Document:

EX-10.1

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (this
“Agreement”) is made and entered into effective as of May 3, 2012 (the “Effective Date”), by and between George Allen (the “Executive”) and InfoSpace, Inc. (the
“Company”). 
 RECITALS 
 WHEREAS, the Company and Geronimo LLC (the “LLC”) entered into a consulting agreement dated as of November 2, 2011, (the “Consulting Agreement”);

 WHEREAS, the Executive is the sole member of the LLC; 

WHEREAS, the Company now desires to employ the Executive as Executive Vice President, Corporate Development of the Company; 

WHEREAS, the Company and the Executive acknowledge that pursuant to Section 3.01 of the Consulting Agreement, the Consulting
Agreement will automatically terminate concurrent with the commencement of the Executive’s employment with the Company; 

WHEREAS, the Company and the Executive wish to amend the nonqualified stock option to purchase 200,000 shares of the Company’s
common stock granted in connection with the Consulting Agreement (the “2011 Stock Option”); 
 NOW
THEREFORE, in consideration of the foregoing, the mutual covenants contained herein, the employment of the Executive by the Company, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows: 
 1. Certain Definitions 

(a) “Base Salary” has the meaning set forth in Section 5(a). 

(b) “Board” means the Board of Directors of the Company. 

(c) “Cause” means, as determined by the Board in its reasonable discretion: (i) the Executive’s
conviction of, or plea of guilty or nolo contendere to, a misdemeanor involving dishonesty, wrongful taking of property, immoral conduct, bribery or extortion or any felony; (ii) willful material misconduct by the Executive in connection
with the business of the Company; (iii) the Executive’s continued and willful failure to perform substantially his responsibilities to the Company under this Agreement, after written demand for substantial performance has been given by the
Board that specifically identifies how the Executive has not substantially performed his responsibilities; (iv) the Executive’s improper disclosure of confidential information or other material breach of this Agreement, including the
Supplementary Terms of Employment (Exhibit A hereto); (v) the Executive’s material fraud or dishonesty against the Company; (vi) the Executive’s willful and material breach of the Company’s written code of
conduct and business ethics or other material written policy, procedure or guideline in effect from time to time (provided that the Executive was given access 

 
to a copy of such policy, procedure or guideline prior to the alleged breach) relating to personal conduct; or (vii) the Executive’s willful attempt to obstruct or willful failure to
cooperate with any investigation authorized by the Board or any governmental or self-regulatory entity. Any determination of Cause by the Company shall be made by a resolution approved by a majority of the members of the Board, provided that, with
respect to Section 1(c)(iii), the Board must give the Executive notice and 60 days to cure the substantial nonperformance. 

(d) “Change of Control” means the occurrence of any of the following: 

(i) any “person” (as defined in Sections 13(d) and 14(d) of the Exchange Act), excluding for this purpose, (A) the
Company or any subsidiary of the Company or (B) any employee benefit plan of the Company or any subsidiary of the Company, or any person or entity organized, appointed or established by the Company for or pursuant to the terms of any such plan
that acquires beneficial ownership of voting securities of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing more than
50% of the combined voting power of the Company’s then outstanding securities; 
 (ii) consummation of a
reorganization, merger or consolidation of the Company, in each case, unless, following such transaction, all or substantially all the individuals and entities who were the beneficial owners of outstanding voting securities of the Company
immediately prior to such transaction beneficially own, directly or indirectly, more than 50% of the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors of the company
resulting from such transaction (including, without limitation, a company that, as a result of such transaction, owns the Company or all or substantially all the Company’s assets either directly or through one or more subsidiaries) in
substantially the same proportions as their ownership immediately prior to such transaction of the outstanding voting securities of the Company; 
 (iii) any sale or disposition by the Company, in one transaction or a series of related transactions, of all or substantially all the Company’s assets; 

(iv) a “Board Change” which, for purposes of this Agreement, shall have occurred if a majority of the seats on
the Board are occupied by individuals who were neither (A) nominated by a majority of the Incumbent Directors nor (B) appointed by directors so nominated (“Incumbent Director” means a member of the Board who has
been either (1) nominated by a majority of the directors of the Company then in office or (2) appointed by directors so nominated, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result
of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a person other
than the Board); or 
 (v) an approval by the stockholders of the Company of a complete liquidation or dissolution of the
Company. 
 (e) “Code” means the Internal Revenue Code of 1986, as amended. 

  
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 (f) “Company Transaction” means a Change of Control or a Significant
Corporate Transaction. 
 (g) “Constructive Termination” means the occurrence, on a date that is prior
to the two-month period prior to the consummation of a Company Transaction or after the 12-month period following the consummation of a Company Transaction, of any of the following without the Executive’s express prior written consent:
(i) a material reduction of or to the Executive’s duties, responsibilities or title (a change in reporting relationship alone does not constitute such a material reduction) or (ii) a material reduction by the Company of the
Executive’s Base Salary, unless similarly situated executives also experience a reduction. Notwithstanding the foregoing, a Constructive Termination shall not exist unless (x) the Executive delivers written notice to the Company (the
“Constructive Termination Notice”) of the existence of the condition which the Executive believes constitutes a Constructive Termination within 30 days of the initial existence of such condition (which Constructive
Termination Notice specifically identifies such condition), (y) the Company fails to remedy such condition within 30 days after the date on which it receives such notice (the “Constructive Termination Cure Period”),
and (z) the Executive actually terminates employment within 30 days after the expiration of the Constructive Termination Cure Period. 
 (h) “Disability” means the Executive’s inability to perform his employment duties to the Company hereunder, with or without reasonable accommodation, for 180 days (in the
aggregate) in any one-year period as determined by an independent physician selected by the Company. 
 (i) “Exchange
Act” means the Securities Exchange Act of 1934, as amended. 
 (j) “Good Reason” means the
occurrence of any of the following without the Executive’s express prior written consent: (i) a material reduction of or to the Executive’s duties, title, responsibilities or reporting relationship; (ii) a material reduction of
the Executive’s Base Salary; (iii) a material reduction of the Executive’s Target Bonus; (iv) a material reduction in the kind or level of employee benefits to which the Executive is entitled that occurs within 12 months
following a Company Transaction, unless similarly situated employees also experience a reduction; (v) in connection with a Company Transaction, the failure of the Company to assign this Agreement to a successor to the Company or the failure of
a successor to the Company to explicitly assume and agree to be bound by this Agreement in a writing delivered to the Executive; or (vi) a material breach of this Agreement by the Company. 

Notwithstanding the foregoing, termination of employment by the Executive will not be for Good Reason unless (x) the Executive
delivers written notice to the Company (the “Good Reason Notice”) of the existence of the condition which the Executive believes constitutes Good Reason within 30 days of the initial existence of such condition (which
Good Reason Notice specifically identifies such condition), (y) the Company fails to remedy such condition within 30 days after the date on which it receives such notice (the “Good Reason Cure Period”), and
(z) the Executive actually terminates employment within 30 days after the expiration of the Good Reason Cure Period. 

