Document:

exv10w11

Exhibit 10.11

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

Waterfront Media, Inc.

45 Main Street

Brooklyn, NY 11201

As of November 7, 2005

J.M. Athletics, LLC

c/o ICM

8942 Wilshire Blvd.

Beverly Hills, CA 90211

Attention: Ms. Jillian Michaels

c/o Mr. Jason Pinyan

Dear Jillian:

     This letter agreement (the “Agreement”) is between Waterfront Media, Inc. (“Waterfront”) and
J.M. Athletics, LLC (“Licensor”) and sets forth the terms of Waterfront’s development, marketing
and distribution of a free and subscription-based website (the “Site”) and online newsletter(s)
(the “Newsletter(s)”) based upon, and using content from, Winning By Losing (the “Book”) by Jillian
Michaels (“Michaels”), those materials needed for the launch of the Site and Newsletter(s) listed
on Exhibit A attached hereto, and other material (including books, newsletters and other
publications and materials created in the future) relating to the Book, and Licensor’s and
Michaels’ work (the foregoing is referred to collectively in this Agreement as the “Content”).

     1. Grant of Rights:

          (a) Licensor hereby grants to Waterfront an exclusive, nontransferable (but sublicensable as
set forth in Section l(b)) worldwide license to use, distribute, display, publicly perform,
reproduce, develop, modify, adapt, prepare derivative works from, translate into all languages,
market and sell the Content as part of the Site and the Newsletter(s), which will be distributed,
accessible and/or downloadable in digital format, (i) via the Internet regardless of the means of
access, (ii) into software applications regardless of platform, (iii) in tangible form via CD-ROMs
(it being understood and agreed that the Content available on CD-ROMs will be substantially the
same as that available via the Internet), and (iv) in any other digital format or means of
transmission, whether now known or hereafter created. The uses described in the preceding sentence
will be referred to collectively in this Agreement as the “Service”.

          (b) Licensor hereby grants to Waterfront the right to sublicense its rights to the Content and
the Licensor’s Marks (as defined in Section 12(c) of this Agreement) to third parties in order to
promote the Service and/or to create opportunities to derive revenue. If fee-based revenue (as
opposed to a non-cash barter arrangement, for example) results from Waterfront’s sublicense of
Content and Marks, then Waterfront will pay Licensor a royalty pursuant to Section 8(b) of this
Agreement. In addition, Waterfront will have the right to syndicate Content to broad-based health
websites operated by Waterfront, so long as such Content includes attribution to Licensor and
a link to the Service and [ * ].

          (c) [ * ]

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          (d) Notwithstanding anything to the contrary in this Agreement (whether in Section l(a) or
otherwise), as between the parties hereto, [ * ].

     2. Term:

          (a) The initial term of this Agreement (the “Initial Term”) shall commence as of the date
hereof and, subject to termination as herein provided, shall continue for five (5) years from the
date of the hard launch of the Service (the “Launch”).

          (b) Waterfront will have the right to renew this Agreement for an additional five (5) year
period (the “Renewal Term”) (and together with the Initial Term, the “Term”), [ * ].
Notwithstanding the foregoing, [ * ], Waterfront has the right to renew the Agreement [ * ].

          (c) Licensor will have the right to terminate this Agreement [ * ].

          (d) Either party shall have the right to immediately terminate this Agreement, upon written
notice, in the event the other party files a petition in bankruptcy or is adjudicated as bankrupt
or insolvent, or makes an assignment for the benefit of creditors, or an arrangement pursuant to
any bankruptcy law, or discontinues its business or has a receiver appointed for its business and
such receiver is not discharged within one hundred eighty (180) days.

          (e) This Agreement may be terminated by either party upon [ * ] written notice to the other
party of a breach of a material provision of this Agreement by the other party, and the failure of
the breaching party to cure such breach within such [ * ] period.

          (f) Upon expiration or earlier termination of this Agreement, [ * ].

          (g) In the event of Michaels’ death or disability, if Waterfront concludes, in the exercise of
its reasonable judgment, that the business, operations and prospects of Michaels’ name and
reputation has been materially adversely affected by Michaels’ absence, then Waterfront will have
the option of (i) [ * ] or (ii) terminating this Agreement. If Michaels is adjudged or convicted or
pleads nolo contendere to a felony or of violating a law which subjects Michaels to public
ridicule, contempt or scorn, Waterfront will have the right to [ * ] and/or terminate this
Agreement upon written notice to Licensor.

     3. Development and Operation of the Service:

          (a) Waterfront will, at its sole cost and expense, develop, produce, publish, market, and
exploit the Service. Waterfront will, at its sole cost and expense, host, operate and maintain the
Site on, and distribute the Newsletters from, servers operated by or under the supervision of
Waterfront. In addition, Waterfront will host, operate and maintain transaction processing and
reporting functionality for the Service on servers
operated by or under the supervision of Waterfront.

          (b) Waterfront will make available web-based customer service functionality to respond to
site-related and billing inquiries from users of the Service to the same extent that it makes such
customer service

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

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available for users of other websites that Waterfront operates. Waterfront will
also make available telephone customer service during regular business hours to respond to billing
inquiries from paid subscribers of the Service, and such customer service will be provided in
accordance the same average level of service (with respect to, for example, response time and
length of call) that Waterfront provides to paying subscribers of other sites it operates.

          (c) Licensor will, at its expense, obtain, maintain and exclusively make available to
Waterfront www.jillianmichaels.com (and any other URLs that are mutually agreed upon from
time to time during the Term) for the Service (the “URL(s)”). Licensor will use reasonable efforts
to obtain www.winningbylosing.com, it being understood that Waterfront will have no
obligation to contribute to the cost of obtaining such URL, without its prior written approval. In
the event that such URL is obtained, Licensor will maintain and exclusively make it available to
Waterfront. Waterfront expressly acknowledges and agrees that Licensor owns the URL(s) and its or
their use will be governed by the terms set forth in Section 7 of this Agreement.

          (d) At Waterfront’s request, Licensor will furnish to Waterfront (in a digital format agreed
upon by the parties, if available to Licensor) copies of the Content and provide Waterfront with
reasonable access to and copies of any other materials related to the Content. Licensor will assist
Waterfront in its efforts to obtain, at its expense, materials related to the Content in digital
format from Harpers, Genesis, or any other entity that may have Content. If Licensor prepares
updates to the Content and/or to any material and information incorporated in the Service, Licensor
will furnish such updates to Waterfront within five (5) business days after they are finalized.

          (e) Licensor will make Michaels available for up to [ * ] to consult with Waterfront regarding
the development of the Site and the Newsletter(s) prior to the launch, and the preparation of
marketing materials; and, thereafter, for up to [ * ] to consult on the on-going production of the
Site and the Newsletter(s) and to actively participate in bulletin boards and online chats.
Licensor will have the right to designate a mutually agreed upon substitute for up to [ * ] of the
time set forth in the in the preceding sentence. For purposes of this Agreement, the term “Twelve
Month Period” shall refer to those periods during the Term, each of which commences as of the
Launch Date or the anniversary thereof and ending twelve months later on the day immediately
preceding the applicable anniversary of the Launch Date.

     4. Marketing of the Service:

          (a) Waterfront will develop, create the copy and place the online marketing campaign for the
Service. Waterfront will use such marketing means that it determines to be appropriate such as, by
way of example only, search marketing and display advertising inventory and other placements on,
and content syndication to, third party and Waterfront-operated websites and newsletters.
Waterfront will also have the right to conduct such offline marketing for the Service as it
determines to be appropriate, including use of the Content and the Licensor’s Marks for such
purpose. Waterfront’s use of Licensor’s Marks in marketing the Service will comply with Section 7
of this Agreement. Licensor will have the right to Approve (as defined in Section 5 of this
Agreement), online and offline marketing used to promote the Service.

          (b) [ * ]

     5. Approvals:

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

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          (a) Licensor will have Approval over all aspects of the Service (other than content supplied
by users or subscribers) which appears or is available to the user of the Service. During the
creation and development phases of the Service prior to the Launch, Waterfront will provide
Licensor, at Waterfront’s sole cost and expense, access to the Service for the purpose of obtaining
Approval. Specifically, Licensor will have the right to Approve: (i) the Site, prior to soft
launch; (ii) any substantial upgrade of the Site, prior to the commercial launch of such upgrade;
and, (iii) the template for each Newsletter and any substantial change in the design or layout
thereof, prior to its first publication (including first publication of the substantially changed
Newsletter design or layout). Waterfront will not, without Licensor’s Approval, depart in any
material respect from the quality, form or content previously Approved.

          (b) Approvals may be made by email (with hard copy confirmation) or fax. Either party shall
respond in writing to a request for Approval, when required under the terms of this Agreement, as
set forth in Section 5(a) or otherwise within five (5) business days of receipt of the request for
Approval. Approval shall not be unreasonably withheld or delayed. Failure by Licensor to provide
Approval (or to notify Waterfront of disapproval) as provided in the preceding sentence will be
deemed Approval. As used in this Agreement, the term “Approval” shall refer to the procedures set
forth in this Section 5.

          (c) Within ten (10) days after the date of this Agreement, Licensor will notify Waterfront in
writing of its designation of someone (or as may be subsequently designated from time to time
during the Term in a written notice to Waterfront) (the “Licensor Designee”) as the authorized
representative to give Approvals on behalf of Licensor and Waterfront acknowledges such
designation, and will have the absolute right to rely upon Approvals given by such person.

     6. Advertising. Waterfront will have the exclusive right to sell, insert and service
advertising that will be placed in the Newsletter(s) as well as in certain portions of the Site
(the “Advertising Inventory”). Waterfront may elect to use the Advertising Inventory to promote the
Service, the Book, Products (including the Licensor-branded Products) and other Waterfront operated
sites and services. Waterfront’s sale and placement of advertising in the Advertising Inventory
will be subject to Waterfront’s advertising policies, as may be in effect from time to time during
the Term. In addition, Waterfront will not sell advertising to competitors of the Service or any
major competitor of a sponsor of Licensor’s current or future television programs, all of which are
listed on Exhibit B attached to this Agreement, which may be amended by the parties on an
annual basis during the Term. Waterfront acknowledges and agrees that Licensor has the right to
endorse any other products or brands; provided, however, that Licensor shall not endorse any online
program, product or service.

     7. Use of Names and Marks:

          (a) Waterfront shall present and Licensor will Approve prior to any use, display, publication
or broadcast of Licensor’s name, Michaels’s name and likeness and any of Licensor’s Marks in
connection with the Service and the advertising, promotion and sale thereof; and, during the Term,
Licensor hereby grants Waterfront the non-exclusive worldwide right and license to use, display,
publish and broadcast the Marks and to authorize others to do so, and to grant sublicense(s) (in
accordance with Section l(b) of this Agreement) in connection with the Service and the advertising,
promotion and sale thereof. Any use shall otherwise be consistent with any written guidelines
provided by Licensor at any time during the Term governing the
quality, form and content of use of these Marks, it being acknowledged by Licensor that any uses on
which it has given its Approval under the terms of this Agreement (including the marketing copy and
campaigns pursuant to Section 7) shall be

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

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deemed to be consistent with Licensor’s guidelines.
Waterfront shall have the right to use the URL(s) in the manner set forth above and solely for the
purposes described in this Agreement. Waterfront’s license to use all of the above names,
likenesses, Marks and URLs will expire upon the expiration or termination of this Agreement, [ * ].
Waterfront acknowledges that Licensor owns Licensor’s Marks and will not at any time do or cause to
be done any act or thing contesting or in any way impairing or tending to impair any part of
Licensor’s right, title and interest in such Marks. Waterfront acknowledges that all use of
Licensor’s Marks by Waterfront or its sublicensees and the goodwill associated therewith shall
inure to the benefit of Licensor.

