Document:

Exhibit 10.9

 

GLASSESOFF
INC.

2013
INCENTIVE COMPENSATION PLAN

RESTRICTED
STOCK AGREEMENT

FOR

[Insert name of Recipient]

 

Agreement

 

(this “Agreement”)

 

1.                 
Award of Restricted Stock. GlassesOff Inc., a Nevada corporation (the “Company”)
hereby grants, as of [DATE] (the “Date of Grant”), to [NAME] (the “Recipient”), [●]
restricted shares of the Company’s common stock, par value $0.001 per share (collectively the “Restricted Stock”).
The Restricted Stock shall be subject to the terms, provisions and restrictions set forth in this Agreement and the GlassesOff
Inc. 2013 Incentive Compensation Plan (the “Plan”),which is incorporated herein for all purposes. As a condition
to entering into this Agreement, and as a condition to the issuance of any Shares (or any other securities of the Company), the
Recipient agrees to be bound by all of the terms and conditions herein and in the Plan. Unless otherwise provided herein, terms
used herein that are defined in the Plan and not defined herein shall have the meanings attributable thereto in the Plan.

  

2.                 
Vesting of Restricted Stock.

 

(a)               
General Vesting. The shares of Restricted Stock shall become vested in the following amounts, at the
following times and upon the following conditions, provided that the Continuous Service of the Recipient continues through and
on the applicable Vesting Date:

 

 

	Number of Shares of Restricted Stock	Vesting Date
	[                           ]	[                           ]
	[                           ]	[                           ]
	[                           ]	[                           ]
	[                           ]	[                           ]
	[                           ]	[                           ]

 

Except as otherwise
provided in Sections 2(b), 2(c), 2(d) and 4 hereof, there shall be no proportionate or partial vesting of shares of Restricted
Stock in or during the months, days or periods prior to each Vesting Date, and all vesting of shares of Restricted Stock shall
occur only on the applicable Vesting Date.

 

(b)              
Acceleration of Vesting Upon Change in Control. In the event that a Change in Control of the Company
occurs during the Recipient's Continuous Service, the shares of Restricted Stock subject to this Agreement shall become immediately
vested as of the date of the Change in Control unless either (i) the Company is the surviving entity in the Change in Control
and the Restricted Stock continues to be outstanding after the Change in Control on substantially the same terms and conditions
as were applicable to the Restricted Stock immediately prior to the Change in Control or (ii) the successor company or its parent
company assumes, or substitutes for, the Restricted Stock, as determined in accordance with Section 10(c)(ii) of the Plan.

  

    	 

    	 

    

 

(c)               
Acceleration of Vesting Upon Death or Disability. In the event that the Recipient’s Continuous
Service terminates by reason of the Recipient’s Disability or death, all of the shares of Restricted Stock subject to this
Agreement shall be immediately vested as of the date of such Disability or death, whichever is applicable, and shall be delivered,
subject to any requirements under this Agreement, to the Recipient, in the event of his or her Disability, or in the event of
the Recipient’s death, to the Beneficiary or Beneficiaries designated by the Recipient, or if the Recipient has not so designated
any Beneficiary(ies), or no designated Beneficiary survives the Recipient, such shares shall be delivered to the personal representative
of the Recipient’s estate.

 

(d)              
Acceleration of Vesting at Company Discretion. Notwithstanding any other term or provision of this
Agreement, the Board or the Committee shall be authorized, in its sole discretion, based upon its review and evaluation of the
performance of the Recipient and of the Company, to accelerate the vesting of any shares of Restricted Stock under this Agreement,
at such times and upon such terms and conditions as the Board or the Committee shall deem advisable.

  

(e)               
Definitions. For purposes of this Agreement, the following terms shall have the meanings indicated:

  

(i)                
“Non-Vested Shares” means any portion of the Restricted Stock subject to this Agreement that has
not become vested pursuant to this Section 2.

 

(ii)              
“Vested Shares” means any portion of the Restricted Stock subject to this Agreement that is and
has become vested pursuant to this Section 2.

 

3.                 
Delivery of Restricted Stock. 

  

(a)               
Issuance of Stock Certificates and Legends. One or more stock certificates evidencing the Restricted
Stock shall be issued in the name of the Recipient but shall be held and retained by the records administrator of the Company
until the date (the “Applicable Date”) on which the shares (or a portion thereof) subject to this Restricted
Stock award become Vested Shares pursuant to Section 2 hereof, subject to the provisions of Section 4 hereof. All such stock certificates
shall bear the following legends, along with such other legends that the Board or the Committee shall deem necessary and appropriate
or which are otherwise required or indicated pursuant to any applicable stockholders agreement:

  

THE SHARES REPRESENTED BY THIS
CERTIFICATE ARE SUBJECT TO SUBSTANTIAL VESTING AND OTHER RESTRICTIONS AS SET FORTH IN THE RESTRICTED STOCK AGREEMENT BETWEEN THE
ISSUER AND THE ORIGINAL HOLDER OF THE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH RESTRICTIONS
ARE BINDING ON TRANSFEREES OF THESE SHARES, AND INCLUDE VESTING CONDITIONS WHICH MAY RESULT IN THE COMPLETE FORFEITURE OF THE SHARES.

