2000 Equity Incentive Plan and form of option agreement



 Exhibit 10.03 
 EXPONENTIAL INTERACTIVE, INC. 
 2000 EQUITY INCENTIVE PLAN 

(as Amended and Restated effective November 17, 2008) 
 1. Purposes of the Plan. The purposes of this 2000 Equity Incentive Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional
incentive to Employees, Directors and Consultants of the Company and its Subsidiaries and to promote the success of the Company’s business. Options granted under the Plan may be Incentive Stock Options or Non-Qualified Stock Options, as
determined by the Administrator at the time of grant of an option and subject to applicable provisions of Section 422 of the Code and the regulations promulgated thereunder. Restricted Stock Awards and Stock Bonuses may also be granted under
the Plan. 
 2. Definitions. As used herein, the following definitions shall apply: 

a. “Administrator” means the Board or any of the Committees appointed to administer the Plan. 

b. “Affiliate” shall have the meaning ascribed to such term in Rule 12b-2 promulgated under the Exchange Act. 

c. “Applicable Laws” means all applicable laws, rules or regulations, including, the applicable provisions of federal
securities laws, state corporate and securities laws, the Code, the rules of any applicable stock exchange or national market system, and the laws, rules and regulations of any jurisdiction where Awards are granted or Participants reside, as such
laws, rules and regulations shall be in effect from time to time. 
 d. “Award” means any award under the Plan,
including any Option, Restricted Stock or Stock Bonus. 
 e. “Board” means the Board of Directors of the
Company. 
 f. “Cause” for termination of a Participant’s Continuous Status as an Employee, Director or
Consultant will exist (unless another definition is provided in an applicable Option Agreement, Restricted Stock Purchase Agreement, employment agreement or other applicable written agreement) if the Participant is terminated for any of the
following reasons: (i) Participant’s willful failure to perform his or her duties and responsibilities to the Company or Participant’s violation of any written Company policy; (ii) Participant’s commission of any act of
fraud, embezzlement, dishonesty or any other willful misconduct that has caused or is reasonably expected to result in injury to the Company; (iii) Participant’s unauthorized use or disclosure of any proprietary information or trade
secrets of the Company or any other party to whom the Participant owes an obligation of nondisclosure as a result of his or her relationship with the Company; or (iv) Participant’s material breach of any of his or her obligations under any
written agreement or covenant with the Company. The determination as to whether a Participant has been terminated for Cause shall be made in good faith by the Company and shall be final and binding on the Participant. The foregoing definition does
not in any way limit the Company’s ability to terminate a Participant’s employment or consulting relationship at any time, and the term “Company” will be interpreted to include any Subsidiary, Parent, or any successor thereto, if
appropriate. 







 g. “Code” means the Internal Revenue Code of 1986, as amended. 

h. “Committee” means any committee appointed by the Board to administer the Plan. 

i. “Common Stock” means the common stock of the Company. 

j. “Company” means Exponential Interactive, Inc., a Delaware corporation. 

k. “Consultant” means any person or entity, including an advisor, who is engaged by the Company, or any Parent or
Subsidiary, to render consulting or advisory services (other than capital-raising services) and is compensated for such services. 
 l. “Continuing Directors” means members of the Board who either (i) have been Board members continuously for a period of at least thirty-six (36) months or (ii) have been
Board members for less than thirty-six (36) months and were elected or nominated for election as Board members by at least a majority of the Board members described in clause (i) who were still in office at the time such election or
nomination was approved by the Board. 
 m. “Continuous Status as an Employee, Director or Consultant” means
that the employment, director or consulting relationship with the Company, any Parent, or Subsidiary, is not interrupted or terminated. Continuous Status as an Employee, Director or Consultant shall not be considered interrupted in the case of
(i) any leave of absence approved in writing by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any successor. A leave of absence approved in writing by the Company
shall include sick leave, military leave, or any other personal leave approved by an authorized representative of the Company. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon
expiration of such leave is guaranteed by statute or contract. 
 n. “Corporate Transaction” means any of the
following stockholder-approved transactions to which the Company is a party: 
 i) a merger or consolidation in which the
Company is not the surviving entity, except for a transaction the principal purpose of which is to change the state in which the Company is incorporated; 
 ii) the sale, transfer or other disposition of all or substantially all of the assets of the Company (including the capital stock of the Company’s subsidiary corporations); or 

iii) any reverse merger in which the Company is the surviving entity but in which securities possessing more than fifty percent
(50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such merger. 

  
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 o. “Covered Employee” means an Employee who is a “covered
employee” under Section 162(m)(3) of the Code. 
 p. “Director” means a member of the Board.

 q. “Disability” means “disability” within the meaning of Section 22(e)(3) of the Code, or to
the extent required by Applicable Laws, the inability of the Participant, in the opinion of a qualified physician acceptable to the Company, to perform the major duties of the Participant’s position with the Company or any Parent or Subsidiary
because of the sickness of injury of the Participant. 
 r. “Employee” means any person, including an Officer or
Director, who is an employee of the Company or any Parent or Subsidiary of the Company for purposes of Section 422 of the Code. The payment of a director’s fee by the Company shall not be sufficient to constitute “employment” by
the Company. 
 s. “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

t. “Fair Market Value” means, as of any date, the fair market value of the Common Stock, as determined by the
Administrator in good faith on such basis as it deems appropriate and applied consistently with respect to the Participants. 

u. “Incentive Stock Option” means an Option intended to qualify as an incentive stock option within the meaning of
Section 422 of the Code. 
 v. “Involuntary Termination” means (unless another definition is provided in
the applicable Option Agreement, Restricted Stock Purchase Agreement, employment agreement or other applicable written agreement) the termination of a Participant’s Continuous Status as an Employee, Director or Consultant under the following
circumstances: (i) termination other than for death or Disability or other than for Cause by the Company or a Subsidiary, Parent, or successor thereto, as appropriate; or (ii) termination by the participant within 12 months following a
Corporate Transaction resulting in (A) a material reduction in the Participant’s job responsibilities, provided that neither a mere change in title alone nor reassignment to a position that is substantially similar to the position held
immediately prior to such change shall constitute a material reduction in job responsibilities; (B) relocation by the Company or a Subsidiary, Parent, or successor thereto, as appropriate, of the Participant’s work site to a facility or
location more than 50 miles from the Participant’s principal work site immediately prior to such change; or (C) a reduction in Participant’s then-current base salary by at least 20%, provided that an across-the-board reduction in the
salary level of all other employees or consultants in positions substantially similar to the Participant’s by the same percentage amount as part of a general salary level reduction shall not constitute such a salary reduction. 

w. “Non-Qualified Stock Option” means an Option not intended to qualify as an Incentive Stock Option. 

  
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 x. “Officer” means a person who is an officer of the Company within the
meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 
 y.
“Option” means a stock option granted pursuant to the Plan. 
 z. “Option Agreement” means the
written agreement evidencing the grant of an Option executed by the Company and the Optionee, including any amendments thereto and any documents attached to or incorporated into such Option Agreement, including, but not limited to, a notice of stock
option grant and a form of exercise notice. 
 aa. “Option Exchange Program” means a program approved by the
Administrator whereby outstanding Options (i) are exchanged, in full or in part, for Options with a lower exercise price, Restricted Stock or cash or (ii) are amended to decrease the exercise price as a result of a decline in the Fair
Market Value of the Common Stock. 
 bb. “Optioned Stock” means the Common Stock subject to an Option or that
were issued pursuant to the exercise of an Option. 
 cc. “Optionee” means an Employee, Director or Consultant
who receives an Option under the Plan. 
 dd. “Parent” means any corporation (other than the Company) in an
unbroken chain of corporations ending with the Company if, at the time of grant of the Award, each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the
other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 

ee. “Participant” means any holder of one or more Awards or Shares issued pursuant to an Award. 

ff. “Performance—Based Compensation” means compensation qualifying as “performance-based compensation”
under Section 162(m) of the Code. 
 gg. “Performance Stock Bonus Agreement” means the written agreement,
the form(s) of which shall be approved from time to time by the Administrator, reflecting the terms of a Stock Bonus Award granted under the Plan and includes any documents attached to such agreement. 

hh. “Plan” means this 2000 Equity Incentive Plan. 

ii. “Restricted Stock Award” means an award of Shares pursuant to Section 13. 

jj. “Restricted Stock Purchase Agreement” means a written document, the form(s) of which shall be approved from time to
time by the Administrator, reflecting the terms of a Restricted Stock Award granted under the Plan and includes any documents attached to such agreement. 

