Document:

Consulting Agreement

 Exhibit 10.80 
 CONSULTING AGREEMENT 
 THIS CONSULTING AGREEMENT (the
“Agreement”) is made and entered into as of the 8th day of November, 2010, by and between LookSmart, Ltd. (the “Company”) and Dexline, it being acknowledged and agreed that Dr. Jean-Yves Dexmier
(“Consultant” or “Dr. Dexmier”) would be providing the services described herein on behalf of Dexline. 

WITNESSETH: 

WHEREAS, on December 14, 2009, the Board of Directors of the Company (the “Board”) appointed Dr. Dexmier to act as
interim Chief Executive Officer (“Interim CEO”) of the Company following the departure of the Company’s prior Chief Executive Officer. In making this appointment, the Board acknowledged Dr. Dexmier’s executive leadership
experience within the technology industry and further acknowledged that Dr. Dexmier shall continue to serve as Executive Chairman of the Board; and 
 WHEREAS, Company believes that it would be beneficial to continue to retain the services of Consultant; and 
 WHEREAS, the parties desire to reduce the terms of such consultant relationship to writing. 
 NOW, THEREFORE, in consideration of the foregoing and the terms, covenants, and conditions hereinafter set forth, the parties hereto, intending to be legally bound hereby, mutually agree as follows:

 1. Term and Termination 
 1.1 Term. This Agreement shall terminate upon the earlier of: (i) the Company’s hiring of a new Chief Executive Officer or (ii) the eighteen-month anniversary of the commencement of
Consultant’s consulting relationship with the Company as Interim CEO, unless earlier terminated as provided in this Agreement. This term may be extended by the mutual written consent of the parties. 

1.2 Termination by Consultant or Company. Either Consultant or the Company may terminate this Agreement with or without cause, at any
time upon fifteen (15) days prior written notice to the other party. Upon any such termination, Consultant shall be entitled to only such payment as set forth in Section 3, below. The Company also may terminate this Agreement immediately
in its sole discretion upon Consultant’s material breach of Section 11 (“Noninterference with Business”), or the Confidentiality Agreement attached hereto as Exhibit A. 

1.3 Survival. The rights and obligations contained in Sections 4 (“Ownership of Work Product”), 5 (“Artist’s and
Moral Rights”), 6 (“Representations and Warranties”), and 11 (“Noninterference with Business”), and in the Confidentiality Agreement will survive any termination or expiration of this Agreement. 

2. Scope of Consulting 
 The Company hereby confirms its engagement of Consultant, and Consultant hereby confirms his acceptance of such engagement, to act as the Company’s Interim CEO. As Interim CEO, Consultant shall
perform such services and duties (the “Services”) as required by the Board, to whom he shall report. In addition, Consultant will remain on the Board, until he resigns or fails to be re-elected by the Company’s stockholders. In the
performance of the Services under this Agreement, the Company will rely on the Consultant to provide his best efforts and as much time as necessary to provide leadership for the Company. The time devoted to

 
accomplish the duties hereunder shall be within the Consultant’s control although it is expected that Consultant will provide the Services on a full-time basis. 

3. Compensation 
 3.1 In consideration of the full and faithful performance of the Services herein covenanted, the Company agrees to pay Consultant the sum of $36,000 per month (the “Consulting Fees”).

 3.2 In addition to the cash compensation described above, on July 28, 2010 (the “Grant Date”), the Board
approved a grant of 300,000 stock options (the “Option”) to Consultant under the Company’s 2007 Equity Incentive Plan (the “Plan”). The Option is subject to the terms and conditions of the Plan and the Option agreement to be
entered into between the Company and Consultant. The Option has an exercise price equal to the fair market value of the Company’s Common Stock on the Grant Date, based upon the per share closing price on the NASDAQ Stock Market on such date.
The shares subject to the Option shall vest over four (4) years, with the first twenty-five percent (25%) of the Option shares vesting one year from July 28, 2010, and the remainder vesting on a monthly basis in equal increments
during the thirty-six (36) month period following the initial vesting date until all of the shares are fully vested or until the Consultant no longer serves as a consultant or service provider to the Company and Dr. Dexmier no longer
serves on the Company’s Board. In addition, in the event that the Company experiences a Change of Control (as defined below) and within 12 months thereafter Consultant’s service to the Company under this Agreement is terminated by
the Company without Cause (as defined below) or Consultant terminates this Agreement for Good Reason (as defined below), then all of Consultant’s then-unvested Option shares shall immediately vest and become exercisable. 