 

    	2

    	 

    

 

(b)              
Stock Powers. The Recipient shall deposit with the Company stock powers or other instruments of transfer
or assignment, duly endorsed in blank with signature(s) guaranteed, corresponding to each certificate representing shares of Restricted
Stock until such shares become Vested Shares. If the Recipient shall fail to provide the Company with any such stock power or
other instrument of transfer or assignment, the Recipient hereby irrevocably appoints the Secretary of the Company as his attorney-in-fact,
with full power of appointment and substitution, to execute and deliver any such power or other instrument which may be necessary
to effectuate the transfer of the Restricted Stock (or assignment of distributions thereon) on the books and records of the Company.

  

(c)               
Delivery of Stock Certificates. On or after each Applicable Date, upon written request to the Company
by the Recipient, the Company shall promptly cause a new certificate or certificates to be issued for and with respect to all
shares that become Vested Shares on that Applicable Date, which certificate(s) shall be delivered to the Recipient as soon as
administratively practicable after the date of receipt by the Company of the Recipient's written request. The new certificate
or certificates shall continue to bear those legends and endorsements that the Company shall deem necessary or appropriate (including
those relating to restrictions on transferability and/or obligations and restrictions under the Securities Laws and/or any applicable
stockholders agreement).

  

(d)              
Issuance Without Certificates. If the Company is authorized
to issue Shares without certificates, then the Company may, in the discretion of the Committee, issue Shares pursuant to this Agreement
without certificates, in which case any references in this Agreement to certificates shall instead refer to whatever evidence may
be issued to reflect the Recipient’s ownership of the Shares subject to the terms and conditions of this Agreement.

 

4.                 
Forfeiture of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and
the Related Entities is terminated for any reason, any Shares of Restricted Stock that are not Vested Shares, and that do not
become Vested Shares pursuant to Section 2 hereof as a result of such termination, shall be forfeited immediately upon such termination
of Continuous Service and revert back to the Company without any payment to the Recipient. If the Recipient’s Continuous
Service is terminated by the Company or a Related Entity for Cause, all Non-Vested Shares shall be forfeited immediately upon
such termination of Continuous Service and revert back to the Company without any payment to the Recipient. The Committee shall
have the power and authority to enforce on behalf of the Company any rights of the Company under this Agreement in the event of
the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.

 

    	3

    	 

    

 

5.                 
Rights with Respect to Restricted Stock.

 

(a)               
General. Except as otherwise provided in this Agreement, the Recipient shall have, with respect to
all of the shares of Restricted Stock, whether Vested Shares or Non-Vested Shares, all of the rights of a holder of shares of
common stock of the Company, including without limitation (i) the right to vote such Restricted Stock, (ii) the right to receive
dividends, if any, as may be declared on the Restricted Stock from time to time, and (iii) the rights available to all holders
of shares of common stock of the Company upon any merger, consolidation, reorganization, liquidation or dissolution, stock split-up,
stock dividend or recapitalization undertaken by the Company; provided, however, that all of such rights shall be subject to the
terms, provisions, conditions and restrictions set forth in this Agreement (including without limitation conditions under which
all such rights shall be forfeited). Any Shares issued to the Recipient as a dividend with respect to shares of Restricted Stock
shall have the same status and bear the same legend as the shares of Restricted Stock and shall be held by the Company, if the
shares of Restricted Stock that such dividend is attributed to is being so held, unless otherwise determined by the Committee.
In addition, notwithstanding any provision to the contrary herein, any cash dividends declared with respect to shares of Restricted
Stock subject to this Agreement shall be held in escrow by the Committee until such time as the shares of Restricted Stock that
such cash dividends are attributed to shall become Vested Shares, and in the event that such shares of Restricted Stock are subsequently
forfeited, the cash dividends attributable to such portion shall be forfeited as well.

  

(b)              
Adjustments to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder
shall be or remain unvested while Recipient’s Continuous Service continues and has not yet terminated or ceased for any
reason), there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration
of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then
and in that event, the Board or the Committee shall make any adjustments it deems fair and appropriate, in view of such change,
in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment shall result in a fractional
Share, such fraction shall be disregarded.

