Document:

Executive Employment Agreement

  EXHIBIT 10.2
  EMPLOYMENT AGREEMENT
            AGREEMENT made this ___ day of _____________, 2003, by and between ITXC Corp., a corporation formed under the laws of the State of Delaware (the “Company”),
and _________________  (the “Executive”). 
  W I T N E S S E T H:
            WHEREAS, the Company wishes to retain the continuing services of the Executive and the Executive wishes to continue such employment, and each desires to enter into an
agreement to provide for the terms and conditions of such employment set forth herein;
            NOW, THEREFORE, in consideration of the premises
and other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows:
            1. 
Employment
            The Company agrees to employ the Executive during the Term specified in section 2, and the Executive agrees to accept
such continued employment, upon the terms and conditions hereinafter set forth.
            2.  Term
            Subject to Section 6 below and the other terms and conditions of this Agreement, the Executive’s employment by the Company shall be for a term (the
“Term”) commencing on the date this Agreement is last executed (the “Effective Date”) and expiring on the Expiration Date. For purposes of this Agreement, the term “Expiration Date” shall mean July 1, 2004, except that
(a) if a Trigger Event occurs prior to July 1, 2004 (or December 31, 2003 if the Trigger Event relates to a change in the Chief Executive Officer of the Company), the term “Expiration Date” shall mean the date which is one year after the
first such Trigger Event and (b) if the parties agree in writing to extend the Term beyond the period provided herein, the term “Expiration Date” shall mean the last day of such extended Term. Notwithstanding anything contained herein to
the contrary, in the event that the Executive’s employment with the Company continues after the Expiration Date, the Executive’s employment shall be deemed to be “at will” after the Expiration Date. The effective date of the
termination of the Executive’s employment with the Company, regardless of the reason therefor, is referred to in this Agreement as the “Date of Termination”.  The term “Trigger Event” shall mean (a) a Change in Control
of the Company, as that term is defined in the Company’s 1998 Stock Incentive Plan, or (b) a change in the Chief Executive Officer of the Company, but only if such change in chief executive officer occurs prior to December 31, 2003.

          3.  Duties and Responsibilities
            (a) During the Term, the Executive shall retain his current title of [__________] or shall have such other title as may be agreed between the Executive and the
Company.  The Executive shall perform such duties and responsibilities as may be assigned to him from time to time consistent with his position, and in the absence of such assignment, such duties as are customary and commensurate with such
position.  The Executive further agrees to accept election, and to serve during all or any part of the Term, as a director of the Company and as an officer or director of any subsidiary of the Company, without any additional compensation
therefor.
            (b) The Executive’s employment by the Company shall be full-time and exclusive, and during the Term, the Executive agrees
that he will (i) devote substantially all of his business time and attention, his best efforts, 

   and all his skill and ability to promote the interests of the Company and its affiliates; (ii) carry out his duties in a competent and professional manner; (iii) work with
other employees of the Company and its affiliates in a competent and professional manner; and (iv) generally promote the interests of the Company and its affiliates.  Notwithstanding the foregoing, the Executive shall be permitted to engage in
civic or charitable activities and manage his personal investments, provided that such activities (individually or collectively) do not materially interfere with the performance of his duties or responsibilities under this Agreement and provided
that Executive shall not make personal investments that result in his owning more than 5% of the voting stock of any entity that competes with the Company.
            (c) The Executive’s principal office shall initially be located in Plainsboro, New Jersey, subject to necessary travel requirements of his position and duties
hereunder.  The Company reserves the right to move Executive’s principal office to a location within a 50 miles of said location.
           4.  Compensation
            (a) As compensation for
his services hereunder, the Company shall pay the Executive, in accordance with its normal payroll practices, base salary compensation at an annual rate not less than Executive’s base salary on the Effective Date.
            (b) Subject to the attainment of such individual and Company objectives as the Company shall establish, the Executive shall be awarded a cash bonus for each three
month period of employment with a target bonus percentage of base salary equal to not less than the Executive’s target bonus percentage of base salary in effect on the Effective Date.
            (c) The Executive has received and will continue to be eligible for the grant of  non-qualified options under the ITXC Corp. Stock Incentive Plan.
 
