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EXHIBIT 4.1

RIGHT MEDIA INC.

2005 STOCK OPTION PLAN

I. ESTABLISHMENT OF PLAN; DEFINITIONS

          1. Purpose. The purpose of this Right Media Inc. 2005 Stock Option Plan is to provide
an incentive to key Employees and non-Employee Directors of, and Consultants and other independent
advisors to, Right Media Inc., a Delaware corporation (the “Company”) or any of its Affiliates, who
are in a position to contribute materially to the long-term success of the Company, to increase
their interest in the welfare of the Company and its Affiliates and to aid in attracting and
retaining Employees, Directors and Consultants of outstanding ability.

          2. Definitions. Unless the context clearly indicates otherwise, the following terms
shall have the meanings set forth below:

          “Affiliate” shall mean any “subsidiary” (as defined in Section 424(f) of the Code) or “parent”
(as defined in Section 424(e) of the Code) of the Company.

          “Board” shall mean the Board of Directors of the Company.

          “Business” shall mean (i) the development and maintenance of an online advertising network
involving the sale of advertising space to advertisers across a group of internet web-sites, (ii)
the development and sale of advertising management technology designed to schedule, deliver,
optimize and report on delivery of online advertising campaigns and (iii) any other line of
business the Company is engaged in during the course of a particular Grantee’s tenure.

          “Cause” shall mean (i) for a Grantee who is a party to an employment or consulting agreement
with the Company or an Affiliate which agreement provides for a definition of “Cause” therein,
“Cause” shall have the same meaning as provided for in such agreement, or (ii) for a Grantee who is
not a party to such an agreement, “Cause” shall mean repeated failure to properly perform assigned
duties (after written notice of at least one such failure had previously been communicated to the
Grantee by the Company), gross negligence, commission of a felony or any act materially injurious
to the Company or an Affiliate involving dishonesty or breach of any duty of confidentiality or
loyalty.

          “Change of Control” shall mean (i) for a Grantee who is a party to an employment or consulting
agreement with the Company or an Affiliate which agreement provides for a definition of “Change of
Control” therein, “Change of Control” shall have the same meaning as provided for in such
agreement, or (ii) for a Grantee who is not a party to such an agreement, “Change of Control” shall
mean the satisfaction of any one or more of the following conditions (and the “Change of Control”
shall be deemed to have occurred as of the first day that any one or more of the following
conditions shall have been satisfied):

 

 

               (a) Any person (as such term is used in paragraphs 13(d) and 14(d)(2) of the Exchange Act,
hereinafter in this definition, “Person”), other than the Company or an Affiliate or an employee
benefit plan of the Company or an Affiliate, becomes the beneficial owner (as defined in Rule 13d-3
under the Exchange Act), directly or indirectly, of securities of the Company representing more
than 50% of the combined voting power of the Company’s then outstanding securities;

               (b) The closing of a merger, consolidation or other business combination (a “Business
Combination”) other than a Business Combination in which holders of common stock of the Company
immediately prior to the Business Combination have substantially the same proportionate ownership
of common stock of the surviving corporation immediately after the Business Combination as
immediately before;

               (c) The closing of the sale or disposition of all or substantially all of the Company’s assets
to any entity that is not an Affiliate;

               (d) The persons who were members of the Board immediately before a tender offer by any Person
other than the Company or an Affiliate, or before a merger, consolidation or contested election, or
before any combination of such transactions, cease to constitute a majority of the members of the
Board as a result of such transaction or transactions; or

               (e) Any other event which shall be deemed by a majority of the members of the Board to
constitute a “Change of Control.”

          “Code” shall mean the Internal Revenue Code of 1986, as it may be amended from time to time.

          “Committee” shall mean a committee designated by the Board which committee shall administer
the Plan as set forth in Section 4 of this Article I of the Plan; provided,
however, that if no such committee shall be so designated, the Board shall serve as the
Committee.

          “Company” shall mean Right Media Inc., a Delaware corporation.

          “Competitor” shall mean any person or entity engaged in the Business.

          “Consultant” shall mean any non-Employee consultant or advisor to the Company or an Affiliate
who has contracted directly with the Company or an Affiliate to render bona fide consulting or
advisory services thereto.

          “Director” shall mean any individual who is a member of the Board and/or a member of the board
of directors of an Affiliate, and who is not an Employee.

          “Disability” shall mean the inability to engage in any substantial gainful activity by reason
of any medically determinable physical or mental impairment which can be

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expected to result in death or which has lasted or can be expected to last for a continuous period
of not less than 12 months, all as described in Section 22(e)(3) of the Code.

          “Employee” shall mean any employee, including officers, of the Company or an Affiliate.

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

          “Fair Market Value” shall mean on any date, (i) if the Stock is not listed on a national
securities exchange or quoted on Nasdaq, the fair market value of the Stock on that date as
determined by the Board, or (ii) if the Stock is listed on a national securities exchange or is
quoted on Nasdaq, the closing price reported on the composite tape for issues listed on such
exchange on such date, or the closing price or the average of the closing dealer “bid” and “asked”
prices for the Stock as quoted on Nasdaq, or if no trades shall have been reported for such date,
on the next preceding date on which there were such trades reported; provided, however, that if no
quotations shall have been made within the 10 business days immediately preceding such date, Fair
Market Value shall be determined by the Board.

          “Family Member” shall mean, with respect to a Grantee, any child, stepchild, grandchild,
parent, stepparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law,
brother-in-law or sister-in-law, including adoptive relationships, any person sharing the Grantee’s
household (other than a tenant of the Grantee), a trust in which such persons have more than 50% of
the beneficial interest, a foundation in which such persons (or the Grantee) control the management
of assets and any other entity in which such persons (or the Grantee) own more than 50% of the
voting interests.

          “Grantee” shall mean an Employee, Director or Consultant who has been granted a Stock Option
under the Plan.

          “Incentive Stock Option” shall mean a Stock Option granted to an Employee pursuant to the
Incentive Stock Option provisions set forth in Article II of the Plan.

          “Nasdaq” shall mean the National Association of Securities Dealers Automated Quotation System.

          “Non-Qualified Stock Option” shall mean a Stock Option granted to an Employee, Director or
Consultant pursuant to the Non-Qualified Stock Option provisions set forth in Article III of the
Plan.

          “Option Period” shall mean as the period set forth in the applicable Stock Option Agreement.

          “Plan” shall mean this Right Media Inc. 2005 Stock Option Plan as set forth herein, along with
any appendices, exhibits or attachments incorporated herein, as amended from time to time.

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          “Rule 16b-3” shall mean Rule 16b-3 promulgated by the Securities Exchange Commission under
Section 16, or any successor rule.

          “Section 16” shall mean Section 16 of the Exchange Act or any successor statute.

