Document:

Exhibit 10.39

 

Vantiv, Inc.

 

Restricted Stock Unit Award Agreement for Non-Employee Directors

Under the 2012 Vantiv, Inc. Equity Incentive Plan

 

Vantiv, Inc. (the “Company”) hereby issues to the Participant an award (the “Award”) of restricted stock units representing an unfunded, unsecured promise of the Company to deliver shares of the Company’s Class A common stock, par value $0.00001 per share (the “Restricted Stock Units”).  Each Restricted Stock Unit represents the right to receive one share of the Company’s Class A common stock, subject to the vesting and distribution provisions of this Agreement.  The Award and the Restricted Stock Units shall be subject to the restrictions and other terms and conditions set forth in the 2012 Vantiv, Inc. Equity Incentive Plan (the “Plan”) and those set forth in this Agreement, including the Terms and Conditions of Restricted Stock Unit Award for Non-Employee Directors attached hereto as Exhibit A (collectively, the “Agreement”).  Any capitalized terms used in this Agreement and not defined herein shall have the meanings ascribed to such terms in the Plan.

 

Award of Restricted Stock Units:

 

Participant Name:

 

Address:

 

Number of Restricted Stock Units:

 

Grant Date:

 

Vesting Schedule and Settlement:  Subject to the acceleration provisions in this Agreement and the Plan, the Restricted Stock Units will become vested on the earlier of (i) one year after the Grant Date and (ii) the date of the next annual shareholder meeting.  The Restricted Stock Units will be settled as set forth in Section 3 of Exhibit A.

 

 

The Participant, by signing below, acknowledges and agrees that the Restricted Stock Units are granted under and governed by the terms, and subject to the conditions, of this Agreement, including the Terms and Conditions of Restricted Stock Unit Award for Non-Employee Directors attached hereto as Exhibit A, and the Plan.

 

	
Participant
    	
 
    	
Vantiv, Inc.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
Name
    	
 
    	
Title:
    	
 
    
	
 
    	
 
    	
Date:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Date
    	
 
    	
 
    

 

2

 

Exhibit A

 

Terms and Conditions of Restricted Stock Unit Award for Non-Employee Directors

 

1.             Condition to the Participant’s Rights Under this Agreement.  This Agreement shall not become effective, and the Participant shall have no rights with respect to the Award or the Restricted Stock Units, unless and until the Participant has fully executed this Agreement.

 

2.             Vesting.  Subject in each case to the Participant’s remaining a member of the Board on the vesting date, the Restricted Stock Units awarded under this Agreement shall vest in accordance with the schedules set forth herein unless, prior to the vesting date set forth, the Award and the Restricted Stock Units have become subject to accelerated vesting under the terms and conditions of the Plan.  Restricted Stock Units that are unvested at the time the Participant ceases to serve on the Board shall be forfeited.  Notwithstanding the foregoing, the Restricted Stock Units shall become fully vested upon the termination of the Participant’s service as a member of the Board due to death or Disability.

 

3.             Distribution.  All Shares issuable pursuant to vested Restricted Stock Units shall be distributed to the Participant (or, in the event of the Participant’s death, to the representatives of the Participant or to any Person to whom the shares have been transferred by will or the applicable laws of descent and distribution) within 90 days following the Distribution Date (as defined below).  For purposes of this Agreement, “Distribution Date” means the first date on which the Participant (i) has ceased to serve on the Board and (ii) is not providing services as an Employee or as an independent contractor to the Company or to any other entity with which the Company would be considered to be a single service recipient or employer under Section 1.409A-1(h)(3) of the Treasury Regulations and the Company does not reasonably anticipate that the Participant will provide such services in the future; provided that, a date will qualify as a Distribution Date only if the Participant has a separation from service (as defined in Section 409A(a)(2)(A)(i) of the Code) on such date.  Within 90 days following the Distribution Date, the Company shall deliver to the Participant one Share for each vested Restricted Stock Unit.  Notwithstanding the foregoing, if the Board determines the Participant is one of the Company’s “specified employees” under Section 409A(a)(2)(B)(i) of the Code at the time of such Participant’s separation from service (as defined in Section 409A(a)(2)(A)(i) of the Code), then any distribution hereunder shall be delayed as provided in Section 18 of the Plan.

 

4.             Restricted Stock Units Non-Transferable.  The Participant shall not directly or indirectly sell, transfer, pledge, assign or otherwise encumber the Restricted Stock Units or any interest in them, whether by operation of law or otherwise, or make any commitment or agreement to do any of the foregoing.

