Document:

2007 Section 102 Share Option Plan

 Exhibit 10.13 
 Glass House Technologies, Inc. 
 2007
Section 102 Share Option Plan 
 Originally Adopted on March 23, 2007 

 2007 Share Option Plan 
  
  

 Table of Contents 
  

					
	1.	 	Purpose of the ESOP	  	3
			
	2.	 	Definitions	  	3
			
	3.	 	Administration of the ESOP	  	5
			
	4.	 	Designation of Participants	  	5
			
	5.	 	Designation of Options Pursuant to Section 102	  	6
			
	6.	 	Trustee	  	7
			
	7.	 	Shares Reserved for the ESOP	  	7
			
	8.	 	Purchase Price	  	8
			
	9.	 	Adjustments	  	8
			
	10.	 	Term and Exercise of Options	  	10
			
	11.	 	Vesting of Options	  	10
			
	12.	 	Shares Subject to Right of First Refusal	  	11
			
	13.	 	Dividends	  	11
			
	14.	 	Restrictions on Assignability and Sale of Options	  	11
			
	15.	 	Effective Date and Duration of the ESOP	  	12
			
	16.	 	Amendments or Termination	  	12
			
	17.	 	Government Regulations	  	12
			
	18.	 	Continuance of Employment	  	12
			
	19.	 	Governing Law & Jurisdiction	  	13
			
	20.	 	Tax Consequences	  	13
			
	21.	 	Non-Exclusivity of the ESOP	  	13
			
	22.	 	Multiple Agreements	  	13

  

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 2007 Share Option Plan 
  
  

 Glass House Technologies, Inc. 
 2007 Section 102 Share Option Plan 
 This plan, as may be amended from time to time, shall be known as the GlassHouse 2007 Section 102 Share Option Plan. 
  

	1.	Purpose of the ESOP 

 The ESOP is intended to offer selected persons providing Service to the Company or an Affiliate in Israel which the Board shall decide their services are considered valuable to the Company, 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, to encourage the sense of proprietorship of such persons, and to stimulate the active interest of such persons in the development and
financial success of the Company by providing them with opportunities to purchase shares in the Company, pursuant to the ESOP. 
  

	2.	Definitions 

 For
purposes of the ESOP and related documents, including the Option Agreement, the following definitions shall apply: 
  

	2.1	“Affiliate” means any “employing company” within the meaning of Section 102(a) of the Ordinance. 

  

	2.2	“Approved 102 Option” means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the
Optionee. 

  

	2.3	“Board” means the Board of Directors of the Company. 

  

	2.4	“Capital Gain Option” or “CGO” as defined in Section 5.4 below. 

  

	2.5	“Chairman” means the chairman of the Committee. 

  

	2.6	“Committee” means a share option compensation committee appointed by the Board, which shall consist of one or more members of the Board.

  

	2.7	“Company” means Glass House Technologies, Inc., a US resident company. 

  

	2.8	“Companies Law” means the Israeli Companies Law 5759-1999. 

  

	2.9	“Controlling Shareholder” shall have the meaning ascribed to it in Section 32(9) of the Ordinance. 

  

	2.10	“Date of Grant” means, the date of grant of an Option, as determined by the Board and set forth in the Optionee’s Option Agreement.

  

	2.11	“Disability” means that the Optionee is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment. 

  

	2.12	“Employee” means a person who is employed by the Company or its Affiliates, including an individual who is serving as a director or an office holder,
but excluding Controlling Shareholder. 

  

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 2007 Share Option Plan 
  
  

	2.13	“ESOP” means this GlassHouse 2007 Section 102 Share Option Plan. 

  

	2.14	“Expiration date” means the date upon which an Option shall expire, as set forth in Section 10.2 of the ESOP. 

  

	2.15	“Fair Market Value” means the fair market value of a Share, as determined by the Board in good faith. Such determination shall be conclusive and
binding on all persons. 

  

	2.16	“IPO” means the initial public offering of the Company’s shares. 

  

	2.17	“ITA” means the Israeli Tax Authorities. 

  

	2.18	“Non-Employee” means a consultant, adviser, service provider, Controlling Shareholder or any other person who is not an Employee.

  

	2.19	“Ordinary Income Option” or “OIO” as defined in Section 5.5 below. 

  

	2.20	“Option” means an option to purchase one or more Shares of the Company pursuant to the ESOP. 

  

	2.21	“Option Agreement” means the share option agreement between the Company and an Optionee that sets out the terms and conditions of an Option.

  

	2.22	“Optionee” means a person who receives or holds an Option under the ESOP. 

  

	2.23	“Ordinance” means the Israeli Income Tax Ordinance [New Version] 1961 as now in effect or as hereafter amended. 

  

	2.24	“Outside Director” means a member of the Board who is not an employee of the Company or an affiliate. 

  

	2.25	“Purchase Price” means the price for each Share subject to an Option. 

  

	2.26	“Section 102” means section 102 of the Ordinance as now in effect or as hereafter amended. 

  

	2.27	“Service” means service as an Employee, Outside Director or a Non-Employee in the Company or an Affiliate. 

  

	2.28	“Share” means the Common Stock of the Company, with par value of $0.001 per Share. 

  

	2.29	“Trustee” means any individual or entity appointed by the Company to serve as a trustee and approved by the ITA, all in accordance with the provisions
of Section 102(a) of the Ordinance. 

  

	2.30	“Unapproved 102 Option” means an Option granted pursuant to Section 102(c) of the Ordinance and not held in trust by a Trustee.

  

	2.31	“Vested Option” means any Option, which has already been vested according to the Vesting Dates under this Plan or the applicable Option Agreement.

  

	2.32	“Vesting Dates” means, as determined by the Board or by the Committee, the date as of which the Optionee shall be entitled to exercise the Options or
part of the Options, as set forth in section 11 of the ESOP and the Option Agreement. 

  

	2.33	“102 Option” means any Option granted to Employees pursuant to Section 102 of the Ordinance. 

  

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 2007 Share Option Plan 
  
  

	2.34	“3(i) Option” means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee. 

  

	3.	Administration of the ESOP 

  

	3.1	The Board shall have the power to administer the Plan. To the extent permitted under applicable law, the Board may delegate its powers under the Plan, or any part
thereof, to the Committee, in which case, any reference to the Board in the Plan with respect to the rights so delegated shall be construed as reference to the Committee, and until such delegation any such reference to the Committee shall be
construed as reference to the Board. Notwithstanding the foregoing, the Board shall automatically have residual authority (i) if no Committee shall be constituted, (ii) with respect to rights not delegated by the Board to the Committee, or
(iii) if such Committee shall cease to operate for any reason whatsoever. 

  

	3.2	The Board shall have full power and authority: (i) to designate Optionees; (ii) to determine the terms and provisions of respective Option Agreements (which
need not be identical) including, but not limited to, the number of Shares to be covered by each Option, provisions concerning the time or times when and the extent to which the Options may be exercised and the nature and duration of restrictions as
to transferability or restrictions constituting substantial risk of forfeiture; (iii) to accelerate the right of an Optionee to exercise, in whole or in part, any previously granted Option; (iv) to interpret the provisions and supervise
the administration of the Plan; (v) to designate the type of Options to be granted to an Optionee; (vi) alter any restrictions and conditions of any Options or Shares subject to any Options; (vii) determine the Purchase Price of the
Option; (viii) prescribe, amend and rescind rules and regulations relating to the ESOP; and (ix) make all other determinations deemed necessary or advisable for the administration of the ESOP, including, without limitation, to adjust the
terms of the ESOP or any Option Agreement so as to reflect (a) changes in applicable laws and (b) the laws of other jurisdictions within which the Company wishes to grant Options. 

