Document:

Employment Agreement

 Exhibit 10.1 
 EMPLOYMENT AGREEMENT 
 This EMPLOYMENT AGREEMENT (the
“Agreement”) dated as of January 9, 2012 (the “Date of this Agreement”), is made by and between Local.com Corporation, a Delaware corporation (the “Employer” or “Company”), and
Erick Herring (the “Executive” and together with the Company, the “Parties”). 
 WHEREAS, and the
Employer wishes to employ the Executive on the terms set forth below; 
 WHEREAS, Executive wishes to accept such employment;

 NOW, THEREFORE, it is hereby agreed by and between the Parties as follows: 

 

	1.	Term. 

 The Employer
hereby employs the Executive, and the Executive hereby accepts such employment, for an initial term commencing as of the Date of this Agreement and ending on the first anniversary of such date, unless sooner terminated in accordance with the
provisions of Section 4 or Section 5; with such employment to continue thereafter for successive one-year periods in accordance with the terms of this Agreement beginning on each anniversary of the Date of this Agreement (subject to
termination as aforesaid) unless either party notifies the other party in writing not less than thirty (30) days before expiration of the initial term and each annual renewal thereof (the period during which the Executive is employed hereunder
being hereinafter referred to as the “Term”) of an intent not to renew this Agreement. 
  

	2.	Duties. 

 During the Term,
the Executive shall be employed by the Employer as its Senior Vice President, Technology, and as such, the Executive shall faithfully perform for the Employer the duties and have the powers customary for such position. During the Term, the Executive
shall report to the Chief Operating Officer of the Employer (the “COO”), or such other person as the Company may later designate from time to time. The Executive shall devote substantially all of his business time and effort to the
performance of his duties hereunder, and shall work primarily at the Business’s main offices presently located at 7555 Irvine Center Drive, Irvine CA 92618. Executive shall not be prohibited from engaging in such personal, charitable, or other
nonemployment activities as do not interfere with full time employment hereunder upon written approval of the COO or his subsequent designee and which do not violate the other provisions of this Agreement. 

 

	3.	Compensation. 

 3.1
Salary. In consideration of the services to be rendered under this Agreement, the Employer shall pay the Executive during the Term a salary at the rate of Two Hundred Fifty Thousand Dollars ($250,000) per annum (the “Annual
Salary”), in accordance with the customary payroll practices of the Employer applicable to other managers of similar stature at the Company, provided the payments are no less frequent than monthly (or, if there is no such policy,

 
payments shall be semi-monthly). The Annual Salary shall be annually reviewed by the Employer for possible increases. The Annual Salary shall be subject to possible further increase from time to
time at the discretion of the COO or his subsequent designee, the Chief Executive Officer (CEO), the Board of Directors of the Employer (“Board”), or a committee of the Board designated for such purpose. Any increased Annual Salary
shall thereupon be the “Annual Salary” for the purposes hereof. The Executive’s Annual Salary shall not be decreased without his prior written consent at any time during the Term. 

3.2 Incentive Compensation. 
 (a) During the Term, the Executive shall also be eligible to receive, in addition to his Annual Salary, an annual Bonus (the “Bonus”) of up to forty percent (40%) of the Annual
Salary. Any increase in the Bonus target shall thereupon be the “Bonus” for the purposes hereof. The amount of such Bonus and any performance standards or goals required to be attained in order to receive such Bonus shall be mutually
agreed upon by Executive and the COO or his later designee or such committee of the Board as they shall designate for such purpose from time to time. The Bonus shall be declared and paid according to the Company’s payroll policies and
practices. Any actual Bonus paid shall be determined by achievement of mutually agreed goals and company performance. 
 3.3
Equity Grants. The Executive shall be granted options to purchase sixty thousand (60,000) shares of the common stock of the Employer pursuant to the Employer’s Equity Incentive Plans (the “Options”). At the option
of the Executive as of the date of grant, the Options may be intended to qualify as “incentive stock options” within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended. The Options shall be granted on the
Executive’s Date of this Agreement and shall have an exercise price equal to the closing stock price on such date. Such options will vest fifty percent (50%) on the one year anniversary of the Date of this Agreement and the remainder on a
quarterly basis thereafter, provided that the Executive is employed by the Employer as of each such Option vesting date. The vesting periods shall be subject to possible acceleration in the discretion of the CEO or such committee of the Board as
they shall designate for such purpose from time to time. In addition to the Options, the Executive may receive subsequent grants of stock options, restricted stock units, deferred stock units and other equity grants from the Employer from time to
time (collectively, inclusive of the Options, the “Equity Grants”). 