 

5.             Cash Dividends; No Rights as a Shareholder.

 

(a)           Cash Dividends.   If the Company declares cash dividends on its Shares after the Grant Date and prior to the Distribution Date, the Participant shall be entitled to receive additional Restricted Stock Units on each dividend payment date having a Fair Market Value on the dividend payment date equal to the amount of cash dividends payable with respect to the number of Shares represented by the Restricted Stock Units.

 

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Such additional Restricted Stock Units shall vest at the same time as the Restricted Stock Units awarded hereunder and will be subject to the distribution provisions hereof.

 

(b)           No Rights as a Shareholder.  Other than the rights with respect to cash dividends described in Section 5(a), the Participant shall have no rights of a shareholder with respect to the Restricted Stock Units, whether vested or unvested, including, without limitation, the Participant shall not have the right to vote the Shares represented by the Restricted Stock Units.

 

6.             Tax Consequences.   The Company shall not be liable or responsible for any tax of the Participant relating to the Restricted Stock Units, and the Participant agrees to be responsible for any and all such taxes relating to the Restricted Stock Units.

 

7.             Securities Act Compliance.  The delivery of all or any Shares pursuant to Section 3 hereof shall only be effective at such time that the issuance of such Shares will not violate any state or federal securities or other applicable laws.  The Company is under no obligation to effect any registration or the Shares under the Securities Act of 1933 or to effect any state registration or qualification.  The Company may, in its sole discretion, (i) delay the delivery of Shares if it reasonably anticipates that the delivery of Shares will violate state or federal securities or other applicable laws, provided that the Shares will be delivered promptly following the earliest date on which the Company reasonably anticipates that the delivery of Shares will not cause such violation; or (ii) place restrictive legends on such Shares in order to ensure that the issuance of any Shares will be in compliance with federal or state securities laws.

 

8.             Miscellaneous Provisions.

 

(a)           Equity Incentive Plan.  These Restricted Stock Units are granted under and subject to the terms and conditions of the Plan, which is incorporated herein and made part hereof by this reference.  In the event of a conflict between the terms of the Plan and this Agreement, the terms of the Plan, as interpreted by the Board or the Committee, shall govern.  The Participant hereby acknowledges receipt of a true copy of the Plan and that the Participant has read the Plan carefully and fully understands its content.  The Participant hereby acknowledges that all decisions, determinations and interpretations of the Board or the Committee in respect of the Plan, this Agreement and the Restricted Stock Units shall be final and conclusive.

 

(b)           Entire Agreement.  This Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject matter hereof.  This Agreement and the Plan supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof.

 

(c)           Waiver.  No waiver of any breach or condition of this Agreement shall be deemed to be a waiver of any other or subsequent breach or condition whether of like or different nature.

 

(d)           Choice of Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, as such laws are applied to contracts entered into and performed in such State without reference to principles of conflict of law.

 

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(e)           Waiver of Jury Trial.  The Participant waives any right he or she may have to trial by jury in respect of any litigation based on, arising out of, under or in connection with this Agreement or the Plan.

 

(f)            Choice of Forum.

 

(i)            Jurisdiction.  The Company and the Participant, as a condition to the Participant’s receipt of the Restricted Stock Units, hereby irrevocably submit to the exclusive jurisdiction of any state or federal court located in Hamilton County, Ohio over any suit, action or proceeding arising out of or relating to or concerning the Plan or this Agreement.  The Company and the Participant, as a condition to the Participant’s receipt of the Restricted Stock Units, acknowledge that the forum designated by this Section 8(f)(i) has a reasonable relation to the Plan and this Agreement and to the relationship between the Participant and the Company.  Notwithstanding the foregoing, nothing herein shall preclude the Company from bringing any action or proceeding in any other court for the purpose of enforcing the provisions of Section 8(f).

 

(ii)           Acceptance of Jurisdiction.  The agreement by the Company and the Participant as to forum is independent of the law that may be applied in the action, and the Company and the Participant, as a condition to the Participant’s receipt of the Restricted Stock Units, (A) agree to such forum even if the forum may under applicable law choose to apply non-forum law, (B) hereby waive, to the fullest extent permitted by applicable law, any objection which the Company or the Participant now or hereafter may have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding in any court referred to in Section 8(f)(i), (C) undertake not to commence any action arising out of or relating to or concerning the Plan or this Agreement in any forum other than the forum described in this Section 8(f) and (D) agree that, to the fullest extent permitted by applicable law, a final and non-appealable judgment in any such suit, action or proceeding in any such court shall be conclusive and binding upon the Company and the Participant.

