[NON-PLAN] UPROAR LTD. NOTICE OF GRANT OF SHARE OPTION Notice is hereby given of the following option grant (the "Option") to purchase Shares of Uproar Ltd. (the "Corporation"): Optionee: ___________________________________________________ Grant Date: _________________________________________________ Vesting Commencement Date: _________________________________ Exercise Price: $___________________ per share Number of Option Shares: ____________ Shares Expiration Date: ____________________________________________ Type of Option: ________ Incentive Share Option ________ Non-Statutory Share Option Date Exercisable: The Option shall become exercisable with respect to (i) fifty percent (50%) of the Option Shares upon Optionee's completion of two (2) years of Service measured from the Vesting Commencement Date and (ii) the balance of the Option Shares in a series of twelve (12) successive equal monthly installments upon Optionee's completion of each additional month of Service over the twelve (12) month period measured from the second anniversary of the Vesting Commencement Date. In no event shall any additional Option Shares vest after Optionee's cessation of Service. Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the Share Option Agreement attached hereto as Exhibit A. Optionee understands that any Option Shares purchased under the Option shall be subject to the terms set forth in the Share Purchase Agreement attached hereto as Exhibit B. RIGHTS OF FIRST REFUSAL. OPTIONEE HEREBY AGREES THAT ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF THE OPTION SHALL BE SUBJECT TO CERTAIN RIGHTS OF FIRST REFUSAL EXERCISABLE BY THE CORPORATION AND ITS ASSIGNS. THE TERMS OF SUCH RIGHTS ARE SPECIFIED IN THE ATTACHED SHARE PURCHASE AGREEMENT. No Employment or Service Contract. Nothing in this Notice or in the attached Share Option Agreement shall confer upon Optionee any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining Optionee) or of Optionee, which rights are hereby expressly reserved by each, to terminate Optionee's Service at any time for any reason, with or without cause. Definitions. All capitalized terms in this Notice shall have the meaning assigned to them in this Notice or in the attached Share Option Agreement. DATED: __________________, 199_ UPROAR LTD. By: __________________________________ Title: __________________________________ _________________________________________ OPTIONEE Address: ________________________________ _________________________________________ ATTACHMENTS Exhibit A - Share Option Agreement Exhibit B - Share Purchase Agreement 2