3.3 Definitions. For purposes of this Agreement, the following definitions shall apply: 

(a) “Cause” shall mean that the Consultant: (a) is convicted of, or pleads nolo contendere to, any felony or other
offense involving moral turpitude or any crime related to his service, or commits any unlawful act of personal dishonesty resulting in personal enrichment in respect of his relationship with the Company or any subsidiary or affiliate or otherwise
detrimental to the Company in any material respect; (b) fails to consistently perform the Services in good faith and to the best of his ability; provided, however, that the Company shall not be permitted to terminate this Agreement pursuant to
this clause unless it has first provided the Consultant with written notice and an opportunity to cure such failure; (c) willfully disregards or fails to follow instructions from the Board to do any legal act related to the Company’s
business and/or the Services; (d) willfully disregards or violates material provisions of the Company’s Code of Conduct or other corporate policies; (e) exhibits habitual drunkenness or engages in substance abuse which in any way
materially affects his or her ability to perform the Services; or (f) commits any material violation of any state or federal law relating to the workplace environment. 
 (b) “Change of Control” shall mean the sale of all or substantially all of the assets of the Company, or the acquisition of the Company by another entity by means of consolidation or merger
pursuant to which the then current stockholders of the Company shall hold less than fifty percent (50%) of the voting power of the surviving corporation; provided, however, that a reincorporation of the Company in another jurisdiction shall not
constitute a “Change of Control.” 
 (c) “Good Reason” shall mean that Consultant terminates this Agreement
as a result of (i) (A) the Company making a material adverse change in the terms of this Agreement, (B) a material reduction of the Consulting Fees specified in this Agreement, or (C) the Company (or any successor thereto) materially
breaching the terms of this Agreement, any of which events occurs without Consultant’s written consent; (ii) Consultant provides written notice to the Board within the sixty (60) days immediately following

 
such material change or reduction; (iii) such material change or reduction is not remedied by the Company within thirty (30) days following the Company’s receipt of such written
notice; and (iv) Consultant’s termination of this Agreement is effective not later than ninety (90) days after the expiration of such thirty (30) day cure period. 

3.3 In addition to the foregoing, the Company shall pay all of Consultant’s reasonable expenses associated with the performance of
the duties as Interim CEO. Invoices for the reimbursable expenses shall be sent to the Company’s Chief Financial Officer no later than the tenth day of the month following each month. The Company shall pay Consultant’s invoices within
fifteen (15) days of the receipt thereof. 
 4. Ownership of Work Product 

Consultant hereby assigns to the Company all right, title and interest in and to any work product created by Consultant, or to which
Consultant contributes, pursuant to this Agreement (the “Work Product”), including all copyrights, trademarks and other intellectual property rights contained therein. Consultant agrees to execute, at the Company’s request and
expense, all documents and other instruments necessary or desirable to confirm such assignment, including without limitation, the copyright assignment set forth as Exhibit B (“Assignment of Copyright”). In the event that Consultant does
not, for any reason, execute such documents within a reasonable time of the Company’s request, Consultant hereby irrevocably appoints the Company as Consultant’s attorney-in-fact for the purpose of executing such documents on
Consultant’s behalf, which appointment is coupled with an interest. 
 5. Artist’s and Moral Rights 

 If Consultant has any rights, including without limitation “artist’s rights” or “moral rights,” in
the Work Product which cannot be assigned, Consultant agrees to waive enforcement worldwide of such rights against the Company. In the event that Consultant has any such rights, that cannot be assigned or waived, Consultant hereby grants to the
Company an exclusive, worldwide, irrevocable, perpetual license to use, reproduce, distribute, create derivative works of, publicly perform and publicly display the Work Product in any medium or format, whether now known of later developed.

 6. Representations and Warranties  
 Consultant represents and warrants that: (a) Consultant has the right and unrestricted ability to assign the Work Product to the Company as set forth in Section 4, and (b) the Work Product
will not infringe upon any copyright, patent, trademark, right of publicity or privacy, or any other proprietary right of any person, whether contractual, statutory or common law. 

