) have entered into that certain
Securities Purchase Agreement, dated as of the date hereof (the “Series B
Purchase Agreement”), whereby BACI has agreed to purchase (i) shares of the
Company’s Series B Participating Preferred Stock, par value $0.01 per share
(the “Series B Preferred Stock”) and (ii) a warrant to purchase shares of the
Company’s Common Stock;

 

WHEREAS, the Company, the
Investors and the Management Stockholders desire to amend and restate the Prior
Agreement to provide such Stockholders the rights created pursuant to this
Agreement in lieu of rights granted under the Prior Agreement; and

 

 

WHEREAS, it is a condition
to the obligations of BACI under the Series B Purchase Agreement and the
Additional Series A Purchasers under the Additional Series A Purchase Agreement
that the Agreement be entered into by the parties hereto.

 

NOW, THEREFORE, in
consideration of the premises, as an inducement to the parties hereto to
consummate the transactions contemplated, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
Company and the Stockholders hereby covenant and agree with each other as
follows:

 

1.                                      
Certain Definitions.  As used in this Agreement, the following terms
shall have the following respective meanings:

 

“BACI Investors”
means BACI, its affiliates and any direct or indirect transferees (other than
any Management Stockholder or any Great Hill Investor) of any Registrable
Securities held by BACI or any other BACI Investor.

 

“Commission” shall
mean the United States Securities and Exchange Commission, or any other federal
agency administering the Securities Act and the Exchange Act at the time.

 

“Common Stock”
shall mean the Common Stock and any other common equity securities issued by
the Company, and any other shares of stock issued or issuable with respect
thereto (whether by way of a stock dividend or stock split or in exchange for
or upon conversion of such shares or otherwise in connection with a combination
of shares, recapitalization, merger, consolidation or other corporate
reorganization).

 

“Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended, or any similar
successor federal statute, and the rules and regulations of the Commission
thereunder, all as the same shall be in effect at the time.

 

“Great Hill Investors”
means Great Hill, its affiliates, Liberty Mutual and any direct or indirect
transferee (other than any Management Stockholder or any BACI Investor) of any
Registrable Securities held by Great Hill or any other Great Hill Investor.

 

“Person” shall
mean an individual, a corporation, a partnership, a joint venture, a trust, an
unincorporated organization, a limited liability company or partnership, a
government and any agency or political subdivision thereof.

 

“Registrable
Securities” shall mean (i) any shares of Common Stock held by the
Stockholders at any time, and (ii) any other securities issued and issuable
with respect to any such shares described in clause (i) above by way of a stock
dividend or stock split or in connection with a combination of shares,
recapitalization, merger, consolidation or other reorganization (it being
understood that for purposes of this Agreement, a Person will be deemed to be a
holder of Registrable Securities whenever such Person has the right to then
acquire or obtain from the Company any Registrable Securities, whether or not
such acquisition has actually been effected).

 

“Registration Expenses”
shall mean the expenses so described in Section 6 hereof.

 

2

 

“Securities Act”
shall mean the Securities Act of 1933, as amended, or any similar successor
federal statute, and the rules and regulations of the Commission thereunder,
all as the same shall be in effect at the time.

 

All other capitalized
terms not defined herein shall have the meaning set forth in the Purchase
Agreement unless otherwise indicated.

 

2.                                      
Demand Registration.

 

(a)                                 
At
any time after 180 days after the initial public offering of the Common Stock
pursuant to an effective registration under the Securities Act, the holders of
at least (i) a majority of the Registrable Securities held by the Great Hill
Investors or (ii) the holders of at least a majority of the Registrable
Securities held by the BACI Investors, as applicable and in accordance with
this Section 2, may notify the Company that they intend to offer or cause
to be offered for public sale all or any portion of their Registrable
Securities in the manner specified in such request.  Upon receipt of such
request, the Company shall promptly deliver notice of such request to all
Stockholders holding Registrable Securities who shall then have thirty (30)
days to notify the Company in writing of their desire to be included in such
registration.  If the request for registration contemplates an
underwritten public offering, the Company shall state such in the written
notice and in such event the right of any Person to participate in such
registration shall be conditioned upon such Person’s participation in such
underwritten public offering and the inclusion of such Person’s Registrable
Securities in the underwritten public offering to the extent provided
herein.  The Company will use its best efforts to expeditiously effect
(but in any event no later than forty-five (45) days after such request) the
registration of all Registrable Securities whose holders request participation
in such registration under the Securities Act, but only to the extent provided
for in this Agreement; provided, however, that the Company shall not be
required to effect registration pursuant to a request under this Section 2
more than (i) three (3) times for the Great Hill Investors or (ii) one (1) time
for the BACI Investors; provided, that if the BACI Investors have
requested a demand registration for a number of Registrable Securities that
would result in the BACI Investors owning less than five percent (5%) of the
Company’s outstanding Common Stock, but after giving effect to any reductions
pursuant to Section 2(b), the BACI Investors continue to hold at least
five percent (5%) of the Company’s then outstanding Common Stock following such
demand registration by the BACI Investors, the Company shall be required to
effect one (1) additional registration pursuant to a request from the BACI Investors
in accordance with the terms hereof. Notwithstanding anything to the contrary
contained herein, no request may be made under this Section 2 within
ninety (90) days after the effective date of a registration statement filed by
the Company covering a firm commitment underwritten public offering in which
the holders of Registrable Securities shall have been entitled to join pursuant
to Section 4 and in which there shall have been effectively registered all
Registrable Securities as to which registration shall have been
requested.  A registration will not count as a requested registration
under this section 2(a) unless and until the registration statement
relating to such registration has been declared effective by the Commission at
the request of the initiating Stockholders; provided, however, that a
majority in interest of the Great Hill Investors or the BACI Investors, as
applicable, may request, in writing, that the Company withdraw a registration
statement which has been filed pursuant to their request and under this
Section 2(a) but has not yet been declared effective, and a majority in
interest of such Stockholders may

 

3

 

thereafter request the Company to
reinstate such registration statement, if permitted under the Securities Act,
or to file another registration statement, in accordance with the procedures
set forth herein and without reduction in the number of demand registrations
permitted for such Stockholders under this Section 2(a).

 

(b)                                
If
a requested registration involves an underwritten public offering and the
managing underwriter of such offering determines in good faith that the number
of securities sought to be offered should be limited due to market conditions,
then the number of securities to be included in such underwritten public
offering shall be reduced to a number deemed satisfactory by such managing
underwriter; provided, that the shares to be excluded shall be determined in
the following order of priority:  (i) persons not having any contractual
or other right to include such securities in the registration statement, (ii)
securities held by any other Persons (other than the holders of Registrable
Securities) having a contractual, incidental “piggy back” right to include such
securities in the registration statement, (iii) securities to be registered by
the Company pursuant to such registration statement, (iv) Registrable
Securities of Management Stockholders and, if necessary, (v) Registrable Securities
of Investors.  If there is a reduction of the number of Registrable
Securities pursuant to clauses (iv) or (v), such reduction shall be made on a
pro rata basis (based upon the aggregate number of Registrable Securities held
by such Stockholders).

 

(c)                                 
With
respect to a request for registration pursuant to Section 2(a) which is
for an underwritten public offering, the managing underwriter shall be chosen
by a majority in interest of the Great Hill Investors or the BACI Investors, as
applicable, to be sold in such offering (which approval will not be
unreasonably withheld or delayed).  The Company may not cause any other
registration of securities for sale for its own account (other than a
registration effected solely to implement an employee benefit plan or a
transaction to which Rule 145 of the Securities Act is applicable) to become
effective within one hundred twenty (120) days following the effective date of
any registration required pursuant to this Section 2.