          “Shares” shall mean shares of Stock.

          “Stock” shall mean authorized but unissued shares of the Common Stock of the Company, par
value $0.01 per share, or reacquired shares of the Company’s Common Stock.

          “Stock Option” shall mean an option, which shall include a Non-Qualified Stock Option and/or
Incentive Stock Option, granted pursuant to the Plan to purchase shares of Stock.

          “Stock Option Agreement” shall mean the written instrument evidencing the grant of one or more
Stock Options under the Plan and which shall contain the terms and conditions applicable to such
grant.

          “Ten Percent Shareholder” shall mean an Employee who at the time an Incentive Stock Option is
granted thereto owns stock possessing more than 10% of the total combined voting power of all stock
of the Company or of any of its Affiliates.

          3. Shares Subject to the Plan. There are hereby reserved for issuance under the Plan
seven thousand two hundred and fifty four (7,254) Shares. If a Stock Option shall expire and
terminate for any reason, in whole or in part, without being exercised, the number of Shares as to
which such expired or terminated Stock Option shall not have been exercised may again become
available for the grant of new Stock Options hereunder. No Employee may receive one or more Stock
Options in any calendar year for the purchase of more than three thousand (3,000). Shares. The
limitation set forth in the preceding sentence shall be applied in a manner which shall permit
compensation generated in connection with the exercise of Options to constitute “performance-based”
compensation for purposes of Section 162(m) of the Code, including, but not limited to, counting
against such maximum number of Shares, to the extent required under Section 162(m) of the Code, any
shares subject to Options that are canceled or repriced.

          4. Administration of the Plan. The Plan shall be administered by the Committee.
Subject to the express provisions of the Plan, the Committee shall have authority to determine the
eligibility of Employees, Directors and Consultants to participate in the Plan, to grant Stock
Options under the Plan and to determine whether Stock Options granted under the Plan to Employees
shall be Non-Qualified Stock Options or Incentive Stock Options, to interpret the Plan, to
prescribe, amend, and rescind rules and regulations relating to the Plan, to determine the terms
and provisions of Stock Option Agreements and to make all other determinations necessary or
advisable for the administration of the Plan. Any controversy or claim arising out of or related to
the Plan shall be determined unilaterally by and in the sole discretion of the Committee. Any
determination, decision or action of the Committee in connection with the construction,
interpretation, administration, implementation or maintenance of the Plan shall be final,
conclusive and binding upon all Grantees and all person(s) claiming under or through any Grantees.

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          Should the Stock become publicly traded, there shall be 2 Committees under the Plan. Solely
for the purpose of Stock Options granted under the Plan to (a) Employees and Directors who are
subject to Section 16; and/or (b) Employees who are “covered employees”
within the meaning of Section 162(m)(3) of the Code, a special Committee comprised solely of 2 or
more individuals who are both (i) “non-employee directors” (as such term is defined in Rule
16b-3(b)(3) promulgated by the Securities and Exchange Commission under the Exchange Act), and (ii)
“outside directors” (as such term is defined in Treasury Regulation § 1.162-27(e)(3), shall
administer the Plan to satisfy the applicable requirements of Treasury Regulation §
1.162-27(e)(2)(vi) and Rule 16b-3 with respect to such Employees and Directors. For all other
purposes of the Plan, the regular Committee shall administer the Plan.

          Notwithstanding anything contained in this Section 4 to the contrary, no member of the
Committee shall have the authority to render any decision with respect to his or her participation
in or entitlement to benefits under the Plan.

          5. Amendment or Termination. The Board may, at any time, alter, amend, suspend,
discontinue, or terminate the Plan; provided, however, that no such action shall adversely affect
the right of any Grantee under any Stock Option previously granted thereto hereunder.

          6. Effective Date of Plan. The Plan shall become effective on January 1, 2005,
subject to the Plan’s approval by the shareholders and the Board of the Company.

II. INCENTIVE STOCK OPTION PROVISIONS

          1. Granting of Incentive Stock Options.

               (a) Solely Employees shall be eligible to receive Incentive Stock Options under the Plan.

               (b) When granting an Incentive Stock Option, the Committee shall determine the purchase price
of the Stock subject thereto, provided that the purchase price of each share of Stock subject to an
Incentive Stock Option shall not be less than 100% of the Fair Market Value of a share of the Stock
on the date the Incentive Stock Option is granted; and, provided, further, that the
purchase price of each share of Stock subject to an Incentive Stock Option granted to a Ten Percent
Shareholder shall not be less than 110% of the Fair Market Value of a share of the Stock on the
date the Incentive Stock Option is granted.

               (c) No Incentive Stock Option shall be exercisable more than 10 years from the date the
Incentive Stock Option was granted; provided, however, that an Incentive Stock
Option granted to a Ten Percent Shareholder shall not be exercisable more than 5 years from the
date the Incentive Stock Option was granted.

               (d) The Committee shall determine and shall designate from time to time those Employees who
are to be granted Incentive Stock Options and shall specify the number of shares of Stock subject
to each Incentive Stock Option.

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               (e) Notwithstanding any other provision hereof, the aggregate Fair Market Value (determined at
the time of grant) of the Stock with respect to which Incentive- Stock Options are exercisable for
the first time by an Employee during any calendar year (under all such plans of the Company and its
Affiliates) shall not exceed $100,000.

               (f) The Committee, in its sole discretion, shall determine whether any particular Incentive
Stock Option shall become exercisable in one or more installments, shall specify the installment
dates, and, within the limitations herein provided, shall determine the total period during which
the Incentive Stock Option shall be exercisable. Further, the Committee may make such other
provisions as may be generally acceptable or desirable in the opinion of the Committee or necessary
to qualify the grants of Incentive Stock Options under the requirements of Section 422 of the Code.

               (g) The Committee may grant at any time new Incentive Stock Options to an Employee who has
previously received Incentive Stock Options or other Stock Options, whether such prior Incentive
Stock Options or other Stock Options are then outstanding, have previously been exercised in whole
or in part or are canceled in connection with the issuance of new Incentive Stock Options.

          2. Exercise of Incentive Stock Options. The purchase price of Stock subject to an
Incentive Stock Option shall be payable upon its exercise in cash or by certified check, bank draft
or postal or express money order. In addition, the Committee, in its discretion, may permit a
Grantee to make partial or full payment of the purchase price by utilization of a “cashless
exercise” or any other method made available by the Committee.

          3. Termination of Employment. Except as provided otherwise in the applicable Stock
Option Agreement (in which case the provisions of the Stock Option Agreement shall control over the
provisions of this Section 3):

               (a) Except as provided in paragraphs (b) and (c) below, if a Grantee’s employment with the
Company or Affiliate is terminated other than by the Company or Affiliate for Cause, only those
Incentive Stock Options held by the Grantee which were immediately exercisable at the termination
of the Grantee’s employment shall be exercisable by the Grantee following the termination of the
Grantee’s employment. Such Incentive Stock Options must be exercised within 30 days following such
termination of employment (but in no event after expiration of the Option Period) or they shall be
forfeited.

