3-Dec-2010
Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
On December 2, 2010, Vertro, Inc. ("Vertro") and Google Inc. entered into Amendment Number One to the Google Services Agreement Order Form, dated January 1, 2009, and Google Services Agreement, dated January 1, 2009 (the "Amendment").
The Amendment is effective as of January 1, 2011.
Under the Amendment, Vertro, and its subsidiaries, have agreed to utilize Google's WebSearch, on an exclusive basis, and AdSense Services, on a non-exclusive basis, for approved websites and applications.
Approved websites and applications include websites and applications from Vertro's subsidiary ALOT, Inc. that have implemented Google WebSearch and AdSense Services under the current Google Services Agreement. Pursuant to the terms of the Amendment, Vertro and its subsidiaries will generate revenues when consumers click through listings to Google advertisers' websites.
The Amendment contains customary termination provisions and has a renewal term from January 1, 2011 to December 31, 2012, unless either party elects not to continue after December 31, 2011 by providing written notice thereof at least 60 days prior to December 31, 2011.
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