7. Place of Work 
 It is understood that the Services will be rendered from the Company’s offices, the Consultant’s residence and at third-party locations where appropriate. 

8. Independent Contractor Relationship 
 Consultant’s relationship with the Company is that of an independent contractor, and nothing in this Agreement is intended to, or should be construed to, create a partnership, agency, joint venture
or employment relationship. Contractor will take no position with respect to or on any tax return or application for benefits, or 

 
in any proceeding directly or indirectly involving Company, that is inconsistent with Contractor being an independent contractor (and not an employee) of Company. As Interim CEO, Consultant shall
have authority to make binding decisions and contractual commitments on behalf of the Company consistent with the authority granted by the Board. 
 Consultant is not and will not be considered an employee of the Company, and as a result will not be entitled to benefits based on work performed under this Agreement provided by the Company to its
employees including but not limited to life insurance, death benefits, accident or health insurance, qualified pension or retirement plans, or any other employee benefit. Consultant hereby waives any right to said Company employee benefits by
executing this Agreement. If, notwithstanding the foregoing, Contractor is reclassified as an employee of Company, or any affiliate of Company, by the U.S. Internal Revenue Service, the U.S. Department of Labor, or any other federal or state or
foreign agency as the result of any administrative or judicial proceeding, Contractor agrees that Contractor will not, as the result of such reclassification, be entitled to or eligible for, on either a prospective or a retrospective basis, any
employee benefits under any plans or programs established or maintained by the Company. 
 Consultant is solely responsible for,
and will file, on a timely basis, all tax returns and payments required to be filed with, or made to, any federal, state or local tax authority with respect to the performance of services and receipt of fees under this Agreement. Consultant is
solely responsible for, and must maintain adequate records of, expenses incurred in the course of performing services under this Agreement. Contractor will comply with all applicable federal, state, local, and foreign laws governing self-employed
individuals, including laws requiring the payment of taxes, such as income and employment taxes, and social security, disability, and other contributions. No part of Consultant’s compensation will be subject to withholding by the Company for
the payment of any social security, federal, state or any other employee payroll taxes. The Company will regularly report amounts paid to Consultant by filing Form 1099-MISC with the Internal Revenue Service as required by law. 

9. Confidentiality 
 Dr. Dexmier, recognizing that the work in which he will be engaged under this Agreement is of a proprietary nature, has entered into the Confidentiality Agreement attached hereto as Exhibit A. The
obligations under the Confidentiality Agreement shall survive the termination of this Agreement. 
 10. No Conflict of
Interest 
 During the term of this Agreement, Consultant will not accept work, enter into a contract, or accept an
obligation from any third party, inconsistent or incompatible with Consultant’s obligations, or the scope of services rendered for the Company, under this Agreement. Consultant warrants that there is no other contract or duty on its part
inconsistent with this Agreement. Consultant agrees to indemnify the Company from any and all loss or liability incurred by reason of the alleged breach by Consultant of any services agreement with any third party. 

11. Noninterference with Business  
 During this Agreement, and for a period of [one year] immediately following its termination, Consultant agrees not to interfere with the business of the Company in any manner. By way of example and not of
limitation, Consultant agrees not to solicit or induce any employee or independent contractor to terminate or breach an employment, contractual or other relationship with the Company. 

 12. Successors and Assigns  

Consultant may not subcontract or otherwise delegate its obligations under this Agreement without the Company’s prior written
consent. Subject to the foregoing, this Agreement will be for the benefit of the Company’s successors and assigns, and will be binding on Consultant’s assignees. 
 13. Waiver 
 The failure of either party to insist in any one or more
instances upon performance of any terms or conditions of this Agreement shall not be construed as a waiver of future performance of any such term, covenant, or condition, but the obligations of either party with respect thereto shall continue in
full force and effect. 
 14. Notice 
 All notices to be provided hereunder shall be in writing and delivered and mailed to the parties at the address that each party provides the other from time to time in writing. 

15. Miscellaneous 
 15.1 This Agreement is governed by the laws of the State of California without reference to any conflict of laws principles that would require the application of the laws of any other jurisdiction.
Contractor irrevocably consents to the personal jurisdiction of the state and federal courts located in San Francisco County, California for any suit or action arising from or related to this Agreement, and waives any right Contractor may have to
object to the venue of such courts. Contractor further agrees that these courts will have exclusive jurisdiction over any such suit or action initiated by Contractor against Company. 

