Document:

exv4w2

 

Exhibit 4.2

AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT 

     This Amended and Restated Registration Rights Agreement (this “Agreement”) is made and entered
into as of April 26, 2006, by and among Omniture, Inc., a Delaware corporation (the “Company”), the
persons and entities listed on Exhibit A attached hereto (the “Investors”), the persons and
entities listed on Exhibit B attached hereto (the “Founders”) and the persons and entities
listed on Exhibit C attached hereto (the “Additional Holders”).

     WHEREAS, certain of the Investors (the “Prior Investors”) are holders of outstanding shares of
the Company’s Series A-1 Preferred Stock (“Series A-1 Stock”), Series A-2 Preferred Stock (“Series
A-2 Stock”), Series A-3 Preferred Stock (“Series A-3 Stock”), Series A-4.1 Preferred Stock (“Series
A-4.1 Stock”), Series A-5 Preferred Stock (“Series A-5 Stock”), Series B Preferred Stock (“Series B
Stock”), Series B-1 Preferred Stock (“Series B-1 Stock”), Series B-2 Preferred Stock (“Series B-2
Stock”), Series C Preferred Stock and Series C-1 Preferred Stock (collectively, “Series C Stock”);

     WHEREAS, the Prior Investors have been granted certain registration rights under the Amended
and Restated Registration Rights Agreement dated as of March 27, 2006 (the “Prior Rights
Agreement”);

     WHEREAS, the Company, the Prior Investors and the Founders desire to enter into this Agreement
in order to amend, restate and replace their rights and obligations under the Prior Rights
Agreement with the rights and obligations set forth in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter
set forth, the parties hereto agree as follows:

     1. REGISTRATION RIGHTS.

          1.1 Definitions. For purposes of this Section 1:

               (a) Registration. The terms “register, “registration” and “registered” refer to a
registration effected by preparing and filing a registration statement in compliance with the U.S.
Securities Act of 1933, as amended (the “Securities Act”), and the declaration or ordering of
effectiveness of such registration statement.

               (b) Registrable Securities. The term “Registrable Securities” means (1) all the
shares of Common Stock of the Company issued or issuable upon the conversion of any shares of
Preferred Stock that are now owned or may hereafter be acquired by any Investor or any Investor’s
permitted successors and assigns; (2) all the shares of Common Stock of the Company held by the
Founders that are now owned or may hereafter be acquired by any Founder or any Founder’s permitted
successors and assigns (the “Founders’ Shares”); (3) all the shares of Common Stock of the Company
held (or issuable upon the conversion or exercise of any warrant, right or other security which is
held) by the Additional Holders as of the date of this Agreement (the “Additional Holders’
Shares”); and (4) any shares of Common Stock of the Company issued as a

 

 

dividend or other distribution with respect to, or in exchange for or in replacement of, all
such shares of Common Stock described in clause (1), (2) or (3) of this Section 1.1(b);
excluding in all cases, however, any Registrable Securities sold by a person in a
transaction in which rights under this Section 1 are not assigned in accordance with this Agreement
or any Registrable Securities with respect to which, pursuant to Section 1.11 hereof, the holders
are no longer entitled to registration rights pursuant to Sections 1.2, 1.3 or 1.4 hereof;
provided, however, that notwithstanding anything herein to the contrary, the
Founders’ Shares and any shares of Common Stock described in clause (4) of this Section 1.1(b) that
are issued in respect of any Founders’ Shares (which with the Founders’ Shares are collectively
hereinafter referred to as the “Founder Excluded Shares”), shall not be counted as Registrable
Securities entitling the Founders to be an Initiating Holder for purposes of Section 1.2 of this
Agreement; provided, further that notwithstanding anything herein to the contrary,
the Additional Holders’ Shares and any shares of Common Stock described in clause (4) of this
Section 1.1(b) that are issued in respect of any Additional Holders’ Shares (which with the
Additional Holders’ Shares are collectively hereinafter referred to as the “Additional Holders
Excluded Shares”), shall not be counted as Registrable Securities entitling the Additional Holders
to be an Initiating Holder for purposes of Section 1.2 of this Agreement.

               (c) Registrable Securities Then Outstanding. The number of shares of “Registrable
Securities then outstanding” shall mean the number of shares of Common Stock which are Registrable
Securities that are then (1) issued and outstanding or (2) issuable pursuant to the exercise or
conversion of then outstanding and then exercisable and qualifying options, warrants or convertible
securities.

               (d) Holder. The term “Holder” means any person owning of record Registrable
Securities or any assignee of record of such Registrable Securities to whom rights set forth herein
have been duly assigned in accordance with this Agreement; provided, however, that
for purposes of this Agreement, a record holder of shares of Preferred Stock convertible into such
Registrable Securities shall be deemed to be the Holder of such Registrable Securities;
provided, further, that a holder of Founder Excluded Shares (as defined in Section
1.1(b)) or Additional Holders Excluded Shares (as defined in Section 1.1(b)) shall not be a Holder
with respect to such Founder Excluded Shares or Additional Holders Excluded Shares for purposes of
Section 1.2 of this Agreement; and provided, further, that the Company shall in no
event be obligated to register shares of Preferred Stock, and that Holders of Registrable
Securities will not be required to convert their shares of Preferred Stock into Common Stock in
order to exercise the registration rights granted hereunder, until immediately before the closing
of the offering to which the registration relates.

               (e) Form S-3. The term “Form S-3” means such form under the Securities Act as is in
effect on the date hereof or any successor registration form under the Securities Act subsequently
adopted by the SEC which permits inclusion or incorporation of substantial information by reference
to other documents filed by the Company with the SEC.

               (f) SEC. The term “SEC” or “Commission” means the U.S. Securities and Exchange
Commission.

-2-

 

          1.2 Demand Registration.

               (a) Request by Holders. If the Company shall receive at any time after six (6) months
after the effective date of the Company’s initial public offering of its securities pursuant to a
registration filed under the Securities Act, a written request from the Holders of at least 25% of
the Registrable Securities then outstanding (the “Initiating Holders”) that the Company file a
registration statement under the Securities Act covering the registration of Registrable Securities
pursuant to this Section 1.2, then the Company shall, within twenty (20) days after the receipt of
such written request, give written notice of such request (the “Request Notice”) to all Holders,
and effect, as soon as practicable (but in no event more than ninety (90) days following the
request from the Initiating Holders to register such shares), the registration under the Securities
Act of all Registrable Securities which Holders request to be registered and included in such
registration by written notice given by such Holders to the Company within twenty (20) days after
receipt of the Request Notice, subject only to the limitations of this Section 1; provided
that the Registrable Securities requested by all Holders to be registered pursuant to such request
must have an anticipated aggregate public offering price (before any underwriting discounts and
commissions) of not less than $7,500,000.

               (b) Underwriting. If the Initiating Holders intend to distribute the Registrable
Securities covered by their request by means of an underwriting, then they shall so advise the
Company as a part of their request made pursuant to this Section 1.2 and the Company shall include
such information in the written notice referred to in Section 1.2(a). In such event, the right of
any Holder to include his, her, or its Registrable Securities in such registration shall be
conditioned upon such Holder’s participation in such underwriting and the inclusion of such
Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority
in interest of the Initiating Holders and such Holder) to the extent provided herein. All Holders
proposing to distribute their securities through such underwriting shall enter into an underwriting
agreement in customary form with the managing underwriter or underwriters selected for such
underwriting by the Company. Notwithstanding any other provision of this Section 1.2, if the
underwriter(s) advise(s) the Company in writing that marketing factors require a limitation of the
number of securities to be underwritten then the Company shall so advise all Holders of Registrable
Securities that would otherwise be registered and underwritten pursuant hereto, and the number of
Registrable Securities that may be included in the underwriting shall be reduced as required by the
underwriter(s) and allocated among the Holders of Registrable Securities on a pro rata basis
according to the number of Registrable Securities then outstanding held by each Holder requesting
registration (including the Initiating Holders); provided, however, that the number
of shares of Registrable Securities to be included in such underwriting and registration shall not
be reduced unless all other securities of the Company are first entirely excluded from the
underwriting and registration. Any Registrable Securities excluded and withdrawn from such
underwriting shall be withdrawn from the registration.

               (c) Maximum Number of Demand Registrations. The Company is obligated to effect only
two (2) such registrations pursuant to this Section 1.2.

               (d) Deferral. Notwithstanding the foregoing, if the Company shall furnish to Holders
requesting the filing of a registration statement pursuant to this Section 1.2, a certificate

-3-

 

signed by the President or Chief Executive Officer of the Company stating that in the good
faith judgment of the Board of Directors of the Company, it would be seriously detrimental to the
Company and its Founders for such registration statement to be filed and it is therefore essential
to defer the filing of such registration statement, then the Company shall have the right to defer
such filing for a period of not more than ninety (90) days after receipt of the request of the
Initiating Holders; provided, however, that the Company may not utilize this right
more than once in any twelve (12) month period and shall not register shares for its own account or
the account of others during such 90-day period.

               (e) Expenses. All expenses incurred in connection with a registration pursuant to
this Section 1.2, including without limitation all registration and qualification fees, printers’
and accounting fees, fees and disbursements of counsel for the Company, and the reasonable fees and
disbursements of one (1) counsel for the selling Holders (but excluding underwriters’
discounts and commissions), shall be borne by the Company. However, each Holder participating in a
registration pursuant to this Section 1.2 shall bear such Holder’s proportionate share (based on
the number of shares sold by such Holder over the total number of shares included in such
registration at the time it is declared effective) of all discounts, commissions or other amounts
payable to underwriters or brokers in connection with such offering (but excluding all
out-of-pocket expenses as described in the underwriting agreement). Notwithstanding the foregoing,
the Company shall not be required to pay for any expenses of any registration proceeding begun
pursuant to this Section 1.2 if the registration request is subsequently withdrawn at the request
of the Holders of a majority of the Registrable Securities to be registered, unless the Holders of
a majority of the Registrable Securities then outstanding agree to forfeit their right to one (1)
demand registration pursuant to this Section 1.2 (in which case such right shall be forfeited by
all Holders of Registrable Securities); provided, further, however, that if at the
time of such withdrawal, the Holders have learned of a material adverse change in the condition,
business, or prospects of the Company not known to the Holders at the time of their request for
such registration and have withdrawn their request for registration with reasonable promptness
after learning of such material adverse change, then the Holders shall not be required to pay any
of such expenses and shall retain their demand registration rights pursuant to this Section 1.2.

          1.3 Piggyback Registrations. The Company shall notify all Holders of Registrable
Securities in writing at least thirty (30) days prior to filing any registration statement under
the Securities Act for purposes of effecting a public offering of securities of the Company
(including, but not limited to, registration statements relating to secondary offerings of
securities of the Company, but excluding registration statements relating to any
registration under Section 1.2 or Section 1.4 of this Agreement or to any employee benefit plan or
a corporate reorganization or other transaction covered by Rule 145 promulgated under the
Securities Act, or a registration on any registration form which does not permit secondary sales or
does not include substantially the same information as would be required to be included in a
registration statement covering the sale of Registrable Securities,) and will afford each such
Holder an opportunity to include in such registration statement all or any part of the Registrable
Securities then held by such Holder. Each Holder desiring to include in any such registration
statement all or any part of the Registrable Securities held by such Holder shall, within twenty
(20) days after receipt of the above-described notice from the Company, so notify the Company in
writing, and in such notice shall inform the Company of the number of Registrable Securities such
Holder wishes to include in such registration

-4-

 

statement. If a Holder decides not to include all of its Registrable Securities in any
registration statement thereafter filed by the Company, such Holder shall nevertheless continue to
have the right to include any Registrable Securities in any subsequent registration statement or
registration statements as may be filed by the Company with respect to offerings of its securities,
all upon the terms and conditions set forth herein. Notwithstanding anything in this Agreement to
the contrary, the provisions of this Section 1.3 shall not apply with respect to the Additional
Holders and the Additional Holders’ Excluded Shares in connection with any registration statement
(including any amendments or supplements to any such registration statement) filed in connection
with the Company’s initial public offering of its securities pursuant to a registration statement
filed under the Securities Act.

