Document:

2001 Amended and Restated Stock Option and Grant Plan

 Exhibit 10.11 
 Glass House Technologies, Inc. 
 Amended and
Restated 
 2001 Stock Option and Grant Plan 
 Originally Adopted on July 10, 2003 
 Last
Amended to Increase the Number of Available Shares on December 18, 2009 

 TABLE OF CONTENTS 
  

			
	 	  	Page No.
	 SECTION 1. ESTABLISHMENT AND PURPOSE.
	  	1
		
	 SECTION 2. ADMINISTRATION.
	  	1
	 (a) Committees of the Board of Directors.
	  	1
	 (b) Authority of the Board of Directors.
	  	1
		
	 SECTION 3. ELIGIBILITY.
	  	1
	 (a) General Rule.
	  	1
	 (b) Ten-Percent Stockholders.
	  	1
		
	 SECTION 4. STOCK SUBJECT TO PLAN.
	  	2
	 (a) Basic Limitation.
	  	2
	 (b) Additional Shares.
	  	2
		
	 SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES.
	  	2
	 (a) Stock Purchase Agreement.
	  	2
	 (b) Duration of Offers and Nontransferability of Rights.
	  	2
	 (c) Purchase Price.
	  	2
	 (d) Withholding Taxes.
	  	2
	 (e) Restrictions on Transfer of Shares and Minimum Vesting.
	  	2
		
	 SECTION 6. TERMS AND CONDITIONS OF OPTIONS.
	  	3
	 (a) Stock Option Agreement.
	  	3
	 (b) Number of Shares.
	  	3
	 (c) Exercise Price.
	  	3
	 (d) Exercisability.
	  	3
	 (e) Basic Term.
	  	3
	 (f) Termination of Service (Except by Death).
	  	3
	 (g) Leaves of Absence.
	  	4
	 (h) Death of Optionee.
	  	4
	 (i) Restrictions on Transfer of Shares and Minimum Vesting.
	  	4
	 (j) Transferability of Options.
	  	5
	 (k) Withholding Taxes.
	  	5
	 (l) No Rights as a Stockholder.
	  	5
	 (m) Modification, Extension and Assumption of Options.
	  	5
		
	 SECTION 7. PAYMENT FOR SHARES.
	  	5
	 (a) General Rule.
	  	5
	 (b) Surrender of Stock.
	  	5
	 (c) Services Rendered.
	  	5
	 (d) Promissory Note.
	  	6
	 (e) Exercise/Sale.
	  	6
	 (f) Exercise/Pledge.
	  	6
		
	 SECTION 8. ADJUSTMENT OF SHARES.
	  	6
	 (a) General.
	  	6
	 (b) Mergers and Consolidations.
	  	6
	 (c) Reservation of Rights.
	  	7

  

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	 SECTION 9. SECURITIES LAW REQUIREMENTS.
	  	7
	 (a) General
	  	7
	 (b) Financial Reports.
	  	7
		
	 SECTION 10. NO RETENTION RIGHTS.
	  	8
		
	 SECTION 11. DURATION AND AMENDMENTS.
	  	8
	 (a) Term of the Plan.
	  	8
	 (b) Right to Amend or Terminate the Plan.
	  	8
	 (c) Effect of Amendment or Termination.
	  	8
		
	 SECTION 12. DEFINITIONS.
	  	8

  

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 Glass House Technologies, Inc. 
 Amended and Restated 
 2001 Stock Option and Grant Plan 
 SECTION 1. ESTABLISHMENT AND PURPOSE. 
 This Plan amends and restated in its entirety the Glass House Technologies, Inc. 2001 Stock Option and Grant Plan, as amended and restated to
date. The purpose of the Plan is to offer selected persons an opportunity to acquire a proprietary interest in the success of the Company, or to increase such interest, by purchasing Shares of the Company’s Stock. The Plan provides both for the
direct award or sale of Shares and for the grant of Options to purchase Shares. Options granted under the Plan may include Nonstatutory Options as well as ISOs intended to qualify under Section 422 of the Code. 
 Capitalized terms are defined in Section 12. 
 SECTION 2. ADMINISTRATION. 
 (a) Committees of the Board of
Directors. The Plan may be administered by one or more Committees. Each Committee shall consist of one or more members of the Board of Directors who have been appointed by the Board of Directors. Each Committee shall have such authority and be
responsible for such functions as the Board of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall be construed as a
reference to the Committee (if any) to whom the Board of Directors has assigned a particular function. 
 (b) Authority of
the Board of Directors. Subject to the provisions of the Plan, the Board of Directors shall have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. All decisions, interpretations
and other actions of the Board of Directors shall be final and binding on all Purchasers, all Optionees and all persons deriving their rights from a Purchaser or Optionee. 
 SECTION 3. ELIGIBILITY. 
 (a) General Rule. Only Employees, Outside
Directors and Consultants shall be eligible for the grant of Nonstatutory Options or the direct award or sale of Shares. Only Employees shall be eligible for the grant of ISOs. 
 (b) Ten-Percent Stockholders. A person who owns more than 10% of the total combined voting power of all classes of outstanding stock
of the Company, its Parent or any of its Subsidiaries shall not be eligible for designation as an Optionee or Purchaser unless (i) the Exercise Price is at least 110% of the Fair Market Value of a Share on the date of grant, (ii) the
Purchase Price (if any) is at least 100% of the Fair Market Value of a Share and (iii) in the case of an ISO, such ISO by its terms is not exercisable after the expiration of five years from the date of grant. For purposes of this
Subsection (b), in determining stock ownership, the attribution rules of Section 424(d) of the Code shall be applied. 