               (b) Notwithstanding anything to the contrary contained in paragraph (a) above, if a Grantee’s
employment with the Company or Affiliate is terminated by the Company or Affiliate for Cause, all
then outstanding Incentive Stock Options held by the Grantee shall expire immediately and such
Incentive Stock Options shall not be exercisable after the termination of the Grantee’s employment.

               (c) Notwithstanding anything to the contrary contained in paragraphs (a) and (b) above, if a
Grantee’s employment with the Company or an Affiliate is terminated on account of the Grantee’s
death or Disability, only those Incentive Stock Options held by the

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Grantee which were immediately exercisable at the date of the Grantee’s death or Disability, as
applicable, shall be exercisable by the Grantee, the representative of the Grantee’s estate or the
Grantee’s beneficiaries to whom the Incentive Stock Options have been transferred. Such Incentive
Stock Options must be exercised by the earlier of (i) 6 months from the date of the Grantee’s death
or Disability, as applicable, or (ii) the expiration of the Option Period, or they shall be
forfeited.

               (d) If, within thirty (30) days of the occurrence of a Change of Control, the
purchaser/surviving entity involved therein does not offer any Grantee employment on substantially
comparable terms (including, but not limited to, cash and equity compensation and benefits) to
those such Grantee had in connection with the Grantee’s employment with the Company or an Affiliate
immediately prior to the occurrence of the Change of Control, unless otherwise provided in
Grantee’s Incentive Stock Option Agreement, vesting under this Section 3(d) shall be determined in
the sole discretion of the Board.

          4. Failure to Satisfy ISO Requirements. Any Incentive Stock Option granted to an
Employee under the Plan which does not satisfy the applicable requirements of Section 422 of the
Code shall thereupon automatically, to the extent of such failure, be deemed to be a Non-Qualified
Stock Option for all purposes of the Plan.

III. NON-QUALIFIED STOCK OPTION PROVISIONS.

          1. Granting of Non-Qualified Stock Options.

               (a) Employees, Directors and Consultants shall be eligible to receive Non-Qualified Stock
Options under the Plan.

               (b) The Committee shall determine and shall designate from time to time those Employees,
Directors and/or Consultants who are to be granted Non-Qualified Stock Options and shall specify
the number of shares of Stock subject to each Non-Qualified Stock Option.

               (c) The Committee may grant at any time new Non-Qualified Stock Options to an Employee,
Director or Consultant who has previously received Non-Qualified Stock Options or other Stock
Options, whether such prior Non-Qualified Stock Options or other Stock Options are then
outstanding, have previously been exercised in whole or in part or are canceled in connection with
the issuance of new Non-Qualified Stock Options.

               (d) When granting a Non-Qualified Stock Option, the Committee shall determine the purchase
price of the Stock subject thereto.

               (e) The Committee, in its sole discretion, shall determine whether any particular
Non-Qualified Stock Option shall become exercisable in one or more installments, specify the
installment dates and, within the limitations herein provided, determine the total period during
which the Non-Qualified Stock Option shall be exercisable. Further, the

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Committee may make such other provisions as may be generally acceptable or desirable in the opinion
of the Committee.

          2. Exercise of Non-Qualified Stock Options. The purchase price of Stock subject to a
Non-Qualified Stock Option shall be payable upon its exercise in cash or by certified check, bank
draft or postal or express money order. In addition, the Committee, in its discretion, may permit a
Grantee to make partial or full payment of the purchase price by utilization of a “cashless
exercise” or any other method made available by the Committee.

          3. Termination of Employment, Director Status or Consulting Engagement. Except as
provided otherwise in the applicable Stock Option Agreement (in which case the provisions of the
Stock Option Agreement shall control over the provisions of this Section 3):

               (a) Except as provided in paragraphs (b) and (c) below, if the employment with the Company or
an Affiliate of a Grantee who is an Employee is terminated other than by the Company or Affiliate
for Cause, only those Non-Qualified Stock Options held by the Grantee which were immediately
exercisable at the termination of the Grantee’s employment shall be exercisable by the Grantee
following the termination of the Grantee’s employment. Such Non-Qualified Stock Options must be
exercised within 30 days following such termination of employment (but in no event after expiration
of the Option Period) or they shall be forfeited.

               (b) Notwithstanding anything to the contrary contained in paragraph (a) above, if the
employment with the Company or an Affiliate of a Grantee who is an Employee is terminated by the
Company or Affiliate for Cause, all then outstanding Non-Qualified Stock Options held by the
Grantee shall expire immediately and such Non-Qualified Stock Options shall not be exercisable
after the termination of the Grantee’s employment.

               (c) Notwithstanding anything to the contrary contained in paragraphs (a) and (b) above, if the
employment with the Company or an Affiliate of a Grantee who is an Employee is terminated on
account of the Grantee’s death or Disability, only those Stock Options held by the Grantee which
were immediately exercisable at the date of the Grantee’s death or Disability, as applicable, shall
be exercisable by the Grantee, the representative of the Grantee’s estate or the Grantee’s
beneficiaries to whom the Non-Qualified Stock Options have been transferred. Such Non-Qualified
Stock Options must be exercised by the earlier of (i) 6 months from the date of the Grantee’s death
or Disability, as applicable, or (ii) the expiration of the Option Period, or they shall be
forfeited.

               (d) If a Grantee’s status as a Director or engagement as a Consultant shall terminate other
than by the Company or Affiliate for Cause (including Grantee’s death or Disability), without such
Grantee thereupon becoming an Employee, only those Non-Qualified Stock Options held by the Grantee
which were immediately exercisable at the termination of the Grantee’s status as a Director or
engagement as a Consultant, as applicable, shall be exercisable by the Grantee following such
termination. Such Non-Qualified Stock Options must be exercised within 30 days after such
termination (but in no event after expiration of the Option Period) or they shall be forfeited.
Notwithstanding the foregoing, if a Grantee’s status as a Director or

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engagement as a Consultant shall terminate for Cause, all then outstanding Non-Qualified Stock
Options held by the Grantee shall expire immediately and such Non-Qualified Stock Options shall not
be exercisable after the termination of the Grantee’s status as a Director or engagement as a
Consultant.

               (e) Solely with respect to a Grantee who is an Employee, if, within thirty (30) days of the
occurrence of a Change of Control, the purchaser/surviving entity involved therein does not offer
such Grantee employment on substantially comparable terms (including, but not limited to, cash and
equity compensation and benefits) to those such Grantee had in connection with the Grantee’s
employment with the Company or an Affiliate immediately prior to the occurrence of the Change of
Control, unless otherwise provided in Grantee’s Stock Option Agreement, vesting under this Section
3(e) shall be determined in the sole discretion of the Board.

