AEROHIVE NETWORKS, INC. - 2014 EQUITY INCENTIVE PLAN
NOTICE OF STOCK OPTION GRANT & STOCK OPTION AGREEMENT
You have been granted an option to purchase Common Stock of Aerohive Networks,
Inc. (the “Company”), subject to the terms and conditions of the Aerohive
Networks, Inc. 2014 Equity Incentive Plan (the “Plan”) and this Stock Option
Agreement (the “Agreement”), as follows (the “Option”):
 
Participant
 
 
 
Option Grant Number
 
 
 
Date of Grant
 
 
 
Vesting Commencement Date
 
 
 
Number of Shares subject to Option
 
 
 
Exercise Price per Share
 
 
 
Type of Option
 
Incentive Stock Option
 
 
 
Nonstatutory Stock Option
 
Expiration Date of Option

 
 

Vesting Schedule:
Subject to accelerated vesting as provided in the Plan, or to the extent set
forth below, this Option will be exercisable, in whole or in part, in accordance
with the following schedule:
[
]

Capitalized terms not defined in this Agreement, including this Notice of Stock
Option Grant (the “Notice of Grant”), the Terms and Conditions of Stock Option
Grant, attached hereto as Exhibit A, and, if you currently are or subsequently
transfer outside of the United States, Special Provisions for Participants
Outside of the U.S., attached hereto as Exhibit C (or otherwise made available
to Participant), shall have the meaning given to them in the Plan.

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Termination Period:
This Option will be exercisable for three (3) months after you cease to be a
Service Provider, unless such termination is due to your death or Disability, in
which case this Option will be exercisable for twelve (12) months after you
cease to be a Service Provider, with respect to those Shares that have vested as
of the date of your termination as a Service Provider. Notwithstanding the
foregoing sentence, in no event may this Option be exercised after the
Expiration Date, as provided above. This Option is also subject to earlier
termination as provided in Section 14(c) of the Plan.
By our signatures, you and the Company agree that this Option is governed by the
terms and conditions of the Plan and this Agreement, including exhibits hereto,
all of which are made an integrated and single agreement. You confirm that you
have had the opportunity to review the Plan and this Agreement in their entirety
and to obtain the advice of counsel prior to executing this Agreement, and that
you fully understand all provisions of the Plan and Agreement. You further agree
to accept as binding, conclusive and final all decisions or interpretations of
the Administrator of any questions relating to the Plan and Agreement.

 
PARTICIPANT:
 
 
AEROHIVE NETWORKS, INC.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Signature
 
 
Steve Debenham
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Print Name
 
 
VP, General Counsel and Corporate Secretary
 
 
 
 
 
 
 
 
Residence Address:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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EXHIBIT A
TERMS AND CONDITIONS OF STOCK OPTION GRANT
1.Grant of Option. The Company hereby grants to the Participant named in the
Notice of Grant (the “Participant”) an option (the “Option”) to purchase the
number of Shares, as set forth in the Notice of Grant, at the exercise price per
Share set forth in the Notice of Grant (the “Exercise Price”), subject to all of
the terms and conditions in this Agreement and the Plan, which is incorporated
herein by reference. Subject to Section 19(c) of the Plan, in the event of a
conflict between the terms and conditions of the Plan and the terms and
conditions of this Agreement, the terms and conditions of the Plan will prevail.
If designated in the Notice of Grant as an Incentive Stock Option (“ISO”), this
Option is intended to qualify as an ISO under Section 422 of the Internal
Revenue Code of 1986, as amended (the “Code”). However, if this Option is
intended to be an Incentive Stock Option, to the extent that it exceeds the
$100,000 rule of Code Section 422(d) it will be treated as a Nonstatutory Stock
Option (“NSO”). Further, if for any reason this Option (or portion thereof) will
not qualify as an ISO, then, to the extent of such nonqualification, such Option
(or portion thereof) shall be regarded as a NSO granted under the Plan. In no
event will the Administrator, the Company or any Parent or Subsidiary or any of
their respective employees or directors have any liability to Participant (or
any other person) due to the failure of the Option to qualify for any reason as
an ISO.
2.    Vesting Schedule. Except as provided in Section 3, the Option awarded by
this Agreement will vest in accordance with the vesting provisions set forth in
the Notice of Grant. Shares scheduled to vest on a certain date or upon the
occurrence of a certain condition will not vest in Participant in accordance
with any of the provisions of this Agreement, unless Participant will have been
continuously a Service Provider from the Date of Grant until the date such
vesting occurs.
3.    Administrator Discretion. The Administrator, in its discretion, may
accelerate the vesting of the balance, or some lesser portion of the balance, of
the unvested Option at any time, subject to the terms of the Plan. If so
accelerated, such Option will be considered as having vested as of the date
specified by the Administrator.
4.    Exercise of Option.
(a)    Right to Exercise. This Option may be exercised only within the term set
out in the Notice of Grant, and may be exercised during such term only in
accordance with the Plan and the terms of this Agreement.
(b)    Method of Exercise. This Option is exercisable by delivery of an exercise
notice, in the form attached as Exhibit B (the “Exercise Notice”) or in a manner
and pursuant to such procedures as the Administrator may determine, which will
state the election to exercise the Option, the number of Shares in respect of
which the Option is being exercised (the “Exercised Shares”), and such other
representations and agreements as may be required by the Company pursuant to the
provisions of the Plan. The Exercise Notice will be completed by Participant and
delivered to the Company. The Exercise Notice will be accompanied by payment of
the aggregate Exercise Price as to all Exercised Shares together with any
applicable tax withholding. This Option will be deemed to be exercised upon
receipt by the Company of such fully executed Exercise Notice accompanied by the
aggregate Exercise Price.
5.    Method of Payment. Payment of the aggregate Exercise Price will be by any
of the following, or a combination thereof, at the election of Participant:
(a)    cash;
(b)    check;
(c)    consideration received by the Company under a formal cashless exercise
program adopted by the Company in connection with the Plan; or

