Document:

exv4w7

 

     Exhibit 4.7

DIAMONDCLUSTER INTERNATIONAL, INC.

STOCK OPTION AGREEMENT

     WHEREAS, DiamondCluster International, Inc., a Delaware corporation (the
“Company”), has adopted the DiamondCluster International, Inc. 1998 Equity
Incentive Plan and the DiamondCluster International, Inc. 2000 Stock Option
Plan, as amended from time to time, and incorporated herein (each, the “Plan”),
which provides for, among other things, the grant of qualified and/or
nonqualified stock options to employees of the Company as selected by the
Committee to purchase shares of $.001 par value common stock of the Company;

     WHEREAS, the individual designated on the attached “Notice of Grant of
Stock Options” (the “Optionee”) has been selected by the Committee to receive
an Option in accordance with the provisions of the Plan indicated on the Notice
of Grant of Stock Options; and

     WHEREAS, the parties hereto desire to evidence in writing the terms and
conditions of the Option.

     NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants and agreements herein contained and as an inducement to the Optionee
to begin employment with the Company or to continue as an employee of the
Company, the parties hereto hereby agree as follows:

     1. Definitions.

     All capitalized terms used herein shall have the same meanings as are
ascribed to them in the Plan, unless expressly provided otherwise in this
Agreement.

    “Agreement” means this Stock Option Agreement.

    “Committee” means the Company’s Worldwide Operating Committee, as
constituted from time to time, or any other committee appointed by the
board of directors of the Company.

    “Date of Grant” means the date this Option is granted, as set forth
in the Notice of Grant.

    “Disability” means any medically determinable physical or mental
impairment which prevents the Optionee from engaging in any substantial
gainful activity and which can be expected to result in death or which has
lasted or can be expected to last for a continuous period of not less than
12 months. Disability shall be determined by the Committee based upon
medical reports and other evidence satisfactory to the Committee.

    “Employee” means an employee of the Company.

    “Exercise Price” means the purchase price of the Option Shares, as
set forth in the Notice of Grant.

    “Expiration Date” means the termination date of the Option, as set
forth in the Notice of Grant.

 

 

    “Fair Market Value” on date of grant means the average of the closing
price of a share of Class A common stock on the NASDAQ National Market
System for the ten trading days immediately preceding the Date of Grant.

    “Notice of Grant” means the “Notice of Grant of Stock Options”
attached hereto and incorporated herein by reference.

    “Option” means the option to purchase shares of Stock evidenced by
this Agreement and the Notice of Grant.

    “Option Shares” means the shares of Stock subject to the Option.

    “Partner” means the internal company designation for such position.

    “Partner Compensation Program” means the Diamond Technology Partners
Incorporated Partner Compensation Program effective April 5, 2002, as
amended from time to time.

    “Stock” means the $.001 per share par value Class A or Class B common
stock of the Company.

    “Vest Date” means the date upon which the Option becomes vested, as
set forth in the Notice of Grant.

    “VSRA” means that certain Second Amended and Restated Voting and
Stock Restriction Agreement dated as of the 4th day of August, 1997, among
the Company and the stockholders of the Company, as amended from time to
time.

     2. Grant of Option.

     The Committee hereby awards to the Optionee this Option to purchase all or
any part of the Option Shares at the Exercise Price, on the terms and
conditions set forth herein and subject in all respects to the
terms and provisions of the Plan and the Notice of Grant, which terms and
conditions are incorporated herein by reference.

     3. Restrictions on Transfer.

     This Option may not be transferred, assigned, pledged or hypothecated in
any way and will not be subject to execution, attachment or similar process,
except by will or under the laws of descent and distribution.

     4. Vesting of Option.

    (a) This Option is exercisable only upon and after the Vest Date.

2

 

    (b) The Optionee’s vesting rights herein are predicated upon the
Optionee’s continuous employment with the Company from the Date of Grant
to the Vest Date. Except as provided below, no portion of this Option
shall vest after the date the Optionee ceases to be an Employee for any
reason, and any unvested portion of this Option in such case shall be
canceled as of that date.

    (c) Notwithstanding anything to the contrary in this Agreement or the
Notice of Grant, if the Optionee dies or suffers a Disability prior to a
Vest Date, and the Optionee was an Employee at the time of such death or
Disability, or if the Optionee retires (i) at or after age 62 or (ii) at
or after age 50 and after accruing five years of service as a Partner of
the Company, the unvested portion of this Option shall automatically vest
on the date of such death, Disability or retirement.