               (a) Underwriting. If a registration statement under which the Company gives notice
under this Section 1.3 is for an underwritten offering, then the Company shall so advise the
Holders of Registrable Securities. In such event, the right of any such Holder’s Registrable
Securities to be included in a registration pursuant to this Section 1.3 shall be conditioned upon
such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable
Securities in the underwriting to the extent provided herein. All Holders proposing to distribute
their Registrable Securities through such underwriting shall enter into an underwriting agreement
in customary form with the managing underwriter or underwriter(s) selected for such underwriting.
Notwithstanding any other provision of this Agreement, if the managing underwriter determine(s) in
good faith that marketing factors require a limitation of the number of shares to be underwritten,
then the managing underwriter(s) may exclude shares (including Registrable Securities) from the
registration and the underwriting, and the number of shares that may be included in the
registration and the underwriting shall be allocated, first, to the Company, next to Holders
requesting inclusion of their Registrable Securities in such registration statement on a pro rata
basis based on the number of Registrable Securities each such Holder has requested to be included
in the registration; provided, however., that the right of the underwriters to
exclude shares (including Registrable Securities) from the registration and underwriting as
described above shall be restricted so that: (i) the number of Registrable Securities held by the
Investors included in any such registration is not reduced below 25% of the shares included in the
registration, except for a registration relating to the Company’s initial public offering, from
which all Registrable Securities may be excluded; and (ii) all shares that are not Registrable
Securities shall first be excluded from such registration and underwriting before any Registrable
Securities are so excluded. If any Holder disapproves of the terms of any such underwriting, such
Holder may elect to withdraw therefrom by written notice, given in accordance with Section 3.1
hereof, to the Company and the underwriter, delivered at least twenty (20) days prior to the
effective date of the registration statement. Any Registrable Securities excluded or withdrawn
from such underwriting shall be excluded and withdrawn from the registration. For any Holder that
is a partnership or corporation, the partners, retired partners and Founders of such Holder, or the
estates and family members of any such partners and retired partners and any trusts for the benefit
of any of the foregoing persons shall be deemed to be a single “Holder,” and any pro rata reduction
with respect to such “Holder” shall be based upon the aggregate amount of shares carrying
registration rights owned by all entities and individuals included in such “Holder,” as defined in
this sentence.

               (b) Expenses. All expenses incurred in connection with the first registration
pursuant to this Section 1.3, including without limitation all registration and qualification

-5-

 

fees, printers’ and accounting fees, fees and disbursements of counsel for the Company, and
the reasonable fees and disbursements of one (1) counsel for the selling Holders (but
excluding underwriters’ discounts and commissions), shall be borne by the Company.
However, each Holder participating in a registration pursuant to this Section 1.3 shall bear such
Holder’s proportionate share (based on the number of shares sold by such Holder over the total
number of shares included in such registration at the time it goes effective) of all discounts,
commissions or other amounts payable to underwriters or brokers in connection with such offering
(but excluding all out-of- pocket expenses as described in the underwriting agreement), and
with respect to any registrations beyond the first one under this Section 1.3, any registration and
qualifications fees, printers’ and accounting fees, and any fees and disbursements of any counsel
for the participating Holders.

          1.4 Form S-3 Registration. In case the Company shall receive from any Holder or
Holders of Registrable Securities then outstanding a written request or requests that the Company
effect a registration on Form S-3 and any related qualification or compliance with respect to all
or a part of the Registrable Securities owned by such Holder or Holders, then the Company will do
the following:

               (a) Notice. Promptly give written notice of the proposed registration and the
Holder’s or Holders’ request therefor, and any related qualification or compliance, to all other
Holders of Registrable Securities.

               (b) Registration. As soon as practicable, effect such registration and all such
qualifications and compliances as may be so requested and as would permit or facilitate the sale
and distribution of all or such portion of such Holder’s or Holders’ Registrable Securities as are
specified in such request, together with all or such portion of the Registrable Securities of any
other Holder or Holders joining in such request as are specified in a written request given within
twenty (20) days after receipt of such written notice from the Company; provided,
however, that the Company shall not be obligated to effect any such registration,
qualification or compliance pursuant to this Section 1.4:

                    (1) if Form S-3 is not available for such offering;

                    (2) if the Holders, together with the holders of any other securities of the Company entitled
to inclusion in such registration, propose to sell Registrable Securities and such other securities
(if any) at an aggregate price to the public of less than $3,000,000;

                    (3) if the Company shall furnish to the Holders a certificate signed by the President or Chief
Executive Officer of the Company stating that in the good faith judgment of the Board of Directors
of the Company, it would be seriously detrimental to the Company and its Founders for such Form S-3
Registration to be effected at such time, in which event the Company shall have the right to defer
the filing of the Form S-3 registration statement no more than once during any twelve (12) month
period for a period of not more than ninety (90) days after receipt of the request of the Holder or
Holders under this Section 1.4, but shall not register shares for its own account or the account of
others during such ninety (90) day period;

-6-

 

                    (4) if the Company has, within the twelve (12) month period preceding the date of such
request, already effected one (1) registration on Form S-3 for the Holders pursuant to this Section
1.4; or

                    (5) in any particular jurisdiction in which the Company would be required to qualify to do
business or to execute a general consent to service of process in effecting such registration,
qualification or compliance.

               (c) Expenses. Subject to the foregoing, the Company shall file a Form S-3
registration statement covering the Registrable Securities and other securities so requested to be
registered pursuant to this Section 1.4 as soon as practicable after receipt of the request or
requests of the Holders for such registration. The Company shall pay all expenses incurred in
connection with the first registration requested pursuant to this Section 1.4, (excluding
underwriters’ or brokers’ discounts and commissions), including without limitation all filing,
registration and qualification, printers’ and accounting fees and the reasonable fees and
disbursements of one (1) counsel for the selling Holder or Holders and counsel for the Company.
However, each Holder participating in a registration pursuant to this Section 1.4 shall bear such
Holder’s proportionate share (based on the number of shares sold by such Holder over the total
number of shares included in such registration at the time it goes effective) of all discounts,
commissions or other amounts payable to underwriters or brokers in connection with such offering
(but excluding all out-of- pocket expenses as described in the underwriting agreement), and
with respect to any registration beyond the first one under this Section 1.4, any registration and
qualification fees, printers’ and accounting fees, and any fees and disbursements of any counsel
for the participating Holders.

               (d) Not Demand Registration. Form S-3 registrations shall not be deemed to be demand
registrations as described in Section 1.2 above.

          1.5 Obligations of the Company. Whenever required to effect the registration of any
Registrable Securities under this Agreement, the Company shall, as expeditiously as reasonably
possible:

               (a) Prepare and file with the SEC a registration statement with respect to such Registrable
Securities and use all commercially reasonable efforts to cause such registration statement to
become effective, and, upon the request of the Holders of a majority of the Registrable Securities
registered thereunder, keep such registration statement effective for up to ninety (90) days.

               (b) Prepare and file with the SEC such amendments and supplements to such registration
statement and the prospectus used in connection with such registration statement as may be
necessary to comply with the provisions of the Securities Act with respect to the disposition of
all securities covered by such registration statement.

               (c) Furnish to the Holders such number of copies of a prospectus, including a preliminary
prospectus, in conformity with the requirements of the Securities Act, and such other documents as
they may reasonably request in order to facilitate the disposition of the Registrable Securities
owned by them that are included in such registration.

-7-

 

               (d) Use all commercially reasonable efforts to register and qualify the securities covered by
such registration statement under such other securities or Blue Sky laws of such jurisdictions as
shall be reasonably requested by the Holders, provided that the Company shall not be
required in connection therewith or as a condition thereto to qualify to do business or to file a
general consent to service of process in any such states or jurisdictions.

               (e) In the event of any underwritten public offering, enter into and perform its obligations
under an underwriting agreement, in usual and customary form, with the managing underwriter(s) of
such offering. Each Holder participating in such underwriting hereby agrees to also enter into and
perform its obligations under such an agreement.

               (f) Notify each Holder of Registrable Securities covered by such registration statement at any
time when a prospectus relating thereto is required to be delivered under the Securities Act of the
happening of any event as a result of which the prospectus included in such registration statement,
as then in effect, includes an untrue statement of a material fact or omits to state a material
fact required to be stated therein or necessary to make the statements therein not misleading in
the light of the circumstances then existing.

               (g) Furnish, at the request of any Holder requesting registration of Registrable Securities,
on the date that such Registrable Securities are delivered to the underwriters for sale, if such
securities are being sold through underwriters, or, if such securities are not being sold through
underwriters, on the date that the registration statement with respect to such securities becomes
effective: (1) an opinion, dated as of such date, of the counsel representing the Company for the
purposes of such registration, in form and substance as is customarily given to underwriters in an
underwritten public offering and reasonably satisfactory to a majority in interest of the Holders
requesting registration, addressed to the underwriters, if any, and to the Holders requesting
registration of Registrable Securities and (2) a “comfort” letter dated as of such date, from the
independent certified public accountants of the Company, in form and substance as is customarily
given by independent certified public accountants to underwriters in an underwritten public
offering and reasonably satisfactory to a majority in interest of the Holders requesting
registration, addressed to the underwriters, if any, and to the Holders requesting registration of
Registrable Securities.

          1.6 Furnish Information. It shall be a condition precedent to the obligations of the
Company to take any action pursuant to Sections 1.2, 1.3 or 1.4 that the selling Holders shall
furnish to the Company such information regarding themselves, the Registrable Securities held by
them, and the intended method of disposition of such securities as shall be reasonably required to
timely effect the registration of their Registrable Securities.

          1.7 Delay of Registration. No Holder shall have any right to obtain or seek an
injunction restraining or otherwise delaying any such registration as the result of any controversy
that might arise with respect to the interpretation or implementation of this Section 1.

          1.8 Indemnification. In the event any Registrable Securities are included in a
registration statement under Sections 1.2, 1.3 or 1.4:

-8-

 

               (a) By the Company. To the extent permitted by law, the Company will indemnify and
hold harmless each Holder, the partners, members, managing members, officers, employees and
directors of each Holder, any underwriter (as defined in the Securities Act) for such Holder and
each person, if any, who controls such Holder or underwriter within the meaning of the Securities
Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”), against any losses,
claims, damages, or liabilities (joint or several) to which they may become subject under the
Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims,
damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the
following statements, omissions or violations (collectively, the “Violations” and, individually, a
“Violation”): (1) any untrue statement or alleged untrue statement of a material fact contained in
such registration statement, including any preliminary prospectus or final prospectus contained
therein or any amendments or supplements thereto; or (2) the omission or alleged omission to state
therein a material fact required to be stated therein, or necessary to make the statements therein
not misleading; or (3) any violation or alleged violation by the Company of the Securities Act, the
Exchange Act, any federal or state securities law or any rule or regulation promulgated under the
Securities Act, the Exchange Act or any federal or state securities law in connection with the
offering covered by such registration statement. The Company will reimburse each such Holder,
partner, member, managing member, officer, employee or director, underwriter or controlling person
for any legal or other expenses reasonably incurred by them as such expenses are incurred. Such
expenses shall be paid within three months after a request for reimbursement has been received by
the Company, in connection with investigating or defending any such loss, claim, damage, liability
or action; provided, however, that the indemnity agreement contained in this
Section 1.8(a) shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability or action if such settlement is effected without the consent of the Company (which
consent shall not be unreasonably withheld), nor shall the Company be liable in any such case for
any such loss, claim, damage, liability or action to the extent such Violation occurred in reliance
upon and in conformity with written information furnished expressly for use in connection with such
registration by such Holder, partner, officer, director, underwriter or controlling person of such
Holder.

               (b) By Selling Holders. To the extent permitted by law, each selling Holder will
indemnify and hold harmless the Company, each of its directors, each of its officers who have
signed the registration statement, each person, if any, who controls the Company within the meaning
of the Securities Act, any underwriter and any other Holder selling securities under such
registration statement or any of such other Holder’s partners, members, managing members,
directors, employees or officers or any person who controls such Holder within the meaning of the
Securities Act or the Exchange Act, against any losses, claims, damages or liabilities (joint or
several) to which the Company or any such director, officer, employee or controlling person,
underwriter or other such Holder, partner or director, member, managing member, officer, employee
or controlling person of such other Holder may become subject under the Securities Act, the
Exchange Act or other federal or state law, insofar as such losses, claims, damages or liabilities
(or actions in respect thereto) arise out of any Violation, in each case to the extent (and only to
the extent) that such Violation occurred in reliance upon and in conformity with written
information furnished by such Holder expressly for use in connection with such registration. Each
such Holder will reimburse any legal or other expenses reasonably incurred by the Company or any
such director, officer, controlling person, underwriter or other Holder, partner, member, managing
member, officer, employee, director or controlling person of such other Holder in connection with

-9-

 

investigating or defending any such loss, claim, damage, liability or action as such expenses
are incurred. Such expenses shall be paid within three months after a request for reimbursement
has been received by the indemnifying Holder, provided, however, that the indemnity
agreement contained in this Section 1.8(b) shall not apply to amounts paid in settlement of any
such loss, claim, damage, liability or action if such settlement is effected without the consent of
the Holder, which consent shall not be unreasonably withheld; and provided,
further, that the total amounts payable in indemnity by a Holder under this Section 1.8(b)
in respect of any Violation shall not exceed the net proceeds received by such Holder in the
registered offering out of which such Violation arises.

