Document:

Exhibit 4.2

 

THIS WARRANT AND THE SECURITIES ISSUABLE
UPON EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NO REGISTRATION OF TRANSFER OF THIS
WARRANT OR THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF WILL BE MADE ON THE BOOKS OF THE ISSUER UNLESS SUCH TRANSFER IS MADE
IN CONNECTION WITH AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT OR PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF SUCH ACT OR SUCH ACT DOES NOT APPLY.

 

 

COMMON STOCK PURCHASE WARRANT

 

MEDIABISTRO
INC. 

 

	Warrant Shares: 301,124	Issue Date: November 14, 2013

 

THIS COMMON STOCK PURCHASE
WARRANT (the “Warrant”) certifies that, for value received, Alan M. Meckler and his permitted assigns (the “Holder”)
are entitled, upon the terms and subject to the limitations on exercise and the conditions set forth in this Warrant, at any time
on or after November 14, 2013 (the “Initial Exercise Date”) and on or prior to the close of business on November
13, 2018 (the “Termination Date”) but not thereafter, to subscribe for and purchase from MEDIABISTRO INC., a
Delaware corporation (the “Company”), up to 301,124 fully paid and nonassessable shares (as subject to adjustment
hereunder, the “Warrant Shares”) of the Company’s Common Stock, par value $0.01 per share (the “Common
Stock”). The purchase price of one share of Common Stock under this Warrant is equal to the Exercise Price, as defined
in Section 1(b).

 

Section 1.Exercise.

 

(a)               
Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or
after the Initial Exercise Date and on or before the Termination Date by delivery to the Company (or such other office or agency
of the Company as it may designate by notice in writing to the registered Holder at the address of the Holder appearing on the
books of the Company) of a duly executed facsimile copy of the Notice of Exercise Form annexed hereto. Except for cashless exercises
pursuant to Section 1(c) below, on the date of exercise, the Holder shall deliver the aggregate Exercise Price for the shares
specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States bank. Notwithstanding
anything herein to the contrary, the Holder is not required to physically surrender this Warrant to the Company until the Holder
has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case the Holder
shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date on which the final Notice
of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number
of Warrant Shares available hereunder will have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder
in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing
the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of
Exercise Form within one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant,
acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares
hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on
the face hereof.

 

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(b)               Exercise
Price. The exercise price per share of the Common Stock under this Warrant is $2.00 subject to adjustment hereunder
(the “Exercise Price”).

 

(c)                Cashless Exercise. Upon the prior written approval of the Company, which approval may be withheld or conditioned
in its sole discretion, this Warrant may be exercised, in whole or in part, by means of a “cashless exercise” in which
the Holder will be entitled to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A),
where:

 

(A) = the Closing
Price on the Trading Day immediately preceding the date on which Holder elects to exercise this Warrant by means of a “cashless
exercise,” as set forth in the applicable Notice of Exercise;

 

(B) = the Exercise
Price of this Warrant, as adjusted hereunder; and

 

(X) = the
number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such
exercise were by means of a cash exercise rather than a cashless exercise.

 

(d)              
Mechanics of Exercise.

 

                                                                                        i.           
Delivery of Warrant Shares Upon Exercise. The Company shall use best efforts to cause the Warrant Shares purchased
hereunder to be issued in book-entry format on the records of the transfer agent and registrar of the Company, or, if the Warrant
Shares cannot be issued in book-entry format, then by physical delivery of a stock certificate to the address specified by the
Holder in the Notice of Exercise, by the date that is three (3) Trading Days after the latest of (A) the delivery to the Company
of the Notice of Exercise, (B) surrender of this Warrant (if required) and (C) payment of the aggregate Exercise Price as set forth
above (including by cashless exercise, if permitted) (such date, the “Warrant Share Delivery Date”). The Warrant
Shares will be deemed to have been issued, and the Holder or any other person so designated to be named therein will be deemed
to have become a holder of record of such shares for all purposes, as of the date on which the Warrant has been exercised, with
payment to the Company of the Exercise Price (or by cashless exercise, if permitted) and all taxes required to be paid by the Holder,
if any, pursuant to Section 1(d)(iv) prior to the issuance of such shares having been paid.

 

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                                                                                        ii.           Delivery of New Warrants Upon Exercise. If this Warrant is exercised in part, the Company shall, at the request of
a Holder and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a
new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new
Warrant will be, in all other respects, identical with this Warrant.

 

                                                                                       
iii.          No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares may be issued upon the
exercise of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise,
the Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.

