Exhibit 10.16

SETTLEMENT AGREEMENT

This Settlement Agreement and Mutual Release (the "Agreement") is entered into as of April 14, 2026 (the "Effective Date"), by and among:

Chris Barnard and Sine McEvenue, solely in their capacity as the Shareholder Representatives for the former shareholders of Telmetrics Inc. (collectively, the "Shareholder Representatives" or "Plaintiffs"), Chris Barnard (in his personal capacity), Sine McEvenue (in his personal capacity), Andrew Osmak, and Richard Zurawski, on the one hand, and Marchex, Inc., a Delaware corporation ("Marchex" or "Defendant") and Telmetrics Corp., on the other hand. Plaintiffs and Defendant may be referred to individually as a "Party" and collectively as the "Parties."

RECITALS

WHEREAS, on November 5, 2018, Marchex acquired Telmetrics Inc. pursuant to a Share Purchase Agreement (the "SPA");

WHEREAS, Plaintiffs, in their capacity as Shareholder Representatives of the former shareholders of Telmetrics, commenced an action on October 21, 2022, against Marchex captioned Chris Barnard and Sine McEvenue v. Marchex, Inc., C.A. No. 1:22-cv-01382-RGA, in the United States District Court for the District of Delaware (the "Delaware Action"), asserting claims relating to alleged breaches of the SPA and Escrow Agreement;

WHEREAS, Marchex previously commenced a separate action in Canada on December 22, 2021, captioned Te/metrics Corp. and Marchex, Inc. v. Andrew Osmak, Christopher Barnard, Sine McEvenue and Richard Zurawski, No. CV-21-00674206-000, in the Superior Court of Justice, Ontario, Canada (the "Canadian Action");

WHEREAS, the Parties now desire to fully and finally resolve all claims and disputes between them, including those asserted in the Delaware Action and the Canadian Action.

NOW, THEREFORE, in consideration of the mutual covenants set forth herein, the Parties agree as follows.

NOW, THEREFORE, FOR GOOD AND VALUABLE CONSIDERATION, the

receipt and sufficiency of which are hereby acknowledged, the parties, by their execution hereof, intend to be legally bound and agree as follows:

In full and final settlement of all claims between the Parties, Marchex agrees to pay Plaintiffs a total settlement amount of Two Million Dollars U.S. dollars ($2,000,000.00) (the

"Settlement Amount"). The Settlement Amount shall be paid as follows:

Marchex shall pay USD $1,000,000.00 on or before May 14, 2026, USD $250,000 of which shall be paid from the Escrow Deposit (as defined in the Escrow Agreement) ("Initial Payment"). To the extent that there is any interest in the escrow account, the interest shall be paid to the Shareholder Representatives, and the remaining cash paid by Marchex for the initial payment shall be reciprocally reduced. To be clear, the Initial Payment totals USD $1,000,000. Simultaneous to the execution of the Agreement, the Shareholder Representatives (as defined in the Escrow Agreement) and Marchex shall execute the Joint Instructions substantially in the form attached as Exhibit A. No later than three business days after the Effective Date and the execution of the Joint Instructions, Marchex shall deliver the Joint Instructions to the Escrow Agent (as defined in the Escrow Agreement) via e-mail and overnight delivery service with copy to Plaintiffs' counsel.

Payments shall be made by wire transfer. Wire instructions to be communicated by Plaintiffs' counsel to Marchex's Delaware counsel via email.

Marchex shall pay USD $500,000 on or before November 16, 2026.

Marchex shall pay USD $500,000 on or before May 17, 2027.

Within 7 days after receipt of the Initial Payment:

Each Party shall bear its own attorneys' fees and costs except as otherwise provided herein.

hand, and Defendant Marchex, Inc. and Telmetrics Corp., on the other hand, hereby mutually release and forever discharge one another from any and all past or current complaints, causes of action, suits, liabilities, debts, damages, controversies, and claims of any nature whatsoever, including but not limited to counterclaims, cross-claims, third-party claims, rights, defenses, and setoffs, whether known or unknown and whether arising in law or equity, which they may have against one another, including but not limited to any claims arising out of or relating to the Share Purchase Agreement, the Escrow Agreement, the transactions described therein, the Delaware Action,, and the Canadian Action or any matters that could have been raised in the Delaware Action or the Canadian Action.

The releases provided for above shall not become effective until Plaintiffs receive the Initial Payment. Until such time, all parties' claims, defenses, or otherwise in the Delaware Action and in the Canadian Action shall remain preserved.