 

3.                                      
Form S-3.  After the
first public offering of its securities registered under the Securities Act,
the Company shall use its best efforts to qualify and remain qualified to
register securities pursuant to a registration statement on Form S-3 (or any
successor form) under the Securities Act.  A Stockholder or Stockholders
holding Registrable Securities anticipated to have an aggregate sale price (net
underwriting discounts and commissions, if any) in excess of $500,000 shall
have the right to request any number of registrations on Form S-3 (or any
successor form) for the Registrable Securities held by such requesting
Stockholders.  Such requests shall be in writing and shall state the
number of shares of Registrable Securities to be disposed of and the intended
method of disposition of such shares by such Stockholder or Stockholders. 
The Company shall give notice to all other holders of Registrable Securities of
the receipt of a request for registration pursuant to this Section 3 and
such Stockholders shall then have thirty (30) days to notify the Company in
writing of their desire to participate in the registration.  The Company
shall uses its best efforts to effect promptly the registration of all shares
on Form S-3 (or a comparable successor form) to the extent requested by such
Stockholders.  The Company shall use its best efforts to keep such
registration statement effective until the earlier of 90 days or until such
Stockholders have completed the distribution described in such registration
statement.

 

4

 

4.                                      
Piggyback Registration.  If the Company at any time proposes to
register any of its securities under the Securities Act for sale to the public
(except with respect to registration statements on Forms S-4, S-8 or another
form not available for registering the Registrable Securities for sale to the
public), each such time it will give written notice at the applicable address
of record to each holder of Registrable Securities of its intention to do
so.  Upon the written request of any of such Stockholders, given within
twenty (20) days after receipt by such Person of such notice, the Company will,
subject to the limits contained in this Section 4, use its best efforts to
cause all such Registrable Securities of said requesting Stockholders to be
registered under the Securities Act and qualified for sale under any state blue
sky law, all to the extent required to permit such sale or other disposition of
said Registrable Securities; provided, however, that if the Company is
advised in writing in good faith by any managing underwriter of the Company’s
securities being offered in a public offering pursuant to such registration
statement that the amount to be sold by persons other than the Company is
greater than the amount which can be offered without adversely affecting the
offering, the Company may reduce the amount offered for the accounts of those
stockholders of the Company selling securities under such registration
(including holders of Registrable Securities) to a number deemed satisfactory
by such managing underwriter; and provided further, that (a) in no event shall
the amount of Registrable Securities of selling Stockholders be reduced below
ten percent (10%) of the total amount of securities included in such offering,
unless such offering is the initial public offering of the Company’s
securities; and (b) any shares to be excluded shall be determined in the
following order of priority:  (i) securities held by any Persons not
having any such contractual, incidental registration rights, (ii) securities
held by any Persons having contractual, incidental registration rights pursuant
to an agreement which is not this Agreement, and (iii) the Registrable
Securities sought to be included by the selling Stockholders, as determined on
a pro rata basis (based upon the aggregate number of Registrable Securities
held by such holders).

 

5.                                      
Registration Procedures.  If and whenever the Company is required by the
provisions of this Agreement to use its best efforts to promptly effect the
registration of any of its securities under the Securities Act, the Company
will:

 

(a)                                 
use
its best efforts diligently to prepare and file with the Commission a
registration statement on the appropriate form under the Securities Act with
respect to such securities, which form shall comply as to form in all material
respects with the requirements of the applicable form and include all financial
statements required by the Commission to be filed therewith, and use its best
efforts to cause such registration statement to become and remain effective
until completion of the proposed offering;

 

(b)                                
use
its best efforts to diligently prepare and file with the Commission such
amendments and supplements to such registration statement and the prospectus
used in connection therewith as may be necessary to keep such registration statement
effective until the Stockholder or Stockholders have completed the distribution
described in such registration statement and to comply with the provisions of
the Securities Act with respect to the sale or other disposition of all
securities covered by such registration statement whenever the seller or
sellers of such securities shall desire to sell or otherwise dispose of the
same, but only to the extent provided in this Agreement;

 

5

 

(c)                                 
furnish
to each selling Stockholder and the underwriters, if any, such number of copies
of such registration statement, any amendments thereto, any documents
incorporated by reference therein, the prospectus, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such
other documents as such selling Stockholder may reasonably request in order to
facilitate the public sale or other disposition of the Registrable Securities
owned by such selling Stockholder;

 

(d)                                
use
its best efforts to register or qualify the securities covered by such
registration statement under such other securities or state blue sky laws of
such jurisdictions as each selling Stockholder shall request, and do any and
all other acts and things which may be necessary under such securities or blue
sky laws to enable such selling Stockholder to consummate the public sale or
other disposition in such jurisdictions of the securities owned by such selling
Stockholder, except that the Company shall not for any such purpose be required
to qualify to do business as a foreign corporation in any jurisdiction wherein
it is not so qualified;

 

(e)                                 
within
a reasonable time before each filing of the registration statement or
prospectus or amendments or supplements thereto with the Commission, furnish to
counsel selected by the Stockholders copies of such documents proposed to be
filed, which documents shall be subject to the approval of such counsel;

 

(f)                                   
immediately
notify each selling Stockholder of Registrable Securities, such selling
Stockholder’s counsel and any underwriter and (if requested by any such Person)
confirm such notice in writing, of the happening of any event which makes any
statement made in the registration statement or related prospectus untrue or
which requires the making of any changes in such registration statement or
prospectus so that they will not contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein in the light of the circumstances
under which they were made not misleading; and, as promptly as practicable
thereafter, prepare and file with the Commission and furnish a supplement or
amendment to such prospectus so that, as thereafter deliverable to the
purchasers of such Registrable Securities, such prospectus will not contain any
untrue statement of a material fact or omit to state a material fact necessary
to make the statements therein, in the light of the circumstances under which
they were made, not misleading;

 

(g)                                
use
its best efforts to prevent the issuance of any order suspending the
effectiveness of a registration statement, and if one is issued use its best
efforts to obtain the withdrawal of any order suspending the effectiveness of a
registration statement at the earliest possible moment;

 

(h)                                
if
requested by the managing underwriter or underwriters (if any), any selling
Stockholder, or such selling Stockholder’s counsel, promptly incorporate in a
prospectus supplement or post-effective amendment such information as such
Person requests to be included therein, including, without limitation, with
respect to the securities being sold by such selling Stockholder to such
underwriter or underwriters, the purchase price being paid therefor by such
underwriter or underwriters and with respect to any other terms of an
underwritten offering of

 

6

 

the securities to be sold in such offering, and
promptly make all required filings of such prospectus supplement or
post-effective amendment;

 

(i)                                    
make
available to each selling Stockholder, any underwriter participating in any
disposition pursuant to a registration statement, and any attorney, accountant
or other agent or representative retained by any such selling Stockholder or
underwriter (collectively, the “Inspectors”), all financial and other records,
pertinent corporate documents and properties of the Company (collectively, the
“Records”), as shall be reasonably necessary to enable them to exercise their
due diligence responsibility, and cause the Company’s officers, directors and
employees to supply all information requested by any such Inspector in
connection with such registration statement;

 

(j)                                    
enter
into any reasonable underwriting agreement required by the proposed
underwriter(s) for the selling Stockholders, if any, and use its best efforts
to facilitate the public offering of the securities;

 

(k)                                 
furnish
to each prospective selling Stockholder a signed counterpart, addressed to the
prospective selling Stockholder, of (A) an opinion of counsel for the Company,
dated the effective date of the registration statement, and (B) a “comfort”
letter signed by the independent public accountants who have certified the
Company’s financial statements included in the registration statement, covering
substantially the same matters with respect to the registration statement (and
the prospectus included therein) and (in the case of the accountants’ letter)
with respect to events subsequent to the date of the financial statements, as
are customarily covered (at the time of such registration) in opinions of the
Company’s counsel and in accountants’ letters delivered to the underwriters in
underwritten public offerings of securities;

 

(l)                                    
cause
the securities covered by such registration statement to be listed on the
securities exchange or quoted on the quotation system on which the Common Stock
of the Company is then listed or quoted (or if the Common Stock is not yet
listed or quoted, then on such exchange or quotation system as a majority in
interest of the Stockholders selling Registrable Securities and the Company
shall determine);

 

(m)                              
otherwise
use its best efforts to comply with all applicable rules and regulations of the
Commission and make generally available to its security holders, in each case
as soon as practicable, but not later than 30 days after the close of the
period covered thereby, an earnings statement of the Company which will satisfy
the provisions of Section 11(a) of the Securities Act and Rule 158
thereunder (or any comparable successor provisions);

 

(n)                                
otherwise
cooperate with the underwriter(s), the Commission and other regulatory agencies
and take all actions and execute and deliver or cause to be executed and
delivered all documents necessary to effect the registration of any securities
under this Agreement; and

 

(o)                                
during
the period when the prospectus is required to be delivered under the Securities
Act, promptly file all documents required to be filed with the Commission
pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Exchange Act.

