Document:

exv10w2xay

 

Exhibit 10.2(a)

DATED:

SPARK NETWORKS PLC

AND

 

 

OPTION CERTIFICATE

Relating to options to subscribe for shares

in Spark Networks plc

 

 

 

DATED:

BETWEEN

	1.	 	The “Company”: Spark Networks plc (registered no. 3628907) whose registered office is 73
Abbey Road, London, NW8 0AE.
	 
	2.	 	The “Option Holder”:                     , an individual.

RECITALS:

	(A)	 	The Option Holder is employed by the Company pursuant to an employment contract between the
Company and the Option Holder.
	 
	(B)	 	The Company has agreed to grant to the Option Holder an option to subscribe for Shares in the
Company pursuant to the Scheme (as defined below) and on the terms set out in this Option
Certificate.

OPERATIVE PROVISIONS:

	1.	 	Definitions and interpretation

	 	1.1	 	In this Certificate the following expressions shall have the meanings set out
below (unless the context otherwise requires):

	 	1.1.1	 	"Final Exercise Date” means the 7th anniversary of the date
of this Option Certificate;
	 
	 	1.1.2	 	"Option Price” means the price per Option Share as set out
in Clause 3, subject to variation as provided for in the Scheme;
	 
	 	1.1.3	 	"Option Shares” means            Shares, subject
to variation as provided for in the Scheme;
	 
	 	1.1.4	 	“Scheme” means the Spark Networks plc 2004 Share Option
Scheme (the current Rules of which are annexed to this Certificate), as
amended, modified or replaced from time to time;
	 
	 	1.1.5	 	"Start of Vesting” means                     .

	 	1.2	 	Words and expressions defined in the Scheme shall, unless the context
otherwise requires, have the same meanings where used in this Certificate.
	 
	 	1.3	 	Clause headings are for ease of reference only, and shall not affect the
construction of this Certificate.
	 
	 	1.4	 	References to “Clause” or “Clauses” are to a Clause or Clauses in this
Certificate.

	2.	 	Grant of Option
	 
	 	 	The Company hereby grants to the Option Holder, an option to subscribe for the Option
Shares at the Option Price, on and subject to the terms set out in this Certificate and the
Scheme.

 

 

	3.	 	Option Price
	 
	 	 	The Option Price payable by the Option Holder for the Option Shares shall be €           per Option
Share.
	 
	4.	 	Vesting & Exercising of Option

	 	4.1	 	The Option granted pursuant to this Certificate shall become exercisable as
follows:

	 	4.1.1	 	          % of the Option Shares shall vest and become exercisable at
the beginning of each three-month period following the Start of Vesting;
	 
	 	4.1.2	 	Any unvested Option Shares shall vest and become exercisable
upon the acquisition by any person or entity of      % of the Company’s then
outstanding ordinary shares (or derivative securities representing ordinary shares).

	 	4.2	 	Save as provided for in the Scheme, the Option may not be assigned, sold or
otherwise transferred.
	 
	 	4.3	 	The Option may not in any circumstances be exercised after the Final Exercise
Date.
	 
	 	4.4.	 	The Option (and all unexercised portions thereof) shall lapse on the earliest
of the following dates:

	 	4.4.1.	 	the Final Exercise Date;
	 
	 	4.4.2.	 	90 days from the Option Holder’s resignation of employment (or appointment)
with the Company (for the avoidance of doubt, no Option Shares shall vest or
become exercisable during this period);
	 
	 	4.4.3.	 	90 days from the Option Holder’s termination of employment (or appointment)
with the Company (for avoidance of doubt, no Option Shares shall vest or
become exercisable during this period) without cause;
	 
	 	4.4.4.	 	30 days from the Option Holder’s termination of employment with the Company
for any reason other than those set out in 4.4.2 or 4.4.3 above (for avoidance
of doubt, no Option Shares shall vest or become exercisable during this
period).

	5.	 	Exercise of Option

	 	5.1	 	The Option shall be exercisable in accordance with the Scheme and in
particular in accordance with the procedural requirements set out in Rule 6 of the
Scheme.
	 
	 	5.2	 	At a time when the Shares or securities convertible into shares, are dealt in
on any stock exchange, the Company shall make the requisite application to such
exchange so as to qualify the shares for trading, provided that the Company shall have
sole discretion as to whether to register the Shares for resale with the US Securities
& Exchange Commission.

 

 

	6.	 	General

	 	6.1	 	The Company will, at all times during the subsistence of the Option, keep
available sufficient authorised and unissued Shares to satisfy the exercise of the
Option to the full extent still possible, taking account of any other obligations of
the Company to issue Shares.
	 