 

                                                                                       
iv.          Charges, Taxes and Expenses. Issuance of Warrant Shares will be made without charge to the Holder for any issue or
transfer tax or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses will
be paid by the Company, and such Warrant Shares will be issued in the name of the Holder or in such name or names as may be directed
by the Holder; provided, however, that in the event Warrant Shares are to be issued in a name other than the name
of the Holder, this Warrant when surrendered for exercise must be accompanied by the Assignment Form attached hereto duly executed
by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer
tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise.

 

Section 2.Certain
Adjustments.

 

(a)               
Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) declares or pays a
stock dividend or otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity-equivalent
securities payable in shares of Common Stock (which, for avoidance of doubt, does not include any shares of Common Stock issued
by the Company upon exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares,
(iii) combines (including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or
(iv) issues by reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the
Exercise Price will be multiplied by a fraction, the numerator of which is the number of shares of Common Stock (excluding treasury
shares, if any) outstanding immediately before such event and the denominator of which is the number of shares of Common Stock
outstanding immediately after such event, and the number of shares issuable upon exercise of this Warrant will be proportionately
adjusted such that the aggregate Exercise Price of all shares of Common Stock for which this Warrant is then exercisable remains
unchanged. Any adjustment made pursuant to this Section 2(a) will become effective immediately after the record date for the determination
of stockholders entitled to receive such dividend or distribution and will become effective immediately after the effective date
in the case of a subdivision, combination or re-classification.

 

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(b)              
Fundamental Transaction. This Warrant (and the right to purchase securities upon exercise hereof) shall terminate
upon the earliest to occur of the following: (i) the Company, directly or indirectly, in one or more related transactions effects
any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly, effects any sale,
lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets in one or a series
of related transactions, (iii) any direct or indirect purchase offer, tender offer or exchange offer (whether by the Company or
another Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender or exchange their shares for
other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common Stock, (iv) the
Company, directly or indirectly, in one or more related transactions effects any reclassification, reorganization or recapitalization
of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged
for other securities, cash or property, or (v) the Company, directly or indirectly, in one or more related transactions consummates
a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization,
spin-off or scheme of arrangement) with another Person or group of Persons whereby such other Person or group (other than Alan
M. Meckler and his affiliates) acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common
Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or
party to, such stock or share purchase agreement or other business combination) (each a “Fundamental Transaction”).

 

(c)               
Calculations. No adjustment in the number of Warrant Shares purchasable hereunder is required unless such adjustment
would result in an increase or decrease of at least 0.1% of the number of Warrant Shares for which this Warrant is exercisable;
provided that any adjustments which by reason of this Section 2(c) are not required to be made will be carried forward and
taken into account in any subsequent adjustment. All calculations under this Section 3 shall be made to the nearest cent or the
nearest 1/1000th of a share, as the case may be. For purposes of this Section 2, the number of shares of Common Stock deemed to
be issued and outstanding as of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares,
if any) issued and outstanding.

 

(d)              
Notice to Holder.

 

                                                                                       
i.           
Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 2,
the Company shall promptly mail to the Holder a notice setting forth the Exercise Price after such adjustment and any resulting
adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

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                                                                                        ii.           Notice to Allow Exercise by Holder. If (A) the Company declares or pays a dividend (or any other distribution in
whatever form) on the Common Stock, (B) the Company declares or pays a special nonrecurring cash dividend on or a redemption of
the Common Stock, (C) the Company authorizes the granting to all holders of the Common Stock rights or warrants to subscribe for
or purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company is required
in connection with any Fundamental Transaction, or (E) the Company authorizes the voluntary or involuntary dissolution, liquidation
or winding up of the affairs of the Company, then, in each case, the Company shall cause to be mailed to the Holder at its last
address as it appears upon the Warrant Register of the Company, at least five calendar days prior to the applicable record or effective
date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution,
redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record
to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined, or (y) the date on which such
Fundamental Transaction is expected to become effective or close, and the date as of which it is expected that holders of the Common
Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable
upon such Fundamental Transaction; provided that the failure to mail such notice or any defect therein or in the mailing thereof
shall not affect the validity of the corporate action required to be specified in such notice. The Holder shall remain entitled
to exercise this Warrant during the period commencing on the date of such notice to the effective date of the event triggering
such notice except as may otherwise be expressly set forth herein.

 

Section 3.Transfer
of Warrant.