          (d) All compensation paid to the Executive shall be subject to applicable tax withholding requirements.
            5.  Expenses; Fringe Benefits
            During the
Term, the Executive shall be eligible for all benefits in accordance with the Company policies in effect from time to time and shall be subject to policies applicable to expenses and benefits of the Company.   Notwithstanding anything
contained herein to the contrary, the Company reserves the right to modify, amend or terminate any employee benefit plan or policy as it deems appropriate in its discretion; provided that unless required by law, the Company shall not amend, modify
or terminate any such plan or policy in a manner that treats the Executive differently from other similarly situated employees.
            6. 
Termination
           (a) The Company, by direction of its Board of Directors and/or Chief Executive Officer, shall be entitled to terminate
the Term prior to the Expiration Date and to discharge the Executive for “Cause” effective upon the giving of written notice.  The term “Cause” shall be limited to the following grounds:
                 (i) The willful and continued failure by the Executive to substantially perform any of his material duties hereunder or to follow the
reasonable and lawful orders of the Board of Directors of the Company or the Chief Executive Officer of the Company;
                 (ii)  The Executive’s misappropriation of material assets of the Company;
                 (iii) Use of alcohol or illegal drugs, materially interfering with the performance of the Executive’s obligations under this
Agreement;
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                  (iv) Indictment, arraignment or conviction of a felony or of any crime involving moral
turpitude, dishonesty or theft;
                 (v) The commission by the Executive of any willful or intentional act, or the
Executive’s willful or intentional failure to act, which could reasonably be expected to injure the reputation, business or business relationships of the Company; provided, however, that no act or failure to act on the part of the Executive
shall be deemed to be willful or intentional if it was due primarily to an error of judgment or negligence, but shall be deemed willful or intentional if done, or omitted to be done, by the Executive not in good faith and without reasonable belief
that his action or omission was in or not opposed to the best interests of the Company.  Failure to meet performance standards or objectives of the Company by itself shall not constitute Cause for purposes of this Agreement; and

