Document:

Amended and Restated 2011 Option Plan

 Exhibit 10.12 
 DATED 29 SEPTEMBER 2011 
 AVG Technologies N.V. 

 
  

AMENDED AND RESTATED 2011 OPTION PLAN 
  

 

 AVG TECHNOLOGIES N.V. 

AMENDED AND RESTATED 2011 OPTION PLAN 
 (As adopted 8 June 2009 and as amended and restated on 29 September 2011) 

This Option Plan is designed in order to grant options on ordinary C shares in the capital of AVG Technologies N.V. to certain employees of, or other
persons having business relationships with, AVG Technologies N.V. and its Subsidiaries. 
 This Option Plan was initially approved and adopted
by the General Meeting of Shareholders on 8 June 2009 and was subsequently amended and restated effective on the following dates: (i) 1 October 2009; (ii) 30 June 2010; (iii) 11 March 2011; and
(iv) 29 September 2011. The last amendment and restatement was pursuant to a resolution of the Supervisory Board dated 29 September 2011. 
  

	1.	Definitions 

 The following terms apply:

  

			
	Administrator	  	means the Supervisory Board, a committee of the Supervisory Board or a third party designated at the discretion of the Supervisory Board to administer this Option
Plan.
		
	AVG Holding	  	AVG Holding Coöperatief U.A., a cooperative with excluded liability (coöperatie met uitgesloten aansprakelijkheid) incorporated under the laws of the Netherlands,
having its seat at Amsterdam, the Netherlands, its registered office at Koningslaan 17, 1075 AA Amsterdam, the Netherlands, and registered with the commercial register of the Chamber of Commerce (Kamer van Koophandel) for Amsterdam under
number 34164651.
		
	AVG Business	  	means the business of the Company and its Subsidiaries.
		
	Class D Shares	  	means the D shares, par value EUR 0.01, of the Company.
		
	Class D Conversion Resolution	  	means the resolution of the General Meeting of Shareholders adopted on or about 30 September 2009 describing the terms and conditions upon which Class D Shares may be converted into
ordinary shares of the

  
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		  	Company.
		
	Company	  	means AVG Technologies N.V., a limited liability company, incorporated under the laws of the Netherlands, having its seat at Amsterdam, the Netherlands, having its registered office
at Claude Debussylaan 46, 1082 MD Amsterdam, the Netherlands, and registered with the commercial register of the Chamber of Commerce (Kamer van Koophandel) for Amsterdam under number 34231583.
		
	Credit Agreement	  	means the agreement regarding the senior secured first lien term loans in an aggregate principal amount of up to US$235,000,000 entered into by inter alia the Company and AVG
Holding as borrowers and joint and several guarantors, on 15 March 2011, following the declaration of a dividend distribution in the amount of US$40,000,000 by the General Meeting of Shareholders on 11 March 2011, which dividend distribution
shall be deemed to constitute a part of the transactions executed and implemented in relation to the entry by the Company and AVG Holding into aforementioned agreement of 15 March 2011.
		
	Date of Grant	  	means the date when an Option is granted hereunder or, if so provided in the Option Agreement, the date when the grant becomes unconditional. For Options granted in fulfillment of
certain binding promises made prior to the adoption of this Option Plan, the Date of Grant shall be the date of such earlier promises, as determined in good faith by the Supervisory Board and in accordance with Dutch law.
		
	Designated Person	  	means a (legal) person designated by the Supervisory Board.
		
	Fair Market Value	  	means:
		
		  	 a.       prior to a Listing, but subject to the provisions of Article 9.2: the fair market
value of the Shares as determined by the Supervisory Board, acting in good faith, on the basis of an appropriate (as determined by the Supervisory Board acting in good faith) multiple of the Company’s profits as shown on the Company’s most
recently available audited consolidated financial statements at the date as of

  
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		  	 which Fair Market Value is being determined;

 

b.       after a Listing: (i) the closing price of the Shares on the Date of
Grant; or (ii) the average selling price of the Shares, during the 30 days immediately preceding the date as of which Fair Market Value is being determined, on the principal securities exchange where the Shares are traded, as determined by the
Supervisory Board, acting in good faith (or if, as of the date when the Fair Market Value of the Shares must be determined, the Shares have not been listed on any securities exchange for 30 days, the average closing price of the Shares on the
principal securities exchange where the Shares are traded, as determined by the Supervisory Board acting in good faith, during such shorter period as the Supervisory Board acting in good faith deems appropriate). With respect to Options granted to
Nominees who are subject to taxation in the United States the Administrator must designate the Nominee who is the recipient of the Option, the number of Shares subject to the Option and the method described in this part b(ii) as the method for
determining the Fair Market Value of the Shares for purposes of setting the Option price of the Option, all in advance of the first day of the applicable 30-day period. For this purpose “average selling price” refers to the arithmetic mean
of such selling price on all trading days during the applicable 30-day period, or the average of such selling prices over the applicable 30-day period weighted based on the volume of trading of the Shares on each trading day during the applicable
30-day period.
  

c.       if so determined in any Option Agreement, in respect of Options which
only become unconditional upon the closing of a Listing: the initial price at which the Shares are offered to the public in the Listing.

