Notice of Stock Option Grant - AvantGo Inc. and Gregory Waldorf
AVANTGO, INC.
1997 STOCK OPTION PLAN
NOTICE OF STOCK OPTION GRANT
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Gregory Waldorf
221 Santa Rita Ave.
Palo Alto, CA 94301
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: 07/15/99
Date of Grant (Later of Board
Approval Date or
Commencement of
Employment/Consulting): 07/15/99
Vesting Commencement Date: 07/15/99
Exercise Price Per Share: $2.50
Total Number of Shares Granted: 20,000
Total Exercise Price: $50,000.00
Type of Option: ___ Incentive Stock Option ("ISO")
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X Nonstatutory Stock Option ("NSO")
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Term/Expiration Date: 7/14/2009
Vesting Schedule This Option may be exercised
immediately, in whole or in part, and
shall vest in accordance with the
following schedule: 1/6/th/ of the
Shares subject to the Option shall
vest and become exercisable on the
six (6) month anniversary of the
Vesting Commencement Date; and
1/36/th/ of the total number of
Shares subject to the Option shall
vest on the 15/th/ of each month
thereafter; provided, however, that
100% of the Shares subject to this
option shall become vested and
immediately exercisable if the
Optionee is terminated immediately
following a transaction pursuant to
Section 11(c) of the 1997 Stock
Option Plan.
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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.
Jeff Webber: AvantGo, Inc.:
/s/ Jeffrey T. Webber /s/ Felix Lin
______________________________ By: _________________________________
Signature
Jeffrey T. Webber Felix Lin, CEO
______________________________ _____________________________________
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