exv10w28wa






Exhibit 10.28.A



THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES ARE SUBJECT TO
RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT IN
ACCORDANCE WITH THE PROVISIONS OF REGULATION S AND ANY APPLICABLE STATE SECURITIES LAWS, PURSUANT
TO REGISTRATION UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN AVAILABLE
EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL
RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES MAY
REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY SATISFACTORY TO THE ISSUER TO THE
EFFECT THAT ANY PROPOSED TRANSFER OR RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE
SECURITIES LAWS. HEDGING TRANSACTIONS WITH RESPECT TO THESE SECURITIES MAY NOT BE CONDUCTED UNLESS
IN COMPLIANCE WITH THE ACT.




QLIK TECHNOLOGIES INC.

2007 OMNIBUS STOCK OPTION AND AWARD PLAN




And



2009 SUB-PLAN FOR THE UNITED KINGDOM



(1) Qlik Technologies Inc.



(2) QlikTech UK Limited



and



(3) Leslie Bonney




 






STOCK OPTION AWARD AGREEMENT





 











 









 







THIS AGREEMENT is made on May 21st, 2010



BETWEEN:





	(1)	 	Qlik Technologies Inc., a Delaware corporation with its principal place of business at 150
Radnor-Chester Road, Suite E220, Radnor, Pennsylvania, 19087, U.S.A. (the
“Corporation”)
	 
	(2)	 	QlikTech UK Limited Incorporated in England and Wales under company number 05292408 of
Seebeck House, One Seebeck Place, Milton Keynes MK5 8FR (the “Company”); and
	 
	(3)	 	Leslie Bonney, 11B Richmond Drive, Mapperley Park Nottingham NG3 5EI, Great Britain, (the
“Participant”).




PRELIMINARY:





	(A)	 	The Corporation and the Company intend to retain, incentivise and motivate the Participant.
	 
	(B)	 	The Corporation has determined to grant to the Participant an option to acquire 75,000 Shares
on the terms set out in this Agreement.
	 
	(C)	 	This Agreement forms part of an unapproved employees’ share scheme and this Option is granted
pursuant to the rules of the Qlik Technologies In. 2009 Sub-Plan for the United Kingdom (the
“Sub-Plan”). The rules of the Sub-Plan are legally binding and are incorporated in
the Option.
	 
	(D)	 	The Participant is an Eligible Employee.





Statement of Purpose




     The Participant is an employee of the Corporation or a Subsidiary who provides, and is
expected to continue to provide, significant contributions to the success of the Corporation or a
Subsidiary. To recognize this service and to provide an incentive for future service, the
Participant is hereby granted an Option to purchase shares of the Corporation’s Common Stock
pursuant to the terms of the Qlik Technologies Inc. 2007 Omnibus Stock Option and Award Plan (the
“2007 Plan”) as amended by the Sub-Plan. In that regard, the Corporation and the
Participant desire to restrict the sale of the shares of the Corporation’s Common Stock issuable to
the Participant upon exercise of the option granted hereunder to provide for the repurchase of such
shares in certain instances on the terms and conditions hereinafter set forth. Capitalized terms
used and not otherwise defined in this Agreement shall have the meanings set forth in the 2007
Plan.



     NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained,
the parties hereto, intending to be legally bound, hereby agree as follows:



     1. Award. The Participant is hereby granted the option to purchase 75,000 shares of
the Corporation’s Common Stock (the “Option”). The Option Period shall commence on the
Grant Date, May 21, 2010, and shall terminate upon the earliest of (i) May 20, 2020 or (ii) January
1, 2011 in the event that the Vesting Event (as defined below) does not occur on or prior to
December 31, 2010. The Option Price shall be US$6.91 per share.



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     2. Vesting and Exercise of Options. Except as otherwise provided hereunder, the
Option shall vest and be exercisable from time to time in accordance with the following schedule
(purchases may be cumulative); provided, that as of each such date the Participant is still
employed by the Corporation or a Subsidiary:



     The Option shall not be exercisable until the completion of an initial public offering by the
Corporation of its equity securities pursuant to an effective registration statement filed under
the Act (as defined below) that occurs on or before December 31, 2010 (the “Vesting Event”). After
the Vesting Event, the Option shall vest with respect to 1/16th of the shares subject to the Option
when the Participant completes three months of continuous service as an employee, director or
consultant of the Corporation or a Subsidiary following January 1, 2010. The Option shall vest
with respect to an additional 1/16th of the shares subject to the Option when the Participant
completes each three month period of continuous service as an employee, director or consultant of
the Corporation or a Subsidiary thereafter. The Option may vest on an accelerated basis under
Section 4(e) of this Agreement. In the event that the Vesting Event does not occur on or prior to
December 31, 2010, then the Option shall expire in full on January 1, 2011.



