Document:

Form of Notice of Stock Option Grant and Stock Option Agreement

 Exhibit 10.17 
 GlassHouse Technologies, Inc. 
 Amended and Restated
2001 Stock Option and Grant Plan 
 Notice of Stock Option Grant 
 (Installment Vesting) 
 You have been granted the following option to purchase shares of the Common Stock of GlassHouse Technologies, Inc. (the “Company”): 
  

			
	Name of Optionee:	  	«Name»
		
	Total Number of Shares:	  	«TotalShares»
		
	Type of Option:	  	Incentive Stock Option (ISO)
		
		  	Nonstatutory Stock Option (NSO)
		
	Exercise Price Per Share:	  	$
		
	Date of Grant:	  	«DateGrant»
		
	Date Exercisable:	  	This option may be exercised with respect to the first 25% of the Shares subject to this option when the Optionee completes twelve (12) months of continuous Service after the
Vesting Commencement Date. This option may be exercised with respect to an additional 6.25% of the Shares subject to this option when the Optionee completes each calendar quarter of continuous Service thereafter.
		
	Vesting Commencement Date:	  	«VestComDate»
		
	Expiration Date:	  	«ExpDate». This option expires earlier if the Optionee’s Service terminates earlier, as provided in Section 6 of the Stock Option Agreement.

 By your signature and the signature of the Company’s representative below, you and the Company
agree that this option is granted under and governed by the terms and conditions of the Amended and Restated 2001 Stock Option and Grant Plan and the Stock Option Agreement, both of which are attached to and made a part of this document. 

 

									
	Optionee:	 		  	GlassHouse Technologies, Inc.	  	
					
	  
	 		  	By:	  	  
	  	
	«Name»	 		  		  		  	

 THE OPTION GRANTED PURSUANT TO THIS AGREEMENT AND THE SHARES ISSUABLE UPON THE EXERCISE THEREOF
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE 

 
TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.

 GlassHouse Technologies, Inc. 
 Amended and Restated 2001 Stock Option and Grant Plan: 
 Stock Option
Agreement 
 SECTION 1. GRANT OF OPTION. 
 (a) Option. On the terms and conditions set forth in the Notice of Stock Option Grant and this Agreement, the Company grants to the Optionee on the Date of Grant the option to purchase at the
Exercise Price the number of Shares set forth in the Notice of Stock Option Grant. The Exercise Price is agreed to be at least 100% of the Fair Market Value per Share on the Date of Grant (110% of Fair Market Value if Section 3(b) of the Plan
applies). This option is intended to be an ISO or an NSO, as provided in the Notice of Stock Option Grant. 
 (b) $100,000
Limitation. Even if this option is designated as an ISO in the Notice of Stock Option Grant, it shall be deemed to be an NSO to the extent (and only to the extent) required by the $100,000 annual limitation under Section 422(d) of the Code.

 (c) Stock Plan and Defined Terms. This option is granted pursuant to the Plan, a copy of which the Optionee
acknowledges having received. The provisions of the Plan are incorporated into this Agreement by this reference. Capitalized terms are defined in Section 13 of this Agreement. 
 SECTION 2. RIGHT TO EXERCISE. 
 (a) Exercisability. Subject to
Subsection (b) below and the other conditions set forth in this Agreement, all or part of this option may be exercised prior to its expiration at the time or times set forth in the Notice of Stock Option Grant. In addition, this option shall
become exercisable in full if (i) the Company is subject to a Change in Control before the Optionee’s Service terminates, (ii) this option does not remain outstanding following the Change in Control, (iii) this option is not
assumed by the surviving corporation or its parent, (iv) the surviving corporation or its parent does not substitute an option with substantially the same terms for this option and (v) the full value of this option (whether or not
exercisable) is not settled in cash or cash equivalents. 
 (b) Stockholder Approval. Any other provision of this
Agreement notwithstanding, no portion of this option shall be exercisable at any time prior to the approval of the Plan by the Company’s stockholders. 
 SECTION 3. NO TRANSFER OR ASSIGNMENT OF OPTION. 
 Except as otherwise
provided in this Agreement, this option and the rights and privileges conferred hereby shall not be sold, pledged or otherwise transferred (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment, levy
or similar process. 
  

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 SECTION 4. EXERCISE PROCEDURES. 
 (a) Notice of Exercise. The Optionee or the Optionee’s representative may exercise this option by giving written notice to the
Company pursuant to Section 12(c). The notice shall specify the election to exercise this option, the number of Shares for which it is being exercised and the form of payment. The person exercising this option shall sign the notice. In the
event that this option is being exercised by the representative of the Optionee, the notice shall be accompanied by proof (satisfactory to the Company) of the representative’s right to exercise this option. The Optionee or the Optionee’s
representative shall deliver to the Company, at the time of giving the notice, payment in a form permissible under Section 5 for the full amount of the Purchase Price. 
 (b) Issuance of Shares. After receiving a proper notice of exercise, the Company shall cause to be issued one or more certificates
evidencing the Shares for which this option has been exercised. Such Shares shall be registered (i) in the name of the person exercising this option, (ii) in the names of such person and his or her spouse as community property or as joint
tenants with the right of survivorship or (iii) with the Company’s consent, in the name of a revocable trust. The Company shall cause such certificates to be delivered to or upon the order of the person exercising this option. 

