On April 4, 2023, Marchex, Inc. announced that Troy Hartless joined Marchex as its Chief Revenue Officer effective April 3, 2023 (the Start Date). Mr. Hartless, age 52, previously served as Chief Executive Officer of TLJ Capital since 2009, Chief Operating Officer of Govplace from 2019 to 2020, and Chief Revenue Officer of 9Lenses from 2017 to 2019. Mr. Hartless's annual base salary will be $375,000 with an annual bonus opportunity based upon the attainment of mutually agreed to performance measures.

For 2023, if all targets are met at 100%, the bonus amount is $350,000 (the Target Amount"), with the maximum aggregate bonus amount being 195% of the Target Amount, prorated from the Start Date. The bonus payout percentages shall be 50% to 195% based on the performance target category and shall be based on achieving specified revenue (new revenue and total revenue) and adjusted OIBA targets to include the 2023 fiscal year with each target category weighted 33 1/3%. As an inducement to join Marchex, Hartless will receive an option to purchase 200,000 shares of Class B common stock (the "Performance Option", and collectively with the Option below, the "Option") effective on the Start Date and issued pursuant to Marchex's 2021 Stock Incentive Plan (the " Plan").