 

(iii)          Service of Process.  The Participant, as a condition to the Participant’s receipt of the Restricted Stock Units, hereby irrevocably appoints the General Counsel of the Company as the Participant’s agent for service of process in connection with any action, suit or proceeding arising out of or relating to or concerning the Plan or this Agreement, who shall promptly advise the Participant of any such service of process.

 

(iv)          Confidentiality.  The Participant, as a condition to the Participant’s receipt of the Restricted Stock Units, agrees to keep confidential the existence of, and any information concerning, a dispute, controversy or claim described in Section 8(f), except that the Participant may disclose information concerning such dispute, controversy or claim to the court that is considering such dispute, controversy or claim or to the Participant’s legal counsel (provided that such counsel agrees not to disclose any such information other than as necessary to the prosecution or defense of the dispute, controversy or claim).

 

(g)           Construction of Agreement.  Any provision of this Agreement (or portion thereof) which is deemed invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction and subject to this section, be ineffective to the extent of such invalidity, illegality or

 

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unenforceability, without affecting in any way the remaining provisions thereof in such jurisdiction or rendering that or any other provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction.

 

(h)           Non-Transferability.  This Agreement, and any rights or interests therein, shall not be assigned or transferred by the Participant during the Participant’s lifetime, whether by operation of law or otherwise, except by beneficiary designation, will or the laws of descent and distribution.  Any attempt to transfer this Agreement contrary to the terms of this Agreement and/or the Plan shall be null and void and without legal force or effect.

 

(i)            Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.

 

6Eurasian Minerals Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

Exhibit 10.2

EURASIAN MINERALS INC.

STOCK OPTION PLAN

PART 1 
INTERPRETATION

1.01 Definitions In this Plan the following words and
phrases shall have the following meanings, namely:

	 	(a) 	
      “Blackout Period” means a period during which
      there is a prohibition on trading in the Company’s securities imposed by
      the Company on Insiders.

	 	 	 	 
	 	(b) 	
      “Board” means the board of directors of the
      Company or, if the Board so elects, a committee (which may consist of only
      one person) appointed by the Board from its members to administer this
      Plan.

	 	 	 	 
	 	(c) 	
      “Company” means Eurasian Minerals Inc.

	 	 	 	 
	 	(d) 	
      “Consultant” means an individual who (or a
      corporation or partnership (a “Consultant Company”) of which the
      individual is an employee, shareholder or partner which)

	 	 	 	 
	 		(i) 	
      is engaged to provide, on an ongoing bona fide
      basis, consulting, technical, management or other services to the
      Company or a subsidiary of the Company other than in relation to a
      distribution of the Company’s securities,

	 	 	 	 
	 		(ii) 	
      provides the services under a written contract between
      the Consultant or Consultant Company and the Company or
  subsidiary,

	 	 	 	 
	 		(iii) 	
      in the Board’s reasonable opinion, spends or will spend a
      significant amount of time and attention on the business and affairs of
      the Company or subsidiary of the Company, and

	 	 	 	 
	 		(iv) 	
      has a relationship with the Company or subsidiary of the
      Company that enables the individual to be knowledgeable about the business
      and affairs of the Company or subsidiary.

	 	 	 	 
	 	(d) 	
      “Director” means a director of the Company or any
      of its subsidiaries.

	 	 	 	 
	 	(e) 	
      “Disinterested Shareholder” means a holder of
      Shares that is not an Insider nor an associate (as defined in the
      Securities Act (British Columbia)) of an
Insider.

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010 

-2-

	 	(f) 	
      “Employee” means an individual in the employment
      of the Company or any of its subsidiaries or of a company providing
      management or administrative services to the Company.

	 	 	 
	 	(g) 	
      “Exchange” means whichever stock exchange on which
      the Shares are listed for trading being either the TSX Venture Exchange
      (the “TSX-V”) or Toronto Stock Exchange (the
  “TSX”).

	 	 	 
	 	(h) 	
      “Insider” means an insider of the Company as
      defined in the Securities Act (British Columbia).

	 	 	 
	 	(i) 	
      “Market Price” means the price at which the last
      recorded sale of a board lot of Shares took place on the Exchange during
      the trading day immediately preceding the date of granting the Option and,
      if there was no such sale, the closing price on the preceding trading day
      during which there was such a sale.