IV. SPECIAL RULES.

          1. Right of First Refusal. Solely during such time that the Stock is not publicly
traded, no Grantee (or beneficiary of a Grantee including but not limited to the Grantee’s estate)
may sell or otherwise transfer (except for inter vivos transfers to Family Members pursuant to
paragraph 2(d) of Section V) any Stock obtained thereby pursuant to the exercise of a Stock Option
hereunder without first (a) providing the Company with a written offer to sell the Stock to the
Company on the same terms as were offered to the Grantee (or the Grantee’s beneficiary) by a third
party (a copy of which third party offer shall be attached to the Grantee’s or beneficiary’s offer
to sell such Stock to the Company) for a sales price equal to that stated in the third party’s
purchase offer, and (b) waiting 60 days from the date of the Company’s receipt of such offer. If
the Company shall accept the Grantee’s or beneficiary’s offer in writing within said 60-day period,
the Grantee or beneficiary and the Company shall promptly effect such transaction. If the Company
does not provide a written acceptance of the Grantee’s or beneficiary’s offer within said 60 day
period, the Grantee or beneficiary shall be entitled to accept such third party’s offer and effect
such transaction.

          2. Call Option. Solely during such time that the Stock is not publicly traded, upon
the termination of (a) an Employee’s employment with the Company or an Affiliate, (b) a Director’s
membership on the Board or on the board of directors of an Affiliate or (c) a Consultant’s
consulting or advisory engagement by the Company or Affiliate, the Company shall have the right to
purchase from such individual or from such individual’s estate, for a period of 30 days following
the date of such termination, any Stock obtained thereby pursuant to the exercise of a Stock Option
hereunder for a purchase price equal to the exercise price paid by the Employee, Director or
Consultant, as the case may be, in connection with such Stock Option.

V. GENERAL PROVISIONS.

          1. Recapitalization Adjustments.

               (a) In the event of any change in capitalization affecting the Stock, including, without
limitation, a stock dividend or other distribution, stock split, reverse stock

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split, recapitalization, consolidation, subdivision, split-up, spin-off, split-off, combination or
exchange of shares or other form of reorganization or recapitalization, or any other change
affecting the Stock, the Board shall authorize and make such proportionate adjustments, if any, as
the Board shall deem appropriate to reflect such change, including, without limitation, with
respect to the aggregate number of shares of Stock for which Stock Options in respect thereof may
be granted under the Plan, the number of shares of Stock covered by each outstanding Stock Option,
and the purchase price per share of Stock in respect of outstanding Stock Options.

               (b) Any provision hereof to the contrary notwithstanding, in the event the Company is a party
to a merger or other reorganization, the Board shall determine the treatment of outstanding Stock
Options, which treatment may include the assumption of outstanding Stock Options by the surviving
company or its parent, their continuation by the Company (if the Company is the surviving company),
accelerated vesting and/or accelerated expiration or settlement in cash.

          2. General.

               (a) Each Stock Option shall be evidenced by a Stock Option Agreement which Agreement shall
require the Grantee to enter into and be bound by the terms of the Company’s Shareholders’
Agreement, if any.

               (b) The granting of a Stock Option in any year shall not give the Grantee any right to similar
grants in future years or any right to be retained as an Employee, Director or Consultant, and all
Grantees shall remain subject to discharge or removal to the same extent as if the Plan were not in
effect.

               (c) No Grantee, and no beneficiary or other person claiming under or through him, shall have
any right, title or interest by reason of any Stock Option to any particular assets of the Company,
or any shares of Stock allocated or reserved for the purposes of the Plan or subject to any Stock
Option, except as set forth herein.

               (d) No Stock Option shall or may be sold, exchanged, assigned, pledged, encumbered, or
otherwise hypothecated or disposed of except by will or the laws of descent and distribution, and a
Stock Option shall be exercisable during the Grantee’s lifetime solely by the Grantee or his
conservator. Notwithstanding the immediately preceding sentence, a Non-Qualified Stock Option (not
an Incentive Stock Option) may be transferred by the Grantee as an inter vivos gift to a Family
Member.

               (e) Notwithstanding any other provision of the Plan or agreements made pursuant thereto, the
Company’s obligation to issue or deliver any certificate or certificates for shares of Stock under
a Stock Option, and the transferability of Stock acquired by exercise of a Stock Option, shall be
subject to all of the following conditions:

          (i) Any registration or other qualification of such shares under any state or federal law or
regulation, or the maintaining in effect of any such registration or

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other qualification which the Board shall, in its absolute discretion upon the advice of counsel,
deem necessary or advisable;

          (ii) The obtaining of any other consent, approval or permit from any state or federal
governmental agency which the Board shall, in its absolute discretion upon the advice of counsel,
determine to be necessary or advisable; and

          (iii) Each stock certificate issued pursuant to a Stock Option shall bear such legends which
the Company shall determine, in its absolute discretion, are necessary or advisable, or which in
the opinion of counsel to the Company are required under applicable federal or state securities
laws.

               (f) All payments to Grantees or to their legal representatives shall be subject to any
applicable tax, community property or other statutes or regulations of the United States or of any
state having jurisdiction thereover. If the Grantee is an Employee, the Grantee may be required to
pay to the Company the amount of any withholding taxes which the Committee, in its sole discretion,
deems necessary to be withheld in order to comply with any applicable statutes or regulations with
respect to a Stock Option or its exercise. In the event that such payment is not made when due, the
Company shall have the right to deduct, to the extent permitted by law, from any payment or
settlement of any kind otherwise due to such person, all or part of the amount required to be
withheld. The Company shall not be required to issue Stock pursuant to the exercise of a Stock
Option until such applicable obligations, if any, shall have been satisfied.

               (g) The Company shall issue any Stock certificates required to be issued in connection with
the exercise of a Stock Option with reasonable promptness following such exercise.

               (h) The Plan and the grant or exercise of Stock Options granted under the Plan shall be
subject to, and shall in all respects comply with, the applicable laws of Delaware.

               Should the participation of any Employee or Director in the Plan be subject to Section 16, it is
the express intent of the Company that the Plan and the Stock Options granted under the Plan
satisfy and be interpreted in a manner to achieve the result that the applicable requirements of
Rule 16b-3 shall be satisfied with respect to such Employees and Directors, with the result that
such Employees and Directors shall be entitled to the benefits of Rule 16b-3 or other applicable
exemptive rules under Section 16. If any provision of the Plan or of any Stock Option would
otherwise frustrate or conflict with the intent of the Company set forth in the immediately
preceding sentence, to the extent possible, such provision shall be interpreted and deemed amended
so as to avoid such conflict, and, to the extent of any remaining irreconcilable conflict with such
intent, the provision shall, solely with respect to Employees and Directors subject to Section 16,
be deemed void.

