Document:

Form of stock option agreement for 2000 and 2002 Stock Option Plan

 EXHIBIT 10.4 
  
 BAKBONE SOFTWARE INCORPORATED 
 STOCK OPTION AGREEMENT 
  
 Date of
Agreement: 
  
 BETWEEN BAKBONE SOFTWARE INCORPORATED, a body corporate,
with an office in the City of Calgary, in the Province of Alberta (hereinafter called “the Corporation”) and 
  
 Name of Optionee: 
  
 (hereinafter called the “Optionee”)                
  
 As the Optionee is a full-time employee, director or officer of the Corporation or a consultant to the Corporation or a subsidiary of the
Corporation and the Committee considers its appropriate to grant an option to the Optionee under the Corporation’s Share Option Plan; 
  
 For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Corporation hereby grants to the Optionee an option, irrevocable
unless otherwise terminated pursuant to the terms of this Agreement, to purchase that number of common shares of the Corporation (the “Optioned Shares”) set forth below at, subject to adjustment the Optioned Shares at, subject to
adjustment pursuant to Section 6, $ 1.90 Canadian      (the “Exercise Price”) until the Expiration Time subject to and upon the terms and conditions set forth herein (including, without limitation, those
terms and conditions attached hereto and forming part hereof). 
  

					
	Optioned Shares	 	Vesting Provisions	 	Expiration Date

  
  
 SIGNED, SEALED AND DELIVERED 
 in the presence of: 
  

			
	
	 	

	 Witness as to the signature
 of the Optionee
	 	 (Optionee)

	 	 	

	 	 	 (address, including postal code)

	 	 	  

  
 BAKBONE SOFTWARE INCORPORATED

  

			
	 Per:
	 	  

  

			
	 Reserved for office use only:
	 	Option Number:

 BAKBONE SOFTWARE INCORPORATED 
  
 STOCK OPTION AGREEMENT 
  
 TERMS AND CONDITIONS 
  
 The following terms and conditions are attached to and form part of the grant of options to the Optionee by BakBone Software Incorporated. 
  

	1.	In this Agreement, unless the context otherwise requires: 

  
 “Board of Directors” means the board of directors of the Corporation, or any committee thereof empowered in respect of the matter
referred to; 
  
 “Business Day” means a day on
which Canadian chartered banks are open for business in the City of Calgary; 
  
 “Common Shares” means the common shares in the capital of the Corporation as constituted on the date hereof provided that after any adjustment pursuant to Section 6, the term “Common Shares”
shall be interpreted to mean the shares, or other securities or property, the Optionee is entitled to receive upon the exercise of the Option; 
  
 “Current Market Price” in respect of a Common Share at any date means the weighted average price per share for Common Shares for any 20
consecutive trading days (selected by the Board of Directors) commencing not more than 30 trading days before such date on the Exchange (or on any other Canadian stock exchange on which the Common Shares shall then be listed and designated by the
Board of Directors for such purpose if the Common Shares shall not then be listed on the Exchange); the weighted average price shall be determined by dividing the aggregate of the sale prices of all such shares sold on the said exchange or market,
as the case may be, during the said 20 consecutive trading days by the total number of such shares so sold; or if: 
  

	 	i.	the Common Shares are not listed upon a stock exchange in Canada; or 

  

	 	ii.	within such 20 consecutive trading days there have not been at least five days in which at least 100 Common Shares have traded, 

  
 the Current Market Price in respect of a Common Share shall be determined by
the Board of Directors acting reasonably and in good faith; 
  
 “Exchange” means The Canadian Venture Exchange provided that if the Common Shares at the relevant time are listed and posted for trading on The Toronto Stock Exchange, than any reference herein to the “Exchange”
shall mean The Toronto Stock Exchange; 
  
 “Expiration
Time” means 4:00 p.m. (Calgary time) on the Expiration Date; 
  
 “Option” means the option to purchase Optioned Shares granted pursuant to this Agreement upon the terms and conditions herein provided; and 
  
 “Voting Shares” means voting shares, within the meaning of the Securities Act (Alberta), of the
Corporation. 
  

 2 

	2.	The Option may be exercised by the Optionee for any vested Optioned Shares at any time after the applicable Vesting Date (as set out on the face page of this agreement) with respect
to such Optioned Shares and prior to the Expiration Date, unless earlier terminated in accordance with Section 4 or 5. 

  

	3.	The Option shall be exercisable by notice in writing given by the Optionee, or the Optionee’s legal personal representative, to the Corporation specifying the number of
Optioned Shares in respect of which it is exercised and accompanied by payment in cash or by cheque in an amount equal to the Exercise Price on the date of such exercise for each of the Optioned Shares specified in such notice. Upon any such
exercise of the Option as aforesaid, the Corporation shall forthwith cause the transfer agent and registrar of the Corporation to deliver to the Optionee, or the Optionee’s legal personal representative (or as such person may otherwise direct
in the notice of the exercise of the option), within 5 days following receipt of the Corporation of any such notice of exercise and payment, a certificate or certificates in the name of the Optionee or the Optionee’s nominee representing in the
aggregate the number of Optioned Shares the Optionee or the Optionee’s legal personal representative shall have then paid for. 

  

	4.	If the Optionee shall retire or be terminated without cause from the Corporation’s service or the service of a subsidiary of the Corporation, as the case may be, the Option
shall terminate and become null and void in respect of any Optioned Shares in respect of which the Option is not exercised on or before the earlier of the Expiration Time and 4:00 p.m. (Calgary time) on that date which is 60 days after the date of
such retirement or termination. 

  
 If the Optionee
shall resign or be terminated with cause from the Corporation’s service or the service of a subsidiary of the Corporation, as the case may be, the Option shall terminate and become null and void in respect of any Optioned Shares in respect of
which the Option is not exercised on or before the earlier of the Expiration Time and 4:00 p.m. (Calgary time) on that date which is 30 days after the date of such resignation or termination. In connection with the foregoing, there shall be no early
vesting of the Optioned Shares, and the Optionee shall only be entitled to exercise those shares which have vested. 
  
 For clarity, no termination by the Corporation, either with or without cause, shall cause an early vesting of the Options unless specifically agreed to by
the Corporation (and the parties acknowledge that the Corporation shall have no obligation to agree to the same). 
  

	5.	In the event of the death of the Optionee occurring prior to the Expiration Time while the Optionee is still in the service of the Corporation or the service of a subsidiary of the
Corporation, as the case may be, the Optionee’s legal personal representative shall have the right to exercise the Option to purchase any Optioned Shares which the Optionee would have been entitled to purchase under the terms of this Agreement
at the time of the Optionee’s death but the Option hereby granted shall terminate and become null and void in respect of any Optioned Shares not purchased by the Optionee or the Optionee’s legal personal representative on or before the
earlier of the Expiration Time and 4:00 p.m. (Calgary time) on that date which is six months after the date of the death of the Optionee. In connection with the foregoing, the Optioned Shares shall vest in full (100%) immediately after the date of
death. In the event the Optionee is medically determined disabled, defined as if you are, for six consecutive months, unable to attend work and perform normal and regular duties as a result of a physical and/or mental disability, shall have the
right to exercise the Option to purchase any Optioned Shares which the Optionee would have been entitled to purchase under the terms of this Agreement at the time of the Optionee’s disability but the Option hereby granted shall terminate and
become null and void in respect of any Optioned Shares not purchased by the Optionee or the Optionee’s legal personal representative on or before the earlier of the Expiration Time and 4:00 p.m. (Calgary time) or that date which is seven months
after the date of the disability of the Optionee. In connection with the foregoing, the Optioned Shares shall vest in full (100%) six months after the date of disability. 

  

 3 

	6.	The rights pursuant to the Option in effect at any date shall be subject to adjustment from time to time as follows: 

  

	 	a.	If and whenever, at any time after the date hereof and prior to the Expiration Date, the Corporation shall: 

  

	 	i.	subdivide the outstanding Common Shares into a greater number of Common Shares; 

  

	 	ii.	consolidate the outstanding Common Shares into a lesser number of Common Shares; or 

  

	 	iii.	issue Common Shares (or securities convertible into or exchangeable for Common Shares) to the holders of all or substantially all of the outstanding Common Shares by way of a stock
dividend (other than the issue of Common Shares or securities convertible into or exchangeable for Common Shares to such holders who exercise an option to receive equivalent dividends in Common Shares (or securities convertible into or exchangeable
for Common Shares) in lieu of receiving cash dividends); 

  
 the Exercise Price shall, on the effective date of such subdivision or consolidation or on the record date of such stock dividend, as the case may be, be adjusted to that amount which is in the same proportion to the Exercise Price in
effect immediately prior to such subdivision, consolidation or stock dividend as the number of outstanding Common Shares before giving effect to such subdivision, consolidation or stock dividend bears to the number of outstanding Common Shares after
giving effect to such subdivision, consolidation or stock dividend (including in the case where securities convertible into or exchangeable for Common Shares are issued, the number of Common Shares which would have been outstanding had such
securities been converted into or exchanged for Common Shares on such effective or record date). Such adjustment shall be made successively whenever any event referred to in this subsection shall occur, and any such issue of Common Shares by way of
a stock dividend shall be deemed to have been made on the record date for the stock dividend for the purpose of calculating the number of outstanding Common Shares under subsections b. and c. of this Section. 
  

	 	b.	If and whenever, at any time after the date hereof and prior to the Expiration Date, the Corporation shall: 

  

	 	i.	fix a record date for the issuance of rights, options or warrants to all or substantially all the holders of the outstanding Common Shares entitling them, for a period expiring not
more than 45 days after such record date, to subscribe for or purchase Common Shares (or securities convertible into or exchangeable for Common Shares); or 

  

	 	ii.	issue Common Shares (or securities convertible into or exchangeable for Common Shares) (otherwise than as described in paragraph i. above); 

  
 at a price per share (or having a conversion or exchange price per share)
less than 90% of the Current Market Price on such record date or date of issue, the Exercise Price shall be adjusted immediately after such record date or date of issue so that it shall equal the price determined by multiplying: 
  

	 	(1)	the Exercise Price in effect on such record date or date of issue, by 

  

	 	(2)	a fraction, of which: 

  

 4 

	 	(a)	the numerator shall be the total number of Common Shares outstanding on such record date or date of issue plus the number arrived at by dividing the aggregate price of the total
number of additional Common Shares offered for subscription or purchase or issue (or the aggregate conversion or exchange price of the convertible securities so offered or issued) by such Current Market Price, and 

  