  

	3.3	The Board shall have the authority, subject to the relevant tax arrangements and the consent of the Optionee, to grant, at its discretion, to the holder of an
outstanding Option, in exchange for the surrender and cancellation of such Option, a new Option having a purchase price equal to, lower than or higher than the Purchase Price of the original Option so surrendered and canceled and containing such
other terms and conditions as the Board may prescribe in accordance with the provisions of the ESOP. 

  

	3.4	The interpretation and construction by the Board or the Committee of any provision of the ESOP or of any Option Agreement thereunder shall be final and conclusive
unless otherwise determined by the Board. 

  

	4.	Designation of Participants 

  

	4.1	The persons eligible for participation in the ESOP as Optionees shall include any person providing Service; as long as that (i) Israeli Employees may only be
granted 102 Options; and, (ii) Non-Employees may only be granted 3(i) Options. 

  

	4.2	The grant of an Option hereunder shall neither entitle the Optionee to participate nor disqualify the Optionee from participating in, any other grant of Options
pursuant to the ESOP or any other option or share plan of the Company or any of its Affiliates. 

  

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 2007 Share Option Plan 
  
  

	4.3	Anything in the ESOP to the contrary notwithstanding, all grants of Options to directors and office holders shall be authorized and implemented in accordance with the
provisions of the Companies Law or any successor act or regulation, as in effect from time to time. 

  

	5.	Designation of Options Pursuant to Section 102 

  

	5.1	The Company may designate Options granted to Employees pursuant to Section 102 as Unapproved 102 Options or Approved 102 Options. 

  

	5.2	The grant of Approved 102 Options shall be made under this ESOP adopted by the Board, and shall be conditioned upon the approval of this ESOP by the ITA.

  

	5.3	Approved 102 Option may either be classified as Capital Gain Option (“CGO”) or Ordinary Income Option (“OIO”).

  

	5.4	Approved 102 Option elected and designated by the Company to qualify under the capital gain tax treatment in accordance with the provisions of Section 102(b)(2)
shall be referred to herein as CGO. 

  

	5.5	Approved 102 Option elected and designated by the Company to qualify under the ordinary income tax treatment in accordance with the provisions of Section 102(b)(1)
shall be referred to herein as OIO. 

  

	5.6	The Company’s election of the type of Approved 102 Options as CGO or OIO granted to Employees (the “Election”), shall be appropriately filed with
the ITA before the Date of Grant of an Approved 102 Option. Such Election shall become effective beginning the first Date of Grant of an Approved 102 Option under this ESOP and shall remain in effect at least until the end of the year following the
year during which the Company first granted Approved 102 Options. The Election shall obligate the Company to grant only the type of Approved 102 Option it has elected, and shall apply to all Optionees who were granted Approved 102 Options
during the period indicated herein, all in accordance with the provisions of Section 102(g) of the Ordinance. For the avoidance of doubt, such Election shall not prevent the Company from granting Unapproved 102 Options simultaneously.

  

	5.7	All Approved 102 Options must be held in trust by a Trustee, as described in Section 6 below. 

  

	5.8	For the avoidance of doubt, the designation of Unapproved 102 Options and Approved 102 Options shall be subject to the terms and conditions set forth in
Section 102 of the Ordinance and the regulations promulgated thereunder. 

  

	5.9	With regards to Approved 102 Options, the provisions of the ESOP and/or the Option Agreement shall be subject to the provisions of Section 102 and the said
provisions shall be deemed an integral part of the ESOP and of the Option Agreement. Any provision of Section 102 which is necessary in order to receive and/or to keep any tax benefit pursuant to Section 102, which is not expressly
specified in the ESOP or the Option Agreement, shall be considered binding upon the Company and the Optionees. 

  

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 2007 Share Option Plan 
  
  

	6.	Trustee 

  

	6.1	Approved 102 Options which shall be granted under the ESOP and/or any Shares allocated or issued upon exercise of such Approved 102 Options and/or other shares received
subsequently following any realization of rights, including without limitation bonus shares, shall be allocated or issued to the Trustee and held for the benefit of the Optionees for such period of time as required by Section 102 or any
regulations, rules or orders or procedures promulgated thereunder (the “Holding Period”). In the case the requirements for Approved 102 Options are not met, then the Approved 102 Options may be treated as Unapproved 102 Options, all
in accordance with the provisions of Section 102 and regulations promulgated thereunder. 

  

	6.2	Notwithstanding anything to the contrary, the Trustee shall not release or sell any Shares allocated or issued upon exercise of Approved 102 Options prior to the full
payment of the Optionee’s tax liabilities arising from Approved 102 Options or assurance satisfactory to the Trustee that the tax will be paid. 

  

	6.3	With respect to any Approved 102 Option, subject to the provisions of Section 102 and any rules or regulation or orders or procedures promulgated thereunder, an
Optionee shall not sell or release from trust any Share received upon the exercise of an Approved 102 Option and/or any share received subsequently following any realization of rights, including without limitation, bonus shares, until the lapse of
the Holding Period required under Section 102 of the Ordinance. Notwithstanding the above, if any such sale or release occurs during the Holding Period, the sanctions under Section 102 of the Ordinance and under any rules or regulation or
orders or procedures promulgated thereunder shall apply to and shall be borne by such Optionee. 

  

	7.	Shares Reserved for the ESOP; Restriction Thereon 

  

	7.1	The Company has reserved 500,000 authorized but unissued Shares, for the purposes of the ESOP and for the purposes of any other share option plans which may be adopted
by the Company in the future, subject to adjustment as set forth in Section 9 below. Any Shares which remain unissued and which are not subject to the outstanding Options at the termination of the ESOP shall cease to be reserved for the purpose
of the ESOP, but until termination of the ESOP the Company shall at all times reserve sufficient number of Shares to meet the requirements of the ESOP. Should any Option for any reason expire or be canceled prior to its exercise or relinquishment in
full, the Shares subject to such Option may again be subjected to an Option under the ESOP or under the Company’s other share option plans. 

  

	7.2	Each Option granted pursuant to the ESOP, shall be evidenced by a written Option Agreement between the Company and the Optionee, in such form as the Board or the
Committee shall from time to time approve. Each Option Agreement shall state, among other matters, the number of Shares to which the Option relates, the type of Option granted thereunder (whether a CGO, OIO, Unapproved 102 Option or a 3(i) Option),
the Vesting Dates, the Purchase Price per share, the Expiration Date and such other terms and conditions as the Committee or the Board in its discretion may prescribe, provided that they are consistent with this ESOP. 

  

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 2007 Share Option Plan 
  
  

	7.3	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 Purchase Price pursuant to the terms of such Option. 

  

	8.	Purchase Price 

  

	8.1	The Purchase Price of each Share subject to an Option shall be determined by the Board in its sole and absolute discretion. Each Option Agreement will contain the
Purchase Price determined for each Optionee. 

  

	8.2	The Purchase Price shall be payable upon the exercise of the Option in a form satisfactory to the Board, including without limitation, by cash or check. The Board shall
have the authority to postpone the date of payment on such terms as it may determine. 

  

	8.3	The Purchase Price shall be denominated in the currency of the primary economic environment of, either the Company or the Optionee (that is the functional currency of
the Company or the currency in which the Optionee is paid) as determined by the Company. 

  

	9.	Adjustments 

  

	9.1	In the event of a subdivision of the outstanding Shares, 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 Shares 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 7, (ii) the number of Shares covered by each outstanding Option and (iii) the Purchase 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 Shares, a recapitalization, a spin-off, a reclassification or a similar occurrence, the Board at its sole discretion may make appropriate adjustments in one or more
of (i) the number of Shares available for future grants under Section 7, (ii) the number of Shares covered by each outstanding Option or (iii) the Purchase Price under each outstanding Option. 

  

	9.2	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 any applicable law. 

  

	 	(iii)	The substitution by the surviving corporation or its parent of new options for such outstanding Options in a manner that complies with any applicable law.

