Document:

Form of Option Amendment Letter Agreement

 Exhibit 4.2.2 

ASSOCIATED CONTENT INC. 

May 21, 2010 

«Name» 
 Dear «First»:

 On May 17, 2010, Associated Content Inc. (the “Company”) entered into an Agreement and Plan of Merger
(the “Merger Agreement”) with Yahoo! Inc. (the “Parent”), among others, pursuant to which the Company shall become a wholly owned subsidiary of the Parent (the “Merger”). You were previously granted
one or more options to purchase Company common stock (each, a “Company Option,” and collectively, the “Company Options”) under the Company’s 2005 Stock Incentive Plan (the “Plan”). Your Company
Options that are currently outstanding are set forth on Exhibit A. Contingent upon the consummation of the Merger, you shall receive the following treatment with respect to your outstanding Company Options. 

Vested Company Options 

At the effective time of the Merger (the “Effective Time”), which is anticipated to occur in May, 2010, the portion of
your outstanding Company Options that is vested as of the Effective Time (the “Vested Company Options”) shall terminate and be cancelled as of the Effective Time. If you do not exercise your Vested Company Options, you shall be
entitled to receive a cash payment (subject to all applicable income and employment tax withholding) equal to the product of (x) the number of shares of Company common stock that were issuable upon exercise of such Vested Company Options
immediately prior to the Effective Time multiplied by (y) an amount equal to (1) the Per Share Common Amount (as defined in the Merger Agreement as the consideration that each share of Company common stock will receive in the
Merger) minus (2) the per share exercise price for the shares of Company common stock that would have been issuable upon exercise of such Vested Company Options immediately prior to the Effective Time (with the understanding that, for
purposes of this clause, if there are different exercise prices for different Vested Company Options held by you, separate calculations shall be made for each applicable exercise price) (the “Vested Spread”). 

Pursuant to the Merger Agreement, approximately 15% of the Vested Spread shall be held back in escrow to indemnify the Parent in case of
a breach of a representation, warranty or covenant in the Merger Agreement or if an event happens which requires indemnification as provided in the Merger Agreement. (The exact percentage of the Vested Spread to be subject to escrow will depend on
the final purchase price after giving effect to closing payments, working capital adjustments and the like.) The amount withheld will be deposited with the escrow agent pursuant to the terms of the Merger Agreement to secure such indemnification
obligations, and all amounts deposited with the escrow agent, together with any interest, investment income or other proceeds applicable thereto, shall be held by the escrow agent, subject to the terms and conditions of the Merger Agreement and the
related escrow agreement. You acknowledge and agree to be bound by all provisions of Articles 2 and 9 of the Merger Agreement, and that you shall be entitled to receive the portion of the Vested Spread held back in escrow only at the times and
in the amounts set forth in the Merger Agreement and the escrow agreement. 

 You may also choose to exercise your Vested Company Options prior to the Effective Time. If
you wish to exercise your Vested Company Options, please contact the Company immediately. You must provide a completed exercise notice to the Company and pay the exercise price per share prior to the Effective Time. For any of your
Vested Company Options that were granted as incentive stock options (“ISOs”) under Internal Revenue Code Section 422 and are exercised by you, the Vested Spread shall be reported as ordinary income to you for income tax
purposes, but shall not be subject to withholding, including not being subject to employment taxes. For any of your Vested Company Options that were granted as nonstatutory stock options (“NSOs”), the Vested Spread shall be reported
as ordinary income and be subject to applicable tax withholding (including income and employment taxes). As a stockholder, a percentage of the Merger consideration that you receive for your shares will be held back in escrow on the same terms as
described above for Vested Company Options. 
 Amendment and Assumption of Unvested Company Options 

