Delaware
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01-0692341
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(State
or other jurisdiction of
incorporation
or organization)
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(I.R.S.
Employer
Identification
Number)
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Harvey
J. Kesner, Esq.
61
Broadway
Suite
3200
New
York, New York 10006
(212)
981-6766
(212)
930-9725 Facsimile
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Michael
D. Harris, Esq.
Harris
Cramer LLP
1555
Palm Beach Lakes Boulevard
Suite
310
West
Palm Beach, Florida 33401
(561)
478-7077
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Large
accelerated filer ¨
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Accelerated
filer ¨
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Non-accelerated
filer ¨
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Smaller
reporting company x
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Title of Each Class of Securities to be Registered
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Amount to
be
registered
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Proposed
maximum
offering price
per share
(1)(2)
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Proposed
maximum
aggregate
offering price
(2)
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Amount of
registration fee
(2)
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||||||||||||
Primary
Offering Common Stock, par value $0.001 per share (3)(4)
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2,875,000 | $ | 5.00 | $ | 14,375,000 | $ | 802.13 | |||||||||
Secondary
Offering Common Stock, par value $0.001 per share (3)(4)
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1,150,000 | $ | 5.00 | $ | 5,750,000 | $ | 320.85 | |||||||||
Total(4)
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4,025,000 | $ | 5.00 | $ | 20,125,000 | $ | 1,122.98 |
(1)
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The
proposed maximum aggregate offering price per class of security will be
determined from time to time by the registrant and the selling
shareholders in the secondary offering in connection with the issuance by
the registrant or the sale by the selling shareholders of the securities
registered hereunder and is not specified as to each class of security
pursuant to General Instruction II.D of Form S-3 under the Securities
Act. At no time will the aggregate maximum offering price of
all securities issued in the primary offering in any given 12 month period
exceed the amount allowed for in General Instruction I.B.6. unless the
registrant is eligible for the amount allowed in General Instruction
I.B.1.
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(2)
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Estimated
solely for the purpose of calculating the registration fee in accordance
with Rule 457 (a) and 457 (c) under the Securities Act. The
price per share and aggregate offering price are based on $5.00, the
average of the high and low prices on The NASDAQ Capital Market on
November 16, 2009.
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(3)
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Pursuant
to Rule 416 under the Securities Act, the shares being registered
hereunder include such indeterminate number of shares of common stock as
may be issuable from time to time with respect to the shares being
registered hereunder as a result of stock splits, stock dividends or
similar transactions.
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(4)
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“Amount
to be registered” includes up to 15% of such number of shares that the
underwriters in any underwritten offering may elect to purchase from the
registrant and the selling shareholder to cover over-allotments, if
any. “Amount of registration fee” has been calculated inclusive
of such additional number of shares which may be sold to cover
over-allotments, if any.
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Page
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PROSPECTUS SUMMARY
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3 |
RISK FACTORS
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3 |
NOTE REGARDING FORWARD-LOOKING
STATEMENTS
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4 |
USE OF PROCEEDS
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4 |
SELLING STOCKHOLDER
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5 |
PLAN OF DISTRIBUTION
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6 |
LEGAL MATTERS
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8 |
EXPERTS | 8 |
INCORPORATION OF CERTAIN DOCUMENTS BY
REFERENCE
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8 |
WHERE YOU CAN FIND ADDITIONAL
INFORMATION
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9 |
EX-5.1
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EX-23.1
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·
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The
length and severity of the global economic
recession;
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·
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The
ability to grow through acquisitions and the ability to finance and
integrate acquisitions;
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·
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The
availability, and cost, of publishing inventory and the willingness or
publishers to permit third parties, such as us, to manage that
inventory;
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·
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Customer
and agency requirements and desires to utilize the Internet as an
advertising medium;
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·
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FTC
and other regulatory rules, new initiatives and guidelines, and regulatory
acceptance of our present business strategies and
practices;
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·
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Our
technology needs and technological developments;
and
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·
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Our
estimates concerning capital requirements and need for additional
financing.
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Name
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Number of
securities
beneficially
owned before
offering
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Number of
securities
to be
offered
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Number of
securities
owned after
offering
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Percentage of
securities
beneficially
owned after
offering
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||||||||||||
Michael
Brauser (1)
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% | |||||||||||||||
Barry
Honig (2)
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% | |||||||||||||||
Michael
Mathews (3)
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% | |||||||||||||||
Michael
Katz (4)
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% | |||||||||||||||
Total
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1,000,000 |
(1)
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Mr.
Michael Brauser is a Co-Chairman of our Board of Directors. Of
the shares being offered by Mr. Brauser in this prospectus: (1) _____ are
held jointly with his wife, Betsy Brauser and (ii) _______ are held by BMB
Holdings LLLP, of which Mr. Brauser is the General
Partner. Mrs. Brauser disclaims beneficial ownership of the
shares held by BMB Holdings LLLP.