 

7

 

6.                                      
Expenses.   
All expenses incurred by the Company or the Stockholders in effecting the
registrations provided for in Sections 2, 3 and 4, including, without
limitation, all registration and filing fees, printing expenses, fees and
disbursements of counsel for the Company,  and one counsel for the
Stockholders participating in such registration as a group (selected by a
majority-in-interest of the holders of Registrable Securities who participate
in the registration) underwriting expenses (other than fees, commissions or
discounts), expenses of any audits incident to or required by any such
registration and expenses of complying with the securities or blue sky laws of
any jurisdictions (all of such expenses referred to as “Registration
Expenses”), shall be paid by the Company.

 

7.                                      
Indemnification.

 

(a)                                 
The
Company shall indemnify and hold harmless each Stockholder that is selling
Registrable Securities (including its partners (including partners of partners
and shareholders of such partners)), each underwriter (as defined in the
Securities Act), and directors, officers, employees and agents of any of them,
and each other Person who participates in the offering of such securities and
each other Person, if any, who controls (within the meaning of the Securities
Act) such seller, underwriter or participating Person (individually and
collectively, the “Indemnified Person”) against any losses, claims, damages or
liabilities (collectively, the “liability”), joint or several, to which such
Indemnified Person may become subject under the Securities Act or any other
statute or at common law, insofar as such liability (or action in respect
thereof) arises out of or is based upon (i) any untrue statement or alleged
untrue statement of any material fact contained, on the effective date thereof,
in any registration statement under which such securities were registered under
the Securities Act, any preliminary prospectus or final prospectus contained
therein, or any amendment or supplement thereto, or (ii) any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein not misleading, or (iii) any
violation by the Company of the Securities Act, any state securities or “blue
sky” laws or any sale or regulation thereunder in connection with such
registration.  Except as otherwise provided in Section 7(d), the
Company shall reimburse each such Indemnified Person in connection with
investigating or defending any such liability; provided, however,
that the Company shall not be liable to any Indemnified Person in any such case
to the extent that any such liability arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission made in
such registration statement, preliminary or final prospectus, or amendment or
supplement thereto in reliance upon and in conformity with information
furnished in writing to the Company by such Person specifically for use
therein; and provided  further, that the Company shall not be
required to indemnify any Person against any liability arising from any untrue
or misleading statement or omission contained in any preliminary prospectus if
such deficiency is corrected in the final prospectus or for any liability which
arises out of the failure of any Person to deliver a prospectus as required by
the Securities Act.

 

(b)                                
Each
Stockholder holding any securities included in any registration being effected
hereunder shall indemnify and hold harmless each other selling Stockholder of
any securities, the Company, its directors and officers, each underwriter and
each other Person, if any, who controls (within the meaning of the Securities
Act) the Company or such underwriter

 

8

 

(individually and collectively also
the “Indemnified Person”), against any liability, joint or several, to which
any such Indemnified Person may become subject under the Securities Act or any
other statute or at common law, insofar as such liability (or actions in
respect thereof) arises out of or is based upon (i) any untrue statement or
alleged untrue statement of any material fact contained, on the effective date
thereof, in any registration statement under which securities were registered
under the Securities Act at the request of such selling Stockholder, any
preliminary prospectus or final prospectus contained therein, or any amendment
or supplement thereto, or (ii) any omission or alleged omission by such selling
Stockholder to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, in the case of (i) and
(ii) to the extent, but only to the extent, that such untrue statement or
alleged untrue statement or omission or alleged omission was made in such
registration statement, preliminary or final prospectus, amendment or supplement
thereto in reliance upon and in conformity with information furnished in
writing to the Company by such selling Stockholder specifically for use
therein.  Such selling Stockholder shall reimburse any Indemnified Person
for any legal fees incurred in investigating or defending any such liability; provided,
however, that in no event shall the liability of any Stockholder for
indemnification under this Section 7 in its capacity as a seller of
Registrable Securities exceed the lesser of (i) that proportion of the total of
such losses, claims, damages, expenses or liabilities indemnified against equal
to the proportion of the total securities sold under such registration
statement which are being sold by such Stockholder, or (ii) the amount equal to
the net proceeds received by such Stockholder from its sale of Registrable
Securities under such registration statement; and provided  further,
however, that no selling Stockholder shall be required to indemnify any Person
against any liability arising from any untrue or misleading statement or
omission contained in any preliminary prospectus if such deficiency is
corrected in the final prospectus or for any liability which arises out of the
failure of any Person to deliver a prospectus as required by the Securities Act.

 

(c)                                 
Indemnification
similar to that specified in Sections 7(a) and (b) shall be given by the
Company and each selling Stockholder (with such modifications as may be
appropriate) with respect to any required registration or other qualification
of their securities under any federal or state law or regulation of
governmental authority other than the Securities Act.

 

(d)                                
In
the event the Company, any selling Stockholder or other Person receives a
complaint, claim or other notice of any liability or action, giving rise to a
claim for indemnification under Sections 7(a), (b) or (c) above, the Person
claiming indemnification under such paragraphs shall promptly notify the Person
against whom indemnification is sought of such complaint, notice, claim or
action, and such indemnifying Person shall have the right to investigate and
defend any such loss, claim, damage, liability or action.

 

(e)                                 
If
the indemnification provided for in this Section 7 for any reason is held
by a court of competent jurisdiction to be unavailable to an Indemnified Person
in respect of any losses, claims, damages, expenses or liabilities referred to
therein, then each indemnifying party under this Section 7, in lieu of
indemnifying such indemnified party thereunder, shall contribute to the amount
paid or payable by such indemnified party as a result of such losses, claims,
damages, expenses or liabilities in such proportion as is appropriate to
reflect the relative fault of the Company, the other Stockholders and the
underwriters in connection with the statements or

 

9

 

omissions which resulted in such
losses, claims, damages expenses or liabilities, as well as any other relevant
equitable considerations. The relative fault of the Company, the Stockholders
and the underwriters shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission or alleged omission to state a material fact relates to information
supplied by the Company, the Stockholders, or the underwriters and the parties’
relative intent, knowledge, access to information and opportunity to correct or
prevent such statement or omission.

 

The Company, the
Stockholders and the Underwriters agree that it would not be just and equitable
if contribution to this Section 7 were determined by any method of
allocation which does not take account the equitable considerations referred to
in the immediately preceding paragraph.  In no event, however, shall a
Stockholder be required to contribute under this Section 7(e) in excess of
the lesser of (i) that proportion of the total of such losses, claims, damages,
expenses or liabilities indemnified against equal to the proportion of the
total securities sold under such registration statement which are being sold by
such Stockholder, or (ii) the amount equal to the net proceeds received by such
Stockholder from its sale of Registrable Securities under such registration
statement.  No Person found guilty of fraudulent representation (within
the meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any person who was not found guilty of such fraudulent
misrepresentation.