               (c) Notice. Promptly after receipt by an indemnified party under this Section 1.8 of
notice of the commencement of any action (including any governmental action), such indemnified
party will, if a claim in respect thereof is to be made against any indemnifying party under this
Section 1.8, deliver to the indemnifying party a written notice of the commencement thereof. The
indemnifying party shall have the right to participate in, and, to the extent the indemnifying
party so desires, jointly with any other indemnifying party similarly noticed, to assume the
defense thereof with counsel mutually satisfactory to the parties; provided,
however, that an indemnified party shall have the right to retain its own counsel, with the
fees and expenses to be paid by the indemnifying party, if representation of such indemnified party
by the counsel retained by the indemnifying party would be inappropriate due to actual or potential
conflict of interests between such indemnified party and any other party represented by such
counsel in such proceeding. The failure to deliver written notice to the indemnifying party within
a reasonable time of the commencement of any such action, if prejudicial to its ability to defend
such action, shall relieve such indemnifying party of any liability to the indemnified party under
this Section 1.8 only to the extent of such prejudice, and the omission so to deliver written
notice to the indemnifying party will not relieve it of any liability that it may have to any
indemnified party otherwise than under this Section 1.8.

               (d) Defect Eliminated in Final Prospectus. The foregoing indemnity agreements of the
Company and Holders are subject to the condition that, insofar as they relate to any Violation made
in a preliminary prospectus but eliminated or remedied in the amended prospectus on file with the
SEC at the time the registration statement in question becomes effective or the amended prospectus
filed with the SEC pursuant to SEC Rule 424(b) (the “Final Prospectus”), such indemnity agreement
shall not inure to the benefit of any person if a copy of the Final Prospectus was furnished to the
indemnified party and was not furnished to the person asserting the loss, liability, claim or
damage at or prior to the time such action is required by the Securities Act.

               (e) Contribution. If the indemnification provided for in this Section 1.8 is held by
a court of competent jurisdiction to be unavailable to an indemnified party with respect to any
loss, liability, claim, damage or expense referred to herein, then the indemnifying party, in lieu
of indemnifying the indemnified party, shall contribute to the amount paid or payable by such
indemnified party with respect to such loss, liability, claim, damage or expense in the proportion
that is appropriate to reflect the relative fault of the indemnifying party and the indemnified
party in connection with the statements or omissions that resulted in such loss, liability, claim,
damage or expense, as well as any other relevant equitable considerations. The relative fault of
the indemnifying party and the indemnified party shall be determined by reference to, among other

-10-

 

things, whether the untrue or alleged untrue statement of material fact or the omission to
state a material fact relates to information supplied by the indemnifying party or by the
indemnified party, and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent such statement or omission. In any such case, (A) no such Holder
will be required to contribute any amount in excess of the net proceeds received by such Holder
pursuant to sales under such registration statement less any amounts paid pursuant to Section
1.8(b); and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) will be entitled to contribution from any person or entity who
was not guilty of such fraudulent misrepresentation.

               (f) Conflict with Underwriting Agreement. Notwithstanding the foregoing, to the
extent that the provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are in conflict with the
foregoing provisions, the provisions in the underwriting agreement will control.

               (g) Survival. The obligations of the Company and Holders under this Section 1.8 shall
survive the completion of any offering of Registrable Securities in a registration statement, and
otherwise.

          1.9 “Market Stand-Off” Agreement. Each Holder hereby agrees that it shall not, to the
extent requested by the Company or an underwriter of securities of the Company, sell or otherwise
transfer or dispose of any Registrable Securities or other shares of stock of the Company then
owned by such Holder (except for shares acquired on the public market and shares included in the
first registration statement of the Company filed under the Securities Act and other than transfers
to donees or partners of the Holder who agree to be similarly bound) for up to 90 days following
the effective date of any registration statement of the Company filed under the Securities Act (or
180 days following the effective date of the first registration statement of the Company filed
under the Securities Act); provided, however, that:

               (a) all officers and directors of the Company then holding Common Stock of the Company and all
stockholders holding in the aggregate at least 1% of the total equity of the Company, enter into
similar agreements; and

               (b) if any Holder is released from the obligations of this Section 1.9, then all Holders shall
be similarly released on a pro rata basis.

For purposes of this Section 1.9, the term “Company” shall include any wholly-owned subsidiary of
the Company into which the Company merges or consolidates. In order to enforce the foregoing
covenant, the Company shall have the right to place restrictive legends on the certificates
representing the shares subject to this Section and to impose stop transfer instructions with
respect to the Registrable Securities and such other shares of stock of each Holder (and the shares
or securities of every other person subject to the foregoing restriction) until the end of such
period. Each Holder further agrees to enter into any agreement reasonably required by the
underwriters to implement the foregoing within any reasonable timeframe so requested.

-11-

 

          1.10 Rule 144 Reporting. With a view to making available the benefits of certain
rules and regulations of the Commission which may at any time permit the sale of the Registrable
Securities to the public without registration, after such time as a public market exists for the
Common Stock of the Company, the Company agrees to:

               (a) Make and keep public information available, as those terms are understood and defined in
Rule 144 under the Securities Act, at all times after the effective date of the first registration
under the Securities Act filed by the Company for an offering of its securities to the general
public;

               (b) Use reasonable, diligent efforts to file with the Commission in a timely manner all
reports and other documents required of the Company under the Securities Act and the Exchange Act
(at any time after it has become subject to such reporting requirements); and

               (c) So long as a Holder owns any Registrable Securities, to furnish to the Holder forthwith
upon request a written statement by the Company as to its compliance with the reporting
requirements of said Rule 144 (at any time after ninety (90) days after the effective date of the
first registration statement filed by the Company for an offering of its securities to the general
public), and of the Securities Act and the Exchange Act (at any time after it has become subject to
the reporting requirements of the Exchange Act), a copy of the most recent annual or quarterly
report of the Company, and such other reports and documents of the Company as a Holder may
reasonably request in availing itself of any rule or regulation of the Commission allowing a Holder
to sell any such securities without registration (at any time after the Company has become subject
to the reporting requirements of the Exchange Act).

          1.11 Termination of the Company’s Obligations. The Company shall have no obligations
pursuant to Sections 1.2 through 1.4 with respect to the earlier of: (a) any request or requests
for registration made by any Holder on a date more than five (5) years after the dosing date of the
Company’s initial public offering; (b) any Registrable Securities proposed to be sold by a Holder
in a registration pursuant to Section 1.2, 1.3 or 1.4 if, in the opinion of counsel to the Company,
all such Registrable Securities proposed to be sold by a Holder may be sold in a single three (3)
month period without registration under the Securities Act pursuant to Rule 144 under the
Securities Act; or (c) the consummation of a Liquidation Event, as that term is defined in the
Company’s Restated Certificate of Incorporation (as amended from time to time).

          1.12 Limitations on Subsequent Registration Rights. From and after the date of this
Agreement, the Company shall not, without the prior written consent of the Holders of a majority of
the Series B Stock and Series C Stock then outstanding, enter into any agreement with any holder or
prospective holder of any securities of the Company which could result in (i) the Company being
required to file its first Registration Statement or (ii) a registration statement with respect to
any shares of the Company’s capital stock being declared effective prior to six (6) months after
the effective date of the Company’s initial public offerings of its securities pursuant to a
registration statement filed under the Securities Act.

-12-

 

     2. ASSIGNMENT AND AMENDMENT.

          2.1 Assignment. Notwithstanding anything herein to the contrary, the registration
rights of a Holder under Section 1 hereof may be assigned only to: (a) a party who acquires at
least 100,000 shares of Preferred Stock and/or an equivalent number (on an as converted basis) of
Registrable Securities issued upon conversion thereof or (b) a partner, limited partner, affiliate
(a person or entity controlling, controlled by or under common control with a Holder, where control
means majority voting control) of a Holder, member or former member; provided,
however that no party may be assigned any of the foregoing rights unless the Company is
given written notice by the assigning party at the time of such assignment stating the name and
address of the assignee and identifying the securities of the Company as to which the rights in
question are being assigned; provided, further, that any such assignee of such
rights is not deemed by the Board of Directors of the Company, in its reasonable judgment, to be a
competitor of the Company; and provided, further that any such assignee shall
receive such assigned rights subject to all the terms and conditions of this Agreement, including
without limitation the provisions of this Section 2. Notwithstanding the foregoing, assignments may
be made without the Company’s consent or obtaining the minimum number of shares of Registrable
Securities noted above if the assignment is to a partner, limited partner, affiliate, member or
former member.

          2.2 Amendment and Waiver of Rights. Any provision of this Agreement may be amended
and the observance thereof may be waived (either generally or in a particular instance and either
retroactively or prospectively), only with the written consent of the Company and Investors (and/or
any of their permitted successors or assigns) holding shares of Preferred Stock and/or Conversion
Stock representing and/or convertible into a majority of all the Investors’ Shares (as defined
below); provided, however, that the piggyback registration rights granted to the
Founders under Section 1.3 of this Agreement may not be eliminated or materially and adversely
changed without the written consent of persons holding a majority of the Founders’ Shares;
provided, further, that the piggyback registration rights granted to the Additional
Holders under Section 1.3 of this Agreement may not be eliminated or materially and adversely
changed without the written consent of persons holding a majority of the Additional Holders’
Shares. As used herein, the term “Investors’ Shares” shall mean the shares of Common Stock then
issued or issuable upon conversion of all then outstanding shares of Preferred Stock plus all then
outstanding shares of Conversion Stock that were issued upon the conversion of any shares of
Preferred Stock. Any amendment or waiver effected in accordance with this Section 2.2 shall be
binding upon each Investor, each Holder, each permitted successor or assignee of such Investor or
Holder and the Company.

     3. GENERAL PROVISIONS.

          3.1 Notices. Any and all notices required or permitted to be given to a party
pursuant to the provisions of this Agreement will be in writing and will be effective and deemed to
provide such party sufficient notice under this Agreement on the earliest of the following: (a) at
the time of personal delivery, if delivery is in person; (b) at the time of transmission by
facsimile, addressed to the other party at its facsimile number specified herein (or hereafter
modified by subsequent notice to the parties hereto), with confirmation of receipt made by both
telephone and printed confirmation sheet verifying successful transmission of the facsimile; (c)
one (1) business

-13-

 

day after deposit with an express overnight courier for United States deliveries, or two (2)
business days after such deposit for deliveries outside of the United States, with proof of
delivery from the courier requested; or (d) three (3) business days after deposit in the United
States mail by certified mail (return receipt requested) for United States deliveries. All notices
for delivery outside the United States will be sent by facsimile or by express courier. Notices by
facsimile shall be machine verified as received. All notices not delivered personally or by
facsimile will be sent with postage and/or other charges prepaid and properly addressed to the
party to be notified at the address or facsimile number as follows, or at such other address or
facsimile number as such other party may designate by one of the indicated means of notice herein
to the other parties hereto as follows:

               (i) if to an Investor, at such Investor’s respective address as set forth on Exhibit A
hereto;

               (ii) if to the Company, marked “Attention: President”, at 550 East Timpanogos Circle, Orem UT
84097;

               (iii) if to a Founder, at such Founder’s address as set forth on Exhibit B hereto.

          3.2 Entire Agreement. This Agreement and the documents referred to herein, together
with all the Exhibits hereto, constitute the entire agreement and understanding of the parties with
respect to the subject matter of this Agreement, and supersede the Prior Rights Agreement and any
and all prior understandings and agreements, whether oral or written, between or among the parties
hereto with respect to the specific subject matter hereof. This Agreement will amend and restate
the Prior Rights Agreement to read as set forth herein, when it has been duly executed by parties
having the right to so amend and restate the Prior Rights Agreement.

          3.3 GOVERNING LAW. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF CALIFORNIA, WITHOUT GIVING EFFECT TO THAT BODY OF LAWS PERTAINING TO
CONFLICT OF LAWS.

          3.4 Severability. If any provision of this Agreement is determined by any court or
arbitrator of competent jurisdiction to be invalid, illegal or unenforceable in any respect, such
provision will be enforced to the maximum extent possible given the intent of the parties hereto.
If such clause or provision cannot be so enforced, such provision shall be stricken from this
Agreement and the remainder of this Agreement shall be enforced as if such invalid, illegal or
unenforceable clause or provision had (to the extent not enforceable) never been contained in this
Agreement. Notwithstanding the forgoing, if the value of this Agreement based upon the substantial
benefit of the bargain for any party is materially impaired, which determination as made by the
presiding court or arbitrator of competent jurisdiction shall be binding, then both parties agree
to substitute such provision(s) through good faith negotiations.

          3.5 Third Parties. Nothing in this Agreement, express or implied, is intended to
confer upon any person, other than the parties hereto and their successors and assigns, any rights
or remedies under or by reason of this Agreement.

