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EXHIBIT 4.7    
  

 
 

Form of Non-statutory Stock Option Contract for Executives pursuant to the 1996 Stock Incentive Plan    
  

 
 

OPTION CERTIFICATE
  (Non-Statutory Stock Option for Executives)    
  

    THIS IS TO CERTIFY that 3D Systems Corporation, a Delaware corporation (the "Company"), has granted to the
Officer of the Company named below a non-statutory stock option (the "Option") to purchase shares of the Company's Common Stock (the
"Shares"), under its 1996 Stock Incentive Plan (the "Plan"), and upon the terms and conditions
determined by the Compensation Committee (the "Committee") of the Board of Directors of the Company (the "Board"), as follows: 

    Name
of Optionee: 

    Address
of Optionee: 

    Number
of Shares: 

    Option
Exercise Price: 

    Date
of Grant: 

    Option
Expiration Date: 

    Exercise Schedule:  The Option shall become exercisable with respect to 25% of the number of shares subject to this
Option (rounded up or down to the nearest whole number) on each of the first four anniversaries of the Date of Grant, provided however that, in the
event of an acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") of
beneficial ownership (within the meaning of Rule 13d-3 of the Rules and Regulations of the Securities and Exchange Commission under the Exchange Act) of at least 51% or more of the
combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors, the Option shall become fully vested and immediately
exercisable. Installments shall be cumulative, and the Option may be exercised as to any and all shares of Common Stock covered by an installment at any time after the installment becomes exercisable
and prior to the expiration of termination of the Option. 

    Summary of Other Terms:  This Option is defined in the Stock Option Agreement (Non-Statutory Stock Option)
(the "Option Agreement") which is attached to this Option Certificate (the "Certificate") as Annex I.
This Certificate summarizes certain of the provisions of the Option Agreement for your information, but is not complete. Your rights are governed by the Option Agreement,  not by this summary. The
Company strongly suggests that you carefully review the full Option Agreement prior to signing this Certificate or exercising
the Option. 

    Among
the terms of the Option Agreement are the following: 

    Termination of Employment:  While the Option terminates on the Option Expiration Date, it will terminate earlier if you
cease to be employed by the Company or the direct or indirect subsidiary of the Company with whom you are employed (transfer of employment from one subsidiary to another will not constitute
termination of employment). If your employment ends due to retirement or death, the Option terminates eighteen months after the date of retirement or death, and is exercisable during such
eighteen-month period as to the portion of the Option which had vested prior to the date of retirement or death. If your employment ends due to disability, the Option terminates twelve months after
the date of disability, and is exercisable during such twelve-month period as to the portion of the Option which had vested prior to the date of disability. If your employment ends primarily as a
result of an act of misconduct described in Section 4(g) of the Plan, or during the period when your rights under the Option have been suspended by the Company pursuant to that Section, the
Option will terminate immediately. In all other cases, the Option terminates ninety days after the date of 

 

termination of employment, and is exercisable during such time period as to the portion of the Option which had vested prior to the date of termination of employment. See Section 5 of the
attached Option Agreement. 

    Transfer:  The Option is personal to you, and cannot be sold, transferred, assigned or otherwise disposed of to any
other person, except upon your death. See Section 13(d) of the attached Option Agreement. 

    Exercise:  You can exercise the Option (while it is exercisable), in whole or in part, by delivering to the Company a
Notice of Exercise identical to Exhibit "A" attached to the Option Agreement, accompanied by payment of, or provision pursuant to the Option Agreement for the payment of, the Exercise Price for the
Shares to be purchased. The Company may require you to submit certain written reassurances to the Company with respect to your status as a shareholder. The Company will then issue a certificate to you
for the Shares you have purchased. You are under no obligation to exercise the Option. See Section 4 of the attached Option Agreement. 

    Reload Option:  If and to the extent that the Exercise Price is paid by delivery of shares of the Company's Common Stock
(see Section 4(b) of the attached Option Agreement), you will automatically be granted a new option (a "Reload Option") for a like number of shares, with an exercise price equal to the market
value of a share of Common Stock on the date of exercise, and a term equal to the term of the Option. See Section 4(d) of the attached Option Agreement. 

    Adjustments upon Recapitalization:  The Option contains provisions which affect your rights in the event of stock
splits, stock dividends, mergers and other major corporate reorganizations. See Section 6 of the attached Option Agreement. 