	 	(b)	the denominator shall be total number of Common Shares outstanding on such record date or date of issue plus the total number of additional Common Shares offered for subscription or
purchase or issue (or into which the convertible or exchangeable securities so offered or issued are convertible or exchangeable); 

  
 any Common Shares owned by or held for the account of the Corporation or any subsidiary of the Corporation shall be deemed not be outstanding for the
purpose of any such computation; such adjustment shall be made successively whenever such a record date is fixed or issue occurs; to the extent that any rights, options or warrants are not so issued or any such rights, options or warrants are not
exercised prior to the expiration thereof, the Exercise Price shall then be readjusted to the Exercise Price which would then be in effect based upon the number and aggregate price of Common Shares (or securities convertible into or exchangeable for
Common Shares) actually issued upon the exercise of such rights, options or warrants, as the case may be. 
  

	 	c.	If and whenever, at any time after the date hereof and prior to the Expiration Date, the Corporation shall fix a record date for the making of a distribution to all or substantially
all the holders of its outstanding Common Shares of: 

  

	 	i.	shares of any class other than Common Shares (or securities convertible into or exchangeable for Common Shares), whether of the Corporation or any other corporation;

  

	 	ii.	rights, options or warrants (excluding those referred to in subsection (b)’ whether or not exercisable at a price per Common Share (or having a conversion or exchange price per
Common Share) less than 90% of the Current Market Price); 

  

	 	iii.	evidences of its indebtedness; or 

  

	 	iv.	assets (excluding cash dividends not, together with cash dividends declared in the twelve months preceding the record date for payment of such cash dividends, exceeding 5% of the
Current Market Price on such record date); 

  

	 	v.	assets (excluding cash dividends not, together with cash dividends, declared in the twelve months preceding the record date for payment of such cash dividends, exceeding 5% of the
Current Market Price on such record date); 

  
 then, and in each such case, the Exercise Price shall be adjusted immediately after such record date so that it shall equal the price determined by multiplying: 
  

	 	(1)	the Exercise Price in effect on such record date, by 

  

	 	(2)	a fraction, of which: 

  

 5 

	 	(a)	the numerator shall be the Current Market Price on such record date multiplied by the total number of Common Shares outstanding on such record date, less the aggregate fair market
value (as determined by the Board of Directors, which determination shall be conclusive) of such shares, rights, options, warrants, evidences of indebtedness or assets so distributed, and 

  

	 	(b)	the denominator shall be the total number of Common Shares outstanding on such record date multiplied by such Current Market Price; 

  
 any Common Shares owned by or held for the account of the Corporation or
any subsidiary of the Corporation shall be deemed not to be outstanding for the purpose of any computation; such adjustment shall be made successively whenever such a record date is fixed; to the extent that such distribution is not so made, the
Exercise Price shall then be readjusted to the Exercise Price which would then be in effect if such record date had not been fixed or to the Exercise Price which would then be in effect based upon such shares, rights, options, warrants, evidences of
indebtedness or assets actually distributed, as the case may be. 
  

	 	d.	If and whenever, at any time after the date hereof and prior to the Expiration Date, there shall be any reclassification of the Common Shares or change of the Common Shares into
other shares, or a consolidation, amalgamation or merger of the Corporation with or into any other corporation (other than a consolidation, amalgamation or merger which does not result in any reclassification of the outstanding Common Shares or a
change of the Common Shares into other shares), or a transfer of the undertaking or assets of the Corporation as an entirety to another person, the Optionee upon thereafter exercising the right to purchase Common Shares hereunder shall be entitled
to receive, and shall accept, in lieu of the number of Common Shares to which the Optionee was theretofore entitled upon such exercise, the kind and amount of shares and other securities or property which the Optionee would have been entitled to
receive as a result of such reclassification, change, consolidation, amalgamation, merger or transfer if, on the effective date thereof, the Optionee had been the registered holder of the number of Common Shares to which the Optionee was theretofore
entitled upon such exercise. 

  

	 	e.	If necessary, appropriate adjustments shall be made in the application of the provisions set forth in this Section 6 with respect to the rights and interest thereafter of the
Optionee to the end that the provisions set forth in this Agreement shall thereafter correspondingly be made applicable as nearly as may reasonably be possible in relation to any shares or other securities or property thereafter deliverable upon the
exercise of the Option. Any such adjustment shall be made by and set forth in an amendment hereto approved by the Corporation and by the Optionee and shall for all purposes conclusively be deemed to be an appropriate adjustment The subdivision or
consolidation of the Common Shares at any time outstanding into a greater or lesser number of Common Shares shall be deemed not to be a reclassification of the capital of the Corporation for the purposes of this Section. 

  

	 	f.	If and whenever, at any time after the date hereof and prior to the Expiration Date, the Common Shares shall be subdivided into a greater or consolidated into a lesser number of
shares, or the Corporation shall issue Common Shares as a stock dividend of the nature referred to in paragraph iii. of subsection a., the Optionee who has not exercised all of the rights of purchase pursuant to the Option on or prior to the
effective date or record date, as the case may be, of such subdivision, consolidation or stock dividend, upon the exercise of such right thereafter, shall be entitled to receive and shall accept in lieu of the number of Common Shares which would
otherwise then have been subscribed 

  

 6 

 for by the Optionee, but for the same aggregate consideration payable therefor, the aggregate number of
Common Shares that the Optionee would have been entitled to receive as a result of such subdivision, consolidation or stock dividend if, on such record date or effective date thereof, the Optionee had been the registered holder of the number of
Common Shares to which the Optionee was previously entitled upon such exercise. 
  

	 	g.	If the purchase price provided for in any right, warrant or option issued as described in subsection b. or c. is decreased, or the price at which shares are issued as described in
subsection a. is decreased or the rate of conversion or exchange at which any convertible or exchangeable securities which are issued as described in subsection a. is increased, the Exercise Price shall forthwith be changed so as to decrease the
Exercise Price to such Exercise Price as would have obtained had the adjustment made in connection with the issuance of all such rights, options or securities been made upon the basis of such purchase price as so decreased or such rate as so
increased, provided that the provisions of this subsection shall not apply to any such increase or decrease resulting from provisions in any such rights, options or securities intended to prevent dilution if such increase or decrease shall not have
been proportionately greater than the decrease, if any, in the Exercise Price to be made at the same time pursuant to the provisions of this Section 6. 

  

	 	h.	No adjustment in the Exercise Price shall be required unless such adjustment would result in a change of at least 10% in the Exercise Price then in effect, provided, however, that
any adjustments which, except for the provisions of this Section 6 would otherwise have been required to be made, shall be carried forward and taken into account in any subsequent adjustment. 

  

	 	i.	No adjustment in the Exercise Price shall be made in respect of any event described in subsections a.iii., b. or c. if the Optionee is entitled to participate in such event on the
same terms with the necessary changes in detail as if the Optionee had exercised the Optionee’s rights of purchase pursuant to the Option prior to the effective date or record date of such event. 

  

	 	j.	In determining at any time and from time to time the number of Common Shares outstanding at any particular time for purposes of this Section 6, there shall be included that number
of Common Shares which would be outstanding upon conversion of all convertible securities then outstanding, and upon exercise of all rights, options or warrants then outstanding to purchase Common Shares, and there shall be excluded any Common
Shares (and Common Shares which would be outstanding upon conversion of convertible securities) held by or for the account of the Corporation. 

  

	 	k.	Whenever Common Shares shall have been issued for non-cash consideration in whole or in part, the issue price for such Common Shares shall be determined by the Board of Directors.

  

	 	l.	No adjustment to the Exercise Price shall be made, other than pursuant to subsection a.ii. and subsection m., which would have the effect of increasing the Exercise Price.

  

	 	m.	Upon the expiry of the period for conversion of convertible securities and the exercise period for rights, options or warrants (other than rights, options or warrants in respect of
which they are entitled to participate, as contemplated in subsection i.) to purchase Common Shares or convertible securities, the Exercise Price shall be adjusted to what it would have been if such unconverted convertible securities and unexercised
rights, options or warrants had not been issued. 

  

	 	n.	Notwithstanding subsections c. and k., if a dispute shall at any time arise with respect to any adjustments provided in this Section, such dispute shall be conclusively determined

  

 7 

 by the auditors of the Corporation or if they are unable or unwilling to act, by such firm of independent
chartered accountants as they may select and any such determination shall be binding upon the pates hereto. 
  

	 	o.	The adjustments provided for in this Section in the Exercise Price and in the number or classes of shares which are to be received on the exercise of the option hereby granted are
cumulative. After any adjustment pursuant to this Section, the term “Common Shares” where used in this Agreement shall be interpreted to mean the shares or other securities or property of adjustments pursuant to this Section, the Optionee
is entitled to receive upon the exercise of the Option, and the number of Common Shares indicated in any exercise made pursuant to the Option shall be interpreted to mean the number of shares of all classes which, as a result of all prior
adjustments pursuant to this Section, the Optionee is entitled to receive upon the full exercise of the Option entitling the Optionee to purchase the number of Common Shares so indicated. 

  

	 	p.	No fractional shares or script representing fractional shares shall be issued upon the exercise of any rights pursuant to the Option. To the extent that the Optionee would otherwise
be entitled to a fraction of a Share such right may be exercised only in combination with other rights which in the aggregate entitle the Optionee to purchase a whole number of Common Shares. 

  

	 	q.	If in the opinion of the Board of Directors the provisions of Section 6 are not strictly applicable, or if strictly applicable would not fairly protect the rights of the Optionee in
accordance with the intent and purposes hereof, the Board of Directors shall make any adjustment in such provisions as the Board of Directors deems appropriate for the benefit of the Optionee. 

  

	 	r.	The Corporation covenants with the Optionee that so long as this Agreement remains in force, it will give notice to the Optionee of its intention to fix a record date for any event
referred to in subsection a., b., c. or d. (other than the subdivision, consolidation or reclassification of the Common Shares) which may give rise to an adjustment in the Exercise Price, of its intention to take any action described in subsection
f. or of its intention to fix a record date for the payment of dividends on the Common Shares and, in each case, such notice shall specify the particulars of such event and the record date and/or the effective date for such event; provided that the
Corporation shall only be required to specify in such notice such particulars of such event as shall have been fixed and determined on the date on which such notice is given. Such notice shall be given in each case not less than 14 days prior to
such applicable record date or effective date. 