-14-

 

          3.6 Successors and Assigns. Subject to the provisions of Section 2.1, this Agreement,
and the rights and obligations of the parties hereunder, will be binding upon and inure to the
benefit of their respective successors, assigns, heirs, executors, administrators and legal
representatives.

          3.7 Titles and Headings. The titles, captions and headings of this Agreement are
included for ease of reference only and will be disregarded in interpreting or construing this
Agreement. Unless otherwise specifically stated, all references herein to “sections” and
“exhibits” will mean “sections” and “exhibits” to this Agreement.

          3.8 Counterparts. This Agreement may be executed in any number of counterparts, each
of which when so executed and delivered will be deemed an original, and all of which together shall
constitute one and the same agreement.

          3.9 Costs And Attorneys’ Fees. In the event that any action, suit or other proceeding
is instituted concerning or arising out of this Agreement or any transaction contemplated
hereunder, the prevailing party shall recover all of such party’s costs and attorneys’ fees
incurred in each such action, suit or other proceeding, including any and all appeals or petitions
therefrom.

          3.10 Aggregation of Stock. All shares held or acquired by affiliated entities or
persons shall be aggregated together for the purpose of determining the availability of any rights
under this Agreement.

          3.11 Adjustments for Stock Splits, Etc. Wherever in this Agreement there is a
reference to a specific number of shares of Common Stock or Preferred Stock of the Company of any
class or series, then, upon the occurrence of any subdivision, combination or stock dividend of
such class or series of stock, the specific number of shares so referenced in this Agreement shall
automatically be proportionally adjusted to reflect the affect on the outstanding shares of such
class or series of stock by such subdivision, combination or stock dividend.

          3.12 Further Assurances. The parties agree to execute such further documents and
instruments and to take such further actions as may be reasonably necessary to carry out the
purposes and intent of this Agreement.

          3.13 Facsimile Signatures. This Agreement may be executed and delivered by facsimile
and upon such delivery the facsimile signature will be deemed to have the same effect as if the
original signature had been delivered to the other party.

[SIGNATURE PAGE FOLLOWS]

-15-

 

     IN WITNESS WHEREOF, the parties hereto have executed this Amended and Restated Registration
Rights Agreement as of the date and year first written above.

	 	 	 	 	 
	 	THE COMPANY:

OMNITURE, INC.

	 
	 	Name:	/s/ Joshua G. James	 
	 	 	Joshua G. James 	 
	 	 	Chief Executive Officer 	 
	 

[Signature Page to Amended and Restated Registration Rights Agreement]

 

 

	 	 	 	 	 
	 	INVESTORS:

BAVP VII, L.P.

	 
	 	By:  	BA Venture Partners VII, LLC,
its General Partner
	 
	 	 	 	 
	 	 	 	 
	 	By:  	/s/ Rory O'Driscoll	 
	 	 	 	 
	 	Name:  	Rory O'Driscoll	 
	 	 	 	 
	 	Title:  	Managing Member 	 
	 

-2-

 

	 	 	 	 	 
	 	INVESTORS:

Hummer Winblad Venture Partners V, L.P.,

as nominee for

Hummer Winblad Venture Partners V, L.P. and

Hummer Winblad Venture Partners V-A, L.P.

by: Hummer Winblad Equity Partners V, L.L.C.,
	 
	 	 	 
	 	 	General Partner

	 
	 	By:  	/s/ Todd Forrest	 
	 	 	Todd Forrest 	 
	 	 	its Chief Financial Officer 	 
	 

-3-

 

	 	 	 	 	 
	 	ADDITIONAL HOLDER:

SILICON VALLEY BANK

	 
	 	By:  	/s/ Bruce Helberg	 
	 	Name:  	Bruce Helberg 	 
	 	Title:  	Vice President 	 
	 

-4-

 

EXHIBIT A

Investors

Name and Address

 

	 	 	 
	David Fraser Bullock

	 	M&S Investments, LLC.
	 
	 	 
	Roger B. McOmber

	 	John E. Richards
	 
	 	 
	Martin Culver

	 	Bradley Larkin
	 
	 	 
	Richard M. Knapp

	 	Peter Richards
	 
	 	 
	Scott W. Frazier

	 	Ty D. Mattingly
	 
	 	 
	Redlitz Family Trust ID #95-6579773

	 	E. Jeffrey Smith
	 
	 	 
	Edwin H. Adams

	 	David B. Allen
	 
	 	 
	Keith Leavitt

	 	Peter D. Harrison
	 
	 	 
	Sunridge Development Corp.

	 	D. Todd Shepherd
	 
	 	 
	James E. Sheffield

	 	Mark C. Hendricks
	 
	 	 
	Brent Robinson

	 	Andrew Dischman
	 
	 	 
	Stanford J. Ricks

	 	Ben Dummar
	 
	 	 
	Shawn K. O’Neill

	 	Alpine Securities, FBO J. Anthony Antonelli
	 
	 	 
	Lindorf Angel Investments LLC

	 	Vintage Estates LLC
	 
	 	 
	Stephen W. Gibson, Trustee for Stephen W.
Gibson Trust dated 06/25/91

	 	David Timpson

 

 

Name and Address

 

	 	 	 
	Nathan Ricks, Trustee of the J.T. Management, Inc. Emp. Ret. Plan
	 	VeriSign Capital Management, Inc.
	 	487 Middlefield Road, Building 2
	 	Mountain View, CA 94043
	 	Attn: General Counsel

	 
	 	 
	F&W Investments 1999

	 	University Opportunity Fund, LLC
	c/o Fenwick & West LLP

	 	299 South Main Street, Suite 900
	Silicon Valley Center

	 	Salt Lake City, UT 84111
	801 California, Mountain View, CA 94041

	 	Attn: Jared Hutchings
	 
	 	 
	Beverly Parenti

	 	Hummer Winblad Venture Partners V, L.P.
	 

	 	1 Lombard Street
	 

	 	San Francisco, CA 94111
	 

	 	Attn: Todd Forrest
	 
	 	 
	G&J Capital Management

	 	The Board of Trustees of the Leland
	 

	 	Stanford Junior University (Daper1)
	 

	 	Stanford Management Company
	 

	 	2770 Sand Hill Road
	 

	 	Menlo Park, CA 94025
	TPP Capital Advisors Ltd.

	 	Attn: Tyler Edelstein
	 
	 	 
	Margaret B. Horne Family Revocable Trust dated October 16, 1992
	 	F&W Investments LLC — Series 2004
	 	Silicon Valley Center
	 	801 California St., Mountain View, CA 94041
	 
	 	 
	Kyle Bowen Love, Trustee of KCL NACT Unitrust dtd 11/16/94
	 	DoubleClick Inc.
	 	111 Eighth Avenue
	 	New York, NY 10011
	 	Fax: 212-683-0001
	 	Attention: General Counsel
	 
	 	 
	Frank Johnson

	 	BAVP VII, L.P.
	 

	 	950 Tower Lane, Suite 700
	 

	 	Foster City, CA 94404
	 
	 	 
	Edward and Valerie Johnson
	 	 
	 
	 	 
	University Opportunity Affiliates Fund, LLC

	 	Attractor Ventures LLC
	299 South Main Street, Suite 900

	 	1440 Chapin Ave., Suite 201
	Salt Lake City, UT 84111

	 	Burlingame, CA 94010
	Attn: Jared Hutchings

	 	Attention: Harvey Allison
	 
	 	 
	Attractor QP LP

	 	Attractor LP
	1440 Chapin Ave., Suite 201

	 	1440 Chapin Ave., Suite 201
	Burlingame, CA 94010

	 	Burlingame, CA 94010
	Attention: Harvey Allison

	 	Attention: Harvey Allison

 

 

Name and Address

 

	 	 	 
	Attractor Institutional LP

	 	Arc Securities Ltd
	1440 Chapin Ave., Suite 201

	 	La Corvee House, La Corvee, Alderney
	Burlingame, CA 94010

	 	Channel Islands, GY93Tq
	Attention: Harvey Allison

	 	Admin. Office:
	 

	 	47 Strand Street, Suite 401, Cape Town 8001
	 
	 	 
	Francis Chen

	 	Levinthal/Schlein Family Trust
	 
	 	 
	Monarch Partners, LLC

	 	Shawn & Shannon O’Neill
	 
	 	 
	WS Investment Company, LLC (2005C)

	 	Beverly Parenti
	650 Page Mill Road
	 	 
	Palo Alto, CA 94304-1050
	 	 
	 
	 	 
	Dragon Development, LLC

	 	The Lynch Family Trust Agreement dated the
15th day of May, 2005, Morgan I. Lynch and
Rachelle Lynch,

Trustees

 

 

EXHIBIT B

Founders

Name and Address

 

Joshua G. James

Cocolalla, LLC

Erutinmo, LLC

Joseph F. Ollivier

The John Pestana Variable Charitable Trust, an irrevocable trust

 

 

EXHIBIT C

Additional Holders

Name and Address

 

3i Technology Partners II LP

275 Middlefield Road

Menlo Park, CA 94025

3i Global Technology 2004-06 LP

275 Middlefield Road

Menlo Park, CA 94025

3i Pan European Technology 2004-06 LP

275 Middlefield Road

Menlo Park, CA 94025

Mayflower LP

275 Middlefield Road

Menlo Park, CA 94025

Crosslink Ventures IV, L.P.

Two Embarcadero Center, Suite 2200

San Francisco, CA 94111

Crosslink Omega Ventures IV GmbH & Co. KG

Two Embarcadero Center, Suite 2200

San Francisco, CA 94111

Offshore Crosslink Omega Ventures IV (Cayman Islands Unit Trust)

Two Embarcadero Center, Suite 2200

San Francisco, CA 94111

Omega Bayview IV, LLC

Two Embarcadero Center, Suite 2200

San Francisco, CA 94111

Crosslink Crossover Fund IV, L.P.

Two Embarcadero Center, Suite 2200

San Francisco, CA 94111

Battery Ventures VII, L.P.

20 William Street, Suite 200

Wellesley, MA 02481

Battery Investment Partners VII, LLC

20 William Street, Suite 200

Wellesley, MA 02481

Silicon Valley Bank

3003 Tasman Drive

Santa Clara, CA 95054exv10w2wc

 

Exhibit 10.2C

[U.S.
(NON-CALIFORNIA) MASTER FORM FOR EXECUTIVE OFFICERS AND NON-EMPLOYEE DIRECTORS—DELETE THIS HEADING BEFORE USING]

No. _____

OMNITURE, INC.

1999 EQUITY INCENTIVE PLAN

STOCK OPTION AGREEMENT

This Stock Option Agreement (“Agreement”) is made and entered into as of the date of grant set
forth below (“Date of Grant”) by and between Omniture, Inc., a Delaware corporation (“Company”),
and the participant named below (“Participant”).

	 	 	 	 	 
	Participant:	 	 
	Address:	 	 
	Total Option Shares:	 	 
	Exercise Price Per Share:	 	 
	Date of Grant:	 	 
	Vesting Date:	 	 
	Expiration Date:	 	 
	Classification of Participant:

	 	o Exempt Employee
	 	o Nonexempt Employee
	Type of Stock Option:

	 	o Incentive Stock Option
	 	o Nonqualified Stock Option
	Vesting Schedule:	 	100% of the Shares will become Vested Shares (as defined below) on the Vesting Date specified above.

The Company hereby grants to Participant an option (“Option”) to purchase the total number of
shares of Common Stock of the Company set forth above as Total Option Shares (“Shares”) at the
Exercise Price Per Share set forth above (“Exercise Price”), subject to all of the terms and
conditions of this Agreement and the Company’s 1999 Equity Incentive Plan (“Plan”).

This Agreement incorporates by reference the Stock Option Agreement Terms and Conditions attached
hereto.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized
representative and Participant has executed this Agreement, effective as of the Date of Grant.

	 	 	 	 	 
	OMNITURE, INC.	 	PARTICIPANT
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

	 	 

(Signature)
	Name:
	 	 	 	 
	 

	 	 

	 	 

(Please print full name)
	Title:
	 	 	 	 
	 

	 	 
	 	 

-1-

 

No. _____

STOCK OPTION AGREEMENT

TERMS AND CONDITIONS

1. Stock Option Grant Terms and Conditions. These terms and conditions are incorporated
by reference into the Stock Option Agreement to which these terms and conditions are attached.
Capitalized terms not defined herein shall have the meanings ascribed to them in the Plan.

2. Exercise Period.

     2.1
Exercise Period of Option. [Exercisability and acceleration terms as determined by the Board or a Committee of the Board.]

     2.2 Vesting of Options. Shares that are vested pursuant to the schedule set forth
above are “Vested Shares.” Shares that are not vested pursuant to the schedule set forth above
are “Unvested Shares.”

     2.3 Expiration. The Option shall expire on the Expiration Date set forth above or as
provided in Section 3 below or pursuant to Section 5.6 of the Plan.

