Document:

exv10w22

Exhibit 10.22

BCInet, Inc.

SECURITY AGREEMENT

     This Security Agreement (the “Agreement”) is made as of August 31, 2009 by and between BCINET,
INC., a Delaware corporation (the “Debtor”), and OCZ TECHNOLOGY GROUP, INC., a Delaware corporation
(the “Secured Party”).

RECITALS

     The Debtor has issued to the Secured Party three Secured Promissory Notes in the amount of
$311,215, $170,000 and $414,200, respectively, all of even date with this Agreement. Such Secured
Promissory Notes and any other promissory notes issued from time to time by Debtor to Secured Party
shall collectively be referred to herein as the “Notes”.

     The Debtor and Secured Party are also parties to that certain Asset Purchase Agreement and
Series A Preferred Stock Purchase Agreement of an even date herewith (the “Purchase Agreements”).

     In order to induce the Secured Party to enter into this Agreement, Debtor wishes and has
agreed to secure its obligations to the Secured Party under the Notes, to enter into this Agreement
and to grant the Secured Party a first priority security interest in the Collateral (defined
below).

     The parties intend that Debtor’s obligations to repay the Notes be secured by all of the
Collateral (as defined below) of the Debtor.

AGREEMENT

     In consideration of the execution of the Notes by the Secured Party and for other good and
valuable consideration, the Debtor hereby agrees with the Secured Party as follows:

     1. Grant of Security Interest. To secure the Debtor’s full and timely performance of
all of the Debtor’s obligations and liabilities to the Secured Party under the Notes (the
“Obligations”), and pursuant to the provisions of the California Uniform Commercial Code, the
Debtor hereby grants to the Secured Party a continuing security interest (the “Security Interest”)
in and to all of the property described on Exhibit A to this Agreement (the “Collateral”).

     2. Representations and Covenants.

          (a) Ownership. The Debtor owns all right, title and interest in the Collateral and
will be the owner of the Collateral hereafter acquired free from any adverse lien, security
interest or encumbrance (other than purchase money security interests that will be discharged upon
Debtor’s payment of the purchase price for the applicable property), and the Debtor will

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defend the Collateral against the claims and demands of all persons at any time claiming the
same or any interest therein.

          (b) Further Documentation. At any time and from time to time, at the sole expense of
the Debtor, the Debtor will promptly and duly execute and deliver such further instruments and
documents and take such further action as the Secured Party may reasonably request for the purpose
of obtaining or preserving the full benefits of this Agreement and of the rights and powers herein
granted. The Debtor hereby authorizes the Secured Party to file any such financing or continuation
statement without the signature of the Debtor to the extent permitted by applicable law. A
reproduction of this Agreement may be filed by the Secured Party as a financing statement (or as an
exhibit to a financing statement on form UCC-1) and, if applicable, may be filed with the Register
of Copyrights and the Commissioner of Patents and Trademarks, each without further authorization
from Debtor.

          (c) Indemnification. The Debtor agrees to defend, indemnify and hold harmless the
Secured Party against any and all liabilities, costs and expenses (including, without limitation,
all reasonable legal fees and expenses): (i) with respect to, or resulting from, any delay in
paying, any and all excise, sales or other taxes which may be payable or are determined to be
payable with respect to any of the Collateral, (ii) with respect to, or resulting from, any delay
in complying with any law, rule, regulation or order of any governmental authority applicable to
any of the Collateral or (iii) in connection with any of the transactions contemplated by this
Agreement; provided, however, that this indemnification shall not extend to any damages caused by
the gross negligence or willful misconduct of such Secured Party.

          (d) Limitations on Dispositions of Collateral. The Debtor shall not sell, transfer,
lease or otherwise dispose of a material portion of the Collateral, or offer or contract to do so
without the written consent of the Secured Party; provided, however, that Debtor will be allowed to
sell inventory and grant non-exclusive licenses to its products, intellectual property and related
documentation.

     3. Secured Party’s Appointment as Attorney-in-Fact.

          (a) Powers. The Debtor hereby appoints the Secured Party and any officers or agents
of the Secured Party, with full power of substitution, as its attorney-in-fact with full
irrevocable power and authority in the place of the Debtor and in the name of the Debtor or in its
own name, so long as an Event of Default has occurred and is continuing, for the purpose of
carrying out the terms of this Agreement, to take any and all appropriate action and to execute any
instrument which may be necessary or desirable to accomplish the purposes of this Agreement.
Without limiting the foregoing, so long as an Event of Default has occurred and is continuing, the
Secured Party, in its discretion, will have the right, without notice to, or the consent of the
Debtor to do any of the following on the Debtor’s behalf:

               (i) to pay or discharge any taxes or liens levied or placed on or threatened against the
Collateral;

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               (ii) to direct any party liable for any payment under any of the Collateral to make payment of
any and all amounts due or to become due thereunder directly to the Secured Party or as the Secured
Party directs;

               (iii) to ask for or demand, collect, and receive payment of and receipt for, any payments due
or to become due at any time in respect of or arising out of any Collateral;

               (iv) to commence and prosecute any suits, actions or proceedings at law or in equity in any
court of competent jurisdiction to enforce any right in respect of any Collateral;

               (v) to defend any suit, action or proceeding brought against the Debtor with respect to any
Collateral;