               (vi) Any material breach (not covered by any of the clauses (i)  through (v)) of any term, provision or condition of
this Agreement or of any Company policy.
            (b) Upon the termination of the employment of the Executive with the Company pursuant to
Section 6(a) or by virtue of a voluntary resignation other than pursuant to a termination under section 6(d) below, or upon termination of the Executive by the Company subsequent to the Expiration Date, the Company shall pay the Executive, subject
to appropriate offsets, as permitted by applicable law, for debts or money due to the Company (collectively, “Offsets”), (i) any earned but unpaid salary compensation, (ii) any earned but unpaid cash bonus, (iii) any unused accrued
vacation and (iv) any unpaid reimbursable expenses, in each case as of the Date of Termination.  Any benefits to which the Executive or his beneficiaries may be entitled to under the plans and programs described in Section 5 above, or any other
applicable plans and programs, as of his Date of Termination shall be determined in accordance with the terms of such plans and programs.  Except as provided in this Section 6(b), and except for indemnification obligations and obligations to
pay advances under the Company’s Certificate of Incorporation, upon the termination of the Executive’s employment under the circumstances set forth in this Section 6(b), the Company shall have no further liability to the Executive or the
Executive’s heirs, beneficiaries or estate for damages, compensation, benefits, severance, indemnities or other amount of whatever nature.
            (c) A “Termination Event” shall mean the occurrence of any of the following, provided that the Termination Event occurs either after a Trigger Event or in
anticipation of an expected Trigger Event: (i) actual termination of the Executive’s employment by the Company without Cause; (ii) a demotion of the Executive or a material diminution in the Executive’s responsibilities or authority; (iii)
the Executive’s being required to relocate more than 50 miles from his current place of employment; or (iv) a reduction of the Executive’s base compensation or total target compensation.   The Executive shall be entitled to
terminate his employment and such termination shall be deemed a Termination Without Cause in the event that a Termination Event occurs or if, prior to the Expiration Date the Company is in default of a material term of this Agreement, which default
remains uncured for a period of 30 days after written notice of such default from the Executive to the Company, such notice to specify the specific nature of the claimed default and the manner in which the Executive requires such default to be
cured. Notwithstanding any such termination, or in the event the Executive suffers a Termination Event prior to the Expiration Date (hereinafter referred to as a “Termination Without Cause”), the restrictions set forth in Section 8 shall
remain in full force and effect.
           (d) In the event of a Termination Without Cause, as liquidated damages, the Executive shall be entitled
to receive from the Company, subject to any Offsets and provided that the Executive is not in breach of his obligations to the Company under Section 8 hereof, (i) the Executive’s Salary and Bonus Component (as hereinafter defined), reduced by
any income earned by the Executive, from any entity determined in the sole judgment of the Company’s Board of Directors to be in competition with the Company, as a result of gainful activity during the remainder of the Term whether as an
employee, principal, partner, agent, consultant, co-venturer or in any other capacity, (ii) any unpaid reimbursable expenses outstanding, and (iii) any unused 
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   accrued paid personal time off days, as of the Date of Termination. Further, for purposes of the Company’s 1998 Stock Incentive Plan and the stock options granted to the
Executive thereunder, in the event of a Termination Without Cause, the Executive shall be deemed to be employed through the last day of the Term. In the event that the Termination Without Cause occurs less than three months prior to the end of the
Term, the Term shall be deemed extended until three months after the date of Termination Without Cause, solely for purposes of this paragraph. Except as otherwise expressly stated herein with respect to the Company’s 1998 Stock Incentive Plan,
any benefits to which Executive or his beneficiaries may be entitled to under the plans and programs described in section 5 above, or any other applicable plans and programs, as of his Date of Termination shall be determined in accordance with the
terms of such plans and programs; provided, however, that the first six months of the Executive’s cost of continued “COBRA” medical coverage, should such coverage be elected, shall be the same as the cost paid by active executives of
the Company for group health coverage.  Except as provided in this section 6(d) in connection with a Termination Without Cause, and except for indemnification obligations under the Company’s Certificate of Incorporation, (x) the Company
shall have no further liability to the Executive or the Executive’s heirs, beneficiaries or estate for damages, compensation, benefits, severance, indemnities or other amounts of whatever nature and (y) the Executive shall be under no
obligation to mitigate his damages or to seek other employment.  It is agreed that the provision of this Section 6(d) shall lapse as of the Expiration Date and shall not be deemed to continue as a result of continued employment of the Executive
unless provided for in a written agreement.
           (e) The term “Executive’s Salary and Bonus Component” shall mean, for the
Executive:
                  (i)  all earned but unpaid salary accrued through the date on which a Termination Without
Cause occurs;
                 (ii)  a salary, at a rate equal to 50% of the sum of the Executive’s then current base
salary plus then current target sales incentive payment under the Company’s sales compensation program, payable during the period from the day after the date of such termination through the last day of the Term and payable at such intervals as
shall have applied immediately prior to such termination; 
                 (iii)  a sales incentive payment under the
Company’s sales compensation program for the calendar quarter in which such termination occurs, payable within 30 days after the end of such quarter and in an amount (but not less than zero) equal to (x) 95% of the sum of (I) the
Executive’s then current base salary for such quarter and (II) the Executive’s then current quarterly target sales incentive payment for such quarter minus (y) the aggregate amount of salary and sales incentive payments actually received
by the Executive (prior to withholding) from the Company with respect to such quarter; 
                 (iv)  a sales
incentive payment under the Company’s sales compensation program for the period beginning on the first day of the calendar quarter (the “Second Quarter”) immediately following the calendar quarter in which such termination occurs and
ending on the sooner of (x) the last day of the Second Quarter or (y) the later of (1) the last day of the Term or (2) the Final Date, payable within 30 days after the end of such period and in an amount equal to 45% of the Executive’s
quarterly target sales incentive payment multiplied by a fraction, the numerator of which is the number of days in such period and the denominator of which is the number of days in the Second Quarter; and
                (v)   in the event that the last day of the Term occurs prior to the  Final Date (as defined herein), a lump sum amount equal
to the Executive’s then current annual salary multiplied by a fraction, the numerator of which shall be the number of days from the day after the last day of the Term through and including the Final Date and the denominator of which shall be
365.
            (f) Thus, by way of example, if (a) a Trigger Event were to occur on December 15, 2003, (b) this Agreement were to terminate as a
result of a Termination Without Cause on March 15, 2004, (c) at the time of 
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   such termination, the Executive’ salary is $100,000 per year, (d) at the time of such termination, the Executive’s target sales incentive payment is $12,500 per
month and (e) at the time of such termination, the Executive had already received, for the quarter in which such termination occurred, $40,000 in salary and sales incentive payments, then the Executive’s Salary and Bonus Component would
equal:
                 (i) all earned but unpaid salary accrued through March 15, 2004;
                 (ii)  salary at the rate of $125,000 per year, payable during the period from March 16, 2004 through December 15, 2004; 
 