               (i) It is the express intention of the Company that the Plan and the Stock Options granted
under the Plan to Employees subject to the restrictions contained in

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Section 162(m) of the Code satisfy and be interpreted in a manner to achieve the result that the
grant of such Stock Options shall constitute “performance-based compensation” for purposes of
Section 162(m) of the Code. If any provision of the Plan or of any Stock Option would otherwise
frustrate or conflict with the intent of the Company set forth in the immediately preceding
sentence, to the extent possible, such provision shall be interpreted and deemed amended so as to
avoid such conflict, and to the extent of any remaining irreconcilable conflict with such intent,
the provision shall, solely with respect to Employees subject to the restrictions contained in
Section 162(m) of the Code, be deemed void.

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APPENDIX A

TO

RIGHT MEDIA INC. 2005 STOCK OPTION PLAN

(for California residents)

This Appendix A to the Right Media Inc. 2005 Stock Option Plan will apply only to Stock Options
granted under the Plan to persons who are residents of the State of California. Capitalized terms
contained herein will have the same meanings given to them in the Plan, unless otherwise provided
in this Appendix A. Notwithstanding any provisions contained in the Plan to the contrary and to the
extent required by Section 25102(o) of the California Corporations Code and the regulations
promulgated thereunder (“25102(o)”), the following terms will apply to all Stock Options granted to
residents of the State of California, until such time as the Board amends this Appendix A or the
Board otherwise provides. This Appendix A shall be deemed a part of the Plan and may be amended by
the Board in accordance with Section 5 of Article I of the Plan.

               (a) Non-Qualified Stock Options (“NSOs”) may be granted to Employees, Directors and
Consultants. Incentive Stock Options (“ISOs”) may be granted only to Employees.

               (b) The exercise price per Share of the Stock subject to an NSO shall not be less than 85% of
the Fair Market Value of a Share on the date of grant. Any person who owns more than 10% of the
total combined voting power of all classes of outstanding stock of the Company or any of its
Affiliates shall not be eligible to receive an NSO unless the exercise price per Share is at least
110% of Fair Market Value of a Share on the date of grant.

               (c) The term of any Stock Option shall not exceed 10 years from the date of grant.

               (d) Stock Options shall be transferable by the Grantee only by (i) a beneficiary designation,
(ii) a will or (iii) the laws of descent and distribution, except as provided in the next sentence.
If the applicable Stock Option Agreement so provides, an NSO shall also be transferable by the
Grantee as permitted by Rule 701 of the Securities Act of 1933, as amended.

               (e) In the event of a change in the capitalization affecting the Stock described in Section
1(a) of Article V of the Plan, the Board shall make the adjustments described in that Section to
the extent required by 25102(o).

               (f) In the case of a Grantee who is not an officer of the Company, a Director or Consultant, a
Stock Option shall become exercisable at least as rapidly as 20% per year over the five-year period
commencing on the date of grant.

               (g) If a Grantee’s service as an Employee, Director or Consultant terminates for any reason
other than Cause, then the Grantee’s Stock Options shall remain exercisable (to the extent vested
and exercisable on the termination date) as provided in the Plan, but at least until the earliest
of the following occasions: (i) the expiration date of the NSO or

 

 

ISO; (ii) the date 30 days after
the termination of the Grantee’s Service for any reason other than death or Disability; or (iii)
the date six months after the termination of the Grantee’s Service by reason of death or
Disability.

               (h) No Stock Options shall be granted under the Plan to California residents after the later
of (i) the Plan’s adoption by the Board or (ii) the most recent increase in the number of Shares
reserved under Section 3 that was approved by the Company’s stockholders. If the Company’s
stockholders fail to approve the Plan within 12 months after its adoption by the Board, then any
grants, exercises or sales that have already occurred under the Plan shall be rescinded and no
additional grants, exercises or sales shall thereafter be made under the Plan.

               (i) The Company each year shall furnish to Grantees and stockholders who have received Stock
under the Plan its balance sheet and income statement, unless such Grantees or stockholders are key
Employees whose duties with the Company assure them access to equivalent information. Such balance
sheet and income statement need not be audited.

               (j) Any Shares issued upon exercise of a Stock Option shall be subject to such special
forfeiture conditions, rights of repurchase, rights of first refusal and other transfer
restrictions as the Board may determine. Such restrictions shall apply in addition to any
restrictions that may apply to holders of Shares generally. In the case of a Grantee who is not an
officer of the Company, a Director or a Consultant:

          (i) Any right to repurchase the Grantee’s Shares at the original exercise price upon
termination of the Grantee’s service shall lapse at least as rapidly as 20% per year over the
five-year period commencing on the date of the option grant;

          (ii) Any such right may be exercised only for cash or for cancellation of indebtedness
incurred in purchasing the Shares; and

          (iii) Any such right may be exercised only within 90 days after the later of (A) the
termination of the Grantee’s service or (B) the date of the option exercise.

               (k) The Shares issued upon exercise of a Stock Option shall be subject to the Call Option
described in Section 2 of Article IV of the Plan except that the following additional rules shall
apply to such Call Option: (i) the Call Option shall lapse with respect to 20% of the Shares
subject to the Stock Option each year over the 5-year period commencing on the date of option
grant, (ii) if the Call Option has lapsed in accordance with clause (i), then until such time as
the Company’s Stock is publicly
traded, the Company shall have the right to repurchase the Shares issued upon exercise of a Stock
Option at the Fair Market Value of the Company’s Stock on the date of repurchase and (iii) such
Call Option shall comply with clause (j) above.

2exv4w2

 

EXHIBIT 4.2

RIGHT MEDIA INC.

2007 RESTRICTED STOCK UNIT PLAN

1. Purposes of the Plan. The purposes of this 2007 Restricted Stock Unit Plan are
to attract and retain the best available personnel for positions of substantial
responsibility, to provide additional incentive to Employees of the Company and its
Subsidiaries and to promote the success of the Company’s business. To accomplish the
foregoing, the Plan provides that the Company may grant Restricted Stock Units (as
hereinafter defined).

2. Definitions. As used herein, the following definitions shall apply:

“Administrator” means the Board or any of its Committees appointed pursuant to Section 4 of
the Plan.

“Applicable Laws” means any legal requirements of all state and federal laws, including
without limitation securities laws and the Code, in any event, relating to the
administration of stock incentive plans such as the Plan.

“Award” means an award of Restricted Stock Units (as defined below).

“Board” means the Board of Directors of the Company.

“Code” means the Internal Revenue Code of 1986, as amended.