(c) Withholding Taxes. In the event that the Company determines that it is required to withhold any tax as a result of the
exercise of this option, the Optionee, as a condition to the exercise of this option, shall make arrangements satisfactory to the Company to enable it to satisfy all withholding requirements. The Optionee shall also make arrangements satisfactory to
the Company to enable it to satisfy any withholding requirements that may arise in connection with the disposition of Shares purchased by exercising this option. 
 SECTION 5. PAYMENT FOR STOCK. 
 (a) Cash. All or part of the Purchase
Price may be paid in cash or cash equivalents. 
 (b) Surrender of Stock. All or any part of the Purchase Price may be
paid by surrendering, or attesting to the ownership of, Shares that are already owned by the Optionee. Such Shares shall be surrendered to the Company in good form for transfer and shall be valued at their Fair Market Value on the date when this
option is exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Purchase Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with respect
to this option for financial reporting purposes. 
 (c) Exercise/Sale. All or part of the Purchase Price and any
withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to a securities broker approved by the Company to sell Shares and to deliver all or part of the sales proceeds to the Company. However,
payment pursuant to this Subsection (c) shall be permitted only if (i) Stock then is publicly traded and (ii) such payment does not violate applicable law. 
 (d) Exercise/Pledge. All or part of the Purchase Price and any withholding taxes may be paid by the delivery (on a form prescribed by the Company) of an irrevocable direction to pledge Shares to a
securities broker or lender approved by the Company, as security for a loan, and to deliver all or part of the loan proceeds to the Company. However, payment pursuant to this Subsection (d) shall be permitted only if (i) Stock then is
publicly traded and (ii) such payment does not violate applicable law. 
  

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 SECTION 6. TERM AND EXPIRATION. 
 (a) Basic Term. This option shall in any event expire on the expiration date set forth in the Notice of Stock Option Grant, which date
is 10 years after the Date of Grant (five years after the Date of Grant if this option is designated as an ISO in the Notice of Stock Option Grant and Section 3(b) of the Plan applies). 
 (b) Termination of Service (Except by Death). If the Optionee’s Service terminates for any reason other than death, then this
option shall expire on the earliest of the following occasions: 
 (i) The expiration date determined pursuant to
Subsection (a) above; 
 (ii) The date three months after the termination of the Optionee’s Service for
any reason other than Disability; or 
 (iii) The date twelve months after the termination of the Optionee’s
Service by reason of Disability. 
 The Optionee may exercise all or part of this option at any time before its expiration under the preceding
sentence, but only to the extent that this option had become exercisable before the Optionee’s Service terminated. When the Optionee’s Service terminates, this option shall expire immediately with respect to the number of Shares for which
this option is not yet exercisable. In the event that the Optionee dies after termination of Service but before the expiration of this option, all or part of this option may be exercised (prior to expiration) by the executors or administrators of
the Optionee’s estate or by any person who has acquired this option directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that this option had become exercisable before the Optionee’s Service
terminated. 
 (c) Death of the Optionee. If the Optionee dies while in Service, then this option shall expire on the
earlier of the following dates: 
 (i) The expiration date determined pursuant to Subsection (a) above; or

 (ii) The date twelve months after the Optionee’s death. 
 All or part of this option may be exercised at any time before its expiration under the preceding sentence by the executors or administrators of the
Optionee’s estate or by any person who has acquired this option directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that this option had become exercisable before the Optionee’s death. When
the Optionee dies, this option shall expire immediately with respect to the number of Shares for which this option is not yet exercisable. 
 (d) Part-Time Employment and Leaves of Absence. If the Optionee commences working on a part-time basis, then the Company may adjust the vesting schedule set forth in the Notice of Stock Option
Grant in accordance with the Company’s part-time work policy or the terms of an agreement between the Optionee and the Company pertaining to his or her part-time schedule. If the Optionee goes on a leave of absence, then the Company may adjust
the vesting schedule set forth in the Notice of Stock Option Grant in accordance with the Company’s leave of absence policy or the terms of such leave. Except as provided in the preceding sentence, Service shall be deemed to continue for any
purpose under this Agreement while the Optionee is on a bona fide leave of absence, if (i) such leave was approved by the Company in writing and (ii) continued crediting of Service for such purpose is expressly required by the terms
of such leave or by applicable law (as determined by the Company). Service shall be deemed to terminate when such leave ends, unless the Optionee immediately returns to active work. 
  