  

(c)               
No Restrictions on Certain Transactions. Notwithstanding any term or provision of this Agreement to
the contrary, the existence of this Agreement, or of any outstanding Restricted Stock awarded hereunder, shall not affect in any
manner the right, power or authority of the Company to make, authorize or consummate: (i) any or all adjustments, recapitalizations,
reorganizations or other changes in the Company's capital structure or its business; (ii) any merger, consolidation or similar
transaction by or of the Company; (iii) any offer, issue or sale by the Company of any capital stock of the Company, including
any equity or debt securities, or preferred or preference stock that would rank prior to or on parity with the Restricted Stock
and/or that would include, have or possess other rights, benefits and/or preferences superior to those that the Restricted Stock
includes, has or possesses, or any warrants, options or rights with respect to any of the foregoing; (iv) the dissolution or liquidation
of the Company; (v) any sale, transfer or assignment of all or any part of the stock, assets or business of the Company; or (vi)
any other corporate transaction, act or proceeding (whether of a similar character or otherwise).

  

6.                 
Transferability. Unless otherwise determined by the Committee, the shares of Restricted Stock are
not transferable unless and until they become Vested Shares in accordance with this Agreement, otherwise than by will or under
the applicable laws of descent and distribution. The terms of this Agreement shall be binding upon the executors, administrators,
heirs, successors and assigns of the Recipient. Except as otherwise permitted pursuant to the first sentence of this Section,
any attempt to effect a Transfer of any shares of Restricted Stock prior to the date on which the shares become Vested Shares
shall be void ab initio. For purposes of this Agreement, “Transfer” shall mean any sale, transfer, encumbrance,
gift, donation, assignment, pledge, hypothecation, or other disposition, whether similar or dissimilar to those previously enumerated,
whether voluntary or involuntary, and including, but not limited to, any disposition by operation of law, by court order, by judicial
process, or by foreclosure, levy or attachment.

 

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7.                 
Tax Matters; Section 83(b) Election.

 

(a)               
Section 83(b) Election. If the Recipient properly elects, within thirty (30) days of the Date of Grant,
to include in gross income for federal income tax purposes an amount equal to the Fair Market Value (as of the Date of Grant)
of the Restricted Stock pursuant to Section 83(b) of the Code, the Recipient shall make arrangements satisfactory to the Company
to pay to the Company any federal, state, local or foreign income taxes required to be withheld with respect to the Restricted
Stock. If the Recipient shall fail to make such tax payments as are required, the Company shall, to the extent permitted by law,
have the right to deduct from any payment of any kind (including without limitation, the withholding of any Shares that otherwise
would be issued to the Recipient under this Agreement) otherwise due to the Recipient any federal, state, local or foreign taxes
of any kind required by law to be withheld with respect to the Restricted Stock.

  

(b)              
No Section 83(b) Election. If the Recipient does not properly make the election described in paragraph
7(a) above, the Recipient shall, no later than the date or dates as of which the restrictions referred to in this Agreement hereof
shall lapse, pay to the Company, or make arrangements satisfactory to the Committee for payment of, any federal, state, local
or foreign taxes of any kind required by law to be withheld with respect to the Restricted Stock (including without limitation
the vesting thereof), and the Company shall, to the extent permitted by law, have the right to deduct from any payment of any
kind (including without limitation, the withholding of any Shares that otherwise would be distributed to the Recipient under this
Agreement) otherwise due to Recipient any federal, state, local or foreign taxes of any kind required by law to be withheld with
respect to the Restricted Stock.

  

(c)               
Satisfaction of Withholding Requirements. The Recipient may satisfy the withholding requirements with
respect to the Restricted Stock pursuant to any one or combination of the following methods:

 

(i)                
payment in cash; or

 

(ii)              
if and to the extent permitted by the Committee, payment by surrendering unrestricted previously held Shares which have
a value equal to the required withholding amount or the withholding of Shares that otherwise would be deliverable to the Recipient
pursuant to this Award. The Recipient may surrender Shares either by attestation or by delivery of a certificate or certificates
for shares duly endorsed for transfer to the Company, and if required with medallion level signature guarantee by a member firm
of a national stock exchange, by a national or state bank (or guaranteed or notarized in such other manner as the Committee may
require).

 

    	5

    	 

    

 

(d)              
Recipient’s Responsibilities for Tax Consequences. Tax consequences on the Recipient (including
without limitation federal, state, local and foreign income tax consequences) with respect to the Restricted Stock (including
without limitation the grant, vesting and/or forfeiture thereof) are the sole responsibility of the Recipient. The Recipient shall
consult with his or her own personal accountant(s) and/or tax advisor(s) regarding these matters, the making of a Section 83(b)
election, and the Recipient’s filing, withholding and payment (or tax liability) obligations.

 

8.                 
Amendment, Modification & Assignment.  This Agreement may only be modified or amended in a writing
signed by the parties hereto. No promises, assurances, commitments, agreements, undertakings or representations, whether oral,
written, electronic or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made by
either party which are not set forth expressly in this Agreement. The rights and obligations created hereunder shall be binding
on the Recipient and his heirs and legal representatives and on the successors and assigns of the Company.

