Document:

exv10w41

Exhibit 10.41

AGREEMENT RESPECTING NONCOMPETITION,

NONSOLICITATION AND CONFIDENTIALITY

     This AGREEMENT RESPECTING NONCOMPETITION, NONSOLICITATION AND CONFIDENTIALITY (this
“Agreement”) is entered into this ___day of                      200_, by and between                      (“Employee”)
and NeuStar, Inc. (together with its affiliates and successors, “NeuStar”) (hereinafter
collectively referred to as “the Parties”).

     WHEREAS, Employee is employed by NeuStar;

     NOW, THEREFORE, in consideration of                     , and the mutual covenants described below,
the Parties agree as follows:

     1. Noncompetition. Employee acknowledges that his or her employment with NeuStar has
created a relationship of confidence and trust between Employee and NeuStar. During the term of
Employee’s employment, Employee has obtained Confidential Information (within the meaning of
Paragraph 3) with regard to NeuStar, its officers, directors and employees and/or its clients,
customers and vendors and has obtained contacts, training and experience. Employee acknowledges
and agrees that there is a substantial probability that such Confidential Information, contacts,
training and experience could be used to the substantial advantage of a competitor of NeuStar
and/or to NeuStar’s substantial detriment. Therefore, in consideration for                     , Employee
agrees that prior to 18 months from the date his or her employment is terminated or otherwise
ceases, with respect to any state or country in which NeuStar engaged in business during Employee’s
employment term, Employee shall not participate or engage, directly or indirectly, for himself or
herself or on behalf of or in conjunction with any person, partnership, corporation, or other
entity, whether as an employee, agent, officer, director, shareholder, partner, joint venturer,
investor or otherwise, in any business competitive with a business undertaken by NeuStar or by
Employee at any time during Employee’s employment term. For purposes of this paragraph, such
business shall include but not be limited to the activities of numbering, number management,
internet domains, web performance and network monitoring, communication registries, and
infrastructure services relating to mobile data and messaging.

     Nowithstanding the foregoing, nothing herein shall prohibit Employee from being employed by,
or holding a passive or indirect equity ownership in, any person or entity that has operations that
compete with NeuStar so long as Employee does not personally participate in the management of, or
provide strategic advice to, the operations of such person or entity that compete with NeuStar.

     2. Nonsolicitation. Employee agrees that during his or her employment with NeuStar
and for 18 months thereafter, Employee shall not engage in Solicitation, whether for Employee’s own
account or for the account of any other individual, partnership, firm, corporation or other
business organization (other than NeuStar). “Solicitation” means any of the following, or an
attempt to do any of the following: (i) recruiting, soliciting or inducing any non-clerical
employee or consultant of NeuStar (including, but not limited to, any independent sales
representative or organization) to terminate his or her employment with, or otherwise cease or
reduce his or her relationship with, NeuStar; (ii) hiring or assisting another person or entity to
hire any non-clerical employee or consultant of NeuStar or any person who within 12 months
before was such a person; or (iii) soliciting or inducing any person or entity (including any
person who within the preceding 12 months was a customer or client of NeuStar) to terminate,
suspend, reduce, or diminish in any way its relationship with or prospective relationship with
NeuStar. The placement of general classified or “help wanted” advertisements and/or general
solicitations to the public at large shall not constitute a violation of this Paragraph 2 unless
Employee’s name is contained in such advertisements or solicitations.

1

 

     3. Confidentiality. Employee agrees not to disclose to any person or entity or use,
at any time (except as may be required by law or legal process), Confidential Information.
“Confidential Information” means any information not in the public domain or generally known in the
industry, in any form, acquired by Employee while employed by NeuStar or any predecessor to
NeuStar’s business or, if acquired following the employment term, such information which, to
Employee’s knowledge, has been acquired, directly or indirectly, from any person or entity owing a
duty of confidentiality to NeuStar (or to which NeuStar owes a duty of confidentiality), including
but not limited to information regarding customers, vendors, suppliers, trade secrets, training
programs, manuals or materials, technical information, contracts, systems, procedures, mailing
lists, know-how, trade names, improvements, price lists, financial or other data (including the
revenues, costs or profits associated with any of NeuStar’s products or services), business plans,
code books, invoices and other financial statements, computer programs, software systems,
databases, discs and printouts, plans (business, technical or otherwise), customer and industry
lists, correspondence, internal reports, personnel files, sales and advertising material, telephone
numbers, names, addresses or any other compilation of information, written or unwritten, which is
or was used in the business of NeuStar. All of such information, in any form, and copies and
extracts thereof, are and shall remain the sole and exclusive property of NeuStar, and upon the
resignation of Employee’s employment with NeuStar, Employee shall return to NeuStar the originals
and all copies of any such information provided to or acquired by Employee in connection with the
performance of his or her duties for NeuStar, and shall return to NeuStar all files, correspondence
and other communications received, maintained or originated by Employee during the course of his or
her employment.