  
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 Upon either (i) a Change of Control, defined below, of the Employer, or (ii) a
termination of the executive by Employer without Cause (defined in Section 5.1(a) below), or a termination by Executive for Good Reason (defined in Section 5.2(a) below), if such event of termination without cause or for good reason occurs
within one hundred twenty (120) days prior and/or subsequent to the execution and delivery of an acquisition, merger, consolidation or other agreement which results in a Change of Control, any Equity Grants that Employee receives from Employer
shall become fully vested immediately and, if appropriate based upon the terms of such Equity Grant (e.g., stock options), shall remain exercisable during the term of each such Equity Grant as if the Executive were still employed by Employer. For
purposes of this Agreement “Change of Control” shall mean the occurrence of any one of the following events: 
 (a)
any Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing thirty-five percent (35%) or more, excluding in the calculation of Beneficial Ownership securities acquired directly from the
Company, of the combined voting power of the Company’s then outstanding voting securities; 
 (b) any Person is or becomes
the Beneficial Owner, directly or indirectly, of securities of the Company representing over fifty percent (50.00%) or more of the combined voting power of the Company’s then outstanding voting securities; 

(c) the following individuals cease for any reason to constitute a majority of the number of directors of the Company then serving:
individuals who, as of the Date of this Agreement, constitute the Board of Directors of the Company (the “Board”) and any new director (other than a director whose initial assumption of office is in connection with an actual or
threatened election contest, including but not limited to a consent solicitation, relating to the election of directors of the Company) whose appointment or election by the Board or nomination for election by the Company’s stockholders was
approved or recommended by a vote of the at least two-thirds (2/3) of the directors then still in office who either were directors on the Date of this Agreement or whose appointment, election or nomination for election was previously so
approved or recommended; 
 (d) there is a consummated merger or consolidation of the Company or any direct or indirect
subsidiary of the Company with any other corporation, other than (A) 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 or parent entity) more than fifty percent (50.00%) of the combined voting power of the voting securities of the Company or such surviving or parent equity outstanding
immediately after such merger or consolidation or (B) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no person, directly or indirectly, acquired twenty-five percent
(25%) or more of the combined voting power of the Company’s then outstanding securities (not including in the securities beneficially owned by such person any securities acquired directly from the Company or its Affiliates); or 

(e) the stock holders of the Company approve a plan of complete liquidation of the Company or there is consummated an agreement for the
sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction having a similar effect), other than a sale or disposition by the Company of all or substantially all of the Company’s assets to an
entity, at least fifty percent (50%) of the combined voting power of the voting securities of which are owned by stockholders of the Company in substantially the same proportions as their ownership of the Company immediately prior to such sale.

  
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 The terms of this Section 3.3 shall be included in all applicable Equity Grant
agreements between Employer and Executive. For purposes of this Section 3.3, the following terms used above shall have the following meanings: 
 “Affiliate” shall mean an affiliate of the Company, as defined in Rule 12b-2 promulgated under Section 12 of the Securities Exchange Act of 1934, as amended from time to time (the
“Exchange Act”); 
 “Beneficial Owner” shall have the meaning set forth in Rule
13d-3 under the Exchange Act; and 
 “Person” shall have the meaning set forth in
Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof, except that such term shall not include (1) the Company, (2) a trustee or other fiduciary holding securities under an employee benefit plan
of the Company, (3) an underwriter temporarily holding securities pursuant to an offering of such securities or (4) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as
their ownership of shares of Common Stock of the Company. 
 3.4 Benefits. Except as otherwise provided herein, the
Executive shall be entitled to participate commencing February 1, 2012 in any group life, medical or disability insurance plans, health programs, retirement plans, fringe benefit programs and similar benefits that may be available to other
executives of similar stature at the Company generally, on the same terms as such other managers, to the extent that the Executive is eligible under the terms of such plans or programs as they may be in effect from time to time. Employer will
provide coverage for the Executive under the Employer’s health benefits plan and will pay 100% of the cost of spouse or dependent coverage up to a total of $1,500 per month. Coverage under the health benefits plan will be in effect commencing
with the first month following thirty (30) days of Executive’s employment. 
 3.5 Expenses. The Employer shall
pay or reimburse the Executive for all ordinary and reasonable out-of-pocket expenses actually incurred (and, in the case of reimbursement, paid) by the Executive during the Term in the performance of the Executive’s services under this
Agreement, provided that (i) such expenditure is of a nature qualifying it as a proper business expense deduction on the Employer’s federal and state income tax returns and (ii) the Executive submits proof of such expenses, with the
properly completed forms as prescribed from time to time by the Employer, no later than 30 days after the end of the monthly period in which such expenses have been so incurred. In addition, the Employer will also pay Executive a monthly car
allowance of $650 a month. 
 3.6 Compliance with Section 409A of the Internal Revenue Code; Short-Term Deferral
Exemption. This Agreement is not intended to provide for any deferral of compensation subject to Section 409A of the Internal Revenue Code (the “Code”) and, accordingly, any compensation provided pursuant to this Agreement is
intended to be paid not later than the later of: (i) the fifteenth day of the third month following Executive’s first taxable year in which such benefit is no longer subject to a substantial risk of forfeiture, and (ii) the fifteenth
day of the third month following the first taxable year of the Employer in which such benefit is no longer subject to a substantial risk of forfeiture, as determined in accordance with Section 409A of the Code and any Treasury Regulations and
other guidance issued thereunder. The date determined under this subsection is referred to as the “Short-Term Deferral Date.” Notwithstanding anything to 

  
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the contrary herein, in the event that any benefits provided pursuant to this Agreement are not actually or constructively received by the Executive on or before the Short-Term Deferral Date, to
the extent such benefit constitutes a deferral of compensation subject to Code Section 409A, then such benefit shall be paid upon the Executive’s separation from service, with respect to the Employer and its affiliates within the meaning
of Section 409A of the Code. Notwithstanding any other provision of this Agreement to the contrary, Executive and the Company shall in good faith amend this Agreement to the extent necessary to comply with the requirements under
Section 409A of the Code and any regulations or other guidance issued thereunder, in order to ensure that any amounts paid or payable hereunder are not subject to the additional 20% income tax thereunder while maintaining to the maximum extent
practicable the original intent of this Agreement. 
  

