Document:

Seventh Loan Modification Agreement

 Exhibit 10.6 

SEVENTH LOAN MODIFICATION AGREEMENT 

This Seventh Loan Modification Agreement (this “Loan Modification Agreement”) is entered into as of August 10, 2010, by
and between SILICON VALLEY BANK, a California corporation, with its principal place of business at 3003 Tasman Drive, Santa Clara, California 95054 and with a loan production office located at One Newton Executive Park, Suite 200, 2221
Washington Street, Newton, Massachusetts 02462 (FAX 617-969-5965) (“Bank”) and SALARY.COM, INC., a Delaware corporation with offices at 160 Gould Street, Needham, Massachusetts 02494 (“Borrower”). 

1. DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS. Among other indebtedness and obligations which may be owing by Borrower to Bank, Borrower
is indebted to Bank pursuant to a loan arrangement dated as of August 10, 2006, evidenced by, among other documents, a certain Loan and Security Agreement dated as of August 10, 2006, between Borrower and Bank, as affected by a certain
Waiver Agreement dated as of June 8, 2008, as amended by a certain First Loan Modification Agreement dated as of August 8, 2008, as further amended by a certain Second Loan Modification Agreement dated as of September 17, 2008, as
further amended by a certain Third Loan Modification Agreement dated as of October 8, 2008, as further amended by a certain Fourth Loan Modification Agreement dated as of March 16, 2009, as further amended by a certain Fifth Loan
Modification Agreement dated as of June 29, 2009, and as further amended by a certain Sixth Loan Modification Agreement dated as of October 15, 2009 (as affected and amended from time to time, the “Loan Agreement”). Capitalized
terms used but not otherwise defined herein shall have the same meaning as in the Loan Agreement. 
 2. DESCRIPTION OF COLLATERAL.
Repayment of the Obligations is secured by the Collateral as described in the Loan Agreement (together with any other collateral security granted to Bank, the “Security Documents”). Hereinafter, the Security Documents, together with all
other documents evidencing or securing the Obligations shall be referred to as the “Existing Loan Documents”. 
 3. DESCRIPTION OF
CHANGE IN TERMS. 
  

	 	A.	Modifications to Loan Agreement. 

  

	 	1	The Loan Agreement shall be amended by deleting the following text, appearing in Section 6.6(a) thereof: 

“Any Guarantor shall maintain all depository, operating and securities accounts with Bank, or SVB Securities; provided, however,
Genesys Software Systems, Inc. may maintain depository, operating and/or securities accounts with Bank of America or Royal Bank of Canada so long as the aggregate cumulative amount in such accounts does not exceed One Million Dollars ($1,000,000.00)
at any time (the “Permitted Accounts”). The investment of such funds of Genesis Software Systems, Inc. in the Permitted Accounts shall be considered Permitted Investments.” 

and inserting in lieu thereof the following: 

“Any Guarantor shall maintain all depository, operating and securities accounts with Bank, or SVB Securities.” 

 

 1 

	 	2	The Loan Agreement shall be amended by deleting the following definition, appearing in Section 13.1 thereof: 

“ “Permitted Accounts” is defined in Section 6.6(a).” 

 

	 	3	The Loan Agreement shall be amended by deleting the following definitions, appearing in Section 13.1 thereof: 

“ “Guarantor” is any present or future guarantor of the Obligations, including, without limitation, Salary.com
Securities Corporation, Salary.com Jamaica Limited, and Genesys Software Systems, Inc.” 
 “ “Secured
Guarantor” is any present or future guarantor of the Obligations that has granted a lien to Bank in all of its assets of the type described on Exhibit A, including, without limitation, Salary.com Securities Corporation and Genesys
Software Systems, Inc.” 
 and inserting in lieu thereof the following: 

“ “Guarantor” is any present or future guarantor of the Obligations, including, without limitation, Salary.com
Securities Corporation and Salary.com Jamaica Limited.” 
 “ “Secured Guarantor” is any present or
future guarantor of the Obligations that has granted a lien to Bank in all of its assets of the type described on Exhibit A, including, without limitation, Salary.com Securities Corporation.” 