  
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 kk. “Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, as
amended from time to time, or any successor provision. 
 ll. “Securities Act” means the Securities Act of 1933,
as amended. 
 mm. “Share” means a share of the Common Stock. 

nn. “Stock Bonus” means an award of Shares, or cash in lieu of Shares, pursuant to Section 14. 

oo. “Stock Bonus Agreement” means a written document, the form(s) of which shall be approved from time to time by the
Administrator, reflecting the terms of a Stock Bonus Award granted under the Plan and includes any documents attached to such agreement. 
 pp. “Subsidiary” means any corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if, at the time of grant of the Award, each of the
corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of
a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 
 qq.
“Transfer” means any sale, assignment, encumbrance, hypothecation, pledge, conveyance in trust, gift, transfer by bequest, devise or descent, or other transfer or disposition of any kind, including, but not limited to, transfers to
receivers, levying creditors, trustees or receivers in bankruptcy proceedings or general assignees for the benefit of creditors, whether voluntary or by operation of law, directly or indirectly. 

3. Stock Subject to the Plan. 
 a. Subject to the provisions of Section 11, below, the maximum aggregate number of Shares which may be issued under the Plan is 20,000,000 Shares and the maximum number of Shares that may be issued
under the Plan pursuant to Incentive Stock Options is 20,000,000 Shares. The Shares may be authorized, but unissued, or reacquired Common Stock. (These share limits set forth in this Section 3(a) reflect the 10-for-1 forward stock split which
became effective on November 1, 2005). 
 b. If an Option expires or becomes unexercisable without having been exercised in
full, or is surrendered pursuant to an Option Exchange Program, such unissued or retained Shares shall become available for future grant under the Plan (unless the Plan has terminated). Shares that actually have been issued under the Plan shall not
be returned to the Plan and shall not become available for future distribution under the Plan, except that if unvested Shares are forfeited, or repurchased by the Company at their original purchase price, such Shares shall become available for
future grant under the Plan. 

  
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 4. Administration of the Plan. 

a. Plan Administrator. 
 i) Administration with Respect to Directors and Officers. With respect to grants of Awards to Directors or Employees who are also Officers or Directors of the Company, the Plan shall be
administered by (A) the Board or (B) a Committee designated by the Board, which Committee shall be constituted in such a manner as to satisfy the Applicable Laws and to permit such grants and related transactions under the Plan to be
exempt from Section 16(b) of the Exchange Act in accordance with Rule 16b-3. Once appointed, any such Committee shall continue to serve in its designated capacity until otherwise directed by the Board. 

ii) Administration With Respect to Consultants and Other Employees. With respect to grants of Awards to Employees or Consultants
who are neither Directors nor Officers of the Company, the Plan shall be administered by (A) the Board or (B) a Committee designated by the Board, which Committee shall be constituted in such a manner as to satisfy the Applicable Laws.
Once appointed, any such Committee shall continue to serve in its designated capacity until otherwise directed by the Board. The Board may authorize one or more Officers to grant such Awards within parameters specified by the Board. 

iii) Administration With Respect to Covered Employees. Notwithstanding the foregoing, grants of Awards to any Covered Employee
intended to qualify as Performance-Based Compensation shall be made only by a Committee (or subcommittee of a Committee) which is comprised solely of one or more Directors eligible to serve on a committee making Awards qualifying as
Performance-Based Compensation. In the case of such Options granted to Covered Employees, references to the “Administrator” or to a “Committee” shall be deemed to be references to such Committee or subcommittee. 

iv) Administration Errors. In the event an Award is granted in a manner inconsistent with the provisions of this subsection (a),
such Award shall be presumptively valid as of its grant date to the extent permitted by the Applicable Laws. 
 b. Powers of
the Administrator. Subject to Applicable Laws and the provisions of the Plan (including any other powers given to the Administrator hereunder), and except as otherwise provided by the Board, the Administrator shall have the authority, in its
discretion: 
 i) to determine the Fair Market Value of the Common Stock, in accordance with Section 2(t) above, provided
that such determination shall be applied consistently with respect to Participants under the Plan; 
 ii) to select the
Employees, Directors and Consultants to whom Awards may be granted from time to time hereunder; 
 iii) to determine whether and
to what extent Awards are granted hereunder; 

  
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 iv) to determine the number of Shares to be covered by each Award granted hereunder;

 v) to approve forms of Option Agreement and Restricted Stock Purchase Agreement for use under the Plan; 

vi) to determine the terms and conditions of any Award granted hereunder; 

vii) to establish additional terms, conditions, rules or procedures to accommodate the rules or laws of applicable foreign jurisdictions
and to afford Participants favorable treatment under such laws; provided, however, that no Award shall be granted under any such additional terms, conditions, rules or procedures with terms or conditions which are inconsistent with the provisions of
the Plan unless granted pursuant to an addendum to the Plan that is approved by the Board pursuant to Section 20 of the Plan; 
 viii) to amend the terms of any outstanding Award granted under the Plan, including a reduction in the exercise price of any Option to reflect a reduction in the Fair Market Value of the Common Stock
since the grant date of the Option, provided that any amendment that would adversely affect the Participant’s rights under an outstanding Award shall not be made without the Participant’s written consent; 

ix) to implement an Option Exchange Program and establish the terms and conditions of such Option Exchange Program, provided that any
amendment or adjustment to an Option that would adversely affect the Optionee’s rights under an outstanding Option shall not be made without the Optionee’s written consent; 

x) to construe and interpret the terms of the Plan and Awards granted pursuant to the Plan; and 

xi) to take such other action, not inconsistent with the terms of the Plan, as the Administrator deems appropriate. 

c. Effect of Administrator’s Decision. All decisions, determinations and interpretations of the Administrator shall be
conclusive and binding on all persons. 
 d. Indemnification. To the maximum extent permitted by Applicable Laws,
each Administrator (including individual officers of the Company or members of the Board, if applicable), shall be indemnified and held harmless by the Company against and from (i) any loss, cost, liability, or expense that may be imposed upon
or reasonably incurred by him or her in connection with or resulting from any claim, action, suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action taken or failure to act under the Plan
or pursuant to the terms and conditions of any Award except for actions taken in bad faith or failures to act in bad faith, and (ii) any and all amounts paid by him or her in settlement thereof, with the Company’s approval, or paid by him
or her in satisfaction of any judgment in any such claim, action, suit, or proceeding against him or her, provided that such person shall give the Company an opportunity, at its own expense, to handle and defend any such claim, action, suit or
proceeding before he or she undertakes to handle and defend it on his or her 

  
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own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Articles of
Incorporation, Certificate of Incorporation or Bylaws, by contract, as a matter of law, or otherwise, or under any other power that the Company may have to indemnify or hold harmless each such person. 

5. Eligibility. Non-Qualified Stock Options and Restricted Stock Awards may be granted to Employees, Directors and Consultants.
Stock Bonuses may be awarded to any person or entity for services rendered to the Company or any Parent, Subsidiary, or Affiliate. Incentive Stock Options may be granted only to Employees. An Employee, Director or Consultant who has been granted an
Award may, if otherwise eligible, be granted additional Awards. Awards may be granted to such Employees, Directors and Consultants who are residing in foreign jurisdictions as the Administrator may determine from time to time. 

6. No Employment Rights. Neither the Plan nor any Award shall confer upon any Employee or Consultant any right with respect
to continuation of an employment or consulting relationship with the Company (any Parent, Subsidiary or Affiliate), nor shall it interfere in any way with such Employee’s or Consultant’s right or the Company’s (Parent’s,
Subsidiary’s or Affiliate’s) right to terminate his or her employment or consulting relationship at any time, with or without cause. 
 7. Terms and Conditions of Options. 
 a. Designation of Options. Each
Option shall be designated as either an Incentive Stock Option or a Non-Qualified Stock Option in the applicable Option Agreement. However, notwithstanding such designation, to the extent that the aggregate Fair Market Value of Shares subject to
options designated as incentive stock options which become exercisable for the first time by an Optionee during any calendar year (under all plans of the Company or any Parent or Subsidiary) exceeds $100,000, such excess options, to the extent of
the Shares covered thereby in excess of the foregoing limitation, shall be treated as Non-Qualified Stock Options. For this purpose, incentive stock options shall be taken into account in the order in which they were granted, and the Fair Market
Value of the Shares shall be determined as of the date the option with respect to such Shares is granted. 
 b. Conditions of
Option. Subject to the terms of the Plan, the Administrator shall determine the provisions, terms, and conditions of each Option including, but not limited to, the Option vesting schedule, repurchase provisions, rights of first refusal,
forfeiture provisions, and satisfaction of any performance criteria. The performance criteria established by the Administrator may be based on any one of, or combination of, increase in share price, earnings per share, total stockholder return,
return on equity, return on assets, return on investment, net operating income, cash flow, revenue, economic value added, personal management objectives, or other measure of performance selected by the Administrator. Partial achievement of the
specified criteria may result in vesting corresponding to the degree of achievement as specified in the Option Agreement. 

