Document:

2009 Employee Stock Purchase Plan

 Exhibit 4.1 
 LOOKSMART, LTD. 
 2009 EMPLOYEE
STOCK PURCHASE PLAN 
 ADOPTED BY
THE BOARD OF DIRECTORS: MAY 29, 2009 
 APPROVED BY THE STOCKHOLDERS: JULY 14, 2009 
 1. GENERAL. 
 (a) The purpose of the Plan is to provide a means by which Eligible
Employees of the Company and certain designated Related Corporations may be given an opportunity to purchase shares of Common Stock. The Plan is intended to permit the Company to grant a series of Purchase Rights to Eligible Employees under an
Employee Stock Purchase Plan. 
 (b) The Company, by means of the Plan, seeks to retain the services of such Employees,
to secure and retain the services of new Employees and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Related Corporations. 
 2. ADMINISTRATION. 
 (a) The Board shall administer
the Plan unless and until the Board delegates administration of the Plan to a Committee or Committees, as provided in Section 2(c). 
 (b) The Board shall have the power, subject to, and within the limitations of, the express provisions of the Plan: 
 (i) To determine how and when Purchase Rights to purchase shares of Common Stock shall be granted and the provisions of each Offering of such Purchase Rights (which need not be identical).

 (ii) To designate from time to time which Related Corporations of the Company shall be eligible to participate in the
Plan. 
 (iii) To construe and interpret the Plan and Purchase Rights, and to establish, amend and revoke rules and
regulations for its administration. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully effective.

 (iv) To settle all controversies regarding the Plan and Purchase Rights granted under it. 
 (v) To suspend or terminate the Plan at any time as provided in Section 12. 
 (vi) To amend the Plan at any time as provided in Section 12. 
  

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 (vii) Generally, to exercise such powers and to perform such acts as it deems
necessary or expedient to promote the best interests of the Company and its Related Corporations and to carry out the intent that the Plan be treated as an Employee Stock Purchase Plan. 
 (viii) To adopt such procedures and sub-plans as are necessary or appropriate to permit participation in the Plan by Employees who
are foreign nationals or employed outside the United States. 
 (c) The Board may delegate some or all of the
administration of the Plan to a Committee or Committees. If administration is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board that have been
delegated to the Committee, including the power to delegate to a subcommittee any of the administrative powers the Committee is authorized to exercise (and references in this Plan to the Board shall thereafter be to the Committee or subcommittee),
subject, however, to such resolutions, not inconsistent with the provisions of the Plan, as may be adopted from time to time by the Board. The Board may retain the authority to concurrently administer the Plan with the Committee and may, at any
time, revest in the Board some or all of the powers previously delegated. Whether or not the Board has delegated administration of the Plan to a Committee, the Board shall have the final power to determine all questions of policy and expediency that
may arise in the administration of the Plan. 
 (d) All determinations, interpretations and constructions made by the
Board in good faith shall not be subject to review by any person and shall be final, binding and conclusive on all persons. 
 3.
SHARES OF COMMON STOCK SUBJECT TO THE PLAN. 
 (a) Subject to the provisions of Section 11(a) relating to Capitalization Adjustments, the shares of Common Stock that may be sold pursuant to Purchase Rights shall not exceed in the aggregate
five hundred thousand (500,000) shares of Common Stock. 
 (b) If any Purchase Right granted under the Plan shall
for any reason terminate without having been exercised, the shares of Common Stock not purchased under such Purchase Right shall again become available for issuance under the Plan. 
 (c) The stock purchasable under the Plan shall be shares of authorized but unissued or reacquired Common Stock, including shares
repurchased by the Company on the open market. 
 4. GRANT OF PURCHASE RIGHTS;
OFFERING. 
 (a) The Board may from time to time grant or provide for the grant of Purchase Rights to
purchase shares of Common Stock under the Plan to Eligible Employees in an Offering (consisting of one or more Purchase Periods) on an Offering Date or Offering Dates selected by the Board. Each Offering shall be in such form and shall contain such
terms and conditions as the Board shall deem appropriate, which shall comply with the requirement of Section 423(b)(5) of the Code that all Employees granted Purchase Rights in that Offering shall have the same rights and privileges. The terms
and conditions of an Offering shall be incorporated by reference into the Plan and treated as part of the Plan. The provisions of separate Offerings need not be

  