     5. When Option May Be Exercised.

    (a) Except as otherwise provided in this section, the vested portion
of this Option shall be exercised, if at all, by the Optionee at any time
before the Expiration Date.

    (b) If the Optionee ceases to be an Employee because of death, the
Optionee’s vested Options shall be exercised, if at all, by the person or
entity (including the Optionee’s estate) that has obtained the Optionee’s
rights under the Option by will or under the laws of descent and
distribution, at any time before the Expiration Date.

    (c) If the Optionee ceases to be an Employee because of Disability,
the Optionee’s vested Options must be exercised, if at all, not later than
twelve months following the date the Optionee ceases to be an Employee.

    (d) If the Optionee ceases to be an Employee for any reason other
than death or Disability, the Optionee’s vested Options must be exercised,
if at all, not later than ninety (90) days following the date the Optionee
ceases to be an Employee. Any unvested portion of this Option terminates
immediately upon the cessation of employment of the Optionee.

    (e) The Committee shall have the discretion, exercisable at any time
before a sale, merger, consolidation, reorganization, liquidation or
change of control of the Company, as defined by the Committee, to provide
for the acceleration of vesting and for settlement, including cash
payment, of the Option upon or immediately before the effectiveness of
such event.

    (f) Notwithstanding anything else in this Agreement to the contrary,
in no event shall the Optionee exercise this Option until the Company,
pursuant to the terms of it’s Restated Certificate of Incorporation, has
authorized for issuance the shares issuable upon exercise of this Option.

     6. Exercise of Option.

    (a) During the Optionee’s lifetime, this Option shall be exercisable
only by the Optionee or his or her legal representative or guardian. In
the event of the Optionee’s death, this Option shall be exercisable by the
person or entity (including the Optionee’s estate) that has obtained the
Optionee’s rights under the Option by will or under the laws of descent
and distribution.

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    (b) This Option may be exercised by submitting to the Company: (1) a
Notice of Exercise in the form attached hereto as Exhibit A, (2) any other
applicable written representations, covenants, and other undertakings that
the Company may prescribe pursuant to the VSRA, the equity sales program
of the Partner Compensation Program, or any other source, or to satisfy
securities laws and regulations or other requirements, and (3) a personal,
certified or bank cashier’s check payable to the order of the Company in
an amount equal to the full purchase price of the Option Shares to be
purchased.

    (c) Notwithstanding the foregoing, if permitted by the Committee,
payment of such purchase price may be made in (i) previously owned whole
shares of Stock (for which the Optionee has good title, free and clear of
all liens and encumbrances), having a value determined by the closing
price of a share of Stock on the NASDAQ National Market System (the
“NASDAQ Price”) on the date of exercise, the total amount being equal to
the aggregate purchase price of the Option Shares to be purchased, (ii) by
authorizing the Company to retain whole shares having a value determined
by the NASDAQ Price on the date of exercise, the total amount being equal
to the aggregate purchase price of the Option Shares to be purchased,
which whole shares would otherwise be issuable upon exercise of the
Option, (iii) in cash by a broker-dealer to whom the Optionee has
submitted an irrevocable notice of exercise, or (iv) a combination of
cash, (i) and (ii).

    (d) Upon consent of the Committee, the Optionee may elect to defer
delivery of the Option Shares by notifying the Committee and acting in
accordance with rules and procedures established by the Committee. Prior
to delivery of the deferred Option Shares to the Optionee: (i) the Option
Shares may not be sold, assigned, transferred, pledged or otherwise
encumbered, other than by will or the laws of descent and distribution;
(ii) the Optionee shall have none of the rights of a shareholder with
respect to the Option Shares; and (iii) nothing contained in this
Agreement shall give any rights to the Optionee that are greater than
those of a general creditor of the Company.

     7. Modification of Option.

     At any time and from time to time the Committee may modify, extend or
renew this Option, provided that no such modification, extension or renewal
shall impair in any respect the benefit of the Option to the Optionee without
the consent of the Optionee.

     8. Stockholder Rights.

     The Optionee shall have none of the rights of a stockholder with respect
to the Option Shares until: (i) the transfer of such shares to the Optionee has
been duly recorded on the stock transfer books of the Company upon the exercise
of the Option; and (ii) the Optionee shall execute and deliver to the Company,
in the form prescribed by the Company, either a counterpart of the VSRA or an
agreement under which the Optionee adopts and agrees to be bound by the VSRA.
The certificates representing the Option Shares purchased shall bear the
legends provided in the VSRA, the Partner Compensation Program, and other
required legends.