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 (e) Notice Concerning ISO Treatment. Even if this option is designated as an ISO in
the Notice of Stock Option Grant, it ceases to qualify for favorable tax treatment as an ISO to the extent that it is exercised: 
 (i) More than three months after the date when the Optionee ceases to be an Employee for any reason other than death or permanent and total disability (as defined in Section 22(e)(3) of the Code);

 (ii) More than 12 months after the date when the Optionee ceases to be an Employee by reason of permanent and
total disability (as defined in Section 22(e)(3) of the Code); or 
 (iii) More than three months after the
date when the Optionee has been on a leave of absence for 90 days, unless the Optionee’s reemployment rights following such leave were guaranteed by statute or by contract. 
 SECTION 7. RIGHT OF FIRST REFUSAL. 
 (a) Right of First Refusal. In
the event that the Optionee proposes to sell, pledge or otherwise transfer to a third party any Shares acquired under this Agreement, or any interest in such Shares, the Company shall have the Right of First Refusal with respect to all (and not less
than all) of such Shares. If the Optionee desires to transfer Shares acquired under this Agreement, the Optionee shall give a written Transfer Notice to the Company describing fully the proposed transfer, including the number of Shares proposed to
be transferred, the proposed transfer price, the name and address of the proposed Transferee and proof satisfactory to the Company that the proposed sale or transfer will not violate any applicable federal or state securities laws. The Transfer
Notice shall be signed both by the Optionee and by the proposed Transferee and must constitute a binding commitment of both parties to the transfer of the Shares. The Company shall have the right to purchase all, and not less than all, of the Shares
on the terms of the proposal described in the Transfer Notice (subject, however, to any change in such terms permitted under Subsection (b) below) by delivery of a notice of exercise of the Right of First Refusal within 30 days after the date
when the Transfer Notice was received by the Company. 
 (b) Transfer of Shares. If the Company fails to exercise its
Right of First Refusal within 30 days after the date when it received the Transfer Notice, the Optionee may, not later than 90 days following receipt of the Transfer Notice by the Company, conclude a transfer of the Shares subject to the
Transfer Notice on the terms and conditions described in the Transfer Notice, provided that any such sale is made in compliance with applicable federal and state securities laws and not in violation of any other contractual restrictions to which the
Optionee is bound. Any proposed transfer on terms and conditions different from those described in the Transfer Notice, as well as any subsequent proposed transfer by the Optionee, shall again be subject to the Right of First Refusal and shall
require compliance with the procedure described in Subsection (a) above. If the Company exercises its Right of First Refusal, the parties shall consummate the sale of the Shares on the terms set forth in the Transfer Notice within 60 days
after the date when the Company received the Transfer Notice (or within such longer period as may have been specified in the Transfer Notice); provided, however, that in the event the Transfer Notice provided that payment for the Shares was to be
made in a form other than cash or cash equivalents paid at the time of transfer, the Company shall have the option of paying for the Shares with cash or cash equivalents equal to the present value of the consideration described in the Transfer
Notice. 
  

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 (c) Additional or Exchanged Securities and Property. In the event of a merger or
consolidation of the Company with or into another entity, any other corporate reorganization, a stock split, the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, an
adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding securities, any securities or other property (including cash or cash equivalents) that are by reason of such transaction exchanged
for, or distributed with respect to, any Shares subject to this Section 7 shall immediately be subject to the Right of First Refusal. Appropriate adjustments to reflect the exchange or distribution of such securities or property shall be made
to the number and/or class of the Shares subject to this Section 7. 
 (d) Termination of Right of First Refusal.
Any other provision of this Section 7 notwithstanding, in the event that the Stock is readily tradable on an established securities market when the Optionee desires to transfer Shares, the Company shall have no Right of First Refusal, and the
Optionee shall have no obligation to comply with the procedures prescribed by Subsections (a) and (b) above. 
 (e)
Permitted Transfers. This Section 7 shall not apply to (i) a transfer by beneficiary designation, will or intestate succession or (ii) a transfer to one or more members of the Optionee’s Immediate Family or to a trust
established by the Optionee for the benefit of the Optionee and/or one or more members of the Optionee’s Immediate Family, provided in either case that the Transferee agrees in writing on a form prescribed by the Company to be bound by all
provisions of this Agreement. If the Optionee transfers any Shares acquired under this Agreement, either under this Subsection (e) or after the Company has failed to exercise the Right of First Refusal, then this Agreement shall apply to the
Transferee to the same extent as to the Optionee. 
 (f) Termination of Rights as Stockholder. If the Company makes
available, at the time and place and in the amount and form provided in this Agreement, the consideration for the Shares to be purchased in accordance with this Section 7, then after such time the person from whom such Shares are to be
purchased shall no longer have any rights as a holder of such Shares (other than the right to receive payment of such consideration in accordance with this Agreement). Such Shares shall be deemed to have been purchased in accordance with the
applicable provisions hereof, whether or not the certificate(s) therefor have been delivered as required by this Agreement. 
 (g) Assignment of Right of First Refusal. The Board of Directors may freely assign the Company’s Right of First Refusal, in whole or in part. Any person who accepts an assignment of the Right of First Refusal from the Company
shall assume all of the Company’s rights and obligations under this Section 7. 
 SECTION 8. LEGALITY OF INITIAL ISSUANCE. 