 

(a)               
Transferability. This Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of this
Warrant at the principal office of the Company or its designated agent, together with a written assignment of this Warrant substantially
in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes
payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver
a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations specified
in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned,
and this Warrant shall promptly be cancelled. The Warrant, if properly assigned in accordance herewith, may be exercised by a new
holder for the purchase of Warrant Shares without having a new Warrant issued.

 

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(b)              
Transfer to Comply with the Securities Act. This Warrant may not be exercised, and neither this Warrant nor any of
the Warrant Shares may be disposed of, in whole or in part, except in compliance with applicable United States federal and state
securities or "blue sky" laws and the terms and conditions hereof. Any new Warrant issued upon transfer of this Warrant
will bear a legend in substantially the same form as the legend set forth on the first page of this Warrant, unless the Holder
delivers to the Company an opinion of counsel reasonably satisfactory to the Company that such new Warrant need no longer be subject
to the restriction contained herein. Each certificate for Warrant Shares issued upon exercise of this Warrant (or subsequently
issued in substitution or exchange for such Warrant Shares), unless either (i) at the time of exercise such Warrant Shares are
registered under the Securities Act of 1933, as amended (the "Securities Act"), or (ii) the Warrant Shares are
no longer subject to the restriction contained herein, will bear a legend substantially in the following form:

 

THE SECURITIES EVIDENCED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NO REGISTRATION OF TRANSFER OF SUCH SECURITIES
WILL BE MADE ON THE BOOKS OF THE ISSUER UNLESS SUCH TRANSFER IS MADE IN CONNECTION WITH AN EFFECTIVE REGISTRATION STATEMENT UNDER
SUCH ACT OR PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT OR SUCH ACT DOES NOT APPLY.

 

(c)                The provisions of this Section 3 are binding upon all subsequent holders of certificates for Warrant Shares bearing the
above legend and all subsequent holders of this Warrant, if any.

 

(d)              
New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid
office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney. Subject to compliance with Section 3(a), as to any transfer which may be involved
in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or
Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges will be dated
the initial issuance date of this Warrant and will be identical to this Warrant except as to the number of Warrant Shares issuable
pursuant thereto.

 

(e)                Warrant Register. The Company shall register this Warrant, upon records to be maintained by the Company for that
purpose (the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may
deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any
distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

 

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Section 4.Definitions.
For purposes of this Warrant, the following capitalized terms have the meanings specified in this Section 4:

 

(a)               
 “Business Day” means a day other than Saturday, Sunday, or any other day on which commercial banks in
New York, New York are authorized or required to by law to close.

 

(b)              
“Closing Price”1 means, for any date, the price determined by the first of the following
clauses that applies: (a) if the Common Stock is then listed or quoted on a Trading Market, the closing price of the Common Stock
for such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported
by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if
the OTC Bulletin Board is not a Trading Market, the closing price of the Common Stock for such date (or the nearest preceding
date) on the OTC Bulletin Board, (c) if the Common Stock is not then listed or quoted for trading on the OTC Bulletin Board and
if prices for the Common Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar
organization or agency succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock
so reported, or (d) in all other cases, the fair market value of a share of Common Stock as determined by a majority of the
independent directors of the Company in their reasonable good faith judgment.

 

(c)               
A “Fundamental Transaction” occurs if (i) the Company, directly or indirectly, in one or more related
transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly,
effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets
in one or a series of related transactions, (iii) any direct or indirect purchase offer, tender offer or exchange offer (whether
by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender or exchange
their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common
Stock, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification, reorganization
or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly, in one or more related transactions
consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization,
recapitalization, spin-off or scheme of arrangement) with another Person or group of Persons whereby such other Person or group
(other than Alan M. Meckler and his affiliates) acquires more than 50% of the outstanding shares of Common Stock (not including
any shares of Common Stock held by the other Person or other Persons making or party to, or associated or affiliated with the other
Persons making or party to, such stock or share purchase agreement or other business combination).

 

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(d)              
“Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation,
a trust, an unincorporated organization, any other entity or a government or any department or agency thereof.

 

(e)               
“Successor Entity” means the Person formed by, resulting from or surviving any Fundamental Transaction
or the Person with which such Fundamental Transaction has been entered into.

 

(f)               
“Trading Day” means a day on which the principal Trading Market is open for trading.

 

(g)              
“Trading Market” means any of the following markets or exchanges on which the Common Stock is listed
or quoted for trading on the date in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global
Select Market, the New York Stock Exchange or the OTC Bulletin Board (or any successors to any of the foregoing).

