Document:

exv10w1

	 	 	 	 	 

EXHIBIT 10.1

December 1. 2010

Via Email and FedEx

Marc Stolzman

2212 34th Ave., South

Seattle, Washington 98144

Dear Marc:

     This letter agreement (the “Agreement”) sets forth the terms of the separation package that
Blue Nile, Inc. (the “Company”) is offering to you to aid in your employment transition.

     1. Separation Date. Your employment with the Company terminated November 24, 2010
(the “Separation Date”), and such termination is a “separation from service” for all purposes under
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).

     2. Accrued Salary and Vacation Pay. The Company will pay you all accrued salary,
and all accrued and unused vacation (if any), earned through the Separation Date, less standard
payroll deductions and withholdings.

     3. Employee Benefits. Following the Separation Date, you will not be entitled to
accrual of any employee benefits, including, but not limited to, vacation benefits, 401(k)
contributions or bonuses. Your coverage under the Company’s group health plan will end on the last
day of the month in which your Separation Date falls (or as otherwise provided in the plan). To
the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the
Company’s current group health plan, you may be eligible to continue your group health insurance
benefits at your own expense, except as a expressly set forth herein, after the Separation Date.
You will be separately provided a written notice of your rights and obligations under COBRA.

     4. Severance Payment. Although the Company is not otherwise obligated to do so, if
you sign this Agreement, and provided you otherwise comply with the terms of this Agreement, the
Company will provide you with the following severance benefits (collectively, the “Severance
Payment”):

          a. a lump sum cash payment of $125,000, subject to applicable tax withholdings, payable on
December 31, 2010, and

          b. if you timely elect and remain eligible for continued coverage under COBRA (or any similar
state law), the Company will pay you on the first day of each month following your Separation Date
(except as set forth below), a cash payment equal to the applicable COBRA premiums for that month
(including premiums for you and your eligible dependents who have elected and remain enrolled in
such COBRA coverage), subject to applicable tax withholdings (such amount, the “Special Cash
Payment”), for a number of months equal to the lesser of (i) the duration of the period in which
you and your eligible dependents are eligible for and enrolled in such COBRA coverage (and not
otherwise covered by another employer’s group health plan) and (ii) six (6) months. You may, but
are not obligated to, use the Special Cash Payment toward the cost of COBRA premiums. The Company
will make the first payment to you under this paragraph on December 31, 2010, with the balance of
the Special Cash Payment paid thereafter on the schedule described above. If you become covered
under another employer’s group health plan or otherwise cease to be eligible for COBRA during the
period provided in this paragraph, you must immediately notify the Company of such event and the
Company shall cease payment of the Special Cash Payments and shall have no further obligations
under this paragraph.

     5. No Other Compensation or Benefits. You acknowledge that, except as expressly
provided in this Agreement, you are not entitled to and you will not receive from the Company any
additional compensation, severance, or benefits after the Separation Date, with the exception of
any vested right you may have under the terms of a written ERISA-qualified benefit plan (e.g.,
401(k) account). By way of example, but not limitation, you acknowledge that you have not earned
and are not owed any bonus or incentive compensation.

 

 

     6. Expense Reimbursements. You agree that, within thirty (30) days after the
Separation Date, you will submit your final documented expense reimbursement statement reflecting
all business expenses you incurred through the Separation Date, if any, for which you seek
reimbursement. The Company will reimburse you for these expenses pursuant to its regular business
practices.

     7. Return of Company Property. You agree that you have returned to the Company all
Company documents (and all copies thereof) and other Company property that you have in your
possession or control, including, but not limited to, any files, correspondence, memoranda,
reports, lists, proposals, notes, drawings, records, plans, forecasts, purchase orders, personnel
information, operational information, customer information and contact lists, sales and marketing
information, financial information, promotional literature, product specifications,
computer-recorded information, other tangible property, credit cards, entry cards, identification
badges and keys; and any materials of any kind that contain or embody any proprietary or
confidential information of the Company or its officers, directors, and employees (and all
reproductions thereof in whole or in part). You agree that you have made a diligent search to
locate any such documents, property and information. In addition, if you have used any personal
computer, server, or e-mail system to receive, store, review, prepare or transmit any Company
confidential or proprietary data, materials or information, you agree to provide the Company with a
computer-useable copy of such information and then permanently delete and expunge such Company
confidential or proprietary information from those systems; and you agree to provide the Company
access to your system as requested to verify that the necessary copying and/or deletion is done.
Your timely return of all Company property is a precondition of your receipt of the Severance
Payment.

     8. Proprietary Information Obligations. You hereby agree to refrain from any use or
disclosure of the Company’s confidential or proprietary information or materials, unless
specifically authorized in writing by an officer of the Company. Receipt of the Severance Payment
is conditioned upon you signing the Company’s standard form of Employee Nondisclosure, Proprietary
Information, Inventions, Nonsolicitation and Noncompetition Agreement.

     9. Nondisparagement. You agree not to disparage the Company or its officers,
directors, employees, shareholders and agents, in any manner likely to be harmful to them or their
business, business reputation or personal reputation. Nothing in this paragraph shall prevent
either party from responding accurately and fully to any question, inquiry or request for
information when required by legal process. The Company will respond to any questions from
prospective employers about your employment with or separation from the Company by providing only
your dates of employment, title and salary, and indicating that it is not the practice of the
Company to provide more information. You agree to direct all such prospective employers to the
Human Resources department.

     10. No Voluntary Adverse Action. You agree that you will not encourage any person
in bringing or pursuing any claim or action of any kind against the Company, its parents,
subsidiaries, affiliates, officers, directors, employees or agents, unless pursuant to subpoena or
other compulsion of law.

     11. No Admissions. Nothing contained in this Agreement shall be construed as an
admission by you or the Company of any liability, obligation, wrongdoing or violation of law.

     12. Release of Claims. Except as otherwise set forth in this Agreement, in
exchange for the consideration under this Agreement to which you would not otherwise be entitled
(including, but not limited to, the Severance Payment), you, on behalf of yourself, and your
respective heirs, family members, executors and assigns, hereby generally and completely release
the Company and its parents, subsidiaries, successors, predecessors and affiliates, and its and
their past, present and future directors, officers, employees, agents, employees, investors,
stockholders, predecessor and successor corporations, attorneys, insurers, affiliates and assigns
(the “Released Parties”), from any and all claims, demands, actions, suits, damages, losses,
expenses, attorneys’ fees duties, liabilities, obligations or causes of action relating to any
matters of any kind, both known and unknown, that arise out of or are in any way related to events,
acts, conduct, or omissions occurring at any time prior to and including the time you sign this
Agreement.

