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Exhibit 10.3  

 
 

US SEARCH.COM INC.
  
    FORM OF REGISTRATION RIGHTS AGREEMENT    
  

        THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement ") is entered
into as of January 18, 2002, by and among US SEARCH.COM INC., a Delaware corporation (the
"Company "), and the Purchasers listed on the signature pages hereto (the "Purchasers "). 

Recitals  

        WHEREAS, the Purchasers are, pursuant to the terms of the Purchase Agreement, dated as of January 18, 2002
(the "Purchase Agreement "), by and among the Company and the Purchasers, agreeing to purchase $4,651,480 aggregate principal amount of 8% Convertible
Subordinated Promissory Notes due January 17, 2003 (the "Notes ") and Warrants (the "Warrants ")
to purchase an aggregate of up to 1,782,176 shares of common stock, par value $.001 per share (the "Common Stock "), of the Company. 

        WHEREAS, the obligations in the Purchase Agreement are conditioned upon the execution and delivery of this Agreement; and 

        WHEREAS, in connection with the consummation of the Purchase Agreement, the parties desire to enter into this Agreement in order to grant
registration and other rights to the Purchasers as set forth below. 

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

SECTION 1.    General.  

        1.1  Definitions. As used in this Agreement the following terms shall have the following respective meanings: 

        "Affiliates "shall have the meaning set forth in the Purchase Agreement. 

        "Closing Date "shall have the meaning set forth in the Purchase Agreement. 

        "Commission "shall mean the Securities and Exchange Commission. 

        "Effective Period "shall have the meaning set for in Section 2.2(a) hereof. 

        "Exchange Act "shall mean the Securities Exchange Act of 1934, as amended. 

        "Form S-3 "shall mean such form under the Securities Act as in effect on the date hereof or any successor or similar
registration form under the Securities Act subsequently adopted by the Commission which permits inclusion or incorporation of substantial information by reference to other documents filed by the
Company with the Commission. 

        "Holder "shall mean any Purchaser owning of record Registrable Securities or any assignee of record of such Registrable Securities in
accordance with Section 3.3 hereof. A person who holds any security, upon the exercise of which or conversion of which such person shall be entitled to receive a Registrable Security shall for
all purposes of this Agreement be deemed to be the Holder of such Registrable Securities. 

        "Majority Holders "shall have the meaning set forth in Section 2.6 hereof. 

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        "Person "shall have the meaning set forth in the Purchase Agreement. 

        "Registrable Securities "shall mean (a) shares of Common Stock or any other security issued or issuable upon conversion of the
Notes or Warrants; (b) any security issued or issuable with respect to any Registrable Securities as a result of a change or reclassification of Registrable Securities or any capital
reorganization of the Company; or (c) any security issued or issuable to a Holder in respect of Registrable Securities as a result of a merger or consolidation of the Company. Notwithstanding
the foregoing, Registrable Securities shall not include any securities sold by a person to the public either pursuant to a Registration Statement, that may be sold pursuant to Rule 144 under
the Securities Act or that have been sold in a private transaction in which the transferor's rights under Section 2 of this Agreement are not assigned. 

        "Registration "shall have the meaning set forth in Section 2.2(a) hereof. 

        "Registration Expenses "shall mean all expenses incurred in complying with Section 2.2 and 2.3 hereof, including, without
limitation, all registration and filing fees, printing expenses, fees and disbursements of counsel for the Company, reasonable fees and disbursements of a single special counsel for the Holders, blue
sky fees and expenses and the expense of any special audits incident to or required by any such Registration. 

        "Registration Period "shall have the meaning set forth in Section 2.2(b) hereof. 

        "Registration Statement "shall have the meaning set forth in Section 2.2(a) hereof. 

        "Securities Act "shall mean the Securities Act of 1933, as amended. 

        "Selling Expenses "shall mean all underwriting discounts and selling commissions applicable to the sale. 

        "Violation "shall have the meaning set forth in Section 2.5(a) hereof. 

SECTION 2.    REGISTRATION; RESTRICTIONS ON TRANSFER.  

        2.1  Restrictions on Transfer. Subject to the provisions set forth in Section 3 hereof, 

        (a)  Each
Holder agrees not to make any disposition of all or any portion of the Registrable Securities unless and until: 

        (i)    the
Registration Statement is then in effect and such disposition is made in accordance with such Registration Statement; or 

        (ii)  such
Holder sells such Registrable Securities in compliance with Rule 144 under the Securities Act; or 

        (iii)  (A)
such Holder shall have notified the Company in writing of the proposed disposition and shall have furnished the Company with a detailed statement of the
circumstances surrounding the proposed disposition, and (B) if reasonably requested by the Company, such Holder shall have furnished the Company with an opinion of counsel, reasonably
satisfactory to the Company, that such disposition will not require registration of such shares under the Securities Act. It is agreed that the Company will not require opinions of counsel for
transactions made pursuant to Rule 144 under the Securities Act. 

Notwithstanding
the provisions of clauses (i), (ii) and (iii) above, no such Registration Statement or opinion of counsel shall be necessary for a transfer by a Holder which is
(A) a partnership to its partners or former partners in accordance with partnership interests or to its Affiliates, (B) a corporation to its shareholders in accordance with their
interest in the corporation, (C) a limited liability company to its members or former members in accordance with their interest in the limited liability company, or (D) a Holder to
another Holder; 

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 provided that in each case the transferee will be subject to the terms of this Agreement to the same extent as if such transferee were an original Holder hereunder. 