 

Section 5.Miscellaneous.

 

(a)               
No Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends
or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 1, except as expressly set
forth in Section 2.

 

(b)               
Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to
the Warrant Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and upon
surrender and cancellation of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new Warrant
or stock certificate of like tenor, in lieu of such Warrant or stock certificate.

 

(c)               
Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of
any right required or granted herein is not a Business Day, then such action may be taken or such right may be exercised on the
next succeeding Business Day.

 

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(d)              
Authorized Shares.

 

The Company covenants
that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Stock a sufficient
number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.
If at any time the number of authorized but unissued shares of Common Stock is not sufficient to effect in full the exercise of
this Warrant, in addition to such other remedies as are available to the Holder, the Company will promptly take such corporate
action as may, in the opinion of its counsel, be necessary to increase the number of authorized but unissued shares of Common Stock
to such number of shares as are sufficient for such purposes, including, without limitation, using its best efforts to obtain the
requisite shareholder approval necessary to increase the number of authorized shares of Common Stock. The Company further covenants
that its issuance of this Warrant constitutes full authority to its officers who are charged with the duty of executing stock certificates
to execute and issue the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will
take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without
violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common Stock may be
listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented
by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance
herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by
the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such
issue).

 

Except and to
the extent as waived or consented to by the Holder, the Company may not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this
Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions
as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment.

 

Before taking
any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations thereof, exemptions therefor, or consents thereto as may be necessary
from any public regulatory body or bodies having jurisdiction thereof.

 

(e)               
Jurisdiction. The validity, interpretation, construction and performance of this Warrant, and all acts and transactions
pursuant hereto and the rights and obligations of the parties hereto, shall be governed, construed and interpreted in accordance
with the laws of the state of New York.

 

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(f)               
Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part
of Holder shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without
limiting any other provision of this Warrant, if the Company willfully and knowingly fails to comply with any provision of this
Warrant, which results in any material damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient
to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings,
incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies
hereunder.

 

(g)              
Notices. Any notice, consent or report required or permitted to be given or made under this Warrant by one Party
to the other Party will be in writing, delivered personally or by U.S. first class mail or express courier providing evidence of
receipt, postage prepaid (where applicable), or by electronic mail, to the address set forth on the signature page hereto. All
such notices will be effective upon receipt.

 

(h)              
Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise
this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, will give rise to
any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability
is asserted by the Company or by creditors of the Company.

 

(i)                
Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of
damages, will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
to waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate.

 

(j)                
Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced
hereby will inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors
and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time
of this Warrant and are enforceable by the Holder or any holder of Warrant Shares.

 

(k)               Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and
the Holder.

 

(l)                 Severability. Wherever possible, each provision of this Warrant must be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant is prohibited by or invalid under applicable law, such provision
will be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the
remaining provisions of this Warrant.

 

(m)               Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose,
be deemed a part of this Warrant.

 

********************

 

(Signature Page Follows)

 

 

 

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IN WITNESS WHEREOF, each
of the Company and the Holder has caused this Warrant to be executed as of the date first above indicated.

 

 

	 	MEDIABISTRO INC.	 
	 	 	 	 
	 	By: 	/s/ Mitchell Eisenberg	 
	 	 	Name:
    Mitchell Eisenberg 	 
	 	 	Title : EVP and  GC	 
	 	 	Address:  	
        50 Washington Street, Suite 912

        Norwalk, Connecticut 06854

        Attn: General Counsel
	 
	 	 	 	 	 

 

	 	HOLDER	 
	 	 	 	 
	 	By: 	/s/ ALAN M. MECKLER	 
	 	 	Name: Alan M Meckler 	 

 

 

 

 

 

 

 

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NOTICE OF EXERCISE

 

To:    MEDIABISTRO
INC. 

 

(1)  
The undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant
(only if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer
taxes, if any.

 

(2)  
Payment shall take the form of (check applicable box):

 

[ ] in lawful
money of the United States; or

 

[ ] if permitted,
the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 1(c)
of the Warrant, to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the “cashless
exercise” procedure set forth in such subsection 1(c).