  

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 2007 Share Option Plan 
  
  

	 	(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 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 Purchase 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. If the Purchase 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. 

  

	9.3	Except as provided in this Section 9, an Optionee 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 any class. Any issuance by the Company of shares of any class, or securities convertible into shares of any class, shall not affect, and no
adjustment by reason thereof shall be made with respect to, the number or Purchase 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 

  

	9.4	The Optionee acknowledges that in the event that the Company’s shares shall be registered for trading in any public market, Optionee’s rights to sell the
Shares may be subject to certain limitations (including a lock-up period), as will be requested by the Company or its underwriters, and the Optionee unconditionally agrees and accepts any such limitations. 

  

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 2007 Share Option Plan 
  
  

	10.	Term and Exercise of Options 

  

	10.1	Options shall be exercised by the Optionee by giving written notice to the Company and/or to any third party designated by the Company (the
“Representative”), in such form and method as may be determined by the Company and when applicable, by the Trustee in accordance with the requirements of Section 102, which exercise shall be effective upon receipt of such
notice by the Company and/or the Representative and the payment of the Purchase Price at the Company’s or the Representative’s principal office. The notice shall specify the number of Shares with respect to which the Option is being
exercised. 

  

	10.2	Options, to the extent not previously exercised, shall terminate forthwith upon the earlier of: (i) the date set forth in the Option Agreement; and (ii) the
expiration of any extended period in any of the events set forth in section 10.4 below. 

  

	10.3	The Options may be exercised by the Optionee in whole at any time or in part from time to time, to the extent that the Options become vested and exercisable, prior to
the Expiration Date, and provided that, subject to the provisions of section 10.5 below, the Optionee is providing Service to the Company or any of its Affiliates, at all times during the period beginning with the granting of the Option and ending
upon the date of exercise. 

  

	10.4	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 Section 15.1 below; 

  

	 	(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 may determine; or

  

	 	(iii)	The date twelve months after the termination of the Optionee’s Service by reason of Disability, or such later date as the Board may determine.

  

	10.5	Any form of Option Agreement authorized by the ESOP may contain such other provisions as the Board or, if authorized, the Committee may, from time to time, deem
advisable. 

  

	10.6	With respect to Unapproved 102 Option, if the Optionee ceases to be employed by the Company or any Affiliate, the Optionee shall extend to the Company and/or its
Affiliate a security or guarantee for the payment of tax due at the time of sale of Shares, all in accordance with the provisions of Section 102 and the rules, regulation or orders promulgated there under. 

  

	11.	Vesting of Options 

  

	11.1	The Committee shall determine the terms and conditions for the vesting of the Options. The vesting provisions of individual Options may vary. 

 

	11.2	Subject to the provisions of the ESOP, each Option shall vest following the Vesting Dates and for the number of Shares as shall be determined by the Committee and
provided in the Option Agreement. However, no Option shall be exercisable after the Expiration Date. 

  

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 2007 Share Option Plan 
  
  

	12.	Shares Subject to Right of First Refusal 

 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 may
determine. Such restrictions shall be set forth in the applicable 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 or an
Outside Director: 
  

	12.1	Any right to repurchase the Optionee’s Shares at the original Purchase 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 Grant; 

  

	12.2	Any such right may be exercised only for cash or for cancellation of indebtedness incurred in purchasing the Shares; and, 

  

	12.3	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. 

  

	13.	Dividends 

 With
respect to all Shares (but excluding, for avoidance of any doubt, any unexercised Options) allocated or issued upon the exercise of Options purchased by the Optionee and held by the Optionee or by the Trustee, as the case may be, the Optionee shall
be entitled to receive dividends in accordance with the quantity of such Shares, subject to the provisions of the Company’s Articles of Association (and all amendments thereto) and subject to any applicable taxation on distribution of
dividends, and when applicable subject to the provisions of Section 102 and the rules, regulations or orders promulgated thereunder. 
  

	14.	Restrictions on Assignability and Sale of Options 

  

	14.1	No Option or any right with respect thereto, purchasable hereunder, whether fully paid or not, shall be assignable, transferable or given as collateral or any right
with respect to it given to any third party whatsoever, other than by will or the laws of descent and distribution or except as specifically allowed under the ESOP, and during the lifetime of the Optionee each and all of such Optionee’s rights
to purchase Shares hereunder shall be exercisable only by the Optionee. 

 Any such action made directly or
indirectly, for an immediate validation or for a future one, shall be void. 
  

	14.2	As long as Options and/or Shares are held by the Trustee on behalf of the Optionee, all rights of the Optionee over the Shares are personal, can not be transferred,
assigned, pledged or mortgaged, other than by will or pursuant to the laws of descent and distribution. 

  

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 2007 Share Option Plan 
  
  

	15.	Effective Date and Duration of the ESOP 

 The ESOP, as set forth herein, shall become effective on the date of its adoption by the Board, subject to the approval of the Company’s stockholders. If the stockholders fail to approve the ESOP
within 12 months after its adoption by the Board, then any grants, exercises or sales that have already occurred under the ESOP shall be rescinded and no additional grants, exercises or sales shall thereafter be made under the ESOP. The ESOP shall
terminate automatically 10 years after the later of (i) its initial adoption by the Board or (ii) the most recent increase in the number of Shares reserved under Section 7 that was approved by the Company’s stockholders. The Plan
may be terminated on any earlier date pursuant to Section 16 below 
  

	16.	Amendments or Termination 

 The Board may amend, suspend or terminate the ESOP at any time and for any reason; provided, however, that any amendment of the ESOP 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 9). 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 7 within 12 months after its adoption by the Board, 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 
  

	17.	Government Regulations 

 The ESOP, and the granting and exercise of Options hereunder, and the obligation of the Company to sell and deliver Shares under such Options, shall be subject to all applicable laws, rules, and regulations, whether of the State of Israel
or of the United States or any other state having jurisdiction over the Company and the Optionee, including the registration of the Shares under the United States Securities Act of 1933, and the Ordinance and to such approvals by any governmental
agencies or national securities exchanges as may be required. Nothing herein shall be deemed to require the Company to register the Shares under the securities laws of any jurisdiction. 
  

	18.	Continuance of Employment or Hired Services 

 Neither the ESOP nor the Option Agreement with the Optionee shall impose any obligation on the Company or an Affiliate thereof, to continue any Optionee in its employ or service, and nothing in the ESOP
or in any Option granted pursuant thereto shall confer upon any Optionee any right to continue in the employ or service of the Company or an Affiliate thereof or restrict the right of the Company or an Affiliate thereof to terminate such employment
or service at any time. 
  

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 2007 Share Option Plan 
  
  

	19.	Governing Law & Jurisdiction 

 The ESOP shall be governed by and construed and enforced in accordance with the laws of the State of Israel applicable to contracts made and to be performed therein, without giving effect to the
principles of conflict of laws. The competent courts of Tel-Aviv, Israel shall have sole jurisdiction in any matters pertaining to the ESOP. 
  

	20.	Tax Consequences 

  

	20.1	Any tax consequences arising from the grant or exercise of any Option, from the payment for Shares covered thereby, sale of Shares or from any other event or act (of
the Company and/or its Affiliates, the Trustee or the Optionee), hereunder, shall be borne solely by the Optionee. 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. 

  

	20.2	The Company and/or, when applicable, the Trustee shall not be required to release any Share certificate to an Optionee until all required payments have been fully made,
or have been assured to the satisfaction of the Trustee. 

  

	21.	Non-Exclusivity of the ESOP 

 The adoption of the ESOP by the Board shall not be construed as amending, modifying or rescinding any previously approved incentive arrangements or as creating any limitations on the power of the Board to
adopt such other incentive arrangements as it may deem desirable, including, without limitation, the granting of Options otherwise than under the ESOP, and such arrangements may be either applicable generally or only in specific cases. 