        (b)  Each
certificate representing Registrable Securities held by the Holders shall (unless otherwise permitted by the provisions of the Agreement) (a) be stamped or
otherwise imprinted with a legend
substantially similar to the following (in addition to any legend required under applicable state securities laws): 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (THE "ACT") OR UNDER ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD OR OTHERWISE
TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE ACT OR UNLESS THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND ITS COUNSEL THAT SUCH
REGISTRATION IS NOT REQUIRED. 

and
(b) so long as such Registrable Securities held by such Holder are subject to the terms of this Agreement, bear a legend reading substantially as follows. 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE (AND ALL TRANSFERS THEREOF) ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER SET FORTH IN THE REGISTRATION RIGHTS AGREEMENT, DATED AS OF JANUARY 18,
2002, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY. NO TRANSFER OF SUCH SHARES WILL BE MADE ON THE BOOKS OF THE COMPANY UNLESS ACCOMPANIED BY EVIDENCE OF COMPLIANCE WITH THE TERMS
OF SUCH AGREEMENT AND BY AN AGREEMENT OF THE TRANSFEREE TO BE BOUND BY THE RESTRICTIONS SET FORTH THEREIN. ANY ATTEMPTED TRANSFER OF THESE SHARES IN VIOLATION OF SUCH REGISTRATION RIGHTS AGREEMENT
SHALL BE NULL AND VOID AND HAVE NO FORCE OR EFFECT. 

        (c)  The
Company shall be obligated to reissue promptly unlegended certificates at the request of any holder thereof if the holder shall have obtained an opinion of counsel
(which counsel may be counsel to the Company) reasonably acceptable to the Company to the effect that the securities proposed to be disposed of may lawfully be so disposed of without registration,
qualification or legend, or if the securities are to be sold pursuant to a Registration Statement or Rule 144 under the Securities Act. The Company shall be obligated to reissue promptly, in
the name of a transferee of securities referred to in the last sentence of Section 2.1(a) hereof, legended certificates at the request of any transferor or transferee thereof. 

        (d)  Any
legend endorsed on an instrument pursuant to applicable state securities laws and the stop-transfer instructions with respect to such securities shall be
removed upon receipt by the Company of an order of the appropriate blue sky authority authorizing such removal. 

        2.2  Registration.

        (a)  The
Company shall, as promptly as practicable (but in no event more than 60 days after the Closing Date), file with the Commission a registration statement (the
"Registration Statement "), on an appropriate form under the Securities Act relating to the offer and sale of the Registrable Securities by the Holders
thereof in accordance with the methods of distribution set forth in the Registration Statement (hereinafter, the "Registration "), and thereafter shall
use its best efforts to cause the Registration Statement to be declared effective within 120 days after the Closing Date; provided,  however, that no
Holder shall be entitled to have the Registrable Securities held by it included in such Registration Statement unless such Holder
agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder; provided, further that if prior to the Registration Statement being declared effective, the Company
shall furnish to each 

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Holder a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board of Directors of the Company, it would be seriously detrimental to the Company and its
shareholders for such Registration Statement to be effected at such time, the Company shall have the right to defer such filing or effectiveness for a period of not more than 90 days from the
date of such certificate, provided that the Company shall not exercise this right more than once. If the Registration Statement has not been declared effective within 120 days after the Closing
Date (the "Effective Period "), at the conclusion of each 30-day period following the Effective Period, the Company shall issue to each
Person that is the owner of record of Warrants at the end of such 30-day period, additional Warrants, in the form attached as Exhibit A hereto, to purchase a number of shares of
Common Stock equal to 1.5% of the number of shares of Common Stock issuable to such Person pursuant to the Warrants held by such Person at the end of such 30-day period multiplied by a
ratio, the numerator of which is the number of days during such period that the Registration Statement was not effective and the denominator of which is 30;  provided, however, that (i) the Company's obligation to issue such warrants shall cease at the
time the Registration Statement is declared effective. 

        (b)  The
Company shall use its commercially reasonable efforts to keep the Registration Statement continuously effective in order to permit the prospectus included therein to
be lawfully delivered by the Holders of the Registrable Securities, for a period of 180 days from the date of its effectiveness or such shorter period that will terminate when all the shares of
Common Stock covered by the Registration Statement (i) have been sold pursuant thereto or (ii) are no longer restricted securities (as defined in Rule 144 under the Securities
Act, or any successor rule thereof) or may be sold without registration in accordance with Rule 144(k) under the Securities Act (in each case, such period being called the
"Registration Period "). The Company shall be deemed not to have used its commercially reasonable efforts to keep the Registration Statement effective
during the requisite period if it voluntarily takes any action that would result in Holders of Registrable Securities covered thereby not being able to offer and sell such Registrable Securities
during that period, unless such action is required by applicable law; provided, however, that the
Company shall have the right to voluntarily take such action and temporarily suspend effectiveness and not be obligated to effect such qualification or compliance required (i) if the Company
gives notice to each Holder of the Company's intention to make a public offering of Common Stock within 90 days, other than pursuant to a Registration Statement as required hereto,
(ii) if there is a possible merger, acquisition or business combination or other similar transaction involving the Company, or (iii) in any particular jurisdiction in which the Company
would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 

        (c)  Notwithstanding
any other provisions of this Agreement to the contrary, the Company shall cause the Registration Statement and the related prospectus and any amendment
or supplement thereto, as
of the effective date of such Registration Statement, amendment or supplement, (i) to comply in all material respects with the applicable requirements of the Securities Act, the Exchange Act
and the rules and regulations of the Commission thereunder and (ii) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading. 

        2.3  Registration Procedures. In connection with any Registration contemplated by Section 2.2 hereof: 

        (a)  The
Company shall use its best efforts to prevent the issuance, and if issued to obtain the withdrawal at the earliest possible time, of any order suspending the
effectiveness of the Registration Statement. 

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        (b)  The
Company shall furnish to each Holder of Registrable Securities included within the coverage of the Registration, without charge, at least one copy of the
Registration Statement and any post-effective amendment thereto, including financial statements and schedules, and, if the Holder so reasonably requests in writing, all exhibits thereto
(including those, if any, incorporated by reference). 

