Notice of Grant of Stock Options and Option Agreement - Critical Path Inc. and Robert Al Shipp
CRITICAL PATH, INC.
NOTICE OF GRANT OF STOCK OPTIONS ID: 91-1788-300
AND OPTION AGREEMENT 350 The Embarcadero
6th Floor
San Francisco, CA 94105
ROBERT AL SHIPP OPTION NUMBER: 0005056
7 GLEN HOLLOW ROAD PLAN: 1998
DANVILLE, CA USA 94506 ID: 13824
Effective 10/10/2002, you have been granted a(n) Incentive Stock Option to buy
816,324 shares of Critical Path, Inc. (the Company) stock at $0.4900 per share.
The total option price of the shares granted is $399,998.76.
Shares in each period will become fully vested on the date shown.
<TABLE>
<CAPTION>
Shares Vest Type Full Vest Expiration
------ --------- --------- ----------
<S> <C> <C> <C>
87,463 On Vest Date 4/10/2003 10/9/2012
116,618 Monthly 12/10/2003 10/9/2012
204,081 Monthly 12/10/2004 10/9/2012
204,081 Monthly 12/10/2005 10/9/2012
204,081 Monthly 10/10/2006 10/9/2012
</TABLE>
By your signature and the Company's signature below, you and the Company agree
that these options are granted under and governed by the terms and conditions of
the Company's Stock Option Plan, as amended and in effect, and the Option
Agreement applicable to such Plan, each of which is attached and made a part of
this document. This option grant may also be governed by the terms and
conditions of any written agreement between you and the Company.
--------------------------------- -----------------------------
Critical Path, Inc. Date
--------------------------------- -----------------------------
ROBERT AL SHIPP Date
Date: 10/29/2002
Time: 8:53:21AM
<PAGE>
CRITICAL PATH, INC.
NOTICE OF GRANT OF STOCK OPTIONS ID: 91-1788-300
AND OPTION AGREEMENT 350 The Embarcadero
6th Floor
San Francisco, CA 94105
ROBERT AL SHIPP OPTION NUMBER: 0005057
7 GLEN HOLLOW ROAD PLAN: 1998
DANVILLE, CA USA 94506 ID: 13824
Effective 10/10/2002, you have been granted a(n) Non-Qualified Stock Option to
buy 1,183,676 shares of Critical Path, Inc. (the Company) stock at $0.4900 per
share.
The total option price of the shares granted is $580,001.24.
Shares in each period will become fully vested on the date shown.
<TABLE>
<CAPTION>
Shares Vest Type Full Vest Expiration
------ --------- --------- ----------
<S> <C> <C> <C>
162,537 On Vest Date 4/10/2003 10/9/2012
216,715 Monthly 12/10/2003 10/9/2012
295,919 Monthly 12/10/2004 10/9/2012
295,919 Monthly 12/10/2005 10/9/2012
212,586 Monthly 10/10/2006 10/9/2012
</TABLE>
By your signature and the Company's signature below, you and the Company agree
that these options are granted under and governed by the terms and conditions of
the Company's Stock Option Plan, as amended and in effect, and the Option
Agreement applicable to such Plan, each of which is attached and made a part of
this document. This option grant may also be governed by the terms and
conditions of any written agreement between you and the Company.
---------------------------------- -----------------------------
Critical Path, Inc. Date
---------------------------------- -----------------------------
ROBERT AL SHIPP Date
Date: 10/29/2002
Time: 8:53:21AM