Document:

exv10w1

 

Exhibit 10.1

INDEMNIFICATION AGREEMENT

     This Indemnification Agreement (“Agreement”) is entered into as of the ___day of
                    ,
200___ by and between Intelius Inc., a Delaware corporation (the “Company”) and
                                        (“Indemnitee”).

RECITALS

     A. The Company and Indemnitee recognize the continued difficulty in obtaining liability
insurance for its directors, officers, employees, agents and fiduciaries, the significant increases
in the cost of such insurance and the general reductions in the coverage of such insurance.

     B. The Company and Indemnitee further recognize the substantial increase in corporate
litigation in general, subjecting directors, officers, employees, agents and fiduciaries to
expensive litigation risks at the same time as the availability and coverage of liability insurance
has been severely limited.

     C. Indemnitee does not regard the current protection available as adequate under the present
circumstances, and Indemnitee and other directors, officers, employees, agents and fiduciaries of
the Company may not be willing to continue to serve in such capacities without additional
protection.

     D. The Company desires to attract and retain the services of highly qualified individuals,
such as Indemnitee, to serve the Company and, in part, in order to induce Indemnitee to continue to
provide services to the Company, wishes to provide for the indemnification and advancing of
expenses to Indemnitee to the maximum extent permitted by law.

     E. In view of the considerations set forth above, the Company desires that Indemnitee be
indemnified by the Company as set forth herein.

     NOW, THEREFORE, the Company and Indemnitee hereby agree as follows:

     1. Indemnification.

          (a) Indemnification of Expenses. The Company shall indemnify Indemnitee to the
fullest extent permitted by law if Indemnitee was or is or becomes a party to or witness or other
participant in, or is threatened to be made a party to or witness or other participant in, any
threatened, pending or completed action, suit, proceeding or alternative dispute resolution
mechanism, or any hearing, inquiry or investigation that Indemnitee in good faith believes might
lead to the institution of any such action, suit, proceeding or alternative dispute resolution
mechanism, whether civil, criminal, administrative, investigative or other (hereinafter a “Claim”)
by reason of (or arising in part out of) any event or occurrence related to the fact that
Indemnitee is or was a director, officer, employee, agent or fiduciary of the Company, or any
subsidiary of the Company, or is or was serving at the request of the Company as a director,
officer, employee, agent or fiduciary of another corporation, partnership, joint venture, trust or

 

 

other enterprise, or by reason of any action or inaction on the part of Indemnitee while serving in such capacity
(hereinafter an “Indemnifiable Event”) against any and all expenses (including attorneys’ fees and
all other costs, expenses and obligations incurred in connection with investigating, defending,
being a witness in or participating in (including on appeal), or preparing to defend, be a witness
in or participate in, any such action, suit, proceeding, alternative dispute resolution mechanism,
hearing, inquiry or investigation), liabilities, judgments, fines, penalties and amounts paid in
settlement (if such settlement is approved in advance by the Company, which approval shall not be
unreasonably withheld) of such Claim and any federal, state, local or foreign taxes imposed on
Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement
(collectively, hereinafter “Expenses”), including all interest, assessments and other charges paid
or payable in connection with or in respect of such Expenses. Such payment of Expenses shall be
made by the Company as soon as practicable but in any event no later than five business days after
written demand by Indemnitee therefor is presented to the Company.

          (b) Reviewing Party. Notwithstanding the foregoing, (i) the obligations of the
Company under Section 1(a) shall be subject to the condition that the Reviewing Party (as described
in Section 10(e) hereof) shall not have determined (in a written opinion, in any case in which the
Independent Legal Counsel referred to in Section 1(c) hereof is involved) that Indemnitee would not
be permitted to be indemnified under applicable law, and (ii) the obligation of the Company to make
an advance payment of Expenses to Indemnitee pursuant to Section 2(a) (an “Expense Advance”) shall
be subject to the condition that, if, when and to the extent that the Reviewing Party determines
that Indemnitee would not be permitted to be so indemnified under applicable law, the Company shall
be entitled to be reimbursed by Indemnitee (who hereby agrees to reimburse the Company) for all
such amounts theretofore paid; provided, however, that if Indemnitee has commenced
or thereafter commences legal proceedings in a court of competent jurisdiction to secure a
determination that Indemnitee should be indemnified under applicable law, any determination made by
the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable law
shall not be binding and Indemnitee shall not be required to reimburse the Company for any Expense
Advance until a final judicial determination is made with respect thereto (as to which all rights
of appeal therefrom have been exhausted or lapsed). Indemnitees’ obligation to reimburse the
Company for any Expense Advance shall be unsecured and no interest shall be charged thereon. If
there has not been a Change in Control (as defined in Section 10(c) hereof), the Reviewing Party
shall be selected by the Board of Directors, and if there has been such a Change in Control (other
than a Change in Control which has been approved by a majority of the Company’s Board of Directors
who were directors immediately prior to such Change in Control), the Reviewing Party shall be the
Independent Legal Counsel referred to in Section 1(c) hereof. If there has been no determination
by the Reviewing Party or if the Reviewing Party determines that Indemnitee substantively would not
be permitted to be indemnified in whole or in part under applicable law, Indemnitee shall have the
right to commence litigation seeking an initial determination by the court or challenging any such
determination by the Reviewing Party or any aspect thereof, including the legal or factual bases
therefor, and the Company hereby consents to service of process and to appear in any such
proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on
the Company and Indemnitee.

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          (c) Change in Control. The Company agrees that if there is a Change in Control of the
Company (other than a Change in Control which has been approved by a majority of the Company’s
Board of Directors who were directors immediately prior to such Change in Control) then, with
respect to all matters thereafter arising concerning the rights of Indemnitees to payments of
Expenses and Expense Advances under this Agreement or any other agreement or under the Company’s
Certificate of Incorporation or Bylaws as now or hereafter in effect, Independent Legal Counsel (as
defined in Section 10(d) hereof) shall be selected by Indemnitee and approved by the Company (which
approval shall not be unreasonably withheld). Such counsel, among other things, shall render its
written opinion to the Company and Indemnitee as to whether and to what extent Indemnitee would be
permitted to be indemnified under applicable law and the Company agrees to abide by such opinion.
The Company agrees to pay the reasonable fees of the Independent Legal Counsel referred to above
and to fully indemnify such counsel against any and all expenses (including attorneys’ fees),
claims, liabilities and damages arising out of or relating to this Agreement or its engagement
pursuant hereto.