     4. Nondisparagement. Employee agrees not to issue or communicate, directly or
indirectly, any public statement (or statement likely to become public) that disparages,
denigrates, maligns or impugns NeuStar or its officers, directors, employees, products or services,
except truthful responses to legal process or governmental inquiry or by Employee in carrying out
his or her duties while employed by NeuStar.

     5. Consideration. Employee acknowledges and agrees that the covenants provided for in
this Agreement, including the term of the restricted period, the range of activities and the
geographic area encompassed in such covenants, are reasonable and necessary in order to protect
NeuStar in the conduct of its business and the utilization of its assets. Employee agrees that the
prohibitions and restrictions in this Agreement will not prevent Employee from earning a livelihood
after the termination of his or her employment. Employee further agrees that ___are in
consideration of his or her entering into this Agreement.

     6. Interpretation. If any restriction with regard to this Agreement is found by a
court of competent jurisdiction to be invalid or unenforceable because it extends for too long a
period
of time or over too great a range of activities or in too broad a geographic area, it shall be
deemed amended to extend over the maximum period of time, range of activities and/or geographic
area to which it may be enforceable.

2

 

     7. Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement.

     8. Waiver of Rights. No delay or omission by NeuStar in exercising any right under
this Agreement will operate as a waiver of that or any other right. A waiver or consent given by
NeuStar on any one occasion is effective only in that instance and will not be construed as a bar
to, or waiver of, any right on any other occasion.

     9. Equitable Remedies. The restrictions contained in this Agreement are necessary for
the protection of the business and goodwill of NeuStar and are considered by Employee to be
reasonable for such purpose. Employee agrees that any breach or threatened breach of this
Agreement is likely to cause NeuStar substantial and irreparable damage and therefore, in the event
of any such breach or threatened breach, Employee agrees that NeuStar, in addition to such other
remedies which may be available, shall be entitled to specific performance and other injunctive
relief. In addition, Employee acknowledges that NeuStar may, in its sole discretion, upon or after
termination of Employee’s employment with NeuStar, notify any future employer of Employee or other
person or entity with which Employee has dealings of his or her obligations under this Agreement.

     10. Stay of Time. In the event that Employee violates Paragraph 1 or 2 of this
Agreement, the running of the time period of such provision so violated shall be automatically
suspended on the date of such violation and shall resume on the date such violation permanently
ceases.

     11. Assignability. NeuStar may assign this Agreement to any of its affiliates or any
other company or entity that acquires (whether by purchase, merger, consolidation or otherwise) all
or substantially all of the business and/or assets of NeuStar; provided, however, that in the event
of such an acquisition, the restrictions in Paragraph 1 of this Agreement shall apply only to
participation in a business competitive with a business undertaken by NeuStar or by Employee during
Employee’s employment term up to the date of such acquisition.

     12. Amendment. This Agreement may not be amended, modified, altered or supplemented
other than by means of a written instrument duly executed by and delivered on behalf of Employee
and NeuStar.

     13. Governing Law. The parties agree that this Agreement, and all rights and
obligations hereunder, shall be deemed to have been made in the Commonwealth of Virginia, shall
take effect as an instrument under seal within Virginia, and shall be governed by and construed in
accordance with Virginia law, without giving effect to conflict of law principles. Any action,
demand, claim or counterclaim relating to the terms and provisions of this Agreement, or to its
formation or breach, shall be commenced in Virginia in state or federal
court, and venue for such actions shall lie exclusively in Virginia. Employee and NeuStar
consent to the jurisdiction of such a court.

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     14. Signature in Counterparts. This Agreement may be signed in counterparts.

     15. EMPLOYEE ACKNOWLEDGES THAT HE OR SHE HAS CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS AND
AGREES TO ALL OF THE PROVISIONS IN THIS AGREEMENT.

     IN WITNESS WHEREOF, the Parties to this Agreement Respecting Noncompetition, Nonsolicitation
and Confidentiality have executed this instrument on the date(s) set forth below.

     EMPLOYEE

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Date:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	NEUSTAR, INC.	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	By:
	 	 	 	Date:	 	 	 	 
	 

	 	 	 	 
	 	 	 	 	 	 
	 

	 	Name:	 	 	 	 	 	 	 	 
	 

	 	Title:	 	 	 	 	 	 	 	 

4exv10w42

Exhibit 10.42

INCENTIVE STOCK OPTION AGREEMENT

UNDER THE

NEUSTAR, INC. 1999 EQUITY INCENTIVE PLAN

          THIS AGREEMENT, made as of December 18, 2003 (the “Effective Date”), by and between NeuStar,
Inc., a Delaware corporation (the “Company”), and Martin Lowen (the “Participant”).