     3. Termination of Options.



     (a) The Option may not be exercised after the expiration of the Option Period and is only
exercisable as provided in Sections 2 and 4 of this Agreement. The Option hereby granted shall
terminate and be of no force or effect upon the earliest of (i) the expiration of the Option Period
or (ii) January 1, 2011 in the event that the Vesting Event does not occur on or prior to December
31, 2010. In addition, if the Participant has a Termination of Service during the Option Period
for any reason, the unvested portion of the Option shall terminate.



     (b) Subject to the limitations set forth in this Agreement and in the 2007 Plan, the
Participant may exercise the vested portion of the Option in whole or in part at any time or from
time to time from the Grant Date until the first to occur of:




     (i) three (3) months following the date of the Participant’s Termination of Service for
any reason other than death or Disability;




     (ii) one (1) year following the date of the Participant’s death, if an employee at the
time of death (during which one year period the Option may be exercised (to the extent
otherwise exercisable) by the person to whom the Participant’s rights hereunder shall have
passed by will or by the laws of descent and distribution (hereinafter, a
“Successor”));




     (iii) one (1) year following the date of the Participant’s Termination of Service due
to Disability; or




     (iv) the expiration of the Option Period.



     4. Exercise of Options.



     (a) Notice of Exercise. The Option may be exercised by written notice to the
Corporation at the address set forth in Section 10 hereof, or such other address to which
the principal office of the Corporation may be relocated, which notice shall: (i) be signed by the
Participant (or, if applicable, by the Participant’s Successors); (ii) state the number of shares
with respect to which the Option is being exercised; and (iii) contain such other information as
the Committee may require.



     (b) Payment of Option Price. Payment in full of the Option Price shall be made at the
time of the written notice of exercise of the Option: (i) in cash or by check payable to the order
of the Corporation; (ii) by delivery of shares of Common Stock already owned by and in the
Participant’s possession; or (iii) any combination thereof. Shares of Common Stock which the
Participant previously



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held and surrendered in accordance with rules and regulations adopted by the Committee for the
purpose of making full or partial payment of the Option Price shall be valued for such purpose at
the Fair Market Value thereof on the date the Option, or portion thereof, is exercised.




     (c) Conditions to Exercise. As a condition to the exercise of the Option and the
issuance of shares of the Corporation’s Common Stock upon exercise thereof, the Corporation may:




     (i) require the Participant to satisfy any qualifications that may be necessary or
appropriate to evidence compliance with any applicable law or regulation and make any
representation or warranty with respect thereto as may be requested by the Corporation;




     (ii) obtain such agreements or undertakings from the Participant, if any, as the
Corporation may deem necessary or advisable to insure that the Participant is bound with
respect to any transfer or other restrictions that may be contained in any agreement among,
or restricting the rights of, the Corporation’s Common Stock stockholders at the time of
exercise, or with respect to any restrictions imposed upon stockholders by underwriters in
connection with a public offering referred to in Section 9 and the Participant
hereby agrees to adhere to and be bound by any such agreements or undertakings in force at
the time of his exercise of the Option;




     (iii) require the Participant to agree with and undertake to reimburse the Company (and
any other company which is a “secondary contributor”) in full for any Employer’s NIC’s
payable in respect of any gain on the Option; and




     (iv) enter into an election with the Company (and any other company which is a
“secondary contributor”) to assume the liability for any Employer’s NIC including an
election or agreement under paragraph 3A Schedule 1 Social Security Contributions and
Benefits Act 1992.



     (d) Certificates. As soon as practicable after each of the Participant’s notice of
exercise described in Section 4(a) above and receipt of the Option Price have been received
by the Corporation and any condition of the exercise described in Section 4(c) above has
been fulfilled, the Corporation shall deliver to the Participant a stock certificate registered in
the Participant’s name representing the shares of Common Stock to be issued under the Option.