	4.	Termination upon Death or Disability. 

 If the Executive dies during the Term, the Term shall terminate as of the date of death, and the obligations of the Employer to or with respect to the Executive shall terminate in their entirety upon such
date except as otherwise provided under this Section 4. If the Executive becomes disabled for purposes of the long-term disability plan of the Employer for which the Executive is eligible, or, in the event that there is no such plan, if the
Executive by virtue of ill health or other disability is unable to perform substantially and continuously the duties assigned to him for more than 180 consecutive or non-consecutive days out of any consecutive 12-month period, then the Employer
shall have the right, to the extent permitted by law, to terminate the employment of the Executive upon notice in writing to the Executive. Upon termination of employment due to death or disability, the Executive (or the Executive’s estate or
beneficiaries in the case of the death of the Executive) shall be entitled to receive any Annual Salary and other benefits earned and accrued under this Agreement prior to the date of termination (and reimbursement under this Agreement for expenses
incurred prior to the date of termination and the Executive (or, in the case of his death, his estate and beneficiaries) shall have no further rights to any other compensation or benefits hereunder on or after the termination of employment, or any
other rights hereunder, except as otherwise provided in the plans and policies of the Employer. 
  

	5.	Certain Terminations of Employment. 

 5.1 Termination for Cause; Termination of Employment by the Executive without Good Reason. 
 (a) For purposes of this Agreement, “Cause” shall mean the Executive’s: 
 (i) conviction of (or pleading nolo contendere to) a felony; 
 (ii) engagement in
the performance of his duties hereunder or otherwise to the demonstrable detriment of the Employer, in willful misconduct, willful or gross neglect, fraud, misappropriation or embezzlement; 

  
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 (iii) After notice from the COO or his subsequent designee, the failure to adhere to the
lawful and reasonable directions of the COO or his subsequent designee that are consistent with the terms of this Agreement (so long as the directive does not give the Executive Good Reason (as defined below) to terminate his employment as described
in Section 5.2), or the failure to devote substantially all of the business time and effort to the Employer (except for any activities expressly authorized by the Employer); 

(iv) material breach of any of the provisions of Section 6, other than inadvertent breaches; or 

(v) breach in any of the terms and provisions of this Agreement and failure to cure such breach within ten (10) days following
written notice from the Employer specifying such breach; 
 provided that Cause shall not exist except on written notice given to the Executive
at any time not more than 60 days following the later of either the occurrence of any of the events described above or Employer’s actual knowledge thereof, which events in any case must have occurred after the effective date of this Agreement.

 (b) The Employer may terminate the Executive’s employment hereunder for Cause, and the Executive may terminate his
employment for any or no reason on at least 30 days’ and not more than 60 days’ written notice given to the Employer. If the Employer terminates the Executive for Cause, or the Executive terminates his employment and the termination by the
Executive is not covered by Section 4 or 5.2, (i) the Executive shall receive Annual Salary and other benefits earned and accrued under this Agreement prior to the termination of employment (and reimbursement under this Agreement for
expenses incurred prior to the termination of employment); and (ii) the Executive shall have no further rights to any other compensation or benefits hereunder on or after the termination of employment, or any other rights hereunder, except as
otherwise provided in the plans and policies of the Employer. 
 5.2 Termination by the Employer without Cause; or by the
Executive for Good Reason. 
 (a) For purposes of this Agreement, “Good Reason” shall mean, unless
otherwise consented to in writing by the Executive; 
 (i) a reduction in Annual Salary of the Executive, or the failure of the
Employer timely to make any Annual Salary payment due to the Executive, provided that such deferral or failure to pay continues unremedied for more than thirty (30) days; 

(ii) a failure of the Employer to have any successor entity specifically assume this Agreement; or 

(iii) a relocation of the Executive to offices other than those set forth herein, or a relocation of the offices set forth herein to a
location more than 60 miles from its current location, without Executive’s prior written consent. 

  
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 Notwithstanding the foregoing, (i) Good Reason shall not be deemed to exist unless
notice of termination on account thereof (specifying a termination date no later than 30 days from the date of such notice) is given no later than the later of either (1) 60 days after the time at which the event or condition giving rise to
Good Reason first occurs or arises or (2) Executive’s actual knowledge thereof; and (ii) if there exists (without regard to this clause (ii)) an event or condition that constitutes Good Reason, the Employer shall have 30 days from the
date notice of such a termination is given to cure such event or condition and, if the Employer does so fully cure such event or condition, such event or condition shall not constitute Good Reason hereunder, unless the same or similar events or
conditions occur again, in which case no further opportunity to cure will be afforded Employer and Good Reason will exist as if all applicable notice requirements had been met in their entirety. 