 

	 	4	The Loan Agreement shall be amended by deleting the following text, appearing in the definition of “Permitted Investments” in Section 13.1 thereof:

 “(c) Investments in Salary.com Securities Corporation and Genesys Software Systems, Inc.;”

 and inserting in lieu thereof the following: 

“(c) Investments in Salary.com Securities Corporation;” 

 

	 	5	The Loan Agreement shall be amended by deleting the following text, appearing in the definition of “Permitted Investments” in Section 13.1 thereof:

 “(g) The investment of funds in the Permitted Accounts per the terms of this Agreement.” 

and inserting in lieu thereof the following: 

“(g) Intentionally omitted.” 

4. FEES. Borrower shall also reimburse Bank for all legal fees and expenses incurred in connection with this amendment to the Existing Loan
Documents. 
 5. RATIFICATION OF PERFECTION CERTIFICATE. Borrower hereby ratifies, confirms and reaffirms, all and singular, the terms
and disclosures contained in a certain Perfection Certificate dated as of June 29, 2009, between Borrower and Bank, and acknowledges, confirms and agrees the disclosures and information Borrower provided to Bank in the Perfection Certificate
have not changed, as of the date hereof. 
  

 2 

 6. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever necessary to reflect
the changes described above. 
 7. RATIFICATION OF LOAN DOCUMENTS. Borrower hereby ratifies, confirms, and reaffirms all terms and
conditions of all security or other collateral granted to the Bank, and confirms that the indebtedness secured thereby includes, without limitation, the Obligations. 

8. NO DEFENSES OF BORROWER. Borrower hereby acknowledges and agrees that Borrower has no offsets, defenses, claims, or counterclaims against Bank
with respect to the Obligations, or otherwise, and that if Borrower now has, or ever did have, any offsets, defenses, claims, or counterclaims against Bank, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and
Borrower hereby RELEASES Bank from any liability thereunder. 
 9. CONTINUING VALIDITY. Borrower understands and agrees that in modifying
the existing Obligations, Bank is relying upon Borrower’s representations, warranties, and agreements, as set forth in the Existing Loan Documents. Except as expressly modified pursuant to this Loan Modification Agreement, the terms of the
Existing Loan Documents remain unchanged and in full force and effect. Bank’s agreement to modifications to the existing Obligations pursuant to this Loan Modification Agreement in no way shall obligate Bank to make any future modifications to
the Obligations. Nothing in this Loan Modification Agreement shall constitute a satisfaction of the Obligations. It is the intention of Bank and Borrower to retain as liable parties all makers of Existing Loan Documents, unless the party is
expressly released by Bank in writing. No maker will be released by virtue of this Loan Modification Agreement. 
 10. COUNTERSIGNATURE.
This Loan Modification Agreement shall become effective only when it shall have been executed by Borrower and Bank. 
 [The
remainder of this page is intentionally left blank] 
  

 3 

 This Loan Modification Agreement is executed as a sealed instrument under the laws of the
Commonwealth of Massachusetts as of the date first written above. 
  

											
	BORROWER:	 	BANK:	 	
			
	SALARY.COM, INC.	 	SILICON VALLEY BANK	 	
						
	 By:
	 	 /s/ Bryce Chicoyne
	 		 	By:	 	 /s/ Thomas Kelly
	 	
	 Name:
	 	Bryce Chicoyne	 		 	Name:	 	Thomas Kelly	 	
	 Title:
	 	SVP and CFO	 		 	Title:	 	Vice President	 	

 The undersigned, SALARY.COM JAMAICA LIMITED (“Salary.com Jamaica Guarantor”) hereby
ratifies, confirms and reaffirms, all and singular, the terms and conditions of a certain Unconditional Guaranty (the “Guaranty”) dated as of December 19, 2008, executed and delivered by Salary.com Jamaica Guarantor, pursuant to which
Salary.com Jamaica Guarantor unconditionally guaranteed the prompt, punctual and faithful payment and performance of all Obligations of Borrower to Bank. In addition, Salary.com Jamaica Guarantor acknowledges, confirms and agrees that the Guaranty
shall remain in full force and effect and shall in no way be limited by the execution of this Loan Modification Agreement, or any other documents, instruments and/or agreements executed and/or delivered in connection herewith. 