 SECTION 4. STOCK SUBJECT TO PLAN. 
 (a) Basic Limitation. Not more than 16,626,922 Shares may be issued under the Plan (subject to Subsection (b) below and
Section 8). The number of Shares that are subject to Options or other rights outstanding at any time under the Plan shall not exceed the number of Shares that then remain available for issuance under the Plan. The Company, during the term of
the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares. 
 (b) Additional Shares. In the event that Shares previously issued under the Plan are reacquired by the Company, such Shares shall be
added to the number of Shares then available for issuance under the Plan. In the event that an outstanding Option or other right for any reason expires or is canceled, the Shares allocable to the unexercised portion of such Option or other right
shall be added to the number of Shares then available for issuance under the Plan. 
 SECTION 5. TERMS AND CONDITIONS OF AWARDS OR SALES.

 (a) Stock Purchase Agreement. Each award or sale of Shares under the Plan (other than upon exercise of an Option)
shall be evidenced by a Stock Purchase Agreement between the Purchaser and the Company. Such award or sale shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not
inconsistent with the Plan and which the Board of Directors deems appropriate for inclusion in a Stock Purchase Agreement. The provisions of the various Stock Purchase Agreements entered into under the Plan need not be identical. 
 (b) Duration of Offers and Nontransferability of Rights. Any right to acquire Shares under the Plan (other than an Option) shall
automatically expire if not exercised by the Purchaser within 30 days after the grant of such right was communicated to the Purchaser by the Company. Such right shall not be transferable and shall be exercisable only by the Purchaser to whom such
right was granted. 
 (c) Purchase Price. The Purchase Price of Shares to be offered under the Plan shall not be less
than 85% of the Fair Market Value of such Shares, and a higher percentage may be required by Section 3(b). Subject to the preceding sentence, the Board of Directors shall determine the Purchase Price at its sole discretion. The Purchase Price
shall be payable in a form described in Section 7. 
 (d) Withholding Taxes. As a condition to the purchase of
Shares, the Purchaser shall make such arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such purchase. 
 (e) Restrictions on Transfer of Shares and Minimum Vesting. Any Shares awarded or sold under the Plan shall be subject to such
special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set forth in the applicable Stock Purchase Agreement and shall apply in
addition to any restrictions that may apply to holders of Shares generally. In the case of a Purchaser who is not an officer of the Company, an Outside Director or a Consultant: 
 (i) Any right to repurchase the Purchaser’s Shares at the original Purchase Price (if any) upon termination of the
Purchaser’s Service shall lapse at least as rapidly as 20% per year over the five-year period commencing on the date of the award or sale of the Shares; 
  