               (iii) a sales incentive payment for the quarter ending March 31, 2004 in an amount equal to $19,375 (representing 95% of
$62,500 minus $40,000); and
                 (iv)  a sales incentive payment for the quarter ending June 30, 2004 in an
amount equal to $16,875 (representing 45% of $37,500).
           (g) The term “Final Date” shall mean the date which is a specified
number of weeks after the Date of Termination.  Such specified number shall be the lesser of (x) 26 and (y) two times the number of full six month periods during which the Executive shall have been employed by the Company as of the Date of
Termination.
            7.  Disability; Death
            (a) In the event the Executive shall be unable to perform his duties hereunder by virtue of illness or physical or mental incapacity or disability (from any cause or
causes whatsoever) in substantially the manner and to the extent required hereunder prior to the commencement of such disability (all such causes being herein referred to as “disability”), the Company shall have the right to terminate the
Executive’s employment hereunder as at the end of any calendar month during the continuance of such disability upon at least 30 days’ prior written notice to him.  In the event of the Executive’s death during the Term, the Date
of Termination shall be the date of such death. 
            (b) In the event the Executive’s employment terminates pursuant to section 7(a),
the Executive, or in the case of his death, the Executive’s estate, shall be entitled to receive, subject to any Offsets, (i) all salary and bonus compensation earned but unpaid as of the Date of Termination, (ii) any unpaid reimbursable
expenses outstanding and (iii) any unused accrued vacation, as of such date.  Any benefits to which the Executive or his beneficiaries may be entitled under the plans and programs described in Section 5 above, or any other applicable plans and
programs, as of his Date of Termination shall be determined in accordance with the terms of such plans and programs.  Except as provided in this Section 7(b), in the event of the Executive’s termination due to disability or death, the
Company shall have no further liability to the Executive or the Executive’s heirs, beneficiaries or estate for damages, compensation, benefits, severance, indemnities or other amounts of whatever nature.
           9.  Confidential Information and Noncompete 
             The Executive acknowledges that the provisions of the employee confidentiality, intellectual property and noncompete agreement (the “Employee Agreement”)
previously executed by him remain in full force and effect, except that the noncompete provisions shall, unless waived by the Company, expire twelve months after the date on which the Executive is last paid by the Company.  Executive may
voluntarily elect to stop payments from the Company at any time.
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             9.  Enforceability
            The failure of any party at any time to require performance by another party of any provision hereunder shall in no way affect the right of that party thereafter to
enforce the same, nor shall it affect any other party’s right to enforce the same, or to enforce any of the other provisions in this Agreement; nor shall the waiver by any party of the breach of any provision hereof be taken or held to be a
waiver of any subsequent breach of such provision or as a waiver of the provision itself.
            10.  Assignment
 
          This Agreement is a personal contract and the Executive’s rights and obligations hereunder may not be sold, transferred, assigned, pledged or
hypothecated by the Executive.  The rights and obligation of the Company hereunder shall be binding upon and run in favor of the successors and assigns of the Company; provided, however, the Company may not assign or transfer its rights or
obligations under this Agreement unless such assignee or transferee assumes the liabilities, obligations and duties of the Company, as contained in this Agreement, either contractually or as a matter of law.
           11.  Modification
            This Agreement may not
be orally canceled, changed, modified or amended, and no cancellation, change, modification or amendment shall be effective or binding, unless in writing and signed by the parties to this Agreement.
            12.  Severability; Survival
            In the event
any provision or portion of this Agreement is determined to be invalid or unenforceable for any reason, in whole or in part, the remaining provisions of this Agreement shall nevertheless be binding upon the parties with the same effect as though the
invalid or unenforceable part had been severed and deleted. The respective rights and obligations of the parties hereunder shall survive the termination of the Executive’s employment to the extent necessary to the intended preservation of such
rights and obligations.
            15.  Notice
            Any notice, request, instruction or other document to be given hereunder by any party hereto to another party shall be in writing and shall be deemed effective (a)
upon personal delivery, if delivered by hand, or (b) three days after the date of deposit in the mails, postage prepaid, if mailed by certified or registered mail, or (c) on the next business day, if sent by facsimile transmission or prepaid
overnight courier service, and in each case, addressed as follows:

	   
 	  If to the Executive:
 	   
 
	  
 	   
 	   
 
	   
 	 
 	   
 
	   
 	 
 	   
 
	   
 	 
 	   
 
	   
 	   
 	   
 
	   
 	  If to the Company:
 	   
 
	   
 	   
 	   
 
	   
 	  ITXC Corp.
 	   