 

			
	SALARY.COM JAMAICA LIMITED
		
	 By:
	 	 /s/ Nicholas Camelio

	 Name:
	 	Nicholas Camelio
	 Title:
	 	SVP HR

 The undersigned, SALARY.COM
SECURITIES CORPORATION (“Salary.com Securities Guarantor”) hereby ratifies, confirms and reaffirms, all and singular, the terms and conditions of (a) a certain Unconditional Guaranty (the “Guaranty”) dated as of
October 8, 2008, executed and delivered by Salary.com Securities Guarantor, pursuant to which Salary.com Securities Guarantor unconditionally guaranteed the prompt, punctual and faithful payment and performance of all Obligations of Borrower to
Bank, and (b) a certain Security Agreement (the “Security Agreement”) dated as of October 8, 2008, between Salary.com Securities Guarantor and Bank, pursuant to which Salary.com Securities Guarantor granted Bank a continuing
first priority security interest in the Collateral (as the term is defined therein) to secure the payment and performance of the Obligations under the Guaranty in accordance with the terms of the Security Agreement. In addition, Salary.com
Securities Guarantor acknowledges, confirms and agrees that the Guaranty and Security Agreement shall remain in full force and effect and shall in no way be limited by the execution of this Loan Modification Agreement, or any other documents,
instruments and/or agreements executed and/or delivered in connection herewith. 
  

			
	SALARY.COM SECURITIES CORPORATION
		
	 By:
	 	 /s/ Bryce A Chicoyne

	 Name:
	 	Bryce Chicoyne
	 Title:
	 	CFO

  

 4Second Amendment to Employment Agreement, dated January 2, 2007 Scott A. Pomeroy

 Exhibit 10.1 

SECOND AMENDMENT TO 

EMPLOYMENT AGREEMENT 

This Second Amendment to Employment Agreement (this “Amendment”) is entered into effective as of July 26, 2010, by
and between Scott A. Pomeroy (the “Executive”) and Local Insight Media Holdings, Inc., a Delaware corporation (the “Company”, which term includes any subsidiary, affiliate or successor of Local Insight Media
Holdings, Inc. that may employ Executive from time to time). 
 RECITALS 

WHEREAS, effective as of January 2, 2007, Local Insight Media, L.P. (“LIM LP”), as successor to Local
Insight Media, LLC, and the Executive entered into an Employment Agreement (such Employment Agreement, as amended to date, being referred to herein as the “Agreement”); 

WHEREAS, effective as of December 31, 2008, LIM LP assigned its rights and obligations under the Agreement to the Company,
and the Company assumed such rights and obligations; and 
 WHEREAS, the Company and the Executive wish to amend the
Agreement to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the treasury regulations and other official guidance promulgated thereunder (“Section 409A”) in accordance with the
provisions of Section 11.6 of the Agreement. 
 NOW, THEREFORE, in consideration of the foregoing, of the
mutual premises contained herein and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

1. Article V of the Agreement is hereby amended to read in its entirety as follows: 

ARTICLE V. 

SEVERANCE PAYMENTS 

5.1 Termination Without Cause, Resignation for Good Reason or Non-Extension of the Term by the Company. If the
Executive’s employment shall terminate without Cause pursuant to Section 4.1(d), for Good Reason pursuant to Section 4.1(e) or by reason of the Company’s non-extension of the Term pursuant to
Section 4.1(g), the Company shall pay the following to the Executive, provided the Executive has executed and delivered a general waiver and release of claims agreement in the Company’s customary form (the
“Release”), and such Release is no longer subject to revocation, if applicable, within sixty (60) days following the Date of Termination: 

(a) A lump sum payment equal to one (1) times the Executive’s base salary, payable following the effective date
of the Release; provided that to the extent that the payment of such amount constitutes “nonqualified deferred compensation” for purposes of Section 409A, any such payment shall be made on the sixtieth (60th) day following the
Date of Termination; 