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

        (d)  The
Company shall cooperate with the Holders of the Registrable Securities to facilitate the timely preparation and delivery of certificates representing the Registrable
Securities to be sold pursuant to any Registration Statement free of any restrictive legends and in such denominations and registered in such names as the Holders may request in connection with the
sale of Securities pursuant to such Registration Statement. 

        (e)  The
Company shall not later than the effective date of the applicable Registration Statement, provide CUSIP numbers for the Registrable Securities registered thereunder
and provide the applicable trustee with a printed certificate for the Registrable Securities in a form eligible for deposit with The Depository Trust Company. 

        (f)    The
Company shall comply with all rules and regulations of the Commission to the extent and so long as they are applicable to the Registration and will make generally
available to its security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earnings statement
satisfying the provisions of Section 11(a) of the Securities Act, no later than 45 days after the end of a 12-month period (or 90 days, if such period is a fiscal
year) beginning with the first month of the Company's first fiscal quarter commencing after the effective date of the Registration Statement, which statement shall cover such 12-month
period. 

        (g)  The
Company may require each Holder of Registrable Securities to be sold pursuant to the Registration Statement to furnish to the Company such information regarding the
Holder and the distribution of the Registrable Securities as the Company may from time to time reasonably require for inclusion in the Registration Statement, pursuant to applicable law and
regulations, and the Company may exclude from such registration the Securities of any Holder that unreasonably fails to furnish such information within a reasonable time after receiving such request. 

        (h)  The
Company shall use its reasonable efforts to register and qualify the securities covered by such Registration Statement under such other securities or Blue Sky laws
of such jurisdictions as shall be reasonably requested by the Holders; provided that the Company shall not be required in connection therewith or as a
condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions. 

        (i)    In
the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the managing
underwriter(s) of such offering but in no event shall any indemnity and/or contribution provisions therein provide that the indemnity and/or contribution of the Holders of Registrable Securities
exceed the net proceeds from the offering received by such Holders. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 

        (j)    The
Company shall notify each Holder of Registrable Securities covered by such Registration Statement at any time when a prospectus relating thereto is required to be
delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such Registration Statement, as then in effect, includes an untrue statement of a
material fact or omits to state a material fact required to be stated therein or necessary to make 

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the statements therein not misleading in the light of the circumstances then existing. The Company will use reasonable efforts to amend or supplement such prospectus in order to cause such prospectus
not to include any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances then existing. 

        (k)  Upon
the occurrence of any event contemplated by Section 2.3(j) hereof during the period for which the Company is required to maintain an effective Registration
Statement, the Company shall promptly prepare and file a post-effective amendment to the Registration Statement or a supplement to the related prospectus and any other required
document so that, as thereafter delivered to Holders of the Registrable Securities or purchasers of Registrable Securities, the prospectus will not contain an untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not
misleading. If the Company notifies the Holders of the Registrable Securities in accordance with Section 2.3(j) hereof to suspend the use of the prospectus until the requisite changes to the
prospectus have been made, then the Holders of the Registrable Securities shall suspend use of such prospectus, and the period of effectiveness of the Registration Statement provided for in
Section 2.2(b) hereof shall be extended by the number of days from and including the date of the giving of such notice to and including the date when the Holders of the Registrable Securities
shall have received such amended or supplemented prospectus pursuant to this Section 2.3. 

        (l)    The
Company shall use its commercially reasonable efforts to furnish, on the date that such Registrable Securities are delivered to the underwriters for sale, if such
securities are being sold through underwriters, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance as is
customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and (ii) a letter dated as of such date, from the independent certified public
accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering addressed to the underwriters. 

        2.4  Registration Expenses. All Registration Expenses incurred in connection with any registration, qualification or
compliance pursuant to Section 2.2 and 2.3 hereof, except underwriters' commissions and discounts, shall be borne by the Company. All Selling Expenses incurred in connection with any
registrations hereunder, shall be borne by the holders of the securities so registered pro rata on the basis of the number of shares so registered. 

        2.5  Indemnification.

        (a)  To
the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, officers and directors of each Holder, any underwriter (as
defined in the Securities Act) for such Holder and each Person, if any, who controls such Holder or underwriter within the meaning of the Securities Act or the Exchange Act, against any losses,
claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a
"Violation ") by the Company: (i) any untrue statement or alleged untrue statement of a material fact contained in such Registration Statement,
including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission or alleged omission to state therein a material fact
required to be stated therein, or necessary to make the statements therein not misleading, or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act,
any state securities law or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state 

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securities law in connection with the offering covered by such Registration Statement; and the Company will pay as incurred to each such Holder, partner, officer, director, underwriter or controlling
person for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss, claim, damage, liability or action; provided
however, that the indemnity agreement contained in this Section 2.5(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action
if such settlement is effected without the consent of the Company, which consent shall not be unreasonably withheld or delayed, nor shall the Company be liable in any such case for any such loss,
claim, damage, liability or action to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished by such Holder
under an instrument duly executed by such Holder and stated to be specifically for use in connection with such registration by such Holder, partner, officer, director, underwriter or controlling
person of such Holder. 