          (d) Mandatory Payment of Expenses. Notwithstanding any other provision of this
Agreement other than Section 9 hereof, to the extent that Indemnitee has been successful on the
merits or otherwise, including, without limitation, the dismissal of an action without prejudice,
in defense of any action, suit, proceeding, inquiry or investigation referred to in Section (1)(a)
hereof or in the defense of any claim, issue or matter therein, Indemnitee shall be indemnified
against all Expenses incurred by Indemnitee in connection therewith.

     2. Expenses; Indemnification Procedure.

          (a) Advancement of Expenses. Subject to Section 1(b), the Company shall advance all
Expenses incurred by Indemnitee. The advances to be made hereunder shall be paid by the Company to
Indemnitee as soon as practicable but in any event no later than five days after written demand by
Indemnitee therefor to the Company.

          (b) Notice/Cooperation by Indemnitee. Indemnitee shall, as a condition precedent to
Indemnitees’ right to be indemnified under this Agreement, give the Company notice in writing as
soon as practicable after obtaining actual notice of any Claim made against Indemnitee for which
indemnification will or could be sought under this Agreement. Notice to the Company shall be
directed to the Chief Executive Officer of the Company at the address shown on the signature page
of this Agreement (or such other address as the Company shall designate in writing to Indemnitee).
In addition, Indemnitee shall give the Company such information and cooperation as it may
reasonably require and as shall be within Indemnitees’ power.

          (c) No Presumptions; Burden of Proof. For purposes of this Agreement, the termination
of any Claim by judgment, order, settlement (whether with or without court approval) or conviction,
or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that
Indemnitee did not meet any particular standard of conduct or have any particular belief or that a
court has determined that indemnification is not permitted by applicable law. In addition, neither
the failure of the Reviewing Party to have made a determination as to whether Indemnitee has met
any particular standard of conduct or had any particular belief, nor an actual determination by the
Reviewing Party that Indemnitee has not met

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such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to
secure a judicial determination that Indemnitee should be indemnified under applicable law, shall
be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any
particular standard of conduct or did not have any particular belief. In connection with any
determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be
indemnified hereunder, the burden of proof shall be on the Company to establish that Indemnitee is
not so entitled.

          (d) Notice to Insurers. If, at the time of the receipt by the Company of a notice of
a Claim pursuant to Section 2(b) hereof, the Company has liability insurance in effect which may
cover such Claim, the Company shall give prompt notice of the commencement of such Claim to the
insurers in accordance with the procedures set forth in the respective policies. The Company shall
thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of
Indemnitee, all amounts payable as a result of such action, suit, proceeding, inquiry or
investigation in accordance with the terms of such policies.

          (e) Selection of Counsel. In the event the Company shall be obligated hereunder to
pay the Expenses of any Claim, the Company shall be entitled to assume the defense of such Claim
with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon the
delivery to Indemnitee of written notice of its election so to do. After delivery of such notice,
approval of such counsel by Indemnitee and the retention of such counsel by the Company, the
Company will not be liable to Indemnitee under this Agreement for any fees of counsel subsequently
incurred by Indemnitee with respect to the same Claim; provided that, (i) Indemnitee shall
have the right to employ Indemnitees’ counsel in any such Claim at Indemnitee expense and (ii) if
(A) the employment of counsel by Indemnitee has been previously authorized by the Company, (B)
Indemnitee shall have reasonably concluded that there is a conflict of interest between the Company
and Indemnitee in the conduct of any such defense, or (C) the Company shall not continue to retain
such counsel to defend such Claim, then the fees and expenses of Indemnitee counsel shall be at the
expense of the Company. The Company shall have the right to conduct such defense as it sees fit in
its sole discretion, including the right to settle any claim against Indemnitee without the consent
of the Indemnitee; provided that the Company may not settle any claim unless, and as a condition
thereof, the Indemnitee has been given a full release of all claims, monetary or otherwise, against
Indemnitee.

     3. Additional Indemnification Rights; Nonexclusivity.

          (a) Scope. The Company hereby agrees to indemnify Indemnitee to the fullest extent
permitted by law, notwithstanding that such indemnification is not specifically authorized by the
other provisions of this Agreement, the Company’s Certificate of Incorporation, the Company’s
Bylaws or by statute. In the event of any change after the date of this Agreement in any
applicable law, statute or rule which expands the right of a Delaware corporation to indemnify a
member of its Board of Directors or an officer, employee, agent or fiduciary, it is the intent of
the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits afforded by
such change. In the event of any change in any applicable law, statute or rule which narrows the
right of a Delaware corporation to indemnify a member of its

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Board of Directors or an officer,
employee, agent or fiduciary, such change, to the extent not otherwise required by such law,
statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the
parties’ rights and obligations hereunder except as set forth in Section 8(a) hereof.

          (b) Nonexclusivity. The indemnification provided by this Agreement shall be in
addition to any rights to which Indemnitee may be entitled under the Company’s Certificate of
Incorporation, its Bylaws, any agreement, any vote of stockholders or disinterested directors, the
General Corporation Law of the State of Delaware, or otherwise. The indemnification provided under
this Agreement shall continue as to Indemnitee for any action Indemnitee took or did not take while
serving in an indemnified capacity even though Indemnitee may have ceased to serve in such
capacity.

     4. No Duplication of Payments. The Company shall not be liable under this Agreement
to make any payment in connection with any Claim made against Indemnitee to the extent Indemnitee
has otherwise actually received payment (under any insurance policy, Certificate of Incorporation,
Bylaw or otherwise) of the amounts otherwise indemnifiable hereunder.