               (vi) to settle, compromise or adjust any suit, action or proceeding described in subsection
(v) above and, to give such discharges or releases in connection therewith as the Secured Party may
deem appropriate;

               (vii) to assign any patent right included in the Collateral of Debtor (along with the goodwill
of the business to which any such patent right pertains), throughout the world for such term or
terms, on such conditions, and in such manner, as the Secured Party in its sole discretion
determines; and

               (viii) to sell, transfer, pledge and make any agreement with respect to or otherwise deal with
any of the Collateral, and to take, at the Secured Party’s option and the Debtor’s expense, any
actions which the Secured Party deems necessary to protect, preserve or realize upon the Collateral
and the Secured Party’s liens on the Collateral and to carry out the intent of this Agreement, in
each case to the same extent as if the Secured Party were the absolute owners of the Collateral for
all purposes.

     The Debtor hereby ratifies whatever actions the Secured Party lawfully does or causes to be
done in accordance with this Section 3. This power of attorney will be a power coupled with an
interest and will be irrevocable.

          (b) No Duty on Secured Party’s Part. The powers conferred on the Secured Party by
this Section 3 are solely to protect the Secured Party’s interest in the Collateral and do not
impose any duty upon it to exercise any such powers. The Secured Party will be accountable only
for amounts that it actually receives as a result of the exercise of such powers, and the Secured
Party will not, in the absence of willful misconduct or negligence, be responsible to the Debtor
for any act or failure to act pursuant to this Section 3.

     4. Expenses Incurred by Secured Party. If the Debtor fails to perform or comply with
any of its agreements or covenants contained in this Agreement, and the Secured Party performs or
complies, or otherwise causes performance or compliance, with such agreement or covenant in
accordance with the terms of this Agreement, then the reasonable expenses of the Secured Party
incurred in connection with such performance or compliance will be payable by the Debtor to the
Secured Party on demand and will constitute Obligations secured by this Agreement.

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     5. Events of Default. The following events shall constitute events of default
(“Events of Default”) hereunder:

          (a) Debtor shall fail in any respect to perform or observe any covenant, condition or
agreement to be performed or observed by it under the Notes, the Purchase Agreements or hereunder;

          (b) Any representation or warranty made by Debtor in the Notes, the Purchase Agreements or
hereunder shall prove to be incorrect in any material respect; or

          (c) An event occurs which constitutes a default under the Notes, or any event occurs as
described in item 5 of the Notes.

     6. Remedies. Upon the occurrence of an Event of Default, all amounts owing under the
Notes by Debtor shall immediately become due and payable, and Secured Party may exercise in respect
of the Collateral, in addition to other rights and remedies provided for herein or otherwise
available to it under the Notes or under applicable law, all the rights and remedies of a secured
party upon default under the Uniform Commercial Code. The rights and remedies provided under this
Agreement are cumulative and may be exercised singly or concurrently, and are not exclusive of any
other rights and remedies provided by law or equity. Debtor agrees that upon an Event of Default
and at Secured Party’s request, it will assemble the Collateral and make it available to Secured
Party.

     7. Limitation on Duties Regarding Preservation of Collateral. The sole duty of the
Secured Party with respect to the custody, safekeeping and preservation of the Collateral, under
Section 9207 of the Code or otherwise, will be to deal with it in the same manner as the Secured
Party deals with similar property for its own account. The Secured Party will not be liable for
failure to demand, collect or realize upon all or any part of the Collateral or for any delay in
doing so or will be under any obligation to sell or otherwise dispose of any Collateral upon the
request of the Debtor or otherwise.

     8. Powers Coupled with an Interest. All authorizations and agencies contained in this
Agreement with respect to the Collateral are irrevocable and powers coupled with an interest.

     9. No Waiver; Cumulative Remedies. The Secured Party will not by any act of delay,
indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have
acquiesced in any default under the Notes or in any breach of any of the terms and conditions of
this Agreement. No failure to exercise, nor any delay in exercising, on the part of the Secured
Party, any right, power or privilege hereunder will operate as a waiver thereof. No single or
partial exercise of any right, power or privilege hereunder will preclude any other or further
exercise thereof or the exercise of any other right, power or privilege. A waiver by the Secured
Party of any right or remedy under this Agreement on any one occasion will not be construed as a
bar to any right or remedy which the Secured Party would otherwise have on any subsequent occasion.
The rights and remedies provided in this Agreement are cumulative, may be exercised singly or
concurrently and are not exclusive of any rights or remedies provided by law.

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     10. Miscellaneous.

          (a) Amendments and Waivers. Any amendment or waiver of any provision under this
Agreement shall be in writing and signed by the Debtor and Secured Party.

          (b) Transfer; Successors and Assigns. This Agreement will be binding upon and inure
to the benefit of the Debtor and its successors or assigns. The Debtor may not assign any of its
rights or delegate any of its duties under this Agreement.

          (c) Governing Law. This Agreement will be governed by and construed in accordance
with the laws of the State of California without regard to the laws that might be applicable under
conflicts of laws principles.

          (d) Counterparts. This Agreement may be executed in any number of counterparts
(including by facsimile), each of which will be an original, but all of which together will
constitute one instrument.