        (b)  To
the extent permitted by law, each Holder will, if Registrable Securities held by such Holder are included in the securities as to which such registration
qualifications or compliance is being effected, indemnify and hold harmless the Company, each of its directors, its officers and each Person, if any, who controls the Company within the meaning of the
Securities Act, against any losses, claims, damages or liabilities (joint or several) to which the Company or any such director, officer or controlling person may become subject under the Securities
Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case
to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information furnished by such Holder under an instrument duly executed by such Holder
and stated to be specifically for use in connection with such registration; and each such Holder will pay as incurred any legal or other expenses reasonably incurred by the Company or any such
director, officer or controlling person in connection with investigating or defending any such loss, claim, damage, liability or action if it is judicially determined that there was such a Violation;  provided, however,
 that the indemnity agreement contained in this Section 2.5(b) shall not apply to amounts paid in settlement of any such loss,
claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld or delayed; provided
further, that in no event shall any indemnity and contribution under this Section 2.5 exceed in the aggregate the net proceeds from the offering received by such Holder. 

        (c)  Promptly
after receipt by an indemnified party under this Section 2.5 of notice of the commencement of any action (including any governmental action), such
indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.5, deliver to the indemnifying party a written notice of the commencement
thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume
the defense thereof with counsel mutually satisfactory to the parties; provided, however, that an indemnified party shall have the right to retain its
own counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due
to actual or potential differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying
party within a reasonable time of the commencement of any such action, if and to the extent materially prejudicial to its ability to defend such action, shall relieve such indemnifying party of any
liability to the indemnified party under this Section 2.5, but the omission so to deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any
indemnified party otherwise than under this Section 2.5. 

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        (d)  If
the indemnification provided for in this Section 2.5 is held by a court of competent jurisdiction to be unavailable to an indemnified party with respect to any
losses, claims, damages or liabilities referred to herein, the indemnifying party, in lieu of indemnifying such indemnified party thereunder, shall to the extent permitted by applicable law contribute
to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect the relative fault of the indemnifying
party on the one hand and of the indemnified party on the other in connection with the Violation(s) that resulted in such loss, claim, damage or liability, as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties' relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, that in no event shall any indemnification
and contribution by a Holder under this Section 2.5 exceed in the aggregate the net proceeds from the offering received by such Holder. 

        (e)  The
obligations of the Company and Holders under this Section 2.5 shall survive completion of any offering of Registrable Securities in a Registration Statement
and the termination of this agreement. No indemnifying party, in the defense of any such claim or litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment
or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to
such claim or litigation. 

        2.6  Amendment of Registration Rights. Any provision of this Section 2 may be amended and the observance thereof may be
waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the Holders holding at least a majority of the
Registrable Securities then outstanding (the "Majority Holders "). Any amendment or waiver effected in accordance with this Section 2.6 shall be
binding upon each Holder and the Company. By acceptance of any benefits under this Section 2.6, Holders of Registrable Securities hereby agree to be bound by the provisions hereunder. 

        2.7  "Market Stand-Off" Agreement; Agreement to Furnish Information. Each Holder hereby agrees that such Holder
shall not publicly sell, publicly transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a public
sale, any Common Stock (or other securities) of the Company held by such Holder (other than those included in the registration) for a period specified by the representative of the underwriters of
Common Stock (or other securities) of the Company not to exceed 90 days following the effective date of a registration statement of the Company filed under the Securities Act;  provided that all
officers and directors of the Company and holders of at least 1% of the Company's voting securities and all other Persons with
registration rights (whether or not pursuant to this Agreement) are bound by and enter into similar agreements and no such agreement is waived. 

        Each
Holder agrees to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriter which are consistent with the foregoing or which are
necessary to give further effect thereto. In addition, if requested by the Company or the representative of the
underwriters of Common Stock (or other securities) of the Company, each Holder shall provide, within ten days of such request, such information as may be required by the Company or such representative
in connection with the completion of any public offering of the Company's securities pursuant to a Registration Statement filed under the Securities Act. The obligations described in this
Section 2.7 shall not apply to a registration relating solely to employee benefit plans on Form S-1 or Form S-8 or similar forms that may be promulgated in
the future, or a registration relating solely to a Rule 145 transaction under the Securities Act on Form S-4 or similar forms that may be promulgated in the future. Each 

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Holder agrees that any transferee of any shares of Registrable Securities shall be bound by this Section 2.7. 

        2.8  Restrictions on Public Sale by the Company and Others. The Company agrees not to make any public sale or distribution of
its equity securities, or any securities convertible into or exchangeable or exercisable for its equity securities, including a sale under Regulation D under the Securities Act or under any
other exemption of the Securities Act (except as part of the underwritten registration referred to herein or pursuant to registration on Forms S-8 or S-4 or any successor
form), during the seven days prior to and the 90 days after the effective date of any Registration Statement. The Company also agrees to use reasonable efforts to cause each holder of at least
1% (on a fully-diluted basis) of its equity securities (other than Registrable Securities) or any securities convertible into or exchangeable or exerciseable for its equity securities (other than
Registrable Securities), purchased from the Company at any time on or after the date of this Agreement (other than in a registered public offering), to agree not to make any public sale or
distribution of those securities, including a sale pursuant to Rule 144 under the Securities Act (except as part of the underwritten registration, if permitted), during the seven days prior to
and the 180 days after the effective date of the registration unless the managing underwriter(s) agrees otherwise. 

        2.9  Rule 144 Reporting. With a view to making available to the Holders the benefits of certain rules and regulations
of the Commission which may permit the sale of the Registrable Securities to the public without registration, the Company agrees to use its best efforts to: 

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

        (b)  File
with the Commission, in a timely manner, all reports and other documents required of the Company under the Exchange Act; and 

        (c)  So
long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon reasonable request: a written statement by the Company as to its compliance
with the reporting requirements of Rule 144 under the Securities Act, and of the Exchange Act (at any time after it has become subject to such reporting requirements); a copy of the most recent
annual or quarterly report
of the Company; and such other reports and documents as a Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing it to sell any such securities without
registration. 

        2.10 S-3 Eligibility. The Company shall use its best efforts to maintain its eligibility to use
Form S-3 under the Securities Act. 

SECTION 3. MISCELLANEOUS.  