     5. Partial Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of Expenses incurred in
connection with any Claim, but not, however, for all of the total amount thereof, the Company shall
nevertheless indemnify Indemnitee for the portion of such Expenses to which Indemnitee are
entitled.

     6. Mutual Acknowledgement. Both the Company and Indemnitee acknowledge that in
certain instances, Federal law or applicable public policy may prohibit the Company from
indemnifying its directors, officers, employees, agents or fiduciaries under this Agreement or
otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be
required in the future to undertake with the Securities and Exchange Commission to submit the
question of indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee.

     7. Liability Insurance. To the extent the Company maintains liability insurance
applicable to directors, officers, employees, agents or fiduciaries, Indemnitee shall be covered by
such policies in such a manner as to provide Indemnitee the same rights and benefits as are
accorded to the most favorably insured of the Company’s directors, if Indemnitee is a director; or
of the Company’s officers, if Indemnitee is not a director of the Company but is an officer; or of
the Company’s key employees, agents or fiduciaries, if Indemnitee is not an officer or director but
is a key employee, agent or fiduciary.

     8. Exceptions. Any other provision herein to the contrary notwithstanding, the
Company shall not be obligated pursuant to the terms of this Agreement:

          (a) Excluded Action or Omissions. To indemnify Indemnitee for Indemnitee’s acts,
omissions or transactions from which Indemnitee or the Indemnitee may not be relieved of liability
under applicable law;

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          (b) Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee
with respect to Claims initiated or brought voluntarily by Indemnitee and not by way of defense,
except (i) with respect to actions or proceedings brought to establish or enforce a right to
indemnification under this Agreement or any other agreement or insurance policy or under the
Company’s Certificate of Incorporation or Bylaws now or hereafter in effect relating to Claims for
Indemnifiable Events, (ii) in specific cases if the Board of Directors has approved the initiation
or bringing of such Claim, or (iii) as otherwise required under Section 145 of the Delaware General
Corporation Law, regardless of whether Indemnitee ultimately is determined to be entitled to such
indemnification, advance expense payment or insurance recovery, as the case may be;

          (c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by
Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this
Agreement, if a court of competent jurisdiction determines that each of the material assertions
made by Indemnitee in such proceeding was not made in good faith or was frivolous; or

          (d) Claims Under Section 16(b). To indemnify Indemnitee for expenses and the payment
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section
16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute.

     9. Period of Limitations. No legal action shall be brought and no cause of action
shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s estate,
spouse, heirs, executors or personal or legal representatives after the expiration of two years
from the date of accrual of such cause of action, and any claim or cause of action of the Company
shall be extinguished and deemed released unless asserted by the timely filing of a legal action
within such two-year period; provided, however, that if any shorter period of
limitations is otherwise applicable to any such cause of action, such shorter period shall govern.

     10. Construction of Certain Phrases.

          (a) For purposes of this Agreement, references to the “Company” shall include, in addition to
the resulting corporation, any constituent corporation (including any constituent of a constituent)
absorbed in a consolidation or merger which, if its separate existence had continued, would have
had power and authority to indemnify its directors, officers, employees, agents or fiduciaries, so
that if Indemnitee is or was a director, officer, employee, agent or fiduciary of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director,
officer, employee, agent or fiduciary of another corporation, partnership, joint venture, employee
benefit plan, trust or other enterprise, Indemnitee shall stand in the same position under the
provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee
would have with respect to such constituent corporation if its separate existence had continued.

          (b) For purposes of this Agreement, references to “other enterprises” shall include employee
benefit plans; references to “fines” shall include any excise taxes assessed on Indemnitee with
respect to an employee benefit plan; and references to “serving at the request of
the Company” shall include any service as a director, officer, employee, agent or fiduciary of

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the Company which imposes duties on, or involves services by, such director, officer, employee,
agent or fiduciary with respect to an employee benefit plan, its participants or its beneficiaries;
and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the
interest of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be
deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to
in this Agreement.

          (c) For purposes of this Agreement a “Change in Control” shall be deemed to have occurred if
(i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act
of 1934, as amended), other than a trustee or other fiduciary holding securities under an employee
benefit plan of the Company or a corporation owned directly or indirectly by the stockholders of
the Company in substantially the same proportions as their ownership of stock of the Company, (A)
who is or becomes the beneficial owner, directly or indirectly, of securities of the Company
representing 10% or more of the combined voting power of the Company’s then outstanding Voting
Securities, increases his beneficial ownership of such securities by 5% or more over the percentage
so owned by such person, or (B) becomes the “beneficial owner” (as defined in Rule 13d-3 under said
Act), directly or indirectly, of securities of the Company representing more than 20% of the total
voting power represented by the Company’s then outstanding Voting Securities, (ii) during any
period of two consecutive years, individuals who at the beginning of such period constitute the
Board of Directors of the Company and any new director whose election by the Board of Directors or
nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds
of the directors then still in office who either were directors at the beginning of the period or
whose election or nomination for election was previously so approved, cease for any reason to
constitute a majority thereof, or (iii) the stockholders of the Company approve a merger or
consolidation of the Company with any other corporation other than a merger or consolidation which
would result in the Voting Securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into Voting
Securities of the surviving entity) at least 80% of the total voting power represented by the
Voting Securities of the Company or such surviving entity outstanding immediately after such merger
or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the
Company or an agreement for the sale or disposition by the Company of (in one transaction or a
series of transactions) all or substantially all of the Company’s assets.

          (d) For purposes of this Agreement, “Independent Legal Counsel” shall mean an attorney or firm
of attorneys, selected in accordance with the provisions of Section 1(c) hereof, who shall not have
otherwise performed services for the Company or Indemnitee within the last three years (other than
with respect to matters concerning the rights of Indemnitee under this Agreement, or of other
indemnitees under similar indemnity agreements).

          (e) For purposes of this Agreement, a “Reviewing Party” shall mean any appropriate person or
body consisting of a member or members of the Company’s Board of Directors or any other person or
body appointed by the Board of Directors who is not a party to the particular Claim for which
Indemnitee are seeking indemnification, or Independent Legal Counsel.

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          For purposes of this Agreement, “Voting Securities” shall mean any securities of the Company
that vote generally in the election of directors.