          (b) Waterfront will not: (i) modify, alter or obfuscate the Marks, brands or URL(s); (ii) use
them in a manner that disparages Licensor in an otherwise improper or deceitful manner; or (iii) or
use any trademark or domain name in any URL(s). Licensor acknowledges that any Approved uses shall
not be (i) a modification, alteration or obfuscation of the Licensor’s trademarks, brands or
URL(s), (ii) disparaging of Licensor, or (iii) otherwise an improper or deceitful manner of use.
Waterfront hereby acknowledges and agrees that it has no ownership of or rights to and hereby
expressly assigns to Licensor any goodwill that accrues as the result of Waterfront’s use of the
Licensor’s Marks, brands or URL(s).

     8. Royalties:

          (a) Waterfront will pay Licensor a royalty (the “Subscription Royalty”) on [ * ] in an amount
equal to [ * ] of Gross Service Revenues (as defined below) from the Service. The term “Service
Revenues” refers to those amounts [ * ]. In addition, Waterfront will pay Licensor [ * ]:

 [ * ]:                                       [ * ]:

[ * ]                                        [ * ]

[ * ]                                        [ * ]

[ * ]                                        [ * ]

          (b) Waterfront will pay Licensor a royalty (the “Advertising Royalty”) on [ * ] in an amount
equal to [ * ] of Gross Advertising Revenue. The term “Advertising Revenue” refers to those amounts
[ * ]. Notwithstanding anything to the contrary in the foregoing, Waterfront will pay Licensor [ *
] of the Gross Advertising Revenue that is shown to have been generated by the efforts of Licensor;
provided, however, that Licensor will not be entitled to receive this higher percentage of
Advertising Revenue from an advertiser with which Waterfront has an ongoing relationship (i.e.,
that within the [ * ] prior to Licensor’s introduction of such advertiser to Waterfront there has
been a business transaction between Waterfront and the advertiser).

          (c) (i) Waterfront will have the exclusive right to merchandise, market and sell products (the
“Products”) on the Service (including through post-subscription solicitations, advertising units,
email newsletters and online stores), including the Book and Licensor-branded products manufactured
by a third party (the “Licensor-branded Products”, occasionally referred to herein collectively as
part of the term “Products”), and Waterfront’s own products and services. Except as set forth in
this Section 8(c), Waterfront will pay Licensor a royalty (the “Products Royalty”) on [ * ] in an
amount equal to [ * ].

          (ii) If Waterfront chooses to fulfill purchases of Licensor-branded Products sold through the
Service, Licensor will make reasonable commercial efforts to cause the third party manufacturer(s)
to make available the full range of these products to Waterfront for purchase and resale, in such
quantities as Waterfront

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

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seeks to purchase, at the lowest wholesale price (and on the best terms)
given to any online distributor of such Licensor-branded Products. It is acknowledged and agreed
that Waterfront will have the right to offer such Licensor-branded Products for sale at such prices
as Waterfront, in its sole discretion, will determine.

          (d) Waterfront will make each payment of Subscription Royalties, Advertising Royalties and
Products Royalties within [ * ]. Waterfront will make payment of each [ * ] within thirty (30) days
following the end of the relevant calendar quarter [ * ].

     9. Accounting and Audit:

          (a) Waterfront will provide Licensor with quarterly statements showing all amounts owed to
Licensor, no later than thirty (30) days following the end of each calendar quarter during the
Term.

          (b) Upon reasonable notice, Licensor will have the right once each such Twelve Month Period
(and one (1) time within six (6) months after the expiration or earlier termination of this
Agreement), at its sole expense, to appoint an independent accounting firm to examine the books and
records of Waterfront with respect to statements provided to Licensor; and in the event such
independent accounting firm determines that there is a discrepancy of [ * ] or more in favor of
Licensor, Waterfront will also pay the reasonable out-of- pocket cost of such audit, in addition to
paying the amount due.

     10. Ownership of Materials and User Data:

          (a) Licensor hereby agrees that Waterfront will own all right, title and interest (including
copyright) in and to the Service, [ * ]. The term “New Content” will refer to materials created
jointly by Licensor and Waterfront for use on the Service. [ * ].

          (b) Licensor acknowledges and agrees that any software, and technology utilized in connection
with the Service (collectively, the “Waterfront Materials”) are owned solely by Waterfront and that
Licensor does not have, nor shall ever claim, any right in and to the Waterfront Materials. For the
avoidance of doubt, nothing herein shall be construed to prohibit Waterfront from using the
Waterfront Materials in any manner or for any purpose.

          (c) Licensor acknowledges that users will supply content to the Service (such as Q&A questions
and message-board postings) and Licensor and Waterfront jointly will create responses to such
user-supplied content (collectively, the user-supplied content as well as the response content
supplied by Licensor and Waterfront are referred to as the “User-Derived Content”). [ * ].

          (d) All user and subscriber data generated in connection with the Service, as well as data
generated by purchasers of the Products, including Licensor-branded Products, through the Service
(the “Subscriber Data”) [ * ].

     11. Promotional Activities:

          (a) During the Term, the Service will be the sole official and authorized source of
information and content from or relating to the Book, the Content, Michaels or Licensor available
online, [ * ] and

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

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except as otherwise Approved by Waterfront. Licensor will not, and will ensure
that Michaels will not, directly or indirectly support, provide material of any type to [ * ],
promote or mention any other website or online presence, without prior Approval of Waterfront.
Notwithstanding anything to the contrary in the foregoing:

     (i) Waterfront acknowledges and hereby Approves Michaels (and Licensor’s) involvement
with and presence on the promotional website owned and operated by NBC Universal relating to
its television show, The Biggest Loser (www.nbc.com/The_Biggest_Loser) (the “NBC Website”)
for the show airing Fall/Winter 2005. Such presence will include limited content attributed
to Michaels, Michaels’ likeness, and video and audio clips from the television show. In
addition, Waterfront acknowledges that Licensor may do occasional, infrequent web chats as
part of her duties for the NBC Website. Licensor and Michaels will use reasonable commercial
efforts to promote the Service on and through the NBC Website. [ * ].

     (ii) Waterfront acknowledges and hereby Approves Michaels (and Licensor’s) involvement
with the website, The Biggest Losers’ Club (www.biggestlosersclub.com) (the “Club Site”) as
of the date hereof through December 31, 2005 in connection with the television show and book
of the same name. However, beginning on January 1, 2006, Michaels will have no presence on
the Club Site, will no longer participate in any community applications (bulletin boards or
web chats) or answer questions on the Club Site, nor will her likeness, name, voice, or any
other name or element associated with Michaels or Licensor be used in the marketing or
promotion of the Club Site, whether online or offline. In addition, Licensor will not
participate in any online subscription program in the future relating to or using material
from The Biggest Loser television show.

     (iii) Waterfront acknowledges and hereby Approves the marketing and sale of
Licensor-branded Products on websites operated by online retailers; provided, however, that
(x) [ * ]; and, (y) Licensor will use reasonable commercial efforts to cause such websites
to include one or more links to the Service and, where appropriate, to facilitate a
relationship between Waterfront and such third party websites to become affiliates of the
Service under which such websites will be paid a bounty for any paying subscriber the third
party introduces to the Service, on terms mutually satisfactory to Waterfront and such third
parties.

          (b) At Waterfront’s request, Licensor will make Michaels available for up to [ * ], for
purposes of providing publicity for the Service and to appear at promotional events; it is
understood and agreed that the dates will be subject to Michaels’ professional availability and
will be mutually agreed upon.

          (c) Licensor will cause Michaels to use reasonable commercial efforts to promote the Service
and mention the URL in future publications, press releases and other publicity about Licensor, as
appropriate.

     12. Reservation of Rights:

          (a) All rights in the Content, except those specifically granted to Waterfront hereunder, are
the sole and exclusive property of Licensor and Waterfront hereby expressly waives any right in or
to the Content except as otherwise provided in this Agreement.

          (b) Licensor acknowledges that Waterfront shall have the right to include Waterfront branding

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

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as part of the Service; it being specifically understood and agreed that Waterfront may include
(without Approval) an industry-standard “Powered by Waterfront Media” credit, or such other similar
language.

          (c) Each party acknowledges and agrees that: (i) the logos, titles, trade names, trademarks,
URLs and servicemarks (collectively, the “Marks”) of the other party are and shall remain the sole
and exclusive property of that party; (ii) nothing in this Agreement will confer in either party
any right of ownership in the other party’s Marks; and (iii) the validity of the Marks of either
party will not now or in the future be contested by the other party.

          (d) Licensor acknowledges and agrees that Waterfront presently engages in the development,
distribution and marketing of paid online subscription products and services other than the
Service, and that nothing in this Agreement shall be construed to prohibit or interfere with
Waterfront’s right to continue to do so.

     13. Confidentiality:

     Each party shall treat as confidential and proprietary all information provided to it (the
“recipient”) by the other party (the “discloser”) in connection with this Agreement (including,
without limitation, aggregate and personally identifying information relating to the Service users
and subscribers, the Subscriber Data, business, sales and marketing plans, programs and results,
this Agreement and the terms and conditions hereof), except for information (i) which is or becomes
publicly available other than through the fault of the recipient, (ii) the disclosure of which is
compelled by process of law (in which case the recipient will so notify the discloser and cooperate
with the discloser, at its request and expense to protect disclosure of the information), (iii)
which the recipient already had in its possession at the time of disclosure, or (iv) which the
recipient independently obtains from a third party having no duty or obligation to keep such
information confidential, and will not disclose such information to any third parties without the
prior written consent of the discloser party or as otherwise provided for in this Agreement.

     14. Representations and Warranties; Indemnities; Insurance:

          (a) Licensor represents and warrants that: (i) it has the right and authority to enter into
this Agreement, to make the grant of rights to Waterfront as set forth herein, and to make Michaels
available as provided herein; (ii) neither Licensor’s entry nor its performance of this Agreement
will infringe the rights of any third parties; (iii) the Content is solely and exclusively owned by
Licensor or under exclusive license to Licensor throughout the world and Waterfront’s incorporation
of the Content (and any other material provided by Licensor) into the Service will not violate or
infringe upon the copyright, trademark, rights of privacy or any other rights whatsoever of any
third parties; (iv) the entry by Licensor into this Agreement does not violate any other agreement
by which Licensor is bound, and the execution and delivery of this Agreement does not, and the
consummation of the actions contemplated in this Agreement (including the grant of the licenses and
the obligations of Michaels hereunder) will not conflict with any agreement, license or other instrument or. understanding
to which Licensor is a party, or by any judicial decree, order or provisions of law by which
Licensor, Michaels, the Content or the Licensor’s Marks is bound or subject; and (v) the Content
will not contain any statement (or fail to contain a statement) that could cause personal injury or
property damage. Licensor will defend, indemnify and hold Waterfront harmless from any and all
third party claims, damages, liabilities, cost or expenses, including reasonable attorneys’ fees
and expenses, incurred by Waterfront by reason of any breach, or an allegation which if true would
constitute a breach, of the foregoing warranties and representations or any of Licensor’s
obligations and agreements under this Agreement.