  
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 (k) “Release” means a full release of claims against the Company
substantially in the form attached hereto as Exhibit B; provided, however, that notwithstanding the foregoing, such Release is not intended to and will not waive the Executive’s rights: (i) to indemnification pursuant to
any applicable provision of the Company’s Bylaws or Certificate of Incorporation, as amended, pursuant to any written indemnification agreement between the Executive and the Company, or pursuant to applicable law; (ii) to vested benefits
or payments specifically to be provided to the Executive under this Agreement or any Company employee benefit plans or policies; or (iii) respecting any claims the Executive may have solely by virtue of the Executive’s status as a
stockholder of the Company. The Release also shall not include claims that an employee cannot lawfully release through execution of a general release of claims. 
 (l) “Section 409A” means Section 409A of the Code and the Treasury Regulations and official guidance issued in respect of Section 409A of the Code. 

(m) “Significant Corporate Transaction” means an acquisition, purchase of assets or equity interests, merger,
consolidation, joint venture, partnership, business combination, tender or exchange offer, recapitalization or similar transaction (a “Transaction”), other than a Transaction with a subsidiary or another corporation or other
entity that is controlled by the Company, with a Transaction Value equal to or greater than $100 million in the aggregate. 

(n) “Target Bonus” has the meaning set forth in Section 5(b). 

(o) “Target’s Fully Diluted Shares Outstanding” means the total number of shares of common stock of the
Target outstanding plus the total net number of shares calculated on a “treasury stock” basis of common stock issuable upon exercise, conversion or exchange of any outstanding securities exercisable, convertible or exchangeable into or for
shares of common stock of the Target, including, without limitation, all outstanding stock options of the Target. 
 (p)
“Transaction Value” means the sum of (i) (A) in the case of a Transaction involving the capital stock or equity of another corporation or other entity (a “Target”), the total fair market
value (at the time of closing) of all consideration paid or payable, or otherwise to be distributed, directly or indirectly, in respect of a share of Target capital stock in connection with the Transaction multiplied by the Target’s Fully
Diluted Shares Outstanding and (B) in the case of a Transaction involving assets of the Target, the total fair market value (at the time of closing) of all consideration paid or payable, directly or indirectly, to the Target in connection with
the Transaction, plus (without duplication) (ii) the amount of all indebtedness for borrowed money, preferred stock, capital leases and any other liabilities and obligations for borrowed money on the Target business’s financial statements
immediately following the closing or directly or indirectly assumed, retired, repaid, redeemed or defeased in connection with a Transaction, plus (iii) the aggregate fair market value (at the time of any closing) of any other consideration
(tangible or intangible) paid by the Company. For purposes of this definition, consideration includes cash, securities, property, rights (contractual or otherwise), any dividends payable to stockholders of the Target after the date hereof (other
than normal, ordinary course, recurring dividends) and any other form of consideration. 

  
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 2. Duties and Scope of Employment 

The Company shall employ the Executive in the position of Executive Vice President, Corporate Development. The Executive shall report to
the Company’s Chief Executive Officer. The Executive will render such business and professional services in the performance of the Executive’s duties, consistent with the Executive’s position within the Company, as shall be reasonably
assigned to the Executive at any time and from time to time by the Chief Executive Officer. Upon termination of the Executive’s employment for any reason, unless otherwise requested by the Chief Executive Officer, the Executive will be deemed
to have resigned from all positions held at the Company and its affiliates voluntarily, without any further action by the Executive, as of the end of the Executive’s employment, and the Executive, at the Chief Executive Officer’s request,
will execute any documents necessary to reflect his resignation. 
 3. Obligations 

While employed hereunder, the Executive will perform his duties ethically, faithfully and to the best of the Executive’s ability and
in accordance with law and Company policy. The Executive agrees not to actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without the express prior written approval of the
Company’s Chief Executive Officer; provided, however, that notwithstanding anything to the contrary in the Company’s Supplementary Terms of Employment attached hereto as Exhibit A, the Executive may engage in charitable
activities so long as such activities do not materially interfere with the Executive’s responsibilities to the Company. 

4. Agreement Term 
 Unless earlier terminated as provided herein, the term of this Agreement (the “Agreement Term”) shall be for a period of three years commencing on the Effective Date, and may be
extended thereafter upon the written mutual agreement of the Executive and the Company. 
 5. Compensation and Benefits

 (a) Base Salary. The Company agrees to pay the Executive a base salary (the “Base Salary”) at
an annual rate of not less than $250,000, payable in accordance with the regular payroll practices of the Company, but not less frequently than monthly. The Executive’s Base Salary shall be subject to annual review by the Board (or a committee
thereof). 
 (b) Annual Bonus. During the Agreement Term, the Executive shall be eligible to participate in the
Company’s bonus and other incentive compensation plans and programs for the Company’s senior executives at a level commensurate with his position. The Executive shall have the opportunity to earn an annual target bonus (the
“Target Bonus”) measured against criteria to be determined by the Board (or a committee thereof) of at least 55% of Base Salary; provided that the Target Bonus for fiscal year 2012 shall be 55% of the actual amount of Base
Salary earned by the Executive for the year; and provided, further, that the performance criteria for fiscal year 2012 shall be based 25% on attainment of Company adjusted EBITDA and 75% on the successful accomplishment of business development and
other agreed objectives. 

  
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 (c) Equity Awards. The Executive will participate in all Company long-term incentive
programs extended to senior executives of the Company generally at levels commensurate with the Executive’s position, as determined by the Board (or a committee thereof). 
 (d) 2012 Stock Options. Employee will be granted two stock options to purchase shares of the Company’s common stock, one to purchase 50,000 shares subject to service-based vesting (the
“Time-Vested 2012 Option Grant”) and one to purchase 150,000 shares subject to performance-based vesting (the “Performance-Vested 2012 Option Grant”), each such option to be at an exercise price per
share equal to the closing price of the Company’s common stock as reported on the Nasdaq Global Select Market on the date of grant (or, if there is no such reported price on the date of such grant, the closing price on the trading day on the
Nasdaq Global Select Market immediately first preceding the date of grant), and to be subject to the terms and conditions of the Company’s Restated 1996 Flexible Stock Incentive Plan. The date of grant for each such option shall be set by the
Board (or a committee thereof). The Time-Vested 2012 Option Grant shall in addition be subject to the terms and conditions of the Time-Vested 2012 Nonqualified Stock Option Letter Agreement in the form approved by the Board (or a committee thereof),
and the Performance-Vested 2012 Option Grant shall in addition be subject to the Performance-Vested 2012 Nonqualified Stock Option Letter Agreement in the form approved by the Board (or a committee thereof); provided, however, that in the event of a
conflict between the terms and conditions of the stock option letter agreements referenced above and this Agreement, the terms and conditions of this Agreement shall prevail. 
 (e) 2011 Stock Option. The grant agreement for the 2011 Stock Option shall be amended as set forth in Amendment No. 1 to 2011 Nonqualified Stock Option Letter Agreement in the form approved by
the Board (or a committee thereof). 
 (f) Benefits. The Executive and his eligible dependents shall be eligible to
participate in the employee benefit plans that are available or that become available to other employees of the Company, with the adoption or maintenance of such plans to be in the discretion of the Company, subject in each case to the generally
applicable terms and conditions of the plan or program in question and to the determination of any committee administering such plan or program. Such benefits shall include participation in the Company’s group medical, life, disability, and
retirement plans, and any supplemental plans available to senior executives of the Company from time to time. The Company reserves the right to change or terminate its employee benefit plans and programs at any time. 