          (e) Notices. All notices, requests, demands and other communications that are
required or may be given under this Agreement shall be in writing and shall be deemed to have been
duly given (i) when received if personally delivered, (ii) upon electronic confirmation of receipt,
if transmitted by telecopy, (iii) the day after it is sent, if sent for next day delivery to a
domestic address by a nationally recognized overnight delivery service (i.e., Federal Express), and
(iv) three days from the date of deposit in the U.S. mails, if sent by certified or registered U.S.
mail, return receipt requested.

          (f) Severability. In the event that any one or more of the provisions contained in
this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect,
such provision(s) shall be ineffective only to the extent of such invalidity, illegality or
unenforceability without invalidating the remainder of such provision or the remaining provisions
of this Agreement and such invalidity, illegality or unenforceability shall not affect any other
provision of this Agreement, which shall remain in full force and effect.

          (g) Entire Agreement. This Agreement, and the documents referred to herein constitute
the entire understanding and agreement between the parties with regard to the subjects hereof and
thereof and supersede all prior agreements, representations, and undertakings of the parties,
whether oral or written, with respect to such subject matter.

[Signature pages to follow.]

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     The Debtor and Secured Party have caused this Agreement to be duly executed and delivered as
of the date first above written.

DEBTOR:

	 	 	 	 	 
	BCInet, Inc.

 	 	 
	By:  	/s/ Thomas P. Reynolds	 	 
	 	Thomas P. Reynolds 	 	 
	 	President & CEO 	 	 
	 

SECURED PARTY:

	 	 	 	 	 
	OCZ Technology Group, Inc.

 	 	 
	By:  	/s/ Ryan M. Petersen	 	 
	 	Ryan M. Petersen 	 	 
	 	President & CEO 	 	 
	 

Security Agreement—BCInet, Inc.

Signature Page

BCInet — Security Agreement

 

 

EXHIBITA

DESCRIPTION OF COLLATERAL

     This financing statement covers all right, title, and interest of Debtor in, to, and under all
of the following described personal property, whether now or hereafter owned by, owing to, or
acquired by or arising in favor of, Debtor (including, without limitation, under any trade names,
styles, or divisions of Debtor), and whether owned or consigned by or to, or leased by or to,
Debtor, and regardless of where located (all of which being hereinafter collectively referred to as
the “Collateral”):

     (a) all “accounts,” as such term is defined in the Uniform Commercial Code as in effect in the
State in which this Financing Statement is filed (“UCC”), including (i) all accounts
receivable, other receivables, book debts, and other forms of obligations (other than forms of
obligations evidenced by chattel paper, documents, or instruments), whether arising out of goods
sold or services rendered by it or from any other transaction (including any such obligations that
may be characterized as an account or contract right under the UCC), (ii) all purchase orders or
receipts for goods or services, (iii) all rights to any goods represented by any of the foregoing
(including unpaid sellers’ rights of rescission, replevin, reclamation, and stoppage in transit and
rights to returned, reclaimed, or repossessed goods), (iv) all monies due or to become due to
Debtor under all purchase orders and contracts for the sale of goods or the performance of services
or both by Debtor or in connection with any other transaction (whether or not yet earned by
performance on the part of Debtor), including the right to receive the proceeds of said purchase
orders and contracts, and (v) all collateral security and guaranties of any kind given by any
person or entity with respect to any of the foregoing;

     (b) all “chattel paper,” as such term is defined in the UCC;

     (c) all “contracts,” as such term is defined in the UCC, including all contracts,
undertakings, or agreements (other than rights evidenced by chattel paper, documents, or
instruments), including any agreement relating to the terms of payment or the terms of performance
of any account of Debtor;

     (d) all “documents,” as such term is defined in the UCC;

     (e) all “equipment,” as such term is defined in the UCC, including all machinery and equipment,
including processing equipment, conveyors, machine tools, data processing and computer equipment
with software and peripheral equipment, and all engineering, processing, and manufacturing
equipment, office machinery, furniture, materials handling equipment, tools, attachments,
accessories, automotive equipment, trailers, trucks, forklifts, molds, dies, stamps, motor
vehicles, rolling stock, and other equipment of every kind and nature, trade fixtures, and
fixtures, together with all additions and accessions thereto, replacements therefor, all parts
therefor, all substitutes for any of the foregoing, fuel therefor, and all manuals, drawings,
instructions, warranties, and rights with respect thereto; 

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     (f) all “fixtures,” as such term is defined in the UCC;

     (g) all “general intangibles,” as such term is defined in the UCC, including all customer
lists, licenses, copyrights, trademarks, patents, websites, domain names, and all applications
therefor and reissues, extensions, or renewals thereof, rights in intellectual property, interests
in partnerships, joint ventures, and other business associations, licenses, permits, trade secrets,
proprietary or confidential information, inventions (whether or not patented or patentable),
technical information, procedures, designs, knowledge, know how, software, data bases, data, skill,
expertise, experience, processes, models, drawings, materials and records, goodwill (including the
goodwill associated with any trademark or trademark license), all rights and claims in or under
insurance policies (including insurance for fire, damage, loss, and casualty, whether covering
personal property, real property, tangible rights or intangible rights, all liability, life, key
man, and business interruption insurance, and all unearned premiums), uncertificated securities,
certificated securities, choses in action, deposit, checking, and other bank accounts, rights to
receive tax refunds and other payments, rights to receive dividends, distributions, cash,
instruments, and other property in respect of or exchange for pledged shares or other equity
interests, rights of indemnification, all books and records, correspondence, credit files, invoices
and other papers, including, without limitation, all tapes, cards, computer runs, and other papers
and documents in the possession or under the control of Debtor or any computer bureau or service
company from time to time acting for Debtor;