 

(3)  
Please issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

_______________________________

 

The Warrant Shares shall be delivered as
follows:

 

_______________________________

 

_______________________________

 

_______________________________

 

	SIGNATURE OF HOLDER

 

	If an Individual (Print Name):	 

 

	If an Entity (Print Name of  Investing Entity):	 

 

Signature of Authorized Signatory of Investing
Entity:

 

 

 

Name of Authorized Signatory:

 

 

 

Title of Authorized Signatory:

 

 

 

Date: ____________________________________

 

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ASSIGNMENT FORM

 

(To assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

 

 

FOR VALUE RECEIVED, _______
shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

_______________________________________________
whose address is

 

_______________________________________________________________.

 

 

 

_______________________________________________________________

 

Dated: ______________, _______

 

 

	 	Holder’s Signature:	_____________________________
	 	 	 
	 	Holder’s Address:	_____________________________
	 	 	 
	 	 	_____________________________

 

 

Signature Guaranteed: ___________________________________________

 

 

NOTE: The signature to this Assignment Form
must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatsoever,
and must be guaranteed by a bank or trust company. Officers of corporations and those acting in a fiduciary or other representative
capacity should file proper evidence of authority to assign the foregoing Warrant.

 

    	13Exhibit 10.70

 

THIS
SECOND AMENDED AND RESTATED PROMISSORY NOTE IS BEING EXECUTED AND DELIVERED FOR THE PURPOSE OF AMENDING, RESTATING AND REPLACING,
BUT NOT EXTINGUISHING, THE OBLIGATIONS OF MAKERS PURSUANT TO THAT CERTAIN AMENDED AND RESTATED PROMISSORY NOTE DATED NOVEMBER 1,
2013, BY MEDIABISTRO (AS DEFINED HEREIN), MB SUBSIDIARY (AS DEFINED HEREIN) AND INSIDE NETWORK (AS DEFINED HEREIN) TO ALAN M. MECKLER
(THE “EXISTING NOTE”).

 

SECOND AMENDED AND RESTATED

PROMISSORY NOTE

 

	$8,794,604.30	
        New York, New York

        November 15, 2013

 

FOR VALUE RECEIVED,
the undersigned, MEDIABISTRO INC., a Delaware corporation, formerly known as WebMediaBrands Inc., with a business address at 50
Washington Street, Suite 912, Norwalk, CT 06854 (“Mediabistro”), MEDIABISTRO.COM SUBSIDIARY INC., a Delaware
corporation, formerly known as Mediabistro.com Inc., with a mailing address at 475 Park Avenue South, 4th Floor, New York, NY 10016
(“MB Subsidiary”), and INSIDE NETWORK, INC., a California corporation with a mailing address at 475 Park Avenue
South, 4th Floor, New York, NY 10016 (“Inside Network”; together with Mediabistro and MB Subsidiary, collectively,
“Makers” and each, individually, a “Maker”), jointly and severally promise to pay to the
order of ALAN M. MECKLER (the “Payee”) or any subsequent assignee or holder hereof (Payee or any subsequent
assignee or holder hereof sometimes being hereinafter referred to as “Holder”) at 435 East 52nd Street
New York, NY 10022, or at such other address as Holder may designate from time to time in writing, the principal sum of EIGHT MILLION
SEVEN HUNDRED NINETY-FOUR THOUSAND SIX HUNDRED FOUR AND 30/100 DOLLARS ($8,794,604.30) or so much thereof as remains unpaid to
Holder from time to time, together with: (i) interest on the principal balance outstanding from time to time, from November
1, 2013, until said balance shall have been paid in full, at the rate and in the manner hereinafter provided; (ii) all taxes levied
or assessed on this Note or the debt evidenced hereby against the Holder; and (iii) all costs and expenses, including reasonable
attorneys’ fees, incurred in collecting or attempting to collect the indebtedness evidenced by this Amended and Restated
Promissory Note (the “Note”) or to realize on any collateral securing this Note or to protect or sustain the
lien of the Holder, or in any litigation or controversy arising from or connected with this Note or any security for this Note.

 

1.           
Principal and Interest.

 

(a)               
Commencing as of (i) November 1, 2013 on $7,794,604.30 of the outstanding principal amount of
this Note and as of (ii) November 15, 2013 on $1,000,000.00 of the outstanding principal amount of this Note, interest initially
shall accrue at the rate of 5.50% per annum (the “Initial Rate”). Such Initial Rate will be subject to change
as set forth in Section 1(c) and Section 1(d) below. Interest shall be calculated for the actual number of days elapsed on the
basis of a 360 day year, including the first date of the applicable period to, but not including, the date of repayment.