Notwithstanding the foregoing, the releases above shall not extend to the action styled as Andrew Osmak v. Te/metrics Corp. and Marchex, Inc., CV-20-00640994-0000 in the Ontario Superior Court of Justice ("Osmak Canadian Litigation"). All parties' claims, defenses, or otherwise in the Osmak Canadian Litigation shall remain preserved.

This Agreement shall be binding upon and inure to the benefit of the Parties and their respective past, present, and future parents, subsidiaries, affiliates, officers, directors, employees, agents, representatives, insurers, successors, assigns, heirs, executors, administrators, and any other persons or entities acting on their behalf or claiming through them. The releases and obligations set forth in this Agreement shall apply equally to and be enforceable by such persons and entities to the fullest extent permitted by law.

To Plaintiffs:

Christopher Barnard 57 Roxborough St W Toronto, ON M5R 1T9

With a copy to:

Garibian Law Offices, P.C. Brandywine Plaza East

1523 Concord Pike, Suite 400

Wilmington DE, 19803

Attention: Antranig Garibian, Esq. To Defendant:

Marchex, Inc.

520 Pike Street, Suite 200

Seattle, WA 98101

Attention: Francis J. Feeney, Chief Operating Officer and CLO With a copy to:

McCollom D'Emilio Smith Uebler LLC 2751 Centerville Road, Suite 401

Wilmington, DE 19808 Attention: Adam Waskie, Esq.

It is each party's own responsibility to keep all informed/updated in writing of any changes in the notice information above.

.

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

MARCHEX, INC.

By: /s/ FRANCIS J. FEENEY Name: Francis J. Feeney

Title: COO/CLO Date: 4/14/2026

TELMETRICS CORP.

By: /s/ FRANCIS J. FEENEY Name: Francis J. Feeney

Title: Secretary Date: 4/14/2026

By: /s/ CHRISTOPHER BARNARD

Print Name: Christopher Barnard, in his personal capacity and capacity as Shareholder Representative

Date: 4/14/2026

By: /s/ SINE MCEVENUE

Print Name: Sine McEvenue, in his personal capacity and capacity as Shareholder Representative

Date: 4/14/2026

By: /s/ ANDREW OSMAK

Print Name: Andrew Osmak

Date: 4/14/2026

By: /s/ RICHARD ZURAWSKI

Print Name: Richard Zurawski

Date: 4/14/2026

Exhibit "A"

JOINT INSTRUCTION

VIA OVERNIGHT COURIER

U.S. Bank National Association 1420 5th Avenue

Seattle, WA 98101 Attention: Scott Kjar Phone: (206) 344-4686

April _, 2026

Re: Marchex Inc. and Telmetrics Inc. Share Purchase Agreement dated as of November 5, 2018-Escrow Agreement dated November 5, 2018

Dear Scott:

We refer to an escrow agreement dated November 5, 2018 (the "Escrow Agreement"), by and among Marchex, Inc. ("Marchex"), Marchex CA Corporation ("Marchex CA," together with Marchex, "Buyer"), Andrew Osmak, Chris Barnard, Sine McEvenue (Osmak, Barnard, and McEvenue collectively, "Shareholder Representatives") (Shareholder Representatives together with Marchex, the "Parties") and U.S Bank National Association ("Escrow Agent"). Capitalized terms in this letter that are not otherwise defined shall have their meanings sets forth in the Escrow Agreement.

Pursuant to Section 3.9 of the Escrow Agreement, the Parties jointly instruct Escrow Agent to release from the Escrow Deposit, $250,000 plus any interest accrued, to the Shareholder Representatives as instructed below.

Amount: $250,000 plus any interest accrued to Shareholder Representatives Beneficiary:

City:

Country:

US Instructions:

Bank Name:

Bank Address:

ABANumber:

Credit A/C Name:

Credit A/C #:

Credit A/C Address:

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE

CHRIS BARNARD and SINC

MCEVENUE, in their capacity as the Shareholder Representatives for the former shareholders of Telmetrics Inc.,

Plaintiffs,

V.

MARCHEX, INC.,

Defendant.C.A. No. 1:22-cv-01382-RGA

STIPULATION OF DISMISSAL

Pursuant to Federal Rule of Civil Procedure 41(a)(l)(A)(ii), the parties stipulate to dismiss any and all claims and defenses with prejudice. Each party will bear his or its own costs, expenses, and attorneys' fees.

GARIBIAN LAW OFFICES, P.C.