    Waiver:  By signing this Certificate, you will be agreeing to all of the terms of the Option Agreement, including those
not summarized in this Certificate. You will waive your rights to options or stock which may otherwise have been promised to you. See Section 7 of the attached Option Agreement. 

    Withholding:  The Company may require you to make any arrangements necessary to insure the proper withholding of any
amount of tax, if any, required to be withheld by the Company as a result of the exercise of the Option. See Section 10 of the attached Option Agreement. 

2

 
 
 

A G R E E M E N T    
  

    3D Systems Corporation, a Delaware corporation, and Optionee each hereby agrees to be bound by all of the terms and conditions of the Stock Option Agreement
(Non-Statutory Stock Option) which is attached hereto as Annex I and incorporated herein by this reference as if set forth in full in this document. 

	DATED:	 	3D SYSTEMS CORPORATION
	

 	
 	

By:
 Its: General Counsel

	

 	
 	

 	
 	

 
	 	 	OPTIONEE
	

 	
 	

 Name:
	

 	
 	

 (Please print your name exactly as you wish it to appear on any stock certificates issued to you upon exercise of the Option)

3

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EXHIBIT 4.7

Form of Non-statutory Stock Option Contract for Executives pursuant to the 1996 Stock Incentive Plan

OPTION CERTIFICATE (Non-Statutory Stock Option for Executives)

A G R E E M E N TPrepared by MERRILL CORPORATION www.edgaradvantage.com

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EXHIBIT 10.37    
  

 
 

Amendment to Employment Agreement between Registrant and Gary J. Sbona    
  

August 8,
2000 

Mr. Jim
D. Kever, Director

Mr. Kevin S. Moore, Director

Special Committee of the Board of Directors

3D Systems Corporation

26081 Avenue Hall

Valencia, CA 91355 

Dear
Messrs. Kever and Moore 

RE: Amendment to Employment Agreement between Gary J. Sbona and 3D Systems Corporation  

    This Amendment to Employment Agreement sets forth certain amendments to the Employment Agreement between Gary J. Sbona ("Sbona"), and 3D Systems Corporation, a
Delaware corporation, and its wholly owned and controlled subsidiaries (collectively, "3D Systems"), dated September 9, 1999, (the "Original Employment Agreement"). Except for the amendments
expressly contained herein, the Original Employment Agreement shall remain in full force and effect. 

    The
paragraph of the Original Employment Agreement entitled "Term of Agreement" is hereby amended in its entirety as follows: 

"Term of agreement: The initial term of this agreement (the "Term") shall commence on the Effective Date and shall terminate twenty-four
(24) months thereafter (the "Termination Date"), unless sooner terminated as provided herein. Employer and Employee may, upon mutual agreement, elect to continue Employee's employment on an at
will basis (meaning that either the Employee of Employer may terminate the employment relationship at any time with or without cause or notice), after the initial term of this agreement." 

    A
new paragraph regarding stock options is hereby added to the Original Option Agreement following the first paragraph of section 11. It reads in its entirety as follows: 

"Stock Options: In addition to the initial stock option grant to Gary J. Sbona as an inducement to employment, dated September 9, 1999, for three
hundred fifty thousand (350,000) shares of 3D Systems common stock. 3D Systems agrees that it will grant an option or options for an additional three hundred fifty thousand (350,000) shares of 3D
Systems common stock to Gary J. Sbona as of August 8, 2000 at the average market closing price for the five (5) days prior to that date. These options are granted as an incentive to
renew employment and shall vest and be exercised in a similar manner as the original option grant." 

Very
truly yours, 

Gary J. Sbona

By:

   

   Gary J. Sbona 

 

Mr. Jim D. Kever

Mr. Kevin S. Moore

Special Committee of the Board of Directors

August 8, 2000

Page 2 of 3 

THE
FOREGOING IS HEREBY APPROVED AND AGREED TO: 

DATED:            ,
2000 

3D
SYSTEMS CORPORATION

(Signifies full agreement with all terms and conditions)

BY:

   

Name: Jim D. Kever         Title: Director 

BY:

   

Name: Kevin S. Moore         Title: Director 

2

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EXHIBIT 10.37

Amendment to Employment Agreement between Registrant and Gary J. Sbona

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