 No Shares shall be issued upon the exercise of this option unless and until the Company has determined that: 
 (a) It and the Optionee have taken any actions required to register the Shares under the Securities Act or to perfect an
exemption from the registration requirements thereof; 
 (b) Any applicable listing requirement of any stock
exchange or other securities market on which Stock is listed has been satisfied; and 
  

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 (c) Any other applicable provision of federal, state or foreign law has been
satisfied. 
 SECTION 9. NO REGISTRATION RIGHTS. 
 The Company may, but shall not be obligated to, register or qualify the sale of Shares under the Securities Act or any other applicable law. The Company shall not be obligated to take any affirmative
action in order to cause the sale of Shares under this Agreement to comply with any law. 
 SECTION 10. RESTRICTIONS ON TRANSFER.

 (a) Securities Law Restrictions. Regardless of whether the offering and sale of Shares under the Plan have been
registered under the Securities Act or have been registered or qualified under the securities laws of any state, the Company at its discretion may impose restrictions upon the sale, pledge or other transfer of such Shares (including the placement of
appropriate legends on stock certificates or the imposition of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary or desirable in order to achieve compliance with the Securities Act, the securities laws
of any state or any other law. 
 (b) Market Stand-Off. In connection with any underwritten public offering by the
Company of its equity securities pursuant to an effective registration statement filed under the Securities Act, including the Company’s initial public offering, the Optionee or 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 Shares acquired under this Agreement without the prior written consent of the Company 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 Company or such underwriters. In no event, however, shall such period exceed 180 days. The Market Stand-Off shall in any event terminate two years after the date of the
Company’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 Company’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 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 Company may impose stop-transfer instructions with respect to the Shares acquired under this Agreement until the end of the applicable
stand-off period. The Company’s underwriters shall be beneficiaries of the agreement set forth in this Subsection (b). This Subsection (b) shall not apply to Shares registered in the public offering under the Securities Act, and the
Optionee or a Transferee shall be subject to this Subsection (b) only if the directors and officers of the Company are subject to similar arrangements. 
 (c) Investment Intent at Grant. The Optionee represents and agrees that the Shares to be acquired upon exercising this option will be acquired for investment, and not with a view to the sale or
distribution thereof. 
 (d) Investment Intent at Exercise. In the event that the sale of Shares under the Plan is not
registered under the Securities Act but an exemption is available which requires an investment representation or other representation, the Optionee shall represent and agree at the time of exercise that the Shares being acquired upon exercising this
option are being acquired for investment, and not with a view to the sale or distribution thereof, and shall make such other representations as are deemed necessary or appropriate by the Company and its counsel. 
  

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 (e) Legends. All certificates evidencing Shares purchased under this Agreement shall
bear the following legend: 
 “THE SHARES REPRESENTED HEREBY MAY NOT BE SOLD, ASSIGNED, TRANSFERRED, ENCUMBERED OR IN ANY
MANNER DISPOSED OF, EXCEPT IN COMPLIANCE WITH THE TERMS OF A WRITTEN AGREEMENT BETWEEN THE COMPANY AND THE REGISTERED HOLDER OF THE SHARES (OR THE PREDECESSOR IN INTEREST TO THE SHARES). SUCH AGREEMENT GRANTS TO THE COMPANY CERTAIN RIGHTS OF FIRST
REFUSAL UPON AN ATTEMPTED TRANSFER OF THE SHARES. THE SECRETARY OF THE COMPANY WILL UPON WRITTEN REQUEST FURNISH A COPY OF SUCH AGREEMENT TO THE HOLDER HEREOF WITHOUT CHARGE.” 
 All certificates evidencing Shares purchased under this Agreement in an unregistered transaction shall bear the following legend (and such other restrictive legends as are required or deemed advisable
under the provisions of any applicable law): 
 “THE SHARES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT
REQUIRED.” 
 (f) Removal of Legends. If, in the opinion of the Company and its counsel, any legend placed on a
stock certificate representing Shares sold under this Agreement is no longer required, the holder of such certificate shall be entitled to exchange such certificate for a certificate representing the same number of Shares but without such legend.

 (g) Administration. Any determination by the Company and its counsel in connection with any of the matters set forth
in this Section 10 shall be conclusive and binding on the Optionee and all other persons. 
 SECTION 11. ADJUSTMENT OF SHARES.