     11. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall constitute an original.

     12. Binding Effect; Successors and Assigns. This Agreement shall be binding upon and
inure to the benefit of and be enforceable by the parties hereto and their respective successors,
assigns, including any direct or indirect successor by purchase, merger, consolidation or otherwise
to all or substantially all of the business and/or assets of the Company, spouses, heirs, and
personal and legal representatives. The Company shall require and cause any successor (whether
direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all, or a
substantial part, of the business and/or assets of the Company, by written agreement in form and
substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in
the same manner and to the same extent that the Company would be required to perform if no such
succession had taken place. This Agreement shall continue in effect with respect to Claims
relating to Indemnifiable Events regardless of whether Indemnitee continues to serve as a director,
officer, employee, agent or fiduciary of the Company or of any other enterprise at the Company’s
request.

     13. Attorneys’ Fees. In the event that any action is instituted by Indemnitee under
this Agreement or under any liability insurance policies maintained by the Company to enforce or
interpret any of the terms hereof or thereof, Indemnitee shall be entitled to be paid all Expenses
incurred by Indemnitee with respect to such action, regardless of whether Indemnitee is ultimately
successful in such action, and shall be entitled to the advancement of Expenses with respect to
such action, unless, as a part of such action, a court of competent jurisdiction over such action
determines that each of the material assertions made by Indemnitee as a basis for such action was
not made in good faith or was frivolous. In the event of an action instituted by or in the name of
the Company under this Agreement to enforce or interpret any of the terms of this Agreement,
Indemnitee shall be entitled to be paid all Expenses incurred by Indemnitee in defense of such
action (including costs and expenses incurred with respect to Indemnitee counterclaims and
cross-claims made in such action), and shall be entitled to the advancement of Expenses with
respect to such action, unless, as a part of such action, a court having jurisdiction over such
action determines that each of Indemnitee material defenses to such action was made in bad faith or
was frivolous.

     14. Notice. All notices and other communications required or permitted hereunder
shall be in writing, shall be effective when given, and shall in any event be deemed to be given
(a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if
delivered by first class mail, postage prepaid, (b) upon delivery, if delivered by hand, (c) one
business day after the business day of deposit with Federal Express or similar overnight courier,
freight prepaid, or (d) one day after the business day of delivery by facsimile transmission, if
delivered by facsimile transmission, with copy by first class mail, postage prepaid, and shall be
addressed if to Indemnitee, at the Indemnitee address as set forth beneath Indemnitee signatures to
this Agreement and if to the Company at the address of its principal corporate offices

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(Attention: President) or at such other address as such party may designate by ten days’
advance written notice to the other party hereto.

     15. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably
consent to the jurisdiction of the courts of the State of Delaware for all purposes in connection
with any action or proceeding which arises out of or relates to this Agreement and agree that any
action instituted under this Agreement shall be commenced, prosecuted and continued only in the
federal and state courts of the State of Delaware, which shall be the exclusive and only proper
forum for adjudicating such a claim.

     16. Severability. The provisions of this Agreement shall be severable in the event
that any of the provisions hereof (including any provision within a single section, paragraph or
sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise
unenforceable, and the remaining provisions shall remain enforceable to the fullest extent
permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement
(including, without limitations, each portion of this Agreement containing any provision held to be
invalid, void or otherwise unenforceable, that is not itself invalid, void or unenforceable) shall
be construed so as to give effect to the intent manifested by the provision held invalid, illegal
or unenforceable.

     17. Choice of Law. This Agreement shall be governed by and its provisions construed
and enforced in accordance with the laws of the State of Delaware, as applied to contracts between
Delaware residents, entered into and to be performed entirely within the State of Delaware, without
regard to the conflict of laws principles thereof.

     18. Subrogation. In the event of payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of Indemnitee who shall
execute all documents required and shall do all acts that may be necessary to secure such rights
and to enable the Company effectively to bring suit to enforce such rights.

     19. Amendment and Termination. No amendment, modification, termination or
cancellation of this Agreement shall be effective unless it is in writing signed by both the
parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver.

     20. Integration and Entire Agreement. This Agreement sets forth the entire
understanding between the parties hereto and supersedes and merges all previous written and oral
negotiations, commitments, understandings and agreements relating to the subject matter hereof
between the parties hereto.

     21. No Construction as Employment Agreement. Nothing contained in this Agreement
shall be construed as giving Indemnitee any right to be retained in the employ of the Company or
any of its subsidiaries.

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above
written.

	 	 	 	 	 
	 	INTELIUS INC.

 	 
	 	By:  	 	 
	 	 	Naveen Jain 	 
	 	 	President and Chief Executive Officer 	 
	 

AGREED TO AND ACCEPTED BY:

Signature:                                                             

                 (                                        )

-10-exv10w2

 

Exhibit 10.2

INTELIUS, INC.

STOCK OPTION GRANT NOTICE

     Intelius, Inc. (the “Company”) hereby grants to Participant an Option (the “Option”) to
purchase shares of the Company’s Class A Common Stock. The Option is subject to all the terms and
conditions set forth in this Stock Option Grant Notice (this “Grant Notice”) and in the Stock
Option Agreement (the “Agreement”), which are attached to and incorporated into this Grant Notice
in its entirety.

	 	 	 
	Participant:

	 	[NAME]
	 
	 	 
	Grant Date:

	 	[DATE]
	 
	 	 
	Vesting Commencement Date:

	 	[DATE]
	 
	 	 
	Number of Shares Subject to Option:

	 	[NUMBER OF SHARES]
	 
	 	 
	Exercise Price (per Share):

	 	[PRICE]
	 
	 	 
	Option Expiration Date:

	 	[DATE] (subject to earlier
termination in accordance with the
terms of the Stock Option Agreement)
	 
	 	 
	Type of Option:

	 	Nonqualified Stock Option
	 
	 	 
	Vesting and Exercisability Schedule:

	 	1/4 of the shares will vest and
become exercisable on the one-year
anniversary of your service at
Intelius. 
	 