 

(f)                                   
The
amount paid or payable by an indemnifying party to an Indemnified Person as a
result of the losses, claims, damages, expenses and liabilities referred to in
this Section 7 shall be deemed to include, subject to limitations set
forth above, any legal or other expenses reasonably incurred by such
indemnified party in connection with investigating or defending any such action
or claim, payable as the same are incurred.  The indemnification and contribution
provided for in this Section 7 will remain in full force and effect
regardless of any investigation made by or on behalf of the indemnified parties
or any other officer, director, employee, agent or controlling person of the
indemnified parties and shall survive the transfer of securities hereunder and
receipt of proceeds thereof.  No indemnifying party, in the defense of any
such claim or litigation, shall enter into a consent or entry of any judgment
or enter into a settlement without the consent of the Indemnified Person, which
consent will not be unreasonably withheld or delayed.

 

8.                                      
Compliance with Rule 144.  In the event that the Company (i)
registers a class of securities under Section 12 of the Exchange Act or
(ii) shall commence to file reports under Section 13 or 15(d) of the
Exchange Act, the Company will use its best efforts thereafter to file with the
Commission such information as is required under the Exchange Act for so long
as there are holders of Registrable Securities; and in such event, the Company
shall use its best efforts to take all action as may be required as a condition
to the availability of Rule 144 under the Securities Act (or any comparable
successor rules).  The Company shall furnish to any holder of Registrable
Securities upon request a written statement executed by the Company as to the
steps it has taken to comply with the current public information requirement of
Rule 144 (or such comparable successor rules).  After the occurrence of
the first underwritten public offering of Common Stock of the Company pursuant
to an offering registered under the Securities Act on Form S-1 or Form SB-1 (or
any comparable successor forms), subject to the limitations on transfers
imposed by this Agreement, the Company shall use its best efforts to facilitate
and

 

10

 

expedite transfers of Registrable Securities pursuant
to Rule 144 under the Securities Act, which efforts shall include timely written
notice to its transfer agent to expedite such transfers of Registrable
Securities.

 

9.                                      
Rule 144A Information.  The Company shall, upon written request of any
Stockholder, provide to such Stockholder and to any prospective institutional
transferee of the Common Stock designated by such Stockholder, such financial
and other information as is available to the Company or can be obtained by the
Company without material expense and as such Stockholder may reasonably determine
is required to permit such transfer to comply with the requirements of Rule
144A promulgated under the Securities Act.

 

10.                                
Amendments.  The provisions of this Agreement may be amended, and the
Company may take any action herein prohibited or omit to perform any act herein
required to be performed by it, only if the Company has obtained the written
consent of the holders of (i) at least a majority of the Registrable
Securities; and (ii) at least a majority in interest of the BACI Investors. For
the purposes of this Agreement and all agreements executed pursuant hereto, no
course of dealing between or among any of the parties hereto and no delay on
the part of any party hereto in exercising any rights hereunder or thereunder
shall operate as a waiver of the rights hereof and thereof.

 

11.                                
Postponement.  The Company may postpone the filing of any registration
statement required hereunder for a reasonable period of time, not to exceed
ninety (90) days in the aggregate during any twelve-month period, if the
Company has been advised by legal counsel that such filing would require a
special audit or the disclosure of a material impending transaction or other
matter and the Company’s Board of Directors determines reasonably and in good
faith that such disclosure would have a material adverse effect on the Company
(a “Black-Out Period”).  Upon notice of the existence of a Black-Out
Period from the Company to any Stockholder or Stockholders with respect to any
registration statement already effective, such Stockholder or Stockholders
shall refrain from selling their Registrable Securities under such registration
statement until such Black-Out Period has ended; provided, however, that the
Company shall not impose a Black-Out Period more than once during any period of
twelve (12) consecutive months and in no event shall such Black-Out Period
exceed sixty (60) days.

 

12.                                
Market Stand-Off.  Each Stockholder agrees, that if requested by the Company and
an underwriter of Registrable Securities of the Company in connection with any
public offering of the Company, not to directly or indirectly offer, sell,
contract to sell, sell any option or contract to purchase, purchase any option
or contract to sell, grant any option, right or warrant for the sale of or
otherwise dispose of or transfer any shares held by it for such period, not to
exceed (a) one hundred eighty (180) days following the effective date of the
relevant registration statement filed under the Securities Act in connection
with the Company’s initial public offering of Registrable Securities, or (b)
ninety (90) days following the effective date of the relevant registration
statement in connection with any other public offering of Registrable
Securities, as such underwriter shall specify reasonably and in good faith,
provided, however, that all officers and directors of the Company and all 1% or
greater stockholders of the Company enter into similar agreements.

 

11

 

13.                                
Transferability of Registration Rights.  The registration rights set forth
in this Agreement are transferable to each transferee of Registrable
Securities.  Each subsequent holder of Registrable Securities must consent
in writing to be bound by the terms and conditions of this Agreement in order
to acquire the rights granted pursuant to this Agreement.

 

14.                                
Rights Which May Be Granted to
Subsequent Stockholders.  Other than permitted transferees of
Registrable Securities under this Section, the Company shall not, without the
prior written consent of holders of at least a majority of the Registrable
Securities, (a) allow purchasers of the Company’s securities to become a party
to this Agreement or (b) grant any other registration rights other than any
incidental or so called piggyback registration rights to any third parties that
are not inconsistent with the terms of this Agreement.

 

15.                                
Damages.  The Company
recognizes and agrees that each holder of Registrable Securities will not have
an adequate remedy if the Company fails to comply with the terms and provisions
of this Agreement and that damages will not be readily ascertainable, and the
Company expressly agrees that, in the event of such failure, it shall not
oppose an application by any holder of Registrable Securities or any other
Person entitled to the benefits of this Agreement requiring specific performance
of any and all provisions hereof or enjoining the Company from continuing to
commit any such breach of this Agreement.

 

16.                                
Miscellaneous.

 

(a)                                 
Notices. All notices,
requests, demands and other communications provided for hereunder shall be in
writing and mailed (by first class registered or certified mail, postage
prepaid), telegraphed, sent by express overnight courier service or electronic
facsimile transmission (with a copy by mail), or delivered to the applicable
party at the addresses indicated below:

 

If to
the Management Stockholders:

 

At the addresses listed in the signature pages hereto

 

with a
copy to:

 

Cooley Godward LLP

3175 Hanover Street

Palo Alto, CA 94304-1130

Fax No.:  (650) 849-7400

Attention: Craig E. Dauchy

 

If to the Company:

 

8000 Marina Boulevard

2nd Floor

 

12

 

Brisbane, CA 94005

Attention:  Chief Executive Officer

Telephone No.:  415-508-2077

Telecopier No.:  415-508-2777

 

with copies to:

 

Great Hill Partners GP II, LLC.

One Liberty Square

Boston, MA 02109

Attention: Michael A. Kumin

Telephone No.:  617-790-9435

Telecopier No.:  617-790-9416

 

and

 

Goodwin Procter LLP

Exchange Place

Boston, MA 02109

Attention: David F. Dietz, P.C.

Telephone No.:  617-570-1511

Telecopier No.:  617-523-1231

 

If to
any other holder of Registrable Securities:

 

At such Person’s address
for notice as set forth in the books and records of the Company or, as to each
of the foregoing, at such other address as shall be designated by such Person
in a written notice to other parties complying as to delivery with the terms of
this subsection (a).  All such notices, requests, demands and other
communications shall, when mailed, telegraphed or sent, respectively, be
effective (i) two days after being deposited in the mails or (ii) one day after
being delivered to the telegraph company, deposited with the express overnight
courier service or sent by electronic facsimile transmission, respectively,
addressed as aforesaid.

 

(b)                                
Governing
Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of New York, without giving effect to conflict of laws
principles thereof.

 

(c)                                 
Dispute
Resolution.

