AMENDMENT NO. 1 TO SCHEDULE 13-D

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Sn6g4WA1Pw+/CShYeRnFU3tcjnC+4+b9C9SH/2QopICjQryWMWOKtte08tV8v4Ie hCZ90u7enYua3WGRv1R6xA== 0001193125-06-131460.txt : 20060619 0001193125-06-131460.hdr.sgml : 20060619 20060616195656 ACCESSION NUMBER: 0001193125-06-131460 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20060619 DATE AS OF CHANGE: 20060616 GROUP MEMBERS: CHRISTOPHER S. GAFFNEY GROUP MEMBERS: GHP III, LLC GROUP MEMBERS: GREAT HILL AFFILIATE PARTNERS II, L.P. GROUP MEMBERS: GREAT HILL EQUITY PARTNERS II LIMITED PARTNERSHIP GROUP MEMBERS: GREAT HILL EQUITY PARTNERS III, L.P. GROUP MEMBERS: GREAT HILL PARTNERS GP II, LLC GROUP MEMBERS: GREAT HILL PARTNERS GP III, L.P. GROUP MEMBERS: JOHN G. HAYES GROUP MEMBERS: MATTHEW T. VETTEL GROUP MEMBERS: STEPHEN F. GORMLEY FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREAT HILL INVESTORS LLC CENTRAL INDEX KEY: 0001161866 IRS NUMBER: 043463163 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: ONE LIBERTY SQ CITY: BOSTON STATE: MA ZIP: 02109 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SPARK NETWORKS PLC CENTRAL INDEX KEY: 0001314475 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 980200628 STATE OF INCORPORATION: X0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81138 FILM NUMBER: 06911412 BUSINESS ADDRESS: STREET 1: 8383 WILSHIRE BOULEVARD STREET 2: SUITE 800 CITY: BEVERLY HILLS STATE: CA ZIP: 90211 BUSINESS PHONE: 323-836-3000 MAIL ADDRESS: STREET 1: 8383 WILSHIRE BOULEVARD STREET 2: SUITE 800 CITY: BEVERLY HILLS STATE: CA ZIP: 90211 SC 13D/A 1 dsc13da.htm AMENDMENT NO. 1 TO SCHEDULE 13-D AMENDMENT NO. 1 TO SCHEDULE 13-D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Spark Networks plc

(Name of Issuer)

Ordinary Shares, par value 0.01 pound per share

(Title of Class of Securities)

G8305M109

(CUSIP Number)

Great Hill Partners

Attn: Laurie T. Gerber

One Liberty Square, Boston, MA 02109

(617) 790-9430

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

June 13, 2006

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Great Hill Investors, LLC 04-3463165
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization Massachusetts


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 81,221⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 81,221⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 81,221⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 0.3%⁽¹⁾
14.	Type of Reporting Person (See Instructions) OO

⁽¹⁾

As described in Items 4 and 5 below, the Reporting Persons (as defined below) may be deemed to be part of a group with: (i) Shapira (as defined below); (ii) Carmel (as defined below); (iii) the Tiger Global Entities (as defined below); (iv) the Criterion Entities (as defined below); and/or (v) the other Group Members (as defined below), in each case, pursuant to the terms of respective Share Purchase Agreements (as defined below). The Reporting Person does not affirm to be part of a group and expressly disclaims beneficial ownership of (i) the 2,849,789 Ordinary Shares (as defined herein), in the aggregate, beneficially owned by Shapira (including shares underlying options exercisable in 60 days); (ii) the 1,384,500 Ordinary Shares, in the aggregate, beneficially owned by Carmel; (iii) the 1,546,085 Ordinary Shares (including global depositary shares representing Ordinary Shares), in the aggregate, beneficially owned by the Tiger Global Entities; (iv) the 525,337 Ordinary Shares (including global depositary shares representing such Ordinary Shares), in the aggregate, beneficially owned by the Criterion Entities; and/or (v) the 6,305,711 Ordinary Shares (including shares underlying options exercisable in 60 days and global depositary shares representing such Ordinary Shares), in the aggregate, beneficially owned by the other Group Members. Accordingly, such Ordinary Shares are not included in the amounts specified by the Reporting Persons above.

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Great Hill Equity Partners II Limited Partnership 04-3539416
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 5,713,465⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 5,713,465⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 5,713,465⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 18.8%⁽¹⁾
14.	Type of Reporting Person (See Instructions) PN

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Great Hill Affiliate Partners II, L.P. 04-3539415
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 217,673⁽¹⁾
		8. Shared Voting Power 0
		9. Sole Dispositive Power 217,673⁽¹⁾
		10. Shared Dispositive Power 0


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 217,673⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 0.7%⁽¹⁾
14.	Type of Reporting Person (See Instructions) PN

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Great Hill Partners GP II, LLC 04-3538896
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization Massachusetts


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 5,931,138⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 5,931,138⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 5,931,138⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 19.5%⁽¹⁾
14.	Type of Reporting Person (See Instructions) OO

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Great Hill Equity Partners III, L.P. 86-1153870
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 3,072,641⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 3,072,641⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 3,072,641⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 10.1%⁽¹⁾
14.	Type of Reporting Person (See Instructions) PN

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Great Hill Partners GP III, L.P. 86-1153869
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 3,072,641⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 3,072,641⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 3,072,641⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 10.1%⁽¹⁾
14.	Type of Reporting Person (See Instructions) PN

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GHP III, LLC 86-1153867
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization Delaware


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 3,072,641⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 3,072,641⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 3,072,641⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 10.1%⁽¹⁾
14.	Type of Reporting Person (See Instructions) OO

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Matthew T. Vettel
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization United States of America


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 3,072,641⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 3,072,641⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 3,072,641⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 10.1%⁽¹⁾
14.	Type of Reporting Person (See Instructions) IN

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Stephen F. Gormley
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization United States of America


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 6,012,359⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 6,012,359⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 6,012,359⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 19.8%⁽¹⁾
14.	Type of Reporting Person (See Instructions) IN

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Christopher S. Gaffney
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization United States of America


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 9,085,000⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 9,085,000⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 9,085,000⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	x
13.	Percent of Class Represented by Amount in Row (11) 29.9%⁽¹⁾
14.	Type of Reporting Person (See Instructions) IN

⁽¹⁾

SCHEDULE 13D

CUSIP No. G8305M109


1.	Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). John G. Hayes
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) x
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)	¨
6.	Citizenship or Place of Organization United States of America


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7. Sole Voting Power 0
		8. Shared Voting Power 9,085,000⁽¹⁾
		9. Sole Dispositive Power 0
		10. Shared Dispositive Power 9,085,000⁽¹⁾


11.	Aggregate Amount Beneficially Owned by Each Reporting Person 9,085,000⁽¹⁾
12.	Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)	¨
13.	Percent of Class Represented by Amount in Row (11) 29.9%⁽¹⁾
14.	Type of Reporting Person (See Instructions) IN

⁽¹⁾

Item 1.

Security and Issuer

This Amendment No. 1 to Schedule 13D (“Amendment No. 1”) amends and restates Items 2, 3, 4, 5, 6 and 7 of the Schedule 13D filed by the Reporting Person on December 12, 2005 (the “Schedule 13D,” and together with Amendment No. 1, the “Statement”). This Statement relates to the ordinary shares, par value 0.01 pound per share (the “Ordinary Shares”), of Spark Networks plc, a public limited company registered in England and Wales under number 3628907 whose registered office is located at 24-26 Arcadia Avenue, Finchley Central, London N3 2JU, England (the “Issuer”), whose principal executive offices are located at 8383 Wilshire Boulevard, Suite 800, Beverly Hills, California 90211.

Item 2.

Identity and Background

Item 2 is amended and restated in its entirety as follows:

This Statement is being filed on behalf of: (i) Great Hill Investors, LLC, a Massachusetts limited liability company (“GHI”); (ii) Great Hill Equity Partners II Limited Partnership, a Delaware limited partnership (“GHEP II”); (iii) Great Hill Affiliate Partners II, L.P., a Delaware limited partnership (“GHAP II” ); (iv) Great Hill Equity Partners III, L.P., a Delaware limited partnership (“GHEP III,” and together GHI, GHEP II and GHAP II, the “Funds”); (v) Great Hill Partners GP II, LLC, a Massachusetts limited liability company (“GPII,”); (vi) Great Hill Partners GP III, L.P., a Delaware limited partnership (“GHEPIIIGP”); (vii) GHP III, LLC, a Delaware limited liability company (“GPIII,” and together with GPII, GHEPIIIGP, and the Funds, the “Great Hill Entities”); (viii) Stephen F. Gormley (“Gormley”); (ix) Christopher S. Gaffney (“Gaffney”); (x) Matthew T. Vettel (“Vettel”) and (xi) John G. Hayes (“Hayes,” together with Gormley, Gaffney and Vettel, the “Controlling Persons,” and together with the Great Hill Entities, the “Reporting Persons”). Each Controlling Person is a citizen of the United States.

Each Fund is an investment fund, principally engaged in the business of making private equity and other investments. GPII, GPIII and GHEPIIIGP are principally engaged in the business of acting as general partners or other authorized persons of, investment funds engaged in private equity and other investments. GPII is the sole general partner of GHEP II and GHAP II. GPIII is the sole general partner of GHEPIIIGP. GHEPIIIGP is the sole general partner of GHEP III. Gormley, Gaffney and Hayes are the managers of GPII and GHI and Gaffney, Hayes and Vettel are the managers of GPIII. The principal occupation of each Controlling Person is to act as a manager of GHI, GPII and GPIII, as applicable. The principal business office of the Funds, GPII, GHEPIIIGP, GPIII and the Controlling Persons is c/o Great Hill Partners, LLC, One Liberty Square, Boston, Massachusetts 02109.

No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

No Reporting Person has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which resulted in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3.