     (e) Acceleration. If following the Vesting Event, within the one-year period
following a Change of Control, there is a Termination of Service with respect to the Participant
due to a Termination Without Cause, the Option vesting schedule set forth in Section 2
above shall be accelerated by a period of 12 months measured from the date of such Termination of
Service.



     5. Representations of Participant. The Participant represents and agrees as follows:



     (a) Ownership of Shares. Following exercise of all or a portion of the Option, the
Participant will be the owner of the Award Shares issued, free and clear of any liens or
encumbrances, except for restrictions set forth in the 2007 Plan, any agreement among the Common
Stock stockholders, or



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otherwise referenced herein. The Participant agrees that this Agreement shall be applicable to
such Award Shares.




     (b) No Registration of Shares. The Participant is not a “US Person,” and is not
acquiring the Option or any Award Shares hereunder for the account or benefit of any U.S. person
within the meaning of Regulation S under the United States Securities Act of 1933, as amended (the
“Act”). The Participant acknowledges that, in addition to the restrictions on transfer
contained in this Agreement, the Participant has been informed by the Corporation that, inasmuch as
the Option and the Award Shares have not been registered under the Act, such securities must be
held indefinitely unless sold in accordance with Regulation S under the Act, subsequently
registered or an exemption from registration is available, and the Participant may not engage in
hedging transactions with regard to such securities unless in compliance with the Act. The
Participant further acknowledges that the Corporation is under no obligation either to register the
Award Shares or the Option or to take any action to make available any exemption from registration
or to supply any information to facilitate sales of such securities. The Participant represents
and warrants that the Option is, and any Award Shares will be, acquired by the Participant for
investment and not with a view to the distribution thereof and that, under no circumstances, shall
such securities be transferred in violation of federal or state securities laws. The Participant
further agrees that there shall be either lodged with any stock transfer agent for the Corporation
or noted on the stock transfer records of the Corporation a stop transfer order against the Award
Shares and that there shall be imprinted upon the certificate or certificates issued to the
Participant evidencing such Award Shares a legend reading substantially as follows:




“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE SECURITIES
ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE
TRANSFERRED OR RESOLD EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S AND ANY
APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION UNDER THE ACT AND ANY
APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION THEREFROM.
INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF
THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME. THE ISSUER OF THESE SECURITIES
MAY REQUIRE AN OPINION OF COUNSEL IN FORM AND SUBSTANCE REASONABLY
SATISFACTORY TO THE ISSUER TO THE EFFECT THAT ANY PROPOSED TRANSFER OR
RESALE IS IN COMPLIANCE WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.
HEDGING TRANSACTIONS WITH RESPECT TO THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN
COMPLIANCE WITH THE ACT.”



     6. Corporation’s Right to Repurchase Award Shares following Termination of
Service.



     (a) If there is a Termination of Service with respect to the Participant for any reason at
anytime (including, without limitation, the Participant’s death or Disability), then the
Corporation shall have the right, but not the obligation, to repurchase any Award Shares at a
purchase price per share determined as set forth in Section 6(b) below.



     (b) The Corporation’s right to repurchase Award Shares following the Participant’s Termination
of Service as provided in Section 6(a) above may be exercised in whole or in part by the
Corporation, if at all, by the Corporation’s delivery to the Participant, within the one hundred
twenty (120) days following the Termination of Service, of written notice of the Corporation’s
election to exercise. Such notice shall set forth the number of Award Shares to be purchased and
the date and time of closing of the purchase; provided that the date specified for closing
shall not be less than ten (10) days nor more than thirty (30) days from the date of the notice of
election to exercise. To the extent the Corporation does not initially elect to purchase all of
the Award Shares hereunder in its first written notice of election to exercise, the Corporation
may, within the 120-day period specified herein, elect to exercise its right to purchase any
remaining Award Shares by delivering to the Participant an additional written



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notice(s) of election to exercise in the manner provided above; provided,
however, that unless otherwise agreed by the parties, the closing date for all purchases
under this Section 6 shall be on the closing date set forth in the initial notice. On or
before the closing set forth in the notice(s) of election to exercise, the Participant shall
deliver to the Corporation the certificates representing the Award Shares being purchased, duly
endorsed for transfer to the Corporation, together with such additional documents or instruments of
transfer as the Corporation may request, in accordance with such notice. The Corporation shall
thereafter promptly send to the Participant payment for such purchase by check or wire transfer
based on a per share purchase price determined as follows:





     (i) Termination of Service for Any Reason Other than Termination for Cause. If
the Participant’s Termination of Service is for any reason other than a Termination for
Cause, including, without limitation, the Participant’s death, Disability, Termination
Without Cause, or voluntary quit, then the per share purchase price of the Award Shares
shall be their Fair Market Value.