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 (ii) Any such right may be exercised only for cash or for cancellation of
indebtedness incurred in purchasing the Shares; and 
 (iii) Any such right may be exercised only within 90 days
after the termination of the Purchaser’s Service. 
 SECTION 6. TERMS AND CONDITIONS OF OPTIONS. 
 (a) Stock Option Agreement. Each grant of an Option under the Plan shall be evidenced by a Stock Option Agreement between the Optionee
and the Company. The Option shall be subject to all applicable terms and conditions of the Plan and may be subject to any other terms and conditions which are not inconsistent with the Plan and which the Board of Directors deems appropriate for
inclusion in a Stock Option Agreement. The provisions of the various Stock Option Agreements entered into under the Plan need not be identical. 
 (b) Number of Shares. Each Stock Option Agreement shall specify the number of Shares that are subject to the Option and shall provide for the adjustment of such number in accordance with
Section 8. The Stock Option Agreement shall also specify whether the Option is an ISO or a Nonstatutory Option. 
 (c)
Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price of an ISO shall not be less than 100% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by
Section 3(b). The Exercise Price of a Nonstatutory Option shall not be less than 85% of the Fair Market Value of a Share on the date of grant, and a higher percentage may be required by Section 3(b). Subject to the preceding two sentences,
the Exercise Price under any Option shall be determined by the Board of Directors at its sole discretion. The Exercise Price shall be payable in a form described in Section 7. 
 (d) Exercisability. Each Stock Option Agreement shall specify the date when all or any installment of the Option is to become
exercisable. No Option shall be exercisable unless the Optionee has delivered an executed copy of the Stock Option Agreement to the Company. In the case of an Optionee who is not an officer of the Company, an Outside Director or a Consultant, an
Option shall become exercisable at least as rapidly as 20% per year over the five-year period commencing on the date of grant. Subject to the preceding sentence, the Board of Directors shall determine the exercisability provisions of the Stock
Option Agreement at its sole discretion. All of an Optionee’s Options shall become exercisable in full if Section 8(b)(iv) applies. 
 (e) Basic Term. The Stock Option Agreement shall specify the term of the Option. The term shall not exceed 10 years from the date of grant, and a shorter term may be required by Section 3(b).
Subject to the preceding sentence, the Board of Directors at its sole discretion shall determine when an Option is to expire. 
 (f) Termination of Service (Except by Death). If an Optionee’s Service terminates for any reason other than the Optionee’s death, then the Optionee’s Options shall expire on the earliest of the following occasions:

 (i) The expiration date determined pursuant to Subsection (e) above; 
 (ii) The date three months after the termination of the Optionee’s Service for any reason other than Disability, or such
later date as the Board of Directors may determine; or 
  

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 (iii) The date twelve months after the termination of the Optionee’s
Service by reason of Disability, or such later date as the Board of Directors may determine. 
 The Optionee may exercise all or part of the
Optionee’s Options at any time before the expiration of such Options under the preceding sentence, but only to the extent that such Options had become exercisable before the Optionee’s Service terminated (or became exercisable as a result
of the termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). The balance of such Options shall lapse when the Optionee’s Service terminates. In the event that
the Optionee dies after the termination of the Optionee’s Service but before the expiration of the Optionee’s Options, all or part of such Options may be exercised (prior to expiration) by the executors or administrators of the
Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had become exercisable before the Optionee’s Service
terminated (or became exercisable as a result of the termination) and the underlying Shares had vested before the Optionee’s Service terminated (or vested as a result of the termination). 
 (g) Leaves of Absence. For purposes of Subsection (f) above, Service shall be deemed to continue while the Optionee is on a bona
fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this purpose is expressly required by the terms of such leave or by applicable law (as determined by the Company). 
 (h) Death of Optionee. If an Optionee dies while the Optionee is in Service, then the Optionee’s Options shall expire on the
earlier of the following dates: 
 (i) The expiration date determined pursuant to Subsection (e) above; or

 (ii) The date twelve months after the Optionee’s death, or such later date as the Board of Directors may
determine. 
 All or part of the Optionee’s Options may be exercised at any time before the expiration of such Options under the preceding
sentence by the executors or administrators of the Optionee’s estate or by any person who has acquired such Options directly from the Optionee by beneficiary designation, bequest or inheritance, but only to the extent that such Options had
become exercisable before the Optionee’s death (or became exercisable as a result of the death) and the underlying Shares had vested before the Optionee’s death (or vested as a result of the Optionee’s death). The balance of such
Options shall lapse when the Optionee dies. 
 (i) Restrictions on Transfer of Shares and Minimum Vesting. Any Shares
issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other transfer restrictions as the Board of Directors may determine. Such restrictions shall be set forth in
the applicable Stock Option Agreement and shall apply in addition to any restrictions that may apply to holders of Shares generally. In the case of an Optionee who is not an officer of the Company, an Outside Director or a Consultant: 
 (i) Any right to repurchase the Optionee’s Shares at the original Exercise Price upon termination of the Optionee’s
Service shall lapse at least as rapidly as 20% per year over the five-year period commencing on the date of the option grant; 
  

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 (ii) Any such right may be exercised only for cash or for cancellation of
indebtedness incurred in purchasing the Shares; and 
 (iii) Any such right may be exercised only within 90 days
after the later of (A) the termination of the Optionee’s Service or (B) the date of the option exercise. 
 (j)
Transferability of Options. An Option shall be transferable by the Optionee only by (i) a beneficiary designation, (ii) a will or (iii) the laws of descent and distribution, except as provided in the next sentence. If the
applicable Stock Option Agreement so provides, a Nonstatutory Option shall also be transferable by gift or domestic relations order to a Family Member of the Optionee. An ISO may be exercised during the lifetime of the Optionee only by the Optionee
or by the Optionee’s guardian or legal representative. 
 (k) Withholding Taxes. As a condition to the exercise of
an Option, the Optionee shall make such arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall
also make such arrangements as the Board of Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option.