This general release includes, but is not limited to:

	 	a.	 	all claims arising out of or in any way related to your employment with
the Company or the termination of that employment;
	 
	 	b.	 	all claims related to your compensation or benefits, including salary,
bonuses, commissions, vacation pay, expense reimbursements, severance pay, fringe
benefits, stock, stock options, or any other equity interests in the Company;
	 
	 	c.	 	all claims for breach of contract, wrongful termination, and breach of
the implied covenant of good faith and fair dealing;

 

 

	 	d.	 	all tort claims, including claims for fraud, defamation, emotional
distress, and discharge in violation of public policy;
	 
	 	e.	 	any and all claims relating to, or arising from, your right to purchase,
or actual purchase of shares of stock of the Company, including, without limitation,
any claims for fraud, misrepresentation, breach of fiduciary duty, breach of duty
under applicable state corporate law, and securities fraud under any state or
federal law;
	 
	 	f.	 	any and all claims for violation of the federal, or any state,
constitution;
	 
	 	g.	 	any and all claims for any loss, cost, damage, or expense arising out of
any dispute over the non-withholding or other tax treatment of any of the proceeds
received by you as a result of this Agreement;
	 
	 	h.	 	any and all claims for attorneys’ fees and costs;
	 
	 	i.	 	any and all claims under the law of any jurisdiction including, but not
limited to, wrongful discharge of employment; constructive discharge from
employment; termination in violation of public policy; discrimination; breach of
contract, both express and implied; promissory estoppel; negligent or intentional
infliction of emotional distress; negligent or intentional misrepresentation;
negligent or intentional interference with contract or prospective economic
advantage; unfair business practices; defamation; libel; slander; negligence;
personal injury; assault; battery; invasion of privacy; false imprisonment; and
conversion; and
	 
	 	j.	 	all federal, state, and local statutory claims, including, without
limitation, any claims under Title VII of the Civil Rights Act of 1964, as amended,
the Fair Labor Standards Act, the Age Discrimination in Employment Act of 1967, the
Employee Retirement Income Security Act of 1974, as amended, the Washington Law
Against Discrimination, the Washington Family Leave Act, the Washington Minimum Wage
Act, Chapter 49.60 of the Revised Code of Washington, the Equal Pay Act of 1963, the
Americans With Disabilities Act, the Civil Rights Act of 1991, and any claims under
any other federal, state, and local laws and regulations relating to employment or
employment discrimination, harassment, retaliation, or attorneys’ fees.

You make this commitment even though you understand that you may not, as of this date, know all of
the claims you may lawfully have against the Released Parties and that you are giving up the right
to pursue any claims that you could have pursued before courts without having the opportunity to
pursue those claims to a trial and have the damages, if any, set by a judge or jury. This release
is intended to be as broad as the law allows and includes, without limitation, any claims under
statute or otherwise for attorneys’ fees and costs.

You represent that you have no lawsuits, claims or actions pending in your name, or on behalf of
any other person or entity, against any of the Released Parties. You agree that all Released
Parties (except the Company, which is a party to this Agreement) are third party beneficiaries of
this Agreement who may enforce the terms of such release.

     13. Reservation of Rights. This Agreement shall not affect any rights which you may
have under any medical insurance, disability plan, workers’ compensation, unemployment
compensation, or the 401(k) plan maintained by the Company.

     14. ADEA Waiver. You acknowledge that you are knowingly and voluntarily waiving and
releasing any rights you may have under the Age Discrimination and Employment Act (the “ADEA”), and
that the consideration given for the waiver and release in the Paragraph 12 hereof is in addition
to anything of value to which you are already entitled.

You further acknowledge that you have been advised in this letter as required by the ADEA, that:

	 	a.	 	your waiver and release do not apply to any rights or claims that may
arise after the date that you sign this Agreement;
	 
	 	b.	 	you should consult with an attorney of your choice prior to signing this
Agreement (although you may choose voluntarily not to do so);

 

 

	 	c.	 	you have at least twenty-one (21) days to consider this Agreement
(although you may choose voluntarily to sign it earlier);
	 
	 	d.	 	you have seven (7) days following the date you sign this Agreement to
revoke the Agreement by providing written notice of revocation to the Company’s
General Counsel; and
	 
	 	e.	 	this Agreement will not be effective until the date upon which the
revocation period has expired, which will be the eighth calendar day after the date
that this Agreement is signed by you (the “Effective Date”).

     15. Future Lawsuits. You represent that you have no lawsuits, claims, or actions
pending in your name, or on behalf of any other person or entity, against the Company or any other
person or entity referred to herein. You also represent that you do not intend to bring any claims
on your own behalf or on behalf of any other person or entity against the Company or any other
person or entity referred to herein.

     16. Severability. If any provision of this Agreement is determined to be invalid or
unenforceable, in whole or in part, this determination will not affect any other provision of this
Agreement and the provision in question shall be modified so as to be rendered enforceable in a
manner consistent with the intent of the parties insofar as possible under applicable law.

     17. Miscellaneous. This Agreement constitutes the complete, final and exclusive
embodiment of the entire agreement between you and the Company with regard to its subject matter.
It is entered into without reliance on any promise or representation, written or oral, other than
those expressly contained herein, and it supersedes any other such promises, warranties or
representations. This Agreement may not be modified or amended except in a writing signed by both
you and a duly authorized officer of the Company. This Agreement will bind the heirs, personal
representatives, successors and assigns of both you and the Company, and inure to the benefit of
both you and the Company, their heirs, successors and assigns. This Agreement will be deemed to
have been entered into and will be construed and enforced in accordance with the laws of the State
of Washington as applied to contracts made and to be performed entirely within Washington. Any
ambiguity in this Agreement shall not be construed against either party as the drafter. Any waiver
of a breach of this Agreement shall be in writing and shall not be deemed to be a waiver of any
successive breach. This Agreement may be executed in counterparts and facsimile signatures will
suffice as original signatures.

If this Agreement is acceptable to you, please sign below and return the original to me within
twenty-one days from the date you receive this letter. The offer contained in this Agreement will
automatically expire if we do not receive the executed Agreement from you at the end of that
period.

 

 

We wish you the best in your future endeavors.