     (h) all “goods,” as such term in defined in the UCC;

     (i) all “instruments,” as such term is defined in the UCC, including all certificated
securities, all certificates of deposit, and all notes and other evidences of indebtedness, other
than instruments that constitute, or are a part of a group of writings that constitute, chattel
paper;

     (j) all “inventory,” as such term is defined in the UCC, including inventory, merchandise,
goods, and other personal property that are held by or on behalf of Debtor for sale or lease or are
furnished or are to be furnished under a contract of service, or that constitute raw materials,
work in process, or materials used or consumed or to be used or consumed in Debtor’s business or in
the processing, production, packaging, promotion, delivery, or shipping of the same, including
other supplies;

     (k) all “investment property,” as such term is defined in the UCC, including: (i) all securities,
whether certificated or uncertificated, including stocks, bonds, interests in limited liability
companies, partnership interests, treasuries, certificates of deposit, and mutual fund shares; (ii)
all securities entitlements of Debtor, including the rights of Debtor to any securities account and
the financial assets held by a securities intermediary in such securities account and any free
credit balance or other money owing by any securities intermediary with respect to that account;
(iii) all securities accounts held by Debtor; (iv) all commodity contracts held by any person or
entity; and (v) all commodity accounts held by any person or entity; 

     (1) all letters of credit;

     (m) all money, cash, or cash equivalents of Debtor;

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     (n) all books and records (including, without limitation, customer lists, credit files,
computer programs, printouts, and other computer materials and records) of Debtor pertaining to any
of the foregoing; and

     (o) to the extent not otherwise included, all “proceeds,” as such term is defined in the UCC,
of the foregoing in any form, including, without limitation: (i) any and all proceeds of any
insurance, indemnity, warranty, or guaranty payable to any person or entity from time to time with
respect to any of the foregoing, (ii) any and all payments (in any form whatsoever) made or due and
payable to any person or entity from time to time in connection with any requisition, confiscation,
condemnation, seizure, or forfeiture of all or any part of the foregoing by any governmental
authority (or any person or entity acting under color of governmental authority), (iii) any claim
of any person or entity against third parties (A) for past, present, or future infringement of any
patent or patent license, or (B) for past, present, or future infringement or dilution of any
copyright, copyright license, trademark, or trademark license, or for injury to the goodwill
associated with any trademark or trademark license, (iv) any recoveries by any person or entity
against third parties with respect to any litigation or dispute concerning any of the foregoing,
and (v) any and all other amounts from time to time paid or payable under or in connection with any
of the foregoing, upon disposition or otherwise.

Security Agreement—BCInet, Inc.

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Exhibit 10.1

FORM OF

STOCK OPTION AGREEMENT

          THIS AGREEMENT, dated as of ___, 2009 (the “Grant Date”) is made by and between HCA
Inc., a Delaware corporation (hereinafter referred to as the “Company”), and the individual
whose name is set forth on the signature page hereof, who is an employee of the Company or a
Subsidiary or Affiliate of the Company, hereinafter referred to as the “Optionee”. Any
capitalized terms herein not otherwise defined in Article I shall have the meaning set forth in the
2006 Stock Incentive Plan for Key Employees of HCA Inc. and its Affiliates (the “Plan”).

          WHEREAS, the Company wishes to carry out the Plan, the terms of which are hereby incorporated
by reference and made a part of this Agreement; and

          WHEREAS, the Compensation Committee of the Board of Directors of the Company (or, if no such
committee is appointed, the Board of Directors of the Company) (the “Committee”) has
determined that it would be to the advantage and best interest of the Company and its shareholders
to grant the Option provided for herein to the Optionee as an incentive for increased efforts
during his term of office with the Company or its Subsidiaries or Affiliates, and has advised the
Company thereof and instructed the undersigned officers to issue said Option;

          NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and
valuable consideration, receipt of which is hereby acknowledged, the parties hereto do hereby agree
as follows:

ARTICLE I

DEFINITIONS

          Whenever the following terms are used in this Agreement, they shall have the meaning specified
below unless the context clearly indicates to the contrary.

Section 1.1. Base Price

          “Base Price” shall mean $51.00.