 (l) No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a stockholder
with respect to any Shares covered by the Optionee’s Option until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms of such Option. 
 (m) Modification, Extension and Assumption of Options. Within the limitations of the Plan, the Board of Directors may modify, extend
or assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in return for the grant of new Options for the same or a different number of Shares and at the same or a different
Exercise Price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations under such Option. 
 SECTION 7. PAYMENT FOR SHARES. 
 (a) General Rule. The entire Purchase Price or Exercise Price of Shares issued under the Plan shall be payable in cash or cash equivalents at the time when such Shares are purchased, except as otherwise provided in this
Section 7. 
 (b) Surrender of Stock. At the discretion of the Board of Directors, all or any part of the Exercise
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 the Option is exercised. The Optionee shall not surrender, or attest to the ownership of, Shares in payment of the Exercise Price if such action would cause the Company to recognize compensation expense (or additional compensation expense) with
respect to the Option for financial reporting purposes. 
 (c) Services Rendered. At the discretion of the Board of
Directors, Shares may be awarded under the Plan in consideration of services rendered to the Company, a Parent or a Subsidiary prior to the award. 
  

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 (d) Promissory Note. At the discretion of the Board of Directors, all or a portion of
the Exercise Price or Purchase Price (as the case may be) of Shares issued under the Plan may be paid with a full-recourse promissory note. However, the par value of the Shares, if newly issued, shall be paid in cash or cash equivalents. The Shares
shall be pledged as security for payment of the principal amount of the promissory note and interest thereon. The interest rate payable under the terms of the promissory note shall not be less than the minimum rate (if any) required to avoid the
imputation of additional interest under the Code. Subject to the foregoing, the Board of Directors (at its sole discretion) shall specify the term, interest rate, amortization requirements (if any) and other provisions of such note. 
 (e) Exercise/Sale. To the extent that a Stock Option Agreement so provides, and if Stock is publicly traded, payment may be made all
or in part 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 in payment of all or part of
the Exercise Price and any withholding taxes. 
 (f) Exercise/Pledge. To the extent that a Stock Option Agreement so
provides, and if Stock is publicly traded, payment may be made all or in part 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 in payment of all or part of the Exercise Price and any withholding taxes. 
 SECTION 8. ADJUSTMENT OF SHARES. 
 (a) General. In the event of a subdivision of the outstanding Stock, a
declaration of a dividend payable in Shares (other than a dividend payable to less than all of the holders of any series or class of stock of the Company) or a combination or consolidation of the outstanding Stock into a lesser number of Shares,
corresponding adjustments shall automatically be made in each of (i) the number of Shares available for future grants under Section 4, (ii) the number of Shares covered by each outstanding Option and (iii) the Exercise Price
under each outstanding Option. In the event of a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Stock, a recapitalization, a spin-off, a
reclassification or a similar occurrence, the Board of Directors at its sole discretion may make appropriate adjustments in one or more of (i) the number of Shares available for future grants under Section 4, (ii) the number of Shares
covered by each outstanding Option or (iii) the Exercise Price under each outstanding Option. 
 (b) Mergers and
Consolidations. In the event that the Company is a party to a merger or consolidation, all outstanding Options shall be subject to the agreement of merger or consolidation. Such agreement shall provide for one or more of the following:

 (i) The continuation of such outstanding Options by the Company (if the Company is the surviving corporation).

 (ii) The assumption of such outstanding Options by the surviving corporation or its parent in a manner that
complies with Section 424(a) of the Code (whether or not such Options are ISOs). 
 (iii) The substitution
by the surviving corporation or its parent of new options for such outstanding Options in a manner that complies with Section 424(a) of the Code (whether or not such Options are ISOs). 
  