	 	 	 
	 	(j) 	
      “Officer” means a senior officer of the Company
      (as defined in the Securities Act (British Columbia)) or any of its
      subsidiaries.

	 	 	 
	 	(k) 	
      “Option” means an option to purchase Shares
      granted to an Optionee under this Plan;

	 	 	 
	 	(l) 	
      “Optionee” means a Director, Officer, Employee or
      Consultant granted an Option or a corporation, other than a Consultant
      Company, granted an Option where the corporation’s only shareholder is a
      Director, Officer or Employee.

	 	 	 
	 	(m) 	
      “Plan” means this stock option plan as from time
      to time amended.

	 	 	 
	 	(n) 	
      “Shares” means common shares of the
  Company.

PART 2 
PURPOSE OF PLAN

2.01 Purpose The purpose of this Plan is to attract and
retain Employees, Consultants, Officers and Directors to the Company and to
motivate them to advance the interests of the Company by affording them with the
opportunity to acquire an equity interest in the Company by being granted
Options.

PART 3
GRANTING OF OPTIONS

3.01 Administration This Plan shall be administered by
the Board.

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010 

-3-

3.02 Grant by Resolution The Board may determine by
resolution those Employees, Consultants, Officers and Directors to whom Options
should be granted and grant to them such Options as the Board determines to be
appropriate. Such grant shall be deemed to be a representation by the Company
that the Optionee is a Director, Officer, Employee or Consultant.

3.03 No Grants if Listed on NEX The Board shall not
grant any Options if the Shares are listed on the NEX Board of the TSX-V or the
Company has been given notice that its listing will or might be transferred to
NEX. 

3.04 Terms of Option The Board shall determine and
specify in its resolution the number of Shares that should be placed under
Option to each such Employee, Consultant, Officer or Director, the price per
Share to be paid for such Shares upon the exercise of each such Option, and the
period during which such Option may be exercised.

3.05 Written Agreement Every Option shall be evidenced
by a written agreement between the Company and the Optionee substantially in the
form attached to this Plan. If there is any inconsistency between the terms of
the agreement and this Plan the terms of this Plan shall govern.

PART 4
CONDITIONS GOVERNING THE GRANTING &
EXERCISING OF OPTIONS

4.01 Agreements must specify Exercise Period and Price,
Vesting and Number of Shares In granting an Option, the Board must specify a
particular time period or periods during which the Option may be exercised, the
exercise price required to purchase the Shares subject to the Option and any
vesting terms and conditions of the Option, including the number of Shares in
respect of which the Option may be exercised during each such time period.

4.02 Minimum Exercise Price of Options The exercise
price of an Option shall not be less than the Market Price at the time of
granting the Option. If the Optionee is subject to the tax laws of the United
States of America and owns (as determined in accordance with such laws) greater
than 10% of the Shares at the time of granting of the Option the exercise price
shall be at least 110% of the Market Price. If the Shares are listed on the
TSX-V, no Options shall be granted which are exercisable at a price of less than
CAD($) 0.10 per Share.

4.03 Number of Shares subject to Option The number of
Shares reserved for issuance to an Optionee pursuant to an Option, together with
all other stock options granted to the Optionee in the previous 12 months, shall
not exceed, at the time of granting of the Option:

	 	(a) 	
      5% of the outstanding Shares, unless the Company has
      obtained Disinterested Shareholder approval or the Shares are listed on
      the TSX;

	 	 	 
	 	(b) 	
      2% of the outstanding Shares, if the Optionee is a
      Consultant and the Shares are listed on the TSX-V;
or

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

-4-

	 	(c) 	
      2% of the outstanding Shares (including all other Shares
      reserved for issuance to all Optionees providing investor relations
      services to the Company), if the Optionee is engaged in providing investor
      relations services to the Company and the Shares are listed on the
      TSX-V.

4.04 Vesting of Options Subject to further vesting
requirements required by the Board on granting of an Option, all Options shall
vest and be exercisable on the following terms:

	 	(a) 	
      If Optionee is Providing Investor Relations Services:
      If the Optionee is a Consultant providing investor relations services
      to the Company and the Shares are listed on the TSX-V, any Option granted
      to the Consultant must vest in stages over at least 12 months with no more
      than one quarter of the Option vesting in any three month
period.

