GLOBALSCAPE, INC









EXHIBIT 10.21




 




GLOBALSCAPE,

INC.




INCENTIVE

STOCK OPTION AGREEMENT




 




This Incentive

Stock Option Agreement (the “Agreement”) is entered into between GLOBALSCAPE,

INC., a Delaware corporation (the “Company”), and                                          (the “Optionee”) as of

the 4th day of April, 2001 (the “Date of Grant”).  In consideration of the mutual promises and covenants made

herein, the parties hereby agree as follows:




 




1.             Grant of Option.  Under the terms and conditions of the

Company’s 2000 Stock Option Plan (the “Plan”), which is incorporated herein by

reference, the Company grants to the Optionee an option (the “Option”) to

purchase from the Company all or any part of a total of                                                                    

(                                      ) shares of the Company’s

Common Stock, par value $0.001 per share, at a price of $0.4640 per share.




 




2.             Character of Option.  The Option is an “incentive stock option”

within the meaning of Section 422 of the Internal Revenue Code of 1986, as

amended; provided, however, that to the extent the Option does not qualify as

an incentive option by virtue of exceeding the $100,000 limitation in Section

422(d) of such Code, the Option shall be treated as an option other than an

incentive stock option.




 




3.             Term.  The Option will expire on the day prior to

the tenth anniversary of the Date of Grant or, in the event of the Optionee’s

termination of service as an employee, director, or advisor of the Company, on

such earlier date as may be provided in the Plan.




 




4.             Vesting; Exercisability.  Subject to any provisions of the Plan

concerning exercisability and vesting of options, the Option shall vest

according to the following schedule:




 




	

  Percentage Vested


  	

   


  	

  Period


  
	

  33%


  	

   


  	

  First anniversary of

  the Date of Grant


  
	

  33%


  	

   


  	

  Second anniversary of

  the Date of Grant


  
	

  34%


  	

   


  	

  Third anniversary of

  the Date of Grant


  





 




The unexercised portion

of the Option from one period may be carried over to a subsequent period or

periods, and the right of the Optionee to exercise the option as to such

unexercised portion shall continue for the entire term.




 




Notwithstanding

anything else to the contrary herein, upon the occurrence of a “Change of

Control,” this Option shall become fully exercisable.  The term “Change of Control” shall mean the occurrence of any of

the following events: (i)  any “person”

as that term is used in Section 13(d) and 14(d) of the Securities Exchange Act

of 1934, as amended (the “Exchange Act”) (other than the Company, ATSI

Communications, Inc. (“ATSI”), any trustee or other




 




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 fiduciary holding securities under an

employee benefit plan of the Company or ATSI, any company owned, directly or

indirectly, by the stockholders of the Company in substantially the same

proportions as their ownership of the stock of the Company, or any company

owned, directly or indirectly, by the stockholders of ATSI in substantially the

same proportions as their ownership of the stock of ATSI), is or becomes the

“beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly

or indirectly, of securities of the Company 

representing more than fifty percent (50%) of the combined voting power

of the Company’s then outstanding voting securities; (ii)  during any period of twenty-four (24)

consecutive months, individuals who at the beginning of such period constitute

the Board and any new director (other than a director designated by a person

who has entered into any agreement with the Company to effect a transaction

described in subsection (i), (iii) or (iv) of this paragraph) whose election by

the Board or nomination by the Board for election by the stockholders was

approved by a vote of at least two-thirds (2/3) of the directors then still in

office who either were directors at the beginning of the period or whose

election or nomination was previously so approved, cease for any reason to

constitute a majority of the Board; (iii) 

the stockholders of the Company approve a merger, consolidation or

reorganization of the Company with any other corporation, other than a

merger,  consolidation, or

reorganization which would result in the stockholders of the Company

immediately before such merger, consolidation or reorganization, owning,

directly or indirectly immediately following such merger, consolidation or reorganization,

at least fifty-one percent (51%) of the combined voting power of the voting

securities of the Company or such surviving entity outstanding immediately

after such merger, consolidation or reorganization in substantially the same

proportion as their ownership of the voting securities immediately before such

merger, consolidation, or reorganization; or (iv) the stockholders of the

Company approve a plan of complete liquidation of the Company or an agreement

for the sale or disposition by the Company of all or substantially all of the

Company’s assets.  Notwithstanding

anything to the contrary herein, a Change of Control shall not be deemed to

occur as a result of an acquisition of Company securities or assets by ATSI, or

any consolidation, merger or exchange of securities with ATSI.




 




5.             Procedure for Exercise.  Exercise of the Option or a portion thereof

shall be effected by the giving of written notice to the Company by the

Optionee in accordance with the Plan and payment of the purchase price prescribed

in Section 1 above for the shares to be acquired pursuant to the exercise.




 




6.             Payment of Purchase Price.  Payment of the purchase price for any shares

purchased pursuant to the Option shall be in accordance with the provisions of

the Plan.




 




7.             Transfer of Options.  The Option may not be transferred except (i)

by will or the laws of descent and distribution or (ii) pursuant to the terms

of a qualified domestic relations order, as defined by the Code or Title I of

the Employee Retirement Income Security Act of 1974, as amended, and, during

the lifetime of the Optionee, may be exercised only by the Optionee or by the

Optionee’s legally authorized representative.




 




8.             Acceptance of the Plan.  The Option is granted subject to all of the

applicable terms and provisions of the Plan, and such terms and provisions are

incorporated by reference




 




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herein.  The Optionee hereby

accepts and agrees to be bound by all the terms and conditions of the Plan.




 




9.             Amendment.  This Agreement may be amended by an

instrument in writing signed by both the Company and the Optionee.




 




10.          Miscellaneous.  This Agreement will be construed and

enforced in accordance with the laws of the State of Texas and will be binding

upon and inure to the benefit of any successor or assign of the Company and any

executor, administrator, trustee, guarantor or other legal representative of

the Optionee.




 




Executed to be effective

as of the date set forth above.




 




	

   


  	

  GLOBALSCAPE, INC.


  
	

   


  	

   


  
	

   


  	

  By:


  	

   


  	

   


  
	

   


  	

  Tim Nicolaou


  
	

   


  	

  Chief Executive Officer


  
	

   


  	

   


  
	

   


  	

   


  	

   


  
	

   


  	

  [Name of Optionee]


  





 




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