Classmates.com 2003 Annual Report Download - page 71

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(e) Represents the net increase in valuation allowance due primarily to an increase in acquired net operating loss carryforwards in
connection with the Merger, which are available to offset future taxable income, pursuant to IRS Notice 2003-65, the benefit of
which is not more likely than not to be realized, as well as the decrease in deferred tax liabilities.
F-38
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PART I
ITEM 1. BUSINESS
ITEM 2. PROPERTIES
ITEM 3. LEGAL PROCEEDINGS
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
ITEM 6. SELECTED FINANCIAL DATA
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
PART III
PART IV
SIGNATURES
EXHIBIT INDEX
UNITED ONLINE, INC. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
REPORT OF INDEPENDENT AUDITORS
UNITED ONLINE, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts)
UNITED ONLINE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (in thousands,
except per share amounts)
UNITED ONLINE, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (in thousands)
UNITED ONLINE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands)
REPORT OF INDEPENDENT AUDITORS ON FINANCIAL STATEMENT SCHEDULE
UNITED ONLINE, INC. SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS (in thousands)
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Exhibit 10.7
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
This Amended and Restated Employment Agreement (the "Agreement") is made and entered into effective as of the 27
th
day of
January 2004 by and between United Online, Inc., a Delaware corporation (the "Company"), with principal corporate offices at 2555
Townsgate Road, Westlake Village, California 91361, and Mark Goldston, whose address is 14139 Beresford Road, Beverly Hills, California
90210 ("Employee").
WHEREAS, the Employee had previously entered into an employment agreement (the "Prior Agreement") effective March 20, 1999, with
NetZero, Inc., a wholly
-owned subsidiary of the Company; and
WHEREAS, the Prior Agreement was amended in July 1999, February 9, 2001 and October 1, 2003 and, effective as of the date hereof,
the Employee and the Company desire to further amend the Prior Agreement.
NOW THEREFORE, the Employee and the Company hereby amend and restate the Prior Agreement as follows.
1. Employment .