(b) The Employer may terminate the Executive’s employment at any time for any reason or no reason and the Executive may terminate
the Executive’s employment with the Employer for Good Reason. A notice of non-renewal, as provided for pursuant to Section 1 above, shall constitute a termination of employment by the Employer without Cause. 

(c) If the Employer terminates the Executive’s employment and the termination is not covered by Section 4 or 5.1, or the
Executive terminates his employment for Good Reason, the Executive shall receive: 
 (i) Annual Salary and other benefits
earned and accrued under this Agreement prior to the termination of employment (and reimbursement under this Agreement for expenses incurred prior to the termination of employment); and 

(ii) the right to exercise any or all vested Equity Grants for a period of twelve (12) months after the effective date of
termination of Executive’s employment; provided however, (A) in the event the termination occurs within 120 days of the execution of a Change of Control agreement as provided in Section 3.3 above, vesting and exercisability of all
Equity Grants shall be in accordance with Section 3.3 above, and (B) in the event the termination occurs at a time not within such 120 day period, for purposes of this provision, all unvested Equity Grants that would have vested had this
Agreement remained in force through the end of the initial Term, shall be fully vested immediately prior to the termination under this Section 5.2(c). The provisions of this subparagraph (v) shall be included in any Equity Grant agreement
between the Employer and the Executive. 
 In order to be eligible to receive the benefits specified under sections 5.2(c)(ii),
the Executive must execute a general release of claims in a form acceptable to the Employer, which shall not apply to the Employer’s obligations described above in this Section 5.2(c). 

 

	6.	Invention, Non-Disclosure and Non-Competition. 

 6.1 Inventions and Patents. 
 (a) The Executive will promptly and fully
disclose to the Employer any and all inventions, discoveries, improvements, ideas, developments, designs, products, formulas, 

  
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software programs, processes, techniques, technology, know-how, negative know-how, data, research, technical data and original works of authorship (whether or not patentable or registrable under
patent, copyright or similar statutes and including all rights to obtain, register, perfect and enforce those proprietary interests) that are related to or useful in the Employer’s present or future business or result from use of property
owned, leased, or contracted for by the Employer and which the Executive develops, makes, conceives or reduces to practice during the Executive’s employment by the Employer, either solely or jointly with others (collectively, the
“Developments”). All such Developments shall be the sole property of the Employer, and the Executive hereby assigns to the Employer, without further compensation, all of the Executive’s right, title and interest in and to such
Developments and any and all related patents, patent applications, copyrights, copyright applications, trademarks, service marks and trade names in the United States and elsewhere. 

(b) The Executive shall disclose promptly to an officer or to attorneys of the Employer in writing any inventions, discoveries,
improvements, ideas, developments, designs, products, formulas, software programs, processes, techniques, technology, know-how, negative know-how, data, research, technical data and original works of authorship, whether or not patentable or
registrable under patent, copyright or similar statutes that are related to or useful in the Employer’s present or future business, the Executive may conceive, make, develop or work on, in whole or in part, solely or jointly with others during
the Executive’s employment, for the purpose of permitting the Employer to determine whether they constitute Developments. The Employer shall receive such disclosures in confidence. 

(c) The Executive will keep and maintain adequate and current written records of all Developments (in the form of notes, sketches,
drawings and as may be specified by the Employer), which records shall be available to and remain the sole property of the Employer at all times. 
 (d) The Executive will assist the Employer in obtaining and enforcing patent, copyright, trademark, service marks and other forms of legal protection for the Developments in any country. Upon request, the
Executive will sign all applications, assignments, instruments and papers and perform all acts necessary or desired by the Employer to assign all such Developments fully and completely to the Employer and to enable the Employer, its successors,
assigns and nominees, to secure and enjoy the full and exclusive benefits and advantages thereof. 
 (e) The Executive
understands that the Executive’s obligations under this section will continue after the termination of the Executive’s employment with the Employer and that during the Executive’s employment the Executive will perform such obligations
without further compensation, except for reimbursement of expenses incurred at the request of the Employer. The Executive further understands that if the Executive is not employed by the Employer as an employee at the time the Executive is requested
to perform any obligations under this section, the Executive shall receive for such performance a reasonable per diem fee, as well as reimbursement of any expenses incurred at the request of the Employer. 

  
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 (f) Any provision in this Agreement requiring the Executive to assign the Executive’s
rights in all Developments shall not apply to an invention that qualifies fully under the provisions of California Labor Code section 2870, the terms of which are set forth below: 

(i) Any provision in an employment agreement which provides that an employee shall assign, or offer to assign, any of his or her rights
in an invention to his or her employer shall not apply to an invention that the employee developed entirely on his or her own time without using the employer’s equipment, supplies, facilities, or trade secret information except for those
inventions that either: 
 (1) Relate at the time of conception or reduction to practice of the invention to the
employer’s business, or actual or demonstrably anticipated research or development of the employer; or 
 (2) Result from
any work performed by the employee for the employer. 
 (ii) To the extent a provision in an employment agreement purports to
require an employee to assign an invention otherwise excluded from being required to be assigned under subdivision (i), the provision is against the public policy of this state and is unenforceable. 