Section 1.2. Cause

          “Cause” shall mean “Cause” as such term may be defined in any employment agreement or
change-in-control agreement in effect at the time of termination of employment between the Optionee
and the Company or any of its Subsidiaries or Affiliates, or, if there is no such employment or
change-in-control agreement, “Cause” shall mean (i) willful and continued failure by Optionee
(other than by reason of a Permanent Disability) to perform his or her material duties with respect
to the Company or it Subsidiaries which continues beyond ten (10) business days after a written
demand for substantial performance is delivered to Optionee by the Company (the

 

 

“Cure Period”); (ii) willful or intentional engaging by Optionee in material misconduct
that causes material and demonstrable injury, monetarily or otherwise, to the Company, the
Investors or their respective Affiliates; (iii) conviction of, or a plea of nolo contendere to, a
crime constituting (x) a felony under the laws of the United States or any state thereof or (y) a
misdemeanor for which a sentence of more than six months’ imprisonment is imposed; or (iv) willful
and material breach of the Management Stockholder’s Agreement or related agreements, or Optionee’s
engaging in any action in breach of restrictive covenants made by Optionee under the Management
Stockholder’s Agreement or any employment or change-in-control agreement between the Optionee and
the Company or any of its Subsidiaries, which continues beyond the Cure Period (to the extent that,
in the Board’s reasonable judgment, such breach can be cured).

Section 1.3. Closing Date

          “Closing Date” means November 17, 2006.

Section 1.4. EBITDA Performance Option

          “EBITDA Performance Option” shall mean the right and option to purchase, on the terms and
conditions set forth herein, all or any part of an aggregate of the number of shares of Common
Stock set forth on the signature page hereof opposite the term EBITDA Performance Option.

Section 1.5. Fiscal Year

          “Fiscal Year” shall mean each of the 2009, 2010, 2011, 2012, and 2013 fiscal years of the
Company (which, for the avoidance of doubt, ends on December 31 of any given calendar year).

Section 1.6. Good Reason

          “Good Reason” shall mean “Good Reason” as such term may be defined in any employment agreement
or change-in-control agreement in effect at the time of termination of employment between the
Optionee and the Company or any of its Subsidiaries or Affiliates, or, if there is no such
employment or change-in-control agreement, “Good Reason” shall mean (i) (A) a reduction in
Optionee’s base salary (other than a general reduction in base salary that affects all similarly
situated employees (defined as all employees within the same Company pay grade as that of Optionee)
in substantially the same proportions that the Board implements in good faith after consultation
with the Chief Executive Officer (“CEO”) and Chief Operating Officer of the Company); (B) a
reduction in Optionee’s annual incentive compensation opportunity; or (C) the reduction of benefits
payable to Optionee under the Company’s Supplemental Executive Retirement Plan (if Optionee is a
participant in such plan), in each case other than any isolated, insubstantial and inadvertent
failure by the Company that is not in bad faith and is cured within ten (10) business days after
Optionee gives the Company written

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notice of such event; provided that the events described in (i)(A) or (i)(B) above will not
be deemed to give rise to Good Reason if employment is terminated, but Optionee declines an offer
of employment involving a loss of compensation of less than 15% from a purchaser, transferee,
outsourced vendor, new operating entity or affiliated employer; (ii) a substantial diminution in
Optionee’s title, duties and responsibilities, other than any isolated, insubstantial and
inadvertent failure by the Company that is not in bad faith and is cured within ten (10) business
days after Optionee gives the Company written notice of such event; or (iii) a transfer of
Optionee’s primary workplace to a location that is more than twenty (20) miles from his or her
workplace as of the date of this Agreement; provided that Good Reason shall not be deemed
to occur merely because Optionee’s willful decision to change position or status within the Company
or any of its Subsidiaries causes one or more of the occurrences described in (i), (ii), or (iii)
to come about.

Section 1.7. Investor Return

          “Investor Return” shall mean, on any date, as determined on a fully diluted, per Share basis,
all cash proceeds actually received by the Investors after the Closing Date in respect of their
shares of Common Stock, including the receipt of any cash dividends or other cash distributions
thereon. The Fair Market Value of any shares of Common Stock distributed by the Investors to their
limited partners shall be deemed to be “cash proceeds” for purposes of this definition.

Section 1.8. Management Stockholder’s Agreement

     “Management Stockholder’s Agreement” shall mean that certain Management Stockholder’s
Agreement between the Optionee and the Company.

Section 1.9. Option

     “Option” shall mean the aggregate of the Time Option and the EBITDA Performance Option granted
under Section 2.1 of this Agreement.

Section 1.10. Permanent Disability

     “Permanent Disability” shall mean “Disability” as such term is defined in any employment
agreement between Optionee and the Company or any of its Subsidiaries, or, if there is no such
employment agreement, “Disability” as defined in the long-term disability plan of the Company.

Section 1.11. Retirement

          “Retirement” shall mean Optionee’s resignation (other than for Good Reason) from service with
the Company and its Service Recipients (i) after attaining 65 years of age or (ii) after attaining
60 years of age and completing thirty-six (36) months of service with the Company or any Service
Recipients following the Closing Date.

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Section 1.12. Secretary

          “Secretary” shall mean the Secretary of the Company.

Section 1.13. Time Option

          “Time Option” shall mean the right and option to purchase, on the terms and conditions set
forth herein, all or any part of an aggregate of the number of shares of Common Stock set forth on
the signature page hereof opposite the term Time Option.

ARTICLE II

GRANT OF OPTIONS

Section 2.1. Grant of Options

          For good and valuable consideration, on and as of the date hereof the Company irrevocably
grants to the Optionee the following Stock Options: (a) the Time Option and (b) the EBITDA
Performance Option, in each case on the terms and conditions set forth in this Agreement.

Section 2.2. Exercise Price

          Subject to Section 2.4, the exercise price of the shares of Common Stock covered by the Option
(the “Exercise Price”) shall be as set forth on the signature page hereof.