Source and Amount of Funds or Other Consideration

Item 3 is amended and restated in its entirety as follows:

As more fully described in Item 4 hereof, the Funds entered into the Share Purchase Agreements (as defined below), pursuant to which the Funds acquired, in the aggregate, 9,085,000 Ordinary Shares (including 6,585,000 global depositary shares representing Ordinary Shares), for aggregate consideration of $47,192,500. The funds for the purchase of such securities were obtained from the general working capital of the Great Hill Entities.

Copies of the Shapira Share Purchase Agreement, Carmel Share Purchase Agreement, Tiger Initial Share Purchase Agreement and the Criterion Share Purchase Agreement (each as defined below) are incorporated herein by reference as Exhibits 1, 2, 3 and 4, respectively, to the Schedule 13D. A copy of the Tiger Additional Share Purchase Agreement (as defined below) is filed as Exhibit 5 hereto and is incorporated herein by reference. The descriptions herein of the Share Purchase Agreements (as defined below) are qualified in their entirety by reference to such agreements.

Item 4.

Purpose of Transaction

Item 4 is amended and restated in its entirety as follows:

On December 1, 2005, the Funds and Joe Y. Shapira (“Shapira”) entered into a share purchase agreement (the “Shapira Share Purchase Agreement”), pursuant to which the Funds acquired from Shapira (the “Shapira Purchase”) an aggregate of

1,250,000 Ordinary Shares for a purchase price of $4.60 per share, or $5,750,000 in the aggregate. In connection with the Shapira Share Purchase Agreement, Shapira exercised an option to purchase 2,000,000 Ordinary Shares (the “Shapira Option”) immediately prior to the Shapira Purchase. On December 1, 2005, the Funds and Alon Carmel (“Carmel”) entered into a share purchase agreement (the “Carmel Share Purchase Agreement”), pursuant to which the Funds acquired from Carmel (the “Carmel Purchase”) an aggregate of 1,250,000 Ordinary Shares for a purchase price of $4.60 per share, or $5,750,000 in the aggregate. In connection with the Carmel Share Purchase Agreement, Carmel exercised an option to purchase 2,000,000 Ordinary Shares (the “Carmel Option”) immediately prior to the Carmel Purchase. On December 1, 2005, the Funds, Tiger Global II, L.P. (“TGII”), Tiger Global, L.P. (“TGLP”) and Tiger Global, Ltd. (“TGLTD,” and together with TGII and TGLP, the “Tiger Global Entities”) entered into a share purchase agreement (the “Tiger Initial Share Purchase Agreement”), pursuant to which the Funds acquired from the Tiger Global Entities an aggregate of 2,000,000 Ordinary Shares for a purchase price of $5.35 per share, or $10,700,000 in the aggregate. On December 1, 2005, the Funds, Criterion Capital Partners, L.P. (“CCP”), Criterion Institutional Partners, L.P. (“CIP”) and Criterion Capital Partners Ltd. (“CCPL” and together with CCP and CIP, the “Criterion Entities”) entered into a share purchase agreement (the “Criterion Share Purchase Agreement”), pursuant to which the Funds acquired from the Criterion Entities an aggregate of 1,500,000 Ordinary Shares for a purchase price of $5.35 per share, or $8,025,000 in the aggregate. The Shapira Share Purchase Agreement, the Carmel Share Purchase Agreement, the Tiger Share Purchase Agreements and the Criterion Share Purchase Agreement are collectively referred to as the “Share Purchase Agreements.” Shapira, Carmel, the Tiger Global Entities and the Criterion Entities are collectively referred to as the “Selling Shareholders.”

On June 13, 2006, GHI, GHEP III and the Tiger Global Entities entered into a share purchase agreement (the “Tiger Additional Share Purchase Agreement” and together with the Tiger Initial Share Purchase Agreement, the “Tiger Share Purchase Agreements”), pursuant to which the Funds acquired from the Tiger Global Entities an aggregate of 3,085,000 Ordinary Shares for a purchase price of $5.50 per share, or $16,967,500 in the aggregate.

The Reporting Persons may acquire additional Ordinary Shares (including global depositary shares or other depositary shares, in each case, representing Ordinary Shares). The Reporting Persons consider the Ordinary Shares an investment made in the ordinary course of business. The Reporting Persons intend to review on a continuing basis the investment in the Issuer, including the Issuer’s business, financial condition and operating results and general market and industry conditions and, based upon such review, may acquire additional Ordinary Shares (including global depositary shares or other depositary shares, in each case, representing Ordinary Shares) or dispose of Ordinary Shares (including global depositary shares or other depositary shares, in each case, representing Ordinary Shares), in the open market, in privately negotiated transactions or in any other lawful manner.

Voting Arrangements

Pursuant to the terms of the respective Share Purchase Agreements, for so long as the Funds and their respective affiliates collectively own: (i) in the case of the Shapira Share Purchase Agreement and the Carmel Share Purchase Agreement, at least 10% of the outstanding Ordinary Shares (and/or other depositary shares representing such Ordinary Shares); and (ii) in the case of the Tiger Share Purchase Agreements and the Criterion Share Purchase Agreement, at least 5% of the outstanding Ordinary Shares (including Ordinary Shares that are represented by global depositary shares and any other shares in the capital of the Issuer entitled to vote on the election of directors) (“Voting Shares”), each Selling Shareholder agreed that: (x) if at any time any Fund notifies a Selling Shareholder of its desire and intention to designate a single director on behalf of all of the Funds (the “Great Hill Director”) in advance of any meeting of the Issuer’s shareholders called to vote upon for the election of directors, and at all adjournments thereof and in all other circumstances upon which a vote, consent or other approval (including by written consent) is sought with respect to the election of directors or that is necessary to elect directors of the Issuer, such Selling Shareholder agreed to consent, vote (or cause to be voted) all of its Voting Shares that are owned or held of record by such Selling Shareholder, or as to which such Selling Shareholder has voting power or in respect of which such Selling Shareholder can direct, restrict or control any such voting power (the “Remaining Shares”) held at the time such consent is sought or meeting is held to elect such Great Hill Director; and (y) if at any time any Fund notifies a Selling Shareholder of its desire and intention to remove or replace a Great Hill Director or to fill a vacancy caused by the resignation of a Great Hill Director, such Selling Shareholder agreed to cooperate in causing the requested removal and/or replacement by voting in the appropriate manner. Each Selling Shareholder irrevocably granted, and appointed Michael A. Kumin, and any other person who shall hereafter be designated by the Funds, as such Selling Shareholder’s proxy and attorney (with full power of substitution), to vote all of such Selling Shareholder’s Remaining Shares held at the time such consent is sought or meeting is held in any circumstances where a vote, consent or other approval is sought to elect a Great Hill Director.

In addition, each Selling Shareholder agreed not to enter into or exercise its rights under any voting arrangements with respect to any Remaining Shares or take any other action that would in any way restrict, limit or interfere with the performance of its obligations to vote its Remaining Shares in accordance with the terms of the applicable Share Purchase

Agreement. Pursuant to the terms of the Share Purchase Agreements, no Selling Shareholder is restricted from selling or otherwise transferring any Remaining Shares or any interest therein to a third party that is not an affiliate of such Selling Stockholder or the Issuer or to any affiliate that agrees in writing to be bound by the terms of the applicable Share Purchase Agreement. The foregoing covenants and obligations of each Selling Shareholder terminate after a Great Hill Director (together with any replacements therefore) has served a single, full term of office of three years, in accordance with the Issuer’s articles and memorandum of association, as in effect on December 1, 2005.

In addition, each Selling Shareholder agreed that, in order to secure the interest of the Funds in the Ordinary Shares purchased under each applicable Share Purchase Agreement, with effect from the date of execution of the applicable Share Purchase Agreement (the “Execution Date”), each Selling Shareholder irrevocably appointed Great Hill Partners, LLC to be its attorney in its name and on its behalf to exercise all or any of the voting and other rights, powers and privileges attached to the Ordinary Shares (or global depositary shares representing Ordinary Shares) purchased pursuant to each applicable Share Purchase Agreement. Each Selling Shareholder agreed, following the applicable Execution Date, not to exercise all or any of the voting and other rights, powers and privileges attached to the Ordinary Shares (or global depositary shares representing Ordinary Shares) purchased pursuant to the applicable Share Purchase Agreement.

Item 5.

Interest in Securities of the Issuer

Item 5 is amended and restated in its entirety as follows:

(a) Based upon the number of Ordinary Shares outstanding as of June 9, 2006: (i) GHI directly beneficially owns an aggregate of 81,221 Ordinary Shares (including 52,529 global depositary shares representing Ordinary Shares), representing 0.3% of the Ordinary Shares; (ii) GHAP II directly beneficially owns an aggregate of 217,673 Ordinary Shares (including 126,976 global depositary shares representing Ordinary Shares), representing approximately 0.7% of the Ordinary Shares; (iii) GHEP II directly beneficially owns an aggregate of 5,713,465 Ordinary Shares (including 3,332,854 global depositary shares representing Ordinary Shares), representing approximately 18.8% of the Ordinary Shares; (iv) GHEP III directly beneficially owns an aggregate of 3,072,641 Ordinary Shares (all of which are global depositary shares representing Ordinary Shares) representing approximately 10.1% of Ordinary Shares; (v) GPII may be deemed to indirectly beneficially own the Ordinary Shares beneficially owned by GHAP II and GHEP II, representing approximately 19.5% of the Ordinary Shares; (vi) GHEPIIIGP or GPIII may be deemed to indirectly beneficially own the Ordinary Shares owned by GHEP III, representing approximately 10.1% of Ordinary Shares; (vii) each of Gaffney and Hayes may be deemed to indirectly beneficially own the Ordinary Shares beneficially owned by GHI, GPII and GPIII, representing approximately 29.9% of the Ordinary Shares; (viii) Gormley may be deemed to indirectly beneficially own the Ordinary Shares beneficially owned by GHI and GPII, representing approximately 19.8% of Ordinary Shares and (ix) Vettel may be deemed to indirectly beneficially own the Ordinary Shares beneficially owned by GPIII, representing approximately 10.1% of the Ordinary Shares. Each Controlling Person, GHEPIIIGP, GPII and GPIII disclaims beneficial ownership of the Ordinary Shares and the filing of this Schedule 13D shall not be construed as an admission that any such person is, for the purposes of Section 13(d) or Section 13(g) of the Act, the beneficial owner of the Ordinary Shares.