6.2 Proprietary Information. 
 (a) The Executive recognizes that the Executive’s relationship with the Employer is one of high trust and confidence by reason of the Executive’s access to and contact with the trade secrets and
confidential and proprietary information of the Employer including, without limitation, information not previously disclosed to the public regarding current and projected revenues, expenses, costs, profit margins and any other financial and
budgeting information; marketing and distribution plans and practices; business plans, opportunities, projects and any other business and corporate strategies; product information; names, addresses, terms of contracts and other arrangements with
customers, suppliers, agents and employees of the Employer; confidential and sensitive information regarding other employees, including information with respect to their job descriptions, performance strengths and weaknesses, and compensation; and
other information not generally known regarding the business, affairs and plans of the Employer (collectively, the “Proprietary Information”). The Executive acknowledges and agrees that Proprietary Information is the exclusive
property of the Employer and that the Executive shall not at any time, either during the Executive’s employment with the Employer or thereafter disclose to others, or directly or indirectly use for the Executive’s own benefit or the
benefit of others, any of the Proprietary Information. 
 (b) The Executive acknowledges that the unauthorized use or disclosure
of Proprietary Information would be detrimental to the Employer and would reasonably be anticipated to materially impair the Employer’s value. 

  
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 (c) The Executive’s undertakings and obligations under this Section 6.2 will not
apply, however, to any Proprietary Information which: (a) is or becomes generally known to the public through no action on the Executive’s part, (b) is generally disclosed to third parties by the Employer without restriction on such
third parties, (c) is approved for release by written authorization of the Board, (d) is known to the Executive other than as a result of work performed for the Employer, or (e) is required to be disclosed by law or governmental or
court process or order. 
 (d) Upon termination of the Executive’s employment with the Employer or at any other time upon
request, the Executive will promptly deliver to the Employer all notes, memoranda, notebooks, drawings, records, reports, written computer code, files and other documents (and all copies or reproductions of such materials) in the Executive’s
possession or under the Executive’s control, whether prepared by the Executive or others, which contain Proprietary Information. The Executive acknowledges that this material is the sole property of the Employer. 

6.3 Covenant Not to Compete. 
 (a) During the time that this Agreement is in effect, the Executive shall not directly or indirectly: 
 (i) own, engage in, conduct, manage, operate, participate in, be employed by, be connected in any manner whatsoever with, or render services or advice to (whether for compensation or without
compensation), any other person or business entity which, in the sole judgment of the Employer, directly or indirectly competes with the Business of the Employer (as hereinafter defined); or 

(ii) recruit or otherwise solicit or induce any employee of the Employer to terminate his or her employment with, or otherwise cease his
or her relationship with, the Employer in order to join any person or entity which, in the sole judgment of the Employer, competes with the Business of the Employer. 
 (b) For a period of six months after the expiration or termination of this Agreement, the Executive shall not directly or indirectly recruit or otherwise solicit or induce any employee of the Employer to
terminate his or her employment with, or otherwise cease his or her relationship with, the Employer in order to join any person or entity which, in the sole judgment of the Employer, competes with the business of the employer as engaged in at the
expiration or termination of this Agreement. 
 (c) The obligations set forth in paragraphs 6.3(a) and (b) above shall not
restrict the Executive’s right to invest in the securities (not to exceed 1% of the outstanding securities of any class) of any publicly-held corporation in the management of which the Executive does not participate. 

  
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 (d) For purposes of Section 6.3(a), “Business of the Employer” means
the business of Employer as engaged in from time to time during the term of this Agreement, including, but not limited to, paid search. 
 (e) The Executive hereby represents that, except as the Executive has disclosed in writing to the Employer on Exhibit A attached hereto, the Executive is not bound by the terms of any agreement with
any previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of the Executive’s employment with the Employer or to refrain from competing, directly or
indirectly, with the business of such previous employer or any other party. 
 (f) The Executive further represents that the
Executive’s performance of all the terms of this Agreement and as an employee of the Employer does not and will not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by the Executive in confidence or
in trust prior to his employment with the Employer, and the Executive will not disclose to the Employer or induce the Employer to use any confidential or proprietary information or material belonging to any previous employer or others. 

6.4 Other Obligations. The Executive acknowledges that the Employer from time to time may have agreements with other persons or
with the U.S. Government or agencies thereof, which impose obligations or restrictions on the Employer regarding inventions made during the course of work under such agreements or regarding the confidential nature of such work. The Executive agrees
to be bound by all such obligations and restrictions which are made known to the Executive and to take all action necessary to discharge the obligations of the Employer under such agreements. 

