There are two things you should consider:
->First, It's not a Lookout problem, so you must be getting a 404 error ("Not Found").
*If the file "client.htm" really is in "c:\Inetpub\wwwroot" you should access it in the address http://web_server_computer/client.htm instead of http://web_server_computer/LKWebClient/client.htm.
You should create a folder "c:\Inetpub\wwwroot\LKWebClient" and copy the file in it.
*You are missing a "/" at the end of "server url"=http://web_server_computer/LKWebClient
->Second, you can access the page, but the lookout objects have a red cross.
Probably, the problem has to be with "relative/absolute" path. If your web server isn't your lookout server, you should use absolute path when designing your process.