NONQUALIFIED STOCK OPTION AGREEMENTNonqualified Stock Option Agreement • October 4th, 2006 • Laureate Education, Inc. • Services-educational services • Maryland
THIS NONQUALIFIED STOCK OPTION AGREEMENT (the “Agreement”), made this 29th day of September, 2006, evidences the award of 85,000 nonqualified stock options (each an “Option” or collectively the “Options”) that have been granted to you, ROSEMARIE MECCA (“Optionee”), effective as of October 1, 2005 (the “Grant Date”), in fulfillment of the obligations of Laureate Education, Inc., a Maryland corporation (“Laureate”), under Section 4.B. of that certain employment agreement entered into between the Optionee and Laureate on September 14, 2005 (the “Employment Agreement”) and subject to and conditioned upon the Optionee’s agreement to the terms described below. Each Option entitles the Optionee to purchase one share of common stock, par value $0.01 per share, of Laureate (“Common Stock”) at $46.37 per share, the closing price reported on the NASDAQ Global Select Market on the date the Options were approved by Laureate. An executed copy of this Agreement must be returned to Laureate within 30