 

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(b)              
Interest only shall be payable monthly in arrears commencing on December 1, 2013 and continuing on the 1st
day of each succeeding calendar month until September 1, 2023. Thereafter, monthly principal and interest payments shall
be payable in consecutive monthly installments commencing October 1, 2023 (the “First Principal
and Interest Payment Due Date”) and continuing on the 1st day of each succeeding calendar month thereafter.
On the First Principal and Interest Payment Due Date and thereafter, the monthly payment will be in
an amount sufficient to repay the principal and interest at the rate determined as described in Section 1(c) below in substantially
equal installments by the Maturity Date (as defined herein). The outstanding principal amount of this Note, together with
all interest accrued thereon and all other amounts due and payable by Makers hereunder and under the security or other documents,
instruments and agreements executed in connection with this Note shall be due and payable in full on September 1, 2043 (the “Maturity
Date”).

 

(c)               
The Initial Rate will change to an adjustable interest rate (the “Adjustable Rate”) on the first day
of September 2018, and such Adjustable Rate may change on such day every 12th month thereafter. The date on which the
Initial Rate changes to the Adjustable Rate and each date on which the Adjustable Rate may change is called a “Change
Date.”

 

Beginning with the first
Change Date, the Adjustable Rate will be based on an Index. The “Index” is the average of interbank
offered rates for one-year U.S. dollar-denominated deposits in the London market (“LIBOR”), as published in
The Wall Street Journal. The most recent Index figure available as of the date 45 days before each Change Date is called the
“Current Index.” If the Index is no longer available, the Holder will choose a new index that is based upon
comparable information. The Holder will give Makers notice of such choice.

 

Before each Change Date,
the Holder will calculate the new Adjustable Rate by adding 2.75% to the Current Index. The Holder will then round the result of
this addition to the nearest one-eighth of one percentage point (0.125%). Subject to the limits stated below, this rounded amount
will be the new Adjustable Rate until the next Change Date.

 

Promptly following the
calculation of the new Adjustable Rate, the Holder will determine the amount of the new monthly payment due by Makers. For payment
adjustments occurring before the First Principal and Interest Payment Due Date, the amount of Makers’ monthly payment will
be sufficient to repay all accrued interest each month on the unpaid principal balance at the new interest rate. If Makers’
make a voluntary payment of principal before the First Principal and Interest Payment Due Date, the payment amount for subsequent
payments will be reduced to the amount necessary to repay all accrued interest on the reduced principal balance at the current
Adjustable Rate. For payment adjustments occurring on or after the First Principal and Interest Payment Due Date, the amount of
the monthly payment will be sufficient to repay unpaid principal and interest that Makers are expected to owe in full on the Maturity
Date at the current interest rate in substantially equal payments.

 

The Adjustable Rate at
the first Change Date will not be greater than 7.50% per annum or less than 5.50% per annum. Thereafter, the Adjustable Rate will
never be increased or decreased on any single Change Date by more than 2.00% from the rate of interest Makers’
have been paying for the preceding twelve (12) months. The Adjustable Rate will never be greater than 11.50% per annum or less
than 5.50% per annum.

 

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The new Adjustable Rate
will become effective on each Change Date. Makers will pay the amount of the new monthly payment beginning
on the first monthly payment date after the Change Date until the amount of the monthly payment changes again.

 

Before the effective
date of any change in the Adjustable Rate and/or monthly payment, the Holder will deliver or mail to Makers a notice of such change.
The notice will include information required by law to be given to Makers and also the title and telephone number of a person who
will answer any question Makers may have regarding such notice.

 

(d)              
Following the occurrence and continuation of an Event of Default (as defined herein) or after maturity and including the
period after any judgment has been rendered with respect hereto, the interest rate payable hereunder may, at the election of Holder,
increase by 2.00% per annum from the date of the occurrence of such Event of Default until written waiver of the Event of Default
by Holder or payment of all principal, interest and other amounts due hereunder in full.

 

2.            Representations.
Makers hereby represent and warrant as follows:

 

(a)               
Each of Mediabistro and MB Subsidiary is a corporation duly formed, validly existing and in good standing under the laws
of the State of Delaware, with all requisite power and authority to conduct its business. Inside Network is a corporation duly
formed, validly existing and in good standing under the laws of the State of California, with all requisite power and authority
to conduct its business.

 

(b)              
Each Maker is duly qualified and/or licensed to conduct its business, and is in good standing in each of the jurisdictions
in which it conducts its business, except where the failure to so qualify would not have a material adverse effect on the business,
assets, liabilities or operations of a Maker.