     (ii) Termination of Service Due to Participant’s Termination for Cause. If the
Participant’s Termination of Service is due to a Termination for Cause, then the per share
price of the Award Shares shall be the Option Price per share paid by the Participant for
such Award Shares, as adjusted for any stock splits, stock dividends, recapitalizations or
the like.



     7. Corporation’s Right of First Refusal.



     (a) If at any time the Participant proposes to Transfer (as defined in Section 7(g)
below) any Award Shares (including, without limitation, any securities acquired upon conversion
thereof or by way of any stock split, stock dividend, recapitalization or the like), then the
Participant shall promptly give the Corporation advance written notice of the Participant’s
intention to make the Transfer (the “Transfer Notice”). The Transfer Notice shall include:
(i) a description of the Award Shares to be transferred (the “Offered Shares”), (ii) the
name(s) and address(es) of the prospective transferee(s), (iii) the consideration, and (iv) the
material terms and conditions upon which the proposed Transfer is to be made. The Transfer Notice
shall certify that the Participant has received a bona fide firm offer from the prospective
transferee(s) and in good faith believes a binding agreement for the Transfer is obtainable on the
terms set forth in the Transfer Notice. The Transfer Notice shall also include a copy of any
written proposal, term sheet or letter of intent or other agreement relating to the proposed
Transfer. In the event that the transfer is being made pursuant to the provisions of Section
7(e), the Transfer Notice shall state under which specific subsection the Transfer is being
made.



     (b) The Corporation shall have the right, but not the obligation, for a period of thirty (30)
days from receipt by the Corporation of the Transfer Notice to elect to purchase the Offered Shares
at the same price and subject to the same material terms and conditions as described in the
Transfer Notice. The Corporation may exercise such purchase option and purchase all or any portion
of the Offered Shares by notifying the Participant in writing before expiration of such thirty (30)
day period as to the number of such Offered Shares that the Corporation wishes to purchase. If the
Corporation gives the Participant notice that it desires to purchase such shares, then payment for
the Offered Shares shall be by check or wire transfer, against delivery of the Offered Shares to be
purchased at a place agreed upon between the parties and at the time of the scheduled closing
therefor, which shall be no later than sixty (60) days after receipt by the Corporation of the
Transfer Notice, unless the Transfer Notice contemplated a later closing with the prospective
third-party transferee(s) or unless the value of the purchase price has not yet been established
pursuant to Section 7(c).



     (c) Should the purchase price specified in the Transfer Notice be payable in property other
than cash or evidences of indebtedness, the Corporation shall have the right to pay the purchase
price in the form of cash equal in amount to the fair market value of such property. If the
Participant and the Corporation cannot agree on such cash value within thirty (30) days after
receipt by the Corporation of



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the Transfer Notice, the valuation shall be made by an appraiser of recognized standing in the
United States selected by the Participant and the Corporation or, if they cannot agree on an
appraiser within forty (40) days after receipt by the Corporation of the Transfer Notice, each
shall select an appraiser of recognized standing in the United States and those appraisers shall
designate a third appraiser of recognized standing in the United States, whose appraisal shall be
determinative of such value. The cost of such appraisal shall be shared equally by the Participant
and the Corporation. If the time for the closing of the Corporation’s purchase has expired but the
determination of the value of the purchase price offered by the prospective transferee(s) has not
been finalized, then such closing shall be held on or prior to the tenth business day after such
valuation shall have been made pursuant to this Section 7(c).




