Yippy, Inc. (YIPI)

[236T568]

The Original Wording on the Vivisimo Licensing Agreement:


Item 1.01 Entry into a Material Definitive Agreement

On May 17, 2010 Yippy, Inc., formerly Cinnabar Ventures, Inc. (the “Company”), entered into a license agreement (the “License Agreement”) with Vivisimo, Inc. (“Vivisimo”) granting the Company a non-exclusive, world-wide right to the use of “Velocity,” a software information optimization platform that unifies access to secure business repositories, presents relevant information and enables knowledge sharing across an enterprise, for use in connection with computer applications currently being developed by the Company. In connection with the License Agreement, the Company acquired the domain Clusty.com (www.clusty.com), a metasearch engine, and all sub-domains and scripts related thereto, pursuant to a purchase agreement (the “Purchase Agreement”) between the Company and Vivisimo, in which among other things, Vivisimo agreed not to compete with the Company in the consumer search area for a period of two years.