For the avoidance of doubt, prior grant of options to Optionees of the Company under their employment agreements, and not in the framework
of any previous option plan, shall not be deemed an approved incentive arrangement for the purpose of this Section. 
  

	22.	Multiple Agreements 

 The terms of each Option may differ from other Options granted under the ESOP at the same time, or at any other time. The Board may also grant more than one Option to a given Optionee during the term of the ESOP, either in addition to, or
in substitution for, one or more Options previously granted to that Optionee. 
  

 132010 Equity Incentive Plan

 Exhibit 10.14 
 GLASSHOUSE TECHNOLOGIES, INC. 
 2010 EQUITY INCENTIVE PLAN 
 (AS ADOPTED EFFECTIVE UPON THE IPO) 

 TABLE OF CONTENTS 
  

					
	  	 	 	  	Page
	 ARTICLE 1.
	 	INTRODUCTION	  	1
			
	 ARTICLE 2.
	 	ADMINISTRATION	  	1
	 2.1
	 	Committee Composition	  	1
	 2.2
	 	Committee Responsibilities	  	1
	 2.3
	 	Committee for Non-Officer Grants	  	2
			
	 ARTICLE 3.
	 	SHARES AVAILABLE FOR GRANTS	  	2
	 3.1
	 	Basic Limitation	  	2
	 3.2
	 	Annual Increase in Shares	  	2
	 3.3
	 	Shares Returned to Reserve	  	2
	 3.4
	 	Dividend Equivalents	  	2
			
	 ARTICLE 4.
	 	ELIGIBILITY	  	3
	 4.1
	 	Incentive Stock Options	  	3
	 4.2
	 	Other Grants	  	3
			
	 ARTICLE 5.
	 	OPTIONS	  	3
	 5.1
	 	Stock Option Agreement	  	3
	 5.2
	 	Number of Shares	  	3
	 5.3
	 	Exercise Price	  	3
	 5.4
	 	Exercisability and Term	  	3
	 5.5
	 	Modification or Assumption of Options	  	4
	 5.6
	 	Buyout Provisions	  	4
			
	 ARTICLE 6.
	 	PAYMENT FOR OPTION SHARES	  	4
	 6.1
	 	General Rule	  	4
	 6.2
	 	Surrender of Stock	  	4
	 6.3
	 	Exercise/Sale	  	4
	 6.4
	 	Promissory Note	  	4
	 6.5
	 	Other Forms of Payment	  	4
			
	 ARTICLE 7.
	 	STOCK APPRECIATION RIGHTS	  	5
	 7.1
	 	SAR Agreement	  	5
	 7.2
	 	Number of Shares	  	5
	 7.3
	 	Exercise Price	  	5
	 7.4
	 	Exercisability and Term	  	5
	 7.5
	 	Exercise of SARs	  	5
	 7.6
	 	Modification or Assumption of SARs	  	5
			
	 ARTICLE 8.
	 	RESTRICTED SHARES	  	6
	 8.1
	 	Restricted Stock Agreement	  	6
	 8.2
	 	Payment for Awards	  	6
	 8.3
	 	Vesting Conditions	  	6
	 8.4
	 	Voting and Dividend Rights	  	6

  

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	 ARTICLE 9.
	 	STOCK UNITS	  	6
	 9.1
	 	Stock Unit Agreement	  	6
	 9.2
	 	Payment for Awards	  	7
	 9.3
	 	Vesting Conditions	  	7
	 9.4
	 	Voting and Dividend Rights	  	7
	 9.5
	 	Form and Time of Settlement of Stock Units	  	7
	 9.6
	 	Death of Recipient	  	7
	 9.7
	 	Creditors’ Rights	  	8
			
	 ARTICLE 10.
	 	CHANGE IN CONTROL	  	8
			
	 ARTICLE 11.
	 	PROTECTION AGAINST DILUTION	  	8
	 11.1
	 	Adjustments	  	8
	 11.2
	 	Dissolution or Liquidation	  	9
	 11.3
	 	Reorganizations	  	9
			
	 ARTICLE 12.
	 	AWARDS UNDER OTHER PLANS	  	10
			
	 ARTICLE 13.
	 	PAYMENT OF DIRECTOR’S FEES IN SECURITIES	  	10
	 13.1
	 	Effective Date	  	10
	 13.2
	 	Elections to Receive NSOs, Restricted Shares or Stock Units	  	10
	 13.3
	 	Number and Terms of NSOs, Restricted Shares or Stock Units	  	11
			
	 ARTICLE 14.
	 	LIMITATION ON RIGHTS	  	11
	 14.1
	 	Retention Rights	  	11
	 14.2
	 	Stockholders’ Rights	  	11
	 14.3
	 	Regulatory Requirements	  	11
			
	 ARTICLE 15.
	 	WITHHOLDING TAXES	  	11
	 15.1
	 	General	  	11
	 15.2
	 	Share Withholding	  	11
			
	 ARTICLE 16.
	 	FUTURE OF THE PLAN	  	12
	 16.1
	 	Term of the Plan	  	12
	 16.2
	 	Amendment or Termination	  	12
	 16.3
	 	Stockholder Approval	  	12
			
	 ARTICLE 17.
	 	DEFINITIONS	  	12

  

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 GLASSHOUSE TECHNOLOGIES, INC.

 2010 EQUITY INCENTIVE PLAN 
 ARTICLE 1. INTRODUCTION. 
 The Plan was adopted by the Board to be effective at the IPO. The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by (a) encouraging
Employees, Outside Directors and Consultants to focus on critical long-range objectives, (b) encouraging the attraction and retention of Employees, Outside Directors and Consultants with exceptional qualifications and (c) linking
Employees, Outside Directors and Consultants directly to stockholder interests through increased stock ownership. The Plan seeks to achieve this purpose by providing for Awards in the form of Restricted Shares, Stock Units, Options (which may
constitute ISOs or NSOs) or stock appreciation rights. 
 The Plan shall be governed by, and construed in accordance with, the
laws of the State of Delaware (except their choice-of-law provisions). 
 ARTICLE 2. ADMINISTRATION. 
 2.1 Committee Composition. The Committee shall administer the Plan. The Committee shall consist exclusively of two or more directors
of the Company, who shall be appointed by the Board. In addition, each member of the Committee shall meet the following requirements: 
 (a) Any listing standards prescribed by the principal securities market on which the Company’s equity securities are traded; 
 (b) Such requirements as the Internal Revenue Service may establish for outside directors acting under plans intended to
qualify for exemption under section 162(m)(4)(C) of the Code; 
 (c) Such requirements as the Securities and
Exchange Commission may establish for administrators acting under plans intended to qualify for exemption under Rule 16b-3 (or its successor) under the Exchange Act; and 
 (d) Any other requirements imposed by applicable law, regulations or rules. 
 2.2 Committee Responsibilities. The Committee shall (a) select the Employees, Outside Directors and Consultants who are to
receive Awards under the Plan, (b) determine the type, number, vesting requirements and other features and conditions of such Awards, (c) interpret the Plan, (d) make all other decisions relating to the operation of the Plan and
(e) carry out any other duties delegated to it by the Board. The Committee may adopt such rules or guidelines as it deems appropriate to implement the Plan. The Committee’s determinations under the Plan shall be final and binding on all
persons. 