  

9.                 
Complete Agreement. This Agreement (together with those agreements and documents expressly referred
to herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties
with respect to the subject matter hereof, and supersede any and all prior promises, assurances, commitments, agreements, undertakings
or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject
matter hereof in any way.

  

10.             
Miscellaneous.

 

(a)               
No Right to (Continued) Employment or Service. This Agreement and the grant of Restricted Stock hereunder
shall not confer, or be construed to confer, upon the Recipient any right to employment or service, or continued employment or
service, with the Company or any Related Entity.

 

(b)              
No Limit on Other Compensation Arrangements. Nothing contained in this Agreement shall preclude the
Company or any Related Entity from adopting or continuing in effect other or additional compensation plans, agreements or arrangements,
and any such plans, agreements and arrangements may be either generally applicable or applicable only in specific cases or to
specific persons.

  

(c)               
Severability. If any term or provision of this Agreement is or becomes or is deemed to be invalid,
illegal or unenforceable in any jurisdiction or under any applicable law, rule or regulation, then such provision shall be construed
or deemed amended to conform to applicable law (or if such provision cannot be so construed or deemed amended without materially
altering the purpose or intent of this Agreement and the grant of Restricted Stock hereunder, such provision shall be stricken
as to such jurisdiction and the remainder of this Agreement and the award hereunder shall remain in full force and effect).

 

    	6

    	 

    

 

(d)              
No Trust or Fund Created. Neither this Agreement nor the grant of Restricted Stock hereunder shall
create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Related
Entity and the Recipient or any other person. To the extent that the Recipient or any other person acquires a right to receive
payments from the Company or any Related Entity pursuant to this Agreement, such right shall be no greater than the right of any
unsecured general creditor of the Company.

 

 

(e)               
Law Governing. This Agreement shall be governed by and construed and enforced in accordance with the
internal laws of the State of Nevada (without reference to the conflict of laws rules or principles thereof).

 

 

(f)               
Interpretation. The Recipient accepts the Restricted Stock subject to all of the terms, provisions
and restrictions of this Agreement and the Plan. The undersigned Recipient hereby accepts as binding, conclusive and final all
decisions or interpretations of the Board or the Committee upon any questions arising under this Agreement or the Plan.

 

 

(g)              
Headings. Section, paragraph and other headings and captions are provided solely as a convenience
to facilitate reference. Such headings and captions shall not be deemed in any way material or relevant to the construction, meaning
or interpretation of this Agreement or any term or provision hereof.

 

 

(h)              
Notices. Any notice under this Agreement shall be in writing and shall be deemed to have been duly
given when delivered personally or when deposited in the United States mail, registered, postage prepaid, and addressed, in the
case of the Company, to the Company’s President at ______________________________________________, or if the Company should
move its principal office, to such principal office, and, in the case of the Recipient, to the Recipient’s last permanent
address as shown on the Company’s records, subject to the right of either party to designate some other address at any time
hereafter in a notice satisfying the requirements of this Section.

 

 

(i)                
Section 409A.

 

(a)It is intended
that the Restricted Stock awarded pursuant to this Agreement be exempt from Section 409A of the Code (“Section 409A”)
because it is believed that the Agreement does not provide for a deferral of compensation and accordingly that the Agreement does
not constitute a nonqualified deferred compensation plan within the meaning of Section 409A. The provisions of this Agreement shall
be interpreted in a manner consistent with this intention, and the provisions of this Agreement may not be amended, adjusted, assumed
or substituted for, converted or otherwise modified without the Recipient’s prior written consent if and to the extent that
such amendment, adjustment, assumption or substitution, conversion or modification would cause the award to violate the requirements
of Section 409A.

 

(b)In the event
that either the Company or the Recipient believes, at any time, that any benefit or right under this Agreement is subject to Section
409A, and does not comply with the requirements of Section 409A, it shall promptly advise the other and the Company and the Recipient
shall negotiate reasonably and in good faith to amend the terms of such benefits and rights, if such an amendment may be made in
a commercially reasonable manner, such that they comply with Section 409A with the most limited possible economic affect on the
Recipient and on the Company.

 

    	7

    	 

    

 

(c)Notwithstanding
the foregoing, the Company does not make any representation to the Recipient that the shares of Restricted Stock awarded pursuant
to this Agreement are exempt from, or satisfies, the requirements of Section 409A, and the Company shall have no liability or other
obligation to indemnify or hold harmless the Recipient or any Beneficiary for any tax, additional tax, interest or penalties that
the Recipient or any Beneficiary may incur in the event that any provision of this Agreement, or any amendment or modification
thereof or any other action taken with respect thereto is deemed to violate any of the requirements of Section 409A.

 

(j)                
Non-Waiver of Breach. The waiver by any party hereto of the other party's prompt and complete performance,
or breach or violation, of any term or provision of this Agreement shall be effected solely in a writing signed by such party,
and shall not operate nor be construed as a waiver of any subsequent breach or violation, and the waiver by any party hereto to
exercise any right or remedy which he or it may possess shall not operate nor be construed as the waiver of such right or remedy
by such party, or as a bar to the exercise of such right or remedy by such party, upon the occurrence of any subsequent breach
or violation.

