Item 1.01 Entry into a Material Definitive Agreement.

Amendment to Yahoo! Agreement

On September 29, 2012, Local Corporation (the "Registrant") entered into Amendment Number 8 (the "Yahoo Amendment") to that certain Yahoo! Publisher Network Agreement with Yahoo! Inc. and Yahoo! SARL dated August 25, 2010, as amended by Amendment Number 1, dated August 30, 2010, Amendment Number 2, dated April 4, 2011, Amendment Number 3, dated May 6, 2011, Amendment Number 4, dated July 29, 2011, Amendment Number 5, dated April 12, 2012, Amendment Number 6, dated May 29, 2012, and by Amendment Number 7, dated August 1, 2012 (collectively, the "Yahoo Agreement"). The Yahoo Amendment adjusts the termination date of the Yahoo Agreement to October 31, 2012 and adjusts certain revenue share information. The effective date of the Yahoo Amendment is September 29, 2012. The Registrant has entered into this short term extension as it continues to negotiate a multi-year agreement with Yahoo! Inc.

The foregoing description of the Yahoo Amendment is qualified in its entirety by reference to the full text of the Yahoo Amendment which is filed as Exhibit 10.1 hereto.

Item 9.01 Financial Statements and Exhibits.

Exhibit 10.1 Amendment Number 8 dated September 29, 2012, to Yahoo! Publisher Network Contract, as amended, dated August 30, 2010, by and among the Registrant, Yahoo! Inc., and Yahoo! SARL.

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