  
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 c. Term of Option. The term of each Option shall be the term stated in the Option
Agreement, provided, however, that the term of an Incentive Stock Option shall be no more than ten (10) years from the date of grant thereof. However, in the case of an Incentive Stock Option granted to an Optionee who, at the time the Option
is granted, owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or any Parent or Subsidiary, the term of the Option shall be five (5) years from the date of grant thereof or such
shorter term as may be provided in the Option Agreement. 
 d. Transferability of Options. Options may not be sold,
pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee. The designation of a beneficiary
by an Optionee will not constitute a transfer for purposes of this provision. 
 e. Time of Granting Options. The date of
grant of an Option shall for all purposes, be the date on which the Administrator makes the determination to grant such Option, or such other date as is determined by the Administrator. Notice of the grant determination shall be given to each
Employee, Director or Consultant to whom an Option is so granted within a reasonable time after the date of such grant. 
 8.
Option Exercise Price, Consideration and Taxes. 
 a. Exercise Price. The per Share exercise price for the Shares
to be issued pursuant to the exercise of an Option shall be such price as is determined by the Administrator and set forth in the Option Agreement, but shall be subject to the following: 

i) In the case of an Incentive Stock Option: 
 (1) granted to an Employee who, at the time of the grant of such Incentive Stock Option owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company
or any Parent or Subsidiary, the per Share exercise price shall be not less than one hundred ten percent (110%) of the Fair Market Value per Share on the date of grant. 
 (2) granted to any Employee other than an Employee described in the preceding paragraph, the per Share exercise price shall be not less than one hundred percent (100%) of the Fair Market Value per
Share on the date of grant. 
 ii) Except as provided in subsection (iii) below, in the case of a Non-Qualified Stock
Option, the per Share exercise price shall be such price as determined by the Administrator, provided that, if the per Share exercise price is less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant, it
shall comply with all Applicable Laws, including Section 409A of the Code. 
 iii) In the case of Options intended to
qualify as Performance-Based Compensation, the per Share exercise price shall be not less than one hundred percent (100%) of the Fair Market Value per Share on the date of grant. 

  
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 iv) Notwithstanding the foregoing, Options may be granted with a per Share exercise price
other than as required above pursuant to a merger or other Corporate Transaction. 
 b. Consideration. Subject to
Applicable Laws, the consideration to be paid for the Shares to be issued upon exercise of an Option including the method of payment, shall be determined by the Administrator (and, in the case of an Incentive Stock Option and to the extent required
by Applicable laws, shall be determined at the time of grant) and may consist of the following: 
 i) cash; 

ii) check; 

iii) to the extent permitted under Applicable Laws, delivery of Optionee’s promissory note with such recourse, interest, security,
and redemption provisions as the Administrator determines as appropriate; 
 iv) surrender of Shares (including withholding of
Shares otherwise deliverable upon exercise of the Option) which have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which said Option shall be exercised; provided that in the case of Shares
acquired, directly or indirectly, from the Company, the Administrator may, in its sole discretion, require that Shares tendered for payment be previously held by the Participant for a minimum duration (e.g., to avoid financial accounting charges to
the Company’s earnings); 
 v) delivery of a properly executed exercise notice together with such other documentation as
the Administrator and a securities broker designated by the Administrator, if applicable, shall require to effect an exercise of the Option and delivery to the Company of the sale or loan proceeds required to pay the exercise price; 

vi) such other consideration and method of payment permitted under Applicable Laws; or 

vii) any combination of the foregoing methods of payment. 
 c. Taxes. No Shares shall be delivered under the Plan to any Optionee or other person until such Optionee or other person has made arrangements acceptable to the Administrator for the satisfaction
of any foreign, federal, state, or local income and employment tax obligations and any other required deductions, including, without limitation, obligations incident to the grant, exercise or vesting of the Option, the receipt of Shares or the
disposition of Shares received on exercise. 

  
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 9. Exercise of Option. 

a. Procedure for Exercise; Rights as a Stockholder. 
 i) Any Option granted hereunder shall be exercisable at such times and under such conditions as determined by the Administrator consistent with the terms of the Plan and specified in the Option Agreement.

 ii) The Administrator shall have the discretion to determine whether and to what extent the vesting of Options shall be
tolled during any leave of absence; provided, however, that in the absence of such determination, vesting of Options shall be tolled during any unpaid leave of absence (unless otherwise required by the Applicable Laws). In the event of military
leave, vesting shall toll during any unpaid portion of such leave, provided that, upon a Optionee’s returning from military leave (under conditions that would entitle him or her to protection upon such return under the Uniform Services
Employment and Reemployment Rights Act), he or she shall be given vesting credit with respect to Options to the same extent as would have applied had the Optionee continued to provide services to the Company (any Parent or Subsidiary, if applicable)
throughout the leave on the same terms as he or she was providing services immediately prior to such leave. 
 iii) An Option
shall be deemed to be exercised when written notice of such exercise has been received by the Company in accordance with the terms of the Option by the person entitled to exercise the Option, full payment for the Shares with respect to which the
Option is exercised has been received by the Company and any applicable tax obligations have been satisfied. Until the issuance (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company)
of the Shares, no right to vote or receive dividends or any other rights as a stockholder shall exist with respect to Optioned Stock, notwithstanding the exercise of an Option. The Company shall issue (or cause to be issued) such Shares upon
exercise of the Option. No adjustment will be made for a dividend or other right for which the record date is prior to the date the Shares are issued, except as provided in the Option Agreement or Section 11, below. 

iv) An Option may not be exercised for a fraction of a Share. The Administrator may require that an Option be exercised as to a minimum
number of Shares, provided that such requirement shall not prevent an Optionee from exercising the full number of Shares as to which the Option is then exercisable. 
 b. Exercise of Option following Termination of Employment, Director or Consulting Relationship. 
 i) Termination. Upon termination of an Optionee’s Continuous Status as an Employee, Director or Consultant, other than upon the Optionee’s death or Disability, the Optionee may exercise
his or her Option within such period of time as is specified in the Option Agreement (which shall not be less than 30 days unless Optionee is terminated for Cause) to the extent that the Option is vested (but in no event later than the expiration of
the term of such Option as set forth in the Option Agreement). In the absence of a specified time in the Option Agreement, the Option shall remain exercisable for three (3) months following the


  
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Optionee’s termination. If, on the date of termination, the Optionee is not vested as to his or her entire Option, the Shares covered by the unvested portion of the Option shall revert to
the Plan. If, after termination, the Optionee does not exercise all or any portion of his or her Option within the time specified by the Administrator, such portion of the Option shall terminate, and the Shares covered by such Option shall revert to
the Plan. 
 ii) Disability of Optionee. If an Optionee’s Continuous Status as an Employee, Director or Consultant
terminates as a result of the Optionee’s Disability, the Optionee may exercise the Option to the extent the Option is vested, but only within twelve (12) months from the date of such termination (and in no event later than the expiration
date of the term of such Option as set forth in the Option Agreement). If such Disability is not a “disability” as such term is defined in Section 22(e)(3) of the Code, in the case of an Incentive Stock Option such Incentive Stock
Option shall automatically convert to a Non- Qualified Stock Option on the day three (3) months and one (1) day following such termination. If, on the date of termination the Optionee is not vested as to the entire Option, the Shares
covered by the unvested portion of the Option shall revert to the Plan. If, after termination, all or any portion of the Option is not exercised within the time specified herein, such portion of the Option shall terminate, and the Shares covered by
such Option shall revert to the Plan. 
 iii) Death of Optionee. In the event of the death of an Optionee, the Option may
be exercised at any time within twelve (12) months following the date of death (but in no event later than the expiration of the term of such Option as set forth in the Option Agreement) to the extent vested on the date of death. If, at the
time of death, the Optionee is not vested as to the entire Option, all Shares covered by the unvested portion of the Option shall revert to the Plan. The Option may be exercised by the executor or administrator of the Optionee’s estate or, if
none, by the person(s) entitled to exercise the Option under the Optionee’s will or the laws of descent or distribution. If all or any portion of the Option is not so exercised within the time specified herein, such portion of the Option shall
terminate, and the Shares covered by such Option shall revert to the Plan. 
 c. Buyout Provisions. The Administrator may
at any time offer to buy out for a payment in cash or Shares, an Option previously granted, based on such terms and conditions as the Administrator shall establish and communicate to the Optionee at the time that such offer is made. 