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identical, but each Offering shall include (through incorporation of the provisions of this Plan by reference in the document comprising the Offering or otherwise) the period during which the
Offering shall be effective, which period shall not exceed twenty-seven (27) months beginning with the Offering Date, and the substance of the provisions contained in Sections 5 through 8, inclusive. 
 (b) If a Participant has more than one Purchase Right outstanding under the Plan, unless he or she otherwise indicates in agreements
or notices delivered hereunder: (i) each agreement or notice delivered by that Participant shall be deemed to apply to all of his or her Purchase Rights under the Plan, and (ii) a Purchase Right with a lower exercise price (or an
earlier-granted Purchase Right, if different Purchase Rights have identical exercise prices) shall be exercised to the fullest possible extent before a Purchase Right with a higher exercise price (or a later-granted Purchase Right if different
Purchase Rights have identical exercise prices) shall be exercised. 
 (c) The Board shall have the discretion to
structure an Offering so that if the Fair Market Value of the shares of Common Stock on the first day of a new Purchase Period within that Offering is less than or equal to the Fair Market Value of the shares of Common Stock on the Offering Date,
then (i) that Offering shall terminate immediately, and (ii) the Participants in such terminated Offering shall be automatically enrolled in a new Offering beginning on the first day of such new Purchase Period. 
 5. ELIGIBILITY. 
 (a) Purchase Rights may be granted only to Employees of the Company or, as the Board may designate as provided in Section 2(b), to Employees of a Related Corporation. Except as provided in Section 5(b), an Employee shall
not be eligible to be granted Purchase Rights under the Plan unless, on the Offering Date, such Employee has been in the employ of the Company or the Related Corporation, as the case may be, for such continuous period preceding such Offering Date as
the Board may require, but in no event shall the required period of continuous employment be greater than two (2) years. In addition, the Board may provide that no Employee shall be eligible to be granted Purchase Rights under the Plan unless,
on the Offering Date, such Employee’s customary employment with the Company or the Related Corporation is more than twenty (20) hours per week and more than five (5) months per calendar year or such other criteria as the Board may
determine consistent with Section 423 of the Code. 
 (b) The Board may provide that each person who, during the
course of an Offering, first becomes an Eligible Employee shall, on a date or dates specified in the Offering which coincides with the day on which such person becomes an Eligible Employee or which occurs thereafter, receive a Purchase Right under
that Offering, which Purchase Right shall thereafter be deemed to be a part of that Offering. Such Purchase Right shall have the same characteristics as any Purchase Rights originally granted under that Offering, as described herein, except that:

 (i) the date on which such Purchase Right is granted shall be the “Offering Date” of such Purchase Right for
all purposes, including determination of the exercise price of such Purchase Right; 
  

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 (ii) the period of the Offering with respect to such Purchase Right shall begin on
its Offering Date and end coincident with the end of such Offering; and 
 (iii) the Board may provide that if such
person first becomes an Eligible Employee within a specified period of time before the end of the Offering, he or she shall not receive any Purchase Right under that Offering. 
 (c) No Employee shall be eligible for the grant of any Purchase Rights under the Plan if, immediately after any such Purchase Rights
are granted, such Employee owns stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any Related Corporation. For purposes of this Section 5(c), the rules of
Section 424(d) of the Code shall apply in determining the stock ownership of any Employee, and stock which such Employee may purchase under all outstanding Purchase Rights and options shall be treated as stock owned by such Employee.

 (d) As specified by Section 423(b)(8) of the Code, an Eligible Employee may be granted Purchase Rights under the
Plan only if such Purchase Rights, together with any other rights granted under all Employee Stock Purchase Plans of the Company and any Related Corporations, do not permit such Eligible Employee’s rights to purchase stock of the Company or any
Related Corporation to accrue at a rate which exceeds twenty five thousand dollars ($25,000) of Fair Market Value of such stock (determined at the time such rights are granted, and which, with respect to the Plan, shall be determined as of their
respective Offering Dates) for each calendar year in which such rights are outstanding at any time. 
 (e) Officers of
the Company and any designated Related Corporation, if they are otherwise Eligible Employees, shall be eligible to participate in Offerings under the Plan. Notwithstanding the foregoing, the Board may provide in an Offering that Employees who are
highly compensated employees within the meaning of Section 423(b)(4)(D) of the Code shall not be eligible to participate. 
 6.
PURCHASE RIGHTS; PURCHASE PRICE. 
 (a) On each Offering
Date, each Eligible Employee who has timely submitted a valid enrollment form shall be granted a Purchase Right to purchase up to that number of shares of Common Stock purchasable either with a percentage of that Employee’s earnings (as defined
by the Board in each Offering) or with a maximum dollar amount, as designated by the Board, but in either case not exceeding fifteen percent (15%) of such Employee’s earnings during the period that begins on the date the Offering begins
(or such later date as the Board determines for a particular Offering) and ends on the date stated in the Offering, which date shall be no later than the end of the Offering. 
 (b) The Board shall establish one (1) or more Purchase Dates during an Offering as of which Purchase Rights granted pursuant to
that Offering shall be exercised and purchases of shares of Common Stock shall be carried out in accordance with such Offering. 
 (c) In connection with each Offering made under the Plan, the Board may specify a maximum number of shares of Common Stock that may be purchased by any Participant on any Purchase Date during such Offering. 
  