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(d)    surrender of other Shares which have a Fair Market Value on the date of
surrender equal to the aggregate Exercise Price of the Exercised Shares,
provided that accepting such Shares, in the sole discretion of the
Administrator, will not result in any adverse accounting consequences to the
Company.
6.    Tax Obligations.
(a)    Withholding of Taxes. Notwithstanding any contrary provision of this
Agreement, no certificate representing the Shares will be issued to Participant,
unless and until satisfactory arrangements (as determined by the Administrator)
will have been made by Participant with respect to the payment of income,
employment, social insurance, payroll and other taxes which the Company
determines must be withheld with respect to such Shares. To the extent
determined appropriate by the Company in its discretion, it will have the right
(but not the obligation) to satisfy any tax withholding obligations by reducing
the number of Shares otherwise deliverable to Participant. If Participant fails
to make satisfactory arrangements for the payment of any required tax
withholding obligations hereunder at the time of the Option exercise,
Participant acknowledges and agrees that the Company may refuse to honor the
exercise and refuse to deliver the Shares if such withholding amounts are not
delivered at the time of exercise.
(b)    Notice of Disqualifying Disposition of ISO Shares. If the Option granted
to Participant herein is an ISO, and if Participant sells or otherwise disposes
of any of the Shares acquired pursuant to the ISO on or before the later of (i)
the date two (2) years after the Grant Date, or (ii) the date one (1) year after
the date of exercise, Participant will immediately notify the Company in writing
of such disposition. Participant agrees that Participant may be subject to
income tax withholding by the Company on the compensation income recognized by
Participant.
(c)    Code Section 409A. Under Code Section 409A, an option that vests after
December 31, 2004 (or that vested on or prior to such date but which was
materially modified after October 3, 2004) that was granted with a per Share
exercise price that is determined by the Internal Revenue Service (the “IRS”) to
be less than the Fair Market Value of a Share on the date of grant (a “Discount
Option”) may be considered “deferred compensation.” A Discount Option may result
in (i) income recognition by Participant prior to the exercise of the option,
(ii) an additional twenty percent (20%) federal income tax, and (iii) potential
penalty and interest charges. The Discount Option may also result in additional
state income, penalty and interest charges to the Participant. Participant
acknowledges that the Company cannot and has not guaranteed that the IRS will
agree that the per Share exercise price of this Option equals or exceeds the
Fair Market Value of a Share on the Date of Grant in a later examination.
Participant agrees that if the IRS determines that the Option was granted with a
per Share exercise price that was less than the Fair Market Value of a Share on
the date of grant, Participant will be solely responsible for Participant’s
costs related to such a determination.
7.    Rights as Stockholder. Neither Participant nor any person claiming under
or through Participant will have any of the rights or privileges of a
stockholder of the Company in respect of any Shares deliverable hereunder unless
and until certificates representing such Shares will have been issued, recorded
on the records of the Company or its transfer agents or registrars, and
delivered to Participant. After such issuance, recordation and delivery,
Participant will have all the rights of a stockholder of the Company with
respect to voting such Shares and receipt of dividends and distributions on such
Shares.
8.    No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES
THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED
ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE
PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT
OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER.
PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE
TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO
NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A
SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT
INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE COMPANY (OR
THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE
PARTICIPANT’S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT
CAUSE.

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9.    Address for Notices. Any notice to be given to the Company under the terms
of this Agreement will be addressed to the Company at Aerohive Networks, Inc.,
330 Gibraltar Drive, Sunnyvale, CA 94089, or at such other address as the
Company may hereafter designate in writing.
10.    Non-Transferability of Option. This Option may not be transferred in any
manner otherwise than by will or by the laws of descent or distribution and may
be exercised during the lifetime of Participant only by Participant.
11.    Binding Agreement. Subject to the limitation on the transferability of
this grant contained herein, this Agreement will be binding upon and inure to
the benefit of the heirs, legatees, legal representatives, successors and
assigns of the parties hereto.
12.    Additional Conditions to Issuance of Stock. If at any time the Company
will determine, in its discretion, that the listing, registration, qualification
or rule compliance of the Shares upon any securities exchange or under any
state, federal or foreign law, the tax code and related regulations or the
consent or approval of any governmental regulatory authority is necessary or
desirable as a condition to the purchase by, or issuance of Shares to,
Participant (or his or her estate) hereunder, such purchase or issuance will not
occur unless and until such listing, registration, qualification, rule
compliance, consent or approval will have been completed, effected or obtained
free of any conditions not acceptable to the Company. The Company will make all
reasonable efforts to meet the requirements of any such state, federal or
foreign law or securities exchange and to obtain any such consent or approval of
any such governmental authority or securities exchange. Assuming such
compliance, for income tax purposes the Exercised Shares will be considered
transferred to Participant on the date the Option is exercised with respect to
such Exercised Shares.
13.    Plan Governs. This Agreement is subject to all terms and provisions of
the Plan. In the event of a conflict between one or more provisions of this
Agreement and one or more provisions of the Plan, the provisions of the Plan
will govern. Capitalized terms used and not defined in this Agreement will have
the meaning set forth in the Plan.
14.    Administrator Authority. The Administrator will have the power to
interpret the Plan and this Agreement and to adopt such rules for the
administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules (including, but not limited
to, the determination of whether or not any Shares subject to the Option have
vested). All actions taken and all interpretations and determinations made by
the Administrator in good faith will be final and binding upon Participant, the
Company and all other interested persons. No member of the Administrator will be
personally liable for any action, determination or interpretation made in good
faith with respect to the Plan or this Agreement.
15.    Electronic Delivery. The Company may, in its sole discretion, decide to
deliver any documents related to Options awarded under the Plan or future
options that may be awarded under the Plan by electronic means or request
Participant’s consent to participate in the Plan by electronic means.
Participant hereby consents to receive such documents by electronic delivery and
agrees to participate in the Plan through any on-line or electronic system
established and maintained by the Company or third party designated by the
Company.
16.    Captions. Captions provided herein are for convenience only and are not
to serve as a basis for interpretation or construction of this Agreement.
17.    Agreement Severable. In the event that any provision in this Agreement
will be held invalid or unenforceable, such provision will be severable from,
and such invalidity or unenforceability will not be construed to have any effect
on, the remaining provisions of this Agreement.
18.    Modifications to the Agreement. This Agreement constitutes the entire
understanding of the parties on the subjects covered. Participant expressly
warrants that he or she is not accepting this Agreement in reliance on any
promises, representations, or inducements other than those contained herein.
Modifications to this Agreement or the Plan can be made only in an express
written contract executed by a duly authorized officer of the Company.
Notwithstanding anything to the contrary in the Plan or this Agreement, the
Company reserves the right to revise this Agreement as it deems necessary or

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advisable, in its sole discretion and without the consent of Participant, to
comply with Code Section 409A or to otherwise avoid imposition of any additional
tax or income recognition under Section 409A of the Code in connection to this
Option.
19.    Special Provisions for Participants Outside the U.S. This Option and the
Shares acquired under the Plan shall be subject to any special terms and
conditions for Participant’s country set forth in Exhibit C to this Agreement.
Moreover, if Participant relocates to one of the countries included in Exhibit
C, the special terms and conditions for such country will apply to him or her,
to the extent that the Administrator determines that application of such terms
and conditions is necessary or advisable for legal or administrative reasons.
Exhibit C constitutes part of this Agreement. Exhibit C is attached hereto
and/or available on the Company’s intranet.
20.    Imposition of Other Requirements. The Company reserves the right to
impose other requirements on the Option and on any Shares acquired at exercise
of the Option, to the extent that the Administrator determines it is necessary
for legal or administrative reasons, and to require Participant to sign any
additional agreements or undertakings that may be necessary to accomplish the
foregoing.
21.    Amendment, Suspension or Termination of the Plan. By accepting this
Award, Participant expressly warrants that he or she has received an Option
under the Plan, and has received, read and understood a description of the Plan.
Participant understands that the Plan is discretionary in nature and may be
amended, suspended or terminated by the Company at any time.
22.    Governing Law; Venue. This Agreement will be governed by the laws of
California, without giving effect to the conflict of law principles thereof. For
purposes of litigating any dispute that arises under this Option or this
Agreement, the parties hereby submit to and consent to the jurisdiction of the
State of California, and agree that such litigation will be conducted in the
courts of Santa Clara County, California, or the federal courts for the United
States for the Northern District of California, and no other courts, where this
Option is made and/or to be performed.