At the Effective Time (provided that you accept an offer of employment with Parent before the Effective Time and provided that you are to
be employed with Parent immediately following the Effective Time), the portion of your outstanding Company Options that is unvested as of the Effective Time (the “Unvested Company Options”) shall be assumed by the Parent and
converted into the right to purchase shares of Parent common stock (each, an “Assumed Option” and collectively, the “Assumed Options”). Each Assumed Option shall continue to have, and be subject to, the same terms
and conditions (including, if applicable, the vesting arrangements and other terms and conditions set forth in the Plan and the applicable stock option or other agreement) as are in effect immediately prior to the Effective Time, except that
(i) Parent shall have any and all amendment and administrative authority with respect to such option (subject, in the case of any amendment, to any required consent from you), (ii) the Assumed Option shall become exercisable for that
number of whole shares of Parent common stock equal to the product (rounded down to the next whole number of shares of Parent common stock) of (A) the number of shares of Company common stock that would have been issuable upon exercise of the
Assumed Option immediately prior to the Effective Time and (B) the Equity Exchange Ratio (as defined in the Merger Agreement), (iii) the per share exercise price for the shares of Parent common stock issuable upon exercise of the Assumed
Option shall be equal to the quotient (rounded up to the next whole cent) obtained by dividing the exercise price per share of Company common stock at which such Assumed Option was exercisable immediately prior to the Effective Time by the Equity
Exchange Ratio, and (iv) the Assumed Option will be subject to the amendments set forth below. 
 By executing this letter,
you acknowledge and agree that the option agreement and related option documentation that evidences your Assumed Options are hereby amended, effective upon and subject to the Effective Time, to provide as follows: 

1. No Incentive Stock Option Treatment or Early Exercise Feature. All of your Assumed Options shall be treated as NSOs, even if
such Assumed Options immediately prior to the Effective Time were designated as ISOs, and any of your Assumed Options that included an “early exercise” feature prior to the Effective Time that permitted the option to be exercised prior to
the time that the option had vested shall, effective as of the Effective Time, no longer include such an early exercise feature and may be exercised only to the extent (if any) then vested. Upon exercise of your Assumed Option, the difference
between the fair market value of the shares you acquire on exercising the option and the exercise price of the option will be taxable as ordinary income and subject to applicable tax withholding (including income and employment taxes). 

 2. Modification of Certain Definitions. To the extent that your Assumed Options
provide for accelerated vesting of the option if a “Termination Event” occurs within the 12-month period following the Effective Time, the following definitions will supersede and replace in their entirety the definitions of
“Termination Event” and “Cause” that appear in the option agreement and the Plan, respectively: 
 “A
“Termination Event” occurs where there is a termination of the Participant’s Continuous Service as a result of and as determined by the Plan Administrator in its sole discretion: (i) there has been, as initiated by the Company or
any Subsidiary that employs Participant, (a) a significant reduction in Participant’s responsibilities, authorities or duties which occurred while the Participant was employed with the Company or any of its Subsidiaries, without regard to
any change in title, (b) a material reduction in Participant’s base salary, except in the event of an across-the-board salary reduction for comparable positions in Participant’s business unit at the Company or any of its Subsidiaries,
or (c) a required relocation of Participant’s office outside of a 50-mile radius of the Company’s current location without Participant’s written consent; or (ii) an involuntary termination of Participant’s Continuous
Service by the Company or any Subsidiary other than for Cause.” 
 ““Cause” means a termination of
Participant’s employment on account of dishonesty, fraud, misconduct, unauthorized use or disclosure of confidential information or trade secrets or conviction or confession of a crime punishable by law (except a misdemeanor violation), in each
such case as determined by the Plan Administrator, and its determination shall be conclusive and binding. Such actions constituting “Cause” shall include, without limitation, (1) refusal to obey directions of the Board of
Directors or a superior officer (so long as such directions do not involve illegal acts); (2) material neglect or material failure to perform job duties and responsibilities; (3) fraud or dishonesty that is materially injurious to the
Company or any of its Subsidiaries; (4) breach of any material obligation of nondisclosure or confidentiality owed to the Company or any of its Subsidiaries; (5) commission of a criminal offense involving money or other property of the
Company (excluding any traffic violations or similar violations); or (6) commission of a criminal offense that constitutes a felony in the jurisdiction in which the offense is committed. A Participant who agrees to resign from his or her
affiliation with the Company in lieu of being terminated for Cause will, unless otherwise expressly provided by the Company, be deemed to have been terminated for Cause for purposes of the Plan.” 