3. Termination.

     3.1 Termination Without Cause (Except Death or Disability). If Participant is
Terminated without Cause, except for death or Disability, the Option, to the extent (and only to
the extent) that it would have been exercisable by Participant on the Termination Date, may be
exercised by Participant no later than three (3) months after the Termination Date, but in any
event no later than the Expiration Date.

     3.2 Termination Because of Death or Disability. If Participant is Terminated because
of death or Disability of Participant (or Participant dies within three (3) months of Termination
when Termination is for any reason other than Participant’s Disability or for Cause), the Option,
to the extent that it is exercisable by Participant on the Termination Date, may be exercised by
Participant (or Participant’s legal representative) no later than twelve (12) months after the
Termination Date, but in any event no later than the Expiration Date. Any exercise beyond (a)
three (3) months after the Termination Date when the Termination is for any reason other than the
Participant’s death or disability, within the meaning of Section 22(e)(3) of the Internal Revenue
Code of 1986, as amended (the “Code”); or (b) twelve (12) months after the Termination Date when
the termination is for Participant’s disability, within the meaning of Section 22(e)(3) of the
Code, is deemed to be an NQSO.

-2-

 

     3.3 Termination for Cause. If Participant is Terminated for Cause, then the Option
will expire on Participant’s Termination Date, or at such later time and on such conditions as are
determined by the Committee.

     3.4 No Obligation to Employ. Nothing in the Plan or this Agreement shall confer on
Participant any right to continue in the employ of, or other relationship with, the Company or any
Parent or Subsidiary of the Company, or limit in any way the right of the Company or any Parent or
Subsidiary of the Company to terminate Participant’s employment or other relationship at any time,
with or without Cause.

4. Manner of Exercise.

     4.1 Stock Option Exercise Agreement. To exercise this Option, Participant (or in the
case of exercise after Participant’s death or incapacity, Participant’s executor, administrator,
heir or legatee, as the case may be) must deliver to the Company an executed stock option exercise
agreement in the form attached hereto as Exhibit A, or in such other form as may be
approved by the Committee from time to time (the “Exercise Agreement”), which shall set forth,
inter alia, (a) Participant’s election to exercise the Option, (b) the number of Shares being
purchased, (c) any restrictions imposed on the Shares and (d) any representations, warranties and
agreements regarding Participant’s investment intent and access to information as may be required
by the Company to comply with applicable securities laws. If someone other than Participant
exercises the Option, then such person must submit documentation reasonably acceptable to the
Company verifying that such person has the legal right to exercise the Option.

     4.2 Limitations on Exercise. The Option may not be exercised unless such exercise is
in compliance with all applicable federal and state securities laws, as they are in effect on the
date of exercise. The Option may not be exercised as to fewer than 100 Shares unless it is
exercised as to all Shares as to which the Option is then exercisable.

     4.3 Payment. The Exercise Agreement shall be accompanied by full payment of the
Exercise Price for the shares being purchased in cash (by check), or where permitted by law:

	 	(a)	 	by surrender of shares of the Company’s Common Stock that (i)
either (A) have been owned by Participant for more than six (6) months and have
been paid for within the meaning of SEC Rule 144 (and, if such shares were
purchased from the Company by use of a promissory note, such note has been
fully paid with respect to such shares); or (B) were obtained by Participant in
the open public market; and (ii) are clear of all liens, claims, encumbrances
or security interests;
	 
	 	(b)	 	provided that a public market for the Company’s stock exists:
(i) through a “same day sale” commitment from Participant and a broker-dealer
that is a member of the National Association of Securities Dealers (an “NASD
Dealer”) whereby Participant irrevocably elects to exercise the Option and to
sell a portion of the Shares so purchased sufficient to pay for the total
Exercise Price and whereby the NASD Dealer irrevocably commits upon receipt of
such Shares to forward the total Exercise Price directly to the Company, or
(ii) through a “margin” commitment from Participant and an NASD Dealer whereby
Participant irrevocably elects to exercise the Option and to pledge the Shares
so purchased to the NASD Dealer in a margin account as security for a loan from
the NASD Dealer in the amount of the total Exercise Price, and whereby the NASD
Dealer irrevocably commits upon receipt of such Shares to forward the total
Exercise Price directly to the Company; or

-3-

 

	 	(c)	 	any other form of consideration approved by the Committee; or
	 
	 	(d)	 	by any combination of the foregoing.

     4.4 Tax Withholding. Prior to the issuance of the Shares upon exercise of the
Option, Participant must pay or provide for any applicable national, federal, state, local and
other similar withholding obligations of the Company. If the Committee permits, Participant may
provide for payment of withholding taxes upon exercise of the Option by requesting that the
Company retain the minimum number of Shares with a Fair Market Value equal to the minimum amount
of taxes required to be withheld; but in no event will the Company withhold Shares if such
withholding would result in adverse accounting consequences to the Company. In such case, the
Company shall issue the net number of Shares to the Participant by deducting the Shares retained
from the Shares issuable upon exercise.

     4.5 Issuance of Shares. Provided that the Exercise Agreement and payment are in form
and substance satisfactory to counsel for the Company, the Company shall issue the Shares
registered in the name of Participant, Participant’s authorized assignee, or Participant’s legal
representative, and shall deliver certificates representing the Shares with the appropriate
legends affixed thereto.

5. Notice of Disqualifying Disposition of ISO Shares. If designated as an Incentive Stock
Option above, the Option is intended to qualify as an “incentive stock option” (the “ISO”) within
the meaning of Section 422 of the Code. If the Option is an ISO, and if Participant sells or
otherwise disposes of any of the Shares acquired pursuant to the ISO on or before the later of (a)
the date two (2) years after the Date of Grant, and (b) the date one (1) year after transfer of
such Shares to Participant upon exercise of the Option, Participant shall immediately notify the
Company in writing of such disposition. Participant agrees that Participant may be subject to
income tax withholding by the Company on the compensation income recognized by Participant from
the early disposition by payment in cash or out of the current wages or other compensation payable
to Participant.

6. Compliance with Laws and Regulations. The Plan and this Agreement are intended to
comply with any regulations relating thereto. Any provision of this Agreement which is
inconsistent with any regulations relating thereto shall, without further act or amendment by the
Company or the Board, be reformed to comply with the requirements of any regulations relating
thereto. The exercise of the Option and the issuance and transfer of Shares shall be subject to
compliance by the Company and Participant with all applicable requirements of federal and state
securities laws and with all applicable requirements of any stock exchange on which the Company’s
Common Stock may be listed at the time of such issuance or transfer. Participant understands that
the Company is under no obligation to register or qualify the Shares with the SEC, any state
securities commission or any stock exchange to effect such compliance.

7. Nontransferability of Option. The Option may not be transferred in any manner other
than by will or by the laws of descent and distribution and may be exercised during the lifetime
of Participant only by Participant or in the event of Participant’s incapacity, by Participant’s
legal representative. The terms of the Option shall be binding upon the executors,
administrators, successors and assigns of Participant.

8. Company’s Repurchase Option for Unvested Shares. The Company, or its assignee, shall
have the option to repurchase Participant’s Unvested Shares (as defined in Section 2.2 of
this Agreement) on the terms and conditions set forth in the Exercise Agreement (the “Repurchase
Option”) if Participant is Terminated (as defined in the Plan) for any reason, or no reason,
including without limitation Participant’s death, Disability (as defined in the Plan), voluntary
resignation or termination by the Company with or without Cause. Notwithstanding the foregoing,
the Company shall retain the

-4-

 

Repurchase Option for Unvested Shares only as to that number of Unvested Shares (whether or not
exercised) that exceeds the number of shares which remain unexercised.

9. Company’s Right of First Refusal. Unvested Shares may not be sold or otherwise
transferred by Participant without the Company’s prior written consent. Before any Vested Shares
held by Participant or any transferee of such Vested Shares may be sold or otherwise transferred
(including without limitation a transfer by gift or operation of law), the Company and/or its
assignee(s) shall have an assignable right of first refusal to purchase the Vested Shares to be
sold or transferred on the terms and conditions set forth in the Exercise Agreement (the “Right of
First Refusal”). The Company’s Right of First Refusal will terminate when the Company’s securities
become publicly traded.

10. Tax Consequences. Set forth below is a brief summary as of the Effective Date of the
Plan of some of the federal and Utah tax consequences of exercise of the Option and disposition of
the Shares. THIS SUMMARY IS NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT
TO CHANGE. PARTICIPANT SHOULD CONSULT A TAX ADVISER BEFORE EXERCISING THE OPTION OR DISPOSING OF
THE SHARES.

     10.1 Exercise of ISO. If the Option qualifies as an ISO, there will be no regular
federal or Utah income tax liability upon the exercise of the Option, although the excess, if any,
of the Fair Market Value of the Shares on the date of exercise over the Exercise Price will be
treated as a tax preference item for federal alternative minimum tax purposes and may subject the
Participant to the alternative minimum tax in the year of exercise.

     10.2 Exercise of Nonqualified Stock Option. If the Option does not qualify as an
ISO, there may be a regular federal and Utah or other state income tax liability upon the exercise
of the Option. Participant will be treated as having received compensation income (taxable at
ordinary income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on
the date of exercise over the Exercise Price. If Participant is a current or former employee of
the Company, the Company may be required to withhold from Participant’s compensation or collect
from Participant and pay to the applicable taxing authorities an amount equal to a percentage of
this compensation income at the time of exercise.

     10.3 Disposition of Shares. The following tax consequences may apply upon disposition
of the Shares.

          (a) Incentive Stock Options. If the Shares are held for more than twelve (12) months
after the date of the transfer of the Shares pursuant to the exercise of an ISO and are disposed of
more than two (2) years after the Date of Grant, any gain realized on disposition of the Shares
will be treated as long term capital gain for federal and Utah income tax purposes. If Shares
purchased under an ISO are disposed of within the applicable one (1) year or two (2) year period,
any gain realized on such disposition will be treated as compensation income (taxable at ordinary
income rates) to the extent of the excess, if any, of the Fair Market Value of the Shares on the
date of exercise over the Exercise Price.

          (b) Nonqualified Stock Options. If the Shares are held for more than twelve (12)
months after the date of the transfer of the Shares pursuant to the exercise of an NQSO, any gain
realized on disposition of the Shares will be treated as long term capital gain.

          (c) Withholding. The Company may be required to withhold from the Participant’s
compensation or collect from the Participant and pay to the applicable taxing authorities an amount
equal to a percentage of this compensation income.

-5-

 

     10.4. Section 83(b) Election for Unvested Shares. With respect to Unvested Shares,
which are subject to the Repurchase Option, unless an election is filed by the Participant with
the Internal Revenue Service (and, if necessary, the proper state taxing authorities), within 30
days of the purchase of the Unvested Shares, electing pursuant to Section 83(b) of the Code (and
similar state tax provisions, if applicable) to be taxed currently on any difference between the
Exercise Price of the Unvested Shares and their Fair Market Value on the date of purchase, there
may be a recognition of taxable income (including, where applicable, alternative minimum taxable
income) to the Participant, measured by the excess, if any, of the Fair Market Value of the
Unvested Shares at the time they cease to be Unvested Shares, over the Exercise Price of the
Unvested Shares.

11. Privileges of Stock Ownership. Participant shall not have any of the rights of a
stockholder with respect to any Shares until the Shares are issued to Participant.

12. Interpretation. Any dispute regarding the interpretation of this Agreement shall be
submitted by Participant or the Company to the Committee for review. The resolution of such a
dispute by the Committee shall be final and binding on the Company and Participant.

13. Entire Agreement. The Plan is incorporated herein by reference. This Agreement and
the Plan constitute the entire agreement of the parties and supersede all prior undertakings and
agreements with respect to the subject matter hereof.

14. Notices. Any notice required to be given or delivered to the Company under the terms
of this Agreement shall be in writing and addressed to the Corporate Secretary of the Company at
its principal corporate offices. Any notice required to be given or delivered to Participant
shall be in writing and addressed to Participant at the address indicated above or to such other
address as such party may designate in writing from time to time to the Company. All notices
shall be deemed to have been given or delivered upon: (a) personal delivery; (b) three (3) days
after deposit in the United States mail by certified or registered mail (return receipt
requested); (c) one (1) business day after deposit with any return receipt express courier
(prepaid); or (d) one (1) business day after transmission by facsimile, rapifax or telecopier.

15. Successors and Assigns. The Company may assign any of its rights under this
Agreement. including its rights to purchase Shares under the Repurchase Option and the Right of
First Refusal. This Agreement shall be binding upon and inure to the benefit of the successors
and assigns of the Company. Subject to the restrictions on transfer set forth herein, this
Agreement shall be binding upon Participant and Participant’s heirs, executors, administrators,
legal representatives, successors and assigns.