 2.3 Committee for Non-Officer Grants. The Board may also appoint a secondary
committee of the Board, which shall be composed of the entire Board or of one or more directors of the Company who need not satisfy the requirements of Section 2.1. Such secondary committee may administer the Plan with respect to Employees and
Consultants who are not Outside Directors and are not considered executive officers of the Company under section 16 of the Exchange Act, may grant Awards under the Plan to such Employees and Consultants and may determine all features and
conditions of such Awards. Within the limitations of this Section 2.3, any reference in the Plan to the Committee shall include such secondary committee. 
 ARTICLE 3. SHARES AVAILABLE FOR GRANTS. 
 3.1 Basic Limitation.
Common Shares issued pursuant to the Plan may be authorized but unissued shares or treasury shares. The aggregate number of Common Shares issued under the Plan shall not exceed (a)      plus the number of Common
Shares remaining available for issuance under the Predecessor Plan on the date of the IPO plus (b) the additional Common Shares described in Sections 3.2 and 3.3. The number of Common Shares that are subject to Awards outstanding at
any time under the Plan shall not exceed the number of Common Shares that then remain available for issuance under the Plan. All Common Shares available under the Plan may be issued upon the exercise of ISOs. No more than
     Common Shares may be issued under the Plan as Restricted Shares. The limitations of this Section 3.1 and Section 3.2 shall be subject to adjustment pursuant to Article 11. 
 3.2 Annual Increase in Shares. As of the first day of each fiscal year of the Company, commencing on January 1, 2011 and ending
on January 1, 2015, the aggregate number of Common Shares that may be issued under the Plan shall automatically increase by a number equal to      of the total number of Common Shares then outstanding. 
 3.3 Shares Returned to Reserve. If Options, SARs or Stock Units under this Plan or the Predecessor Plan are forfeited or terminate
for any other reason before being exercised or settled, then the Common Shares subject to such Options, SARs or Stock Units shall again become available for issuance under this Plan. If Restricted Shares or Common Shares issued upon the exercise of
Options under this Plan or the Predecessor Plan are reacquired by the Company pursuant to a forfeiture provision or for any other reason, then such Common Shares shall again become available for issuance under this Plan. If SARs are exercised, then
only the number of Common Shares (if any) actually issued in settlement of such SARs shall reduce the number available under Section 3.1 and the balance shall again become available for issuance under the Plan. If Stock Units are settled, then
only the number of Common Shares (if any) actually issued in settlement of such Stock Units shall reduce the number available under Section 3.1 and the balance shall again become available for issuance under the Plan. 
 3.4 Dividend Equivalents. Any dividend equivalents paid or credited under the Plan shall not be applied against the number of Common
Shares that may be issued under the Plan, whether or not such dividend equivalents are converted into Stock Units. 
  

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 ARTICLE 4. ELIGIBILITY. 
 4.1 Incentive Stock Options. Only Employees who are common-law employees of the Company, a Parent or a Subsidiary shall be eligible
for the grant of ISOs. In addition, an Employee who owns more than 10% of the total combined voting power of all classes of outstanding stock of the Company or any of its Parents or Subsidiaries shall not be eligible for the grant of an ISO unless
the requirements set forth in section 422(c)(5) of the Code are satisfied. 
 4.2 Other Grants. Only Employees,
Outside Directors and Consultants shall be eligible for the grant of Restricted Shares, Stock Units, NSOs or SARs. The Committee may provide that instead of granting an Award to an Outside Director, such Award may instead be granted to an affiliate
of such Outside Director. Such affiliate shall then be deemed to be an Outside Director for purposes of the Plan, provided that any Service-related vesting and termination provisions pertaining to an Award shall be applied with regard to the Service
of the Outside Director. 
 ARTICLE 5. OPTIONS. 
 5.1 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 of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The Stock Option Agreement shall specify whether the Option is an ISO or an NSO. The
provisions of the various Stock Option Agreements entered into under the Plan need not be identical. Options may be granted in consideration of a reduction in the Optionee’s other compensation. A Stock Option Agreement may provide that a new
Option will be granted automatically to the Optionee when he or she exercises a prior Option and pays the Exercise Price in the form described in Section 6.2. 
 5.2 Number of Shares. Each Stock Option Agreement shall specify the number of Common Shares subject to the Option and shall provide for the adjustment of such number in accordance with Article 11.
Options granted to any Optionee in a single calendar year shall not cover more than 1,000,000 Common Shares, except that Options granted to a new Employee in the calendar year in which his or her Service as an Employee first commences shall not
cover more than 2,000,000 Common Shares. The limitation set forth in the preceding sentence shall be subject to adjustment in accordance with Article 11. 
 5.3 Exercise Price. Each Stock Option Agreement shall specify the Exercise Price; provided that the Exercise Price shall in no event be less than 100% of the Fair Market Value of a Common Share on
the date of grant. 
 5.4 Exercisability and Term. Each Stock Option Agreement shall specify the date or event when all
or any installment of the Option is to become exercisable. The Stock Option Agreement shall also specify the term of the Option; provided that the term of an ISO shall in no event exceed 10 years from the date of grant. A Stock Option Agreement
may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Optionee’s
Service. Options may be awarded in combination with SARs, and such an Award may provide that the Options will not be exercisable unless the related SARs are forfeited. 
  

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 5.5 Modification or Assumption of Options. Within the limitations of the Plan, the
Committee may modify, reprice, extend or assume outstanding options or may accept the cancellation of outstanding options (whether granted by the Company or by 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, alter or impair his or her rights or obligations under such Option. 
 5.6 Buyout Provisions. The Committee may at any time (a) offer to buy out for a payment in cash or cash equivalents an Option
previously granted or (b) authorize an Optionee to elect to cash out an Option previously granted, in either case at such time and based upon such terms and conditions as the Committee shall establish. 
 ARTICLE 6. PAYMENT FOR OPTION SHARES. 
 6.1 General Rule. The entire Exercise Price of Common Shares issued upon exercise of Options shall be payable in cash or cash equivalents at the time when such Common Shares are purchased, except
that the Committee at its sole discretion may accept payment of the Exercise Price in any other form(s) described in this Article 6. However, if the Optionee is an Outside Director or executive officer of the Company, he or she may pay the
Exercise Price in a form other than cash or cash equivalents only to the extent permitted by section 13(k) of the Exchange Act. 
 6.2 Surrender of Stock. With the Committee’s consent, all or any part of the Exercise Price may be paid by surrendering, or attesting to the ownership of, Common Shares that are already owned by the Optionee. Such Common Shares
shall be valued at their Fair Market Value on the date the new Common Shares are purchased under the Plan. 
 6.3
Exercise/Sale. With the Committee’s consent, all or any part of the Exercise Price and any withholding taxes may be paid by delivering (on a form prescribed by the Company) an irrevocable direction to a securities broker approved by the
Company to sell all or part of the Common Shares being purchased under the Plan and to deliver all or part of the sales proceeds to the Company. 
 6.4 Promissory Note. With the Committee’s consent, all or any part of the Exercise Price and any withholding taxes may be paid by delivering (on a form prescribed by the Company) a
full-recourse promissory note. 
 6.5 Other Forms of Payment. With the Committee’s consent, all or any part of the
Exercise Price and any withholding taxes may be paid in any other form that is consistent with applicable laws, regulations and rules. 
  

