OPTION CANCELLATION AGREEMENT

Exhibit 10.2

OPTION CANCELLATION AGREEMENT

     This OPTION CANCELLATION AGREEMENT (the “Agreement”), dated October ____, 2005, is made by and between MIVA, Inc., a Delaware corporation (the “Company”), and [Optionee] (the “Optionee”).

     The Company previously granted to the Optionee stock options to purchase shares of Company common stock, $0.01 par value, as follows (the “Options”):

     1.      Cancellation of Options . The Options are hereby canceled and extinguished without further action by any of the parties to this Agreement. The Optionee shall execute such documents and other papers and take such further actions as may be reasonably required or desirable to evidence cancellation of the Options.

     2.      Consideration . In consideration for the cancellation of the Options, the Company agrees to grant the Optionee restricted stock units under the FindWhat.com, Inc. 1999 Stock I