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 (d) In connection with each Offering made under the Plan, the Board may specify a
maximum aggregate number of shares of Common Stock that may be purchased by all Participants pursuant to such Offering. In addition, in connection with each Offering that contains more than one Purchase Date, the Board may specify a maximum
aggregate number of shares of Common Stock that may be purchased by all Participants on any Purchase Date under the Offering. If the aggregate purchase of shares of Common Stock issuable upon exercise of Purchase Rights granted under the Offering
would exceed either such maximum aggregate number, then, in the absence of any Board action otherwise, a pro rata (based on each Participant’s accumulated earnings contributions) allocation of the shares of Common Stock available shall be made
in as nearly a uniform manner as shall be practicable and equitable. 
 (e) The purchase price of shares of Common Stock
acquired pursuant to Purchase Rights shall be not less than the lesser of: 
 (i) an amount equal to eighty-five percent
(85%) of the Fair Market Value of the shares of Common Stock on the Offering Date; or 
 (ii) an amount equal to
eighty-five percent (85%) of the Fair Market Value of the shares of Common Stock on the applicable Purchase Date. 
 7.
PARTICIPATION; WITHDRAWAL; TERMINATION. 
 (a) An Eligible Employee may
elect to authorize payroll deductions pursuant to an Offering under the Plan by completing and delivering to the Company, within the time specified in the Offering, an enrollment form (in such form as the Company may provide). Each such enrollment
form shall authorize an amount of Contributions expressed as a percentage of the submitting Participant’s earnings (as defined in each Offering) during the Offering (not to exceed the maximum percentage specified by the Board). Each
Participant’s Contributions shall be credited to a bookkeeping account for such Participant under the Plan and shall be deposited with the general funds of the Company except where applicable law requires that Contributions be deposited with a
third party. To the extent provided in the Offering, a Participant may begin such Contributions with the first payroll occurring on or after the beginning of the Offering. To the extent provided in the Offering, a Participant may thereafter reduce
(including to zero) or increase his or her Contributions. To the extent specifically provided in the Offering, in addition to making Contributions by payroll deductions, a Participant may make Contributions through the payment by cash or check prior
to each Purchase Date of the Offering. 
 (b) During an Offering, a Participant may cease making Contributions and
withdraw from the Offering by delivering to the Company a notice of withdrawal in such form as the Company may provide. Such withdrawal may be elected at any time prior to the end of the Offering, except as provided otherwise in the Offering. Upon
such withdrawal from the Offering by a Participant, the Company shall distribute to such Participant all of his or her accumulated Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock for
the Participant) under the Offering, and such Participant’s Purchase Right in that Offering shall thereupon terminate. A Participant’s withdrawal from an Offering shall have no effect upon such Participant’s eligibility to participate
in any other Offerings under the Plan, but such Participant shall be required to deliver a new enrollment form in order to participate in subsequent Offerings. 
  

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 (c) Purchase Rights granted pursuant to any Offering under the Plan shall terminate
immediately upon a Participant ceasing to be an Employee for any reason or for no reason (subject to any post-employment participation period required by law) or other lack of eligibility. The Company shall distribute to such terminated or otherwise
ineligible Employee all of his or her accumulated Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock for the terminated or otherwise ineligible Employee) under the Offering. 

(d) Purchase Rights shall not be transferable by a Participant except by will, the laws of descent and distribution, or by a
beneficiary designation as provided in Section 10. During a Participant’s lifetime, Purchase Rights shall be exercisable only by such Participant. 
 (e) Unless otherwise specified in an Offering, the Company shall have no obligation to pay interest on Contributions. 
 8. EXERCISE OF PURCHASE RIGHTS. 
 (a) On each Purchase Date during an Offering, each Participant’s accumulated Contributions shall be applied to the purchase of shares of Common Stock up to the maximum number of shares of
Common Stock permitted pursuant to the terms of the Plan and the applicable Offering, at the purchase price specified in the Offering. No fractional shares shall be issued upon the exercise of Purchase Rights unless specifically provided for in the
Offering. 
 (b) If any amount of accumulated Contributions remains in a Participant’s account after the purchase of
shares of Common Stock and such remaining amount is less than the amount required to purchase one (1) share of Common Stock on the final Purchase Date of an Offering, then such remaining amount shall be held in such Participant’s account
for the purchase of shares of Common Stock under the next Offering under the Plan, unless such Participant withdraws from such next Offering, as provided in Section 7(b), or is not eligible to participate in such Offering, as provided in
Section 5, in which case such amount shall be distributed to such Participant after the final Purchase Date, without interest. If the amount of Contributions remaining in a Participant’s account after the purchase of shares of Common Stock
is at least equal to the amount required to purchase one (1) whole share of Common Stock on the final Purchase Date of the Offering, then such remaining amount shall be distributed in full to such Participant at the end of the Offering without
interest. 
 (c) No Purchase Rights may be exercised to any extent unless the shares of Common Stock to be issued upon
such exercise under the Plan are covered by an effective registration statement pursuant to the Securities Act and the Plan is in material compliance with all applicable federal, state, foreign and other securities and other laws applicable to the
Plan. If on a Purchase Date during any Offering hereunder the shares of Common Stock are not so registered or the Plan is not in such compliance, no Purchase Rights or any Offering shall be exercised on such Purchase Date, and the Purchase Date
shall be delayed until the shares of Common Stock are subject to such an effective registration statement and the Plan is in such

  