WITNESSETH:

          WHEREAS, the Company desires to afford the Participant the opportunity to acquire an ownership
of the Company’s common stock, par value $.002 per share (“Common Stock”), so that the Participant
may have a direct proprietary interest in the Company’s success.

          NOW, THEREFORE, in consideration of the covenants and agreements herein contained, the
parties hereto hereby agree as follows:

     1. Grant of Option. Subject to the terms and conditions set forth herein and in the
Company’s 1999 Equity Incentive Plan, as restated as of March 13, 2002 (the “Plan”), the Company
hereby grants to the Participant, during the period commencing on the date of this Agreement and
ending on December 18, 2013 (the “Expiration Date”), the right and option (the right to purchase
any one share of Common Stock hereunder being an “Option”) to purchase from the Company 14,513
shares of Common Stock. The Options shall have an exercise price of $9.00 per share, which is not
less than the Fair Market Value per share of the Common Stock as of the date hereof. Each of the
Options granted pursuant to this Section 1 shall constitute Incentive Common Stock Options to the
extent permissible under Section 422 of the Code and the Plan.

     2. Limitations on Exercise of Options. Subject to the terms and conditions set forth
herein and the Plan, the Options shall vest and become exercisable, on a cumulative basis, with
respect to 40% of the shares on December 18, 2005, and with respect to 1.667% of the shares on the
last day of each succeeding calendar month thereafter so long as the Participant continues in the
Service of the Company; provided, however, the Participant may not exercise any Option for
fractional shares of Common Stock. The Committee or the Board may accelerate the vesting and
exercisability of any or all of the then-unvested Options at any time.

     3. Termination of Service. (a) If, prior to the Expiration Date, the Participant’s
Service with the Company shall terminate (the date of termination being the “Date of Termination”)
by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable
until the earlier of the Expiration Date or the day three (3) months after the Date of Termination
to the extent the Options were vested and exercisable as of the Date of Termination.

          (b) If the Participant’s Service with the Company shall cease prior to the Expiration
Date by reason of death or disability, or the Participant shall die or become disabled while
entitled to exercise any of the Options pursuant to paragraph 3(a), the Participant or the
Participant’s legal representative, or, in the case of death, the executor or administrator of the
estate of the Participant or the person or persons to whom the

 

 

Options shall have been validly transferred by the executor or administrator pursuant to will or
the laws of descent and distribution, shall have the right, until the earlier of the Expiration
Date or one year after the date of death or disability, to exercise the Options to the extent that
the Participant was entitled to exercise them on the date of death or disability.

          (c) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated
for “Cause” (as defined in the Plan), (i) unless otherwise provided by the Committee, the Options,
to the extent not exercised as of the Date of Termination, shall lapse and be canceled, and (ii)
all shares of Common Stock received pursuant to an exercise of the Options after such termination,
in contravention of subsection (i) above, may be purchased by the Company at its discretion for the
exercise price of such shares paid by the Participant. If the Participant’s Service relationship
with the Company is suspended pending an investigation of whether the Participant shall be
terminated for Cause, all the Participant’s rights with respect to the Options shall be suspended
during the period of investigation.

          (d) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated
other than for Cause, a Normal Termination, death or disability, the Options, to the extent then
vested and exercisable as of the Date of Termination, shall remain exercisable until the earlier of
the Expiration Date or thirty (30) days after the Date of Termination.

          (e) After the expiration of any exercise period described in any of Sections 3(a) — (d)
hereof, or otherwise upon the Expiration Date, the Options shall terminate together with all of the
Participant’s rights hereunder, to the extent not previously exercised.

     4. Non-Transferable. Except as specifically authorized by the Committee, the
Participant may not transfer the Options except by will or the laws of descent and distribution and
the Options shall be exercisable during the Participant’s lifetime only by the Participant or, in
the event of the Participant’s legal incapacity, his guardian or legal representative. Except as so
authorized, no purported assignment or transfer of the Options, or of the rights represented
thereby, whether voluntary or involuntary, by operation of law or otherwise (except by will or the
laws of descent and distribution), shall vest in the assignee or transferee any interest or right
herein whatsoever.

     5. Adjustments and Corporate Reorganizations; Changes in Organization.

          (a) In accordance with and subject to the applicable terms of the Plan and this
Agreement, the Options shall be subject to adjustment or substitution, as determined by the
Committee in its sole discretion, as to the number, price or kind of Common Stock or other
consideration subject to such Options or as otherwise determined by the Committee in its sole
discretion to be equitable (i) in the event of changes in the outstanding Common Stock or in the
capital structure of the Company by reason of stock

 

 

dividends, stock splits, reverse stock splits, recapitalizations, reorganizations, mergers,
consolidations, combinations, exchanges, or other relevant changes in capitalization occurring
after the date hereof or (ii) in the event of any change in applicable laws or any change in
circumstances which results in or would result in any substantial dilution or enlargement of the
rights granted to, or available for, the Participant. The Committee shall give the Participant
written notice of an adjustment hereunder.