  

	7.	In the event of: 

  

	 	i.	the sale by the Corporation of all the assets of the Corporation or substantially all the assets of the Corporation; or 

  

	 	ii.	the acquisition (otherwise than pursuant to a formal bid referred to below) by any person of Voting Shares (or other securities of the Corporation having rights of purchase,
conversion or exchange into Voting Shares) which together with securities of the Corporation held by such person, together with persons acting in concert with such person, exceeds 51% of the issued and outstanding Voting Shares (assuming the
purchase, conversion or exchange of such other securities, whether then purchasable, convertible or exchangeable or not, into the highest number of Voting Shares, such person or persons would be entitled to); or 

  

	 	iii.	the amalgamation, arrangement, merger or other consolidation of the Corporation with or into any one or more other corporations, 

  

 8 

	 	b.	pursuant to which a person or company or combination of persons and/or companies thereafter hold a greater number of Voting Shares or other securities of the successor or continuing
corporation having rights of purchase, conversion or exchange into Voting Shares of the successor or continuing corporation (assuming the purchase, conversion or exchange of such other securities whether then purchasable. convertible or exchangeable
or not into the highest number of Voting Shares of the successor or continuing corporation such persons and/or companies would be entitled to) than the number of Voting Shares of the successor or continuing corporation held directly and indirectly
by former shareholders of the Corporation; or 

  

	 	c.	pursuant to which the President of the Corporation immediately prior thereto is not immediately thereafter the President of the successor or continuing corporation; or

  

	 	d.	such other amalgamation, arrangement, merger or other consolidation which, in the opinion of the Board of Directors, should be subject to this section 7 in order to fairly protect
the rights of the Optionee; 

  
 then the Option may
be exercised, notwithstanding Section 2, as to all or any of the Optioned Shares in respect of which the Option has not been exercised on or before the earlier of the Expiration Time and 4:00 p.m. (Calgary time) on that date which is 60 days after
the date of notice to the Optionee of such event. After such date the provisions of this Agreement apart from this section 7 shall reapply with respect to the balance of the Optioned Shares in respect of which the Option has not been exercised
provided that, for the purposes of Section 2, any Optioned Shares purchased pursuant to this subsection shall be deemed to have been the Optioned Shares in respect of which the Optionee could have exercised the Option earliest. 
  

	 	e.	In the event of a bona fide offer (within the meaning of the Securities Act (Alberta)) being made to acquire outstanding Voting Shares or other securities of the Corporation
having rights of purchase, conversion or exchange into Voting Shares which together with securities of the Corporation held by the offeror, together with persons acting jointly or in concert with the offeror, will exceed 51% of the issued and
outstanding Voting Shares (assuming the purchase, conversion or exchange of such other securities, whether then purchasable, convertible or exchangeable or not, into the highest number of Voting Shares such offeror and other persons, if any, would
be entitled to) in respect of which bid the Board of Directors recommended acceptance of the bid, then the Corporation shall give notice of such bid to the Optionee immediately upon becoming aware of such bid and in any event at least 14 days before
the expiration of such bid. Subject to the condition subsequent set forth below, the Optionee shall have the right, whether or not such notice is given to the Optionee by the Corporation, to exercise the Option, notwithstanding Section 2, as to all
or any of the Optioned Shares in respect of which the Option has not been exercised on or before the earlier of the Expiration Date and the expiration of the bid provided, however, that such exercise shall only be for the purpose of tendering such
shares pursuant to such bid. The foregoing right is subject to the condition that if for any reason such shares are not so tendered or, if tendered, are not for any reason taken up and paid for by the offeror pursuant to the bid, the Option
respecting any such shares shall be deemed not to have been exercised, any such shares shall be added back to the number of Optioned Shares, if any, remaining, unexercised hereunder and upon presentation to the Corporation of share certificate
representing such shares properly endorsed for transfer back to the Corporation, such share certificates shall be deemed not to have been issued and the Corporation shall refund to the Optionee all consideration paid by him. After the earlier of the
Expiration Date and the expiration of the bid, the provisions of this Agreement, apart from this subsection 7(b), shall reapply with respect to the balance of the Optioned Shares in respect of which the Option has not been exercised provided that,
for the purposes of Section 2, any Optioned Shares purchased pursuant to this subsection shall be deemed to have been the Optioned Shares in respect of which the Optionee could have exercised the Option earliest. 

  

 9 

	8.	Nothing herein contained shall obligate the Optionee to purchase and/or pay for any of the Optioned Shares, except those Optioned Shares in respect of which the Optionee shall have
exercised the Option. 

  

	9.	The Optionee shall have no rights whatsoever as a shareholder in respect of any of the Optioned Shares (including any rights to receive dividends or other distributions therefrom or
thereon) except those Optioned Shares in respect of which the Optionee shall have exercised the Option and which the Optionee shall have actually taken up and paid for. 

  

	10.	The Option shall not be assignable by the Optionee. 

  

	11.	Time shall be of the essence of this Agreement. 

  

	12.	In the event that the date on or by which any action is required to be taken pursuant to this Agreement is not a Business Day, then such action shall be required to be taken on or
by, as the case may be, the next following day which is a Business Day. 

  

	13.	Except as otherwise set forth herein, this Agreement shall be binding upon and enure to the benefit of the heirs, executors, administrators, legal personal representatives to the
extent provided in Section 5, successors and assigns of the Optionee and of the Corporation respectively. 

  

	14.	Any notice in writing required or permitted to be given hereunder shall be addressed to: 

  

	 	a.	the Corporation at principal offices of the Corporation; and 

  

	 	b.	the Optionee at the address set forth below the Optionee’s signature herein. 

  
 Any such notice delivered shall be deemed to have been given and received on the date of delivery provided that such date is
a Business Day and otherwise on the next following date which is a Business Day and, if mailed, shall be deemed to be received on the fifth Business Day following the date of mailing. Any such address for the giving of notices hereunder may be
changed by notice in writing given hereunder. 
  

	15.	This Agreement shall be governed by and construed in accordance with the laws of the Province of Alberta and the federal laws of Canada applicable therein. 

 

 10Forms of stock option agreement for the 2003 Stock Option Plan

 EXHIBIT 10.6 
  
 Option Agreement for Optionees in Europe, Middle-East and Africa 

 EMEA 
  
 THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH
SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100, 25102, OR 25105 OF THE CALIFORNIA CORPORATIONS CODE.
THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT. 
  
 THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF.
NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933 
  
 BAKBONE SOFTWARE INCORPORATED 
 STOCK OPTION AGREEMENT 
  
 Bakbone Software Incorporated has granted to the individual (the “Optionee”) named in the Notice of
Grant of Stock Option (the “Notice”) to which this Stock Option Agreement (the “Option Agreement”) is attached an option (the
“Option”) to purchase certain shares of Stock upon the terms and conditions set forth in the Notice and this Option Agreement. The Option has been granted pursuant to and shall in all respects be
subject to the terms and conditions of the Bakbone Software Incorporated 2003 Stock Option Plan (the “Plan”), as amended to the Date of Option Grant, the provisions of which are incorporated herein
by reference. By signing the Notice, the Optionee: (a) represents that the Optionee has received copies of, and has read and is familiar with the terms and conditions of, the Notice, the Plan and this Option Agreement, (b) accepts the Option subject
to all of the terms and conditions of the Notice, the Plan and this Option Agreement, and (c) agrees to accept as binding, conclusive and final all decisions or interpretations of the Board upon any questions arising under the Notice, the Plan or
this Option Agreement. 
  

	 	1.	DEFINITIONS AND CONSTRUCTION. 

  
 1.1 Definitions. Unless otherwise defined herein, capitalized terms
shall have the meanings assigned to such terms in the Notice or the Plan. 
  
 1.2 Construction. Captions and titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of this Option Agreement. Except when otherwise indicated by
the context, the singular shall include the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires otherwise. 
  

 1 

	 	2.	TAX CONSEQUENCES.  

  

If the Notice designates the Option as either an “Incentive Stock Option” or a “Nonstatutory Stock Option,” please refer to Exhibit
2.2 of this Option Agreement. 
  

	 	3.	ADMINISTRATION. 

  
 All questions of interpretation concerning this Option Agreement shall be determined by the Company’s Board of
Directors (the “Board”). All determinations by the Board shall be final and binding upon all persons having an interest in the Option. Any executive officer or the corporate secretary of the Company
(“Officer”) shall have the authority to act on behalf of the Company with respect to any matter, right, obligation, or election which is the responsibility of or which is allocated to the Company herein, provided the Officer
has apparent authority with respect to such matter, right, obligation, or election. 
  

	 	4.	EXERCISE OF THE OPTION. 

  
 4.1 Right to Exercise. Except as otherwise provided herein,
the Option shall be exercisable on and after the Initial Vesting Date and prior to the termination of the Option (as provided in Section 6) in an amount not to exceed the number of Vested Shares less the number of shares previously acquired upon
exercise of the Option. In no event shall the Option be exercisable for more shares than the Number of Option Shares. 
  
 4.2 Method of Exercise. Exercise of the Option shall be by written notice to the Company which must state the election to exercise the
Option, the number of whole shares of Stock for which the Option is being exercised and such other representations and agreements as to the Optionee’s investment intent with respect to such shares as may be required pursuant to the provisions
of this Option Agreement. The written notice must be signed by the Optionee and must be delivered in person, by certified or registered mail, return receipt requested, by confirmed facsimile transmission, or by such other means as the Company may
permit, to the Chief Financial Officer of the Company, or other authorized representative of the Company, prior to the termination of the Option as set forth in Section 6, accompanied by full payment of the aggregate Exercise Price for the number of
shares of Stock being purchased. The Option shall be deemed to be exercised upon receipt by the Company of such written notice and the aggregate Exercise Price. 
  

4.3 Payment of Exercise Price. 
  
 (a) Forms of Consideration Authorized. Except as otherwise provided below, payment of the aggregate Exercise Price for the number of shares
of Stock for which the Option is being exercised shall be made (i) in cash, by check, or cash equivalent, (ii) by tender to the Company, or attestation to the ownership, of whole shares of Stock owned by the Optionee having a Fair Market Value not
less than the aggregate Exercise Price, (iii) by means of a Cashless Exercise, as defined in Section 4.3(b), or (iv) by any combination of the foregoing. 
  

 2 

 (b) Limitations on Forms of Consideration. 
  
 (i) Tender of Stock. Notwithstanding the foregoing, the Option may
not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock to the extent such tender or attestation would constitute a violation of the provisions of any law, regulation or agreement restricting the redemption of
the Company’s stock. The Option may not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock unless such shares either have been owned by the Optionee for more than six (6) months (and not used for another
option exercise by attestation during such period) or were not acquired, directly or indirectly, from the Company. 
  