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 (iv) Full exercisability of such outstanding Options and full vesting of the
Shares subject to such Options, followed by the cancellation of such Options. The full exercisability of such Options and full vesting of the Shares subject to such Options may be contingent on the closing of such merger or consolidation. The
Optionees shall be able to exercise such Options during a period of not less than five full business days preceding the closing date of such merger or consolidation, unless the Board of Directors determines in good faith that (A) a shorter
period is required to permit a timely closing of such merger or consolidation and (B) such shorter period still offers the Optionees a reasonable opportunity to exercise such Options. Any exercise of such Options during such period may be
contingent on the closing of such merger or consolidation. 
 (v) The cancellation of such outstanding Options
and a payment to the Optionees equal to the excess of (A) the Fair Market Value of the Shares subject to such Options (whether or not such Options are then exercisable or such Shares are then vested) as of the closing date of such merger or
consolidation over (B) their Exercise Price. Such payment shall be made in the form of cash, cash equivalents, or securities of the surviving corporation or its parent with a Fair Market Value equal to the required amount. Such payment may be
made in installments and may be deferred until the date or dates when such Options would have become exercisable or such Shares would have vested. Such payment may be subject to vesting based on the Optionee’s continuing Service, provided that
the vesting schedule shall not be less favorable to the Optionees than the schedule under which such Options would have become exercisable or such Shares would have vested. If the Exercise Price of the Shares subject to such Options exceeds the Fair
Market Value of such Shares, then such Options may be cancelled without making a payment to the Optionees. For purposes of this Paragraph (v), the Fair Market Value of any security shall be determined without regard to any vesting conditions that
may apply to such security. 
 (c) Reservation of Rights. Except as provided in this Section 8, an Optionee or
Purchaser shall have no rights by reason of (i) any subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of stock of any class.
Any issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares
subject to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or
consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 SECTION 9. SECURITIES LAW REQUIREMENTS.

 (a) General. Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with
(or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock
exchange or other securities market on which the Company’s securities may then be traded. 
 (b) Financial Reports.
The Company each year shall furnish to Optionees, Purchasers and stockholders who have received Stock under the Plan its balance sheet and income statement, unless such Optionees, Purchasers or stockholders are key Employees whose duties with the
Company assure them access to equivalent information. Such balance sheet and income statement need not be audited. 
  

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 SECTION 10. NO RETENTION RIGHTS. 
 Nothing in the Plan or in any right or Option granted under the Plan shall confer upon the Purchaser or 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 Purchaser or Optionee) or of the Purchaser or 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. 
 SECTION 11.
DURATION AND AMENDMENTS. 
 (a) Term of the Plan. The Plan, as set forth herein, shall become effective on the date of
its adoption by the Board of Directors, subject to the approval of the Company’s stockholders. If the stockholders fail to approve the Plan within 12 months after its adoption by the Board of Directors, then any grants, exercises or sales that
have already occurred under the Plan shall be rescinded and no additional grants, exercises or sales shall thereafter be made under the Plan. The Plan shall terminate automatically 10 years after the later of (i) its initial adoption by the
Board of Directors or (ii) the most recent increase in the number of Shares reserved under Section 4 that was approved by the Company’s stockholders. The Plan may be terminated on any earlier date pursuant to Subsection (b)
below. 
 (b) Right to Amend or Terminate the Plan. The Board of Directors may amend, suspend or terminate the Plan at
any time and for any reason; provided, however, that any amendment of the Plan shall be subject to the approval of the Company’s stockholders if it (i) increases the number of Shares available for issuance under the Plan (except as
provided in Section 8) or (ii) materially changes the class of persons who are eligible for the grant of ISOs. Stockholder approval shall not be required for any other amendment of the Plan. If the stockholders fail to approve an increase
in the number of Shares reserved under Section 4 within 12 months after its adoption by the Board of Directors, then any grants, exercises or sales that have already occurred in reliance on such increase shall be rescinded and no additional
grants, exercises or sales shall thereafter be made in reliance on such increase. 
 (c) Effect of Amendment or
Termination. No Shares shall be issued or sold under the Plan after the termination thereof, except upon exercise of an Option granted prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share
previously issued or any Option previously granted under the Plan. 
 SECTION 12. DEFINITIONS. 
 (a) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to time. 
 (b) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (c) “Committee” shall mean a committee of the Board of Directors, as described in Section 2(a). 
 (d) “Company” shall mean Glass House Technologies, Inc., a Delaware corporation. 
 (e) “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. 
  