Section 2.3. No Guarantee of Employment

          Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue
in the employ of the Company or any Subsidiary or Affiliate or shall interfere with or restrict in
any way the rights of the Company and its Subsidiaries or Affiliates, which are hereby expressly
reserved, to terminate the employment of the Optionee at any time for any reason whatsoever, with
or without cause, subject to the applicable provisions of, if any, the Optionee’s employment
agreement with the Company or offer letter provided by the Company to the Optionee.

Section 2.4. Adjustments to Option

          The Option shall be subject to the adjustment provisions of Sections 8 and 9 of the Plan,
provided, however, that in the event of the payment of an extraordinary dividend by
the Company to its stockholders, then; first, the Exercise Prices of the Option shall be
reduced by the amount of the dividend paid, but only to the extent the Committee determines it to
be permitted under applicable tax laws and it will not have adverse tax consequences to the
Optionee; and, if such reduction cannot be fully effected due to such

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tax laws, second, the Company shall pay to the Optionee a cash payment, on a per Share
basis, equal to the balance of the amount of the dividend not permitted to be applied to reduce the
Exercise Price of the applicable Option as follows: (a) for each Share subject to a vested Option,
immediately upon the date of such dividend payment; and (b), for each Share subject to an unvested
Option, on the date on which such Option becomes vested and exercisable with respect to such Share.

ARTICLE III

PERIOD OF EXERCISABILITY

Section 3.1. Commencement of Exercisability

          (a) So long as the Optionee continues to be employed by the Company or any other Service
Recipients, the Option shall become exercisable pursuant to the following schedules:

               (i) Time Option. The Time Option shall become vested and exercisable with respect to 20% of
the Shares subject to such Option on each of the first five anniversaries of the Grant Date.

               (ii) EBITDA Performance Option. The EBITDA Performance Option shall be eligible to become
vested and exercisable as to 20% of the Shares subject to such Option at the end of each of the
five Fiscal Years if the Company, on a consolidated basis, achieves its annual EBITDA targets as
set forth in Schedule A attached hereto (each an “EBITDA Target”) for the given
Fiscal Year. Notwithstanding the foregoing, in the event that an EBITDA Target is not achieved in
a particular Fiscal Year, then that portion of the EBITDA Performance Option that was eligible to
vest but failed to vest due to the Company’s failure to achieve its EBITDA Target shall
nevertheless vest and become exercisable at the end of any subsequent Fiscal Year (or the 2014
fiscal year) if the cumulative EBITDA Target (each a “Cumulative EBITDA Target”)
set forth on Schedule A attached hereto is achieved on a cumulative basis at the end of
such Fiscal Year (or the 2014 fiscal year) with respect to all then completed Fiscal Years;

     (b) Notwithstanding the foregoing, upon the occurrence of a Change in Control:

               (i) the Time Option shall become immediately exercisable as to 100% of the shares of Common
Stock subject to such Option immediately prior to a Change in Control (but only to the extent such
Option has not otherwise terminated or become exercisable);

               (ii) the EBITDA Performance Option shall become

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immediately exercisable as to 100% of the shares of Common Stock subject to such Option immediately
prior to a Change in Control (but only to the extent such Option has not otherwise terminated or
become exercisable) if (x) the EBITDA Targets have been achieved for each of the Fiscal Years
completed on or prior to such event, (y) on the date of the occurrence of such event, the Company’s
cumulative EBITDA for all of the Fiscal Years occurring after the Grant Date through such date
meets or exceeds the Cumulative EBITDA Target for all such Fiscal Years, or (z) as a result of the
Change in Control, the Investors Group achieves an Investor Return of at least 2.5 times the Base
Price; provided that for purposes of clause (y) above, if the Change in Control occurs
during a fiscal year, the Cumulative EBITDA Target for such fiscal year shall be equitably adjusted
in good faith by the Board in consultation with the CEO of the Company to reflect that portion of
the then current fiscal year that has elapsed through the date of the Change in Control; and

          (c) Notwithstanding the foregoing, no Option shall become exercisable as to any additional
shares of Common Stock following the termination of employment of the Optionee for any reason and
any Option, which is unexercisable as of the Optionee’s termination of employment, shall
immediately expire without payment therefor.

Section 3.2. Expiration of Option

          Except as otherwise provided in Section 6 or 7 of the Management Stockholder’s Agreement, the
Optionee may not exercise the Option to any extent after the first to occur of the following
events:

          (a) The tenth anniversary of the Grant Date so long as the Optionee remains employed with the
Company or any Service Recipient through such date;

          (b) The third anniversary of the date of the Optionee’s termination of employment with the
Company and all Service Recipients, if the Optionee’s employment is terminated by reason of death
or Permanent Disability (unless earlier terminated as provided in Section 3.20 below);

          (c) Immediately upon the date of the Optionee’s termination of employment by the Company and
all Service Recipients for Cause;

          (d) One hundred and eighty (180) days after the date of an Optionee’s termination of
employment by the Company and all Service Recipients without Cause (for any reason other than as
set forth in Section 3.2(b));

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          (e) One hundred and eighty (180) days after the date of an Optionee’s termination of
employment with the Company and all Service Recipients by the Optionee for Good Reason;

          (f) One hundred and eighty (180) days after the date of an Optionee’s termination of
employment with the Company and all Service Recipients by the Optionee upon Retirement.