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     9. Incentive Stock Option.

     If the Notice of Grant states that the Option is an incentive stock
option, this Option is intended to be and shall for all purposes be treated as
an incentive stock option under Section 422 of the Internal Revenue Code (the
“Code”). To the extent that the aggregate Fair Market Value (as of the Date of
Grant) of the Option Shares issuable under all Options (including this Option)
granted to an individual which are exercisable for the first time by such
individual during any calendar year exceeds $100,000, such Options shall be
treated as Options that are not “incentive stock options” under the Code.

     In the event that the Committee modifies the vesting of the Option or some
other action occurs which affects the tax-advantaged treatment of the Option,
negatively or positively, or the laws relating to the Option change, this
Option shall be treated as an incentive stock option, if so stated in the
Notice of Grant, to the maximum extent allowed by law.

     10. Other Documents.

     The Optionee acknowledges receipt of copies of the Plan, the VSRA and the
Partner Compensation Program, and agrees to all of the respective terms,
conditions, restrictions and limitations contained therein.

     11. Continued Employment.

     The granting of this option is neither a contract nor a guarantee of
continued employment; employment is and always will be on an at will basis.
The granting of this option is a one-time discretionary act and it does not
impose any obligations to offer future stock option grants or awards.

     12. Personal Data.

     In order to grant options to you, the Company may have had to and may
continue to process your personal data that it currently has on record and/or
data it may obtain from you in the future. Additionally, the Company may have
had to and may continue to transfer (electronically or otherwise) such personal
data to other DiamondCluster International, Inc. entities for processing in
connection with the granting of options. Such transfer of personal data may be
to other DiamondCluster International, Inc. entities outside of your country,
in particular to DiamondCluster International, Inc. in the United States, and
where necessary, may be further transferred to other DiamondCluster
International, Inc. subsidiaries or to outside service providers (such as
brokers). Your personal data will be treated as private and confidential and
will only be used to the extent necessary in relation to the option grant and
to comply with any applicable legal, regulatory, tax or accounting
requirements. In accordance with the requirements of data protection
legislation, your own personal data will be made available to you and in the
event such data are incorrect, you may ask for its rectification upon written
request. Employees wishing to exercise any such right of access and
rectification should contact the Human Resources department in Chicago.

     By signing this option agreement you are acknowledging receipt of this
notification and you are consenting to the processing and transfer of your
personal data as described above. If you withhold your consent to the transfer
and processing of your personal data, the Company will not be able to grant you
the options.

5

 

     13. Notices.

     All notices by one party to the other under this Agreement shall be in
writing. Any notice under this Agreement to the Committee or to the Company
shall be addressed to the Company at Suite 3000, 875 N. Michigan Avenue,
Chicago, Illinois 60611, and any notice to the Optionee shall be addressed to
the Optionee at the address listed on the Notice of Grant. If mailed by United
States mail, properly addressed and proper postage prepaid or if sent by
recognized overnight courier service, notice shall be effective on the date of
mailing or delivery to such courier. If served personally, notice shall be
effective as of the date of delivery to the address of the party to whom the
notice is addressed. If the effective date as provided above is not a business
day, the effective date shall be the next regular business day. Either party
may at any time notify the other in writing of a new address for service of
notice upon that party.

     14. Severability.

     If any provision of this Agreement for any reason should be found by any
arbitrator or court of competent jurisdiction to be invalid, illegal or
unenforceable, in whole or in part, such declaration shall not affect the
validity, legality, or enforceability of any remaining provision or portion
hereof, which remaining provision or portion shall remain in full force and
effect as if this Agreement had been adopted with the invalid, illegal or
unenforceable provision or portion eliminated.

     15. Agreed Forum.

     All acts required to be performed by the Optionee hereunder shall be
deemed to be performed in Chicago, Cook County, Illinois, and the Optionee
hereby submits to the jurisdiction of any state or Federal court located in
Chicago, Illinois and waives any and all objections to the jurisdiction of such
courts and the venue of any action brought therein.