	 	 
	 	 	
1/48 of the shares will vest and
become exercisable for each
additional one-month period of
continuous service completed
thereafter at Intelius so that your
Option become 100% vested after four
years of service at Intelius.

Additional Terms/Acknowledgment: The undersigned Participant acknowledges receipt of, and
understands and agrees to, this Grant Notice, the terms and conditions contained in the Stock
Option Agreement. Participant further acknowledges and agrees that as of the date hereof, this
Grant Notice and the Stock Option Agreement set forth the entire understanding between Participant
and the Company regarding any equity-based compensation provided to the Participant and supersede
all oral and written agreements on the subject.

	 	 	 	 	 	 	 	 	 
	INTELIUS INC.	 	 	 	PARTICIPANT	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Naveen Jain, Chairman and CEO	 	 	 	Signature	 	 
	 
	 	 	 	 	 	 	 	 
	Dated as of                     .	 	 	 	Dated as of                     .	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Address:	 	 	 	 
	Attachments:

	 	 	 	 	 	 	 	 
	   Stock Option Agreement	 	 	 	Taxpayer ID:                                                                        	 

 

 

INTELIUS, INC.

STOCK OPTION AGREEMENT

     Pursuant to your Stock Option Grant Notice (the “Grant Notice”) and this Stock Option
Agreement, Intelius, Inc. (the “Company”) has granted you, the Participant, a Nonqualified Stock
Option (the “Option(s)”) to purchase the number of shares of the Company’s Class A Common Stock
indicated in your Grant Notice (the “Shares”) at the exercise price indicated in your Grant Notice.
Capitalized terms are defined in Section 18 below.

     In consideration of the Options granted to Participant, the Participant agrees to the
following terms:

     1. Vesting and Exercisability. Subject to the limitations contained herein, the Option will
vest and become exercisable as provided in your Grant Notice, provided that vesting will cease upon
the termination of your employment or service relationship with the Company or a Related Company.

     2. Securities Law Compliance. The Options and underlying shares have not been, and will not
be, registered under the Securities Act of 1933 (the “Securities Act”), by reason of a specific
exemption from the registration provisions of the Securities Act which depends upon, among other
things, the bona fide nature of the investment intent and the accuracy of the Option holder’s
representations as expressed herein. The Option holder understands that the securities are
“restricted securities” under applicable U.S. Federal and State securities laws and that, pursuant
to these laws, they must hold the securities indefinitely unless they are registered with the
Securities and Exchange Commission and qualified by state authorities, or an exemption from such
registration and qualification requirements is available. The Company has no obligation to
register or qualify the Options or underlying shares for resale. If an exemption from registration
or qualification is available, it may be conditioned on various requirements including, but not
limited to, the time and manner of sale, the holding period for the Options, and on requirements
relating to the Company which are outside the Option holder’s control, and which the Company is
under no obligation to, and may not be able to satisfy.

No public market currently exists for any of the Options or the underlying shares issued by the
Company, and the Company has made no assurances that a public market will ever exist.

As a condition to the exercise of an Option or any other receipt of Common Stock, the Company may
require (a) the Participant to represent and warrant at the time of any such exercise or receipt
that such shares are being purchased or received only for the Participant’s own account and without
any present intention to sell or distribute such shares and (b) such other action or agreement by
the Participant as may from time to time be necessary to comply with the federal, state and foreign
securities laws. At the option of the Company, a stop-transfer order against any such shares may
be placed on the official stock books and records of the Company, and the following legend
indicating that such shares may not be pledged, sold or otherwise transferred, unless an opinion of
counsel is provided (concurred in by counsel for the Company) stating that

 Intelius Option Agreement-1

 

 

such transfer is not in violation of any applicable law or regulation, may be stamped on stock
certificates to ensure exemption from registration:

THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “ACT”), OR APPLICABLE STATE LAW, AND NO INTEREST MAY BE SOLD, DISTRIBUTED,
ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS (a) THERE IS AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS COVERING ANY SUCH TRANSACTION
INVOLVING SAID SECURITIES, (b) THIS COMPANY RECEIVES AN OPINION OF LEGAL COUNSEL FOR THE HOLDER OF
THESE SECURITIES SATISFACTORY TO THIS COMPANY STATING THAT SUCH TRANSACTION IS EXEMPT FROM
REGISTRATION, OR (c) THIS COMPANY OTHERWISE SATISFIES ITSELF THAT SUCH TRANSACTION IS EXEMPT FROM
REGISTRATION.

No Option shall entitle the Participant to any cash dividend, voting or other right of a
stockholder unless and until the date of issuance of the Shares that are the subject of such
Options.

Notwithstanding any other provision of this Agreement, the Company shall have no obligation to
issue or deliver any shares of Common Stock pursuant to the exercise of Options or make any other
distribution unless, in the opinion of the Company’s counsel, such issuance, delivery or
distribution would comply with all applicable laws (including, without limitation, the requirements
of the Securities Act or the laws of any state or foreign jurisdiction), and the applicable
requirements of any securities exchange or similar entity.

The Company may also require the Participant to execute and deliver to the Company a purchase
agreement or such other agreement as may be in use by the Company at such time that describes
certain terms and conditions applicable to the shares.

     3. Method of Exercise. You may exercise the Option by giving written notice to the Company,
in form and substance satisfactory to the Company, which will state your election to exercise the
Option and the number of Shares for which you are exercising the Option. The written notice must
be accompanied by full payment of the exercise price for the number of Shares you are purchasing.

     4. Payment of Exercise Price. The exercise price for shares purchased under an Option shall
be paid in full to the Company by delivery of consideration equal to the product of the Option
exercise price and the number of shares purchased. Such consideration must be paid before the
Company will issue the shares being purchased and must be in a form or a combination of forms
acceptable to the Company for that purchase, which forms may include:

     (a) cash;

     (b) check;

2

 

     (c) tendering (either actually or, if the Common Stock is registered under Section 12(b) or
12(g) of the Exchange Act, by attestation) shares of Common Stock already owned by the Participant
for at least six months (or any shorter period necessary to avoid a charge to the Company’s
earnings for financial reporting purposes) that have a fair market value equal to the aggregate
exercise price of the shares being purchased under the Option;

     (d) if the Common Stock is registered under Section 12(b) or 12(g) of the Exchange Act,
delivery of a properly executed exercise notice, together with irrevocable instructions to a
brokerage firm designated by the Company to deliver promptly to the Company the aggregate amount of
sale or loan proceeds to pay the Option exercise price and any withholding tax obligations that may
arise in connection with the exercise; or

     (e) such other consideration as the Company may permit.

