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LOCM > SEC Filings for LOCM > Form 8-K on 16-Jul-2013All Recent SEC Filings

Show all filings for LOCAL CORP

Form 8-K for LOCAL CORP


Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.

On July 10, 2013, Local Corporation (the "Registrant") entered into a Dual Distribution Agreement (the "Agreement") with LLC ("YP"). The Agreement provides for the distribution of YP's various business listing by Registrant across Registrant's owned and operated sites and its network of sites for which the Registrant is compensated only a monthly basis. The effective date of the Agreement is July 1, 2013 and it ends on June 30, 2014. The Agreement allows either party to terminate the Agreement earlier in the event of a breach by the other party to the Agreement of the provisions of the Agreement or for convenience, upon 60 days prior written notice. The Agreement contains provisions regarding the implementation of the YP business listings by the Registrant. The Agreement also contains certain indemnification obligations of the Registrant and YP in the event of a breach of the Agreement by such party and in other circumstances.

The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement which is filed as Exhibit 10.1 with portions omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. Exhibit 10.1 is a redacted copy of the Agreement and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit 10.1(1) Dual Distribution Agreement, effective July 1, 2013, by and between the Registrant and LLC.

(1) Application has been made with the Securities and Exchange Commission to seek confidential treatment of certain provisions. Omitted material for which confidential treatment has been requested has been filed separately with the Securities and Exchange Commission.

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