  

(k)              
Counterparts. This Agreement may be executed in two or more separate counterparts, each of which shall
be an original, and all of which together shall constitute one and the same agreement.

 

11.                
Clawback of Benefits. 

 

(a)                  
The Company may (i) cause the cancellation of the Restricted Stock, (ii) require reimbursement of any benefit conferred
under the Restricted Stock to the Recipient or Beneficiary, and (iii) effect any other right of recoupment of equity or other compensation
provided under the Plan or otherwise in accordance with any Company policies that currently exist or that may from time to time
be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”). In addition,
the Recipient may be required to repay to the Company certain previously paid compensation, whether provided under the Plan or
this Agreement or otherwise, in accordance with any Clawback Policy. By accepting this Award, the Recipient agrees to be bound
by any existing or future Clawback Policy adopted by the Company, or any amendments that may from time to time be made to the Clawback
Policy in the future by the Company in its discretion (including without limitation any Clawback Policy adopted or amended to comply
with applicable laws or stock exchange requirements) and further agrees that all of the Recipient’s Award Agreements may
be unilaterally amended by the Company, without the Recipient’s consent, to the extent that the Company in its discretion
determines to be necessary or appropriate to comply with any Clawback Policy.

 

(b)                 
If the Recipient, without the consent of the Company, while employed by or providing services to the Company or any Subsidiary
or after termination of such employment or service, violates a non-competition, non-solicitation or non-disclosure covenant or
agreement or otherwise engages in activity that is in conflict with or adverse to the interest of the Company or any Subsidiary,
as determined by the Committee in its sole discretion, then (i) any outstanding, vested or unvested, earned or unearned portion
of the Restricted Stock may, at the Committee’s discretion, be canceled and (ii) the Committee, in its discretion, may require
the Recipient or other person to whom any payment has been made or Shares or other property have been transferred in connection
with the Restricted Stock to forfeit and pay over to the Company, on demand, all or any portion of the gain (whether or not taxable)
realized upon the vesting of the Restricted Stock and the value realized (whether or not taxable) on the vesting or payment of
any other Award as specified by the Committee.

 

    	8

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto, intending to be legally bound, have executed this Agreement as of the date first written above.

 

	 	COMPANY:
	 	 	 
	 	GLASSESOFF INC.
	 	 	 
	 	 	 
	 	By:	                    
	 	Name:  	 
	 	Title:	 

 

	Agreed and Accepted:	 
	 	 	 
	RECIPIENT:	 
	 	 	 
	 	 	 
	By:  	 	 
	 	[Insert name of Recipient]	 

 

    	9Exhibit 10.3

 

LOOKSMART, LTD.

 

2007 EQUITY INCENTIVE PLAN

STOCK OPTION AGREEMENT

 

THIS STOCK OPTION AGREEMENT (the "Agreement")
dated on the grant date ("Grant Date") as stated in the Notice of Stock Option Grant (the “Notice of Grant”)
by and between LookSmart, Ltd., a Delaware corporation (the "Company"), and the employee as stated in the Notice of Grant
("Optionee"), is entered into as follows:

 

WITNESSETH: 

 

WHEREAS, the Company has established the
2007 Equity Incentive Plan (the "Plan"); and

 

WHEREAS, the Compensation Committee of the
Board of Directors of the Company or its delegates (the "Committee") has determined that Optionee shall be granted an
option under the Plan as set forth in the Notice of Grant and as hereinafter set forth;

 

The parties hereby agree that the Company
grants, effective as of the Grant Date, Optionee a Nonstatutory Stock Option (this "Option") to purchase the number of
shares, as stated in the Notice of Grant, of its Common Stock (the "Shares") upon the terms and conditions set forth
in the Notice of Grant and this Agreement.

 

1. Plan Award. 

 

This Option is granted under and pursuant
to the Plan and is subject to each and all of the provisions thereof.

 

2. Exercise Price. 

 

The exercise price applicable to this Option
(meaning, the price Optionee must pay in order to purchase any Shares hereunder) shall be the price per Share as stated in the
Notice of Grant.

 

3. Vesting and Exercise of Option. 

 

Subject to Optionee's not experiencing a
termination of service relationship (“Termination of Service Relationship”) during the stated vesting period, Optionee
shall vest in and earn the right to exercise this Option on the schedule as set forth in the Notice of Grant.