     (d) To the extent that the Corporation has not exercised its right to purchase the Offered
Shares within the time periods specified in Section 7(b), the Participant shall have a period of
thirty (30) days from the expiration of such right in which to sell the Offered Shares, upon terms
and conditions (including the purchase price) no more favorable than those specified in the
Transfer Notice, to the third-party transferee(s) identified in the Transfer Notice. The
third-party transferee(s) shall acquire the Offered Shares subject to the Corporation’s continued
right of first refusal under this Agreement and must agree in writing to be bound with respect
thereto and the Participant will procure that the third party transferee(s) shall adhere to and be
bound by any such agreements or undertakings in force at the time of transfer with respect to any
Transfer or other restrictions that may be contained in any agreement among, or restricting the
rights of, the Corporation’s Common Stock stockholders. In the event the Participant does not
consummate the sale or disposition of the Offered Shares within the thirty (30) day period from the
expiration of this right, the Corporation’s first refusal right shall continue to be applicable to
any subsequent disposition of the Offered Shares by the Participant until such right lapses in
accordance with the terms of this Agreement. Furthermore, the exercise or non-exercise of the
right of the Corporation under this Section 7 to purchase the Offered Shares from the Participant
shall not adversely affect its right to make subsequent purchases from the Participant of Offered
Shares.



     (e) Notwithstanding the provisions of Sections 7(a) and 7(b) of this
Agreement, the first refusal right of the Corporation shall not apply to: (i) the Transfer of Award
Shares to any spouse or member of the Participant’s immediate family, or to a custodian, trustee
(including a trustee of a voting trust), executor, or other fiduciary for the account of the
Participant’s spouse or members of the Participant’s immediate family, or to a trust for the
Participant’s own self, or a charitable remainder trust, or (ii) any sale of Award Shares to the
public pursuant to a registration statement filed with, and declared effective by, the U.S.
Securities and Exchange Commission under the Act; provided, however, that in the
event of any Transfer made pursuant to one of the exemptions provided by clause (e)(i): (A) the
Participant shall inform the Corporation in writing of such Transfer prior to effecting it, and (B)
each such transferee or assignee, prior to the completion of the Transfer, shall have executed
documents assuming the obligations of the Participant under this Agreement with respect to the
transferred Award Shares in a form approved by the Corporation. Such transferred Award Shares
shall remain subject to the provisions of this Section 7, and such pledgee, transferee or
donee shall be treated as the “Participant” for purposes of this Agreement.



     (f) Except as otherwise provided in this Agreement, the Participant will not sell, assign,
transfer, pledge, hypothecate or otherwise encumber or dispose of in any way, all of any part of or
any interest in the Award Shares. Any sale, assignment, transfer, pledge, hypothecation or other
encumbrance or disposition of Award Shares not made in conformance with this Agreement shall be
null and void, shall not be recorded on the books of the Corporation and shall not be recognized by
the Corporation.



     (g) For purposes of this Section 7, the term “Transfer” shall include any sale, assignment,
encumbrance, hypothecation, pledge, conveyance in trust, gift, transfer by bequest, devise or
descent, or other transfer or disposition of any kind, including, but not limited to, transfers
pursuant to divorce or legal separation, transfers to receivers, levying creditors, trustees or
receivers in bankruptcy proceedings




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or general assignees for the benefit of creditors, whether voluntary, involuntarily or by
operation of law, directly or indirectly, of any of the Award Shares.




     (h) All certificates representing the Award Shares, in addition to other legends that may be
required by applicable law or pursuant to agreement of the Corporation’s stockholders, shall bear
the following legend:




“THE SALE, PLEDGE, HYPOTHECATION, ASSIGNMENT OR TRANSFER OF THE SECURITIES REPRESENTED
BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN NON-QUALIFIED
STOCK OPTION AWARD AGREEMENT BY AND BETWEEN THE STOCKHOLDER AND THE CORPORATION. COPIES
OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE
CORPORATION.”



     (i) The Corporation’s first refusal right hereunder shall terminate and be of no further
force or effect upon the earlier of: (i) the consummation of a bona fide, firmly underwritten
public offering of shares of the Corporation’s common stock at a public offering price which is not
less than $3.15 per share (as adjusted for any stock splits, stock dividends, combinations,
subdivisions, recapitalizations or the like) and greater than $30,000,000.00 in the aggregate, or
(ii) the consummation of a Liquidation Event, as that term is defined in the Corporation’s
Certificate of Incorporation (as amended from time to time).