 (ii) Cashless Exercise. A “Cashless Exercise” means the delivery of a properly executed notice
together with irrevocable instructions to a broker in a form acceptable to the Company providing for the assignment to the Company of the proceeds of a sale or loan with respect to some or all of the shares of Stock acquired upon the exercise of the
Option pursuant to a program or procedure approved by the Company (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve
System). The Company reserves, at any and all times, the right, in the Company’s sole and absolute discretion, to decline to approve or terminate any such program or procedure. 
  
 4.4 Tax Withholding. At the time the Option is exercised, in whole or in part, or at any time thereafter as requested
by the Company, the Optionee hereby authorizes withholding from payroll and any other amounts payable to the Optionee, and otherwise agrees to make adequate provision for (including by means of a Cashless Exercise to the extent permitted by the
Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company, if any, which arise in connection with the Option, including, without limitation, obligations arising upon (i) the exercise, in
whole or in part, of the Option, (ii) the transfer, in whole or in part, of any shares acquired upon exercise of the Option, (iii) the operation of any law or regulation providing for the imputation of interest, or (iv) the lapsing of any
restriction with respect to any shares acquired upon exercise of the Option. The Option is not exercisable unless the tax withholding obligations of the Company are satisfied. Accordingly, the Company shall have no obligation to deliver shares of
Stock until the tax withholding obligations of the Company have been satisfied by the Optionee. 
  
 4.5 Certificate Registration. Except in the event the Exercise Price is paid by means of a Cashless Exercise, the certificate for the shares as to
which the Option is exercised shall be registered in the name of the Optionee, or, if applicable, in the names of the heirs of the Optionee. 
  
 4.6 Restrictions on Grant of the Option and Issuance of Shares. The grant of the Option and the issuance of shares of Stock upon exercise of the
Option shall be subject to compliance with all applicable requirements of federal, state or foreign law with respect to such securities. The Option may not be exercised if the issuance of shares of Stock upon exercise would constitute a violation of
any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock may then be listed. In addition, the Option may not be exercised unless (i) a
registration 
  

 3 

 statement under the Securities Act of 1933, as amended (the “Securities Act”) shall at the time
of exercise of the Option be in effect with respect to the shares issuable upon exercise of the Option or (ii) in the opinion of legal counsel to the Company, the shares issuable upon exercise of the Option may be issued in accordance with the terms
of an applicable exemption from the registration requirements of the Securities Act. THE OPTIONEE IS CAUTIONED THAT THE OPTION MAY NOT BE EXERCISED UNLESS THE FOREGOING CONDITIONS ARE SATISFIED. ACCORDINGLY, THE OPTIONEE MAY NOT BE ABLE TO EXERCISE
THE OPTION WHEN DESIRED EVEN THOUGH THE OPTION IS VESTED. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance
and sale of any shares subject to the Option shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained. As a condition to the exercise of the
Option, the Company may require the Optionee to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be
requested by the Company. 
  
 4.7 Fractional Shares. The
Company shall not be required to issue fractional shares upon the exercise of the Option. 
  

	 	5.	NONTRANSFERABILITY OF THE OPTION. 

  
 The Option may be exercised during the lifetime of the Optionee only by the
Optionee or the Optionee’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided
in Section 7, may be exercised by the Optionee’s legal representative or by any person empowered to do so under the deceased Optionee’s will or under the then applicable laws of descent and distribution. 
  

	 	6.	TERMINATION OF THE OPTION. 

  
 The Option shall terminate and may no longer be exercised after the first to
occur of (a) the Option Expiration Date, (b) the last date for exercising the Option following termination of the Optionee’s Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8. 
  

	 	7.	EFFECT OF TERMINATION OF SERVICE. 

  
 7.1 Option Exercisability. 
  
 (a) Disability. If the Optionee’s Service terminates
because of the Disability of the Optionee, the Option, to the extent unexercised and exercisable on the date on which the Optionee’s Service terminated, may be exercised by the Optionee (or the Optionee’s guardian or legal representative)
at any time prior to the expiration of twelve (12) months after the date on which the Optionee’s Service terminated, but in any event no later than the Option Expiration Date. 
  

 4 

 (b) Death. If the Optionee’s Service terminates because of the death of the Optionee,
the Option, to the extent unexercised and exercisable on the date on which the Optionee’s Service terminated, may be exercised by the Optionee’s legal representative or other person who acquired the right to exercise the Option by reason
of the Optionee’s death at any time prior to the expiration of twelve (12) months after the date on which the Optionee’s Service terminated, but in any event no later than the Option Expiration Date. The Optionee’s Service shall be
deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s termination of Service. 
  
 (c) Other Termination of Service. If the Optionee’s Service terminates for any reason, except Disability or death, the Option, to the
extent unexercised and exercisable by the Optionee on the date on which the Optionee’s Service terminated, may be exercised by the Optionee at any time prior to the expiration of three (3) months (or such other longer period of time as
determined by the Board, in its discretion) after the date on which the Optionee’s Service terminated, but in any event no later than the Option Expiration Date. 
  
 7.2 Extension if Exercise Prevented by Law. Notwithstanding the foregoing, if the exercise of the Option within the
applicable time periods set forth in Section 7.1 is prevented by the provisions of Section 4.6, the Option shall remain exercisable until three (3) months after the date the Optionee is notified by the Company that the Option is exercisable, but in
any event no later than the Option Expiration Date. 
  
 7.3
Extension if Optionee Subject to Section 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods set forth in Section 7.1 of shares acquired upon the exercise of the Option would subject the Optionee to suit under
Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such suit, (ii) the one
hundred and ninetieth (190th) day after the Optionee’s termination of Service, or (iii) the Option Expiration Date. 
  

	 	8.	CHANGE IN CONTROL. 

  
 8.1 Definitions. 
  
 (a) An “Ownership Change Event” shall be deemed to have occurred if any of the following occurs with respect to the
Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the shareholders of the Company of more than fifty percent (50%) of the voting stock of the Company; (ii) a merger or consolidation in which the
Company is a party; (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company; or (iv) a liquidation or dissolution of the Company. 
  
 (b) A “Change in Control” shall mean an Ownership Change Event or a
series of related Ownership Change Events (collectively, a “Transaction”) wherein the shareholders of the Company immediately before the Transaction do not retain immediately after the Transaction,
in substantially the same proportions as their ownership of shares of the Company’s voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of
the 
  

 5 

 outstanding voting securities of the Company or, in the case of a Transaction described in Section 8.1(a)(iii), the
corporation or other business entity to which the assets of the Company were transferred (the “Transferee”), as the case may be. For purposes of the preceding sentence, indirect beneficial
ownership shall include, without limitation, an interest resulting from ownership of the voting securities of one or more corporations or other business entities which own the Company or the Transferee, as the case may be, either directly or through
one or more subsidiary corporations or other business entities. The Board shall have the right to determine whether multiple sales or exchanges of the voting securities of the Company or multiple Ownership Change Events are related, and its
determination shall be final, binding and conclusive. 
  
 8.2
Effect of Change in Control on Option. In the event of a Change in Control, the surviving, continuing, successor, or purchasing corporation or other business entity or parent thereof, as the case may be (the
“Acquiring Corporation”), may, without the consent of the Optionee, either assume the Company’s rights and obligations under the Option or substitute for the Option a substantially equivalent
option for the Acquiring Corporation’s stock. The Option shall terminate and cease to be outstanding effective as of the date of the Change in Control to the extent that the Option is neither assumed or substituted for by the Acquiring
Corporation in connection with the Change in Control nor exercised as of the date of the Change in Control. Notwithstanding the foregoing, shares acquired upon exercise of the Option prior to the Change in Control and any consideration received
pursuant to the Change in Control with respect to such shares shall continue to be subject to all applicable provisions of this Option Agreement except as otherwise provided herein. Furthermore, notwithstanding the foregoing, if the corporation the
stock of which is subject to the Option immediately prior to an Ownership Change Event described in Section 8.1(a)(i) constituting a Change in Control is the surviving or continuing corporation and immediately after such Ownership Change Event less
than fifty percent (50%) of the total combined voting power of its voting stock is held by another corporation or by other corporations that are members of an affiliated group within the meaning of Section 1504(a) of the Code without regard to the
provisions of Section 1504(b) of the Code, the Option shall not terminate unless the Board otherwise provides in its discretion. 
  

	 	9.	ADJUSTMENTS FOR CHANGES IN CAPITAL STRUCTURE.

  
 In the event of any stock dividend, stock
split, reverse stock split, recapitalization, combination, reclassification, or similar change in the capital structure of the Company, appropriate adjustments shall be made in the number, Exercise Price and class of shares of stock subject to the
Option. If a majority of the shares which are of the same class as the shares that are subject to the Option are exchanged for, converted into, or otherwise become (whether or not pursuant to an Ownership Change Event) shares of another corporation
(the “New Shares”), the Board may unilaterally amend the Option to provide that the Option is exercisable for New Shares. In the event of any such amendment, the Number
of Option Shares and the Exercise Price shall be adjusted in a fair and equitable manner, as determined by the Board, in its discretion. Notwithstanding the foregoing, any fractional share resulting from an adjustment pursuant to this Section 9
shall be rounded down to the nearest whole number, and in no event may the Exercise Price be decreased to an amount less than the par value, if any, of the stock subject to the Option. The adjustments determined by the Board pursuant to this Section
9 shall be final, binding and conclusive. 
  

 6 

	 	10.	RIGHTS AS A SHAREHOLDER, EMPLOYEE OR
CONSULTANT. 

  
 The Optionee shall have no rights as a shareholder with respect to any shares covered by the Option until the date of the issuance of a certificate for the shares for which the Option has been exercised (as evidenced
by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date such certificate is
issued, except as provided in Section 9. If the Optionee is an Employee, the Optionee understands and acknowledges that, except as otherwise provided in a separate, written employment agreement between a Participating Company and the Optionee, the
Optionee’s employment is “at will” and is for no specified term. Nothing in this Option Agreement shall confer upon the Optionee any right to continue in the Service of a Participating Company or interfere in any way with any right of
the Company to terminate the Optionee’s Service as an Employee or Consultant, as the case may be, at any time. 
  