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 ARTICLE 7. STOCK APPRECIATION RIGHTS. 
 7.1 SAR Agreement. Each grant of an SAR under the Plan shall be evidenced by an SAR Agreement between the Optionee and the Company.
Such SAR shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various SAR Agreements entered into under the Plan need not be identical. SARs may be
granted in consideration of a reduction in the Optionee’s other compensation. 
 7.2 Number of Shares. Each SAR
Agreement shall specify the number of Common Shares to which the SAR pertains and shall provide for the adjustment of such number in accordance with Article 11. SARs granted to any Optionee in a single calendar year shall in no event pertain to more
than 100,000 Common Shares, except that SARs granted to a new Employee in the calendar year in which his or her Service as an Employee first commences shall not pertain to more than 200,000 Common Shares. The limitation set forth in the preceding
sentence shall be subject to adjustment in accordance with Article 11. 
 7.3 Exercise Price. Each SAR Agreement shall
specify the Exercise Price; provided that the Exercise Price shall in no event be less than 100% of the Fair Market Value of a Common Share on the date of grant. 
 7.4 Exercisability and Term. Each SAR Agreement shall specify the date all or any installment of the SAR is to become exercisable. The SAR Agreement shall also specify the term of the SAR. An SAR
Agreement may provide for accelerated exercisability in the event of the Optionee’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the
Optionee’s Service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. An SAR may be included in an ISO only at the time of grant but
may be included in an NSO at the time of grant or thereafter. An SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control. 
 7.5 Exercise of SARs. Upon exercise of an SAR, the Optionee (or any person having the right to exercise the SAR after his or her
death) shall receive from the Company consideration in the form of (a) Common Shares, (b) cash or (c) a combination of Common Shares and cash, as the Committee shall determine. Each SAR Agreement shall specify the amount and/or Fair
Market Value of the consideration that the Optionee will receive upon exercising the SAR; provided that the aggregate consideration shall not exceed the amount by which the Fair Market Value (on the date of exercise) of the Common Shares subject to
the SAR exceeds the Exercise Price of the SAR. If, on the date an SAR expires, the Exercise Price of the SAR is less than the Fair Market Value of the Common Shares subject to the SAR on such date but any portion of the SAR has not been exercised,
then the SAR shall automatically be deemed to be exercised as of such date with respect to such portion. An SAR Agreement may also provide for an automatic exercise of the SAR on an earlier date. 
  

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 7.6 Modification or Assumption of SARs. Within the limitations of the Plan, the
Committee may modify, reprice, extend or assume outstanding SARs or may accept the cancellation of outstanding SARs (whether granted by the Company or by another issuer) in return for the grant of new SARs 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 SAR shall, without the consent of the Optionee, alter or impair his or her rights or obligations under such SAR. 
 ARTICLE 8. RESTRICTED SHARES. 
 8.1 Restricted Stock Agreement. Each grant of Restricted Shares under the Plan shall be evidenced by a Restricted Stock Agreement between the recipient and the Company. Such Restricted Shares shall
be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the various Restricted Stock Agreements entered into under the Plan need not be identical. 
 8.2 Payment for Awards. Restricted Shares may be sold or awarded under the Plan for such consideration as the Committee may
determine, including (without limitation) cash, cash equivalents, property, full-recourse promissory notes, past services and future services. If the Participant is an Outside Director or executive officer of the Company, he or she may pay for
Restricted Shares with a promissory note only to the extent permitted by Section 13(k) of the Exchange Act. Within the limitations of the Plan, the Committee may accept the cancellation of outstanding options in return for the grant of
Restricted Shares. 
 8.3 Vesting Conditions. Each Award of Restricted Shares may or may not be
subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Restricted Stock Agreement. The Committee may include among such conditions the requirement that the performance of the Company
or a business unit of the Company for a specified period of one or more fiscal years equal or exceed a target determined in advance by the Committee. The Committee shall determine such performance. Such target shall be based on one or more of the
criteria set forth in Appendix A. The Committee shall identify such target not later than the 90th day of such period. In no event shall more than 350,000 Restricted Shares that are subject to performance-based vesting conditions be granted to any Participant in a single fiscal year of the Company,
subject to adjustment in accordance with Article 11. A Restricted Stock Agreement may provide for accelerated vesting in the event of the Participant’s death, disability or retirement or other events. 
 8.4 Voting and Dividend Rights. The holders of Restricted Shares awarded under the Plan shall have the same voting, dividend and
other rights as the Company’s other stockholders. A Restricted Stock Agreement, however, may require that the holders of Restricted Shares invest any cash dividends received in additional Restricted Shares. Such additional Restricted Shares
shall be subject to the same conditions and restrictions as the Award with respect to which the dividends were paid. 
 ARTICLE 9. STOCK UNITS. 
 9.1 Stock Unit Agreement. Each grant of Stock Units under the Plan shall
be evidenced by a Stock Unit Agreement between the recipient and the Company. Such Stock Units shall be subject to all applicable terms of the Plan and may be subject to any other terms that are not inconsistent with the Plan. The provisions of the
various Stock Unit Agreements entered into under the Plan need not be identical. Stock Units may be granted in consideration of a reduction in the recipient’s other compensation. 
  

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 9.2 Payment for Awards. To the extent that an Award is granted in the form of Stock
Units, no cash consideration shall be required of the Award recipients. 
 9.3 Vesting Conditions.
Each Award of Stock Units may or may not be subject to vesting. Vesting shall occur, in full or in installments, upon satisfaction of the conditions specified in the Stock Unit Agreement. The Committee may include among such conditions the
requirement that the performance of the Company or a business unit of the Company for a specified period of one or more fiscal years equal or exceed a target determined in advance by the Committee. The Committee shall determine such performance.
Such target shall be based on one or more of the criteria set forth in Appendix A. The Committee shall identify such target not later than the 90th day of such period. In no event shall more than 250,000 Stock Units that are subject to performance-based vesting
conditions be granted to any Participant in a single fiscal year of the Company, subject to adjustment in accordance with Article 11. A Stock Unit Agreement may provide for accelerated vesting in the event of the Participant’s death, disability
or retirement or other events. 
 9.4 Voting and Dividend Rights. The holders of Stock Units shall have no voting rights.
Prior to settlement or forfeiture, any Stock Unit awarded under the Plan may, at the Committee’s discretion, carry with it a right to dividend equivalents. Such right entitles the holder to be credited with an amount equal to all cash dividends
paid on one Common Share while the Stock Unit is outstanding. Dividend equivalents may be converted into additional Stock Units. Settlement of dividend equivalents may be made in the form of cash, in the form of Common Shares, or in a combination of
both. Prior to distribution, any dividend equivalents that are not paid shall be subject to the same conditions and restrictions as the Stock Units to which they attach. 
 9.5 Form and Time of Settlement of Stock Units. Settlement of vested Stock Units may be made in the form of (a) cash, (b) Common Shares or (c) any combination of both, as determined
by the Committee. The actual number of Stock Units eligible for settlement may be larger or smaller than the number included in the original Award, based on predetermined performance factors. Methods of converting Stock Units into cash may include
(without limitation) a method based on the average Fair Market Value of Common Shares over a series of trading days. Vested Stock Units may be settled in a lump sum or in installments. The distribution may occur or commence when all vesting
conditions applicable to the Stock Units have been satisfied or have lapsed, or it may be deferred to any later date. The amount of a deferred distribution may be increased by an interest factor or by dividend equivalents. Until an Award of Stock
Units is settled, the number of such Stock Units shall be subject to adjustment pursuant to Article 11. 
 9.6 Death of
Recipient. Any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more
beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be 
  

 7 

 
changed by filing the prescribed form with the Company at any time before the Award recipient’s death. If no beneficiary was designated or if no designated beneficiary survives the Award
recipient, then any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s estate. 
 9.7 Creditors’ Rights. A holder of Stock Units shall have no rights other than those of a general creditor of the Company. Stock Units represent an unfunded and unsecured obligation of the
Company, subject to the terms and conditions of the applicable Stock Unit Agreement. 
 ARTICLE 10. CHANGE IN CONTROL

 The Committee shall have the discretion, exercisable either at the time an Award is granted or at any time while the Award
remains outstanding, to provide for the automatic acceleration of vesting upon the occurrence of a Change in Control, whether or not the Award is to be assumed or replaced in the Change in Control, or in connection with a termination of a
Participant’s Service following a Change in Control. 
 ARTICLE 11. PROTECTION AGAINST DILUTION. 