 
	  
 	  750 College Road East
 	   
 
	   
 	  Princeton, New Jersey 08540
 	   
 
	   
 	  Attention:  Chief Executive Officer
 	   
 

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   Any party may change the address to which notices are to be sent by giving notice of such change of address to the other party in the manner herein provided for giving
notice.
            16.  Applicable Law
            This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey, without application of conflict or law provisions applicable
herein.
            17.  Subsidiaries and Affiliates
            As used herein, the term “subsidiary” shall mean any corporation or other business entity controlled directly or indirectly by the corporation or other
business entity in question, and the term “affiliate” shall mean and include any corporation or other business entity directly or indirectly controlling, controlled by or under common control with the corporation or other business entity
in question.
           18.  No Conflict
            The Executive represents and warrants that he is not subject to any agreement, instrument, order, judgment or decree of any kind, or any other restrictive agreement
of any character, which would prevent him from entering into this Agreement or which would be breached by the Executive upon his performance of his duties pursuant to this Agreement.
            19.  Entire Agreement
            This Agreement and
the Employee Agreement represent the entire agreement between the Company and the Executive with respect to the subject matter hereof, and all prior agreements, plans and arrangements relating to the employment of the Executive the Company are
nullified and superseded hereby.
            20.  Headings
            The headings contained in this Agreement are for reference purposes only, and shall not affect the meaning or interpretation of this Agreement.
            IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written.

	   
 	  ITXC CORP.
 	   
 
	  
 	   
 	   
 
	   
 	   
 	   
 
	   
 	  By:
 	  /s/
 	   
 
	   
 	   
 	 
 	   
 
	   
 	  Name:
 	   
 	   
 
	   
 	  Title:
 	   
 	   
 
	   
 	   
 	   
 	   
 
	  
 	  
 	  
 	  
 
	  
 	 Executive’s Signature
 	  
 
	  
 	  
 	  
 
	  
 	  
 	 /s/
 	  
 
	  
 	  
 	 
 	  
 

 7Employment Agreement with Kendra VanderMeulen

 Exhibit 10.1 
  
 EMPLOYMENT AGREEMENT 
  
 This Employment Agreement (the “Agreement”) is made and entered into effective as of May 19, 2003 (the “Effective Date”), by and
between Kendra VanderMeulen (“Employee”) and InfoSpace, Inc. (the “Company”). 
  
 In consideration of the mutual covenants herein contained, the employment of Employee by the Company, and other good and valuable consideration the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
  
 1. Certain Definitions. 
  
 (a) “Cause”. For these purposes, “Cause” means 
  
 (i) any act of criminal or fraudulent misconduct taken by Employee in connection with Employee’s responsibilities as an employee of the Company which is intended to result in Employee’s personal enrichment,

  
 (ii) Employee’s conviction of a felony,

  
 (iii) breach of a fiduciary duty owed by
Employee to the Company or its stockholders, or 
  
 (iv) continued
material violations by Employee of Employee’s employment obligations to the Company after Employee has been given adequate written notice of such noncompliance and Employee has had a minimum of sixty (60) days to cure such noncompliance.

  
 (b) “Change of Control”. For purposes of this
Agreement, a “Change of Control” is defined as the occurrence of any of the following: 
  
 (i) Any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) is or becomes the
“beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s then outstanding voting securities;

  
 (ii) Any merger or consolidation of the Company with any other
corporation that has been approved by the stockholders of the Company, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining
outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity outstanding immediately after such
merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation 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; or 
  
 (iv) A change in the composition of the
Company’s Board of Directors (the “Board”) occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors. An “Incumbent Director” is defined as a director who either
(A) is a director of the Company as of the Effective Date, or (B) is elected, or nominated for election, to the Board with the affirmative votes of at least a majority of the Incumbent Directors at the time of such election or nomination. For
purposes of the preceding, individuals who are elected pursuant to clause (B) also shall be considered Incumbent Directors. 
  
 (c) “Disability”. For purposes of this Agreement, “Disability” is defined as Employee’s inability to perform his
employment duties to the Company hereunder for 180 days (in the aggregate) in any one-year period as determined by an independent physician selected by the Company. 
  
 (d) “Good Reason”. For purposes of this Agreement, “Good Reason” is defined as the occurrence of
any of the following without Employee’s express prior written consent: (i) a significant change of or to Employee’s duties, position, responsibilities, title or reporting relationship (other than pursuant to a promotion); (ii) a
substantial reduction, unless such reduction is nondiscriminatory as to Employee, of the facilities and perquisites available to Employee; (iii) a reduction by the Company of Employee’s base salary or a reduction or other material change to
Employee’s incentive bonus inconsistent with the provisions of Section 5(b) below; (iv) a material reduction by the Company in the kind or level of employee benefits to which Employee is entitled; (v) the relocation of Employee to a facility or
a business location more than twenty-five (25) miles from the location of the Company’s headquarters as of the Effective Date; (vi) any purported termination of Employee other than for 
  

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 Cause; (vii) a material breach of this Agreement by the Company; or (viii) a change in the composition of the Board
occurring within a two-year period, as a result of which fewer than a majority of the directors are Incumbent Directors. 
  