          (b) In the event that the Company undertakes a change in its
organization, including but not limited to a combination of business units, the creation of
a new business unit, the elimination of a business unit, or the acquisition, sale or transfer
of an interest in a business unit, the Options shall be subject to adjustment or substitution
(including but not limited to the substitution of common stock of or other ownership
interest in a Related Entity, other consideration or another Award under the Plan), as to
the number, price or kind of Common Stock or other consideration subject to such
Options or as otherwise determined by the Committee in its sole discretion to be
equitable. For purposes of this Agreement, a “business unit” shall mean any Related
Entity or any division or other unit or group within the Company that the Committee
designates as a “business unit”.

          (c) Subject to the provisions of Section 13(b) of the Plan, in the event of a
Corporate Transaction (as defined below), if the Options evidenced by this Agreement
are not assumed or continued or a substantially equivalent option or right is not
substituted by the surviving corporation, the successor corporation or its parent
corporation, as applicable (the “Successor Corporation”), the Participant shall, as of the
date of the Corporate Transaction, fully vest in and have the right to exercise such
Options as to all shares of Common Stock then subject thereto that would otherwise have
vested and become exercisable during the twelve-month period commencing on the date
of the Corporate Transaction and, subject to the next sentence, unvested Options with
respect to any other shares of Common Stock shall continue to vest as set forth in Section
2. If any Options evidenced by this Agreement are assumed or replaced (and any such
Options shall be considered assumed if the Company in a Corporate Transaction
reaffirms the Options) in connection with a Corporate Transaction and do not otherwise
vest at that time, and if Participant’s Service with the Company is subsequently
terminated within one (1) year following such Corporate Transaction, unless such Service
is terminated by the Successor Corporation for Cause or by the Participant voluntarily
without Good Reason (as defined below), the Participant shall fully vest in and have the
right to exercise the Options as to all shares of Common Stock then subject thereto that,
but for such termination, would have otherwise vested and become exercisable during the
twelve-month period commencing on the effective date of such termination, and unvested
Options with respect to any other shares of Common Stock shall continue to vest as set
forth in Section 2.

          (d) For
purposes of this Agreement, a “Corporate Transaction” shall mean any of the following events:

     (i) The consummation of any merger or consolidation of the Company in which the
Company is not the continuing or surviving corporation, or pursuant

 

 

to which shares of Common Stock are converted into cash, securities or other property, if
following such merger or consolidation the holders of the Company’s outstanding voting
securities immediately prior to such merger or consolidation own less than a majority of
the outstanding voting securities of the surviving corporation.

     (ii) The consummation of any sale, lease, exchange or other transfer in one
transaction or a series of related transactions of all or substantially all of the
Company’s assets, other than a transfer of the Company’s assets to a majority-owned
subsidiary of the corporation.

     (iii) The approval by the holders of the Common Stock of any plan or proposal for
the liquidation or dissolution of the Company.

     (iv) The acquisition by a person, within the meaning of Section 3(a)(9) or of
Section 13 (d)(3) (as in effect on the date of adoption of the Plan) of the Exchange Act of
a majority or more of the Company’s outstanding voting securities (whether directly or
indirectly, beneficially or of record), other than a person who held such majority on the
date of adoption of the Plan. Ownership of voting securities shall take into account and
shall include ownership as determined by applying Rule 13d-3(d)(l)(i) (as in effect on the
date of adoption of the Plan) pursuant to the Exchange Act.

          (e) For purposes of this Agreement, “Good Reason” shall mean, without the Participant’s
prior written consent, any of the following events or conditions and the failure of the Successor
Corporation to cure such event or condition within thirty (30) days after receipt of written notice
from the Participant:

     (i) A substantial diminution or material adverse change in the Participant’s
status, title, position, authority, duties or responsibilities (including reporting
responsibilities) as in effect immediately prior to a Corporate Transaction, except in
connection with the Participant’s termination of Service with the Company for Cause,
disability, death or by the Participant other than for Good Reason.

     (ii) A reduction in the Participant’s annual base salary.

     (iii) The Successor Corporation’s failure to cover the Participant under employee
benefit plans, programs and practices that, in the aggregate, provide substantially
comparable benefits (from an economic perspective) to the Participant relative to the
benefits and total costs under the material employee benefit plans, programs and practices
in which the Participant (and/or his family or dependents) is participating immediately
preceding the Corporate Transaction.