For all purposes under the Plan and any option agreement under the Plan (including for purposes of the foregoing definitions), the term
“Company” shall mean Yahoo! Inc., and the term “Subsidiary” shall include any majority-owned subsidiary of Yahoo! Inc. (including Associated Content Inc. for so long as such entity is a majority-owned subsidiary of Yahoo! Inc.).

 If you do not accept an offer of employment with Parent before the Effective Time or if for any other reason you are not to
be employed by Parent immediately following the Effective Time, your Unvested Company Options shall not be assumed and shall terminate and be cancelled at the Effective Time, pursuant to Section 8.2 of the Plan and Section 6.5 of the
Merger Agreement. You will receive no consideration for any cancelled Unvested Company Options, and you will have no further rights with respect thereto or in respect thereof. Neither the Parent nor the Company will have any obligation with respect
to the cancelled Unvested Company Options after the Effective Time. 
 The tax information in this letter is summary information
only and is given for your reference. You agree that the Company and its affiliates, officers, directors, advisors and agents are not providing, and have not provided you with, any tax advice with respect to these matters and that you are
relying solely on your own tax advisors. If you have questions or would like specific information about the tax treatment of your Company Options or any of the transactions contemplated by this letter, please consult your own tax advisors.

 Please indicate your acceptance of the foregoing terms by signing this agreement below and
returning it to me no later than the close of business on Wednesday, May 27, 2010. If you do not timely sign and return this agreement, your Unvested Company Options will not be assumed by the Parent and will instead be cancelled at the
Effective Time without payment. You will not have any further rights with respect to or in respect of any Unvested Company Option that is so cancelled. 

 

	
	Sincerely,
	
	ASSOCIATED CONTENT INC.
	
	Craig M. Abruzzo
	Vice President and General Counsel

 Accepted and
Agreed: 
  

									
	  
	  	
	Name	  		  		  	Date	  	

 Exhibit A 

COMPANY OPTION SUMMARY 
  

											
	 Name
	  	 Date of Grant
	  	 Number of

Shares
	  	 Exercise Price
	  	 Number of

Shares Vested

as of

Anticipated

Effective Time

of June 1, 2010
	  	 Number of

Shares Unvested

as of

Anticipated

Effective Time

of June 1, 2010Form of Restricted Stock Unit Award Agreement

 Exhibit 4.3 

ASSOCIATED CONTENT INC. 

2005 STOCK INCENTIVE PLAN 

STOCK UNIT AWARD AGREEMENT 

THIS STOCK UNIT AWARD AGREEMENT (the “Agreement”), dated as of
            , 2010 (the “Date of Grant”), is made by and between Associated Content Inc., a Delaware corporation (the “Company”), and
                     (the “Grantee”). 

WHEREAS, the Company has adopted the Associated Content Inc. 2005 Stock Incentive Plan, as amended (the “Plan”),
pursuant to which the Company may grant restricted stock units (“Stock Units”); 
 WHEREAS, the Company desires
to grant to the Grantee the number of Stock Units provided for herein; 
 WHEREAS, the Company intends to enter into an
Agreement and Plan of Merger in [            ] 2010 (the “Merger Agreement”) by and among [Parent], a Delaware corporation (“Parent”), [Atlantic]
Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Parent (“Merger Sub”), the Company, and
[                    ] as representative of the Company Stockholders (as defined in the Merger Agreement), pursuant to which Merger Sub will
merge with and into the Company and the Company will become a wholly-owned subsidiary of Parent (the “Merger”). 