15.2 This Agreement (including Exhibits A and B) forms the complete and exclusive statement of your agreement with the Company concerning
the subject matter hereof. The terms in this Agreement supersede any other representations or agreements made to Consultant by any party whether oral or written. The terms of this Agreement cannot be changed without written agreement signed by
Consultant and a duly authorized officer of the Company. 
 15.3 In case any provision contained in this Agreement shall, for
any reason, be held invalid or unenforceable in any respect, such provision will be construed and enforced so as to render it valid and enforceable consistent with the general intent of the parties insofar as possible under applicable law.

 15.4 Consultant’s obligations under this Agreement are of a unique character that gives them particular value; breach of
any of such obligations will result in irreparable and continuing damage to the Company for which there will be no adequate remedy at law; and, in the event of such breach, the Company will be entitled to injunctive relief and/or a decree for
specific performance, and such other and further relief as may be proper (including monetary damages if appropriate). 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. 

 

							
	Company:	 		  		 	Consultant:
			
	LookSmart, Ltd.	  		 	Dexline

							
				
	By:	 	 /s/ Stephen C. Markowski
	  		  	 /s/ Jean-Yves Dexmier

							
				
	Name:	 	 Stephen C. Markowski
	  		 	By Jean-Yves Dexmier
				
	Title:	 	 Chief Financial Officer
	  		 	

 EXHIBIT A 
 CONFIDENTIALITY AGREEMENT 

 EXHIBIT B 
 ASSIGNMENT OF COPYRIGHT 
 For good and valuable consideration which has been received, the
undersigned sells, assigns and transfers to the Company and its successors and assigns, the copyright in and to the following work, which was created by the following indicated author(s): 
 Title: 
 Author(s): 
 Copyright Office Identification No. (if any): 
 and all of the right, title and interest of the
undersigned, vested and contingent, therein and thereto. 
 Executed this
             day of                     ,
        . 
 Signature: 
 Printed Name: Jean-Yves Dexmier, DexlineStock Option Agreement

  
 Exhibit 10.81

  

			
	 STOCK OPTION AGREEMENT
	 	LOOKSMART, LTD.
		
	 Notice of Stock Option Grant
	 	2007 EQUITY INCENTIVE PLAN
		
		 	Option Number: NO1104
		
	 Jean-Yves Dexmier (“Consultant”)
	 	Plan: 2007

 Effective 8/6/2010, you have been
granted a Nonstatutory Stock Option to purchase 300,000 Shares of Common Stock of Looksmart, Ltd. (the “Company”) at $1.50 per Share (the “Option”). The vesting commencement date of the Option shall be July 28, 2010 (the
“Vesting Commencement Date”). 
 The total option price of the Shares granted is $450,000.00. 

The Shares in each period will become fully vested as follows and on the date shown below: 

 

							
	Shares	  	Vest Type	  	Full Vest	  	Expiration
				
	 75,000  
	  	On Initial Vest Date	  	7/28/2011	  	8/6/2017
				
	 225,000
	  	Monthly	  	7/28/2014	  	8/6/2017

 The shares subject to the
Option shall vest over four (4) years, with the first twenty-five percent (25%) of the Option shares vesting one year from July 28, 2010 (the “Initial Vest Date”), and the remainder vesting on a monthly basis in equal
increments during the thirty-six (36) month period following the Initial Vest Date until all of the Shares are fully vested or until the Consultant no longer serves as a consultant or service provider to the Company and Dr. Jean-Yves
Dexmier no longer serves on the Company’s Board of Directors. In addition, in the event that the Company experiences a Change of Control (as defined in the Consulting Agreement, between the Company, Dexline and Dr. Jean-Yves Dexmier (the
“Consulting Agreement”)) and within 12 months thereafter Consultant’s service to the Company under the Consulting Agreement is terminated by the Company without Cause (as defined in the Consulting Agreement) or Consultant
terminates the Consulting Agreement for Good Reason (as defined in the Consulting Agreement), then all of Consultant’s then-unvested Option shares shall immediately vest and become exercisable.  