(g) Expenses. The Company shall reimburse the Executive for reasonable business expenses incurred by the Executive in the
furtherance of or in connection with the performance of the Executive’s duties hereunder, in accordance with the Company’s expense reimbursement policy as in effect from time to time. 

6. Termination of Employment 
 (a) General Provisions. This Agreement and the Executive’s employment with the Company may be terminated by either the Executive or the Company at will at any time with or without Cause;
provided, however, that the parties’ rights and obligations upon such termination 

  
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during the Agreement Term shall be as set forth in applicable provisions of this Agreement; and provided, further, that Section 6(d) provides for payments in the event of certain
terminations of employment after the expiration of the Agreement Term. 
 (b) Any Termination by Company or Executive. In
the event of any termination of Executive’s employment with the Company, whether by the Company or by the Executive, (i) the Company shall pay the Executive any unpaid Base Salary due for periods prior to the date of termination of
employment (“Termination Date”); (ii) the Company shall pay the Executive any unpaid bonus compensation pursuant to Section 5(b), to the extent earned through the Termination Date; (iii) the Company shall pay
the Executive all of the Executive’s accrued and unused “paid time off” (PTO), if any, through the Termination Date; and (iv) following submission of proper expense reports by the Executive, the Company shall reimburse the
Executive for all expenses reasonably and necessarily incurred by the Executive in connection with the business of the Company through the Termination Date (collectively, the “Accrued Obligations”). The Accrued Obligations
shall be paid promptly upon termination and within the period of time mandated by applicable law (but, in any event, within 30 days after the Termination Date). The Accrued Obligations paid or provided pursuant to this Section 6(b) shall
be in addition to the payments and benefits, if any, to be provided to the Executive upon his termination of employment pursuant to Section 6(c), 6(d), 6(e), or 6(f). Except as expressly stated above or as required by law or this Agreement, the
Executive shall receive no further compensation in any form other than as set forth in this Section 6(b). 
 (c)
Termination by Company Without Cause or Constructive Termination. If, other than in connection with a Company Transaction as described in Section 6(d), the Executive’s employment with the Company is terminated by the Company without
Cause or the Executive terminates employment with the Company under circumstances constituting a Constructive Termination, then subject to Section 6(g), the Executive shall receive the following payments and benefits: 

(i) a severance payment in an amount equal to one times the Executive’s Base Salary in effect as of the Termination Date (less
applicable withholding taxes), which amount shall be payable in a single lump sum on the first payroll date that is at least 60 days following the Termination Date (but, in any event, by no later than March 15 of the calendar year
immediately following the calendar year that includes the Termination Date), in accordance with Section 13(b)(ii); and 

(ii) a lump-sum payment in an amount equal to (A) the monthly COBRA premium in effect under the Company’s group health plan as
of the Termination Date for the coverage in effect under such plan for the Executive (and the Executive’s spouse and dependent children) on such date multiplied by (B) 12, which amount shall be payable in a single lump sum on the first
payroll date that is at least 60 days following the Termination Date (but, in any event, by no later than March 15 of the calendar year immediately following the calendar year that includes the Termination Date), in accordance with
Section 13(b)(ii). 
 Notwithstanding any provision to the contrary in any Company equity compensation plan or any
outstanding equity award agreement, if, during the Agreement Term, the Executive terminates employment with the Company under circumstances described in this Section 6(c), there shall be no acceleration of vesting or exercisability of any
outstanding equity awards or extension of any option post-termination exercise period. 

  
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 For the avoidance of doubt, under no circumstances will the Executive be entitled to
payments and benefits under both this Section 6(c) and Section 6(d). 
 (d) Termination of Employment in Connection
With a Company Transaction. If the Company terminates the Executive’s employment without Cause or the Executive terminates employment with the Company for Good Reason (1) on the day of or during the 12-month period immediately
following the consummation of a Company Transaction or (2) during the 2-month period prior to the consummation of a Company Transaction but at the request of any third party participating in or causing the Company Transaction or otherwise in
connection with the Company Transaction, then subject to Section 6(g), the Executive shall receive the following payments and benefits: 
 (i) a severance payment in an amount equal to one times the Executive’s Base Salary in effect as of the Termination Date and his then current Target Bonus amount (in each case less applicable
withholding taxes), which amount shall be payable in a single lump sum on the first payroll date that is at least 60 days following the Termination Date (but, in any event, by no later than March 15 of the calendar year immediately
following the calendar year that includes the Termination Date), in accordance with Section 13(b)(ii); 
 (ii) a lump-sum
payment in an amount equal to (A) the monthly COBRA premium in effect under the Company’s group health plan as of the Termination Date for the coverage in effect under such plan for the Executive (and the Executive’s spouse and
dependent children) on such date multiplied by (B) 12, which amount shall be payable in a single lump sum on the first payroll date that is at least 60 days following the Termination Date (but, in any event, by no later than March 15
of the calendar year immediately following the calendar year that includes the Termination Date), in accordance with Section 13(b)(ii); and 
 (iii) notwithstanding any provision to the contrary in any applicable equity compensation plan or any outstanding equity award agreement, the treatment of the Executive’s outstanding equity awards
shall be governed solely by the following provisions: (A) all of the Executive’s then-outstanding equity awards shall fully vest and all restrictions thereon shall lapse and (B) to the extent vested (including as a result of the
acceleration provided under this Section 6(d)(iii)), all of the Executive’s outstanding stock options shall remain exercisable until the first to occur of 24 months following the Termination Date and each such stock option’s
original expiration date; provided, however, that all of the Executive’s outstanding equity awards granted prior to the effective date of this Agreement (other than outstanding stock options granted prior to the effective date of this
Agreement) shall also be governed by Section 16 of the Company’s Restated 1996 Flexible Stock Incentive Plan and the award agreements for those equity awards. 
 If a Company Transaction is consummated prior to the expiration of the Agreement Term, this Section 6(d) shall apply to a termination of the Executive’s employment by the Company without Cause
or by the Executive for Good Reason during the 12-month period immediately following the consummation of the Company Transaction even if such 12-month 

  
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period extends past the expiration of the Agreement Term. Moreover, notwithstanding the expiration of the Agreement Term, if a Company Transaction is consummated within two months after the
expiration of the Agreement Term, then this Section 6(d) shall apply to a termination of the Executive’s employment by the Company without Cause or by the Executive for Good Reason (i) on the day of or during the 12-month period
immediately following the consummation of the Company Transaction or (ii) during the 2-month period prior to the consummation of the Company Transaction but at the request of any third party participating in or causing the Company Transaction
or otherwise in connection with the Company Transaction. 
 For the avoidance of doubt, the payments and benefits described
under this Section 6(d) and the Accrued Obligations shall be the only payments and benefits to which the Executive is entitled in the event that the Executive’s employment terminates under this Section 6(d). 

(e) Death. In the event of the Executive’s death while employed hereunder, and subject to Section 6(g), the
Executive’s beneficiary (or such other person(s) specified by will or the laws of descent and distribution) shall be entitled to receive a lump-sum payment in an amount equal to three months’ Base Salary in effect as of the Termination
Date (less applicable withholding taxes), which amount shall be payable in a single lump sum on the first payroll date that is at least 60 days following the Termination Date (but, in any event, by no later than March 15 of the calendar
year immediately following the calendar year that includes the Termination Date), in accordance with Section 13(b)(ii). 