     8. Change of Control. Notwithstanding any provision of this Agreement to the
contrary, in the event of a Change of Control, the Corporation’s option to repurchase Award Shares
under Section 6 shall terminate simultaneously with the consummation of such Change of
Control if the Participant is actively employed with the Corporation on the date of such Change of
Control, but in such event the Award Shares held by the Participant shall remain subject to the
Corporation’s right of first refusal under Section 7 hereof, and may be subject to
restrictions on transferability to the extent required by applicable law.



     9. Market Stand-Off. In connection with any underwritten public offering by the
Corporation of its equity securities pursuant to an effective registration statement filed under
the Act, including the Corporation’s initial public offering, the Participant or any person to whom
the Participant has directly or indirectly transferred any Award Shares under this Agreement (a
“Transferee”) shall not directly or indirectly sell, make any short sale of, loan, hypothecate,
pledge, offer, grant or sell any option or other contract for the purchase of, purchase any option
or other contract for the sale of, or otherwise dispose of or transfer, or agree to engage in any
of the foregoing transactions with respect to, any Award Shares acquired under this Agreement
without the prior written consent of the Corporation or its underwriters. Such restriction (the
“Market Stand-Off”) shall be in effect for such period of time following the date of the
final prospectus for the offering as may be requested by the Corporation or such underwriters. In
no event, however, shall such period exceed 180 days; provided, however, notwithstanding the
foregoing, if (i) during the last seventeen (17) days of the one hundred eighty (180)-day
restricted period, the Corporation issues an earnings release or material news or a material event
relating to the Corporation occurs; or (ii) prior to the expiration of the one hundred eighty
(180)-day restricted period, the Corporation announces that it will release earnings results during
the sixteen (16)-day period beginning on the last day of the one hundred eighty (180)-day period,
the restrictions imposed by this Section 9 shall continue to apply until the expiration of the
eighteen (18)-day period beginning on the issuance of the earnings release or the occurrence of the
material news or material event. The Market Stand-Off shall in any event terminate two years after
the date of the Corporation’s initial public offering. In the event of the declaration of a stock
dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a
similar transaction affecting the Corporation’s outstanding securities without receipt of
consideration, any new, substituted or additional securities which are by reason of such
transaction distributed with respect to any Award Shares subject to the Market Stand-Off, or into
which such shares thereby become convertible, shall immediately be subject to the Market Stand-Off.
In order to enforce the Market Stand-Off, the Corporation may impose stop-transfer instructions
with respect to the Award Shares acquired under this Agreement until the end of the applicable
stand-off period. The Corporation’s underwriters shall be beneficiaries of the agreement set forth
in this Section 9.



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This Section 9 shall not apply to Award Shares registered in the public offering under
the Act, and the Participant or a Transferee shall be subject to this Section 9 only if the
directors and officers of the Corporation are subject to similar arrangements.




     10. Notices. Any notice given hereunder must be in writing and shall be deemed given
when either personally delivered or on the day of posting sent through the post by registered or
certified mail, return receipt requested, postage prepaid, addressed to the parties to whom such
notice is being given at the following addresses:



	 	 	 

	As to the Corporation:

	 	Qlik Technologies Inc.
	 

	 	150 N. Radnor Chester Road
	 

	 	Radnor, Pa. 19087
	 

	 	Attention: Lars Björk, President
	 
	 	 
	As to Participant:

	 	last address shown on the books of the Corporation






     11. Failure to Close; Remedies. In the event that the Corporation or the Participant
shall fail or refuse for any reason whatsoever to close the sale or repurchase of Award Shares as
the Corporation or the Participant is obligated by this Agreement, then the other party to the sale
or repurchase (the “non-defaulting party”) shall have the right to exercise any one or more
of the following rights and remedies:



     (a) The non-defaulting party shall have the right to recover damages from the defaulting party
for any loss or damage, including reasonable attorneys’ fees, sustained by the non-defaulting party
as a result of such default.



     (b) The non-defaulting party shall have the right to specifically enforce this Agreement by
seeking an injunction prohibiting the defaulting party from violating the terms of this Agreement
and requiring the defaulting party to purchase or sell the Award Shares, as the case may be.


The rights and remedies of the non-defaulting party under this Section 11 are cumulative
and not alternative and shall be in addition to any and all other rights and remedies available to
the non-defaulting party at law or in equity.




     12. Gifts. Nothing contained in this Agreement shall be construed or interpreted so
as to authorize or permit the Participant to transfer the Option by gift to any person or entity.