 In the event of any transaction described in Section 8(a) of the Plan, the terms of this option (including, without
limitation, the number and kind of Shares subject to this option and the Exercise Price) shall be adjusted as set forth in Section 8(a) of the Plan. In the event that the Company is a party to a merger or consolidation, this option shall be
subject to the agreement of merger or consolidation, as provided in Section 8(b) of the Plan. 
 SECTION 12. MISCELLANEOUS PROVISIONS.

 (a) Rights as a Stockholder. Neither the Optionee nor the Optionee’s representative shall have any rights as a
stockholder with respect to any Shares subject to this option until the Optionee or the Optionee’s representative becomes entitled to receive such Shares by filing a notice of exercise and paying the Purchase Price pursuant to Sections 4
and 5. 
 (b) No Retention Rights. Nothing in this option or in the Plan shall confer upon the Optionee any right to
continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or retaining the Optionee) or of the Optionee, which rights are hereby
expressly reserved by each, to terminate his or her Service at any time and for any reason, with or without cause. 
  

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 (c) Notice. Any notice required by the terms of this Agreement shall be given in
writing. It shall be deemed effective upon (i) personal delivery, (ii) deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid or (iii) deposit with Federal Express Corporation,
with shipping charges prepaid. Notice shall be addressed to the Company at its principal executive office and to the Optionee at the address that he or she most recently provided to the Company in accordance with this Subsection (c).

 (d) Entire Agreement. The Notice of Stock Option Grant, this Agreement and the Plan constitute the entire contract
between the parties hereto with regard to the subject matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof.

 (e) Choice of Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of
Delaware, as such laws are applied to contracts entered into and performed in such State. 
 SECTION 13. DEFINITIONS. 
 (a) “Agreement” shall mean this Stock Option Agreement. 
 (b) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to time or, if a
Committee has been appointed, such Committee. 
 (c) “Change in Control” shall mean (i) the consummation
of a merger or consolidation of the Company with or into another entity or (ii) the dissolution, liquidation or winding up of the Company. The foregoing notwithstanding, a merger or consolidation of the Company shall not constitute a
“Change in Control” if immediately after such merger or consolidation a majority of the voting power of the capital stock of the continuing or surviving entity, or any direct or indirect parent corporation of such continuing or surviving
entity, will be owned by the persons who were the Company’s stockholders immediately prior to such merger or consolidation in substantially the same proportions as their ownership of the voting power of the Company’s capital stock
immediately prior to such merger or consolidation. 
 (d) “Code” shall mean the Internal Revenue Code of 1986,
as amended. 
 (e) “Committee” shall mean a committee of the Board of Directors, as described in Section 2
of the Plan. 
 (f) “Company” shall mean GlassHouse Technologies, Inc., a Delaware corporation. 
 (g) “Consultant” shall mean a person who performs bona fide services for the Company, a Parent or a Subsidiary as a
consultant or advisor, excluding Employees and Outside Directors. 
 (h) “Date of Grant” shall mean the date
specified in the Notice of Stock Option Grant, which date shall be the later of (i) the date on which the Board of Directors resolved to grant this option or (ii) the first day of the Optionee’s Service. 
  

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 (i) “Disability” shall mean that the Optionee is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment. 
 (j)
“Employee” shall mean any individual who is a common-law employee of the Company, a Parent or a Subsidiary. 
 (k) “Exercise Price” shall mean the amount for which one Share may be purchased upon exercise of this option, as specified in the Notice of Stock Option Grant. 
 (l) “Fair Market Value” shall mean the fair market value of a Share, as determined by the Board of Directors in good faith.
Such determination shall be conclusive and binding on all persons. 
 (m) “Immediate Family” shall mean any
child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law and shall include adoptive relationships. 
 (n) “ISO” shall mean an employee incentive stock option described in Section 422(b) of the Code. 
 (o) “Notice of Stock Option Grant” shall mean the document so entitled to which this Agreement is attached. 
 (p) “NSO” shall mean a stock option not described in Sections 422(b) or 423(b) of the Code. 
 (q) “Optionee” shall mean the person named in the Notice of Stock Option Grant. 
 (r) “Outside Director” shall mean a member of the Board of Directors who is not an Employee. 
 (s) “Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the
Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. 
 (t) “Plan” shall mean the GlassHouse Technologies, Inc. Amended and Restated 2001 Stock Option and Grant Plan, as in effect
on the Date of Grant. 
 (u) “Purchase Price” shall mean the Exercise Price multiplied by the number of Shares
with respect to which this option is being exercised. 
 (v) “Right of First Refusal” shall mean the
Company’s right of first refusal described in Section 7. 
 (w) “Securities Act” shall mean the
Securities Act of 1933, as amended. 
 (x) “Service” shall mean service as an Employee, Outside Director or
Consultant. 
 (y) “Share” shall mean one share of Stock, as adjusted in accordance with Section 8 of the
Plan (if applicable). 
  