		
	General Meeting of Shareholders	  	means the general meeting of shareholders (algemene vergadering van aandeelhouders) of the Company.

  
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	Listing	  	means the admission of Shares to trade on a regulated market or a multilateral trading facility as defined in article 1.1 of the Dutch Financial Supervision Act (Wet op het
Financieel Toezicht) or any similar public market on which the Shares will be traded.
		
	Liquidity Event	  	 means:
  

(a)     a purchase by a third party of all or substantially all of the AVG Business;
or
  

(b)     a purchase by a third party of (i) more than 50% of the Company’s issued
and outstanding shares and/or (ii) all or substantially all of the shares of all Subsidiaries.

		
	Nominee	  	means (i) an employee, manager or consultant of the Company or one of its Subsidiaries or (ii) an individual, otherwise having a business relationship with the Company or its
Subsidiaries, as approved by the Supervisory Board.
		
	Option Agreement	  	means an agreement between a Nominee and the Company in relation to the grant of Options.
		
	Option Plan	  	means this Amended and Restated AVG Technologies N.V. 2011 Option Plan, as amended from time to time.
		
	Option Price	  	means the exercise price of Options as laid down in the relevant Option Agreement.
		
	Optionee	  	means a Nominee who has accepted Options offered under an Option Agreement.
		
	Options	  	means options on Shares that are subject to the terms of the Option Plan.
		
	Shareholders Agreement	  	means the amended and restated agreement regarding the shareholding in the Company’s capital entered into among the Company’s shareholders on or about 30 September 2009,
as further amended or restated from time to time.

  
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	Shares	  	means ordinary C shares in the capital of the Company and after a Listing such shares as result from a conversion of the ordinary C shares in connection with such
Listing.
		
	Start Date	  	means the date from which vesting of Options granted hereunder commences.
		
	Subsidiaries	  	means any subsidiary (dochtermaatschappij: within the meaning of section 2:24a of the Dutch Civil Code) of the Company. For purposes of granting Options to Optionees subject
to tax in the United States, a entity may not be considered a Subsidiary if granting such stock right would result in the stock right becoming subject to Section 409A of the U.S. Internal Revenue Code.
		
	Supervisory Board	  	means the supervisory board of the Company.
		
	Termination for Cause	  	means termination of the employment, management, consultancy and/or other relevant business relationship, of an Optionee with the Company or a Subsidiary resulting from dishonesty,
fraud, willful misfeasance, gross negligence or other gross misconduct, in each case relating to the Optionee’s employment, management and/or consultancy agreement or other relevant business relationship with the Company or any
Subsidiary.
		
	Termination of Employment Event	  	means the termination of the employment, management and/or consultancy agreement, or other relevant business relationship, between an Optionee and the Company or any Subsidiary for
any reason, including but not limited to the death of an Optionee.
		
	Termination Without Cause	  	means the occurrence of a Termination of Employment Event with respect to an Optionee that is not a Termination for Cause of such Optionee’s employment, management and/or
consultancy agreement, or other relevant business relationship with the Company or a Subsidiary.

  

	2.	Duration 

  

	2.1	The Option Plan applies to all Nominees. 

  
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	2.2	Unless extended by the General Meeting of Shareholders, this Option Plan shall be effective for a period of ten (10) years from the date of initial adoption
thereof by the General Meeting of Shareholders as set forth above; provided that Options granted during the term of this Option Plan shall continue to vest and be exercisable as set forth in the relevant Option Agreement after the expiration of such
10-year term. 

  

	3.	Purpose of the Option Plan 

The purpose of the Option Plan is to provide Nominees with an opportunity to participate directly in the growth of the value of the
Company by receiving Options for Shares. 
  

	4.	Administration of the Option Plan 

  

	4.1	The Option Plan shall be administered by the Supervisory Board, a committee of the Supervisory Board or a third party designated at the discretion of the Supervisory
Board. Such designation can at all times be revoked by the Supervisory Board. 

  

	4.2	The Administrator shall be authorized to take all actions required or advisable for the administration and proper implementation of the Option Plan.

  

	4.3	The Administrator shall be authorized: 

  

	 	(i)	to interpret the Option Plan; 

  

	 	(ii)	to authorize the Company to enter into Option Agreements with Nominees; and 

 

	 	(iii)	to make all other decisions necessary or advisable to enable the administration and proper implementation of the Option Plan. 

 

	5.	Grant of Options 

  

	5.1	The total number of Shares in respect of which Options may be granted under the Option Plan shall not exceed 5,509,948 Shares. Shares in respect of which Options are
granted will again be available for the grant by the Supervisory Board of Options hereunder to the extent that the relevant Options lapse or are forfeited, without having been exercised in full subject to the provisions of this Option Plan and the
decision of the Supervisory Board as to the terms and conditions of such new grants of Options. 