 Employee and Company further agree that in addition to clauses (i) through (viii) above, the definition of “Good Reason” as used in this
Agreement shall be deemed satisfied if, after diligent efforts by Employee and Company, they are unable to reach mutual agreement on the elements of a reasonable business plan for the Company’s wireless business unit within twelve (12) months
of the Effective Date. 
  
 (e) “Release”. For
purposes of this Agreement, “Release” is defined as a release of claims in a form substantially equivalent to that traditionally used by the Company in the ordinary course in connection with separating employees; provided, however,
that notwithstanding the foregoing, such Release is not intended to and will not waive Employee’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 Employee and the Company, or pursuant to applicable law; (ii) to vested benefits or payments specifically to be provided to Employee under this Agreement or any Company employee benefit plans
or policies; (iii) respecting any claims which Employee may have solely by virtue of Employee’s status as a shareholder of the Company; or (iv) respecting any claims by Employee for defamation, libel or slander. 
  
 2. Duties and Scope of Employment. The Company shall employ Employee in the position
of Executive Vice President, Wireless. Employee will render such business and professional services in the performance of Employee’s duties, consistent with Employee’s position within the Company, as shall reasonably be assigned to
Employee at any time and from time to time by the Company’s Chief Executive Officer or the Board of Directors. 
  
 3. Obligations. While employed hereunder, Employee will perform his/her duties faithfully and to the best of Employee’s ability. Employee agrees not to
actively engage in any other employment, occupation or consulting activity for any direct or indirect remuneration without the prior approval of the Chief Executive Officer; provided, however, that notwithstanding anything to the contrary in
the Company’s standard form of Employee Non-Disclosure, Invention Release and Non-Competition Agreement attached hereto as Exhibit A, Employee may engage in non-competitive business or charitable activities so long as such activities do not
materially interfere with Employee’s responsibilities to the Company. Notwithstanding anything to the contrary herein and without limiting the generality of the proviso in immediately preceding sentence, Company expressly recognizes and agrees
that Employee may serve in the following capacities for the following companies (and/or their successors): (a) as a member of the boards of directors of NetMotion Wireless, Inc., GoAhead Software    , and Aether
Systems    ; and (b) as a member of the advisory board of sonim technologies, Inc. 
  
 4. At-Will Employment. Subject to the terms and conditions hereof including without limitation Sections 6 and 7, the Company and the Employee acknowledge that the Employee’s employment is and shall
continue to be terminable at-will, either party able to terminate the employment relationship with or without Cause. 
  
 5. Compensation and Benefits. 
  
 (a) Base Compensation. The Company shall pay Employee as compensation for Employee’s services hereunder an annual base salary of $250,000.
Such salary shall be subject to applicable tax withholding and shall be paid periodically in accordance with normal Company payroll practices. The base salary shall be subject to annual review by the CEO and the Compensation Committee of the Board
but in no event shall be less than $250,000. 
  
 (b) Incentive
Bonus. In addition to the base salary, Employee may receive a performance bonus during each year of employment with the Company under this Agreement equal to an amount to be determined by the CEO and the Compensation Committee of the Board. Such
performance bonus, if any, shall be based upon performance objectives to be mutually determined by the CEO and Employee. The target amount of this bonus when objectives are met shall be no less than 50% of the Employee’s then current salary for
the applicable fiscal year. 
  
 (c) Benefits. Employee
shall be eligible to participate in the employee benefit plans which are available or which 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.

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

  

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 (e) Stock Options. As of the Effective Date, Employee will be granted a non-qualified stock option
(the “Effective Date Option”) to purchase 175,000 shares of the Company’s common stock at an exercise price equal to the per share equivalent of the fair market value of the Company’s common stock on the date of grant as
determined by the closing price of the Company’s common stock on NASDAQ NMS on the date of grant, or, if there is no such reported price on the date of grant, the closing price on the trading day on NASDAQ NMS first preceding the date of grant.
Subject to the accelerated vesting provisions set forth herein, the Effective Date Option shall vest as to twenty-five percent (25%) of the shares subject thereto on the first anniversary of the grant date and shall vest ratably on a monthly basis
thereafter over the three (3) year period commencing on the first anniversary of the grant date subject to Employee’s continued full-time employment by the Company on the relevant vesting dates. The Effective Date Option shall be subject to the
terms and conditions of the Company’s Restated 1996 Stock Incentive Plan (the “1996 Plan”) and the stock option agreement between Employee and the Company; provided, however, that notwithstanding the foregoing, in the event of
a conflict between the terms and conditions of the Effective Date Option and this Agreement, the terms and conditions of this Agreement shall prevail. 
  