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

8

 

          (b) Waterfront represents and warrants that: (i) it has the right and authority to enter into
this Agreement; (ii) neither Waterfront’s entry nor its performance of this Agreement will infringe
the rights of any third parties; (iii) the Waterfront Materials and all material incorporated into
the Service that originates with Waterfront (but not including material that originates with
Licensor, the New Content, the User-Derived Content or any other material that originates with
Service users and subscribers), will not violate or infringe upon the copyright, trademark, rights
of privacy or any other rights whatsoever of any third parties; and, (iv) the entry by Waterfront
into this Agreement does not violate any other agreement by which Waterfront is bound, and the
execution and delivery of this Agreement does not, and the consummation of the actions contemplated
in this Agreement (including the grant of the licenses) will not conflict with any agreement,
license or other instrument or understanding to which Waterfront is a party, or by any judicial
decree, order or provisions of law by which Waterfront and the Waterfront Materials is bound or
subject. Waterfront will defend, indemnify and hold Licensor harmless from any and all third party
claims, damages, liabilities, cost or expenses, including reasonable attorneys’ fees and expenses,
incurred by Licensor by reason of any breach, or an allegation which if true would constitute a
breach of the foregoing warranties and representations, obligations and agreements of Waterfront
under this Agreement.

          (c) The party seeking indemnification protection under paragraphs (a) and (b) of this Section
14 (the “Defended Party”) will: (i) give the party who is obligated to defend, indemnify and hold
harmless (the “Defending Party”) notice of the existence of a claim for which it is seeking
indemnification (a “Claim”), provided that no failure to notify the Defending Party of a Claim will
relieve the Defending Party of its indemnification obligations except to the extent that the
Defending Party is materially prejudiced by such failure, (ii) cooperate with the Defending Party,
at the Defending Party’s expense, in the defense of such Claim, and (iii) give the Defending Party
the right to control the defense and settlement of any such Claim, except that the Defending Party
will not enter into any settlement, other than for money damages for which the Defended Party will
be fully indemnified, without the Defended Party’s prior written approval (not to be unreasonably
withheld or delayed). The Defended Party may participate in the defense at its expense, with
counsel of its choosing.

          (d) During the Term, [ * ], Waterfront will maintain a comprehensive general liability
insurance policy and an errors and omissions policy with minimum limits of [ * ], with Licensor
being named as an additional insured under Waterfront’s policies. Waterfront will provide Licensor
with a certificate verifying placement and maintenance of the required insurance and showing
Licensor as an additional insured party under such insurance. Waterfront will provide thirty (30)
days written notice to Licensor of cancellation of insurance, intent not to renew or any material
change in coverage.

     15. Disclaimer of Warranties: EXCEPT FOR THE LIMITED WARRANTIES SPECIFICALLY SET FORTH
IN THIS AGREEMENT, NEITHER OF THE PARTIES MAKES ANY WARRANTIES, EXPRESS, IMPLIED OR STATUTORY
INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR
FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE SERVICE OR THE DISTRIBUTION THEREOF.

     16. Loss of Data/Interruption of Distribution: Limitation of Liability: WATERFRONT
WILL NOT BE LIABLE TO LICENSOR FOR ANY LOSS OF DATA OR INTERRUPTION OF THE DISTRIBUTION OF THE
SERVICE FOR ANY REASON BEYOND ITS CONTROL, AND SUCH LOSS OF DATA OR INTERRUPTION OF THE
DISTRIBUTION OF THE SERVICE WILL NOT BE DEEMED A BREACH OF THIS

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

9

 

AGREEMENT. IN NO EVENT WILL
WATERFRONT BE LIABLE FOR ANY SPECIAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF ANY LOSS OF DATA OR
INTERRUPTION OF THE DISTRIBUTION OF THE SERVICE, EVEN IF WATERFRONT HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES.

     IN NO EVENT WILL WATERFRONT OR LICENSOR BE LIABLE FOR SPECIAL OR CONSEQUENTIAL DAMAGES ARISING
OUT OF A BREACH OF THIS AGREEMENT, EVEN IF THE PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES, PROVIDED THAT THE FOREGOING SHALL NOT APPLY TO ANY OF A PARTY’S INDEMNIFICATION
OBLIGATIONS UNDER SECTION 14 OF THIS AGREEMENT, FOR A BREACH OF SECTION 13 OF THIS AGREEMENT OR IN
THE EVENT OF A PARTY’S WILLFUL MISCONDUCT, GROSSLY NEGLIGENT CONDUCT OR ABANDONMENT OF THIS
AGREEMENT.

     17. Arbitration:

     Any and all disputes arising out of or in connection with this Agreement, its interpretation
or performance, shall be submitted to arbitration before a single arbitrator in New York City under
the then-current rules and regulations of the Judicial Arbitration and Mediation Service. The
prevailing party shall be entitled to recover its reasonable attorney fees and costs incurred in
any such proceeding.

     18. Payments and Notices:

          (a) All payments, statements and notices to Licensor hereunder will be sent to ICM, 8942
Wilshire Blvd., Beverly Hills, CA 90211, Attention: Jason Pinyan.

          (b) All payments, statements and notices to Waterfront hereunder will be sent to the attention
of the Chief Financial Officer at the address set forth on the first page of this Agreement. Each
party may, by written notice to the other party, hereafter designate a different address for
receipt of such payments, statements and notices, as applicable.

          (c) All notices hereunder shall be made in writing and delivered personally or sent by
certified mail, return receipt requested. Such notices may also be sent by facsimile to such number
as a party may specify by written notice to the other party so long as proof of confirmation is
maintained. Notices sent via certified mail shall be deemed given three (3) days after deposit in
the mail, properly addressed and bearing proper postage; facsimile notices or those made personally
shall be deemed given when made. All requests for Licensor Approval hereunder may be rendered by
E-mail or any other means approved by the Licensor Designee for Approval.

     19. General:

          (a) Entire Agreement. This Agreement contains the entire understanding of the parties
with respect to the subject matter hereof, and supersedes any and all prior agreements,
understandings, promises and representations made by either party to the other concerning the
subject matter hereof and the terms applicable hereto. This Agreement may not be changed orally,
but only by an agreement in writing signed by the party against whom enforcement of any waiver,
change, modification, extension or discharge is sought. Waiver of any breach or

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

10

 

failure to enforce
any term of this Agreement shall not be deemed a waiver of any breach or right to enforce which may
thereafter occur. If any provision of the Agreement is held to be invalid or unenforceable, the
remaining provisions hereof shall not be affected.

          (b) Choice of Law. Regardless of its place of physical execution or performance, the
Agreement shall be construed and enforced in accordance with the laws of the State of New York and
without regard to the principles of conflicts of law.

          (c) Force Majeure. A party’s performance (other than payment) is excused to the extent
it is interfered with by an external condition beyond a party’s reasonable control and the
obligations and rights of the party so excused shall be extended on a day-to-day basis for the
period of time equal to that of the underlying cause of the delay, provided that in the event that
either party is unable within one hundred and twenty (120) consecutive days of the force majeure
event to provide the same or comparable services in full compliance with this Agreement, then the
other party may terminate this Agreement upon written notice.

          (d) Joint Venture. Nothing contained in this Agreement shall be construed to
constitute the parties to be partners or joint venturers with or agents for one another. Neither
party shall have the authority to, nor shall either, obligated or bind the other in any manner
whatsoever, except as may be otherwise specifically provided in this Agreement.

          (e) Assignment. Neither party may assign or transfer this Agreement or any of its
rights or duties hereunder without Approval of the other party; provided, however that Waterfront
may assign or transfer this Agreement by merger, or acquisition or in connection with a
reorganization or sale of all or substantially all of Waterfront’s assets. This Agreement is
binding upon and inures to the benefit of the parties and their respective successors, licensees
and permitted assigns.

          (f) Public Announcement. Neither party will issue any public announcement relating to
this Agreement, the transactions contemplated herein or using the name or any of the Marks
belonging to the other party, or Michaels’s name, without the prior written consent of the other
party.

          (g) Essential Services. Licensor acknowledges that it is essential that Michaels
perform the services set forth in this Agreement. Accordingly, Licensor will make Michaels
available to perform such services.

          (h) Survivability. The following Sections of this Agreement will survive expiration or
earlier termination of this Agreement: 2(d), 2(f), 7, 9, 10, 12, 13, 14, 15, 16, 17, 18 and 19.

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

11

 

      Please acknowledge Licensor’s acceptance of the foregoing by signing below and
returning a copy to me.

	 	 	 	 	 
	 	Sincerely,

WATERFRONT MEDIA, INC.

 	 
	 	By:  	/s/ Michael Keriakos
 	 
	 	 	Name:  	Michael Keriakos 	 
	 	 	Title:  	EVP 	 
	 

Agreed and accepted:

J.M. ATHLETICS, LLC

By: /s/ Jillian Michaels

Name: Jillian Michaels

Title: President

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

12

 

EXHIBIT A

MATERIALS FOR LAUNCH

Formats

	 	•	 	Except where noted, all copy should be delivered in digital form.
	 
	 	•	 	Content should be provided in MS Word and/or MS Excel format
	 
	 	•	 	Logo / Art should be provided in the highest resolution digital format (not less than 72
dpi — jpg for photos and .gif for logos or flat color graphic images)
	 
	 	•	 	Databases should be provided in a text delimited file format

Content

	 	•	 	Final edited book(s)
	 
	 	•	 	Hard copies (5) of book(s)
	 
	 	•	 	Existing site(s) content, email newsletter archives
	 
	 	•	 	Updates to the program (since last printing)
	 
	 	•	 	Meal plan and/or fitness plan and guidelines
	 
	 	•	 	Recipes/Exercises
	 
	 	•	 	Q&A’s and tips, glossary, checklists, etc.
	 
	 	•	 	Testimonials, success stories (with photos if any); including releases
	 
	 	•	 	Author biography
	 
	 	•	 	Lecture / event schedule
	 
	 	•	 	Press Releases
	 
	 	•	 	Editorial Style Guide

Logo/Art

	 	•	 	Logos in vector format (ai, or .eps)
	 
	 	•	 	Logo and brand style guide
	 
	 	•	 	Photos of book(s)
	 
	 	•	 	Photos of Author
	 
	 	•	 	Photos from book(s)
	 
	 	•	 	Photos from site(s)
	 
	 	•	 	Author signature
	 
	 	•	 	Food photos
	 
	 	•	 	Exercise photos
	 
	 	•	 	People photos

Other Assets

	 	•	 	Video Assets (if any)
	 
	 	•	 	Marketing

	 	•	 	Tear Sheet
	 
	 	•	 	Stats
	 
	 	•	 	Competitive analysis
	 
	 	•	 	Marketing Claims (with research to support such claims)

	 	•	 	Existing Member Database (if any)
	 
	 	•	 	Email Newsletter — historical stats and reporting
	 
	 	•	 	Press kit; communications plan; samples of advertising and promotion
	 
	 	•	 	Catalogs

[
* ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the
Securities Act of 1933, as amended.

13

 

EXHIBIT B

PROHIBITED ADVERTISERS

Except for those companies and/or products specifically named below, or unless otherwise Approved
by Licensor, the following are categories of prohibited advertisers:

Diet (no-cal or low-cal) beverages, other than [ * ]

Gyms, other than [ * ]

Cereals, other than [ * ]

Fast-food restaurant chain specializing in chicken, other than [ * ]

Themed chain restaurants, other than [ * ]

Gelatin food, other than [ * ]

[ * ] = 
Certain confidential information contained in this document, marked by brackets, has been omitted and filed
separately with the Securities and Exchange Commission pursuant to
Rule 406 of the Securities Act of 1933, as amended.

