Asiaone 1-42

APPENDIX B
(b) in the case of an Option granted to a Non-Executive Director, a
period commencing on the date falling six months after the Listing
Date, and expiring on the fifth anniversary of the Date of Grant
of that Option,
subject as provided in Rules 6, 7 and 10 and any other conditions as
may be introduced by the Committee from time to time.
“Exercise Price” The price at which a Participant shall subscribe for each Ordinary
Share upon the exercise of an Option which shall be the price as
determined in accordance with Rule 4.
“Fair Market Value” The fair market value for each Ordinary Share as determined by the
Committee in its absolute discretion.
“Grantee” The person to whom an offer of an Option is made.
“Group” The Company and its subsidiaries.
“Listing Date” The date on which the Ordinary Shares are listed on the official list
of the Stock Exchange in connection with the initial public offering of
the Ordinary Shares.
“Long-Stop Date” The date falling on the second anniversary of the Adoption Date.
“Non-Executive A director of the Company and/or its subsidiaries, as the case may
Director” be, other than an Executive Director, selected by the Committee to
participate in the Scheme in accordance with Rule 3.1(b).
“Option” The right to subscribe for Ordinary Shares granted or to be granted
pursuant to the Scheme and for the time being subsisting.
“Ordinary Shares” Ordinary shares of $0.05 each in the capital of the Company.
“Participant” The holder of an Option.
“Scheme” AsiaOne Pre-IPO Share Option Scheme, as modified or altered from
time to time.
“Stock Exchange” Singapore Exchange Securities Trading Limited and/or any other stock
exchange as may be determined by the Committee.
“$” Singapore dollar.
2.2 Words importing the singular number shall, where applicable, include the plural number and
vice versa. Words importing the masculine gender shall, where applicable, include the feminine
and neuter gender.
2.3 Any reference to a time of a day in the Scheme is a reference to Singapore time.
2.4 Any reference in the Scheme to any enactment is a reference to that enactment as for the
time being amended or re-enacted. Any word defined under the Act or any statutory modification
thereof and used in the Scheme shall have the meaning assigned to it under the Act.
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