10. Conditions Upon Issuance of Shares. 
 a. Shares shall not be issued pursuant to any Award and, if applicable the exercise thereof, unless the exercise of such Option and the issuance and delivery of such Shares pursuant thereto shall comply
with all Applicable Laws, and shall be further subject to the approval of counsel for the Company with respect to such compliance. 
 b. As a condition to the exercise of an Option or the issuance of Shares pursuant to any Award, the Company may require the person exercising such Option or holding such Award to represent and warrant
that the Shares are being purchased only for investment and without any present intention to sell or distribute such Shares if, in the opinion of counsel for the Company, such a representation is required by any Applicable Laws. 

  
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 11. Adjustments Upon Changes in Capitalization. Subject to any required action by the
stockholders of the Company, the number and class of Shares or other securities covered by each outstanding Award, and the number and class of Shares or other securities which have been authorized for issuance under the Plan but as to which no
Awards have yet been granted or which have been returned to the Plan, as well as the price per share of Common Stock covered by each such outstanding Award and any applicable repurchase price, shall be proportionately adjusted for any increase or
decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination, consolidation, recapitalization or reclassification of the Common Stock, subdivision of the Shares, dividend
payable in other than Shares in an amount that has a material effect on the price of the Shares, a reorganization, merger, liquidation, spin-off, slit-up, distribution, exchange of Shares, repurchase of Shares, change in corporate structure, or any
other similar event resulting in an increase or decrease in the number of issued shares of Common Stock. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock
of any class, shall affect, and no adjustment by reason hereof shall be made with respect to, the number or price of Shares subject to an Option. If, by reason of an adjustment pursuant to this Section 11, a Participant’s Award shall cover
additional or different shares of stock or securities, then such additional or different shares, and the Award in respect thereof, shall be subject to all of the terms, conditions and restrictions which were applicable to the Award and the Shares
subject to the Award prior to such adjustment. 
 12. Corporate Transactions. 

a. Accelerated Vesting. In the event of any Corporate Transaction, each Option which is at the time outstanding under the Plan
automatically shall become fully vested and exercisable and be released from any restrictions on transfer and repurchase or forfeiture rights, immediately prior to the specified effective date of such Corporate Transaction, for all of the Shares at
the time represented by such Option. However, an outstanding Option under the Plan shall not so fully vest and be exercisable and released from such limitations if and to the extent: (i) such Option is, in connection with the Corporate
Transaction, either to be assumed by the successor corporation or parent thereof or to be replaced with a comparable option with respect to shares of the capital stock of the successor corporation or parent thereof, or (ii) such Option is to be
replaced with a cash incentive program of the successor corporation which preserves the compensation element of such Option existing at the time of the Corporate Transaction and provides for subsequent payout in accordance with the same vesting
schedule applicable to such Option. The determination of option comparability under clause (i) above shall be made by the Administrator, and its determination shall be final, binding and conclusive. 

b. Termination of Plan Options. Effective upon the consummation of the Corporate Transaction, all outstanding Options under the
Plan shall terminate and cease to remain outstanding, except to the extent assumed by the successor company or its Parent. 
 c.
Dissolution or Liquidation. In the event of the dissolution or liquidation of the Company, each Award will terminate immediately prior to the consummation of such action, unless otherwise determined by the Administrator. 

  
 13 









 13. Restricted Stock. A Restricted Stock Award is an offer by the Company to sell to
an eligible person Shares that are subject to restrictions. The Administrator shall determine to whom an offer will be made, the number of Shares the person may purchase, the price to be paid (the “Purchase Price”), the restrictions to
which the Shares shall be subject, and all other terms and conditions of the Restricted Stock Award, subject to the following: 

a. Form of Restricted Stock Award. All purchases under a Restricted Stock Award made pursuant to the Plan shall be evidenced by a
Restricted Stock Purchase Agreement. The offer of Restricted Stock shall be accepted by the Participant’s execution and delivery of the Restricted Stock Purchase Agreement and full payment for the shares to the Company within thirty
(30) days from the date the Restricted Stock Purchase Agreement is delivered to the person. If such person does not execute and deliver the Restricted Stock Purchase Agreement along with full payment for the Shares to the Company within thirty
(30) days, then the offer shall terminate, unless otherwise determined by the Administrator. 
 b. Purchase Price.
The Purchase Price of Shares sold pursuant to a Restricted Stock Award shall be determined by the Administrator, subject to Applicable Laws. Payment of the Purchase Price may be made in accordance with Section 8(b) of the Plan. 

c. Restrictions. Restricted Stock Awards shall be subject to such restrictions as the Administrator may impose. The Administrator
may provide for the lapse of such restrictions in installments and may accelerate or waive such restrictions, in whole or in part, based on length of service, performance or such other factors or criteria as the Administrator may determine.
Restricted Stock Awards which the Administrator intends to qualify under Code section 162(m) shall be subject to a performance-based goal. Restrictions on such stock shall lapse based on one or more of the following performance goals: stock price,
market share, sales increases, earnings per share, return on equity, cost reductions, or any other similar performance measure established by the Administrator. Such performance measures shall be established by the Administrator, in writing, no
later than the earlier of (a) ninety (90) days after the commencement of the performance period with respect to which the Restricted Stock award is made and (b) the date as of which twenty-five percent (25%) of such performance
period has elapsed. 
 14. Stock Bonuses. 
 a. Awards of Stock Bonuses. A Stock Bonus is an award of Shares (which may consist of Restricted Stock) for services rendered to the Company or any Parent, Subsidiary or Affiliate. A Stock Bonus
may be awarded for past services already rendered to the Company, or any Parent, Subsidiary or Affiliate pursuant to a Stock Bonus Agreement or upon satisfaction of such performance goals as are set out in advance in a Participant’s Performance
Stock Bonus Agreement. Stock Bonuses may vary from Participant to Participant and between groups of Participants, and may be based upon such other criteria as the Administrator may determine. 

b. Code Section 162(m). A Stock Bonus that the Administrator intends to qualify for the performance-based exception under Code
section 162(m) shall only be awarded based upon the attainment of one or more of the following performance goals: stock price, market share, sales increases, earning per share, return on equity, cost reductions, or any other


  
 14 









 
similar performance measure established by the Administrator. Such performance measures shall be established by the Administrator, in writing, no later than the earlier of: (a) ninety
(90) days after the commencement of the performance period with respect to which the Stock Bonus award is made; and (b) the date as of which twenty-five percent (25%) of such performance period has elapsed. 

c. Terms of Stock Bonuses. The Administrator shall determine the number of Shares to be awarded to the Participant and whether such
Shares shall be Restricted Stock. If the Stock Bonus is being earned upon the satisfaction of performance goals pursuant to a Performance Stock Bonus Agreement, then the Administrator shall determine: (a) the nature, length and starting date of
any period during which performance is to be measured (the “Performance Period”) for each Stock Bonus; (b) the performance goals and criteria to be used to measure the performance, if any; (c) the number of Shares that may be
awarded to the Participant; and (d) the extent to which such Stock Bonuses have been earned. Performance Periods may overlap and Participants may participate simultaneously with respect to Stock Bonuses that are subject to different Performance
Periods and different performance goals and other criteria. The number of Shares may be fixed or may vary in accordance with such performance goals and criteria as may be determined by the Administrator. The Administrator may adjust the performance
goals applicable to the Stock Bonuses to take into account changes in law and accounting or tax rules and to make such adjustments as the Administrator deems necessary or appropriate to reflect the impact of extraordinary or unusual items, events or
circumstances to avoid windfalls or hardships. 
 d. Form of Payment. Subject to Applicable Laws, the earned portion of a
Stock Bonus may be paid currently or on a deferred basis with such interest or dividend equivalent, if any, as the Administrator may determine. Payment shall be made in the form of whole Shares, including Restricted Stock, either in a lump sum
payment or in installments, all as the Administrator shall determine. 
 e. Termination During Performance Period. If a
Participant is terminated during a Performance Period for any reason, then such Participant shall be entitled to payment with respect to the Stock Bonus only to the extent earned as of the date of termination in accordance with the Performance Stock
Bonus Agreement, unless the Administrator shall determine otherwise. 
 15. Proxy; Voting Agreement; Stock Transfer
Restriction. 
 a. Irrevocable Proxy. As a condition to receiving any Award under the Plan, Participants shall be
required to appoint the Chairman of the Board or his or her designee (the “Proxyholder”), as such Participant’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to vote or act
by written consent with respect to all of such Participant’s Shares issued under the Plan in accordance with the provisions set forth in this Section 15, and to execute all appropriate instruments consistent with this Section 15 on
behalf of such Participant. The proxy and power granted by Participant pursuant to this subsection (a) shall be coupled with an interest and given to secure the performance of such party’s duties under this Section 15. Each such proxy
and power will be irrevocable until the time referenced in Section 15(e) below. The proxy and power will survive the death, incompetency, and disability of the Participant. 

