Document:

Consent to Credit Agreement, dated as of March 30, 2008

 Exhibit 10.5 
 CONSENT LETTER 
 March 30, 2008 
 Jupitermedia Corporation 
 23 Old Kings Highway South 
 Darien, Connecticut 06820 
 Re: Credit Facility for Jupitermedia Corporation 
 Ladies and Gentlemen: 
 Reference is made to the Credit and Security Agreement, dated as of the 12th day of July, 2007, among JUPITERMEDIA
CORPORATION, a Delaware corporation (“Borrower”), the lenders party thereto, KEYBANK NATIONAL ASSOCIATION, as the lead arranger, sole book runner and administrative agent for the Lenders (“Agent”), and CITIZENS BANK, N.A., as
syndication agent (as the same may from time to time be amended, restated or otherwise modified, the “Credit Agreement”). Capitalized terms used in this consent letter (this “Consent Letter”) and not otherwise defined herein
shall be defined as set forth in the Credit Agreement. 
 Borrower has notified Agent and the Lenders that, (a) due to certain changes
made in the interpretation of GAAP accounting by Borrower and its auditors for income taxes related to purchase accounting with respect to certain of Borrower’s Acquisitions, Borrower will need to (i) restate its audited financial
statements as filed in its 10-K annual report for the fiscal year ending December 31, 2006 (the “10-K Restatement”), (ii) restate its unaudited financial statements as filed in its 10-Q quarterly reports for the fiscal quarters
ending March 31, 2007, June 30, 2007 and September 30, 2007 (collectively, the “10-Q Restatements”), and (iii) file its 10-K annual report with the SEC for the fiscal year ending December 31, 2007 as late as
April 30, 2008 (the “Delayed 10-K Filing”), and (b) Borrower will recognize a non-cash impairment charge of Eighty-Seven Million Two Hundred Thousand Dollars ($87,200,000) in the fourth quarter of 2007 related to the impairment
of certain goodwill and intangible assets (the “Impairment Charge”). Borrower has informed Agent and the Lenders that after giving effect to the 10-K Restatement, the 10-Q Restatements and the Impairment Charge, Borrower will be in
compliance with the financial covenants set forth in Section 5.7 of the Credit Agreement for the restatement periods in question and for the period ended December 31, 2007. The restatement of financial statements and the Impairment Charge
could be construed as violations of the Credit Agreement. In addition, the Delayed 10-K Filing could result in the violation of certain reporting requirements set forth in Section 5.3 of the Credit Agreement. 
 Borrower hereby requests that Agent and the Lenders consent (and waive any violations under the Loan Documents as a result thereof) to (a) the 10-K
Restatement, (b) the 10-Q Restatements, (c) the Delayed 10-K Filing, (d) the delayed delivery of financial reports for the fiscal year ending December 31, 2007 required to be delivered by Sections 5.3(b), (c) and (d) of
the Credit Agreement (the “Delayed Financial Reports”), and (e) the Impairment Charge. 

 Agent and the Lenders hereby consent (and waive any violations under the Loan Documents as a result
thereof) to the 10-K Restatement, the 10-Q Restatements, the Delayed 10-K Filing, the Delayed Financial Reports and the Impairment Charge on the following conditions: 
 (a) the 10-K Restatement and the 10-Q Restatements shall not contain any revisions other than those previously disclosed to Agent and the
Lenders in writing or as disclosed in Borrower’s SEC filings, and such revisions, after being given effect, shall not result in a breach of the financial covenants set forth in Section 5.7 of the Credit Agreement for the restatement
periods in question; 
 (b) Borrower shall deliver to Agent and the Lenders a pro forma Compliance Certificate for the fiscal
year ended December 31,2007 on or prior to April 1, 2008; 
 (c) Borrower shall have, no later than April 30,
2008, (i) filed with the SEC its 10-K annual report for the fiscal year ending December 31, 2007, and (ii) delivered to Agent the Delayed Financial Reports; 
 (d) after giving effect to the terms of this Consent Letter, no Default or Event of Default shall exist under the Credit Agreement or any
other Loan Document; 
 (e) Borrower shall pay a consent fee to Agent, for the benefit of each Lender that shall have executed
and delivered this Consent Letter to Agent on or before 10:00 A.M. (Eastern time) on April 1,2008 (each an “Approving Lender”), in the amount equal to ten basis points multiplied by the amount of such Approving Lender’s portion
of the Commitment; and 
 (f) Borrower shall pay all reasonable legal fees and expenses of Agent in connection with this
Consent Letter. 
 Except as otherwise expressly specified in this Consent Letter, the Credit Agreement shall remain in full force and effect
and shall be unaffected hereby. No further consent has been requested or granted. This Consent Letter (a) is a Loan Document pursuant to the Credit Agreement, (b) is not intended to, nor shall it, establish any course of dealing among
Borrower, Agent and the Lenders that is inconsistent with the express terms of the Credit Agreement, and (c) shall not operate as a waiver or amendment of any other right, power or remedy of Agent and the Lenders under the Credit Agreement or
constitute a continuing consent of any kind. The waiver requested by Borrower and granted by Agent and the Required Lenders hereunder relates solely to the items set forth in this Consent Letter. No further waiver has been requested or granted. This
Consent Letter shall be governed by, and construed in accordance with, the internal laws of the State of Ohio. 
 [Remainder of page
intentionally left blank.] 
  