  
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 Options can only be granted to members of the management board of the Company and the
Supervisory Board after prior approval of the General Meeting of Shareholders to the extent required under Dutch law. 
  

	5.2	Prior to the occurrence of a Listing, unless the Supervisory Board otherwise determines, Options may only be granted during the period between March 1 and
March 31, and the period between September 1 and September 30, of each year. After a Listing, unless the Supervisory Board otherwise determines, Options may only be granted during such fixed periods of each year as shall be determined
by the Supervisory Board in advance, in compliance with applicable Dutch law or other insider trading rules and any relevant rules of the exchange upon which the Shares are Listed. 

 

	6.	Price 

 An Optionee is not
under any obligation to pay any amount to the Company in respect of the grant of Options. Subject to the provisions of Articles 8.4 and 9.2, an Optionee is obliged to pay the Option Price upon exercise as laid down in the Option Agreement.

  

	7.	Transfer and Vesting of Options 

  

	7.1	Except as provided for under the Option Plan, the Options may not be sold, assigned, transferred, pledged, mortgaged or otherwise disposed of, unless otherwise agreed
by the Supervisory Board. The aforementioned prohibition does not apply to the transmission of vested Options to the heirs of an Optionee, subject to the terms of the relevant Option Agreement and the terms of the Shareholders Agreement.

  

	7.2	The Option Agreement shall contain a vesting schedule relating to each Option. Unless otherwise determined by the Supervisory Board at the time the Option is granted,
each Option will vest (i.e., such Option will actually become exercisable) over a period of 4 years, whereby 25% of the Options will vest on the first anniversary of the Start Date and the remaining 75% of the Options will thereafter vest
quarterly, in equal portions during the following 12 quarters. No Options may be exercised more than 10 years from the Start Date, unless the vesting is postponed pursuant to the terms of the relevant Option Agreement. If the vesting of Options for
any year is postponed, the 10-year exercise period shall be extended once by a maximum period of one year. 

  

	7.3	 The exercisability of Options may in the sole discretion of the Supervisory Board be made subject to satisfaction of financial performance criteria
relating to the earnings, revenues, profits or other 

  
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results of the Company and/or the Subsidiaries and/or other financial criteria. Such financial performance or other financial criteria contained in any Option Agreement may be waived by the
Supervisory Board in its sole discretion, in whole or in part, as to some or all Options thereunder. 

  

	7.4	The Options that have not vested in accordance with the vesting scheme as laid down in the Option Agreement are, unless otherwise agreed by the Supervisory Board,
forfeited upon: 

  

	 	(i)	a moratorium of payments, bankruptcy, debt restructuring (schuldsanering) or similar proceedings being imposed on an Optionee; or the appointment of a guardian
by a court (onder curatelestelling) or curator in bankruptcy over an Optionee; or 

  

	 	(ii)	the occurrence of a Termination of Employment Event with respect to such Optionee. 

 

	7.5	Upon the occurrence of a Termination of Employment Event with respect to an Optionee the Optionee’s vested Options shall terminate or continue to be exercisable as
set forth below: 

  

	 	(i)	In case of Termination for Cause of an Optionee’s employment, management, consultancy or other relevant business relationship with the Company or a Subsidiary,
both the Options of such Optionee that have vested (to the extent not exercised) and the Options of such Optionee that have not vested shall be forfeited at the moment of Termination for Cause, unless agreed otherwise by the Supervisory Board.

  

	 	(ii)	In the case of a Termination Without Cause of an Optionee’s employment, management, consultancy or other business relationship with the Company or a Subsidiary,
such Optionee may continue to exercise such Optionee’s vested Options as follows: 

  

	 	(A)	Prior to a Listing such Optionee’s vested Options may, unless the Supervisory Board otherwise agrees, be exercised only upon occurrence of a Liquidity Event as
provided in Article 9.2 or within the 90-day period immediately prior to expiration of the relevant Option, as set forth in Article 9.1. 

  

	 	(B)	 After a Listing, Options that are vested as of the date of closing of the Listing and that are held by Optionees with respect to whom a Termination
Without Cause has occurred prior to the closing of the Listing may, unless the Supervisory Board otherwise agrees, be exercised only during the 90-day period following the date of closing of the Listing. If such Options are not exercised within such
90-

  
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day period, such Options will, unless the Supervisory Board otherwise agrees, be forfeited. 

  

	 	(C)	Options held by Optionees with respect to whom a Termination Without Cause occurs after the closing of a Listing must be exercised within 90 days after the date of such
Termination Without Cause, unless the Supervisory Board otherwise agrees. If such Options are not exercised within such 90-day period, such Options will, unless the Supervisory Board otherwise agrees, be forfeited. 

 

	7.6	An Optionee incurs no right whatsoever to damages in respect of the lapse, annulment or the forfeiture of any Option pursuant to this Option Plan.

  

	7.7	Prior to a Listing all Optionees shall be required to become parties to the Shareholders Agreement upon exercise of their Options. 

