X0303 4 2011-02-28 0001078099 QUEPASA CORP QPSA 0001253719 CRUZ ERNESTO ELEVEN MADISON AVE THIRD AVE NEW YORK NY 10010 3639 1 Stock Options (Right to Buy) 8.71 2011-02-28 4 A 0 21000 A 2021-02-28 Common Stock 21000 21000 D The securities were granted to the reporting person for service as a non-employee director and as a chairman of a board committee. The securities will vest over one year in four equal increments on each calendar quarter with the first vesting date being March 31, 2011, subject to continued service as a director or committee chairman on each applicable vesting date. Not applicable. /s/ Ernesto Cruz 2011-03-02