	 	11.	STOCK DISTRIBUTIONS SUBJECT TO OPTION AGREEMENT.

  
 If, from time to time, there is any stock
dividend, stock split or other change, as described in Section 9, in the character or amount of any of the outstanding stock of the corporation the stock of which is subject to the provisions of this Option Agreement, then in such event any and all
new, substituted or additional securities to which the Optionee is entitled by reason of the Optionee’s ownership of the shares acquired upon exercise of the Option shall be immediately subject to the Right of First Refusal with the same force
and effect as the shares subject to the Right of First Refusal immediately before such event. 
  

	 	12.	NOTICE OF SALES UPON DISQUALIFYING DISPOSITION.

  
 The Optionee shall dispose of the shares
acquired pursuant to the Option only in accordance with the provisions of this Option Agreement. 
  

	 	13.	LEGENDS. 

  
 The Company may at any time place legends referencing the Right of First Refusal and any applicable federal, state or foreign securities law restrictions
on all certificates representing shares of stock subject to the provisions of this Option Agreement. The Optionee shall, at the request of the Company, promptly present to the Company any and all certificates representing shares acquired pursuant to
the Option in the possession of the Optionee in order to carry out the provisions of this Section. Unless otherwise specified by the Company, legends placed on such certificates may include, but shall not be limited to, the following: 
  
 13.1 “THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE
144 OR RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS
OF SUCH ACT.” 
  

 7 

 13.2 “THE SHARES EVIDENCED BY THIS CERTIFICATE WERE ISSUED BY THE CORPORATION TO THE REGISTERED
HOLDER UPON EXERCISE OF AN INCENTIVE STOCK OPTION AS DEFINED IN SECTION 422 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (“ISO”). IN ORDER TO OBTAIN THE PREFERENTIAL TAX TREATMENT AFFORDED TO ISOs, THE SHARES SHOULD NOT BE
TRANSFERRED PRIOR TO THE DISQUALIFYING DISPOSITION DATE OF ____________. (1) SHOULD THE REGISTERED HOLDER ELECT TO
TRANSFER ANY OF THE SHARES PRIOR TO THIS DATE AND FOREGO ISO TAX TREATMENT, THE TRANSFER AGENT FOR THE SHARES SHALL NOTIFY THE CORPORATION IMMEDIATELY. THE REGISTERED HOLDER SHALL HOLD ALL SHARES PURCHASED UNDER THE INCENTIVE STOCK OPTION IN THE
REGISTERED HOLDER’S NAME (AND NOT IN THE NAME OF ANY NOMINEE) PRIOR TO THIS DATE OR UNTIL TRANSFERRED AS DESCRIBED ABOVE.” 
  

	 	14.	LOCK-UP AGREEMENT. 

  
 The Optionee hereby agrees that in the event of any underwritten public offering of stock, including an initial public
offering of stock, made by the Company pursuant to an effective registration statement filed under the Securities Act, the Optionee shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase or make any short sale of,
or otherwise dispose of any shares of stock of the Company or any rights to acquire stock of the Company for such period of time from and after the effective date of such registration statement as may be established by the underwriter for such
public offering; provided, however, that such period of time shall not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such public offering. The foregoing limitation shall not
apply to shares registered in the public offering under the Securities Act. 
  

	 	15.	RESTRICTIONS ON TRANSFER OF SHARES. 

  
 No shares acquired upon exercise of the Option may be sold, exchanged,
transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this
Option Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or
(b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred. 
  

	 	16.	MISCELLANEOUS PROVISIONS. 

  
 16.1 Binding Effect. Subject to the restrictions on transfer set forth herein, this Option Agreement shall inure to
the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and assigns. 
  

	(1)	Disqualifying Disposition Date is specific to each Notice of Exercise. This date will be determined when Share Certificates are issued. 

  

 8 

 16.2 Termination or Amendment. The Board may terminate or amend the Plan or the Option at any
time; provided, however, that except as provided in Section 8.2 in connection with a Change in Control, no such termination or amendment may adversely affect the Option or any unexercised portion hereof without the consent of the Optionee unless
such termination or amendment is necessary to comply with any applicable law or government regulation or is required to enable the Option, if designated an Incentive Stock Option in the Notice, to qualify as an Incentive Stock Option. No amendment
or addition to this Option Agreement shall be effective unless in writing. 
  
 16.3 Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given (except to the extent that this Option Agreement provides for effectiveness only upon
actual receipt of such notice) upon personal delivery or upon deposit in the United States Post Office, by registered or certified mail, with postage and fees prepaid, addressed to the other party at the address shown below that party’s
signature or at such other address as such party may designate in writing from time to time to the other party. 
  
 16.4 Integrated Agreement. The Notice, this Option Agreement and the Plan constitute the entire understanding and agreement of the Optionee and the
Company with respect to the subject matter contained herein or therein and supersedes any prior agreements, understandings, restrictions, representations, or warranties among the Optionee and the Company with respect to such subject matter other
than those as set forth or provided for herein or therein. To the extent contemplated herein or therein, the provisions of the Notice and the Option Agreement shall survive any exercise of the Option and shall remain in full force and effect.

  
 16.5 Applicable Law. This Option Agreement shall be
governed by the laws of the State of California as such laws are applied to agreements between California residents entered into and to be performed entirely within the State of California. 
  
 16.6 Counterparts. The Notice may be executed in counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

 9 

 EXHIBIT 2.2 
  
 Tax Consequences for Incentive and Nonstatutory Stock Options 
  
 In the event that the Optionee receiving options hereunder is a resident of the United
Kingdom, such Optionee shall be liable, at the time of exercise, for all taxes due under the United Kingdom tax regime, including, without limitation, all United Kingdom National Insurance tax. The Company shall not be liable for any such taxes due
at the time of exercise, or at any other time. 
  
 If an Option is exercised and
the Optionee is liable to United Kingdom tax, duties or other amounts on such exercise and his employer or former employer being the Company or a subsidiary of the Company is liable to make a payment to the appropriate United Kingdom authorities on
account of that liability the Optionee shall grant to the Company the irrevocable authority, as agent of the Optionee and on the Optionee’s behalf, to sell or procure the sale of sufficient of the Optioned Shared so that the new proceeds
payable to the employer or former employer are so far as possible equal to but not less than the amount payable to the appropriate authorities and the Company shall account to the Optionee for any balance. No Optioned Shares shall be allotted to the
Optionee until the employer or former employer has received payment. 
  
 If an
Option is exercised and the Optionee is required to either bear the cost of all or part of the United Kingdom secondary National Insurance Contributions or to enter into an election in the Stock Option Exercise Notice to the Social Security
Contribution and Benefits Act 1992 then the Optionee shall grant to the Company the irrevocable authority, as agent of the Optionee and on the Optionee’s behalf, to sell or procure the sale of sufficient of the Optioned Shares so that the net
proceeds payable to the employer or former employer are so far as possible equal to but not less than the amount of the secondary National Insurance Contributions which the Optionee is liable for and the Company shall account to the Optionee for any
balance. No shares shall be allotted to the Optionee until the employer or former employer has received payment. 
  
 The above provisions shall not apply if the Optionee makes alternative arrangements to the satisfaction of his employer or former employer and the Company is informed by
the employer or former employer that the arrangements are satisfactory/the Optionee pays to the Company, as applicable, in Pounds Sterling (whether by cheque or by banker’s draft) the amount necessary to satisfy the total of the amount payable
to the appropriate authorities and the secondary National Insurance Contributions. 

			
	 TM Incentive Stock Option
	  	Optionee:                                     
                                 
	 TM Nonstatutory Stock Option
	  	Date:                                     
                                        
 

  
 STOCK OPTION
EXERCISE NOTICE 
  

	
	 Bakbone Software Incorporated

	 Attention: Chief Financial Officer

	  
 _________________________

	  
 _________________________

	  
 Ladies and
Gentlemen:

  
 1.
Option. I was granted an option (the “Option”) to purchase shares of the common stock (the “Shares”) of Bakbone Software
Incorporated (the “Company”) pursuant to the Company’s 2003 Stock Option Plan (the “Plan”), my Notice of Grant of Stock Option (the
“Notice”) and my Stock Option Agreement (the “Option Agreement”) as follows: 
  

			
	 Grant Number:
	 	  _________________

		
	 Date of Option Grant:
	 	 _________________

		
	 Number of Option Shares:
	 	 _________________

		
	 Exercise Price per Share:
	 	$________________

  
 2. Exercise of
Option. I hereby elect to exercise the Option to purchase the following number of Shares, all of which are Vested Shares in accordance with the Notice and the Option Agreement: 
  

			
	 Total Shares Purchased:
	 	_________________
		
	 Total Exercise Price (Total Shares X Price per Share)
	 	$________________

  
 3.
Payments. I enclose payment in full of the total exercise price for the Shares in the following form(s), as authorized by my Option Agreement: 
  

			
	 TM Cash:
	 	$________________
		
	 TM Check:
	 	$________________
		
	 TM Tender of Company Stock:
	 	 Contact Plan Administrator

  

 1 

 4. Tax Withholding. I authorize payroll withholding and otherwise will make adequate
provision for the federal, state, local and foreign tax withholding obligations of the Company, if any, in connection with the Option. If I am exercising a Nonstatutory Stock Option, I enclose payment in full of my withholding taxes, if any, as
follows: 
  
 (Contact Plan Administrator for amount of tax due.)

  

			
	 TM Cash:
	 	$________________
		
	 TM Check:
	 	$________________

  
 5. Optionee
Information. 
  

	
	 My address is:
                                        
                                        
                                        
    

	
	                            
 _____________________________________________________

	
	My Social Security Number is:__________________________________________ 

  
 6. Notice of
Disqualifying Disposition. If the Option is an Incentive Stock Option, I agree that I will promptly notify the Chief Financial Officer of the Company if I transfer any of the Shares within one (1) year from the date I exercise all or part of
the Option or within two (2) years of the Date of Option Grant. 
  
 7. Binding Effect. I agree that the Shares are being acquired in accordance with and subject to the terms, provisions and conditions of the Option Agreement, including the Right of First Refusal set forth therein, to all of
which I hereby expressly assent. This Agreement shall inure to the benefit of and be binding upon my heirs, executors, administrators, successors and assigns. 
  

8. Transfer. I understand and acknowledge that the Shares have not been registered under the Securities Act of 1933, as amended (the
“Securities Act”), and that consequently the Shares must be held indefinitely unless they are subsequently registered under the Securities Act, an exemption from such registration is available, or they are sold in accordance
with Rule 144 or Rule 701 under the Securities Act. I further understand and acknowledge that the Company is under no obligation to register the Shares. I understand that the certificate or certificates evidencing the Shares will be imprinted with
legends which prohibit the transfer of the Shares unless they are registered or such registration is not required in the opinion of legal counsel satisfactory to the Company. 
  
