EFFECTIVE DATE: APRIL 23, 2001 FORM OF ASSUMPTION AGREEMENT DOUBLECLICK INC. SHARE OPTION ASSUMPTION AGREEMENT Dear _____________: As you know, on April 23, 2001 (the "Closing Date") DoubleClick Inc. ("DoubleClick") acquired FloNetwork Inc....Assumption Agreement • May 11th, 2001 • Doubleclick Inc • Services-advertising
As you know, on April 23, 2001 (the "Closing Date") DoubleClick Inc. ("DoubleClick") acquired FloNetwork Inc. ("FloNetwork") (the "Acquisition"). On the Closing Date you held one or more outstanding options to purchase FloNetwork common shares granted to you under the FloNetwork Inc. Share Incentive Plan (the "Plan") and documented with one or more Share Option Agreement(s) (collectively, the "Option Agreement") issued to you under the Plan (the "FloNetwork Options"). In accordance with the Acquisition, on the Closing Date, DoubleClick assumed all obligations of FloNetwork under the FloNetwork Options. As such, each outstanding FloNetwork Option has been converted into an option to purchase .229726 of a share of DoubleClick common stock (the "Exchange Ratio"), with the exercise price adjusted accordingly and converted into U.S. dollars based on a currency exchange rate of 1.5463, (the U.S. dollar/Canadian dollar Noon Spot Rate exchange rate effective 12:00 p.m. Eastern Standard Time on