 

(i)                                    
All disputes, claims
or controversies arising out of or relating to this Agreement or any other
agreement executed and delivered pursuant to this Agreement or the negotiation,
validity or performance hereof and thereof or the transactions contemplated
hereby and thereby that are not resolved by mutual agreement shall be resolved
solely and exclusively by binding arbitration before JAMS/Endispute, Inc., or
its successor.  The arbitration shall be held in Delaware before a single
arbitrator and shall be conducted in accordance with the rules and regulations
promulgated by JAMS/Endispute, Inc. unless specifically modified herein.

 

13

 

The parties covenant and
agree that the arbitration shall commence within ninety (90) days of the date
on which a written demand for arbitration is filed by any party hereto. 
In connection with the arbitration proceeding, the arbitrator shall have the
power to order the production of documents by each party and any third party
witnesses.  In addition, each party may take up to three (3) depositions
as of right, and the arbitrator may in his or her discretion allow additional
depositions upon good cause shown by the moving party.  However, the
arbitrator shall not have the power to order the answering of interrogatories
or the response to requests for admission.  In connection with any
arbitration,  each party shall provide to the other, no later than (7)
business days before the date of the arbitration, the identity of all persons
that may testify at the arbitration and a copy of all documents that may be
introduced at the arbitration or considered or used by a party’s witness or
expert.  The arbitrator’s decision and award shall be made and delivered
within six (6) months of the selection of the arbitrator.  The
arbitrator’s decision shall set forth a reasoned basis for any award of damages
or finding of liability.  The arbitrator shall not have the power to award
damages in excess of actual compensatory damages and shall not multiply actual
damages or award punitive damages or any other damages that are specifically
excluded under this Agreement, and each party hereby irrevocably waives any claim
to such damages.

 

The parties covenant and
agree that they will participate in the arbitration in good faith and that they
will share equally its costs, except as otherwise provided herein.  The
arbitrator may in his or her discretion assess costs and expenses (including
reasonable legal fees and expenses of the prevailing party) against any party
to a proceeding.  Any party unsuccessfully refusing to comply with an
order of the arbitrators shall be liable for costs and expenses, including
attorney’s fees, incurred by the other party in enforcing the award.  This
Section applies equally to requests for temporary, preliminary or
permanent injunctive relief, except that in the case of temporary or
preliminary injunctive relief any party may proceed in court without prior
arbitration for the limited purpose of avoiding immediate and irreparable
harm.  The provisions of this Section shall be enforceable in any
court of competent jurisdiction.

 

The parties shall bear
their own attorneys’ fees, costs and expenses in connection with the
arbitration.  The parties will share equally in the fees and expenses
charges by J.A.M.S.

 

(ii)                                 
Each of the parties
hereto irrevocably and unconditionally consents to the exclusive jurisdiction of
J.A.M.S./Endispute, Inc. to resolve all disputes, claims or controversies
arising out of or relating to this Agreement or any other agreement executed
and delivered pursuant to this Agreement or the negotiation, validity or
performance hereof and thereof or the transactions contemplated hereby and
thereby and further consents to the jurisdiction of the courts of Delaware for
the purposes of enforcing the arbitration provisions of paragraph (a)
above.  Each party further irrevocably waives any objection to proceeding
before J.A.M.S./Endispute, Inc. based upon lack of personal jurisdiction or to
the laying of the venue and further irrevocably and unconditionally waives and
agrees not to make a claim in any court that arbitration before
J.A.M.S./Endispute, Inc. has been brought in an inconvenient forum.  Each
of the parties hereto hereby consents to service of process by registered mail
at the address to which notices are to be given.  Each of the parties
hereto agrees that its or his submission to

 

14

 

jurisdiction and its or his consent to service of
process by mail is made for the express benefit of the other parties hereto.

 

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

 

(e)                                 
Severability.  If any
provision of this Agreement shall be held to be illegal, invalid or
unenforceable, such illegality, invalidity or unenforceability shall attach
only to such provision and shall not in any manner affect or render illegal,
invalid or unenforceable any other provision of this Agreement, and this
Agreement shall be carried out as if any such illegal, invalid or unenforceable
provision were not contained herein.

 

(f)                                   
Integration.  This
Agreement, including the exhibits, documents and instruments referred to herein
or therein, constitutes the entire agreement among the parties with respect to
the subject matter.

 

[SIGNATURE
PAGE FOLLOWS]

 

15

 

IN WITNESS WHEREOF, the
parties hereto have caused this Amended and Restated Registration Rights
Agreement to be duly executed as of the date first set forth above.

 

	
   

  	
  COMPANY:

  
	
   

  	
   

  
	
   

  	
  IGN ENTERTAINMENT, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ MARK A. JUNG

  
	
   

  	
  Name:  Mark A.
  Jung

  
	
   

  	
  Title:  President

  

 

 

[SIGNATURE PAGE TO
AMENDED AND RESTATED

REGISTRATION RIGHTS
AGREEMENT]

 

 

	
   

  	
  INVESTORS:

  
	
   

  	
   

  
	
   

  	
  GREAT HILL EQUITY
  PARTNERS II LIMITED

  PARTNERSHIP

  
	
   

  	
  By:

  	
  Great Hill Partners GP
  II, LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CHRISTOPHER S.
  GAFFNEY

  
	
   

  	
   

  	
  Name:  Christopher
  S. Gaffney

  
	
   

  	
   

  	
  Title:  Manager

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  GREAT HILL AFFILIATE
  PARTNERS II

  LIMITED PARTNERSHIP

  
	
   

  	
  By:

  	
  Great Hill Partners GP
  II, LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CHRISTOPHER S.
  GAFFNEY

  
	
   

  	
   

  	
  Name:  Christopher
  S. Gaffney

  
	
   

  	
   

  	
  Title:  Manager

  

 

 

[SIGNATURE PAGE TO
AMENDED AND RESTATED

REGISTRATION
RIGHTS AGREEMENT]

 

 

	
   

  	
  LIBERTY MUTUAL
  INSURANCE COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ RONALD D.
  ULICH

  
	
   

  	
  Name:

  	
  Ronald D. Ulich

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  

 

 

[SIGNATURE PAGE TO
AMENDED AND RESTATED

REGISTRATION
RIGHTS AGREEMENT]

 

 

	
   

  	
  BANC OF AMERICA CAPITAL
  INVESTORS,

  L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Banc of America Capital
  Management, L.P.

  Its general partner

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  BACM I GP, LLC,

  Its general partner

  
	
   

  	
   

  
	
   

  	
  By:

  	
    /s/ CRAIG A.
  ELSON

  
	
   

  	
   

  	
  Name:  Craig A.
  Elson

  
	
   

  	
   

  	
  Title:  Authorized
  Signatory

  
	
   

  	
   

  	
   

  	
   

  

 

 

[SIGNATURE PAGE TO
AMENDED AND RESTATED

REGISTRATION
RIGHTS AGREEMENT]

 

 

	
   

  	
  /s/ CHRISTOPHER
  ANDERSON

  
	
   

  	
  Christopher Anderson

  
	
   

  	
   

  
	
   

  	
  Address:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

 

[SIGNATURE PAGE TO
AMENDED AND RESTATED

REGISTRATION
RIGHTS AGREEMENT]

 

 

	
   

  	
  MANAGEMENT
  STOCKHOLDERS:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
  /s/ MARK A. JUNG

  
	
   

  	
   

  	
  Mark A. Jung

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  3240 Bayshore Blvd.

  
	
   

  	
   

  	
  Brisbane, CA 94005

  
	
   

  	
   

  	
   

  

 

 

[SIGNATURE PAGE TO
AMENDED AND RESTATED

REGISTRATION
RIGHTS AGREEMENT]

 

 

	
   

  	
   

  	
  /s/ KENNETH H. KELLER

  
	
   

  	
   

  	
  Kenneth Keller

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Address:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  3386 Royal Meadow Ln.