	 	 	 	 
	 	(b) 	
      If there is a Change of Control: If a Change of
      Control is agreed to by the Company or events which might lead to a Change
      of Control are commenced by third parties, all Options, subject to the
      Exchange’s approval (if required), shall vest immediately and be fully
      exercisable notwithstanding the terms thereof. For the purposes hereof
      “Change of Control” shall mean:

	 	 	 	 
	 		(i) 	
      any transaction or series of related transactions as a
      result of which any person, entity or group acquires ownership, after the
      date of an Option, of at least 20% of the Shares and they or their
      representatives become a majority of the Board or assume control or
      direction over the management or day-to- day operations of the Company;
      or

	 	 	 	 
	 		(ii) 	
      an amalgamation, merger, arrangement, business
      combination, consolidation or other reorganization of the Company with
      another entity or the sale or disposition of all or substantially all of
      the assets of the Company, as a result of either of which the Company
      ceases to exist, be publicly traded or the management of the Company or
      Board do not comprise a majority of the management or a majority of the
      board of directors, respectively, of the resulting entity,

	 	 	 	 
	 		
      and to permit Optionees to participate in any of the
      foregoing, the Board may make appropriate provision for the exercise of
      Options conditional upon the Shares so issued being taken-up and paid for
      pursuant to any of the foregoing.

Subject to the approval of the Exchange if the Optionee is a
Consultant providing investor relations services for the Company, the Board may
advance, at any time, the dates upon which any or all Options shall vest and
become exercisable, regardless of the terms of vesting set out in this Plan or
the agreement. 

4.05 Exercise of Options if Specified Value Exceeds USD($)
100,000 If the Optionee is subject to the tax laws of the United States of
America that part of any Option entitling the Optionee to purchase Shares having a value of US($) 100,000 or less shall
be treated as an ‘Incentive Stock Option’ under United States Internal
Revenue Code (so that the Optionee may defer the payment of tax on such
Shares until the year in which such Shares are disposed of by the Optionee). For
the purposes hereof value is determined by multiplying the number of shares
which are subject to the Option times the Market Price (at the time of granting
of the Option). That part of any Option on Shares having a value in excess of
US($) 100,000 shall be treated as a non-qualifying stock option for the purposes
of the Code and shall not entitle the Optionee to such tax deferral.

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

-5-

4.06 Expiry of Options Each Option shall expire not
later than 10 years from the day on which the Option is granted.

4.07 Expiry of Options during or immediately after Trading
Blackout Periods If an Option expires during, or within five trading days
after, a Blackout Period then, notwithstanding section 4.06 or the terms of the
Option, the term of the Option shall be extended and the Option shall expire 10
trading days after the termination of the Blackout Period. 

4.08 Death or Disability of Optionee If an Optionee dies
or suffers a Disability prior to the expiry of an Option, the Optionee’s legal
representatives, before the earlier of the expiry date of the Option and the
first anniversary of the Optionee’s death or Disability, may exercise that
portion of an Option which has vested as at the date of death or Disability. For
the purposes hereof “Disability” shall mean any inability of the Optionee
arising due to medical reasons which the Board considers likely to permanently
prevent or substantially impair Optionee being an Employee, Consultant, Officer
or Director. 

4.09 Cessation as an Optionee (Involuntary or not on
request) If an Optionee ceases to be a Director, Officer, Consultant or
Employee through: 

	 	(a) 	
      removal as a Director;

	 	 	 
	 	(b) 	
      dismissal or termination as an Officer, Consultant or
      Employee (whether or not ‘for cause’); or

	 	 	 
	 	(c) 	
      resignation where such resignation is not made at the
      request of the Board or for the benefit of any Director or
  Officer,

then, notwithstanding the Optionee continuing to fall within
another of such categories, any Option shall terminate immediately on such
removal, dismissal, termination or resignation and not be exercisable by the
Optionee unless otherwise determined by the Board. 

4.10 Cessation as an Optionee (Voluntary on request) If
an Optionee ceases to be any of a Director, Officer, Consultant or Employee for
any reason except as provided in sections 4.08 or 4.09, any Option shall be
exercisable to the extent that it has vested and was exercisable as at the date
of such cessation, unless further vesting is permitted by the Board, and must
terminate on the earlier of the expiry date of the Option and:

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

-6-

	 	(a) 	
      the 90th day after the Optionee ceased to be
      any of a Director, Officer, Consultant or Employee, or such later date as
      may be reasonably determined by the Board; or

	 	 	 
	 	(b) 	
      the earlier of the 90th day and the third
      month after the Optionee ceased to be an Employee or Officer, if the
      Optionee is subject to the tax laws of the United States of
  America.