     (iv) The Successor Corporation’s requiring the Participant to be based at any
office location that is more than fifty (50) miles further from the Participant’s office
location immediately prior to a Corporate Transaction; except for reasonable required
travel for the Successor Corporation’s business that is not

 

 

materially greater than such travel requirements prior to such Corporate
Transaction.

     (v) A material breach by the Successor Corporation of its obligations to the
Participant under the Plan.

     6. Exercise; Payment For and Delivery of Common Stock. The Options shall be exercised
by delivering written notice to the Committee stating the number of whole shares of Common Stock to
be purchased, the person or persons in whose name the shares of Common Stock are to be registered
and each such person’s address and social security number. Such notice shall not be effective
unless accompanied by the full purchase price for all shares to be purchased, and any applicable
withholding (as described below). The purchase price shall be payable in cash, in shares of Common
Stock, any combination of cash or shares of Common Stock or such other method of payment as is
authorized by the Plan with the consent of the Committee; provided, however, that
the Participant may use Common Stock in payment of the exercise price only if the shares so used
are considered “mature” for purposes of generally accepted accounting principles (i.e., (i)
been held by the Participant free and clear for at least six (6) months prior to the use thereof to
pay part of an Option exercise price, (ii) been purchased by the Participant in other than a
compensatory transaction, or (iii) meet any other requirements for “mature” shares as may exist on
the date of the use thereof to pay part of an Option exercise price). In the event that all or part
of the purchase price is paid in shares of Common Stock, the shares used in payment shall be valued
at their Fair Market Value on the date of exercise of the Options. At the time of exercise, the
Participant shall pay to the Company, in cash, or by having the Company withhold upon exercise of
the Option a sufficient number of shares of Common Stock otherwise deliverable to the Participant
based on the Fair Market Value of the Common Stock on the date of exercise, at the election of the
Participant, such minimum amount as the Company deems necessary to satisfy its obligation to
withhold Federal, state or local income or other taxes incurred by reason of the exercise or the
transfer of shares thereupon. Payment in currency or by certified or cashier’s check shall be
considered payment in cash.

     7. Rights as Common Stockholder. The Participant or a transferee of the Options shall
have no rights as a stockholder with respect to any shares covered by the Options until he or she
shall have become the holder of record of such shares (and the Company shall use its reasonable
best efforts to cause the Participant promptly to become the holder of record of such shares), and,
except as provided in Section 5 hereof, no adjustment shall be made for dividends or distributions
or other rights in respect of such shares for which the record date is prior to the date upon which
he shall become the holder or record thereof.

     8. Company; Participant. (a) The term “Company” as used in this Agreement with
reference to employment shall include the Company and its affiliates.

          (b) Whenever the word “Participant” is used in any provision of this Agreement under
circumstances where the provision should logically be construed to apply to the executors, the
administrators, legal representatives or the person or persons

 

 

to whom the Options may be transferred by will or by the laws of descent and distribution, the word
“Participant” shall be deemed to include such person or persons.

     9. Requirements of Law. (a) By accepting the Options, the Participant
represents and agrees for himself and his transferees (whether by will or the laws of
descent and distribution) that, unless a registration statement under the Securities Act of
1933, as amended (the “Act”), is in effect as to shares purchased upon any exercise of the
Options, (i) any and all shares so purchased shall be acquired for his or her personal
account and not with a view to or for sale in connection with any distribution, and (ii)
each notice of the exercise of any portion of this Option shall be accompanied by a
representation and warranty in writing, signed by the person entitled to exercise the same,
that the shares are being so acquired in good faith for his personal account and not with a
view to or for sale in connection with any distribution.

          (b) No certificate or certificates for shares of Common Stock may be purchased, issued or
transferred if the exercise hereof or the issuance or transfer of such shares shall constitute a
violation by the Company or the Participant of any (i) provision of any Federal, state or other
securities law, (ii) requirement of any securities exchange listing agreement to which the Company
may be a party, or (iii) other requirement of law or of any regulatory body having jurisdiction
over the Company. Any reasonable determination in this connection by the Board or the Committee,
upon notice given to the Participant, shall be final, binding and conclusive.

          (c) The certificates representing shares of Common Stock acquired pursuant to the exercise of
options shall carry such appropriate legend, and such written instructions shall be given to the
Company’s transfer agent, as may be deemed necessary or advisable by counsel to the Company in
order to comply with the requirements of the Act or any state securities laws.

     10. Notices. Any notice to be given to either party shall be in writing and shall be
given by hand delivery to such party or by registered or certified mail, return receipt requested,
postage prepaid, addressed to the Company in care of its Secretary at its principal office, and to
the Participant at the address given beneath his signature hereto, or at such other address as
either party shall have furnished to the other in writing in accordance herewith. Notice and
communications shall be effective when actually received by the addressee.