     13. Entire Agreement. This Agreement and the 2007 Plan together with the Sub-Plan
contain the entire understanding and agreement by and between the parties hereto relating to the
subject matter hereof and all prior or contemporaneous oral or written agreements or instruments
are merged herein. No amendment to or modification of this Agreement shall be effective unless the
same is in writing and signed by all parties hereto. No waiver by any party of any breach by the
other of any provision of this Agreement shall be deemed to be a waiver of any other breaches
thereof or the waiver of any such or other provision of this Agreement. Subject to the
restrictions on assignment and transfer set forth hereinabove, this Agreement shall be binding upon
and inure to the benefit of the parties hereto, their estates, personal representatives, successors
and assigns.



     14. Severability. If any provision of this Agreement is declared invalid or
unenforceable as a matter of law, such invalidity or unenforceability shall not affect or impair
the validity or enforceability of any other provisions of this Agreement or the remainder of this
Agreement as a whole.



     15. Applicable Law. The validity, construction, interpretation or performance of this
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.



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     16. Construction. Section headings and subheadings have been inserted herein for
convenience only and shall not be deemed to have any legal effect whatever in the interpretation of
this Agreement. As used herein, the singular shall include the plural, and the plural and
singular. The word “any” means one or more or all, and the conjunction “or” includes both the
conjunctive and disjunctive.



     17. Counterparts. This Agreement may be executed in multiple counterparts, each of
which shall be deemed to be an original, and all of which taken together shall constitute one and
the same instrument.



     18. No Rights as a Stockholder Until Exercise. Under the 2007 Plan, neither the
Participant nor, if applicable, his or her personal representative, shall be nor have any rights or
privileges of a stockholder of the Corporation with respect to any shares of the Corporation’s
Common Stock which may be acquired upon the exercise of the Option, in whole or in part, prior to
the date upon which the Option is actually exercised for such shares in accordance with the
provisions of Section 4 hereof and the certificates representing such shares are issued.



     19. Other restrictions attaching to shares of the Corporation’s Common Stock.
Pursuant to Section 3.8 of the 2007 Plan (Restrictions on Sale) the Committee may require any
Participant acquiring shares of Common Stock pursuant to any Award under the 2007 Plan to represent
to and agree with the Corporation in writing that such person is acquiring the shares of Common
Stock for investment purposes and without a view to resale or distribution thereof. Shares of
Common Stock issued and delivered under the 2007 Plan shall also be subject to such stop-transfer
orders and other restrictions as the committee may deem advisable under the rules, regulations and
other requirements of the Securities and Exchange Commission, any stock exchange upon which the
Common Stock is then listed, any applicable federal or state laws, and any other written
restrictions or agreements with respect to the Common Stock and the Committee may cause a legend or
legends to be placed on the certificate or certificates representing any such shares to make
appropriate reference to any such restrictions. In making such determination, the committee may
rely upon an opinion of counsel for the Corporation.



     IN WITNESS WHEREOF, the Corporation and Participant have caused the execution of this
Agreement as of the date hereof, each intending to be legally bound hereby.



	 	 	 	 	 	 	 

	QLIKTECHNOLOGIES INC. acting by one director in
the presence of a witness:	 	 	 	Date of signature: 21st May 2010 
	 
	

	 	 
	 	 
 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	Director
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Witness
Signature:

	 	 	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Witness Name:

	 	 	 	 
	 

	 	 

	 	 	 	 
	 
	 	 	 	 	 	 
	Witness Address:

	 	 	 	 
	 

	 	 

	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 





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	QLIKTECH UK
LIMITED acting by one director in

the presence of a witness: 	 	 	 	Date of signature: 21st May 2010 
	 
	

	 	 
	 	 
 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Director
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witness Signature:

	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witness Name:

	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Witness Address:

	 	 	 	 	 	 
	 

	 	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 





	 	 	 	 	 	 	 

	EXECUTED as a DEED and DELIVERED by

	 	)	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	              
           in the presence of: 
	 	) 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 
	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 

	 	 
	 

	 	 
NAME
	 	 






	 	 	 	 	 

	Signature:

	 	 
	 

	 	 

	 	 
	Witness
Name:

	 	 
	 

	 	 

	 	 
	Witness Address:

	 	 
	 

	 	 

	 	 
	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	Witness Occupation:	 	 







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