	 	 	 

	Sincerely,
	 	 
	 
	 	 
	Blue Nile, Inc.
	 	 
	 
	 	 
	 
	 	 
	 
	 	 
	By: /s/ Diane Irvine
	 	 
	 
	 	 
	Diane Irvine
	 	 
	Chief Executive Officer
	 	 
	 
	 	 
	 
	 	 
	Understood and Agreed:

	 	 
	 
	 	 
	 
	 	 
	/s/ Marc Stolzman
	 	 
	 
	 	 
	Marc Stolzman
	 	 
	 
	 	 
	Date: December 3, 2010exv10w1

Exhibit 10.1

CONFIDENTIAL

SEPARATION AGREEMENT AND RELEASE

     THIS
SEPARATION AGREEMENT AND RELEASE (this “Agreement”) is being made and entered into
effective this
21st day of September 2010 by and between Arthur P. Becker (“Employee”) and
NaviSite, Inc. (“Employer”).

RECITALS

     Employee and Employer are parties to a Separation Agreement dated April 3, 2006 which was
amended on December 4, 2008 (collectively, the “Separation Agreement”). Employee’s employment with
Employer pursuant to the Employment Agreement, dated February 21, 2003 (the “Employment Agreement”)
is terminated as a result of Employee’s voluntary resignation as of August 15, 2010 (the
“Termination Date”). In addition, Employee has resigned from any and all positions with all direct
and indirect subsidiaries of the Employer, including but not limited to all directorships and all
positions as an officer of each subsidiary. As set forth in the Separation Agreement, Employee must
execute a release of all claims in a form satisfactory to Employer in exchange for the severance
benefits set forth in the Separation Agreement. This Agreement is such release and sets forth the
terms of Employee’s separation from employment. The Employment Agreement and Separation Agreement
are superseded by this Agreement to the extent described herein.

     Whether or not Employee executes this Agreement, Employee will receive all base salary and all
other compensation due through and including the Termination Date (including all accrued but unused
vacation time) and will receive paperwork from Employer or its administrators regarding COBRA, any
vested benefits and life and disability insurance portability options, as applicable.

AGREEMENT

     NOW, THEREFORE, in consideration for the promises contained herein and for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as
follows:

     1. Notwithstanding any provisions, conditions or requirements set forth in the Employment
Agreement or Separation Agreement, in consideration for Employee’s release of any and all claims in
accordance with paragraph 5 herein and for other promises contained herein, Employer shall,
provided the time period described in paragraph 8 has passed and this Agreement has not been
revoked pursuant to paragraph 8, provide to Employee the following separation payments and
benefits:

          a. Employer will pay Employee payments totaling $175,000.00 in equal installments over the six
months following the Effective Date in accordance with Employer’s normal payroll procedures
(together with the payments provided in subparagraphs b and c below, the “Severance Payments”);

 

 

          b. Employer will provide a Bonus Payment (as defined in the Separation Agreement) equal to
Employee’s target bonus for the current fiscal year pro rated to the Termination Date. The Bonus
Payment will be made in a lump sum, in the amount of $10,787.67 on the Effective Date. In addition,
Employer will pay Employee $254,625.00 of unpaid bonus from the prior fiscal year; and

          c. For up to a six month period after the Termination Date, Employer shall provide
reimbursement to Employee for COBRA payments for health and welfare benefits continuation provided
Employee elects COBRA coverage and provided further that Employee provides proper receipts
evidencing payment in a form reasonably acceptable to Employer, and such reimbursements shall be
made no later than the end of Employee’s taxable year during which such expense was incurred.

          d. Employer and Employee shall use good-faith commercially reasonable efforts to have the
office lease (the “Lease”) for the premises known as Suites 1607 and 1609 located at 654 Madison
Avenue, New York, NY 10065 assigned from Employer to Employee as soon as reasonably practicable
after the date of this Agreement. Employee shall be responsible for all future rent and other
future payments and obligations under the Lease, provided, however, Employer shall pay to the
landlord, on the later of the Effective Date and the date the Lease is assigned from Employer to
Employee, an amount equal to $77,215.68, which amount represents 1⁄2 of the base rent due under
such Lease in respect of the period from September 1, 2010 through August 31, 2011. In addition,
the agreement entered into between Employer and Employee with respect to indemnifying Employee in
his capacity as guarantor under the Lease shall continue to apply, but only with respect to the
period prior to the assignment of the Lease, and shall no longer apply with respect to the period
commencing with such assignment of the Lease. In conjunction with the assignment of the Lease,
Employee shall be entitled to retain and Employer hereby transfers and assigns all of its right,
title and interest in and to all office furniture, televisions and equipment, including networking
equipment, located at such facility and all leasehold improvements (other than any desktop
computer, laptop computer, routers and servers, which shall be returned to Employer promptly). In
addition, Employer shall remain fully responsible for, and shall indemnify and hold harmless
Employee from and against any and all claims, actions, loss, damages, obligations, liabilities,
costs and expenses (including reasonable attorney’s fees and expenses) relating to, the obligations
and liabilities of Employer (as tenant under the Lease or otherwise) with respect to the premises
described herein, including without limitation the payment of all bills for services (including
construction services) relating to leasehold improvements at, or office rent for, the premises
described herein that were rendered on or prior to August 31, 2010, whether or not billed, invoiced
or received by Employer as of such date. In the event the base rent for the Lease is reduced below
its current amount for all or any portion of the first twelve months after the Lease is assigned by
Employer to Employee, then Employee shall reimburse Employer for any amounts that Employer paid to
the landlord pursuant to this paragraph (d) that results or resulted in Employer paying in excess
of 1⁄2 of the actual base rent that was or is due under the Lease between September 1, 2010 and
August 31, 2011. Employer will pay the legal fees and expenses of the landlord’s real estate
attorney and any other fees or expenses associated with giving effect to this Section 1(d);
provided that such reimbursement shall not exceed $5,000 in the aggregate.