[Signature Page Follows] 

  
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 By your signature and the signature of the Company’s representative below, you and the
Company agree that this Option is granted under and governed by the terms and conditions of the Looksmart, Ltd. 2007 Equity Incentive Plan and the Looksmart, Ltd. Stock Option Agreement, both of which are attached and made a part of this document.

 In addition, you agree and acknowledge that your rights to any Shares underlying the Option will be earned only as you
provide services to the Company over time, that the grant of the Option is not as consideration for service you rendered to the Company prior to the Vesting Commencement Date, and that nothing in the Notice of Stock Option Grant or the attached
documents confers upon you any right to continue your service or consulting relationship with the Company for any period of time, nor does it interfere in any way with your right or the Company’s right to terminate that relationship at any
time, for any reason, with or without cause. 
  
  

 

					
	CONSULTANT	 		 	LOOKSMART, LTD.
			
	 /s/ Jean-Yves Dexmier
	 		 	 /s/ Stephen C. Markowski

	Jean-Yves Dexmier	 		 	Name: Stephen C. Markowski
		 		 	Title: Chief Financial Officer

 IRS Circular 230
Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication (including any attachments) (i) was not intended or written to be used, and cannot be used, for the
purpose of avoiding any tax penalty and (ii) was not written to promote, market or recommend the transaction or matter 

  
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 LOOKSMART, LTD. 

2007 EQUITY INCENTIVE PLAN 
 CONSULTANT STOCK OPTION AGREEMENT 
 THIS STOCK OPTION AGREEMENT (the
“Agreement”) dated on the grant date (the “Grant Date”) as stated in the Notice of Stock Option Grant (the “Notice of Grant”) by and between Looksmart, Ltd., a Delaware corporation (the “Company”), and the
consultant as stated in the Notice of Grant (the “Consultant”) is entered into as follows: 
 WITNESSETH:

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

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

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

1. Plan Award.  

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

2. Exercise Price. 

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

Subject to Consultant not experiencing (i) a termination of service as a consultant or service provider to the Company and
(ii) a termination of Dr. Jean-Yves Dexmier’s services as a member of the Company’s Board of Directors (“Termination of Service Relationship”) during the stated vesting period, Consultant shall vest in and earn the
right to exercise this Option on the schedule as set forth in the Notice of Grant. 
 4. Expiration. 

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

  
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 5. Exercise Mechanics. 

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

6. Termination of Service Relationship. 
 All rights of Consultant in this Option, to the extent that it has not previously become vested and been exercised, shall terminate upon Consultant’s Termination of Service Relationship except as set
forth in this Section 6. The portion of the Option that relates to any Shares that were unvested and unexercisable as of the date of Consultant’s Termination of Service Relationship shall terminate and expire effective immediately upon
such date. With respect to the vested and exercisable portion of the Option, and subject to the final sentence of this Section 6: 
 (i) In the event of Termination of Service Relationship other than as a result of the Consultant’s death or disability, Consultant shall have three months to exercise the Option as to the Shares
subject to the Option that were vested and exercisable as of the date of Termination of Service Relationship; provided that if during any part of such three month period, the Option is not exercisable because the issuance of the Shares would violate
the registration requirements under the Securities Act, the Option shall not expire until the Option shall have been exercisable for an aggregate of three months after the date of Termination of Service Relationship; provided further that if during
any part of such three month period, the Shares issued upon exercise of the Option may not be sold because Consultant has material nonpublic information regarding the Company or is otherwise subject to a trading blackout period under the
Company’s Insider Trading Policy, the Option shall not expire until Consultant shall have had an aggregate of three months after the date of Termination of Service Relationship during which Consultant can sell the Shares without being subject
to such restrictions arising under insider trading laws or Company policy; provided further that if on the date of Termination of Service Relationship, the Consultant is not vested as to his or her entire Option, the Shares covered by the unvested
portion of the Option shall revert to the Plan; provided further that if after Termination of Service Relationship, the Consultant does not exercise his or her Option within the time specified by the Committee, the Option shall terminate and the
Shares covered by such Option shall revert to the Plan and provided further that notwithstanding the foregoing, in no event may this Option be exercised later than the expiration of the term of such Option as set forth in the Notice of Grant; and

 (ii) In the event of Termination of Service Relationship as a result of Consultant’s death or disability (including a
Total and Permanent Disability), Consultant shall have twelve (12) months following the date of 

  
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Termination of Service Relationship to exercise the Option as to the Shares subject to the Option that were vested and exercisable as of the date of Termination of Service Relationship. In the
event of Consultant’s death while Consultant has a service relationship with the Company, an additional amount of Options equal to one (1) year of vesting shall immediately vest and remain exercisable for twelve (12) months following
Consultant’s Termination of Service Relationship. 
 Notwithstanding the above, in no event may an Option be exercised, even as to vested
and otherwise exercisable Shares, after the Expiration Date set forth in Section 4 above. 
 7. Transferability. 