 

4. Expiration. 

 

This Option will expire seven (7) years
from the Grant Date, unless sooner terminated or cancelled in accordance with the provisions of the Plan. This means that (subject
to the continuing service requirement set forth in Section 3 above and subject to earlier Termination of Service Relationship upon
certain other events as set forth in the Plan) this Option must be exercised, if at all, on or before the expiration date as stated
in the Notice of Grant (the "Expiration Date"). If this Option expires on a stock exchange holiday or weekend day, this
Option will expire on the last trading day prior to the holiday or weekend. Optionee shall be solely responsible
for exercising this Option, if at all, prior to its Expiration Date. The Company shall have no obligation to notify Optionee of
this Option's expiration.

 

    	1

    	 

    

 

5. Exercise Mechanics. 

 

This Option may be exercised by delivering
to the Stock Plan Administrator at the Company's head office a written or electronic notice stating the number of Shares as to
which the Option is exercised or by any other method the Committee has approved. The notice must be accompanied by the payment
of the full Option exercise price of such Shares. Exercise shall not be deemed to have occurred unless and until Optionee has delivered
to the Company (or its authorized representative) an approved notice of exercise, full payment of the exercise price for the Shares
being exercised and payment of any applicable withholding taxes in accordance with Section 8 below. Payment of the Option exercise
price may be in cash (including check or wire transfer), consideration received by the Company under a broker-assisted sale and
remittance program acceptable to the Committee, subject to the Company's discretion to refuse for any reason and at any time to
accept such consideration and subject to any conditions or limitations established by the Committee, other Shares held by the Participant
which have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which said
Option shall be exercised, reduction in the amount of any Company liability to the Optionee, including any liability attributable
to the Optionee’s participation in any Company-sponsored deferred compensation program or arrangement, such other consideration
and method of payment for the issuance of Shares to the extent permitted by Applicable Laws or a combination of the foregoing methods
of payment. The Optionee may also pay the exercise price of this Option through the Optionee’s E*Trade options links account.
For questions, contact the Stock Plan Administrator at the Company.

 

6. Termination of Service Relationship. 

 

All rights of Optionee in this Option, to
the extent that it has not previously become vested and been exercised, shall terminate upon Optionee's Termination of Service
Relationship except as set forth in this Section 6. The portion of the Option that relates to any Shares that were unvested and
unexercisable as of the date of Optionee's Termination of Service Relationship shall terminate and expire effective immediately
upon such date. With respect to the vested and exercisable portion of the Option, and subject to the final sentence of this Section
6:

 

(i)In the event of Termination of Service Relationship
other than as a result of the Optionee's death or disability, Optionee shall have three months to exercise the Option as to the
Shares subject to the Option that were vested and exercisable as of the date of Termination of Service Relationship; provided that
if during any part of such three month period, the Option is not exercisable because the issuance of the Shares would violate the
registration requirements under the Securities Act, the Option shall not expire until the Option shall have been exercisable for
an aggregate of three months after the date of Termination of Service Relationship; provided further that if during any part of
such three month period, the Shares issued upon exercise of the Option may not be sold because Optionee has material nonpublic
information regarding the Company or is otherwise subject to a trading blackout period under the Company’s Insider Trading
Policy, the Option shall not expire until Optionee shall have had an aggregate of three months after the date of Termination of
Service Relationship during which Optionee can sell the Shares without being subject to such restrictions arising under insider
trading laws or Company policy; provided further that if on the date of Termination of Service Relationship, the Optionee is not
vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to the Plan; provided
further that if after Termination of Service Relationship, the Optionee does not exercise his or her Option within the time specified
by the Committee, the Option shall terminate and the Shares covered by such Option shall revert to the Plan and provided further
that notwithstanding the foregoing, in no event may this Option be exercised later than the expiration of the term of such Option
as set forth in the Notice of Grant; and

 

    	2

    	 

    

 

(ii)In the event of Termination of Service Relationship
as a result of Optionee's death or disability (including a Total and Permanent Disability), Optionee shall have twelve (12) months
following the date of Termination of Service Relationship to exercise the Option as to the Shares subject to the Option that were
vested and exercisable as of the date of Termination of Service Relationship. In the event of Optionee’s death while Optionee
has a service relationship with the Company, an additional amount of Options equal to one (1) year of vesting shall immediately
vest and remain exercisable for twelve (12) months following Optionee’s Termination of Service Relationship.

 

(iii)In the event the Company eliminates Optionee’s
job position and such elimination results in the Optionee’s Termination of Service Relationship during the first twelve (12)
months of the Optionee’s service relationship with the Company after the Vesting Commencement Date and the Option is subject
to cliff vesting at the end of that twelve (12) month period (such that the Optionee would otherwise not be vested in any Option
Shares as the date of Termination of Service Relationship), the vesting of the Option shall accelerate such that, as of the date
of Termination of Service Relationship, Optionee shall be vested in and able to exercise a number of Shares that is equal to the
product of (a) the ratio that the number of full months during which Optionee remained in a continuous service relationship following
the Vesting Commencement Date bears to forty eight (48) months, times (b) the total number of Shares subject to this Option.
Optionee shall be able to exercise these vested Shares for three (3) months after the date of Optionee’s Termination of Service
Relationship.