     11. Disposition of Common Stock. The Participant agrees to notify the Company, in
writing, within thirty (30) days of any disposition (whether by sale, exchange, gift or otherwise)
of shares of Common Stock purchased under this Agreement.

     12. Binding Effect. Subject to Section 4 hereof, this Agreement shall be binding upon
the heirs, executors, administrators, successors and permitted assigns of the parties hereto.

     13. Plan. The terms and provisions of the Plan are incorporated herein by reference
and made a part hereof as though fully set forth herein. In the event of any conflict or
inconsistency between discretionary terms and provisions of this Agreement, this Agreement shall
govern and control. In all

 

 

other instances of conflicts or inconsistencies or omissions, the terms and provisions of the Plan
shall govern and control. All capitalized terms not otherwise expressly defined in this Agreement
shall have the meaning ascribed to them in the Plan.

     14. Governing Law. This Agreement shall be construed and interpreted in accordance
with the laws of the State of Delaware, without regard to the principles of conflicts of law
thereof.

     15. Entire Agreement. This Agreement, together with the Plan, contains the entire
agreement and understanding between the parties with respect to the subject matter hereof and
supersedes all prior agreements, written or oral, with respect thereto.

          IN WITNESS WHEREOF, the Company has granted this Option on the Effective Date.

          This instrument may be executed in any number of counterparts, each of which shall be
deemed to be an original, and such counterparts together shall constitute one and the same
instrument.

	 	 	 	 	 
	 	NEUSTAR, INC.

 	 
	 	By:  	/s/ Jeffrey Ganek
 	 
	 	 	Name:  	Jeffrey Ganek 	 
	 	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 
	ACCEPTED:
	 	 
	 
	 	 
	/s/ Martin Lowen
 

Martin Lowen

	 	 

 

 

INCENTIVE STOCK OPTION AGREEMENT AMENDMENT

     This
Incentive Stock Option Agreement Amendment dated as of June 22,
2004 (this “Amendment”)
is made by and between NeuStar, Inc. a Delaware corporation having its principal place of business
in Sterling, Virginia (the “Company”), and Martin Lowen (the “Participant”). Capitalized terms not
otherwise defined herein shall have the meaning ascribed to such terms in the Option Agreement (as
defined below).

WITNESSETH:

     WHEREAS, Company granted Participant the right and option to purchase from the Company 14,513
shares (the “Option Shares”) of Company’s common stock, par value $.002 per share;

     WHEREAS, Company and Participant entered into an Incentive Stock Option Agreement under the
NeuStar, Inc. 1999 Equity Incentive Plan (the “Option Agreement”) dated December 18, 2003;

     WHEREAS, the Company and Participant desire to amend the Option Agreement to revise the
definitions of “Corporate Transaction” under Section 5(d) thereof and the definition of “Good
Reason” under Section 5(e) thereof as set forth below.

     NOW, THEREFORE, in consideration of the premises and further valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

     1. Amendment to Section 5 (d) and 5(e) of the Option Agreement.
Subject to the terms and conditions set forth herein, Sections 5 (d) and 5(e) of the
Option Agreement are hereby amended and restated in their entirety as follows:

     “(d) For purposes of this Agreement, a “Corporate Transaction”
shall mean any of the following events:

     (i) The consummation of any merger or consolidation of the
Company, if immediately following such merger or consolidation the
holders of the Company’s outstanding voting securities immediately
prior to such merger or consolidation do not own at least a majority
of the outstanding voting securities of the surviving corporation in
approximately the same proportion as they did immediately prior to
such merger or consolidation.

     (ii) The consummation of any sale, lease, exchange or other
transfer in one transaction or a series of related transactions of all
or substantially all of the Company’s assets.

First Amendment to ISO Option Agreement with Optionee

 

 

other than a transfer of the Company’s assets to a majority-owned
subsidiary of the corporation, or to an entity in which the holders of the
majority of the outstanding voting securities of the entity immediately
prior to the transfer own at least the majority of the outstanding
securities immediately after such transfer in approximately the same
proportion as immediately prior to such transfer.

     (iii) The approval by the holders of the Common Stock of any plan or
proposal for the liquidation or dissolution of the Company.

     (iv) The acquisition by a person, within the meaning of Section 3(a)(9) or
of Section 13 (d)(3) of the Exchange Act of a majority or more of the Company’s
outstanding voting securities (whether directly or indirectly, beneficially or of
record), other than a person who held such majority on the date of adoption of
the Plan. Ownership of voting securities shall take into account and shall
include ownership as determined by applying Rule 13d-3(d)(l)(i) pursuant to the
Exchange Act.