	 	6.2	 	The Option and the rights referred to in this Certificate may be terminated
by the Company as provided for in the Scheme.
	 
	 	6.3	 	Any notice or communication to be given under this Certificate shall be in
writing and may be delivered or sent by ordinary post to the known address of the
recipient, and where a notice or a communication is so sent, it shall be deemed to
have been received by the recipient 72 hours after having been put into the post,
properly addressed and stamped first class. Any notices addressed to the Company
shall be marked for the attention of the General Counsel at its principal place of
business from time to time in the United States of America.
	 
	 	6.4	 	In the event of any inconsistency between the terms of the Scheme and this
Certificate the terms of the Scheme shall prevail.
	 
	 	6.5	 	This Certificate and the documents referred to in it constitute the entire
agreement between the parties relating to their subject matter, and supersede all
previous agreements between the parties relating to that subject matter.
	 
	 	6.6	 	The Option Holder confirms that, in agreeing to execute this Certificate, he
or she has not relied on any representation, warranty or other assurance except those
set out in this Certificate and the documents referred to in it. To the extent any
previous representation, warranty or assurance was made to the Option Holder he or she
waives all rights and remedies in respect of it. However, nothing in this Clause shall
limit or exclude liability for fraud.
	 
	 	6.7	 	Any variation or waiver of any of the terms of this Certificate shall not be
binding unless set out in writing, expressed to amend this Certificate and signed by
or on behalf of each of the parties.
	 
	 	6.8	 	This Certificate shall be governed by the laws of England and subject to the
exclusive jurisdiction of the English Courts.
	 
	 	6.9	 	A person who is not a party to this Certificate has no rights under the
Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Certificate
but this does not affect any right or remedy of a third party which exists or is
available apart from that Act.

EXECUTED by the parties on the date specified at the beginning of this Agreement.

	 	 	 	 	 	 	 
	Signed:

	 	 	 	Signed:	 	 
	 

	 	 
	 	 	 	 
	 

	 	Duly authorised officer for	 	 	 	 
	 

	 	and on behalf of Spark Networks plcexv10w3xay

 

Exhibit 10.3(a)

DATED:

SPARK NETWORKS PLC

AND

[Name of Option Holder]

 

OPTION AGREEMENT

Relating to the subscription of shares

in Spark Networks plc

 

Page 1 of 4

 

DATED:

BETWEEN

	1.	 	The “Company”: Spark Networks plc (registered no. 3628907) whose registered office is 73
Abbey Road, London, NW8 0AE.
	 
	2.	 	The “Option Holder”:                     , an individual residing at                     .

RECITALS:

	(A)	 	The Option Holder has been employed by the Company to provide services to it.
	 
	(B)	 	Pursuant to the Option Holder’s appointment, the Company agreed to grant him an option under
the Company’s 2000 Employees Share Option Scheme to acquire shares in the Company on, and
subject to, the terms hereof;

OPERATIVE PROVISIONS:

	1.	 	Definitions and interpretation
	 
	 	 	In this agreement the following expressions shall have the meanings set out below (unless
the context otherwise requires):

	 	1.1	 	the “Auditors” means the auditors of the Company from time to time;
	 
	 	1.2	 	“Final Exercise Date” means the 4th anniversary of the start of vesting;
	 
	 	1.3	 	“Options” means the rights granted to the Option Holder by clause 2;
	 
	 	1.4	 	“Option Shares” means [     ] Shares subject to variation pursuant to clause 6;
	 
	 	1.5	 	‘Start of vesting’ means [Date];
	 
	 	1.6	 	“Shares” or “Ordinary Shares” means Ordinary Shares of 1p each, of the
Company, subject to variation pursuant to clause 6;
	 
	 	1.7	 	“Subscription Price” means the price per Option Share determined as set out
in Clause 3, subject to variation pursuant to clause 6;
	 
	 	1.8	 	clause headings are for ease of reference only, and shall not affect the construction of this agreement;
	 
	 	1.9	 	words importing one gender shall be construed as importing any other gender;
	 
	 	1.10	 	words importing the singular shall be construed as importing the plural and vice versa;
	 
	 	1.11	 	references to persons shall include bodies corporate and vice versa;
	 
	 	1.12	 	the words “written” or “in writing” shall include printing, engraving,
lithography or any other means of visual reproduction;
	 
	 	1.13	 	a reference to any enactment shall be construed as a reference to that
enactment as from time to time amended, extended or re-enacted;
	 
	 	1.14	 	references to “Clause” or “Clauses” are to a Clause or Clauses in this
agreement.

	2.	 	Grant of Option
	 
	 	 	In consideration of the sum of $1 (the receipt of which is hereby acknowledged by the
Company) the Company grants the Option Holder, the right to subscribe for the Option Shares
at the Subscription Price, on and subject to the terms and conditions herein contained.
	 