(f) Disability. In the event of the Executive’s termination of employment with the Company due to Disability, and subject to
Section 6(g), the Executive shall be entitled to receive a lump-sum payment in an amount equal to six months Base Salary in effect as of the Termination Date (less applicable withholding taxes), which amount shall be payable in a single lump
sum on the first payroll date that is at least 60 days following the Termination Date (but, in any event, by no later than March 15 of the calendar year immediately following the calendar year that includes the Termination Date), in
accordance with Section 13(b)(ii). 
 (g) Release and Other Conditions. The payments and benefits described in
Sections 6(c) through 6(f) are expressly conditioned on (i) the Executive (or, in the case of the Executive’s death, the Executive’s representative) signing and delivering (and not revoking thereafter) a Release to the Company
(which, in the case of the Executive’s death, also releases any claims by the Executive’s estate or survivors), which Release is executed, delivered and effective no later than 60 days following the Termination Date and (ii) the
Executive continuing to satisfy any obligations to the Company under this Agreement, the Release and the Supplementary Terms of Employment that are attached hereto as Exhibit A and incorporated herein by reference, and any other
agreement(s) between the Executive and the Company. In the event the Release described in Section 6(g)(i) is not executed, delivered and effective by the 60th day after the Termination Date, none of such payments or benefits shall be provided
to the Executive. 
 7. Section 280G 
 (a) Amount of Payments and Benefits. Notwithstanding anything to the contrary herein, in the event that the Executive becomes entitled to receive or receives any payments,

  
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options, awards or benefits (including, without limitation, the monetary value of any noncash benefits and the accelerated vesting of equity-based awards) under this Agreement or under any other
plan, agreement or arrangement with the Company or any person affiliated with the Company (collectively, the “Payments”), that may separately or in the aggregate constitute “parachute payments” within the meaning of
Section 280G of the Code and the Treasury Regulations promulgated thereunder (or any similar or successor provision) (collectively, “Section 280G”) and it is determined that, but for this Section 7(a), any of
the Payments will be subject to any excise tax pursuant to Section 4999 of the Code or any similar or successor provision (the “Excise Tax”), the Company shall pay to the Executive either (i) the full amount of the
Payments or (ii) an amount equal to the Payments, reduced by the minimum amount necessary to prevent any portion of the Payments from being an “excess parachute payment” (within the meaning of Section 280G) (the
“Capped Payments”), whichever of the foregoing amounts results in the receipt by the Executive, on an after-tax basis, of the greatest amount of Payments notwithstanding that all or some portion of the Payments may be subject
to the Excise Tax. For purposes of determining whether the Executive would receive a greater after-tax benefit from the Capped Payments than from receipt of the full amount of the Payments, (i) there shall be taken into account any Excise Tax
and all applicable federal, state and local taxes required to be paid by the Executive in respect of the receipt of such payments and (ii) such payments shall be deemed to be subject to federal income taxes at the highest rate of federal income
taxation applicable to individuals that is in effect for the calendar year in which the payments and benefits are to be paid, and state and local income taxes at the highest rate of taxation applicable to individuals in the state and locality of the
Executive’s residence on the effective date of the relevant transaction described under Section 280G(b)(2)(A)(i) of the Code, net of the maximum reduction in federal income taxes that could be obtained from deduction of such state and
local taxes (as determined by assuming that such deduction is subject to the maximum limitation applicable to itemized deductions under Section 68 of the Code and any other limitations applicable to the deduction of state and local income taxes
under the Code). 
 (b) Computations and Determinations. All computations and determinations called for by this
Section 7 shall be made by an independent accounting firm or independent tax counsel appointed by the Company (the “Tax Counsel”), and all such computations and determinations shall be conclusive and binding on the
Company and the Executive. For purposes of such calculations and determinations, the Tax Counsel may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Tax Counsel shall submit
its determination and detailed supporting calculations to both the Executive and the Company within 15 days after receipt of a notice from either the Company or the Executive that the Executive may receive payments which may be considered
“parachute payments.” The Company and the Executive shall furnish to the Tax Counsel such information and documents as the Tax Counsel may reasonably request in order to make the computations and determinations called for by this
Section 7. The Company shall bear all costs that the Tax Counsel may reasonably incur in connection with the computations and determinations called for by this Section 7. 

(c) Reduction Methodology. In the event that Section 7(a) applies and a reduction is required to be applied to the Payments
thereunder, the Payments shall be reduced by the Company in its reasonable discretion in the following order: (i) reduction of any Payments that are subject to Section 409A on a pro-rata basis or such other manner that complies with
Section 409A, as determined by the Company, and (ii) reduction of any Payments that are exempt from Section 409A. 

  
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 8. No Impediment to Agreement 

The Executive hereby represents to the Company that the Executive is not, as of the date hereof, and will not be, during the
Executive’s employment with the Company, employed under contract, oral or written, by any other person, firm or entity, and is not and will not be bound by the provisions of any restrictive covenant or confidentiality agreement that would
constitute an impediment to, or restriction upon, the Executive’s ability to enter this Agreement and to perform the duties of the Executive’s employment. 
 9. Supplementary Terms of Employment 
 The Supplementary Terms of
Employment attached hereto as Exhibit A are incorporated herein by reference. The Supplementary Terms of Employment shall survive the termination of this Agreement and/or the Executive’s employment with the Company. 

10. Arbitration 
 The parties agree that any employment-related disputes between the Executive and the Company are subject to binding arbitration in accordance with the Supplementary Terms of Employment that are attached
hereto as Exhibit A and incorporated herein by reference. 
 11. Successors; Personal Services

 The services and duties to be performed by the Executive hereunder are personal and may not be assigned or delegated. This
Agreement shall be binding upon and inure to the benefit of the Company and its successors and assigns, and the Executive and the Executive’s heirs and representatives. 
 12. Notices 
 Notices and all other communications contemplated by this
Agreement shall be in writing and shall be deemed to have been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of the Executive, mailed notices
shall be addressed to the Executive at the home address the Executive most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be
directed to the attention of its General Counsel. 
 13. Section 409A 

(a) The parties intend that this Agreement and the payments and benefits provided hereunder be exempt from the requirements of
Section 409A, to the maximum extent possible, whether pursuant to the short-term deferral exception described in Treasury Regulation Section 1.409A-1(b)(4), the involuntary separation pay plan exception described in Treasury Regulation
Section 1.409A-1(b)(9)(iii), or otherwise. To the extent Section 409A is applicable 

  
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to this Agreement, the parties intend that this Agreement and any payments and benefits thereunder comply with the deferral, payout and other limitations and restrictions imposed under
Section 409A. Notwithstanding anything herein to the contrary, this Agreement shall be interpreted, operated and administered in a manner consistent with such intentions. 
 (b) Without limiting the generality of the foregoing, and notwithstanding any other provision of this Agreement to the contrary: 
 (i) if the Executive is deemed on the date of termination to be a “specified employee” within the meaning of that term under Section 409A, then with regard to any payment that is considered
a “deferral of compensation” under Section 409A payable on account of a “separation from service,” such payment shall be made on the date which is the earlier of (A) the date that is six months and one day after the
date of such “separation from service” of the Executive and (B) the date of the Executive’s death (the “Delay Period”), to the extent required under Section 409A. Within ten business days following
the expiration of the Delay Period, all payments delayed pursuant to this Section 13(b)(i) (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid to the Executive in a lump
sum, and all remaining payments due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for those payments in this Agreement; 
 (ii) to the extent that any payments or benefits under this Agreement are conditioned on a Release, if the Release is executed and delivered by the Executive to the Company and becomes irrevocable and
effective within the specified 60-day post-termination period, then, subject to Section 13(b)(i) and to the extent not exempt under Section 409A, such payments or benefits shall be made or commence on the first payroll date after the date
that is 60 days after the Termination Date (but, in any event, by no later than March 15 of the calendar year immediately following the calendar year that includes the Termination Date). If a payment or benefit under this Agreement is
conditioned on a Release and such Release is not executed, delivered and effective by the 60th day after the Termination Date, such payment or benefit shall not be paid or provided to the Executive; 