EXHIBIT B
AEROHIVE NETWORKS, INC.
2014 EQUITY INCENTIVE PLAN
EXERCISE NOTICE

Aerohive Networks, Inc.
330 Gibraltar Drive
Sunnyvale, CA 94089
Attention: Stock Administration

1.Exercise of Option. Effective as of today, ________________, _____, the
undersigned (“Purchaser”) hereby elects to purchase ______________ shares (the
“Shares”) of the Common Stock of Aerohive Networks, Inc. (the “Company”) under
and pursuant to the 2014 Equity Incentive Plan (the “Plan”) and the Stock Option
Agreement dated ________, including the exhibits thereto (collectively, the
“Agreement”). The purchase price for the Shares will be $_____________, as
required by the Agreement.
2.    Delivery of Payment. Purchaser herewith delivers to the Company the full
purchase price of the Shares and any required tax withholding to be paid in
connection with the exercise of the Option.

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3.    Representations of Purchaser. Purchaser acknowledges that Purchaser has
received, read and understood the Plan and the Agreement and agrees to abide by
and be bound by their terms and conditions.
4.    Rights as Stockholder. Until the issuance (as evidenced by the appropriate
entry on the books of the Company or of a duly authorized transfer agent of the
Company) of the Shares, no right to vote or receive dividends or any other
rights as a stockholder will exist with respect to the Shares subject to the
Option, notwithstanding the exercise of the Option. The Shares so acquired will
be issued to Purchaser as soon as practicable after exercise of the Option. No
adjustment will be made for a dividend or other right for which the record date
is prior to the date of issuance, except as provided in Section 14 of the Plan.
5.    Tax Consultation. Purchaser understands that Purchaser may suffer adverse
tax consequences as a result of Purchaser’s purchase or disposition of the
Shares. Purchaser represents that Purchaser has consulted with any tax
consultants Purchaser deems advisable in connection with the purchase or
disposition of the Shares and that Purchaser is not relying on the Company for
any tax advice.
6.    Entire Agreement; Governing Law. The Plan and Agreement are incorporated
herein by reference. This Exercise Notice, the Plan and the Agreement constitute
the entire agreement of the parties with respect to the subject matter hereof
and supersede in their entirety all prior undertakings and agreements of the
Company and Purchaser with respect to the subject matter hereof, and may not be
modified adversely to the Purchaser’s interest except by means of a writing
signed by the Company and Purchaser. This agreement is governed by the internal
substantive laws, but not the choice of law rules, of California.

 
Submitted by:
 
 
Accepted by:
 
 
PURCHASER
 
 
AEROHIVE NETWORKS, INC.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Signature
 
 
By
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Print Name
 
 
Its
 
 
 
 
 
 
 
 
Address:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Date Received
 

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EXHIBIT C

SPECIAL PROVISIONS FOR
PARTICIPANTS OUTSIDE OF THE U.S.

TERMS AND CONDITIONS
This Exhibit C, which is part of the Stock Option Agreement (the “Agreement”),
contains additional or different terms and conditions that govern the Option if
Participant is outside of the United States. The terms and conditions in Part A
apply to all Participants outside of the United States. The country-specific
terms and conditions in Part B also will apply to Participants located in any of
the countries listed in Part B. Capitalized terms used and not defined in this
Exhibit C have the meaning given to them in the Agreement and/or the Plan, as
applicable.
If Participant is a citizen or resident of a country other than the one in which
he or she is currently working, is considered a resident of another country for
local law purposes or transfers employment and/or residency between countries
after the Date of Grant, the Administrator will, in its sole discretion,
determine the extent to which the terms and conditions included herein will
apply to Participant under such circumstances.
NOTIFICATIONS
This Exhibit C also includes notifications regarding exchange control and
certain other issues of which Participant should be aware with respect to his or
her participation in the Plan. The information is based on the exchange control,
securities and other laws in effect in the respective countries as of May 2014.
Such laws are often complex and change frequently. The Company therefore
strongly recommends that Participant not rely on the information in this Exhibit
C as the only source of information relating to the consequences of his or her
participation in the Plan because such information may be outdated when the
Option vests, when the Option is exercised and Shares are issued to Participant
and/or when Participant sells any Exercised Shares.
In addition, the information contained in this Exhibit C is general in nature
and may not apply to Participant’s particular situation. As a result, the
Company cannot assure Participant of any particular result. Participant is
therefore advised to seek appropriate professional advice as to how the relevant
laws in Participant’s country may apply to his or her situation.
Finally, if Participant is a citizen or resident of a country other than the one
in which he or she is currently working, is considered a resident of another
country for local law purposes, or transfers employment and/or residency between
countries after the Date of Grant, the information contained herein may not
apply to Participant in the same manner.

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A.    ALL NON-U.S. COUNTRIES
TERMS AND CONDITIONS
1.    Method of Payment. The following provision supplements Section 5 of
Exhibit A:
Due to administrative reasons, payment of the Exercise Price by the surrender of
Shares which have a Fair Market Value on the date of surrender equal to the
Exercise Price is not an available method of exercise under this Agreement. 
Part B of this Exhibit C may limit the available methods of payment of the
Exercise Price for Participants in certain countries.  The available methods of
payment of the Exercise Price are, in any case, subject to such methods being
permitted under applicable laws.
2.    Responsibility for Taxes. The following provision replaces Section 6 of
Exhibit A:
Participant acknowledges that, regardless of any action that the Company or the
Parent or Subsidiary for which Participant is a Service Provider (the
“Employer”) takes with respect to any or all income tax, social insurance,
payroll tax, fringe benefits tax, payment on account or other tax-related items
related to Participant’s participation in the Plan and legally applicable to
Participant (“Tax-Related Items”), the ultimate liability for all Tax-Related
Items is and remains Participant’s responsibility and may exceed the amount
actually withheld by the Company or the Employer, as applicable. Participant
further acknowledges that the Company and/or the Employer (a) make no
representations or undertakings regarding the treatment of any Tax-Related Items
in connection with any aspect of the Option, including, but not limited to, the
grant, vesting or exercise of the Option, the issuance of Shares at exercise,
the subsequent sale of Shares acquired at exercise and the receipt of any
dividends; and (b) do not commit to and are under no obligation to structure the
terms of the grant or any aspect of the Option to reduce or eliminate
Participant’s liability for Tax-Related Items or to achieve any particular tax
result. Further, if Participant is subject to Tax-Related Items in more than one
jurisdiction, Participant acknowledges that the Company and/or the Employer (or
former employer, as applicable) may be required to withhold or account for
Tax-Related Items in more than one jurisdiction.
Prior to any relevant taxable or tax withholding event, as applicable,
Participant shall pay or make adequate arrangements satisfactory to the Company
and/or the Employer to satisfy all Tax-Related Items. In this regard,
Participant authorizes the Company and/or the Employer, or their respective
agents, at their discretion, to satisfy any withholding obligation for
Tax-Related Items by one or a combination of the following:
(i)    withholding from Participant’s wages or other cash compensation paid to
him or her by the Company and/or the Employer; or
(ii)    withholding from proceeds of the sale of Shares acquired at exercise,
either through a voluntary sale or through a mandatory sale arranged by the
Company (on Participant’s behalf pursuant to this authorization without further
consent); or
(iii)    withholding in Shares to be issued at exercise of the Option.
Depending on the withholding method, the Company may withhold or account for
Tax-Related Items by considering applicable minimum statutory withholding rates
or other applicable withholding rates, including maximum rates, in which case
Participant will receive a refund of any over-withheld amounts in cash and will
have no entitlement to the equivalent amount in Shares. If the obligation for
Tax-Related Items is satisfied by withholding in Shares, for tax purposes,
Participant is deemed to have been issued the full number of Shares,
notwithstanding that some Shares are held back solely for the purpose of paying
the Tax-Related Items.