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          e. Employer will pay Employee $21,295.20 on the Effective Date, which represents all
out-of-pocket expenses that Employee has incurred on behalf of Employer through the Termination
Date and to which Employee is entitled to reimbursement.

          f. Notwithstanding any provision of any stock option agreement, restricted stock agreement,
equity compensation plan, including, without limitation, the NaviSite, Inc. Amended and Restated
2003 Stock Incentive Plan and the NaviSite, Inc. Amended and Restated 1998 Equity Incentive Plan,
or any other agreement or plan to the contrary, all equity-based compensation awards held by
Employee on the Termination Date, including, without limitation, the awards granted pursuant to the
agreements listed on Annex A hereto, are hereby amended effective as of the Termination Date to
provide that, for so long as Employee remains as a member of the Board of Directors of Employer
(the “Board”) or of any of Employer’s parents, subsidiaries or affiliates, the awards shall, as
applicable, continue to vest and remain exercisable as if Employee’s employment were continuing
during the period Employee remains as a member of the Board; provided, that, in no event shall any
stock option remain exercisable for longer than its original full term. For the avoidance of doubt,
nothing in this paragraph shall operate to shorten any period of vesting or exercisability from
what it would have been prior to the amendment described herein or be construed to prevent such
awards from vesting in full upon a change of control. The Company shall, as soon as practicable
following the Effective Date, take and cause to be taken all necessary and appropriate action under
all of the foregoing plans, agreements and arrangements to formalize and document the amendments
called for by this paragraph and deliver such documentation and amendments to Employee.

     2. If any of the Severance Payments are be subject to the tax imposed by Section
4999 of the Internal Revenue Code of 1986, as amended (the “Code”) (or any similar tax that may
hereafter be imposed) (the “Excise Tax”), Employer shall pay to Employee an additional amount (the
“Gross-Up Payment”) such that the net amount retained by Employee, after deduction of any Excise
Tax on the Total Payments (as hereinafter defined) and any federal, state and local income tax and
Excise Tax upon the payment provided for by this paragraph, shall be equal to the Total Payments.
For purposes of determining whether any of the Severance Payments will be subject to the Excise Tax
and the amount of such Excise Tax, (a) any other payments or benefits received by Employee in
connection with Employee’s termination of employment (whether pursuant to the terms of this
Agreement or any other plan, arrangement or agreement with the Employer, (which, together with the
Severance Payments, constitute the “Total Payments”) shall be treated as “parachute payments”
within the meaning of Section 280G(b)(2) of the Code, and all “excess parachute payments” within
the meaning of Section
280G(b)(1) shall be treated as subject to the Excise Tax, unless in the opinion of tax counsel
selected by the Employer’s independent auditors such other payments or benefits (in whole or in
part) do not constitute parachute payments, or such excess parachute payments (in whole or in part)
represent reasonable compensation for services actually rendered within the meaning if Section
280G(b)(4) of the Code in excess of the base amount within the meaning of Section 280G(b)(3) of the
Code, or are otherwise not subject to the Excise Tax, (b) the amount of the Total Payments which
shall be treated as subject to the Excise Tax shall be equal to the lesser of (1) the total amount
of the Total
Payments or (2) the amount of excess parachute within the meaning of Section 280G(b)(1) (after
applying paragraph (a), above), and (c) the value of any non-cash benefits or any deferred payment
or benefit shall be determined by the Employer’s independent auditors in accordance with the
principles of Sections 280G(b)(3) and (4) of the

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Code. For purposes of determining the amount of the Gross-Up Payment, Employee shall be deemed
to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar
year in which the Gross-Up Payment is to be made and state and local income taxes at the highest
marginal rate of taxation in the state and locality of Employee’s residence on the Effective Date,
net of the maximum reduction in federal income taxes, which could be obtained from deduction of
such state and local taxes. In the event that the Excise Tax is subsequently determined to be less
than the amount taken into account hereunder at the time of termination of Employee’s employment,
Employee shall repay to the Employer at the time the amount of such reduction in Excise Tax is
finally determined the portion of the Gross-Up Payment attributable to such reduction (plus the
portion of the Gross-Up Payment attributable to the Excise Tax and federal, state and local income
tax imposed on the Gross-Up Payment being repaid by Employee if such repayment results in a
reduction in Excise Tax and/or a federal, state and local income tax deduction) plus interest on
the amount of such repayment at the rate provided in Section 1274(b)(2)(B) of the Code. In the
event that the Excise Tax is determined to exceed the amount taken into account hereunder at the
time of the termination of Employee’s employment (including by reason of any payment the existence
or amount of which cannot be determined at the time of the Gross-Up Payment), Employer shall make
an additional gross-up payment in respect of such excess (plus any interest payable with respect to
such excess) at the time that amount of such excess is finally determined.

     Payments to the Employee under paragraphs 1 and 2 shall be bifurcated into two portions, consisting
of the portion, if any, that includes the maximum amount of the payments that does not constitute
“nonqualified deferred compensation” within the meaning of Section 409A of the Code, and the
portion, if any, that includes the excess of the Total Payments that does constitute nonqualified
deferred compensation. Payments hereunder shall first be made from the portion that does not
consist of nonqualified deferred compensation until such portion is exhausted and then shall be
made from the portion that does constitute nonqualified deferred compensation. Notwithstanding the
foregoing, if the Employee is a “specified employee” as defined in Section 409A(a)(3)(B)(i) of the
Code, the commencement of the delivery of the portion that constitutes nonqualified deferred
compensation will be delayed to the date that is 6 months and one day after the Employee’s
termination of employment (the “Earliest Payment Date”). Any payments that are delayed pursuant to
the preceding sentence shall be paid pro rata during the period beginning on the Earliest Payment
Date and ending on the date that is 6 months following the Earliest Payment Date. The determination
of whether, and the extent to which, any of the payments to be made to Employee hereunder are
nonqualified deferred compensation shall be made after the application of all applicable exclusions
under Treasury Reg. § 1.409A-1(b)(9). Any payments that are intended to qualify for the exclusion
for separation pay due to involuntary separation from service set forth in Treasury Regulation §
1.409A-1(b)(9)(iii) must be paid no later than the last day of the second taxable year of the
Employee following the taxable year of the Employee in which Employee’s termination of employment
occurs.

     3. Employer will deduct and withhold from the payments described in this Agreement federal, state
and local income taxes and other deductions and withholdings that are required by applicable law to
be deducted and withheld from wage payments to
employees.