14

 

EXHIBIT C

LICENSOR BRAND

To be supplied by Licensor when available

[ * ] = 
Certain confidential information contained in this document, marked by brackets, has been omitted and filed
separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

15

 

First Amendment to the

Letter Agreement

Between

Waterfront Media Inc. and

J.M. Athletics, LLC

This First Amendment (“Amendment”) amends and modifies the letter agreement (the “Agreement”) made
effective as of November 5, 2005 by and between J.M. Athletics, LLC (“Licensor”) and Waterfront
Media Inc. (“Waterfront”). The parties enter into this Amendment on or about May 12, 2009 (the
“Amendment Effective Date”). All defined terms in this Amendment have the meaning given to them in
the Agreement unless otherwise defined in this Amendment.

In consideration of the mutual promises and covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is acknowledged by the Parties, J.M.
Athletics, LLC, Empowered Media, LLC and Waterfront agree to amend the Agreement as follows:

          (a) Payments and Notices. Delete paragraph 18(a) and replace with the following: All
payments, statements and notices to Licensor hereunder will be sent to:

Payable to: Empowered Media, LLC

Sent to:

Tanner Mainstain Blatt & Glynn

10866 Wilshire Boulevard

Los Angeles, CA 90024

Attn: Steven Blatt

          (b) Assignment of Agreement. The Agreement is hereby assigned by J.M. Athletics, LLC
to Empowered Media, LLC. Notwithstanding any such assignment, the parties reiterate subparagraph
19(g) and confirm that the services provided, including the Advertising Services, are essential
services and will be performed by Jillian Michaels.

in witness whereof, the Parties have caused their respective representatives to
execute this Amendment as of the Amendment Effective Date.

	 	 	 
	J.M. Athletics, LLC

	 	Waterfront Media, Inc.
	 
	 	 
	Signature: /s/ Jillian Michaels

	 	Signature: /s/ Alan Shapiro
	Name: Jillian Michaels

	 	Name: Alan Shapiro
	Title: President

	 	Title: SVP and General Counsel
	 
	 	 
	Empowered Media, LLC
	 	 
	 
	 	 
	Signature: /s/ Jillian Michaels
	 	 
	Name: Jillian Michaels
	 	 
	Title: Chair person
	 	 

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the
Securities Act of 1933, as amended.

 

 

Second Amendment to the

Letter Agreement

Between

Waterfront Media Inc. and

Empowered Media, LLC

This Second Amendment (“Amendment”) amends and modifies the letter agreement (the “Agreement”)
made effective as of November 7, 2005 that was originally between J.M. Athletics, LLC and
Waterfront Media Inc. (“Waterfront”). The Agreement was assigned by J.M. Athletics, LLC to
Empowered Media, LLC (“Licensor”) on or about May 12, 2009. The parties enter into this Amendment
on or about November 6, 2009 (the “Amendment Effective Date”). All defined terms in this Amendment
have the meaning given to them in the Agreement unless otherwise defined in this Amendment.

Whereas, Waterfront, in its performance of the Agreement, has received requests to make Jillian
Michaels (“Talent”), her name, likeness and voice available to third party advertisers for special
online advertising campaigns;

Whereas, the parties desire that Waterfront be able to make Jillian Michaels (the “Talent”), her
name, likeness and voice available to third party advertisers for special advertising campaigns;

Whereas, the parties desire to amend the operational and financial terms under which Talent may
refer third party advertisers to Waterfront;

In consideration of the mutual promises and covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is acknowledged by the Parties, Licensor and
Waterfront agree to amend the Agreement as follows:

          (a) Right to market and sell Talent’s services, name, likeness and voice. Insert a
paragraph 1(e) as follows: Subject to all of the terms and conditions set forth in this Agreement,
Licensor hereby agrees that Waterfront is granted a non-exclusive right to market Talent’s
services, name, likeness and voice in association with third party advertising campaigns only as
and to the extent approved by Licensor (collectively, the “Talent Services and Rights”). Prior to
offering Talent Services and Rights, Waterfront first must present to Licensor the name of the
proposed advertiser and any creative elements for such campaign. The fees that Licensor will
charge any third party advertiser will be the fees agreed upon by Licensor and the advertiser in
negotiations conducted by Waterfront on Licensor’s behalf and guidance. Such fees may include the
Talent Service and Fees set forth in Schedule 1. Licensor may approve third party advertising
campaigns in its sole, complete discretion and will enter into an agreement for the Talent Services
and Rights directly with the advertiser at its own discretion.

          (b) Effect of Termination. Renumber paragraph 2(g) as 2(h) and insert a new paragraph
2(g) as follows: “Upon termination of the Agreement for any reason, Waterfront’s right to market
the Advertising Services and Rights will terminate. Notwithstanding any such termination, any
licenses or rights granted to any third party advertiser in the Talent’s services, name, likeness
or voice will continue for the period of time established in the agreement between Licensor and the
third-party advertiser.

          (c) Referrals. Delete the last sentence of Paragraph 8(b) beginning with
“Notwithstanding...” and ending with “...between Waterfront and the advertiser.)” Enumerate current
8(b) as 8(b)(i); in 8(b)(i) replace the phrase “Advertising Revenue” with “Gross Advertising
Revenue”. Insert an 8(b)(ii) as follows: “Licensor shall have the opportunity to refer its
licensing, endorsement, or other contractual partners to Waterfront for the purpose of advertising
on the Service. Any Approved Advertiser (as defined below) will be extended the following discounts
on the then current JillianMichaels.com Rate Card Rate (as defined in Attachment 3):

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed
separately with the Securities and Exchange Commission pursuant to
Rule 406 of the Securities Act of 1933, as amended.

 

 

	 	 	 	 	 	 	 	 	 
	 	[ * ]

	 	 	[ * ]
	 	 	[ * ]	 
	 	[ * ]

	 	 	[ * ]
	 	 	[ * ]	 
	 	[ * ]

	 	 	[ * ]
	 	 	[ * ]	 
	 	[ * ]

	 	 	[ * ]
	 	 	[ * ]	 
	 

If any such Approved Advertiser enters into an agreement with Waterfront for the
purchase of advertising on the Service, in addition to the royalty set forth in
8(b)(i), during the Term Licensor will receive a referral royalty (“Referral Royalty”)
as follows: [ * ].

in witness whereof, the Parties have caused their respective representatives
to execute this Amendment as of the Amendment Effective Date

	 	 	 
	Empowered Media, LLC

	 	Waterfront Media Inc.
	 
	 	 
	Signature /s/ Jillian Michaels

	 	Signature: /s/ Alan Shapiro
	 
	 	 
	Name : Jillian Michaels

	 	Name : Alan Shapiro
	 
	 	 
	Title: [ILLEGIBLE]

	 	Title: SVP and General Counsel

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed
separately with the Securities and Exchange Commission pursuant to
Rule 406 of the Securities Act of 1933, as amended.

2

 

Schedule 1

Except as otherwise may be agreed upon, Licensor will be paid as follows for the
Talent Services and Rights:

(a) Day Rate: for the performance of the Talent services (i.e., time spent
developing marketing assets for a third party advertising campaign such as a photo
shoot, video taping and satellite media tour), Licensor will be paid a fee certain for
any 8 hour period that occurs during a calendar day (the “Day Rate”). The amount of
the Day Rate will be as follows:

          (i) in the event that the total fees (i.e., the Advertising Royalty, the
Referral Royalty, the Day Rate and the Talent Royalties) due Licensor for the initial
order of any third party advertising campaign are less than [ * ], Licensor will be
paid a Day Rate of [ * ];

          (ii) in the event that the total fees (i.e., the Advertising Royalty, the
Referral Royalty, the Day Rate and the Talent Royalties) due Licensor for the initial
order of any third party advertising campaign are greater than [ * ], Licensor will be
paid a Day Rate of [ * ].

(b) Talent Royalties: Licensor will be paid royalties for the third party
advertiser’s use of the Talent’s name, likeness and voice as set forth in Paragraph
8(b)(i) of the Agreement [ * ].

(c) Expenses: In addition to the Day Rate and the Talent Royalties, Licensor
will be reimbursed for all reasonable, pre-approved expenses incurred by Talent in the
performance of the Talent Services. These expenses are expected to include travel and
accommodations, make-up and hair styling, and wardrobe.

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed
separately with the Securities and Exchange Commission pursuant to
Rule 406 of the Securities Act of 1933, as amended.

3

 

Schedule 2

(WATERFRONT MEDIATM LOGO)

advertising referral form

	 	 	 
	Referrer: EMPOWERED MEDIA

	 	Effective Date:
	 
	 	 
	 	 	 
	Referred Advertiser:

	 	Includes Talent Services:     yes o        no o
	 
	 	 
	 	 	 

Date of Agreement between Referrer and Waterfront (the “Agreement”): November [ ], 2009

 

Anticipated Sales Cycle: from the Effective Date through [insert date]

 

Approximate size of opportunity: From $                     to $                    

 

Description of Opportunity:

 

Description of Talent Services (if any):

 

Tasks to be performed by Referrer during sales cycle, if any:

 

Point of Contact for Referrer:

 

	 	 	 
	Name:

	 	Phone
	 

	 	 
	Title:

	 	Email:
	 	 	 
	Street Address:

	 	Fax:
	
 

 
	 	 
	 

	 	 
	City, State ZIP:
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	Point of Contact for Referred Advertiser:
	 	 
	
 

 
	 	 
	 

	 	 
	Name:

	 	Phone
	 

	 	 
	Title:

	 	Email:
	 

	 	 
	Street Address:

	 	Fax:
	
 

 
	 	 
	 

	 	 
	City, State ZIP:
	 	 
	 

	 	 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

4

 

By accepting this Referred Advertiser, Waterfront Media agrees to pay Referrer the
applicable Referred Royalty set forth in the Agreement if: (a) Referrer completes the
tasks listed above and (b) Waterfront Media and the Referred Advertiser both sign an
advertising insertion order or similar agreement within the Anticipated Sales Cycle.

	 	 	 	 	 	 	 	 	 	 	 
	(WATERFRONT MEDIATM LOGO)	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	Signature:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

5

 

Schedule 3

The JillianMichaels.com Rate Card Rate means the following

For calendar years 2009-2010: [ * ].

For all other years, the rates as made available by Waterfront.

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

6

 

Third Amendment to the

Letter Agreement

Between

Waterfront Media Inc. and

Empowered Media, LLC

This Third Amendment (“Amendment”) amends and modifies the letter agreement (the “Agreement”) made
effective as of November 7, 2005 that was originally between J.M. Athletics, LLC and Waterfront
Media Inc. (“Waterfront”). The Agreement was assigned by J.M. Athletics, LLC to Empowered Media.
LLC (“Licensor”) on or about May 12, 2009. The parties enter into this Amendment as of November 6,
2009 (the “Amendment Effective Date”). All defined terms in this Amendment have the meaning given
to them in the Agreement unless otherwise defined in this Amendment.

Whereas, Licensor has relationships with media and marketing companies that are in a position to
drive new subscribers to the Service;

Whereas, the parties desire to create payment provisions that will provide Licensor with
additional incentives to exploit its relationships with these companies to drive new subscribers
to the Service:

In consideration of the mutual promises and covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which is acknowledged by the Parties, Licensor and
Waterfront agree to amend the Agreement as follows:

     I. Definitions

(a) “Banner Ads” are interactive advertisements created by Waterfront that: (A) promote the
Service; (B) that link to the Service; and (C) include a pixel or other tracking device provided by
Waterfront that allows Waterfront to determine that the user who clicked on the advertisement
should be credited to Licensor and the particular Licensor Partner.