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 (f) “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. 
 (g)
“Employee” shall mean any individual who is a common-law employee of the Company, a Parent or a Subsidiary. 
 (h) “Exercise Price” shall mean the amount for which one Share may be purchased upon exercise of an Option, as specified by the Board of Directors in the applicable Stock Option Agreement. 
 (i) “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. 
 (j) “Family Member” shall mean
(i) any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, including adoptive relationships,
(ii) any person sharing the Optionee’s household (other than a tenant or employee), (iii) a trust in which persons described in Clause (i) or (ii) have more than 50% of the beneficial interest, (iv) a foundation in
which persons described in Clause (i) or (ii) or the Optionee control the management of assets and (v) any other entity in which persons described in Clause (i) or (ii) or the Optionee own more than 50% of the voting
interests. 
 (k) “ISO” shall mean an employee incentive stock option described in Section 422(b) of the
Code. 
 (l) “Nonstatutory Option” shall mean a stock option not described in Sections 422(b) or 423(b) of
the Code. 
 (m) “Option” shall mean an ISO or Nonstatutory Option granted under the Plan and entitling the
holder to purchase Shares. 
 (n) “Optionee” shall mean a person who holds an Option. 
 (o) “Outside Director” shall mean a member of the Board of Directors who is not an Employee. 
 (p) “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. A corporation that attains the status of a
Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 
 (q)
“Plan” shall mean this Glass House Technologies, Inc. Amended and Restated 2001 Stock Option and Grant Plan. 
 (r) “Purchase Price” shall mean the consideration for which one Share may be acquired under the Plan (other than upon exercise of an Option), as specified by the Board of Directors. 
 (s) “Purchaser” shall mean a person to whom the Board of Directors has offered the right to acquire Shares under the Plan
(other than upon exercise of an Option). 
  

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 (t) “Service” shall mean service as an Employee, Outside Director or
Consultant. 
 (u) “Share” shall mean one share of Stock, as adjusted in accordance with Section 8 (if
applicable). 
 (v) “Stock” shall mean the Common Stock of the Company, with a par value of $0.001 per Share.

 (w) “Stock Option Agreement” shall mean the agreement between the Company and an Optionee that contains the
terms, conditions and restrictions pertaining to the Optionee’s Option. 
 (x) “Stock Purchase Agreement”
shall mean the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares. 
 (y) “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. A corporation
that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 
  

 102004 Series 1 Stock Plan

 Exhibit 10.12 
 GLASSHOUSE TECHNOLOGIES, INC. 
 SERIES 1 STOCK PLAN

 Adopted by the Board of Directors on June 7, 2004 
 Approved by the Stockholders on June 9, 2004 

 TABLE OF CONTENTS 
  

			
	 	  	Page No.
	 SECTION 1. ESTABLISHMENT AND PURPOSE
	  	1
		
	 SECTION 2. ADMINISTRATION
	  	1
		
	         (a)    Committees of the Board of Directors
	  	1
	         (b)    Authority of the Board of Directors
	  	1
		
	 SECTION 3. ELIGIBILITY
	  	1
		
	 SECTION 4. STOCK SUBJECT TO PLAN
	  	1
		
	 SECTION 5. TERMS AND CONDITIONS OF OPTION
	  	1
		
	         (a)    Stock Option Agreement
	  	1
	         (b)    Number of Shares
	  	2
	         (c)    Exercise Price
	  	2
	         (d)    Exercisability
	  	2
	         (f)    Term
	  	2
	         (g)    Restrictions on Transfer of Shares
	  	2
	         (h)    Transferability of Options
	  	2
	         (i)    Withholding Taxes
	  	2
	         (j)    No Rights as a Stockholder
	  	2
	         (k)    Modification, Extension and Assumption of
Options
	  	2
		
	 SECTION 6. PAYMENT FOR SHARES
	  	2
		
	 SECTION 7. ADJUSTMENT OF SHARES
	  	3
		
	         (a)    General
	  	3
	         (c)    Reservation of Rights
	  	3
		
	 SECTION 8. SECURITIES LAWS REQUIREMENTS
	  	3
		
	 SECTION 9. NO RETENTION RIGHTS
	  	3
		
	 SECTION 10. DURATION AND AMENDMENTS
	  	3
		
	         (a)    Term of the Plan
	  	3
	         (b)    Right to Amend or Terminate the Plan
	  	3
	         (c)    Effect of Amendment or Termination
	  	4
		
	 SECTION 11. DEFINITIONS
	  	4

  

 i 

 GLASSHOUSE TECHNOLOGIES, INC. 
 SERIES 1 STOCK PLAN 
 SECTION 1. ESTABLISHMENT AND PURPOSE. 