     16. Arbitration.

     In the event of a dispute relating to this Stock Option Agreement, the
parties agree to attempt in good faith to resolve the dispute among themselves.
If this is unsuccessful, the parties shall attempt to mutually agree on an
alternative dispute resolution mechanism. If the parties cannot so agree on an
alternative dispute resolution mechanism, then the parties shall submit this
dispute to binding arbitration under the Commercial Rules of the American
Arbitration Association. The parties shall each bear one-half (1/2) of the
costs of the alternative dispute resolution mechanism.

     In the event arbitration is chosen, each party shall select an arbitrator
of its choice within 20 days of the giving or receipt of notice of arbitration.
The two, in turn, shall choose a third presiding arbitrator. If the two shall
be unable to agree upon the presiding arbitrators or if any party fails or
refuses to appoint an arbitrator, the appointing authority shall have the power
to make an appointment.

     The award of the arbitrators, which shall be in writing and furnished
within thirty days of the last day of the hearing, shall be final and binding
upon the parties and neither party shall appeal the award to any court.
Judgment for enforcement of the award of the arbitrators may be entered in any
court having jurisdiction thereof. The parties acknowledge that this provision
and any award rendered pursuant to it shall be governed by the federal Uniform
Arbitration Act.

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     17. Equitable Relief.

     The Company shall be entitled to enforce the terms and provisions of this
Agreement by an action for injunction or specific performance or an action for
damages or all of them, or may be made the subject of the arbitration
proceedings described in the preceding section.

     18. Applicable State Law.

     This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Illinois.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the                     day of                     , 200                   .

	 	 	 
	OPTIONEE:	 	
THE COMPANY:
	 	 	 
	 	 	 
	 	 	
DiamondCluster International, Inc.
	 	 	 
	 	 	
	

(Signature)	 	

Melvyn E. Bergstein

Chairman and Chief Executive Officer
	 	 	 
	 	 	 
	

(Print Name)	 	 

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EXHIBIT A

DIAMONDCLUSTER INTERNATIONAL, INC.

NOTICE OF EXERCISE

     Reference is made to the Notice of Grant having a Date of Grant of                      and the
Stock Option Agreement, both as accepted by                      (the “Optionee”). Capitalized terms
used herein and not otherwise defined have the meanings assigned to such terms
in the Stock Option Agreement.

The Optionee hereby irrevocably exercises the option for and purchases                     shares
of Stock.

The full purchase price for the shares of Stock being purchased hereunder,
calculated in accordance with the Notice of Grant and the Stock Option
Agreement, is $                   , and the Optionee is delivering to
DiamondCluster International, Inc. (the “Company”) simultaneously with the
delivery of this Notice of Exercise a personal, certified or bank cashier’s
check payable to the order of the Company in such amount.

The shares of Stock being purchased hereunder are being acquired for the
Optionee’s own account and not with a view to distribution thereof in violation
of applicable Federal or state securities laws.

The Optionee hereby agrees to be bound, with respect to the shares of Stock
being purchased hereunder, by the VSRA and the Partner Compensation Program,
including the equity sales program, and agrees to execute or adopt such VSRA in
the form as required by the Company, as a condition to receipt of the Stock.

The Optionee requests that certificates for the shares of Stock being purchased
hereunder be issued in the name of and delivered to the following person and
address:

	 	 	 	 	 
	Dated as of:	 	 	 	 

	 	

	 	 	

(Signature)
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	

(Name)

(to be executed only upon exercise of the Option)

8exv4w8

 

Exhibit 4.8

DIAMONDCLUSTER INTERNATIONAL, INC.

NON-QUALIFIED NON-EMPLOYEE STOCK OPTION AGREEMENT

	 	 
	 	Number of Shares of Stock

Subject to this Option: «SHARES»

     THIS AGREEMENT (the “Agreement”), effective as of «DATE_OF_GRANT», is
entered into by and between DiamondCluster International, Inc., a Delaware
corporation (the “Company”) and «FNAME» «MNAME» «LNAME» (the “Optionee”).

     WHEREAS, Optionee has been elected to serve as a director of the Company;
and,

     WHEREAS, the Company desires to grant Optionee non-qualified options to
purchase shares of $0.001 par value common stock of Company on the terms and
conditions contained in this Agreement; and,

     WHEREAS, the parties hereto desire to evidence in writing the terms and
conditions of the Option.

     NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants and agreements herein contained and other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby
acknowledged, the parties hereto hereby agree as follows:

     1. Definitions.

     All capitalized terms used herein shall have the meanings set forth in
this Section, unless expressly provided otherwise herein.