(b) “Dedicated URL” means a URL provided by Waterfront to Licensor that allows Waterfront
to determine that the user who arrives from that URL should be “credited” to Licensor and the
particular Licensor Partner.

(c) “Insert” means a page, circular, postcard or other advertisement provided by Waterfront
to Licensor to be inserted within the pages or packaging of the Promotional Vehicle. The Insert
creative will be created solely by Waterfront and will contain a promotional code that will allow
Waterfront to identify the recipient as having received the Insert via the Promotional Vehicle.

(d) “Licensor Partner” means an entity that enters into a Marketing Agreement with
Licensor.

(e) “Licensor Partner Registration Form” means the form attached hereto as Attachment A
that Licensor will complete and submit prior the commencement of any promotion by any Licensor
Partner. The Registration Form will be used to register a Licensor Partner and any promotions by
the applicable Licensor Partner. Accordingly, there may be several Licensor Partner Registration
Forms for a single Licensor Partner.

(f) “Paid Subscriber” means any person who becomes a paying member of the Service after
linking directly to the Service via the Dedicated URL, promotional code, or Banner Ad and who does
not cancel within the initial thirteen week period not including any free promotional period. Paid
Subscribers shall not include any individual who is an illegitimate subscriber to the Service,
including users who provide fraudulent credit card information.

(g) “Marketing Agreement” means a written, enforceable agreement between Licensor and any
Licensor Partner pursuant to which Licensor Partner is granted a license to promote the Service in
compliance with this Amendment and contains the provision set forth in Section ll(d) and (e).

(h) “Promotional Links” means hyper links proximately located to text that promotes the
Service and contains either a tracking code provided by Waterfront or the Dedicated URL that allows
Waterfront to identify the recipient as having been directed to the Service by the applicable
Licensor Partner.

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

 

 

(i) “Promotional Materials” mean the Banner Ad creative, Insert creative and/or promotional
copy created exclusively by Waterfront and approved by Licensor that will be used by Licensor
Partner to promote the Service.

(j) “Promotional Vehicle” means the Licensor Partner publication, website or product that
is used to promote the Service through Banner Ads, Inserts or Promotional Links.

(k) “Promotional Period” means the period of time between the Promotion Start Date and the
Promotion End Date indicated in the applicable Insertion Order.

     II. Obligations of Empowered Media

     (a) At its discretion, Licensor will enter into Marketing Agreements. For the avoidance of
doubt, the parties state that Waterfront will not be a party to these marketing agreements and that
Empowered Media will be acting on its behalf and not as an agent of Waterfront. Waterfront will
have no obligation to any Licensor Partner.

     (b) For each Licensor Partner and/or each promotion conducted by each Licensor Partner.
Licensor will submit the Licensor Partner Registration Form attached hereto as Attachment A no less
than thirty (30) days before the beginning of the applicable promotion. Waterfront reserves the
right to approve any and all Licensor Partners and Licensor Partner Registration Forms, such
approval not to be unreasonably delayed or withheld. Waterfront will review any Licensor Partner
Registration Form within ten (10) business days of its submission.

     (c) Licensor will promptly forward to the applicable Licensor Partner the applicable Dedicated
URL and Promotional Materials described in the Licensor Partner Registration Form. Licensor
acknowledges that Waterfront will not be able to track any Paid Subscribers for any particular
campaign unless and until the Licensor Partner Registration Form is submitted.

     (d) The following provisions will be included in any Marketing Agreement:

          (i) The scope of any license granted to Licensor Partner to promote the Service will be
limited to use of the Promotional Materials and solely as described in the Licensor Partner
Registration Form.

          (ii) The Promotional Vehicle will not contain: (A) profanity, sexually explicit materials,
hate material, material that promotes violence, discrimination based on race, sex, religion,
nationality, disability, sexual orientation, age, or family status, or any other material deemed
unsuitable or harmful to the reputation of Waterfront or Licensor; (B) illegal activities or
advice; (C) deceptive acts or practices; (D) any defamation or violate the right of any third party
including any infringement of any intellectual property right or any right of privacy or publicity;
or (D) activities generally understood as Internet abuse, including but not limited to the sending
of unsolicited bulk electronic mail or the use of spyware. Any such content will be called
“Prohibited Content”. Waterfront retains the right to revoke its approval of any Licensor Partner
or prohibit the distribution of Promotional Materials related to the Service in the event that any
Promotional Vehicle contains Prohibited Content.

          (iii) A provision that makes clear that Waterfront Media will not be responsible for the
costs associated with any Promotional Materials (e.g. the printing costs associated with Inserts).

          (iv) The Services are made available to Licensor Partner “AS IS” and Waterfront (and at the
discretion of Licensor, Licensor) disclaim all warranties, express and implied related to the
Services.

          (v) Licensor Partner will indemnify, defend and hold Waterfront harmless for any third party
claim based upon the Promotional Vehicle (excluding any claim that the Promotional Materials
infringe any intellectual property right, contain any defamation or violate any right of privacy
or publicity).

          (vi) All the provisions set forth in this Section II(d) will survive termination of the
Marketing Agreement.

     III. Compensation.

          (a) With respect to any Paid Subscribers, Section 8(a) of the Agreement will not apply. The
Subscription Royalty for Paid Subscribers (as defined herein) will be as follows: Waterfront will
pay Licensor a royalty (the “Paid Subscriber Royally”) on [ * ] in an amount equal to [ * ] of the
Paid Subscriber Revenue. “Paid Subscriber Revenue” means those amounts [ * ].

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

2

 

          (b) For the avoidance of doubt, the parties state that Licensor will be responsible to pay any
fees promised to Licensor Partners under the agreement between Licensor and Licensor Partner
related to the promotion of the Service.

	IV.	 	Reporting and Payment Obligations. In conjunction with the reports due pursuant to
section 9(a), Waterfront will provide Licensor with a report detailing the: (i) number of Paid
Subscribers and (ii) Paid Subscriber Revenue credited to each Licensor Partner. Audit rights per
section 9(b).
	 
	V.	 	Non-Solicitation. Throughout the term of the Agreement, Waterfront (itself or through its
affiliates) shall not in any manner solicit and or accept any business from any Licensor Partner
that either produces Jillian Michaels branded products or is a Jillian Michaels licensee, in
relation to their Jillian Michaels branded product or license without prior, written notification
to Licensor.
	 
	VI.	 	Term and Termination of this Amendment. Licensor may enter into Marketing Agreements
with Licensor Partners for a period of twenty-four (24) months from the Amendment Effective Date.
The term of any Marketing Agreement during the term of this Amendment will not exceed twenty four
months, the term of any Marketing Agreement entered into after the first anniversary of the
Amendment Effective Date will not exceed twelve months, the term of any promotion will not exceed
the Promotion Period set forth in the applicable Licensor Partner Registration Form, and Waterfront
will honor any offer made in any Promotional Material through the expiration date set forth in the
applicable Promotional Materials that are approved by Waterfront.

In witness whereof, the Parties have caused their respective representatives to execute this
Amendment as of the Amendment Effective Date.

	 	 	 
	Empowered Media, LLC

	 	Waterfront Media Inc.
	 
	 	 
	Signature: /s/ Jillian Michaels

	 	Signature: /s/ Alan Shapiro
	 
	 	 
	Name Jillian Michaels

	 	Name: Alan Shapiro
	 
	 	 
	Title [ILLEGIBLE]

	 	Title: SVP and General Counsel

[ * ] = Certain confidential information contained in this document, marked by brackets, has
been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406
of the Securities Act of 1933, as amended.

3

 

Attachment A

licensor partner registration form

FOR JlLLIANMlCHAELS.COM

	 	 	 
	Licensor Partner:	 	Effective Date:
	Promotion Start Date:

	 	Promotion End Date:
	 
	 	 
	Promotional Website or Promotional Vehicle:

	 	Dedicated URL:

Description of Offer to be promoted: [eg. free one-week trial]

Description of Promotional Materials authorized to be used by Licensor Partner: See attached

	 	 	 
	Indicate activity	 	 
	with an "X"	 	Partner Promotional Activity
	 

	 	Banner Ads. At its
discretion, Licensor Partner
may display Banner Ads on the
Partner Website that promote
the Service.
	 
	 	 
	 

	 	Promotional Links. At its discretion, Licensor
Partner may display Links on the Partner Website from
text that promotes the Subscription Service.
	 
	 	 
	 

	 	Inserts. Licensor Partner the
will promote the Service in
the Promotional Vehicle using the Promotional Materials.

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the
Securities Act of 1933, as amended.

4

 

	 	 	Agreed:

	 	 	 	 	 	 	 	 	 	 	 
	(WATERFRONT MEDIATM LOGO)	 	 	 	Empowered Media, LLC	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Name:

	 	 	 	 	 	Name:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Title:

	 	 	 	 	 	Title:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Signature:

	 	 	 	 	 	Signature:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 	 	 
	Date:

	 	 	 	 	 	Date:	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the
Securities Act of 1933, as amended.

5

 

Schedule I

List of Authorized Promotional Materials

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the
Securities Act of 1933, as amended.

6exv10w12

Exhibit 10.12

[ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

WATERFRONT MEDIA, INC.

45 Main Street, #800

Brooklyn, NY 11201

February 12, 2008

SBD/Waterfront Media Limited Partnership

c/o William Morris Agency, LLC

1325 Avenue of the Americas

New York, NY 10019

Attn: Eric Zohn

[ * ]

[ * ]

[ * ]

[ * ]

			
	      Re:	 	“South Beach Diet” Online Diet and Weight Loss Service

Dear Gentlepeople:

     This letter agreement (“Agreement”) sets forth the terms of the agreement among Waterfront
Media, Inc. (“Waterfront”), SBD/Waterfront Media Limited Partnership (“SBD/WM LP”) [ * ] regarding
Waterfront’s development, distribution, marketing and exploitation of an online subscription and/or
advertising supported diet and weight loss service related to any and all “South Beach Diet”
book(s) written by Dr. Arthur Agatston (“Agatston”) [ * ] prior to and during the Term (“SBD
Books”). A list of currently existing SBD Books is attached hereto as Schedule A.

     The parties acknowledge that the agreement among Agora Media, Inc. (predecessor in interest to
Waterfront), SBD, LLC (predecessor in interest to SBD/WM LP) [ * ] dated May 9, 2003 (the “Previous
Agreement”) is, as of the date of this letter, currently in effect and will remain in effect,
pursuant to its terms, until its expiration on May 9, 2008. This Agreement does not amend or
supersede the Previous Agreement which continues in accordance with its terms until its expiration.
This Agreement is intended to address the parties’ relationship only upon expiration of the
Previous Agreement, and shall apply at such time notwithstanding any contrary term in the Previous
Agreement.