In addition, by virtue of the Shapira Share Purchase Agreement, the Carmel Share Purchase Agreement, the Tiger Share Purchase Agreements and/or the Criterion Share Purchase Agreement, it could be alleged that a “group,” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or Rule 13d-5(b)(1) thereunder, has been formed that includes, respectively, Shapira and the Reporting Persons (the “Shapira Group”), Carmel and the Reporting Persons (the “Carmel Group”), the Tiger Global Entities and the Reporting Persons (the “Tiger Group”), and/or the Criterion Entities and the Reporting Persons (the “Criterion Group,” and together with Shapira, Carmel and the Tiger Global Entities, the “Group Members”). While the Reporting Persons do not concede that any such “group” has been formed, this filing is being made to ensure compliance with the Exchange Act. Based upon the number of Ordinary Shares outstanding as of June 9, 2006: (i) the Shapira Group would be deemed to beneficially own, in the aggregate, 11,934,789 Ordinary Shares (including shares underlying options exercisable within 60 days of the date hereof), representing approximately 39.1% of the Ordinary Shares; (ii) the Carmel Group would be deemed to beneficially own, in the aggregate, 10,469,500 Ordinary Shares, representing approximately 34.4% of the Ordinary Shares; (iii) the Tiger Group would be deemed to beneficially own, in the aggregate, 10,631,085 Ordinary Shares (including global depositary shares representing Ordinary Shares), representing approximately 35.0% of the Ordinary Shares ; (iv) the Criterion Group would be deemed to beneficially own, in the aggregate, 9,610,337 Ordinary Shares (including global depositary shares representing Ordinary Shares), representing approximately 31.6% of the Ordinary Shares; and (v) a group including all Group Members would be deemed to beneficially own, in the aggregate, 15,390,711 Ordinary Shares (including shares underlying options exercisable within 60 days of the date hereof and global depositary shares representing Ordinary Shares), representing approximately 50.3% of the Ordinary Shares. Each Reporting Person expressly disclaims beneficial ownership of Ordinary Shares beneficially owned by any other Group Member and does not affirm that any such “group” exists.

(b) GHI directly has the power to vote, direct the vote, dispose and direct the disposition of 81,221 Ordinary Shares (including 52,529 global depositary shares representing Ordinary Shares). GHAP II directly has the power to vote, direct the vote, dispose and direct the disposition of 217,673 Ordinary Shares (including 126,976 global depositary shares representing Ordinary Shares). GHEP II directly has the power to vote, direct the vote, dispose and direct the disposition of 5,713,465 Ordinary Shares (including 3,332,854 global depositary shares representing Ordinary Shares). GHEP III directly has the power to vote 3,072,641 Ordinary Shares (all of which are global depository shares representing Ordinary Shares). GPII indirectly has the power to vote, direct the vote, dispose and direct the disposition of 5,931,138 Ordinary Shares (including 3,459,830 global depositary shares representing Ordinary Shares). GHEPIIIGP indirectly has the power to vote, direct the vote, dispose and direct the disposition of 3,072,641 Ordinary Shares (all of which are global depositary shares representing Ordinary Shares). GPIII indirectly has the power to vote, direct the vote, dispose and direct the disposition of 3,072,641 Ordinary Shares (all of which are global depositary shares representing Ordinary Shares). Each of Gaffney and Hayes indirectly has the power to vote, direct the vote, dispose of and direct the disposition of 9,085,000 Ordinary Shares (including 6,585,000 global depositary shares representing Ordinary Shares). Gormley indirectly has the power to vote, direct the vote, dispose of and direct the disposition of 6,012,359 Ordinary Shares (including 3,512,359 global depositary shares representing Ordinary Shares). Vettel indirectly has the power to vote, direct the vote, dispose of and direct the disposition of 3,072,641 Ordinary Shares (all of which are global depositary shares representing Ordinary Shares).

Pursuant to, and to the extent set forth in, the Shapira Share Purchase Agreement, it could be alleged that the applicable Reporting Persons share voting and dispositive power with respect to the Ordinary Shares beneficially owned by Shapira. Pursuant to, and to the extent set forth in, the Carmel Share Purchase Agreement, it could be alleged that the applicable Reporting Persons share voting and dispositive power with respect to the Ordinary Shares beneficially owned by Carmel. Pursuant to, and to the extent set forth in the Tiger Share Purchase Agreements, it could be alleged that the applicable Reporting Persons share voting and dispositive power with respect to the Ordinary Shares beneficially owned by the Tiger Global Entities. Pursuant to, and to the extent set forth in, the Criterion Share Purchase Agreement, it could be alleged that the applicable Reporting Persons share voting and dispositive power with respect to the Ordinary Shares beneficially owned by the Criterion Entities. To the knowledge of each Reporting Person and based on documents publicly filed by the Group Members, (i) the name, address and principal occupation/business of each Group Member is as set forth on Exhibit 6 hereto. To the knowledge of each Reporting Person and based on documents publicly filed by the Group Members, during the last five years, no Group Member has been: (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to Federal or State securities laws or finding any violation with respect to such laws.

(c) Except for the information set forth herein or incorporated by reference herein or in Items 3, 4 and 6, which is incorporated herein by reference, none of the Reporting Persons, and to the knowledge of the Reporting Persons, no other Group Member, has effected any transaction relating to the Ordinary Shares during the past 60 days. To the knowledge of the Reporting Person and based on documents publicly filed by the Group Members: (i) the Criterion Entities sold 500,000 Ordinary Shares for $6.27 per share on April 17, 2006 in an open market transaction, and (ii) Shapira (a) sold 62,000 Ordinary Shares for $5.00 per share on June 9, 2006 in an open market transaction and (b) gifted 7,100 Ordinary Shares to Children Uniting Nations on May 4, 2006.

(d) Each limited partner of GHEP II has the right to receive dividends from, or proceeds from the sale of, investments by GHEP II, including the Ordinary Shares, in accordance with their limited partnership interests in GHEP II and subject to the terms and conditions of GHEP II’s limited partnership agreement. Each limited partner of GHAP II has the right to receive dividends from, or proceeds from the sale of, investments by GHAP II, including the Ordinary Shares, in accordance with their limited partnership interests in GHAP II and subject to the terms and conditions of GHAP II’s limited partnership agreement. Each limited partner of GHEP III has the right to receive dividends from, or proceeds from the sale of, investments by GHEP III, including the Ordinary Shares, in accordance with their limited partnership interests in GHEP III and subject to the terms and conditions of GHEP III’s limited partnership agreement. Each limited partner of GHEPIIIGP has the right to receive dividends from, or proceeds from the sale of, investments by GHEPIIIGP, including the Ordinary Shares, in accordance with their limited partnership interests in GHEPIIIGP and subject to the terms and conditions of GHEPIIIGP’s limited partnership agreement. Each member of GHI has the right to receive dividends from, or proceeds from the sale of, investments by GHI, including the Ordinary Shares, in accordance with their membership interests in GHI and subject to the terms and conditions of GHI’s limited liability company agreement. Each member of GPII has the right to receive dividends from, or proceeds from the sale of, investments by GPII, including the Ordinary Shares, in accordance with their membership interests in GPII and subject to the terms and conditions of GPII’s limited liability company agreement. Each member of GPIII has the right to receive dividends from, or proceeds from the sale of, investments by GPIII, including the Ordinary Shares, in accordance with their membership interests in GPIII and subject to the terms and conditions of GPIII’s limited liability company agreement.

(e) Not applicable.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6 is amended and restated in its entirety as follows:

Reference is made to the Share Purchase Agreements described in Item 4, which are incorporated by reference herein.

Standstill Agreement

On December 1, 2005, GHEP II and the Issuer entered into a Standstill Agreement (the “Standstill Agreement”) pursuant to which GHEP II agreed that neither it nor any of its affiliates (the “Shareholder Group”) will, without the prior written consent of the Issuer, for a period of 14 months from December 1, 2005 (“Fourteen Month Period”): (i) acquire or agree, offer, seek or propose to acquire, or cause to be acquired, directly or indirectly, by purchase or otherwise, ownership, including, without limitation, beneficial ownership, of any securities entitled, in the ordinary course, to vote in the election of directors (the “Voting Securities”) of the Issuer or direct or indirect rights to acquire any class of securities of the Issuer or any subsidiary thereof, or of any successor thereto, or any assets of the Issuer or any subsidiary or division thereof or of any such successor if after giving effect thereto, the Shareholder Group would beneficially own more than 29.9% of the aggregate number of votes (by reference to the Issuer’s register of members) which may (at the relevant time) be cast by holders of outstanding Voting Securities of the Issuer on a poll at a general meeting of the Issuer, having regard to any restrictions on voting imposed from time to time by the Issuer’s Articles of Association (the “Total Voting Power”); (ii) participate in (A) any tender, takeover or exchange offer, merger or other business combination involving the Issuer or any of its subsidiaries; (B) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Issuer or any of its subsidiaries; or (C) any “solicitation” of “proxies” (as such terms are used in the proxy rules of the Securities and Exchange Commission) or consents to vote any Voting Securities of the Issuer or any of its subsidiaries; (iii) form, join or in any way participate in a “group” as defined in Section 13(d)(3) of the Exchange Act, in connection with any of the foregoing; (iv) otherwise act, alone or in concert with others, to seek to control the Board of Directors of the Issuer; (v) take any action which would force the Issuer to make a public announcement regarding the matters set forth in (i) above under applicable law; or (vi) enter into any arrangements with any third party with respect to any of the foregoing.