  
 15 









 b. Voting Agreement On All Matters. Subject to Applicable Laws, with respect to all
Shares issued pursuant to the Plan and held by any Participant, in the event that a majority of the members of the Board approves of any matter, action, ratification or other event for which approval of some or all of the Company’s stockholders
is sought (either by vote or written consent) or upon which such stockholders are otherwise entitled to vote or consent, then Proxyholder shall vote (in person, by proxy, or by action by written consent, as applicable) all Shares issued pursuant to
the Plan and held by any Participant and as to which Participant has beneficial ownership or otherwise exercises voting or dispositive authority in favor of approving such matter, action, ratification, or other event consistent with the vote of the
majority of the members of the Board. 
 c. Stock Transfer Restriction. Subject to Applicable Laws, no Shares issued
pursuant to the Plan and held by any Participant may be Transferred without the prior written consent of the Company. 
 d.
Additional Covenants and Agreements. 
 i) Specific Enforcement. It is agreed and understood that monetary damages
would not adequately compensate the Company for the violation of any of the provisions of this Section 15, that this Section 15 shall be specifically enforceable, and that any violation or threatened violation of this Section 15 shall
be the proper subject of a temporary or permanent injunction or restraining order. Participants shall waive any claim or defense that there is an adequate remedy at law for such violation or threatened violation. 

ii) Proxyholder’s Liability. The Proxyholder shall not be liable for any error of judgment nor for any act done or omitted,
nor for any mistake of fact or law nor for anything which the Proxyholder may do or refrain from doing in good faith, nor shall the Proxyholder have any accountability hereunder, except for Proxyholder’s own bad faith, gross negligence, or
willful misconduct. Furthermore, upon any judicial or other inquiry or investigation of or concerning the Proxyholder’s acts pursuant to Proxyholder’s rights and powers as described in this Section 15, such acts shall be deemed
reasonable and in the best interests of Participants unless proved to the contrary by clear and convincing evidence. 
 e.
Termination of Provisions. The provisions set forth in this Section 15 shall terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the
Securities and Exchange Commission under the Securities Act. 
 16. Term of Plan. The Plan shall become effective upon
the earlier to occur of its adoption by the Board or its approval by the stockholders of the Company. It shall continue in effect for a term of ten (10) years unless sooner terminated. 

17. Securities Law Compliance. If stock options issued under this Plan are intended to qualify for exemption from qualification
under Section 25102(o) of the California General Corporation Law (“Section 25102(o)”), then (i) any options or stock issued pursuant to this Plan 

  
 16 









 
shall be issued in compliance with Section 25102(o) and the rules and regulations of Title 10, California Code of Regulations and (ii) the requirements of Section 25102(o) and the
rules and regulations promulgated thereunder are hereby incorporated by reference, as Section 25102(o) and such rules and regulations may be amended from time to time. 
 In compliance with Section 25102(o), the Company shall furnish summary financial information (audited or unaudited) of the Company’s financial condition and results of operations, consistent
with the requirements of Applicable Laws, at least annually to each Participant whose Award is issued in reliance on Section 25102(o) during the period such Participant has one or more Awards outstanding, and in the case of an individual who
acquired Shares pursuant to the Plan, during the period such Participant owns such Shares. Notwithstanding the foregoing, the Company shall not be required to provide such information if (i) the issuance is limited to key employees whose duties
in connection with the Company assure their access to equivalent information or (ii) the Plan or any agreement complies with all conditions of Rule 701 of the Securities Act; provided that for purposes of determining such compliance, any
registered domestic partner shall be considered a “family member” as that term is defined in Rule 701. 
 18.
Amendment, Suspension or Termination of the Plan. 
 a. The Board may at any time amend, suspend or terminate the Plan. To
the extent necessary to comply with Applicable Laws, the Company shall obtain stockholder approval of any Plan amendment in such a manner and to such a degree as required. 
 b. No Option may be granted during any suspension of the Plan or after termination of the Plan. 
 c. Any amendment, suspension or termination of the Plan shall not adversely affect Awards already granted, unless mutually agreed otherwise between the Participant and the Administrator, which agreement
must be in writing and signed by the Participant and the Company. 
 19. Reservation of Shares. 

a. The Company, during the term of the Plan, will at all times reserve and keep available such number of Shares as shall be sufficient to
satisfy the requirements of the Plan. 
 b. The inability of the Company to obtain authority from any regulatory body having
jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to
which such requisite authority shall not have been obtained. 
 20. Addenda. The Administrator may approve such addenda to
the Plan as it may consider necessary or appropriate for the purpose of granting Awards to Employees, Consultants or Directors, which Awards may contain such terms and conditions as the Administrator deems necessary or appropriate to accommodate
differences in local law, tax policy or custom, which, if so required under Applicable Laws, may deviate from the terms and conditions set forth in this Plan. The terms of any such addenda shall supersede the terms of the Plan to the extent
necessary to accommodate such differences but shall not otherwise affect the terms of the Plan as in effect for any other purpose. 

  
 17 









 EXPONENTIAL INTERACTIVE, INC. 

2000 EQUITY INCENTIVE PLAN 
 NOTICE OF STOCK OPTION GRANT 
 First Last 

Street Address 
 City, State-Province
Zip-Postal Code 
 You have been granted an option to purchase shares of Common Stock of Exponential Interactive, Inc., a
Delaware corporation (the “Company”), as follows: 
  

			
		
	 Date of Grant:
	  	Date Granted 
		
	 Grant Number:
	  	ISO #Option Number
		
	 Exercise Price Per Share:
	  	$Exercise Price Per Share
		
	 Total Number of Shares Granted:
	  	Number of Shares
		
	 Total Exercise Price:
	  	$Total Exercise Price
		
	 Type of Option:
	  	 _xxxxx__ Shares Incentive Stock Option
 ________ Shares Non-Qualified Stock Option

		
	 Term/Expiration Date:
	  	Term Date
		
	 Vesting Commencement Date:
	  	Vesting Commencement Date
		
	 Vesting Schedule:
	  	So long as your Continuous Status as an Employee, Director or Consultant continues, the Shares underlying this Option shall vest and become exercisable in accordance with the
following schedule: 25% of the total number of Shares subject to the Option shall vest and become exercisable on the 12 month anniversary of the Vesting Commencement Date and 1/48th of the total number of Shares subject to the Option shall vest and
become exercisable on the same day of each month thereafter.


  
 18 










			
		
	 Termination Period:
	 	This Option, to the extent vested, may only be exercised for 3 months after termination of your Continuous Status as an Employee, Director or Consultant, or such longer period as
may be applicable upon death or Disability as provided in Section 5 of the Stock Option Agreement. You are responsible for keeping track of these exercise periods following your termination for any reason. The Company will not provide further notice
of such periods.
		
	 [Alternate Language; Delete if
 Inapplicable:]
  
 Change of Control:
	 	Notwithstanding the above, in the event of a Corporate Transaction, and you are Involuntarily Terminated by the successor corporation in connection with, or within twelve (12)
months following consummation of, the transaction, then the number of Shares that would otherwise have vested and been exercisable as of the date twelve (12) months from the date of termination shall accelerate and vest, in each case assuming you
remain in Continuous Status as an Employee, Director or Consultant for such twelve (12) month period. The acceleration of vesting provided for in the previous sentence shall occur immediately prior to the effective date of the termination of your
Continuous Status as an Employee, Director or Consultant. All capitalized terms in this section not otherwise defined shall have the meanings given to them in the 2000 Equity Incentive Plan.
		
	 Transferability:
	 	This Option may not be transferred.