     (a) “Code” shall mean the Internal Revenue Code of 1986, as amended.

     (b) “Date of Grant” shall mean the date of this Option Agreement as
set forth above.

     (c) “Disability” shall mean any medically determinable physical or
mental impairment that, in the opinion of the Company, based upon medical
reports and other evidence satisfactory to the Company, can reasonably be
expected to prevent the Optionee from performing substantially all of his
or her customary duties as a Director for a continuous period of not less
than twelve (12) months.

     (d) “Director” shall mean a director of the Company.

     (e) “Option” shall mean the right to purchase Stock which has been
granted pursuant to this Agreement.

     (f) “Option Shares” shall mean the shares of Stock transferred
pursuant to the exercise of this Option.

     (g) “Stock” shall mean the $0.001 par value Common Stock of the
Company or, in the event that the Company becomes a wholly-owned
subsidiary of another corporation, the common stock of that entity.

 

 

     2. Grant of Option; Exercise Price.

     The Company hereby grants to the Optionee this Option to purchase all or
any part of the number of shares of Stock set forth above at the Exercise Price
of «PRICE» per share, on the terms and conditions set forth herein.

     3. Restrictions on Transfer.

     (a) This Option may not be transferred, assigned, pledged or
hypothecated in any way and will not be subject to execution, attachment
or similar process, except by will or under the laws of descent and
distribution or pursuant to a domestic relations order issued by a court
of competent jurisdiction and, in any event, will be subject to this
Agreement.

     (b) This Option will terminate immediately upon any attempted
transfer, assignment, pledge or hypothecation of this Option in violation
of this Section 3, and any attempted transfer, assignment, pledge or
hypothecation of any Option Shares in violation of this Section 3 will be
void without further action by the Company and have no effect.

     4. Vesting of Option.

     (a) This Option is exercisable only upon and after vesting. Except
as provided in this Section 4, this Option shall fully vest according to
the following schedule:

«VEST1» options will vest on «VESTDATE1»

«VEST2» options will vest on «VESTDATE2»

«VEST3» options will vest on «VESTDATE3»

«VEST4» options will vest on «VESTDATE4»

     The foregoing vesting schedule assumes the Optionee’s continuous service
as a Director through the vesting period. Except as provided below, no portion
of this Option shall vest after the date the Optionee ceases to be a Director
for any reason, and any unvested portion of this Option theretofore held by the
Optionee in such case shall be canceled as of that date. Notwithstanding the
foregoing, if the Optionee dies or suffers a Disability during the vesting
period described in this Section 4, and the Optionee was a Director at the time
of such death or Disability, the unvested portion of this Option shall
automatically vest on the date of death or Disability.

     (b) The Committee shall in the event of a sale, merger,
consolidation, reorganization, liquidation or change of control of the
Company, as defined by the Committee, provide for the acceleration of
vesting and for settlement, including cash payment, of the Option upon or
immediately before the effectiveness of such event.

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     5. When Option May Be Exercised.

     (a) Except as provided in subsections (b) and (c) of this Section 5,
the vested portion of this Option shall be exercised, if at all, by the
Optionee at any time before «EXPIRE».

     (b) If the Optionee ceases to be a Director for any reason, the
Optionee’s vested Options must be exercised, if at all, not later than 90
days following the date the Optionee ceases to be a Director. Any
unvested portion of this Option terminates immediately upon the cessation
of Optionee’s directorship.

     6. Exercise of Option.

     (a) During the Optionee’s lifetime, this Option shall be exercisable
only by the Optionee or his or her legal representative or guardian. This
Option shall not be exercisable by the spouse of the Optionee during the
Optionee’s lifetime, unless such spouse is acting in his or her capacity
as the legal representative or guardian of the Optionee. In the event of
the Optionee’s death, this Option shall be exercisable by the person or
entity (including the Optionee’s estate) that has obtained the Optionee’s
rights under the Option by will or under the laws of descent and
distribution.

     (b) This Option may be exercised by submitting to the Company (a) a
Notice of Exercise in the form attached hereto as Exhibit A; (b) any
written representations, covenants, and other undertakings that the
Company may prescribe to satisfy securities laws and regulations or other
requirements; and (c) a certified or bank cashier’s check payable to the
order of the Company in an amount equal to the full purchase price (the
number of Option Shares multiplied by the Exercise Price) of the shares to
be purchased.