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compliance, except that the Purchase Date shall not be delayed more than twelve (12) months and the Purchase Date shall in no event be more than twenty-seven (27) months from the Offering Date.
If, on the Purchase Date under any Offering hereunder, as delayed to the maximum extent permissible, the shares of Common Stock are not registered and the Plan is not in such compliance, no Purchase Rights shall be exercised and all Contributions
accumulated during the Offering (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock) shall be distributed to the Participants without interest. 
 9. COVENANTS OF THE COMPANY. 
 The Company shall seek to obtain from each federal, state, foreign or other regulatory commission or agency having jurisdiction over the Plan
such authority as may be required to issue and sell shares of Common Stock upon exercise of the Purchase Rights. If, after commercially reasonable efforts, the Company is unable to obtain from any such regulatory commission or agency the authority
that counsel for the Company deems necessary for the lawful issuance and sale of Common Stock under the Plan, and at a commercially reasonable cost, the Company shall be relieved from any liability for failure to issue and sell Common Stock upon
exercise of such Purchase Rights unless and until such authority is obtained. 
 10. DESIGNATION OF
BENEFICIARY. 
 (a) A Participant may file a written designation of a beneficiary who is to receive any
shares of Common Stock and/or cash, if any, from the Participant’s account under the Plan in the event of such Participant’s death subsequent to the end of an Offering but prior to delivery to the Participant of such shares of Common Stock
or cash. In addition, a Participant may file a written designation of a beneficiary who is to receive any cash from the Participant’s account under the Plan in the event of such Participant’s death during an Offering. Any such designation
shall be on a form provided by or otherwise acceptable to the Company. 
 (b) The Participant may change such designation
of beneficiary at any time by written notice to the Company. In the event of the death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such Participant’s death, the Company
shall deliver such shares of Common Stock and/or cash to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its sole
discretion, may deliver such shares of Common Stock and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company
may designate. 
 11. ADJUSTMENTS UPON CHANGES IN COMMON
STOCK; CORPORATE TRANSACTIONS. 
 (a) In the event of a Capitalization
Adjustment, the Board shall appropriately and proportionately adjust: (i) the class(es) and maximum number of securities subject to the Plan pursuant to Section 3(a), (ii) the class(es) and number of securities subject to, and the
purchase price applicable to outstanding Offerings and Purchase Rights, and (iii) the class(es) and number of securities subject to the purchase limits under each ongoing Offering. The Board shall make such adjustments, and its determination
shall be final, binding and conclusive. 
  

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 (b) In the event of a Corporate Transaction, then: (i) any surviving corporation
or acquiring corporation (or the surviving or acquiring corporation’s parent company) may assume or continue Purchase Rights outstanding under the Plan or may substitute similar rights (including a right to acquire the same consideration paid
to the stockholders in the Corporate Transaction) for those outstanding under the Plan, or (ii) if any surviving or acquiring corporation (or its parent company) does not assume or continue such Purchase Rights or does not substitute similar
rights for Purchase Rights outstanding under the Plan, then the Participants’ accumulated Contributions shall be used to purchase shares of Common Stock within ten (10) business days prior to the Corporate Transaction under any ongoing
Offerings, and the Participants’ Purchase Rights under the ongoing Offerings shall terminate immediately after such purchase. 
 (c) In the event of the proposed dissolution or liquidation of the Company, the Offering then in progress shall be shortened by setting a new Purchase Date, and shall terminate immediately prior to the consummation of such proposed
dissolution or liquidation, unless provided otherwise by the Board. The new Purchase Date shall be before the date of the Company’s proposed dissolution or liquidation. The Board shall notify each Participant in writing, at least ten (10)
business days prior to the new Purchase Date, that the Purchase Date for the Participant’s Purchase Right has been changed to the new Purchase Date and that the Participant’s accumulated Contributions shall be used to purchase shares of
Common Stock on the new Purchase Date, unless prior to such date the Participant has withdrawn from the Offering as provided in Section 7(b) hereof. 
 12. AMENDMENT, TERMINATION OR SUSPENSION OF THE PLAN. 
 (a) The Board may amend the Plan at any time in any respect the Board deems necessary or advisable. However, except as provided in
Section 11(a) relating to Capitalization Adjustments, stockholder approval shall be required for any amendment of the Plan for which stockholder approval is required by applicable law or listing requirements, including any amendment that either
(i) materially increases the number of shares of Common Stock available for issuance under the Plan, (ii) materially expands the class of individuals eligible to become Participants and receive Purchase Rights under the Plan,
(iii) materially increases the benefits accruing to Participants under the Plan or materially reduces the price at which shares of Common Stock may be purchased under the Plan, (iv) materially extends the term of the Plan, or
(v) expands the types of awards available for issuance under the Plan, but in each of (i) through (v) above only to the extent stockholder approval is required by applicable law or listing requirements. 
 (b) The Board may suspend or terminate the Plan at any time. No Purchase Rights may be granted under the Plan while the Plan is
suspended or after it is terminated. 
 (c) Any benefits, privileges, entitlements and obligations under any outstanding
Purchase Rights granted before an amendment, suspension or termination of the Plan shall not be impaired by any such amendment, suspension or termination except (i) with the consent of the person to whom such Purchase Rights were granted,
(ii) as necessary to comply with any laws, listing requirements, or governmental regulations (including, without limitation, the provisions of Section 423 of the Code and the regulations and other interpretive guidance issued thereunder
relating to Employee Stock Purchase Plans) including without limitation any such regulations or other guidance that may be issued or amended after the Effective Date, or (iii) as necessary to obtain or maintain favorable tax, listing, or
regulatory treatment. 
  