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Finally, Participant agrees to pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold
or account for as a result of Participant’s participation in the Plan that
cannot be satisfied by the means previously described. The Company may refuse to
issue or deliver Shares or the proceeds of the sale of Shares if Participant
fails to comply with his or her obligations in connection with the Tax-Related
Items.
3.    Nature of the Option. The following provision replaces Section 8 of
Exhibit A:
In accepting the Option, Participant acknowledges, understands, and agrees that:
(a)    the Plan is established voluntarily by the Company, is discretionary in
nature and may be modified, amended, suspended or terminated by the Company at
any time, to the extent permitted by the Plan;
(b)    the grant of the Option is voluntary and occasional and does not create
any contractual or other right to future grants of stock options or other
grants, or benefits in lieu of stock options, even if stock options have been
granted in the past;
(c)    all decisions with respect to future stock options or other grants, if
any, will be at the sole discretion of the Company;
(d)    the Option and Participant’s participation in the Plan shall not create a
right to employment or be interpreted as forming an employment or service
contract with the Company, the Employer, or any Parent or Subsidiary and shall
not interfere with the ability of the Company, the Employer, or any Parent or
Subsidiary to terminate Participant’s status as a Service Provider (if any);
(e)    Participant is voluntarily participating in the Plan;
(f)    the Option and the Shares subject to the Option are not intended to
replace any pension rights or compensation;
(g)    the Option and the Shares subject to the Option, and any income from and
value of the same, are not part of normal or expected compensation or salary for
any purposes, including, but not limited to, calculation of any severance,
resignation, termination, redundancy, dismissal, end-of-service payments,
bonuses, long-service awards, pension or retirement or welfare benefits or
similar payments;
(h)    the future value of the Shares subject to the Option is unknown,
indeterminable, and cannot be predicted with certainty;
(i)    if the value of the Shares subject to the Option does not increase, the
Option will have no value;
(j)    if Participant exercises the Option and obtains Shares, the value of the
Shares may increase or decrease, even below the Exercise Price;
(k)    no claim or entitlement to compensation or damages shall arise from
forfeiture of the Option resulting from Participant’s termination as a Service
Provider (for any reason whatsoever and regardless of whether later found to be
invalid or in breach of employment laws in the jurisdiction where Participant is
engaged as a Service Provider or the terms of Participant’s employment or
service agreement, if any) and in consideration of the Option, to which
Participant is not otherwise entitled, Participant irrevocably agrees never to
institute any claim against the Company, the Employer, or

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any Parent or Subsidiary, waives his or her ability, if any, to bring any such
claim, and releases the Company, the Employer, and any Parent or Subsidiary from
any such claim; if, notwithstanding the foregoing, any such claim is allowed by
a court of competent jurisdiction, then by participating in the Plan,
Participant shall be deemed irrevocably to have agreed not to pursue such claims
and agrees to execute any and all documents necessary to request dismissal or
withdrawal of such claims;
(l)    for purposes of the Option, Participant’s status as a Service Provider
will be considered terminated as of the date he or she is no longer actively
providing services to the Company or any Parent or Subsidiary (regardless of the
reason for such termination and regardless of whether later found to be invalid
or in breach of employment laws in the jurisdiction where Participant is engaged
as a Service Provider or the terms of Participant’s employment or service
agreement, if any), and, unless otherwise expressly provided in this Agreement,
Participant’s right to vest in the Option under the Plan, if any, will terminate
as of such date and will not be extended by any notice period (e.g., the period
during which Participant is considered a Service Provider would not include any
contractual notice period or any period of “garden leave” or similar period
mandated under employment laws in the jurisdiction where Participant is engaged
as a Service Provider or the terms of Participant’s employment or service
agreement, if any); similarly, Participant’s right to exercise the Option after
termination, if any, will be measured from such date and will not be extended by
any notice period; the Administrator shall have the exclusive discretion to
determine when Participant is no longer actively providing services for purposes
of the Option (including, subject to Section 12 of the Plan, whether Participant
may still be considered to be providing services while on a leave of absence);
and
(m)    neither the Company nor the Employer nor any Parent or Subsidiary will be
liable for any foreign exchange rate fluctuation between Participant’s local
currency and the United States Dollar that may affect the value of the Option or
of any amounts due to Participant pursuant to the Option or the subsequent sale
of any Shares acquired under the Plan.
4.    No Advice Regarding Grant. The Company is not providing any tax, legal or
financial advice, nor is the Company making any recommendations regarding
Participant’s participation in the Plan, or Participant’s acquisition or sale of
the underlying Shares. Participant is hereby advised to consult his or her own
personal tax, legal and financial advisors regarding Participant’s participation
in the Plan before taking any action related to the Plan.
5.    Additional Conditions to Issuance of Stock. The following provision
replaces the last sentence of Section 12 of Exhibit A:
Neither the Company nor the Employer nor any Parent or Subsidiary will be liable
to Participant if the Company does not meet the requirements of any such state,
federal or foreign law or securities exchange or does not obtain any such
consent or approval of any such governmental authority or securities exchange.
6.    Insider-Trading Restrictions / Market-Abuse Laws. Participant acknowledges
that, depending on his or her country of residence, Participant may be subject
to insider-trading restrictions and/or market-abuse laws, which may affect
Participant’s ability to acquire or sell Shares or rights to Shares (e.g., the
Option) under the Plan during such times as Participant is considered to have
“inside information” regarding the Company (as defined by the laws in
Participant’s country). Any restrictions under these laws or regulations are
separate from and in addition to any restrictions that may be imposed under any
applicable Company insider-trading policy. Participant should consult his or her
personal legal advisor for further details regarding any insider-trading
restrictions and/or market-abuse laws in Participant’s country.
7.    Data Privacy.
Participant hereby voluntarily consents to the collection, use and transfer, in
electronic or other form, of his or her personal data as described in this
Agreement and any other Option materials (“Data”) by and among, as applicable,