        3.1  Governing Law. This Agreement shall be governed by, construed and interpreted in accordance with the laws of the State of
New York, without giving effect to principles of conflicts of law. 

        3.2  Survival. The representations, warranties, covenants, and agreements made herein shall survive any investigation made by
any Holder and the closing of the transactions contemplated hereby. All statements as to factual matters contained in any certificate or other instrument delivered by or on behalf of the Company
pursuant hereto in connection with the transactions contemplated hereby shall be deemed to be representations and warranties by the Company hereunder solely as of the date of such certificate or
instrument. 

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        3.3  Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit
of, and be binding upon, the successors, assigns, heirs, executors, and administrators of the parties hereto and shall inure to the benefit of and be enforceable by each Person who shall be a holder
of Registrable Securities from time to time; provided, however, that prior to the receipt by the Company
of adequate written notice of the transfer of any Registrable Securities specifying the full name and address of the transferee, the Company may deem and treat the Person listed as the holder of such
shares in its records as the absolute owner and holder of such shares for all purposes, including the payment of dividends or any redemption price. 

        3.4  Entire Agreement. This Agreement, the Purchase Agreement and the other documents delivered pursuant thereto constitute
the full and entire understanding and agreement between the parties with regard to the subjects hereof and no party shall be liable or bound to any other in any manner by any representations,
warranties, covenants and agreements except as specifically set forth herein and therein. 

        3.5  Severability. In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid,
illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such
invalid, illegal or unenforceable provision had never been contained herein. 

        3.6  Amendment and Waiver.

        (a)  Except
as otherwise expressly provided, this Agreement may be amended or modified only upon the written consent of the Company and the Majority Holders. 

        (b)  Except
as otherwise expressly provided, the obligations of the Company and the rights of the Holders under this Agreement may be waived only with the written consent of
the Majority Holders. 

        (c)  For
the purposes of determining the number of Holders entitled to vote or exercise any rights hereunder, the Company shall be entitled to rely solely on the list of
record holders of its stock as maintained by or on behalf of the Company. 

        3.7  Delays or Omissions. It is agreed that no delay or omission to exercise any right, power, or remedy accruing to any
Holder, upon any breach, default or noncompliance of the Company under this Agreement shall impair any such right, power, or remedy, nor shall it be construed to be a waiver of any such breach,
default or noncompliance, or any acquiescence therein, or of any similar breach, default or noncompliance thereafter occurring. It is further agreed that any waiver, permit, consent, or approval of
any kind or character on any Holder's part of any breach, default or noncompliance under the Agreement or any waiver on such Holder's part of any provisions or conditions of this Agreement must be in
writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement, by law, or otherwise afforded to Holders, shall be cumulative and
not alternative. 

        3.8  Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours of the recipient; if not, then on the
next business day, (c) five days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one day after deposit with a nationally
recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the party to be notified at the address as set forth on the
signature pages hereof or at such other address as such party may designate by ten days advance written notice to the other parties hereto. 

        3.9  Attorneys' Fees. In the event that any suit or action is instituted to enforce any provision in this Agreement, the
prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this 

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Agreement, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 

        3.10 Titles and Subtitles. The titles of the sections and subsections of this Agreement are for convenience of reference only
and are not to be considered in construing this Agreement. 

        3.11 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be an original, but all
of which together shall constitute one instrument. 

[THIS
SPACE INTENTIONALLY LEFT BLANK] 

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        In Witness Whereof, the parties hereto have executed this Registration Rights Agreement as
of the date set forth in the first paragraph hereof. 

	
COMPANY:	
 	

PURCHASER:
	

US SEARCH.COM INC.	
 	

 	
 	

 
	 	 	 	 	

	

By:	
 	

 	
 	

By:	
 	

 
	 	 	
	 	 	 	

	Name:	 	 	 	Name:	 	 
	Title:	 	 	 	Its:	 	 

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US SEARCH.COM INC. FORM OF REGISTRATION RIGHTS AGREEMENTQuickLinks
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EXHIBIT 4.6    
  

 
 

ADOBE SYSTEMS INCORPORATED
  
    1996 OUTSIDE DIRECTORS STOCK OPTION PLAN
  (as amended through April 11, 2002)    

        1.    Establishment, Purpose and Term of Plan.    

        1.1    Establishment.    The Adobe Systems Incorporated Restricted Stock Option Plan was
initially established effective March 27, 1987 and amended from time to time thereafter (the "Initial Plan"). The Initial Plan was amended and
restated in its entirety as the Adobe Systems Incorporated 1996 Outside Directors Stock Option Plan (the "Plan") effective as of the date of its
approval by the stockholders of the Company, April 5, 1995 (the "Effective Date"). 

        1.2    Purpose.    The purpose of the Plan is to advance the interests of the Participating
Company Group and its stockholders by providing an incentive to attract and retain highly qualified persons to serve as Outside Directors of the Company and by creating additional incentive for
Outside Directors to promote the growth and profitability of the Participating Company Group. 

        1.3    Term of Plan.    The Plan shall continue in effect until the earlier of its termination
by the Board or the date on which all of the shares of Stock available for issuance under the Plan have been issued and all restrictions on such shares under the terms of the Plan and the agreements
evidencing Options granted under the Plan have lapsed. 

        2.    Definitions and Construction.    

        2.1    Definitions.    Whenever used herein, the following terms shall have their respective
meanings set forth below: 

        (a)  "Board" means the Board of Directors of the Company. If one or more Committees have been appointed by the Board to
administer the Plan, "Board" also means such Committee(s). 

        (b)  "Code" means the Internal Revenue Code of 1986, as amended, and any applicable regulations promulgated thereunder. 