(iii) all expenses or other reimbursements under this Agreement shall be made on or prior to the last day of the taxable year following
the taxable year in which such expenses were incurred by the Executive (provided that if any such reimbursements constitute taxable income to the Executive, such reimbursements shall be paid no later than March 15 of the calendar year following
the calendar year in which the expenses to be reimbursed were incurred). No such reimbursement or expenses eligible for reimbursement in any taxable year shall in any way affect the expenses eligible for reimbursement in any other taxable year, and
the Executive’s right to reimbursement shall not be subject to liquidation in exchange for any other benefit; 
 (iv) for
purposes of Section 409A, the Executive’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement
specifies a payment period with reference to a number of days (e.g., “payment shall be made within 30 days”), the actual date of payment within the specified period shall be within the sole discretion of the Company; 

  
 -12-

 (v) in no event shall any payment under this Agreement that constitutes a “deferral of
compensation” for purposes of Section 409A be offset by any other payment pursuant to this Agreement or otherwise; and 
 (vi) to the extent required for purposes of compliance with Section 409A, termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for
the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A, and for purposes of any such provision of this
Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” 
 (c) The Company and the Executive agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions that may be necessary, appropriate, or desirable to
avoid imposition of additional tax or income recognition on the Executive under Section 409A, in each case to the maximum extent permitted. Notwithstanding any provision of this Agreement to the contrary, (i) in no event will the Company
be liable for any additional tax, interest or penalty that may be imposed on the Executive by Section 409A or damages for failing to comply with Section 409A and (ii) the Executive acknowledges and agrees that the Executive will not
have any claim or right of action against the Company or any of its employees, officers, directors or agents in the event it is determined that any payment or benefit provided hereunder does not comply with Section 409A. 

14. Miscellaneous Provisions 
 (a) Waiver. No provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by the Executive and by an
authorized officer of the Company (other than the Executive). No waiver by either party of any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or
provision or of the same condition or provision at another time. 
 (b) Entire Agreement. This Agreement (including
exhibits) shall supersede and replace all prior agreements or understandings relating to the subject matter hereof, and no agreements, representations or understandings (whether oral or written or whether express or implied) that are not expressly
set forth in this Agreement have been made or entered into by either party with respect to the relevant matters hereof. This Agreement may not be modified except expressly in a writing signed by both parties. 

(c) Choice of Law. The validity, interpretation, construction and performance of this Agreement shall be governed by the internal
substantive laws of the State of Washington without reference to any choice of law rules. 
 (d) Severability. The
invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

  
 -13-

 (e) No Assignment of Benefits. The rights of any person to payments or benefits under
this Agreement shall not be made subject to option or assignment, either by voluntary or involuntary assignment or by operation of law, in respect of bankruptcy, garnishment, attachment or other creditor’s process, and any action in violation
of this Section 14(e) shall be void. 
 (f) No Duty to Mitigate. The Executive shall not be required to mitigate the
amount of any payment contemplated by this Agreement, nor shall any such payment be reduced by any earnings that the Executive may receive from any other source. 
 (g) Employment Taxes. All payments made pursuant to this Agreement will be subject to withholding of all applicable income, employment and other taxes. 

(h) Assignment by Company. The Company may assign its rights under this Agreement to an affiliate (as defined under the Exchange
Act), and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company. In the case of any such assignment, the term “Company” when used in a section of this Agreement shall mean the
corporation that actually employs the Executive. 
 (i) Counterparts. This Agreement may be executed in counterparts,
each of which shall be deemed an original, but all of which together will constitute one and the same instrument. 
 IN WITNESS
WHEREOF, each of the parties has executed this Agreement, in the case of the Company by its duly authorized officer, as of the day and year first above written. 

 

			
	COMPANY:
	
	INFOSPACE, INC.
		
	By:	 	 /s/ William J. Ruckelshaus

	Name:	 	William J. Ruckelshaus
	Title:	 	President and Chief Executive Officer
	
	EXECUTIVE:
	
	 /s/ George Allen

	George Allen

  
 -14-

 EXHIBIT A 

SUPPLEMENTARY TERMS OF EMPLOYMENT – MANAGERIAL/PROFESSIONAL 

 Supplementary Terms of Employment – Managerial/Professional 

In consideration of my employment by InfoSpace, Inc., a Delaware corporation, its subsidiaries, affiliates, successors or assigns
(collectively herein “InfoSpace” or the “Company”), and in consideration of the compensation now and hereafter paid to me, I agree to the following terms and conditions of my employment relationship with InfoSpace (the
“Agreement”) which supplement the terms of my original offer letter and/or my employment agreement with the Company: 
 Section
I – General Terms 
 1. At-Will Employment: I acknowledge that my employment will be of indefinite duration and that either
InfoSpace or I will be free to terminate this employment relationship at will at any time with or without cause. I also acknowledge that any representations to the contrary are unauthorized and void, unless contained in a separate written employment
contract signed by the Chief Executive Officer of InfoSpace. I further acknowledge that the terms and conditions of this Agreement shall survive termination of my employment. 
 2. Outside Activities and Investments: I will devote my best efforts to furthering the best interests of InfoSpace. During my employment, I will not engage in any activity or investment (other than
an investment of less than one percent (1%) of the shares of a company traded on a registered stock exchange), that (a) conflicts with InfoSpace’s business interest, including without limitation, any business activity contemplated by
this Agreement, (b) occupies my attention so as to interfere with the proper and efficient performance of my duties at InfoSpace, or (c) interferes with the independent exercise of my judgment in InfoSpace’s best interests. 

 Also, during my employment by InfoSpace, I will not actively engage in any other employment, occupation or consulting
activity for any direct or indirect remuneration without the prior approval of the Company’s Chief Executive Officer. I have listed on the Company’s Outside Activity Disclosure form, attached hereto as Exhibit A, any business
activities or ventures with which I am currently involved. 
 As used herein, “InfoSpace’s business” means all content,
technology, services or products that, during my employment, InfoSpace (i) produces, provides, markets, licenses, distributes or supports or (ii) actively and demonstrably is researching and developing or preparing to produce, provide,
market, license, distribute or support. 
 3. Return of Company Property: At the time I leave the employ of InfoSpace or at
InfoSpace’s request, I will return to InfoSpace all papers, drawings, notes, memoranda, manuals, specifications, designs, devices, documents, diskettes and tapes, and any other material on any media containing or disclosing any confidential or
proprietary technical or business information of InfoSpace or any third party to whom InfoSpace owes a duty of confidentiality. I will also return any keys, pass cards, identification cards or any other property belonging to InfoSpace.