6.5 Rights and Remedies upon Breach. The Executive acknowledges and agrees that any breach by him of any of the provisions of
Section 6 (the “Restrictive Covenants”) would result in irreparable injury and damage for which money damages may not provide an adequate remedy. Therefore, if the Executive breaches any of the provisions of Section 6, the
Employer shall have the following rights and remedies, each of which rights and remedies shall be independent of the other and severally enforceable, and all of which rights and remedies shall be in addition to, and not in lieu of, any other rights
and remedies available to the Employer under law or in equity (including, without limitation, the recovery of damages) the right and remedy to have the Restrictive Covenants specifically enforced (without posting bond and without the need to prove
damages) by any court having equity jurisdiction, including, without limitation, the right to an entry against the Executive of restraining orders and injunctions (preliminary, mandatory, temporary and permanent) against violations, threatened or
actual, and whether or not then continuing, of such covenants. 
 6.6 Period of Enforcement. The provisions of this
Section 6 shall remain in full force and effect until the expiration of the periods specified herein notwithstanding the earlier termination of Executive’s employment hereunder. 

6.7 Geographic Scope. The Company and the Business are presently conducting business in the United States via the Internet, and
that geographical area constitutes a reasonable area in which Executive agrees to apply to the Restrictive Covenants set forth in this Section 6 to the extent any geographic scope restriction is required to render the provision. 

  
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	7.	Other Provisions. 

 7.1
Severability. The Executive acknowledges and agrees that (i) he has had an opportunity to seek advice of counsel in connection with this Agreement and (ii) the Restrictive Covenants are reasonable in geographical and temporal scope
and in all other respects. If it is determined that any of the provisions of this Agreement, including, without limitation, any of the Restrictive Covenants, or any part thereof, is invalid or unenforceable, the remainder of the provisions of this
Agreement shall not thereby be affected and shall be given full effect, without regard to the invalid portions. 
 7.2
Duration and Scope of Covenants. If any court or other decision-maker of competent jurisdiction determines that any of the Executive’s covenants contained in this Agreement, including, without limitation, any of the Restrictive
Covenants, or any part thereof, is unenforceable because of the duration or geographical scope of such provision, then, after such determination has become final and unappealable, the duration or scope of such provision, as the case may be, shall be
reduced so that such provision becomes enforceable and, in its reduced form, such provision shall then be enforceable and shall be enforced. 
 7.3 Resolution of Differences Over Breaches of Agreement. The parties shall use good faith efforts to resolve any controversy or claim arising out of, or relating to this Agreement or the breach
thereof. If, despite their good faith efforts, the parties are unable to resolve such controversy or claim through the Employer’s internal review procedures, then such controversy or claim shall be resolved by binding arbitration before a
single, mutually acceptable arbitrator under the rules of the Judicial Arbitration and Mediation Service in Orange County, California and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.
If any contest or dispute shall arise between the Employer and the Executive regarding any provision of this Agreement, the prevailing party, as determined by the Arbitrator, shall be entitled to an award of all legal fees, costs, and expenses
reasonably incurred in connection with such contest or dispute. 
 7.4 Notices. All notices or deliveries authorized or
required pursuant to this Agreement shall be deemed to have been given when in writing and when (i) deposited in the U.S. mail, certified, return receipt requested, postage prepaid, or (ii) otherwise delivered by hand or by overnight
delivery, against written receipt, by a common carrier or commercial courier or delivery service addressed to the parties at the following addresses or to such other addresses as either may designate in writing to the other party: 

To the Employer:     Local.com Corporation 
      Attn: Heath Clarke, CEO 

     7555 Irvine Center Drive 
      Irvine, CA 92618 
 to the Executive:
    Erick Herring 
      248 Glen Summer Road 

     Pasadena, CA 91105 

  
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 7.5 Entire Agreement. This Agreement, together with the Equity Grant agreements
described in Section 3.3, contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, written or oral, with respect thereto. 

7.6 Waivers and Amendments. This Agreement may be amended, superseded, canceled, renewed or extended, and the terms hereof may be
waived, only by a written instrument signed by the parties or, in the case of a waiver, by the party waiving compliance. No delay on the part of any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor
shall any waiver on the part of any party of any such right, power or privilege nor any single or partial exercise of any such right, power or privilege, preclude any other or further exercise thereof or the exercise of any other such right, power
or privilege. 
 7.7 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF CALIFORNIA WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 
 7.8 Assignment. This Agreement, and the
Executive’s rights and obligations hereunder, may not be assigned by the Executive; any purported assignment by the Executive in violation hereof shall be null and void. In the event of any sale, transfer or other disposition of all or
substantially all of the Employer’s assets or business, whether by merger, consolidation or otherwise, the Employer may assign this Agreement and its rights hereunder, subject at all times to Executive’s rights with respect to a Change of
Control as set forth elsewhere herein; provided that such assignment shall not limit the Employer’s liability under this Agreement to the Executive. 
 7.9 Withholding. The Employer shall be entitled to withhold from any payments or deemed payments any amount of tax withholding required by law. 