This Option generally is not transferable by Consultant otherwise than by will or the laws of descent and distribution, and is exercisable
only by Consultant during Consultant’s lifetime; provided however that if this Option is a Nonstatutory Stock Option, it may be transferred by instrument to an inter vivos or testamentary trust in which the Option is to be passed to
beneficiaries upon the death of the trustor (settlor) or by gift or pursuant to domestic relations orders to “Immediate Family Members” (as defined below) of the Consultant. “Immediate Family” means any child, stepchild,
grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law (including adoptive relationships), a trust in which these
persons have more than fifty percent of the beneficial interest, a foundation in which these persons (or the Consultant) control the management of assets, and any other entity in which these persons (or the Consultant) own more than fifty percent of
the voting interests. 
 8. Tax Matters. 
 (i) Consultant is responsible for, and by accepting this Option agrees to bear, all taxes of any nature, if any, including withholding taxes, interest or penalties arising out of the grant of this Option,
the vesting or exercise of this Option or the subsequent sale of the Shares acquired pursuant to the exercise of this Option, or any violation of Code Section 409A that impacts this Option, that are legally imposed upon Consultant in connection
with this Option, and the Company does not assume, and will not be liable to any party for, any cost or liability arising in connection with such tax liability legally imposed on Consultant. 

(ii) In the event that the Company, including any affiliate or subsidiary qualified to deduct tax at source, is required to withhold any
amount (including in connection with income tax, employment or payroll taxes, social security contributions or other similar amounts, with such obligation in aggregate referred to herein as the “Withholding Obligation”) as a result of any
event occurring in connection with this Option, the Consultant shall make a cash payment to the Company as necessary to cover all applicable Withholding Obligations at or prior to the time the event giving rise to the Withholding Obligation occurs;
provided that (a) the Company has the right to withhold a portion of the Shares otherwise to be delivered upon exercise of this Option having a Fair Market Value equal to the amount of the Withholding Obligation in accordance with such rules as
the Company may from time to time establish, (b) the Company has the right, and the Consultant in accepting this grant explicitly authorizes the Company, to deduct an amount equal to the Withholding Obligation from the Consultant’s
compensation or (c) the Company may establish alternative procedures to ensure satisfaction of all applicable Withholding Obligations arising in connection with this Option. The Consultant will receive a cash refund for any payment of cash or
fraction of a surrendered share not necessary to satisfy the Withholding Obligations. 
 (iii) The Company has not provided any
tax advice with respect to this Option or the disposition of Shares. Consultant acknowledges and agrees that the ultimate liability for any tax-related item legally due by Consultant is and remains Consultant’s responsibility and that the
Company (a) makes no representations or 