 4. Obligation to Disclose This Agreement: For a period of one (1) year after termination of my employment for any reason (the
“Post-Employment Year”), I agree to inform any new employer, prior to accepting any such new employment, of the existence and terms of this Agreement and to provide such new employer with a copy of this Agreement.  

  
 -2-

 Section II – Non-Disclosure 
 5. Non-Disclosure of InfoSpace Information: During my employment with InfoSpace and at any time thereafter, I will not disclose to anyone outside InfoSpace nor use for any purpose other than my
work for InfoSpace any confidential or proprietary technical, financial, marketing, distribution or business information or trade secrets of InfoSpace, including without limitation, concepts, techniques, processes, methods, systems, designs, cost
data, computer programs, formulas, development or experimental work, work in progress, or information or details regarding InfoSpace’s relationships with customers, vendors, partners and suppliers (collectively “InfoSpace Confidential
Information”). I will also not disclose any InfoSpace Confidential Information inside InfoSpace except on a “need to know” basis. If I have any questions as to what comprises such InfoSpace Confidential Information, or to whom, if
anyone, inside InfoSpace, it may be disclosed, I will consult my manager at InfoSpace. 
 6. Non-Disclosure of Third-Party Information
Obtained through InfoSpace: InfoSpace has received and will receive confidential and proprietary information from third parties subject to a duty on InfoSpace’s part to maintain the confidentiality of such information and to use it only for
certain limited purposes. During my employment with InfoSpace and thereafter, I will not disclose such confidential or proprietary information to anyone except as necessary in carrying out my work for InfoSpace and consistent with InfoSpace’s
agreement with such third party. I will not use such information for the benefit of anyone other than InfoSpace or such third party, or in any manner inconsistent with any agreement between InfoSpace and such third party of which I am made aware.

 7. Non-Disclosure of Third-Party Information Obtained Elsewhere: During my employment at InfoSpace I will not improperly use or
disclose any confidential or proprietary information or trade secrets of my former or current employers, principals, partners, co-ventures, clients, customers, or suppliers, or the vendors or customers of such persons or entities, unless such
persons or entities have given consent to my use or disclosure. I will not violate any non-disclosure or proprietary rights agreement I might have signed in connection with any such person or entity. 

Section III – Invention Assignment, Release and Cooperation 
 8. Invention Assignment and Release: I will make prompt and full disclosure to InfoSpace, will hold in trust for the sole benefit of InfoSpace, and will assign and hereby do assign exclusively to
InfoSpace all my right, title and interest in and to any and all inventions, discoveries, designs, developments, improvements, copyrightable material, and trade secrets (collectively herein “Inventions”) that I, solely or jointly, may
conceive, develop, or reduce to practice during the period of time I am in the employ of InfoSpace. I hereby waive and quitclaim to InfoSpace any and all claims of any nature whatsoever that I now or hereafter may have for infringement of any patent
resulting from any patent applications for any Inventions so assigned to InfoSpace. I will assign to InfoSpace or its designee all right, title and interest in and to any and all Inventions full title to which may be required to be in the United
States by any contract between InfoSpace and the United States or any of its agencies. 
 My obligation to assign shall not
apply to any Invention about which I can prove that it was developed entirely on my own time; and 
  

	 	a)	No equipment, supplies, facility, or trade secret information of InfoSpace was used in its development; and 

 

	 	b)	It does not relate (1) directly to the business of InfoSpace or (2) to the actual or demonstrably anticipated research or development of InfoSpace; and

  

	 	c)	It does not result from any work performed by me for InfoSpace. 

  
 -3-

 9. Prior Inventions: I have listed and described on Exhibit B, attached hereto, all Inventions
belonging to me and made by me prior to my employment at InfoSpace that I wish to have excluded from this Agreement. If Exhibit B is left blank, I represent that there are no such Inventions. If, in the course of my employment at InfoSpace, I
use in or incorporate into an InfoSpace product, process, or machine an Invention owned by me or in which I have an interest that is not on Exhibit B and is related (1) directly to the business of InfoSpace or (2) to the actual or
demonstrably anticipated research or development of InfoSpace, InfoSpace is hereby granted and shall have a non-exclusive, fully-paid up, royalty-free, irrevocable, worldwide license to make, have made, use and sell that Invention without
restriction as to the extent of my ownership or interest. 
 10. Cooperation: I will execute any proper oath or verify any proper
document in connection with carrying out the terms of this Agreement. If, because of my mental or physical incapacity or for any other reason whatsoever, InfoSpace is unable to secure my signature to apply for or to pursue any application for any
United States or foreign patent or copyright covering Inventions assigned to InfoSpace as stated above, I hereby irrevocably designate and appoint InfoSpace and its duly authorized officers and agents as my agent and attorney in fact, to act for me
and in my behalf and stead to execute and file any such applications and to all other lawfully permitted acts to further the prosecution and issuance of U.S. and foreign patents and copyrights thereon with the same legal force and effect as if
executed by me. I will testify at InfoSpace’s request and expense in any interference, litigation, or other legal proceeding that may arise during or after my employment. 
 Section IV – Non-Competition and Non-Solicitation 
 11. Non-Competition:
During the Post-Employment Year, I will not accept employment with any entity whose business is, or engage in any activities that are, competitive with or substantially similar to InfoSpace’s business (as defined in Paragraph 2).

 12. Non-Solicitation: While employed at InfoSpace and during the Post-Employment Year, on my own behalf or on behalf of any other
person or entity, I will not solicit, induce or attempt to influence directly or indirectly any employee of InfoSpace to work for me or any other person or entity for whom I work or intend to work, nor will I solicit, induce or attempt to influence
directly or indirectly any customer, business partner, supplier or vendor of InfoSpace to terminate his/her/its business relationship with InfoSpace. 
 Section V – Arbitration 
 13. Mutual Agreement to Arbitrate: I understand
that InfoSpace is committed to resolving any employment related disputes and claims efficiently and effectively, while preserving due process safeguards, through the use of binding arbitration. I agree that any dispute and/or claim between InfoSpace
(including without limitation its officers, directors, employees agents or shareholders) and me that underlies, relates to and/or results from my employment relationship with InfoSpace or any of the terms of this Agreement, including the
confidentiality, non-compete and non-solicitation requirements, that cannot be resolved by mutual agreement of InfoSpace and me will be submitted to final, binding arbitration to the maximum extent permitted by law in accordance with the
National Rules for the Resolution of Employment Disputes of the American Arbitration Association that are then in effect.  
 I understand that this Agreement governs any claim I have that underlies, relates to and/or results from my employment relationship with InfoSpace or the termination of that relationship, including, but
not limited to, claims of wrongful discharge, infliction of emotional distress, breach of contract (including breach of this Agreement), breach of any 

  
 -4-

 
covenant of good faith and fair dealing, and claims of retaliation and/or discrimination in violation of any local, state or federal law. Examples of such laws include Title VII of the Civil
Rights Act of 1964; the Age Discrimination in Employment Act of 1967; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; RCW Chapter 49.60, and all amendments to each such Act as well as the regulations issued
thereunder. 
 14. Excluded from Arbitration: This Agreement does not affect my right to pursue worker’s compensation or
unemployment compensation benefits for which I may be eligible in accordance with state law, nor does it affect my right to file and/or to cooperate in the investigation of an administrative charge of discrimination. 