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the Employer, the Company, and any Parent or Subsidiary for the exclusive
purpose of implementing, administering and managing Participant’s participation
in the Plan.
Participant understands that the Company and the Employer may hold certain
personal information about Participant, including, but not limited to,
Participant’s name, home address and telephone number, date of birth, social
insurance number or other identification number, salary, nationality, job title,
any Shares or directorships held in the Company, details of all Options or any
other Awards granted, canceled, exercised, vested, unvested or outstanding in
Participant’s favor, for the exclusive purpose of implementing, administering
and managing the Plan.
Participant understands that Data will be transferred to E*TRADE Financial
Corporate Services Inc. and its affiliated companies (“E*Trade”), or such other
stock plan service provider as may be selected by the Company in the future,
which is assisting the Company with the implementation, administration and
management of the Plan. Participant understands that the recipients of Data may
be located in the United States or elsewhere, and that the recipients’ country
(e.g., the United States) may have different data privacy laws and protections
than Participant’s country. Participant understands that Participant may request
a list with the names and addresses of any potential recipients of Data by
contacting Participant’s local human resources representative. Participant
authorizes the Company, and any other third parties which may assist the Company
(presently or in the future) with implementing, administering and managing the
Plan to receive, possess, use, retain and transfer Data, in electronic or other
form, for the sole purpose of implementing, administering and managing
Participant’s participation in the Plan. Participant understands that Data will
be held only as long as is necessary to implement, administer and manage
Participant’s participation in the Plan. Participant understands that
Participant may, at any time, view Data, request additional information about
the storage and processing of Data, require any necessary amendments to Data or
refuse or withdraw the consents herein, in any case without cost, by contacting
in writing Participant’s local human resources representative. Further,
Participant understands that Participant is providing the consents herein on a
purely voluntary basis. If Participant does not consent, or if Participant later
seeks to revoke Participant’s consent, Participant’s status as a Service
Provider and career with the Employer will not be adversely affected; the only
consequence of refusing or withdrawing Participant’s consent is that the Company
would not be able to grant the Option or other Awards to Participant or
administer or maintain such Awards. Therefore, Participant understands that
refusing or withdrawing Participant’s consent may affect Participant’s ability
to participate in the Plan. For more information on the consequences of
Participant’s refusal to consent or withdrawal of consent, Participant
understands that he or she may contact his or her local human resources
representative.
8.    Language. If Participant has received this Agreement or any other document
related to the Plan translated into a language other than English and if the
meaning of the translated version differs from the English version, the English
version shall control.

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B.    COUNTRY-SPECIFIC TERMS AND NOTIFICATIONS
AUSTRALIA
TERMS AND CONDITIONS

Vesting Schedule. The following provision supplements Section 2 of Exhibit A:

In addition to vesting provisions set forth in the Notice of Stock Option Grant
and described in Section 2 of Exhibit A, this Option will be exercisable only
if, and starting on the fifth consecutive trading day on which, the Fair Market
Value per Share exceeds the Exercise Price per Share. For the avoidance of
doubt, this provision also applies to any unvested Option held by Participant if
he or she transfers to Australia after the Date of Grant, as determined by the
Administrator in its sole and absolute discretion.

NOTIFICATIONS

Securities Law Information.  If Participant acquires Shares under the Plan and
offer the Shares for sale to a person or entity resident in Australia, the offer
may be subject to disclosure requirements under Australian law. Participant
should consult his or her personal legal advisor regarding any applicable
disclosure obligations before to making any such offer.
BELGIUM
TERMS AND CONDITIONS
Tax Considerations. Participant will receive a separate offer letter, acceptance
form, and undertaking form in addition to the Agreement. Participant should
refer to the offer letter for information regarding the tax consequences of
choosing to accept the Option. Participant should consult his or her personal
tax advisor for further details regarding the tax consequences.
NOTIFICATIONS
Foreign Asset / Account Reporting Information. Participant must report any
security and bank accounts opened and maintained outside of Belgium on his or
her annual tax return.
BRAZIL
TERMS AND CONDITIONS
Compliance with Law. By accepting the Option, Participant agrees to comply with
all applicable Brazilian laws and to pay any and all applicable Tax-Related
Items associated with exercise of the Option, the issuance of Shares, the sale
of Shares acquired under the Plan, or the receipt of any dividends in the
future.

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NOTIFICATIONS
Exchange Control Information. If Participant is resident or domiciled in Brazil,
Participant must submit an annual declaration of assets and rights held outside
of Brazil, including Shares acquired under the Plan, to the Central Bank of
Brazil if the aggregate value of such assets and rights is at least US$100,000.
Participant should consult his or her personal legal advisor for further details
regarding this requirement.
CANADA
TERMS AND CONDITIONS
Nature of Award. The following provision replaces Part A, Section 3(l) of this
Exhibit C:
For purposes of the Option, Participant’s status as a Service Provider shall be
considered terminated as of the earlier of (a) the date on which Participant’s
status as a Service Provider is terminated; (b) the date on which Participant
receives a written notice of termination as a Service Provider, regardless of
any notice period or period of pay in lieu of notice required under any
employment law in the country where Participant resides (including, but not
limited to, statutory law, regulatory law, and/or common law), even if such law
is otherwise applicable to Participant’s benefits from the Employer; or (c) the
date Participant is no longer actively providing services to the Company or any
Parent or Subsidiary (regardless of the reason for such termination and
regardless of whether later found to be invalid or in breach of employment laws
in the jurisdiction where Participant is engaged as a Service Provider or the
terms of any employment or service agreement), and, unless otherwise expressly
provided in this Agreement or determined by the Administrator, Participant’s
right to vest in the Option under the Plan, if any, will terminate as of such
date and Participant’s right to exercise the Option after termination, if any,
will be measured from such date; the Administrator shall have the sole and
absolute discretion to determine when Participant is no longer a Service
Provider for purposes of the Option.
The following provisions apply only if Participant is in Quebec:
Consent to Receive Information in English. The parties acknowledge that it is
their express wish that the Agreement, as well as all documents, notices, and
legal proceedings entered into, given, or instituted pursuant hereto or relating
directly or indirectly hereto, be drawn up in English.
Les parties reconnaissent avoir expressement souhaité que la convention
[«Agreement»], ainsi que tous les documents, avis et procédures judiciaries,
éxecutés, donnés ou intentés en vertu de, ou lié, directement ou indirectement à
la présente convention, soient rédigés en langue anglaise.
Data Privacy. The following provision supplements Part A, Section 7 of this
Exhibit C:
Participant hereby authorizes the Company and the Company’s representatives to
discuss and obtain all relevant information from all personnel, professional or
non-professional, involved in administration of the Plan. Participant further
authorizes the Company, the Employer, and/or any Parent or Subsidiary, as well
as E*Trade (or such other stock plan service provider as may be selected by the
Company to assist with implementation, administration, and management of the
Plan) to disclose and discuss such information with their advisors. Participant
also authorizes the Company, the Employer, and/or any Parent or Subsidiary to
record such information and to keep such information in Participant’s employment
file.