 By your signature and the signature of the Company’s representative below, you and the Company agree
that this option is granted under and governed by the terms and conditions of the Exponential Interactive, Inc. 2000 Equity Incentive Plan and the Stock Option Agreement, both of which are attached to and made a part of this document. 

In addition, you agree and acknowledge that your rights to any Shares underlying the Option will be earned only as you provide services
to the Company over time, that the grant of the Option is not as consideration for services you rendered to the Company prior to your Vesting Commencement Date, and that nothing in this Notice or the attached documents confers upon you any right to
continue your employment or consulting relationship with the Company for any period of time, nor does it interfere in any way with your right or the Company’s right to terminate that relationship at any time, for any reason, with or without
cause. 

  
 19 









 Also, the Exercise Price Per Share has been set at the fair market value of the Shares on
the Date of Grant in good faith compliance with the applicable guidance issued by the IRS under Section 409A of the Code in order to avoid the Option being treated as deferred compensation under Section 409A of the Code. However, there is
no guarantee that the IRS will agree with the valuation and, by signing below, you agree and acknowledge that the Company shall not be held liable for any applicable costs, taxes, or penalties associated with the Option if, in fact, the IRS were to
determine that the Option constitutes deferred compensation under Section 409A of the Code. You should consult with your own tax advisor concerning the tax consequences of such a determination by the IRS. 

 

			
	EXPONENTIAL INTERACTIVE, INC.
		
	By:	 	 
		 	(Signature)
	
		
	Name:	 	Dilip DaSilva
		 	
	
		
	Title:	 	President & CEO
		 	
	 OPTIONEE:

First Last

		
	By:	 	 
		 	(Signature)



  
 20 









 EXPONENTIAL INTERACTIVE, INC. 

2000 EQUITY INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
 1. Grant of Option.
Exponential Interactive, Inc., a Delaware corporation (the “Company”), hereby grants to First Last (“Optionee”), an option (the “Option”) to purchase the total number of shares of Common
Stock (the “Shares”) set forth in the Notice of Stock Option Grant (the “Notice”), at the exercise price per Share set forth in the Notice (the “Exercise Price”) subject to the terms, definitions
and provisions of the Exponential Interactive, Inc. 2000 Equity Incentive Plan (the “Plan”) adopted by the Company, which is incorporated in this Agreement by reference. Unless otherwise defined in this Agreement, the terms used in
this Agreement shall have the meanings defined in the Plan. 
 2. Designation of Option. This Option is intended
to be an Incentive Stock Option as defined in Section 422 of the Code only to the extent so designated in the Notice, and to the extent it is not so designated or to the extent the Option does not qualify as an Incentive Stock Option, it is
intended to be a Non-Qualified Stock Option. 
 Notwithstanding the above, if designated as an Incentive Stock Option, in the
event that the Shares subject to this Option (and all other Incentive Stock Options granted to Optionee by the Company or any Parent or Subsidiary, including under other plans of the Company) that first become exercisable in any calendar year have
an aggregate fair market value (determined for each Share as of the date of grant of the option covering such Share) in excess of $100,000, the Shares in excess of $100,000 shall be treated as subject to a Non-Qualified Stock Option. 

3. Exercise of Option. This Option shall be exercisable during its term in accordance with the Vesting Schedule set out in
the Notice and with the provisions of Section 9 of the Plan as follows: 
 (a) Right to
Exercise. 
 (i) This Option may not be exercised for a fraction of a share. 

(ii) In the event of Optionee’s death, Disability or other termination of Continuous Status as an Employee, Director or Consultant,
the Option is governed by Section 5 below, subject to the limitations contained in this Section 3. 
 (iii) In no
event may this Option be exercised after the Expiration Date of the Option as set forth in the Notice. 
 (b)
Method of Exercise. 
 (i) This Option shall be exercisable by execution and delivery of an Exercise Notice
attached hereto as Exhibit A (the “Exercise Agreement”) or of any other form of written notice approved for such purpose by the Company which shall state Optionee’s election


  
 21 









 
to exercise the Option, the number of Shares in respect of which the Option is being exercised, and such other representations and agreements as to the holder’s investment intent with
respect to such Shares as may be required by the Company pursuant to the provisions of the Plan. Such written notice shall be signed by Optionee and shall be delivered to the Company by such means as are determined by the Plan Administrator in its
discretion to constitute adequate delivery. The written notice shall be accompanied by payment of the Exercise Price. This Option shall be deemed to be exercised upon receipt by the Company of such written notice accompanied by the Exercise Price.

 (ii) As a condition to the exercise of this Option and as further set forth in Section 8 of the Plan, Optionee agrees
to make adequate provision for federal, state or other tax withholding obligations, if any, which arise upon the grant, vesting or exercise of the Option, or disposition of Shares, whether by withholding, direct payment to the Company, or otherwise.

 (iii) The Company is not obligated, and will have no liability for failure, to issue or deliver any Shares upon exercise of
the Option unless such issuance or delivery would comply with the Applicable Laws, with such compliance determined by the Company in consultation with its legal counsel. This Option may not be exercised until such time as the Plan has been approved
by the stockholders of the Company, or if the issuance of such Shares upon such exercise or the method of payment of consideration for such shares would constitute a violation of any applicable federal or state securities or other law or regulation,
including any rule under Part 221 of Title 12 of the Code of Federal Regulations as promulgated by the Federal Reserve Board. As a condition to the exercise of this Option, the Company may require Optionee to make any representation and
warranty to the Company as may be required by the Applicable Laws. Assuming such compliance, for income tax purposes the Shares shall be considered transferred to Optionee on the date on which the Option is exercised with respect to such Shares.

 4. Method of Payment. Payment of the Exercise Price shall be by any of the following, or a combination of the
following, at the election of Optionee: 
 (a) Cash; 
 (b) Check; or 
 (c) Commencing at such time as the Company’s Common Stock is
registered under Section 12 of the Exchange Act, and the shares for which this Option is exercisable are eligible for public resale under Rule 701 of the Securities Act of 1933, as amended, or are registered under a Form S-8 registration
statement (or any applicable successor form thereto), and the Company’s stock is publicly traded on a national securities exchange or the Nasdaq National Market System, by delivery (on a form prescribed by the Administrator) of an irrevocable
direction to a securities broker to sell Shares and to deliver all or part of the sale proceeds to the Company in payment of the aggregate Exercise Price and, if applicable, the amount necessary to satisfy the Company’s tax withholding
obligations at the minimum statutory withholding rates, including, but not limited to, U.S. federal and state income taxes, payroll taxes, and foreign taxes, if applicable. 

  
 22 









 5. Termination of Relationship. Following the date of termination of
Optionee’s Continuous Status as an Employee, Director or Consultant for any reason (the “Termination Date”), Optionee may exercise the Option only as set forth in the Notice and this Section 5. To the extent that Optionee
is not entitled to exercise this Option as of the Termination Date, or if Optionee does not exercise this Option within the Termination Period set forth in the Notice or the termination periods set forth below, the Option shall terminate in its
entirety. In no event, may any Option be exercised after the Expiration Date of the Option as set forth in the Notice. 
 (a)
Termination. In the event of termination of Optionee’s Continuous Status as an Employee, Director or Consultant other than as a result of Optionee’s Disability or death or for Cause, Optionee may, to the extent Optionee is
vested in the Option Shares at the Termination Date, exercise this Option during the Termination Period set forth in the Notice. 
 (b) Other Terminations. In connection with any termination other than a termination covered by Section 5(a), Optionee may exercise the Option only as described below: 

(i) Termination upon Disability of Optionee. In the event the Optionee’s Continuous Status as an Employee, Director
or Consultant terminates as a result of Optionee’s Disability, Optionee may, but only within twelve (12) months from the Termination Date (and in no event later than the Expiration Date), exercise this Option to the extent Optionee was
vested in the Option Shares as of such Termination Date. 
 (ii) Death of Optionee. In the event of the death of
Optionee during the term of this Option and while an Employee or Consultant of the Company and having been in Continuous Status as an Employee, Director or Consultant since the date of grant of the Option, the Option may be exercised at any time
within twelve (12) months following the date of death (and in no event later than the Expiration Date), by Optionee’s estate or by a person who acquired the right to exercise the Option by bequest or inheritance, but only to the extent
Optionee was vested in the Option as of the Termination Date. 
 (iii) Termination for Cause. In the event
Optionee’s Continuous Status as an Employee, Director or Consultant is terminated for Cause, the Option shall terminate immediately upon such termination for Cause. In the event Optionee’s employment or consulting relationship with the
Company is suspended pending investigation of whether such relationship shall be terminated for Cause, all Optionee’s rights under the Option, including the right to exercise the Option, shall be suspended during the investigation period.