Pursuant to the Standstill Agreement, GHEP II agreed that no member of the Shareholder Group will, without the prior written consent of the Issuer, after the expiration of the Fourteen Month Period, (i) acquire or agree, offer, or propose to acquire, or cause to be acquired by purchase or otherwise, whether individually or otherwise, beneficial ownership, of any Voting Securities of the Issuer or direct or indirect rights to acquire any class of securities of the Issuer or any subsidiary thereof, or of any successor to or person in control of the Issuer, or any assets of the Issuer or any subsidiary or division thereof or of any such successor or controlling person, if (1) prior to giving effect thereto, the Shareholder Group beneficially owns less than 60% of Total Voting Power, and (2) after giving effect thereto the Shareholder Group, subject to certain exceptions, would beneficially own more than 29.9% of Total Voting Power; or (ii) participate in (A) any tender, takeover or exchange offer, merger or other business combination involving the Issuer; or (B) any recapitalization, restructuring, liquidation, dissolution or other extraordinary transaction with respect to the Issuer; if (1) prior to giving effect thereto, the Shareholder Group beneficially owns less than 60% of Total Voting Power, and (2) after giving effect thereto the Shareholder Group, subject to certain exceptions, would beneficially own more than 29.9% of Total Voting Power.

The restrictions in the Standstill Agreement do not apply to: (a) increases in the percentage of the Total Voting Power beneficially owned by the Shareholder Group solely as a result of a repurchase or redemption of securities by the Issuer, a rights issue, recapitalization, capitalisation, sub-division or consolidation or a share capital reduction and any other variation of the capital of the Issuer and/or rights in respect thereof, or capital distribution (being any distribution, whether in cash or in specie, out of capital profits or capital reserves (including share premium account and any capital redemption reserve fund)), or any other action taken by the Issuer; (b) offers to acquire and acquisitions by the Shareholder Group of beneficial ownership of Voting Securities of the Issuer pursuant to bona fide written offers made after the expiration of the Fourteen Month Period, open for acceptance for a period of at least thirty (30) days from delivery, made to each and all of the Issuer’s holders of Voting Securities, to purchase for cash all of such securities then outstanding, if such offer occurs at the same time and on the same terms and conditions for each such securityholder in accordance with the terms and conditions of any applicable law, code or regulations; or (c) the Share Purchase Agreements, as such agreements are in effect on December 1, 2005, or the exercise of any rights thereunder, in accordance with the terms and conditions of any applicable law, code or regulations.

The Standstill Agreement terminates upon the occurrence of any of the following: (i) the written agreement of the Issuer and GHEP II; (ii) the fifth anniversary of December 1, 2005; or (iii) the dissolution, liquidation or winding up of the Issuer.

A copy of the Standstill Agreement is incorporated herein by reference to Exhibit 7 of the Schedule 13D, and the description herein of the Standstill Agreement is qualified in its entirety by reference to such agreement.

Item 7.

Material to be Filed as Exhibits

Item 7 is amended and restated in its entirety as follows:


Exhibit 1		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and Joe Y. Shapira (incorporated by reference to Exhibit 1 of the Schedule 13D filed on December 12, 2005).

Exhibit 2		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and Alon Carmel (incorporated by reference to Exhibit 2 of the Schedule 13D filed on December 12, 2005).

Exhibit 3		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and the Tiger Global Entities (incorporated by reference to Exhibit 3 of the Schedule 13D filed on December 12, 2005).

Exhibit 4		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and the Criterion Entities (incorporated by reference to Exhibit 4 of the Schedule 13D filed on December 12, 2005).

Exhibit 5		Share Purchase Agreement, dated as of June 13, 2006, by and among GHI, GHEP III and the Tiger Global Entities.

Exhibit 6		Name, address and principal occupation of certain Group Members.

Exhibit 7		Standstill Agreement, dated as of December 1, 2005, by and among GHEP II and the Issuer (incorporated by reference to Exhibit 6 of the Schedule 13D filed on December 12, 2005).

Exhibit 8		Joint Filing Agreement, dated as of June 14, by and among the Funds, GPII, GHEPIIIGP, GPIII and the Controlling Persons.

S I G N A T U R E

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete, and correct.

Date: June 16, 2006


GREAT HILL PARTNERS GP II, LLC

By:		/S/ CHRISTOPHER S. GAFFNEY
		Christopher S. Gaffney Manager

EXHIBIT INDEX


Exhibit 1		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and Joe Y. Shapira (incorporated by reference to Exhibit 1 of the Schedule 13D filed on December 12, 2005).

Exhibit 2		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and Alon Carmel (incorporated by reference to Exhibit 2 of the Schedule 13D filed on December 12, 2005).

Exhibit 3		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and the Tiger Global Entities (incorporated by reference to Exhibit 3 of the Schedule 13D filed on December 12, 2005).

Exhibit 4		Share Purchase Agreement, dated as of December 1, 2005, by and among GHI, GHEP II, GHAP II and the Criterion Entities (incorporated by reference to Exhibit 4 of the Schedule 13D filed on December 12, 2005).

Exhibit 5		Share Purchase Agreement, dated as of June 13, 2006, by and among GHI, GHEP III and the Tiger Global Entities.

Exhibit 6		Name, address and principal occupation of certain Group Members.

Exhibit 7		Standstill Agreement, dated as of December 1, 2005, by and among GHEP II and the Issuer (incorporated by reference to Exhibit 6 of the Schedule 13D filed on December 12, 2005).

Exhibit 8		Joint Filing Agreement, dated as of June 14, by and among the Funds, GPII, GHEPIIIGP, GPIII and the Controlling Persons.

EX-99.(5) 2 dex995.htm SHARE PURCHASE AGREEMENT SHARE PURCHASE AGREEMENT

Exhibit 5

SHARE PURCHASE AGREEMENT

This Share Purchase Agreement (this “Agreement”) is made as of June 13, 2006, by and among Great Hill Investors, LLC, a Massachusetts limited liability company, whose registered office is located at One Liberty Square Boston, Massachusetts 02109 (“GHI”) and Great Hill Equity Partners III, LP, a Delaware limited partnership, whose registered office is located at One Liberty Square Boston, Massachusetts 02109 (“GHEP”) and Tiger Global II, L.P., a Delaware limited partnership, whose registered office is located at 101 Park Avenue, 48^th Floor, New York, New York 10178 (“TGII”), Tiger Global, L.P., a Delaware limited partnership, whose registered office is located at 101 Park Avenue, 48^th Floor, New York, New York 10178 (“TGLP”), Tiger Global, Ltd., an exempted company formed under the laws of the Cayman Islands, whose registered office is located at c/o Citco Fund Services (Cayman Islands) Limited, Regatta Office Park, West Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands, British West Indies (“TGLTD”). Each of GHI and GHEP are referred to as a “Buyer.” Each of TGII, TGLP and TGLTD are referred to as a “Seller.”

RECITALS

The Sellers desire to sell, and the Buyers desire to purchase the Shares for the consideration and on the terms set forth in this Agreement.

AGREEMENT

The parties, intending to be legally bound, agree as follows:

1.	DEFINITIONS

For purposes of this Agreement, the following terms have the meanings specified or referred to in this Section 1:

“Applicable Contract” means, with respect to any Person, any Contract (a) under which such Person has or may acquire any rights, (b) under which such Person has or may become subject to any obligation or liability, or (c) by which such Person or any of the assets owned or used by such Person is or may become bound.

A “Breach” of a representation, warranty, covenant, obligation, or other provision of this Agreement, any other instrument delivered pursuant to this Agreement, or any other agreement or Contract shall be deemed to have occurred if there is or has been (a) any inaccuracy in or breach of, or any failure to perform or comply with, such representation, warranty, covenant, obligation, or other provision, or (b) any claim (by any Person) or other occurrence or circumstance that is or was inconsistent with such representation, warranty, covenant, obligation, or other provision, and the term “Breach” means any such inaccuracy, breach, failure, claim, occurrence, or circumstance.

“Buyer” has the meaning set forth in the first paragraph of this Agreement.

“Closing” has the meaning set forth in Section 2.3.

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“Closing Date” means the date and time as of which the Closing actually takes place.

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

“Company” means Spark Networks plc, a public limited company, registered in England and Wales under number 3628907 whose registered office is located at 24-26 Arcadia Avenue, Finchley Central, London N3 2JU, England.

“Confidentiality Agreement” means the Confidentiality Agreement, dated October 14, 2004, by and between Spark Networks plc and Great Hill Equity Partners II, Limited Partnership.

“Consent” means any approval, consent, ratification, waiver, or other authorization (including any Governmental Authorization).

“Contract” means any agreement, contract, obligation, promise, or undertaking (whether written or oral and whether express or implied) that is legally binding.

“DTC” means The Depositary Trust Company.

“Encumbrance” means any charge, claim, community property interest, condition, equitable interest, lien, option, pledge, security interest, right of first refusal, or restriction of any kind or any other third party right, including any restriction on use, voting, transfer, receipt of income, or exercise of any other attribute of ownership.

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor law, and regulations and rules issued pursuant thereto or any successor law.

“GHEP” has the meaning set forth in the Recitals of this Agreement.

“GHI” has the meaning set forth in the Recitals of this Agreement.

“Global Depositary Shares” means global depositary shares that represent Ordinary Shares.

“Governmental Authorization” means any approval, consent, license, permit, waiver, or other authorization issued, granted, given, or otherwise made available by or under the authority of any Governmental Body or pursuant to any Legal Requirement.