15. Arbitration Remedies and Awards: I understand that I may seek in arbitration any remedy or award that would be available to me through civil
litigation and the arbitrator has authority to grant any such remedy or award. I agree that such remedies include monetary damages but do not include reinstatement unless authorized by statute. 

16. Arbitration Fees: I understand that InfoSpace, as further consideration for my agreement to arbitrate covered disputes, agrees to pay for the
arbitrator’s fees and other costs directly associated with the arbitration that would not otherwise be charged if the parties pursued civil litigation in court. 
 17. Injunctive or Other Relief: I understand that, pursuant to this Agreement, I and InfoSpace forego and waive the right to take any covered dispute or claim to civil litigation in court. However,
I understand that either I or InfoSpace may apply to any court of competent jurisdiction for a temporary restraining order, preliminary injunction, or other interim or conservatory relief, as necessary, without breach of this Agreement and without
abridgement of the powers of the arbitrator.  
 Section VI – Miscellaneous Terms 

18. Choice of Law and Venue: I agree that this Agreement shall be governed for all purposes by the laws of the state of Washington as such laws
apply to contracts to be performed within Washington by residents of Washington and that venue for any action arising out of this Agreement shall be exclusively laid in King County, Washington or in the Federal District Court of the Western District
of Washington. In any matter that is presented to an arbitrator under this Agreement, I agree that the location of the arbitration hearing(s) will be in King County, Washington, unless another location is mutually agreed upon. 

19. Conflicting Provisions: If any provision of this Agreement shall be declared excessively broad, it shall be construed or modified so as to
afford InfoSpace the maximum protection permissible by law. If any provision of this Agreement is void or so declared, such provision shall be severed from this Agreement, which shall otherwise remain in full force and effect.  

20. Entire Agreement: This Agreement sets forth the entire Agreement of the parties as to the subject matter hereof and any representations,
promises, or conditions in connection therewith not in writing and signed by both parties shall not be binding upon either party. 

21. Acknowledgment: I acknowledge that I have had a full opportunity to read this Agreement before signing it. I confirm that I understand its
terms and believe them to be reasonable, and I agree that InfoSpace’s offer of employment or continued employment is sufficient consideration for this Agreement. 

  
 -5-

 HAVING READ AND FULLY UNDERSTOOD THIS AGREEMENT, I have signed my name this date. 

 

					
	Signature of Employee:	 	 /s/ George Allen
	 	
			
	Name of Employee:	 	 George Allen
	 	

					
			
	Date:	 	 May 3, 2012
	 	

  
 -6-

 EXHIBIT B 
 GENERAL RELEASE OF ALL CLAIMS 
 This General Release and Waiver of Claims
(this “Release”) is executed by George Allen (“Executive”) as of the date set forth below, and will become effective as of the “Effective Date” as defined below. This Release is in consideration of severance benefits to
be paid to Executive by InfoSpace, Inc., a Delaware corporation (the “Company”) pursuant to Amended and Restated Employment Agreement between Executive and the Company dated as of May 3, 2012 (the “Employment Agreement”).
Execution of this Release without revocation by Executive will satisfy the requirement, set forth in Section 6(g) of the Employment Agreement, that Executive execute a general release and waiver of claims in order to receive severance benefits
pursuant to the Employment Agreement. 
  

	1.	Termination of Employment 

Executive acknowledges that his employment with the Company and any of its subsidiaries (collectively, the “Company Group”) and
any and all appointments he held with any member of the Company Group, whether as officer, director, employee, consultant, agent or otherwise, terminated as of
                    (the “Termination Date”). Effective as of the Termination Date, Executive has not had or exercised or purported
to have or exercise any authority to act on behalf of the Company or any other member of the Company Group, nor will Executive have or exercise or purport to have or exercise such authority in the future. 

 

	2.	Waiver and Release 

  

	(a)	Executive, for and on behalf of himself and his or heirs and assigns, hereby waives and releases any common law, statutory or other complaints, claims, charges or
causes of action arising out of or relating to Executive’s employment or termination of employment with, or Executive’s serving in any capacity in respect of any member of the Company Group (collectively, “Claims”). The Claims
waived and released by this Release include any and all Claims, whether known or unknown, whether in law or in equity, which Executive may now have or ever had against any member of the Company Group or any shareholder, employee, officer, director,
agent, attorney, representative, trustee, administrator or fiduciary of any member of the Company Group (collectively, the “Company Releasees”) up to and including the date of Executive’s execution of this Agreement. The Claims
waived and released by this Release include, without limitation, any and all Claims arising out of Executive’s employment with the Company Group under, by way of example and not limitation, the Age Discrimination in Employment Act of 1967
(“ADEA”, a law which prohibits discrimination on the basis of age against persons age 40 and older), the National Labor Relations Act, the Civil Rights Act of 1991, the Americans With Disabilities Act of 1990, Title VII of the
Civil Rights Act of 1964, the Employee Retirement Income Security Act of 1974, the Family Medical Leave Act, the Securities Act of 1933, the Securities Exchange Act of 1934, and the Washington Law Against Discrimination, all as amended, and all
other federal, state and local statutes, ordinances, regulations and the common law, and any and all Claims arising out of any express or implied contract, except as described in Paragraphs 2(b) and 2(c) below. 

  
 -7-

	(b)	The waiver and release set forth in this Section 2 is intended to be construed as broadly and comprehensively as applicable law permits. The waiver and release
shall not be construed as waiving or releasing any claim or right that as a matter of law cannot be waived or released, including Executive’s right to file a charge with the Equal Employment Opportunity Commission or other government agency;
however, Executive waives any right to recover monetary remedies and agrees that he will not accept any monetary remedy as a result of any such charge or as a result of any legal action taken against the Company by any such agency.

  

	(c)	Notwithstanding anything else in this Release, Executive does not waive or release claims with respect to: 

 

	 	(i)	Executive’s entitlement, if any, to severance benefits pursuant to the Employment Agreement; 

 

	 	(ii)	vested benefits or payments specifically to be provided to the Executive pursuant to the Employment Agreement or any Company employee benefit plans or policies;

  

	 	(iii)	indemnification pursuant to any applicable provision of the Company’s Bylaws or Certificate of Incorporation, as amended, pursuant to any written indemnification
agreement between the Executive and the Company, or pursuant to applicable law; 

  

	 	(iv)	any claims which the Executive may have solely by virtue of the Executive’s status as a shareholder of the Company 

 

	 	(v)	unemployment compensation to which Executive may be entitled under applicable law. 

 

	(d)	Executive represents and warrants that he is the sole owner of the actual or alleged Claims that are released hereby, that the same have not been assigned, transferred,
or disposed of in fact, by operation of law, or in any manner, and that he has the full right and power to grant, execute and deliver the releases, undertakings, and agreements contained herein. 

 

	(e)	Executive represents that he has not filed any complaints, charges or lawsuits against the Company with any governmental agency or any court based on Claims that are
released and waived by this Release. 

  

	3.	No Admission of Wrongdoing 

This Release shall not be construed as an admission by either party of any wrongful or unlawful act or breach of contract. 