4.11 No Assignment of Options No Option or any right
thereunder or in respect thereof shall be transferable or assignable otherwise
than by will or pursuant to the laws of succession except that, if permitted by
the rules and policies of the Exchange, an Optionee shall have the right to
assign any Option (other than an ‘Incentive Stock Option’ under United States
Internal Revenue Code) to a corporation wholly-owned by them. 

4.12 Restriction on Resale of Shares Issued on Exercise of
an Option Unless an Option is exercisable for a price equal to or above the
Market Price at the time the Option is granted or the Shares are listed on the
TSX, all Shares issued upon the exercise of the Option shall be subject to a
four month hold period from the time the Option was granted sold and, in
accordance with the TSX-V’s policies, the certificates representing such Shares
shall be legended accordingly. 

4.13 Notice of Exercise of an Option Options shall be
exercised only in accordance with the terms and conditions of the agreements
under which they are respectively granted and shall be exercisable only by
notice in writing to the Company.

4.14 Payment on Exercise of an Option Options may be
exercised in whole or in part at any time prior to their lapse or termination.
Shares purchased by an Optionee on exercise of an Option shall be fully paid for
in cash at the time of their purchase.

4.15 Conditions to Issuance of Shares The Board may
require, as a condition of the issuance of Shares or delivery of certificates
representing such Shares upon the exercise of any Option and to ensure
compliance with any applicable laws, regulations, rules, orders and requirements
that the Optionee or the Optionee’s heirs, executors or other legal
representatives, as applicable, make such covenants, agreements and
representations as the Board deems necessary or desirable.

4.16 Withholding or Deduction of Taxes The Company may
deduct, withhold or require an Optionee, as a condition of exercise of an
Option, to withhold, pay, remit or reimburse any taxes or similar charges, which
are required to be paid, remitted or withheld in connection with the exercise of
any Option. 

PART 5
RESERVATION OF SHARES FOR
OPTIONS

5.01 Sufficient Authorized Shares to be Reserved
Whenever the constating documents of the Company limit the number of authorized
Shares, a sufficient number of Shares shall be reserved by the Board to satisfy the exercise of Options. Shares that were
the subject of Options that have lapsed or terminated shall thereupon no longer
be in reserve and may once again be subject to an Option.

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

-7-

5.02 Maximum Number of Shares to be Reserved Under Plan
The aggregate number of Shares which may be subject to issuance pursuant to
Options shall be 10% of the outstanding Shares.

5.03 Maximum Number of Shares Reserved for Insiders
Unless the Disinterested Shareholders have approved this Plan, all Options,
together with all of the Company’s other previously granted stock options, stock
option plans, employee stock purchase plans or any other compensation or
incentive mechanisms involving the issuance or potential issuance of Shares,
shall not result, at the time of granting, in:

	 	(a) 	
      the number of Shares reserved for issuance pursuant to
      Options granted to Insiders exceeding 10% of the Shares
  outstanding;

	 	 	 
	 	(b) 	
      the issuance to Insiders, within a one year period, of
      Shares totalling in excess of 10% of the Shares outstanding; or

	 	 	 
	 	(c) 	
      the issuance to any one Insider, within a one year
      period, of Shares totalling in excess of 5% of the Shares
    outstanding.

PART 6
CHANGES IN SHARES

6.01 Share Consolidation or Subdivision If the Shares
are at any time subdivided or consolidated, the number of Shares reserved for
Options shall be similarly increased or decreased and the price payable for any
Shares that are then subject to issuance shall be decreased or increased
proportionately, as the case may require, so that upon exercising each Option
the same proportionate shareholdings at the same aggregate purchase price shall
be acquired after such subdivision or consolidation as would have been acquired
before.

6.02 Stock Dividend If the Shares are at any time
changed as a result of the declaration of a stock dividend thereon, the number
of Shares reserved for Options and the price payable for any Shares that are
then subject to issuance may be adjusted by the Board to such extent as they
deem proper in their absolute discretion.

PART 7
EXCHANGE’S RULES & POLICIES
APPLY

7.01 Exchange’s Rules and Policies Apply This Plan and
the granting and exercise of any Options are also subject to such other terms
and conditions as are set out from time to time in the rules and policies on
stock options of the Exchange and any securities commission having authority and
such rules and policies shall be deemed to be incorporated into and become a
part of this Plan. If there is an inconsistency between the provisions of such rules and
policies and of this Plan, the provisions of such rules and policies shall
govern.