“Governmental Body” means any:

(a) nation, state, county, city, town, village, district, or other jurisdiction of any nature;

(b) federal, state, local, municipal, foreign, or other government;

(c) governmental or quasi-governmental authority of any nature (including any governmental agency, branch, department, official, or entity and any court or other tribunal);

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(d) multi-national organization or body; or

(e) body exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory, or taxing authority or power of any nature.

“Great Hill Director” has the meaning set forth in Section 5.1(a)(ii).

“Information” has the meaning set forth in Section 8.2(a).

“Legal Requirement” means any federal, state, local, municipal, foreign, international, multinational, or other administrative order, constitution, law, ordinance, principle of common law, regulation, statute, or treaty.

“Offeree” has the meaning set forth in Section 3.7.

“Order” means any award, decision, injunction, judgment, order, ruling, subpoena, or verdict entered, issued, made, or rendered by any court, administrative agency, or other Governmental Body or by any arbitrator.

“Ordinary Shares” means ordinary shares of the Company, par value 0.01 pound per share.

“Organizational Documents” means (a) the articles or certificate of incorporation and the bylaws of a corporation (including, for the avoidance of doubt, the Company’s articles and memorandum of association as amended from time to time); (b) the partnership agreement and any statement of partnership of a general partnership; (c) the limited partnership agreement and the certificate of limited partnership of a limited partnership; (d) certificate of formation and operating agreement of a limited liability company; (e) any charter or similar document adopted or filed in connection with the creation, formation, or organization of a Person; and (f) any amendment, supplement, modification or restatement of any of the foregoing.

“Person” means any individual, corporation (including any non-profit corporation), general or limited partnership, limited liability company, joint venture, estate, trust, association, organization, labor union, or other entity or Governmental Body.

“Proceeding” means any action, arbitration, audit, hearing, investigation, litigation, or suit (whether civil, criminal, administrative, investigative, or informal) commenced, brought, conducted, or heard by or before, or otherwise involving, any Governmental Body or arbitrator.

“Purchase Price” has the meaning set forth in Section 2.2.

“Remaining Shares” has the meaning set forth in Section 5.1(a)(i).

“Representative” means with respect to a particular Person, any director, officer, employee, agent, consultant, advisor, or other representative of such Person, including legal counsel, accountants, and financial advisors.

“SEC” means the U.S. Securities and Exchange Commission.

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“Securities Act” means the Securities Act of 1933, as amended, or any successor law, and regulations and rules issued pursuant thereto or any successor law.

“Securities Reports” means all forms, reports, schedules, registration statements, definitive proxy or information statements and other documents required to be filed or filed by the Company with the SEC or any other Governmental Body, including the Registration Statement on Form S-1 of the Company (File No. 333-123228), in each case, as amended since the time of their filing, and including all documents filed as exhibits thereto and any Form 8-Ks that have been filed with or furnished to the SEC or such other Governmental Body.

“Settlement Date” has the meaning set forth in Section 2.3.

“Seller” has the meaning set forth in the first paragraph of this Agreement.

“Shares” means the 3,085,000 Global Depositary Shares, in the aggregate, being sold pursuant to this Agreement.

“Short Sales” means all “short sales” as defined in Rule 3b-3 of the Exchange Act.

“Standstill Agreement” means the Standstill Agreement dated December 1, 2005, by and between Spark Networks plc and Great Hill Equity Partners II, Limited Partnership.

“Tax” means any tax (including any income tax, capital gains tax, value-added tax, sales tax, property tax, gift tax, or estate tax), levy, assessment, tariff, duty (including any customs duty), deficiency, or other fee, and any related charge or amount (including any fine, penalty, interest, or addition to tax), imposed, assessed, or collected by or under the authority of any Governmental Body or payable pursuant to any tax-sharing agreement or any other Contract relating to the sharing or payment of any such tax, levy, assessment, tariff, duty, deficiency, or fee.

“Threatened” means a claim, Proceeding, dispute, action, or other matter shall be deemed to have been “Threatened” if any demand or statement has been made (orally or in writing) or any notice has been given (orally or in writing) that such a claim, Proceeding, dispute, action, or other matter is likely to be asserted, commenced, taken, or otherwise pursued in the future.

“Transactions” means all of the transactions contemplated by this Agreement, including:

(a) the sale of the Shares by the Sellers to the Buyers;

(b) the performance by the Buyers and the Sellers of their respective covenants and obligations under this Agreement; and

“U.S. Shareholder” means a “U.S. shareholder” within the meaning of Section 951(b) of the Code, with respect to the Company.

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“Voting Shares” means the Ordinary Shares (including Ordinary Shares that are represented by the Global Depositary Shares and any other depositary shares) and any other shares in the capital of the Company entitled to vote on the election of directors.

2.	SALE AND TRANSFER OF SHARES; CLOSING

2.1

Subject to the terms and conditions of this Agreement, at the Closing, the Sellers shall sell and transfer, free from all Encumbrances, other than Encumbrances arising as a result of the depositary agreement in respect of the Shares or Encumbrances created by any Buyer, the Shares to the Buyers, and the Buyers shall purchase the Shares from the Sellers, and from and including the Closing Date, all rights and advantages accruing to the Shares shall belong to the Buyers. The number of Shares to be sold by each Seller is set forth opposite such Seller’s name on Exhibit B.

2.2

PURCHASE PRICE

The purchase price for the Shares shall be $5.50 per Share, and $16,967,500 in the aggregate (the “Purchase Price”).

2.3

CLOSING

The purchase and sale of the Shares shall take place concurrently with the execution and delivery of this Agreement (the “Closing”) at the offices of the Buyers’ counsel at 2049 Century Park East, Suite 3200, Los Angeles, California, at 10:00 a.m. (local time) on June 13, 2006, or at such other time as the parties may agree. The settlement of the purchase and sale of the Shares shall occur no later than June 15, 2006 (the “Settlement Date”).

2.4

CLOSING OBLIGATIONS

(a)

The Sellers shall:

(i)

on or prior to the Settlement Date, instruct the brokers that hold the Shares on the Sellers’ behalf to transfer the Shares to the Buyers in the amounts and to the accounts designated by the Buyers in writing prior to the Settlement Date to ensure that settlement with respect to such transfer shall occur on the Settlement Date; and

(ii)

deliver to the Buyers any other document that may be required for any Seller to give good title to the Shares in accordance with the terms of this Agreement or that may be necessary to enable the Buyers to procure the registration of the Shares in the name of each Buyer or its nominee(s) or which evidence to each Buyer’s satisfaction the authority of any person executing this Agreement or any of the documents referred to herein, on behalf of the Sellers.

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(b) Upon receipt of the Shares, the Buyers shall deliver to the Sellers the Purchase Price by wire transfer of immediately available funds to an account or accounts of the Sellers as specified by the Sellers in writing.

3.	REPRESENTATIONS AND WARRANTIES OF THE SELLERS

Each Seller represents and warrants to the Buyers as follows:

3.1

ORGANIZATION AND GOOD STANDING

Each of TGII and TGLP is a limited partnership, duly organized, validly existing, and in good standing under the laws of Delaware, with the power and authority to conduct its business as it is now being conducted, to own or use the properties and assets that it purports to own or use, and to perform all its obligations under this Agreement. TGLTD is an exempted company, duly organized, validly existing, and in good standing under the laws of the Cayman Islands, with the power and authority to conduct its business as it is now being conducted, to own or use the properties and assets that it purports to own or use, and to perform all its obligations under this Agreement.

3.2

AUTHORITY; NO CONFLICT

(a) This Agreement constitutes the legal, valid, and binding obligation of each Seller, enforceable against each Seller in accordance with its terms. Each Seller has the power and authority to execute, deliver and perform its obligations under this Agreement.

(b) Neither the execution and delivery of this Agreement by any Seller nor the performance by any Seller of any of its obligations hereunder shall, directly or indirectly (with or without notice or lapse of time):

(i) contravene, conflict with, or result in a violation of (A) any provision of the Organizational Documents of any Seller or, to the knowledge of such Seller (without having made any special inquiry or investigation), the Company, or (B) any resolution adopted by the manager, the board of managers (or other similar governing body), or the members of any Seller, or, to the knowledge of such Seller (without having made any special inquiry or investigation), the Company;

(ii) contravene, conflict with, or result in a violation of any Legal Requirement or any Order to which any Seller is subject;

(iii) contravene, conflict with, or result in a violation of any of the terms or requirements of, or give any Governmental Body the right to revoke, withdraw, suspend, cancel, terminate, or modify, any Governmental Authorization that is held by any Seller; or

(iv) contravene, conflict with, or result in a violation or Breach of any provision of, or give any Person the right to declare a default or exercise any remedy under, or to accelerate the maturity or performance of, or to cancel, terminate, or modify, any Applicable Contract of any Seller.

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3.3

TITLE TO THE SHARES

(a) DTC is the legal and record holder of the Shares, and each Seller is the beneficial owner of the Global Depositary Shares set forth opposite such Seller’s name on Exhibit B hereto, free and clear of all Encumbrances, other than Encumbrances arising as a result of the depositary agreement in respect of the Shares or Encumbrances created by any Buyer. Immediately following the Closing, DTC shall be the legal and record holder of the Shares and each Buyer shall have beneficial ownership of the Global Depositary Shares set forth under its name on Exhibit A, free and clear of all Encumbrances, other than Encumbrances arising as a result of the depositary agreement in respect of the Shares or Encumbrances created by any Buyer.

(b) There are no Applicable Contracts of any Seller or, to each Seller’s knowledge (without having made special inquiry or investigation), any other Contracts, relating to the sale, transfer, voting or ownership of the Shares or otherwise relating to the Shares, other than that Share Purchase Agreement dated as of December 1, 2005, by and among GHI, Great Hill Equity Partners II Limited Partnership and Great Hill Affiliate Partners II Limited Partnership and the Sellers and the depositary agreement in respect of the Shares.