     7. Securities Law Restrictions.

     The Company shall not be obligated to issue any stock certificates
evidencing a transfer upon exercise of this Option, until, in the opinion of
the Company and its counsel, such transfer and issuance of stock certificates
will not involve any violation of applicable federal and state securities laws,
the rules and regulations promulgated thereunder, and the requirements of the
stock exchange upon which the Stock is listed.

     8. Withholding of Taxes.

     The Company, by itself or through a subsidiary, as applicable, shall make
such provisions and take such steps as either may deem necessary or appropriate
for the withholding of any taxes which any of them is required by any law or
regulation by any governmental authority, whether federal, state or local,
domestic or foreign, to withhold in connection with this Option, including, but
not limited to, the withholding of the issuance of all or any portion of the
Option Shares subject to this Option until the holder of this Option reimburses
the Company or its subsidiary, as the case may be, for the amount required to
be withheld with respect to such taxes, canceling any portion of the issuance
of the Option Shares subject to this Option in an amount sufficient to
reimburse the Company or its subsidiary, as the case may be, for such amount,
deducting from the Optionee’s compensation an amount sufficient to reimburse
the Company or its subsidiary, as the case may be, for such amount, or taking
any other action reasonably required to satisfy any withholding obligations.

3

 

     9. Stockholder Rights.

     The Optionee shall have none of the rights of a stockholder with respect
to the Option Shares subject to the Option until satisfaction of all conditions
to exercise as provided herein and until the transfer of such shares to the
Optionee has been duly recorded on the stock transfer books of the Company upon
the exercise of the Option.

     10. Dilution.

     The number of shares subject to this Option shall be adjusted as follows:
(i) in the event that the number of shares of outstanding Stock is changed by
reason of a stock dividend, stock split, recapitalization or combination of
shares, the number of shares of Stock subject to this Option shall be
proportionately adjusted; or (ii) in the event of any merger, consolidation or
reorganization of the Company with any other corporation or corporations
pursuant to which the holders of shares of Stock surrender shares of Stock in
exchange for other shares of stock or securities, there shall be substituted
for each share of Stock then subject to this Option, the number and kind of
shares of stock or other securities which the holders of shares of Stock are
entitled to receive for each share of Stock surrendered pursuant to the
transaction and the Exercise Price shall be proportionately adjusted.
Otherwise, the Optionee acknowledges that upon the issuance of shares to any
person or entity, the Optionee will suffer a corresponding dilution of the
Optionee’s interest in the Stock.

     11. Continued Directorship Not Presumed.

     Nothing in this Agreement shall give the Optionee the right to continue in
his or her directorship with the Company or affect the right of the Company to
terminate the directorship of the Optionee, with or without cause, at any time.

     12. Non-Qualified Stock Option.

     This Option does not qualify as an “incentive stock option” under the
Code.

     13. Personal Data.

     In order to grant options to you, the Company may have had to and may
continue to process your personal data that it currently has on record and/or
data it may obtain from you in the future. Additionally, the Company may have
had to and may continue to transfer (electronically or otherwise) such personal
data to other DiamondCluster International, Inc. entities for processing in
connection with the granting of options. Such transfer of personal data may be
to other DiamondCluster International, Inc. entities outside of your country,
in particular to DiamondCluster International, Inc. in the United States, and
where necessary, may be further transferred to other DiamondCluster
International, Inc. subsidiaries or to outside service providers (such as
brokers). Your personal data will be treated as private and confidential and
will only be used to the extent necessary in relation to the option grant and
to comply with any applicable legal, regulatory, tax or accounting
requirements.

     By signing this option agreement you are acknowledging receipt of this
notification and you are consenting to the processing and transfer of your
personal data as described above. If you withhold your consent to the transfer
and processing of your personal data, the Company will not be able to grant you
the options.

4

 

     14. Notices.

     All notices by one party to the other under this Agreement shall be in
writing. Any notice under this Agreement to the Company shall be addressed to
the Company at Suite 3000, 875 N. Michigan Avenue, Chicago, Illinois 60611, and
any notice to the Optionee shall be addressed to the Optionee at the address
listed beneath the Optionee’s signature hereto. If mailed by United States
mail, properly addressed and proper postage prepaid or if sent by recognized
overnight courier service, notice shall be effective on the date of mailing or
delivery to such courier. If served personally, notice shall be effective as
of the date of delivery to the address of the party to whom the notice is
addressed. If the effective date as provided above is not a business day, the
effective date shall be the next regular business day. Either party may at any
time notify the other in writing of a new address for service of notice upon
that party.