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

-8-

PART 8

AMENDMENT OF PLAN &
OPTIONS

8.01 Board May Amend Plan or Options The Board may amend
or terminate this Plan or any Options but no such amendment or termination,
except with the written consent of the Optionees concerned or unless required to
make this Plan or the Options comply with the rules and policies of the
Exchange, shall affect the terms and conditions of Options which have not then
been exercised or terminated.

8.02 Shareholder Approval The approval of Disinterested
Shareholders for an amendment to this Plan or any Option shall be required in
respect of Options granted to Insiders involving:

	 	(a) 	
      a reduction of the exercise price, including a reduction
      effected by cancelling an existing Option and granting a new Option
      exercisable at a lower price within the subsequent one year period, if the
      Shares are listed on the TSX-V, or three month period, if the Shares are
      listed on the TSX; or

	 	 	 
	 	(b) 	
      an extension of the exercise period, if the Shares are
      listed on the TSX, unless the extension arises from a Blackout
    Period.

Approval by all holders of Shares, whether the holders are
Disinterested Shareholders or not, is required for:

	 	(a) 	
      an increase in the number of Shares, or percentage of the
      outstanding Shares, reserved for issuance under this Plan; or

	 	 	 
	 	(b) 	
      a change from a fixed number to a fixed percentage of the
      outstanding Shares, or from a fixed percentage to a fixed number, in the
      number of Shares reserved for issuance under this
Plan.

No approval by any holders of Shares is required for:

	 	(a) 	
      an amendment to comply with applicable law or rules of
      the Exchange or of a ‘housekeeping’ nature required to correct
      typographical and similar errors;

	 	 	 
	 	(b) 	
      a change to the vesting provisions;

	 	 	 
	 	(c) 	
      a change to the termination provisions, other than an
      extension of an Option to a new expiry date that falls outside the maximum
      term currently permitted by this Plan when the Option was first
      granted;

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

-9-

	 	(d) 	
      a reduction of the exercise price of an Option, including
      a reduction effected by cancelling an existing Option and granting a new
      Option exercisable at a lower price, or an extension of the exercise
      period, if the Optionee is not an Insider;

	 	 	 
	 	(e) 	
      any change in those persons who may be Optionees if such
      new Optionees are Insiders;

	 	 	 
	 	(f) 	
      the addition of any form of financial assistance to
      Optionees or any amendment to financial assistance which is more
      favourable to Optionees;

	 	 	 
	 	(g) 	
      the addition of a deferred or restricted share unit or
      any other provision which results in Optionees receiving securities when
      no cash consideration is received by the Company; or

	 	 	 
	 	(h) 	
      the addition of a ‘cashless exercise’ feature, payable in
      cash, Shares or securities of the Company, whether or not it provides for
      a full deduction of the number of Shares subject to issuance when Options
      are so exercised.

8.03 Exchange Approval Required Any amendment to this
Plan or Options shall not become effective until such amendments have been
accepted for filing by the Exchange.

PART 9
EFFECT OF PLAN ON OTHER COMPENSATION
PLANS

9.01 Other Plans Not Affected This Plan shall not in any
way affect the policies or decisions of the Board in relation to the
remuneration of Directors, Officers, Consultants and Employees.

PART 10
OPTIONEE’S RIGHTS AS A
SHAREHOLDER

10.01 No Rights Until Option Exercised An Optionee shall
be entitled to the rights pertaining to share ownership, such as to dividends,
only with respect to Shares that have been fully paid for and issued to the
Optionee upon exercise of an Option.

PART 11
EFFECTIVE DATE OF PLAN

11.01 Effective Date This Plan shall become effective
upon the later of the acceptance for filing of this Plan by the Exchange and the
approval of this Plan at a meeting of the holders of Shares. Options may be
granted, but not exercised, prior to the receipt of such approvals. Thereafter
this Plan shall be approved by the holders of the Shares annually, if the Shares
are listed on the TSX-V, or tri-annually, if the Shares are listed on the TSX. If such annual
approvals are not obtained, Options may no longer be granted.

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

-10-

11.02 Termination This Plan shall terminate only upon a
resolution to that effect being passed by the Board. Any Options shall continue
to be exercisable according to their terms after the termination of this
Plan.