 

	7.8	The Option Price may not be less than 90% of the Fair Market Value of a Share as of the Date of Grant, unless the Supervisory Board otherwise determines; provided,
however, that the Option Price may not be less than 100% of the Fair Market Value of a Share as of the Date of Grant with respect to Options granted to Optionees who are subject to taxation in the United States. 

 

	8.	Exercise of Options 

  

	8.1	After a Listing, all Options that have been granted under the Option Plan can be exercised, provided that they have vested in accordance with the relevant Option
Agreement, and have not been forfeited. Prior to a Listing, unless the Supervisory Board otherwise agrees, Options may only be exercised upon the occurrence of a Liquidity Event as provided in Article 9.2 or within the 90-day period immediately
prior to expiration of the relevant Option, as set forth in Article 9.1. 

  

	8.2	An Optionee is required to notify the Administrator in writing of the exercise of Options. Options to the extent vested and exercisable can be exercised partially or
all at once. An Optionee shall not be entitled to any fractional Shares upon exercise of an Option. If any exercise of an Option would but for the provisions of the preceding sentence result in the issuance of fractional Shares, the number of Shares
issued upon such exercise shall be rounded down to the nearest whole number. 

  
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	8.3	Within one (1) month after written notice by an Optionee of his exercise of Options the Shares in respect of which the Option has been exercised will be issued or
transferred to the Optionee, against prior payment of the Option Price in cash or in such other manner as is agreed by the Administrator or as is set forth herein. Subject to the provisions of Articles 8.4 and 9.2, no Shares will be issued or
transferred to the Optionee as long as the Optionee has not paid the Option Price to the Company in full by wire transfer of immediately available funds to a bank account of the Company designated by the Company. 

 

	8.4	At the sole discretion of the Administrator, the Company may settle its obligation to deliver Shares to an Optionee pursuant to this Option Plan or an Option Agreement
by paying to the Optionee cash equal to the Fair Market Value of the Shares issuable upon exercise of the Options less the applicable Option Price for such Shares. After the occurrence of a Termination of Employment Event with respect to an
Optionee, then unless the Optionee otherwise chooses all vested Options (to the extent not forfeited) shall after a Listing be settled in the manner specified in the preceding sentence. The payment to be made to an Optionee upon settlement after a
Listing of Options by payment of cash pursuant to the preceding sentence shall be made by the Company within 120 days after exercise by the relevant Optionee of the Options. 

 

	8.5	All the provisions in this Option Plan relating to exercise of Options are subject to restrictions regarding the exercise of options laid down in any applicable law.

  

	8.6	Subject to Article 13 and except as provided below, the Option Price in respect of any Options granted hereunder shall upon exercise of such Options be reduced by the
hypothetical amount of dividends (including ordinary dividends) or other distributions that would have been payable on the Shares in respect of which the Option is exercised if such Shares had been issued to the relevant Optionee immediately after
the Options with respect to such Shares first vested. Notwithstanding the foregoing, in respect of any Option granted to an Optionee who is subject to taxation in the United States, the Option Price shall not be reduced by the hypothetical amount of
ordinary dividends and any adjustment with respect to extraordinary dividends or other distributions shall not be made contingent on the exercise of the Option. The Option Price shall not in any event be reduced below EUR 0.01 per Share as a
result of the operation of this Article 8.6. 

  
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	9.	Exercise of Options Prior to Listing; Acceleration of Options upon Liquidity Event 

 

	9.1	Prior to a Listing, unless the Supervisory Board otherwise agrees, Options may only be exercised (i) substantially simultaneously with the occurrence of a
Liquidity Event, in the manner specified in Article 9.2 or (ii) within the 90-day period immediately preceding the expiration of the relevant Option. The Company shall notify the Optionee of the occurrence of a Liquidity Event.

  

	9.2	Upon occurrence of a Liquidity Event prior to a Listing, then, unless the Supervisory Board otherwise agrees, in lieu of allowing Optionees to actually exercise their
Options, the Supervisory Board shall require each Optionee to sell and transfer all vested (and non-forfeited) Options to the Company or to a Designated Person (who may be the purchaser in a Liquidity Event). The Optionee and the Company or, as the
case may be, a Designated Person, will enter into a deed of transfer pursuant to which the vested Options will be transferred to the Designated Person or the Company substantially simultaneously with the occurrence of the Liquidity Event. The
purchase price of the vested Options payable by the Company or the Designated Person in such event shall be equal to the difference between (i) the Fair Market Value as of the time of transfer of the Shares issuable upon exercise of all vested
Options of such relevant Optionee and (ii) the aggregate Option Price for such Shares. For purposes of this Article 9.2 the Fair Market Value of the Shares shall be equal to the price paid by the purchaser in the Liquidity Event for the other
shares of the Company (other than unvested shares issued pursuant to subscription agreements providing for forfeiture of unvested shares), or the substantial economic equivalent thereof as determined by the Supervisory Board acting in good faith.
Where a Liquidity Event consists of a sale of less than all of the Company’s issued and outstanding shares, the Optionees shall only be entitled to require the transfer to the purchaser in the Liquidity Event pursuant to this Article 9.2
of the same proportion of their Options as the proportion of the issued and outstanding shares of the Company that are being transferred to the purchaser in the Liquidity Event by the shareholders of the Company, without prejudice to the right of
the Supervisory Board, if the Supervisory Board so elects, to require any Optionee to transfer up to 100% of such Optionee’s vested (and non-forfeited) Options to the Company or a Designated Person as set forth in the first sentence of this
Article 9.2. 