  
	
   

  	
   

  	
  San Jose, CA 95135

  
	
   

  	
   

  	
   

  

 

 

[SIGNATURE PAGE TO
AMENDED AND RESTATED

REGISTRATION
RIGHTS AGREEMENT]Exhibit 10.01

 

Schedule of
Omitted Details

 

The following schedule presents the names of the
Registrant’s executive officers and/or directors covered by the Indemnification
Agreement. This information is omitted from the form of Indemnification
Agreement filed herewith in the bracketed text of [Date], [Company Signatory]
and [Indemnitee], as appropriate. The schedule also indicates whether each
Indemnification Agreement contained Section 11.11, which section terminated
a prior indemnification agreement.

 

	
  [Indemnitee]

  	
   

  	
  [Date]

  	
   

  	
  [Company Signatory]

  	
   

  	
  Contains

  Section 11.11

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Christopher Anderson

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  Yes

  
	
  James M. Berger

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Jonathan B. Bulkeley

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Christopher S. Gaffney

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  Yes

  
	
  Richard A. Jalichandra

  	
   

  	
  April 18, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Mark A. Jung

  	
   

  	
  April 15, 2005

  	
   

  	
  Michael J. Sheridan

  	
   

  	
  Yes

  
	
  Kenneth H. Keller

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Michael A. Kumin

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  Yes

  
	
  Jeffery F. Moy

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  David W. Phillips

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Michael J. Shannahan

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Michael J. Sheridan

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Mark Stieglitz

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  
	
  Dale W. Strang

  	
   

  	
  April 15, 2005

  	
   

  	
  Mark A. Jung

  	
   

  	
  No

  

 

Each Indemnification Agreement is executed by the
individual whose name appears under the column captioned [Indemnitee] and by
the individual whose name appears under the column captioned [Company
Signatory], on behalf of the Registrant.

 

 

This schedule sets forth only the material
details in which the document filed herewith differs from the actual documents
between the Registrant and the Registrant’s officers and directors.

 

2

 

INDEMNIFICATION
AGREEMENT

 

This Indemnification Agreement (this “Agreement”), dated as of [Date], is
made by and between IGN Entertainment, Inc., a Delaware corporation (the “Company”), and [Indemnitee], a
director and/or officer of the Company (the “Indemnitee”).

 

RECITALS

 

A.            The
Company is aware that competent and experienced persons are increasingly
reluctant to serve as directors or officers of corporations unless they are
protected by comprehensive liability insurance and/or indemnification, due to
increased exposure to litigation costs and risks resulting from their service
to such corporations, and because the exposure frequently bears no reasonable
relationship to the compensation of such directors and officers;

 

B.            Based on
their experience as business managers, the Board of Directors of the Company
(the “Board”) has concluded that,
to retain and attract talented and experienced individuals to serve as officers
and directors of the Company, and to encourage such individuals to take the
business risks necessary for the success of the Company, it is necessary for
the Company contractually to indemnify officers and directors and to assume for
itself maximum liability for expenses and damages in connection with claims
against such officers and directors in connection with their service to the
Company;

 

C.            Section 145 of the General Corporation Law of Delaware, under which the
Company is organized (the “Law”),
empowers the Company to indemnify by agreement its officers, directors,
employees and agents, and persons who serve, at the request of the Company, as
directors, officers, employees or agents of other corporations or enterprises,
and expressly provides that the indemnification provided by the Law is not
exclusive; and

 

D.            The
Company desires and has requested the Indemnitee to serve or to continue to
serve as a director or officer of the Company free from undue concern for
claims for damages arising out of or related to such services to the Company.

 

NOW, THEREFORE, the parties
hereto, intending to be legally bound, hereby agree as follows:

 

1.             Definitions.

 

1.1          Agent.  For the purposes of this Agreement, “agent” of the Company means any
person who is or was a director or officer of the Company or a subsidiary of the
Company; or is or was serving at the request of, for the convenience of, or to
represent the interest of the Company or a subsidiary of the Company as a
director or officer of another foreign or domestic corporation, partnership,
joint venture, trust or other enterprise or an affiliate of the Company; or was
a director or officer of a foreign or domestic corporation which was a
predecessor corporation of the Company, or was a director or officer of another
enterprise or affiliate of the Company at the request of, for the convenience
of, or to represent the interests of such predecessor corporation.  The term “enterprise”
includes any employee benefit plan of the Company, its subsidiaries, affiliates
and predecessor corporations.

 

3

 

1.2          Expenses.  For purposes of this Agreement, “expenses” includes all direct and
indirect costs of any type or nature whatsoever (including, without limitation,
all attorneys’ fees and related disbursements and other out-of-pocket costs)
actually and reasonably incurred by the Indemnitee in connection with the
investigation, defense or appeal of a proceeding or establishing or enforcing a
right to indemnification or advancement of expenses under this Agreement, the
Law or otherwise.

 

1.3          Proceeding.  For the purposes of this Agreement, “proceeding” means any threatened,
pending or completed action, suit or other proceeding, whether civil, criminal,
administrative, investigative or any other type whatsoever.

 

1.4          Subsidiary.  For purposes of this Agreement, “subsidiary” means any corporation of
which more than fifty percent (50%) of the outstanding voting securities is
owned directly or indirectly by the Company, by the Company and one or more of
its subsidiaries or by one or more of the Company’s subsidiaries.

 

2.             Agreement
to Serve.  The Indemnitee agrees
to serve and/or continue to serve as an agent of the Company, at the will of
the Company (or under separate agreement, if such agreement exists), in the
capacity the Indemnitee currently serves as an agent of the Company, faithfully
and to the best of his ability, so long as he or she is duly appointed or
elected and qualified in accordance with the applicable provisions of the
charter documents of the Company or any subsidiary of the Company; provided,
however, that the Indemnitee may at any time and for any reason resign
from such position (subject to any contractual obligation that the Indemnitee
may have assumed apart from this Agreement), and the Company or any subsidiary
shall have no obligation under this Agreement to continue the Indemnitee in any
such position.

 

3.             Directors’
and Officers’ Insurance.  The
Company shall, to the extent that the Board determines it to be economically
reasonable, maintain a policy of directors’ and officers’ liability insurance (“D&O Insurance”), on such terms
and conditions as may be approved by the Board.

 

4.             Mandatory
Indemnification.  Subject to Section 9
below, the Company shall indemnify the Indemnitee:

 

4.1          Third
Party Actions.  If the Indemnitee
is a person who was or is a party or is threatened to be made a party to any
proceeding (other than an action by or in the right of the Company) by reason
of the fact that he is or was an agent of the Company, or by reason of anything
done or not done by him in any such capacity, against any and all expenses and
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties and amounts paid in settlement) actually
and reasonably incurred by him in connection with the investigation, defense,
settlement or appeal of such proceeding if he acted in good faith and in a
manner he reasonably believed to be in, or not opposed to, the best interests
of the Company and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful;

 

4.2          Derivative
Actions.  If the Indemnitee is a
person who was or is a party or is threatened to be made a party to any
proceeding by or in the right of the Company to procure a

 

4

 

judgment in its favor by reason of the fact that he is
or was an agent of the Company, or by reason of anything done or not done by
him in any such capacity, against any amounts paid in settlement of any such
proceeding and all expenses actually and reasonably incurred by him in
connection with the investigation, defense, settlement or appeal of such
proceeding if he acted in good faith and in a manner he reasonably believed to
be in, or not opposed to, the best interests of the Company; except that
no indemnification under this subsection shall be made in respect of any
claim, issue or matter as to which such person shall have been finally adjudged
to be liable to the Company by a court of competent jurisdiction due to willful
misconduct of a culpable nature in the performance of his duty to the Company,
unless and only to the extent that the Court of Chancery or the court in which
such proceeding was brought shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case,
such person is fairly and reasonably entitled to indemnity for such amounts
which the Court of Chancery or such other court shall deem proper; and

 

4.3          Exception
for Amounts Covered by Insurance. 
Notwithstanding the foregoing, the Company shall not be obligated to
indemnify the Indemnitee for expenses or liabilities of any type whatsoever
(including, but not limited to, judgments, fines, ERISA excise taxes or
penalties and amounts paid in settlement) to the extent such have been paid
directly to the Indemnitee by D&O Insurance.