“Committee” means the Committee appointed by the Board of Directors in accordance with
Section 4(a) of the Plan.

“Common Stock” means the common stock of the Company.

“Company” means Right Media Inc., a Delaware corporation.

“Consultant” means any person, but not including a Non-Employee Director, who is engaged by
the Company, Parent or Subsidiary to render services and is compensated for such services.

“Continuous Status as an Employee or Consultant” means the absence of any interruption or
termination of service as an Employee or Consultant. Continuous Status as an Employee or
Consultant shall not be considered interrupted in the case of: (i) sick leave; (ii)
military leave; (iii) any other leave of absence approved by the Administrator, provided
that such leave is for a period of not more than ninety (90) days, unless reemployment upon
the expiration of such leave is guaranteed by contract or statute, or unless provided
otherwise pursuant to Company policy adopted from time to time; or (iv) in the case of
transfers between locations of the Company or between the Company, Parent and Subsidiaries
or their respective successors. For purposes of this Plan, a change in
status from an Employee to a Consultant or from a Consultant to an Employee will not
constitute an interruption of Continuous Status as an Employee or Consultant. If an

 

 

 entity ceases to be a Subsidiary, an interruption of Continuous Status as an Employee or
Consultant shall not be deemed to have occurred with respect to each Employee or Consultant
in respect of such Subsidiary who immediately becomes an Employee or Consultant of the
Company, Parent or another Subsidiary that does not cease to be a Subsidiary after giving
effect to the transaction or other event giving rise to the change in status.

“Director” means a member of the Board.

“Employee” means any person, including Named Executives, Officers and Directors, employed
by the Company, Parent or Subsidiary, with the status of employment determined based upon
such minimum number of hours or periods worked as shall be determined by the Administrator
in its discretion, subject to any requirements of the Code. The payment of a director’s fee
by the Company to a Director shall not be sufficient to constitute “employment” of the
Director by the Company.

“Exchange Act” means the Securities Exchange Act of 1934, as amended.

“Fair Market Value” means, as of any date, the fair market value of Common Stock determined
as follows:

	 	(i)	 	If the Common Stock is listed on any established stock exchange or a
national market system including without limitation the Nasdaq Global Market
and Nasdaq Global Select Market, its Fair Market Value shall be the closing
sales price for such stock as quoted on such exchange or such system on the
date of determination (if for a given day no sales were reported, the closing
bid on that day shall be used), as such price is reported in The Wall Street
Journal or such other source as the Administrator deems reliable;
	 
	 	(ii)	 	If the Common Stock is listed on The Nasdaq Stock Market (but not on
the Nasdaq Global Market or Nasdaq Global Select Market thereof) or regularly
quoted by a recognized securities dealer but selling prices are not reported,
its Fair Market Value shall be the mean between the bid and asked prices for
the Common Stock on the date of determination, as reported in The Wall Street
Journal or such other source as the Administrator deems reliable; or
	 
	 	(iii)	 	In the absence of an established market for the Common Stock, the
Fair Market Value thereof shall be determined in good faith by the
Administrator in compliance with any applicable legal, tax (including, without
limitation, Section 409A of the Code) and accounting requirements.

“Non-Employee Director” means a Director who is not an Employee.

“Officer” means an officer of the Company, Parent or Subsidiary.

2

 

“Parent” means a “parent corporation” of the Company, whether now or hereafter existing, as
defined in Section 424(e) of the Code, or any successor provision.

“Plan” means this 2007 Restricted Stock Unit Plan, as amended from time to time.

“Reporting Person” means an Officer, Director, or greater than ten percent stockholder of
the Company, Parent or Subsidiary within the meaning of Rule 16a-2 under the Exchange Act,
who is required to file reports pursuant to Rule 16a-3 under the Exchange Act.

“Restricted Stock Unit” means the right to receive in cash or Shares the Fair Market Value
of a Share granted pursuant to Section 8 of the Plan.

“Rule 16b-3” means Rule 16b-3 promulgated under the Exchange Act, as the same may be
amended from time to time, or any successor provision.

“Share” means a share of the Common Stock, as adjusted in accordance with Section 10 of the
Plan.

“Stock Exchange” means any stock exchange or consolidated stock price reporting system on
which prices for the Common Stock are quoted at any given time.

“Subsidiary” means a “subsidiary corporation” of the Company (“Subsidiaries” meaning more
than one “subsidiary corporation”) whether now or hereafter existing, as defined in Section
424(f) of the Code, or any successor provision.

3. Stock Subject to the Plan. The Shares may be authorized, but unissued, or
reacquired Common Stock. The maximum aggregate number of Shares that may be issued under
the Plan is 6,666,666 Shares. The foregoing numerical limit is subject to adjustment as
contemplated by Section 10.

4. Administration of the Plan.

	(a)	 	The Administrator. The Plan shall be administered by and all Awards under
the Plan shall be authorized by the Administrator. The “Administrator” means the Board
or one or more committees appointed by the Board or another committee (within its
delegated authority) to administer all or certain aspects of the Plan. Any such
committee shall be comprised solely of one or more Directors or such number of
Directors as may be required under Applicable Law. A committee may delegate some or
all of its authority to another committee so constituted. The Board or a committee
comprised solely of Directors may also delegate, to the extent
permitted by Section 157(c) of the Delaware General Corporation Law and any other
Applicable Law, to one or more Officers of the Company or Parent, its powers under
the Plan (a) to designate the Employees other than an Officer who is a Reporting
Person who will receive grants of Awards under the Plan, and (b) to determine the
number of Shares subject to, and the other terms and conditions of, such Awards.
The Board may delegate different levels of authority to different committees with
administrative and grant authority under the Plan. Unless otherwise provided in the
Bylaws of the Company or the applicable charter of any 

3

 

	 	 	Administrator: (a) a
majority of the members of the acting Administrator shall constitute a quorum, and
(b) the vote of a majority of the members present assuming the presence of a quorum
or the unanimous written consent of the members of the Administrator shall
constitute action by the acting Administrator.
	 
	 	 	With respect to awards intended to satisfy the requirements for
performance-based compensation under Section 162(m) of the Code, the Plan shall be
administered by a committee consisting solely of two or more outside directors (as
this requirement is applied under Section 162(m) of the Code); provided, however,
that the failure to satisfy such requirement shall not affect the validity of the
action of any other committee otherwise duly authorized and acting in the matter.
Award grants, and transactions in or involving Awards, intended to be exempt under
Rule 16b-3 promulgated under the Exchange Act, must be duly and timely authorized
by the Board or a committee consisting solely of two or more non-employee directors
(as this requirement is applied under Rule 16b-3 promulgated under the Exchange
Act). To the extent required by any applicable Stock Exchange, the Plan shall be
administered by a committee composed entirely of independent directors (within the
meaning of the applicable Stock Exchange rules).
	 