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 13. EFFECTIVE DATE OF PLAN. 

The Plan shall become effective on the date the Plan is adopted by the Board (the “Effective Date”), but no
Purchase Rights shall be exercised unless and until the Plan has been approved by the stockholders of the Company, which approval shall be within twelve (12) months before or after the Effective Date. 
 14. MISCELLANEOUS PROVISIONS. 
 (a) Proceeds from the sale of shares of Common Stock pursuant to Purchase Rights shall constitute general funds of the Company. 
 (b) A Participant shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, shares of Common
Stock subject to Purchase Rights unless and until the Participant’s shares of Common Stock acquired upon exercise of Purchase Rights are recorded in the books of the Company (or its transfer agent). 
 (c) The Plan and Offering do not constitute an employment contract. Nothing in the Plan or in the Offering shall in any way alter the
at will nature of a Participant’s employment or be deemed to create in any way whatsoever any obligation on the part of any Participant to continue in the employ of the Company or a Related Corporation, or on the part of the Company or a
Related Corporation to continue the employment of a Participant. 
 (d) The provisions of the Plan shall be governed by
the laws of the State of Delaware without resort to that state’s conflicts of laws rules. 
 15. DEFINITIONS.

 As used in the Plan, the following definitions shall apply to the capitalized terms indicated below: 
 (a) “Board” means the Board of Directors of the Company. 
 (b) “Capitalization Adjustment” means any change that is made in, or other events that occur with respect to,
the Common Stock subject to the Plan or subject to any Purchase Right after the Effective Date without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend,
dividend in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other similar transaction). Notwithstanding the foregoing, the conversion of any convertible
securities of the Company shall not be treated as a Capitalization Adjustment. 
 (c) “Code”
means the Internal Revenue Code of 1986, as amended. 
  

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 (d) “Committee” means a committee of one (1) or more
members of the Board to whom authority has been delegated by the Board in accordance with Section 2(c). 
 (e)
“Common Stock” means the common stock of the Company. 
 (f)
“Company” means LookSmart, Ltd., a Delaware corporation. 
 (g)
“Contributions” means the payroll deductions and other additional payments specifically provided for in the Offering, that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make
additional payments into his or her account, if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions. 
 (h) “Corporate Transaction” means the occurrence, in a single transaction or in a series of related
transactions, of any one or more of the following events: 
 (i) the consummation of a sale or other disposition of all
or substantially all, as determined by the Board in its sole discretion, of the consolidated assets of the Company and its Subsidiaries; 
 (ii) the consummation of a sale or other disposition of at least ninety percent (90%) of the outstanding securities of the Company; 
 (iii) the consummation of a merger, consolidation or similar transaction following which the Company is not the surviving
corporation; or 
 (iv) the consummation of a merger, consolidation or similar transaction following which the Company is
the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property,
whether in the form of securities, cash or otherwise. 
 (i) “Director” means a member of the
Board. 
 (j) “Eligible Employee” means an Employee who meets the requirements set forth in the
Offering for eligibility to participate in the Offering, provided that such Employee also meets the requirements for eligibility to participate set forth in the Plan. 
 (k) “Employee” means any person, including Officers and Directors, who is employed for purposes of Section 423(b)(4) of the Code by the Company or a Related
Corporation. However, service solely as a Director, or payment of a fee for such services, shall not cause a Director to be considered an “Employee” for purposes of the Plan. 
 (l) “Employee Stock Purchase Plan” means a plan that grants Purchase Rights intended to be options issued
under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code. 
 (m)
“Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  

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 (n) “Fair Market Value” means, as of any date, the value of
the Common Stock determined as follows: 
 (i) If the Common Stock is listed on any established stock exchange or traded
on any established market, the Fair Market Value of a share of Common Stock shall be the closing sales price for such stock as quoted on such exchange or market (or the exchange or market with the greatest volume of trading in the Common Stock) on
the date of determination, as reported in such source as the Board deems reliable. Unless otherwise provided by the Board, if there is no closing sales price for the Common Stock on the date of determination, then the Fair Market Value shall be the
closing selling price (or closing bid if no sales were reported) on the last preceding date for which such quotation exists. 
 (ii) In the absence of such markets for the Common Stock, the Fair Market Value shall be determined by the Board in good faith. 
 (o) “Offering” means the grant of Purchase Rights to purchase shares of Common Stock under the Plan to Eligible Employees. 
 (p) “Offering Date” means a date selected by the Board for an Offering to commence. 
 (q) “Officer” means a person who is an officer of the Company within the meaning of Section 16 of the Exchange
Act and the rules and regulations promulgated thereunder. 
 (r) “Participant” means an Eligible
Employee who holds an outstanding Purchase Right granted pursuant to the Plan. 
 (s) “Plan”
means this LookSmart, Ltd. 2009 Employee Stock Purchase Plan. 
 (t) “Purchase Date”
means one or more dates during an Offering established by the Board on which Purchase Rights shall be exercised and as of which purchases of shares of Common Stock shall be carried out in accordance with such Offering. 
 (u) “Purchase Period” means a period of time specified within an Offering beginning on the Offering Date or
on the next day following a Purchase Date within an Offering and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods. 
 (v) “Purchase Right” means an option to purchase shares of Common Stock granted pursuant to the Plan. 
 (w) “Related Corporation” means any “parent corporation” or “subsidiary corporation” of
the Company whether now or subsequently established, as those terms are defined in Sections 424(e) and (f), respectively, of the Code. 
 (x) “Securities Act” means the Securities Act of 1933, as amended. 
  