 

Notwithstanding the above, in no event may an Option be exercised,
even as to vested and otherwise exercisable Shares, after the Expiration Date set forth in Section 4 above.

 

7. Transferability.

 

This Option generally is not transferable
by Optionee otherwise than by will or the laws of descent and distribution, and is exercisable only by Optionee during Optionee’s
lifetime; provided however that if this Option is a Nonstatutory Stock Option, it may be transferred by instrument to an inter
vivos or testamentary trust in which the Option is to be passed to beneficiaries upon the death of the trustor (settlor) or by
gift or pursuant to domestic relations orders to "Immediate Family Members" (as defined below) of the Optionee. "Immediate
Family" means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships),
a trust in which these persons have more than fifty percent of the beneficial interest, a foundation in which these persons (or
the Optionee) control the management of assets, and any other entity in which these persons (or the Optionee) own more than fifty
percent of the voting interests.

 

    	3

    	 

    

 

8. Tax Matters. 

 

(i)Optionee is responsible for, and by accepting this
Option agrees to bear, all taxes of any nature, including withholding taxes, interest or penalties arising out of the grant of
this Option, the vesting or exercise of this Option or the subsequent sale of the Shares acquired pursuant to the exercise of this
Option, or any violation of Code Section 409A that impacts this Option, that are legally imposed upon Optionee in connection with
this Option, and the Company does not assume, and will not be liable to any party for, any cost or liability arising in connection
with such tax liability legally imposed on Optionee.

 

(ii)In the event that the Company or
the Optionee’s employer, including any affiliate or subsidiary qualified to deduct tax at source (the “Employer”),
is required to withhold any amount (including in connection with income tax, employment or payroll taxes, social security contributions
or other similar amounts, with such obligation in aggregate referred to herein as the “Withholding Obligation”) as
a result of any event occurring in connection with this Option, the Optionee shall make a cash payment to the Company as necessary
to cover all applicable Withholding Obligations at or prior to the time the event giving rise to the Withholding Obligation occurs;
provided that (a) the Company has the right to withhold a portion of the Shares otherwise to be delivered upon exercise of this
Option having a Fair Market Value equal to the amount of the Withholding Obligation in accordance with such rules as the Company
may from time to time establish, (b) the Company or the Employer has the right, and the Optionee in accepting this grant explicitly
authorizes the Company, to deduct an amount equal to the Withholding Obligation from the Optionee’s compensation or (c) the
Company may establish alternative procedures to ensure satisfaction of all applicable Withholding Obligations arising in connection
with this Option. The Optionee will receive a cash refund for any payment of cash or fraction of a surrendered share not necessary
to satisfy the Withholding Obligations.

 

(iii)The Company has not provided any tax advice with
respect to this Option or the disposition of Shares. Optionee acknowledges and agrees that the ultimate liability for any tax-related
item legally due by Optionee is and remains Optionee’s responsibility and that the Company and or the Employer (a) make
no representations or undertakings regarding the treatment of any such tax items in connection with any aspect of this Option,
including the grant, vesting or exercise of this Option or the subsequent sale of the Shares acquired upon exercise of this Option;
and (b) do not commit to structure the terms or any aspect of this Option to reduce or eliminate the Optionee’s liability
for such tax items. The Company may refuse to honor the exercise of this Option and refuse to deliver the Shares if Optionee fails
to comply with Optionee’s obligations in connection with the satisfaction of the Withholding Obligations.

 

(iv)Only upon the termination of the Optionee and to
the extent that the Company in good faith determines that any payment provided for hereunder (meaning, the vesting and obligation
to issue any Shares hereunder) constitutes a “deferral of compensation” and that the Optionee is a "key employee"
(in each case as such terms are defined under Code Section 409A), no amounts shall be payable to the Optionee pursuant hereto prior
to the earlier of (a) the Optionee’s death following the date of Optionee’s termination of services to the Board, or
(b) the date that is six months following the date of the Optionee’s “separation from service” with the Company
(within the meaning of Code Section 409A).

 

    	4

    	 

    

 

9.Data Transfer.

 