	DATED: 	July 3, 2008 
	 	 
	AMENDED: 	July 7, 2009 
	 	 
	AMENDED: 	December 31, 2010 

	Dated: 	July 3, 2008 
	Last Amended: 	December 31, 2010

 

 

 

 

 

SCHEDULE

[On Company’s Letterhead]

● [Insert DATE of grant]

● [Insert Optionee’s Name] 
● Street 
Vancouver, British Columbia

V●

Dear Optionee:

Re: Grant of Stock Option to you by the
Company

Eurasian Minerals Inc. (the “Company”)
hereby offers you a non-assignable option to purchase common shares in the
capital of the Company pursuant to the Company’s Stock Option Plan (the
“Plan”), a copy of which is available from the Company. The Company
confirms that you are a bona fide Director, Officer, Employee or
Consultant, as defined in the Plan.

Your stock option is subject to the terms and
conditions of the Plan, which are deemed to be incorporated in this Agreement,
and to the following specific provisions:

	Number of Shares: 	● 
	  	 
	Exercise Price: 	CAD($) ● per share 
	  	 
	Expiry Time: 	4:00 p.m. (Vancouver time) on ● 
	  	 
	Vesting: 	Option 1 - [ Immediately 
	  	Option 2 - [ 25% on ● and 25%
      each six months thereafter 
		Option 3 - if milestones or other
      periods for vesting are desired [ ●% on ● and ●% on ● 

Subject to first vesting, your stock option may be exercised in whole or in part at any time before the Expiry
Time by notice in writing to the Company. Such notice shall specify the number
of shares with respect to which you are exercising your stock option and shall
be accompanied by a cheque in favour of the Company payable in
Canadian funds in full payment of the Exercise Price for the number of shares
then being purchased.

Option - insert for US Optionee [ You hereby represent
and warrant to, and covenant with, the Company (and it shall be a condition of
exercising your stock option and the Company may require you to execute an instrument in a form acceptable to it
confirming the following) that you: 

-2-

	1. 	
      are resident in the United States of America;

	 	 
	2. 	
      will acquire any shares upon the exercise of your option
      as an investment and not with a view to distribution;

	 	 
	3 	
      undertake not to offer or sell or otherwise dispose of
      the shares unless the shares are subsequently registered under the
      Securities Act of 1933 (United States), as amended, or an exemption
      from registration is available;

	 	 
	4. 	
      consent to the placing of a restrictive legend on any
      share certificates issued to you should such be necessary in order to
      comply with securities laws applicable to you or the Company;
and

	 	 
	5. 	
      acknowledge that securities laws applicable to you or the
      Company may require you to hold any shares issued to you for a certain
      period prior to resale thereof.

There may be restrictions imposed under securities legislation
of Canada and your country of residence on your ability to sell shares acquired
on exercise of this stock option. If you are in doubt about the applicable
requirements, you should consult a lawyer. 

You acknowledge and consent to the Company: 

	 	(a) 	
      collecting your personal information for the purposes of
      this Agreement;

	 	 	 
	 	(b) 	
      retaining the personal information for as long as
      permitted or required by applicable law or business practices;
  and

	 	 	 
	 	(c) 	
      providing to various governmental and regulatory
      authorities, as may be required by applicable securities laws, stock
      exchange rules, and the rules of the Investment Industry Regulatory
      Organization of Canada (IIROC) or to give effect to this agreement any
      personal information provided by you.

If you are resident in Ontario, you acknowledge you have been
notified by the Company: 

	 	(a) 	
      of the delivery to the Ontario Securities Commission (the
      “OSC”) of your personal information;

	 	 	 
	 	(b) 	
      that your personal information is being collected
      indirectly by the OSC under the authority granted to it in the securities
      legislation;

-3-

	 	(c) 	
      your personal information is being collected for the
      purposes of the administration and enforcement of the securities
      legislation of Ontario; and

	 	 	 
	 	(d) 	
      the contact information of the public official in Ontario
      who can answer questions about the OSC’s indirect collection of personal
      information is

	 	 	 
	 		
      Administrative Support Clerk 

	 	 	Ontario Securities Commission
	 		
      Suite 1903, Box 55, 20 Queen Street West 

	 	 	Toronto, Ontario M5H 3S8
	 		
      Telephone 416-593-3684, Facsimile
  416-593-8252

If you choose to accept this stock option, please sign in the
space provided below.

EURASIAN MINERALS INC.

	Per: 	______________________________
	 	Authorized Signatory 

	I hereby ACCEPT the above stock option 
	and AGREE to the terms and conditions described
      above, 
	including the terms and conditions of the Plan.  

	________________________________________
	Optionee’s Signature

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