3.4

LEGAL PROCEEDINGS; ORDERS

There is no Proceeding pending or, to the knowledge of any Seller (without having made special inquiry or investigation), Threatened, that relates to the Shares or that challenges, or that may have the effect of preventing, delaying, making illegal, or otherwise interfering with, the performance of any Seller’s obligations hereunder.

3.5

DISCLOSURE

(a) Without having made any special inquiry or investigation, no fact has come to the attention of any Seller that has caused any Seller to believe that:

(i) the Company has not filed on a timely basis with the SEC and each other Governmental Body all Securities Reports;

(ii) as of their respective dates, any Securities Report did not comply in any material respect with the requirements (including Governmental Authorizations) of the Exchange Act and the Securities Act or other Legal Requirements that are or were applicable to such Securities Report; and

(iii) any Securities Report contained when filed or contains any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading.

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3.6

BROKERS OR FINDERS

No Seller nor any officer or agent of any Seller has incurred any obligation or liability, contingent or otherwise, for brokerage or finders’ fees or agents’ commissions or other similar payment in connection with this Agreement.

3.7

ACKNOWLEDGEMENT REGARDING TRADING ACTIVITY

Except as provided in the Confidentiality Agreement and the Standstill Agreement, with respect to purchases of the Company’s Ordinary Shares or Global Depositary Shares, anything in this Agreement or elsewhere herein to the contrary notwithstanding, it is understood and agreed by each Seller: (i) that neither the Buyers nor any Person to whom an offer of Shares have been made (each, an “Offeree”) have been asked to agree, nor has any Buyer or Offeree agreed, to desist from purchasing or selling, long and/or short, securities of the Company, or “derivative” securities based on securities issued by the Company or to hold the Shares, securities of the Company, or “derivative” securities based on securities issued by the Company for any specified term; (ii) that past or future open market or other transactions by any Buyer or Offeree, including without limitation, Short Sales or “derivative” transactions, before or after the closing of the Transactions, may negatively impact the market price of the Company’s publicly-traded securities; (iii) that any Buyer or Offeree, and counter parties in “derivative” transactions to which any Buyer or Offeree is a party, directly or indirectly, presently may have a “short” position in the Ordinary Shares or the Global Depositary Shares; and (iv) that no Buyer or Offeree shall be deemed to have any affiliation with or control over any arm’s length counter-party in any “derivative” transaction.

4.	REPRESENTATIONS AND WARRANTIES OF THE BUYERS

Each Buyer represents and warrants to the Sellers as follows:

4.1

ORGANIZATION AND GOOD STANDING

GHI is a limited liability company duly organized, validly existing, and in good standing under the laws of the State of Massachusetts. GHEP is a limited partnership duly organized, validly existing, and in good standing under the laws of the State of Delaware. Each Buyer has the power and authority to execute and deliver this Agreement and to perform its obligations under this Agreement.

4.2

AUTHORITY; NO CONFLICT

(a) This Agreement constitutes the legal, valid, and binding obligation of each Buyer, enforceable against each Buyer in accordance with its terms.

(b) Neither the execution and delivery of this Agreement by any Buyer nor the performance of its obligations hereunder shall, directly or indirectly (with or without notice or lapse of time):

(i) contravene, conflict with, or result in a violation of (A) any provision of the Organizational Documents of any Buyer, or (B) any resolution adopted by the manager, the board of managers (or other similar governing body), or the members of any Buyer;

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(ii) contravene, conflict with, or result in a violation of any Legal Requirement or any Order to which any Buyer is subject;

4.3

INVESTMENT REPRESENTATIONS

(a) Each Buyer is acquiring the Shares solely for its own account, for investment purposes only, and not with a view to or an intent to sell, or to offer for resale in connection with any unregistered distribution of all or any portion of the Shares within the meaning of the Securities Act or applicable state securities laws.

(b) Each Buyer is either an “accredited investor” as defined in Rule 501 subparagraphs (1), (2), (3) or (7) of Rule 501(a) promulgated under the Securities Act or “qualified institutional buyer” as defined in Rule 144A promulgated under the Securities Act, or both. Each Buyer is not a registered broker-dealer under Section 15 of the Exchange Act.

(c) Each Buyer represents, warrants and acknowledges that the Shares are being offered and sold to it in reliance upon an exemption from the registration requirements of Section 5 of the Securities Act and similar exemptions from the registration requirements of state securities laws and that the Sellers are relying upon the truth and accuracy of, and each Buyer’s compliance with, the representations, warranties, agreements, acknowledgements and understandings of each Buyer set forth in this Section 4.3 in order to determine the availability of such exemption and the eligibility of each Buyer to acquire the Shares.

(d) Each Buyer is not purchasing the Shares as a result of any advertisement, article, notice or other communication regarding the Shares published in any newspaper, magazine or similar media or broadcast over television or radio or presented at any seminar or any other general solicitation or general advertisement.

(e) Each Buyer understands that except as otherwise provided in this Agreement, the Shares have not been and are not being registered under the Securities Act or any applicable state securities laws and each Buyer may have to bear the risk of

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owning the Shares for an indefinite period of time because the Shares may not be transferred unless: (i) the resale of the Shares is registered pursuant to an effective registration statement under the Securities Act; or (ii) the Shares to be sold or transferred may be sold or transferred pursuant to Section 4(1) of the Securities Act or other exemption from such registration.

(f) The office or offices of each Buyer in which its investment decision was made is located at the address or addresses of each Buyer set forth in Section 8.4.

4.4

CERTAIN PROCEEDINGS

There is no pending Proceeding that has been commenced against any Buyer and that challenges, or may have the effect of preventing, delaying, making illegal, or otherwise interfering with, the performance of any Buyer’s obligations hereunder. To each Buyer’s knowledge, no such Proceeding has been Threatened.

4.5

BROKERS OR FINDERS

No Buyer nor any officer or agent of any Buyer has incurred any obligation or liability, contingent or otherwise, for brokerage or finders’ fees or agents’ commissions or other similar payment in connection with this Agreement.

COVENANTS

5.1

VOTING

(a) For so long as the Buyers and their respective affiliates collectively own at least 5% of the outstanding Voting Shares:

(i) No Seller shall enter into or exercise its rights under any voting arrangement, whether by proxy, voting agreement, voting trust, power-of-attorney or otherwise, with respect to any Voting Shares that are owned or held of record by such Seller, or as to which such Seller has voting power or in respect of which such Seller can direct, restrict or control any such voting power (the “Remaining Shares”) or take any other action, that would in any way restrict, limit or interfere with the performance of its obligations hereunder or the Transactions; provided, that nothing in this Section 5.1(a)(i) shall restrict the ability of such Seller to sell or otherwise transfer any Remaining Shares or any interest therein to a third party that is not an affiliate of such Seller or the Company or to any affiliate that agrees in writing to be bound by the terms of this Agreement;

(ii) If at any time any Buyer notifies any Seller of its desire and intention to designate a single director on behalf of all of the Buyers (the “Great Hill Director”) in advance of any meeting of shareholders of the Company called to vote upon for the election of directors, and at all adjournments thereof and in all other circumstances upon which a vote, consent or other approval (including by written consent) is sought with respect to the election of directors or that is necessary to elect directors of the Company, such Seller shall, including by executing a written consent,

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vote (or cause to be voted) all of its Remaining Shares held at the time such consent is sought or meeting is held to elect the Great Hill Director and to elect such Great Hill Director to any committee of the board of directors of the Company;

(iii) If at any time any Buyer notifies any Seller of its desire and intention to remove or replace a Great Hill Director or to fill a vacancy caused by the resignation of a Great Hill Director, such Seller shall cooperate in causing the requested removal and/or replacement by voting in the appropriate manner in accordance with the terms of this Section 5.1.

(iv) Each Seller hereby irrevocably grants to, and appoints Michael A. Kumin, and any other Person who shall hereafter be designated by the Buyers, as such Seller’s proxy and attorney in its name (with full power of substitution), for and in the name, place and stead of such Seller, to vote all of its Remaining Shares held at the time such consent is sought or meeting is held, or grant a consent or approval in respect of such Remaining Shares, at any meeting of the shareholders of the Company or at any adjournment thereof or in any other circumstances upon which their vote, consent or other approval is sought to elect a Great Hill Director as contemplated in Section 5.1(a), but not with respect to any vote, consent or approval of any other matter that may be concurrently presented for approval. Each Seller has caused each proxy and attorney previously given in respect of all Remaining Shares to be revoked.

(v) Each Seller hereby affirms that the proxy and attorney set forth in this Section 5.1 is coupled with an interest and is irrevocable. Each Seller hereby ratifies and confirms all that such irrevocable proxy and attorney may lawfully do or cause to be done by virtue hereof. Such irrevocable proxy and attorney is executed and intended to be irrevocable.

(vi) The covenants, obligations, proxy and attorney under this Section 5.1(a) shall terminate after a Great Hill Director (together with any replacements therefore appointed in accordance with Section 5.1(a)(iii)) has served a single, full term of office of three years, in accordance with the Company’s articles and memorandum of association, as in effect on the date hereof.

(b) VOTING OF THE SHARES FOLLOWING CLOSING

(i) In order to secure the interest of the Buyers in the Shares under this Agreement, with effect from Closing, each Seller irrevocably appoints Great Hill Partners, LLC to be its attorney in its name and on its behalf to exercise all or any of the voting and other rights, powers and privileges attached to the Shares registered in its name.

(ii) Each Seller undertakes following Closing not to exercise all or any of the voting and other rights, powers and privileges attached to the Shares registered in its name.