Isl Antranig Garibian Antranig Garibian (#4962) Brandywine Plaza East

1523 Concord Pike, Suite 400

Wilmington, DE 19803

(302) 722-6885

[email protected]

Attorney for Plaintiffs

MCCOLLOM D'EMILIO SMITH UEBLERLLC

Isl Adam J Waskie Thomas A. Uebler (#5074) Adam J. Waskie (#6217) Sarah P. Kaboly (#6673)

2751 Centerville Road, Suite 401

Wilmington, DE 19808

(302) 468-5960

[email protected] [email protected] [email protected]

Attorneys for Defendant

April _ , 2026

Court File No.:CV-21-00674206-0000

ONTARIO

SUPERIOR COURT OF JUSTICE

BETWEEN:

TELMETRICS CORP. and MARCHEX, INC.

Plaintiffs

- and -

ANDREW OSMAK, CHRISTOPHER BARNARD, SINC MCEVENUE and RICHARD ZURAWSKI

Defendants

CONSENT

THE PARTIES, by their respective lawyers, hereby consent to an Order dismissing the action without costs and certify that the Order being consented to does not affect the rights of any person under disability.

DATED AT TORONTO, ONTARIO this ..... day of , 2026

DLA PIPER (CANADA) LLP

Barristers & Solicitors Bay Adelaide West Tower Suite 5100 333 Bay Street Toronto ON M5H 2R2

Michael S. Richards (LSO# 44929D) Tel: 416-786-4995

Email: Michael.Richards@ca.dlapiper.com'

Stephen F. Gleave (LSO# 306681) Tel: 416-862-3394

Email: stephen.gleave@dlapiper.com

Lawyers for the Plaintiffs, Telmetrics Corp. and Marchex, Inc.

DATED AT TORONTO, ONTARIO this ..... day of , 2026

PRW Law Professional Corporation 65 Queen Street West, Suite 615 Toronto, ON M5H 2M5

Philip R. White (LSO#53893O) Tel: 647-794-8050

Email: pwhite@prwlaw.ca

Lawyers for the Defendant, Andrew Osmak

DATED AT TORONTO, ONTARIO this day of March, 2026

OSLER, HOSKIN & HARCOURT LLP

100 King Street West

1 First Canadian Place Suite 6200, P.O. Box 50 Toronto, ON M5X 1B8

Lauren Tomasich (LSO# 55400E) Tel: 416-862-6434

Email: ltomasich@osler.com

Simon Cameron (LSO# 74482U) Tel: 416-862-6430

Email: scameron@osler.com

Lawyers for the Defendants, Christopher Barnard, Sine McEvenue and Richard Zurawski

Court File No. CV-21+00674206-0000

ONTARIO

SUPERIOR COURT OF JUSTICE

REGISTRAR )

)

)

................, THE ......... DAY OF , 2026

BETWEEN:

TELMETRICS CORP. and MARCHEX, INC.

Plaintiffs

- and -

ANDREW OSMAK, CHRISTOPHER BARNARD, SINC MCEVENUE and RICHARD ZURAWSKI

Defendants

ORDER

THIS MOTION, made by the Defendant for dismissal without costs, was read this day at the court house, 330 University Avenue, Toronto ON MSG 1R8.

ON READING the Consent of the parties filed,

1. THIS COURT ORDERS that the action is hereby dismissed without costs.

Court File No.: CV-21-00674206-0000

TELMETRICS CORP. and MARCHEX, INC. -and- ANDREW OSMAK et al.

Plaintiffs Defendants

Court File No.: CV-21-00674206-0000

TELMETRICS CORP. and MARCHEX, INC. -and- ANDREW OSMAK et al.

Plaintiffs Defendants

Court File No. CV-21-00674206-0000

ONTARIO

SUPERIOR COURT OF JUSTICE

REGISTRAR )

)

)

................, THE ......... DAY OF , 2026

BETWEEN:

TELMETRICS CORP. and MARCHEX, INC.

Plaintiffs

- and -

ANDREW OSMAK, CHRISTOPHER BARNARD, SINC MCEVENUE and RICHARD ZURAWSKI

Defendants

ORDER

THIS MOTION, made by the Defendant for dismissal without costs, was read this day at the court house, 330 University Avenue, Toronto ON MSG 1R8.

ON READING the Consent of the parties filed,

1. THIS COURT ORDERS that the action is hereby dismissed without costs.

Court File No.: CV-21-00674206-0000

TELMETRICS CORP. and MARCHEX, INC. -and- ANDREW OSMAK et al.

Plaintiffs Defendants