	(b)	 	Powers of the Administrator. Subject to the provisions of the Plan and in
the case of a Committee, the specific duties delegated by the Board to such Committee,
and subject to the approval of any relevant authorities, including the approval, if
required, of any Stock Exchange, the Administrator shall have the authority, in its
discretion:

	 	(i)	 	to determine the Fair Market Value of the Common Stock, in accordance
with the definition of such term set forth above;
	 
	 	(ii)	 	to select the Consultants and Employees to whom Awards may from time
to time be granted hereunder;
	 
	 	(iii)	 	to determine whether and to what extent Awards are granted
hereunder;
	 
	 	(iv)	 	to determine the number of Shares of Common Stock, if any, to be
covered by each Award granted hereunder;
	 
	 	(v)	 	to approve forms of agreements, not inconsistent with the terms of
the Plan, for use under the Plan;
	 
	 	(vi)	 	to determine the terms and conditions, not inconsistent with the
terms of the Plan, of any Award granted hereunder, including, but not limited
to, the Share price and any restriction or limitation, the vesting of any
Award or the acceleration of vesting or waiver of a forfeiture restriction,
based in each case on such factors as the Administrator shall determine, in
its sole discretion;

4

 

	 	(vii)	 	to determine whether and under what circumstances an Award may be
settled in cash or other consideration instead of Common Stock;
	 
	 	(viii)	 	to adjust the number of Shares subject to any Award or change
previously imposed terms and conditions, in such circumstances as the
Administrator may deem appropriate, in each case subject to Sections 3 and 13;
	 
	 	(ix)	 	to construe and interpret the terms of the Plan and Awards granted
pursuant to the Plan; and
	 
	 	(x)	 	in order to fulfill the purposes of the Plan and without amending the
Plan, to modify Awards to participants who are foreign nationals or employed
outside of the United States in order to recognize differences in applicable
local law, tax policies or customs.

	(c)	 	Effect of Administrator’s Decision. All decisions, determinations and
interpretations of the Administrator shall be final and binding on all holders of any
Award.

5. Eligibility.

	(a)	 	Recipients of Grants. Awards may be granted to eligible Employees and
Consultants. An Employee or Consultant who has been granted an Award may, if he or
she is otherwise eligible, be granted additional Awards.

	(b)	 	No Employment Rights. The Plan shall not confer upon any Award recipient
any right with respect to continuation of employment or consulting relationship with
the Company, nor shall it interfere in any way with such recipient’s right or the
Company’s right to terminate his or her employment or consulting relationship at any
time, with or without cause.

6. Term of Plan. The Plan shall become effective upon the earlier to occur of its
adoption by the Board or its approval by the stockholders of the Company as described in
Section 17 of the Plan. It shall continue in effect until July 2, 2017, unless sooner
terminated under Section 13 of the Plan.

7. Term of Awards. The term of each Award shall be the term stated in the written
agreement evidencing such Award.

8. Restricted Stock Units.

	(a)	 	General. Restricted Stock Units may be issued either alone, in addition
to, or in tandem with cash awards made outside of the Plan. After the Administrator
determines that it will grant Restricted Stock Units under the Plan, it shall advise
the recipient in writing of the terms, conditions and restrictions related to the
offer (which may include restrictions based on performance criteria, passage of time
or other factors or a combination thereof), and the number of Restricted Stock Units
that such person shall be entitled to receive. The offer shall be accepted by

5

 

	 	 	execution of a Restricted Stock Units Award agreement in the form determined by the
Administrator.

	(b)	 	Rights as a Stockholder. A recipient who is awarded Restricted Stock Units
shall possess no incidents of ownership with respect to the Shares represented by such
Restricted Stock Units, unless and until the same are transferred to the recipient
pursuant to the terms of the Restricted Stock Unit.

	(c)	 	Other Provisions. The Restricted Stock Units Award agreement shall contain
such other terms, provisions and conditions not inconsistent with the Plan as may be
determined by the Administrator in its sole discretion. In addition, the provisions of
Restricted Stock Units Award agreements need not be the same with respect to each
Award or each recipient who is awarded Restricted Stock Units.

9. Tax Withholding. Upon any vesting or payment of an Award, the Company, Parent or
Subsidiary shall have the right at its option to:

	(a)	 	require the Award recipient (or the recipient’s personal representative or
beneficiary, as the case may be) to pay or provide for payment of the minimum amount
of any taxes which the Company, Parent or Subsidiary may be required to withhold with
respect to such Award event or payment; or

	(b)	 	deduct from any amount otherwise payable in cash to the Award recipient (or
the recipient’s personal representative or beneficiary, as the case may be) the
minimum amount of any Award recipient’s taxes which the Company, Parent or Subsidiary
may be required to withhold with respect to such cash payment.
	 
	 	 	In any case where a tax is required to be withheld in connection with the delivery
of Shares under the Plan, the Administrator may in its sole discretion (subject to
Applicable Laws) grant (either at the time of the Award or thereafter) to the Award
recipient the right to elect, pursuant to such rules and subject to such conditions
as the Administrator may establish, to (i) have the Company reduce the number of
Shares to be
delivered by (or otherwise reacquire from the recipient) the appropriate number of
Shares, valued in a consistent manner at their Fair Market Value or at the sales
price in accordance with authorized procedures for cashless exercises, necessary to
satisfy the minimum applicable withholding obligation on vesting or payment, or
(ii) surrender to the Company Shares which (A) in the case of Shares initially
acquired from the Company, have been owned by the Award recipient for such period
of time (if any) as may be required to avoid a charge to the Company’s earnings,
and (B) have a Fair Market Value equal to the minimum amount required to be
withheld. For these purposes, the Fair Market Value of the Shares to be withheld or
repurchased, as applicable, shall be determined on the date that the amount of tax
to be withheld is to be determined pursuant to the Code (the “Tax Date”).

6

 

	 	 	Any surrender by a Reporting Person of previously owned Shares to satisfy tax
withholding obligations incurred in connection with an Award granted under the Plan
must comply with the applicable provisions of Rule 16b-3.
	 
	 	 	All elections by an Award recipient to have Shares withheld to satisfy tax
withholding obligations shall be made in writing in a form acceptable to the
Administrator and shall be subject to the following restrictions: (i) the election
must be made on or prior to the applicable Tax Date; (ii) once made, the election
shall be irrevocable as to the particular Shares for which the election is made;
and (iii) all elections shall be subject to the consent or disapproval of the
Administrator.