        (c)  "Committee" means a committee of the Board duly appointed to administer the Plan and having such powers as shall be
specified by the Board. Unless the powers of the Committee have been specifically limited, the Committee shall have all of the powers of the Board granted herein, including, without limitation, the
power to amend or terminate the Plan at any time, subject to the terms of the Plan and any applicable limitations imposed by law. 

        (d)  "Company" means Adobe Systems Incorporated, a Delaware corporation, or any successor corporation thereto. 

        (e)  "Consultant" means any person, including an advisor, engaged by a Participating Company to render services other than as
an Employee or a Director. 

        (f)    "Director" means a member of the Board or the board of directors of any other Participating Company. 

        (g)  "Employee" means any person treated as an employee (including an officer or a Director who is also treated as an
employee) in the records of a Participating Company; provided, however, that neither service as a Director nor payment of a director's fee shall be sufficient to constitute employment for purposes of
the Plan. 

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        (h)  "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

        (i)    "Fair Market Value" means, as of any date, if there is then a public market for the Stock, the closing price of the Stock
(or the mean of the closing bid and asked prices of the Stock if the Stock is so reported instead) as reported on the National Association of Securities Dealers Automated Quotation
("Nasdaq") System, the Nasdaq National Market System or such other national or regional securities exchange or market system constituting the primary
market for the Stock. If the relevant date does not fall on a day on which the Stock is trading on Nasdaq, the Nasdaq National Market System or other national or regional securities exchange or market
system, the date on which the Fair Market Value shall be established shall be the last day on which the Stock was so traded prior to the relevant date. If there is then no public market for the Stock,
the Fair Market Value on any relevant date shall be as determined by the Board without regard to any restriction other than a restriction which, by its terms, will never lapse. 

        (j)    "Option" means a right to purchase Stock (subject to adjustment as provided in Section 4.2) pursuant to the terms
and conditions of the Plan. 

        (k)  "Optionee" means a person who has been granted one or more Options. 

        (l)    "Option Agreement" means a written agreement between the Company and an Optionee setting forth the terms, conditions and
restrictions of the Option granted to the Optionee. 

        (m)  "Outside Director" means a Director of the Company who is not an officer of the Company, an Employee, or a Consultant. 

        (n)  "Parent Corporation" means any present or future "parent corporation" of the Company, as defined in Section 424(e)
of the Code. 

        (o)  "Participating Company" means the Company or any Parent Corporation or Subsidiary Corporation. 

        (p)  "Participating Company Group" means, at any point in time, all corporations collectively which are then Participating
Companies. 

        (q)  "Rule 16b-3" means Rule 16b-3 as promulgated under the Exchange Act, as amended
from time to time, or any successor rule or regulation. 

        (r)  "Service" means the Optionee's service as a Director. 

        (s)  "Stock" means the common stock of the Company, as adjusted from time to time in accordance with Section 4.2. 

        (t)    "Subsidiary Corporation" means any present or future "subsidiary corporation" of the Company, as defined in
Section 424(f) of the Code. 

        2.2    Construction.    Captions and titles contained herein are for convenience only and
shall not affect the meaning or interpretation of any provision of the Plan. Except when otherwise indicated by the context, the singular shall include the plural, the plural shall include the
singular, and use of the term "or" shall not be exclusive. 

        3.    Administration.    

        3.1    Administration by the Board.    The Plan shall be administered by the Board, including
any duly appointed Committee of the Board. All questions of interpretation of the Plan or of any Option shall be determined by the Board, and such determinations shall be final and binding upon all
persons having an interest in the Plan or such Option. Any officer of a Participating Company 

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shall have the authority to act on behalf of the Company with respect to any matter, right, obligation, determination or election which is the responsibility of or which is allocated to the Company
herein, provided the officer has apparent authority with respect to such matter, right, obligation, determination or election. 

        3.2    Limitations on Authority of the Board.    Except as otherwise provided herein, the
Board shall have no authority, discretion, or power to select the Outside Directors who will receive Options, to set the exercise price of the Options, to determine the number of shares of Stock to be
subject to an Option or the time at which an Option shall be granted, to establish the duration of an Option, or to alter any other terms or conditions specified in the Plan, except in the sense of
administering the Plan subject to the provisions of the Plan. 

        4.    Shares Subject to Plan.    

        4.1    Maximum Number of Shares Issuable.    Subject to adjustment as provided in
Section 4.2, the maximum aggregate number of shares of Stock that may be issued under the Plan shall be three million two
hundred fifty thousand (3,250,000) and shall consist of authorized but unissued shares or reacquired shares of Stock or any combination thereof. If an outstanding Option for any reason expires or is
terminated or canceled or shares of Stock acquired, subject to repurchase, upon the exercise of an Option are repurchased by the Company, the shares of Stock allocable to the unexercised portion of
such Option, or such repurchased shares of Stock, shall again be available for issuance under the Plan. 

        4.2    Adjustments for Changes in Capital Structure.    In the event of any stock dividend,
stock split, reverse stock split, recapitalization, combination, reclassification or similar change in the capital structure of the Company, appropriate adjustments shall be made in the number and
class of shares subject to the Plan, and to any outstanding Options, and in the exercise price of any outstanding Options. For any changes in capital structure made after April 12, 2001, no
adjustments shall be made in the number and class of shares subject to the "Initial Option" or "Annual Option" (as defined in Section 6.1). If a majority of the shares which are of the same
class as the shares that are subject to outstanding Options are exchanged for, converted into, or otherwise become (whether or not pursuant to a Transfer of Control as defined in Section 8.1)
shares of another corporation (the "New Shares"), the Board may unilaterally amend the outstanding Options to provide that such Options are exercisable
for New Shares. In the event of any such amendment, the number of shares subject to, and the exercise price of, the outstanding Options shall be adjusted in a fair and equitable manner as determined
by the Board, in its sole discretion. Notwithstanding the foregoing, any fractional share resulting from an adjustment pursuant to this Section 4.2 shall be rounded down to the nearest whole
number, and in no event may the exercise price of any Option be decreased to an amount less than the par value, if any, of the stock subject to the Option. 