11.1 Adjustments. In the event of a subdivision of the outstanding Common Shares, a declaration of a dividend payable in Common
Shares or a combination or consolidation of the outstanding Common Shares (by reclassification or otherwise) into a lesser number of Common Shares, corresponding adjustments shall automatically be made in each of the following: 
 (a) The number of Options, SARs, Restricted Shares and Stock Units available for future Awards under Article 3,
including the share limitation set forth in Section 3.1 and the share limitation set forth in Section 3.2; 
 (b) The limitations set forth in Sections 5.2, 7.2, 8.3 and 9.3; 
 (c) The number of Common Shares
covered by each outstanding Option and SAR; 
 (d) The Exercise Price under each outstanding Option and SAR; or

 (e) The number of Stock Units included in any prior Award that has not yet been settled. 
 In the event of a declaration of an extraordinary dividend payable in a form other than Common Shares in an amount that has a material effect on the price
of Common Shares, a recapitalization, a spin-off or a similar occurrence, the Committee shall make such adjustments as it, in its sole discretion, deems appropriate in one or more of the foregoing. Except as provided in this Article 11, a
Participant shall have no rights by reason of any issuance by the Company of stock of any class or securities convertible into stock of any class, any subdivision or consolidation of shares of stock of any class, the payment of any stock dividend or
any other increase or decrease in the number of shares of stock of any class. 
  

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 11.2 Dissolution or Liquidation. To the extent not previously exercised or settled,
Options, SARs and Stock Units shall terminate immediately prior to the dissolution or liquidation of the Company. 
 11.3
Reorganizations. In the event that the Company is a party to a merger or consolidation, all outstanding Awards shall be subject to the agreement of merger or consolidation. Such agreement shall provide for one or more of the following:

 (a) The continuation of such outstanding Awards by the Company (if the Company is the surviving corporation).

 (b) The assumption of such outstanding Awards by the surviving corporation or its parent, provided that the
assumption of Options or SARs shall comply with section 424(a) of the Code (whether or not the Options are ISOs). 
 (c) The substitution by the surviving corporation or its parent of new awards for such outstanding Awards, provided that the substitution of Options or SARs shall comply with section 424(a) of the Code (whether or not the Options are
ISOs). 
 (d) The cancellation of such outstanding Options without payment of any consideration. The Optionees
shall be able to exercise such Options and SARs during a period of not less than five full business days preceding the closing date of such merger or consolidation, unless (i) a shorter period is required to permit a timely closing of such
merger or consolidation and (ii) such shorter period still offers the Optionees a reasonable opportunity to exercise such Options and SARs. Any exercise of such Options and SARs during such period may be contingent on the closing of such merger
or consolidation. 
 (e) Full exercisability of outstanding Options and SARs and full vesting of the Common
Shares subject to such Options and SARs, followed by the cancellation of such Options and SARs. The full exercisability of such Options and SARs and full vesting of such Common Shares may be contingent on the closing of such merger or consolidation.
The Optionees shall be able to exercise such Options and SARs during a period of not less than five full business days preceding the closing date of such merger or consolidation, unless (i) a shorter period is required to permit a timely
closing of such merger or consolidation and (ii) such shorter period still offers the Optionees a reasonable opportunity to exercise such Options and SARs. Any exercise of such Options and SARs during such period may be contingent on the
closing of such merger or consolidation. 
  

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 (f) The cancellation of outstanding Options and SARs and a payment to the
Optionees equal to the excess of (i) the Fair Market Value of the Common Shares subject to such Options and SARs (whether or not such Options and SARs are then exercisable or such Common Shares are then vested) as of the closing date of such
merger or consolidation over (ii) 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 and SARs would have become exercisable or such Common 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 Optionee than the schedule under which such Options and SARs would have become exercisable or such Common Shares would have vested. If the Exercise Price of
the Common Shares subject to such Options and SARs exceeds the Fair Market Value of such Common Shares, then such Options and SARs may be cancelled without making a payment to the Optionees. For purposes of this Subsection (e), the Fair Market
Value of any security shall be determined without regard to any vesting conditions that may apply to such security. 
 (g) The cancellation of outstanding Stock Units and a payment to the Participants equal to the Fair Market Value of the Common Shares subject to such Stock Units (whether or not such Stock Units are then vested) as of the closing date of
such merger or consolidation. 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 Stock Units would have vested. Such payment may be subject to vesting based on the Participant’s continuing Service, provided that the vesting schedule shall not be less favorable to the
Participant than the schedule under which such Stock Units would have vested. For purposes of this Subsection (f), the Fair Market Value of any security shall be determined without regard to any vesting conditions that may apply to such
security. 
 ARTICLE 12. AWARDS UNDER OTHER PLANS. 
 The Company may grant awards under other plans or programs. Such awards may be settled in the form of Common Shares issued under this Plan.
Such Common Shares shall be treated for all purposes under the Plan like Common Shares issued in settlement of Stock Units and shall, when issued, reduce the number of Common Shares available under Article 3. 
 ARTICLE 13. PAYMENT OF DIRECTOR’S FEES IN SECURITIES. 
 13.1 Effective Date. No provision of this Article 13 shall be effective unless and until the Board has determined to implement such
provision. 
 13.2 Elections to Receive NSOs, Restricted Shares or Stock Units. An Outside Director may elect to receive
his or her annual retainer payments and/or meeting fees from the Company in the form of cash, NSOs, Restricted Shares or Stock Units, or a combination thereof, as determined by the Board. Such NSOs, Restricted Shares and Stock Units shall be issued
under the Plan. An election under this Article 13 shall be filed with the Company on the prescribed form. 
  

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 13.3 Number and Terms of NSOs, Restricted Shares or Stock Units. The number of NSOs,
Restricted Shares or Stock Units to be granted to Outside Directors in lieu of annual retainers and meeting fees that would otherwise be paid in cash shall be calculated in a manner determined by the Board. The Board shall also determine the terms
of such NSOs, Restricted Shares or Stock Units. 
 ARTICLE 14. LIMITATION ON RIGHTS. 
 14.1 Retention Rights. Neither the Plan nor any Award granted under the Plan shall be deemed to give any individual a right to remain
an Employee, Outside Director or Consultant. The Company and its Parents, Subsidiaries and Affiliates reserve the right to terminate the Service of any Employee, Outside Director or Consultant at any time, with or without cause, subject to
applicable laws, the Company’s certificate of incorporation and by-laws and a written employment agreement (if any). 
 14.2 Stockholders’ Rights. A Participant shall have no dividend rights, voting rights or other rights as a stockholder with respect to any Common Shares covered by his or her Award prior to the time when a stock certificate for
such Common Shares is issued or, if applicable, the time when he or she becomes entitled to receive such Common Shares by filing any required notice of exercise and paying any required Exercise Price. No adjustment shall be made for cash dividends
or other rights for which the record date is prior to such time, except as expressly provided in the Plan. 
 14.3 Regulatory
Requirements. Any other provision of the Plan notwithstanding, the obligation of the Company to issue Common Shares under the Plan shall be subject to all applicable laws, rules and regulations and such approval by any regulatory body as may be
required. The Company reserves the right to restrict, in whole or in part, the delivery of Common Shares pursuant to any Award prior to the satisfaction of all legal requirements relating to the issuance of such Common Shares, to their registration,
qualification or listing or to an exemption from registration, qualification or listing. 
 ARTICLE 15. WITHHOLDING
TAXES. 
 15.1 General. To the extent required by applicable federal, state, local or foreign law, a Participant or
his or her successor shall make arrangements satisfactory to the Company for the satisfaction of any withholding tax obligations that arise in connection with the Plan. The Company shall not be required to issue any Common Shares or make any cash
payment under the Plan until such obligations are satisfied. 
 15.2 Share Withholding. To the extent that applicable law
subjects a Participant to tax withholding obligations, the Committee may permit such Participant to satisfy all or part of such obligations by having the Company withhold all or a portion of any Common Shares that otherwise would be issued to him or
her or by surrendering all or a portion of any Common Shares that he or she previously acquired. Such Common Shares shall be valued at their Fair Market Value on the date they are withheld or surrendered. 
  