10. Adjustments Upon Changes in Capitalization, Corporate Transactions.

	(a)	 	Changes in Capitalization. Subject to any required action by the
stockholders of the Company, (i) the number and type of shares of Common Stock (or
other securities) covered by each outstanding Award, (ii) the number and type of
shares of Common Stock (or other securities) that have been authorized for issuance
under the Plan but as to which no Awards have yet been granted or that have been
returned to the Plan upon cancellation or expiration of an Award or otherwise and/or
(iii) the maximum number of shares of Common Stock for which Awards may be granted to
any Employee under the Plan, shall be equitably and proportionately adjusted for any
increase or decrease in the number of issued shares of Common Stock resulting from a
stock split, reverse stock split, stock dividend, combination, recapitalization or
reclassification of the Common Stock, or any other increase or decrease in the number
of issued shares of Common Stock effected without receipt of consideration by the
Company; provided, however, that conversion of any convertible securities of the
Company shall not be deemed to have been “effected without receipt of consideration.”
Such adjustment shall be made by the Board, whose determination in that respect shall
be final, binding and conclusive. Except as expressly provided herein, no issuance by
the Company of shares of stock of any class, or securities convertible into shares of
stock of any class, shall affect, and no adjustment by reason thereof shall be made
with respect to, the number or price of shares of Common Stock (or other
securities) subject to an Award.
	 
	 	 	It is intended that, if possible, any adjustments contemplated by the preceding
paragraph be made in a manner that satisfies applicable legal, tax (including,
without limitation, Section 409A of the Code) and accounting (so as not to trigger
any charge to earnings with respect to such adjustment) requirements. Without
limiting the generality of the preceding sentence or of Section 4(c), any good
faith determination by the Administrator as to whether an adjustment is required
pursuant to this Section 10(a), and the extent and nature of any such adjustment,
shall be conclusive and binding on all persons.

	(b)	 	Corporate Transactions. In the event of the proposed dissolution or
liquidation of the Company, each Award will terminate immediately prior to the

7

 

	 	 	consummation of such proposed action, unless otherwise provided by the Administrator.
Additionally, the Administrator may, in the exercise of its sole discretion in such
instances, declare that any Award shall terminate as of a date fixed by the
Administrator. In the event of a proposed sale of all or substantially all of the
assets of the Company, or the merger of the Company with or into another corporation,
each Award shall be assumed or an equivalent Award shall be substituted by such
successor corporation or a parent or subsidiary of such successor corporation.

11. Non -transferability of Awards. An Award may not be sold, pledged, assigned,
hypothecated, transferred, or disposed of in any manner other than by will or by the laws
of descent or distribution. Except as otherwise provided by the Administrator, an Award may
only be purchased during the lifetime of the recipient of the Award.

12. Time of Granting of an Award. The date of grant of an Award shall, for all
purposes, be the date on which the Administrator makes the determination granting such
Award, or such other later date as is determined by the Administrator in compliance with
applicable legal, tax (including, without limitation, Section 409A of the Code) and
accounting requirements. Notice of the grant determination shall be given to each Employee
or Consultant to whom an Award is so granted within a reasonable time after the date of
such grant.

13. Amendment and Termination of the Plan.

	(a)	 	Amendment and Termination. Subject to 13(c) below, the Board may amend,
alter, suspend, discontinue, or terminate the Plan or any portion thereof at any time;
provided, that no such amendment, alteration, suspension, discontinuation or
termination shall be made without
stockholder approval if such approval is necessary to comply with any tax,
securities or regulatory law or requirement or any applicable Stock Exchange
requirement with which the Board intends the Plan to comply or if such amendment
constitutes a “material amendment.” For purposes of the Plan, a “material
amendment” shall mean an amendment that (i) materially increases the benefits
accruing to participants under the Plan, (ii) materially increases the number of
securities that may be issued under the Plan, (iii) materially modifies the
requirements for participation in the Plan, or (iv) is otherwise deemed a material
amendment by the Administrator pursuant to any Applicable Law or applicable
accounting or Stock Exchange rules.

	(b)	 	Amendments to Awards. Without limiting any other express authority of the
Administrator under (but subject to) the express limits of the Plan, the Administrator
by agreement or resolution may waive conditions of or limitations on Awards that the
Administrator in the prior exercise of its discretion has imposed, without the consent
of the Award recipient, and (subject to the requirements of Section 13(c)) may make
other changes to the terms and conditions of Awards.

8

 

	(c)	 	Limitations on Amendments to Plan and Awards. No amendment, suspension or
termination of the Plan or change of or affecting any outstanding Award shall, without
written consent of the Award recipient, affect in any manner substantially adverse to
such recipient any rights or benefits of such recipient or obligations of the Company
under any Award granted under the Plan prior to the effective date of such change.
Changes, settlements and other actions contemplated by Section 10 shall not be deemed
to constitute changes or amendments for purposes of this Section 13(c).

14. Compliance with Laws. The Plan, the granting and vesting of Awards under the Plan,
the offer, issuance and delivery of shares of Common Stock, and/or the payment of money
under the Plan or under Awards are subject to compliance with all applicable federal, state
and foreign laws, rules and regulations (including but not limited to state and federal
securities law and federal margin requirements) and to such approvals by any listing,
regulatory or governmental authority as may, in the opinion of counsel for the Company, be
necessary or advisable in connection therewith. The person acquiring any securities under
the Plan will, if requested by the Company, Parent or a Subsidiary, provide such
assurances and representations to the Company, Parent or Subsidiary as the Administrator
may deem necessary or desirable to assure compliance with all Applicable Law and accounting
requirements.

15. Reservation of Shares. The Company, during the term of this Plan, will at all
times reserve and keep available such number of Shares as shall be sufficient to satisfy
the requirements of the Plan. The inability of the Company to obtain authority from any
regulatory body having jurisdiction, which authority is deemed
by the Company’s counsel to be necessary to the lawful issuance and sale of any Shares
hereunder and which Company has made a commercially reasonable effort to obtain, shall
relieve the Company of any liability in respect of the failure to issue or sell such Shares
as to which such requisite authority shall not have been obtained.

16. Agreements. Awards shall be evidenced by written agreements in such form as the
Administrator shall approve from time to time and which shall not be inconsistent with the
terms of this Plan.

17. Stockholder Approval. Continuance of the Plan shall be subject to approval by
the stockholders of the Company within twelve (12) months before or after the date the Plan
is adopted. Such stockholder approval shall be obtained in the manner and to the degree
required under applicable federal and state law and the rules of any stock exchange upon
which the Shares are listed.

18. Unfunded Status of Plan. The Plan is intended to constitute an “unfunded” plan
for incentive compensation. With respect to any payments not yet made to a participant by
the Company, nothing contained herein shall give any such participant any rights that are
greater than those of a general creditor of the Company.

9

 

19. Governing Law. The Plan and all determinations made and actions taken pursuant
hereto shall be governed by the laws of the State of Delaware, without giving effect to the
conflict of laws principles thereof.

10

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