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NOTIFICATIONS
Securities Law Information. Participant is permitted to sell Shares acquired
under the Plan through the designated broker under the Plan, if any, provided
that the resale of such Shares takes place outside of Canada through the
facilities of a stock exchange on which the Shares are listed. The Shares are
currently listed on the New York Stock Exchange in the United States of America.
Foreign Asset / Account Reporting Information. Participant must report any
foreign property (including Option and Shares) on Form T1135 (Foreign Income
Verification Statement) if the total value of his or her foreign property
exceeds C$100,000 at any time during the year. Participant should consult his or
her personal tax advisor for further details regarding this requirement.
CHINA
TERMS AND CONDITIONS
The following terms and conditions apply to Participants in China who are
subject to PRC exchange control laws, as determined by the Administrator in its
sole and absolute discretion.
Termination Period. The following provision revises the “Termination Period”
provision in the Notice of Grant:
If Participant ceases to be a Service Provider due to death or Disability, the
Option will be exercisable for six (6) months after Participant ceases to be a
Service Provider, with respect to those Shares that have vested as of the date
of termination.
Vesting Schedule. The following provision supplements Section 2 of Exhibit A:
In addition to the vesting provisions set forth in the Notice of Stock Option
Grant and described in Section 2 of Exhibit A, the Option granted by this
Agreement shall not vest and become exercisable unless and until the date on
which the Company (or a Parent or Subsidiary, as applicable) has obtained
approval from the PRC State Administration of Foreign Exchange (“SAFE”) to
permit the operation of the Plan and the issuance of Shares under the Plan in
China, as determined by the Administrator in its sole and absolute discretion.
Method of Payment. The following supplements Section 5 of Exhibit A:
To facilitate compliance with exchange control laws in China, payment of the
aggregate Exercise Price will be by consideration received by the Company under
a formal cashless exercise program adopted by the Company in connection with the
Plan, pursuant to which all of the Exercised Shares are sold immediately upon
exercise and the sale proceeds, less the aggregate Exercise Price for the
Exercised Shares, any Tax-Related Items, any broker’s fees or commissions and
any similar expenses of the sale are remitted to Participant in accordance with
applicable PRC exchange control laws.
Notwithstanding the foregoing, if the Administrator determines that it is no
longer necessary or convenient to restrict the method of payment of the Exercise
Price per Share to a cashless exercise to facilitate compliance with exchange
control laws in China as described above, the Administrator may allow other
methods of payment.
Exchange Control Restrictions. Participant must repatriate the cash proceeds
from the sale of any Shares acquired under the Plan, any dividends paid with
respect to the Shares and any other funds resulting from the Option to China.
Participant further understands that the repatriation of such funds may need to
be effectuated through a special exchange control account

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established by the Company, the Employer, or a Parent or Subsidiary, and
Participant hereby agrees and consents to the transfer of such funds to such
special exchange control account before being delivered to Participant. The
proceeds (or other funds) may be paid to Participant in U.S. dollars or local
currency at the Company’s discretion. If the funds are paid to Participant in
U.S. dollars, Participant will be required to set up a U.S. dollar bank account
in China so that the proceeds may be deposited into this account. If the
proceeds are paid to Participant in local currency, (i) the Company is under no
obligation to secure any particular exchange conversion rate and the Company may
face delays in converting the proceeds to local currency due to exchange control
restrictions, and (ii) Participant agrees to bear any currency fluctuation risk
attributable to the period between sale of Shares (or receipt of any funds
resulting from the Option) and distribution of the funds to Participant through
the special exchange control account established by the Company, the Employer,
or a Parent or Subsidiary. Participant further agrees to comply with any other
requirements that may be imposed by the Company in the future in order to
facilitate compliance with exchange control requirements in China and to sign
any agreements, forms or consents as may be reasonably requested by the Company,
E*Trade, or another other brokerage firm designated by the Company.
NOTIFICATIONS
Foreign Asset / Account Reporting Information. PRC residents must report to SAFE
details of their foreign financial assets and liabilities, as well as details of
any economic transactions conducted with non-PRC residents, either directly or
through financial institutions. Shares or Options acquired under the Plan and
Plan-related transactions may be subject to this reporting requirement.
Participant should consult his or her personal legal advisor for details
regarding this requirement.
DENMARK
NOTIFICATIONS
Foreign Asset / Account Reporting Information. Participant must complete a
Declaration V in connection with the deposit of any securities (including Shares
acquired under the Plan) into a bank or brokerage account outside of Denmark.
The form is available at the website of the Danish Central Customs and Tax
Administration.
In addition, if Participant holds shares or cash in an account outside of
Denmark, he or she is required to report the existence of such an account to the
Danish Tax Authorities by completing a Declaration K and submitting it to the
Danish Tax Authorities following opening of the account. The form is available
at the website of the Danish Central Customs and Tax Administration. A separate
form must be submitted for each account held outside of Denmark that holds
shares or cash which are taxable in Denmark. The Declaration K requirement is in
addition to the requirement to complete Declaration V discussed above.
Participant should consult his or her personal tax advisor for details regarding
these requirements.

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FRANCE
TERMS AND CONDITIONS
Grant of Option. The following supplements Section 1 of Exhibit A:
This Option is not intended to qualify for specific tax or social security
treatment in France and is not considered a qualified stock option under the
French Commercial Code.
Language Consent. By accepting the Option, Participant confirms having read and
understood the documents relating to the Option (the Plan and the Agreement,
including this Exhibit C) which were provided in the English language.
Participant accepts the terms of these documents accordingly.
Consentement Relatif à la Langue Utilisée. En acceptant Option le Participant
confirme avoir lu et compris les documents relatifs à cette Option (le Plan et
le Contrat, y compris la présente Annexe C) qui lui ont été remis en langue
anglaise. Le Participant accepte les termes de ces documents en consequence.
NOTIFICATIONS
Foreign Asset / Account Reporting Information. Participant must declare any
foreign bank investment, or brokerage account opened, used or closed during the
fiscal year to the French tax authorities when filing his or her annual tax
return. Participant should consult his or her personal tax advisor for details
regarding this requirement.
GERMANY
NOTIFICATIONS
Exchange Control Information.  Cross-border payments in excess of €12,500 in
connection with the purchase or sale of securities (e.g., payment of the
Exercise Price per Share by cash or transfer of proceeds from the sale of Shares
into Germany) must be reported electronically to the German Federal Bank. The
online filing portal may be accessed at the website of the German Federal Bank.
Participant should consult his or her personal legal advisor for details
regarding this requirement.
KOREA
NOTIFICATIONS
Exchange Control Information. To remit funds out of Korea to pay the Exercise
Price per Share by cash or check, Participant must obtain a confirmation of the
remittance by a foreign exchange bank in Korea. This is an automatic procedure
(i.e., the bank does not need to approve the remittance and the process should
not take more than one day). Participant likely will need to present to the bank
processing the transaction supporting evidencing the nature of the remittance.
Additionally, exchange control laws require Korean residents who realize
US$500,000 or more from the sale of Shares in a single transaction to repatriate
the proceeds to Korea within 18 months of such sale.
Foreign Asset / Account Reporting Information. Korean residents must declare all
foreign financial accounts (e.g., non-Korean brokerage accounts) to the Korean
tax authority and file a report concerning such account if the value of such
account exceeds KRW 1 billion (or an equivalent amount in foreign currency).
Participant should consult his or her personal tax advisor for details regarding
this requirement.