     In addition, to assist a Participant in acquiring shares of Common Stock pursuant to an
Option, the Company, in its sole discretion, may authorize, either at the Grant Date or at any time
before the acquisition of Common Stock pursuant to the Option award (i) the payment by a
Participant of the purchase price of the Common Stock by a promissory note or (ii) the guarantee by
the Company of a loan obtained by the Participant from a third party; provided that the Company is
not then a public company subject to the Sarbanes-Oxley Act of 2002. Such notes or loans must be
full recourse to the extent necessary to avoid charges to the Company’s earnings for financial
reporting purposes. Subject to the foregoing, the Company shall in its sole discretion specify the
terms of any loans or loan guarantees, including the interest rate and terms of and security for
repayment.

     5. Post-Termination Exercises — Treatment Upon Termination of Employment or Service
Relationship. The unvested portion of the Option will terminate automatically and without further
notice immediately upon your Termination of Service with the Company or a Related Company for any
reason. Upon a Termination of Service, you may exercise the vested portion of the Option as
follows:

          (a) General Rule. You must exercise the vested portion of the Option on or before the earlier
of (i) three months after your Termination of Service and (ii) the Option Expiration Date;

          (b) Early Retirement, Retirement or Disability. If your employment or service relationship
terminates due to Early Retirement, Retirement or Disability, you must exercise the vested portion
of the Option on or before the earlier of (i) one year after your Termination of Service and (ii)
the Option Expiration Date.

          (c) Death. If your employment or service relationship terminates due to your death, the
vested portion of the Option must be exercised on or before the earlier of (i) one year after your
Termination of Service and (ii) the Option Expiration Date. If you die after your Termination of
Service but while the Option is still exercisable, the vested portion of the Option may be
exercised until the earlier of (x) one year after the date of death and (y) the Option Expiration
Date; and

3

 

          (d) Cause. The vested portion of the Option will automatically expire at the time the Company
first notifies you of your Termination of Service for Cause. If your employment or service
relationship is suspended pending an investigation of whether you will be terminated for Cause, all
your rights under the Option likewise will be suspended during the period of investigation. If any
facts that would constitute termination for Cause are discovered after your Termination of Service,
any Option you then hold may be immediately terminated by the Company.

          (e) A Participant’s change in status from an employee to a consultant, advisor or independent
contractor or a change in status from a consultant, advisor or independent contractor to an
employee, shall not be considered a Termination of Service for purposes of this Section 5.

          (f) The effect of a Company-approved leave of absence on the application of this Section 5
shall be determined by the Company, in its sole discretion.

     It is your responsibility to be aware of the date the Option terminates.

     6. Withholding Taxes. As a condition to the exercise of any portion of an Option, you must
make such arrangements as the Company may require for the satisfaction of any federal, state, local
or foreign withholding tax obligations that may arise in connection with such exercise. The
Company may require the Participant to pay to the Company the amount of any taxes that the Company
is required by applicable federal, state, local or foreign law to withhold with respect to the
grant, vesting or exercise of an Option. The Company shall not be required to issue any shares of
Common Stock until such obligations are satisfied.

     The Company may permit or require a Participant to satisfy all or part of his or her tax
withholding obligations by (a) paying cash to the Company, (b) having the Company withhold from
cash amounts otherwise due or to become due from the Company to the Participant, or (c) having the
Company withhold a number of shares of Common Stock that would otherwise be issued to the
Participant having a value equal to the tax withholding obligations, or (d) surrendering a number
of shares of Common Stock the Participant already owns having a value equal to the tax withholding
obligations. The value of the shares so withheld may not exceed the employer’s minimum required
tax withholding rate, and the value of the shares so tendered may not exceed such rate to the
extent the Participant has owned the tendered shares for less than six months if such limitation is
necessary to avoid a charge to the Company for financial reporting purposes.

     7. Assignability. No Option or interest in an Option may be assigned, pledged or transferred
by the Participant or made subject to attachment or similar proceedings otherwise than by will or
by the applicable laws of descent and distribution, except to the extent a Participant designates a
beneficiary on a Company-approved form who may exercise the Option or receive payment under the
Option after the Participant’s death. During a Participant’s lifetime, an Option may be exercised
only by the Participant.

4

 

     8. Adjustments.

     (a) Adjustment of Options. In the event of a subdivision of the outstanding Company capital
stock, a declaration of a dividend payable in Company capital stock, a declaration of an
extraordinary dividend payable in a form other than capital stock in an amount that has a material
effect on the Fair Market Value of the Shares, a combination or consolidation of the outstanding
Company capital stock into a lesser number of shares, a recapitalization, a spin-off, a
reclassification or a similar occurrence, the Board, in its sole discretion, may make appropriate
adjustments in one or more of (i) the number of Shares covered by each outstanding Option or (ii)
the Exercise Price under each outstanding Option. The determination by the Board as to the terms
of any of the foregoing adjustments shall be conclusive and binding. Notwithstanding the
foregoing, a dissolution or liquidation of the Company or a Company Transaction (as defined below)
shall not be governed by this Section 8(a) but shall be governed by Sections 8(b) and 8(c),
respectively.

     (b) Dissolution or Liquidation. To the extent not previously exercised or settled, Options
shall terminate immediately prior to the dissolution or liquidation of the Company.