     4. Employee understands that he has ceased to be an employee of Employer as of the Termination Date
and that, except as provided in this Agreement, Employer’s obligations under

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the Separation Agreement and Employment Agreement terminated effective as of the Termination Date.
Because Employee will no longer be employed by Employer after the Termination Date, Employee will
not be entitled to nor will Employee accrue or receive any further salary, benefits, ESPP and 401K
participation, vacation pay, sick pay, paid personal leave, severance pay, bonuses of any kind,
country club reimbursement, wages in lieu of notice, expense reimbursement or any other payment or
compensation from Employer, other than base salary and accrued vacation owed through the
Termination Date and the payments described in this Agreement, including in respect of any
Unreleased Claims. For the avoidance of doubt, Employee is entitled to $13,461.54 for his accrued
but unused vacation time in accordance with Employer’s policy relating to vacation accrual and
usage, and nothing in this Agreement shall prevent him from receiving fees, equity awards and other
compensation and benefits from Employer in his capacity as a director on and following the
Termination Date.

     5. As a material inducement to Employer to enter into this Agreement, Employee and Employee’s
heirs, administrators, and executors (collectively, “Employee’s Persons”) voluntarily, knowingly
and unconditionally waive, release and discharge Employer, and each of its predecessors,
successors, subsidiaries, employees, trustees, officers, directors, plan administrators, assigns,
insureds, agents and attorneys (collectively, “Employer’s Released Persons”), from all claims,
liabilities, demands and causes of action, known or unknown, fixed or contingent, that Employee
and/or Employee’s Persons may have or claim to have against any of Employer’s Released Persons
arising out of or related to the Employment Agreement, the Separation Agreement or any matter,
event, fact, act, omission, cause or thing which existed, arose or occurred prior to Employee
signing this Agreement, in each case other than the “Unreleased Claims.” The “Unreleased Claims”
are: (i) the payments, benefits and rights specifically provided for in this Agreement, (ii)
Employee’s rights to coverage under any policy of directors and officers insurance, (iii)
Employee’s right to indemnification (including advances) under applicable law, the indemnification
agreement, dated _________, _____ by and between Employer and Employee (the “Indemnification
Agreement”), the by-laws, the certificate or articles of incorporation or other governing documents
of Employer or any affiliate, state law, and any other agreement between Employee and Employer or
any affiliate and (iv) all rights, claims and privileges of Employee in his capacity as a member of
the Board. Except to the extent constituting an Unreleased Claim, Employee’s waiver and release in
this Section 5 includes, but is not limited to:

          a. claims arising under any federal, state or local laws, including, without limitation, Title VII
of the Civil Rights Act of 1964, the Older Workers Benefit Protection Act (“OWBPA”), the Age
Discrimination in Employment Act (“ADEA”), the Americans with Disabilities Act, the Civil Rights
Act of 1991, the Equal Pay Act, the Employee Retirement Income Security Act, the Consolidated
Omnibus Budget Reconciliation Act of 1985, the Family and Medical
Leave Act (“FMLA”), the Fair
Credit Reporting Act, the National Labor Relations Act, the New York Labor Law, the New York Wage
and Hour Law, the New York Executive Law, the New York Human Rights Law, the New York Civil Rights
Law and if applicable, the New York City Human Rights and Labor Law;

          b. claims for breach of contract, express or implied, including any claims for breach of any
implied covenant of good faith and fair dealing and claims under the Employment

-5-

 

Agreement or the Separation Agreement that are not reserved herein (and other than any Unreleased
Claim);

          c. any tort claims, including, without limitation, any claims for personal injury, harm or damages,
whether the result of intentional, unintentional, negligent, reckless or grossly negligent acts or
omissions;

          d. any claims for harassment, discrimination, wrongful discharge or any claims arising out of any
legal restrictions on Employer’s right to terminate employees; and

          e. any claims for attorneys’ fees or legal costs or expenses in connection with any legal claim,
except to the extent arising out of any Unreleased Claim or as specifically set forth herein.

          Employee warrants that Employee has not filed any lawsuit or arbitration, and is not a party to any
lawsuit or arbitration, filed prior to execution of this Agreement against Employer or Employer’s
Released Persons. In the event that there is outstanding any charge, complaint or action, Employee
agrees to immediately withdraw or dismiss such with prejudice.

     Employee further affirms that Employee has no known workplace injuries or occupational diseases and
has been provided and/or has not been denied any leave requested under the FMLA. Employee further
states and affirms that Employee has received all wages and other compensation due to date (other
than those set forth in this Agreement). In addition, Employee and Employee’s Persons specifically
waive all rights and benefits afforded by any state laws that provide in substance that a general
release does not extend to claims which a person does not know or suspect to exist in Employee’s
favor at the time of executing a release. However, Employee and Employee’s Persons are not waiving
rights or claims under the OWBPA or the ADEA that may arise after the date Employee signs this
Agreement. Nothing herein is intended to or shall preclude Employee from filing a complaint and/or
charge with any appropriate federal, state or local government agency and/or cooperating with said
agency in its investigation. Employee and Employee’s Persons, however, agree that Employee shall
not be entitled to receive any relief, recovery or monies in connection with any such complaint or
charge brought against Employer, without regard to who brought any said complaint or charge.
Notwithstanding the generality of this paragraph, nothing herein shall be construed to cause
Employee to release any Unreleased Claims.

     As a material inducement to Employee to enter into this Agreement, Employer, on behalf of itself
and its subsidiaries and each of their respective employees, officers, directors and owners,
voluntarily, knowingly and unconditionally waives, releases and discharges Employee and the
Employee Persons from all claims, liabilities, demands and causes of action, known or unknown,
fixed or contingent, that Employer may have or claim to have against Employee or any Employee
Persons arising out of or related to the Employee’s employment with the Employer or any other
matter, event, fact, act omission, cause or thing which existed, arose or occurred prior to and
including the date of execution of this Agreement, other than claims for (i) gross negligence, (ii)
fraud or (iii) willful misconduct (clauses (i), (ii) and (iii), collectively, the “Employer
Unreleased Claims”), except, with respect Employer Unreleased Claims where the Employee acted in
good faith and in a manner the Employee reasonably believed to be in or not

-6-

 

opposed to the best interests of Employer, in which case such claims shall be waived, released
and discharged and not be deemed to be Employer Unreleased Claims. For the avoidance of doubt, the
Employer Unreleased Claims described in clauses (i) through (iii) of the preceding sentence are not
being waived, released or discharged by Employer or its subsidiaries and each of their respective
employees, officers, directors and owners. Employer acknowledges that it does not currently intend
to file any lawsuit against Employee based on any facts of which its Board of Directors has actual
knowledge as of the date of this Agreement in respect of any event, act, omission or other matter,
including any event, act, omission or matter that would constitute an Employer Unreleased Claim.