16. Governing Law. This Agreement shall be governed by and construed in accordance with
the laws of the State of Utah as such laws are applied to agreements between Utah residents
entered into and to be performed entirely within Utah. If any provision of this Agreement is
determined by a court of law to be illegal or unenforceable, then such provision will be enforced
to the maximum extent possible and the other provisions will remain fully effective and
enforceable.

17. Acceptance. Participant hereby acknowledges receipt of a copy of the Plan and this
Agreement. Participant has read and understands the terms and provisions thereof, and accepts the
Option subject to all the terms and conditions of the Plan and this Agreement. Participant
acknowledges that there may be adverse tax consequences upon exercise of the Option or disposition
of the Shares and that Participant should consult a tax adviser prior to such exercise or
disposition.

-6-

 

EXHIBIT A

FORM OF STOCK OPTION EXERCISE AGREEMENT

 

No. _____

OMNITURE, INC.

1999 EQUITY INCENTIVE PLAN

STOCK OPTION EXERCISE AGREEMENT

THIS STOCK OPTION EXERCISE AGREEMENT (“Exercise Agreement”) is made and entered into as of
                     (“Effective Date”) by and between Omniture, Inc., a Delaware corporation (“Company”),
and the purchaser named below (“Purchaser”).

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	Purchaser:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Social Security Number:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Address:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Total Number of Shares Purchased:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Exercise Price Per Share:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Total Purchase Price:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 

	 	Date of Grant:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Type of Stock Option:	 	o Incentive                    oNonqualified
	 

	 	Title to Shares:	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	(exact spelling of the name(s) under which
Purchaser will take title to the Shares)
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	Form of Title:	 	Purchaser desires to take title to the Shares as follows:
	 	 	 	 	o	 	 	Individual, as separate property
	 	 	 	 	o	 	 	Husband and wife, as community property
	 	 	 	 	o	 	 	Joint Tenants
	 

	 	 	 	o	 	 	Other, please specify:	 	 
	 

	 	 	 	 	 	 	 	 	 	 

	 	 	Form of Payment:	 	o	 	 	Cash (by check)
	 	 	 	 	o	 	 	Surrender of Shares
	 	 	 	 	o	 	 	Same Day Sale or Margin Commitment
	 	 	Exhibits:	 	1.	 	 	Stock Power and Assignment
	 	 	 	 	2.	 	 	Consent of Spouse
	 	 	 	 	3.	 	 	Copy of Check
	 	 	 	 	4.	 	 	Election under Section 83(b)

This Exercise Agreement incorporates by reference the Stock Option Exercise Agreement Terms and
Conditions attached hereto.

IN WITNESS WHEREOF, the Company has caused this Exercise Agreement to be executed by its duly
authorized representative and Participant has executed this Exercise Agreement, effective as of
the Effective Date.

	 	 	 	 	 	 	 
	OMNITURE, INC.	 	 	 	PURCHASER
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

(Signature)

	 	 	 	 	 	 	 
	Name:
	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

(Please print full name)

	 	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 

	 	 
	 	 

-1-

 

No. _____

STOCK OPTION EXERCISE AGREEMENT

TERMS AND CONDITIONS

1. EXERCISE OF OPTION.

     1.1 Exercise. Pursuant to exercise of that certain option (the “Option”)
granted to Purchaser under the Company’s 1999 Equity Incentive Plan (the “Plan”). and subject to
the terms and conditions of this Exercise Agreement, Purchaser hereby purchases from the Company,
and the Company hereby sells to Purchaser, the Total Number of Shares set forth above (the
“Shares”) of the Company’s Common Stock $0.001 par value per share, at the Exercise Price Per Share
set forth above (the “Exercise Price”). As used in this Exercise Agreement, the term “Shares”
refers to the Shares purchased under this Exercise Agreement and includes all securities received
(a) in replacement of the Shares, (b) as a result of stock dividends or stock splits with respect
to the Shares, and (c) all securities received in replacement of the Shares in a merger,
recapitalization, reorganization or similar corporate transaction.

     1.2 Payment. Purchaser hereby delivers payment of the Exercise Price in the
manner permitted in the Stock Option Agreement as set forth on the first page above.

     1.3 Terms and Conditions. These terms and conditions are incorporated by reference
into the Stock Option Exercise Agreement to which these terms and conditions are attached.

2. DELIVERY.

     2.1 Deliveries by Purchaser. Purchaser hereby delivers to the Company (a)
this Exercise Agreement, (b) two (2) copies of a blank Stock Power and Assignment Separate from
Stock Certificate in the form of Exhibit 1 attached hereto (the “Stock Powers”), both
executed by Purchaser (and Purchaser’s spouse, if any), (c) if Purchaser is married, a Consent of
Spouse in the form of Exhibit 2 attached hereto (the “Spouse Consent”) executed by
Purchaser’s spouse, and (d) the Exercise Price and payment or other provision for any applicable
tax obligations in the form of a check, a copy of which is attached hereto as Exhibit 3.

     2.2 Deliveries by the Company. Upon its receipt of the Exercise Price,
payment or other provision for any applicable tax obligations and all the documents to be executed
and delivered by Purchaser to the Company under Section 2.1 above, the Company will issue a
duly executed stock certificate evidencing the Shares in the name of Purchaser to be placed in
escrow as provided in Section 11 below until expiration or termination of the Company’s
Right of First Refusal and Repurchase Option described in Section 8 and Section 9
below.

3. REPRESENTATIONS AND WARRANTIES OF PURCHASER. Purchaser represents and
warrants to the Company that:

     3.1 Agrees to Terms of the Plan. Purchaser has received a copy of the Plan
and the Stock Option Agreement, has read and understands the terms of the Plan, the Stock Option
Agreement and this Exercise Agreement, and agrees to be bound by their terms and conditions.
Purchaser acknowledges that there may be adverse tax consequences upon exercise of the Option or
disposition of the Shares, and that Purchaser should consult a tax adviser prior to such exercise
or disposition.

     3.2 Purchase for Own Account for Investment. Purchaser is purchasing the
Shares for Purchaser’s own account for investment purposes only and not with a view to, or for sale
in connection

-2-

 

with, a distribution of the Shares within the meaning of the Securities Act. Purchaser has no
present intention of selling or otherwise disposing of all or any portion of the Shares and no one
other than Purchaser has any beneficial ownership of any of the Shares.

     3.3 Access to Information. Purchaser has had access to all information
regarding the Company and its present and prospective business, assets, liabilities and financial
condition that Purchaser reasonably considers important in making the decision to purchase the
Shares, and Purchaser has had ample opportunity to ask questions of the Company’s representatives
concerning such matters and this investment.

     3.4 Understanding of Risks. Purchaser is fully aware of: (a) the highly
speculative nature of the investment in the Shares; (b) the financial hazards involved; (c) the
lack of liquidity of the Shares and the restrictions on transferability of the Shares (e.g., that
Purchaser may not be able to sell or dispose of the Shares or use them as collateral for loans);
(d) the qualifications and backgrounds of the management of the Company; and (e) the tax
consequences of investment in the Shares. Purchaser is capable of evaluating the merits and risks
of this investment, has the ability to protect Purchaser’s own interests in this transaction and is
financially capable of bearing a total loss of this investment.

     3.5 No General Solicitation. At no time was Purchaser presented with or
solicited by any publicly issued or circulated newspaper, mail, radio, television or other form of
general advertising or solicitation in connection with the offer, sale and purchase of the Shares.

4. COMPLIANCE WITH SECURITIES LAWS. Purchaser understands and acknowledges that
the Shares have not been registered with the SEC under the Securities Act nor any applicable state
securities laws, and that, notwithstanding any other provision of the Stock Option Agreement to the
contrary, the exercise of any rights to purchase any Shares is expressly conditioned upon
compliance with the Securities Act and all applicable state securities laws. Purchaser agrees to
cooperate with the Company to ensure compliance with such laws.

5. RESTRICTED SECURITIES.

     5.1 No Transfer Unless Registered or Exempt. Purchaser understands that
Purchaser may not transfer any Shares unless such Shares are registered under the Securities Act or
qualified under applicable state securities laws or unless, in the opinion of counsel to the
Company, exemptions from such registration and qualification requirements are available. Purchaser
understands that only the Company may file a registration statement with the SEC and that the
Company is under no obligation to do so with respect to the Shares. Purchaser has also been
advised that exemptions from registration and qualification may not be available or may not permit
Purchaser to transfer all or any of the Shares in the amounts or at the times proposed by
Purchaser.

     5.2 SEC Rule 144. In addition, Purchaser has been advised that SEC Rule 144
promulgated under the Securities Act, which permits certain limited sales of unregistered
securities, is not presently available with respect to the Shares and, in any event, requires that
the Shares be held for a minimum of one (1) year, and in certain cases two (2) years, after they
have been purchased and paid for (within the meaning of Rule 144). Purchaser understands that Rule
144 may indefinitely restrict transfer of the Shares so long as Purchaser remains an “affiliate” of
the Company or if “current public information” about the Company (as defined in Rule 144) is not
publicly available.

     5.3 SEC Rule 701. To the extent the Shares are issued pursuant to SEC Rule
701 promulgated under the Securities Act, they may become freely tradeable by non-affiliates (under
limited conditions regarding the method of sale) 90 days after 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 SEC,

-3-

 

subject to the lengthier market standoff agreement contained in Section 7 of this
Exercise Agreement or any other agreement entered into by Purchaser. Affiliates must comply with
the provisions (other than the holding period requirements) of Rule 144.

6. RESTRICTIONS ON TRANSFERS.

     6.1 Disposition of Shares. Purchaser hereby agrees that Purchaser shall
make no disposition of the Shares (other than as permitted by this Exercise Agreement) unless and
until:

          (a) Purchaser shall have notified the Company of the proposed disposition and
provided a written summary of the terms and conditions of the proposed disposition;

          (b) Purchaser shall have complied with all requirements of this Exercise Agreement
applicable to the disposition of the Shares;

          (c) Purchaser shall have provided the Company with written assurances, in form and
substance satisfactory to counsel for the Company, that (i) the proposed disposition does not
require registration of the Shares under the Securities Act or (ii) all appropriate actions
necessary for compliance with the registration requirements of the Securities Act or of any
exemption from registration available under the Securities Act (including Rule 144) have been
taken; and

          (d) Purchaser shall have provided the Company with written assurances, in form and
substance satisfactory to the Company, that the proposed disposition will not result in the
contravention of any transfer restrictions applicable to the Shares pursuant to the provisions of
the Regulations referred to in Section 4 above.

     6.2 Restriction on Transfer. Purchaser shall not transfer, assign, grant a
lien or security interest in, pledge, hypothecate, encumber or otherwise dispose of any of the
Shares which are subject to the Company’s Repurchase Option or the Company’s Right of First Refusal
described below, except as permitted by this Exercise Agreement.

     6.3 Transferee Obligations. Each person (other than the Company) to whom
the Shares are transferred by means of one of the permitted transfers specified in this Exercise
Agreement must, as a condition precedent to the validity of such transfer, acknowledge in writing
to the Company that such person is bound by the provisions of this Exercise Agreement and that the
transferred Shares are subject to (a) both the Company’s Repurchase Option and the Company’s Right
of First Refusal granted hereunder; and (b) the market stand-off provisions of Section 7
below.

     6.4 Transfers in Violation of Agreement. Any transfer or attempted transfer
of any Shares in violation of any provision of this Agreement will be void, and the Company will
not record such transfer on its books or records or treat any purported transferee(s) of such
Shares as the owner of such shares for any purpose.

7. MARKET STANDOFF AGREEMENT. Purchaser agrees in connection with any
registration of the Company’s securities that, upon the request of the Company or the underwriters
managing any public offering of the Company’s securities, Purchaser will not sell or otherwise
dispose of any Shares without the prior written consent of the Company or such underwriters, as the
case may be, for such period of time (not to exceed 180 days, unless requested in writing by the
managing underwriter and the Company to facilitate compliance with Rule 2711 of the National
Association of Securities Dealers or similar rule applicable to the Company) after the effective
date of such registration requested by such managing underwriters and subject to all restrictions
as the Company or the underwriters may specify.

-4-

 

Purchaser further agrees to enter into any agreement reasonably required by the underwriters to
implement the foregoing.

8. COMPANY’S REPURCHASE OPTION FOR UNVESTED SHARES. The Company, or its
assignee, shall have the option to repurchase all or a portion of the Purchaser’s Unvested Shares
(as defined in Section 2.2 of the Stock Option Agreement) on the terms and conditions set
forth in this Section 8 (the “Repurchase Option”) if Purchaser is Terminated (as defined in
the Plan) for any reason, or no reason, including without limitation, Purchaser’s death, Disability
(as defined in the Plan), voluntary resignation or termination by the Company with or without
Cause. Notwithstanding the foregoing, the Company shall retain the Repurchase Option for Unvested
Shares only as to that number of Unvested Shares (whether or not exercised) that exceeds the number
of Vested shares which remain unexercised.