  

	9.3	 Upon the occurrence of a Liquidity Event, the Supervisory Board may in its sole discretion declare that (i) the Options of one or more Optionees
vest immediately and are therefore immediately exercisable and the vesting schedule as set forth in the relevant Option Agreements shall not be applicable and/or (ii) Options that have not vested as of the date of the relevant

  
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Liquidity Event shall cease to be exercisable after the occurrence of the relevant Liquidity Event and are thus forfeited. 

 

	9.4	With due observance of the provisions of the Shareholders Agreement, this Article 9 will, prior to the occurrence of a Listing, also apply to the Shares issued
upon exercise of an Option, to the extent such exercise is permitted hereunder. In the case of a transfer of Shares in connection with a Liquidity Event the price payable for the Shares shall be equal to the price paid by the purchaser in the
Liquidity Event for the other shares of the Company (other than unvested shares issued pursuant to subscription agreements providing for forfeiture of unvested shares) or the substantial economic equivalent thereof as determined by the Supervisory
Board acting in good faith. 

  

	9.5	Each Optionee hereby, to the exclusion of all other persons, grants an irrevocable power of attorney (onherroepelijke privatieve volmacht) to the Company to
effect all transfers of Shares and Options required to be effected by such Optionee pursuant to this Article 9. 

  

	9.6	After a Listing, transferability of Shares issued under this Option Plan may, for a period not exceeding one year from the date of closing of the Listing, be made
subject to such restrictions as the Supervisory Board, or the underwriters in the Listing acting with the approval of the Supervisory Board, may deem appropriate. 

 

	10.	Taxes 

  

	10.1	The Company and/or its Subsidiaries shall have the right to withhold from any salary, severance or other amounts payable by the Company or a Subsidiary to an Optionee,
or to otherwise require payment by the Optionee of, any taxes and/or social security contributions payable by the Optionee in connection with his participation in the Option Plan as well as any taxes and/or social security contributions payable by
the Optionee in connection with any exercise of Options. 

  

	10.2	An Optionee is and remains at all times fully responsible for the payment of any taxes and/or social security contributions payable by the Optionee in connection with
his or her participation in the Option Plan. 

  

	11.	No employment condition 

The participation of an Optionee in the Option Plan does not constitute remuneration for any employment activity. The Options are not part
of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, redundancy, 

  
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and/or service payments, bonuses, long service awards, pension or retirement benefits or similar payments. 
  

	12.	Anti-dilution adjustment 

Subject to the provisions of Article 13 and to any required action by the General Meeting of Shareholders and other corporate bodies of
the Company, the number and type of Shares corresponding with and covered by each outstanding Option, as well as the price per Share corresponding with and covered by each such outstanding Option, and the total number and type of Shares issuable
under this Option Plan, shall be proportionally adjusted in such manner as the Supervisory Board acting in good faith shall deem appropriate for (a) any increase or decrease in the number of issued shares of the Company resulting from a stock
split, reverse stock split, stock dividend, combination, or reclassification of shares, or any other increase or decrease in the number of issued shares of the Company effected without receipt of cash consideration by the Company (including
proportionate issuances of shares to all holders of shares of the Company by way of conversion of share premium) or (b) the occurrence of any other event which in the good faith judgment of the Supervisory Board has substantially the same
economic effect as any of the events described in clause (a) of this sentence. Such adjustment shall be made by the Supervisory Board, whose determination in that respect shall be final, binding, and conclusive. Except as expressly provided in
this Article 12, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an
Option, unless otherwise determined by the Supervisory Board. 
  

	13.	No-Adjustment 

 Unless the
Supervisory Board otherwise agrees, neither the Option Price nor the number of Options held by any Optionee shall be adjusted as a result of: 
  

	 	(i)	the payment of any preferred dividend on the Class D Shares, or any change in the rate at which Class D Shares are convertible into shares of any other class of the
Company, or any other payment made by the Company solely to the holders of Class D Shares pursuant to the articles of association of the Company or the Class D Conversion Resolution or both; and/or 

  
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	 	(ii)	the payment of any loans, share premium, dividends or other distributions by the Company to AVG Holding for the purpose of performing any of the Company’s and/or
AVG Holding’s obligations under or in relation to the Credit Agreement, save for the Option Price reduction offered to Optionees subject to Article 12 and in connection with the entry into the Credit Agreement itself and the execution and
implementation of the transactions and payments in relation thereto. 

  

	14.	Confidentiality 

 By
executing an Option Agreement, the Optionee accepts an obligation not to disclose any information regarding the Option Plan, or any information in connection therewith, unless such Optionee is legally obliged to disclose such information by law or
stock exchange regulations. 
  