	3.	 	Subscription Price
	 
	 	 	The Subscription Price payable by the Option Holder for the Option Shares shall be €[Option
Price] per Option Share.

Page 2 of 4

 

	4.	 	Vesting & Exercising of Option

	 	4.1	 	The Options hereby granted shall become exercisable as follows :

	 	4.1.1	 	     % of the Option Shares shall vest and become exercisable on
the date of the Start of Vesting;
	 
	 	4.1.2	 	     % of the Option Shares shall vest and become exercisable on
the first anniversary of the date of the Start of Vesting;
	 
	 	4.1.3	 	     % of the Option Shares shall vest and become exercisable on
the second anniversary of the date of the Start of Vesting;
	 
	 	4.1.4	 	     % of the Option Shares shall vest and become exercisable on
the third anniversary of the date of the Start of Vesting;

	 	4.2	 	The Options may not be assigned, sold or otherwise transferred.
	 
	 	4.3	 	The Options may not in any circumstances be exercised after the Final Exercise Date.
	 
	 	4.4.	 	The Option (or all unexercised portions thereof)shall lapse on the earliest of the following dates:
4.4.1 the Final Exercise Date;

	 	4.4.2	 	the date on which a resolution is passed for voluntary
winding up of the Company or an order made for the compulsory winding up of
the Company;
	 
	 	4.4.3	 	within 45 (forty five) days from the Option Holder’s
resignation of his employment (or appointment) with the Company;
	 
	 	4.4.4	 	within 90 days of termination of the Options Holder’s
employment (or appointment) with the Company without cause
	 
	 	4.4.5	 	dismissal of the Option Holder’s employment (or appointment)
with the Company for breach of the Options Holder’s employment (or
appointment) contract, or for cause.

	5.	 	Exercise of Option

	 	5.1	 	The Option shall be exercisable by notice, in writing, given by the Option
Holder to the Company.
	 
	 	5.2	 	The notice of the exercise of the Option, under Clause 5.1, shall be
accompanied by a remittance, for the aggregate sum payable for the Option Shares in
respect of which the notice is being given, calculated at the Subscription Price.
	 
	 	5.3	 	Within 10 days of receipt of a notice of exercise under clause 5.1, and the
appropriate remittance under Clause 5.2, the Company shall issue the Shares in respect
of which the Option have been validly exercised, and shall issue a definitive
certificate in respect of the Shares issued.
	 
	 	5.4	 	Any Shares issued under Clause 5.3 shall rank pari passu and as one class
with the other issued Shares of the Company, save that they shall not be entitled to
any rights determined by reference to a date on or before the date of issuance.

Page 3 of 4

 

	 	5.5	 	at a time when the Shares or securities convertible into shares, are dealt in on
any stock exchange, the Company shall make the requisite application to such
exchange so as to qualify the shares for trading, provided that the Company shall
have a sole discretion as to whether to register the Shares for resale with the US
Securities & Exchange Commission.

	6.	 	Variation of share capital

	 	6.1	 	In the event of any capitalisation, consolidation, sub-division or reduction
in the share capital of the Company, or any rights issue or other variation of
capital, taking place after the date of this agreement, the number of Option Shares
comprised in the Option and/or the Subscription Price, may be varied in such a manner
as the directors of the Company shall determine and as (save in the event of a
capitalisation) the Auditors shall confirm in writing to be in their opinion fair and
reasonable, provided that no variation shall be made which would result in the
Subscription Price for an Option Share being less than its par value.
	 
	 	6.2	 	The Company shall notify the Option Holder of any variation under Clause 6.1.

	7.	 	General

	 	7.1	 	The Company will, at all times during the substance of this agreement, keep
available sufficient authorised and unissued shares to satisfy the exercise to the
full extent still possible, of the Option, taking account of any other obligations of
the Company to issue Shares.
	 
	 	7.2	 	This agreement may be terminated by the Company in the event of the operation
of clause 4.3 and/or 4.4, by serving a written notice to the Option Holder.
	 
	 	7.3	 	No variation to the terms of this agreement shall be effective, unless agreed
to, in writing, by the parties hereto.
	 
	 	7.4	 	Any notice or communication to be given under this Agreement may be delivered
or sent by ordinary post to the known address, and where a notice or a communication
is so sent, it shall be deemed to have been received by the recipient 72 hours after
having been put into the post, properly addressed and stamped first class.

AS WITNESS whereof this agreement has been entered into the day and year first before written.

SPARK NETWORK PLC

	 	 	 	 	 
	By:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	Its:
	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	THE OPTION HOLDER	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	[Name of Option Holder]	 	 

Page 4 of 4

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