 

5.             Partial
Indemnification and Contribution.

 

5.1          Partial
Indemnification.  If the
Indemnitee is entitled under any provision of this Agreement to indemnification
by the Company for some or a portion of any expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes
or penalties and amounts paid in settlement) incurred by him or her in the
investigation, defense, settlement or appeal of a proceeding but is not
entitled, however, to indemnification for all of the total amount thereof, then
the Company shall nevertheless indemnify the Indemnitee for such total amount
except as to the portion thereof to which the Indemnitee is not entitled to
indemnification.

 

5.2          Contribution.  If the Indemnitee is not entitled to the
indemnification provided in Section 4 for any reason other than the
statutory limitations set forth in the Law, then in respect of any threatened,
pending or completed proceeding in which the Company is jointly liable with the
Indemnitee (or would be if joined in such proceeding), the Company shall
contribute to the amount of expenses (including attorneys’ fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred and paid
or payable by the Indemnitee in such proportion as is appropriate to reflect (i) the
relative benefits received by the Company on the one hand and the Indemnitee on
the other hand from the transaction from which such proceeding arose and (ii) the
relative fault of the Company on the one hand and of the Indemnitee on the
other hand in connection with the events which resulted in such expenses,
judgments, fines or settlement amounts, as well as any other relevant equitable
considerations.  The relative fault of
the Company on the one hand and of the Indemnitee on the other hand shall be
determined by reference to, among other things, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent the
circumstances resulting in such expenses, judgments, fines or settlement
amounts.  The Company agrees that it
would not be just and equitable if contribution pursuant to this Section 5
were determined by pro rata allocation or

 

5

 

any other method of allocation that does not take
account of the foregoing equitable considerations.

 

6.             Mandatory
Advancement of Expenses.

 

6.1          Advancement.  Subject to Section 9 below and except as
prohibited by law, the Company shall advance all expenses incurred by the
Indemnitee in connection with the investigation, defense, settlement or appeal
of any proceeding to which the Indemnitee is a party or is threatened to be
made a party by reason of the fact that the Indemnitee is or was an agent of
the Company or by reason of anything done or not done by him in any such
capacity.  The Indemnitee hereby
undertakes to promptly repay such amounts advanced only if, and to the extent
that, it shall ultimately be determined that the Indemnitee is not entitled to
be indemnified by the Company under the provisions of this Agreement, the
Certificate of Incorporation or Bylaws of the Company, the Law or
otherwise.  The advances to be made
hereunder shall be paid by the Company to the Indemnitee within thirty (30)
days following delivery of a written request therefor by the Indemnitee to the
Company.

 

6.2          Exception.  Notwithstanding the foregoing provisions of
this Section 6, the Company shall not be obligated to advance any expenses
to the Indemnitee arising from a lawsuit filed directly by the Company against
the Indemnitee if an absolute majority of the members of the Board reasonably
determines in good faith, within thirty (30) days of the Indemnitee’s request
to be advanced expenses, that the facts known to them at the time such
determination is made demonstrate clearly and convincingly that the Indemnitee
acted in bad faith.  If such a
determination is made, the Indemnitee may have such decision reviewed by another
forum, in the manner set forth in Sections 8.3, 8.4 and 8.5 hereof, with all
references therein to “indemnification” being deemed to refer to “advancement
of expenses,” and the burden of proof shall be on the Company to demonstrate
clearly and convincingly that, based on the facts known at the time, the
Indemnitee acted in bad faith.  The
Company may not avail itself of this Section 6.2 as to a given lawsuit if,
at any time after the occurrence of the activities or omissions that are the
primary focus of the lawsuit, the Company has undergone a change in
control.  For this purpose, a change in
control shall mean a given person or group of affiliated persons or groups
increasing their beneficial ownership interest in the Company by at least
twenty (20) percentage points without advance Board approval.

 

7.             Notice
and Other Indemnification Procedures.

 

7.1          Promptly
after receipt by the Indemnitee of notice of the commencement of or the threat
of commencement of any proceeding, the Indemnitee shall, if the Indemnitee
believes that indemnification with respect thereto may be sought from the
Company under this Agreement, notify the Company of the commencement or threat
of commencement thereof.

 

7.2          If,
at the time of the receipt of a notice of the commencement of a proceeding
pursuant to Section 7.1 hereof, the Company has D&O Insurance in
effect, the Company shall give prompt notice of the commencement of such
proceeding to the insurers in accordance with the procedures set forth in the
respective policies.  The Company shall
thereafter take all necessary or desirable action to cause such insurers to
pay, on behalf of the

 

6

 

Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such D&O Insurance policies.

 

7.3          In
the event the Company shall be obligated to advance the expenses for any
proceeding against the Indemnitee, the Company, if appropriate, shall be
entitled to assume the defense of such proceeding, with counsel approved by the
Indemnitee (which approval shall not be unreasonably withheld), upon the
delivery to the Indemnitee of written notice of its election to do so.  After delivery of such notice, approval of
such counsel by the Indemnitee and the retention of such counsel by the
Company, the Company will not be liable to the Indemnitee under this Agreement
for any fees of counsel subsequently incurred by the Indemnitee with respect to
the same proceeding, provided that: 
(a) the Indemnitee shall have the right to employ his or her own
counsel in any such proceeding at the Indemnitee’s expense; (b) the
Indemnitee shall have the right to employ his or her own counsel in connection
with any such proceeding, at the expense of the Company, if such counsel serves
in a review, observer, advice and counseling capacity and does not otherwise
materially control or participate in the defense of such proceeding; and (c) if
(i) the employment of counsel by the Indemnitee has been previously
authorized by the Company, (ii) the Indemnitee shall have reasonably
concluded that there may be a conflict of interest between the Company and the
Indemnitee in the conduct of any such defense or (iii) the Company shall
not continue to retain such counsel to defend such claim, then the fees and
expenses of the Indemnitee’s counsel shall be at the expense of the
Company.  Any dispute of the Indemnitee’s
determination with respect to the existence of a conflict of interest shall be
resolved pursuant to the process in set forth in Section 8.

 

8.             Determination
of Right to Indemnification.

 

8.1          To
the extent the Indemnitee has been successful on the merits or otherwise in
defense of any proceeding referred to in Section 4.1 or 4.2 of this
Agreement or in the defense of any claim, issue or matter described therein,
the Company shall indemnify the Indemnitee against expenses actually and
reasonably incurred by him or her in connection with the investigation, defense
or appeal of such proceeding, or such claim, issue or matter, as the case may
be.

 

8.2          In
the event that Section 8.1 is inapplicable, or does not apply to the
entire proceeding, the Company shall nonetheless indemnify the Indemnitee
unless the Company shall prove by clear and convincing evidence to a forum
listed in Section 8.3 below that the Indemnitee has not met the applicable
standard of conduct required to entitle the Indemnitee to such indemnification.

 

8.3          The
Indemnitee shall be entitled to select the forum in which the validity of the
Company’s claim under Section 8.2 hereof that the Indemnitee is not
entitled to indemnification will be heard from among the following, except
that the Indemnitee can select a forum consisting of the stockholders of the
Company only with the approval of the Company:

 

(a)           A
quorum of the Board consisting of directors who are not parties to the
proceeding for which indemnification is being sought;

 

(b)           The
stockholders of the Company;

 

7

 

(c)           Legal
counsel mutually agreed upon by the Indemnitee and the Board, which counsel
shall make such determination in a written opinion;

 

(d)           A
panel of three arbitrators, one of whom is selected by the Company, another of
whom is selected by the Indemnitee and the last of whom is selected by the
first two arbitrators so selected, in accordance with the Commercial
Arbitration Rules of the American Arbitration Association; or

 

(e)           The Court of Chancery of Delaware.