     8.1 Termination and Termination Date. In case of any dispute as to whether
Purchaser is Terminated, the Committee shall have discretion to determine whether Purchaser has
been Terminated and the effective date of such Termination (the “Termination Date”).

     8.2 Exercise of Repurchase Option. At any time within 90 days after the
Purchaser’s Termination Date (or, in the case of securities issued upon exercise of an Option after
the Purchaser’s Termination Date, within 90 days after the date of such exercise), the Company, or
its assignee, may elect to repurchase any or all the Purchaser’s Unvested Shares by giving
Purchaser written notice of exercise of the Repurchase Option.

     8.3 Calculation of Repurchase Price for Unvested Shares. The Company or its
assignee shall have the option to repurchase from Purchaser (or from Purchaser’s personal
representative as the case may be) the Unvested Shares at the Purchaser’s Exercise Price,
proportionately adjusted for any stock split or similar change in the capital structure of the
Company as set forth in Section 2.2 of the Plan (the “Repurchase Price”).

     8.4 Payment of Repurchase Price. The Repurchase Price shall be payable, at
the option of the Company or its assignee, by check or by cancellation of all or a portion of any
outstanding purchase money indebtedness owed by Purchaser to the Company or such assignee, or by
any combination thereof. The Repurchase Price shall be paid without interest within the term of
the Repurchase Option as described in Section 8.2 above.

     8.5 Right of Termination Unaffected. Nothing in this Exercise Agreement
shall be construed to limit or otherwise affect in any manner whatsoever the right or power of the
Company (or any Parent or Subsidiary of the Company) to terminate Purchaser’s employment or other
relationship with Company (or the Parent or Subsidiary of the Company) at any time, for any reason
or no reason, with or without Cause.

9. COMPANY’S RIGHT OF FIRST REFUSAL. Unvested Shares may not be sold or
otherwise transferred without the Company’s prior written consent. Before any Vested Shares held
by Purchaser or any transferee of such Shares (either sometimes referred to herein as the “Holder”)
may be sold or otherwise transferred (including, without limitation, a transfer by gift or
operation of law), the Company and/or its assignee(s) will have a right of first refusal to
purchase the Vested Shares to be sold or transferred (the “Offered Shares”) on the terms and
conditions set forth in this Section 9 (the “Right of First Refusal”).

     9.1 Notice of Proposed Transfer. The Holder of the Offered Shares will
deliver to the Company a written notice (the “Notice”) stating: (a) the Holder’s bona fide
intention to sell or otherwise transfer the Offered Shares; (b) the name and address of each
proposed purchaser or other transferee (the

-5-

 

“Proposed Transferee”); (c) the number of Offered Shares to be transferred to each Proposed
Transferee; (d) the bona fide cash price or other consideration for which the Holder proposes to
transfer the Offered Shares (the “Offered Price”); and (e) that the Holder acknowledges this Notice
is an offer to sell the Offered Shares to the Company and/or its assignee(s) pursuant to the
Company’s Right of First Refusal at the Offered Price as provided for in this Exercise Agreement.

     9.2 Exercise of Right of First Refusal. At any time within 90 days after
the date of the Notice, the Company and/or its assignee(s) may, by giving written notice to the
Holder, elect to purchase all (or, with the consent of the Holder, less than all) the Offered
Shares proposed to be transferred to any one or more of the Proposed Transferees named in the
Notice, at the purchase price, determined as specified below.

     9.3 Purchase Price. The purchase price for the Offered Shares purchased
under this Section 9 will be the Offered Price, provided that if the Offered Price consists
of no legal consideration (as, for example, in the case of a transfer by gift) the purchase price
will be the fair market value of the Offered Shares as determined in good faith by the Company’s
Board of Directors. If the Offered Price includes consideration other than cash, then the value of
the non-cash consideration, as determined in good faith by the Company’s Board of Directors, will
conclusively be deemed to be the cash equivalent value of such non-cash consideration.

     9.4 Payment. Payment of the purchase price for the Offered Shares will be
payable, at the option of the Company and/or its assignee(s) (as applicable), by check or by
cancellation of all or a portion of any outstanding purchase money indebtedness owed by the Holder
to the Company (or to such assignee, in the case of a purchase of Offered Shares by such assignee)
or by any combination thereof. The purchase price will be paid without interest within 60 days
after the Company’s receipt of the Notice, or, at the option of the Company and/or its assignee(s),
in the manner and at the time(s) set forth in the Notice.

     9.5 Holder’s Right to Transfer. If all of the Offered 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 9, then the Holder may sell or otherwise
transfer such Offered Shares to each Proposed Transferee at the Offered Price or at a higher price,
provided that (a) such sale or other transfer is consummated within 120 days after the date of the
Notice, (b) any such sale or other transfer is effected in compliance with all applicable
securities laws, and (c) each Proposed Transferee agrees in writing that the provisions of this
Section 9 will continue to apply to the Offered Shares in the hands of such Proposed
Transferee. If the Offered Shares described in the Notice are not transferred to each Proposed
Transferee within such 120-day period, then a new Notice must be given to the Company pursuant to
which the Company will again be offered the Right of First Refusal before any Shares held by the
Holder may be sold or otherwise transferred.

     9.6 Exempt Transfers. Notwithstanding anything to the contrary in this
Section 9, the following transfers of Vested Shares will be exempt from the Right of First
Refusal: (a) the transfer of any or all of the Vested Shares during Purchaser’s lifetime by gift or
on Purchaser’s death by will or intestacy to Purchaser’s “Immediate Family” (as defined below) or
to a trust for the benefit of Purchaser or Purchaser’s Immediate Family, provided that each
transferee or other recipient agrees in a writing satisfactory to the Company that the provisions
of this Section 9 will continue to apply to the transferred Vested Shares in the hands of
such transferee or other recipient; (b) any transfer or conversion of Vested Shares made pursuant
to a statutory merger or statutory consolidation of the Company with or into another corporation or
corporations; or (c) any transfer of Vested Shares pursuant to the winding up and dissolution of
the Company. As used herein, the term “Immediate Family” will mean Purchaser’s spouse, the lineal
descendant or antecedent, father, mother, brother or sister, child, adopted child,

-6-

 

grandchild or adopted grandchild of the Purchaser or the Purchaser’s spouse, or the spouse of
any of the above.

     9.7 Encumbrances on Shares. Purchaser may grant a lien or security interest
in, or pledge, hypothecate or encumber Vested Shares only if each party to whom such lien or
security interest is granted, or to whom such pledge, hypothecation or other encumbrance is made,
agrees in a writing satisfactory to the Company that: (a) such lien, security interest, pledge,
hypothecation or encumbrance will not apply to such Vested Shares after they are acquired by the
Company and/or its assignees under this Section 9; and (b) the provisions of this
Section 9 will continue to apply to such Vested Shares in the hands of such party and any
transferee of such party. Purchaser may not grant a lien or security interest in, or pledge,
hypothecate or encumber, any Unvested Shares.

10. RIGHTS AS A STOCKHOLDER. Subject to the terms and conditions of this
Exercise Agreement, Purchaser will have all of the rights of a stockholder of the Company with
respect to the Shares from and after the date that Shares are issued to Purchaser until such time
as Purchaser disposes of the Shares or the Company and/or its assignee(s) exercise(s) the
Repurchase Option or the Right of First Refusal. Upon an exercise of the Repurchase Option or the
Right of First Refusal, Purchaser will have no further rights as a holder of the Shares so
purchased upon such exercise, other than the right to receive payment for the Shares so purchased
in accordance with the provisions of this Exercise Agreement, and Purchaser will promptly surrender
the stock certificate(s) evidencing the Shares so purchased to the Company for transfer or
cancellation.

11. ESCROW. As security for Purchaser’s faithful performance of this Exercise
Agreement, Purchaser agrees, immediately upon receipt of the stock certificate(s) evidencing the
Shares, to deliver such certificate(s), together with the Stock Powers executed by Purchaser and by
Purchaser’s spouse, if any (with the date and number of Shares left blank), to the Secretary of the
Company or other designee of the Company (the “Escrow Holder”), who is hereby appointed to hold
such certificate(s) and Stock Powers in escrow and to take all such actions and to effectuate all
such transfers and/or releases of such Shares as are in accordance with the terms of this Exercise
Agreement. Purchaser and the Company agree that Escrow Holder will not be liable to any party to
this Exercise Agreement (or to any other party) for any actions or omissions unless Escrow Holder
is grossly negligent or intentionally fraudulent in carrying out the duties of Escrow Holder under
this Exercise Agreement. Escrow Holder may rely upon any letter, notice or other document executed
with any signature purported to be genuine and may rely on the advice of counsel and obey any order
of any court with respect to the transactions contemplated by this Exercise Agreement. The Shares
will be released from escrow upon termination of both the Repurchase Option and the Right of First
Refusal.

12. RESTRICTIVE LEGENDS AND STOP-TRANSFER ORDERS.

     12.1 Legends. Purchaser understands and agrees that the Company will place
the legends set forth below or similar legends on any stock certificate(s) evidencing the Shares,
together with any other legends that may be required by state or U.S. Federal securities laws, the
Company’s Certificate of Incorporation or Bylaws, any other agreement between Purchaser and the
Company or any agreement between Purchaser and any third party:

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER THE
SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO
RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR
RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND APPLICABLE STATE
SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION

-7-

 

THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE
FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE
ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND
SUBSTANCE SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED
TRANSFER OR RESALE IS IN COMPLIANCE WITH THE SECURITIES ACT AND ANY
APPLICABLE STATE SECURITIES LAWS.

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN
RESTRICTIONS ON RESALE AND TRANSFER, INCLUDING THE RIGHT OF REPURCHASE AND
RIGHT OF FIRST REFUSAL OPTIONS HELD BY THE ISSUER AND/OR ITS ASSIGNEE(S) AS
SET FORTH IN A STOCK OPTION EXERCISE AGREEMENT BETWEEN THE ISSUER AND THE
ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE
PRINCIPAL OFFICE OF THE ISSUER. SUCH SALE AND TRANSFER RESTRICTIONS
INCLUDING THE RIGHT OF REPURCHASE AND RIGHT OF FIRST REFUSAL ARE BINDING ON
TRANSFEREES OF THESE SHARES.

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON
TRANSFER FOR A PERIOD OF TIME AFTER THE EFFECTIVE DATE OF ANY PUBLIC
OFFERING OF THE ISSUER, WHICH ARE SET FORTH IN A CERTAIN AGREEMENT BETWEEN
THE ISSUER AND THE ORIGINAL HOLDER OF THESE SHARES, A COPY OF WHICH MAY BE
OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER, AND SUCH RESTRICTIONS ARE
BINDING ON TRANSFEREES OF THESE SHARES.

     12.2 Stop-Transfer Instructions. Purchaser agrees that, to ensure
compliance with the restrictions imposed by this Exercise Agreement, the Company may issue
appropriate “stop-transfer” instructions to its transfer agent, if any, and if the Company
transfers its own securities, it may make appropriate notations to the same effect in its own
records.

     12.3 Refusal to Transfer. The Company will not be required (a) to transfer
on its books any Shares that have been sold or otherwise transferred in violation of any of the
provisions of this Exercise Agreement or (b) 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 have been
so transferred.

13. TAX CONSEQUENCES. PURCHASER UNDERSTANDS THAT PURCHASER MAY SUFFER ADVERSE
TAX CONSEQUENCES AS A RESULT OF PURCHASER’S PURCHASE OR DISPOSITION OF THE SHARES. PURCHASER
REPRESENTS: (a) THAT PURCHASER HAS CONSULTED WITH ANY TAX ADVISER THAT PURCHASER DEEMS ADVISABLE
IN CONNECTION WITH THE PURCHASE OR DISPOSITION OF THE SHARES AND (b) THAT PURCHASER IS NOT RELYING
ON THE COMPANY FOR ANY TAX ADVICE. IN PARTICULAR, IF UNVESTED SHARES ARE SUBJECT TO REPURCHASE
BY THE COMPANY, PURCHASER REPRESENTS THAT PURCHASER HAS CONSULTED WITH PURCHASER’S OWN TAX ADVISER
CONCERNING THE ADVISABILITY OF FILING AN 83(b) ELECTION WITH THE INTERNAL REVENUE SERVICE, WHICH
MUST BE FILED WITHIN THIRTY (30) DAYS OF THE PURCHASE OF SHARES TO BE EFFECTIVE. THIS SUMMARY IS
NECESSARILY INCOMPLETE, AND THE TAX LAWS AND REGULATIONS ARE SUBJECT TO CHANGE. PURCHASER SHOULD
CONSULT HIS OR HER OWN TAX ADVISER BEFORE EXERCISING THIS OPTION OR DISPOSING OF THE SHARES. Set
forth below is a brief summary as of the date the Plan was adopted by the Board of some of the U.S.
Federal tax consequences of exercise of the Option and disposition of the Shares.