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NETHERLANDS
There are no country-specific provisions.
SPAIN
TERMS AND CONDITIONS
Vesting Schedule and Nature of Award. The following provisions supplement
Section 2 of Exhibit A and Part A, Section 3 of this Exhibit C:
By accepting the Option, Participant consents to participate in the Plan and
acknowledges that he or she has received a copy of the Plan.
Participant understands and agrees that, as a condition of the grant of the
Option, termination of Participant’s status as a Service Provider for any reason
(including for the reasons listed below) will automatically result in the loss
of any portion of the Option that has not vested as of the date that Participant
is no longer actively engaged as a Service Provider, as described in Section 2
of Exhibit A and Part A, Section 3(l) of this Exhibit C.
In particular, Participant understands and agrees that any unvested portion of
the Option as of the date that Participant is no longer actively engaged as a
Service Provider will be forfeited without entitlement to the underlying Shares
or to any amount of indemnification in the event of termination of Participant’s
status as a Service Provider by reason of, but not limited to, resignation,
retirement, disciplinary dismissal adjudged to be with or without cause,
material modification of the terms of employment under Article 41 of the
Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article
50 of the Workers’ Statute, unilateral withdrawal by the Employer and under
Article 10.3 of the Royal Decree 1382/1985. Participant acknowledges having read
and specifically accepts the conditions referred to in Section 2 of Exhibit A
and Part A, Section 3(l) of this Exhibit C.
NOTIFICATIONS
Securities Law Information. No “offer of public securities to the public”, as
defined under Spain law, has taken place or will take place in the territory of
Spain in connection with the Option. Neither the Plan nor the Agreement has been
or will be registered with the Comisión Nacional del Mercado de Valores (i.e.,
Spanish Securities Exchange Commission). Neither the Plan nor the Agreement
constitutes a public offering prospectus.
Exchange Control Information. Participant must declare the acquisition,
ownership, and disposition of Shares to the Spanish Dirección General de
Comercio e Inversiones (the “DGCI”) of the Ministry of Economy and
Competitiveness on a Form D-6.
Participant also may be required to electronically declare to the Bank of Spain
foreign accounts (including brokerage accounts), any foreign instruments
(including Shares acquired under the Plan), and any transactions with
non-residents of Spain (including exercise of the Option), depending on the
balances in such accounts, together with the value of such instruments, and/or
the volume of transactions with non-residents of Spain during the relevant year.
Participant should consult his or her personal legal advisor for details
regarding this requirement.
Foreign Asset / Account Reporting Information. To the extent that Participant
holds rights or assets (e.g., cash or Shares held in a bank or brokerage
account) outside of Spain with a value in excess of €50,000 per type of right or
asset as of December 31 each year, Participant must report information on such
rights and assets on his or her tax return for such year (or at any time during
the year in which Participant sells or disposes of such right or asset). After
such rights or assets are initially reported, the reporting obligation will
apply only for subsequent years if the value of any previously-reported

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rights or assets increases by more than €20,000. Participant should consult his
or her personal tax advisor for details regarding this requirement.
SWEDEN
There are no country-specific provisions.
UNITED ARAB EMIRATES
NOTIFICATIONS
Securities Law Information. The Agreement, the Plan and any other documents
Participant may receive in connection with his or her participation in the Plan
are intended only for distribution to select individuals who have a Service
Provider relationship with the Company and/or a Parent or Subsidiary in the
United Arab Emirates and are being provided in connection with an employee
incentive scheme. The Plan and the Agreement are intended for distribution only
to such Service Providers and must not be delivered to or relied upon by any
other person. Participant should conduct his or her own due diligence concerning
the securities. If Participant does not understand the contents of the Plan and
the Agreement, he or she should consult an authorized financial advisor. The
Emirates Securities and Commodities Authority has no responsibility for
reviewing or verifying any documents in connection with the Plan. The securities
to which the Agreement relates may be illiquid and/or subject to restrictions on
their resale. Neither the Ministry of Economy nor the Dubai Department of
Economic Development has approved the Plan or the Agreement, and neither body
has taken steps to verify the information set out therein; as such, neither body
has any responsibility for such documents.
UNITED KINGDOM
TERMS AND CONDITIONS
Responsibility for Taxes. The following provisions supplement Part A, Section 2
of this Exhibit C:
If payment or withholding of the income tax due in connection with the Option is
not made within ninety (90) days of the end of the tax year in which the income
tax liability arises or such other period specified in Section 222(1)(c) of the
U.K. Income Tax (Earnings and Pensions) Act 2003 (the “Due Date”), the amount of
any uncollected income tax will constitute a loan owed by Participant to the
Employer, effective on the Due Date. Participant agrees that the loan will bear
interest at the then-current official rate of Her Majesty’s Revenue and Customs
(“HMRC”), it will be immediately due and repayable, and the Company or the
Employer may recover it at any time thereafter by any of the means referred to
in Part A, Section 1 of this Exhibit C. Notwithstanding the foregoing, if
Participant is a director or executive officer of the Company (within the
meaning of Section 13(k) of the Exchange Act), Participant will not be eligible
for such a loan to cover the income tax liability. If Participant is a director
or executive officer and the income tax is not collected from or paid by
Participant by the Due Date, the amount of any uncollected income tax may
constitute a benefit to Participant on which additional income tax and national
insurance contributions (“NICs”) may be payable. Participant will be responsible
for reporting any income tax due on this additional benefit directly to HMRC
under the self-assessment regime and for paying the Company or the Employer (as
appropriate) for the value of any employee NICs due on this additional benefit
which may be collected from Participant by the Company or the Employer by any of
the means referred to in Part A, Section 2 of this Exhibit C.
Joint Election.  As a condition of participation in the Plan, Participant agrees
to accept any liability for secondary Class 1 NICs which may be payable by the
Company and/or the Employer in connection with the Option and any event giving
rise to Tax-Related Items (the “Employer’s Liability”).  Without prejudice to
the foregoing, Participant agrees to execute the following joint election with
the Company, the form of such joint election being formally approved by HMRC

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(the “Joint Election”) and any other consent or election required to accomplish
the transfer of the Employer’s Liability to Participant.  Participant
understands that the Joint Election applies to any stock options granted to him
or her under the Plan after the execution of the Joint Election.  Participant
further agrees to execute such other joint elections as may be required between
him or her and any successor to the Company and/or the Employer.  Participant
further agrees that the Company and/or the Employer may collect the Employer’s
Liability from him or her by any of the means set forth in Part A, Section 2 of
this Exhibit C.

If Participant does not enter into a Joint Election prior to the exercise of the
Option or any other event giving rise to Tax-Related Items, he or she will not
be entitled to exercise the Option or receive any benefit in connection with the
Option unless and until he or she enters into a Joint Election, and no Shares or
other benefit pursuant to the Option will be issued to Participant under the
Plan, without any liability to the Company and/or the Employer.