	15.	Governing Law 

  

	15.1	This Option Plan is governed by the laws of the Netherlands. 

  

	15.2	All disputes relating to this Option Plan or agreements based on or pursuant to this Option Plan shall be submitted exclusively to the competent court of law in
Amsterdam, the Netherlands. 

  

	16.	Amendment and Revocation 

  

	16.1	The Supervisory Board shall have the right to alter, amend or terminate the Option Plan or any part thereof at any time and from time to time, provided, however, that
no such alteration or amendment shall adversely affect the rights relating to any Options granted or Shares acquired upon exercise of Options prior to that time, unless required pursuant to Article 16.2 and further provided that any increase in the
number of Shares issuable hereunder shall require the approval of the General Meeting of Shareholders or other body then authorized to issue Shares pursuant to the Articles of Association of the Company. 

 

	16.2	The Supervisory Board has the authority to take any action consistent with the terms of the Option Plan, which it deems necessary or advisable to comply with any laws
or regulatory requirements, including but not limited to, modifying or amending the terms and conditions governing Option Agreements, or establishing any local country plans as sub-plans to this Option Plan. 

  
 15Form of Indemnification Agreement

 EXHIBIT 10.13 
 FORM OF DIRECTOR INDEMNIFICATION AGREEMENT 
 THIS DIRECTOR INDEMNIFICATION
AGREEMENT (the “Agreement”) is made and entered into as of [date] between AVG Technologies N.V., a public limited liability company incorporated under the laws of the Netherlands (the “Company”), and
[name supervisory director] (“Indemnitee”). 
 WITNESSETH THAT: 

WHEREAS, highly competent persons have become more reluctant to serve corporations as directors or in other capacities unless they are
provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation; 

WHEREAS, the Management Board of the Company (the “Management Board”) and the Supervisory Board of the Company (the
“Board”) has determined that, in order to attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its
subsidiaries from certain liabilities. Although the furnishing of such insurance has been a customary and widespread practice among corporations and other business enterprises, the Company believes that, given current market conditions and trends,
such insurance may be available to it in the future only at higher premiums and with more exclusions. At the same time, directors, officers, and other persons in service to corporations or business enterprises are being increasingly subjected to
expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself; 

WHEREAS, the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
such persons; 
 WHEREAS, the Board has determined that the increased difficulty in attracting and retaining such persons is
detrimental to the best interests of the Company’s stockholders and other stakeholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, and to advance expenses
on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so indemnified; and 

WHEREAS, Indemnitee does not regard the protection available under the Company’s insurance as adequate in the present
circumstances, and may not be willing to continue to serve as member of the Board, the Management Board or in any other capacity without adequate protection, and the Company desires Indemnitee to serve in such capacity. Indemnitee is willing to
serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that he be so indemnified. 

 NOW, THEREFORE, in consideration of Indemnitee’s agreement to serve as a member of the
Board from and after the date hereof, the parties hereto agree as follows: 
 1. Indemnification of
Indemnitee. The Company hereby agrees to hold harmless and indemnify Indemnitee to the fullest extent permitted by law, as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the
generality thereof: 
 (a) Proceedings Other Than Proceedings by or in the Right of the Company.
Indemnitee shall be entitled to the rights of indemnification provided in this Section l(a) if, by reason of his Corporate Status (as hereinafter defined), the Indemnitee is, or is threatened to be made, a party to or participant in any
Proceeding (as hereinafter defined) other than a Proceeding by or in the right of the Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified against all Expenses (as hereinafter defined), judgments, penalties, fines and
amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with such Proceeding or any claim, issue or matter therein, if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed
to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding, had no reasonable cause to believe the Indemnitee’s conduct was unlawful. 

(b) Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification
provided in this Section 1(b) if, by reason of his Corporate Status, the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought by or in the right of the Company. Pursuant to this
Section 1(b), Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee, or on the Indemnitee’s behalf, in connection with such Proceeding if the Indemnitee acted in good faith and in a
manner the Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided, however, if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue or matter
in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Company unless and to the extent that the appropriate court of the Netherlands shall determine that such indemnification may be made. 

(c) Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision
of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, he shall be indemnified to the maximum extent permitted by law, as such may be
amended from time to time, against all Expenses actually and reasonably incurred by or on his behalf in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more
but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or
matter. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

  
 2 

 2. Additional Indemnity. In addition to, and without regard to any
limitations on, the indemnification provided for in Section 1 of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by him or on his behalf if, by reason of his Corporate Status, he is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of the Company). The only
limitation that shall exist upon the Company’s obligations pursuant to this Agreement shall be that the Company shall not be obligated to make any payment to Indemnitee that is finally determined (under the procedures, and subject to the
presumptions, set forth in Sections 6 and 11 hereof) to be unlawful. 
 3. Contribution.