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 (z) “Stock” shall mean the Common Stock of the Company, with a par value of
$0.001 per Share. 
 (aa) “Subsidiary” shall mean any corporation (other than the Company) in an unbroken chain
of corporations beginning with the Company, if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other
corporations in such chain. 
 (bb) “Transferee” shall mean any person to whom the Optionee has directly or
indirectly transferred any Share acquired under this Agreement. 
 (cc) “Transfer Notice” shall mean the notice
of a proposed transfer of Shares described in Section 7. 
  

 11Form of 102 Option Agreement

 Exhibit10.18 
 DATE OF
GRANT:                     
 THE OPTIONS REPRESENTED BY THIS OPTION AGREEMENT AND THE SHARES UNDERLYING
SUCH OPTIONS HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES OF
AMERICA SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE
SECURITIES LAW. NEITHER THE OPTIONS OR SHARES MAY BE SOLD, MORTGAGED,
PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT OR PURSUANT TO AN EXEMPTION FROM
REGISTRATION UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, THE AVAILABILITY
OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

 SALE AND TRANSFER OF THE OPTIONS AND
SHARES MAY ALSO REQUIRE A PROSPECTUS APPROVED FOR PUBLICATION PURSUANT TO
THE ISRAELI SECURITIES LAW, 1968 (THE “LAW”). NO APPROVAL HAS BEEN GRANTED
PURSUANT TO THE LAW FOR THE PUBLICATION OF A PROSPECTUS FOR THE
SALE OR TRANSFER OF THE OPTIONS OR THE SHARES. 
 GLASSHOUSE TECHNOLOGIES, INC. 
 102
OPTION AGREEMENT 
 THIS OPTION AGREEMENT (the “Option Agreement”) is made by and
between GlassHouse technologies, Inc, a Delaware corporation (the “Company”), and                      (the
“Optionee”). 
 The 102 Options represented by this Option Agreement may only be exercised in accordance with the terms and
conditions of the GlassHouse Technologies, Inc. Israeli Stock Option and Grant Plan, as amended by the Israeli Sub-plan attached thereto as Appendix A (collectively, the “Plan”). A copy of the Plan is provided to this Optionee
at the time of issuing these Options. 
 1. GRANT OF OPTIONS

 1.1 Subject to the terms and conditions of the Plan and of this Option Agreement, the Company hereby grants to Optionee
the right to purchase (the “Options”) an aggregate of                      (
         ) shares of the Company’s common stock (the “Shares”). 
 1.2 The Options are specifically conditioned on compliance with the terms and conditions set forth herein and in the Plan. 
 1.3 Capitalized terms used in this Option Agreement shall have the same meaning as the defined capitalized terms in the Plan. 
 1.4 The Options granted hereunder are intended to qualify as Approved 102 Options designated as Capital Gains Options., in accordance with the terms of the Plan. 
 2. TERM OF OPTIONS 
 2.1 Subject to the terms, conditions and restrictions set forth herein, the term of this Option Agreement and of the Options shall be ten years from the date of grant (the “Expiration
Date”). 
 2.2 Any portion of the Options not exercised prior to the Expiration Date shall thereupon become null and
void. 

 3. EXERCISE OF OPTIONS 

3.1 Vesting of Options 
 The Options shall become exercisable as follows: 
  

			
	 Number of Options/Shares
	 	 Vesting Date [event]

		 	

 Each of the foregoing dates shall be referred to as a “Vesting Date”, that
portion of the Options vested on such date shall be referred to as the “Vested Portion”, and the other portion of the Options shall be referred to as the “NonVested Portion”. Upon the termination of the employment for any reason
any NonVested Portion shall immediately expire. 
 3.2 Exercise – The Vested Portion may be exercised from time to
time, in whole or in part, by presentation of a request to exercise form, substantially in the form attached hereto, to the Secretary of the Company, or such other person the Company may designate from time to time) at its principal office, which
form must be duly executed by Optionee and accompanied by payment, of the Purchase Price (as defined below), multiplied by the number of Shares Optionee is purchasing at such time. Such payment to be made by (i) cash, (ii) by check payable
to the Company. 
 3.3 Purchase Price – The purchase price (the “Purchase Price”) payable upon exercise of
the Options shall be one US Dollar and seventy four Cents ($1.74) per Share, which is not less than the Fair Market Value of the Share on the date of grant of the Options hereunder. The Purchase Price shall be paid in NIS pursuant to the exchange
rate of the US Dollar to the NIS published by the Israel Bank known at the date of the Exercise. 
 3.4 Tax Consequences
– The tax consequences of stock options are complex and subject to change. The Optionee should consult with his or her tax advisor before exercising any Option or disposing of any Shares acquired upon the exercise of an Option. 
 The granting of the Options hereunder is subject to the provisions of Section 102 rules. At the time of transfer of the Approved 102
Options or the Shares issuable upon their exercise (the “102 Shares”) from the Trustee to Optionee, Optionee shall be subject to taxation. The tax consequences resulting from the exercise and transfer are the Optionee’s sole
and absolute responsibility, and payment of the tax (including by way of withholding) is a precondition for the sale or transfer of Approved 102 Option or 102 Shares from the Trustee. 
 3.5 Trust – As required by the Section 102 rules and to secure performance of applicable tax requirements, the Approved 102
Options shall be held in Trust by the Trustee, and shall be released from such Trust only upon full compliance with the legal requirements and the terms set forth herein and in the Plan. For this purpose, a trust instrument was signed between the
Company and the Trustee, a copy of which is available for the Optionee’s review (the “Trust Agreement”). The conditions under the Trust Agreement apply to the Options granted under this agreement. 