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For so long as the covenants in Sections 5.1(a) and 5.1(b) are in effect, the parties agree to furnish promptly to each other such information as may be reasonably required for the other to prepare and file timely, complete and accurate statements on Schedule 13D and any amendments thereto, in each case, regarding their beneficial ownership of Ordinary Shares, to the extent required under Section 13 of the Exchange Act.

5.2

MARKET ABUSE DIRECTIVE COMPLIANCE

To the extent applicable to the transactions contemplated by this Agreement, each Seller shall, and shall cause its affiliates (including Scott Shleifer) to, comply with the requirements (including any notification requirements) of the Market Abuse Directive 2003/6/EC effective in the European Union at the date of this Agreement and any statute, regulation, code, statutory provision or subordinate legislation and any other legislation which (either with or without modification) enacts, implements or consolidates such directive in any member state of the European Union and any other directive, regulation, code or legislation, issued pursuant to the Financial Services Action Plan of the European Union.

5.3

TAXES

(a) If (i) any Seller has been a U.S. Shareholder within the meaning of Section 951(b) of the Code at any time during the taxable year of the Company that includes the Closing, (ii) the Company was, prior to the Closing, a “controlled foreign corporation” within the meaning of Section 957 of the Code, at any time during the taxable year of the Company that includes the Closing, and (iii) Buyer (or its direct or indirect owners) is required to include an amount in income for U.S. tax purposes under the “controlled foreign corporation” provisions of Section 951 et seq. of the Code with respect to the taxable year of the Company that includes the Closing, then each Seller that has been such a U.S. Shareholder during that year shall reimburse Buyer for 5/12^th of the amount equal to the product of (x) 40% and (y) the amount of such income attributable to that proportion of the Shares transferred by such Seller pursuant to this Agreement.

(b) The parties agree to cooperate following the Closing to determine the status of the Company as a “controlled foreign corporation” within the meaning of Section 957 of the Code during the taxable year of the Company that includes the Closing within 45 days after the end of such taxable year. The parties further agree to furnish to each other upon request such information as may be reasonably required for the other to determine whether it is a “U.S. shareholder” within the meaning of Section 951(b) of the Code, with respect to the Company and whether the Company is a “controlled foreign corporation” within the meaning of Section 957 of the Code, and the Buyers and Sellers shall use their commercially reasonable efforts to cause the Company to provide all such information.

6.	CONDITIONS PRECEDENT TO THE BUYERS’ OBLIGATION TO CLOSE

Each Buyer’s obligation to purchase the Shares and to take the other actions required to be taken by each Buyer at the Closing is subject to the satisfaction, at or prior to the Closing, of

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each of the following conditions (any of which may be waived by each Buyer, in whole or in part):

6.1

ACCURACY OF REPRESENTATIONS

Each Seller’s representations and warranties in this Agreement (considered collectively), and each of these representations and warranties (considered individually), were accurate in all material respects as of the date of this Agreement, and are accurate in all material respects as of the Closing Date as if made on the Closing Date; provided, that each representation and warranty that is qualified as to materiality were accurate in all respects as of the date of this Agreement, and are accurate in all respects as of the Closing Date as if made on the Closing Date.

6.2

THE SELLERS’ PERFORMANCE

(a) All of the covenants and obligations that each Seller is required to perform or to comply with pursuant to this Agreement at or prior to the Closing (considered collectively), and each of these covenants and obligations (considered individually), have been duly performed and complied with in all material respects.

(b) Each document required to be delivered pursuant to Section 2.4(a) and such other documents as the Buyers may reasonably request for the purpose of facilitating the consummation or performance of any of the Transactions have been delivered.

6.3

CONSENTS

All Consents, if any, required in connection with the consummation of the Transactions have been obtained and are in full force and effect.

7.	CONDITIONS PRECEDENT TO THE SELLERS’ OBLIGATION TO CLOSE

Each Seller’s obligation to sell the Shares and to take the other actions required to be taken by such Seller at the Closing is subject to the satisfaction, at or prior to the Closing, of each of the following conditions (any of which may be waived by such Seller, in whole or in part):

7.1

ACCURACY OF REPRESENTATIONS

Each Buyer’s representations and warranties in this Agreement (considered collectively), and each of these representations and warranties (considered individually), was accurate in all material respects as of the date of this Agreement and is accurate in all material respects as of the Closing Date as if made on the Closing Date; provided, that each representation and warranty that is qualified as to materiality was accurate in all respects as of the date of this Agreement, and is accurate in all respects as of the Closing Date as if made on the Closing Date.

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7.2

THE BUYERS’ PERFORMANCE

All of the covenants and obligations that each Buyer is required to perform or to comply with pursuant to this Agreement at or prior to the Closing (considered collectively), and each of these covenants and obligations (considered individually), have been performed and complied with in all material respects.

8.	GENERAL PROVISIONS

8.1

EXPENSES

Each party to this Agreement shall bear its respective expenses incurred in connection with the preparation, execution, and performance of this Agreement and the Transactions, including all fees and expenses of agents, representatives, counsel, and accountants.

8.2

ACCESS TO INFORMATION

(a) Each party hereby acknowledges that (i) it knows that each other party may have material, non-public information regarding the Company and its condition (financial and otherwise), results of operations, businesses, properties, plans (including plans regarding potential purchases of the Shares, which may be for different amounts or types of consideration) and prospects (collectively, “Information”); (ii) it has been offered access to the Information, and has reviewed such Information as it deems appropriate, and that such Information might be material to such party’s decision to sell or purchase, as applicable, the Shares or otherwise materially adverse to such party’s interests. Accordingly, without limiting any of the representations and warranties contained in this Agreement, such party acknowledges and agrees that no other party or any other Person shall have any obligation to disclose to such party any of such Information.

(b) Each party represents and warrants that it has adequate information to make an informed decision regarding the sale and purchase of the Shares and has independently and without reliance upon any other party made its own analysis and decision to sell or purchase, as the case may be, the Shares. Each party hereby waives and releases, to the fullest extent permitted by law, any and all claims and causes of action it has or may have against each other party, their respective affiliates (other than the Company) and controlling persons, and the Representatives of each of them, directly or indirectly based upon, relating to or arising out of the Transactions, including any claim or cause of action based upon, relating to or arising out of nondisclosure of the Information (other than any claim based upon a breach of any representation or warranty contained herein).

(c) Each Seller represents that: (i) it is an “accredited investor” as defined in Rule 501(a) promulgated under the Securities Act; (ii) that it has not acquired the Shares on behalf, or at the request, of the Company or any of its affiliates (other than the Buyers); and (iii) the sale of the Shares by such Seller were privately negotiated within an independent transaction and not solicited.

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8.3

PUBLIC ANNOUNCEMENTS

Subject to applicable Legal Requirements, any public announcement or similar publicity with respect to this Agreement or the Transactions shall be issued, if at all, at such time and in such manner as the Buyers and the Sellers mutually agree.

8.4

NOTICES

All notices, consents, waivers, and other communications under this Agreement must be in writing and shall be deemed to have been duly given when (a) delivered by hand (with written confirmation of receipt), (b) sent by telecopier (with written confirmation of receipt), provided that a copy is mailed by registered mail, return receipt requested, or (c) when received by the addressee, if sent by a nationally recognized overnight delivery service (receipt requested), in each case to the appropriate addresses and telecopier numbers set forth below (or to such other addresses and telecopier numbers as a party may designate by notice to the other parties):

Any Seller:

Tiger Global Management, L.L.C

101 Park Avenue 48th Floor

New York, NY 10178

Attention: Scott Shleifer

Facsimile No.: (212) 557-1701

with a copy (which shall not constitute notice) to:

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP

220 West 42^nd Street, 20^th Floor

New York, New York 10036

Attention: Brian C. Hutchings

Facsimile No.: (877) 881-3734

Any Buyer:

Great Hill Partners, LLC

One Liberty Square

Boston, Massachusetts 02109

Attention: Michael A. Kumin

Facsimile No.: (617) 790-9401

with a copy (which shall not constitute notice) to:

Proskauer Rose LLP

2049 Century Park East, Suite 3200

Los Angeles, California 90067

Attention: Michael A. Woronoff

Facsimile No.: (310) 557-2193

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8.5

JURISDICTION; SERVICE OF PROCESS

Subject to Section 8.6, the parties hereto irrevocably submit, in any legal action or proceeding relating to this Agreement, to the jurisdiction of the courts of the United States or the State of New York sitting in the Borough of Manhattan, in The City of New York and consent that any such action or proceeding may be brought in such courts and waive any objection that they may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum. Process in any action or proceeding referred to in the preceding sentence may be served on any party anywhere in the world.

8.6

ARBITRATION

Any dispute, claim or controversy arising out of or relating to this Agreement or the Breach, termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this Agreement to arbitrate, shall be determined by arbitration in New York, New York), before a mutually-agreed upon arbitrator. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures. The arbitrator shall not have any power to alter, amend, modify or change any of the terms of this Agreement nor to grant any remedy which is either prohibited by the terms of this Agreement, or not available in a court of law. The arbitrator shall issue a written reasoned award and decision that shall be consistent with and supported by the facts and the law within 90 days from the date the arbitration proceedings are initiated. Judgment on the award of the arbitrator may be entered in any court having jurisdiction thereof. This clause shall not preclude parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. The costs of the arbitration, including any administration fee, the arbitrator’s fee, and costs for the use of facilities during the hearings, shall be borne by the non-prevailing party. Attorneys’ fees may be awarded to the prevailing or most prevailing party at the discretion of the arbitrator.

8.7

FURTHER ASSURANCES

The parties agree (a) to furnish upon request to each other such further information, (b) to execute and deliver to each other such other documents, and (c) to do such other acts and things, all as the other party may reasonably request for the purpose of carrying out the intent of this Agreement and the documents referred to in this Agreement.