     15. Severability.

     If any provision of this Agreement for any reason should be found by any
arbitrator or court of competent jurisdiction to be invalid, illegal or
unenforceable, in whole or in part, such declaration shall not affect the
validity, legality, or enforceability of any remaining provision or portion
hereof, which remaining provision or portion shall remain in full force and
effect as if this Agreement had been adopted with the invalid, illegal or
unenforceable provision or portion eliminated.

     16. Headings.

     The headings and captions utilized in this Agreement shall not be
construed to limit or modify the terms or meaning of this Agreement.

     17. Agreed Forum.

     All acts required to be performed by the Optionee hereunder shall be
deemed to be performed in Chicago, Cook County, Illinois, and the Optionee
hereby submits to the jurisdiction of any state or Federal court located in
Chicago, Illinois and waives any and all objections to the jurisdiction of such
counts and the venue of any action brought therein.

     18. Arbitration.

     At the election of the Company, any dispute arising under this Agreement
will be settled by final and binding arbitration conducted in accordance with
and subject to the Commercial Arbitration Rules of the American Arbitration
Association. To the extent permitted or required by law, judgment upon the
decision rendered in any such arbitration may be entered in any court having
jurisdiction thereof, or application may be made to such court for a judicial
acceptance of the decision and enforcement thereof.

     19. Equitable Relief.

     The Company shall be entitled to enforce the terms and provisions of this
Agreement by an action for injunction or specific performance or an action for
damages or all of them, or may be made the subject of the arbitration
proceedings described in the preceding section.

5

 

     20. Applicable State Law.

     This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Illinois.

     21. Successors and Assigns.

     Subject to the limitations of the transferability of this Option, this
Agreement shall be binding upon and inure to the benefit of the heirs, legal
representatives, successors and assigns of the parties hereto.

     IN WITNESS WHEREOF, the parties hereto have executed this Non-Qualified
Non-Employee Stock Option Agreement as of the day and year first above written.

	 	 	 	 	 	 	 	 	 	 	 
	OPTIONEE:	 	 	THE COMPANY:
	 	 	 	 	DiamondCluster International, Inc.
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 		 
	

	 	 	 	
	 	 	 	 
	Name:	
«FNAME» «MNAME» «LNAME»

	 	Name:

Title:
	 	Melvyn E. Bergstein

Chairman and Chief Executive Officer	 	 	 	 
	ADDRESS:	 	 	 	 	 	 	 	 	 

«ADDRESS1»

«CITY», «STATE» «ZIP»

6

 

EXHIBIT A

TO

DIAMONDCLUSTER INTERNATIONAL, INC.

NON-QUALIFIED NON-EMPLOYEE STOCK OPTION AGREEMENT

NOTICE OF EXERCISE

(to be executed only upon exercise of the Option)

     Reference is made to the DiamondCluster International, Inc. Non-Qualified
Non-Employee Stock Option Agreement, dated as of                                      ,
200    (the “Option Agreement”), between DiamondCluster International, Inc., a
Delaware corporation (the “Company”) and                                      
(the “Optionee”). Capitalized terms used herein and not otherwise defined have
the meanings assigned to such terms in the Option Agreement.

     1. The Optionee hereby irrevocably exercises the option for and purchases
                             shares of Stock.

     2. The full purchase price for the shares of Stock being purchased
hereunder, calculated in accordance with the Option Agreement, is
$                 , and the Optionee is delivering to the Company simultaneously
with the delivery of this Notice of Exercise a certified or bank cashier’s
check payable to the order of the Company in such amount.

     3. The shares of Stock being purchased hereunder are being acquired for
the Optionee’s own account and not with a view to distribution thereof in
violation of applicable federal or state securities laws.

     4. The Optionee requests that certificates for the shares of Stock being
purchased hereunder be issued in the name of and delivered to the Optionee at
the following address:

	 	 	 	 	 	 
	 	 	 	 	
	 
	 	 	 	 	
	 
	 	 	 	 	
	 
	 	 	 	 	
	 
	Dated as of	 	 	 
	 	 	

	 	 	 
	 	 	 	 	 	 
	

(Signature)	 	 	 
	 	 	 	 	 	 
	

(Name)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]