 The purpose of the Plan is to offer Former Source Optionees an opportunity to acquire a proprietary interest in the success of
the Company by purchasing Shares of the Company’s Stock. The Plan provides for the grant of Options to purchase Shares. Options granted under the Plan may include Nonstatutory Options as well as ISOs intended to qualify under Section 422
of the Code. 
 Capitalized terms are defined in Section 11. 
 SECTION 2. ADMINISTRATION. 
 (a) Committees of the Board of
Directors. The Plan may be administered by one or more Committees. Each Committee shall consist of one or more members of the Board of Directors who have been appointed by the Board of Directors. Each Committee shall have such authority and be
responsible for such functions as the Board of Directors has assigned to it. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board of Directors in the Plan shall be construed as a
reference to the Committee (if any) to whom the Board of Directors has assigned a particular function. 
 (b) Authority of
the Board of Directors. Subject to the provisions of the Plan, the Board of Directors shall have full authority and discretion to take any actions it deems necessary or advisable for the administration of the Plan. All decisions, interpretations
and other actions of the Board of Directors shall be final and binding on all Purchasers, all Optionees and all persons deriving their rights from an Optionee. 
 SECTION 3. ELIGIBILITY. 
 Only Former Source Optionees shall be eligible for
the grant of Options under the Plan. 
 SECTION 4. STOCK SUBJECT TO PLAN. 
 Not more than 325,000 Shares may be issued under the Plan (subject to Section 7). The number of Shares that are subject to Options or
other rights outstanding at any time under the Plan shall not exceed the number of Shares that then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient
Shares to satisfy the requirements of the Plan. Shares offered under the Plan may be authorized but unissued Shares or treasury Shares. 
 SECTION 5. TERMS AND CONDITIONS OF OPTIONS. 
 (a) Stock Option Agreement. Each grant of an Option under
the Plan shall be evidenced by a Stock Option Agreement between the Optionee and the Company. Such Option shall be subject to all applicable terms and conditions of the Plan. The provisions of the various Stock Option Agreements entered into under
the Plan need not be identical. 
  

 1 

 (b) Number of Shares. Each Stock Option Agreement shall specify the number of Shares
that are subject to the Option and shall provide for the adjustment of such number in accordance with Section 7. 
 (c)
Exercise Price. Each Stock Option Agreement shall specify the Exercise Price. The Exercise Price shall be as set forth in the Stock Option Agreement, as determined in accordance with the Source Purchase Agreement. The Exercise Price shall be
payable in a form described in Section 6. 
 (d) Exercisability. Each Stock Option Agreement shall specify the date
when all or any installment of the Option is to become exercisable. No Option shall be exercisable unless the Optionee has delivered an executed copy of the Stock Option Agreement to the Company. 
 (e) Term. The Stock Option Agreement shall specify the term of the Option. The term shall not exceed 10 years from the date of grant.
A Stock Option Agreement shall provide for expiration prior to the end of its term in the event of the termination of the Optionee’s Service or death. 
 (f) Restrictions on Transfer of Shares. Any Shares issued upon exercise of an Option shall be subject to such special forfeiture conditions, rights of repurchase, rights of first refusal and other
transfer restrictions as set forth in the Stock Option Agreement. 
 (g) Transferability of Options. An Option shall be
transferable by the Optionee only by (i) a beneficiary designation, (ii) a will, (iii) the laws of descent and distribution, or (iv) a gift to a member of the Optionee’s Immediate Family. 
 (h) Withholding Taxes. As a condition to the exercise of an Option, the Optionee shall make such arrangements as the Board of
Directors may require for the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with such exercise. The Optionee shall also make such arrangements as the Board of Directors may require for
the satisfaction of any federal, state, local or foreign withholding tax obligations that may arise in connection with the disposition of Shares acquired by exercising an Option. 
 (i) No Rights as a Stockholder. An Optionee, or a transferee of an Optionee, shall have no rights as a stockholder with respect to
any Shares covered by the Optionee’s Option until such person becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms of such Option. 
 (j) Modification, Extension and Assumption of Options. Within the limitations of the Plan, the Board of Directors may modify, extend
or assume outstanding Options or may accept the cancellation of outstanding Options (whether granted by the Company or another issuer) in return for the grant of new Options for the same or a different number of Shares and at the same or a different
Exercise Price. The foregoing notwithstanding, no modification of an Option shall, without the consent of the Optionee, impair the Optionee’s rights or increase the Optionee’s obligations under such Option. 
 SECTION 6. PAYMENT FOR SHARES. 
 The entire Exercise Price of Shares issued under the Plan shall be payable in cash or cash equivalents at the time when such Shares are purchased. 
  