	1.	 	Grant of Rights:

     (a) During the Term [ * ], SBD/WM LP [ * ] grant to Waterfront the non-exclusive worldwide
license and right to reproduce, develop, distribute, publicly perform, publicly display, translate
into all languages, modify, and adapt on the Internet (all with SBD/WM LP’s pre-approval as set
forth in Paragraph 5 below), (i) the content contained in the SBD Books (“SBD Book Content”),
provided such content from any SBD Book is not displayed in its entirety or as a so-called e-book,
(ii) existing content (other than SBD Book Content) provided by SBD/WM LP to Waterfront relating to
the South Beach Diet, which shall include the material listed in Schedule B attached hereto (the
“Existing SBD Material”) and (iii) New Content (as defined in Paragraph 11(a) below) that has been
approved by SBD/WM LP pursuant to Paragraph 5 (collectively the “SBD Materials”) in the form of an
online subscription and/or advertising supported diet and weight loss service [ * ] now known or
hereafter invented (the “Service”). Notwithstanding the foregoing, Waterfront shall obtain the
approval of SBD/WM LP, in accordance with Paragraph

 

 

5 below, for the licensing of any content from the Service to any third party, which approval
may be withheld for any reason, whether Waterfront considers such decision reasonable or not.
Furthermore, notwithstanding the foregoing, the parties acknowledge and agree that the [ * ].

     (b) Subject to the provisions of Paragraph 14 below, during the Term [ * ]: (i) other than
pursuant to this Agreement, SBD/WM LP (including Agatston) [ * ] will not sell, license or
otherwise exploit (whether through an affiliate or other third party) any [ * ] using the SBD
Materials, or any other South Beach Diet branded content created or authorized by SBD/WM LP or
Agatston in the form of [ * ] and (ii) except in connection with customary promotional and
publicity activities by SBD/WM LP and/or Agatston [ * ] and/or their respective related entities,
publishers or licensees for any book or periodical materials created by SBD/WM LP or Agatston or
any other SBD Brand product or service, including promotion of the SBD Brand and SBD Books [ * ],
SBD/WM LP (including Agatston) [ * ] will not sell, license or otherwise exploit the SBD Materials,
or content using the SBD Brand, or Agatston’s name and likeness in connection with [ * ].
Notwithstanding the foregoing restrictions and the terms and conditions of this Agreement or
anything else to the contrary herein, (i) [ * ], (ii) [ * ] SBD/WM LP and Agatston shall not be
limited in any way from exploiting the online rights to academic and professional intellectual
properties or non-health/medical related properties, and (iii) [ * ] SBD/WM LP, and Agatston shall
not be limited in any way from exploiting new health programs not using the SBD Brand or the SBD
Materials or any other South Beach Diet branded content created or authorized by SBD/WM LP or
Agatston, a paid subscription print newsletter or any activities of any kind that do not otherwise
violate any restrictions on the activities hereunder.

     (c) Anything to the contrary notwithstanding, no material changes to the current business
model of the Service during the Term (e.g. removing the paid subscription wall) may be made at any
time without the prior written approval of SBD/WM LP [ * ].

	2.	 	Term:

     The term of this Agreement (the “Term”) shall commence immediately upon expiration of the
Previous Agreement on May 9, 2008, and, subject to earlier termination as herein provided, shall
continue for five (5) years (hereinafter each successive year of the Term shall be “Year 1”, “Year
2”, “Year 3”, “Year 4” and “Year 5”) [ * ]. Upon termination of this Agreement other than
termination due to a breach of this Agreement by Waterfront pursuant to Paragraph 13(a), (b) or
(c), [ * ]. Notwithstanding the foregoing, Waterfront shall have [ * ].

	3.	 	Development and Marketing of the Service; Certain Definitions:

     Waterfront shall at its sole expense (and with SBD/WM LP’s approvals, as applicable pursuant
to Paragraph 5 below), develop, market, distribute and exploit the Service. Waterfront agrees to
(i) [ * ] and (ii) [ * ].

     [ * ].

     As used in this Agreement, the following terms have the following meanings:

     [ * ].

     “Advertising Revenues” means all [ * ].

     “Subscription Revenues” means all [ * ].

     “Gross Revenues” means the sum of Advertising Revenues and Subscription Revenues.

	4.	 	SBD Materials:

     (a) SBD/WM LP shall, at its expense, furnish to Waterfront copies of the SBD Materials, and,
if

 

			
	[ * ]	 = 	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

2

 

updated, thereafter on a regular and timely basis, and provide Waterfront with reasonable
access to and copies of any other content related to the SBD Brand owned and controlled by SBD/WM
LP [ * ]. If necessary, SBD/WM LP shall update on a regular and timely basis all factual material
provided by SBD/WM LP and incorporated in the Service. Once updated materials are provided to
Waterfront, Waterfront shall modify the Service as promptly as reasonably possible to reflect such
changes.

     (b) SBD/WM LP shall provide the services of Agatston (or the services of a substitute mutually
agreed upon by SBD/WM LP and Waterfront (such agreement not to be unreasonably withheld by
Waterfront) it being understood that Sari Agatston is pre-approved as a substitute for Agatston)
(i) to consult regularly (no more then [ * ] except as expressly agreed to in writing by SBD/WM LP
and Waterfront) with Waterfront regarding the development and on-going production of the Service
and (ii) to actively participate in bulletin boards and online chats as and to the extent agreed to
by Agatston in his sole discretion and provide weekly content for question & answer articles in
connection with the Service during the Term as reasonably requested by Waterfront. The parties
acknowledge that consultation may be done by telephone, fax and/or e-mail.

     (c) During the Term [ * ] SBD/WM LP shall continue to maintain and make available to
Waterfront the “www.southbeachdiet.com” URL as a home page for the Service. As among the
parties, it is agreed that the aforementioned URL shall be owned by SBD/WM LP, or an affiliate, and
its use shall be governed by the terms set forth in this Agreement.

	5.	 	Approvals:

     Prior to any advertising for the Service that has not already been approved by SBD/WM LP or
any material updates or modifications of the content of the Service, Waterfront shall provide
SBD/WM LP, at Waterfront’s expense, access to the Service and such advertisements and/or updates or
modifications for the purpose of SBD/WM LP’s right to approve in writing of all aspects of the
Service and such advertisements, updates and/or modifications. SBD/WM LP’s approval of same shall
not be unreasonably withheld and any disapproval by SBD/WM LP shall be in writing to Waterfront.
SBD/WM LP’s failure to approve the Service or such advertising, updates and/or modifications within
five (5) business days after SBD/WM LP is provided access thereto, or receives such materials at
the address set forth in Paragraph 22 below if provided by mail, e-mail or fax, shall be deemed
approved by SBD/WM LP. Waterfront shall not, without SBD/WM LP’s written consent (which shall not
be unreasonably withheld), depart from the quality, form or content previously approved by SBD/WM
LP. Any approvals pursuant to this Paragraph 5 may be made by mail, email or fax to the addresses
set forth in Paragraph 22 below.

	6.	 	Use of Names and Marks:

     During the Term [ * ], SBD/WM LP grants Waterfront the worldwide, limited, non-exclusive right
to use, publish and broadcast, and to authorize others under Waterfront’s direction and control to
do so, Agatston’s name, voice and likeness and any and all of the Marks (as defined in Paragraph
14(c) below) relating to the South Beach Diet brand owned by SBD/WM LP or any of its related
entities (collectively, the “SBD Brand”) solely in connection with the Service and/or Waterfront
and the advertising and promotion thereof. Any such use, publication or broadcast by Waterfront
shall be subject to the approvals of SBD/WM LP set forth in Paragraph 5 above and shall otherwise
be consistent with SBD/WM LP’s reasonable written guidelines, provided in advance to Waterfront,
governing the quality, form and content of use of SBD/WM LP marks and services, it being
acknowledged by SBD/WM LP [ * ] that any uses approved under Paragraph 5 shall be deemed to be
consistent with SBD/WM LP’s guidelines. [ * ]. All uses of the SBD Brand shall be subject to SBD/WM
LP’s prior approval as set forth in Paragraph 5. Waterfront’s license to use the SBD Brand shall
expire upon the expiration or earlier termination of this Agreement, [ * ], in accordance with the
provisions of Paragraph 2 above. Waterfront shall not modify, alter or obfuscate the SBD Brand or
use them in a manner that disparages SBD/WM LP, Agatston [ * ] or their respective

 

			
	[ * ]	 = 	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

3

 

products or services or in an otherwise improper or deceitful manner such as an unauthorized
URL re-direct, it being acknowledged by SBD/WM LP [ * ] that any uses approved under Paragraph 5
above shall be deemed not to be (i) a modification, alteration or obfuscation of the SBD Brand,
(ii) disparaging of SBD/WM LP, the SBD Brand [ * ] or [ * ] respective brands, products or
services, or (iii) an otherwise improper or deceitful manner of use. Presentation of the SBD Brand
shall at all times be such that the ownership of any particular trademark by SBD/WM LP is clearly
stated and all trademarks shall bear the “®” or “TM” symbols where applicable. Waterfront hereby
renounces ownership of and assigns to SBD/WM LP any goodwill which accrues as the result of
Waterfront’s use of the SBD Brand.

	7.	 	[ * ] Royalties:

     (a) [ * ] — Waterfront shall pay SBD/WM LP [ * ] of the Advertising Royalties, [ * ] Traffic
Royalties and the Subscription Royalties, as defined and set forth below (and collectively referred
to as “Royalties”), due to [ * ]. [ * ]:

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

All Royalties payable to [ * ].

     (b) [ * ]

     (c) Waterfront will pay a royalty (the “Subscription Royalty”) to [ * ] calculated on [ * ] in
the amount of the greater of: (i) [ * ] of the Subscription Revenues and (ii) [ * ] of Subscription
Revenues [ * ] in the relevant [ * ].

     (d) Waterfront will pay a royalty (the “[ * ] Traffic Royalty”) to [ * ] calculated on [ * ]
in the amount of [ * ] of Subscription Revenues [ * ].

     (e) Waterfront will pay [ * ] a royalty (the “Advertising Royalty”) of [ * ] of
Waterfront’s Advertising Revenues, as calculated on [ * ]. All such advertising on the Service
shall be approved in advance by SBD/WM LP in writing in accordance with Paragraph 10 below.

     (f) Waterfront’s obligations to pay any Royalties accrued to [ * ] during the Term shall
survive termination of this Agreement. Any Royalties payable under this Agreement shall be paid
within 45 days after the end of the [ * ] in which they accrue.

     (g) As between SBD/WM LP and Waterfront, SBD/WM LP will [ * ] to [ * ] by the Service such as
[ * ] on [ * ] and [ * ] for use in the Service [ * ] without any [ * ] in connection with [ * ] of
such [ * ] (including without limitation in [ * ] and other [ * ]) subject to the provisions of
Paragraph 14(e) below.

	8.	 	Accounting and Audit:

     Waterfront shall provide SBD/WM LP [ * ] with [ * ] statements of account (including, without
limitation, a report in the form attached hereto as Schedule C, accompanied by payment of any
Royalties then due to SBD/WM LP [ * ]. Upon reasonable prior written notice to Waterfront and no
more frequently than once each Year during the Term, SBD/WM LP [ * ] shall have the right, at [ * ]
expense and through a third party auditor appointed by SBD/WM LP [ * ], to examine the books and
records (including those in computer form) of Waterfront solely to the extent related to statements
provided to SBD/WM LP [ * ] by Waterfront pursuant to this Paragraph 8. Any such audit shall be
conducted only during the business hours of Waterfront and shall not be unreasonably disruptive of

 

			
	[ * ]	 = 	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

4

 

Waterfront’s business or operations. The auditor must agree to confidentiality and security
terms reasonably imposed by Waterfront with respect to such examination and audit. In the event a
discrepancy of [ * ] or more in favor of SBD/WM LP [ * ] is discovered, Waterfront shall also pay
the reasonable cost of such inspection up to the amount of any discrepancy. Upon signature of this
Agreement, Waterfront will provide SBD/WM LP [ * ] with dates and times sufficient for an audit of
Waterfront’s books and records with respect to accountings and payments made pursuant to the
Previous Agreement.