     (c) Company Transaction. In the event of a Company Transaction, each outstanding Option shall
be assumed or continued or an equivalent option or right substituted by the surviving corporation,
the successor corporation or its parent corporation, as applicable (the “Successor Corporation”).
In the event that the Successor Corporation refuses to assume, continue or substitute for the
Option, the Company may provide that a Participant may vest in and have the right to exercise the
Option as to some or all the shares of Common Stock subject thereto, including shares as to which
the Option would not otherwise be vested or exercisable, but unless so provided no such vesting
shall occur. The Company shall notify the Participant in writing or electronically of any such
vesting and of the time period in connection with the Company Transaction in which the Option must
be exercised, and the Option shall terminate upon the expiration of such period. If the
consideration received in the Company Transaction is not solely common stock of the Successor
Corporation, the Company may, with the consent of the Successor Corporation, provide for the
consideration to be received upon the exercise of the Option, for each share of Common Stock
subject thereto, to be solely common stock of the Successor Corporation equal in Fair Market Value
to the per share consideration received by holders of Common Stock in the Company Transaction. All
Options shall terminate and cease to remain outstanding immediately following the consummation of
the Company Transaction, except to the extent assumed by the Successor Corporation.

     (d) Further Adjustment of Options. Subject to Sections 8(b) and 8(c), the Company shall have
the discretion, exercisable at any time before a sale, merger, consolidation, reorganization,
liquidation, dissolution or change of control of the Company, as defined by the Company, to take
such further action as it determines to be necessary or advisable with respect to the Options.
Such authorized action may include (but shall not be limited to) establishing, amending or waiving
the type, terms, conditions or duration of, or restrictions on, Options so as to provide for
earlier, later, extended or additional time for exercise, lifting restrictions and other
modifications, and the Board may take such actions with respect to all Participants, to certain
categories of Participants or only to individual Participants. The Board may take such action

5

 

before or after granting Options to which the action relates and before or after any public
announcement with respect to such sale, merger, consolidation, reorganization, liquidation,
dissolution or change of control that is the reason for such action.

     (e) Limitations. The grant of Options shall in no way affect the Company’s right to adjust,
reclassify, reorganize or otherwise change its capital or business structure or to merge,
consolidate, dissolve, liquidate or sell or transfer all or any part of its business or assets.

     (f) Fractional Shares. In the event of any adjustment in the number of shares covered by any
Option, each such Option shall cover only the number of full shares resulting from such adjustment.

     9. Repurchase and First Refusal Rights.

     (a) First Refusal Rights. Until the date on which the initial registration of the Common
Stock under Section 12(b) or 12(g) of the Exchange Act first becomes effective, the Company shall
have the right of first refusal with respect to any proposed sale or other disposition by a
Participant of any shares of Common Stock issued pursuant to an Option. Such right of first
refusal shall be exercisable in accordance with the terms and conditions established by the Company
and set forth in the stock purchase agreement evidencing the purchase of the shares.

     (b) Repurchase Rights. Until the date on which the initial registration of the Common Stock
under Section 12(b) or 12(g) of the Exchange Act first becomes effective, upon a Participant’s
Termination of Service, all shares of Common Stock issued pursuant to an Option (whether issued
before or after such Termination of Service) shall be subject to repurchase by the Company, at the
Company’s sole discretion, at the Fair Market Value of such shares on the date of such repurchase.
The terms and conditions upon which such repurchase right shall be exercisable (including the
period and procedure for exercise) shall be established by the Company and set forth in the stock
purchase agreement evidencing the purchase of the shares.

     (c) General. The Company may not exercise its first refusal or repurchase rights under this
Section 9 earlier than six months and one day following the date the shares were purchased by a
Participant (or any shorter period determined by the Company to be sufficient to avoid a charge to
the Company’s earnings for financial reporting purposes or required by applicable law).

     The Company’s first refusal and repurchase rights under this Section 9 are assignable by the
Company at any time.

     10. Market Standoff. By exercising the Option you agree that the Shares will be subject to
the market standoff restrictions on transfer as follows. In the event of an underwritten public
offering by the Company of its equity securities pursuant to an effective registration statement
filed under the Securities Act, including the Company’s initial public offering, no person may
sell, make any short sale of, loan, hypothecate, pledge, grant any option for the purchase of, or
otherwise dispose of or transfer for value or otherwise agree to engage in any of

6

 

the foregoing transactions with respect to any shares issued pursuant to an Option without the
prior written consent of the Company or its underwriters. Such limitations shall be in effect for
such period of time as may be requested by the Company or such underwriters; provided, however,
that in no event shall such period exceed 180 days. The limitations of this Section 10 shall in
all events terminate two years after the effective date of the Company’s initial public offering.

     In the event of any stock split, stock dividend, recapitalization, combination of shares,
exchange of shares or other change affecting the Company’s outstanding Common Stock effected as a
class without the Company’s receipt of consideration, any new, substituted or additional securities
distributed with respect to the purchased shares shall be immediately subject to the provisions of
this Section 10, to the same extent the purchased shares are at such time covered by such
provisions.

     In order to enforce the limitations of this Section 10, the Company may impose stop-transfer
instructions with respect to the purchased shares until the end of the applicable standoff period.

     11. Option Not an Employment or Service Contract. Nothing in this Agreement or any Option
award will be deemed to constitute an employment contract or confer or be deemed to confer any
right for you to continue in the employ of, or to continue any other relationship with, the Company
or any Related Company or limit in any way the right of the Company or any Related Company to
terminate your employment or other relationship at any time, with or without Cause.

     12. No Right to Damages. You will have no right to bring a claim or to receive damages if you
are required to exercise the vested portion of the Option within three months (one year in the case
of Early Retirement, Retirement, Disability or death) of the Termination of Service or if any
portion of the Option is canceled or expires unexercised. The loss of existing or potential profit
in Options will not constitute an element of damages in the event of your Termination of Service
for any reason even if the termination is in violation of an obligation of the Company or a Related
Company to you.

     13. Binding Effect. This Agreement will inure to the benefit of the successors and assigns of
the Company and be binding upon you and your heirs, executors, administrators, successors and
assigns.