          (g) Thirty (30) days after the date of an Optionee’s termination of employment with the
Company and all Service Recipients by the Optionee without Good Reason (except due to Retirement,
death or Permanent Disability);

          (h) The date the Option is terminated pursuant to Section 6 or 7 of the Management
Stockholder’s Agreement; or

          (i) At the discretion of the Company, if the Committee so determines pursuant to Section 9 of
the Plan.

ARTICLE IV

EXERCISE OF OPTION

Section 4.1. Person Eligible to Exercise

          During the lifetime of the Optionee, only the Optionee (or his or her duly authorized legal
representative) may exercise an Option or any portion thereof. After the death of the Optionee,
any exercisable portion of an Option may, prior to the time when an Option becomes unexercisable
under Section 3.2, be exercised by his personal representative or by any person empowered to do so
under the Optionee’s will or under the then applicable laws of descent and distribution.

Section 4.2. Partial Exercise

          Any exercisable portion of an Option or the entire Option, if then wholly exercisable, may be
exercised in whole or in part at any time prior to the time when the Option or portion thereof
becomes unexercisable under Section 3.2; provided, however, that any partial
exercise shall be for whole shares of Common Stock only.

Section 4.3. Manner of Exercise

          An Option, or any exercisable portion thereof, may be exercised solely by

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delivering to the Secretary or his office all of the following prior to the time when the
Option or such portion becomes unexercisable under Section 3.2:

          (a) Notice in writing signed by the Optionee or the other person then entitled to exercise the
Option or portion thereof, stating that the Option or portion thereof is thereby exercised, such
notice complying with all applicable rules established by the Committee;

          (b) (i) Full payment (in cash or by check or by a combination thereof) for the shares with
respect to which such Option or portion thereof is exercised or (ii) indication that the Optionee
elects to have the number of Shares that would otherwise be issued to the Optionee reduced by a
number of Shares having an equivalent Fair Market Value to the payment that would otherwise be made
by Optionee to the Company pursuant to clause (i) of this subsection (b);

          (c) (i) Full payment (in cash or by check or by a combination thereof) to satisfy the minimum
withholding tax obligation with respect to which such Option or portion thereof is exercised or
(ii) indication that the Optionee elects to have the number of Shares that would otherwise be
issued to the Optionee upon exercise of such Option (or portion thereof) reduced by a number of
Shares having an aggregate Fair Market Value, on the date of such exercise, equal to the payment to
satisfy the minimum withholding tax obligation that would otherwise be required to be made by the
Optionee to the Company pursuant to clause (i) of this subsection (c);

          (d) A bona fide written representation and agreement, in a form satisfactory to the Committee,
signed by the Optionee or other person then entitled to exercise such Option or portion thereof,
stating that the shares of Common Stock are being acquired for his own account, for investment and
without any present intention of distributing or reselling said shares or any of them except as may
be permitted under the Securities Act of 1933, as amended (the “Act”), and then applicable rules
and regulations thereunder, and that the Optionee or other person then entitled to exercise such
Option or portion thereof will indemnify the Company against and hold it free and harmless from any
loss, damage, expense or liability resulting to the Company if any sale or distribution of the
shares by such person is contrary to the representation and agreement referred to above; provided,
however, that the Committee may, in its reasonable discretion, take whatever additional actions it
deems reasonably necessary to ensure the observance and performance of such representation and
agreement and to effect compliance with the Act and any other federal or state securities laws or
regulations; and

          (e) In the event the Option or portion thereof shall be exercised

8

 

pursuant to Section 4.1 by any person or persons other than the Optionee, appropriate proof of the
right of such person or persons to exercise the option.

Without limiting the generality of the foregoing, the Committee may require an opinion of counsel
acceptable to it to the effect that any subsequent transfer of shares acquired on exercise of an
Option does not violate the Act, and may issue stop-transfer orders covering such shares. Share
certificates evidencing stock issued on exercise of this Option shall bear an appropriate legend
referring to the provisions of subsection (d) above and the agreements herein. The written
representation and agreement referred to in subsection (d) above shall, however, not be required if
the shares to be issued pursuant to such exercise have been registered under the Act, and such
registration is then effective in respect of such shares.

Section 4.4. Conditions to Issuance of Stock Certificates

          The shares of stock deliverable upon the exercise of an Option, or any portion thereof, may be
either previously authorized but unissued shares or issued shares, which have then been reacquired
by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be
required to issue or deliver any certificate or certificates for shares of stock purchased upon the
exercise of an Option or portion thereof prior to fulfillment of all of the following conditions:

          (a) The obtaining of approval or other clearance from any state or federal governmental agency
which the Committee shall, in its reasonable and good faith discretion, determine to be necessary
or advisable;

          (b) The execution by the Optionee of the Management Stockholder’s Agreement and a Sale
Participation Agreement; and

          (c) The lapse of such reasonable period of time following the exercise of the Option as the
Committee may from time to time establish for reasons of administrative convenience or as may
otherwise be required by applicable law.