 6. Termination of Employment. 
  
 (a) Termination by Company for Cause; Voluntary Termination. In the event Employee’s employment with the Company is terminated for Cause by
the Company or voluntarily by Employee (other than for Good Reason) (i) the Company shall pay Employee any unpaid base salary due for periods prior to the date of termination of employment (“Termination Date”); (ii) the Company shall pay
Employee all of Employee’s accrued and unused “paid time off” (“PTO”), if any, through the Termination Date; and (iii) following submission of proper expense reports by Employee, the Company shall reimburse Employee for all
expenses reasonably and necessarily incurred by Employee in connection with the business of the Company through the Termination Date. These payments shall be made promptly upon termination and within the period of time mandated by applicable law.
Employee shall retain all stock options that are vested as of the Termination Date and such stock options may be exercised in accordance with the provisions of the applicable stock option plan(s) and the respective stock option agreement(s).

  
 (b) Termination by Company without Cause. The Company
may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release,
then Employee shall be entitled to the following: 
  
 (i) a
one-time “lump sum” payment of severance pay (less applicable withholding taxes) in an amount equal to Employee’s annual base salary, as then in effect, to be paid in accordance with the Company’s normal payroll policies no later
than the Company’s first regular payroll date following the Termination Date; 
  
 (ii) a one-time “lump sum” payment of severance pay (less applicable withholding taxes) in an amount equal to 100% of Employee’s annual bonus rate, as then in effect, to be paid in accordance with the
Company’s normal payroll policies no later than the Company’s first regular payroll date following the Termination Date; and 
  
 (iii) the same level of health (i.e., medical, vision and dental) coverage and benefits as in effect for the Employee on the day immediately preceding the
Termination Date; provided, however, that (A) the Employee constitutes a qualified beneficiary, as defined in Section 4980B(g)(1) of the Internal Revenue Code of 1986, as amended; and (B) Employee elects continuation coverage pursuant to the
Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time period prescribed pursuant to COBRA. The Company shall continue to provide Employee with Company-paid health coverage until the earlier of (y)
the date Employee is no longer eligible to receive continuation coverage pursuant to COBRA, or (z) twelve (12) months from the Termination Date. 
  
 (iv) Fifty percent (50%) of the Employee’s then unvested stock options shall immediately vest and become exercisable and Employee shall have twelve
(12) months following the Termination Date to exercise such vested shares; provided, however, that in the event of a conflict between the terms and conditions of any such stock option agreement and this Agreement, the terms and conditions of
this Agreement shall prevail unless the conflicting provision(s) in any such stock option agreement shall be more favorable to Employee in which case the provision(s) more favorable to Employee shall govern; provided further, however, that
notwithstanding the foregoing in no event shall the extended twelve (12) month exercise period specified in this Section 6(b)(iv) modify or extend the Expiration Date of any stock option as set forth in such stock option agreement. 
  
 (c) Termination by Employee for Good Reason. If Employee terminates
employment with the Company for Good Reason within 90 days of a Good Reason event, or within twelve (12) months if the Good Reason event is a Change of Control, and Employee signs and does not revoke a Release, then Employee shall be entitled to the
same benefits as set forth in Sections 6(b)(i) through 6(b)(iv) above. 
  
 In
addition, in the event that Employee terminates employment with the Company for Good Reason within 30 days of the Good Reason event set forth in the last paragraph of the “Good Reason” definition set forth in Section 1(d) above (Employee
and Company are unable to reach mutual agreement on the elements of a reasonable business plan for the Company’s wireless business unit within twelve (12) months of the Effective Date) then (i) the term of Employee’s non-competition
covenant as set forth in the Company’s standard form of Employee Non-Disclosure, Invention Release and Non-Competition Agreement shall be 
  

 3 

 deemed amended to a period of six (6) months commencing from the Termination Date; and (ii) the term
“InfoSpace’s ‘business’” as defined in Section 1 of the Non-Disclosure, Invention Release and Non-Competition Agreement shall be deemed amended to expressly exclude the Company’s wireless data business. In all other
respects, the terms of Employee’s Non-Disclosure, Invention Release and Non-Competition Agreement shall remain in full force and effect including without limitation the provisions thereof regarding the obligations of Employee with respect to
the Company’s confidential and proprietary information and any information the Company has received from others which the Company is obligated to treat as confidential or proprietary. 
  