Optionee explicitly and unambiguously consents
to the collection, use and transfer, in electronic or other form, of Optionee's personal data as described in this document by
and among, as applicable, the Employer, and the Company and its Subsidiaries and Affiliates for the exclusive purpose of implementing,
administering and managing Optionee's participation in the Plan. Optionee understands that the Company, its Affiliates, its Subsidiaries
and the Employer hold certain personal information about Optionee, including, but not limited to, name, home address and telephone
number, date of birth, social security number (or other identification number), salary, nationality, job title, any shares of stock
or directorships held in the Company, details of all options or any other entitlement to shares of stock awarded, cancelled, purchased,
exercised, vested, unvested or outstanding in Optionee's favor for the purpose of implementing, managing and administering the
Plan ("Data"). Optionee understands that the Data may be transferred to any third parties assisting in the implementation,
administration and management of the Plan, that these recipients may be located in Optionee's country or elsewhere and that the
recipient country may have different data privacy laws and protections than Optionee's country. Optionee may request a list with
the names and addresses of any potential recipients of the Data by contacting the Company’s Stock Plan Administrator. Optionee
authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes
of implementing, administering and managing Optionee's participation in the Plan, including any requisite transfer of such Data,
as may be required to a broker or other third party with whom Optionee may elect to deposit any Shares acquired upon the exercise
of this Option. Optionee understands that Data will be held only as long as is necessary to implement, administer and manage participation
in the Plan. Optionee may, at any time, view Data, request additional information about the storage and processing of the Data,
require any necessary amendments to the Data or refuse or withdraw the consents herein, in any case without cost, by contacting
the Stock Plan Administrator in writing. Optionee understands that refusing or withdrawing consent may affect Optionee's ability
to participate in the Plan. For more information on the consequences of refusing to consent or withdrawing consent, Optionee may
contact the Company’s Stock Plan Administrators.

 

10.. Optionee Acknowledgements. 

 

By accepting this grant of the Option, Optionee
acknowledges and agrees that the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified,
amended, suspended or terminated by the Company at any time unless otherwise provided in the Plan or this Agreement. Optionee acknowledges
that all decisions with respect to future grants, if any, will be at the sole discretion of the Company. Optionee's participation
in the Plan shall not create a right to further service relationship with the Company and shall not interfere with the ability
of the Company to terminate Optionee's service relationship at any time with or without cause and it is expressly agreed and understood
that the service relationship is terminable at the will of either party, insofar as permitted by law. Optionee agrees that this
Option is not part of normal or expected compensation or salary for any purposes, including, but not limited to calculating any
severance, resignation, termination, redundancy, end-of-service payments, bonuses, long-service awards, pension or retirement benefits
or similar payments insofar as permitted by law. In the event that Optionee is not an employee of the Company, the Option grant
will not be interpreted to form an employment contract or service relationship with the Company, the Employer or any Subsidiary
or Affiliate of the Company. Optionee acknowledges that the future value of the Shares is unknown, may increase or decrease from
the date of grant or vesting of the Option and cannot be predicted with certainty. In consideration of this grant of the Option,
no claim or entitlement to compensation or damages shall arise from termination of this grant of the Option or diminution in value
of this grant of the Option resulting from Optionee's Termination of Service Relationship by the Company or the Employer (for any
reason whatsoever and whether or not in breach of any Applicable Laws). Upon Optionee’s ceasing to have a service relationship,
Optionee's right to receive benefits shall be only as set forth in this Agreement and his or her ceasing to be a member of the
Board will not be extended by any notice period mandated under local law, and the Board or Compensation Committee shall have the
exclusive discretion to determine when Optionee is no longer in a service relationship with the Company for purposes of this grant
of the Option.

 

    	5

    	 

    

 

 

11. Copies of Plan Materials. 

 

The Optionee acknowledges that the Optionee
has access to and is deemed to have received a copy of the Plan from the Company and agrees to receive stockholder information,
including copies of any annual report, proxy statement and periodic report, from the Company’s website at http://www.looksmart.com.
The Optionee acknowledges that copies of the Plan and stockholder information are also available upon written or telephonic request
to the Company’s Stock Plan Administrator.

 

12.Notices.

 

All notices or other communications which
are required or permitted hereunder shall be deemed to be sufficient if contained in a written instrument given by personal delivery,
air courier or registered or certified mail, postage prepaid, return receipt requested, addressed to such party at the address
set forth below or such other address as may thereafter be designated in a written notice from such party to the other party:

 

    	6

    	 

    

 

If to the Company, to:

 

Attention: Stock Plan Administrator

Looksmart, Ltd.

55 Second Street

San Francisco, California 94105

 

If to the Optionee, to:

 

Address provided below

 

All such notices, advances, and communications shall be deemed
to have been delivered and received (a) in the case of personal delivery, on the date of such delivery, (b) in the case of air
courier, on the business day after the date when sent and (c) in the case of mailing, on the third business day following such
mailing.

 

13. Entire Agreement; Plan Controls. 

 

The Plan is incorporated herein by reference.
The Plan and this Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede
in their entirety all prior undertakings and agreements of the Company and Optionee with respect to the subject matter hereof,
and may not be modified adversely to Optionee's interest except by means of a writing signed by the Company and Optionee. This
Agreement is governed by the laws of the state of Delaware. In the event of any conflict between the terms and provisions of the
Plan and this Agreement, the Plan terms and provisions shall govern. Capitalized terms used but not defined in this Agreement or
the Notice of Grant have the meanings assigned to them in the Plan. Certain other important terms governing this Agreement are
contained in the Plan.

 

    	7

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