 2 

 This Consent Letter shall not be effective until it has been acknowledged and agreed to by Borrower, and
each Guarantor of Payment has signed the attached Acknowledgment and Acceptance. This Consent Letter may be executed in any number of counterparts, by different parties hereto in separate counterparts and by facsimile signature, each of which when
so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute but one and the same agreement. 
  

			
	Very truly yours,
	
	 KEYBANK NATIONAL ASSOCIATION,
as Agent and as a Lender

		
	By:	 	 /s/ Jennifer O’Brien

		 	Jennifer O’Brien
		 	Vice President

 Signature Page 1 of 15 to 
 Consent Letter 

			
	 RBS CITIZENS N.A.,
as Syndication Agent and as a Lender

		
	By:	 	 David M Nackley

		 	Senior Vice President

 Signature Page 2 of 15 to 
 Consent Letter 

			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Martin Ollinger

		 	Martin Ollinger
		 	Vice President

 Signature Page 3 of 15 to 
 Consent Letter 

			
	WEBSTER BANK
		
	By:	 	 /s/ Albert M. Schenck

		 	Albert M. Schenck
		 	VICE PRESIDENT

 Signature Page 4 of 15 to 
 Consent Letter 

			
	PANGAEA CLO 2007-1 LTD
		
	By:	 	 /s/ Michael P. King

		 	Michael P. King
		 	Senior Managing Director

 Signature Page 5 of 15 to 
 Consent Letter 

			
	PANGAEA CLO 2007-2 LTD
		
	By:	 	 /s/ Michael P. King

		 	Michael P. King
		 	Senior Managing Director

 Signature Page 6 of 15 to 
 Consent Letter 

	
	 NEW YORK MARINE AND GENERAL INSURANCE COMPANY
By Tricadia CDO Management, LLC

	
	 [Interests assigned to TELOS CLO 2007-3, LTD.]

 Signature Page 7 of 15 to 
 Consent Letter 

			
	 TELOS CLO 2006-1, LTD
 By Tricadia Loan Management, LLC,
as Collateral Manager

		
	 By:
	 	 /s/ JOHN J. MCCORMICK, III

		 	JOHN J. MCCORMICK, III
		 	MANAGING DIRECTOR

 Signature Page 8 of 15 to 
 Consent Letter 

			
	 TELOS CLO 2007-2, LTD
By Tricadia Loan Management, LLC,
as Collateral Manager

		
	 By:
	 	 /s/ JOHN J. MCCORMICK, III

		 	JOHN J. MCCORMICK, III
		 	MANAGING DIRECTOR

 Signature Page 9 of 15 to 
 Consent Letter 

			
	 TELOS CLO 2007-3, LTD
By Tricadia Loan Management, LLC,
as Collateral Manager

		
	 By:
	 	 /s/ John J. McCormick, III

		 	John J. McCormick, III
		 	MANAGING DIRECTOR

 Signature Page 10 of 15 to 
 Consent Letter 

			
	CIFC FUNDING 2006-1, LTD.
		
	By:	 	 /s/ Elizabeth Chow

		 	Elizabeth Chow – Head of Underwriting

			
	CIFC FUNDING 2006-II, LTD.
		
	By:	 	 /s/ Elizabeth Chow

		 	Elizabeth Chow – Head of Underwriting

			
	CIFC FUNDING 2006-IB, LTD.
		
	By:	 	 /s/ Elizabeth Chow

		 	Elizabeth Chow – Head of Underwriting

			
	CIFC FUNDING 2007-48, LTD.
		
	By:	 	 /s/ Elizabeth Chow

		 	Elizabeth Chow – Head of Underwriting

					
	Acknowledged and agreed:	 	JUPITERMEDIA CORPORATION
			
		 	By:	 	 /s/ Christopher S. Cardell

		 	Name:	 	Christopher S. Cardell
		 	Title:	 	President

 Signature Page 15 of 15 to 
 Consent Letter 

 ACKNOWLEDGMENT AND ACCEPTANCE 
 Each of the undersigned hereby acknowledges and accepts the terms of the foregoing Consent Letter dated as of March 30, 2008. Each of the undersigned
further certifies that the following statements are true as of the date hereof: (a) the representations and warranties contained in each of the Loan Documents are correct in all material respects as if made on and as of the date hereof (or, if
any such representation or warranty is expressly stated to have been made as of a specific date, such representation or warranty shall be true in all material respects as of such specific date); (b) after giving effect to the terms of the
Consent Letter, no event has occurred and is continuing that constitutes a Default or Event of Default; and (c) the undersigned does not have any claim or offset against, or defense or counterclaim to, any obligation or liability of any of the
undersigned under the Credit Agreement or any other Loan Document. 
 This Acknowledgment and Acceptance is executed by the undersigned as of
the date first written above. 
  