 (b) A lump sum equal to: (i) the monthly COBRA premium rate for
continued coverage for the Executive and his eligible dependents under all Company group health benefit plans in which the Executive and any dependents were entitled to participate immediately prior to the Date of Termination, subject to any
cost-sharing or similar provisions in effect thereunder as of the Date of Termination, multiplied by (ii) the number of months from the Date of Termination to the earlier of (x) the twelve (12)-month anniversary of the Date of Termination
or (y) the first date that the Executive violates any covenant contained in Sections 6, 7 or 8, payable following the effective date of the Release; provided that to the extent that the payment of such amount constitutes
“nonqualified deferred compensation” for purposes of Section 409A, any such payment shall be made on the sixtieth (60th) day following the Date of Termination; and 

(c) A prorated amount of the Executive’s Annual Bonus, based on the Company’s year-to-date performance through
the Date of Termination in relation to the performance targets set forth in the Executive Bonus Plan (such amount to be determined in good faith by the Compensation Committee), payable in the calendar year following the year in which the Date of
Termination occurs, and in no event later than April 30th of such year. 
 2. Section 11.14 of the Agreement is hereby
amended to read in its entirety as follows: 
 11.14 Section 409A. 

(a) The intent of the parties is that payments and benefits under this Agreement comply with Section 409A and,
accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. Notwithstanding any provision of this Agreement to the contrary, in the event that the Company determines that any amounts payable
pursuant to this Agreement may be subject to Section 409A, the Company may adopt such amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other
actions, that the Company determines are necessary or appropriate to: (i) exempt such payments from Section 409A and/or preserve the intended tax treatment of the benefits provided with respect to such payments or (ii) comply with the
requirements of Section 409A and thereby avoid the application of penalty taxes under Section 409A. 
  

 2 

 (b) A termination of employment shall not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of
Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” 

(c) Notwithstanding any other payment schedule provided herein to the contrary, if the Executive is deemed on the Date of
Termination to be a “specified employee” within the meaning of Section 409A, then, with regard to any payment that is considered “deferred compensation” under Section 409A payable on account of a “separation from
service,” such payment shall be made on the date which is the earlier of (x) the expiration of the six (6)-month period measured from the date of such Executive’s “separation from service” and (y) the date of the
Executive’s death (the “Delay Period”) to the extent required under Section 409A. Upon the expiration of the Delay Period, all payments delayed pursuant to this Section (whether they would have otherwise been payable in a
single sum or in installments in the absence of such delay) shall be paid to the Executive in a lump sum, and all remaining payments due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them
herein. 
 (d) All expenses or other reimbursements under this Agreement shall be made promptly and in any event
on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by the Executive (provided that if any such reimbursements constitute taxable income to the Executive, such reimbursements shall be paid
no later than March 15th of the calendar year following the calendar year in which the expenses to be reimbursed were incurred). No such reimbursement or expenses eligible for reimbursement in any taxable year shall in any way affect the
expenses eligible for reimbursement in any other taxable year and the Executive’s right to reimbursement shall not be subject to liquidation in exchange for any other benefit. 

(e) In no event shall any payment under this Agreement that constitutes “deferred compensation” for purposes of
Section 409A be offset by any other payment pursuant to this Agreement or otherwise. 
 3. This Amendment shall enter into
effect as of the date first set forth above. Except as specifically modified herein, the Agreement shall remain in full force and effect in accordance with all of the terms and conditions thereof. 

4. This Amendment may be executed in counterparts, all of which will be considered one and the same agreement and will become effective
when counterparts have been signed by each of the parties and delivered to the other party, it being understood that each party need not sign the same counterpart. Delivery of an executed signature page of this Amendment by facsimile transmission or
electronic photocopy (i.e., a “pdf”) shall be effective as delivery of a manually executed counterpart hereof. 
  

 3 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 

 4 

 IN WITNESS WHEREOF, the Company and the Executive have executed this Amendment as of
the date first written above. 
  

			
	LOCAL INSIGHT MEDIA HOLDINGS, INC.
		
	By:	 	 /s/ JOHN S. FISCHER

		 	John S. Fischer
		 	General Counsel
	
	EXECUTIVE
		
	By:	 	 /s/ SCOTT A. POMEROY

		 	Scott A. Pomeroy

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]