 

(c)               
Each Maker has full power and authority to execute and deliver this Note and to perform its obligations hereunder.

 

(d)              
Each Maker has duly executed and delivered this Note. This Note is a legal, valid and binding obligation of each Maker,
enforceable against such Maker in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, fraudulent conveyance or other similar laws affecting the enforcement of creditors’ rights generally and
general equitable principles.

 

(e)               
Since June 30, 2013, there has been no event, occurrence, fact, condition, change, development or effect that, individually
or in the aggregate, would constitute, result in or have a material adverse effect on a Maker or its business, assets, liabilities
or operations.

 

3.            Events of Default. The entire unpaid principal sum hereof and all accrued and unpaid interest thereon shall at once
become due and payable upon the occurrence of any of the following events for any reason (each, an “Event of Default”):
(a) the failure by Makers to fully pay any installment of principal or interest due hereunder within 30 business days after the
same shall have become due; (b) if any Maker shall become insolvent or shall generally not, or shall be unable to, or shall admit
in writing its inability to, pay its debts as they become due, shall suspend its business operations or a material part thereof
or make an assignment for the benefit of creditors, shall apply for, consent to, or acquiesce in, the appointment of a trustee,
receiver or other custodian for it or any of its property or such trustee, receiver or custodian shall be otherwise appointed,
or shall commence or have commenced against it any proceeding under any bankruptcy, reorganization, arrangement, readjustment of
debt, dissolution or liquidation law or statute of any jurisdiction; or (c) the dissolution or liquidation of any Maker, or the
taking of any company or corporate action by any Maker for the purpose of facilitating the same. 

 

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Upon the occurrence and
continuation of an Event of Default hereunder, Holder may, at its election in its sole and absolute discretion, (x) declare the
entire outstanding balance under this Note to be, and this Note shall thereupon be and become, immediately due and payable and/or
(y) exercise any other rights and/or remedies available to Holder at law, in equity or under this Note. In the case of an Event
of Default of the character described in clause (b) above, the principal of this Note shall forthwith become due and payable, together
with interest accrued thereon (including any interest accruing after the commencement of any action or proceeding under the federal
bankruptcy laws, as now or hereafter constituted, or any other applicable domestic or foreign federal or state bankruptcy, insolvency
or other similar law, and any other interest that would have accrued but for the commencement of such proceeding, whether or not
any such interest is allowed as an enforceable claim in such proceeding), without presentment, demand, protest or other notice
of any kind, all of which are hereby expressly waived, and Makers shall forthwith upon any such acceleration pay to the Holder
the entire principal of and interest accrued on the Note.

 

4.             Change of Control. In the event of a “Change of Control” (as defined herein) of any Maker, the remaining
principal balance and all accrued and unpaid interest of this Note may, at the election of the Holder and upon written notice to
Makers, be due and payable concurrently with the closing of such event which constitutes a Change of Control. A “Change
of Control” shall be (a) any sale of all or substantially all of any Maker’s assets or equity interests (whether
in a single transaction or a series of related transactions) to an independent third party that is not controlled by, or affiliated
with, Mediabistro or (b) any merger, consolidation, restructuring or reorganization of any Maker with or into another company through
one or a series of related transactions if Mediabistro or the common equity holders of Mediabistro, as the case may be, immediately
prior to the transaction possess less than 50% of the voting power of the surviving entity immediately after such transaction.

 

5.             BOFI
Note. The Payee has funded this Note with a portion of the proceeds of the Consolidated Interest-Only Period Adjustable Rate
Note dated August 27, 2013 (the “BOFI Note”) of Payee to BOFI Federal Bank (“BOFI”) in the
original principal amount of $9,850,000. Payee and Makers intend that the principal and interest payments hereunder will be utilized
by Payee to make payments due under the BOFI Note. Notwithstanding anything herein to the contrary, this Note must be repaid in
full if Payee is required to repay the BOFI Note whether due to an Event of Default by Makers under this Note or otherwise. Until
this Note is paid in full, Makers shall pay any and all of Payee’s reasonable out of pocket costs or expenses (including,
without limitation, attorneys’ fees, title insurance fees, recording costs and mortgage taxes) related to, arising out of,
or in connection with, the execution, delivery and negotiation this Note or the BOFI Note or the transactions contemplated hereby
or thereby and any enforcement or collection proceedings related to this Note or the BOFI Note.