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Important Note on the Joint Election to Transfer
Employer National Insurance Contributions

--------------------------------------------------------------------------------

As a condition of participation in the Aerohive Networks, Inc. 2014 Equity
Incentive Plan (the “Plan”) and the stock option (the “Option”) that has been
granted to you (“Participant”) by Aerohive Networks, Inc. (the “Company”),
Participant is required to enter into a joint election to transfer to
Participant any liability for employer national insurance contributions (the
“Employer’s Liability”) that may arise in connection with the Option or in
connection with any stock options that may be granted by the Company to
Participant under the Plan (the “Joint Election”).
If Participant does not agree to enter into the Joint Election, the grant of the
Option will be worthless, and Participant will not be able to exercise the
Option or receive any benefit in connection with the Option.
By entering into the Joint Election:
•
Participant agrees that any Employer’s Liability that may arise in connection
with or pursuant to the exercise of the Option (or any stock options granted to
Participant under the Plan) or the acquisition of shares of the Company or other
taxable events in connection with the Option (or any other stock options granted
under the Plan) will be transferred to Participant;

•
Participant authorises the Company and/or Participant’s employer to recover an
amount sufficient to cover this liability by any method set forth in the Stock
Option Agreement and/or the Joint Election; and

•
Participant acknowledges that even if he or she has accepted the Joint Election
via the Company’s online procedure, the Company or Participant’s employer may
still require Participant to sign a paper copy of the Joint Election (or a
substantially similar form) if the Company determines such is necessary to give
effect to the Joint Election.

By accepting the Option through the Company’s online acceptance procedure at
E*Trade (or by signing the Notice of Grant), Participant is agreeing to be bound
by the terms of the Joint Election.
Please read the terms of the Joint Election carefully before
accepting the Stock Option Agreement
and the Joint Election.
Please print and keep a copy of the Joint Election
for your records.

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AEROHIVE NETWORKS, INC.
2014 EQUITY INCENTIVE PLAN
(UK Employees)

Election To Transfer the Employer’s National Insurance Liability to the Employee

1.    PARTIES
This Election is between:
(A)
You, the individual who has gained access to this Election (the “Employee”), who
is employed by Aerohive Networks Europe Ltd. (registered number 6400590) whose
registered office is at West Block, The Courtyard, 16-18 West Street, Farnham,
Surrey GU9 7DR (the “Employer”) and who is eligible to receive stock options
(“Options”) granted by Aerohive Networks, Inc. pursuant to the terms and
conditions of the 2014 Equity Incentive Plan (the “Plan”), and

(B)
Aerohive Networks, Inc. of 330 Gibraltar Drive, Sunnyvale, California 94089,
United States of America (the “Company”), which may grant Options under the Plan
and is entering into this Form of Election on behalf of the Employer.

2.    PURPOSE OF ELECTION
2.1    This Election relates to Options granted by the Company under the Plan on
or after 28 March 2014.
2.2    In this Election the following words and phrases have the following
meanings:
“Taxable Event” means, in relation to the Options:
(i)
the acquisition of securities pursuant to the Options (within section 477(3)(a)
of ITEPA); and/or

(ii)
the assignment or release of the Options in return for consideration (within
section 477(3)(b) of ITEPA); and/or

(iii)
the receipt of a benefit in connection with the Options, other than a benefit
within (i) or (ii) above (within section 477(3)(c) of ITEPA); and/or

(iv)
post-acquisition charges relating to the Options and/or the shares acquired
pursuant to the Options (within section 427 of ITEPA); and/or

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(v)
post-acquisition charges relating to the Options and/or shares acquired pursuant
to the Options (within section 439 of ITEPA).

“ITEPA” means the Income Tax (Earnings and Pensions) Act 2003.
“SSCBA” means the Social Security Contributions and Benefits Act 1992.
2.3
This Election relates to the Employer’s secondary Class 1 National Insurance
Contributions (the “Employer’s Liability”) which may arise on the occurrence of
a Taxable Event in respect of the Options pursuant to section 4(4)(a) and/or
paragraph 3B(1A) of Schedule 1 of the SSCBA.

2.4
This Election does not apply in relation to any liability, or any part of any
liability, arising as a result of regulations being given retrospective effect
by virtue of section 4B(2) of either the SSCBA or the Social Security
Contributions and Benefits (Northern Ireland) Act 1992.

2.5
This Election does not apply to the extent that it relates to relevant
employment income which is employment income of the earner by virtue of Chapter
3A of Part VII of ITEPA (employment income: securities with artificially
depressed market value).

3.    THE ELECTION
The Employee and the Company jointly elect that the entire liability of the
Employer to pay the Employer’s Liability on the Taxable Event is hereby
transferred to the Employee. The Employee understands that by accepting the
grant of the Option through the Company’s online acceptance procedure at E*Trade
or by signing the Notice of Grant to accept the grant of the Options he or she
will become personally liable for the Employer’s Liability covered by this
Election. This Election is made in accordance with paragraph 3B(1) of Schedule 1
to SSCBA.
4.    PAYMENT OF THE EMPLOYER’S LIABILITY
4.1
The Employee hereby authorises the Company and/or the Employer to collect the
Employer’s Liability from the Employee at any time after the Taxable Event:

(i)
by deduction from salary or any other payment payable to the Employee at any
time on or after the date of the Taxable Event; and/or

(ii)
directly from the Employee by payment in cash or cleared funds; and/or

(iii)
by arranging, on behalf of the Employee, for the sale of some of the securities
which the Employee is entitled to receive in respect of the Option; and/or

(iv)
by any other means specified in the Stock Option Agreement.

4.2
The Company hereby reserves for itself and the Employer the right to withhold
the transfer of any securities in respect of the Options to the Employee until
full payment of the Employer’s Liability is received.

4.3
The Company agrees to procure the remittance by the Employer of the Employer’s
Liability to HM Revenue and Customs on behalf of the Employee within 14 days
after the end of the UK tax month during which the

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Taxable Event occurs (or within 17 days after the end of the UK tax month during
which the Taxable Event occurs, if payments are made electronically).
5.    Duration of Election
5.1
The Employee and the Company agree to be bound by the terms of this Election
regardless of whether the Employee is transferred abroad or is not employed by
the Employer on the date on which the Employer’s Liability becomes due.

5.2
Any reference in this Election to the Company and/or the Employer shall include
that entity’s successors in title and assigns as permitted in accordance with
the terms of the Plan and the Stock Option Agreement. This Election will
continue in effect in respect of any awards which replace the Options in
circumstances where section 483 of ITEPA applies.

5.3    This Election will continue in effect until the earliest of the
following:
(i)
the Employee and the Company agree in writing that it should cease to have
effect;

(ii)
on the date the Company serves written notice on the Employee terminating its
effect;

(iii)
on the date HM Revenue and Customs withdraws approval of this Election; or

(iv)
after due payment of the Employer’s Liability in respect of the entirety of the
Options to which this Election relates or could relate, such that the Election
ceases to have effect in accordance with its terms.

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Acceptance by the Employee
The Employee acknowledges that by accepting the grant of the Option through the
Company’s online acceptance procedure at E*Trade or by signing the Notice of
Grant to accept the grant of the Options, the Employee agrees to be bound by the
terms of this Election.

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Acceptance by the Company
The Company acknowledges that, by arranging for the scanned signature of an
authorised representative to appear on this Election, the Company agrees to be
bound by the terms of this Election.
Signed for and on behalf of the Company
Steve Debenham
VP, General Counsel and Corporate Secretary

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