 (a) Whether or not the indemnification provided in Sections 1 and 2 hereof is available, in
respect of any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall pay, in the first instance, the entire
amount of any judgment or settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company
shall not enter into any settlement of any action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement provides for a full and final release of
all claims asserted against Indemnitee. 
 (b) Without diminishing or impairing the obligations of the Company
set forth in the preceding subparagraph, if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or proceeding in which the Company is
jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and reasonably incurred and paid or payable
by Indemnitee in proportion to the relative benefits received by the Company and all Management Board members, Board members, officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be
if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative
benefit may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all Management Board members, Board members, officers, directors or employees of the Company other than Indemnitee who
are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such expenses, judgments, fines or settlement amounts,
as well as any other equitable considerations which the Law may require to be considered. The relative fault of the Company and all Management Board members, Board members, officers, directors or employees of the Company, other than Indemnitee, who
are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were
motivated by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their conduct is active or passive. 

  
 3 

 (c) The Company hereby agrees to fully indemnify and hold Indemnitee
harmless from any claims of contribution which may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee. 

(d) To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is
unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in
settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect
(i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and
agents) and Indemnitee in connection with such event(s) and/or transaction(s). 
 4. Indemnification for
Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness, or is made (or asked) to respond to discovery requests, in any Proceeding to which
Indemnitee is not a party, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 
 5. Advancement of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance all Expenses incurred by or on behalf of Indemnitee in connection with any Proceeding by
reason of Indemnitee’s Corporate Status within ten (10) days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition
of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied by a written undertaking by or on behalf of Indemnitee to repay any Expenses advanced if
it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and undertakings to repay pursuant to this Section 5 shall be unsecured and interest free. 

6. Procedures and Presumptions. It is the intent of this Agreement to secure for Indemnitee rights of indemnity
that are as favorable as may be permitted under the laws of the Netherlands and public policy of the Netherlands. Accordingly, the parties agree that the following procedures and presumptions shall apply to claims by Indemnitee for indemnification
under this Agreement: 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the
Company a written request, including therein or therewith such relevant documentation and information as is reasonably available to Indemnitee. Any payment for indemnification requested by the Indemnitee hereunder shall be made no later than ten
(10) days after receipt of the written request of the Indemnitee; provided, however, that the written request of the Indemnitee shall constitute an undertaking providing that the Indemnitee undertakes to the fullest extent required by law to
repay any indemnification payment if and to the extent that it is ultimately determined by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified by the Company. 

  
 4 

 (b) In any determination with respect to entitlement to indemnification
hereunder, the person or persons or entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of
persuasion by clear and convincing evidence. 
 (c) Indemnitee shall be deemed to have acted in good faith if
Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise (as hereinafter defined) in the course of their
duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with reasonable care by the
Enterprise. In addition, the knowledge and/or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.
Whether or not the foregoing provisions of this Section 6(c) are satisfied, it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 

(d) The Company acknowledges that a settlement or other disposition short of final judgment may be successful if it
permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any action, claim or proceeding to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee
(including, without limitation, settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits or otherwise in such action, suit or
proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. 
 (e) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as
otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not
opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 

7. Non-Exclusivity; Survival of Rights; Insurance; Primacy of Indemnification; Subrogation. 

(a) The rights of indemnification as provided by this Agreement shall not be deemed exclusive of any other rights to which
Indemnitee may at any time be entitled under applicable law, any agreement, a vote of stockholders, a resolution of directors or otherwise, of the Company. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit
or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in the laws of the Netherlands,
whether by 

  
 5 

 
statute or judicial decision, permits greater indemnification than would be afforded currently under this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this
Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.

 (b) To the extent that the Company maintains an insurance policy or policies providing liability insurance for
Management Board members, Board members, directors, officers, employees, or agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person serves at the
request of the Company, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any director, officer, employee, agent or fiduciary under such policy or
policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such proceeding to the
insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such
proceeding in accordance with the terms of such policies. 
 (c) In the event of any payment under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents
as are necessary to enable the Company to bring suit to enforce such rights. 
 (d) The Company shall not be
liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise. 

(e) The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the
request of the Company as a management board member, supervisory board member, director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise shall be reduced by any amount
Indemnitee has actually received as indemnification or advancement of expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise. 

  
 6 

 8. Exception to Right of Indemnification. Notwithstanding any
provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnity in connection with any claim made against Indemnitee: 
 (a) for which it has been established by a competent court in a final and conclusive decision that such claim results from willful (opzettelijk), intentionally reckless (bewust roekeloos) or
seriously culpable (ernstig verwijtbaar) conduct by the Indemnitee; or 
 (b) for which payment has
actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or 

(c) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the
Company within the meaning of Section 16(b) of the Securities Exchange Act of 1934, as amended, or similar provisions of federal, state, provincial or local statutory law or common law; or 

(d) in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding
(or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or
(ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law. 
 9. Duration of Agreement. This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as a Board
member, (b) one (1) year after the final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding commenced by
Indemnitee pursuant to Section 11 of this Agreement relating thereto or (c) three (3) years after the date on which the Company is declared bankrupt. This Agreement shall be binding upon the Company and its successors and
assigns and shall inure to the benefit of Indemnitee and his heirs, executors and administrators. The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially
all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that
the Company would be required to perform if no such succession had taken place. 
 10. Security. To the
extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other
collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of the Indemnitee. 
 11. Enforcement and Remedies of Indemnitee. 
 (a) The
Company expressly confirms and agrees that it has entered into this Agreement and assumes the obligations imposed on it hereby in order to induce Indemnitee to serve as a Board member, and the Company acknowledges that Indemnitee is relying upon
this Agreement in serving as a Board member. 