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 ARTICLE 16. FUTURE OF THE PLAN. 
 16.1 Term of the Plan. The Plan, as set forth herein, shall become effective on the effective date of the IPO. The
Plan shall remain in effect until the earlier of (a) the date the Plan is terminated under Section 16.2 or (b) the 10th anniversary of the date the Board adopted the Plan. The Plan shall serve as the successor to the Predecessor Plan, and
no further option grants shall be made under the Predecessor Plan after the Plan effective date. All options outstanding under the Predecessor Plan as of such date shall, immediately upon effectiveness of the Plan, be deemed incorporated into the
Plan but shall remain outstanding in accordance with their terms. Each outstanding option granted under the Predecessor Plan shall continue to be governed solely by the terms of the documents evidencing such option, and no provision of the Plan
shall be deemed to affect or otherwise modify the rights or obligations of the holders of such options with respect to their acquisition of Common Shares. 
 16.2 Amendment or Termination. The Board may, at any time and for any reason, amend or terminate the Plan. No Awards shall be granted under the Plan after the termination thereof. The termination
of the Plan, or any amendment thereof, shall not affect any Award previously granted under the Plan. 
 16.3 Stockholder
Approval. An amendment of the Plan shall be subject to the approval of the Company’s stockholders only to the extent required by applicable laws, regulations or rules. However, section 162(m) of the Code may require that the
Company’s stockholders approve: 
 (a) The Plan not later than the first regular meeting of stockholders
that occurs in the fourth calendar year following the calendar year in which the Company’s initial public offering occurred; and 
 (b) The performance criteria set forth in Appendix A not later than the first meeting of stockholders that occurs in the fifth year following the year in which the Company’s stockholders
previously approved such criteria. 
 ARTICLE 17. DEFINITIONS. 
 17.1 “Affiliate” means any entity other than a Subsidiary, if the Company and/or one or more Subsidiaries own not less than
50% of such entity. 
 17.2 “Award” means any award of an Option, an SAR, a Restricted Share or a Stock Unit
under the Plan. 
 17.3 “Board” means the Company’s Board of Directors, as constituted from time to time.

  

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 17.4 “Change in Control” means: 
 (a) The consummation of a merger or consolidation of the Company with or into another entity or any other corporate
reorganization, if persons who were not stockholders of the Company immediately prior to such merger, consolidation or other reorganization own immediately after such merger, consolidation or other reorganization 50% or more of the voting power of
the outstanding securities of each of (i) the continuing or surviving entity and (ii) any direct or indirect parent corporation of such continuing or surviving entity; 
 (b) The sale, transfer or other disposition of all or substantially all of the Company’s assets; 
 (c) A change in the composition of the Board, as a result of which fewer than 50% of the incumbent directors are directors
who either: 
 (i) Had been directors of the Company on the date 24 months prior to the date of such change in
the composition of the Board (the “Original Directors”); or 
 (ii) Were appointed to the Board, or
nominated for election to the Board, with the affirmative votes of at least a majority of the aggregate of (A) the Original Directors who were in office at the time of their appointment or nomination and (B) the directors whose appointment
or nomination was previously approved in a manner consistent with this Paragraph (ii); or 
 (d) Any
transaction as a result of which any person is the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing at least 50% of the total voting power
represented by the Company’s then outstanding voting securities. For purposes of this Subsection (d), the term “person” shall have the same meaning as when used in sections 13(d) and 14(d) of the Exchange Act but shall
exclude (i) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a Parent or Subsidiary and (ii) a corporation owned directly or indirectly by the stockholders of the Company in substantially
the same proportions as their ownership of the common stock of the Company. 
 A transaction shall not constitute a Change in Control if its
sole purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such
transaction. 
 17.5 “Code” means the Internal Revenue Code of 1986, as amended. 
 17.6 “Committee” means a committee of the Board, as described in Article 2. 
 17.7 “Common Share” means one share of the common stock of the Company. 
  

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 17.8 “Company” means GlassHouse Technologies, Inc., a Delaware corporation.

 17.9 “Consultant” means a consultant or adviser who provides bona fide services to the Company, a Parent, a
Subsidiary or an Affiliate as an independent contractor. 
 17.10 “Employee” means a common-law employee of the
Company, a Parent, a Subsidiary or an Affiliate. 
 17.11 “Exchange Act” means the Securities Exchange Act of
1934, as amended. 
 17.12 “Exercise Price,” in the case of an Option, means the amount for which one Common
Share may be purchased upon exercise of such Option, as specified in the applicable Stock Option Agreement. “Exercise Price,” in the case of an SAR, means an amount, as specified in the applicable SAR Agreement, which is subtracted from
the Fair Market Value of one Common Share in determining the amount payable upon exercise of such SAR. 
 17.13 “Fair
Market Value” means the market price of Common Shares, determined by the Committee in good faith on such basis as it deems appropriate. Whenever possible, the determination of Fair Market Value by the Committee shall be based on the prices
reported in The Wall Street Journal. Such determination shall be conclusive and binding on all persons. 
 17.14
“IPO” means the initial public offering of the Company’s Common Stock. 
 17.15 “ISO”
means an incentive stock option described in section 422(b) of the Code. 
 17.16 “NSO” means a stock
option not described in sections 422 or 423 of the Code. 
 17.17 “Option” means an ISO or NSO granted
under the Plan and entitling the holder to purchase Common Shares. 
 17.18 “Optionee” means an individual or
estate who holds an Option or SAR. 
 17.19 “Outside Director” means a member of the Board who is not an
Employee. 
 17.20 “Parent” means 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. 
 17.21
“Participant” means an individual or estate who holds an Award. 
  

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 17.22 “Plan” means this GlassHouse Technologies, Inc. 2010 Equity Incentive
Plan, as amended from time to time. 
 17.23 “Predecessor Plan” means the Company’s existing Amended and
Restated 2001 Stock Option and Grant Plan. 
 17.24 “Restricted Share” means a Common Share awarded under the
Plan. 
 17.25 “Restricted Stock Agreement” means the agreement between the Company and the recipient of a
Restricted Share that contains the terms, conditions and restrictions pertaining to such Restricted Share. 
 17.26
“SAR” means a stock appreciation right granted under the Plan. 
 17.27 “SAR Agreement” means
the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her SAR. 
 17.28 “Service” means service as an Employee, Outside Director or Consultant. 
 17.29 “Stock
Option Agreement” means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to his or her Option. 
 17.30 “Stock Unit” means a bookkeeping entry representing the equivalent of one Common Share, as awarded under the Plan. 
 17.31 “Stock Unit Agreement” means the agreement between the Company and the recipient of a Stock Unit that contains the
terms, conditions and restrictions pertaining to such Stock Unit. 
 17.32 “Subsidiary” means 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. 
  

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 APPENDIX A 
 PERFORMANCE CRITERIA FOR RESTRICTED SHARES AND
STOCK UNITS 
 The performance goals that may be used by the Committee for such awards shall consist of:
operating profits (including EBITDA), net profits, earnings per share, profit returns and margins, revenues, stockholder return and/or value, stock price and working capital. Performance goals may be measured solely on a corporate, subsidiary or
business unit basis, or a combination thereof. Further, performance criteria may reflect absolute entity performance or a relative comparison of entity performance to the performance of a peer group of entities or other external measure of the
selected performance criteria. Profit, earnings and revenues used for any performance goal measurement shall exclude: gains or losses on operating asset sales or dispositions; asset write-downs; litigation or claim judgments or settlements; accruals
for historic environmental obligations; effect of changes in tax law or rate on deferred tax liabilities; accruals for reorganization and restructuring programs; uninsured catastrophic property losses; the cumulative effect of changes in accounting
principles; and any extraordinary non-recurring items as described in Accounting Principles Board Opinion No. 30 and/or in management’s discussion and analysis of financial performance appearing in the Company’s annual report to
stockholders for the applicable year.

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