	9.	 	Ownership of User Data:

     (a) Subject to Paragraph 9(b) below, [ * ] consumer data (whether or not paid subscriber
data) generated in connection with the Service (the “SBD Consumer Data”).

     (b) Waterfront may [ * ] Waterfront product or service) for the [ * ] promoting and
operating the Service [ * ] (including without limitation, [ * ] except as permitted under
Paragraph 10 below, provided that Waterfront [ * ] during the Term hereof. Notwithstanding the
foregoing, Waterfront shall have the ability to passively track consumers that signed up for the
Service but did not sign up for any other Waterfront product or service for the purpose of serving
appropriate or targeted display advertisements to such consumers. Waterfront will not allow any
third party to use such exclusive SBD Consumer Data. [ * ]. The restrictions of this Paragraph 9
will survive the termination or expiration of this Agreement. It is expressly agreed that
Waterfront is not restricted in any way from using for any purpose any consumer data (which is not
exclusive SBD Consumer Data as defined above) generated from Waterfront’s products or services
other than the Service (“Separate Waterfront Consumer Data”). No rights of any kind are granted to
SBD/WM LP [ * ] relating to any such Separate Waterfront Consumer Data, nor shall any royalties or
other fees be owed to SBD/WM LP [ * ] for Waterfront’s exploitation of the Separate Waterfront
Consumer Data. The parties acknowledge and agree that the SBD Consumer Data referenced in this
paragraph [ * ].

     (c) Waterfront shall continue to use the DART tracking software or another third party
tracking software mutually agreed upon in writing by the parties to reflect sources of customer
acquisition for the Service and other reasonable tracking devices with respect to the Service that
are deemed advisable by the parties hereto. All information secured from such tracking software and
devices shall be deemed SBD Consumer Data hereunder.

     (d) All SBD Consumer Data shall be provided to SBD/WM LP [ * ] on a quarterly basis in a
format agreed upon by the parties but if no format is agreed, then it shall be sent in a clean
Microsoft Excel (PC) file. Upon signature of this Agreement, Waterfront shall provide SBD/WM LP
[ * ] with all paid subscriber data to be supplied pursuant to the Previous Agreement for use in
accordance therewith.

	10.	 	Advertising:

     All advertisers and advertising included in or for the Service (including, without limitation,
for cross-marketing, through opt-in registration, of Waterfront’s newsletters within the Service)
must be approved in writing by SBD/WM LP, and it is agreed that no such advertising shall be
furnished to products or services that are competitive with the Service or the SBD Brand or for
alcohol, tobacco, firearms or weight loss products. In addition, advertising or sponsorship for
food, beverages, pharmaceuticals, nutriceuticals and OTC drugs shall be accepted only following
prior written approval of the specific product by SBD/WM LP. Notwithstanding the foregoing, the
parties acknowledge and agree that Waterfront’s cross-marketing, through opt-in registration, of
the following newsletters (or newsletters substantially similar in nature in the event the title of
such newsletter changes) shall be permitted and deemed to be approved by SBD/WM LP provided that
such newsletters, upon delivery to individuals that signed up for such newsletters through the
Service, [ * ].

	11.	 	New Content:

     (a) The parties acknowledge that users will supply Consumer Generated Material. In addition,
SBD/WM LP and Waterfront will each create new content in response to such Consumer Generated
Material as well as other new content for the Service, including without limitation the content to
be provided pursuant to

 

			
	[ * ]	 = 	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

5

 

Paragraph 4(a) above (collectively, the Consumer Generated Material as well as new content
supplied by SBD/WM LP[ * ] or Waterfront are referred to as “New Content”).

     (b) [ * ]

     (c) Any new content (other than the SBD Materials) not using the SBD Brand [ * ] shall not be
covered by this Agreement. It is agreed that any new content (other than the SBD Materials) desired
by Waterfront for the Service shall be the responsibility of Waterfront to provide at its sole
expense. It is agreed that any recipes requested by Waterfront and provided by [ * ] from its
database of recipes shall be paid by Waterfront at [ * ] for the Term [ * ], excluding recipes
covered in Schedule A. Any reasonable staff and freelance time charges and out of pocket expenses
incurred by [ * ] in connection with the testing of recipes shall be invoiced by [ * ] to
Waterfront and paid by Waterfront within ninety (90) days of each such invoice.

	12.	 	Promotional Activities:

     During the Term, SBD/WM LP shall furnish Agatston (or a substitute supplied by SBD/WM LP who
is mutually agreed in writing by SBD/WM LP and Waterfront for up to [ * ] of such appearances) for
at least [ * ], for public appearances, publicity events and other marketing efforts as reasonably
agreed in writing between SBD/WM LP and Waterfront, and subject to Agatston’s other bona fide
professional obligations. SBD/WM LP will make reasonable efforts to promote the Service in all
personal and media appearances made by Agatston or any other SBD/WM LP representative.

	13.	 	Termination / Force Majeure:

     (a) Any of the parties shall have the right to terminate this Agreement in the event that
another party purports to transfer this Agreement or its rights hereunder in violation of Paragraph
21. The failure of a party hereto to perform its obligations on account of an event beyond its
reasonable control, including, without limitation, strikes, labor disputes, war, terrorism, natural
disaster, civil disturbance, or actions or decrees of governmental bodies or agencies (each, a
“force majeure event”) shall not constitute a breach of this Agreement by such party, it being
understood, however, that such party shall make all reasonable efforts to cure such failure upon
the cessation of such force majeure event. Notwithstanding the forgoing, if such force majeure
event lasts for more than six consecutive months or nine months in the aggregate, then any of the
parties hereto shall have the right to terminate this Agreement.

     (b) This Agreement may be terminated by any party upon [ * ] written notice to the other party
of a breach of a material provision of this Agreement by any other party, and the failure of the
breaching party to cure such breach within said [ * ] period, assuming such breach is subject to
being cured, otherwise, it will automatically terminate [ * ] after such written notice.
Notwithstanding the foregoing, in the event that [ * ] SBD/WM LP is the breaching party pursuant to
the preceding sentence, the Agreement shall not be terminated unless Waterfront is the party that
provides written notice of breach in accordance with the preceding sentence.

     (c) In the event any party hereto files a petition in bankruptcy or is adjudicated as bankrupt
or insolvent, or makes an assignment for the benefit of creditors, or an arrangement pursuant to
any bankruptcy law, or has a receiver appointed for its business and such receiver is not
discharged within thirty (30) days, then the other [ * ] shall have the right to terminate this
Agreement immediately upon written notice.

     (d) (i) In the event Agatston is convicted or pleads nolo contendere to any crime
involving moral turpitude during the first four years of the Term which, in the exercise of
reasonable judgment, would likely significantly undermine his credibility in promoting the South
Beach Diet, Waterfront shall thereupon have the right to elect, by written notice to SBD/WM LP
[ * ], to terminate [ * ] set forth in this Agreement.

 

			
	[ * ]	 = 	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

6

 

     (ii) Waterfront shall use its best efforts to secure a life insurance policy (the “Life
Insurance Policy”) on the life of Agatston during the first four years of the Term with a coverage
limit of [ * ] during the first year of the Term, [ * ] during the second year of the Term, [ * ]
during the third year of the Term and [ * ] during the fourth year of the Term (the “Approved Death
Benefits”). SBD/WM LP shall ensure the reasonable cooperation of Agatston to assist Waterfront with
obtaining such life insurance coverage (including customary medical testing required by the
insurer, it being understood that Agatston shall be entitled to have his own physician present at
any and all medical examinations).

     Waterfront shall fund the aggregate premiums for such Life Insurance Policy up to the amount
of [ * ] (the “Cap”) in total over the first four years of the Term. In the event that the
aggregate premiums of such Life Insurance Policy due during the first four years of the Term exceed
the Cap in order to secure the Approved Death Benefits, the parties will mutually agree upon the
nature and extent of the death benefits payable under the Life Insurance Policy for a total premium
of [ * ] over the first four years of the Term and SBD/WM LP [ * ] shall have the option to pay the
insurer on behalf of Waterfront all or a portion of the aggregate premiums due which exceed the Cap
in order to secure full death benefits in an amount equal to the Approved Death Benefits.

     In the event that Agatston dies during the first four years of the Term and benefits are paid
to Waterfront under the Life Insurance Policy (the “Benefits”), Waterfront shall immediately [ * ]
(the “Assigned Benefits”) and such payments of Assigned Benefits shall be [ * ]. In such event,
Waterfront shall thereupon have the right to elect, by written notice to SBD/WM LP [ * ], to
terminate [ * ].

     In the event that Agatston dies during the first four years of the Term and (A) Waterfront has
been unable to secure a Life Insurance Policy on Agatston’s life or (B) Waterfront had secured a
Life Insurance Policy on Agatston’s life but SBD/WM LP [ * ] declined to pay the insurer on behalf
of Waterfront the portion of aggregate premiums due which exceed the Cap and consequently the Life
Insurance Policy is no longer in effect upon Agatston’s death, Waterfront shall thereupon have the
right to elect, by written notice to SBD/WM LP [ * ], to terminate [ * ] set forth in this Agreement.

     (iii) If Agatston suffers from a disability which renders him unable to provide his services
hereunder or generally promote the South Beach Diet for a period of [ * ] during the first four
years of the Term, Waterfront shall thereupon have the right to elect, by written notice to SBD/WM
LP [ * ], to terminate [ * ] of the [ * ] set forth in this Agreement.

     (iv) If (A) Agatston has a heart attack during the first four years of the Term resulting
from Confirmed Heart Disease as defined below (an “Agatston Heart Attack”), (B) such Agatston Heart
Attack becomes known to the general public and (C) the number of subscribers to the Service at the
expiration of the 60-day period immediately following initial general public knowledge of such
Agatston Heart Attack (“First Public Knowledge”) is less than 80% of the number of subscribers to
the Service Waterfront had previously budgeted for such period (taking into account and adjusting
for any customary seasonal reduction); it being agreed that Waterfront shall not, during such 60
day period, materially change its marketing activities on behalf of the Service, Waterfront shall
thereupon have the right to elect, by written notice to SBD/WM LP [ * ], to terminate [ * ] set
forth in this Agreement. Notwithstanding the foregoing, the event set forth in clause “(B)” above
shall not deemed to have occurred if Waterfront is the source or cause of such First Public
Knowledge, unless the public disclosure of such Agatston Heart Attack was otherwise inevitable. For
the purposes of this Agreement, “Confirmed Heart Disease” shall be defined to mean a clinical
presentation consistent with an acute coronary syndrome and either new abnormal Q waves in two or
more electrocardiographic leads or positive results in cardiac biomarkers (CPK, MD fraction> 8.8
and Troponin I> 0.4) as confirmed by two independent board certified cardiologists.

     (v) In the event that Waterfront elects, pursuant to Paragraph 13(d) (i), (ii), (iii) or
(iv) above, to terminate [ * ] set forth in this Agreement, [ * ] by Waterfront prior to the
effective date of such [ * ] termination

 

			
	[ * ]	 = 	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

7

 

and Waterfront’s remaining obligations hereunder [ * ] and to pay Royalties pursuant to this
Agreement) shall remain in full force and effect pursuant to the terms set forth in this Agreement.
Notwithstanding the foregoing, in the event that Waterfront’s [ * ] terminates in accordance with
the provisions of Paragraph 13(d) (i), (ii), (iii) or (iv) above, [ * ] SBD/WM LP [ * ] shall have
the option to terminate this Agreement upon [ * ] written notice to Waterfront.