  
 7 

 (b) In the event that advancement of Expenses or payment of any claim for
indemnification is not made pursuant to this Agreement within ten (10) days after receipt by the Company of a written request from Indemnitee therefor, Indemnitee shall be entitled to an adjudication in an appropriate court of the Netherlands,
or in any other court of competent jurisdiction, of Indemnitee’s entitlement to such indemnification. The Company shall not oppose Indemnitee’s right to seek any such adjudication. 

(c) The Company shall be precluded from asserting in any Proceeding commenced pursuant to this Section 11 that
the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and
all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefor) advance, to the extent not prohibited by law, such Expenses to Indemnitee, which are incurred by Indemnitee in
connection with any action brought by Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of
whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be. 
 (d) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied,
between the parties hereto with respect to the subject matter hereof. 
 12. Definitions. For purposes of
this Agreement: 
 (a) “Corporate Status” describes the status of a person who is or was a
Management Board member, Board member, director, officer, employee, agent or fiduciary of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving at the
express request of the Company. 
 (b) “Enterprise” shall mean the Company and any other
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was serving at the express request of the Company as a Management Board member, Board member, director, officer, employee, agent or
fiduciary. 
 (c) “Expenses” shall include all reasonable attorneys’ fees, retainers, court
costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements or expenses of the types customarily incurred in
connection with prosecuting, defending, preparing to prosecute or defend, investigating, participating, or being or preparing to be a witness in, a Proceeding, or responding to, or objecting to, a request to provide discovery in any Proceeding.
Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding and any federal, state, local or foreign taxes imposed on the Indemnitee as a result of the actual or deemed receipt of any payments under this
Agreement, including without limitation the premium, security for, and other costs relating to any cost bond, supersede as bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in settlement by Indemnitee or
the amount of judgments or fines against Indemnitee. 

  
 8 

 (d) “Proceeding” includes any actual, threatened, pending
or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened, pending or completed proceeding, whether brought by or in the right of the Company or
otherwise and whether civil, criminal, administrative or investigative, in which Indemnitee was, is or will be involved as a party or otherwise, by reason of the fact that Indemnitee is or was a Board member, by reason of any action taken by him or
of any inaction on his part while acting as a Board member, or by reason of the fact that he is or was serving at the request of the Company as a management board member, supervisory board member, director, officer, employee, agent or fiduciary of
another corporation, partnership, joint venture, trust or other Enterprise; in each case whether or not he is acting or serving in any such capacity at the time any liability or expense is incurred for which indemnification can be provided under
this Agreement; including one pending on or before the date of this Agreement, but excluding one initiated by an Indemnitee pursuant to Section 11 of this Agreement to enforce his rights under this Agreement. 

13. Severability. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or
enforceability of any other provision. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the fullest extent permitted by applicable laws. In the event any provision
hereof conflicts with any applicable law, such provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict. 

14. Modification and Waiver. No supplement, modification, waiver, termination or amendment of this Agreement shall
be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver. 
 15. Notice By Indemnitee. Indemnitee agrees promptly to notify the
Company in writing upon being served with or otherwise receiving any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification covered hereunder.
The failure to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially prejudices the Company.

 16. Notices. All notices and other communications given or made pursuant to this Agreement shall be in
writing and shall be deemed effectively given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient, and if not so confirmed,
then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt. All communications shall be sent: 
 (a) If
to Indemnitee, at the address set forth below Indemnitee’s signature hereto. 

  
 9 

 (b) If to the Company, at: 

AVG Technologies N.V. 
 Claude Debussylaan 46 
 1082 MD Amsterdam, The Netherlands

 Attention: CEO 
 or to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 

17. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. 
 18. Headings. The headings of the paragraphs of
this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 
 19. Governing Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the
Netherlands, without regard to its conflict of laws rules. The Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in
the appropriate court of the Netherlands (the “Netherlands Court”), and not in any state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction
of the Netherlands Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Netherlands Court, and
(iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Netherlands Court has been brought in an improper or inconvenient forum. 

[SIGNATURE PAGE TO FOLLOW] 

  
 10 

 IN WITNESS WHEREOF, the parties hereto have executed this Director Indemnification Agreement
on and as of the day and year first above written. 
  

					
	COMPANY
		
	By: 	 	 
		 	Name:	 	 
		 	Title:	 	 

  

			
	INDEMNITEE
	
	 
	Name:	 	 

 
			
		
	Address:	 	
	
	 
	
	 
	
	 
	
	 

  
 [Signature
Page to Director Indemnification Agreement]

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