 I am aware that Rule 144 under the Securities Act, which permits limited public resale of securities acquired in a nonpublic
offering, is not currently available with respect to the Shares and, in any event, is available only if certain conditions are satisfied. I understand that any sale of the Shares that might be made in reliance upon Rule 144 may only be made in
limited amounts in accordance with the terms and conditions of such rule and that a copy of Rule 144 will be delivered to me upon request. 
  

 2 

 I understand that I am purchasing the Shares pursuant to the terms of the Plan, the Notice and my Option
Agreement, copies of which I have received and carefully read and understand. 
  

	
	 Very truly yours,

	
	

	 (Signature)

  

			
	 Receipt of the above is hereby acknowledged.

	
	 Bakbone Software Incorporated

		
	 By:
	 	  

	 Title:
	 	  

	 Dated:
	 	  

  

 3 

 Option Agreement for Optionees in Pacific Rim and North America 

 THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF
THE STATE OF CALIFORNIA AND THE ISSUANCE OF SUCH SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO SUCH QUALIFICATION IS UNLAWFUL, UNLESS THE SALE OF SECURITIES IS EXEMPT FROM QUALIFICATION BY SECTION 25100,
25102, OR 25105 OF THE CALIFORNIA CORPORATIONS CODE. THE RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON SUCH QUALIFICATION BEING OBTAINED, UNLESS THE SALE IS SO EXEMPT. 
  
 THE SECURITIES WHICH ARE THE SUBJECT OF THIS AGREEMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND
NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH
REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933 
  
 BAKBONE SOFTWARE INCORPORATED 
 STOCK OPTION AGREEMENT 
  
 Bakbone Software Incorporated has granted to the individual (the
“Optionee”) named in the Notice of Grant of Stock Option (the “Notice”) to which this Stock Option Agreement (the
“Option Agreement”) is attached an option (the “Option”) to purchase certain shares of Stock upon the terms and conditions set forth in the
Notice and this Option Agreement. The Option has been granted pursuant to and shall in all respects be subject to the terms and conditions of the Bakbone Software Incorporated 2003 Stock Option Plan (the
“Plan”), as amended to the Date of Option Grant, the provisions of which are incorporated herein by reference. By signing the Notice, the Optionee: (a) represents that the Optionee has received
copies of, and has read and is familiar with the terms and conditions of, the Notice, the Plan and this Option Agreement, (b) accepts the Option subject to all of the terms and conditions of the Notice, the Plan and this Option Agreement, and (c)
agrees to accept as binding, conclusive and final all decisions or interpretations of the Board upon any questions arising under the Notice, the Plan or this Option Agreement. 
  

	 	1.	DEFINITIONS AND CONSTRUCTION. 

  
 1.1 Definitions. Unless otherwise defined herein, capitalized terms shall have the meanings assigned to such terms in
the Notice or the Plan. 
  
 1.2 Construction. Captions and
titles contained herein are for convenience only and shall not affect the meaning or interpretation of any provision of this Option Agreement. Except when otherwise indicated by the context, the singular shall include the plural and the plural shall
include the singular. Use of the term “or” is not intended to be exclusive, unless the context clearly requires otherwise. 
  

 1 

	 	2.	TAX CONSEQUENCES. 

  

If the Notice designates the Option as either an “Incentive Stock Option” or a “Nonstatutory Stock Option,” please refer to Exhibit
2.1 of this Option Agreement. 
  

	 	3.	ADMINISTRATION. 

  
 All questions of interpretation concerning this Option Agreement shall be determined by the Company’s Board of Directors (the
“Board”). All determinations by the Board shall be final and binding upon all persons having an interest in the Option. Any executive officer or the corporate secretary of the Company (“Officer”) shall
have the authority to act on behalf of the Company with respect to any matter, right, obligation, or election which is the responsibility of or which is allocated to the Company herein, provided the Officer has apparent authority with respect to
such matter, right, obligation, or election. 
  

	 	4.	EXERCISE OF THE OPTION. 

  
 4.1 Right to Exercise. Except as otherwise provided herein, the
Option shall be exercisable on and after the Initial Vesting Date and prior to the termination of the Option (as provided in Section 6) in an amount not to exceed the number of Vested Shares less the number of shares previously acquired upon
exercise of the Option. In no event shall the Option be exercisable for more shares than the Number of Option Shares. 
  
 4.2 Method of Exercise. Exercise of the Option shall be by written notice to the Company which must state the election to exercise the Option, the
number of whole shares of Stock for which the Option is being exercised and such other representations and agreements as to the Optionee’s investment intent with respect to such shares as may be required pursuant to the provisions of this
Option Agreement. The written notice must be signed by the Optionee and must be delivered in person, by certified or registered mail, return receipt requested, by confirmed facsimile transmission, or by such other means as the Company may permit, to
the Chief Financial Officer of the Company, or other authorized representative of the Company, prior to the termination of the Option as set forth in Section 6, accompanied by full payment of the aggregate Exercise Price for the number of shares of
Stock being purchased. The Option shall be deemed to be exercised upon receipt by the Company of such written notice and the aggregate Exercise Price. 
  
 4.3 Payment of Exercise Price. 
  
 (a) Forms of Consideration Authorized. Except as otherwise provided below, payment of the aggregate Exercise Price for the number of shares
of Stock for which the Option is being exercised shall be made (i) in cash, by check, or cash equivalent, (ii) by tender to the Company, or attestation to the ownership, of whole shares of Stock owned by the Optionee having a Fair Market Value not
less than the aggregate Exercise Price, (iii) by means of a Cashless Exercise, as defined in Section 4.3(b), or (iv) by any combination of the foregoing. 
  

 2 

 (b) Limitations on Forms of Consideration. 
  
 (i) Tender of Stock. Notwithstanding the foregoing, the Option may
not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock to the extent such tender or attestation would constitute a violation of the provisions of any law, regulation or agreement restricting the redemption of
the Company’s stock. The Option may not be exercised by tender to the Company, or attestation to the ownership, of shares of Stock unless such shares either have been owned by the Optionee for more than six (6) months (and not used for another
option exercise by attestation during such period) or were not acquired, directly or indirectly, from the Company. 
  
 (ii) Cashless Exercise. A “Cashless Exercise” means the delivery of a properly executed notice
together with irrevocable instructions to a broker in a form acceptable to the Company providing for the assignment to the Company of the proceeds of a sale or loan with respect to some or all of the shares of Stock acquired upon the exercise of the
Option pursuant to a program or procedure approved by the Company (including, without limitation, through an exercise complying with the provisions of Regulation T as promulgated from time to time by the Board of Governors of the Federal Reserve
System). The Company reserves, at any and all times, the right, in the Company’s sole and absolute discretion, to decline to approve or terminate any such program or procedure. 
  
 4.4 Tax Withholding. At the time the Option is exercised, in whole or in part, or at any time thereafter as requested
by the Company, the Optionee hereby authorizes withholding from payroll and any other amounts payable to the Optionee, and otherwise agrees to make adequate provision for (including by means of a Cashless Exercise to the extent permitted by the
Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company, if any, which arise in connection with the Option, including, without limitation, obligations arising upon (i) the exercise, in
whole or in part, of the Option, (ii) the transfer, in whole or in part, of any shares acquired upon exercise of the Option, (iii) the operation of any law or regulation providing for the imputation of interest, or (iv) the lapsing of any
restriction with respect to any shares acquired upon exercise of the Option. The Option is not exercisable unless the tax withholding obligations of the Company are satisfied. Accordingly, the Company shall have no obligation to deliver shares of
Stock until the tax withholding obligations of the Company have been satisfied by the Optionee. 
  
 4.5 Certificate Registration. Except in the event the Exercise Price is paid by means of a Cashless Exercise, the certificate for the shares as to
which the Option is exercised shall be registered in the name of the Optionee, or, if applicable, in the names of the heirs of the Optionee. 
  
 4.6 Restrictions on Grant of the Option and Issuance of Shares. The grant of the Option and the issuance of shares of Stock upon exercise of the
Option shall be subject to compliance with all applicable requirements of federal, state or foreign law with respect to such securities. The Option may not be exercised if the issuance of shares of Stock upon exercise would constitute a violation of
any applicable federal, state or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which the Stock may then be listed. In addition, the Option may not be exercised unless (i) a
registration 
  

 3 

 statement under the Securities Act of 1933, as amended (the “Securities Act”) shall at the time
of exercise of the Option be in effect with respect to the shares issuable upon exercise of the Option or (ii) in the opinion of legal counsel to the Company, the shares issuable upon exercise of the Option may be issued in accordance with the terms
of an applicable exemption from the registration requirements of the Securities Act. THE OPTIONEE IS CAUTIONED THAT THE OPTION MAY NOT BE EXERCISED UNLESS THE FOREGOING CONDITIONS ARE SATISFIED. ACCORDINGLY, THE OPTIONEE MAY NOT BE ABLE TO EXERCISE
THE OPTION WHEN DESIRED EVEN THOUGH THE OPTION IS VESTED. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be necessary to the lawful issuance
and sale of any shares subject to the Option shall relieve the Company of any liability in respect of the failure to issue or sell such shares as to which such requisite authority shall not have been obtained. As a condition to the exercise of the
Option, the Company may require the Optionee to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto as may be
requested by the Company. 
  
 4.7 Fractional Shares. The
Company shall not be required to issue fractional shares upon the exercise of the Option. 
  

	 	5.	NONTRANSFERABILITY OF THE OPTION. 

  
 The Option may be exercised during the lifetime of the Optionee only by the
Optionee or the Optionee’s guardian or legal representative and may not be assigned or transferred in any manner except by will or by the laws of descent and distribution. Following the death of the Optionee, the Option, to the extent provided
in Section 7, may be exercised by the Optionee’s legal representative or by any person empowered to do so under the deceased Optionee’s will or under the then applicable laws of descent and distribution. 
  

	 	6.	TERMINATION OF THE OPTION. 

  
 The Option shall terminate and may no longer be exercised after the first to
occur of (a) the Option Expiration Date, (b) the last date for exercising the Option following termination of the Optionee’s Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8. 
  

	 	7.	EFFECT OF TERMINATION OF SERVICE. 

  
 7.1 Option Exercisability. 
  
 (a) Disability. If the Optionee’s Service terminates
because of the Disability of the Optionee, the Option, to the extent unexercised and exercisable on the date on which the Optionee’s Service terminated, may be exercised by the Optionee (or the Optionee’s guardian or legal representative)
at any time prior to the expiration of twelve (12) months after the date on which the Optionee’s Service terminated, but in any event no later than the Option Expiration Date. 
  