     (e) [ * ]

	14.	 	Reservation of Rights:

     (a) All rights in the SBD Materials [ * ], except those specifically granted to
Waterfront hereunder, are retained by and reserved to SBD/WM LP [ * ].

     (b) SBD/WM LP [ * ] acknowledge that Waterfront shall have the right to include Waterfront
branding as part of the Service as approved by SBD/WM LP [ * ] in writing; provided, however,
Waterfront is pre-approved to include an industry-standard “Powered by Waterfront Media” and/or an
“Everyday Health Network” credit logo, in the form attached hereto as Schedule D, which shall not
link to any other Web site or location.

     (c) Each party acknowledges and agrees that: (i) the logos, trade names, trademarks, URLs and
service marks (collectively, the “Marks”) of each party are and shall remain the sole property of
that party; (ii) nothing in this Agreement shall confer on any party any right of ownership in the
other parties’ respective Marks; and (iii) the validity of the Marks of any party shall not now or
in the future be contested by the other parties.

     (d) SBD/WM LP [ * ] acknowledge and agree that Waterfront presently engages in the
development, distribution and marketing of online newsletters and community application products
other than the Service and that Waterfront shall be permitted to continue to do so separate and
apart from this Agreement. Waterfront agrees that the Service will have segregated and dedicated
editorial and brand management teams who shall not share proprietary information or business plans
for the Service or the SBD Brand with any other Waterfront editorial or brand management personnel.

     (e) Notwithstanding anything set forth in this Agreement (including, without limitation,
Paragraph 1 above) but subject to any other agreements between [ * ] SBD/WM LP, Agatston or their
related entities with respect to the SBD Materials:

     The right to maintain (i) any websites promoting, advertising or selling SBD Books [ * ] and
any 3rd party licensees of SBD/WM LP and its related entities, and (ii) any websites servicing,
promoting, advertising or selling any prepared SBD Brand food-related home delivery business, are
expressly reserved to SBD/WM LP; provided, however, that the rights reserved in this paragraph
14(c) shall not apply in the event that any such website’s primary source of revenue is from the
sale of advertising or the sale of access (through subscription or otherwise) to SBD Materials or
SBD branded content available through the Internet.

	15.	 	Confidentiality:

     The parties hereto shall keep the terms and conditions of this Agreement confidential, as well
as the timing and amounts of any payments made by any party to another party pursuant to this
Agreement.

	16.	 	Representations and Warranties:

     (a) SBD/WM LP represents and warrants that: (i) SBD/WM LP has the right and authority to enter
into this Agreement and to make the grant of rights [ * ] to Waterfront as set forth herein, and
(ii) all rights assigned

 

			
	[ * ]	 = 	Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the
Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.

8

 

and/or granted to Waterfront under this Agreement are, [ * ], solely and exclusively owned by
SBD/WM LP or under exclusive license to SBD/WM LP throughout the world and Waterfront’s
incorporation of such material into the Service shall not violate or infringe upon the copyright,
trademark, rights of privacy or any other rights whatsoever of any third parties, and (iii) SBD/WM
LP is not aware of any third party claim for personal injury, including death, against SBD/WM LP
and/or Agatston arising from or relating to use of the SBD Materials.

     (b) [ * ]

     (c) SBD/WM LP shall defend, indemnify and hold Waterfront harmless from any and all claims,
damages, liabilities, costs or expenses, including reasonable outside attorneys’ fees, incurred by
or imposed on Waterfront by reason of (i) any breach of the foregoing warranties and
representations in Paragraph 16(a), or (ii) any third party claim for personal injury, including
death, arising from or relating to use of the SBD Materials. [ * ].

     (d) Waterfront represents and warrants that: (i) Waterfront has the right and authority
to enter into this Agreement, and (ii) all materials incorporated into the Service by Waterfront
which do not originate with SBD/WM LP, [ * ] Agatston or Service users, shall not violate or
infringe upon the copyright, trademark, rights of privacy or any other rights whatsoever of any
third parties. Waterfront shall defend, indemnify and hold SBD/WM LP [ * ] harmless from any and
all claims, damages, liabilities, costs or expenses, including reasonable outside attorneys’ fees,
incurred by SBD/WM LP [ * ] by reason of any breach of the foregoing warranties and representations
of Waterfront.

17. Disclaimer of Warranties: EXCEPT FOR THE LIMITED WARRANTIES UNDER THIS AGREEMENT,
NEITHER PARTY MAKES ANY WARRANTIES, EXPRESS, IMPLIED OR STATUTORY WITH RESPECT TO THE SERVICE OR
THE DISTRIBUTION THEREOF.

18. Loss of Data/Interruption of Distribution: NO PARTY SHALL BE LIABLE FOR ANY LOSS OF
DATA OR INTERRUPTION OF ITS DISTRIBUTION OF THE SERVICE FOR ANY REASON BEYOND ITS REASONABLE
CONTROL, AND SUCH LOSS OF DATA OR INTERRUPTION OF ITS DISTRIBUTION OF THE SERVICE SHALL NOT BE
DEEMED A BREACH OF THIS AGREEMENT.

19. Arbitration:

     Intentionally Deleted

20. Bankruptcy: In addition to any rights or remedies SBD/WM LP [ * ] may have under
Paragraph 13(c), in the event that Waterfront files any proceeding for relief from its creditors
under the bankruptcy laws of the United States or any similar proceeding under the laws of any
state and Waterfront does not meet its obligations to SBD/WM LP under the terms of this Agreement,
then all rights to be exercised by Waterfront under this Agreement in the future shall be
terminated (it being understood that Waterfront shall nevertheless remain liable for [ * ],
Royalties and any other sums due SBD/WM LP [ * ] hereunder) and any rights that Waterfront has to
the SBD Materials shall automatically revert to SBD/WM LP [ * ].

21. General:

     This Agreement contains the entire understanding of the parties with respect to the subject
matter hereof, and supercedes any and all prior agreements, understandings, promises and
representations made by a party to the other parties concerning the subject matter hereof and the
terms applicable hereto. It may not be changed orally, but only by an agreement in writing signed
by the party against whom enforcement of any waiver, change, modification, extension or discharge
is sought. No delay on the part of any party hereto in exercising any right

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

9

 

hereunder or under applicable laws, shall operate of a waiver of such right. If any provision
of this Agreement is held to be invalid or unenforceable, the remaining provisions hereof shall not
be affected. Regardless of its place of physical execution or performance, the Agreement shall be
construed and enforced in accordance with the laws of the State of New York and without regard to
the principles of conflicts of law. No party may assign or transfer this Agreement or any of its
rights or duties hereunder without the prior written consent of the other parties, which shall not
be unreasonably withheld, except that (a) SBD/WM LP [ * ] may [ * ] assign this Agreement and all
of [ * ] rights and duties hereunder to entities owned or controlled by [ * ] and (b) any party may
assign or transfer this Agreement by merger, or acquisition or in connection with a sale of all or
substantially all of the party’s assets, provided that in the event of such assignment, transfer or
sale by Waterfront, [ * ] and provided further that the assignee, transferee or purchaser has the
requisite financial capacity and the requisite technical capacity, editorial experience and
personnel to fully perform the terms and conditions of this Agreement after the effective date of
such assignment, transfer or sale. The parties acknowledge and agree that any assignee, transferee
or purchaser shall be deemed to have the requisite editorial experience and personnel to fully
perform the terms and conditions of this Agreement after the effective date of such assignment,
transfer or sale if such assignee, transferee or purchaser has entered into employment agreements
for at least the remainder of the Term hereof with the key Waterfront personnel who were primarily
responsible for the performance of Waterfront’s obligations and duties hereunder prior to the
effective date of such assignment, transfer or sale. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original and all of which together shall
constitute one and the same instrument. A copy of an executed facsimile page shall be binding upon
a party for all purposes. This Agreement is binding upon and inures to the benefit of the parties
and their respective successors, licensees and assigns.

22. Notices:

     All notices hereunder shall be made in writing to the other parties at their designated
addresses below (or such other addresses as a party may update upon notice to the other parties in
accordance with this Paragraph 22), and either (a) delivered personally, (b) sent by certified mail
(when properly addressed and bearing proper postage), return receipt requested, (c) sent by
facsimile so long as proof of confirmation is maintained, or (d) only in the case of approval
requests and notices pursuant to Paragraph 5 above, by confirmed electronic mail. Notices sent via
certified mail shall be deemed given (i) three (3) days after deposit in the mail, (ii) upon
receipt when delivered personally, or (iii) upon transmission when delivered by facsimile or by
email.

Notices to Waterfront shall be sent to:

Waterfront Media, Inc.

45 Main Street, #800

Brooklyn, NY 11201

Attention: Alan Shapiro, Senior Vice President & General Counsel

Fax: (718) 797-1676

Email: ashapiro@waterfrontmedia.com

Notices to SBD/WM LP shall be sent to:

SBD/Waterfront Media Limited Partnership

1691 Michigan Avenue, Suite 500

Miami Beach, FL 33139

Attn: Sari Agatston

Fax: (305) 538-1979

Email: sari.agatston@southbeachdietlp.com

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

10

 

With courtesy copies to:

William Morris Agency, LLC

1325 Avenue of the Americas

New York, NY 10019

Attn: Eric Zohn

Fax: 212-632-1223

Email:ezohn@wma.com

and

Frankfurt Kurnit Klein & Selz, PC

488 Madison Avenue

New York, NY 10022

Attn: Richard B. Heller, Esq.

Fax: (347) 438-2105

Email: rheller@fkks.com

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

[ * ]

     Please acknowledge your acceptance of the foregoing by signing below and returning a copy to
me.

Sincerely,

WATERFRONT MEDIA, INC.

By: /s/ Ben Wolin

Title: CEO

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

11

 

Agreed and accepted:

SBD/WATERFRONT MEDIA LIMITED PARTNERSHIP

BY: SBD/Waterfront Media, Inc., its General Partner

By: /s/ Arthur Agatston

Its: President

[ * ]

[ * ]

[ * ]

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

12

 

SCHEDULE A

	1.	 	The South Beach Diet: The Delicious Doctor Designed, Fool Proof Plan for Fast Healthy Weight
Loss [ * ]
	 
	2.	 	The South Beach Diet Cookbook [ * ]
	 
	3.	 	The South Beach Diet Quick & Easy Cookbook [ * ]
	 
	4.	 	The South Beach Diet Parties & Holidays Cookbook [ * ]
	 
	5.	 	The South Beach Diet Taste of Summer Cookbook [ * ]
	 
	6.	 	The South Beach Diet Good Fats Food Carbs Guide [ * ]
	 
	7.	 	The South Beach Diet Dining Guide [ * ]

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

13

 

SCHEDULE B

	(1)	 	Access to written background material used to develop the books listed in Schedule A and the
South Beach Diet
	 
	(2)	 	Access to recipes provided from Agatston or Agatston trained nutritionists to Agatston
patients
	 
	(3)	 	Access to generic (not patient specific) support information provided to patients.
Example: Exercise Plans

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

14

 

SCHEDULE C

Sample Report

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

15

 

SCHEDULE D

 

			
	[ * ] 	 = 	Certain confidential information contained in this
document, marked by brackets, has been omitted and filed separately
with the Securities and Exchange Commission pursuant to Rule 406 of the Securities
Act of 1933, as amended.

16

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