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 (y) “Trading Day” means any day on which the exchange(s) or
market(s) on which shares of Common Stock are listed, including the Nasdaq Global Select Market, the Nasdaq Global Market, or the Nasdaq Capital Market, is open for trading. 
  

 12Independent Contractor Agreement

   Exhibit 10.2
 INDEPENDENT CONTRACTOR AGREEMENT
 This AGREEMENT (“Agreement”) dated effective June 15, 2009 is between GEOVIC Ltd. (“Company” or “Geovic”) and Mineral Services, LLC, (“Contractor”) 142 Stratford
Avenue, Garden City, New York 11530. The Company and the Contractor are in some places herein referred to individually as a Party and collectively as the Parties.
 
	WHEREAS:

	                 	A.     	 Geovic Mining Corp., corporate parent of Geovic is a publicly owned Delaware Corporation listed on the Toronto Stock Exchange (“TSE”), and;

		 
		B.     	 Contractor is privately owned by Michael Mason, a director of Geovic Mining Corp., provides mineral consulting services to clients, including the types of
services specified here ;
 
		 
		C.     	 Contractor has provided consulting services to Geovic under a Service Agreement effective June 6, 2004 (“2004 Contract”), which the parties intend to
terminate effective June 15, 2009 and replace with the Agreement, without further obligations or rights under the 2004 Contract for any of the parties, it being agreed that any and all rights to success fees described in the 2004 contract have been
terminated;
 
		 
		D.     	 All Services of Contractor under this Agreement shall be provided by Michael Mason
 
		 
		E.     	 Geovic desires to retain the services of the Contractor (“Services”), pursuant to the terms and conditions set forth in this Agreement; and Contractor
desires to provide these Services to Geovic, pursuant to the terms and conditions set forth in this Agreement; and
 
		 
		F.     	 Contractor represents that it is fully experienced, properly qualified, registered, licensed, equipped, organized and financed to perform the
Services.
 
		 

 WHEREFORE, IT IS HEREBY AGREED as follows:
 1.    Appointment
 1
 

 
	 	1.1      	 The Geovic shall engage the Contractor to provide Professional Services as described on Exhibit A attached and incorporated herein by this reference. All prior contracts, agreements or understandings between the parties
involving the subject matter of this Agreement are hereby terminated effective June 15, 2009, provided that contractor shall be paid its full quarterly Service fees for the quarter ending June 30, 2009.
 
	 
	 	1.2      	 The Contractor shall perform the Services with the skill, care and judgment customarily expected of a qualified professional in its field.

	 
	 	1.3      	 The Geovic shall pay the Contractor (“Contractor Fees”) against delivery of an invoice by the Contractor containing such details of Services
as the Geovic shall reasonably request, as follows:
 
	 
	 	 	1.3.1      	 Fixed Fee. Ten Thousand US dollars ($10,000) per calendar quarter, payable
calendar quarterly in arrears;
 
	 
	 	 	1.3.2      	 Additional Fees. In the event that Contractors services provided to Geovic at its
request during a quarter exceed seven (7) days, Contractor shall be entitled to receive $1,500 per each additional day or portion thereof.
 
	 
	 	 	1.3.3      	 Timeliness of Invoices. Invoices in reasonable detail shall be provided to Geovic
within 20 days of each calendar end shall be payable upon receipt.
 
	 
	 	1.4      	 The Contractor’s contact person with the Geovic shall be David Beling, Greg Hill, William A. Buckovic or such other person as may be designated by any of them (a “Contact Person”). Contractor shall keep the Contact Person
with whom he may be working on an assigned project well informed regarding the Services and shall promptly respond to any reasonable requests by the Contact Person on behalf of the Geovic.
 
	 
	 	1.5      	 The Contractor shall submit to the Geovic periodic progress reports (no less often than monthly) on the performance of the Services, providing all
information, including a detailed daily accounting of the hours spent on various tasks pertaining to the Services, as well as all other information reasonably requested by the Geovic.
 
	 
	2.      	 Term
 
	 
	 	2.1      	 This Agreement shall be in effect for a period of one year and shall be automatically renewed
annually for an additional year unless either party notifies the other that the Agreement shall be terminated at the end of its term, which notice must be given not less than 150 days before expiration.
 