 4 

 (b) Death. If the Optionee’s Service terminates because of the death of the Optionee,
the Option, to the extent unexercised and exercisable on the date on which the Optionee’s Service terminated, may be exercised by the Optionee’s legal representative or other person who acquired the right to exercise the Option by reason
of the Optionee’s death at any time prior to the expiration of twelve (12) months after the date on which the Optionee’s Service terminated, but in any event no later than the Option Expiration Date. The Optionee’s Service shall be
deemed to have terminated on account of death if the Optionee dies within three (3) months after the Optionee’s termination of Service. 
  
 (c) Other Termination of Service. If the Optionee’s Service terminates for any reason, except Disability or death, the Option, to the
extent unexercised and exercisable by the Optionee on the date on which the Optionee’s Service terminated, may be exercised by the Optionee at any time prior to the expiration of three (3) months (or such other longer period of time as
determined by the Board, in its discretion) after the date on which the Optionee’s Service terminated, but in any event no later than the Option Expiration Date. 
  
 7.2 Extension if Exercise Prevented by Law. Notwithstanding the foregoing, if the exercise of the Option within the
applicable time periods set forth in Section 7.1 is prevented by the provisions of Section 4.6, the Option shall remain exercisable until three (3) months after the date the Optionee is notified by the Company that the Option is exercisable, but in
any event no later than the Option Expiration Date. 
  
 7.3
Extension if Optionee Subject to Section 16(b). Notwithstanding the foregoing, if a sale within the applicable time periods set forth in Section 7.1 of shares acquired upon the exercise of the Option would subject the Optionee to suit under
Section 16(b) of the Exchange Act, the Option shall remain exercisable until the earliest to occur of (i) the tenth (10th) day following the date on which a sale of such shares by the Optionee would no longer be subject to such suit, (ii) the one
hundred and ninetieth (190th) day after the Optionee’s termination of Service, or (iii) the Option Expiration Date. 
  

	 	8.	CHANGE IN CONTROL. 

  
 8.1 Definitions. 
  
 (a) An “Ownership Change Event” shall be deemed to have occurred if any of the following occurs with
respect to the Company: (i) the direct or indirect sale or exchange in a single or series of related transactions by the shareholders of the Company of more than fifty percent (50%) of the voting stock of the Company; (ii) a merger or consolidation
in which the Company is a party; (iii) the sale, exchange, or transfer of all or substantially all of the assets of the Company; or (iv) a liquidation or dissolution of the Company. 
  
 (b) A “Change in Control” shall mean an Ownership Change Event or a
series of related Ownership Change Events (collectively, a “Transaction”) wherein the shareholders of the Company immediately before the Transaction do not retain immediately after the Transaction,
in substantially the same proportions as their ownership of shares of the Company’s voting stock immediately before the Transaction, direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of
the 
  

 5 

 outstanding voting securities of the Company or, in the case of a Transaction described in Section 8.1(a)(iii), the
corporation or other business entity to which the assets of the Company were transferred (the “Transferee”), as the case may be. For purposes of the preceding sentence, indirect beneficial ownership shall include, without
limitation, an interest resulting from ownership of the voting securities of one or more corporations or other business entities which own the Company or the Transferee, as the case may be, either directly or through one or more subsidiary
corporations or other business entities. The Board shall have the right to determine whether multiple sales or exchanges of the voting securities of the Company or multiple Ownership Change Events are related, and its determination shall be final,
binding and conclusive. 
  
 8.2 Effect of Change in Control on
Option. In the event of a Change in Control, the surviving, continuing, successor, or purchasing corporation or other business entity or parent thereof, as the case may be (the “Acquiring Corporation”), may, without the
consent of the Optionee, either assume the Company’s rights and obligations under the Option or substitute for the Option a substantially equivalent option for the Acquiring Corporation’s stock. The Option shall terminate and cease to be
outstanding effective as of the date of the Change in Control to the extent that the Option is neither assumed or substituted for by the Acquiring Corporation in connection with the Change in Control nor exercised as of the date of the Change in
Control. Notwithstanding the foregoing, shares acquired upon exercise of the Option prior to the Change in Control and any consideration received pursuant to the Change in Control with respect to such shares shall continue to be subject to all
applicable provisions of this Option Agreement except as otherwise provided herein. Furthermore, notwithstanding the foregoing, if the corporation the stock of which is subject to the Option immediately prior to an Ownership Change Event described
in Section 8.1(a)(i) constituting a Change in Control is the surviving or continuing corporation and immediately after such Ownership Change Event less than fifty percent (50%) of the total combined voting power of its voting stock is held by
another corporation or by other corporations that are members of an affiliated group within the meaning of Section 1504(a) of the Code without regard to the provisions of Section 1504(b) of the Code, the Option shall not terminate unless the Board
otherwise provides in its discretion. 
  

	 	9.	ADJUSTMENTS FOR CHANGES IN CAPITAL STRUCTURE.

  
 In the event of any stock dividend, stock
split, reverse stock split, recapitalization, combination, reclassification, or similar change in the capital structure of the Company, appropriate adjustments shall be made in the number, Exercise Price and class of shares of stock subject to the
Option. If a majority of the shares which are of the same class as the shares that are subject to the Option are exchanged for, converted into, or otherwise become (whether or not pursuant to an Ownership Change Event) shares of another corporation
(the “New Shares”), the Board may unilaterally amend the Option to provide that the Option is exercisable for New Shares. In the event of any such amendment, the Number of Option Shares and the
Exercise Price shall be adjusted in a fair and equitable manner, as determined by the Board, in its discretion. Notwithstanding the foregoing, any fractional share resulting from an adjustment pursuant to this Section 9 shall be rounded down to the
nearest whole number, and in no event may the Exercise Price be decreased to an amount less than the par value, if any, of the stock subject to the Option. The adjustments determined by the Board pursuant to this Section 9 shall be final, binding
and conclusive. 
  

 6 

	 	10.	RIGHTS AS A SHAREHOLDER, EMPLOYEE OR
CONSULTANT. 

  
 The Optionee shall have no rights as a shareholder with respect to any shares covered by the Option until the date of the issuance of a certificate for the shares for which the Option has been exercised (as evidenced by the appropriate
entry on the books of the Company or of a duly authorized transfer agent of the Company). No adjustment shall be made for dividends, distributions or other rights for which the record date is prior to the date such certificate is issued, except as
provided in Section 9. If the Optionee is an Employee, the Optionee understands and acknowledges that, except as otherwise provided in a separate, written employment agreement between a Participating Company and the Optionee, the Optionee’s
employment is “at will” and is for no specified term. Nothing in this Option Agreement shall confer upon the Optionee any right to continue in the Service of a Participating Company or interfere in any way with any right of the Company to
terminate the Optionee’s Service as an Employee or Consultant, as the case may be, at any time. 
  

	 	11.	STOCK DISTRIBUTIONS SUBJECT TO OPTION AGREEMENT.

  
 If, from time to time, there is any stock
dividend, stock split or other change, as described in Section 9, in the character or amount of any of the outstanding stock of the corporation the stock of which is subject to the provisions of this Option Agreement, then in such event any and all
new, substituted or additional securities to which the Optionee is entitled by reason of the Optionee’s ownership of the shares acquired upon exercise of the Option shall be immediately subject to the Right of First Refusal with the same force
and effect as the shares subject to the Right of First Refusal immediately before such event. 
  

	 	12.	NOTICE OF SALES UPON DISQUALIFYING DISPOSITION.

  
 The Optionee shall dispose of the shares
acquired pursuant to the Option only in accordance with the provisions of this Option Agreement. 
  

	 	13.	LEGENDS. 

  
 The Company may at any time place legends referencing the Right of First Refusal and any applicable federal, state or foreign securities law restrictions
on all certificates representing shares of stock subject to the provisions of this Option Agreement. The Optionee shall, at the request of the Company, promptly present to the Company any and all certificates representing shares acquired pursuant to
the Option in the possession of the Optionee in order to carry out the provisions of this Section. Unless otherwise specified by the Company, legends placed on such certificates may include, but shall not be limited to, the following: 
  
 13.1 “THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES, THE SALE IS MADE IN ACCORDANCE WITH RULE
144 OR RULE 701 UNDER THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS
OF SUCH ACT.” 
  

 7 

 13.2 “THE SHARES EVIDENCED BY THIS CERTIFICATE WERE ISSUED BY THE CORPORATION TO THE REGISTERED
HOLDER UPON EXERCISE OF AN INCENTIVE STOCK OPTION AS DEFINED IN SECTION 422 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (“ISO”). IN ORDER TO OBTAIN THE PREFERENTIAL TAX TREATMENT AFFORDED TO ISOs, THE SHARES SHOULD NOT BE
TRANSFERRED PRIOR TO THE DISQUALIFYING DISPOSITION DATE OF                     . (1) SHOULD THE REGISTERED HOLDER ELECT TO TRANSFER ANY OF THE SHARES PRIOR TO THIS DATE AND FOREGO ISO TAX TREATMENT, THE TRANSFER AGENT FOR THE SHARES SHALL
NOTIFY THE CORPORATION IMMEDIATELY. THE REGISTERED HOLDER SHALL HOLD ALL SHARES PURCHASED UNDER THE INCENTIVE STOCK OPTION IN THE REGISTERED HOLDER’S NAME (AND NOT IN THE NAME OF ANY NOMINEE) PRIOR TO THIS DATE OR UNTIL TRANSFERRED AS DESCRIBED
ABOVE.” 
  

	 	14.	LOCK-UP AGREEMENT. 

  
 The Optionee hereby agrees that in the event of any underwritten public offering of stock, including an initial public
offering of stock, made by the Company pursuant to an effective registration statement filed under the Securities Act, the Optionee shall not offer, sell, contract to sell, pledge, hypothecate, grant any option to purchase or make any short sale of,
or otherwise dispose of any shares of stock of the Company or any rights to acquire stock of the Company for such period of time from and after the effective date of such registration statement as may be established by the underwriter for such
public offering; provided, however, that such period of time shall not exceed one hundred eighty (180) days from the effective date of the registration statement to be filed in connection with such public offering. The foregoing limitation shall not
apply to shares registered in the public offering under the Securities Act. 
  