 (d) Death. In the event of Employee’s death while employed
hereunder, Employee’s beneficiary (or such other person(s) specified by will or the laws of descent and distribution) will receive (i) continuing payments of severance pay (less applicable withholding taxes) at a rate equal to Employee’s
base salary for a period of ninety (90) days from Employee’s death, to be paid periodically in accordance with the Company’s normal payroll policies, (ii) Company-paid COBRA benefits as specified in Section 6(b)(iii) above for ninety (90)
days from Employee’s death, and (iii) have the right to exercise Employee’s stock options which are vested as of the date of Employee’s death for one (1) year following Employee’s death. 
  
 (e) Disability. In the event of Employee’s termination of
employment with the Company due to Disability, Employee shall be entitled to continuing payments of base salary (less applicable withholding taxes) until Employee is eligible for long-term disability payments under the Company’s group
disability policy; provided, however, that in no event shall such period of continued base salary exceed 180 days following termination. 
  
 7. Change of Control Benefits. If Employee (i) is terminated other than for Cause by the Company within ninety (90) days prior to a Change of Control or as a
result of or in connection with a Change of Control or (ii) is terminated other than for Cause by the Company (or its successor corporation) or resigns for Good Reason within twelve (12) months following a Change of Control, and provided that
Employee signs and does not revoke a Release, then Employee shall be entitled to the same benefits as set forth in Sections 6(b)(i) through 6(b)(iv) above. 
  
 Notwithstanding the foregoing, in the event that the benefits provided for in this Section 7 (i) constitute “parachute payments” within the meaning of Section
280G of the Code, and (ii) would be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then Employee’s benefits otherwise payable under this Section 7 shall be reduced by the minimum extent necessary
such that no portion of such benefits would be subject to the Excise Tax. Unless the Company and Employee otherwise agree in writing, any determination required under this Section 7 shall be made in writing by the Company’s independent public
accountants (the “Accountants”), whose determination shall be conclusive and binding upon Employee and the Company for all purposes. For purposes of making the calculations required by this Section 7, the Accountants may make reasonable
assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Section 280G and 4999 of the Code. The Company and Employee shall furnish to the Accountants such
information and documents as the Accountants may reasonably request in order to make a determination under this Section 7. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this
Section 7. 
  
 8. No Impediment to Agreement. Employee hereby represents to
the Company that Employee is not, as of the date hereof, and will not be during Employee’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 which would constitute an impediment to, or restriction upon, Employee’s ability to enter this Agreement and to perform the duties of Employee’s employment. 
  
 9. Confidentiality, Non-Competition and Non-Solicitation. Employee agrees, as a
condition to Employee’s employment with the Company, to execute the Company’s standard form of Employee Non-Disclosure, Invention Release and Non-Competition Agreement attached hereto as Exhibit A. 
  
 10. Arbitration. Employee agrees, as a condition to Employee’s employment with
the Company, to execute the Company’s standard form Arbitration Agreement, as amended, attached hereto as Exhibit B. 
  
 11. Successors; Personal Services. The services and duties to be performed by the Employee 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 Employee and Employee’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 Employee, mailed notices shall be addressed to Employee at the home address, which Employee
most recently communicated to the Company in writing, with a copy to Employee’s counsel as designated by 
  

 4 

 
Employee whose address is provided below. 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. 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 Employee and by an authorized officer of the Company (other than the Employee). 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) which are not expressly set forth in
this Agreement have been made or entered into by either party with respect to the relevant matter hereof. 
  
 (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. 
  
 (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 subsection shall be void. 
  
 (f) No Duty to Mitigate. Employee 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 Employee 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, health insurance and employment taxes. 
  
 (h) Assignment by Company. The Company may assign its rights under this Agreement to an affiliate (as defined under the Securities Exchange Act of
1934), 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 Employee. 
  
 (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.

		
	 	 	 /s/  James F. Voelker

	 	 	 By: James F. Voelker
 Chief Executive Officer

  
  

	 EMPLOYEE:
	 	 /s/  Kendra VanderMeulen

	 	 	 Kendra VanderMeulen

  

 5

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