 3.6 Further details regarding Section 102 – The income resulting from the
granting and the exercise of the Options shall be deferred for as long as the Option and the 102 Shares are held by the Trustee. As a condition to such deferral, the Section 102 rules require further that the Options and the 102 Shares, be held
by the Trustee for a period of at least 2 years as of their Date of Grant or such other period as shall be determined under Section 102 and the rules, regulation and order s promulgated thereunder. 
 3.7 Withholding of Taxes – The Company and/or its Affiliates and/or the Trustee shall withhold taxes according to the
requirements under the applicable laws, rules, and regulations, including withholding taxes at source. Furthermore, the Optionee shall agree to indemnify the Company and/or its Affiliates and/or the Trustee and hold them harmless against and from
any and all liability for any such tax or interest or penalty thereon, including without limitation, liabilities relating to the necessity to withhold, or to have withheld, any such tax from any payment made to the Optionee. Notwithstanding anything
to the contrary contained herein, if the Optionee is entitled to receive Shares upon exercise of an Option, the Company shall have the right to require the Optionee, prior to the delivery of such Shares, to pay to the Company the amount of any
income taxes and other amounts that the Company is required by law to withhold. 
  

	4.	EXERCISE AFTER CERTAIN EVENTS 

 4.1 Termination of All Services – In the event that Optionee’s Service, other than upon the Optionee’s death or
Disability, vested Options held at the date of such Termination (to the extent then exercisable) may be exercised, in whole or in part, at any time within three (3) months of the date of such Termination (but in no event after the earlier of
(i) the expiration date of this Option Agreement as set forth herein, and ten (10) years from the Date of Grant). 
 4.2 Disability and Death – If Optionee becomes is disabled, or dies, while an Employee, Director or Consultant of the Company or its Affiliate(s), or within the three (3) months after the termination of the Optionee’s
Service vested Options then held (to the extent then exercisable) may be exercised by Optionee, Optionee’s personal representative, or by the person to whom this Option Agreement is transferred by will or the laws of descent and distribution,
in whole or in part, at any time within twelve (12) months after the Disability or death (but in no event after the earlier of (i) the expiration date of this Option Agreement set forth herein, and (ii) ten (10) years from the
Date of Grant. 
  

	5.	RIGHTS OF EMPLOYEES 

 Nothing in this Option Agreement will confer or be deemed to confer on Optionee any right to continue in the employ of, or to continue any other relationship
with, the Company or its Affiliates, or to limit in any way the right of the Company or of any of its Affiliates to terminate Optionee’s employment or, with or without cause. 

 6. SECURITIES LAWS  
 6.1 Regulatory Compliance – This Option Agreement will not be effective unless it is in compliance with all applicable U.S
federal and state securities laws, rules and regulations of any governmental body, and the requirements of any stock exchange or automated quotation system upon which the Shares may then be listed or quoted, as they are in effect on the date of
grant of this Option Agreement and also on the date of exercise or other issuance. Notwithstanding any other provision herein, the Company will have no obligation to issue or deliver certificates for Shares under this Option Agreement prior to
(a) obtaining any approvals from governmental agencies that it determines are necessary or advisable; and/or (b) completion of any registration or other qualification of such Shares under any state or federal laws or rulings of any
governmental body that the Company determines to be necessary or advisable. 
 6.2 Investment Intent at Grant –
Optionee represents and agrees that the Shares to be acquired upon exercising this Option Agreement will be acquired for investment, and not with a view to the sale or distribution thereof. 
 6.3 Investment Intent at Exercise – In the event that the sale of Shares under the Plan is not registered under the Act but an
exemption is available which requires an investment representation or other representation, Optionee shall represent and agree at the time of exercise that the Shares being acquired upon exercising this Option Agreement are being acquired for
investment, and not with a view to the sale or distribution thereof, and shall make such other representations as are deemed necessary or appropriate by the Company and its counsel. 
 6.4 Legends – All certificates for Shares or other securities delivered under this Option Agreement will be subject to such
stock transfer orders, legends and other restrictions as the Board may deem necessary or advisable, including restrictions under any applicable federal, state or foreign securities law, or any rules, regulations and other requirements of the SEC or
any stock exchange or automated quotation system upon which the Shares may be listed or quoted. 
 All certificates evidencing
the Shares in an unregistered transaction shall bear the following legend (and such other restrictive legends as are required or deemed advisable under the provisions of any applicable law): 
 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE ACT, OR ANY STATE SECURITIES LAW. THESE SHARES MAY NOT BE SOLD, MORTGAGED,
PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SHARES UNDER THE ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, THE AVAILABILITY
OF WHICH IS TO BE ESTABLISHED TO THE SATISFACTION OF THE COMPANY 
 6.5 Removal of Legends – If, in the opinion of
the Company and its counsel, any legend placed on a stock certificate representing Shares sold under this Option Agreement is no longer required, the holder of such certificate shall be entitled to exchange such certificate for a certificate
representing the same number of Shares but without such legend. 
 6.6 Administration – Any determination by the
Company and its counsel in connection with any of the matters set forth in this Section 6 shall be final and binding on Optionee and all other persons. 