	 

 2
 

 
	 	  
 
	3.      	 Consideration and expenses
 
	 
	 	3.1      	 The Geovic shall pay or reimburse to the Contractor:
 
	 
	 	 	3.1.1      	 All costs reasonably and properly expended by him on behalf of the Geovic, with the Geovic’s prior approval, for performance of Services, including travel
and entertainment expense, if proper documentation of such expenses is received by the Geovic at the earlier of 45 calendar days after incurred by Contractor, or when any regular invoice is submitted by Contractor;
 
	 
	 	 	3.1.2      	 Lodging and meal costs while Contractor is working at the offices of the Company, if previously approved by Geovic;
 
	 
	 	 	3.1.3      	 If approved by Geovic, expenses for Contractor’s personal vehicle use shall be at a rate equal to the rate for which the Company reimburses its employees
per mile. Non-material expenses incurred by Contractor in connection with performing Services, such as for telephone, fax, postage, computer and other general office expenses of Contractor will be assumed by Contractor.
 
	 
	 	 All such payments or reimbursements shall be made by Geovic when quarterly invoices are paid, subject such documentation and information as the Geovic
shall reasonably require.
 
	 
	4      	 Information
 
	 
	 	4.1      	 In this Agreement, all Geovic information and data, whether given orally or written, computer file or other permanent form, relating to the Company,
its parent corporation, Geovic Cameroon Plc., or other subsidiaries of the Geovic (together the “Group”) and their businesses and assets or any part thereof disclosed or provided to the Contractor and all documents, computer files or other
records prepared by the Contractor which contain or are based on any such information or data, and all work product generated by Contractor in providing Services under this Agreement (the
“Information”) is proprietary to Geovic.
 
	 

 3
 

 
	 	  
 
	4.2      	 The Contractor shall keep all Information strictly confidential and shall not disclose the Information, in whole or in part, to any person other than
directors or employees of the Group, without the prior written consent of the Geovic.
 
	 
	4.3      	 The Contractor shall not use the Information for any purpose whatsoever other than for the purpose of providing the Services herein, or in connection
with Michael Mason’s services as a Director of Geovic Mining Corp.
 
	 
	4.4      	 The provisions of Clauses 4.2 and 4.3 shall not apply to Information:
 
	 
	 	4.4.1      	 Which at the time of disclosure is available to the public generally;
 
	 
	 	4.4.2      	 Which after disclosure becomes available to the public generally, other than by reason of a breach by the Contractor of its obligations under this Agreement; or

 
	 
	 	4.4.3      	 Subject to any disclosure if such disclosure is the requirement of a court of competent jurisdiction.
 
	 
	4.5      	 If Contractor breaches or threatens to breach the terms of this section, Geovic may seek an injunction restraining Contractor from disclosing, in
whole or in part, any such information or from rendering any services to any person or entity in which such information would be used. This remedy shall not limit other remedies available to Geovic in law or equity. Geovic shall be entitled to
recover all its costs and expenses resulting from such breach.
 
	 
	4.6      	 The Contractor shall not be responsible for the security of Information provided to outside parties during approved performance of Services to the
Geovic, including but not limited to, draftsmen, graphic services companies, or others directed by the Geovic to receive such Information.
 
	 

 
	5.   Geovic property

 4
 

 
	 	5.1      	 The results of the Services shall be the exclusive property of the Company, or any subsidiary for which the services may be provided, as determined by Geovic,
including any intellectual property rights flowing therefrom and shall be deemed to be “Information” for purposes of Paragraph 4 above.
 
	 
	 	5.2      	 On the expiration or termination of the Term of this Agreement Contractor shall promptly deliver to Geovic all Information in permanent or electronic form and
all other property belonging to the Geovic, which may be in its possession or under its control and shall account to Geovic as to the status of all Services undertaken by Contractor and not completed before terminations.
 
	 
	6.      	 Taxes
 
	 
	 	6.1      	 The Contractor is an independent contractor and not an employee, partner, joint venture participant or agent of the Geovic. The Contractor undertakes to be
responsible for accounting to all tax authorities for all taxes and other liabilities (Taxes) for which the Contractor is liable, including, without limitation, taxes and reporting obligations with respect to activities of Michal Mason on behalf of
Contractor.
 
	 
	 	6.2      	 Contractor is obligated to pay federal and state income and other taxes, to the extent required by law, on any monies earned pursuant to this Agreement and
shall hold the Geovic harmless from any liability arising out of Contractor’s failure to fulfill these obligations.
 
	 
	7.      	 Notices
 
	 
	 	7.1      	 Any notice under this Agreement must be in writing and must be delivered to the addressee in person or left at the address of the addressee or sent by facsimile
to the facsimile number of the addressee which in each case is specified in this clause, and marked for the attention of the person so specified, or to such other address or facsimile number and/or marked for the attention of such other person as
the relevant Party may from time to time specify by notice given in accordance with this clause.
 