WHEREAS, pursuant to the Merger Agreement, the Stock Units evidenced by this Agreement will be assumed by Parent at the Effective Time,
as defined in the Merger Agreement. 
 NOW, THEREFORE, in consideration of the recitals and the mutual agreements herein
contained, the parties hereto agree as follows: 
 Section 1. Grant of Stock Unit Award 

(a) Grant of Stock Units. The Company hereby grants to the Grantee a number of Stock Units to be determined by the Company
immediately prior to the closing date of the Merger, which number will be equal to $[        ] divided by the Per Share Common Amount, as defined in the Merger Agreement, and communicated to the Grantee
as soon as reasonably practicable following the closing date of the Merger (the “Award”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. 

(b) Incorporation of Plan; Capitalized Terms. The provisions of the Plan are hereby incorporated herein by reference. Except as
otherwise expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan. The Plan
Administrator shall have final authority to interpret and construe the Plan and this Agreement and to make any and all determinations thereunder, and its decision shall be binding and conclusive upon the Grantee and his/her legal representative in
respect of any questions arising under the Plan or this Agreement. 

 Section 2. Terms and Conditions of Award 

The grant of Stock Units provided in Section 1(a) shall be subject to the following terms, conditions and restrictions: 

(a) Limitations on Rights Associated with Units. The Stock Units are bookkeeping entries only. The Grantee shall have no rights as
a stockholder of the Company, no dividend rights and no voting rights with respect to the Stock Units. 
 (b) Restrictions.
Stock Units and any interest therein, may not be sold, assigned, transferred, pledged, hypothecated or otherwise disposed of, except by will or the laws of descent and distribution, during the Restricted Unit Period (as defined below). Any
attempt to dispose of any Stock Units in contravention of the above restriction shall be null and void and without effect. 

(c) Lapse of Restrictions. Except as otherwise provided herein, one-third (1/3) of the Stock Units subject to the Award shall
vest and become non-forfeitable on each of the first, second and third anniversaries of the Date of Grant. (The period commencing on the Date of Grant and ending on the date the Stock Units vest is referred to as the “Restricted Unit
Period.”) 
 (d) Timing and Manner of Payment of Stock Units. As soon as practicable after (and in no case more
than 74 days after) the date any Stock Units subject to the Award become non-forfeitable (the “Payment Date”), such Stock Units shall be paid by the Company delivering to the Grantee, a number of shares of Common Stock
(“Shares”) equal to the number of Stock Units that become non-forfeitable upon that Payment Date. The Company shall issue the Shares either (i) in certificate form or (ii) in book entry form, registered in the name of the
Grantee. Delivery of any certificates will be made to the Grantee’s last address reflected on the books of the Company and its Subsidiaries unless the Company is otherwise instructed in writing. Neither the Grantee nor any of the Grantee’s
successors, heirs, assigns or personal representatives shall have any further rights or interests in any Stock Units that are so paid. Notwithstanding the foregoing, the Company shall have no obligation to issue Shares in payment of the Stock Units
unless such issuance and such payment shall comply with all relevant provisions of law and the requirements of any applicable securities exchange. 

(e) Termination of Employment. In the event of the termination of Grantee’s employment or service with the Company, Parent or
any Subsidiary for any reason prior to the lapsing of the restrictions in accordance with Section 2(c) hereof with respect to any of the Stock Units granted hereunder, such portion of the Stock Units held by Grantee shall be automatically
forfeited by the Grantee as of the date of termination. Neither the Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any rights or interests in any Stock Units that are so forfeited. 

 

 2 

 (f) Corporate Transactions. The following provisions shall apply to the corporate
transactions described below: 
 (i) In the event of a proposed dissolution or liquidation of the Company, the Award will
terminate and be forfeited immediately prior to the consummation of such proposed transaction, unless otherwise provided by the Plan Administrator. 

(ii) In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into
another corporation, the Award shall be assumed or substituted with an equivalent award by such successor corporation, parent or subsidiary of such successor corporation; provided that the Plan Administrator may determine, in the exercise of its
sole discretion in connection with a transaction that constitutes a permissible distribution event under Section 409A(a)(2)(v) of the Code, that in lieu of such assumption or substitution, the Award shall be vested and non-forfeitable and any
conditions or restrictions on the Award shall lapse, as to all or any part of the Award, including Stock Units as to which the Award would not otherwise be non-forfeitable. 