Section 4.5. Rights as Stockholder

          Except as otherwise provided in Section 2.4 of this Agreement, the holder of an Option shall
not be, nor have any of the rights or privileges of, a stockholder of the Company in respect of any
shares purchasable upon the exercise of the Option or any portion thereof unless and until
certificates representing such shares shall have been issued by the Company to such holder.

9

 

ARTICLE V

MISCELLANEOUS

Section 5.1. Administration

          The Committee shall have the power to interpret the Plan and this Agreement and to adopt such
rules for the administration, interpretation and application of the Plan as are consistent
therewith and to interpret or revoke any such rules. All actions taken and all interpretations and
determinations made by the Committee shall be final and binding upon the Optionee, the Company and
all other interested persons. No member of the Committee shall be personally liable for any
action, determination or interpretation made in good faith with respect to the Plan or the Option.
In its absolute discretion, the Board may at any time and from time to time exercise any and all
rights and duties of the Committee under the Plan and this Agreement.

Section 5.2. Option Not Transferable

          Neither the Option nor any interest or right therein or part thereof shall be liable for the
debts, contracts or engagements of the Optionee or his successors in interest or shall be subject
to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other
means whether such disposition be voluntary or involuntary or by operation of law by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy),
and any attempted disposition thereof shall be null and void and of no effect; provided, however,
that this Section 5.2 shall not prevent transfers by will or by the applicable laws of descent and
distribution.

Section 5.3. Notices

          Any notice to be given under the terms of this Agreement to the Company shall be addressed to
the Company in care of its Secretary, and any notice to be given to the Optionee shall be addressed
to him at the address given beneath his signature hereto. By a notice given pursuant to this
Section 5.3, either party may hereafter designate a different address for notices to be given to
him. Any notice, which is required to be given to the Optionee, shall, if the Optionee is then
deceased, be given to the Optionee’s personal representative if such representative has previously
informed the Company of his status and address by written notice under this Section 5.3. Any
notice shall have been deemed duly given when (i) delivered in person, (ii) enclosed in a properly
sealed envelope or wrapper addressed as aforesaid, deposited (with postage prepaid) in a post
office or branch post office regularly maintained by the United States Postal Service, or (iii)
enclosed in a properly sealed envelope or wrapper addressed as aforesaid, deposited (with fees
prepaid) in an office regularly maintained by FedEx, UPS, or comparable non-public mail carrier.

10

 

Section 5.4. Titles; Pronouns

          Titles are provided herein for convenience only and are not to serve as a basis for
interpretation or construction of this Agreement. The masculine pronoun shall include the feminine
and neuter, and the singular the plural, where the context so indicates.

Section 5.5. Applicability of Plan, Management Stockholder’s Agreement and Sale Participation
Agreement

          The Option and the shares of Common Stock issued to the Optionee upon exercise of the Option
shall be subject to all of the terms and provisions of the Plan, the Management Stockholder’s
Agreement and a Sale Participation Agreement, to the extent applicable to the Option and such
Shares.

Section 5.6. Amendment

          Subject to Section 10 of the Plan, this Agreement may be amended only by a writing executed by
the parties hereto, which specifically states that it is amending this Agreement.

Section 5.7 Governing Law

          The laws of the State of Delaware shall govern the interpretation, validity and performance of
the terms of this Agreement regardless of the law that might be applied under principles of
conflicts of laws.

Section 5.8 Arbitration

          In the event of any controversy among the parties hereto arising out of, or relating to, this
Agreement which cannot be settled amicably by the parties, such controversy shall be finally,
exclusively and conclusively settled by mandatory arbitration conducted expeditiously in accordance
with the American Arbitration Association rules, by a single independent arbitrator. Such
arbitration process shall take place within the Nashville, Tennessee metropolitan area. The
decision of the arbitrator shall be final and binding upon all parties hereto and shall be rendered
pursuant to a written decision, which contains a detailed recital of the arbitrator’s reasoning.
Judgment upon the award rendered may be entered in any court having jurisdiction thereof. Each
party shall bear its own legal fees and expenses, unless otherwise determined by the arbitrator.
If the Optionee substantially prevails on any of his or her substantive legal claims, then the
Company shall reimburse all legal fees and arbitration fees incurred by the Optionee to arbitrate
the dispute.

[Signatures on next page.]

11

 

          IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto.

	 	 	 	 	 
	 	HCA INC.

 	 
	 	By:  	
 	 
	 	 	Its: 	 	 
	 	 	 	 	 

12

 

	 	 	 	 	 

	 	 	 	 	 
	Option Grants:

	 	 	 	 
	 
	 	 	 	 
	Aggregate number of shares of Common Stock
for which the Time Option granted hereunder is
exercisable (100% of number of shares):

	 	 	 	 
	 
	 	 	 	 
	Aggregate number of shares of Common Stock
for which the EBITDA Performance Option
granted hereunder is exercisable (100% of the
number of shares):

	 	 	 	 
	 
	 	 	 	 
	Exercise Price of all options:

	 	$         per share	 	 
	 
	 	 	 	 
	Grant Date:

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	OPTIONEE:
 	 	 
	 
	 	 	 	 
	 

	 	 
	
 
	 	 	 	 
	 

	 	 
	 

	 	Address
 	 	 
	 
	 	 	 	 
	 

	 	 

[Signature Page of Stock Option Agreement]

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