	 

 5
 
 
		 To Geovic:
 
		   
	 	 David Beling,
 743 Horizon Ct. Suite 300A 
 Grand Junction CO 81506 

970-256-9681
 
	 
	 	 To Contractor:
 
	 
	 	 Michael Mason, 
 142 Stratford Avenue 
 Garden City NY 11530 
 516-248-6468
 
	 
	 	7.2      	 A notice shall take effect from the time it is deemed to be received as follows:
 
	 
	 	 	7.2.1      	 In case of a notice delivered to the addressee in person, upon delivery;
 
	 
	 	 	7.2.2      	 In the case of a notice left at the address of the addressee, upon delivery at that address;
 
	 
	8.      	 Miscellaneous
 
	 
	 	8.1      	 Contractor shall procure and maintain worker’s compensation insurance and unemployment insurance.
 
	 
	 	8.2      	 Contractor shall indemnify and hold harmless Geovic from any negligence, knowingly wrongful acts, errors or omissions, or worker’s compensation
claims, damages, losses and expenses of the Contractor, its employees, agents, and subcontractors.
 
	 
	 	8.3      	 Save in respect of any matter for which Geovic has made written appointment of Contractor as its attorney-in-fact, the Contractor shall not, without
the prior written consent of the Geovic, hold himself out as in any way authorized to bind the Geovic.
 
	 
	 	8.4      	 The Contractor shall not conduct any unethical or illegal activities on behalf of the Geovic and agrees to comply with the Geovic's guidelines on
business practice and behavior, including compliance with the United States Foreign Corrupt Practices Act. If requested to do so, the Contractor shall review and sign the Geovic’s Code of Business Conduct and Ethics, and shall perform the
Services in compliance therewith.
 
	 

 6
 

 
	8.5      	 This Agreement shall not be assigned to a third party without prior written consent of the Parties.
 
	 
	8.6      	 Any claims, disputes or other matters arising out of, or relating to this Agreement or a breach shall be subject to arbitration in Denver, Colorado pursuant to
the Colorado Uniform Arbitration Act. Should the Parties fail to agree on an arbitrator, then each party shall select one arbitrator, and the two chosen arbitrators shall select a third
arbitrator to form a panel. Each Party shall bear its own respective costs of the arbitration and shall be responsible for one-half of the arbitrators’ fees.
 
	 
	8.7      	 This Agreement shall be governed by and interpreted in accordance with the laws of Colorado, United States.
 
	 
	8.8      	 This Agreement constitutes the entire agreement between Geovic and Contractor and supersedes all prior written or oral understandings. No modification may be
made unless in writing and signed by both Parties.
 
	 
	8.9      	 If any clause or provision of this Agreement shall be adjudged invalid or unenforceable the parties shall attempt to modify that portion in a manner to preserve
the original intent of the Parties.
 
	 
	8.10      	 Headings in the Agreement are for convenience and reference purposes only and shall affect in any way the meaning or interpretation of this
Agreement.
 
	 
	8.11      	 In the case of facsimile, on production of a transmission report from the machine from which the facsimile
was sent which indicates the facsimile number of the recipient.
 
	 

  
 7
 
  IN WITNESS WHEREOF, the Parties hereto have executed the Agreement the date first
above written.
  Geovic Ltd.,
  A corporation organized under the laws of the Cayman Islands
 
	 	/s/ John Sherborne                  
 By:  John Sherborne
 Authorized officer

 
	 	Mineral Services, LLC
 Contractor
 
 /s/ Michael
Mason                 
 By:  Michael Mason
 Authorized Member

 
	 	Tax I.D. 
#11-3389524                   

 
	 	/s/ Michael
Mason                    
 Michael Mason, Individually

 8
 

  Exhibit A
 Description
of Anticipated Scope of Services
 When requested, Contractor shall:

	A.      	 Pre-production Phase.
 
	 
	 	 	

	 Assist Geovic to identify, evaluate and recommend appropriate engineering and consulting firms for Geovic mineral development projects, as required or
requested by one or more Geovic Contact Persons;
 
	 
	 	 	

	 Provide, where requested and in areas where Contractor has expertise, advice or support for technical aspects of mineral projects, including metal
processing, transportation, insurance and risk management programs;
 
	 
	 	 	

	 Assist Geovic to identify and evaluate project staff and employees where requested by a Contact Person;
 
	 
	 	 	

	 Assist Geovic to prepare for marketing and acquisition of products and consumables to be produced by or consumed by Geovic development projects;
and
 
	 
	 	 	

	 Assist Geovic to identify and negotiate with potential future customers for products, and suppliers of consumable commodities necessary for operation of
Projects;
 
	 
	 	 	

	 Introduce to Geovic Contact Persons firms or persons who may assist Geovic to develop or operate mine projects; and
 
	 
	 	 	

	 Provide metal markets evaluation and advice;
 
	 
	B.      	 Construction and Operating Phase
 
	 
	 	 	

	 Provide ongoing support for technical aspects of mineral projects, including metal processing, transportation, insurance and risk management
programs;
 
	 
	 	 	

	 Support for hedge and derivative applications to metal production, and prices;
 
	 
	 	 	

	 Assist Geovic with all aspects of inventory and receivable funding;
 
	 
	 	 	

	 Assist Geovic in connection with development and operation of product sale and consumable purchasing activities, including contract negotiation and
management for projects;
 
	 
	 	 	

	 Training of Geovic staff to manage purchase and sale contracts, treasury and offshore banking facilities; and
 
	 
	 	 	

	 Provide assistance and support for plant commissioning, start-up and operating activities.
 
	 

 9

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