(g) Income Taxes. Except as provided in the next sentence, the Company shall withhold and/or reacquire a number of Shares issued
in payment of (or otherwise issuable in payment of, as the case may be) the Stock Units having a Fair Market Value equal to the taxes that the Company determines it or any Parent or Subsidiary is required to withhold under applicable tax laws with
respect to the Stock Units (with such withholding obligation determined based on any applicable minimum statutory withholding rates). In the event the Company cannot (under applicable legal, regulatory, listing or other requirements, or otherwise)
satisfy such tax withholding obligation in such method or in the event that the Stock Units are paid in cash (as opposed to Shares), the Company may satisfy such withholding by any one or combination of the following methods: (i) by requiring
the Grantee to pay such amount in cash or check; (ii) by reducing the amount of any cash otherwise payable to Grantee with respect to the Stock Units; (iii) by deducting such amount out of any other compensation otherwise payable to the
Grantee; and/or (iv) by allowing the Grantee to surrender shares of Common Stock of the Company which (a) in the case of shares initially acquired from the Company (upon exercise of a stock option or otherwise), have been owned by the
Grantee for such period (if any) as may be required to avoid a charge to the Company’s earnings, and (b) have a Fair Market Value on the date of surrender equal to the amount required to be withheld;. For these purposes, the Fair Market
Value of the Shares to be withheld or repurchased, as applicable, shall be determined on the date that the amount of tax to be withheld is to be determined. 

Section 3. Miscellaneous 

(a) Notices. Any and all notices, designations, consents, offers, acceptances and any other communications provided for herein
shall be given in writing and shall be delivered either personally or by registered or certified mail, postage prepaid, which shall be addressed, in the case of the Company to both the Chief Financial Officer and the General Counsel of the Company
at the principal office of the Company and, in the case of the Grantee, to the Grantee’s address appearing on the books of the Company or to the Grantee’s residence or to such other address as may be designated in writing by the Grantee.

 (b) No Right to Continued Employment. Nothing in the Plan or in this Agreement shall confer upon the Grantee any right
to continue in the employ of the Company, a Parent or any Subsidiary or shall interfere with or restrict in any way the right of the Company, Parent or any Subsidiary, which is hereby expressly reserved, to remove, terminate or discharge the Grantee
at any time for any reason whatsoever, with or without Cause and with or without advance notice. 
  

 3 

 (c) Bound by Plan. By signing this Agreement, the Grantee acknowledges that he/she
has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan. 

(d) Imposition of Other Requirements. If the Grantee relocates to another country after the Date of Grant, the Company reserves
the right to impose other requirements on the Grantee’s participation in the Plan, to the extent the Company determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require
the Grantee to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 (e)
Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and of the Grantee and the beneficiaries, executors, administrators, heirs and successors of the Grantee.

 (f) Invalid Provision. The invalidity or unenforceability of any particular provision thereof shall not affect the
other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision had been omitted. 

(g) Modifications. No change, modification or waiver of any provision of this Agreement shall be valid unless the same is in
writing and signed by the parties hereto. 
 (h) Entire Agreement. This Agreement and the Plan contain the entire
agreement and understanding of the parties hereto with respect to the subject matter contained herein and therein and supersede all prior communications, representations and negotiations in respect thereto. 

(i) Governing Law. This Agreement and the rights of the Grantee hereunder shall be construed and determined in accordance with the
laws of the State of Delaware. 
 (j) Headings. The headings of the Sections hereof are provided for convenience only and
are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement. 
 (k)
Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 

 

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 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto as of the
     day of         , 2010. 
  

			
	ASSOCIATED CONTENT INC.
		
	By:	 	  

			
	Its:	 	  

			
	
	[Insert Name]
		
	Signature:	 	  

			
	Printed Name:	 	  

			
	Address:

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