7.10 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors,
permitted assigns, heirs, executors and legal representatives. 
 7.11 Counterparts. This Agreement may be executed by
the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original but all such counterparts together shall constitute one and the same instrument. Each counterpart may consist of two copies hereof each
signed by one of the parties hereto. 
 7.12 Survival. Anything contained in this Agreement to the contrary
notwithstanding, the provisions of Sections 4 through 8, and the other provisions of this Agreement to the extent necessary to effectuate the survival of Sections 4 through 8, shall survive termination of this Agreement and any termination of the
Executive’s employment hereunder. 

  
 13 

 7.13 Headings. The headings in this Agreement are for reference only and shall not
affect the interpretation of this Agreement. 
 7.14 Indemnification; Directors and Officers Insurance. To the fullest
extent permitted by law, the Employer shall indemnify, defend and hold harmless the Executive from and against all actual or threatened actions, suits or proceedings, whether civil or criminal, administrative or investigative, together with all
attorneys’ fees and costs, fines, judgments or settlements imposed upon or incurred by the Executive in connection therewith, that arise from the Executive’s employment by, or serving as an officer of, the Employer, so long as the
Executive acted or refrained from acting legally and in good faith or reasonably believed that his actions or refraining from acting were legal and performed or omitted in good faith. Employer currently has directors and officers liability insurance
and will use all reasonable efforts to maintain such insurance coverage during the term of this Agreement, but if it is unable to do so, it will immediately notify Executive of this fact. All agreements and obligations of the Company contained
herein shall continue during the period Executive is a director, officer, employee or agent of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise) and shall continue thereafter so long as Executive shall be subject to any possible claim or threatened, pending or completed action, suit or proceeding, whether civil, criminal or investigative, by reason of the
fact that Executive was an officer or director of the Company or serving in any other capacity referred to herein. 
 IN WITNESS
WHEREOF, the parties hereto have signed their names as of the day and year first above written to this Agreement. 
  

					
	EMPLOYER	 	
		
	 LOCAL.COM CORPORATION,

 a Delaware corporation
	 	
			
	By:	 	 /s/ Heath Clarke
	 	,
		 	 Heath Clarke
	 	
		 	Chief Executive Officer	 	
		
	EXECUTIVE	 	
		
	 /s/ Erick Herring
	 	
	      Erick Herring	 	

  
 14 

 STATEMENT OF ATTORNEYS FOR EXECUTIVE 

The undersigned are the attorneys for Erick Herring, the Executive herein. We have been consulted in connection with negotiation, preparation and
execution of this Agreement. We have explained the terms and provisions of the Agreement to our client and have advised him in connection with his legal rights related to this Agreement. 

 

							
	Dated:	 	  
	 		 	  

				
		 		 		 	  

		 		 		 	Attorney for Executive

  
 15 

 Exhibit A 

Invention, Non-Disclosure and Non-Competition Agreement 

Please list terms of any agreements with any previous employer or other party which restrains you from using or disclosing any trade
secret or confidential or proprietary information acquired by you in the course of your employment with any previous employer or restrains you from competing directly or indirectly with the business of such previous employer or any other party.

  
 16Executive Rentention Bonus Agreement

 Exhibit 10.1 
 [BI-LO HOLDING, LLC LETTERHEAD] 
 January 11, 2012 

Peter L. Lynch 
 President & CEO

 Winn-Dixie Stores, Inc. 
 5050
Edgewood Court 
 Jacksonville, FL 32254-3699 
  

	Re:	Winn-Dixie Stores, Inc. Executive Retention Bonus Agreement 

 Dear Peter: 
 As you know, pursuant to the Agreement and Plan of Merger (“Merger
Agreement”) among Opal Holdings, LLC, Opal Merger Sub, Inc., and Opal, Inc. (also known as Winn-Dixie Stores, Inc.) (the “Company”), dated as of December 16, 2011, Opal Merger Sub will be merged with and into
the Company (the “Merger”), and the Company will become an indirect wholly-owned subsidiary of BI-LO Holding, LLC (“Parent”). To encourage you to remain with the Company and to use your best efforts to promote the success
and profitability of the Company and its integration with Parent from the signing of the Merger Agreement through the end of the first full Grocery Period (as defined below) occurring after the Closing of the Merger (“Transition Period”),
the Parent, on behalf of the Company, is pleased to offer you with the opportunity to earn a (i) Performance Bonus and (ii) Discretionary Bonus from the Company, as follows: 

(i) You are employed by the Company pursuant to the terms of an Employment Agreement dated October 23, 2006 and amended by a First
Amendment to Employment Agreement dated November 20, 2007 (collectively, the “Employment Agreement”). The Employment Agreement shall remain in full force and effect unless and until amended or terminated in accordance with its terms.
Without waiving any of your rights under the Employment Agreement, you understand that on and after the closing of the Merger, you will no longer be the Chief Executive Officer or Chairman of the Board of the Company, but rather will be an adviser
to the Company. You also acknowledge and agree that you will solely be an employee of the Company and not the Parent hereunder. As a result of the foregoing, Parent will not contest that your anticipated removal as the Company’s Chairman and
Chief Executive Officer would give rise to your right to resign for Good Reason pursuant to Section 4(e) of the Employment Agreement. 