 

8.4          As
soon as practicable, and in no event later than thirty (30) days after the
forum has been selected pursuant to Section 8.3 above, the Company shall,
at its own expense, submit to the selected forum its claim that the Indemnitee
is not entitled to indemnification, and the Company shall act in the utmost
good faith to assure the Indemnitee a complete opportunity to defend against
such claim.

 

8.5          If
the forum selected in accordance with Section 8.3 hereof is not a court,
then after the final decision of such forum is rendered, the Company or the
Indemnitee shall have the right to apply to the Court of Chancery of Delaware, for the purpose of appealing the
decision of such forum, provided that such right is executed within
sixty (60) days after the final decision of such forum is rendered.  If the forum selected in accordance with Section 8.3
hereof is a court, then the rights of the Company or the Indemnitee to appeal
any decision of such court shall be governed by the applicable laws and rules governing
appeals of the decision of such court.

 

8.6          Notwithstanding
any other provision in this Agreement to the contrary, the Company shall
indemnify the Indemnitee against all expenses incurred by the Indemnitee in
connection with any hearing or proceeding under this Section 8 involving
the Indemnitee and against all expenses incurred by the Indemnitee in
connection with any other proceeding between the Company and the Indemnitee
involving the interpretation or enforcement of the rights of the Indemnitee
under this Agreement unless a court of competent jurisdiction finds that each
of the material claims and/or defenses of the Indemnitee in any such proceeding
was frivolous or not made in good faith.

 

9.             Exceptions.  Any other provision herein to the contrary
notwithstanding, the Company shall not be obligated pursuant to the terms of
this Agreement:

 

9.1          Claims
Initiated by Indemnitee.  To
indemnify or advance expenses to the Indemnitee with respect to proceedings or
claims initiated or brought voluntarily by the Indemnitee and not by way of
defense, except with respect to proceedings specifically authorized by
the Board or brought to establish or enforce a right to indemnification and/or
advancement of expenses arising under this Agreement, the charter documents of
the Company or any subsidiary or any statute or law or otherwise, but such
indemnification or advancement of expenses may be provided by the Company in
specific cases if the Board finds it to be appropriate; or

 

9.2          Unauthorized
Settlements.  To indemnify the
Indemnitee hereunder for any amounts paid in settlement of a proceeding unless
the Company consents in advance in writing to such settlement, which consent
shall not be unreasonably withheld; or

 

8

 

9.3          Securities
Law Actions.  To indemnify the
Indemnitee on account of any suit in which judgment is rendered against the
Indemnitee for an accounting of profits made from the purchase or sale by the
Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of
the Securities Exchange Act of 1934 and amendments thereto or similar
provisions of any federal, state or local statutory law; or

 

9.4          Unlawful
Indemnification.  To indemnify
the Indemnitee if a final decision by a court having jurisdiction in the matter
shall determine that such indemnification is not lawful.  In this respect, the Company and the
Indemnitee have been advised that the Securities and Exchange Commission takes
the position that indemnification for liabilities arising under the federal
securities laws is against public policy and is, therefore, unenforceable and
that claims for indemnification should be submitted to appropriate courts for
adjudication.

 

10.          Non-Exclusivity.  The provisions for indemnification and
advancement of expenses set forth in this Agreement shall not be deemed
exclusive of any other rights which the Indemnitee may have under any provision
of law, the Company’s Certificate of Incorporation or Bylaws, the vote of the
Company’s stockholders or disinterested directors, other agreements or
otherwise, both as to action in the Indemnitee’s official capacity and to
action in another capacity while occupying his position as an agent of the
Company, and the Indemnitee’s rights hereunder shall continue after the
Indemnitee has ceased acting as an agent of the Company and shall inure to the
benefit of the heirs, executors and administrators of the Indemnitee.

 

11.          General
Provisions.

 

11.1        Interpretation
of Agreement.  It is understood
that the parties hereto intend this Agreement to be interpreted and enforced so
as to provide indemnification and advancement of expenses to the Indemnitee to
the fullest extent now or hereafter permitted by law, except as expressly
limited herein.

 

11.2        Severability.  If any provision or provisions of this
Agreement shall be held to be invalid, illegal or unenforceable for any reason
whatsoever, then:  (a) the validity,
legality and enforceability of the remaining provisions of this Agreement
(including, without limitation, all portions of any paragraphs of this
Agreement containing any such provision held to be invalid, illegal or unenforceable
that are not themselves invalid, illegal or unenforceable) shall not in any way
be affected or impaired thereby; and (b) to the fullest extent possible,
the provisions of this Agreement (including, without limitation, all portions
of any paragraphs of this Agreement containing any such provision held to be
invalid, illegal or unenforceable, that are not themselves invalid, illegal or
unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal or unenforceable and to give effect to Section 11.1
hereof.

 

11.3        Modification
and Waiver.  No supplement,
modification or amendment of this Agreement shall be binding unless executed in
writing by both of the parties hereto. 
No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provision hereof (whether or not
similar), nor shall such waiver constitute a continuing waiver.

 

9

 

11.4        Subrogation.  In the event of full payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all
of the rights of recovery of the Indemnitee, who shall execute all documents
required and shall do all acts that may be necessary or desirable to secure
such rights and to enable the Company effectively to bring suit to enforce such
rights.

 

11.5        Counterparts.  This Agreement may be executed in one or more
counterparts, which shall together constitute one agreement.

 

11.6        Successors
and Assigns.  The terms of this
Agreement shall bind, and shall inure to the benefit of, the successors and
assigns of the parties hereto.

 

11.7        Notice.  All notices, requests, demands and other
communications under this Agreement shall be in writing and shall be deemed
duly given:  (a) if delivered by
hand and signed for by the party addressee; or (b) if mailed by certified
or registered mail, with postage prepaid, on the third business day after the
mailing date.  Addresses for notice to
either party are as shown on the signature page of this Agreement or as
subsequently modified by written notice.

 

11.8        Governing
Law.  This Agreement shall be
governed exclusively by and construed according to the laws of the State of
Delaware, without giving effect to that body of laws pertaining to conflict of
laws.

 

11.9        Consent
to Jurisdiction.  The Company and
the Indemnitee each hereby irrevocably consent to the jurisdiction of the
courts of the State of Delaware for all
purposes in connection with any action or proceeding that arises out of or
relates to this Agreement.

 

11.10      Attorneys’
Fees.  In the event Indemnitee is
required to bring any action to enforce rights under this Agreement (including,
without limitation, the expenses of any Proceeding described in Section 1.3)
the Indemnitee shall be entitled to all reasonable fees and expenses in
bringing and pursuing such action, unless a court of competent jurisdiction
finds each of the material claims of the Indemnitee in any such action was
frivolous and not made in good faith.

 

11.11      Termination of Previous Agreement.  Upon execution of this Agreement by the
parties, the Company and the Indemnitee acknowledges and agrees that the
Indemnification Agreement between the Indemnitee and GHP Acquisition Corp., a
Delaware corporation, dated as of August 28, 2003, (the “GHP Agreement”) is
terminated as of the date of this Agreement and shall have no further force or
legal effect, provided that the Indemnitee will be entitled to all of the
benefits and rights accorded such party under the GHP Agreement with respect to
any Claims for any Indemnification Events arising from or related to events,
circumstances and actions or omissions which have occurred or which are alleged
to have occurred prior to the date of this Agreement.

 

10

 

IN WITNESS WHEREOF, the
parties hereto have entered into this Indemnification Agreement effective as of
the date first written above.

 

	
  IGN ENTERTAINMENT, INC.

  	
  INDEMNITEE:

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ [Company Signatory]

  	
   

  	
  /s/ [Indemnitee Name]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Name

  	
  [Company Signatory]

  	
   

  	
  [Indemnitee Name]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Address

  	
   

  	
   

  	
  Address:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

2

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