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(2)
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Mr.
Barry Honig is a Co-Chairman of our Board of
Directors.
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(3)
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Mr.
Michael Mathews is our Chief Executive
Officer.
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(4)
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Mr.
Michael Katz is our President.
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•
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through
underwriters or dealers for resale to the public or to institutional
investors;
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•
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directly
to a limited number of institutional purchasers or to a single
purchaser;
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•
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through
agents; or
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•
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if
indicated in the prospectus supplement, pursuant to delayed delivery
contracts, by remarketing firms or by other
means.
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•
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the
name or names of any underwriters, dealers or
agents;
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•
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the
purchase price of such securities and the proceeds to us from such
sale;
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•
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any
underwriting discounts, agency fees and other items constituting
underwriters’ or agents’
compensation;
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•
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the
public offering price;
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•
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any
discounts or concessions that may be allowed or reallowed or paid to
dealers and any securities exchanges on which the securities may be
listed; and
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•
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the
securities exchange on which the securities may be listed, if
any.
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·
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Ordinary brokerage transactions
and transactions in which the broker-dealer solicits
purchasers;
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·
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Block trades in which the
broker-dealer will attempt to sell the shares as agent but may position
and resell a portion of the block as principal to facilitate the
transaction;
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·
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Purchases by a broker-dealer as
principal and resale by the broker-dealer for its
account;
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·
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An exchange distribution in
accordance with the rules of the applicable
exchange;
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·
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Privately negotiated
transactions;
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·
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Short
sales;
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·
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Broker-dealers may agree with the
selling shareholders to sell a specified number of such shares at a
stipulated price per share;
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·
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Writing of options on the
shares;
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·
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A combination of any such methods
of sale; and
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·
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Any other method permitted
pursuant to applicable law.
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·
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Our
Annual Report on Form 10-K for the fiscal year ended December 31, 2008,
filed with the SEC on March 31,
2009.
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·
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Our
Current Reports on Form 8-K filed with the SEC (excluding any information
which is furnished and not filed with the SEC) on January 2, 2009,
February 9, 2009, February 11, 2009, March 4, 2009, May 4, 2009, May 14,
2009, June 11, 2009, June 26, 2009, August 11, 2009, August 13, 2009,
September 3, 2009, September 11, 2009, September 29, 2009, September 30,
2009, September 30, 2009, October 8, 2009, October 23, 2009 and November
4, 2009..
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·
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Our
Quarterly Report for the quarter ended March 31, 2009 on Form 10-Q filed
with the SEC on May 14, 2009.
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·
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Our
Quarterly Report for the quarter ended June 30, 2009 on Form 10-Q filed
with the SEC on August 11, 2009.
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·
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Our
Quarterly Report for the quarter ended September 30, 2009 on Form 10-Q
filed with the SEC on November 16,
2009.
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·
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The
description of our Risk Factors contained in our Quarterly Report for the
quarter ended September 30, 2009 on Form 10-Q filed with the SEC on
November 16, 2009.
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·
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The
description of our common stock contained in our Exchange Act Registration
Statement on Form 8-A12B filed with the SEC on November 4, 2009
incorporating the description contained in our Registration Statement on
Form S-1/A filed with the SEC August 24,
2009.
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·
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All
documents filed by us with the SEC pursuant to Sections 13(a), 13(c), 14
or 15(d) of the Exchange Act after the date of this prospectus and prior
to the termination of this
offering.
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SEC
registration fees
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$
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1,925
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||
Legal
fees and expenses
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$
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15,000
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Accounting
fees and expenses
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$
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3,000
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Printing
and miscellaneous expenses
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$
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7,500
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Total
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$
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27,425
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No.
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Description
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3.1
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Certificate
of Amendment to the Certificate of Incorporation of interCLICK, Inc.
(incorporated by reference to Exhibit 3.3 to Registration Statement on
Form 8-A12B (File No. 001-34523) filed November 3,
2009)
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3.3
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Certificate
of Amendment to Certificate of Incorporation of Customer Acquisition
Network Holdings, Inc. (incorporated by reference to Exhibit 3.1 to
Current Report on Form 8-K filed July 1, 2008))
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3.4
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Amended
and Restated Certificate of Incorporation of Outsiders Entertainment, Inc.