 7. MARKET STAND-OFF  
 In connection with any underwritten public offering by the Company of its equity securities pursuant to an effective registration statement
filed under the Act, including an initial public offering, Optionee 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 Shares acquired under this Option Agreement without the prior written consent of the Company 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 Company or such underwriters. In no event, however,
shall such period exceed one hundred eighty (180) days. The Market Stand-Off shall in any event terminate two (2) years after the date of the initial public offering. 
 8. NOTICES 
 All notices to be given by
either party to the other shall be in writing and may be transmitted by personal delivery, facsimile transmission, overnight courier or mail, registered or certified, postage prepaid with return receipt requested; provided, however,
that notices of change of address or telex or facsimile number shall be effective only upon actual receipt by the other party. Notices shall be delivered at the following addresses, unless changed as provided for herein. 
  

			
	 To Optionee:
	  	At the address at the end of this Option Agreement
		
	 To Company:
	  	 GlassHouse Technologies, Inc.
 200 Crossing Boulevard
 Framingham, MA 01702 USA

 9. SEVERABILITY  
 Should any provision in this Option Agreement be held to be invalid or illegal, such illegality shall not invalidate the whole of this Option
Agreement, but rather, this Option Agreement shall be construed as if it did not contain the illegal part or narrowed to permit its enforcement, and the rights and obligations of the parties shall be construed and enforced accordingly. 

10. ENTIRE AGREEMENT  
 This Option Agreement is subject to all the provisions of the Plan, a copy of which is attached hereto. This Option Agreement is further subject to all interpretations, amendments, rules and regulations
which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict between the provisions of this Option Agreement and those of the Plan, the provisions of the Plan shall control 
  

 IN WITNESS WHEREOF, this Option Agreement has been executed as of the
        day of          , 20         . 
  

			
	GlassHouse Technologies, Inc.
	 By:
	 	  

	Title:	 	  

 The undersigned acknowledges receipt of the foregoing option and the attachments referenced therein
and understands that all rights and liabilities with respect to this option are set in the Option the Plan and the Trust Agreement; and acknowledges that as of the date of grant of this Option Agreement, it sets forth the entire understanding
between the undersigned Optionee and the Company regarding the acquisition of stock in the Company and superceded all prior oral and written agreements on that subject with the exception of (i) the options previously granted and delivered to
the undersigned under stock option plans of the Company and (ii) the following agreements only: 
  

					
	 Other Agreements:
	  	  
	  	
			
	 None:
	  	                     (initial)	  	

 OPTIONEE: 
  

			
	
	  

	Signature
	
	  

	 Name (Please Print)

	
	  

	 Address

	
	  

	 City/Zip

  

 REQUEST TO EXERCISE FORM 
 Dated:                      
 The undersigned hereby irrevocably elects to exercise all or part, as specified below, of the Vested Portion of the Option granted to him or
her pursuant to that certain 102 Option Agreement effective                     , between the undersigned and GlassHouse Technologies, Inc.
(the “Company”) to purchase an aggregate of          (        ) shares of the Company’s common stock, $.001 par value (the
“Shares”). 
 The undersigned hereby tenders cash in the amount of
$         per Share multiplied by                     
(        ), the number of Shares he is purchasing at this time, for a total of $        , which constitutes full payment of the total Purchase Price
thereof. 
 The Undersigned hereby affirms that he is aware that the options under this agreement are Approved 102 Options
designated as Capital Gains Options and that he is familiar with the provisions of Section 102 and of the Capital Gains Options route. 
  

			
	INSTRUCTIONS FOR REGISTRATION OF SHARES IN GLASSHOUSE TECHNOLOGIES, INC.’S TRANSFER BOOKS
		
	Name:	 	  

		 	(Please typewrite or print in block letters)
		
	Address:	 	  

		 	  

		
	Signature:	 	  

  

			
	Accepted by                     :
		
	By:	 	  

		
	Name	 	  

		
	Title

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