X0303 4 2011-02-28 0001078099 QUEPASA CORP QPSA 0001378541 Ancira Alonso C/O GAN, CAMPOS ELISEOS NO. 29 COLONIA RINCON DEL BOSQUE MEXICO D.F., MEXICO O5 11580 MEXICO 1 Stock Options (Right to Buy) 8.71 2011-02-28 4 A 0 18500 A 2021-02-28 Common Stock 18500 18500 D The securities were granted to the reporting person for service as a non-employee director of Quepasa Corporation. 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 on each applicable vesting date. Not applicable. /s/ Alonso Ancira 2011-03-02