-8-

 

     13.1 Exercise of Incentive Stock Option. If the Option qualifies as an ISO,
there will be no regular U.S. Federal income tax liability upon the exercise of the Option,
although the excess, if any, of the Fair Market Value of the Shares on the date of exercise over
the Exercise Price will be treated as a tax preference item for U.S. Federal alternative minimum
tax purposes and may subject Purchaser to the alternative minimum tax in the year of exercise.

     13.2 Exercise of Nonqualified Stock Option. If the Option does not qualify
as an ISO, there may be a regular U.S. Federal income tax liability upon the exercise of the
Option. Purchaser will be treated as having received compensation income (taxable at ordinary
income tax rates) equal to the excess, if any, of the Fair Market Value of the Shares on the date
of exercise over the Exercise Price. If Purchaser is or was an employee of the Company, the
Company may be required to withhold from Purchaser’s compensation or collect from Purchaser and pay
to the applicable taxing authorities an amount equal to a percentage of this compensation income at
the time of exercise.

     13.3 Disposition of Shares. The following tax consequences may apply upon
disposition of the Shares.

          (a) Incentive Stock Options. If the Shares are held for more than twelve
(12) months after the date of purchase of the Shares pursuant to the exercise of an ISO and are
disposed of more than two (2) years after the Date of Grant, any gain realized on disposition of
the Shares will be treated as long term capital gain for federal income tax purposes. If Vested
Shares purchased under an ISO are disposed of within the applicable one (1) year or two (2) year
period, any gain realized on such disposition will be treated as compensation income (taxable at
ordinary income rates in the year of the disposition) to the extent of the excess, if any, of the
Fair Market Value of the Shares on the date of exercise over the Exercise Price. To the extent the
Shares were exercised prior to vesting coincident with the filing of an 83(b) Election, the amount
taxed because of a disqualifying disposition will be based upon the excess, if any, of the fair
market value on the date of vesting over the exercise price.

          (b) Nonqualified Stock Options. If the Shares are held for more than twelve
(12) months after the date of purchase of the Shares pursuant to the exercise of an NQSO, any gain
realized on disposition of the Shares will be treated as long term capital gain.

          (c) Withholding. The Company may be required to withhold from the
Purchaser’s compensation or collect from the Purchaser and pay to the applicable taxing authorities
an amount equal to a percentage of this compensation income.

     13.4 Section 83(b) Election for Unvested Shares. With respect to Unvested
Shares, which are subject to the Repurchase Option, unless an election is filed by the Purchaser
with the Internal Revenue Service (and, if necessary, the proper state taxing authorities), within
30 days of the purchase of the Unvested Shares, electing pursuant to Section 83(b) of the Code (and
similar state tax provisions, if applicable) to be taxed currently on any difference between the
Exercise Price of the Unvested Shares and their Fair Market Value on the date of purchase, there
may be a recognition of taxable income (including, where applicable, alternative minimum taxable
income) to the Purchaser, measured by the excess, if any, of the Fair Market Value of the Unvested
Shares at the time they cease to be Unvested Shares, over the Exercise Price of the Unvested
Shares. A form of Election under Section 83(b) is attached hereto as Exhibit 4 for
reference.

14. TERMINATION OF RIGHT OF FIRST REFUSAL. The Right of First Refusal will
terminate as to all Shares: (i) on the effective date of 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 SEC under the 1933 Act (other than a registration statement relating solely to the
issuance of Common Stock pursuant to a business combination or an employee incentive or benefit
plan) or (ii) on any transfer or

-9-

 

conversion of Shares made pursuant to a statutory merger or statutory consolidation of the Company
with or into another corporation or corporations if the common stock of the surviving corporation
or any direct or indirect parent corporation thereof is registered under the Securities Exchange
Act of 1934, as amended.

15. COMPLIANCE WITH LAWS AND REGULATIONS. The issuance and transfer of the
Shares will be subject to and conditioned upon compliance by the Company and Purchaser with all
applicable state and U.S. Federal laws and regulations and with all applicable requirements of any
stock exchange or automated quotation system on which the Company’s Common Stock may be listed or
quoted at the time of such issuance or transfer.

16. SUCCESSORS AND ASSIGNS. The Company may assign any of its rights under this
Exercise Agreement, including its rights to purchase Shares under the Repurchase Option and the
Right of First Refusal. This Exercise Agreement shall be binding upon and inure to the benefit of
the successors and assigns of the Company. Subject to the restrictions on transfer herein set
forth, this Exercise Agreement will be binding upon Purchaser and Purchaser’s heirs, executors,
administrators, legal representatives, successors and assigns.

17. REMEDIES. The parties agree and acknowledge that money damages may not be an
adequate remedy for any breach of the provisions of this Agreement and that the Company and the
Purchaser will have the right to injunctive relief and specific performance (without the necessity
of posting a bond), in addition to all of its rights and remedies at law or in equity, to enforce
the provisions of this Agreement. Nothing contained in this Agreement will be construed to confer
upon any Person who is not a party any rights or benefits, as a third party beneficiary or
otherwise.

18. GOVERNING LAW; SEVERABILITY. This Exercise Agreement shall be governed by
and construed in accordance with the internal laws of the State of Utah as such laws are applied to
agreements between Utah residents entered into and to be performed entirely within Utah. If any
provision of this Exercise Agreement is determined by a court of law to be illegal or
unenforceable, then such provision will be enforced to the maximum extent possible and the other
provisions will remain fully effective and enforceable.

19. NOTICES. Any notice required to be given or delivered to the Company shall
be in writing and addressed to the Corporate Secretary of the Company at its principal corporate
offices. Any notice required to be given or delivered to Purchaser shall be in writing and
addressed to Purchaser at the address indicated above or to such other address as Purchaser may
designate in writing from time to time to the Company. All notices shall be deemed effectively
given upon personal delivery, (i) three (3) days after deposit in the United States mail by
certified or registered mail (return receipt requested), (ii) one (1) business day after its
deposit with any return receipt express courier (prepaid), or (iii) one (1) business day after
transmission by rapifax or telecopier.

20. FURTHER INSTRUMENTS. The parties agree to execute such further instruments
and to take such further action as may be reasonably necessary to carry out the purposes and intent
of this Exercise Agreement.

21. HEADINGS. The captions and headings of this Exercise Agreement are included
for ease of reference only and will be disregarded in interpreting or construing this Exercise
Agreement. All references herein to Sections will refer to Sections of this Exercise Agreement.

22. ENTIRE AGREEMENT. The Plan, the Stock Option Agreement and this Exercise
Agreement, together with all Exhibits thereto, constitute the entire agreement and understanding of
the parties with respect to the subject matter of this Exercise Agreement, and supersede all prior
understandings and

-10-

 

agreements, whether oral or written, between the parties hereto with respect to the specific
subject matter hereof.

23. CERTAIN DEFINITIONS. Capitalized terms not otherwise defined in this
Exercise Agreement shall have the meanings ascribed to them in the Plan. For purposes of this
Agreement the following terms have the meanings set forth below:

     23.1 “Surrender of Shares” means the surrender of the Company’s Common Stock that
(a) either (i) have been owned by Purchaser for more than six (6) months and have been paid for
within the meaning of SEC Rule 144; or (ii) were obtained by Participant in the open public market;
and (b) are clear of all liens, claims, encumbrances or security interests.

     23.2 “Same Day Sale or Margin Commitment” means, provided that a public market for
the Company’s stock exists: (a) a “same day sale” commitment from Participant and a broker-dealer
that is a member of the National Association of Securities Dealers (an “NASD Dealer”) whereby
Participant irrevocably elects to exercise the Option and to sell a portion of the Shares so
purchased sufficient to pay for the total Exercise Price and whereby the NASD Dealer irrevocably
commits upon receipt of such Shares to forward the total Exercise Price directly to the Company, or
(b) through a “margin” commitment from Participant and an NASD Dealer whereby Participant
irrevocably elects to exercise the Option and to pledge the Shares so purchased to the NASD Dealer
in a margin account as security for a loan from the NASD Dealer in the amount of the total Exercise
Price, and whereby the NASD Dealer irrevocably commits upon receipt of such Shares to forward the
total Exercise Price directly to the Company.

-11-

 

EXHIBIT 1

STOCK POWER AND ASSIGNMENT SEPARATE FROM STOCK CERTIFICATE

     FOR VALUE RECEIVED and pursuant to that certain Stock Option Exercise Agreement No. ___
dated as of ___, ___, (the “Agreement”), the undersigned hereby sells, assigns and
transfers unto ___, ___shares of the Common Stock $0.001, par value per
share, of Omniture, Inc., a Delaware corporation (the “Company”), standing in the undersigned’s
name on the books of the Company represented by Certificate No(s). ___delivered herewith, and
does hereby irrevocably constitute and appoint the Secretary of the Company as the undersigned’s
attorney-in-fact, with full power of substitution, to transfer said stock on the books of the
Company. THIS ASSIGNMENT MAY ONLY BE USED AS AUTHORIZED BY THE AGREEMENT AND ANY EXHIBITS THERETO.

	 	 	 	 	 
	Dated:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	PURCHASER
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	(Signature)
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	(Please Print Name)
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	(Spouse’s Signature, if any)
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	(Please Print Spouse’s Name)

Instructions to Purchaser: Please do not fill in any blanks other than the signature line.
The purpose of this Stock Power and Assignment is to enable the Company to acquire the shares upon
exercise of its “Repurchase Option” and/or “Right of First Refusal” set forth in the Exercise
Agreement without requiring additional signatures on the part of the Purchaser or Purchaser’s
Spouse.

 

 

EXHIBIT 2

SPOUSE CONSENT

     The undersigned spouse of ___(the “Purchaser”) has read, understands, and hereby
approves the Stock Option Exercise Agreement between Purchaser and the Company (the “Agreement”).
In consideration of the Company’s granting my spouse the right to purchase the Shares as set forth
in the Agreement, the undersigned hereby agrees to be irrevocably bound by the Agreement and
further agrees that any community property interest I may have in the Shares shall similarly be
bound by the Agreement. The undersigned hereby appoints Purchaser as my attorney-in-fact with
respect to any amendment or exercise of any rights under the Agreement.

	 	 	 	 	 
	Dated:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	Print Name of Purchaser’s Spouse
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	Signature of Purchaser’s Spouse
	 
	 	 	 	 
	 
	 	Address:
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	 	 	 

 

 

EXHIBIT 3

COPY OF PURCHASER’S CHECK

 

 

EXHIBIT 4

ELECTION UNDER SECTION 83(B) OF THE INTERNAL REVENUE CODE

The undersigned Taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code, to
include in gross income for the Taxpayer’s current taxable year the excess, if any, of the fair
market value of the property described below at the time of transfer over the amount paid for such
property, as compensation for services.

	 	 	 	 	 
	1.

	 	TAXPAYER’S NAME:
	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	TAXPAYER’S ADDRESS:	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	 

	 	SOCIAL SECURITY NUMBER:	 	 
	 

	 	 	 	 
	 

	 	 	 	 
	2.	 	The property with respect to which the election is made is described as follows: _______
shares of Common Stock of Omniture, Inc., a Delaware corporation (the “Company”), which is
Taxpayer’s employer or the corporation for whom the Taxpayer performs services.
	 

	 	 	 	 
	3.	 	The date on which the shares were purchased was __________ and this election is made for
calendar year 200_.
	 

	 	 	 	 
	4.	 	The shares are subject to the following restrictions: The Company may repurchase all or a
portion of the shares at the Taxpayer’s original purchase price under certain conditions at
the time of Taxpayer’s termination of employment or services.
	 

	 	 	 	 
	5.	 	The fair market value of the shares (without regard to restrictions other than restrictions
which by their terms will never lapse) was $            per share at the time of purchase.
	 

	 	 	 	 
	6.	 	The amount paid for such shares was $            per share.
	 

	 	 	 	 
	7.	 	The Taxpayer has submitted a copy of this statement to the Company.

THIS ELECTION MUST BE FILED WITH THE INTERNAL REVENUE SERVICE (“IRS”), AT THE OFFICE WHERE THE
TAXPAYER FILES ANNUAL INCOME TAX RETURNS, WITHIN 30 DAYS AFTER THE DATE OF TRANSFER OF THE
PROPERTY, AND MUST ALSO BE FILED WITH THE TAXPAYER’S INCOME TAX RETURNS FOR THE CALENDAR YEAR. THE
ELECTION CANNOT BE REVOKED WITHOUT THE CONSENT OF THE IRS.

	 	 	 	 	 	 	 
	Dated:

	 	 
	 	 	 	 
	 

	 	 
	 	 	 	 
	 

	 	 	 	 	 	Taxpayer’s Signature

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]