 6. Non-Transferability of Option. This Option may not be transferred in any manner otherwise than by will or by
the laws of descent or distribution and may be exercised during the lifetime of the Optionee only by the Optionee. 
 7.
Lock-Up Agreement. In connection with the initial public offering of the Company’s securities, Optionee agrees, upon the request of the Company and the underwriters managing such underwritten offering of the Company’s
securities, not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any Shares (other than those included in the registration) without the prior written consent of the Company and such underwriters,
as the case may be, for such period of time, not to exceed fourteen (14) days before 

  
 23 









 
and one hundred eighty (180) days, after the effective date of such registration as the underwriters may specify. The Company and underwriters may request such additional written agreements
in furtherance of such standoff in the form reasonably satisfactory to the Company and such underwriter. The Company may also impose stop-transfer instructions with respect to the Shares subject to the foregoing restrictions until the end of said
one hundred eighty (180) day period. 
 8. Effect of Agreement. Optionee acknowledges receipt of a copy of
the Plan and represents that he or she is familiar with the terms and provisions thereof (and has had an opportunity to consult counsel regarding the Option terms), and hereby accepts this Option and agrees to be bound by its contractual terms as
set forth herein and in the Plan. Optionee hereby agrees to accept as binding, conclusive and final all decisions and interpretations of the Plan Administrator regarding any questions relating to the Option. In the event of a conflict between the
terms and provisions of the Plan and the terms and provisions of the Notice and this Agreement, the Plan terms and provisions shall prevail. The Option, including the Plan, constitutes the entire agreement between Optionee and the Company on the
subject matter hereof and supersedes all proposals, written or oral, and all other communications between the parties relating to such subject matter. 
 [Signature Page Follows] 

  
 24 









 This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original and all of which together shall constitute one document. 
  

			
	EXPONENTIAL INTERACTIVE, INC.
		
	By:	 	 
		 	(Signature)
	
		
	Name:	 	Dilip DaSilva
		 	
	
		
	Title:	 	President & CEO
		 	
	 OPTIONEE:

First Last

		
	By:	 	 
		 	(Signature)



  
 25 









 EXHIBIT A 

EXPONENTIAL INTERACTIVE, INC. 
 2000 EQUITY INCENTIVE PLAN 
 EXERCISE NOTICE 

This Agreement (“Agreement”) is made as of _________________, by and between Exponential Interactive, Inc., a Delaware
corporation (the “Company”), and __________________ (“Purchaser”). To the extent any capitalized terms used in this Agreement are not defined herein, they shall have the meaning ascribed to them in the Plan (as
defined below). 
 1. Exercise of Option. Subject to the terms and conditions hereof, Purchaser hereby elects to
exercise his or her option to purchase _____________ shares of the Common Stock (the “Shares”) of the Company under and pursuant to the Company’s 2000 Equity Incentive Plan (the “Plan”) and the Stock Option
Agreement granted Date Granted (the “Option Agreement”). The purchase price for the Shares shall be $_______ per Share for a total purchase price of $            .
The term “Shares” refers to the purchased Shares and all securities received in replacement of the Shares or as stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger,
reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser’s ownership of the Shares. 

2. Time and Place of Exercise. The purchase and sale of the Shares under this Agreement shall occur at the principal office
of the Company simultaneously with the execution and delivery of this Agreement in accordance with the provisions of Section 3(b) of the Option Agreement. On such date, the Company will deliver to Purchaser a certificate representing the Shares
purchased by Purchaser (which shall be issued in Purchaser’s name) against payment of the exercise price therefor by Purchaser by any method listed in Section 4 of the Option Agreement. 

3. Limitations on Transfer. In addition to any other limitation on transfer created by applicable securities laws,
Purchaser shall not assign, encumber or dispose of any interest in the Shares except in compliance with the provisions below and applicable securities laws. 
 (a) Right of First Refusal. Before any Shares held by Purchaser or any transferee of Purchaser (either being sometimes referred to herein as the “Holder”) may be sold or
otherwise transferred (including transfer by gift or operation of law), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares on the terms and conditions set forth in this Section 3(a) (the “Right of
First Refusal”). 
 (i) Notice of Proposed Transfer. The Holder of the Shares shall deliver to the
Company a written notice (the “Notice”) stating: (i) the Holder’s bona fide intention to sell or otherwise transfer such Shares; (ii) the name of each proposed purchaser or other transferee (“Proposed
Transferee”); (iii) the number of Shares to be transferred to each 

  
 26 









 
Proposed Transferee; and (iv) the terms and conditions of each proposed sale or transfer. The Holder shall offer the Shares at the same price (the “Offered Price”) and upon
the same terms (or terms as similar as reasonably possible) to the Company or its assignee(s). 
 (ii) Exercise of Right
of First Refusal. At any time within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may, by giving written notice to the Holder, elect to purchase all, but not less than all, of the Shares proposed to
be transferred to any one or more of the Proposed Transferees, at the purchase price determined in accordance with subsection (iii) below. 
 (iii) Purchase Price. The purchase price (“Purchase Price”) for the Shares purchased by the Company or its assignee(s) under this Section 3(a) shall be the Offered
Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Board of Directors of the Company in good faith. 

(iv) Payment. Payment of the Purchase Price shall be made, at the option of the Company or its assignee(s), in cash (by
check), by cancellation of all or a portion of any outstanding indebtedness, or by any combination thereof within 60 days after receipt of the Notice or in the manner and at the times set forth in the Notice. 

(v) Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be transferred to a given Proposed
Transferee are not purchased by the Company and/or its assignee(s) as provided in this Section 3(a), then the Holder may sell or otherwise transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that
such sale or other transfer is consummated within 90 days after the date of the Notice and provided further that any such sale or other transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in
writing that the provisions of this Section 3 shall continue to apply to the Shares in the hands of such Proposed Transferee. If the Shares described in the Notice are not transferred to the Proposed Transferee within such period, or if the
Holder proposes to change the price or other terms to make them more favorable to the Proposed Transferee, a new Notice shall be given to the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal before any
Shares held by the Holder may be sold or otherwise transferred. 
 (vi) Exception for Certain Family Transfers.
Anything to the contrary contained in this Section 3(a) notwithstanding, the transfer of any or all of the Shares during Purchaser’s lifetime or on Purchaser’s death by will or intestacy to Purchaser’s Immediate Family or a trust
for the benefit of Purchaser’s Immediate Family shall be exempt from the provisions of this Section 3(a). “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or
sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this
Section 3. 

  
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 (b) Involuntary Transfer. 

(i) Company’s Right to Purchase upon Involuntary Transfer. In the event, at any time after the date of this
Agreement, of any transfer by operation of law or other involuntary transfer (including death or divorce, but excluding a transfer to Immediate Family as set forth in Section 3(a)(vi) above) of all or a portion of the Shares by the record
holder thereof, the Company shall have an option to purchase all of the Shares transferred at the greater of the purchase price paid by Purchaser pursuant to this Agreement or the Fair Market Value of the Shares on the date of transfer. Upon such a
transfer, the person acquiring the Shares shall promptly notify the Secretary of the Company of such transfer. The right to purchase such Shares shall be provided to the Company for a period of thirty (30) days following receipt by the Company
of written notice by the person acquiring the Shares. 
 (ii) Price for Involuntary Transfer. With respect to any
stock to be transferred pursuant to Section 3(b)(i), the price per Share shall be a price set by the Board of Directors of the Company that will reflect the current value of the stock in terms of present earnings and future prospects of the
Company. The Company shall notify Purchaser or his or her executor of the price so determined within thirty (30) days after receipt by it of written notice of the transfer or proposed transfer of Shares. However, if the Purchaser does not agree
with the valuation as determined by the Board of Directors of the Company, the Purchaser shall be entitled to have the valuation determined by an independent appraiser to be mutually agreed upon by the Company and the Purchaser and whose fees shall
be borne equally by the Company and the Purchaser. 
 (c) Assignment. The right of the Company to purchase any
part of the Shares may be assigned in whole or in part to any shareholder or shareholders of the Company or other persons or organizations. 
 (d) Restrictions Binding on Transferees. All transferees of Shares or any interest therein will receive and hold such Shares or interest subject to the provisions of this Agreement. Any sale
or transfer of the Company’s Shares shall be void unless the provisions of this Agreement are satisfied. 
 (e)
Termination of Rights. The right of first refusal granted the Company by Section 3(a) above and the option to repurchase the Shares in the event of an involuntary transfer granted the Company by Section 3(b) above shall
terminate upon the first sale of Common Stock of the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the
“Securities Act”). Upon termination of the right of first refusal described in Section 3(a) above, a new certificate or certificates representing the Shares not repurchased shall be issued, on request, without the legend
referred to in Section 5(a)(ii) herein and delivered to Purchaser. 
 4. Investment and Taxation Representations.
In connection with the purchase of the Shares, Purchaser represents to the Company the following: 

  
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 (a) Purchaser is aware of the Company’s business affairs and financial condition and
has acquired sufficient information about the Company to reach an informed and knowledgeable decision to acquire the Shares. Purchaser is purchasing these securities for investment for his or her own account only and not with a view to, or for
resale in connection with, any “distribution” thereof within the meaning of the Securities Act or under any applicable provision of state law. Purchaser does not have any present intention to transfer the Shares to any person or entity.