 Peter L. Lynch 
 January 11, 2012 
  Page
 2
 
  

 (ii) Contingent upon the closing of the Merger, if you remain employed with the Company
through the Transition Period, then for each Grocery Period ending within the Transition Period in which the Company meets its fiscal 2012 Budgeted EBITDA and Cash Balance Targets (each, a “Target”), as set forth in the latest revisions to
the Company’s FY12 Annual Operating Plan and FY12 Cash Flow Forecast, and as determined by the Parent in good faith, in addition to all other compensation to which you may be entitled, you will be entitled to a Performance Bonus from the
Company equal to the quotient of $750,000 divided by the number of Grocery Periods ending within the Transition Period. In the alternative, you may also earn the full $750,000 Performance Bonus if the Company meets its aggregate fiscal 2012 Budgeted
EBITDA and Cash Balance Targets for the entire Transition Period, whether or not such performance goals were met in each and every Grocery Period ending within the Transition Period. In no event may the total Performance Bonus exceed $750,000. For
purposes hereof, “Grocery Period” means the 28 consecutive day period typically construed as a so-called “grocery period” within the grocery industry, as reasonably determined by the Parent in good faith. Any portion of the
Performance Bonus that is earned based on the Company’s unaudited financials as of the end of the Transition Period shall be paid to you by the Company within ten business days of the end of the Transition Period (the “Payment Date”),
subject to normal withholding. If for any Grocery Period the Company cannot determine if the applicable Target has been achieved prior to the Payment Date, any additional earned but unpaid portion of the Performance Bonus shall be paid to you as
soon as practicable following the Payment Date but in no event shall payment be made later than thirty days following the Payment Date. If your employment with the Company is terminated not for Cause under Section 4(d) of the Employment
Agreement after the Closing but prior to the end of the Transition Period, you will nonetheless remain entitled to the Performance Bonus, payable as set forth above. For avoidance of doubt, if your employment is terminated for any other reason prior
to the end of the Transition Period, no Performance Bonus is payable hereunder. 
 (iii) Contingent upon the closing of the
Merger, if you remain employed with the Company through the end of the Transition Period; help drive the integration program (including assisting with the transition of the new management team and integration of the Company with the Parent);
positively embrace and help others to positively embrace the proposed changes; and publicly support the new management’s decisions, all as determined in good faith by the Parent, then, at the sole discretion of the Board of Directors of Parent,
in addition to all other compensation to which you may otherwise be entitled, you will also be entitled to a purely Discretionary Bonus of up to a maximum of $750,000, as determined in the sole discretion of the Board of Directors of Parent. This
amount will be paid to you by the Company within ten business days of the final day of your employment, subject to normal withholding. 

 Peter L. Lynch 
 January 11, 2012 
  Page
 3
 
  

 (iv) Your employment remains subject to the terms of the Employment Agreement. This
Executive Retention Bonus Agreement (this “Agreement”) does not give you any right with respect to continued employment by the Company, Parent, their affiliates, or any successor or assign thereof, or the right to any specific amount of
compensation, or to any particular Company or Parent assets beyond those set forth in the Employment Agreement. Any Performance Bonus or Discretionary Bonus earned hereunder shall not be considered compensation under any other Company or Parent
employee benefit plan and shall not increase any amount due under any other such plan. For avoidance of doubt, any amounts earned hereunder shall not be considered in determining any severance benefit owed under your Employment Agreement or any
benefits owed under any annual incentive plan, death benefit plan, or retirement plan. Amounts due hereunder are unfunded, unsecured general liabilities of the Parent. Your rights to benefits hereunder may not be alienated, transferred or assigned.

 (v) The Parent shall have the right to interpret and construe all issues, eligibility, and benefits hereunder and to
adjudicate all claims and appeals. The validity, interpretation, construction and performance of this Agreement shall in all respects be governed by the laws of the State of Florida. Any dispute relating hereto shall be settled exclusively by
binding arbitration before a single arbitrator in Jacksonville, FL, pursuant to the Commercial Arbitration Rules of the American Arbitration Society. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. Each party
shall bear its own costs of arbitration and own attorney’s fees. 
 (vi) First the Discretionary Bonus and then the
Performance Bonus payable under this Agreement will be reduced to the extent necessary to avoid the payment to you of an “excess parachute payment” subject to the loss of deduction and excise tax under Internal Revenue Code
Sections 280G and 4999. 
 (vii) Benefits hereunder are expressly contingent upon you continuing to comply with the
non-solicitation, non-disparagement, non-disclosure, and non-competition covenants set forth in Section 11 of your Employment Agreement, and such restrictive covenants are hereby incorporated by reference as if set out in full herein.

 Peter L. Lynch 
 January 11, 2012 
  Page
 4
 
  

 
			
	BI-LO Holding, LLC
		
	By:	 	 /s/ Marc L. Lipsky

	
	Name: Marc L. Lipsky
	
	Title: Vice President

  

	
	Accepted:
	
	January 12, 2012
	
	 /s/ Peter L. Lynch

	Peter L. Lynch

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