  
 -8-

	4.	Binding Agreement; Successors and Assigns 

 This Release binds Executive’s heirs, administrators, representatives, executors, successors, and assigns, and will inure to the benefit of the respective heirs, administrators, representatives,
executors, successors, and assigns of any person or entity as to whom the waiver and release set forth in Section 2 applies. 
  

	5.	Other Agreements 

 This
Release does not supersede or modify in any way Executive’s continuing obligations pursuant to the Employment Agreement (including Exhibit A thereto) or the dispute resolution provisions of the Employment Agreement (including Exhibit A
thereto). 
  

	6.	Knowing and Voluntary Agreement; Consideration and Revocation Periods 

 

	(a)	Executive acknowledges that he has been given twenty-one (21) calendar days from the date of receipt of this Release to consider all of the provisions of this
Release and that if he signs this Release before the 21-day period has ended he knowingly and voluntarily waives some or all of such 21-day period. 

  

	(b)	Executive represents that (i) he has read this Release carefully, (ii) he has hereby been advised by the Company to consult an attorney of his choice and has
either done so or voluntarily chosen not to do so, (iii) he fully understands that by signing below he is giving up certain rights which he might otherwise have to sue or assert a claim against any of the Company Releasees, and (iv) he has
not been forced or pressured in any manner whatsoever to sign this Release, and agrees to all of its terms voluntarily. 

  

	(c)	Executive shall have seven (7) calendar days from the date of his execution of this Release (the “Revocation Period”) in which he may revoke this
Release. Such revocation must be in writing and delivered, prior to the expiration of the Revocation Period, to the attention of the Company’s General Counsel at the Company’s then-current headquarters address. If Executive revokes this
Release during the Revocation Period, then the Release shall be null and void and without effect. 

  

	7.	Effective Date 

 The
Effective Date of this Release will be day after the Revocation Period expires without revocation by Executive. 
 IN WITNESS
WHEREOF, Executive has executed this Release as of the date indicated below. 
  

			
	
                           
 
	 	
Dated:                     

  
 -9-EX-10.2

 Exhibit 10.2 
 TERMS OF THE AMENDED AND RESTATED EQUITY GRANT PROGRAM FOR 
 NONEMPLOYEE
DIRECTORS UNDER THE 
 BLUCORA, INC. RESTATED 1996 FLEXIBLE STOCK INCENTIVE PLAN 

Amended and Restated effective as of April 6, 2012, and updated June 5, 2012 

The following provisions set forth the terms of the equity grant program (the “Program”) for nonemployee directors of Blucora,
Inc. (the “Company”) under the Blucora, Inc. Restated 1996 Flexible Stock Incentive Plan (the “Plan”). The following terms are intended to supplement, not alter or change, the provisions of the Plan, and in the event of any
inconsistency between the terms contained herein and in the Plan, the Plan shall govern. All capitalized terms that are not defined herein shall be as defined in the Plan. 

 

	 	1.	Eligibility 

 Each elected
or appointed director of the Company who is not otherwise an employee of the Company or an Affiliate (an “Eligible Director” or “Eligible Directors”) shall be eligible to receive Initial Grants and Annual Grants under the Plan,
as described below. In addition, any Eligible Director who is also elected or appointed Chairperson of the Board (an “Eligible Chairperson”) shall be eligible to receive additional Initial Chairperson Grants and additional Annual
Chairperson Grants under the Plan, as described below. 
  

	 	2.	Initial Grants 

 (a) Each
Eligible Director shall automatically receive on the date of such Eligible Director’s initial election to the Board (i) a nonqualified stock option to purchase 27,000 shares of the Company’s Stock and (ii) restricted stock units
for 11,250 shares of the Company’s Stock. 
 (b) Each Eligible Chairperson shall also automatically receive on the date of
such Eligible Chairperson’s initial election as Chairperson of the Board (i) a nonqualified stock option to purchase 9,000 shares of the Company’s Stock and (ii) restricted stock units for 3,750 shares of the Company’s
Stock. 
 (c) Initial grants to Eligible Directors (“Initial Grants”) shall vest annually over three years on the
anniversary of the date of each Eligible Director’s initial election to the Board, provided that each such Eligible Director is a member of the Board on such dates. Initial grants to an Eligible Chairperson (“Initial Chairperson
Grants”) shall vest in full on the one-year anniversary of such Eligible Chairperson’s initial election as Chairperson of the Board, provided that such Eligible Chairperson is Chairperson of the Board on such date.

 

	 	3.	Annual Grants 

 (a) Each
Eligible Director shall automatically receive on the date of and immediately following each year’s Annual Stockholders’ Meeting (i) a nonqualified stock option to purchase 11,100 shares of Stock and (ii) restricted stock units
for 4,500 shares of Stock (“Annual Grants”); provided, however, that any Eligible Directors who received Initial Grants within three months prior to an Annual Meeting shall not receive Annual Grants until immediately following the second
Annual Meeting after the date of such Initial Grants. Commencing with the 2012 Annual Stockholders’ Meeting, Annual Grants shall vest in full on the earlier to occur of the one-year anniversary of the date of grant or the date of the next
Annual Stockholders’ Meeting, provided that the respective Eligible Directors are members of the Board on such date. 

  
 Page 1

 (b) Any Eligible Chairperson shall also automatically receive on the date of and immediately
following each year’s Annual Stockholder Meeting (i) an additional nonqualified stock option to purchase 3,900 shares of Stock and (ii) additional restricted stock units for 1,500 shares of Stock (“Annual Chairperson
Grants”); provided, however, that any Eligible Chairperson who received, or is eligible to receive, Initial Chairperson Grants within three months prior to an Annual Meeting shall not receive Annual Chairperson Grants until immediately
following the second Annual Meeting after the date of such Initial Chairperson Grants. Commencing with the 2012 Annual Stockholders’ Meeting, Annual Chairperson Grants shall vest in full on the earlier to occur of the one-year anniversary of
the date of grant or the date of the next Annual Stockholders’ Meeting, provided that such Eligible Chairperson is Chairperson of the Board on such date. 
  

	 	4.	Option Exercise Price 

The exercise price of an option shall be the “fair market value” of the Stock on the date of grant, as that term is defined in
the Plan. 
  

	 	5.	Manner of Option Exercise 

An option shall be exercised by giving the required notice to the Company, stating the number of shares of Stock with respect to which the
option is being exercised, accompanied by payment in full for such Stock, which payment may be in whole or in part (a) in cash or check, (b) in shares of Stock owned by the Eligible Director for at least six months (or such shorter period
necessary to avoid a charge to the Company’s earnings for financial reporting purposes) having a fair market value on the day prior to the exercise date equal to the aggregate option exercise price, or (c) by delivery of a properly
executed exercise notice, together with irrevocable instructions to a broker, to promptly deliver to the Company the amount of sale or loan proceeds to pay the exercise price, all in accordance with the regulations of the Federal Reserve Board.

  

	 	6.	Term of Options 

 Each
option shall expire seven years from the date of grant thereof. 
  

	 	7.	Amendment 

 The Board may
amend the provisions contained herein in such respects as it deems advisable. Any such amendment shall not, without the consent of the Eligible Director, impair or diminish any rights of an Eligible Director or any rights of the Company under an
option or restricted stock units. 
 Provisions of the Plan (including any amendments) that were not discussed above, to the
extent applicable to Eligible Directors, shall continue to govern the terms and conditions of options and restricted stock units granted to Eligible Directors. 

  
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