 (b) Purchaser understands that the Shares have not been registered under the Securities Act by reason of a specific exemption
therefrom, which exemption depends upon, among other things, the bona fide nature of Purchaser’s investment intent as expressed herein. 
 (c) Purchaser further acknowledges and understands that the securities must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration is
available. Purchaser further acknowledges and understands that the Company is under no obligation to register the securities. Purchaser understands that the certificate(s) evidencing the securities will be imprinted with a legend which prohibits the
transfer of the securities unless they are registered or such registration is not required in the opinion of counsel for the Company. 
 (d) Purchaser is familiar with the provisions of Rules 144 and 701, each promulgated under the Securities Act, which, in substance, permit limited public resale of “restricted securities”
acquired, directly or indirectly, from the issuer of the securities (or from an affiliate of such issuer), in a non-public offering subject to the satisfaction of certain conditions. Purchaser understands that the Company provides no assurances as
to whether he or she will be able to resell any or all of the Shares pursuant to Rule 144 or Rule 701, which rules require, among other things, that the Company be subject to the reporting requirements of the Securities Exchange Act of 1934, as
amended, that resales of securities take place only after the holder of the Shares has held the Shares for certain specified time periods, and under certain circumstances, that resales of securities be limited in volume and take place only pursuant
to brokered transactions. Notwithstanding this paragraph (d), Purchaser acknowledges and agrees to the restrictions set forth in paragraph (e) below. 
 (e) Purchaser further understands that in the event all of the applicable requirements of Rule 144 or 701 are not satisfied, registration under the Securities Act, compliance with Regulation A,
or some other registration exemption will be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has expressed its opinion that persons proposing to sell
private placement securities other than in a registered offering and otherwise than pursuant to Rule 144 or 701 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales,
and that such persons and their respective brokers who participate in such transactions do so at their own risk. 
 (f)
Purchaser understands that Purchaser may suffer adverse tax consequences as a result of Purchaser’s purchase or disposition of the Shares. Purchaser represents that Purchaser has consulted any tax consultants Purchaser deems advisable in
connection with the 

  
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purchase or disposition of the Shares and that Purchaser is not relying on the Company for any tax advice. 
 5. Restrictive Legends and Stop-Transfer Orders. 
 (a)
Legends. The certificate or certificates representing the Shares shall bear the following legends (as well as any legends required by applicable state and federal corporate and securities laws): 

 

	 	(i)	THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR
IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL FOR THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE
SECURITIES ACT OF 1933. 

  

	 	(ii)	THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF AN AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH
IS ON FILE WITH THE SECRETARY OF THE COMPANY. 

 (b) Stop-Transfer Notices. Purchaser agrees that,
in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make
appropriate notations to the same effect in its own records. 
 (c) Refusal to Transfer. The Company shall not be
required (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends
to any purchaser or other transferee to whom such Shares shall have been so transferred. 
 6. No Employment
Rights. Nothing in this Agreement shall affect in any manner whatsoever the right or power of the Company, or a parent or subsidiary of the Company, to terminate Purchaser’s employment or consulting relationship, for any reason, with or
without cause. 
 7. Lock-Up Agreement. In connection with the initial public offering of the Company’s
securities, Optionee agrees, upon the request of the Company and the underwriters managing such underwritten offering of the Company’s securities, not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise
dispose of any Shares (other than those included in the registration) without the prior written consent of the Company and such 

  
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underwriters, as the case may be, for such period of time, not to exceed fourteen (14) days before and one hundred eighty (180) days, after the effective date of such registration as
the underwriters may specify. The Company and underwriters may request such additional written agreements in furtherance of such standoff in the form reasonably satisfactory to the Company and such underwriter. The Company may also impose
stop-transfer instructions with respect to the Shares subject to the foregoing restrictions until the end of said one hundred eighty (180) day period. 
 8. Miscellaneous. 
 (a) Governing Law. This Agreement
and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles of conflicts
of law. 
 (b) Entire Agreement; Enforcement of Rights. This Agreement sets forth the entire agreement and
understanding of the parties relating to the subject matter herein and merges all prior discussions between them. No modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement, shall be effective unless in
writing signed by the parties to this Agreement. The failure by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party. 

(c) Severability. If one or more provisions of this Agreement are held to be unenforceable under applicable law, the
parties agree to renegotiate such provision in good faith. In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement,
(ii) the balance of the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms. 

(d) Construction. This Agreement is the result of negotiations between and has been reviewed by each of the parties hereto
and their respective counsel, if any; accordingly, this Agreement shall be deemed to be the product of all of the parties hereto, and no ambiguity shall be construed in favor of or against any one of the parties hereto. 

(e) Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient when
delivered personally or sent by telegram or fax or forty-eight (48) hours after being deposited in the U.S. mail, as certified or registered mail, with postage prepaid, and addressed to the party to be notified at such party’s address as
set forth below or as subsequently modified by written notice. 
 (f) Counterparts. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument. 
 (g) Successors and Assigns. The rights and benefits of this Agreement shall inure to the benefit of, and be enforceable by the Company’s successors and assigns. The rights and
obligations of Purchaser under this Agreement may only be assigned with the prior written consent of the Company. 

  
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 (h) California Corporate Securities Law. THE SALE OF THE SECURITIES WHICH ARE
THE SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF THE SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO THE QUALIFICATION
IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON THE QUALIFICATION BEING
OBTAINED, UNLESS THE SALE IS SO EXEMPT. 
 [Signature Page Follows] 

  
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 The parties have executed this Exercise Notice and Restricted Stock Purchase Agreement as of
the date first set forth above. 
  

			
	EXPONENTIAL INTERACTIVE, INC.
		
	By:	 	 
		 	(Signature)
		
	Name:	 	 
		 	
		
	Title:	 	 
		 	
		
	Address:	 	 
		
		 	 
	
	 PURCHASER:
  

PRINT NAME:

		
	By:	 	 
		 	(Signature)
		
	Address:	 	 
		
		 	 



  
 33 









 I, ______________________, spouse of ___________________, have read and hereby approve the
foregoing Agreement. In consideration of the Company’s granting my spouse the right to purchase the Shares as set forth in the Agreement, I hereby agree to be irrevocably bound by the Agreement and further agree that any community property or
other such interest shall hereby by similarly bound by the Agreement. I hereby appoint my spouse as my attorney-in-fact with respect to any amendment or exercise of any rights under the Agreement. 

 

	
	
	
	 
	Spouse of First Last (if applicable)



  
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 RECEIPT 

The undersigned hereby acknowledges receipt of Certificate No. _____ for __________ shares of Common Stock of Exponential
Interactive, Inc., a Delaware corporation (the “Company”). 
  

			
		
	Dated:	 	 

  

			
	 OPTIONEE:
  

First Last

		
	By:	 	 
		 	(Signature)



  
 35 









 RECEIPT 

Exponential Interactive, Inc., a Delaware corporation (the “Company”), hereby acknowledges receipt of (check as
applicable): 
  

																							
		 	 	 	Cash in the amount of $____________	 		 	
		 	 	 	A check in the amount of $____________	 		 	
		 	 	 	Certificate No. _____ representing __________ shares of the Company’s	 		 	
		 		 	Common Stock with a fair market value of $___________	 		 	

 given by ___________________ as consideration for Certificate No. _____ for _________ shares of Common Stock of the
Company. 
  

			
		
	Dated:	 	 
		 	

  

			
	EXPONENTIAL INTERACTIVE, INC.
		
	By:	 	 
		 	(Signature)
		
	Name:	 	 
		
	Title:	 	 



  
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