 

6.             Waiver.
Makers hereby waive demand, presentment, protest, notice of protest, notice of dishonor, diligence in collection, notice of nonpayment
and all notices of a like nature in connection with this Note. No delay on the part of the Holder in exercising any right hereunder
shall operate as a waiver of such right or any other right. Any term of this Note may be amended or waived with the written consent
of Makers and the Holder.

 

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7.             Prepayment.
This Note may be prepaid at any time, in whole or in part, at the option of Makers, without penalty or premium. All payments hereunder,
including, without limitation, any partial prepayment, shall be applied first to all costs and expenses due to Holder pursuant
to the terms of this Note, then to accrued and unpaid interest and the balance, if any, to principal outstanding hereunder. Any
repayment upon a Change of Control or any other prepayment shall be made directly to BOFI if the BOFI Note continues to remain
outstanding and this Note is collateral for the BOFI Note.

 

8.             Jury
Trial Waiver. Makers and Holder waive their right to a jury trial in connection with any action arising under or relating
to this Note. Makers and Holder acknowledge that they make these waivers knowingly, voluntarily and only after consideration of
the ramifications of these waivers with their respective legal counsel.

 

9.             Successors
and Assigns. This Note shall inure to the benefit of Holder and its successors and assigns and shall be binding upon Makers
and any successor to their businesses, whether by merger or otherwise. No Maker may assign or delegate its obligations or responsibilities
under this Note without Holder’s prior written consent. Makers consent to the collateral assignment of this Note to BOFI
in connection with the BOFI Note.

 

10.           Joint
and Several. Each Maker and each and every other endorser, guarantor and surety of this Note, and all others who may become
liable for all or any part of this obligation, do hereby agree that their liability hereunder shall be joint and several and hereby
waive demand, presentment for payment, protest, notice of protest and notice of nonpayment of this Note, and do hereby consent
to any number of renewals or extensions of the time of payment hereof, and agree that any such renewal or extension may be without
notice to any of said parties and without affecting their liability hereunder, and further consent to the release of any part
or parts or all of the security for the payment hereof and to the release of any party or parties liable hereon, all without affecting
the liability of the other persons, partnerships or corporations liable for the payment of this Note.

 

11.           Governing
Law. This Note shall be governed by, and construed in accordance with, the laws of the State of New York, applicable to contracts
made and to be wholly performed within said State. Each Maker irrevocably and unconditionally agrees that any legal action arising
under or in connection with this Note is to be instituted in the state or federal courts located in the State of New York.

 

 

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12.           Invalidity. Any term or provision of this Note that is held by a court of competent jurisdiction or other authority
to be invalid, void or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the
remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation
or in any other jurisdiction. If the final judgment of a court of competent jurisdiction or other authority declares that any term
or provision hereof is invalid, void or unenforceable, the parties agree that the court making such determination shall have the
power to reduce the scope, duration or applicability of the term or provision, to delete specific words or phrases, or to replace
any invalid, void or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest
to expressing the intention of the invalid or unenforceable term or provision. Notwithstanding any provisions of this Note to the
contrary, the rate of interest and other amounts to be paid by Makers to Holder under this Note shall not exceed the highest or
the maximum rate of interest permitted to be charged by Holder under applicable laws. Any amounts paid by Makers to Holder in excess
of such rate shall be deemed to be partial prepayments of principal hereunder.

 

13.           Amendment and Restatement. This Note is given to amend, restate and replace the Existing Note, but shall not result
in repayment or extinguishment of the unpaid indebtedness evidenced by the Existing Note. All indebtedness formerly evidenced by
the Existing Note and unpaid on the date hereof shall now be evidenced by this Note, and as of the date hereof, the Existing Note
shall no longer evidence such outstanding indebtedness. This Note shall not be considered to be a novation of the Existing Note
as this Note evidences the same indebtedness.

 

 

	 	
        MAKERS:

         

        MEDIABISTRO INC.
	 
	 	 	 	 
	 	By:	/s/ Mitchell Eisenberg	 
	 	Name:  	Mitchell Eisenberg	 
	 	Title: 	EVP and GC	 

 

 

	 	MEDIABISTRO.COM SUBSIDIARY INC.	 
	 	 	 	 
	 	By:	/s/ Mitchell Eisenberg	 
	 	Name:  	Mitchell Eisenberg	 
	 	Title: 	EVP and GC	 

 

 

	 	INSIDE NETWORK, INC.	 
	 	 	 	 
	 	By:	/s/ Mitchell Eisenberg	 
	 	Name:  	Mitchell Eisenberg	 
	 	Title: 	EVP and GC	 

 

 

    	6

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