  
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undertakings regarding the treatment of any such tax items in connection with any aspect of this Option, including the grant, vesting or exercise of this Option or the subsequent sale of the
Shares acquired upon exercise of this Option; and (b) does not commit to structure the terms or any aspect of this Option to reduce or eliminate the Consultant’s liability for such tax items. The Company may refuse to honor the exercise of
this Option and refuse to deliver the Shares if Consultant fails to comply with Consultant’s obligations in connection with the satisfaction of the Withholding Obligations. 
 9. Data Transfer. 
 Consultant explicitly and unambiguously
consents to the collection, use and transfer, in electronic or other form, of Consultant’s personal data as described in this document by and among, as applicable, the Company and its Subsidiaries and Affiliates for the exclusive purpose of
implementing, administering and managing Consultant’s participation in the Plan. Consultant understands that the Company, its Affiliates and its Subsidiaries hold certain personal information about Consultant, including, but not limited to,
name, home address and telephone number, date of birth, social security number (or other identification number), salary, nationality, job title, any shares of stock or directorships held in the Company, details of all options or any other
entitlement to shares of stock awarded, cancelled, purchased, exercised, vested, unvested or outstanding in Consultant’s favor for the purpose of implementing, managing and administering the Plan (“Data”). Consultant understands that
the Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in Consultant’s country or elsewhere and that the recipient country may have
different data privacy laws and protections than Consultant’s country. Consultant may request a list with the names and addresses of any potential recipients of the Data by contacting the Company’s Stock Plan Administrator. Consultant
authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing Consultant’s participation in the Plan, including any requisite transfer
of such Data, as may be required to a broker or other third party with whom Consultant may elect to deposit any Shares acquired upon the exercise of this Option. Consultant understands that Data will be held only as long as is necessary to
implement, administer and manage participation in the Plan. Consultant may, at any time, view Data, request additional information about the storage and processing of the Data, require any necessary amendments to the Data or refuse or withdraw the
consents herein, in any case without cost, by contacting the Stock Plan Administrator in writing. Consultant understands that refusing or withdrawing consent may affect Consultant’s ability to participate in the Plan. For more information on
the consequences of refusing to consent or withdrawing consent, Consultant may contact the Company’s Stock Plan Administrators. 
 10.
Consultant Acknowledgments.  
 By accepting this grant of the Option, Consultant acknowledges and agrees that the
Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time unless otherwise provided in the Plan or this Agreement. Consultant acknowledges that all
decisions with respect to future grants, if any, will be at the sole discretion of the Company. Consultant’s participation in the Plan shall not create a right to further participation as a member of the Company’s Board of Directors and
shall not interfere with the ability of the stockholders to remove Consultant from the Company’s Board of Directors. Consultant agrees that the Option and resulting benefits are not compensation or salary for any purposes, including, but not
limited to calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments insofar as permitted by law. This grant of the Option will not be
interpreted to form a service contract or relationship with the Company or any Subsidiary or Affiliate of the Company. Consultant acknowledges that the future value of the Shares is unknown, may increase or decrease from the date of grant or vesting
of the Option and cannot be predicted with certainty. In consideration of this 

  
 6 

 
grant of the Option, no claim or entitlement to compensation or damages shall arise from termination of this grant of the Option or diminution in value of this grant of the Option resulting from
the termination of the Consultant’s Services pursuant to the Consulting Agreement or Consultant’s resignation or removal from the Board of Directors by the Company for any reason whatsoever and whether or not in breach of any Applicable
Laws. Upon termination of the Consulting Agreement, Consultant’s rights with respect to the Option shall be only as set forth in this Agreement and the term of the Consulting Agreement will not be extended by any notice period mandated under
local law. 
 11. Copies of Plan Materials. 
 The Consultant acknowledges that the Consultant has access to and is deemed to have received a copy of the Plan from the Company and agrees to receive stockholder information, including copies of any
annual report, proxy statement and periodic report, from the Company’s website at http://www.looksmart.com. The Consultant acknowledges that copies of the Plan and stockholder information are also available upon written or telephonic request to
the Company’s Stock Plan Administrator. 
 12. Notices.  

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

Attention: Stock Plan Administrator 
 Looksmart, Ltd. 
 55 Second Street 

San Francisco, California 94107 
 If to the Consultant, to: 
 Such address as Consultant provides to the Company
from time to time in writing. 
 All such notices, advances, and communications shall be deemed to have been delivered and
received (a) in the case of personal delivery, on the date of such delivery, (b) in the case of air courier, on the business day after the date when sent and (c) in the case of mailing, on the third business day following such
mailing. 
 13. Entire Agreement; Plan Controls.  
 The Plan is incorporated herein by reference. The Plan and this Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior
undertakings and agreements of the Company and Consultant with respect to the subject matter hereof, and may not be modified adversely to Consultant’s interest except by means of a writing signed by the Company and Consultant. This Agreement is
governed by the laws of the state of Delaware. In the event of any conflict between the terms and provisions of the Plan and this Agreement, the Plan terms and provisions shall govern. Capitalized terms used but not defined in this Agreement or the
Notice of Grant have the meanings assigned to them in the Plan. Certain other important terms governing this Agreement are contained in the Plan. 
 CONSULTANT SHOULD RETAIN THIS AGREEMENT FOR HIS OR HER RECORDS 

  
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