        5.    Eligibility and Type of Options.    

        5.1    Persons Eligible for Options.    An Option shall be granted only to a person who, at
the time of grant, is an Outside Director. 

        5.2    Options Authorized.    Options shall be nonstatutory stock options; that is, options
which are not treated as incentive stock options within the meaning of Section 422(b) of the Code. 

        6.    Terms and Conditions of Options.    Options shall be evidenced by Option Agreements
specifying the number of shares of Stock covered thereby, in such form as the Board shall from time to time 

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establish. Option Agreements may incorporate all or any of the terms of the Plan by reference and shall comply with and be subject to the following terms and conditions: 

        6.1    Automatic Grant of Options.    Subject to execution by an Outside Director of the
appropriate Option Agreement, Options shall be granted automatically and without further action of the Board, as follows: 

        (a)  Initial Option.    Each person who is first elected or appointed as an Outside Director after the Effective
Date shall be granted an Option to purchase sixty thousand (60,000) shares of Stock on the date of such initial election or appointment (an "Initial
Option"). Notwithstanding anything herein to the contrary, a Director of the Company who previously did not qualify as an Outside Director shall not receive an Initial Option
in the event that such Director subsequently becomes an Outside Director. 

        (b)  Annual Option.     Each Outside Director (including any Director of the Company who previously did not qualify
as an Outside Director but who subsequently becomes an Outside Director) shall be granted, on the day immediately following the day of each annual meeting of the stockholders of the Company (an
"Annual Meeting") following which such person remains an Outside Director, an Option to purchase forty thousand (40,000) shares of Stock (an
"Annual Option"). Notwithstanding the foregoing, an Outside Director who received an Initial Option subsequent to the preceding year's Annual Meeting
shall not receive an Annual Option with respect to the current year's Annual Meeting. 

        (c)  Right to Decline Option.     Notwithstanding the foregoing, any person may elect not to receive an Option by
delivering written notice of such election to the Board no later than the day prior to the date such Option would otherwise be granted. A person so declining an Option shall receive no payment or
other consideration in lieu of such declined Option. A person who has declined an Option may revoke such election by delivering written notice of such revocation to the Board no later than the day
prior to the date such Option would be granted pursuant to Section 6.1(a) or (b), as the case may be. 

        6.2    Discretion to Vary Option Size.    Notwithstanding any provision of the Plan to the
contrary, the Board may, in its sole discretion, increase or decrease the number of shares of Stock that would otherwise be subject to one or more Initial Options or Annual Options to be granted
pursuant to Section 6.1 if, at the time of such exercise of discretion, (a) the "disinterested administration" provisions contained in paragraph (c)(2)(i) of
Rule 16b-3 are no longer applicable to any employee benefit plan maintained by a Participating Company and (b) the exercise of such discretion would not otherwise preclude
any transaction in an equity security of the Company by an officer or Director of a Participating Company from being exempt from Section 16(b) of the Exchange Act pursuant to
Rule 16b-3. 

        6.3    Exercise Price.    The exercise price per share of Stock subject to an Option shall be
the Fair Market Value of a share of Stock on the date the Option is granted. 

        6.4    Exercise Period.    Each Option shall terminate and cease to be exercisable on the date
ten (10) years after the date of grant of the Option unless earlier terminated pursuant to the terms of the Plan or the Option Agreement. 

        6.5    Right to Exercise Options.    Except as otherwise provided in the Plan or in the Option
Agreement and provided that the Optionee's Service has been continuous from the date of Option grant until the relevant date set forth below, each Option, whether an Initial Option or an Annual 

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Option, shall become vested and exercisable cumulatively for shares of Stock subject to the Option (the "Option Shares") as follows: 

        (a)  25%
of the Option Shares shall vest and first become exercisable on the day immediately preceding the day of the first Annual Meeting following the date of Option grant. 

        (b)  25%
of the Option Shares shall vest and first become exercisable on the day immediately preceding the day of the second Annual Meeting following the date of Option
grant. 

        (c)  50%
of the Option Shares shall vest and first become exercisable on the day immediately preceding the day of the third Annual Meeting following the date of Option grant. 

        6.6    Payment of Exercise Price.    

        (a)  Forms of Consideration Authorized.    Except as otherwise provided below, payment of the exercise price for the
number of shares of Stock being purchased pursuant to any Option shall be made (i) in cash, by check, or cash equivalent, (ii) by tender to the Company of shares of Stock owned by the
Optionee having a Fair Market Value not less than the exercise price, (iii) by the assignment of the proceeds of a sale or loan with respect to some or all of the shares being acquired upon the
exercise of the Option (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the
Federal Reserve System) (a "Cashless Exercise"), or (iv) by any combination thereof. 

        (b)  Tender of Stock.    Notwithstanding the foregoing, an Option may not be exercised by tender to the Company of
shares of Stock to the extent such tender of Stock would constitute a violation of the provisions of any law, regulation or agreement restricting the redemption of the Company's stock. Unless
otherwise provided by the Board, an Option may not be exercised by tender to the Company of shares of Stock unless such shares either have been owned by the Optionee for more than six
(6) months or were not acquired, directly or indirectly, from the Company. 

        (c)  Cashless Exercise.    The Company reserves, at any and all times, the right, in the Company's sole and absolute
discretion, to establish, decline to approve or terminate any program or procedures for the exercise of Options by means of a Cashless Exercise. 