8.8

WAIVER

The rights and remedies of the parties to this Agreement are cumulative and not alternative. Neither the failure nor any delay by any party in exercising any right, power, or privilege under this Agreement or the documents referred to in this Agreement shall

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operate as a waiver of such right, power, or privilege, and no single or partial exercise of any such right, power, or privilege shall preclude any other or further exercise of such right, power, or privilege or the exercise of any other right, power, or privilege. To the maximum extent permitted by applicable law (a) no claim or right arising out of this Agreement or the documents referred to in this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or right unless in writing signed by the other party; (b) no waiver that may be given by a party shall be applicable except in the specific instance for which it is given; and (c) no notice to or demand on one party shall be deemed to be a waiver of any obligation of such party or of the right of the party giving such notice or demand to take further action without notice or demand as provided in this Agreement or the documents referred to in this Agreement.

8.9

ENTIRE AGREEMENT AND MODIFICATION

This Agreement supersedes all prior agreements between the parties with respect to its subject matter and constitutes (along with the documents referred to in this Agreement) a complete and exclusive statement of the terms of the agreement between the parties with respect to its subject matter. This Agreement may not be amended except by a written agreement executed by the party to be charged with the amendment.

8.10

ASSIGNMENTS, SUCCESSORS, AND NO THIRD-PARTY RIGHTS

None of the parties may assign any of its rights under this Agreement without the prior consent of the other parties, which shall not be unreasonably withheld, except that any Buyer may assign any of its rights under this Agreement to any affiliate of any Buyer. Subject to the preceding sentence, this Agreement shall apply to, be binding in all respects upon, and inure to the benefit of the successors and permitted assigns of the parties. Nothing expressed or referred to in this Agreement shall be construed to give any Person other than the parties to this Agreement any legal or equitable right, remedy, or claim under or with respect to this Agreement or any provision of this Agreement. This Agreement and all of its provisions and conditions are for the sole and exclusive benefit of the parties to this Agreement and their successors and assigns.

8.11

SEVERABILITY

If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree shall remain in full force and effect to the extent not held invalid or unenforceable.

8.12

SECTION HEADINGS, CONSTRUCTION

The headings of sections in this Agreement are provided for convenience only and shall not affect its construction or interpretation. All references to “Section” or “Sections” refer to the corresponding section or sections of this Agreement. All words used in this Agreement shall be construed to be of such gender or number as the circumstances require. Unless otherwise expressly provided, the word “including” does

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not limit the preceding words or terms. Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against any party, whether under any rule of construction or otherwise. No party to this Agreement shall be considered the draftsman.

8.13

GOVERNING LAW

This Agreement and any claims related to the subject matter hereof shall be governed by and construed in accordance with the internal laws of the State of New York; provided, that the provisions of Section 5.1 shall be governed by the laws of England and Wales.

8.14

COUNTERPARTS

This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original copy of this Agreement and all of which, when taken together, shall be deemed to constitute one and the same agreement.

[signature page to follow]

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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first written above.


THE BUYERS:

GREAT HILL INVESTORS LLC


By:
Its:		A Manager


GREAT HILL EQUITY PARTNERS III, LP

By: GREAT HILL PARTNERS GP III, LP, its General Partner

By: GHP III, LLC, its General Partner


By:
Its:		A Manager

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THE SELLERS:

TIGER GLOBAL, L.P.

By:		TIGER GLOBAL MANAGEMENT, L.L.C. its investment manager


By:
Its:

TIGER GLOBAL II, L.P.

By:		TIGER GLOBAL MANAGEMENT, L.L.C. its investment manager


By:
Its:

TIGER GLOBAL, LTD.

By:		TIGER GLOBAL MANAGEMENT, L.L.C. its investment manager


By:
Its:

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EXHIBIT A

For Great Hill Investors, LLC:

Number of Global Depositary Shares Transferred: 12,359

For Great Hill Equity Partners III, LP:

Number of Global Depositary Shares Transferred: 3,072,641

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EXHIBIT B

Ownership of Shares


Tiger Global, L.P.		2,124,331
Tiger Global II, L.P.		46,892
Tiger Global, Ltd		913,777
Total		3,085,000

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EX-99.(6) 3 dex996.htm GROUP MEMBERS GROUP MEMBERS

EXHIBIT 6

To the knowledge of the Reporting Person, Shapira is a citizen of the United States of America and Israel, his principal occupation is serving as the chairman of the board of directors of the Issuer. Shapira is the trustee of (i) the Shapira Family Trust (“SFT”) and (ii) has certain discretionary authority over the assets in the Shapira Children’s Trust (“SCT”). Shapira may be deemed to have certain discretionary authority over 12,000 Ordinary Shares pursuant to a custodial arrangement with a third-party custodian (the “Custodian”) for the benefit of Shapira’s children. The business address of Shapira, SFT and SCT is 3200 Toppington Drive, Beverly Hills, CA 90210. The business address of the Custodian is 15 Hamilton Court, 149 Maida Vale, London W9 1QR England.

To the knowledge of the Reporting Person, Carmel is a citizen of Israel, his principal occupation is private investor. The business address of Carmel is 269 South Beverly Drive, #1031, Beverly Hills, CA 90212.

To the knowledge of the Reporting Person, the name, address and principal business or occupation of the officers, directors, partners and/or controlling person(s) of the Criterion Entities, in each case, as applicable, are as follows:

Criterion Capital Partners, L.P. (“CCP”) is a California limited partnership whose principal business is that of a private investment partnership. Criterion Institutional Partners, L.P. (“CIP”) is a California limited partnership, whose principal business is that of a private investment partnership. Criterion Capital Partners, Ltd. (“CCPL”) is a Cayman Islands exempted company whose principal business is that of a private investment partnership. Criterion Capital Management, LLC (“CCM”) is a California limited liability company whose principal business is that of an investment adviser. CCM is the investment adviser of CCPL, CCP and CIP. The sole manager and controlling member of CCM is Christopher H. Lord (“Lord”), whose principal occupation is serving as the sole manager and controlling person of CCM. The business address of CCP, CIP, CCM and Lord is 435 Pacific Avenue, 5^th Floor, San Francisco, CA 94133. The business address of CCPL is c/o Walkers SPV Limited, P.O. Box 908 GT, Walker House, George Town, Grand Cayman, Cayman Islands, BWI. Lord is a citizen of the United States of America.

To the knowledge of the Reporting Person, the name, address and principal business or occupation of the officers, directors, partners and/or controlling person(s) of the Tiger Global Entities, in each case, as applicable, are as follows:

Tiger Global II, L.P. (“TGII”) is a Delaware limited partnership whose principal business is that of a private investment fund. Tiger Global, L.P. (“TGLP”) is a Delaware limited partnership, whose principal business is that of a private investment fund. Tiger Global, Ltd. (“TGLTD”) is a Cayman Islands exempted company whose principal business is that of a private investment fund. Tiger Global Management, L.L.C. (“TGM”), is a Delaware limited liability company whose principal business is serving as the management company to TGLP and TGII and the investment manager to TGLTD. Tiger Global Performance, L.L.C. (“TGP”) is a Delaware limited liability company whose principal business is that of an investment manager. TGP is the sole general partner of TGLP and TGII. Charles P. Coleman III (“Coleman”) is the sole managing member of TGM, TGP and TGII. Coleman’s principal occupation is serving as the sole managing member of TGM, TGP and TGII. The business address of TGII, TGLP, TGM and TGP is 101 Park Avenue, 48^th Floor, New York, NY 10178. The business address of TGLTD is c/o Citco Fund Services (Cayman Islands) Limited, Regatta Office Park, West Bay Road, P.O. Box 31106 SMB, Grand Cayman, Cayman Islands, BWI. Coleman is a citizen of the United States of America.

EX-99.(8) 4 dex998.htm JOINT FILING AGREEMENT JOINT FILING AGREEMENT

Exhibit 8

Agreement for Joint Filing

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, as of June 14, 2006 the undersigned each hereby agrees to the joint filing on behalf of each of them of a Statement on Schedule 13D, including amendments thereto (the “Schedule 13D”) with respect to ordinary shares, par value 0.01 pound per share, of Spark Networks plc, a public limited company registered in England and Wales under number 3628907, and further agrees that this Joint Filing Agreement be included as an exhibit to the Schedule 13D provided that, as contemplated by Section 13d-1(k)(1)(ii), no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

[Signature pages follow]

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of the date first written above.


GREAT HILL INVESTORS, LLC

By:		/s/ JOHN G. HAYES
		John G. Hayes Manager


GREAT HILL EQUITY PARTNERS II LIMITED PARTNERSHIP

By: GREAT HILL PARTNERS GP II, LLC, its General Partner

By:		/s/ JOHN G. HAYES
		John G. Hayes Manager


GREAT HILL AFFILIATE PARTNERS II, L.P.

By: GREAT HILL PARTNERS GP II, LLC, its General Partner

By:		/s/ JOHN G. HAYES
		John G. Hayes Manager


GREAT HILL PARTNERS GP II, LLC

By:		/s/ JOHN G. HAYES
		John G. Hayes Manager


GREAT HILL EQUITY PARTNERS III, L.P.

By: GREAT HILL PARTNERS GP III, L.P., its General Partner

By: GHP III, LLC, its General Partner

By:		/s/ JOHN G. HAYES
		John G. Hayes Manager


GREAT HILL PARTNERS GP III, L.P.

By: GHP III, LLC its General Partner

By:		/s/ JOHN G. HAYES
		John G. Hayes Manager


GHP III, LLC,

By:		/s/ JOHN G. HAYES
		John G. Hayes Manager



By:		/s/ STEPHEN F. GORMLEY
		Stephen F. Gormley



By:		/s/ CHRISTOPHER S. GAFFNEY
		Christopher S. Gaffney



By:		/s/ JOHN G. HAYES
		John G. Hayes



By:		/s/ MATTHEW T. VETTEL
		Matthew T. Vettel

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