(incorporated by reference to
Exhibit
3.1 to Current Report on Form 8-K filed September 4,
2007)
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3.5
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By-Laws
of Customer Acquisition Network Holdings, Inc. (incorporated by reference
to
Exhibit
3.2 to Current Report on Form 8-K filed September 4,
2007)
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5.1
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Opinion
of Harris Cramer LLP
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23.1
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Consent
of Independent Registered Public Accounting Firm
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23.2
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Consent
of Harris Cramer LLP (included in Exhibit 5.1)
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24.1
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Power
of Attorney (included on the signature page
hereto)
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(a)
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The
undersigned registrant hereby
undertakes:
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(i)
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If
the registrant is relying on Rule
430B:
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(a)
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Each
prospectus filed by the registrant pursuant to Rule
424(b)(3) shall be deemed to be part of the registration
statement as of the date the filed prospectus was deemed part of and
included in the registration statement;
and
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(b)
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Each
prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or
(b)(7) as part of a registration statement in reliance on Rule 430B
relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x),
for the purpose of providing the information required by section 10(a) of
the Securities Act of 1933 shall be deemed to be part of and included in
the registration statement as of the earlier of the date such form of
prospectus is first used after effectiveness or the date of the first
contract of sale of securities in the offering described in the
prospectus. As provided in Rule 430B, for liability purposes of the issuer
and any person that is at that date an underwriter, such date shall be
deemed to be a new effective date of the registration statement relating
to the securities in the registration statement to which that prospectus
relates, and the offering of such securities at that time shall be deemed
to be the initial bona fide offering thereof. Provided, however, that no
statement made in a registration statement or prospectus that is part of
the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus
that is part of the registration statement will, as to a purchaser with a
time of contract of sale prior to such effective date, supersede or modify
any statement that was made in the registration statement or prospectus
that was part of the registration statement or made in any such document
immediately prior to such effective date;
or
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(c)
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If
the Registrant is subject to Rule 430C, each prospectus filed
pursuant to Rule 424(b) as part of a registration statement relating to an
offering, other than registration statements relying on Rule 430B or
other than prospectuses field in reliance on Rule 430A, shall be
deemed to be part of and included in the registration statement as of the
date it is first used after effectiveness. Provided, however, that no
statement made in a registration statement or prospectus that is part of
the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus
that is part of the registration statement will, as to a purchaser with a
time of contract of sale prior to such first use, supersede or modify any
statement that was made in the registration statement or prospectus that
was part of the registration statement or made in any such document
immediately prior to such date of first
use.
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(b)
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The
undersigned registrant hereby undertakes that, for purposes of determining
any liability under the Securities Act of 1933, each filing of the
registrant's annual report pursuant to section 13(a) or section 15(d) of
the Securities Exchange Act of 1934 (and, where applicable, each filing of
an employee benefit plan's annual report pursuant to section 15(d) of the
Securities Exchange Act of 1934) that is incorporated by reference in the
registration statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such
securities at that time shall be deemed to be the initial bona fide
offering thereof.
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(c)
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Insofar
as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of
the registrant pursuant to the foregoing provisions, or otherwise, the
registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against public policy as
expressed in the Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment
by the registrant of expenses incurred or paid by a director, officer or
controlling person of the registrant in the successful defense of any
action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the
registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
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(d)
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The
undersigned registrant hereby undertakes
that:
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interCLICK,
INC.
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||
By:
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/s/
Michael Mathews
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Michael
Mathews
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Chief
Executive Officer
(Principal
Executive Officer)
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Signatures
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Title
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Date
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||
/s/
Roger Clark
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Chief
Financial Officer (Principal Financial Officer and Principal Accounting
Officer)
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November 17, 2009
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||
Roger
Clark
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||||
/s/
Michael Brauser
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Co-Chairman
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November
17, 2009
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||
Michael
Brauser
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||||
/s/
Barry Honig
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Co-Chairman
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November
17, 2009
|
||
Barry
Honig
|
||||
/s/
Brett Cravatt
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Director
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November
17, 2009
|
||
Brett
Cravatt
|
||||
/s/
Michael Katz
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Director
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November
17, 2009
|
||
Michael
Katz
|
||||
/s/
Michael Mathews
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Director
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November
17, 2009
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||
Michael
Mathews
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No.
|
Description
|
|
3.1
|
Certificate
of Amendment to the Certificate of Incorporation of interCLICK, Inc.
(incorporated by reference to Exhibit 3.3 to Registration Statement on
Form 8-A12B (File No. 001-34523) filed November 3,
2009)
|
|
3.3
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Certificate
of Amendment to Certificate of Incorporation of Customer Acquisition
Network Holdings, Inc. (incorporated by reference to Exhibit 3.1 to
Current Report on Form 8-K filed July 1, 2008))
|
|
3.4
|
Amended
and Restated Certificate of Incorporation of Outsiders Entertainment, Inc.
(incorporated by reference to
Exhibit
3.1 to Current Report on Form 8-K filed September 4,
2007)
|
|
3.5
|
By-Laws
of Customer Acquisition Network Holdings, Inc. (incorporated by reference
to
Exhibit
3.2 to Current Report on Form 8-K filed September 4,
2007)
|
|
5.1
|
Opinion
of Harris Cramer LLP
|
|
23.1
|
Consent
of Independent Registered Public Accounting Firm
|
|
23.2
|
Consent
of Harris Cramer LLP (included in Exhibit 5.1)
|
|
24.1
|
Power
of Attorney (included on the signature page
hereto)
|