        6.7    Tax Withholding.    The Company shall have the right, but not the obligation, to deduct
from the shares of Stock issuable upon the exercise of an Option, or to accept from the Optionee the tender of, a number of whole shares of Stock having a Fair Market Value equal to all or any part of
the federal, state, local and foreign taxes, if any, required by law to be withheld by the Participating Company Group with respect to such Option or the shares acquired upon exercise thereof.
Alternatively or in addition, in its sole discretion, the Company shall have the right to require the Optionee to make adequate provision for any such tax withholding obligations of the Participating
Company Group arising in connection with the Option or the shares acquired upon exercise thereof. The Company shall have no obligation to deliver shares of Stock until the Participating Company
Group's tax withholding obligations have been satisfied. 

        7.    Standard Form of Option Agreement.    

        7.1    Initial Option.    Unless otherwise provided for by the Board at the time an Initial
Option is granted, each Initial Option shall comply with and be subject to the terms and conditions set forth in the form of Nonstatutory Stock Option Agreement for Outside Directors (Initial Option)
adopted by the Board concurrently with its adoption of the Plan and as amended from time to time. 

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        7.2    Annual Option.    Unless otherwise provided for by the Board at the time an Annual
Option is granted, each Annual Option shall comply with and be subject to the terms and conditions set forth in the form of Nonstatutory Stock Option Agreement for Outside Directors (Annual Option)
adopted by the Board concurrently with its adoption of the Plan and as amended from time to time. 

        7.3    Authority to Vary Terms.    Subject to the limitations set forth in Section 3.2,
the Board shall have the authority from time to time to vary the terms of any of the standard forms of Option Agreement described in this Section 7 either in connection with the grant or
amendment of an individual Option or in connection with the authorization of a new standard form or forms; provided, however, that the terms and conditions of any such new, revised or amended standard
form or forms of Option Agreement are not inconsistent with the terms of the Plan. Such authority shall include, but not by way of limitation, the authority to grant Options which are immediately
exercisable subject to the Company's right to repurchase any unvested shares of Stock acquired by the Optionee upon the exercise of an Option in the event such Optionee's Service is terminated for any
reason. 

        8.    Transfer of Control.    

        8.1    Definition.    A "Transfer of Control"
shall be deemed to have occurred in the event any of the following occurs with respect to the Company: 

        (a)  the
direct or indirect sale or exchange by the stockholders of the Company of all or substantially all of the stock of the Company where the stockholders of the Company
before such sale or exchange do not retain, directly or indirectly, at least a majority of the beneficial interest in the voting stock of the Company; 

        (b)  a
merger or consolidation in which the stockholders of the Company before such merger or consolidation do not retain, directly or indirectly at least a majority of the
beneficial interest in the voting stock of the Company; 

        (c)  the
sale, exchange, or transfer of all or substantially all of the assets of the Company (other than a sale, exchange, or transfer to one or more corporations where the
stockholders of the Company before such sale, exchange or transfer retain, directly or indirectly, at least a majority of the beneficial interest in the voting stock of the corporations to which the
assets were transferred); or 

        (d)  a
liquidation or dissolution of the Company. 

        8.2    Effect of Transfer of Control on Options.    In the event of a Transfer of Control, any
unexercisable or unvested portion of the outstanding Options shall be immediately exercisable and vested in full as of the date thirty (30) days prior to the date of the Transfer of Control.
The exercise or vesting of any Option that was permissible solely by reason of this Section 8.2 shall be conditioned upon the consummation of the Transfer of Control. In addition, the
surviving, continuing, successor, or purchasing corporation or parent corporation thereof, as the case may be (the "Acquiring Corporation"), may either
assume the Company's rights and obligations under outstanding Options or substitute for outstanding Options substantially equivalent options for the Acquiring Corporation's stock. Any Options which
are neither assumed or substituted for by the Acquiring Corporation in connection with the Transfer of Control nor exercised as of the date of the Transfer of Control shall terminate and cease to be
outstanding effective as of the date of the Transfer of Control. 

        9.    Nontransferability of Options.    During the lifetime of the Optionee, an Option shall
be exercisable only by the Optionee or the Optionee's guardian or legal representative. No Option shall be assignable or transferable by the Optionee, except by will or by the laws of descent and
distribution. 

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        10.    Termination or Amendment of Plan.    The Board may terminate or amend the Plan at any
time. However, subject to changes in the law or other legal requirements that would permit otherwise, without the approval of the Company's stockholders, there shall be (a) no increase in the
total number of shares of Stock that may be issued under the Plan (except by operation of the provisions of Section 4.2), and (b) no expansion in the class of persons eligible to receive
Options. Furthermore, to the extent required by Rule 16b-3, provisions of the Plan addressing eligibility to participate in the Plan and the amount, price and timing of Options
shall not be amended more than once every six (6) months, other than to comport with changes in the Code, the Employee Retirement Income Security Act of 1974, as amended, or the rules
hereunder. In any event, no termination or amendment of the Plan may adversely affect any then outstanding Option, or any unexercised portion thereof, without the consent of the Optionee, unless such
termination or amendment is necessary to comply with any applicable law or government regulation. 

        11.    Continuation of Initial Plan as to Outstanding Options.    Any other provision of the
Plan to the contrary notwithstanding, the terms of the Initial Plan shall remain in effect and apply to all Options granted pursuant to the Initial Plan. 

        IN
WITNESS WHEREOF, the undersigned Secretary of the Company certifies that the foregoing Adobe Systems Incorporated 1996 Outside Directors Stock Option Plan was duly adopted by the
Board on December 20, 1995 and further amended on December 17, 1999, April 12, 2001 and February 12, 2002. 

	

 	
 	

/s/  COLLEEN M. POULIOT      
Secretary

7

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EXHIBIT 4.6

ADOBE SYSTEMS INCORPORATED 1996 OUTSIDE DIRECTORS STOCK OPTION PLAN (as amended through April 11, 2002)

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