     14. Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By
entering into this Agreement and accepting the grant of the Option evidenced hereby, you
acknowledge: (a) that the grant of the Option is a one-time benefit which does not create any
contractual or other right to receive future grants of options, or benefits in lieu of options; (b)
that all determinations with respect to any such future grants, including, but not limited to, the
times when options will be granted, the number of shares subject to each option, the option price,
and the time or times when each option will be exercisable, will be at the sole discretion of the
Company; (c) that the value of the Option is an extraordinary item of compensation which is outside
the scope of your employment contract, if any; (d) that the Option

7

 

is not part of normal or expected compensation for purposes of calculating any severance,
resignation, redundancy, end of service payments, bonuses, long-service awards, pension or
retirement benefits or similar payments; (e) that the vesting of the Option ceases upon your
Termination of Service for any reason except as may otherwise be explicitly provided in this
Agreement; (f) that the future value of the Shares underlying the Option is unknown and cannot be
predicted with certainty; and (g) that if the Shares underlying the Option do not increase in
value, the Option will have no value.

     15. Employee Data Privacy. By entering this Agreement, you (a) authorize the Company and your
employer, if different, and any agent of the Company administering the Options or providing Option
record keeping services, to disclose to the Company or any of its affiliates any information and
data the Company requests in order to facilitate the grant and administration of the Option; (b)
waive any data privacy rights you may have with respect to such information; and (c) authorize the
Company and its agents to store and transmit such information in electronic form.

     16. Severability. If any provision of this Agreement or any Option is determined to be
invalid, illegal or unenforceable in any jurisdiction, or as to any person, or would disqualify
this Agreement or any Option under any law deemed applicable by the Company, such provision shall
be construed or deemed amended to conform to applicable laws, or, if it cannot be so construed or
deemed amended without, in the Company’s determination, materially altering the intent of this
Agreement or the Option, such provision shall be stricken as to such jurisdiction, person or
Option, and the remainder of this Agreement or the Option shall remain in full force and effect.

     17. Choice of Law. This Agreement and all determinations made and actions taken pursuant
hereto, to the extent not otherwise governed by the laws of the United States, shall be governed by
the laws of the State of Washington without giving effect to principles of conflicts of law.

     18. Definitions.

     “Board” means the Board of Directors of the Company.

     “Cause,” unless otherwise defined in a written employment, or services or other agreement
between the Participant and the Company or a Related Company and the Participant, means dishonesty,
fraud, misconduct, unauthorized use or disclosure of confidential information or trade secrets, or
conviction or confession of a crime punishable by law (except minor violations), in each case as
determined by the Company, and its determination shall be conclusive and binding.

     “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     “Common Stock” means the Class A Common Stock, par value $0.0001 per share, of the Company.

8

 

     “Company Transaction,” unless otherwise defined in a written employment, services or other
agreement between the Participant and the Company or a Related Company, means consummation of
either:

     (a) a merger or consolidation of the Company with or into any other company, entity or person;
or

     (b) a sale, lease, exchange or other transfer in one transaction or a series of related
transactions undertaken with a common purpose of all or substantially all the Company’s then
outstanding securities or all or substantially all the Company’s assets;

     provided, however, that a Company Transaction shall not include a Related Party Transaction.

     “Disability,” unless otherwise defined by the Company or in the instrument evidencing the
Option or in a written employment or services agreement between the Participant and the Company or
a Related Company, means a mental or physical impairment of the Participant that is expected to
result in death or that has lasted or is expected to last for a continuous period of 12 months or
more and that causes the Participant to be unable, in the opinion of the Company, to perform his or
her duties for the Company or a Related Company and to be engaged in any substantial gainful
activity.

     “Early Retirement” means Termination of Service prior to Retirement on terms and conditions
approved by the Company.

     “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     “Fair Market Value” means the per share value of the Common Stock as established in good faith
by the Board.

     “Grant Date” means the date that your Option was granted as it appears on your Grant Notice.

     “Nonqualified Stock Option” means an Option that does not qualify as an incentive stock option
under the Code.

     “Option Expiration Date” means, subject to earlier termination in accordance with the terms of
the Agreement and the instrument evidencing the Option, ten years from the Grant Date.

     “Participant” means the person to whom an Option is granted.

     “Related Company” means any entity that, directly or indirectly, is in control of, is
controlled by, or is under common control with the Company.

     “Related Party Transaction” means (a) a merger or consolidation of the Company in which the
holders of the outstanding voting securities of the Company immediately prior to the merger or
consolidation hold at least a majority of the outstanding voting securities of the

9

 

Successor Company immediately after the merger or consolidation; (b) a sale, lease, exchange or
other transfer of the Company’s assets to a majority-owned subsidiary company; (c) a transaction
undertaken for the principal purpose of restructuring the capital of the Company, including but not
limited to, reincorporating the Company in a different jurisdiction or creating a holding company;
or (d) a corporate dissolution or liquidation.

     “Retirement,” unless otherwise defined by the Company from time to time for purposes of the
Options, means Termination of Service on or after the date the individual reaches “normal
retirement age” as that term is defined in Section 41 l(a)(8) of the Code.

     “Securities Act” means the Securities Act of 1933, as amended.

     “Successor Company” means the surviving company, the successor company or its parent, as
applicable, in connection with a Company Transaction.

     “Termination of Service” means a termination of employment or service relationship with the
Company or a Related Company for any reason, whether voluntary or involuntary, including death,
Disability, Early Retirement or Retirement, as determined by the Board (or an officer designated by
the Board) in its sole discretion. Any question as to whether and when there has been a
Termination of Service for the purposes of an Option and the cause of such Termination of Service
shall be determined by the Board (or an officer designated by the Board) and its determination
shall be final. Transfer of the Participant’s employment or service relationship between Related
Companies, or between the Company and any Related Company, shall not be considered a Termination of
Service for purposes of an Option, but unless the (or an officer designated by the Board)
determines otherwise, a Termination of Service shall be deemed to occur if the Participant’s
employment or service relationship is with an entity that has ceased to be a Related Company.

     “Vesting Commencement Date” means the Grant Date or such other date selected by the Board as
the date from which the Option begins to vest.

Dated as of                     .

PARTICIPANT

                                                          

Signature

                                                          

Name (Print)

10

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