     6. As a further material inducement to the parties to enter into this Agreement, the parties agree
as follows:

          a. Except as provide in paragraph 1(d) of this Agreement, Employee shall immediately return and
leave in the possession of Employer all information, papers, documents, writings, computers, keys,
security cards, credit cards, computer disks and files, passwords and any other property or
information belonging to Employer or any parent, subsidiary or affiliate of Employer which is in
Employee’s possession or control, and all hard and electronic copies thereof; provided that nothing
shall prohibit Employee from retaining any information or property that he received and is entitled
to retain in his capacity as a member of the Board. All such property and information shall at all
times remain the property of Employer or the applicable parent, subsidiary or affiliate of
Employer.

          b. Employee hereby acknowledges that, during the course of his employment with Employer, he has
become familiar with Employer’s trade secrets and other confidential information including
technical and business information furnished to Employee by Employer regardless of whether such
information is specifically designated as confidential and regardless of whether such information
is in written, oral, electronic, or other form (the “Confidential Information”). Such Confidential
Information may include, without limitation, trade secrets, know-how, inventions, technical data or
specifications, computer programs, source code, programmers’ notes, testing methods, business
plans, financial information, financial projections, research and development activities, product
and marketing plans, and customer and supplier information. Employee agrees that Employee shall
maintain all Confidential Information in strict confidence and shall not: utilize, disclose,
reproduce, derivate, reverse engineer, modify, display, or transmit the Confidential Information in
any way or manner; provided, that, nothing shall prohibit Employee from takeing the above actions
in respect of information generally available to and known by the public or information that is or
becomes available to Employee on a non-confidential basis from a source other than Employer (or any
of its affiliates) or Employer’s stockholders, directors, officers, employees or agents (other than
as a result of a breach of any obligation of confidentiality).

          c. Employee acknowledges and agrees that Employer would be irreparably damaged if he were to
provide services to or otherwise participate in the business of any person or entity
directly competing with Employer and that any such competition or provision of services by Employee
would result in a significant loss of goodwill by Employer. Therefore, Employee agrees that for a
period of twelve (12) months following execution of this Agreement (“Noncompete Period”) he will
not, within the North American market, directly or indirectly,

-7-

 

own any interest in, manage, control, participate in (whether as an officer, director, employee,
partner, agent, representative or otherwise), consult with, render services for, or in any other
manner engage in any business directly competing with the business of Employer as such businesses
exist as of the Effective Date; provided, that Employee will not be restricted from being a passive
owner of not more than five percent (5%) of the outstanding common stock, capital stock and equity
of any firm, corporation or enterprise so long as Employee has no active participation in the
management of the business of such firm, corporation or enterprise and, for so long as Employee has
a direct ownership interest in Employer, Employee shall not be prohibited from engaging in
activities in his capacity as a shareholder of Employer and, for so long as Employee is a director
of Employer, Employee shall not be prohibited from engaging in activities in his capacity as a
director of Employer.

          d. For a period of eighteen (18) months following execution of this Agreement, Employee shall not
(i) induce or attempt to induce any employee of Employer to leave the employ of Employer, (ii) hire
any person who is an employee of Employer at the Effective Date, (iii) solicit or service any
customer, licensee or franchisee of Employer with respect to products or services that are or have
been provided by Employer to such person during the twelve (12) month period prior to the Effective
Date, or (iv) induce or attempt to induce any customer, supplier, licensee, licensor or franchisee
of Employer to cease doing (or reduce its) business with Employer. For the avoidance of doubt,
nothing in this Agreement shall be construed to prohibit Employee from hiring the individual who
served as his administrative assistant immediately prior to the Termination Date.

          e. Employee shall not, at any time, (i) make or publish any untruthful statement (orally or in
writing) that intentionally libels, slanders, disparages or otherwise defaces the goodwill or
reputation (whether or not such disparagement legally constitutes libel or slander) of any of the
Employer or any of the Employer’s Released Persons, or (ii) disparage, discredit, or make any
negative statements or communications or cause a third person to disparage, discredit, or make any
negative statements or communications concerning Employer or Employer’s Released Persons in any
manner, directly or indirectly. Employer shall not, and shall cause its directors, officers,
employees and representatives not to, at any time make or publish any untruthful statement (orally
or in writing) that intentionally libels or slanders the goodwill or reputation of Employee or any
Employee Persons.

          f. Notwithstanding the foregoing Section 6e, nothing in this Section 6 shall prevent any person
from (i) responding publicly to incorrect, disparaging or derogatory public statements to the
extent, but only to the extent, reasonably necessary to correct or refute such public statement, or
(ii) making any truthful statement to the extent, but only to the extent, (w) required by law or by
any court, arbitrator, mediator or administrative or legislative body (including any committee
thereof), (x) reasonably necessary with respect to any proceeding or legal action to enforce this
Agreement, (y) reasonably necessary to fulfill any fiduciary duty or (z) required to comply with
any legal obligation.

          g. At Employer’s reasonable request and at times and in locations, and for amounts of time, agreed
to by Employer and Employee, Employee shall reasonably cooperate with Employer and Employer’s
Released Persons and their respective agents with transition of information or historical
background Employee may have which Employer reasonably needs in

-8-

 

relation to his employment with Employer. Such cooperation shall include, without limitation, any
calls or emails from Employer to Employee in relation to training Employee’s replacement or
transition activities. No compensation will be made for this cooperation other than the payments
identified in paragraphs 1 and 2 above and reasonable and necessary travel-related reimbursements,
if applicable. Employee further covenants that Employee will contact Employer in the event that
there is any subpoena, notice or other instruction directing Employee to appear in any legal
proceeding involving Employer or Employer’s or Employer’s Released Persons’ business.

          h. In the event of a breach or a threatened breach of any of the provisions of this paragraph 6,
the non-breaching party would suffer irreparable harm, and in addition and supplementary to other
rights and remedies existing in its or his favor, the non-breaching party shall be entitled to seek
specific performance and/or injunctive or other equitable relief from a court of competent
jurisdiction in order to enforce or prevent any violations of the provisions hereof. The parties
agree and acknowledge that the restrictions contained in this paragraph 6 are reasonable and
necessary for the protection of the parties and that the parties have reviewed the provisions of
this Agreement with its or his legal counsel.