 2 

 SECTION 7. ADJUSTMENT OF SHARES. 
 (a) General. In the event of a subdivision of the outstanding Stock, a declaration of a dividend payable in Shares, a declaration of
an extraordinary dividend payable in a form other than Shares, a combination or consolidation of the outstanding Stock into a lesser number of Shares, a recapitalization, a spin-off, a reclassification or a similar occurrence, the Board of Directors
shall make appropriate adjustments in one or more of (i) the number of Shares available for future grants under Section 4, (ii) the number of Shares covered by each outstanding Option or (iii) the Exercise Price under each
outstanding Option. 
 (b) Reservation of Rights. Except as provided in this Section 7, an Optionee or Purchaser
shall have no rights by reason of (i) any subdivision or consolidation of shares of stock of any class, (ii) the payment of any dividend or (iii) any other increase or decrease in the number of shares of stock of any class. Any
issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or Exercise Price of Shares subject
to an Option. The grant of an Option pursuant to the Plan shall not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganizations or changes of its capital or business structure, to merge or consolidate
or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 
 SECTION 8. SECURITIES LAW REQUIREMENTS.

 Shares shall not be issued under the Plan unless the issuance and delivery of such Shares comply with (or are exempt from)
all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be traded. 
 SECTION 9. NO RETENTION RIGHTS. 
 Nothing in the Plan or in any right or Option granted under 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 Purchaser or 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. 
 SECTION 10. DURATION AND AMENDMENTS. 

 (a) Term of the Plan. The Plan, as set forth herein, shall become effective on the date of its adoption by the Board of
Directors. The Plan shall terminate automatically 10 years after the later of (i) its adoption by the Board of Directors or (ii) the most recent increase in the number of Shares reserved under Section 4 that was approved by the
Company’s stockholders. The Plan may be terminated on any earlier date pursuant to Subsection (b) below. 
 (b)
Right to Amend or Terminate the Plan. The Board of Directors may amend, suspend or terminate the Plan at any time and for any reason; provided, however, that any amendment of the Plan shall be subject to the approval of the Company’s
stockholders if it increases the number of Shares available for issuance under the Plan (except as provided in Section 7). Stockholder approval shall not be required for any other amendment of the Plan. 
  

 3 

 (c) Effect of Amendment or Termination. No Shares shall be issued under the Plan
after the termination thereof, except upon exercise of an Option granted prior to such termination. The termination of the Plan, or any amendment thereof, shall not affect any Share previously issued or any Option previously granted under the Plan.

 SECTION 11. DEFINITIONS. 
 (a) “Board of Directors” shall mean the Board of Directors of the Company, as constituted from time to time. 
 (b) “Code” shall mean the Internal Revenue Code of 1986, as amended. 
 (c) “Committee” shall mean a committee of the Board of Directors, as described in Section 2(a). 
 (d) “Company” shall mean GlassHouse Technologies, Inc., a Delaware corporation. 
 (e)
“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. 
 (f) “Employee” shall mean any individual who is an employee of the Company, a Parent or a Subsidiary. 
 (g) “Exercise Price” shall mean the amount for which one Share may be purchased upon exercise of an Option, as specified in
the applicable Stock Option Agreement. 
 (h) “Former Source Optionees” shall mean those persons who previously
held options to purchase ordinary shares of Source Enterprise Consulting Limited, as set forth in Schedule IV to the Source Purchase Agreement. 
 (i) “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. 
 (j) “ISO” shall mean an employee
incentive stock option described in Section 422(b) of the Code. 
 (k) “Nonstatutory Option” shall mean a
stock option not described in Sections 422(b) or 423(b) of the Code. 
 (l) “Option” shall mean an option
granted under the Plan and entitling the holder to purchase Shares. 
 (m) “Optionee” shall mean a person who
holds an Option. 
 (n) “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. A corporation that
attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date. 
  

 4 

 (o) “Plan” shall mean this GlassHouse Technologies, Inc. Series 1 Stock
Plan. 
 (p) “Service” shall mean service as an Employee or Consultant. 
 (q) “Share” shall mean one share of Stock, as adjusted in accordance with Section 7 (if applicable). 
 (r) “Source Purchase Agreement” shall mean that certain Share Purchase Agreement by and between the Company and Source
Enterprise Consulting Limited dated as of June 10, 2004. 
 (s) “Stock” shall mean the Series 1
Convertible Preferred Stock of the Company, with a par value of $0.001 per Share. 
 (t) “Stock Option
Agreement” shall mean the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option. 
 (u) “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. A corporation
that attains the status of a Subsidiary on a date after the adoption of the Plan shall be considered a Subsidiary commencing as of such date. 
  

 5

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