	 	15.	RESTRICTIONS ON TRANSFER OF SHARES. 

  
 No shares acquired upon exercise of the Option may be sold, exchanged,
transferred (including, without limitation, any transfer to a nominee or agent of the Optionee), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law, in any manner which violates any of the provisions of this
Option Agreement and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any shares which will have been transferred in violation of any of the provisions set forth in this Option Agreement or
(b) to treat as owner of such shares or to accord the right to vote as such owner or to pay dividends to any transferee to whom such shares will have been so transferred. 
  

	 	16.	MISCELLANEOUS PROVISIONS. 

  
 16.1 Binding Effect. Subject to the restrictions on transfer set forth herein, this Option Agreement shall inure to
the benefit of and be binding upon the parties hereto and their respective heirs, executors, administrators, successors and assigns. 
  

	(1)	Disqualifying Disposition Date is specific to each Notice of Exercise. This date will be determined when Share Certificates are issued. 

  

 8 

 16.2 Termination or Amendment. The Board may terminate or amend the Plan or the Option at any
time; provided, however, that except as provided in Section 8.2 in connection with a Change in Control, no such termination or amendment may adversely affect the Option or any unexercised portion hereof without the consent of the Optionee unless
such termination or amendment is necessary to comply with any applicable law or government regulation or is required to enable the Option, if designated an Incentive Stock Option in the Notice, to qualify as an Incentive Stock Option. No amendment
or addition to this Option Agreement shall be effective unless in writing. 
  
 16.3 Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given (except to the extent that this Option Agreement provides for effectiveness only upon
actual receipt of such notice) upon personal delivery or upon deposit in the United States Post Office, by registered or certified mail, with postage and fees prepaid, addressed to the other party at the address shown below that party’s
signature or at such other address as such party may designate in writing from time to time to the other party. 
  
 16.4 Integrated Agreement. The Notice, this Option Agreement and the Plan constitute the entire understanding and agreement of the Optionee and the
Company with respect to the subject matter contained herein or therein and supersedes any prior agreements, understandings, restrictions, representations, or warranties among the Optionee and the Company with respect to such subject matter other
than those as set forth or provided for herein or therein. To the extent contemplated herein or therein, the provisions of the Notice and the Option Agreement shall survive any exercise of the Option and shall remain in full force and effect.

  
 16.5 Applicable Law. This Option Agreement shall be
governed by the laws of the State of California as such laws are applied to agreements between California residents entered into and to be performed entirely within the State of California. 
  
 16.6 Counterparts. The Notice may be executed in counterparts, each of
which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
  

 9 

 EXHIBIT 2.1 
  
 Tax Consequences for Incentive and Nonstatutory Stock Options 
  
 (a) Incentive Stock Option. If the Notice so designates, this
Option is intended to be an Incentive Stock Option within the meaning of Section 422(b) of the Code, but the Company does not represent or warrant that this Option qualifies as such. The Optionee should consult with the Optionee’s own tax
advisor regarding the tax effects of this Option and the requirements necessary to obtain favorable income tax treatment under Section 422 of the Internal Revenue Code (the “Code”), including, but not limited to, holding
period requirements. (NOTE TO OPTIONEE: If the Option is exercised more than three (3) months after the date on which you cease to be an Employee (other than by reason of your death or permanent and total disability as defined in Section 22(e)(3) of
the Code), the Option will be treated as a Nonstatutory Stock Option and not as an Incentive Stock Option to the extent required by Section 422 of the Code.) 
  
 (b) Nonstatutory Stock Option. If the Notice so designates, this Option is intended to be a Nonstatutory Stock Option and shall not be
treated as an Incentive Stock Option within the meaning of Section 422(b) of the Code. 
  
 (c) ISO Fair Market Value Limitation. If the Notice designates this Option as an Incentive Stock Option, then to the extent that the Option (together with all Incentive Stock Options granted to
the Optionee under all stock option plans of the Company, including the Plan) becomes exercisable for the first time during any calendar year for shares having a Fair Market Value greater than One Hundred Thousand Dollars ($100,000), the portion of
such options which exceeds such amount will be treated as Nonstatutory Stock Options. For purposes of this Section 2.2, options designated as Incentive Stock Options are taken into account in the order in which they were granted, and the Fair Market
Value of stock is determined as of the time the option with respect to such stock is granted. If the Code is amended to provide for a different limitation from that set forth in this Section 2.2, such different limitation shall be deemed
incorporated herein effective as of the date required or permitted by such amendment to the Code. If the Option is treated as an Incentive Stock Option in part and as a Nonstatutory Stock Option in part by reason of the limitation set forth in this
Section 2.2, the Optionee may designate which portion of such Option the Optionee is exercising. In the absence of such designation, the Optionee shall be deemed to have exercised the Incentive Stock Option portion of the Option first. Separate
certificates representing each such portion shall be issued upon the exercise of the Option. (NOTE TO OPTIONEE: If the aggregate Exercise Price of the Option (that is, the Exercise Price multiplied by the Number of Option Shares) plus the aggregate
exercise price of any other Incentive Stock Options you hold (whether granted pursuant to the Plan or any other stock option plan of the Company) is greater than $100,000, you should contact the Chief Financial Officer of the Company to ascertain
whether the entire Option qualifies as an Incentive Stock Option.) 
  
 (d) Notices of Sales. If the Notice designates this Option as an Incentive Stock Option, the Optionee shall (a) promptly notify the Chief Financial Officer of the Company if the Optionee disposes of any of the shares
acquired pursuant to the Option within 

 one (1) year after the date the Optionee exercises all or part of the Option or within two (2) years after the Date of
Option Grant and (b) provide the Company with a description of the circumstances of such disposition. Until such time as the Optionee disposes of such shares in a manner consistent with the provisions of this Option Agreement, unless otherwise
expressly authorized by the Company, the Optionee shall hold all shares acquired pursuant to the Option in the Optionee’s name (and not in the name of any nominee) for the one-year period immediately after the exercise of the Option and the
two-year period immediately after Date of Option Grant. At any time during the one-year or two-year periods set forth above, the Company may place a legend on any certificate representing shares acquired pursuant to the Option requesting the
transfer agent for the Company’s stock to notify the Company of any such transfers. The obligation of the Optionee to notify the Company of any such transfer shall continue notwithstanding that a legend has been placed on the certificate
pursuant to the preceding sentence. 

			
	 TM Incentive Stock Option
	  	 Optionee:                                     
                                   

	 TM Nonstatutory Stock Option
	  	 Date:                                     
                                        
   

  
 STOCK OPTION
EXERCISE NOTICE 
  

	
	 Bakbone Software Incorporated

	 Attention: Chief Financial Officer

	_________________________
	_________________________

  
 Ladies and Gentlemen: 
  
 1. Option. I was
granted an option (the “Option”) to purchase shares of the common stock (the “Shares”) of Bakbone Software Incorporated (the “Company”) pursuant to
the Company’s 2003 Stock Option Plan (the “Plan”), my Notice of Grant of Stock Option (the “Notice”) and my Stock Option Agreement (the “Option Agreement”) as follows:

  

			
	 Grant Number:
	 	 __________________

		
	 Date of Option Grant:
	 	 __________________

		
	 Number of Option Shares:
	 	 __________________

		
	 Exercise Price per Share:
	 	 $ _________________

  
 2. Exercise of
Option. I hereby elect to exercise the Option to purchase the following number of Shares, all of which are Vested Shares in accordance with the Notice and the Option Agreement: 
  

			
	 Total Shares Purchased:
	 	 __________________

		
	 Total Exercise Price (Total Shares X Price per Share)
	 	 $ _________________

  
 3.
Payments. I enclose payment in full of the total exercise price for the Shares in the following form(s), as authorized by my Option Agreement: 
  

			
	 TM Cash:
	 	 $ _________________

		
	 TM Check:
	 	 $ _________________

		
	 TM Tender of Company Stock:
	 	 Contact Plan Administrator

  

 1 

 4. Tax Withholding. I authorize payroll withholding and otherwise will make adequate
provision for the federal, state, local and foreign tax withholding obligations of the Company, if any, in connection with the Option. If I am exercising a Nonstatutory Stock Option, I enclose payment in full of my withholding taxes, if any, as
follows: 
  
 (Contact Plan Administrator for amount of tax due.)

  

			
	 TM Cash:
	  	 $ _________________

		
	 TM Check:
	  	 $ _________________

  
 5. Optionee
Information. 
  

	
	 My address is:
                                        
                                        
                                        
                        

	
	                            
 ______________________________________________________________

	
	 My Social Security Number is:
                                        
                                        
                                    

  
 6. Notice of
Disqualifying Disposition. If the Option is an Incentive Stock Option, I agree that I will promptly notify the Chief Financial Officer of the Company if I transfer any of the Shares within one (1) year from the date I exercise all or part of
the Option or within two (2) years of the Date of Option Grant. 
  
 7. Binding Effect. I agree that the Shares are being acquired in accordance with and subject to the terms, provisions and conditions of the Option Agreement, including the Right of First Refusal set forth therein, to all of
which I hereby expressly assent. This Agreement shall inure to the benefit of and be binding upon my heirs, executors, administrators, successors and assigns. 
  

8. Transfer. I understand and acknowledge that the Shares have not been registered under the Securities Act of 1933, as amended (the
“Securities Act”), and that consequently the Shares must be held indefinitely unless they are subsequently registered under the Securities Act, an exemption from such registration is available, or they are sold in accordance
with Rule 144 or Rule 701 under the Securities Act. I further understand and acknowledge that the Company is under no obligation to register the Shares. I understand that the certificate or certificates evidencing the Shares will be imprinted with
legends which prohibit the transfer of the Shares unless they are registered or such registration is not required in the opinion of legal counsel satisfactory to the Company. 
  
 I am aware that Rule 144 under the Securities Act, which permits limited public resale of securities acquired in a nonpublic
offering, is not currently available with respect to the Shares and, in any event, is available only if certain conditions are satisfied. I understand that any sale of the Shares that might be made in reliance upon Rule 144 may only be made in
limited amounts in accordance with the terms and conditions of such rule and that a copy of Rule 144 will be delivered to me upon request. 
  

 2 

 I understand that I am purchasing the Shares pursuant to the terms of the Plan, the Notice and my Option
Agreement, copies of which I have received and carefully read and understand. 
  

	
	 Very truly yours,

	  

	 (Signature)

  

			
	 Receipt of the above is hereby acknowledged.

	
	 Bakbone Software Incorporated

		
	 By:
	 	  

	 Title:
	 	  

	 Dated:
	 	  

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]