          i. Employee hereby agrees that each provision in this paragraph 6 shall be treated as a separate
and independent clause, and the unenforceability of any one clause shall in no way impair the
enforceability of any of the other clauses herein. Moreover, if one or more of the provisions
contained in this paragraph 6 shall for any reason be held to be excessively broad as to scope,
activity, subject or otherwise so as to be unenforceable at law, such provision or provisions shall
be construed by the appropriate judicial body by limiting or reducing it or them, so as to be
enforceable to the maximum extent compatible with the applicable law as it shall then appear.

          j. Notwithstanding anything to the contrary in this Agreement, including in this paragraph 6 or in
the description of the released claims in paragraph 5 or in any other agreement between Employer
and Employee, it is expressly understood and agreed that: (a) nothing herein (or in any other
agreement between Employer and Employee) shall prevent, restrict or otherwise impair, in whole or
in part, the right or ability of Employee and his affiliates (which, for purposes of this
Agreement, shall be deemed to include Atlantic Investors, LLC (“Atlantic”)) (collectively with
Employee, the “Employee Affiliates”) to, alone or in concert with others, (i) engage in any
activity described in or contemplated by that certain Amendment No. 11 to the Schedule 13D filed by
Employee and the other reporting persons therein with the Securities and Exchange Commission on
July 12, 2010, including by proposing a modification of the terms of the proposal set forth in the
letter dated July 12, 2010 from Atlantic to the Board, (ii) engage in any activity described in or
contemplated by Items 4(a) through (j) of Schedule 13D, or (iii) make any public filing (e.g., a
Schedule 13D amendment) required under applicable securities laws and regulations; and (b) neither
Employee nor any Employee Affiliate shall have any obligation, hereunder or otherwise, to advise,
discuss or consult with Employer, the Board (or any committee thereof) or any of their respective
representatives in connection with any matter described in clause (a).

          k. The provisions of this Section 6 shall supersede and replace any and all obligations of Employee
in respect of non-competition, non-solicitation, non-disclosure of

-9-

 

confidential information and trade secrets, non-disparagement and cooperation with legal
matters (collectively, the “Existing  Restrictive Covenants”) contained in equity plans, equity agreements, the Employment Agreement, the Separation Agreement
and any other agreement entered into by Employee in favor of Employer or any of its parents or
subsidiaries, or in any other document, arrangement, policy or rule of Employer or any of its
parents or subsidiaries of Employer (the “Covered Arrangements”). In connection with the foregoing, all such Existing Restrictive Covenants and
Covered Arrangements, wherever contained, shall be, and they hereby are, null and void and
terminated without additional or continuing obligation or liability of Employee and shall be
replaced in their entirety with the covenants contained in this Section 6. Notwithstanding the
foregoing, such obligations shall not be superseded to the extent they apply to Employee in his
capacity as a director. For the avoidance of doubt, Employer’s Policy on Trading Public Securities and Public Disclosures (the “Insider Trading Policy”) and any other policy that
applies to members of Employer’s Board shall not be deemed to be an Existing Restrictive Covenant or a Covered Arrangement, and Employee shall remain
subject to such Insider Trading Policy or other such policy in accordance therewith for so long as
he is a member of the Board, except to the extent such policy applies to a former member of the
Board.

     7. Employee acknowledges that he is subject to the Insider Trading Policy and applicable law
regarding purchasing and selling Employer securities while in possession of material, non-public
information or otherwise as set forth in the Insider Trading Policy.

     8. Employee understands that Employee has been given a period of twenty-one (21) days from the
date Employee first receives this Agreement in which to review and consider it, and that Employee
may use as much or as little of this twenty-one-day period as Employee desires. Employee further
understands that Employee has the right to discuss all aspects of this Agreement with an attorney
of Employee’s choosing and that, although whether to consult with an attorney or not is Employee’s
decision, Employer encourages Employee to do so. By signing this
Agreement, Employee acknowledges and agrees that Employee is entering into this Agreement knowingly
and voluntarily, that Employee has used as much, if any, of the twenty-one (21) day period as
Employee desired, and that Employee has availed himself of the right to consult with an attorney to
the full extent Employee desired.

     9. Employee has the right to revoke this Agreement within seven (7) days after signing it.
Revocation can be made only by delivering a written notice of revocation to Employer at the
following address:

Chief Financial Officer

NaviSite, Inc.

400 Minuteman Road

Andover, Massachusetts 01810

For such revocation to be effective, it must be received no later than the close of business on the
seventh day after Employee signs this Agreement; provided, that, such revocation will be effective
if sent via email to Larry Schwartz prior to 11:59 p.m. (New York City time) on the seventh day
after Employee signs this Agreement. This Agreement will not be effective or enforceable until the
revocation period has expired without Employee having exercised

- 10 -

 

Employee’s
right of revocation, specifically not until the eighth (8th) day after the Employee
signs the Agreement and there has been no revocation (the
“Effective Date”).

     10. This Agreement may not be modified, changed or discharged in whole or in part, except by
written instrument signed by both parties hereto.

     11. The validity, interpretation, construction, performance and enforcement of this Agreement
shall be governed by the substantive laws of the state of Delaware applicable to agreements made
and to be performed therein, without regard to principles of conflicts of laws that would cause the
laws of any other jurisdiction to apply. The parties agree that the venue and forum of any dispute
under this Agreement shall be in a court in the state of New York or Delaware, or the federal
courts located in such states, and hereby waive any contention that such forum or venue is not
convenient or valid.

     12. It is the intent of the parties to this Agreement to settle all matters and claims as set
forth in this Agreement. To that end, the parties agree that the releases and agreements contained
herein shall survive and remain in effect regardless of any additional or different facts that each
party may hereafter discover.

     13. If any provision of this Agreement shall be held to be invalid or unenforceable, this
Agreement shall be construed as if that provision had never been contained in the Agreement, and
the remainder of the Agreement shall remain valid and enforceable.

     14. [Intentionally Left Blank]

     15. Employee shall not be required to mitigate the amount of any payments or benefits provided
hereunder and no payment or benefit provided hereunder shall be reduced by any other payment or
benefit Employee may receive from other employment or otherwise.

     16. Employer will pay promptly after the Effective Date the first $5,000 of documented,
reasonable legal fees and expenses (based on standard hourly rates) of legal counsel representing
Employee in connection with the drafting and negotiation of this Agreement.