     (e) For purposes of this Agreement, “Good Reason” shall mean, without the
Participant’s prior written consent, any of the following events or conditions and the
failure of the Successor Corporation to cure such event or condition within thirty (30)
days after receipt of written notice from the Participant:

	 	(i)	 	A substantial diminution or material adverse
change in the Participant’s status, title, position,
authority, duties or responsibilities (including reporting
responsibilities) as in effect immediately prior to a
Corporate Transaction, except in connection with the
Participant’s termination of Service with the Company for
Cause, disability, death or by the Participant other than for
Good Reason.
	 
	 	(ii)	 	A reduction in the Participant’s annual base salary,
except in connection with an across-the-board salary
reduction of less than ten percent (10%) affecting all
senior executives of the Company.
	 
	 	(iii)	 	The Successor Corporation’s
failure to cover the Participant under employee benefit plans,
programs and practices that, in the aggregate, provide
substantially comparable benefits (from an economic perspective) to
the Participant

First Amendment to ISO Option Agreement with Optionee

 

 

	 	 	 	relative to the benefits and total costs under the
material employee benefit plans, programs and practices in
which the Participant (and/or his family or dependents) is
participating immediately preceding the Corporate
Transaction.
	 
	 	(iv)	 	The Successor Corporation’s requiring the
Participant to be based at any office location that is
more than fifty (50) miles further from the Participant’s
office location immediately prior to a Corporate
Transaction; except for reasonable required travel for the
Successor Corporation’s business that is not materially
greater than such travel requirements prior to such
Corporate Transaction.
	 
	 	(v)	 	A material breach by the Successor Corporation
of its obligations to the Participant under the
Plan.”

     2. Entire Agreement. This Amendment sets forth the entire understanding and agreement
of the parties hereto in relation to the subject matter hereof and supersedes any prior
negotiations and agreements among the parties relating to such subject matter. None of the terms or
conditions of this Amendment may be changed, modified, waived or canceled orally or otherwise,
except in writing.

     3. Full Force and Effect of Agreement. Except as hereby specifically amended, modified
or supplemented, the Option Agreement is hereby confirmed and ratified in all respects and shall be
and remain in full force and effect according to their respective terms.

     4. Counterparts. This Amendment may be executed in any number of counterparts, each of
which shall be deemed an original as against any party whose signature appears thereon, and all of
which shall together constitute one and the same instrument.

     5. Governing Law. This Amendment shall be construed and interpreted in accordance with
the laws of the State of Delaware, without regards to the principles of conflicts of law.

First Amendment to ISO Option Agreement with Optionee

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be made, executed and
delivered by their duly authorized officers as of the day and year first above written.

	 	 	 	 	 
	 	NEUSTAR, INC.

 	 
	 	By:  	/s/ Jeffrey E. Ganek
 	 
	 	 	Name:  	Jeffrey E. Ganek 	 
	 	 	Title:  	Chairman and Chief Executive Officer 	 
	 
	 	OPTIONEE:

 	 
	 	Martin Lowen 	 
	 	 	 
	 	/s/ Martin Lowen
 	 

First Amendment to ISO Option Agreement with Optionee

 

 

     INCENTIVE STOCK OPTION AGREEMENT AMENDMENT

     This Incentive Stock Option Agreement Amendment dated as of May 20, 2005 (this
“Amendment”) is made by and between NeuStar, Inc. a Delaware corporation having its
principal place of business in Sterling, Virginia (the “Company”), and Martin Lowen (the
“Participant”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to
such terms in the Option Agreement (as defined below).

WITNESSETH:

     WHEREAS, Company granted Participant the right and option to purchase from the Company 14,513
shares (the “Option Shares”) of Company’s common stock, par value $.002 per share;

     WHEREAS, Company and Participant entered into an Incentive Stock Option Agreement under the
NeuStar, Inc. 1999 Equity Incentive Plan (the “Option Agreement”) dated December 18, 2003, as
amended on June 22, 2004.

     WHEREAS, the Company and Participant desire to amend the Option Agreement to provide for,
among other things, accelerated vesting of a certain number of the Option Shares under the
circumstance and terms as set forth below.

     NOW, THEREFORE, in consideration of the premises and further valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

     1. Amendment to Section 5 of the Option Agreement. Subject to the terms and
conditions set forth herein, Section 5 of the Option Agreement is hereby amended by deleting
Sections 5 (c), (d) and (e) thereof and replacing such Sections with the following language:

     “(c) Subject to the provisions of Section 13(b) of the Plan, in the event of a
Corporate Transaction (as defined below), if the Option evidenced by this Agreement is not
assumed or continued or a substantially equivalent option or right is not substituted by
the surviving corporation, the successor corporation or its parent corporation, as
applicable (the “Successor Corporation”), the Participant shall fully vest in and have the
right to exercise the Option as to all shares of Common Stock then subject thereto,
including shares as to which the Option would not otherwise be vested or exercisable. Any
such Options that are assumed or replaced (and any such Option shall be considered assumed
if the Company in a Corporate Transaction reaffirms the Option) in connection with a
Corporate Transaction and do not otherwise vest at that time shall be fully vested and
exercisable in the event the Participant’s Service with the Company should

 

 

subsequently be terminated within two (2) years following such Corporate Transaction, unless such
Service is terminated by the Successor Corporation for Cause or by the Participant voluntarily
without Good Reason (as defined below).

