Notice of Stock Option Grant - AvantGo Inc. and Dennis Jones
AVANTGO, INC.
1997 STOCK OPTION PLAN
NOTICE OF STOCK OPTION GRANT
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Dennis Jones
You have been granted an option to purchase Common Stock ("Common Stock")
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of AvantGo, Inc. (the "Company") as follows:
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Board Approval Date: April 7, 2000
Date of Grant (Later of Board
Approval Date or
Commencement of
Employment/Consulting): April 7, 2000
Vesting Commencement Date: April 7, 2000
Exercise Price Per Share: $2.90
Total Number of Shares Granted: 50,000
Total Exercise Price: $145,000
Type of Option: ____Incentive Stock Option ("ISO")
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X Nonstatutory Stock Option ("NSO")
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Term/Expiration Date: April 7, 2010
Vesting Schedule: This Option may be exercised immediately,
in whole or in part, and shall vest in
accordance with the following schedule:
1/6th of the Shares subject to the Option
shall vest on the six (6) month
anniversary of the Vesting Commencement
Date and 1/36th of the total number of
Shares subject to the Option shall vest
on the 7th of each month thereafter.
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Termination Period: This Option may be exercised for 45 days
after termination of employment or
consulting relationship except as set out
in Sections 6 and 7 of the Stock Option
Agreement (but in no event later than the
Expiration Date).
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By your signature and the signature of the Company's representative below,
you and the Company agree that this Option is granted under and governed by the
terms and conditions of the 1997 Stock Option Plan and the Stock Option
Agreement, both of which are attached and made a part of this document.
Dennis Jones: AvantGo, Inc.:
--------------------------- By: /s/ Felix Lin
Signature --------------------------
Felix Lin, Chairman of the Board
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