Notice of Stock Option Grant - AvantGo Inc. and Richard Owen
AVANTGO, INC.
1997 STOCK OPTION PLAN
NOTICE OF STOCK OPTION GRANT
----------------------------
Richard Owen
8505 Navidad Dr.
Austin, TX 78735
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: January 25, 2000
Date of Grant (Later of Board
Approval Date or
Commencement of
Employment/Consulting): January 25, 2000
Vesting Commencement Date: January 25, 2000
Exercise Price Per Share: $2.25
Total Number of Shares Granted: 1,800,000
Total Exercise Price: $4,050,000
Type of Option: X Incentive Stock Option ("ISO")
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___ Nonstatutory Stock Option ("NSO")
Term/Expiration Date: January 25, 2010
Vesting Schedule: This Option may be exercised
immediately, in whole or in part, and
shall vest in accordance with the
following schedule: 25% of the Shares
subject to the Option shall vest on
the twelve (12) month anniversary of
the Vesting Commencement Date and
1/48 of the total number of Shares
subject to the Option shall vest on
the 24th day 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).
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.
Richard Owen.: AvantGo, Inc.:
_______________________________ By:_______________________________
Signature
_______________________________ __________________________________
Print Name Print Name and Title
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