									
	 JUPITERIMAGES CORPORATION
	 		 	WORKBOOK, INC.
					
	By:	 	 /s/ Christopher S. Cardell
	 		 	By:	 	 /s/ Christopher S. Cardell

	Name:	 	Christopher S. Cardell	 		 	Name:	 	Christopher S. Cardell
	Title:	 	Secretary	 		 	Title:	 	President, COO & Secretary
			
	 I-VENTURE MANAGEMENT LLC,
By Jupitermedia Corporation, its Managing Member
	 		 	MEDIABISTRO.COM, INC.
					
	By:	 	 /s/ Christopher S. Cardell
	 		 	By:	 	 /s/ Christopher S. Cardell

	Name:	 	Christopher S. Cardell	 		 	Name:	 	Christopher S. Cardell
	Title:	 	President & COO	 		 	Title:	 	Secretary

 Signature Page to 
 Acknowledgment and AcceptanceCash Bonus Plan Agreement, dated as of January 1, 2007

 Exhibit 10.6 
 Jupitermedia Corporation 
 Compensation Plan 
 For the Period from January 1 - December 31, 2007 
  

			
	 From:
	  	Compensation Committee:
		  	Michael J. Davies
		  	Gilbert Bach
		  	John Patrick
		  	William Shutzer
		
	 To:
	  	Alan Meckler
		
	 Date:
	  	January 1, 2007
	
	 

								
				
	 Name:
	  	 Alan Meckler
	  	 Base Salary
	  	$	 343,500
		  		  		  	 	 
	 Title:
	  	 CEO
	  		  		
		  		  	 Maximum Annual Incentive
	  	$	 240,450
		  		  		  	 	 
		  		  	(70% of Base)	  		

 Annual Incentive Compensation: 
 Annual incentive compensation will be earned based on the following three objectives 
  

	 	•	 	 Achievement of Revenue Target - Maximum Incentive = $80,150 (See schedule A) 

  

	 	•	 	 Achievement of EBITDA Target - Maximum Incentive = $80,150 (See schedule B) 

  

	 	•	 	 Achievement of management staffing, management succession and other management objectives based on the discretion of the Compensation Committee - Maximum Incentive
= $80,150 

 Total Maximum Incentive = $240,450 
  

												
	 	 
				
	 Revenue Target 2007 (See Schedule A)
	  	$	147,433,747	 	 			 			
				
	 Amount Available For Annual Incentive
	  	$	80,150	 	 			 			
				
	 	  	Percent of Target	 	 	Bonus % Earned	 	 	Bonus Amount Earned	 
		  	 	115	%	 	100	%	 	$	80,150	 (Maximum)
		  	 	110	%	 	80	%	 	 	64,120	 
		  	 	105	%	 	60	%	 	 	48,090	 
		  	 	100	%	 	40	%	 	 	32,060	 
		  	 	95	%	 	20	%	 	 	16,030	 
		  	 	90	%	 	0	%	 	 	—  	 
	
	 	 
				
	 EBITDA Target 2007 (See Schedule B)
	  	$	33,752,111	 	 			 			
				
	 Amount Available For Annual Incentive
	  	$	80,150	 	 			 			
				
	 	  	Percent of Target	 	 	Bonus % Earned	 	 	Bonus Amount Earned	 
		  	 	115	%	 	100	%	 	$	80,150	 (Maximum)
		  	 	110	%	 	80	%	 	 	64,120	 
		  	 	105	%	 	60	%	 	 	48,090	 
		  	 	100	%	 	40	%	 	 	32,060	 
		  	 	95	%	 	20	%	 	 	16,030	 
		  	 	90	%	 	0	%	 	 	—  	 
	
	 	 
	  
 Achievement of management staffing, management succession and
other management objectives
 based on the discretion of the Compensation Committee
  
	 
  
  
 

	 Amount Available For Annual Incentive
	  	$	80,150	 	 		
			
	 	  	 	 	 	 	 	 

  

	•	 	 Annual Incentive is payable upon Compensation Committee approval after year end. 

	•	 	 Annual Incentive excludes acquisitions other than Studio Cutz acquired on 1/18/07 and ISPCON acquired on 1/30/07, the results of which are reflected in the
attached 2007 reforecast. 

  

	
	 ACCEPTED AND AGREED UPON BY THE UNDERSIGNED:

	
	  

	Signature
	 Alan Meckler

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