     (d)
For purposes of this Agreement, a “Corporate Transaction” shall mean any of the following events:

     (i) The consummation of any merger or consolidation of the Company, if
immediately following such merger or consolidation the holders of the Company’s
outstanding voting securities immediately prior to such merger or consolidation
do not own at least a majority of the outstanding voting securities of the
surviving corporation in approximately the same proportion as they did
immediately prior to such merger or consolidation.

     (ii) The consummation of any sale, lease, exchange or other transfer in one
transaction or a series of related transactions of all or substantially all of
the Company’s assets, other than a transfer of the Company’s assets to a
majority-owned subsidiary of the corporation, or to an entity in which the
holders of the majority of the outstanding voting securities of the entity
immediately prior to the transfer own at least the majority of the outstanding
securities immediately after such transfer in approximately the same proportion
as immediately prior to such transfer.

     (iii) The approval by the holders of the Common Stock of any plan or
proposal for the liquidation or dissolution of the Company.

     (iv) The acquisition by a person, within the meaning of Section 3(a)(9) or
of Section 13 (d)(3) of the Exchange Act of a majority or more of the Company’s
outstanding voting securities (whether directly or indirectly, beneficially or
of record), other than a person who held such majority on the date of adoption
of the Plan. Ownership of voting securities shall take into account and shall
include ownership as determined by applying Rule 13d-3(d)(l)(i) pursuant to the
Exchange Act.”

     (e) For purposes of this Agreement, “Good Reason” shall mean, without the
Participant’s prior written consent, any of the following events or conditions and the
failure of the Successor Corporation to cure such event or condition within thirty (30)
days after receipt of written notice from the Participant:

	 	(i)	 	A substantial diminution or material adverse change in the Participant’s
status, title, position, authority, duties or responsibilities (including
reporting responsibilities) as in effect immediately prior to a Corporate
Transaction, except in connection with the Participant’s termination of

2

 

	 	 	 	Service with the Company for Cause, disability, death or by the
Participant other than for Good Reason.

	 	(ii)	 	A reduction in the Participant’s annual base salary.
	 
	 	(iii)	 	The Successor Corporation’s failure to cover the Participant under
employee benefit plans, programs and practices that, in the aggregate,
provide substantially comparable benefits (from an economic perspective) to
the Participant relative to the benefits and total costs under the material
employee benefit plans, programs and practices in which the Participant
(and/or his family or dependents) is participating immediately preceding
the Corporate Transaction.
	 
	 	(iv)	 	The Successor Corporation’s requiring the Participant to
be based at any office location that is more than fifty (50) miles further from
the Participant’s office location immediately prior to a Corporate Transaction;
except for reasonable required travel for the Successor Corporation’s business
that is not materially greater than such travel requirements prior to such
Corporate Transaction.
	 
	 	(v)	 	A material breach by the Successor Corporation of its
obligations to the Participant under the Plan.”

     2. Entire Agreement. This Amendment sets forth the entire understanding and agreement
of the parties hereto in relation to the subject matter hereof and supersedes any prior
negotiations and agreements among the parties relating to such subject matter. None of the terms or
conditions of this Amendment may be changed, modified, waived or canceled orally or otherwise,
except in writing.

     3. Full Force and Effect of Agreement. Except as hereby specifically amended, modified
or supplemented, the Option Agreement is hereby confirmed and ratified in all respects and shall be
and remain in full force and effect according to their respective terms.

     4. Counterparts. This Amendment may be executed in any number of counterparts, each
of which shall be deemed an original as against any party whose signature appears thereon, and
all of which shall together constitute one and the same instrument.

Governing Law. This Amendment shall be construed and interpreted in accordance with the
laws of the Sate of Delaware, without regards to the principles of conflicts of law.

3

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 2 to the Incentive Stock
Option Agreement to be made, executed and delivered by their duly authorized officers as of the day
and year first above written.

	 	 	 	 	 
	 	NEUSTAR, INC.

 	 
	 	By:  	/s/ Jeffrey E. Ganek
 	 
	 	 	Name:  	Jeffrey E. Ganek 	 
	 	 	Title:  	Chairman and Chief Executive Officer 	 
	 
	 	OPTIONEE:

 	 
	 	Martin Lowen 	 
	 	 	 
	 	/s/ Martin Lowen
 	 
	 

4

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