     17. This Agreement contains all of the understandings and agreements between Employee and
Employer regarding the subject matter hereof, and supersedes all earlier negotiations and
understandings, written or oral, including without limitation the Employment Agreement and the
Separation Agreement. Notwithstanding the foregoing, (a) Employer hereby confirms and acknowledges
that the Indemnification Agreement shall continue to survive in accordance with its terms and that
Employer shall indemnify Employee in accordance with such Indemnification Agreement and all other
commitments of Employer set forth in Employer’s by-laws, certificate or articles of incorporation, and in the by-laws, certificate or
articles of incorporation or other governing documents of any affiliate or subsidiary of Employer,
and in any other agreement between Employee and Employer or any of its affiliates or subsidiaries
and to the fullest extent permitted by applicable law, it being acknowledged and agreed that
Employer shall interpret and/or apply any provision of applicable law or any governing document
relating to indemnification (including advancement of expenses) with respect to
Employee in a manner consistent with how such provisions are interpreted and applied by
Employer to then active executive officers of Employer, (b) Employee shall be covered under

- 11 -

 

Employer’s
directors’ and officers’ liability insurance policies in
effect from time to time on the same basis that other directors and officers are covered and
(c) Section 4 of the Separation Agreement shall survive, as shall all other provisions of the
Separation Agreement necessary to give effect to Section 4. Employer shall require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of Employer to assume and agree to perform this
Agreement in the same manner and to the same extent that Employer would be required to perform it
if no such succession had taken place.

     18. All notices, requests, demands and other communications hereunder shall be in writing and
shall be deemed to have been duly given if delivered by hand or mailed, certified or registered
mail, return receipt requested, with postage prepaid, to the following addresses or to such other
address as either party may designate by like notice:

	 	a.	 	If to Employee, to:
	 
	 	 	 	Arthur P. Becker

654 Madison Avenue

New York, NY 10065
	 
	 	b.	 	If to Employer, to:
	 
	 	 	 	NaviSite, Inc.

400 Minuteman Road

Andover, MA 01810

Attention: Chief Financial Officer
	 
	 	 	 	With a copy to:
	 
	 	 	 	BRL Law Group LLC

425 Boylston Street, Third Floor

Boston, MA 02116

Attention: Thomas B. Rosedale

and to such other or additional person or persons as either party shall have designated to the
other party in writing by like notice.

     19. Employee represents and agrees that Employee has thoroughly read this Agreement in its
entirety, that Employee has had reasonable time to consider its terms, that
Employee has been provided with the opportunity to consult with
counsel of Employee’s choosing and has done so, that Employee fully understands all
of its terms, that Employee has not relied upon any representations, promises or statements, oral
or written, that are not set forth in this Agreement, and that Employee is entering into this
Agreement on a voluntary basis.

     20. Employer represents and warrants to Employee that (i) the execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated hereby have
been duly and validly authorized and approved on behalf of Employer by the Board and

- 12 -

 

that all corporate action required to be taken by Employer for the execution, delivery and
performance of this Agreement has been duly and effectively taken; (ii) the
officer signing this Agreement on behalf of Employer is duly authorized to do so; (iii) the
execution, delivery and performance of this Agreement by Employer does not
violate any applicable law, regulation, order, judgment or decree or any agreement, plan or
corporate governance document to which Employer is a party or by which it is bound; and (iv) upon
execution and delivery of this Agreement by the parties, it shall be a valid and binding obligation
of Employer enforceable against it in accordance with its terms.

     21. This Agreement may not be amended except by mutual written agreement of
Employee and an authorized officer of Employer. No waiver by any party to this
Agreement at any time of any breach by the other party of, or compliance with, any
condition or provision of this Agreement to be performed by such other
party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at
any prior or subsequent time. Any waiver to be effective must be in writing and signed by the party
against whom it is being enforced. Neither this Agreement, nor any of the parties’ respective
rights and obligations hereunder, may be assigned or delegated, in whole in part,
directly or indirectly, by purchase, merger, consolidation or otherwise, without the prior written
consent of the other party unless to the party in the applicable transaction that is the successor
to the business of Employer.

     22. This Agreement may be executed in one or more counterparts, including by fax or
PDF, each of which shall he deemed to be an original but all of which together shall
constitute one and the same instrument.

	 	 	 	 	 
	 	EMPLOYEE

/s/ Arthur P. Becker

Arthur P. Becker

Date 

NAVISITE, INC.

 	 
	 	By:  	/s/
James W. Pluntze	 
	 	 	Title: CFO	 
	 	 	Date: 9/20/10 	 

-13-

 

Annex A

	1.	 	NAVISITE, INC. Amended and Restated 1998 Equity Incentive Plan
Non-Statutory Stock Option Agreement, between Employer and Employee,
dated July 10, 2003
	 
	 	 	•  40,000 Stock Options
	 
	2.	 	NAVISITE, INC. Non-Statutory Stock Option Agreement, Granted Under Amended
and Restated 2003 Stock Incentive Plan, between Employer and Employee, dated
December 9, 2003
	 
	 	 	•  60,000 Stock Options
	 
	3.	 	NAVISITE, INC. Non-Statutory Stock Option Agreement, Granted Under Amended
and Restated 2003 Stock Incentive Plan, between Employer and Employee, dated
January 30, 2004
	 
	 	 	•  400,000 Stock Options
	 
	4.	 	NAVISITE, INC. Non-Statutory Stock Option Agreement, Granted Under Amended
and Restated 2003 Stock Incentive Plan, between Employer and Employee, dated
April 1, 2005
	 
	 	 	•  500,000 Stock Options
	 
	5.	 	NAVISITE, INC. Non-Statutory Stock Option Agreement, Granted Under Amended
and Restated 2003 Stock Incentive Plan, between Employer and Employee, dated
February 17, 2006
	 
	 	 	•  103,125 Stock Options
	 
	6.	 	NAVISITE, INC. Restricted Stock Agreement, Granted Under Amended
and Restated 2003 Stock Incentive Plan, between Employer and Employee, dated
August 21, 2007
	 
	 	 	•  131,640 Stock Options
	 
	7.	 	NAVISITE, INC. Non-Statutory Stock Option Agreement, Granted Under Amended
and Restated 2003 Stock Incentive Plan, between Employer and Employee, dated
June 15, 2010
	 
	 	 	•  100,000 Stock Options
	 
	8.	 	NAVISITE, INC. Restricted Stock Agreement, Granted Under Amended
and Restated 2003 Stock Incentive Plan, between Employer and Employee, dated
July 22, 2008
	 
	 	 	•  277,000 Stock Options

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